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Rangebreakout

Nifty Rangebound movement, Range breakout Expected!As you can see Nifty is moving in a range. In previous idea I showed how to trade range ( Link attached ) If you look at line chart of nifty from all time high nifty use to make lower low on line chart. Since later march nifty has not made a new low on line chart, Thus moving in range. In fact Nifty made a high Low as marked on chart. This makes my view sightly bullish on Nifty. Nifty is also trading above short term moving averages now. I have show 20 MA with line. You can confirm with other short term moving averages also. 14700-14500 will be support levels now, As long as it sustains above these levels view remains positive Below 14320-14250 view will be negative. In broader markets Mid cap & Small Cap indices are either giving breakout or trading near to all time high. This Show bullish bias overall. Check NSE:CNXMIDCAP Check NSE:CNXSMALLCAP Taking a Break as of now will back after few weeks. Take care. Stay safe. Keep Growing
NSE:NIFTY
by varadtambolkar
3
Hind Zinc, New Life high expeted.All observations on chart. On weekly chart Hind zinc is making higher high higher low formation. Just below the all time high stock is consolidating. longer the consolidation more powerful is the breakout. Inside Bars Are formed Just before a breakout. Inside bar means one low volume small red candle is formed between big green candles and also opposite of this is one small bodied green candle is formed between big red candles. As you can see stock is stuck in range for a long time now, and is hovering at the upper end of the range. Expecting a good move here in coming days. check the chart below
NSE:HINDZINCLong
by varadtambolkar
11
Range breakout expectedStock consolidating since 9 months. longer is the consolidation more powerful is the breakout. since stock is up today 10% buy only partial qty wait for dip till 400 or wait for range break and enter on testing. All other observations on chart. Many times I have covered range & consolidation breakouts. Advantages 1. Stop losses are low. 2. Kicking out by hitting SL is occurs rarely. 3. Breakouts are of high intensity, Quick gains. 4. If you have entered in the lower end of the range & breakout fails, you still get good exit. 5. Profit probability is higher. Check similar ideas below
NSE:TCPLPACKLong
by varadtambolkar
9
L_TFH | Breakout & retracement id Done | 30% 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕ --Buy above =83.65 or CMP --Target = 109.70 --Stop-loss =70.30 --Lot Size = 6800 --R:R = 1.95 --Expected Profit = 1,76,800 ₹ per lot ( 31% ) --Expected Holding = 2-3 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) trendline & Range break & resistance break with volume 2) Target is based on next resistance zone 3) breakout & retracement is already done ...perfect time to buy Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:LTFLong
by ReviveTraders
2
ITC | Triple Bottom Breakout | Detailed Analysis here !!🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕ --Buy above =210.45 or CMP --Target = 235 | 257 --Stop-loss = 196 --Lot Size = 3200 --R:R = 3.27 --Expected Profit = 1.50,000 ₹ per lot ( 22.43% ) --Expected Holding = 1-3 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) ITC has given the Big Breakout of Triple bottom pattern 2) Retracement is done with big rejection in downsides at support 3) Target is based on the height of the pattern 4) Volume is also good as well as fundamentals Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view ! Analysis (2) 👇👇---------Trendline Breakout ----------👇👇
NSE:ITCLong
by ReviveTraders
19