Volume
Hikal - Coming out from consolidation?Hikal touched its top price of ~700 during later part of 2021. Since then it has been consolidating.
Now Hikal is picking up strength and showing positive volume growth. Hikal can give a good breakout if the momentum continues.
CMP: 304
Breakout Point: 315
SL:299, revise it to 325 when price crosses 350.
Target: 400 and beyond.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just 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.
HDFC BANKThe chart is self-explanatory and shared for educational purposes. HDFC BANK stock has broken its 200-150 moving average. Although there was a small correction from the 150 MA, it could have been a false breakout. Anticipating financial results and considering the trading pattern above the moving average, there is a high possibility for a long trade.
Infobeans - Multi months breakout. Infobeans has be consolidating for several months, over a couple of years actually.
Stock has made a strong accumulation of 400-500 and, now, after about an year it is showing signs of strength to breakout from the zone with some strong volumes.
Once the stocks breaks it lower highs and lower lows pattern, it should show some good positive moves.
CMP: 499
Breakout/Buy point: 502
SL: 408
Target: 630
If stock happens to give a dip to 460 then it will an accumulation opportunity.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just 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.
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc)
-from strong sector (sector is always imp as strong sector's stocks move faster)
-Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses)
-Inside Bar on latest candle
-Volatility contraction