Bikaji BOX breakout Consolidated from last 1 month.
Box breakout with good volume.
Fundamentals and Q1FY24 concall points looks promising.
Rectangle
MTAR: Round bottom and Range BreakoutMTAR 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 RECTANGLE BREAKOUTIndian Hotel breaks rectangle
with huge volume
trading above all key ema
educational idea only
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.
Mphasis BreakoutMphasis - 1 year range breakout with heavy volume. Also flag breakout in short term.
Target 1 - 2500
Target 2 - 2560
SL - 2425
Educational Discussion Only
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
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.
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.
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.
VIP INDS Cmp 680 Volume Rise, Rectangle BOVIP 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.
BOMDYEING- Rounding Bottom PatternBreakout 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 consolidation between the recent range 140 to 90 levels
#TechnicalAnalysiswithMrChartist
Remarkable Breakout in MPS LTD.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.
>> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot of juice has still left.
Sales and profits are also looking promising.
Now question comes, How to trade in this zone as it has already shown significant moves ?
So, Checks these pointers out to understand it.
>>Either we can take entry while it retraces back to its BZ level or it gives a good upward move after little accumulation.
>>IF it comes back all the way to 1460 that would be our trigger point.
>>Now in second scenario if it does not give a pull back then we will wait for little consolidation and if we find a sort of engulfing type green candle then also we can think of taking entry.
STOP-LOSS.
Now stop loss would be deferent in both the scenarios.
First scenario: Buying at Breakout Zone- we can go with 5% of stop loss.
Second scenario: Buying higher level- In this case we will have to with higher stop loss, that would be 12%.
Targets totally depend on your patience level.
If you find this analysis helpful, please consider boosting 🚀 it. If you have some suggestions and any question please post in comment section.
Please note- I am not SEBI registered, so do your research before investing.
Cipla Long. 15 Min Timeframe. Range Breakout.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 FramePFC 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.
PIIND Long. 15 Min Time Frame. Range Breakout.In 15 Min Time frame. PIIND has given breakout from a range.
20 EMA Support is also there.
Plan for 1:3 Target.
After that trail SL for higher targets.
TRENT RECTANGLE BREAKOUTTRENT breaking out a range box
with huge volume bullish RSI
and MACD crossover
educationa idea only
Medanta Cmp 691 Bullish Engulfing @ supportMedanta Cmp 691 dated 7-8-2023
1. Bullish Engulfing @ support (engulfed last 3
candles)
2. Volume Rise
Buy above 700 target 710-730-750-775-800
SL 650
It is just a view, please trade at your own risk.
bajaj electricals long consolidation break out might be near bytarget would be breadth size of the box
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
HDFC SHOULD REBOUND HDFC has taken a crucial support at 1628 level and can given good returns it does not breaks the support
SULA VINEYARDS HIGHER HIGHSTHE Fundamentals are a major concern but a technical opportunity can be identified . the stock is moving in a channel of making higher highs 576 can be immediate target
Nifty 50 Nifty 50 important level for intraday on 15 min TF for 02/08/2023.
Wait for the breakout of the box on 15 min and enter with reduced quantity till the closing of hourly candle out of the box. Once hourly candle closes out of the box then we can enter after pullback confirmation on lower timeframes.
NTPC for swing trade.NTPC, which has been consolidating for over 2 years, has the potential to experience a breakout with strong momentum. As visible from chart it has made a rectangular channel pattern where it has retested it's support and bounced back over and over again.
Today, the stock has reached its resistance level and formed a positive candlestick. If the stock breaks the resistance and sustains above this line, it could be an opportunity to take position.
#StockMarket #technicalAnalysis #NSE #NTPC #Swingtrading
