resistance breakout tradelong with stop of 6723
for targets 6752,6816, and more
resistance breakout trade
disclaimer - trade @ own risk
Resistancebreak
today's close based buytoday Day's candle closing above the resistance line can lead to more upside in near future
target open
option trade to enter will be shared once buy triggers
for now its on radar
disclaimer - for education purpose only
staying longresistance and result based breakout
more strong above 375
staying long with 420 ce buy @ 4
disclaimer - trade @ own risk
stay long targets given in chart above on resistance breakout theory
option buys :-
1500ce @ 0.9
1400 ce @ 5.5
disclaimer - trade @ own risk
intra long resistance breakout trade
buy @ 752 for tgt 766-778
lets c how it performs
disclaimer - trade @ own risk
TEGA Industries B/O and reversal from bottomThis stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum.
Place strict stop loss according to your risk appetite and holding period.
do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps.
This is not a recommendation.
this is my view for the stock I and urge you all to do your own research and analysis before investing.
Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key.
I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below.
Thank you see you soon with another idea.
Watch for a resistance (zone) BreakoutThe stock looks good above 174.
Wait for the breakout in hourly to take entry.
Upside open to 185 & above with the initial stop loss of 170.
UPL respects its uptrend !UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline.
UPL has given a double confluence
1. Rejection candle and respect of the long
term trendline
2. Golden Cross( Crossing of 50EMA and 200EMA)
A long position can be taken on break
of the resistance zone
Risk To Reward of 1:2 or a more riskier approach would be if trendline is broken.
Keep It Simple
JYOTHYLAB Resistance BreakoutJyothylab forms ascending triangle pattern on 1D and 1W timeframe. It has given breakout on daily timeframe. Enter after bullish confirmation. Target is previous weekly high.
Bandhan BankBandhan bank gives a bullish signal today due to following reasons.
1. crossed and closed above @ 289.45 which is a resistance for last 2 months
2. on daily basis, closing price touched upper line of bollinger band, which is usually a bullish sign.
3. Supertrend likely to change its trend.
4. keeping a stoploss as a support.
TATASTEEL breaks multi-month resistanceTATASTEEL breaks multi-month resistance and gave a retrace possible for a bullish move we can go LONG (BUY)...stoploss if it close below the support line
buy sidebullish chart formation with good volume support
rsi + adx in favour of the long side
close above 109 to be noted
disclaimer - study purpose only.
PIXTRANS Cup with HandlePIXTRANS breaks out from cup with handle pattern on 1hr and 4hr timeframe. Target - 1041 & Stop Loss- 862.
Adani Enterprises BreakoutNSE:ADANIENT
Adani Enterprises made rounding bottom pattern on daily charts....
For short-medium term it can move towards 2600-2800
Place stop loss below 2380..
Not a buying recommendation, Only for education purpose.
TATA CONSUMER swing 15-18JulyIt broke a major resistance level with decent volumes. I took a 1:2 position at 3:29 PM just before closing. First tgt- 826.15 and if it crosses that level then 2nd tgt-857.65.
However you can also take a position after 9:30AM on 18th July 2022.
#ETH Resistance & Support levelsETH has Resistance @ $3200 and Support @ $2900, if support broken it will go down to $2500 -$2200 levels
Happy Trading ...
#NationalAluminium ascending wedge breaking outside resistance#NationalAluminium ascending wedge breaking outside resistance
The stock seems to be breaking out of a previous resistance zone within an ascending broadening wedge patterns where
swing trading opportunities till upside of channel now.Wide range bullish breakout candle and momentum and trend give
Indication that price could be heading ahead. Stop loss below alert candle and entry above it targeting channel top could be good
be good.
PRECISION CAMSHAFTS Daily Chart Analysis 04.12.2021PRECISON 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.
Weekly BTC-USD(8th November)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 weeks. The combined crypto market cap reached a new milestone by surpassing the $3 Trillion mark.
On the daily TF, after a brief consolidation for more than 14 days, BTC has given a fresh breakout and is currently trading very close to its ATH. On the higher side, the immediate hurdle is present at $67K. If we get a decisive breakout from this level, the next potential target would be 69.5K followed by 71.5K.
On the lower side, BTC continues to sustain above the level of $60K as none of the last 5 weekly candles hasn’t closed below this level which depicts that strong buying strength is present in this range. The nearest support is placed at $62.5K followed by the crucial level of $60K.
Weekly RSI is showing slight divergence with the price and is around its overbought zone of 70 which depicts that small corrections and cooldown periods can be expected on the way up. Majorly, the overall trend is positive and the small corrections can be a good opportunity to take new long positions.
#NAMINDIA #NIPPONLIFEINDIA Breakout from previous resistanceNipponLife 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.
MMTC Broke Long Term Resistance 47.5NSE: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.
