DOLATALGO - Breakout in DayTimeframePrice consolidate above 120 range since April 2024. Previouly it breakout triangle pattern and gave good returns and now it breakout the small triangle today. Price is also near 200 EMA.
IRCTC Descending Channel breakout to watch.Descending Channel:
The price is trending downwards within a well-defined descending channel (yellow lines), with lower high and lower lows indicating a bearish trend.
Key Support and Resistance Levels:
Support:
788.50 appears to be a strong support level, as shown by the blue horizontal line, below that it can move towards 725 represents a more significant lower support level.
Resistance:
850 being the previous high and immediate resistance.
914.75 is resistance levels within the current channel.
A breakout above the 993.65 resistance could indicate further bullish momentum which till for new all time high.
RSI (Relative Strength Index):
The RSI is hovering near 53.64, It indicates a neutral to slightly bullish sentiment.
Recent Price Action:
The price has bounced off the 788.50 support and is attempting to move upward, nearing the channel's upper boundary. A breakout from the channel could signal a trend reversal.
Volume:
Volume appears moderate, which might suggest the need for stronger buying interest to sustain an upward breakout.
Potential Strategies:
Bullish Scenario: If the price breaks above the descending channel and closing above 850 resistance with strong volume, it could indicate a bullish trend reversal till 914.75
Bearish Scenario: A rejection at the channel's upper boundary or resistance levels of 850 may lead to further downside toward 725 or even 670.
Disclaimer -
The information provided herein is for educational purposes only. It does not constitute financial, investment, or trading advice. Consult a qualified financial advisor before making any financial decisions.
We are not liable for any monetary loss, that may arise directly or indirectly from the use of information provided
Infosys Long-Term Buy OpportunityInfosys looks promising for a 3-4 month investment at current levels, targeting ₹2500 or 30% upside.
Banco Products A nice symmetrical triangle breakout with volume.
Target zones are marked in green.
Stoploss as per risk appetite.
Vraj Iron And Steel - Daily - Short TermVraj Iron and Steel is trying to cross 20 EMA daily line.
if it closes above 20 EMA line with and close above small resistance then one can enter consider entry. Price is moving around 220-226 since few days.
Entry above 226 on daily closing basis
SL : 220, 212
Target 1 : 240++
Target 2 : 270++
Asian Paints - Contractions about to endPost result fall and dividend announcement stock has been trending sideways for approximately a month
As we can see a perfect VCP pattern formation is in the play
Upside small resistance at 2470 & 2500
Downside small supports at 2450 & 2420
Any side break and retest will further decide the path for the stock in coming days
India Cement Date 04.12.2024
India Cement
Timeframe : Day chart
Remarks :
A classical bullish consolidation is happening. Fibonacci retracement levels are plotted to see for buy on dips, if any. 50% & 61% entry are my personal favorite for long term 1 yrs to 3 yrs tenure.
Looks like some corporate deal is going behind the curtains !
Regards,
Ankur
Data Patterns: Triple Bottom Breakout Title: "Data Patterns: Triple Bottom Breakout with Institutional Support"
Stock: Data Patterns
Analysis:
Data Patterns has recently given a Triple Bottom Breakout, signaling a potential trend reversal after a period of consolidation. Institutional support remains strong, despite a correction following slightly weaker previous quarter financials.
Key Highlights:
Mutual Fund Holdings: Increased from 6.14% to 6.48% in the Sep 2024 quarter.
FII Holdings: Remain robust, showcasing consistent confidence in the stock.
Correction Complete: The stock corrected earlier due to weaker financial results but now appears to be resuming its upward trajectory.
Technical Setup:
Pattern: Triple bottom breakout on the daily chart.
Support: Established around the breakout level, providing a strong base.
Momentum: Watch for increased volume to confirm the breakout.
Trade Plan:
Entry: Post-breakout confirmation above current levels.
Target: Short-term target at ₹1520; mid-term target at ₹1600.
Stop Loss: Below ₹1400 to manage risk.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
IREDA CMP 207 Weekly Chart Forming Parallel channelIREDA is forming Parallel Channel on Weekly chart.
RSI 14 is going up slowly. Price is trying to cross 20 EMA line on weekly basis.
Resistance around 229-234, 260-264 and ATH 310
Support 189, 170
Target 1 : 310
Target 2 : 540++
Probable Time Period : 3-5 Months
"AYM Syntex: VCP Breakout with Strong Earnings and FII InterestStock: AYM Syntex Ltd. (AYMSYNTEX)
Analysis:
AYM Syntex has formed a Volatility Contraction Pattern (VCP), a bullish setup indicating potential upside. The breakout is confirmed with strong volume, signaling renewed buying interest. Recent fundamentals further bolster the bullish outlook:
Quarterly Revenue: ₹405 Cr (21.1% YoY growth).
Quarterly Net Profit: ₹4 Cr (179.8% YoY growth).
FII Interest: Foreign Institutional Investors' holding surged to 3.5%, a significant jump from 0.03% in the previous quarter.
This combination of technical and fundamental strength makes AYM Syntex an attractive candidate for a short-term swing trade. The target price is set at ₹255.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Volume: Strong confirmation on breakout
Institutional Activity: Sharp increase in FII holdings
Trade Plan:
Entry: On sustained trade above breakout level
Target: Short-term target at ₹255
Stop Loss: Below the most recent support within the VCP
Note: With solid earnings growth and increased FII interest, this stock is poised for a potential upswing.
Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout withStock: Divi's Laboratories Ltd. (DIVISLAB)
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
oberoi realitytarget is -2200 , after good fall of all shares , this stock only fell 100 point
which determines its strength
Skipper forming a base. Watch for a breakout.Breakout above 624 for long opportunities.
The risk is 12%
RR: 1:1.8.
The chart is shared for educational purposes. Please do your due diligence before investing.
#MONTECARLO - ATH BreakOut in Weekly chart📊 Script: MONTECARLO
Key highlights: 💡⚡
📈 Draves Box 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 on Friday (6 Dec’24) ABOVE 390 WCB
⏱️ C.M.P 📑💰- 280
🟢 Target 🎯🏆 – 28%
⚠️ Stoploss ☠️🚫 – 14%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅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!🥂
Gulf Oil cmp 1153.65 by Weekly Chart viewGulf Oil cmp 1153.65 by Weekly Chart view
- Support Zone at 1060 to 1100 Price Band
- Bullish Head & Shoulder made over 8 year's long timeframe
- Weekly Support at 1000 > 875 > 680 with Resistance at 1310 > ATH 1513.55
- Stock had briefly broken down the Support Zone but recovered over last 2 weeks
- Seems like the stock is picking up and closing above the Support Zone since 26th November is a positive outcome
RBL BANKHello & welcome to this analysis
Stock has activated two bullish harmonic patterns within the same potential reversal zone - Deep Crab and Bat.
As long as it holds 135 it could retest 190-200 (gap area), above that 225-235 (area of distribution before breakdown)
Decent risk reward set up for medium term perspective
JIOFIN - DONT BE A BLIND BULL YETFirstly, my positional view is BULLISH on this counter. Please refer to my earlier posts on the same script (link copied at the end of this post)..
My emphasis is on Entry at a favorable risk reward price point.
There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal.
Also, there is an unfilled GAP at 320 levels..
Ideally, I would expect the price to make a double bottom structure (retest of the 2-4 trendline from Oct'23 lows before the next big impulse move on the upside..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
WiproWipro formed a parallel channel.Buy if upper resistance line breakout, sell if lower support line breakout. Wait for 5m confirmation candle.
JIOFIN - End of Wave 4 - Ready for new ATHJIOFIN - End of Wave 4 - Ready for new ATH
It appears that JIOFIN has completed it's 4th wave down at 300, which happens to be the 50% retracement of the impulse from 2nd to 3rd wave.
The corrective wave ABC seems to have ended now and the internals of the entire move is also marked
It is a low risk set up (5% risk if SL is placed at 300) and the reward would be 50% or more (if it plays out the 5th as projected)
- On technical, 250-300 is also happens to be the accumulation zone previously. Price move and volumes are highlighted.
Since this script will be included in F&O, worth tracking it for the coming weeks
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
VIEW ON SBINBreakout on the stock
After sideways move of some days, stock has given breakout from it
Target 863/880
Stop loss 838
I am just representing my views
For educational purpose only.
BREAKOUT--- to watch outbig moves can be seen on breaking the demand zone. multiple support and volume shows a big move is up to emerge
[Basket] Equitas Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
