The price approaches a resistance level, we have two potential scenarios: if it breaks through the level convincingly, it could signal a bullish opportunity for a long trade. However, if we observe a rejection candle forming at that resistance, it might indicate a potential reversal and a forthcoming decline in price.
-reversing from lower trendline
-if shows momentum from here then it will also break symmetrical triangle pattern
-rsi & volume also rising
-keep in radar it can give decent return
-risk reward is very good
👉 Introduction
Breakouts are crucial in trading because they offer opportunities for quick gains through momentum. However, trading breakouts can be challenging. Around 80% of breakouts fail due to market inertia—where markets tend to continue their existing behavior. When a range attempts to break a comfort zone, some participants defend their positions,...
BECTORFOOD - in a strong uptrend after an orderly pullback broke out with volume on the upside.
DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor
Kindly add the stock of Bector food to your watchlist. Watch stock is trading at the 50 EMA level. Now stock is again at an area of value. On any bullish signal take the entry above 1184. This is for your educational urpose only.
#BECTORFOOD trading above Resistance of 1237
Next Resistance is at 1616
Support is at 858
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#BECTORFOOD trading above Resistance of 858
Next Resistance is at 1237
Support is at 624
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Stock Name - Mrs Bectors Food Specialities Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1174
#This is not Buy and Sell recommendation to any one. This is...
Stock Name - Mrs Bectors Food Specialities Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1100
#This is not Buy and Sell recommendation to any one. This is...
There were clear positive divergences on weekly charts in RSI and OBV. Price made new lows but RSI and OBV on the other hand didn't. Such setups give a good long term entry on breakout.
#BECTORFOOD trading above Resistance of 624
Next Resistance is at 858
Support is at 479
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
