Darvas box setup breakoutVolume buildup in daily and weekly time frame.
Resistance turns support from 1330~40 zone.
Taken support 3 times from the above mention resistance zone.
Breakout of darvas box setup, wait for retest for conformation.
Note: I do my analysis, do yours before trade.
Rectangle
Darvas box setup breakoutVolume buildup in daily and weekly time frame.
Resistance turns support from 1330~40 zone.
Taken support 3 times from the above mention resistance zone.
Breakout of darvas box setup, wait for retest for conformation.
Note: I do my analysis, do yours before trade.
HDFC AMC Ltd Cmp 3875 Rectangle BO & Rounding Pattern BOHDFC AMC Ltd Cmp 3875 dated 16-2-2024
Weekly Chart (Investment Idea)
1. Rounding Pattern BO @ 3880
2. Rectangle Consolidation BO @ 3880
Buy above 3880 & dips till 3700 tgt 4000-4200-4400-4600-4800-5000-5200 SL 3550
Pattern Target is 6000 SL 3300
AMD to 185, then 200. NFAAMD is looking bullish. Good volume bottoms, a nice support retest in extended hours in preparation for markup. Looks like a good entry for calls. This isn't financial advice or recommendation. just an idea to share in words
I like $200 and $210 strikes for April19th expiry the most. Will watch those
NFA
NASDAQ:AMD
Narrow RangeThe stock has been trading in a narrow range for the past 5-6 days and volume is also below average.
If stock is being accumulated by institutions, it must break out of the range with above-average volume.
GTT order can be placed above a narrow range (blue line)
Stop loss can be red line or 21MA.
GEREAVESCOT : Ready to Unfold Big Move.NSE:GREAVESCOT
On weekly chart you can see price hit 165 level two times earlier and fallen heavily, so we need a closing confirmation above 165 for good upside move in positional view.
If you are trading Intraday Then take 5 Min candle close confirmation.
#GREAVESCOT
Breakout Entry Above - 165.50
Stoploss- 138
Potential targets.- 185,205,260+
Keep Learning,
Happy Trading.
Wave -5 Breakout in Welspun Living..1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin.
2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from here.
Current Market Price - 161. Stop LOSS LEVEL - 145.
* NOT A TRADE RECOMMENDATION. ONLY FOR EDUCATIONAL PURPOSE.*
Weekly Range BreakoutThe stock has been trading in the range for the past 19 weeks with low volume.
Before the range breakout, we can see volume again building up & the stock formed a weekly bullish engulfing candle with above-average volume.
Stock Brokeout of range with the highest volume in prior 19 weeks.
(Stop Loss) Point of High Confluence Weekly 10MA & 40 MA are perfectly aligned with the weekly low of the current candle giving a low-risk entry.
RAIN INDUSTRY MULTIYEAR TRENDLINE BREAKRAIN Industry has given Trendline Breakout couple of weeks back, It gave its range breakout of 190 odd levels last week.
Support below160 DCB as all weekly EMA has confluence at those levels.
This is tricky script has multiple instances of failed breakout in past so decide as per your risk appetite...
DISCLOSEURE:- This post is for educational purpose only,
I am not certified SEBI RA or TA,
breakout trading !In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed decision-making.
Outlined below are key aspects related to breakouts in technical analysis:
Definition: A breakout occurs when the price of an asset surpasses a well-defined level of support or resistance. The breakout can manifest as either an upward movement (bullish breakout) or a downward movement (bearish breakout).
Significance: Breakouts carry significance as they indicate a shift in market sentiment, suggesting that the prevailing trend may be weakening or reversing, potentially giving rise to a new trend.
Types of Breakouts:
Bullish Breakout: This occurs when the price surpasses a resistance level, signaling potential upward momentum.
Bearish Breakout: In contrast, a bearish breakout happens when the price drops below a support level, indicating potential downward momentum.
Volume Confirmation: Successful breakouts are often accompanied by an uptick in trading volume, serving as confirmation of the robustness of the new trend. Volume analysis is instrumental in validating the legitimacy of the breakout.
False Breakouts: It is important to note that not all breakouts lead to sustained trends. False breakouts can occur, wherein the price briefly breaches a support or resistance level but subsequently reverses. Traders commonly employ additional technical indicators or await confirmation before acting on a breakout.
Measuring Target: Traders frequently use the height of the pattern preceding the breakout, such as a triangle or rectangle, to estimate the potential price target. This aids in setting profit targets.
Common Chart Patterns Leading to Breakouts:
Triangles: Symmetrical, ascending, or descending triangles often precede breakouts.
Head and Shoulders: Both inverse and regular head and shoulders patterns can signal potential breakouts.
Rectangles and Flags: Consolidation patterns like rectangles and flags can lead to breakouts.
Role of Trendlines: Trendlines are commonly employed to identify potential breakout points. The intersection of a trendline with a support or resistance level is deemed a critical zone for a potential breakout.
Risk Management: Traders typically incorporate risk management strategies, such as setting stop-loss orders, to safeguard against false breakouts or adverse market movements.
In summary, breakouts in technical analysis are pivotal events offering valuable information to traders and investors about potential shifts in market trends. Effective breakout trading strategies involve confirmation, volume analysis, and meticulous consideration of various chart patterns.
NATCOPHARM - BUY ACTIVENATCOPHARM - Natco Pharma Limited - BUY ACTIVE
Chart Insights : Weekly Chart
Stock closed @1026 on 16-Feb-24
We can see stock breaks the resistance and it may retest the broken level in coming days and then bounce from that level.
Stock trading in channel, Best BUY only on RETEST level and this is for positional players.
Drawn support zone for entry.
Mphasis - low risk entry spotStarting to slowly build back positions again after going into all cash, will be building progressively, and be very willing to step out once again if i see selling resume in the markets
entry - cmp
sl - day's low
IT is the one major sector that has fallen the least in this fall, and also has broken out of a relatively larger base recently
NUVAMA - BUY ACTIVENUVAMA - Nuvama Wealth Management Limited - BUY ACTIVE
Chart Insights : Day Chart
We can see stock breaks the channel pattern with good volume and can expect upside move if its sustain above the resistance.
Drawn support and resistance levels on chart for entry and exit reference
Best entry at retest level
DBL - BUY ACTIVEDBL - Dilip Buildcon Limited - BUY ACTIVE
Chart Insights : Day Chart
We can see that stock is broken the resistance with volume and can expect upside move if its sustain above the resistance.
BUY Active only on top of resistance , it may try to retest the same level in coming days , best
buy on retest level & keep monitor
Drawn support and resistance levels for entry and exit.
JUBLINDS - BUY ACTIVEJUBLINDS - Jubilant Industries Limited - BUY ACTIVE
Chart Insights : Weekly Chart
We can see stock is under formation of cup & handle and it will try to break the resistance in coming days and can expect upside move if its sustain above the resistance.
BUY Active only resistance breaks and sustain above resistance & keep monitor