COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider:
Identifying a Range
Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance.
Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market.
Types of Breakouts
Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend.
Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend.
Confirming the Breakout
Volume: A breakout accompanied by high trading volume is more likely to be genuine.
Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point.
Trading Strategies
Entry Point: Enter the trade when the price breaks out of the range with significant volume.
Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout.
Target: Set a target based on the height of the range added to the breakout point.
Swingtrading
Angel One Ltd - Breaking Barriers, Eyeing the Next MoveWe’ve got a breakout on our hands with Angel One Ltd! The yellow line in the chart is a counter-trendline that’s been rejecting price action multiple times. But now, we’re seeing some serious strength as the stock has blasted through it with authority. This signals a potential shift in momentum.
Supporting this move is the green trendline, showing that the stock is not just breaking out—it’s bouncing off a solid foundation of support. The market clearly respects this level, adding confidence to the bullish outlook.
But here’s where it gets interesting—I've added two white dotted lines, my "hidden hurdles." These are potential areas of resistance that might slow the stock down for a bit. Don't be surprised if we see some consolidation around this zone.
Now, check out the red box, which hints at a possible short-term pullback or sideways movement—just a breather before the next leg up! After this, I'm eyeing a strong bullish candle (marked by the green box) to close above resistance, setting the stage for an exciting trade opportunity.
The final piece of the puzzle? I’ll be planning my risk-reward strategy only after that confirmation candle is locked in. For now, I’m keeping this one on my radar—this stock could be setting up for something big!
SWING OPPORTUNITY IN ATUL AUTO"ATUL AUTO" is changing it's overall market structure on weekly timeframe and is getting ready to move upwards. The good thing about the stock is that price is consolidating within a range above the recent support level of 7590, which means buyers are accumulating the stock.
For entry, one must wait for range breakout above 8135, and the next target will be 8900, which is almost 10% from the entry level. Stop loss will be below any swing low during breakout, in Hourly timeframe. Entry and target has been calculated according to the current price action on the chart.
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ABCAPITALABCAPITAL - need to break range move upside
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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ARIHANTSUPARIHANTSUP - The stock has formed a triangle pattern and breakout
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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 :)
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Ajay.
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FCLFCL - Again back to same level 423 after take little dip.... expecting to move smoothly if market support......
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.
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Ajay.
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Cup & Handle Breakout | ALPA LABS⭕️ Swing Trading opportunity ! Weekly Analysis Alert !!!⭕️
✍️Technical Reasons to trade or Strategy applied :-
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USDJPY: Recovery remains elusive below 146.30On Tuesday morning, USDJPY gained momentum, continuing its recovery from a support level that had been holding for two months. It’s getting closer to the 200-Exponential Moving Average (EMA) while still within a bearish trend that started in early August. This rise reflects the US Dollar's bounce after Fed Chair Jerome Powell eased expectations for two more 0.50% rate cuts from the Federal Reserve in 2024. However, traders look forward to upcoming US employment data and Japanese reports to see how the market will move.
Bulls flex muscles for a long road ahead…
In addition to bouncing off the two-month support zone, an upward trend in the RSI (14) and a potential bullish crossover on the MACD are boosting the USDJPY's rise toward the key EMA. However, the ongoing bearish trend channel and differing monetary policies between the Bank of Japan (BoJ) and the US Federal Reserve (Fed) could create challenges for the bulls.
Key technical levels to watch…
In the short term, the 200-EMA around 144.75 and the upper line of the bearish channel near 146.30 are significant hurdles for USDJPY buyers. If they push past these levels, the pair could rise toward the mid-August high around 149.40 and possibly hit the 150.00 mark. It's important to note that the 152.00 level seems to be the last stronghold for Yen sellers.
On the flip side, the horizontal support area between 141.75 and 141.65 offers some stability for USDJPY in the short term, protecting it from a drop toward the monthly low and the bottom of the bearish channel near 139.55 and 138.75. If the pair breaks below 138.75, the mid-2023 low of around 137.20 may serve as the final defense for buyers.
The road toward the north appears long and bumpy
While technical indicators hint at a potential recovery for USDJPY, the underlying fundamentals pose challenges for a sustained bullish move. Buyers should be cautious before making large investments.
IOCIOC - Need to Break the range for move upside
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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.
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Ajay.
keep learning and keep earning.
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 .
Short Term Trading Idea in V-Mart Retail for 15% UpsideHi,
NSE:VMART has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily, Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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REMSONSINDREMSONSIND - The stock has broken out by forming a pole and flag pattern
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.
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SHAKTIPUMPSHAKTIPUMP :- Above breakout line it can do well
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.
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Ajay.
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Zee Media Corporation - Triangle Breakout on Monthly Time FrameThe stock is forming a strong triangle breakout on the monthly time frame, with solid support being held at the green trendline, which has served as a foundation for the price action. A second elevated green trendline shows that buying momentum has accelerated recently, indicating stronger demand.
The red line marks a significant counter-trendline, while the white dotted line highlights a hidden resistance, which could offer short-term resistance. However, a breakout above these levels could lead to a powerful move upward.
One of the most notable features of this chart is the cluster of increasing volumes over time, indicating accumulation. These volumes suggest that market participants are stepping in with conviction, and the steady rise in volume reinforces the potential for a continued bullish trend as the stock approaches key resistance levels.
NLC India:(Ready to shoot up); Take a look; Min 40% RoiHuge potential is there.
For short term investment ;
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Wait for Breakout & then Daily candle to close above - "281"
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National aluminium multi pattern trade idea National Aluminium trades within a broader rising wedge pattern, marked by the red lines. A counter-trendline (solid white line) also comes into play, indicating a shorter-term resistance zone. The stock recently broke through one of the dotted hidden lines, but it's still facing resistance from the upper hidden trendline, keeping it just below a key breakout point. The formation of higher lows, highlighted by the yellow circles, signifies strength in price action and building momentum.
Today's volume surge, notably higher than average, adds weight to the bullish sentiment. However, a significant breakout could only be confirmed once the price clears the last hidden line of resistance. Watching closely for this potential move