VOLUMEBREAKOUT
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.
Shilpa Medicare Showing signs of recovery1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a long downtrend since July 2021, NSE:SHILPAMED is now showing signs of recovery. It's a buy with a stop at ₹244
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
Triangle breakout in this finstockFivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward with targets of 595, 620++.
Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
Star Cement Ltd. - Intraday(05/06/23) to Short term StockStar Cement Ltd is good for Intraday (05/06/23) to Short Term
Technical Scans :-
* Good Above Yesterday High
* 5 Days Breakout
* 10 Days Breakout
* 30 Days Breakout
* 90 Days Breakout
* 52 Week Breakout
* Volume Breakout
for educational purpose only
Possible trend breakout in Railtel?From the past few months stock was in a down trend, now it has finally given breakout from its consolidation. Previously price level of 105-108 was acting as a resistance, now price has closed above this level indicating a possible shift in the trend.
If stock manages to sustain above this price, we can expect a decent rally in coming days. All possible targets are marked on the chart. Stop-loss can be maintained at 96.
This is just a view, not recommendation to trade. Do your own analysis before making any investment decision.
Do like, share and comment your thoughts.
NSE:RAILTEL
Bank of Barodha : PSU BANK The stock has been trading in an 18-week consolidation base.
Yesterday, it broke out of a downward-sloping trendline connecting the highs of January and March 2023 on above average volume.
RS line is trending higher.
It entered the bullish zone, with a positive crossover on MACD.
Manappuram Finance | Long | CMP 110.40Manappuram Finance CMP-110.40 Dated 6 March 2023
1. Trendline fake breakout
2. Increased buy volumes
3. MACD , Stochiastic RSI crossovers
4. Recent buy by SBI-Mutual Fund
Target1- 125.65
Target2- 140.95
SL - 100
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
BPCL : Focus on Green Energy Today Bharat Petroleum has reclaimed the 50-day moving average .
The stock closed 6% up on a 498.7% greater volume than the 50-day average.
Rising stocks often rebound from their 50-day lines as big investors
You may want to keep an eye on the stock for further supporting actions.
Disclaimer -
All information on this page is for
educationaland learning purpose only.
I am not SEBI registered financial advisor.
Triangle Breakout in ABCAPITALFrom past 4 years stock was trading in a downtrend. But some significant changes would have taken place in the company in recent 2 years, leading to price recovery and triangle pattern formation with strong resistance faced around 130 to 140 levels.
Stock had given breakout from this level in the month of November with a good volume and started consolidating above this level. On 28th Feb we can observe breakout from this consolidation.
Price level of 130-140 should act as immediate support. Ideal Stop loss can be at 122 for Long term trades, for Swing trades SL can be placed around 130. All possible targets are marked on the chart.
Looking at the chart from the long-term perspective, there is a possibility of another rally of 70-80% in coming years. We may even witness formation of Rounding bottom / Cup and handle in few years if on going trend prevails.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:ABCAPITAL
ONGC - Bullish BreakoutKey Points:
- On daily chart strong Bullish breakout momentum seen with potential of 15% rise from retracement price of Rs. 153
- Resistance breakout @ 153
- RSI > 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume is above VMA
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.