Stocks
GRSE: Approaching Breakout from Consolidation with Bullish SetupThe stock has been in a strong upward trend, forming a peak on July 5, 2024, followed by a consolidation phase characterized by a lower low, lower high structure.
Key Observations:
A) Counter Trendline (Green Line):
I’ve drawn a counter-trend line representing the main setup to watch. A potential breakout from this line could signal a strong bullish continuation.
B) Hidden Parallel Channel (Pink Lines):
The stock was previously moving within a hidden parallel channel, with the upper pink line acting as resistance and the lower as support. The stock has now successfully broken above this hidden resistance.
C) Sideways Contraction Pattern (White Lines):
The stock is also in a sideways contraction, which I've marked with white lines, indicating a narrowing price range. This area is crucial for observing price action as the stock attempts to consolidate before its next move.
Current Status:
The stock is attempting to break above the green counter trendline (A), which serves as the primary setup for this trade.
It has already moved out of the hidden resistance (B) but is still trading below the white lines of the sideways contraction pattern (C), so it remains on the watchlist.
Volume remains moderate for now, but I’m waiting for a potential volume spike to confirm the breakout.
This is a key moment to watch for a potential entry if momentum and volume align
Nalwa Sons Investments Limited - Breakout Setup, Move is ON...#NSIL trading above Resistance of 5041
Next Resistance is at 10381
Support is at 4367
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IIFL Securities Ltd - Breakout Setup, Move is ON...#IIFLSEC trading above Resistance of 415
Next Resistance is at 655
Support is at 282
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MCX - Breakout Setup, Move is ON...#MCX trading above Resistance of 6457
Next Resistance is at 7809
Support is at 5105
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Breakout Setup, Move is ON...#ANANDRATHI trading above Resistance of 4226
Next Resistance is at 5147
Support is at 3413
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Precision Camshafts Ltd - Breakout Setup, Move is ON...#PRECAM trading above Resistance of 292
Next Resistance is at 456
Support is at 177
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Nalwa Sons Investments Limited - Breakout Setup, Move is ON...#NSIL trading above Resistance of 4367
Next Resistance is at 5041
Support is at 3276
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IIFL Securities Ltd - Breakout Setup, Move is ON...#IIFLSEC trading above Resistance of 258
Next Resistance is at 415
Support is at 173
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 3769
Next Resistance is at 4226
Support is at 3233
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MCX - Breakout Setup, Move is ON..#MCX trading above Resistance of 5182
Next Resistance is at 6457
Support is at 3980
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Stock Radar: Oberoi Realty stock up nearly 80% in a year; Should
Stock Radar: Oberoi Realty stock up nearly 80% in a year; Should you buy now?
News Summary
• Oberoi Realty's stock has experienced a remarkable increase of nearly 80% over the past year, rising from Rs 1,128 to Rs 2,028.
The recent rally was supported by a bounce back after testing its 100-day moving average, indicating strong upward momentum.
• The stock has successfully surpassed its 50-day moving average and broken through the neckline of a 'Cup & Handle' pattern at Rs 1,950, suggesting potential for further gains.
RSYSTEMSRSYSTEMS - Stock is breakout and that too with good volume
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.
A SWING \ LONG TERM STOCK - SBGLP NSE:SBGLP
❇️A good low risk setup in daily time frame above 130 makes a perfect entry.
❇️SL below recent swing low. ( 127)
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 200+ in up coming days.
❇️ Volume looks good.
❇️Every entry must have a stoploss partnered with it.
👉🏻 @thetradeforecast 🇮🇳
Central Depository Services Ltd - Breakout Setup, Move is ON...#CDSL trading above Resistance of 1445
Next Resistance is at 2124
Support is at 999
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Central Depository Services Ltd - Breakout Setup, Move is ON...#CDSL trading above Resistance of 2261
Next Resistance is at 2891
Support is at 1734
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MAHLOG Mahindra Logistics Swing Trade Setup Mahlog is currently trading at 500.75
- Mahlog has a huge demand side imbalance on the left that needs to filled
- The base looks strong and the lows are being respected as well
- Couple of Liquidity raids can be seen on the chart
- 490-492 can be a very conservative entry to chase 6-8% for Mahlog
CG Power and Industrial Solution - Breakout Setup, Move is ON...#CGPOWER trading above Resistance of 783
Next Resistance is at 1014
Support is at 647
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.