At breakout stockThis stock has broken its consolidation phase, it has taken support of its 200 EMA. If it sustains at this level then a big move is expected of bout 20%.
Rectangle
Morepenlab consolidation breakout above 95 tgt-120++morepen lab currently consolidating in a range
last six qoq profits are good
it took support around 70-75 once close above 95 can make a good move
Disclaimer- Just my view and opinion trade at your own risk not an investment advice
these are only for educational purposes
EMSLIMITEDEMSLIMITED
Bullish Pennant.
Trendline Breakout.
Closed near the Rectangle breakout High.
Good for long.
TIMETECHNOTIMETECHNO
Rectangle Breakout after two and half months.
Volume was good .
Can see good upmove.
Lets see.
OFSS watch for a breakout of Base.Good pattern.
-Trying to break out of the box.
-Inverse H&S on DTF
-Narrow range inside candles on DTF.
-Dry volume
Breakout traders wait for a breakout of the base. Positional traders can look for building positions given in the chart.
The view and chart are shared just for educational purposes. Please do your research before investing.
Wabag forming Base on Base- Watch for a breakout. Forming a good structure, base on base with good narrow candles forming in DTF. Add to your WL and watch out for a breakout.
The risk is 15%
The reward is 18.45%
RR: 1:1.2
PARADEEPPARADEEP has made the rectangle breakout on 30th Oct 2024. Today , it has given the trendline breakout with volume support. I'm expecting good up move in this stock.
JASHJASH ENGINEERING has given the ATH breakout with good volume.
Can see good upmove in this stock.
CRISILCRISIL chart is trading above ATH level. It break the the level 5260 on 30the Oct 2024 and now trading at same level from last 3 weeks. Aggressive traders may buy at this level , otherwise buying above 5600 looks good for entry.
GOLDIAMGOLDIAM chart is trading in the range of 305-400 from last 68 days.
We can see good upmove above 400 level.
Lets see.
ORIENTHOTELOrienthotel has given the continuation rectangle breakout with good volume.
Can see good upmove in this stock.
Darvis Box breakout This stock has been in a consolidation since being listed, hence has broken its range.The future target is set through Fibonacci. I hope it’s helpful
Electcast at a support level and offers good RR.Electrosteel Casting. Reversing from support.
- Offers good RR.
-Can be a good swing pick.
Risk- 16%
Reward-40%
RR: 1:2.5
Tweak the SL and Tragets as per your trading style and risk appetite. This is just a view and is not a trading advice.
Affle Broke out of consolidation!Affle broke out of a long consolidation.
-Good pattern
-Good Volume
Looks good from CMP, or wait for a retest of breakout level.
CMP: 1469
Indamedco watch for a base breakout.
Watch for a breakout of the base. It looks good for building positions.
Risk is 20%+ tweak the SL as per your risk appetite.
Position size properly since the SL is very deep.
Tata Motors Intraday Ideas for December first wek 2024hi! this is Kapil,
Traders know the Secret of intraday trading in Tata Motors.
One candle close above with volume will result into targets
of both sides in Tata motors in 2024 Dec first week.
Disclaimer - Before making any actual investment or trading decisions, it is strongly recommended that you consult a qualified broker or financial advisor.
Lyka Labs Ltd. 155 [LYKALABS]– Rectangle Pattern (2.5 Years)
1. Rectangle Pattern Overview
- Formation Details:
- The stock exhibits a 2.5-year rectangle pattern, a classic consolidation pattern indicating indecision between buyers and sellers.
- The resistance is clearly identified at ₹160, with multiple failed attempts to breach this level.
- The support zone lies between ₹135-₹140, reflecting consistent buying interest at these levels.
- Significance:
- This prolonged consolidation signifies accumulation, often a precursor to a significant breakout.
- A breakout above ₹160 would indicate renewed bullish momentum, with the potential to target higher price levels.
2. Volume Analysis
- Volume Trends:
- Volume has shown signs of strengthening as the price approaches the upper boundary of ₹160, indicating increased market participation.
- A breakout above ₹160, accompanied by a volume surge, would confirm the bullish move.
- The rising volume during recent price advances underscores growing investor interest and potential accumulation.
3. Key Levels
- Resistance Levels:
- ₹160: Critical breakout level; a decisive close above this will trigger a bullish rally.
- ₹200-₹240: Post-breakout targets based on the height of the rectangle pattern.
- Support Levels:
- ₹135-₹140: Strong support zone and the lower boundary of the rectangle. A breach below this level would invalidate the bullish setup.
4. Price Target Calculation
- The height of the rectangle pattern (₹160 - ₹135 = ₹25) is added to the breakout level:
- First Target: ₹185
- Extended Targets: ₹200 and ₹240
5. Price Action Highlights
- Recent Price Movement:
- The stock is trading near its upper boundary, indicating pressure on the resistance level at ₹160.
- The gradual higher lows within the rectangle indicate a bullish bias as buyers gain control.
- Candlestick Patterns:
- The recent bullish candlesticks reflect buying strength, with minimal selling pressure evident.
- Strong bullish engulfing patterns near support zones further validate the presence of demand.
6. Trade Setup
- Breakout Trade:
- Entry: Above ₹160 on confirmed breakout with high volume.
- Targets:
- Short-Term: ₹185
- Mid-Term: ₹200
- Long-Term: ₹240
- Stop Loss: ₹140 (below support zone) to manage risk.
- Pullback Opportunity:
- If the price retraces after the initial breakout, the ₹160 level could act as a support for a retest, providing a better entry point.
#Trading #Investing #TechncialAnalysis #Stocks
Prajindustries All set for a breakout?
✅Bullish Engulfing from support levels.
✅Good Volume
✅Dry volume when pulling back.
✅Trading above Key DMAs.
❗️Positional SL is very deep(20%)- Adjust SL as per your appetite and position sizing technique.
Position sizing is very important if you are building positions.
Aggressive trader's SL after the breakout is 761 closing basis.
The view is personal. Please do your due diligence before trading. This is not a buy-sell recommendation.
We missed the ideal entry when the stock broke out of the trendline area ( 718-19 range)
-Market Cap₹ 14,798 Cr.
-Current Price₹ 803
-Stock P/E 53.2
-ROCE29.3 %
-ROE23.3 %
Modulex Construction Technologies Ltd. Based on Rectangle Patter
1. Pattern Analysis
- Rectangle Pattern:
- Timeframe: 5 Years
- Description: The stock has formed a rectangle pattern, with a well-defined resistance at ₹24 and support at ₹8. This long-term consolidation suggests significant accumulation and potential for a substantial breakout.
- The breakout above ₹24 signals a shift in sentiment, with the potential to transition into a strong bullish phase.
2. Volume Analysis
- Volume Behavior:
- Volume remained subdued during the consolidation phase, characteristic of accumulation within a rectangle pattern.
- A surge in volume accompanying the breakout above ₹24 confirms strong buying interest and validates the breakout.
3. Price Action Analysis
- Resistance Levels:
- ₹24: The breakout level and key resistance.
- ₹30–₹35: Immediate upside target zone based on the rectangle pattern projection.
- Support Levels:
- ₹18–₹20: Likely pullback or retest area post-breakout.
- ₹8: The lower boundary of the rectangle and a critical long-term support level.
- Candlestick Behavior:
- The breakout is marked by a strong bullish candlestick with a close near its high, indicating strong momentum.
- Higher highs and higher lows in recent sessions confirm the bullish trend.
4. Validation of Bullish Signal
- The breakout above ₹24 is supported by significant volume, affirming the credibility of the move.
- The long 5-year consolidation adds robustness to the breakout, as longer patterns tend to yield stronger trends.
5. Target Setting
- Rectangle Pattern Target:
- Height of the rectangle = ₹24 - ₹8 = ₹16.
- Target = ₹24 + ₹16 = ₹40.
- Incremental Targets:
- Target 1: ₹30 (+25% from ₹24).
- Target 2: ₹40 (+66% from ₹24).
6. Entry and Stop Loss
- Entry Levels:
- Primary Entry: Above ₹24 after confirmation of the breakout.
- Pullback Entry: Near ₹18–₹20 if the stock retests the breakout level.
- Stop Loss:
- Place a stop loss at ₹18, below the retest zone.
7. Trade Setup Summary
- Entry Levels:
- Above ₹24 for breakout traders.
- Near ₹18–₹20 for pullback traders.
- Targets:
- Target 1: ₹30 (+25%).
- Target 2: ₹40 (+66%).
- Stop Loss: ₹18.
8. Final Notes
Modulex Construction Technologies Ltd. has confirmed a breakout from a long-term rectangle pattern, with a strong surge in volume supporting the move. This breakout indicates a shift in sentiment, making the stock attractive for momentum and swing traders. Monitoring the retest zone around ₹18–₹20 is recommended for optimal entry.
Kiri Industries Ltd. Based on Rectangle Pattern Breakout1. Pattern Analysis
- Rectangle Pattern:
- Timeframe: 8 Years
- Description: The stock exhibited a prolonged consolidation within a rectangle pattern, with a well-defined resistance at ₹640 and support at ₹240. This extended period of consolidation reflects equilibrium between buyers and sellers over a long duration, indicating a potential for a significant move once the breakout occurs.
- The breakout above ₹640 signals a strong bullish trend, breaking the resistance level after years of indecision.
2. Volume Analysis
- Volume Behavior:
- During the consolidation phase, volume remained muted, reflecting a lack of strong interest from participants.
- A sharp spike in volume during the breakout above ₹640 confirms the validity of the breakout, indicating substantial buying interest and participation from institutional investors or larger market participants.
3. Price Action Analysis
- Resistance Levels:
- ₹640: The breakout level, now acting as a strong support.
- ₹800 (Target 1): The intermediate target based on the initial bullish momentum.
- Support Levels:
- ₹500–₹520: Key area to watch if a retracement occurs.
- ₹400–₹450: Long-term support if the breakout fails.
- Candlestick Behavior:
- The breakout candlestick is strong and bullish, closing near the highs with significant volume, which reinforces the upward move's strength.
4. Validation of Bullish Signal
- The breakout is supported by heavy volume, confirming genuine buying interest rather than a false breakout.
- The 8-year consolidation phase adds to the breakout's significance, as longer consolidation phases tend to result in more substantial price movements when the breakout occurs.
5. Target Setting
- Rectangle Pattern Target:
- Height of the rectangle = ₹640 - ₹240 = ₹400.
- Target = ₹640 + ₹400 = ₹1,040.
- Incremental Targets:
- Target 1: ₹800 (+25%).
- Target 2: ₹1,040 (+62%).
6. Entry and Stop Loss
- Entry Levels:
- Primary Entry: Above ₹640 after breakout confirmation.
- Pullback Entry: Near ₹500–₹520 if the stock retraces to retest the breakout level.
- Stop Loss:
- Place a stop loss at ₹500, just below the breakout level and a key support zone.
7. Trade Setup Summary
- Entry Levels:
- Above ₹640 for momentum traders or near ₹500–₹520 for swing traders.
- Targets:
- Target 1: ₹800 (+25%).
- Target 2: ₹1,040 (+62%).
- Stop Loss: ₹500.
8. Final Notes
The breakout of Kiri Industries Ltd. from an 8-year rectangle pattern marks the beginning of a significant bullish phase. The breakout is well-supported by volume, indicating strong market participation. A pullback to the ₹500–₹520 zone would offer an attractive entry for long-term investors. Sustaining above ₹640 will be crucial for the uptrend to remain intact.
