Great volume breakout in Balaji AminesBalaji Amines almost gave a long pending breakout today.
High level of volume seen today, adding to confidence for its breakout soon.
The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295.
First target will be 2600 where resistance can be seen.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
VOLUMEBREAKOUT
Tracxn Technologies (Breakout Soon Stock)Tracxn Technologies can give a breakout above the 103.40 level. It has a possible side of 121, 136. One can place a stop loss of 93 levels on a weekly closing basis. Also, good volume can be seen on weekly time frames. 103 can act as a support level. The stock needs to close above the 103 level on a weekly time frame.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation
Breakout Momentum : Prakash Pipes | Unlocking OpportunitiesPrakash Pipes Ltd , currently at CMP 448.90, has recently experienced a breakout. Historical data suggests that breakouts with significant volume tend to perform well. Today, the price has broken out with notable volume.
Key Points:
Breakout Observation: The breakout pattern, particularly when accompanied by substantial volume, has historically yielded positive results.
Entry Strategy: Monitoring closely, a long entry will be considered if the price surpasses 449. Risk management will be implemented, and a stop-loss (as indicated on the chart) will be employed.
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Great Eastern Shipping' at ATH'Great Eastern Shipping' broke out of it's base and at ATH.. with strong volumes.. take a position of small quantity with SL set for ₹ 37.95
“To compound your money, and not your mistakes, your goal is to buy on the way up—not on the way down.”
― Mark Minervini
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Long Westlife DevelopmentA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover
Bottom fishing🎣Stock is consolidating at good support after good falll. Accumulation in this stock at lower lvl is about to finish or already it's finished. Now stock can show good up move from here. Stock is getting good push from technical analysis and fundamental ( all chemical stock saw good up fall bcoz of China dumping and market have adjusted according to that so most of
chemical stock will show up move it's also one of the) it's for education only.
Keep a watch on Sterlite Tech!Sterlite tech is looking strong as a positional trade.
Recently, we have seen a good run in Birla cable as well which is a competitor of this company in manufacture of optical fibre cables.
Stock can be added at CMP or on dips till 155. SL is below 140 WCB.
Minimum target is 200. Above that stock can go till 235, 280 which are the fib levels as well as strong supply zones.
Today, stock has shown good buying with volumes bouncing from a strong demand zone of 145-150 with a short term trendline breakout as well. Keep this stock in your radar.
Idea shared only for educational purposes!
NEULANDLAB is trading near breakout level ## Trade Details
- Name of The Stock: **Neuland Laboratories Ltd.**
- Stock Category: Small Cap
- Type of Trade: Positional Trade
- Duration: More than 60 days
- Entry Level: Between 3020 to 3200
- Stop Loss: Initial 2560 (Trail accordingly)
- Target: above 4220
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## Chart Details
- Stock is trading near resistance, breakout may happen very soon
- Accumulation started after breakout of 2150 level
- Relative Strength (RS) and RSI positive and showing strength
- Target 2 will share after Target 1 achieve
Cup and handle breakout in Powergrid!Powergrid is a portfolio stock with good dividend yield and strong fundamentals.
The stock has given a breakout of cup and handle pattern with neckline of 250. The retest of the same is completed as well.
Stock can give good returns with minimum target of 300. SL can be below 246 DCB.
Idea is shared for educational purposes and should not be considered as a recommnedation.