KROSS : IPO Base Breakout Soon#Kross #breakoutstock #breakoutsoon #breakoutcandidate #trendingstock
KROSS : IPO Base Breakout Soon
>> Good Base formation
>> Entry on Closing Above GAP Area
>> Good Strength & Volumes Building up
>> Trending setup
>> High Probability Trade
Swing Traders can lock 10% profit & keep trailing
Note : In the current Market Scenario even the best of Trading setup's can fail so Trade only Good setup's with proper Risk Management, set of rules for Stop-loss & proper position sizing.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Volumebuildup
BPCL | Weekly Chart | 6 years BO | Chart analysis on Weekly time frame:
Analysis:
1. Resistance zone is tested 5 times before final BO making it very critical resistance zone.
2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening.
Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting candle.
Trade setup:
Entry price: If price closes above 577.85.
Stop loss: Below 522.3
Target 1: 667.7
Target 2: 813.1
Target 3: 855.9
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
EXIDEIND | Weekly Chart | 5.5years Multiyear BO | ATH BOChart analysis in Weekly time frame:
Pattern: Basing pattern is formed in 5.5 years.
Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Trade setup:
Entry price: 345.7
Stop loss: Below previous ATH 304.7
Target 1: 369.3
Target 2: 407.55
Target 3: 469.4
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GTPL | Weekly Chart | Cup and Handle Pattern | 16 months BOChart analysis:
Pattern: Cup and Handle pattern is formed and currently after BO the consolidation is happening.
Breakout: C&H pattern is broke the 16 months High.
Volume: Volume build up is happening indicating the big player are continuously buying the share.
RSI: Bullish crossover happening indicating the BO of consolidation phase
Trade setup:
Waiting for BO
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
