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The Breakout Retest Play: 5 Stocks to Consider1. Infosys NSE:INFY ● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990. ● Currently, the stock is trading slightly above the breakout level following a minor pullback. ➖ Best buy level: 1790 - 1830 2. ITC NSE:ITC ● The stock encountered resistance between the 470 and 480 levels multiple times. ● After breaking through this range, the price surged to an all-time high of 528. ● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again. ➖ Best buy level: 470 - 480 3. Lupin NSE:LUPIN ● The stock achieved a breakout after nearly nine years in August 2024. ● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more. ➖ Best buy level: 2000 - 2050 4. Birlasoft NSE:BSOFT ● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining. ●The stock is currently trading at the breakout level, which appears to be a strong support. ➖ Best buy level: 550-560 5. Emami NSE:EMAMILTD ● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern. ● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level. ● The stock is now approaching a retest of the previous breakout level. ➖ Best buy level: 595 - 600
NSE:INFYLong
by GoodluckCapital
Unpacking KSB : From Breakout to Retest - What's Next?Hello Traders! Today, we're going to take a deep dive into the technical analysis of KSB , a prominent company known for manufacturing valves, pumps, and more. 🔍 Understanding the Chart KSB has recently made an all-time high on 23rd August 2023. Interestingly, it broke this all-time high on 21st September 2023 with impressive volume. The stock has now returned to its previous all-time high to retest the breakout, but with very low and decreasing volumes. This pattern suggests that it's a retest of the previous all-time high breakout. Entry Point : The stock is currently trading at 2864. We may plan an entry at this level. Stop Loss : The stop loss will be around 2840. First Target : The first target will be at least 2960. Second Target : The second target will be around 3030. 📊 Fundamentals The fundamentals of KSB are strong, with the company posting impressive quarterly results. You can check the details below image: 🔔 Upcoming Events :The company is expected to post its quarterly results in the coming days, which could potentially impact the stock's performance. 📚 Key Technical Terms Explained All-Time High (ATH): The highest price ever reached by a stock. Volume : This refers to the number of shares or contracts traded in a security or market during a given period. Retest : This is when a stock moves back to a price level it has previously broken out from, often to confirm that level as either new support or resistance. 💡 Conclusion Remember, this analysis is for educational purposes only. I'm not a SEBI registered analyst. Always do your own research before making any investment decisions. If you found this analysis helpful, please press the 🚀 icon, leave a comment, and follow my profile for more updates: in.tradingview.com Thank you for your support and feedback!
KLong
by AfnanTAjuddin
8
PAYTM has retested and showing bullish signshey guys , after a long DOWNTREND , PAYTM stock has shown a signs of recovery , from the very FIRST DAY , this stock was completely controlled by bears but now , this stock was following a chart pattern called FALLING WEDGE last week , this stock was trying to cross this pattern ans it was SUCCESSFULLY COMPLETED . And now this stock has retested and it has shown a great green candle , which convince us to bet on this stock and earn HIGH RETURNS BUT FIRST CONSIDER THE GLOBAL SITUATIONS .INFLATION . WAR BETWEEN UKRAINE AND RUSSIA . RISING BANK RATES . AND INCREASING EXPORT DUTIES AFTER CONSIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK BUT PLS GUYS , SEE THAT IF MARKET IS OPENING GAP DOWN THAT THIS STOCK IS UNDER HIS RESISTANCE AREA THEN PLS WAIT AND LET THIS STOCK TRY TO CROSS HIS RESISTANCE AREA and guys , if u like my analysis . follow . like . and comment
NSE:PAYTMLong
by TRADERS_AREA
Technical view of very good fundamental stock "GAIL" The company recently release their quaterly results. The results are very good. At the same time stock was in down trend but from few recent days stock gave a trendline breakout and also retested the trend line and now moving in upward direction. before some days it was near 200 exponential moving average and from that day it is moving upward. On 6th of august it has also taken a very strong support from 100 exponential moving average . In the given chart you can see some green lines, red lines & one blue line. The red lines are resistance points (strong resistance line are in thick in chart).The green lines are the support lines . The blue line is stoploss for you guys and I have shown my original position in the stock
NSE:GAILLong
by Viraj_Shinde