After long consolidation of one and half year it has finally broke out the down trend line with volume support.
A decent contraction is seen on the left and up volumes shows accumulation.
Stock is trading above all its key moving averages.
A pilot position can be initiated here and another once it close above 661 level.
The supply zone ahead is the all time...
Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 5
Consolidation Days: 450+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
This is follow-up on Siyaram Silk Mills. Can check link to related ideas.
Target 1 achieved. Gain of more than 27%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
Siyaram Silk -> Weekly Setup
A wonderful inverse head and shoulder pattern completed and weekly breakout has been given by Bullish marubozu candle with volume spike.💪
CMP: 550
Targets: 740, 915
Stoploss: 400
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before...
SIYSIL -Very good breakout it can move 8-10%.stock has channel breakout.one can buy on dip too till 3% down or at cmp this day closing .it is for swing specially .
buy above 518 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If...
⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk...
SIYSIL had been rangebound since end December 2020. The stock broke out with a runaway gap this Friday to close well above the recent weekly resistance level of 216. This breakout is supported by fairly high volumes and the up move will probably continue going forward.
Since the bottom in early 2020, the stock has moved up in a clear rising channel as shown in...
