consolidation breakout trading opportunity stock in up-trend
the stock has broken out from consolidation in a weekly timeframe with volume
entry above the line
for-profit trail with daily pivot or 21-day moving average
stop below the line
the stock transition from stage 3 to stage 2 (ref stan Weinstein's secrets for profiting from bull and bear markets)
( not buy-sell recommendations thus is for my own learning purpose only )
Rectangle
NATIONALUM : LONG TERM STRUCTURENSE:NATIONALUM
Happy New Year in advance and farewell to 2023.
Today was the last trading day of the calendar year, and I hope you all have learned a lot and gained valuable knowledge.
We will continue to grow in 2024 and gain deeper insights into the market. Thank you for your trust and support.
Let’s make 2024 a great year together.
One More Pick For 2024 lets analyse it.
#NATIONALUM 3month Chart analysis. 📊
You can see the price is approaching the Major Resistance zone on the 3-month Chart.
With Long-term View I am expecting it to give more than 2x return Soon.
The Price has approached the Horizontal resistance zone with good volume confirmation and momentum building is great.
You can enter in a range of 120-130 (keep room for averaging at lower levels around 100.
Take a confirmation of the weekly candle close above its previous candle for adding more quantity.
Target levels are mentioned on chart. 📊
Keep learning,
Happy trading
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.






















