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Rangebreakout

Possibilities of big breakoutWith quarterly sales increasing by 42% and quarterly profit increasing by 68%, BSE:JASCH posted good set of numbers. This share is in a trading range since Jul'21 and now looks like it's ready for a breakout. RSI is also breaking out of it's range which confirms bullish trend. If it breaks Rs.174 with big volumes and stays above it, one can buy with a stop at or below Rs.150. It's better to wait for 3:15 before buying to understand if it is coming down or closing near the top. A close near the top proves it's strength. Other Fundamentals: - 1. Average ROE for last 5 years above 15% 2. TTM sales growth at 72% and TTM profit growth at 136% 3. Borrowings came down from Rs.23cr to Rs.3cr since Mar'19 4. Debt to equity at 0.04, Interest coverage ratio at 47.9 and ROCE at 24% 5. During FY21, the Co was able to improve the drying speed of PVC coated fabrics in its existing ovens, as a result of which the installed capacity of PVC coated fabrics being manufactured has increased from 78 lakh metres to 94 lakh metres p.a. 6. Some of the major clients of the co include Puma, Red Tape, Bata, Mahindra, Walmart, Calvin Klein etc. 7. The company has recently modified its production lines, which has resulted in development of some new products with significant saving in power and fuel. The company has been concentrating on PU resin and PU Synthetic Leather where the competition is less.
BSE:JASCHLong
by akashbothra
LINDEINDIA - Darvas Box Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Linde India was analysed previously on 05th Jan as well. Checkout the linked idea to understand better The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:LINDEINDIALong
by TradewithAditya
Balajitele - Range Bound - Range BreakoutNSE:BALAJITELE BalajiTele View : Bullish Shortterm - Medium Term - Long term Structure : Range Bround Range Breakout: Traders can enter in the direction of a breakout from a trading range. To confirm the move is valid, Traders can use other indicators as per thier own wish. Observation: 1. Range Breakout @ 75.00 2. Double / Multiple Bottom 3. Multiple support between 57 -58 indicates Balajitele can break the Upper range. 4. Range broken at 75.00 CMP 77.00 (7th February 12.40) View: Buy between 75 - 78 Stop Loss: 69.75 for long term Target 83 - 89 - 92 - 96 - 95 - 100 + + + +
NSE:BALAJITELELong
by FalgunPrajapatiTrading
Accumulation with narrow rangeStock moving in narrow range. Volumes have increase in last few sessions. There is also pause in momentum. (Check attached link for similar idea) This shows we may see a good upside soon, breakout from narrow range. Stock is holding at good supports, taking a breather after previous rally. Check the location of narrow range On monthly it has made new high. support turned resistance. Check image below Keep a Stop loss at 107 on daily close basis.
MLong
by varadtambolkar
SRF - Range Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SRFLong
by TradewithAditya
9
Greaves cotton Ready for multi year breakoutSimple consolidation of 7 years Increased volume activity, after failed range break in March 2020 As stock is back in the range after failed breakdown & increased volume thereafter shows we might see a range break soon. SL will be wide at 125-130 as monthly charts Tip: Many times you will see stocks give breakout/breakdown then consolidate a bit forming tight range. them price will move with volumes in opposite side of the breakout/Breakdown
NSE:GREAVESCOTLong
by varadtambolkar
3
hindustan oil explorationshare name : hindustan oil exploration call type : poistional -I am posting this chart on monthly time frame because of I have to show support and resistance of this share. How beautifully everything is working - After forming a high of 400 in 2009 share is in a good downtrend - From 2012 and 2020 share is forming a range means it is in a consolidation phase 30-150 for a trend change - Share is also a forming pole and flag pattern to with a good retracement of 0.58 on fiboo - we can see targets of 285 in upcoming days - we can accumulate at this current level with sl of 145 - approachable targets 225,250, 285++ thanks
NSE:HINDOILEXPLong
by THINKLIKEATRADER
4
Range Breakout in HOMEFIRSTIf you look at chart at around 623-618 zone, we saw price rejection/resistance from this level. today in 1D timeframe the candle has given strong closing above the resistance zone with unusual volume which sounds good for this trade And same zone 623-618 will act as a support zone. Can make fresh position at CMP OR if you see any pullback/retest/backtest from these levels can also a good candidate to go long. it'll be better if we get this trade at around 650-640 level. would suggest to go long for the given targets of 713.50 & 794.50 with strict stop loss of 610 (only on candle closing below basis) ENTRY :- CMP OR AROUND 640-650 RS TARGET :- T1 713.50 & T2 794.50 (TARGET IS DETERMINED BY PREVIOUS SWINGS FROM THE RESISTANCE LEVELS) STOPLOSS :- 610 (ONLY ON CANDLE CLOSING BELOW BASIS) THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
NSE:HOMEFIRSTLong
by Ankushkokane