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Rangebreakout

Potential Range BreakoutAnother very simple technical analysis which works wonders in the markets. We have heard of BREAKOUTS. It could be upside or downside. It could be a breakout of any zone, consolidation, range, trendline, any indicator or anything. The Important thing is that a breakout BREAKS OFF an Important Level in the market. There can be many indications when there can be a potential breakout, out of which one is a simple CONSOLIDATION around the Zone. CONSOLIDATION is a PRICE ACTION which says that buyers and sellers are accumulating in a tight range and obviously one has to win after a tussle, so whosoever wins will take the price with him. Now in case of a Resistance or Support if the price is consolidating near its resistance and support and attracting to it multiple times (in this case the Price is going to its resistance 4th time), it becomes weak and it may mean that it is continuously trying to break that level . And if it fails to do so it will again come back into its range. ENTRY can be made at the same price i.e 1657 for aggressive trading or whenever it gives a closing out of the Consolidation zone in weekly candle. STOPLOSS - If it gives closing below the consolidation zone.(However Closing below this zone will also give an opportunity to go short) Reward/Profit - It can be projected by plotting the same price range upside the resistance as it was trading before. In this case it shows a target of Rupees 2000. **Market is a game of probability, No-one is 100% right here, no one needs to be, to become profitable. The ultimate goal is to make money and to trade taking only calculated losses.
NSE:HDFCBANK
by rohitbansal1212
1
Banknifty view for 10 Nov ExpiryNSE: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 times banknifty took support from that level and gone upside. Banknifty is curretly neither in Up trend nor in Down trend. Its just moving in between 41500 - 40850. we can say sideways. On longer time frame like daily or weekly we can clearly see an up trend. So if we get banknifty around 40850 and gives us a bullish confirmation we will think for Long (Bullish view) for target of 41100,41300 & 41500. If Banknifty breaks 41500 level and sustain above that we will surely go for Long (Bullish view) for target of 41700, 41800 & 42000. In worst case banknifty will break its support level 40850 and sustains below we can go for short(Bearish view) for target of 40600, 40500,40300. If we think logically, most of the major banks NSE:SBIN , NSE:AXISBANK , NSE:HDFCBANK , NSE:ICICIBANK having good quarterly earning report. FII have started buying recent. So we can expect a bullish move for upcoming days. But, we are close to all time high. Disclaimer : I am not SEBI registered analyst. Do your own analysis before taking trade. I am not responsible for your profit or loss.
NSE:BANKNIFTY
by AmeyKajarekar
1
Flag Pattern breakout in AMARAJABATBefore 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 with 2x avg volume. The stock has been retraced and weak hands have been removed. The stock Relative strength is trending towards highs. Entry - 540 Stoploss - 497 Target 1 - 575 Target 2 - 640 I hope this helps more in your stock analysis. Thank you Saurabh
ALong
by shadowthenoobtrader
Range Bound Breakout expected at 2184NSE: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 bulls and the bears fight over the direction of the next move. Generally breakout occur at the previous direction of the underlying. Range Bound Level : 1770 to 2130 Range bound levels are clearly drawn in the chart as support and Resistance. Break out level : 2184 CMP : 2170 Advance Buy Order @ >= 2185 Reason : Range Breakout at 2185 Long Term Target: 2540 - 2560 + + + Short Term Target : 2300 - 2400 - 2500 - 2540 + + + Note: BUY only > = 2185. CMP 2170
NSE:VINATIORGALong
by FalgunPrajapatiTrading
GPPL - Range Breakout with VolumesNSE: 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% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:GPPL
by BrahmaBull31
AXISBANK - Range Breakout with VolumesNSE: AXISBANK has broken out from the consolidation range. Today's volumes and candlestick indicate 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 uptrend. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:AXISBANKLong
by BrahmaBull31
16 years high breakout in Royal Orchid Hotel16 years high as well as range breakout supported by Rounding bottom pattern breakout. If breakout candle it is supported by volume in weekly chart then it could be much more stronger. Stock has a potential to reach 440 level. All time high was 261, now that level is broken. For the further upside move stock has to close above 271 level with good candle and volume in a weekly chart. 235-250 Level must act as support now. Ideal Stop loss will be 210. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:ROHLTD
NSE:ROHLTDLong
by varun_devadiga
5