Rectangle
Icici bank - Flag breakoutNSE:ICICIBANK
context of breakout is more important than breakout itself
1) Breakout is happening at new ATH and 52 week high
2) Breakout is happening after a consolidation period of 2-3 weeks AFTER the stock ran up significantly.
this shallow pullback shows that despite the stock ran up, there are no significant sellers, stock is under institutional accumulation
Long - CMP
SL - 865
Targets - no targets, just keep trailing with swing lows and then 50 DMA
Breakout in AMARA RAJA BATTERIESBreakout in AMARA RAJA BATTERIES and look for retest to DZ for entry
DEVYANIROUNDING BOTTOM + RECTANGLE B/O RETEST
Buy @ cmp & in dips till 168 | Sl 135 DCB | Tgt 215 / 240 / 280 / 300
GMMPFAUDLR looks good for new life time high at CMP 1825/-Stock has given a nice breakout on weekly chart and can easily achieve new life time highs with SL of 1560/-
16 years high breakout in Royal Orchid Hotel16 years high as well as range breakout supported by Rounding bottom pattern breakout.
If breakout candle it is supported by volume in weekly chart then it could be much more stronger.
Stock has a potential to reach 440 level.
All time high was 261, now that level is broken.
For the further upside move stock has to close above 271 level with good candle and volume in a weekly chart.
235-250 Level must act as support now.
Ideal Stop loss will be 210.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:ROHLTD
VINATI ORGANICS | 1st year accumulation | expecting breakout Has been accumulating for more than a year in the range of 1750 to 2200, recently moved out of the range and has been consolidating.
Move can be expected above 2325, strong fundamentals, reporting good profits quarter by quarter
MUTHOOTFIN : INTRADAY SETUP NSE:MUTHOOTFIN
Intraday setup in Muthoot finance
For option levels are mentioned on charts.
trade with 11% stop loss
trade with decipline
keep learning happy trading
DM for more info.
INTRADAY CUM SWING PLAY IN - ESCORTS LTDNSE:ESCORTS
Forming a flag pattern
looking bullish above 1775
if manages to close above previous day high
use trailing stoploss technique to ride the wave.
keep learning
happy trading
thankyou
Ganesh Housing Weekly AnalysisBy this we get to know Importance of Technical analysis.
13 Years Channel Breakout Target 364.
After that 2 times consolidated and again it breakout with strong buyers . Recently also same Thing happened and going towards it 13 Years Channel Target that is 364
Even though market is correcting this stock look very strong technically.
Do your own analysis before taking any trade. This is just view not recommendation to trade.
NSE:GANESHHOUC
GNA Axles Cmp 637.45 dated 8-8-2022GNA Axles Cmp 637.45 dated 8-8-2022
1. Rectangle BO @ 645
2. Rounding Pattern.
3. Volume Rise.
Buy above 645 for a tgt of 690-750-780-840
SL 570
It is just a view, pls trade at your own risk.
Siemens India: Positive Breakout after a long hiatusBasis: Siemens has given a good box breakout after nearly 8 months consolidation and supposed to be looking good. Could touch 3000 soon. Based on the situation below spread can be created for Aug'22.
Idea: Bull spread. Buy 2900 CE 1 lot and sell 3000 CE 1 lot for R:R of 1:1.52.
SL: If Siemens starts breaking down below 2800 exit. (Dont hold for too long.)
Target: Exit with profit as soon as it touches 3000. (Dont hold for too long.)
If above is risky then one can buy Siemens in cash at current levels for target of 3000 with SL of 2790.
Thanks
(Above is for education purpose only. Pl consult your financial advisor before investing.)
Channel breakout in Kirloskar Oil EngiChannel breakout in Kirloskar Oil Engi.
Stock has a potential to reach 200-220 Range.
12 Aug we saw breakout candle with good volume.
For upside movement stock has to close above 180 range .
170 should act as immediate and important support.
Risk averse can keep 160 as SL. Risk taker can keep 149 as SL.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:KIRLOSENG
Finolex Pipes Cmp 143 dated 12-8-2022Finolex Pipes Cmp 143 dated 12-8-2022
1. Rectangle BO @ 142
2. Triangle Pattern
Buy for a tgt of 153-156-160 SL 135
It is just a view, pls trade at your own risk.
Ascending traingle formation in DixonChart is self explanatory. If 4000 breaks out with volume targets of 4800 can be achieved.
Thanks
BALAJI AMINES LTD - Bullishness?Balaji amines Ltd gave resistance breakout with Good volume and made a retest. One can go long above day high with stoploss below the retest low.
Disclaimer :- I'm not SEBI registered analyst. This is my personal view. Information given is for educational purpose only.
Do your analysis before investing.
Channel Breakout in Mold Tek Packaging?Stock was trading in a sideways channel, now it has given breakout with good volume.
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:MOLDTKPAC
KEI INDUSTRIES - WEAKNESS?Evening Star pattern has been formed near Trend Resistance inD1 Timeframe. Evening Star pattern shows a trend reversal if it's formed near resistance. In M30 timeframe, Head and shoulder pattern has been formed. So closing below 1350 may show some weakelness.
Disclaimer :- I'm not a SEBI registered analyst. This are my personal view. Information given is for educational purposes only. Do your own analysis before investing.
#SBINStock is consolidating in a range from 9 months.. can be accumulated at CMP 518 with SL 510.. for breakout above 530.. Target 630
Nifty Market Prediction for 8 August MondayIf you observe the market on 1h Time it's is in good range and if it gives breakout to that level, we can expect a good momentum either side.
And also you can take entry based on 5 minutes TF for intraday.
Before taking trade make a view, that will help in the trading.
