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
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⭕ 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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Rangebreakout
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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RANGE BREAKOUT - LONG SETUPStock has given a good bullish breakout from the 4 month long consolidation zone and also its strong resistance has been taken out with massive volumes and RSI confirming bullish momentum.
If it continues to sustain above 430, one can look for a long opportunity for short to mid term view.
Wait for a right price action before entering.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
Long setup - Expecting stock will go up if it breaks 430.95. Range break out set up . If stock sustains above the given level then it will go uo but given condition is that market sentiment must be positive as as well as sector should be positive.
Disclaimer: Only for educational purpose. Before taking any trade consult your financial adviser
RANGE BREAKOUT TRADE - WAIT FOR THE LEVELStock is trying to break its 2 months long range with good volume addition in today's session and RSI confirming the charge of bulls and a good retracement from bears territory. Wait for it to cross the range and sustain above 106-107 and then trade with a proper SL.
Discliamer: Take this view for educational purpose. Trde on your risk.
Happy trading. Happy investing!