Rangebreakout
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.
avanti feeds ltdshare name : Avanti feeds ltd
call type : positional
- After giving a good move 412-675 share is consolidating on retracement of .618
- share is consolidating in a range (525-591)
- 591 - acting as a huge resistance
- if a breakout comes, we can accumulate this
share above 591 for the target of 675 .770 with sl of 550
Thanks
GMM Pfaudler Ready for BreakoutGMM Pfaudler Ready for Breakout
Levels are explained in charts with Entry, Target & Stop Loss.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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
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
nbcc india ltdshare name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
and 40
- 50.50 is acting as a good resistance, if 50.50 is
taken out we can see the targets of 60 and 69
- we can accumulate this share above 50.50
with sl of 46
thanks
CCL Products Indiashare name : CCL Products India
call type : Poistional - Swing Trade
- Share is consolidating in a good range from a
long time in between price of 421 and 360
- We can see a good breakout in this share
- we can accumulate this share above 421
- Approachable targets :
first target 490
second 575
third 625
Stop loss 355, Risk reward 1:3
Thanks
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.
Bharat Bijle Price & Volume contracting.Stock has narrowing down candle by candle.
There is price as well as volume contraction.
This price movement precedes a big move.
Stock is consolidating since 2009. Stock is on the verge of multiyear breakout. Stock is being accumulated as evident by volumes. check image below
Simple wedge pattern on daily time frame
For attempting a breakout trade place SL at 1175
JUSTDIAL narrow range breakout.JUSTDIAL is stuck in a very narrow range, between 983 and 945. Generally when price moves out of the range, on which ever side it does, it travels further in that direction for about the width of the range. One can go long or short keeping the following levels in mind:
LONG ABOVE: 983
STOP LOSS: 945
TARGET: 1021
SHORT BELOW: 945
STOP LOSS: 983
TARGET: 907
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Manage your risk and trade your plan. :)
Tata Power Monthly chart Break Out from 2007 range.Analysis :-
1. 2007 old range break out on the monthly chart.
2. Monthly breakout is really strong.
3. Only things need to see the price action this whole month that it is sustainable or not. And then make Entry.
4. If it's in comes in old range then use buy om dip strategy.
5. Diploy not more than 3% to 5%.
Simple Range breakout awaitedStock consolidating since a year.
High volumes
Lows are shifting higher.
3rd Kiss on the trend line.
From Current level can be a good buy.
Target 1 : 121-125
Target 2 : 142-145
Stop loss : 88-95
Good Risk to Reward More than 1.
small resistance around 133 also
Not recommendation/tip
consult your advisor / do your own analysis
Bannari Amman Sugar - 3.5yr H&S BO w/volBUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
CIPLA: Head and Shoulders breakdown. CIPLA had formed what seems like a head and shoulders pattern, from which it broke down from on 27-07-21. After breaking down from the pattern and range it fell from around 945 level to the 875 level. Since then it has pulled back quite neatly to the bottom of the range and has then created a huge continuation bar to the downside with above average bearish volumes.
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One could take a short positional trade keeping in mind the following levels, do only initiate the trade if the price stays below the "SHORT BELOW" level for at least 15 minutes.
SHORT BELOW: 909
STOP LOSS: 939
TARGET 1: 879
TARGET 2: 849
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Plan your trade and manage risk properly.
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