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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.
NSE:COLPALLong
by Faizgazi
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 😕
NSE:POLYCABLong
by investigationofchart
5
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 😕
NSE:POLYCABLong
by investigationofchart
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.
NSE:HEROMOTOCOLong
by ChartSight
1
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.
NSE:LINCLong
by ChartSight
1
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.
NSE:CYBERTECHLong
by ChartSight
1
BHAGERIA Mega Breakout AheadHey 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 2022 to Aug 2024 Tested & Moving Near 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.
NSE:BHAGERIALong
by ChartSight
1
What is MTA (multiple timeframe analysis) and it's BenefitsHi mates, Today i am sharing a learning idea publication about multiple timeframe analysis as might have you guessed by reading the title of the post and it is easily available on Tradingview for the betterment of your technical analysis as simple as that a single instrument can looks different on multiple timeframes as i try to characterize on published chart and before taking a trade position it is helping, So i am sharing insight on this topic below hope you will like it ! The Benefits of Multiple Timeframe Analysis in Trading Multiple timeframe analysis (MTA) is a strategy used by traders to enhance their decision-making process by analyzing an asset or security over various timeframes. This approach provides a broader perspective on market trends and helps traders better understand the overall market context. Here’s a deep dive into the benefits of multiple timeframe analysis: 1-: Comprehensive Market Perspective One of the most significant advantages of MTA is the ability to gain a comprehensive understanding of the market. By observing different timeframes—such as daily, hourly, and weekly charts—traders can identify both long-term trends and short-term price movements. This layered approach ensures that traders are not solely focused on one aspect of the market but can see how different trends interact and influence each other. 2-: Enhanced Entry and Exit Points Multiple timeframe analysis allows traders to pinpoint more accurate entry and exit points. For instance, a trader might identify a long-term uptrend on a weekly chart and then use a daily or hourly chart to find the most opportune moment to enter the trade. Similarly, observing shorter timeframes can help in recognizing when to exit a trade to maximize profits or minimize losses. 3-: Improved Risk Management By incorporating multiple timeframes, traders can enhance their risk management strategies. Understanding the broader trend can help traders avoid entering positions that go against the larger market direction. For example, even if a shorter timeframe shows a potential buy signal, if the longer timeframe indicates a strong downtrend, the trader might decide to avoid the trade or adjust the position size to manage risk better. 4-: Reduced Noise and False Signals Shorter timeframes can often be filled with market noise—small, erratic price movements that don’t necessarily indicate a meaningful trend. By using multiple timeframes, traders can filter out this noise. For example, if a daily chart shows a strong trend, but an hourly chart displays some short-term volatility, the trader can focus on the bigger picture provided by the daily chart, reducing the impact of false signals. 5-: Confirmation of Trends and Signals Multiple timeframe analysis serves as a tool for confirming trends and trading signals. A trading signal on a shorter timeframe that aligns with the trend on a longer timeframe provides greater confidence in the trade’s potential success. This alignment across timeframes acts as confirmation, increasing the likelihood of a profitable trade. 6-: Adaptability to Different Trading Styles MTA is versatile and can be adapted to various trading styles, whether it’s day trading, swing trading, or long-term investing. Day traders might focus on the 1-minute, 5-minute, and hourly charts, while swing traders might use the daily, weekly, and monthly charts. This adaptability allows traders of all types to benefit from the insights that MTA provides. 7-: Better Understanding of Market Sentiment By observing how trends evolve across different timeframes, traders can gain a better understanding of market sentiment. For example, a long-term uptrend might be losing momentum if the shorter timeframes begin to show signs of reversal. This insight can help traders anticipate potential changes in market direction and adjust their strategies accordingly. 8-: Increased Confidence in Trading Decisions Finally, the comprehensive analysis provided by multiple timeframes can increase a trader’s confidence in their decisions. When different timeframes support the same trading idea, it reinforces the trader’s belief in the validity of the trade, leading to more decisive and confident actions. Conclusion-: Multiple timeframe analysis is a powerful tool that provides traders with a more holistic view of the market. By considering various timeframes, traders can improve their accuracy in predicting market movements, enhance their risk management, and make more informed trading decisions. Whether you are a novice or an experienced trader, integrating MTA into your trading strategy can offer significant benefits and contribute to your overall success in the markets. Namaste Best Regards- Amit
NSE:NIFTYEducation
by AMIT-RAJAN
5
Bodalchem - Darvas Box Pattern The stock has formed DARVAS BOX on the DAILY chart wait for Breakout. View is valid till the stock first gives Breakout above buy level, please ignore if stock goes below the stoploss before Breakout given One can enter above 88 with a strict Stoploss of 76 Target 1 - 98 Target 2 - 108 Target 3 - 118 #SWING TRADE What is your view please comment it down and also boost the idea this help to motivate us. 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.
NSE:BODALCHEMLong
by JJJ-555
IOC - Flag and Pole Pattern - Swing TradeThe stock has formed flag & pole pattern on the weekly chart. One can enter above 186 with a strict Stoploss of 163 Target 1 - 220 Target 2 - 240 Target 3 - 269 #SWING / LONGTERM TRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. 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.
NSE:IOCLong
by JJJ-555
GUFICBIO 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 Symmetrical Triangle Pattern in Daily TF. * From June 2024 to Aug 2024 its in range. * After June 2024 Breakout goes to sideways in July Starting & Now it's breaking the sideways level again in Aug 2024. * It's Break resistance Zone and trying to sustain above Resistance Zone with good volume, Good Closing is required for good move. * Already tested resistance many times. * Volume Accumulation (Volume is Building). 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.
NSE:GUFICBIOLong
by ChartSight
3