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HCLTECH: Swing: 1D 14-Oct'24HCLTECH: Swing: 1D 14-Oct'24 Stock has been in an uptrend since around 27-Jun'24 Starting 02-Sep'24 the uptrend has paused and the stock has been trading in a range. Marked on charts. ADX ~ 17 also confirms range bound trade The stock broke the trend on 11-Oct'24 with volumes greater than 50 SMA. The stock has taken support at 9 day SMA. It also crossed over it just 2 days ago. All +ves Entering long @ 11-Oct'24 close 1839.65 Target = Trading range height + resistance = 102.85 + 1824.35 ~ 1920 Stop Loss = 1 ATR below the resistance = 1824.35 - 39.65 = 1784.70 Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA Risk:Reward = 1.46:1
NSE:HCLTECHLong
by ramanarvind
1
INFY: Consolidation near ATHThe stock is consolidating neat ATH where as overall IT sector is on the up-move. This stock is just gathering all power to break and sustain it's ATH. Till now there is no closing above the consolidation but once it is there, this stock has all potential to move up to 2500 levels. DISC: The publication idea is just a technical analysis and should not be considered a buy or sell recommendation. Please consult your financial advisor before taking any trade.
NSE:INFYLong
by trade_opportunities
1
Stock Opportunity: Reliance Consolidation BreakoutBack in December 2023, Reliance gave a major breakout after a 2-year consolidation period and has since rallied 23%. Currently, the stock is trading near its previous breakout level, from which it reversed three times in the past, signaling a potential opportunity for further upside. However, investors should be cautious as the stock is trading below its 200 EMA on the daily timeframe. While the fundamentals remain strong, it's essential to keep an eye on technical levels and manage risk accordingly. Stay informed and trade smart! 📊⚠️
NSE:RELIANCELong
by TechnoTrader10
Stock Opportunity: Geojit Finance LtdHey everyone! 🌟 Geojit Finance Ltd. has recently given a multiyear breakout and is now in a phase of range contraction. What's interesting is that volume is dropping, which is typically a healthy sign of consolidation. On top of that, the fundamentals look strong and the company is expected to deliver a good quarter ahead, which could further fuel its momentum. Here's what we’re watching for: 📉 Volume contraction – Signaling reduced selling pressure. 📊 Potential breakout – Keep an eye out for the next move to position ourselves! 💹 Strong fundamentals – Supporting long-term growth potential. I'll be monitoring closely, and it might be a good time to do the same if you're interested. 🚀 #StockMarket #GeojitFinance #BreakoutStocks #InvestmentOpportunity #StockAlert #Fundamentals
NSE:GEOJITFSLLong
by TechnoTrader10
COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider: Identifying a Range Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance. Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market. Types of Breakouts Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend. Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend. Confirming the Breakout Volume: A breakout accompanied by high trading volume is more likely to be genuine. Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point. Trading Strategies Entry Point: Enter the trade when the price breaks out of the range with significant volume. Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout. Target: Set a target based on the height of the range added to the breakout point.
NSE:COLPALLong
by Faizgazi
Rectangle Channel Breakout - VESUVIUS INDIAOverview of Company : The company's products include shaped refractories like shrouds, stoppers, pre-cast products, nozzles, and crucibles. It also includes unshaped refractories like castables and taphole clay. It also offers repair and maintenance services for its refractories. Technical Aspects to be learned from this chart : 1. This stock price formed Rectangular channel pattern from almost more than 5 months. 2. Stock gave a powerful breakout with bullish candle closing above 52W indicating bullish momentum in the stock 3. Volume burst gives us additional confirmation to consider the bullish trend. 4. This stock starts it uptrend from 15 april and almost continued to bull run almost a month and started consolidating. 5. Consolidation after a quick run up was always a good sign for the stock to continue its trend. Risk reward ratio : We can expect 2:1 risk reward in this setup. Note : It's always good to wait until the stock price retest the breakout support zone.
NSE:VESUVIUSLong
by Breakout-Ideas
Asian Paints - Consolidating beautifully !!!Asian Paints is a large cap stocks and a market leader in paint industry. It has been consolidating beautifully, and we can see it moving towards ATH. Other factors: 1. RSI is improving 2. Steady volumes showing consolidating in a range 3. High delivery ratio from quite some-time 4. TTM topline and profitability is second best as compared to prior years 5. DIIs have increased stake "Cleaneasycharts" Learning & Earning!!! Cheers!!!
NSE:ASIANPAINTLong
by Cleaneasycharts
BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH MONGTH SEPTEMBER In day timeframe chat a rectangular structure is showing on bitcoin And it’s already breaked the rectangle support zone So according to the data the current structure showing The overall September market should must be bearish due to Technical analysis The fall should be a huge fall It must be 13000 point fall due to The support zone at 43.700 So invested and trader be ready a huge fall is going to occur soon in bitcoin
CRYPTO:BTCUSDShort
by tradergyan01
2
GAIL -Symmetrical Triangle -Near BreakoutGAIL -Symmetrical Triangle -Near Breakout Name - GAIL Pattern - Symmetrical triangle Timeframe - Daily Status - Near breakout Cmp - 237 Target - 266 - need to close above 240 SL - 232 Pattern: A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Fundamental: Here are some key fundamental ratios and metrics for GAIL (India) Ltd.: Market Cap: ₹156,284 Cr Current Price: ₹235.00 Price-to-Earnings (P/E) Ratio: 13.84 Price-to-Book (P/B) Ratio: 2.03 Return on Equity (ROE): 13.96% Dividend Yield: 2.31% Net Profit Margin: 22.88% Debt-to-Equity Ratio: 0.248 GAIL is a leading natural gas company in India, with extensive infrastructure including over 11,500 km of natural gas pipelines and multiple LPG gas-processing units.
NSE:GAILLong
by VCharts_TA
WHIRLPOOL: Potential Rectangle Breakout A rectangle pattern is a technical chart pattern characterized by two horizontal trendlines, one representing resistance and the other support, with the price oscillating between them. A breakout from either side of the rectangle can indicate a potential change in trend. Wait for Breakout: Monitor the price action near the 2200 level. If the price breaks above 2200 with increased volume, it could be a strong signal to enter a long position. Stop-Loss: Place a stop-loss below the recent low or the lower trendline of the rectangle. This will help limit losses if the price reverses direction. Profit Targets: Use T1 (2300) and T2 (2400) as potential profit targets. However, consider trailing the stop-loss as the price moves higher to protect profits. Entry Level: 2200: This is likely the breakout level from the rectangle. If the price successfully breaks above 2200, it could signal a bullish uptrend. Target 1 (T1): 2300: This is the first potential target after the breakout. If the price reaches 2300, it could indicate a continuation of the uptrend. Target 2 (T2): 2400: This is the second potential target, suggesting a more significant price increase. Disclaimer: This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:WHIRLPOOLLong
by supertraders_india