Bullish opportunity in IGPL The stock bounced back from the 0.618 Fibonacci retracement level.
Additionally, the stock recently experienced a significant short-term trendline breakout, followed by a breakout from a rectangle pattern.
These technical developments suggest potential bullish momentum ahead for the stock. Keep an eye on further price action for confirmation.
Rectangle
ATAM VALVES: BASE FORMATION FOR A BREAKOUTNSE:ATAM
Atam Valves Ltd. manufactures and supplies valves, fittings, steam traps, and strainers. Its products include flow indicators, auto injectors, industrial valve, globe valve, relief valve, horizontal check valve, and allied products. The company was founded by Vimal Parkash Jain in 1982 and is headquartered in Jalandhar, India.
Timeframe: Day chart🧐
🔹Swing:- Range forming after a bear leg.
🔹Structure:- Horizontal Resistance breakout, broken the trendline but next resistance break will create a strong momentum move
🟢ENTRY:230+
♦️RISK:- 190-day closing basis
🎯TARGETS:- 260,291+
Detailed analysis on chart Study it and mark levels on your chart
Accumalate this stock before it flies!Praj industries has been consolidating in a Darvas box since past 2 years. The stock is a major palyer in ethanol industry which is used an alternative to petrol in automobile.
The stock is looking strong for a breakout of this consolidation which would be a monthly closing above 440.
Accumalate this stock on dips. Best buy zone is 380-400.
This idea is for investment perspective only.
Resistance Breakout - GABRIELPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Resistance Breakout - MAXESTATESPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
BFUtilities-Hidden multibagger stockBFUtilities , a Kalyani group company in the field of wind power generation is showing big reversal indications.
A monthly breakout was done few month back and currently stock is consolidating.
Once 1000 is crossed, this stock would be hard to catch.
Stock has improving fundamentals with net profit and EPS at all time high.
Stock is highly undervalued considering recent developments in renewable energy.
We have seen crazy moves in Suzlon and Inox Wind and I am expecting similar multibagger returns from this stock as well.
HIndustan copper 2 years cup breakoutHindustan copper has broke out cup pattern neck line 198, which gives first target of 320.
On the bigger time frame it will completing a cup or box pattern of more than 11 year.
If it manages to close above 320 then it will be breaking its 11 year high, which can give target of 600.
This is for educational purpose.
SHC / SOTERA HEALTH COMPANY | Bear Flag/Rectangle PatternNASDAQ:SHC (Sotera Health Company)
Provides mission-critical sterilization, lab testing and advisory services to the medical device and pharmaceutical industries.
It also provides end-to-end sterilization as well as microbiological and analytical lab testing and advisory services to help ensure that medical, pharmaceutical and food products are safe for healthcare practitioners, patients and consumers.
Stop Loss Price :- 11.08
Stop Loss Trigger Price :- 11.06
CMP
Entry Trigger Price :- 10.76
Entry Price :- 10.74
DO NOT MISS THIS PRE BREAKOUT TRADE!We have seen in past how consolidation breakouts always give rocket moves.
One such pre breakout consolidation trade is NALCO
If this stock manages to sustain above 140, we will enter mad bull run in this stock.
It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout.
Levels mentioned on chart. I hope you all can get to ride this share with me if this breaks out.