NSE:MMTC broke the long-term resistance level 47.5 which it was trying to break since AUG 2021. You may give any name to the pattern, but one thing is sure that it entered bullish territory. Volume registered today is also extremely good.
PRECISON CAMSHAFTS as per daily chart analysis is now in consolidation zone and 03.12.2021 it had broken the consolidation zone and also the multi year resistance line 145. once the stock above 151 level then target 161 is achievable.
BTC continued its bullish momentum for the third straight week. After consolidating in the range of $60K to $64K in the previous weeks, it has given a fresh breakout and at the time of writing, it is trading around its ATH of $66K. BTC formed a bullish hammer kind of weekly candlestick pattern which depicts that bulls are going to dominate the charts in the coming...
NipponLife India asset management stock is breaking out from a previous resistance zone.
It is trending in a channel with good momentum and ADX trend strength rising high.
Volumes are decent above simple moving average.
Stop loss should be neckline of breakout below entry candle low and entry above high of alert candle.
With breakouts happening left, right and center(owing to the bull market) it seems easy to trade and more easy to loose our discipline. We should cherish this bull run but not at the cost of loosing our discipline.
Now coming to the idea, a well known textile brand- Raymond, is trading at the multi year resistance zone. How I look at stocks trading...
In last trading session GRASIM gives breakout of ascending parallel channel's resistance line. After this breakout expected this will continue it's bullish rally towards the 1915+ in next few trading session. We can go long in this stock with stop loss of 1680 for target of 1910+ for short term.
HDFCBANK one of the largest constituents of the market index is at the edge of a potential big breakout if it works out.
There is a rounding pattern formed and it already has cleared the previous 1641 resistance and is at all time high but just need
a green candle close above for confirmation. The Fibonacci extension levels indicates 1800 levels possible even if...
The stock is breaking out of a previous resistance. Also if broken out of the FIB retracement 61% from top which
Is clear indication of further up move. The momentum and trend indicators are bullish on all timeframes
The entire auto sector also has broken out leaving no doubt on bullishness, however make use of trailing and
Tight stops the cover the risk of...
Weekly showing a rounding pattern breakout in progress taking out a 4 year old previous resistance
The last daily candle is wide range bullish . Momentum indicators is bullish on all timeframes short medium and long
while trend indicators are bullish as well with ADX strength of trending seeing rising up on all frames
and therefore continuation of price up move is likely.
6 year old resistance has been clearly broken when breakout happened last week.
Volumes are above average with momentum and trend indicator bullish on all time patterns
It is rounding pattern breakout on long term timeframes too and could be forming cup and handle as well.
Up move is expected to sustain considering all these
metropolis healthcare breaking out of previous resistance zone.momentum and trend in bull zones on all timeframes
Stop loss would be below the breakout candle neckline and entry can be when price over above current candle high.
GALAXY has broken out after more than 10 weeks of consolidation! Breakout is support by a good amount of volume. Wait for the price to retrace before entering into trade. This idea is for education purpose and please do your own analysis before you take up any trade. Please don't forget to follow position sizing and risk management. Cheers ! Happy Trading
#canfinhomes potential multiyear breakout in the making
a green close above 666 could mean a breakout from a 4 year old resistance
volumes are high and momentum also is in bull zones on all timeframes.
stops need be below breakout candle.
#Voltas breaking out from a previous resistance from last feb with wide range bullish candle with bullish momentum
A monthly bullish reverse divergence is in play..Trend and momentum indicators show bullishness in all timeframes
This Tata brand like to further move up from the post covid recovery pent up demand in the consumer durable space.
After a week of consolidation, BTC, this week, breaks out from its sideways trend and currently trading above its psychological resistance of $50K. On the weekly TF, BTC formed a strong bullish candle which slightly resembles a Hammer Candlestick patter and gained by more than 6%. At the time of writing, BTC is trading at $52K.
BTC has been trading in the Rising...
#interglobeaviation potential breakout
pre pandemic resistance hit .watch out for a potential breakout.
also looks like an inverse head and shoulder pattern on weekly though not perfect looking.
bullish momentum and trend seen on all timeframes. Could plan long
if a green close appear above resistance with stop loss below it.