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Zomato Ltd. - Breakout OpportunityDate : 26-Nov-2024 LTP : Rs. 280.10 Targets: (T1) Rs. 298 --> (T2) Rs. 334 SL : Rs. 261 Technical View: • NSE:ZOMATO is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 298 on 24-Sep-2024, it has retraced 20% to 239.45 level. • NSE:ZOMATO has breakout from it's secondary downtrend with higher volume on 26-Nov-2024. • NSE:ZOMATO is trading above both 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 19-Nov-2024. • RSI is in buy zone and trading at 62.17. MACD is in bullish and trading at 2.92. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. 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.
NSE:ZOMATOLong
by vicky252
Consolation zone "Breakout Alert: Consolation Zone Upside Breach A bullish breakout has occurred, with the candle closing above the Consolation Zone's upper boundary. This development suggests a potential trend reversal, indicating a long trade opportunity. Trading Considerations: - Entry: Consider entering a long position above the breakout level. - Stop-Loss: Set a stop-loss below the Consolation Zone's lower boundary to limit potential losses. - Target: Establish a take-profit target based on the chart's overall structure and technical indicators. Please conduct thorough technical and fundamental analysis before making any trading decisions."
NSE:VSTIND
by SWING_TRADING5
Consolation zone "Breakout Alert: Consolation Zone Upside Breach A bullish breakout has occurred, with the candle closing above the Consolation Zone's upper boundary. This development suggests a potential trend reversal, indicating a long trade opportunity. Trading Considerations: - Entry: Consider entering a long position above the breakout level. - Stop-Loss: Set a stop-loss below the Consolation Zone's lower boundary to limit potential losses. - Target: Establish a take-profit target based on the chart's overall structure and technical indicators. Please conduct thorough technical and fundamental analysis before making any trading decisions."
NSE:VSTIND
by SWING_TRADING5
Breakout Reloaded with ATH in Sight | Fib Retrenchment Play |After delivering a 300% return over 18 months post-breakout, the stock retraced to a key Fibonacci level and consolidated for 6 months. It has now broken out of the consolidation pattern with a significant volume spike and has surpassed the 200 EMA, signalling renewed bullish momentum. The target is set at the all-time high (ATH), with a stop loss placed just below the former resistance level, which now acts as support. Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:MAHSEAMLESLong
by Indieconomic
TRENT Stock: Key Levels, Trends, and Trading StrategiesTrend Analysis Primary Uptrend: The stock has been following a strong upward channel, as shown by the blue trendlines. Over the past months, the price has consistently respected these trendlines, indicating strong investor confidence and sustained buying pressure. Current Channel Movement: The price is trading within a secondary ascending channel, showing shorter-term consolidation within the broader trend. This setup suggests that while the uptrend remains intact, the stock is in a phase of measured growth. Key Levels Support Levels: ₹6,688.75: A critical near-term support level, highlighted in red. This level aligns with the lower boundary of the short-term channel. ₹6,353.25: The major support level that the price must hold to sustain the broader uptrend. Resistance Levels: ₹7,081.15: A key resistance zone, which the stock has been testing recently. ₹7,234.70 and ₹7,445.10: Further resistances that could come into play if the stock breaks out above ₹7,081.15. ₹7,644.10: The ultimate resistance in the current setup, beyond which the stock could experience strong bullish momentum. Volume Analysis: A noticeable volume spike occurred during the last leg of the uptrend, signaling strong accumulation by investors. Current volume trends are more subdued, suggesting a period of consolidation, which often precedes a breakout. Key Observations Bullish Flag Formation: The stock is forming a bullish flag, a continuation pattern that often leads to further upside. A breakout above ₹7,081.15 could confirm this pattern. Potential Scenarios Bullish Case: If the stock breaks ₹7,081.15 with strong volume, it could rally toward ₹7,234.70 and eventually ₹7,644.10. Bearish Case: If the stock breaches ₹6,688.75, the next support at ₹6,353.25 will be crucial to watch. TRENT stock exhibits strong upward momentum, making it an attractive option for traders. A breakout above ₹7,081.15 could signal further gains, while buying near ₹6,688.75 support levels offers a favorable risk-reward setup. As always, implementing strict stop-loss levels and sound risk management is crucial to handle potential market volatility effectively.
NSE:TRENTLong
by ayusharya_001
#HEG - Stage 1 Accumulation BO going into Stage 2 Growth📊 Script: HEG Key highlights: 💡⚡ 📈 VCP BreakOut in Weekly chart. 📈 Price gave a good up move and consolidated before BO. 📈 Volume spike on Breakout 📈 MACD Cross Over 📈 One can go for Swing Trade. BUY ONLY ABOVE 610 WCB ⏱️ C.M.P 📑💰- 584 🟢 Target 🎯🏆 – 70% ⚠️ Stoploss ☠️🚫 – 34% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅ Boost, Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
HLong
by MMT_MakeMoneyTrading
ANANDRATHI bullish above 4400..?? - 5th December. ANANDRATHI: Bullish if ~9 month long consolidation range (@4400)is broken on good volumes and sustains. The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%) Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
NSE:ANANDRATHILong
by JJ_Breakouts