Trade idea logic: 1. High volume followed by big green candle. 2. Consolidating and slowly moving up. Looks goods for medium to long term gain.
sonata software breaking rectangle box trading above 20ema educational idea only
PATTERN - the stock has formed a year long consolidated rectangle which just follows range bound trend . the stock is ready for potential rally with unprecedented volumes. TARGET - for time being the stock can rally till 500 levels in no time and furthermore if it penetrates the resistance it can returns till 620 FUNDAMENTALS - The company is owned by west...
Deepak Nitrite Fundamentally Strong company. Institutions increased stakes in Apr-Jun Quarter. Triangle breakout. Will fire once consolidation breaks out.
Consolidated from last 1 month. Box breakout with good volume. Fundamentals and Q1FY24 concall points looks promising.
MTAR technology has given a good Consolidation breakout of a rectangular pattern and is heading towards completing its round bottom till the levels of 2500. Today also it has given a good Inside bar breakout. DISC: For educational purposes only.
Indian Hotel breaks rectangle with huge volume trading above all key ema educational idea only
Good evening guys! Here is the analysis Of Bharat forge. >>It's a neat and clean rectangle pattern breakout in Bharat Forge. >>As we can see from the weekly time frame, it has been forming a strong resistance and support for the past two years. >>Today, it has given a breakout because Q1 earnings were released, and the company has performed remarkably well....
Mphasis - 1 year range breakout with heavy volume. Also flag breakout in short term. Target 1 - 2500 Target 2 - 2560 SL - 2425 Educational Discussion Only
Over the past 14 years, the price has been moving within a rectangular channel pattern. It goes up and then comes back down to a support level, creating a significant demand and supply zone. Currently price trading at 25% down from its all time peek. As visible price has formed another parallel channel pattern inside the bigger pattern. It seems all set to give a...
Bharat Forge Cmp 898 date 27-7-2023 1. Rectangle Consolidation BO above 920. 2. RSI already had BO 3. Higher Lows Buy above 900 target 920-950-980-1000-1025-1050-1080 SL 850 News: Bharat Forge granted approval to participate in potential defence programs in future. The auto components maker also said that it has been granted a...
Welcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota. Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers. >>Escorts has spent the past two years consolidating within a bullish parallel channel. >>Today, it experienced a notable breakout, suggesting potential for a substantial upward...
Hello Smart traders Hope you are doing exceptionally well in you Trading journey. This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd. Technical- Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its...
VIP INDS CMP 680 dated 9-8-2023 1. Rectangle Consolidation BO @ 685 2. Price Rise with Volume Rise Buy above 685 target 700-725-740-760-825 SL 650 It is just a view, please trade at your own risk.
Breakout Chart NSE:BOMDYEING 131.5 1. Long Consolidation between the strong rectangle pattern with time frame of 5 Years 2. Breakout at 140 level in the chart 3. If price is able to break the 140 level we will have strong breakout and this will lead price towards the 200-240++ levels 4. If price is not able to break the resistance level we can see some more...
Good morning Guys! Here is a potential trade set up for next week. Providing you some pointers for MPS LTD. >>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week >> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. ...
Cipla has given a breakout from a range in 15 Min timeframe. Plan a trade for 1:3 Target. Entry: Triggered SL: 1251.80
PFC Long, 75 Min Time Frame. Today PFC has given a breakout from a range. Buy. Keep your profit 1:3 and then trail your SL from there.