Rectangle
Bullish Breakout Setup - Darvas Box PatternChart displays a compelling Darvas box pattern, indicating a consolidation phase and potential breakout opportunity.
Long-range accumulation signals growing investor interest and positions being built for a potential upward move.
Key Points:
Darvas Box Pattern: Recognized consolidation pattern, suggesting a breakout in the prevailing trend direction.
Volume Analysis: Notable volume buildup near the breakout zone, with expectations of volume expansion post-breakout, indicating increasing market participation.
Resistance Levels: Anticipate potential resistance at R(1) and R(2) post-breakout; monitor how the price reacts at these levels.
Trade Idea:
Consider a long position upon confirmed breakout, ensuring sustained volume and price action support the bullish move.
Use proper risk management techniques to mitigate potential downsides.
Regularly monitor price action, especially around resistance levels, for further confirmation and adjustment of the trade.
SUNPHARMA - Multiyear BO StockSUNPHARMA - Multiyear BO Stock. BO happened after 8 years with Bullish Marabouzo candle at Monthly TF. As per patteren TGT stock can touch 1800 in Coming future.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
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RastogiG
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Disclaimer and Risk Warning.
I am not Sebi registered analyst. The analysis and discussion provided on in.tradingview.com
is intended for educational purposes only and should not be relied upon for trading decisions. RastogiG is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RastogiG does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Indian Hotels Swing AnalysisNSE:INDHOTEL
Indian hotels Ltd.
Swing Entry close above- 330.5
1. Price took support at the daily trend line, and bounced.
2. Fib retracement level of 50%
3. A close above 330.5 will trigger a bullish continuation as the price has formed a rectangle range, forming a base for a major move.
Next resistance is around 348 if it breaks then 387 And followed by 432 can be used as targets.
This is only for educational purposes only.
Always trade with stop-loss.
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Marvelous Volume in Breakout...MACROTECHDEVELLOPERS.Why to trade? for long term only
1. Break out pattern
2. Heavy volume at Breakout
Thanks for Day Trader Telugu and other masters for helping me to learn Market.
I am not a SEBI registered Adviser,
please do your own analysis or consult
financial adviser for Entry, stop loss or
Target.