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TTL Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Feb 2024 to Oct 2024 its in range.
* From Feb 2024 to Oct 2024 Tested & Moving Resistance Many times.
* It's Break resistance Zone and trying to Sustain Above Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
FIVESTAR is Set to rally! Time to go Long!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Aug 2024 to Oct 2024 its in range.
* From Aug 2024 to Oct 2024 Tested & Moving Resistance Many times.
* It's Break resistance Zone and trying to Sustain Above Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
HCLTECH Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Sep 2024 to Oct 2024 Tested & Moving Near Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
TATACONSUM: Upcoming Price Surge Projection
Timeframe: 4h
NSE TATACONSUM has formed a correction on the 4-hour timeframe chart. A closer look at wave A reveals it consists of three distinct waves, indicating it can't be labeled as an impulse. The security has broken below the 50, 100, and 200 EMA, with the Average True Range (ATR) at 15 .
Currently, the price is developing wave (iv) of wave C within wave (B). Wave (B) has already reached 100% of wave A, and with bullish sentiment, the price could surge from this point. However, we need confirmation through a breakout of the sub-structure. After wave (B) is completed, traders can use wave (iv) as an entry point to confirm a long setup. Fibonacci clusters indicate potential levels at 1189 - 1246 - 1296. Risky traders entering right after the completion should confirm their position with a lower high.
We will provide further updates soon.
- KP (Trade Technique)
XAUUSD’s Final Wave Completion – What’s Next?XAUUSD has formed a corrective pattern on the hourly chart, offering a potential breakout setup. The correction has spanned over two weeks, during which the price has frequently crossed the EMAs (50/100/200 ) on the hourly timeframe. Meanwhile, the 20 EMA has consistently acted as solid support on the daily timeframe.
The pair has completed its final wave 5 of wave (C) at 2604 and has since started to rise sharply. Currently, XAUUSD faces a strong resistance level at 2670 , which marks the high of wave (B). If the price breaks above 2670 , traders can target the following levels: 2685 - 2715 - 2735 +. If the breakout fails, the correction may continue, as 2670 is the key hurdle for the bulls to overcome.
Further updates will follow soon.
Hot Stock Alert: TCS Poised for a Breakout – Key Levels to Watch • Current Price: The stock is trading at ₹4,149.20, down by 1.85%.
• Key Levels:
• TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level.
• TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached.
• Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the chart.
• Stop Loss: ₹3,590.50 – a critical level to limit losses if the stock price falls below this point.
• Trendline: A green ascending trendline supports the idea that TCS has been in an upward trend since 2023, indicating that this is a correction within a larger bullish trend.
This setup is likely targeting short- to mid-term traders, with well-defined entry, stop-loss, and take-profit levels.
LALPATHLAB |Upcoming Trade set up|Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Aug 2024 to 3 Oct 2024 its in range.
* From Aug 2024 to 3 Oct 2024 Tested & Moving Resistance Many times.
* It's Break resistance Zone and trying to Sustain Above Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Top 1% Trader SecretDetermine your risk capital, i.e., the total amount of money you're willing to risk in your trading. This should be money that you can afford to lose without it affecting your lifestyle. Calculate 1% of your risk capital. This is the maximum amount you're allowed to risk on any single trade.
For day traders and swing traders, the 1% risk rule means you use as much capital as required to initiate a trade, but your stop loss placement protects you from losing more than 1% of your account if the trade goes against you.
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.
Portfolio stockThis chart of Polycab India Ltd shows significant technical activity. Here’s a detailed breakdown of the chart analysis using various elements and emojis:
1. Price Action:
The stock experienced a gap down 📉 in July, where the price dropped significantly, likely due to negative news or market conditions.
After the gap down, the price started to consolidate in a sideways range 📊 with lower highs and higher lows, forming a symmetrical triangle pattern 🔺 over the last few months.
2. Trendline and Support:
A clear ascending trendline ⬆️ has been drawn, indicating higher lows. This shows consistent buying pressure at the lows, which suggests accumulation at these levels.
The stock found support 🔵 around the 6,600-6,700 INR zone multiple times, as indicated by the blue arrows on the chart.
3. Resistance and Breakout:
The stock had trouble breaking through the 6,900-7,000 INR resistance level 🔴 for a few months, as shown by the repeated downward arrows.
However, it has now broken out 🚀 with a strong bullish candle (green candle) above this key resistance level, closing at 7,054.80 INR. This is a breakout 📈 above the consolidation zone and signals potential further upside.
4. Volume:
The breakout is accompanied by high volume 📊 (1.291M), which confirms that the breakout is likely strong and backed by institutional or heavy buying.
5. Previous Gap:
The gap down from July has now been completely filled 🟢, as the price has moved back into the previous range, suggesting that the market has absorbed whatever negative factors caused the gap.
Conclusion:
The stock has successfully broken out of the symmetrical triangle pattern 🔺, filling the gap down from July 📉, and is showing strong bullish momentum 🚀. The volume also supports the breakout, and the next resistance levels to watch would be around 7,200 INR and beyond.
No recommend for buy or sell 😕
Portfolio stockThis chart of Polycab India Ltd shows significant technical activity. Here’s a detailed breakdown of the chart analysis using various elements and emojis:
1. Price Action:
The stock experienced a gap down 📉 in July, where the price dropped significantly, likely due to negative news or market conditions.
After the gap down, the price started to consolidate in a sideways range 📊 with lower highs and higher lows, forming a symmetrical triangle pattern 🔺 over the last few months.
2. Trendline and Support:
A clear ascending trendline ⬆️ has been drawn, indicating higher lows. This shows consistent buying pressure at the lows, which suggests accumulation at these levels.
The stock found support 🔵 around the 6,600-6,700 INR zone multiple times, as indicated by the blue arrows on the chart.
3. Resistance and Breakout:
The stock had trouble breaking through the 6,900-7,000 INR resistance level 🔴 for a few months, as shown by the repeated downward arrows.
However, it has now broken out 🚀 with a strong bullish candle (green candle) above this key resistance level, closing at 7,054.80 INR. This is a breakout 📈 above the consolidation zone and signals potential further upside.
4. Volume:
The breakout is accompanied by high volume 📊 (1.291M), which confirms that the breakout is likely strong and backed by institutional or heavy buying.
5. Previous Gap:
The gap down from July has now been completely filled 🟢, as the price has moved back into the previous range, suggesting that the market has absorbed whatever negative factors caused the gap.
Conclusion:
The stock has successfully broken out of the symmetrical triangle pattern 🔺, filling the gap down from July 📉, and is showing strong bullish momentum 🚀. The volume also supports the breakout, and the next resistance levels to watch would be around 7,200 INR and beyond.
No recommend for buy or sell 😕
HEROMOTOCO Mega Breakout AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Jun 2024 to Sep 2024 its in range.
* From Jun 2024 to Sep 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume, good Closing Required.
* Volume is Missing.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
LINC Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Jan 2024 to Sep 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
CYBERTECH - Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Jan 2024 to Aug 2024 its in range.
* From Jan 2024 to Aug 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.