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
Rangebreakout
Gujarat Ambuja Exports - Long term Breakout- Strong breakout after a consolidation on a monthly chart
- I expect it to come down however 30% positions can be offloaded at opening and remaining at 166 levels
- Volume expansion suggests strength
- Stoploss can be at 146-147
- Expecting a retest however momentum might be very strong
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
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
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⭕ 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
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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
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⭕ 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
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Analysis (2) 👇👇---------Trendline Breakout ----------👇👇
Adaniports | Range Breakout 4 % 🎯=====================================================
⭕ Swing Trading opportunity ! 30 min Chart Alert !!! ⭕
--Buy above =475 or CMP
--Target = 494
--Stop-loss = 470
--Lot Size = 2500
--R:R = 3.62
--Expected Profit = 47,000 ₹ per lot ( 3.95% )
--Expected Holding = 5-10 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) range breakout with volume
2) we must wait for clear entry
3) target is as per the pattern height
4) bullish candlestick pattern in 30min
5) beware of fake breakout
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Titan | Flag Pattern Or Range Bound Breakout 🎯=====================================================
⭕ Swing Trading opportunity ! 30 min Chart Alert !!! ⭕
--Buy above =1452 or CMP
--Target = 1541
--Stop-loss = 1416
--Lot Size = 750
--R:R = 2.5
--Expected Profit = 66,750 ₹ per lot ( 6.61% )
--Expected Holding = 5-15 day only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) Titan has given the breakout of range trading on 30min time frame
2) Target is considered as height of the pole
3) support is mentioned already
4) flag pattern breakout
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BATAINDIA | Range breakout Trading | +19 % Profit !! NSE:BATAINDIA
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Range Breakout .
2> Huge volume as well
3> Accumulation is done
4> Retracement areas are shown through arrow.
5> Rsi divergence just for educational purpose | example
some fundamental supports :-
1>Bata India to Merge Subsidiaries
2>Bata India Says Unit Approves Amalgamation
3>Bata India Plans to Add 100 New Stores in FY21
--CMP =1513
--Lot Size = 550
--Target = 1788 ( 19 % )
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Glenmark | Flag Pattern , Trendline & Range Bound Breakout NSE:GLENMARK
positional Trading opportunity ! Weekly Chart Alert !!!
--Buy above =542.55
--Target = 688.25 ( 33.55 % )
--Stop-loss = 446
--Lot Size = 1150
--R:R = 2.50
--Expected Profit =1,98,000 ₹ per lot or 33 %
Technical Reasons to trade :- 🧢
1) Glenmark has bullish flag pattern Formation and breakout.
2) Range breakout trading .
3) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern.
4) Uptrend Is continuing and Trendline break .
5) resistance is around 6858-733 .
Fundamental reasons to trade :-
1)Glenmark Pharmaceuticals to Redeem $8 Million Singapore-Listed Bonds
2)Glenmark Pharmaceuticals Gets US FDA Approval for Axitinib Tablets
3)Glenmark Pharma Gets Tentative U.S. FDA Approval For Axitinib Tablets
4)Dr.Reddy's Laboratories to Acquire Select Anti-Allergy Brands from Glenmark Pharmaceuticals
5)Glenmark Pharmaceuticals Lands Final USFDA Approval for Immunosuppressant
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