Retest
SANDHAR - 6 years consolidation Breakout & All Time HighSandhar Technologies Limited
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (April, 2018). It has given a breakout on November, 2023 and consolidated few weeks & It has broken the previous life time high & Closed at its All time high with strong bullish momentum in weekly time frame.
3) Recommendation - Strong Buy
EXIDEIND | Weekly Chart | 5.5years Multiyear BO | ATH BOChart analysis in Weekly time frame:
Pattern: Basing pattern is formed in 5.5 years.
Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Trade setup:
Entry price: 345.7
Stop loss: Below previous ATH 304.7
Target 1: 369.3
Target 2: 407.55
Target 3: 469.4
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
SIS Ltd-DO NOT MISS!SIS is a stock which is looking very beautiful for a range breakout with a falling wedge pattern.
If the stock closes above 500 tomorrow, we will have a breakout and retest completed.
Stock might outperform markets and is a very safe bet.
Levels mentioned in chart. I am expecting bigger targets than ATH.
Stock is available at an amazing valuation.
GREENPANEL Buy Above 405"Delivery Idea 22-01-24
GREENPANEL (CMP: 393.3)
Buy Above: 405
SL Below: 380
Target: 455"
Stock has Swing BO on Dated 28-12-2023. Now Same level has retest and take Support at Swing High.
If Stock again Move Back on 20-01-2024 High, then take Entry.
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SONACOMSSonacoms has given a beautiful breakout with good volumes, stock has even retested its levels and gave a good confirmation.
My targets are huge and I am bullish on this stock
Quick targets for Swing - 638, 690
Long targets - 690, 735, 769, ATH (all time high)
Only for Educational Purpose
Do your own research
PAGEIND - Bullish Divergence - Reversal structureThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support. Here we can see price taking support from that level many times. But not just that, it is also showing Bullish Divergence on RSI which shows that price can give upmove in coming days/weeks.
The company is also a leader in its segment with great market share. Hence it must be kept in radar
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.