Trend Line Break
BOB | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Triangle Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Target
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NIFTY | Possible support after mega fall ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
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5 min view
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ABBABB - wait for breakout
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.
ZydusLife | Looking bullish ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
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Stock Bullish Reversal | Trendline BreakoutExide stock has a trendline breakout. RSI near 60. MACD is positive crossover and stochastic is also positive crossover and Elliott Wave done ABC correction.
I have only shared my study. There is no recommendation. If you buy or sell only after consulting your financial advisor.
LLOYDS Entp ltd; Ready to shoot up; min 80-100% RoiHuge potential is there.
For short term investment ;
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Very close Stoploss is Enough
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Wait for small retracement & daily candle to close above - "42"
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This may be Slow and Time taking stock, but good for investment Portfolio.
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Enter after market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer over old posted idea attached below.
UMAEXPORTS Giving a Strong BreakoutUMAEXPORTS Giving a Strong Breakout
About:
Uma Exports Ltd. engages in the marketing and sale of agricultural produce and commodities. Its products include sugar, spices like dry red chilies; turmeric; coriander; cumin seeds; food grains like rice, wheat, corn, sorghum and tea; pulses; and agricultural feed like soy bean meal, and rice bran de-oiled cake. The company was founded on March 9, 1988 and is headquartered in Kolkata, India.
Stoploss - Below the BO Candle
Target - Exit half at 10 - 15% and Trail the Remaining
Nazara TechnologyWe are closely following Nazara Technologies and believe it’s poised for a breakout based on its technical patterns. Consolidation near resistance often suggests a potential for a breakout if the price action confirms it. If Nazara Technologies breaks through the 1020 level, it could indeed pave the way for further upside, potentially reaching your targets of 1350, 1500, and 1650+.
It’s always good to keep an eye on broader market conditions and any company-specific news that could impact the stock’s performance. Additionally, setting stop-loss orders or having an exit strategy in place might help manage risk if the price movement doesn’t go as expected.
Technical Analysis on SBI CardSBICard is currently exhibiting several noteworthy technical indicators that suggest a potential bullish trend is emerging.
1. SBICard has experienced a consolidated phase over the past three years, during which its price movements have remained contained. Recently, the stock has broken through a significant weekly trendline, indicating a shift in market sentiment. This breakout is crucial, as it often signals the end of a consolidation period and the potential for a new upward trajectory.
2. The weekly Stoch RSI has surpassed the critical threshold of 70. This level is typically associated with overbought conditions; however, in the context of a breakout, it can also indicate strong momentum. Traders should consider that while a high RSI may raise caution, it does not necessarily imply an immediate reversal, especially if accompanied by strong volume and positive price movement.
3. Approximately two weeks ago, a MACD crossover occurred, which is often interpreted as a bullish signal. This technical indicator has acted as a reliable predictor of trend changes in the past, and its recent crossover reinforces the notion that upward momentum may be gaining strength.
4. Last week, SBICard experienced notably high trading volume, which adds confirmation to the breakout. An increase in volume typically suggests that there is strong interest from buyers, lending credibility to the price movement. When breakouts are coupled with high volume, they are generally considered more sustainable.
5. An analysis using Elliott Wave Theory indicates that the prior five-wave downtrend may have completed its cycle, paving the way for corrective waves and potentially an upward trend. This framework suggests that the stock could be in the early phases of a new upward wave cycle, which could enhance bullish prospects.
A pivotal level to watch is the 200-period weekly EMA, located around the price of 813. A sustained positive close above this EMA would be a bullish signal, reinforcing the upside potential. If this level holds and the stock continues to advance, the next significant resistance level is seen around 933. On the downside, traders should note a short-term support zone at 753. This level will be crucial for any potential pullbacks, as a breach below this support could negate some of the bullish outlook and indicate a need for further analysis.
From a risk management perspective, the current scenario presents a favourable risk-to-reward ratio of approximately 1:2.
Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always conduct your own research before making any investment decisions.
Ascending Triangle in formation. Price Action:
1. **Ascending Channel**: The price is still moving within an upward sloping channel. Currently, the stock seems to be testing the lower trendline of the channel, which has served as support in the past. A break below this level could lead to a deeper correction, while a bounce off this support could trigger a rally toward the upper end of the channel.
2. **Downtrend Line**: There is a descending trendline acting as resistance for the recent price action. This line connects the peaks from July 2023 onward. If the price breaks this resistance, it may signal the continuation of the bullish trend.
3. **Volume**: The volume bars show a spike in recent sessions, indicating increased activity. This could be a sign that the stock is approaching a pivotal point. If the price breaks either above the descending trendline or below the channel, this volume could support the momentum in that direction.
### RSI:
1. **Current RSI**: The RSI is around 52.79, close to the neutral zone. This indicates that the stock is neither overbought nor oversold at the moment, but the RSI is still following a downtrend line, meaning the momentum is not strongly in favor of the bulls just yet.
### Potential Scenarios:
1. **Bullish Scenario**: If the price can break above the descending trendline, it might resume its uptrend within the channel. The target would be the upper boundary of the channel, around ₹220-₹240. The volume increase supports this possibility, but the RSI trendline needs to be broken for stronger confirmation.
2. **Bearish Scenario**: A break below the lower boundary of the ascending channel would invalidate the bullish trend. This could lead to a more significant downside move, with potential support around ₹150-₹160. The RSI divergence could further support this breakdown scenario.
### Conclusion:
L&T Finance Ltd. is at a critical point, balancing between its support and resistance levels. The next few trading sessions will be key in determining the direction—whether the stock breaks out above the downtrend line and continues upward or breaks down below the channel and sees a correction.
Posted for my own analysis as I learn to trade based on the technicals.