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.
Reliance - intraday - short ideaReliance's Volume Profile analysis reveals key support and resistance levels, aiding traders in strategic entry and exit points. High Volume Nodes pinpoint potential price reversals, while Low Volume Nodes signal breakout opportunities. Use this insightful tool to enhance your trading decisions for Reliance
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.
Long Westlife DevelopmentA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover
RITES for 25% (approx..) GainRites is showing consolidation as well as cup and handle breakout and showing good volume breakout with good delivery. company holds good fundamental with solid FII, DII and Promoter holding.
CMP : 450
TG : 560
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
SBILife ATH breakout with IHNS patternSBILife has given ATH breakout with good volumes.
It is a Inverted head and shoulder pattern breakout.
Minimum target can be 1600. SL can be below 1225 DCB. Try to enter at retest in 1300-1325 zone.
Please note that swing trade of ATH breakouts in an FNO stock is always risky.
Idea shared for educational purposes only.