SBCL on longterm breakoutSBCL has given breakout on longterm (M) chart. Seems Showing v good strength. Seems like it is getting ready for the next round! Keep it on radar
SBCL
SBCL- Restricted (Gradual volume) professor + gov + sg Bull flagRestricted (Gradual volume) professor + gov + sg Bull flag 3 Days Volume Increase and close > 3rd
1) trap fall
2) Profit book trap
3) Will go much higher
21 = .98, 101 activated
144 = 0.98 activated
SBCLSBCL:- Ascending triangle pattern has been formed, breakout has also been found but breakout candle is very big, if we get the stock between 504 to 510 then only do some planning, ignore the characters, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Shivalik Bimetal Controls Ltd - BreakoutEngaged in the business of manufacturing of thermostatic metal strips and resistors. Technically strong candidate which is near its 52 week high zone. Broken the 6 month long resistance . Now its immediete target is at 500 levels . A perfect setup is seen in the chart and which indicates a higher high movement .
SBCL - Ichimoku Bullish Breakout Stock Name - Shivalik Bimetal Controls Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 193
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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SBCL: Chart update with Split Effect | Happy Diwali 2022!SBCL: Shivalik Bimetal Controls Ltd
Stock split on 12-Oct-22
This post is just an update for the Original chart idea published on 10-Aug-22 for Breakout (Linked in description)
The earlier BO happened on 10-Aug-22, with Gap up at 485-490 levels i.e. 320-325 levels, Ex-split price
From there it went all the way to 760 on 3-Oct-22 i.e. 506, Ex-split price.
Now, looking at the chart,
We got too quick rally after the PC-A Breakout as stock split news came into picture.
Now touching the recent highs, script is in down trend and,
It will have some consolidation effect for some more time in short run.
PC-B1 = PC B2
B1 and B2 are exactly same in slope and width.
Both the PCs B1 and B2 were formed trend for BO of PC-A
Also, at the Break out of PC-A at both the times, BO-1 & O-2, candles respected the PC-B1 & PC-B2.
#WondersOfPC
One my book partial profit say of 20-30% of the holding, and wait for better opportunities to add more.
Next support areas: 440, 420 and 390.
IMO, if script does not holds and overall market continues to be in red,
we may see it at 375-380 levels during Nov End to Dec beginning.
If situation becomes favorable from here, a strong close above 475 will be a good level
to add more for upward target of 560.
My view is bullish on SBCL in long run and I find fundamentals are strong to pick it for PF.
Do consider to go through my chart idea of SBCL published on 10th Aug also.
(PS- I won't be online, will not post new ideas for coming month, will see you after 16-Nov-22.)
Keep studying charts, keep growing and keep your capital safe.
Happy Diwali 2022!
SBCL - Ichimoku Bullish Breakout Stock Name - Shivalik Bimetal Controls Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 704
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
SBCL: Wonderfully showing link between FA & TAShivalik Bimetal Controls Ltd (SBCL)
PC-A = PC-B = PC C
The Parallel Channel Broke Out on 1oth Aug 2022, PC-A
This Break out lead to other two PCs, PC-B & PC-C, all three of three are SAME in width and Slope. #WonderOfPC
The arrows in the chart showing the Support and Resistances where Candles respected the PCs,
and showing the strength of it.
The recent support at 575 levels came on 27th Sept, the AGM date,
this shows there's great & wonderful relation between Fundamental and Technical Analysis.
In my opinion, If the overall market doesn't correct more or holds strong here, the breakout is near and will have good upside rally.
Good script for LT portfolio.
SBCL Bullish Trend AnalysisSBCL
1.minior rising wedge breakout done
2. when break resistance line buy entry next resistance target level
