The stock ONGC has been trading with a higher high and higher low price formation.
Today, the stock broke out from a this horizontal line on above average volume.
Upward Momentem possible
Comment All your Views
#KIRLOSBROS showing a text book example of NR7 Breakout with Huge Volumes
>> Good Strength in Stock
>> Good Volume Participation
>> Try to enter at retracement (if any) near safe entry Levels, or else immediately
Happy Trading !!!
Price has been sustaining above the range high which was acting as a string resistance in the IndusInd bank daily timeframe chart for a couple of weeks. On an hourly timeframe, the trend line drawn has been acting as a good support. One can look to go long given the sector tailwinds with the trend line as SL on a closing basis.
Best of luck!
NSE:BANKNIFTY is Trading in a narrow price range from date 24 nov to 4 nov.
41,500 is crucial level for banknifty. Its a strong resistance or supply zone. Banknifty is trying to break this resistance. On Nov 1 it succeed to break resistance but not able to sustain. Also this level is tested for multiple times.
On the other hand, 40850 is strong support. 2...
Bitcoin is breaking the range in daily timeframe.A confirmation candle is forming next.If the candle closed in green as a bullish confirmation,a long trade can be initiated for the next day. The upper support level of the range in image(21854.16) will consider as the target.
Cummins broke from its range and is likely to do well. Trail Stop Loss accordingly in this one. Cummins India is a dominant player in generators and power generation. It is also working closely with the Indian Railways for the electrification of engines and is also building data centers for other companies.
Aegis logistics has shown a range breakout on Daily time frame and weekly NR7 breakout (Narrow range for breakout after 7 weeks of consolidation). This could be a good swing Bullish trade
Engineers India Limited is an Indian is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.
94 on the upside
49 on the downside
Before taking any trade I always analyze the trend, price, volume, and how the relative strength is performing compared to other stocks in that sector.
Here are a few observations that we can make from the AMARAJABAT chart:
Flag Pattern upside breakout(bullish)
The stock broke a long trend line and consolidated for a month.
It has given a range breakout...
HSCL Daily
View : Medium - Long term Bullish
Range Bound : 657 Days Range-Bound
Range : 39.25/42.05 - 60.55/63.90
View Bullish at 60.55
Findings: Broken Range above 63.90 (New high 65.40) and tested support of 60.55/58.70.
Buy at 60 with stop loss 56.00 CMP 59.30
Target = 65 - 72 - 74 - 79 -85 +++++ for long term
BINANCE:BTCUSDT
UPDATE With important levels to trade
View : Long term Bullish
Reason : You can check previous analysis for descending channel breakout.
Current Analysis : Range breakout Trade.
It can be clearly seen that BTCUSDT trying to break range.
Target 45800 - 47200 - 50000 - 50700 - 52600 + + +
Levels has been drawn for you to trade for short term...
NSE:VINATIORGA
Structure : Range bound
What is range bound market?
Whenever a stock or index is trading between support and resistance it is called Range bound.
There is no strong move in either direction.
Prices tend to ping back and forth near old highs and then fall to prior lows.
The range-bound movement usually occurs at the end of a large move as the...
NSE: GPPL is closing with a range breakout bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with the trendline support over the past few days which is creating the up trend.
One can look for a 8% to 11%...
![TATASTEEL: TATA Steel Can Shoot Up After Retest [Range Breakout]](https://s3.tradingview.com/6/6OjP7V9X_mid.png "TATA Steel Can Shoot Up After Retest [Range Breakout]")
