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KotakBank consolidating from one year will it give Breakout ? KotakBank consolidating from Dec 2021 to Nov 2022 The range of consolidation is 1625 to 1975, Bank Nifty moved in range of 10000 to 12000 point in last one year. Bank Nifty moved 10000 point since Jun 2022. The move lead by ICICI Bank, Axis Bank, SBI , HDFC Bank and Along with PSU BANK Kotak Bank and Indusind Bank has not moved in rally, So when Index start correcting I expect Kotak Bank and Indusind Bank will help fall of bank nifty. Buy Kotak Bank Above 1980 Target1 2040 Target2 2100 Target3 2200 SL 1880 Consolidating in zone Tested zone of 1950-2000 more than 8 times so if gives breakout that will healthy breakout. Global cue should support market direction
NSE:KOTAKBANK
by pramodchoudhari
Vinati Orgncs: Gearing Up for big move.Vinati Organics has been consolidating for 2 years in a unique supply-demand conversion zone. In the first year, it traded in a rectangle pattern, making higher highs. Later, it underwent a trend reversal, forming a triangular pattern with lower highs. Throughout this period, it held one support level, as its visible from chart. Today, it made a good move and retested its resistance. If it breaks its trend line with volume tomorrow, it could be an excellent opportunity to add some positions. The chemical sector has been going through a correction phase, but now it seems promising to invest in. We can take a long position in this stock with a potential target of at least 20%. To manage risk, we'll set a reasonable stop loss of 15% Buy-1960 Target- 2350 StopLoss- 1650 If your thought also aligns with this analysis do consider boosting this. Note- Do your own Analysis before investing.
NSE:VINATIORGALong
by BullishLine
2
Thomas Cook : Swing Trade / Momentum Trade#thomascook #swingtrade #momentumtrade #breakouttraade #swingtrading 📌 Thomas Cook : Range Breakout Swing Trade / Momentum stock >> Bullish structure along with Volume contraction seen on charts >> Good strength in stock >> Wait for Levels to break Swing traders can lock thier profits at 10% and keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:THOMASCOOK
by moneyfesttrading
Breakout in MMTC.NMTC was stuck in a downward rectangular pattern for over 2 years, with lower highs and lower lows. Now, it's trading at a 40% discount. But in the last 4 months, it started going up, breaking out of the pattern. However, it's now in a smaller rectangle outside the breakout point. We need to wait for it to break out of this new pattern too. Once the price reaches 37.5 and stays above that level, then only we can enter the trade. Our target is 43, and we'll set a stop loss at 32.5 to manage the risk.
NSE:MMTC
by BullishLine
ANDHRA PAPER READY TO PRINT MONEYPATTERN - 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 coast paper which itself is a excellent company the profits and OPM of andhra paper are highest ever which compells more confidence in the stock
ALong
by keshavmaharaj958
Significant breakout in BHARAT FORG.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. The company is witnessing its highest sales ever, and its fundamentals seem promising. >>Now, talking about the breakout, even after breaking the trend line, its volume was not up to the mark. Entry. >>The entry would depend on two scenarios: First, we can wait for the candle to pull back a little; if it does, it could be a great time to take a position. >>Secondly, if we find that instead of coming down, it is sustaining above, it could again be a good time to consider aggregation. >>There's a strong trendline above the breakout line. There's a good chance that it might retest the larger trendline. We can aim for a 10% gain while setting a 10% stop loss. Additionally, I've noticed that some people become impatient when the price starts moving sideways. Always remember the reasoning behind your trade and stick to it. Stay disciplined, and make sure you have a proper stop loss in place. If you find this information useful, please consider giving it a thumbs up. If you have any suggestions or questions, don't hesitate to ask in the comments section. Needless to say this was for completely educational purpose do consult your finance advisor before investing.
NSE:BHARATFORG
by BullishLine
2
Swingtrade in CESC.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 breakout in daily timeframe. If the price breaks out with high trading volume and stays above the line, it's a good signal to start trading. We can go long (buy) and aim for at least a 18% gain from our entry point. Buy- 79 Targets- 94, 96.5 Stoploss- 74 Please note I am not SEBI registered. Do consult with your Finance adviser before investing. #SwingTrading #technicalAnalysis
NSE:CESCLong
by BullishLine
3
Bharat Forge Cmp 898 Rectangle BO, RSI BO, HLBharat 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 license for small arms and ammunition by the Ministry of Home Affairs under Arms Rules, 2016. It is just a view, please trade at your own risk.
NSE:BHARATFORGLong
by SHEETAL_UDESHI
6
A remarkable breakout in Escorts KubotaWelcome 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 movement. >> In terms of fundamentals, the company is achieving its highest-ever sales and profits. >>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock. Entry & Targets- >>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock. >>We will place our stop loss below the breakout candle at the 2500 level. >>Considering the promising growth, we can take a long position in this stock. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESCORTSLong
by BullishLine
2
Huge breakout in Morganite crucible.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 resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this time, it found support at its pivot point, resulting in a significant bullish candle that broke through the resistance with strong momentum and higher volume. We can anticipate a higher returns as consolidation phase was really long. Entry and Stop-loss level. Currently, the stock is trading above the trend line and maintaining its bullish trend. If this upward movement continues and remains above the line, particularly beyond the R2 level at 1246, it could be a favorable time to consider investing in this stock. To manage risk, setting a stop loss just below the R1 level, around 1130, is recommended. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
BSE:MORGANITE
by BullishLine