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Swing This chart represents Kabra Extrusion Technik Ltd. on a weekly timeframe. Here's a brief analysis: Trend Overview: The stock was in a strong uptrend from early 2021 to mid-2022, reaching higher levels with increasing volume. It then entered a consolidation phase with lower highs, forming a descending triangle-like pattern. Key Levels: Support level: Around ₹450 (black horizontal line), which the stock has respected multiple times during the consolidation phase. Resistance level: Around ₹510-516, where it is currently trading after breaking out of the descending trendline (orange line). Breakout: The stock has shown a breakout above the descending trendline with a strong weekly close at ₹509.90, gaining 8.76% in this session. This indicates a potential trend reversal. Volume Analysis: Increased volume during the breakout suggests strong buying interest and the possibility of further upward momentum. Outlook: If the stock sustains above ₹510, it could aim for higher targets. A retest of the ₹510 level is possible before moving upward. Failure to sustain above ₹510 might see the stock pulling back towards ₹450 support. This breakout aligns with a bullish scenario, provided the resistance is successfully converted into support.
NSE:KABRAEXTRULong
by iamsaurabh533
Havells - Low Risk IdeaCMP 1614 on 05.11.24 The chart is self-explanatory. Since 2021, the blue-colored parallel channel has been turned into a support ( if works like ). If the price bounces back from the support, may go into a bullish phase. targets may be 1700/1800/1900. MACD histogram also shows some reversal. The setup goes weak if sustains below 1550. Keep your position size according to the stop loss and your trading strategy. All this illustration is my own view, only for learning and sharing purposes, not a trading recommendation in any form. All the best.
NSE:HAVELLSLong
by anandlive
TRADE PLAN ON TITAN Titan Stock Swing Trade Idea 1. Trend Analysis: The stock is in a strong uptrend, indicating positive momentum and investor confidence. 2. Demand Zone: It has reached a strong demand zone, a key level where buying interest is likely to emerge, providing potential support for price recovery. 3. Technical Patterns: Weekly Timeframe: A shooting star-like pattern indicates possible hesitation or reversal after a strong upward move. Daily Timeframe: A bullish engulfing pattern signals a potential continuation of the upward trend, confirming buyer dominance near the support zone. 4. Moving Average Support: The stock is taking support at a key moving average , adding to the confluence of bullish signals. Trade Plan: Entry: Consider NSE:TITAN the current demand zone or after confirmation of bullish momentum (e.g., a breakout above recent highs). Stop-Loss: Place below the recent swing low or moving average support for risk management. Target: Aim for the next resistance zone or a measured move based on the uptrend continuation. Risk Note: Watch for a confirmed breakout or breakdown from current levels, as the shooting star pattern in the weekly timeframe could indicate selling pressure if demand fails to #stockmarket #nifty50 #swingtrade #titan
NSE:TITANLong
by Sateesh07
EMMBIEMMBI :- Falling wedge type structure has formed and is consolidating by giving breakout, chances of upside movement are high 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.
NSE:EMMBILong
by AjayDhakad_Keep_it_simple
ORIENTAL HOTELS : Chart Pattern Breakout#ORIENTHOT #Swingtrade #breakout #Chartpattern #Trendingsetup Orienthot : Swing Trade >> Inverse Head & Shoulder pattern >> Trending setup >> Good Volume & Strength >> Good Risk Reward Trade Swing Traders can lock profits @ 10% and keep trailing Note : In Current Market Scenario, Breakouts can easily fail so Trade Good Setups with Proper Risk Management and Position sizing Disclaimer : This is not a Trade recommendation, Charts Shared are for Learning Purpose
NSE:ORIENTHOTLong
by moneyfesttrading
1
SwingTrendlines: An orange ascending trendline connects the series of higher lows since mid-2023. This indicates a strong uptrend, with the stock consistently moving upwards. The red horizontal line represents a significant resistance level near ₹3,127.90. This is where the stock previously faced selling pressure or consolidation. Breakout Potential: The stock is currently near the resistance zone, attempting to break out above the ₹3,127.90 level. A confirmed breakout above this resistance with increased volume could indicate further upward movement. Volume Analysis: There is a noticeable spike in trading volume, which often suggests increased investor participation. High volume on a breakout validates the move and strengthens the bullish sentiment. Candlestick Pattern: Recent green candles with long bodies indicate strong buying momentum. A weekly close above the resistance level would confirm a bullish breakout. Interpretation: If the stock closes above ₹3,127.90 with strong volume, it may target higher levels, potentially testing previous highs near ₹3,800. Conversely, if it fails to break the resistance, it might retrace to the orange trendline support or consolidate before the next move. Trading Consideration: Buyers: A confirmed breakout above ₹3,127.90 with increased volume is a buying opportunity for momentum traders. Stop-Loss: Place a stop-loss below the trendline (e.g., ₹2,900). Targets: Short-term target near ₹3,500 and longer-term target near ₹3,800. This analysis is based on technical patterns and doesn't account for company fundamentals or external market factors. Always conduct your research or consult with a financial advisor before trading.
NSE:MASTEKLong
by iamsaurabh533
SwingPrice Trend: The stock has been in a consolidation phase in recent years after recovering sharply from the COVID-19 crash in 2020. There is a noticeable breakout attempt above a key resistance trendline (orange line), indicating bullish momentum. Resistance Levels: The horizontal line at ₹1,350 represents a critical resistance zone. This level appears to have been tested multiple times over the past few years and has now been breached. Breakout Confirmation: The weekly candle has closed above the resistance line, indicating a possible breakout. The breakout suggests that the stock might rally higher, targeting the next projected level of approximately ₹1,850 (a 37% potential upside). Volume: The trading volume for the breakout week is relatively stable, though significant spikes in volume would further validate the breakout strength. 200 EMA Perspective: If included, the stock's 200 EMA (Exponential Moving Average) might be acting as support below current levels, providing bullish sentiment. Conclusion This chart hints at a potential bullish breakout from long-term resistance. If market sentiment supports this move, the stock could continue its upward trajectory. However, traders should keep an eye on the volume and watch for sustained closes above ₹1,350 to confirm the breakout.
NSE:EXPLEOSOLLong
by iamsaurabh533
BULL FLAG PATTERN IN INDIA CEMENTS - POSITIONAL LONG TRADESymbol - INDIACEM CMP - 353 India Cements is forming a Bullish Flag pattern after a good run. It is consolidating at higher levels & buyers are looking strong & not giving up. Breakout of this Flag pattern can lead the stock price towards 650 which is approx. 90% upside from current price. I have made a long position at CMP and will add more position around 390, which is breakout zone. Stoploss I am following is 330. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:INDIACEMLong
by akshit_official
swingHistorical Resistance Level: The horizontal blue line around the 70-72 INR mark appears to be a strong resistance level. The price previously reached this level around 2009 and again recently in 2024, indicating that this level is significant for traders. Recent Price Action: After a prolonged downtrend, the stock formed a bottom and started to recover. The recent price movement shows a breakout attempt above the resistance level, with the current price at around 70 INR. Trendline Breakout: The yellow line represents a downward trendline. The recent price action suggests that the stock may have broken out of this trendline, which could be an early signal of a potential trend reversal. Volume Confirmation: While not shown, volume is crucial for confirming breakouts. If the breakout above the resistance level is supported by strong volume, it can be considered more reliable. Next Levels: If the breakout holds, the stock may move towards higher resistance levels, likely around the 100 INR mark and possibly higher. However, if the breakout fails, the stock could retrace back to support levels, potentially near 50 INR. This chart suggests a cautious bullish sentiment, provided the breakout is confirmed with volume and continued upward movement in the coming months.
NSE:DHANILong
by iamsaurabh533