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Waitingforbreakout

BRITANNIA Swing Opportunity!!NIFTY50 stock BRITANNIA is at Demand Zone. As we can see, BRITANNIA is taking resistance from a trendline since 12 April 2021. Currently, it is trading near its demand zone at 3423.45. Looking at recent day's deliverable quantity, we can say buyers are taking interest in this zone. RSI is also moving above 40. We can consider BRITANNIA for a swing trade if it breaks the trendline with high volume. Buying Range- 3400-3460 Stoploss- 3348 (Below recent swing) Target- 3760 Risk to Reward- More than 1:2 Duration of trade- Near 1 month It can also take some resistance near 3550. But I believe it will break that too. What are your views? Do let me know in the comments. Take it as an educational purpose. I am not Sebi registered or any Stock market expert. Always do your own research before taking trades.
NSE:BRITANNIALong
by Anni_S
BPCL- Ascending Triangle Pattern Breakout?NIfty50 stock BPCL formed Ascending triangle pattern. You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line. I have marked A and B point, to calculate the target. Price at A point = 252 Price at B point = 478.65 Formula to calculate the target is Target = (Price difference between A & B) + Price at point B Price difference between A & B = 478.65 - 252 = 226.65 Target = 226.65 + 478.65 = 705.30 So we can have our positional target near 705.30 This is my personal view about BPCL. Take it as educational purpose. I am not sebi registered or any Stock market expert. I am not responsible for profit or loss.
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NSE:BPCLLong
by AmeyKajarekar
80
TCS Breakout with Ascending Triangle ?My idea about TCS is clearly visible in Chart. You can see a Ascending Triangle Pattern formation. Its mostly known for a Positive direction breakout. We have a lower ascending trendline which is also acting as a support line. You can see Higher lows. Whenever there are higher lows we can say stock is in Up trend. Upper horizontal trend line is resistance line, you can see the Flat Highs. This two trend line forming a pattern known as Ascending Triangle Pattern. So what to do now? Where to take entry? The answer is simple. We will wait for a breakout. Whenever the stock price breaks the Upper horizontal trendline (resistance). We can take entry after a confirmation candle. For short term or positional as per your preference. But my recommendation is for long term. Technically you can find your target with a simple calculation. See in chart, I have measured the distance from resistance to first Low. A - B = 158.80 Add 158.80 in resistance line price 158.80 + 3164.20 = 3323 We can expect Target near 3323. also you can see this target is near to the resistance from previous highs. Stock is IT sector leader. Fundamentally strong. Performance is consistently increasing. Nifty 50 stock. Also listed in foreign market. Can we expect a Bull run ? What do you think ? This is my personal view. I am neither sebi registered nor stock market expert. You do your own analysis. I am not responsible for any Profit or Loss.
NSE:TCSLong
by AmeyKajarekar
2