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
Swingtrading
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.
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.
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!
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.
MCX COPPER - TRADE ON SHORT SIDESymbol - COPPER1!
COPPER1! is currently trading at 854
I'm seeing a trading opportunity on sell side.
Shorting COPPER1! Futures at CMP 854
I will add more quantity at 860, If comes. Holding with SL 868
Targets I'm expecting are 837 & 817
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!
DOLATALGO : Swing Trade (1 Month)#dolatalgo #swingtrade #trendingsetup #Momentumtrade
DOLATALGO :
>> Low PE Stock
>> Trending Stock
>> Momentum Pick
>> Low Risk High Reward Trade
>> Bouncing back from 200 EMA
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BOROSIL LTD - GAINING 14% Update: Borosil Achieves 15% Gain, Target 1 Reached
I'm pleased to announce that Borosil has hit its first target, delivering a solid 15% return within a short period. This achievement highlights the robust momentum Borosil has shown since being identified, and the stock continues to hold strong potential.
This performance underscores Borosil’s promising outlook and validates our strategy. Congratulations to those who followed along with this pick. Looking forward to more gains ahead!
HCG - 15% IN JUST 2 TRADING SESSIONDiwali Pick Success: HCG Delivers a 15% Return in Just 2 Trading Sessions!
I’m excited to share that HCG (HealthCare Global), my Diwali pick, has already achieved a remarkable 15% return in only 2 trading sessions! This swift gain underscores the strong momentum HCG has shown since being highlighted.
This stock was also recognized as a TradingView Editor’s Pick, validating its strength and potential. Congratulations to those who joined in on this festive pick – a true Diwali success!
SAHYADRI INDS by KRS Charts17th Sept 2024 / 3:11 PM
Why SAHYADRI ❓
1. First of all, it has Decent Fundamentals not in an expensive stock at CMP. 👍
2. Complete Range Bound and currently near its bottom support and strongly reacting with Bullish Engulf in 1D and Morning Star in 1W.
3. It's a Swing trade so Risk/Reward will be preferable with SL of 333 Rs in 1D Closing TF.
Target will be Resistance zone once it breaks it, I'll revealed further Targets.
Swing Trading Idea :: NRBBearingThe weekly chart shows a reversal after a long downtrend. The stock has recently made a higher high, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout.
The stock could face resistance around INR 300, which is a psychological level. If momentum continues and the stock decisively breaks above INR 320, a further target could be set around historical levels.
For a stop-loss level, consider placing it slightly below the retest level.
These levels can be adjusted based on risk tolerance and evolving market conditions.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or any other types of advice or recommendations.
MOTILALOFS : Swing Trade#Motilalofs #swingtrade #vcppatten #breakout
MOTILALOFS : Breakout soon
>> Low PE Stock
>> VCP formation
>> Trending setup
>> Low Risk High Reward Trade
Breakout Failures are Common in the current scenario, so Trade only Good setups with Proper Risk Management, position sizing & proper stop loss rules
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
CDSL : Swing Trade#CDSL #Chartpattern #VCPpattern #swingtrade #structuretrading
CDSL : Consolidation Breakout soon
>> VCP Pattern developing
>> Breakout Candidate
>> Good Strength & Volumes
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
In the Current Market Scenario, high Chance Breakouts may fail. Trade with proper Risk Management, right position sizing & proper Stop loss rules
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.