IocIt's good to add in portfolio.... It will give good return in upcoming days... Ioc is in consolidation zone and seems like it will break in upcoming days....stay alert
Volume
Stock Brokers BreakoutAngelone, shareindia securities, IIFL Sec, Icici securities, Motilal Oswal etc stocks are looking good.
ANGELONE PARRELEL CHANNEL BREAKOUT WCBAngelone a mid to long term bet
breaking parrelel channel weekly basis
huge volume,rsi in bullish zone
20ema breakout also
macd croosover is also suppose to done this week
#target 3900
EDUCATIONAL IDEA
Zydus Wellness - Perfect rebound candidate!!!!Zydus Wellness is showing a strong reveral after a long 2 year consolidation. It has given a break-out and trading above important Fibonacci level. We may see price moving towards 2300-2500. Other factors:
1. Steady volumes during consolidation phase
2. RSI is above 60
3. MACD is positive
4. All above are on WTF showing strength
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!!
#XAUUSD/H1 Confirm the two-peak model or continue to increase?Gold XAUUSD analysis on August 20, 2024:
Following the start of the trading week on Monday, prices remain sideways in the 2500 - 2510 range. This correction phase is likely forming a double top pattern at H1; breaking through the 2477-2480 range would confirm the pattern. Currently, there is a small overbought area at 2508 - 2513.
Today's trading trend is SELL.
Key price levels to note:
SELL zone 2510 - 2516, 2526 - 2530;
BUY zone: 2490-2493, 2477 - 2482.
Recommended orders:
Plan 1: SELL XAUUSD zone 2514 - 2516
SL 2522
TP 2508 - 2500 - 2590 - 2435.
Plan 2: BUY XAUUSD zone 2490-2492
SL 2486
TP 2495 - 2500 - 2510.
Plan 3: BUY XAUUSD zone 2480 - 2482
SL 2476
TP 2488 - 2495 - 2510.
VENKEYS Triangle BreakoutVenkeys has given a breakout from triangle pattern on 1D timeframe with strong volumes. It has broken its 2 year old resistance. It is apparently retesting its resistance.
Bump n Run - A strong chart patternBump n Run are strong pattern
Nifty Bank is forming one
Volume: Need an exhaustion level volume for major down trend else cud be a 20% kinda pull back
GHCLThis stock has been range bound since last few years, with volumes now showing up in recent few weeks and stock trading way lower than industry PE we can expect a good upside upto 1200 in medium term.
TECHMAHINDRA BREAKOUT WCBTechmahindra resistance breakout
weekly basis with good volume
rsi strong trading above 20ema
#target 1800 soon
EDUCATIONAL IDEA
CUP & HANDLE ,VOLUMECup & Handle Pattern and All time high, volume also good
If sustainable levels 440-460 close weekly, the sock has good movement.
Gold Outlook 12 Aug We've had a good bullish week. We can see some pullback at the start of this week before continuations. Demand zones till where to expect the pullbacks too are indicated. Follow the LTF market structure with HTF as the guide. Current price action > Past price action. Don't force trades. Gold is still technically and fundamentally bullish by pullbacks are a possibility. 4H Internal BRK may allow for buy continuations much faster without a deeper pullback.
Potenial Move in JMAAn inefficiency was was created by the price, which was later filled. Price then went on to stay in a range but it tried giving breakout moves to grab BSL and then dumped to grab SSL. I can see some support from downside because price is not breaking previous external low. Buying near VWAP for best entry price
Let it Rain!Technical Analysis of Rain :
Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period.
Positive Indicators :
The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume , and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum.
Key Support and Resistance Levels :
Support: 140
Resistance: 190, 225, 255
Disclaimer :
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊
◽️ Volatility Contraction : A tightening of price range has been observed.
◽️ Volume Surge : Recent increase in trading volume suggests growing interest.
◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes.
◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%.
📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation.
Keep an eye on this one! 📈
Keep learning. All the best.
ALKEM RECTANGLE BREAKOUT WCBALKEM breaking rectangle formation
weekly basis with huge volum
rsi strong trading above 20ema
#target 6700 after breaking 5850
EDUCATIONAL IDEA
Range Breakout in SILGO (+ Potential 20%)1. Rounded Bottom
2. Price is near 52 Week high and shows strength
3. About to break the range
4. Weak hands have been removed
5. Price is slowing down
6. Volumes have diminished
UNITEDSPIRIT F&P BREAKOUTUnitedspirit breaking f&p pattern
with good volume building up
strong rsi,trading above 20 ema
#target can be 1570
sl 1375
EDUCATIONAL IDEA
IRFC - Swing trade analysis - 04 AugustSWING TRADE
IRFC Looking good for upside
CMP 192
Buy around current levels
Target 220
ENTERO HEALTHCARE Double bottom pattern*Swing Trade*
Buy ENTERO HEALTHCARE
ABOVE 1260
Stop Loss: 1190
Target 1: 1404
Target 2: 1475
Target 3: 1540
Duration 1 -2 months
Risk reward 1:4
Trade as per your risk taking capacity
Trendline breakout in Jubilant IngreviaJubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value.
The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels.
However, this is a very risky stock to invest and the next strong support is deep near 390-400 levels. One can try to buy the dip near 425 for a better risk reward .
Note:-Idea has been shared for educational purposes and should not be considered as a recommendation.
NTPC F&PBREAKOUT WCBNTPC breaking f&p pattern
weekly basis with good volume
strong rsi,macd crossover
target1 455 target2 525
my sl 365
EDUCATINAL IDEA
Thyrocare Technologies in Buying Zone with Strong Sales GrowthNSE:THYROCARE Thyrocare Technologies has shown a strong breakout after a long period of consolidation, supported by robust sales growth and consistent profitability. The stock is in a buying zone with strong volume, presenting a promising opportunity for investors.
Fundamentals:
Strong sales growth
Good dividend player
Consistent profitable growth
Technical:
Strong volume peak after consolidation, indicating potential buying interest
Stock is in a buying zone
May retest, so consider buying in small lots
Good liquidity
