Get started

Volume

ALKYLAMINE Flag Breakout OpportunityHi All, opportunity to enter long for short term on breakout from flag pattern. The key points for this trade idea are: 1. Strong demand zone: The price has reached a level where there is more buying pressure than selling pressure, creating a strong support for the upward trend. This can be seen by the large bullish candles that form the flag pole. 2. Good strength on volume: The volume confirms the strength of the trend, as it increases during the upward move and decreases during the pullback. This shows that there is more interest and momentum in the direction of the trend than in the opposite direction. 3. Flag pattern breakout opportunity: The flag pattern is formed by two parallel lines that connect the highs and lows of the pullback. The breakout occurs when the price closes above the upper line of the flag, signaling a continuation of the upward trend. This is the entry point for the long trade.
NSE:ALKYLAMINELong
by GPStrengthTrader
Chalet hotes IHNS breakoutChalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline. A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head. SL is deep around 30 points at 375 levels. Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
NSE:CHALETLong
by chartistamey