JUBLINGREA showing Inverted H&S patternJUBLINGREA showing Inverted H&S pattern. Pattern breakout with decent volume. Above 583 will be decisive.
VOLUMEBREAKOUT
VIPINDVIPIND has given resistance breakout with decent volume. Market participation in recent days also increased. Crossed 200MA today. Keep it on radar.
ELECONELECON has given a breakout with increase market participation. Seems like it may start new journey from hereon..
CREST - 8 Months Consolidation Breakout - All Time HighCrest Ventures Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now, It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Weekly Time Frame.
3) The stock may find it's next resistance around the price (790 - 34.25% from the current price 588.45).
4) Recommendation - Strong Buy.
MOTHERSON -Symmetrical Triangle -Breakout-DailyMOTHERSON -Symmetrical Triangle -Breakout-Daily
Motherson chart formed symmetrical triangle pattern. In technical analysis, this pattern is characterized by two converging trendlines, with the price making lower highs and higher lows over time, ultimately forming a triangle shape. This formation often indicates price consolidation before a potential breakout.
The upper trendline connects the highs, while the lower trendline connects the higher lows.
The breakout appears to have occurred as the price moved above the upper trendline, which is typically seen as a bullish signal, suggesting the potential for a further upward move toward the target of ₹246.01, as indicated on the chart.
Additionally, the volume increase during the breakout confirms the strength of this move, which is an essential validation for the symmetrical triangle breakout pattern.
Support at 195 which is breakout candle low.
A Bullish Breakout Analysis of Alkyl AmineAlkyl Amine stock has recently exhibited a noteworthy price action following a consolidation phase that extended beyond 1,000 days. The stock has successfully retested a pivotal support level and demonstrated a robust bounce, closing above this key level, accompanied by a significant surge in buying volume. This development is indicative of a potential shift in the trend towards a bullish posture.
From an Elliott Wave analysis perspective, the stock appears to be in the early stages of a wave pattern. This observation aligns with the bounce occurring at the 61.8% Fibonacci retracement level from the most recent higher high, suggesting a critical change in momentum.
Further validating the bullish outlook, momentum indicators such as the RSI and the MACD are showing favourable signals on both the daily and weekly timeframes, reinforcing the likelihood of upward price movement.
In terms of potential price levels, the current-demand zone is identified between 2305 and 2349 . Should the stock succeed in closing above the initial resistance level at 2484 , the next resistance levels to monitor would be at 2848 , 3162 , and ultimately 3526 .
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making any investment decisions.
Campus- A high risk bottoming breakout for multibagger returns!Campus is a typical example of bottoming breakout done with volumes.
I had given it as an example of falling knife stock but now looks good for a U-turn.
ATH from here means 2x returns.
Please note that Stock doesn't have good fundamentals currently.
Invest as per your risk appetite after discussion with financial advisor. Not a recommendation.
GMBREW - 2.5 Months Consolidation Breakout - All Time HighG M Breweries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (July, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (1155 - 17% from the price 986.30).
4) Recommendation - Strong Buy.
RGL Cup and Handle Formation Signals Potential 16% UpsideIn the daily time frame chart of Renaissance Global Ltd (RGL), I have identified a compelling Cup and Handle pattern, which is a bullish continuation formation that suggests potential for upward movement in the stock price. Currently, the stock appears to be in the process of forming the handle, a critical phase where consolidation occurs after the initial cup formation.
The handle formation is being supported by the Fibonacci retracement level of 61.8%, which is often viewed as a significant support area following a price correction from a recent HH. This retracement suggests a healthy pullback, providing a solid base for buyers to re-enter and push the stock higher.
Over the past few weeks Volume growth during the formation of the handle is a bullish sign, indicating increased interest and participation from traders and investors. MACD on weekly time frame has crossed above the zero line, with the histogram currently reading above 3. This bullish crossover indicates a strengthening momentum, suggesting that the stock may continue its upwards trajectory. Additionally, the RSI for the weekly chart is positioned around 66, inching toward the overbought territory, signaling robust buying pressure, but caution is warranted as the stock approaches these levels.
Currently, the stock appears to be in an accumulation zone, with the price fluctuating between 120 and 125. This range may serve as an opportunity for investors to build positions as the underlying fundamentals, supported by technical indicators, with a solid support level is established at 104. The next resistance target is identified at 146 which could result in approximately a 16% return from the current accumulation zone.
Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always seek the advice of a qualified financial advisor or conduct your own research before making any investment decisions.
TATACOMM WILL IT BREAKOUT OR WILL IT STILL CONSOLIDATE ?Tata Communications Ltd. an interesting chart in consolidation to keep on radar
1. RSI on all time frames (D/W/M) above 60
2. Narrowing Bollinger Bands on Weekly chart
3. Price can breakout of 15 month's long consolidation
4. ABCD pattern under formation on weekly chart
WILL IT CONTINUE TO CONSOLIDATE OR
WILL IT BREAKOUT
LETS SEE HOW IT EVOLVES.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
M&MFIN A BREAKOUT - WILL IT SUSTAIN OR WILL IT FIZZLE OUT ?Mahindra & Mahindra Financial Services Ltd. is an interesting consolidation breakout with following
1. RSI on all time frames (D/W/M) above 60
2. ABCD pattern under formation on Monthly chart
3. Major 20 Week SMA support near 290
4. Breakout of 16 months consolidation between 250-325 zone
Will it sustain or will it Fizzle out ?
Lets See How it evolves.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NIFTY BREAKOUT TO TEST 25800NIFTY simply gave all time high closing above 25275 and tested 25433. With support shifted towards 25135-25150 and next target comes out 25520/25720 and 25800.
Simple daily charts showing support retested around 24800 and breakout with volumes at all time highs.
SPORTKINGSPORTKING showing very good resistance breakout. Already ran 100% in last 3 months. Seems a dip can be good opportunity to buy. Stocksplit on 13-9-24 may give an increase in market participation
SAKSOFT - Horizontal Trendline Breakout🔊 SAKSOFT - Horizontal Trendline Breakout
⌛Duration - Short Term (1 Week to 4 Week)
📊📈 Trade Logic - Horizontal Trendline Breakout with Huge Volume
CMP - ₹321.75
Time Frame - Daily
🎯Target 1 : ₹350
🎯Target 2 : ₹360
🎯Target 3 : ₹380
🛑 Stop : ₹300
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
SUPRIYA - Breakout with VolumeSUPRIYA - Good breakout with volumes in the Daily timeframe after more than 1 year.
The chart indicates a good upside potential of 15% in the near future.
The company also has good fundamentals with good growth potential.
CASTROLIND#CASTROLIND is above 9 years high. Seems it will continue its journey. Currently trading nr resistance. Keep on radar
SHYAM METALICS - CONSOLIDATION BREAKOUT ON RADARRSI on all time frames above 60
Breakout with volume
Narrowing Bollinger Bands on weekly charts
Long consolidation breakout after a trending move
Breakout supported by strong volume
Major support near 660-710 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Is KPI Green's Flag Unlocking the Potential for a Remarkable 82%NSE:KPIGREEN
📈 Unleashing Potential: KPI Green's Technical Breakout Opportunity 🚀
The breakout of KPI Green, from a flag pattern is supported by trading volumes. There is evidence of institutional accumulation on specific dates; May 16th & 17th June 12th & 14th and June 20th to July 11th.
The rounding bottom pattern that is forming adds to the outlook. There might be a resistance zone around 980. As long as support remains above 885 the flag patterns strength will continue.
If KPI Green consolidates around the 980 level there could be a breakout that presents a trading opportunity.
In addition to indicators it's worth noting that KPI Green has fundamentals. For those interested, in ratios and data further information can be found in the comments section.
(Disclaimer: Information provided for educational purposes only. Not financial advice. Trading involves risk. Consult a professional before making decisions.)
PARACABLESPARACABLES showing good strength on weekly charts. In recent time market participation also increased
Monarch-It might increase your networth ;)Monarch has been in good bull run like other broking stocks.
It has been consolidating since few months and has finally given breakout of descending triangle pattern with good volumes.
Company has been posting amazing results recently which shows good growth.
Keep stock in watchlist. Not a recommendation.
Matrimony-A weekly breakout for ATH target is done!Matrimony has finally given weekly closing above its weekly supply zone of 730-750.
Stock can fly if it manages to sustain above this zone.
ATH target can be expected. Not a recommendation.
JYOTIRES - Breakout with good volume JYOTIRES - Breakout in daily timeframe observed after one year. The stock has consolidated for a few weeks before a huge-volume breakout.
The company has FANTASTIC fundamentals and great growth potential. There is a good upside in this stock, both in the short-team (catch momentum) and in the long-term (strong growth potential).
Please do your own research before making a buying decision. These are my personal views.
