Rectanglebreak
Rectangle Breakout- High Momentum pickbreakout with volume has been observed.
T- 574/622
SL - 520 (on closing basis)
L_TFH | Breakout & retracement id Done | 30% 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =83.65 or CMP
--Target = 109.70
--Stop-loss =70.30
--Lot Size = 6800
--R:R = 1.95
--Expected Profit = 1,76,800 ₹ per lot ( 31% )
--Expected Holding = 2-3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) trendline & Range break & resistance break with volume
2) Target is based on next resistance zone
3) breakout & retracement is already done ...perfect time to buy
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
ESAB INDIA - Could it be a Multibagger !!!Stock P/E 48.0
Industry PE 40.1
Dividend Yield 3.70 %
ROCE 32.0 %
ROE 23.5 %
Face Value ₹ 10.0
ROCE3yr avg 23.9 %
ROE 5Yr 14.0 %
Piotroski score 7
OPM 12.8 %
OPM 5Year 11.1 %
Promoter holding 73.7 %
Free Float Mkt Cap ₹ 766 Cr.
Pledged percentage 0.00 %
Debt to equity 0.01
Intrinsic Value ₹ 1,687
Technically:
- Brokeout after a long box consolidation and now it has formed an Ascending Triangle Pattern.
I see a TARGET of 2375 sooner than later.
Momentum index > 0 - POSITIVE
Relative Strength rising over Nifty - POSITIVE
EQUITAS (1D) PRICE ACTION BREAKOUTEQUITAS (1D) PATTERN BREAKOUT
currently no sellers in equitas.
put stop loss according to the chart.
#Adanient 1:3 Risk RewardAdani Ent peaking above the Rectangle consolidation, a break of today's high will be a good entry point to target a 3X reward on the Risk
GODREJCP - SHORT SETUPThis stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
Darvas Breakout ?looks like it is breaking the resistance from April, Supporting volume is available as well.
BANKNIFTY TRADE SETUP FOR THE WEEKBANKNIFTY TRADE SETUP FOR THE WEEK
banknifty saw a crucial break above 20650 last week
after a very longtime we saw a close above "21150"
which will now act as a strong support on daily chart
banknifty next retracement level is never 22050 (38.2%)
when compared to nifty banknifty needs to catch up a lot
nifty is near its 61.8% retracement level
banknifty is looking good to break its major hurdle of 21600 now
on lower time-frame index is capturing its major hurdles
PREVIOUS POST
BANKNIFTY TRADE SCENARIO
index will open slightly negative today
which will be a great opportunity to buy
index like earlier explained should look to conquer 21600
once "21600" is conquered and market sustains above those levels
we are looking for a retest of 21800
and next target of 22250-22500
The last 3 candles are formed with good volumes and today’s Eicher Motors has been into a consolidation zone forming a triangle. The last 3 candles are formed with good volumes and today’s session managed a close above the MA. RSI is sloping up after bouncing from 40 levels. A strong breakout from the horizontal level will be positive confirming accumulation.
The stock has been playing into a rectangle from last 4 monthsThe stock has been playing into a rectangle from last 4 months, several attempts have been made to breakout but didn’t succeed. The prices are close to support as long as it don’t breakout of the range it’s worth waiting for it. Have a look at the RSI, it also meanders between 60-40 levels in a zone indicating total sideways action.
POSITIONAL LONG TRADE IN CANARA BANK !!(DEC FUT)!!POSITIONAL LONG TRADE IN CANARA BANK
VIEW:
-LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS
-WE NOW EXPECT BIGGER TARGETS
CHECK PREVIOUS IDEA
CHECK PREVIOUS IDEA
TRADEVIEW
DEC FUT/JAN FUT
BUY@225
STOP@215
TARGET 1@230
TARGET 2@240
LOT:2000
QTY:5
L&T: Rectangle Breakout!Larsen and Toubro has been consolidating sideways for about a year and half forming a rectangle pattern.
This pattern is finally broken last week. It snow time to enjoy this LONG ride!
Happy learning!
BEL : Ringing the alarm bell for defence sectorsBEL has come out of multi week consolidation pattern. Volume on weekly breakout is high. BEL is all set for 124 level with stop loss below 101. Buy around at 109-106 range.
Note : We have already bought BEL in our portfolio.
~~ Looks difficult to sustain ~~Gillette broke out of a multi-month resistance of around 7110 on Friday with a huge upmove. This is a good sign as it marks a rectangle breakout.
However, It is interesting to see if this breakout sustains in near term.
RSI indicates a downturn from this range as it did historically from similar levels.
As per my analysis, the 7100 levels are important to watch out for and it should act as a strong support if the price sustains above it for some days now.
Rectangle pattern ReversalPrices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
