JindalSaw: Parallel Channel Breakout with high volumeNSE:JINDALSAW gives a high volume parallel channel brekeout.
Trade:
BUY above 105, SL: 103 T: 108/110
SELL below 100, SL: 103, T: 97/95
Rectangle
Stock Is at its breakout and retest. Can give good opportunity.Gave a flat base breakout and at its retest point if it sustains above neckline and EMA it is a candidate of good swing opportunity. Keep in Radar.
NIFTYINFRA | LIFE HIGH BO after 65Week Consolidation |30% UpsideNSE:CNXINFRA
BOX Consolidation of 65 Weeks and LIFETIME HIGH BO with Volume
CMP trading above all major Weekly Exponential Moving Avgs
RSI in Bullish Zone
Tgt: 5900 - 6200 - 6800
SL : 4900
Upside Potential : 30%
Time Frame : 3 - 12 Months
How to know that a double top or bottom will failHello Everyone as you can see here we have made two lines at the top and two lines at the bottom of the same height and you can see how it worked very well and told you very early that where it could be down and have to be cautious but it doesn't mean that everytime you find something like this you should be cautious at there and ready to exit and take the profit. Hope you get something new to learn if than pls like and follow us thanks bye.
Fact- Rectangle PatternNSE:FACT 153
1. Rectangle pattern formation (TF- Feb 2021 to Dec 2022 - 22 Months) & (Range- 85 to 152 Levels)
2. Breakout with some strong volume & Price
3. Support near 140 level (Swing Low)
4. Resistances 175 to 200 (Psychological Resistance)
5. Volume bounce during an uptrend in last 1 month.
#TechnicalAnalysiswithMrChartist
Double bottom breakout - Long positionStudy:
1. Double bottom breakout with good volume in Daily chart
2. Rectangle pattern breakout in 1 hour chart
3. Good support from 200 EMA
Targets and SL are shown on the chart
Breakout on Apollo TyreIn this chart, I have found a breakout on Apollo Tyre. price faced resistance the market zone on Sep and Nov. Hence, these zones are now to be treated as important support zone. But still it is a simple analysis only and not an recommendation. Please do trading / investing with your own respnsibility. This post is only for educational purpose.
Clean Science Cmp 1524 dated 18-11-2022 BOTTOM CATCHClean Science Cmp 1524 dated 18-11-2022
BOTTOM CATCH Trading & Investment
1. Reversal from near the Support Line
2. 25 % correction done from recent high, price
reversal sign.
3. Volume Rise
4. RSI BO & GOOD RRR
Buy @ CMP for target 1560-1625-1695-1740-1790 SL 1475
Fundamental Points :
1. Debt Free Company.
2. Promoters, FII's & DII's altogether has 77.50 %
holdings. (Strong Hands).
3.Company has a good return on equity (ROE) track
record: 3 Years ROE 40.4%
4.Company has delivered good profit growth of
37.3% CAGR over last 5 years
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
RADICO: Very Bullish candlestick breakoutNSE:RADICO is breakout ready because of:
Continuous bullish candle formation with increasing volume and thus breaks out the rectangular consolidation zone.
A triangle patten formation is clear
Volume is very high (actually heighest)
RSI is just crossing 70 mark (OB region)
Trade : Buy above 1152, SL: 1120, T: 1185
Sell below 1100, SL: 1120, T: 1075
SOBHA: Intraday Rectangular BreakoutReason: A 15 days range breakout in 30m chart with very high volume spike.
Trade:
BUY at 640.
SL: 625
T: 655/670.
JindalSteel: Bullish Breakout ReadyNSE:JINDALSTEL is in Bullish breakout ready.
Overall Steel Shares are showing momemtum.
Reasons:
Rectangle breakout and sustaining the breakout.
Consecutive two days of high volume.
RSI based momentum is above 75 and constantly rising.
Trade: Buy above 568, SL: 560, T: 572/580
Sell below 540, SL: 550, T: 534/525.
DCB Bank- Rectangle PatternNSE:DCBBANK 136
1. Breakout in Rectangle Pattern after 2 Years Consolidation
2. Breakout with strong upside in candlesticks in last 4 days
3. Support near 115.00 level (Swing Low)
4. Resistance levels 170-190 level (recent High)
#TechnicalAnalysiswithMrChartist
KRBL- Curve PatternNSE:KRBL 433
1. Stock at fresh breakout after 5 Years long Range
2. Pole & Flag pattern breakout in Daily Chart
3. Bullish Candlestick with strong volume
4. Next resistance at 560 (Swing High)
5. Support at 377 level (Swing Low or Flag's Low)
#TechnicalAnalysiswithMrChartist
Equitus Small Finance Bank: Breakout with volumeNSE:EQUITASBNK shows bullishness because of:
A clear rectangular consolidation brakout
High volume
The daily candle is bullish engulfing with the low touching the bottom of the channel (but still able to pass the mid point, near to top channel)
Trade: Buy above 58, SL: 56, T: 65/68
Sell below: 54, SL: 57, T: 51/48
Alkali- Rounding Bottom PatternNSE:ALKALI 135
1. Chart Formed long Rounding Bottom pattern with 11 years data
2. Price trading inside the Pole and Flag pattern with is above breakout in RB
3. Breakout above the 145. level in the chart
4. Upcoming levels to watch post breakout near 200-260
5. Support near 100-110 level.
#TechnicalAnalysiswithMrChartist
NACL: Rounding Bottom Breakout with volumeNSE:NACLIND is showing bullishness because of:
A 6 months long rounding bottom breakout with very high volume sprout
A recent rectangular breakout.
High volume buildup in last 3 sessions, the build up is increasing.
Trade: Buy above 100, SL: 96, T: 105/107.50
JKTyres: Range BreakoutNSE:JKTYRE is showing a good range breakout with very high volume spout.
The symmetrical triangle as well as rectangular range is broken out with high volume.
Trade: Buy above 199 (today's closing), SL: 188 (today's 61.8% Fib Range), Target: 205, 210 (Higher order Fibs)
IT WILL ALWAYS GIVE RELIANCE Reliance is looking good on weekly chart by breaking falling trendline resistance after long time and gives a positive crossover divergence on MACD indicator too so we can see coming bullishness in this fundamentally strong counter.
Cause of long-:
1- Falling resistance trendline breakout.
2-MACD breakout.
Kirloskar Brothers : Classic NR7 Breakout #KIRLOSBROS showing a text book example of NR7 Breakout with Huge Volumes
>> Good Strength in Stock
>> Good Volume Participation
>> Try to enter at retracement (if any) near safe entry Levels, or else immediately
Happy Trading !!!
17 Years Multiyear Rectangle Consolidation Breakout at RCF 17 Years #Multiyear Rectangle Consolidation #Breakout at #RCF (Rashtriya Chemicals & Fertilizers Ltd) Weekly Chart. Its #Outperformed #Nifty
What Is a Rectangle?
A rectangle is a pattern that occurs on price charts. A rectangle is formed when the price reaches the same horizontal support and resistance levels multiple times. The price is confined to moving between the two horizontal levels, creating a rectangle. The concept of a rectangle is similar to a Darvas Box.
KEY TAKEAWAYS -
1. A rectangle occurs when the price is moving between horizontal support and resistance levels.
2. The pattern indicates there is no trend, as the price moves up and down between support and resistance.
3. The rectangle ends when there is a breakout, and the price moves out of the rectangle.
Some traders like to trade the rectangles, buying near the bottom and selling or shorting near the top, while others prefer to wait for breakouts.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
ESCORTS: RANGE BREAKOUT WITH HUGE VOLUMEESCORTS: RANGE BREAKOUT WITH HUGE VOLUME
Buy above 2208, Can achieve 2250/275/300 in short term
Intraday : Keeping Trailing SL for max gains
Disclaimer: Im not SEBI registered, Contact your financial advisor before any investment.
SHERVANIBOX PATTERN / RECTANGLE PATTTERN
32 months of consolidation happening (from March 2020) in the range of 186_419 after a Break Out Retest. Seems like stock is waiting for some big trigger.Can blast one sided, once it sustains or MCB above 419.
Buy on sustain/MCB above 419 | WCBSL 264 | Tgt 550 / 650 / 750+
(or)
Buy around 340_270 | WCBSL 170 | Tgt 550 / 650 / 750+
6.9 Years Multiyear Rectangle Consolidation Breakout at JTEKT6.9 Years #Multiyear Rectangle Consolidation #Breakout at #JTEKTINDIA (JTEKT India Ltd) Weekly Chart. Its #Outperformed #Nifty.
What Is a Rectangle?
A rectangle is a pattern that occurs on price charts. A rectangle is formed when the price reaches the same horizontal support and resistance levels multiple times. The price is confined to moving between the two horizontal levels, creating a rectangle. The concept of a rectangle is similar to a Darvas Box.
KEY TAKEAWAYS -
1. A rectangle occurs when the price is moving between horizontal support and resistance levels.
2. The pattern indicates there is no trend, as the price moves up and down between support and resistance.
3. The rectangle ends when there is a breakout, and the price moves out of the rectangle.
Some traders like to trade the rectangles, buying near the bottom and selling or shorting near the top, while others prefer to wait for breakouts.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
