Get started

Priceactionanalysis

MMTC's Rounding Bottom BreakoutHere's an exciting trade prospect in MMTC. A clear rounding bottom formation is evident on daily and weekly charts. The recent surge above the robust resistance at 42.05, coupled with substantial volumes, marks a notable breakthrough. Anticipate a possible retest after breakouts, keeping a close watch on closing prices. The setup remains valid as long as MMTC stays above 43, a key level indicating pattern strength. This is a medium-term trade with targets set around prior resistance levels and the rounding bottom's projected completion near 65. Remember, this information is for educational purposes and not financial advice. Manage your trades wisely and consider setting appropriate stop-loss levels to manage risk.
NSE:MMTCLong
by sandeshprabhu85
2
Nifty Spot Actionable Idea - September 6, 2023Current Price (CMP): 19577 Resistance: 19587 Support: 19526 Upside Targets: 19623 and 19646 (after a break of Resistance) Downside Targets: 19494 and 19459 (after a break of Support) Execution: Only execute trades after a clear break and close above or below the Resistance or Support levels on a 15-minute candlestick chart. Stop Loss: Place stop-loss orders above or below the Resistance or Support levels on a 15-minute candlestick chart. ---------------------------------------------------------------------------------------------------------------------- Overview: Welcome to this Nifty Spot actionable idea for September 2, 2023. In this analysis, we will explore the current price, key resistance, and support levels, along with potential upside and downside targets. Please note that this analysis is for educational purposes only and should not be considered financial advice. Always do your research and consult with a financial advisor before making any trading decisions. Current Price (CMP): As of the specified date, the Nifty Spot is trading at 19577. Resistance: The immediate resistance level for Nifty Spot is identified at 19587. Support: On the downside, there is solid support at 19525. Upside Targets: In the event of a breakout above the resistance level of 19587, we can set our sights on two potential upside targets: 19623 and 19646. Downside Targets: Conversely, if the support level at 19525 is breached, we should be prepared for two downside targets: 19494 and 19459. Execution Strategy: It's crucial to exercise caution and execute trades only when there is a clear breakout and close above or below the resistance or support levels, as indicated on a 15-minute candlestick chart. This approach helps confirm the strength of the market move and reduces the risk of false breakouts. Stop Loss Strategy: To manage risk effectively, it's advisable to place stop-loss orders above or below the respective resistance or support levels on a 15-minute candlestick chart. This way, you can limit potential losses in case the market moves against your trade. Disclaimer: Please remember that this trading idea is provided solely for educational purposes and is not intended as financial advice. Trading carries risks, and it's important to conduct your own research and consult with a financial advisor before making any trading decisions. Always trade responsibly and consider your risk tolerance.
NSE:NIFTY
by SarthakPatwari
FIEM INDUSTRIESThe co. enjoys a significant market share for the supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. It has diversified its product portfolio by venturing into LED Luminaires for Indoor and Outdoor applications and Integrated Passenger Information Systems with LED Display. It is a sole Supplier to Ola Electric for Headlamps, Tail Lamps, Indicators, Rear Fender Assembly and Mirrors. From 2018 to 2022, the co. has launched 7 models using the World’s smallest Bi-functional LED Headlight. The market share in the conventional lighting side in FY22, is estimated to be more than 30%. Its top three customers contributed ~71% of revenues in FY22 Some of the top clients of the co. are : Two Wheeler- Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield Four Wheeler- Tata Marcopolo, Force Motors, Honda Siel, Hyundai EV- Ola, Hero Electric
NSE:FIEMINDLong
by CannySunny
1
Can it Persistently Rise? Market Cap 38,892 Cr. Stock P/E 41 Industry PE 33 Piotroski score 8 ROCE 31 % ROE 26 % Debt to equity 0.17 OPM 18 % EBIDT growth 3Years 38 % Promoter holding 31 % Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. BFSI accounts for the majority of revenues at 31.6%, followed by Healthcare & Life Sciences (20.8%). Tech & emerging verticals account for the remaining 47.6% of revenues. The company has a global presence with presence in 17 countries including India, Australia, Canada, Germany, Japan etc. The North American region contributes 78.8% of the total revenue. Contribution from India region was 10.6% and Europe was 8.7% while the Rest of the World contributed 1.9% of total revenue.
NSE:PERSISTENTLong
by CannySunny
Consolidation in HeritageFood - Hourly Time FrameThe stock of HERITAGEFOOD is currently consolidating within a 1-hour timeframe. There is potential for a breakout in either direction. This situation presents a trading opportunity. The long-side target is at 275.8, with a stop loss set at the middle of the range, which is 249. On the short side, the target is 226.55, and the stop loss remains the same at 249. This configuration results in a risk-reward ratio of approximately 2.7 on both sides.
NSE:HERITGFOOD
by popularExpert69803
CHEMPLASTSCHEMPLASTS :-Stock has given strong breakout, if comes for retesting, you guys can plan something Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:CHEMPLASTSLong
by AjayDhakad_Keep_it_simple
The Ultimate Guide to Mastering Price Action Analysis for Swing #swingtrading , #breakoutsignals In this video, we're going to share with you price action trading,price action trading strategies,price action,swing trading,swing trading for beginners,price action trading course,price action strategy,forex trading for beginners,price action for beginners,best price action trading strategy,price action analysis,forex trading,swing trading strategies,price action trading strategy,how to trade forex,swing trading stocks,technical analysis,price action trading for beginners,swing trading strategy And finally, in this video, we'll give you some tips on how to invest in breakout stocks. We'll share with you our tips on how to find breakout stocks, how to trade them, and how to find :- 1. Breakout Stock 2. Breakout Stocks for Next Week 3. Breakout Stocks for Tomorrow 4. Breakout Stocks of The Week 5. Breakout Stocks to Buy Now 6. Breakout Stocks Tomorrow 7. Best Breakout Stocks for Tomorrow 8. Positional Breakout Stocks 9. Positive Breakout Stocks for Swing Trading 10. Positive Breakout Stocks 11. Swing Breakout Stocks for Tomorrow 12. Tomorrow Breakout Stocks 13. Tomorrow Intraday Breakout Stocks 14. Top breakout Stocks for Today 15. Top Breakout Stocks ------------------------------------------------------------------------------------------------------------------------ Welcome to the official youtube channel of India's first Retail Investors community BREAKOUT SIGNALS! The purpose of this channel is to spread knowledge and awareness about the Stock Market for free. We do extensive fundamental and technical analysis and give recommendations solely based on our research. Disclaimer: We are not SEBI registered. All the content (videos, comments, posts, community posts, live streaming, etc) of this channel is for educational and informational purposes only, Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. ----------------------------------------------------------------------------------------------------------------------------- #breakoutsstocksfortomorrow #swingtradestrategy #tradingstrategies #tradingstrategy #tradingstrategies #swingtrader #swingtrading #swingstocks #swingidea
NSE:MARKSANSLong
by BreakoutSignals1
BALAJITELE BALAJITELE :- The stock has given a breakout, you can plan something if you come for retesting. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BALAJITELELong
by AjayDhakad_Keep_it_simple
BAJAJHIND BAJAJHIND :- Stock is going to give breakout after 9 years, wait for breakout, plan with strict stop/loss if you do Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BAJAJHINDLong
by AjayDhakad_Keep_it_simple