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Indiamart - Keep On WatchCMP - 2930 on 27.09.24 Since January 24, the stock has formed a Cup & Handle-like pattern. It is now retesting the immediate support, which is around 2900-2950. If picks a bullish momentum and gives breakout of C & H pattern. It may go to 3650/ 4100+. However, the breakout level is above 3400 but the current price is a good place for an early entry with a more favorable risk-reward ratio. Considering risk management, one has to choose the entry-level and position size wisely. If the price sustains below 2620, This setup loses significance. Trade wisely and calmly. The above Illustration is only for educational and sharing purposes, not a trading recommendation in any form. All the best.
NSE:INDIAMARTLong
by anandlive
4
Exide Industries Have A Look Exide Industries Touch All Time High In a Month Of July And Cool Down and following a Trend line After Following The Trendline . The Stock Given Us Breakout Of Trendline . There My Point Of View , The Stock Have A more Potential to Touch Again AllTime High its Move in Percentage 18% Can Move After A Good Pull Back . 52 Week High Magnetic Setup Activate & Give Us Gain Of 17-18% from Breakout . Please Look at In This Chart . Thank You For Giving Time On My Post .
NSE:EXIDEINDLong
by trader_addy
A BREAKOUT & RETESTED STOCK - NTPC NSE:NTPC ❇️A good low risk setup in daily time frame above 432 makes a perfect entry. ❇️SL below recent swing low. 420 ❇️A very good weekly break out at weekly time frame. ❇️Expecting stock price to reach 445-450-460+ in up coming days. ❇️ Volume looks good. ❇️Every entry must have a stoploss partnered with it. Disclaimer: not SEBI Registere and not responsible for your profits and your losses thank you 🌻 👉🏻 @thetradeforecast 🇮🇳
NSE:NTPC
by thetradeforecast
1
A breakout stock - #Precision Wires NSE:PRECWIRE ❇️A good low risk setup in daily time frame above 212 makes a perfect entry. ❇️SL 204 near breakout area. ❇️A very good weekly break out at weekly time frame. ❇️Expecting stock price to reach 220-230-245 in up coming days. ❇️ Volume looks decent.. ❇️Every entry must have a stoploss partnered with it. Disclaimer:- not SEBI Registere. I not responsible of your profits and your losses. Thank you 🌻 👉🏻 @thetradeforecast 🇮🇳
NSE:PRECWIRE
by thetradeforecast
1
CNXIT BULLISH ! 1. Resistance Breakout: - The index has historically faced selling pressure at 38,653 - 38,405 Zone, causing it to reverse or pause its upward movement. - When a stock breaks above a strong resistance level, it means that buying demand has overwhelmed the selling pressure at that price point. This breakout is a positive sign, indicating that the chart may move higher, especially if it is a clean break (i.e., it closes significantly above the resistance level). - The **strength of the breakout** is often measured by the volume of trading activity. If the breakout occurs on **high volume*, it indicates that a large number of market participants are involved, adding credibility to the When a stock breaks through a strong resistance level and retests that level with good volume, it can signal a strong bullish move. Here's a detailed breakdown: 2. Retest of the Resistance Level: - After the breakout, it’s common to see a retest of the previous resistance level, which now acts as a support level. This retest occurs as some traders may take profits, or there may be some temporary selling pressure as the market re-evaluates the new price. - If the stock successfully holds above the previous resistance (now support) on the retest, it confirms that the breakout was valid. This gives bulls (buyers) more confidence that the level will hold and that the stock has further upside potential. 3. Volume Confirmation: - A retest with good volume is essential. If the stock holds the new support on strong volume, it signals that buyers are stepping in to defend the level, further reinforcing the idea that the stock is in a bullish phase. - Conversely, if the retest occurs on low volume, it may indicate a lack of conviction from buyers, and the breakout may be prone to failure. 4. Bullish Expectations: - When a stock breaks out of resistance and successfully retests it with strong volume, the expectation is that the stock will enter a new bullish trend. The prior resistance has now been transformed into a solid base of support, and the stock may experience momentum buying, pushing prices higher. - Traders often see this scenario as a low-risk, high-reward setup. Their stop-loss would typically be placed just below the new support level, while the upside target could be based on previous price patterns, such as Fibonacci extensions or previous highs. 5.Target : - it is on its all-time high targets on fib zones,pivots 0r based on future price action basis. # Summary: - **Breakout of strong resistance Indicates potential for higher prices. - **Retest of resistance as support Confirms strength of the move if support holds. - **Good volume on retest: Adds confidence in the bullish move. - **Bullish expectation Likely continuation of the upward trend. This combination forms a high-probability bullish setup in technical analysis. #cnxit #itsector #nifty
NSE:CNXITLong
by Sateesh07
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)Since last weeks we have seen pharma sector is outperforming and this performance may continue. As per price action biocon ltd Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions. Price should sustain above Trend line then it will be good. For more confirmation wait for the price to come at resistance level and look for RSI above 70. If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
NSE:BIOCONLong
by jain_abhishek
BPCL - BHARAT PETROLEUM CORP LTD🔊 BPCL - BHARAT PETROLEUM CORP LTD ⌛Trade Type - Swing Trade (1 week to 2 week) 📊📈 Trade Logic - VCP Pattern CMP - 356.45 Time Frame - Daily 🎯Target 1 : 375 🎯Target 2 : 390 🎯Target 3 : 400 🎯Target 4 : 420 🛑 Stop : 340 🏆 Risk/Reward Ratio (1: 4) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:BPCLLong
by Profit_Trader25
3