Sonata Software - Breakout Strategy with volumes !!!Sonata Software has given a breakout of the price range with huge volumes. We can see price moving towards ATH. Other factors:
1. Tech sector is moving upwards
2. RSI is above 60 showing bullishness
3. MACD is positive
4. Fundamentally stock is great
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
Volume
PVR INOX - Rising from the sleep!PVR has been running sideways for months after declining for a long time.
PVR is making a W pattern during its sideways run and accumulation phase.
Now, PVR is showing good bump in price along with rise in volumes. This sounds like a promising situation.
First target is 1450 which is also a point that will give a breakout from it's consolidation zone.
CMP: 1397
Breakout Point: 1450
SL:1350, revise it to 1445 when price crosses 1500.
Target: 1590 and beyond.
Stock can be bought at its breakout level. But investor has patience for medium term then even CMP seems good to buy on, as the volumes are strong and are reflecting high probability for breakage of breakout level.
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.
Sansera-IHNS breakout coming near ATH!Sansera has been consolidating at its ATH since past few months and has formed a beautiful inverted head and shoulders near the same.
Once 1100 is broken DCB, we will see quick upside in the stock.
Today, Q4 results are going to be announced, hence we might see gap up/gap down tomorrow.
Only risky traders should enter today.
Hariyana Ship Breakers Ltd - Cup & Handle Breakout!!Hariyana Ship Breakers have given a breakout of cup & handle pattern. It is out of its price band after 3 years. Other factors:
1. RSI is above 60 showing bullishness
2. MACD is positive
3. Breakout is with huge volumes
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
Rico Auto-A multi year monthly breakout!DO NOT MISS THIS BREAKOUT!
A clean volume breakout with retest done in daily TF.
Stock will fly from here.
A small consolidation can be expected which is best time to accumulate this stock
We might not see this stock at this price in coming few years again.
A good fundamental auto ancillary stock
Ascending triangle breakoutGood volume build up in daily and weekly time frame.
Ascending triangle pattern breakout with good volume.
Railway sector is bullish.
Fundamental are good.
Net profit increased.
Public stake increased. While FII and DII stake decreased.
NOTE: I do my analysis, do yours before trade.
Parallel channel breakout with good volumeGood volume buildup in daily and weekly time frame.
Parallel channel breakout in daily and weekly time frame with good volume.
3 year high broken.
Fundamentals are good.
Net profit increased.
FII stakes increased from28.95% to 31.99%.
NOTE: I do my analysis, do yours before trade.
Parallel Channel BreakoutGood volume buildup in daily and weekly time frame.
Highest ever volume build up in both daily and weekly time frame.
Parallel channel breakout with good volume.
Smallcap ⚠️
Fundamentals are OK.
FII stake has been increased from 0.24% to 0.74% in a quarter.
NOTE: I do my analysis, do yours before trade.
FEDERALBNK following the channel The federal bank follows the parallel channel in 1D TF so the chance is very high to touch the upper channel and go down that's why here I'm in support of the short position and if you want to go a long wait for the channel breakout after the breakout and its retest I change my position short to long.
Multi Year Break out with Retracement at BPCL (Long Term)Long Term:
BUY : 295-300
Target 1: 340-345
Ratio :1:2
stop loss:275-280
Purely based on multi year break out potential stock which giving decent dividend.
Breakout with good volume and retracement done tested the resistance level now resistance acting as a support.