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IpcaLab | Big Breakout with Volume | For Education Purpose ||Breakouts:- Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Support Zone :-A zone of support provides high probability areas where a reversal or continuation of the trend may occur.
Big Volumes Indicates:- High volume indicates that there is more interest in buying or selling a stock, and that more buyers and sellers are participating in the market
⭕ Swing Trading opportunity ! Hourly Chart Alert !!!⭕
--Buy = CMP
--Target = 1226
--Stop-loss = 1073
--R:R =1:4
--lot size =650
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Trendline Breakout
2) Prior Down move before Breakout
3) Volume is good enough
4) Targets are based on resistance zone of previous swings
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Falling wedge pattern breakout in CUMMINSINDCUMMINSIND
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1665+.
✅Can Go Long in this stock by placing a stop loss below 1560-.
✅breakout this can give risk:reward upto 1:4+.
Bullish flag pattern breakout in RELIANCERELIANCE
Key highlights: 💡⚡
✅On 30Min Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2415+.
✅Can Go short in this stock by placing a stop loss below 2325-.
✅breakout this can give risk:reward upto 1:4+.
Head and shoulder pattern breakdown in INDUSINDBKINDUSINDBK
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakdown of Head and shoulder Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1140-.
✅Can Go short in this stock by placing a stop loss above 1218+.
✅ breakdown this can give risk:reward upto 1:5+
Falling wedge pattern reversal in SRFSRF
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 2400+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 2930+ .
Pennant pattern breakdown in DALBHARATDALBHARAT
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakdown of Pennant Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of below 1705-.
✅Can Go Long in this stock by placing a stop loss above 1850+.
✅ breakdown this can give risk:reward upto 1:6+
Can Cipla Make you money?Go long
Target 1) 947.10
Target 2) 968.28
Target 3) 978.78
When you see Cipla in 5year time frame you can see something interesting, Pharma and chemical stocks are in a bearish mood and they have fallen from their 52 week high dramatically, When you see Cipla in 5year time frame you can notice that its on the support level.
LONG ON HINDPETROHINDPETRO
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1. BREAKOUT A MINOR RESISTANCE AT 292.60 AND RETESTING THE RESISTANCE.
WHERE TO BUY
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AT 292.60
WHERE TO BOOK PROFIT
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AR 328.75
WHERE TO BOOK LOSS
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CLOSE BELOW 280
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RISK REWARD RATIO: 1 : 2.9
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Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
LONG ON EICHERMOTEICHERMOT
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1. BREACHED THE MULTIPLE POINT RESISTANCE
2. NOW RETESTING THE SAME LEVEL
WHERE TO BUY
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AT CMP. (AROUND 2720 LEVELS)
WHERE TO BOOK PROFIT
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AT 3025
WHERE TO BOOK LOSS
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CLOSE BELOW 2665
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RISK REWARD RATIO: 1 : 5.5
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Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
IDFCFIRSTBIDFCFIRSTB
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1. BREAK ABOVE THE MONTHLY RESISTANCE 55.20 AND RETESTED THE SUPPORT AT 47.
ANALYSIS
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WE CAN BUY AT CMP. ALREADY THERE WAS SOME CORRECTION IN THE DAILY CHART
TARGET: 67 AND 79
STOP LOSS: 46 (CLEAR STOP LOSS) OR 53 (WITH LESS RISK)
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Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
ASIANPAINT FOR LONGASIANPAINT
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1. WEEKLY RESISTANCE BROKEN
2. CURRENTLY IN RETESTING PHASE
ANALYSIS
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(n-2) week candle broke the resistance
(n-1) candle is doji. A doji tells indecision
We have to wait this week to understand the direction of the stock.
NOTE: During this week, on a 2hr chart, if the price closed above 3000 then we can place order at 2988.
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Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSE Bank Nifty Detailed Trend ForecastIn the previous week, bank nifty has lost -2027.3 ( -6.17% ) points, and according to this technical chart, it will keep falling after a short reversal. Because as per the Elliott wave theory, an impulsive wave ended at the 5th wave, and a corrective wave has started.
In the last trading session, it has created an opening gap, and also breakdown the strong support trendline.
There's no divergence signal though the Stoch RSI for a potential price reversal, and It's indicating a bearish trend ahead in daily & weekly time frame.
Bank Nifty can find strong support at the 50% retracement level only. At present, it's at 38.20% of the retracement level, and a breakout of this level means the price can start collapsing for 21160 (TP1) - 20160 (TP2) levels.
Please note you should not sell above to B of the bearish cycle. Technically, this is a green sign for a new bullish trend for long-term investors.
( Here I have separated the impulsive wave & corrective wave through a grey verticle line. )
If you have any questions regarding this bank nifty analysis, ask me by the comment section of TradingView OR for instant help, use the PC option.
Investors & Traders, used 3 timeframes for analysis.Safe buy for traders 2342 only
For an Investors:
confluence zone 1879-1915
Alway creates a Rotation for a short time before the price is pushing any side. Due to price rotation, the volume is generated.
Isolated Pivots : -
These pivots are created by a three-bar/candle reversal and as shown "Projected Pattern Bar". This occurs when we have a three-bar/candle pattern where the center candle has a lower low and a lower high than those on either side.
After the breakout this congestion area , we will single side move.