Traingle BO - RESTEST : EQUITAS15 weeks consolidation
triangle BO
retesting the upper trendline
holding 50 DMA
if hold the line, can go further
SL - 120
TGT - 164-180
Retest
Buy MRFBuy MRF. Retest Buying Zone 83300-83400
Stoploss 78500
Target Ab ki baar 1 lakh paar
Retest Structure
TRADING A BREAKOUT ft. SHIBWhile trading a breakout make sure you follow this strategy:-
1) Spot a bullish/bearish pattern (LONG/SHORT)
2) Look for a solid BREAKOUT by a green bullish candle (for if you're going long) and red bearish candle (if short) accompanied by a rise/fall in volume and bullish/bearish RSI (preferably above 60 for long & below 40 for short)
3) RETEST - A candle that touches your breakout zone and make sure it does not close below the zone. Most traders buy here but if you are still doubtful, after all Every trader has FOMO (Fear of missing out) and it's normal :)
Then always wait for a confirmation candle which should give a solid buy signal, a bullish (For going LONG) & a bearish (If short)
Usually I take 1:3 RISK-TO-REWARD Ratio so set a target, Stop loss and you are all set to rock.
THANKS FOR READING.
Presented to you by Lekisha Katyal
FOLLOW for more investing/trading ideas
Bouncing back from the pullbackFor all the pullback traders out there, there is a gem stock here available at a great location.
Current levels seem interesting for a RR of 1:3.5
Kindly note, this is not a recommendation and only an analysis. Consult your financial advisor before investing.
Buy Procter and GambleBuy Procter & Gamble Stoploss 5420 Target 6000+++
Parallel Structure Breakout and Retest
Indian Bank broke resistance and retest completedIndian Bank has currently broken its resistance zone with huge volume and came back for retracement. It took strong support from 0.5 fibonacci level and most probably going towards higher high.
NCLIND | Channel breakout and retest - Potential for 20%NCLIND | Channel breakout and retest - Potential for 20%
CMP : 250
SL : 236
Target : 300
1:3+ risk reward setup
CDSL symmetric triangle breakoutBreakout retest done
Good Zone to Accumulate :- 1340-1360
Short term target :- 1550-1600
Long term target:- 2000
Short term stop:-1250
Long term stop :- 1100
Disclaimer :- Chart is only for educational purpose.
SHAKTIPUMP Retesting 750-770 LevelNSE:SHAKTIPUMP Broke above the longterm resistance level 750-770 level on 14th October with an exceptional volume. The stock has revisited the said zone in the last two days and withstood it. Idea is to go long here with 680 as SL and 880 as Target for short term
JINDALSTEEL Positional Long1. Breakout- Retest- Upmove
2. Took support at 50 EMA on Weekly timeframe.
One can look for positional opportunity with SL below 50 EMA.
Oil India breakout and RestestAfter a breakout of Oil India
Some people booking profits
Now second chance for those who missed to ride the breakout now its retesting previous Resistance became Support now and confirmation candle is now also Fibbonaci support here its good time to catch this.
SL below last swing and risk reward ratio is 1:2
🙏Note :- this is my Analysis don't take it as buy or sell recommendation
😊Invest at your own risk.
Break out Vedanta gave a Breakout from the trend line. Look for retest entry in this counter . Possible 14% move. Entry will be 298 sl -282 T1- 317 T2- 341
Nifty 50 LongNifty 50 chya kadachit retracement / retest / pullback hotil aashya levels.
Swatahacha Analysis Uttam Analysis.
Buy Ajanta PharmaBuy Ajanta Pharma Stoploss 2160
Study: Ascending Triangle Breakout and Retest Structure
Maruti Suzuki is at an important level to go up or down …. Maruti Suzuki is at an important level to go up or down ….
Reasons/Traits :
• Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up)
• Currently at 6781 … retest level to go up or down
• 5 EMA is crossing 20 EMA from bottom
• ADX is indicating strong trend
What can happen next :
Scenario 1 : If retest of 6781 is successful then price can go up to 7320/7650 to complete retracement
Scenario 2 : If retest is a failure then price can dip to 6590/6360 levels
6800 is an important level, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
BREAKOUT AND RETEST DONE OF RESISTANCE LINE !Jindal steel gave a decent breakout from its resistance line and retest is also kind of completed. There is a good chance that stock with touch its previous swing highs.
Some people will call it a falling wedge or falling channel or falling flag etc. But main concept here is that its a breakout of resistance trend line. Keep it simple and powerful.
This analysis was done by me just for understanding the resistance line breakout concept, this is not a stock tip, Feel free to share your views.
Zensartech - Pullback to the breakout level. RetestZensartech had given a breakout. The stock retraced to the breakout level. Today the stock given reversal signal at the breakout level.
RAMA PHOSPHATES LTDAdd the stock to your watchlist, wait for a retest if planning to enter the stock.
ICIL: Breakout & Retest doneNSE:ICIL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
PEL - Breakout TradePEL was trading within a range. Today the stock has given a breakout out of the consolidation range. Can retest the breakout level
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON HATSUN AGRO PRODUCT.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
