State Bank of India - Breakout OpportunityDate : 5-Dec-2024
LTP : Rs. 865.45
Targets: (T1) Rs. 912 --> (T2) Rs. 1,023
SL : Rs. 765
Technical View:
• NSE:SBIN is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 912 on 3-Jun-2024, it has retraced 16% to 761.55 level.
• NSE:SBIN has breakout from it's secondary downtrend with high volume on 5-Dec-2024.
• NSE:SBIN is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA is also trading above 50 DEMA.
• RSI is in buy zone and trading at 62.74. MACD is bullish and trading at 10.63.
• Both RSI and MACD are showing positive divergence, indicating trend reversal.
• Looking good to start a new swing from here.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
BRIGHT BROTHERSBRIGHT BROTHERS -
Simple Horizontal breakout with volume support.
Breaking the long base.
SKIPPERBULLISH PENNANT pattern can see in this chart. Today, it has made the trendline breakout with the volume support.
EIDPARRY GOOD BREAKOUT ON DTFEIDPARRY currently at 896.40, can show a good bull run in the coming few days.
The stock has broken its ATH and might retest the new support level as shown above and fly to the moon.
EIDPARRY has always been a volatile stock, so trade safe.
PS: 898.85 is a crucial level for the stock on the 5M Time Frame, its built a resistance on 898 levels.
MANINDS reversingMANINDS reversing from its support zone and it broken its trend line, double bottom break out
so many confirmation patterns with good candle and increase in volume.
good for swing trade
PARADEEPPARADEEP has made the rectangle breakout on 30th Oct 2024. Today , it has given the trendline breakout with volume support. I'm expecting good up move in this stock.
BALUFORGE reverse BALUFORGE is reversing from it short term support line.
price is consolidating after a huge up move,
now it is again bouncing back from this consolidation support line.
quick swing can be done
PARAS: CLEAR BASE FORMATIONDouble Bottom formation near Demand Zone and big consolidation. possibility for a move of 30%
BSE is breaking out BSE is breaking out from its resistance with good candle and volume.
good consolidation near resistance and then breakout,
good for swing trade
3 Yrs Break Out on Monthly Frame with RetracementUTI AMC
Very Strong Fundamentals
Decent Long Term Pick for Investors
Plz Choice ANY 1 of the trading options & STICK to it
LTP 1320
For QUICK Traders
Enter Now with SL @ 1275
Tgts of 1400 & 1440
For Positional Traders
Add on Dips till 1200
SL CLB 1160 & 1100 ( Depending on your risk Appetite )
Targets 1450-1525-1625-1675-1775-1855
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Rgds,
Naresh G
Sebi Reg. RA
Likhita Infra double bottomChart -> Likhita Infra
Clear cut double bottom breakout with volume.
CMP: 387
Good Range To Buy: 375 to 390
Targets: 418, 450, 480
SL: 350 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Lupin Ltd. - Double Bottom Play!Looking at the past 15 trading sessions, an opportunity can be observed in Lupin Ltd. to go Long.
The stock has respected it’s crucial support level of 2000 twice and was able to provide enough strength to form a Double Bottom pattern. In today’s trading session, the stock not only managed to break the neckline at 2119, but also crossed it’s 50 day moving average.
The technical view remains bullish with a risk-reward of 1:2 where Stop Loss order can be placed at 2060 and Target order stands at 2250.
The above analysis is for educational purposes only and not a recommendation. Hence, Traders/Investors are advised to do their own research before creating any new positions. Happy Trading!
Auto Index In Nifty AnalysisThrough this video I will tell you about the auto index that there is still a chance in it, the components of the auto index are also in the range and they are showing signs of low prices, this is the place where you can buy better products at low prices
BSE ascending triangleChart -> BSE Daily
Ascending triangle breakout with volume.
CMP: 5200
Good Range To Buy: 4800 to 5200
Targets: 5600, 6000
SL: 4600 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
MAHARASHTRA SEAMLESS MAHSEAMLES
made a DOUBLE BOTTOM pattern on daily chart
it has made a 50% retracement on weekly chart
.
previously has brokenout of monthly chart after 13 years of consolidation
now, will be playing it on swing basis till 1080 levels
with an SL of 668
.
huge volume buildup can be seen on todays daily candle
Pattern researchgood study of price piercing seiko a with lower BB showing short covering, with Fib confirmation
ACE 1D1. Breakout: Stock broke out of a symmetrical triangle pattern, signaling bullish momentum.
2. Volume: High volume confirms the breakout.
3. Target: Potential upside target near ₹1,650.
4. Support: Immediate support at ₹1,200 (breakout level).
5. Resistance: Next resistance levels at ₹1,500 and ₹1,650.
6. Trend: Overall uptrend; strong continuation expected.
7. Strategy: Enter on pullbacks; use stop-loss as your position size.
All time high breakoutChart -> Anand Rathi Daily
All time high breakout with volume.
CMP: 4383
Good Range To Buy: 4250 to 4400
Targets: 4666, 4845
SL: 4150 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
