VIJAYA#VIJAYA - After the low volume pull back, the price is taking the support from 50MA and trying to move up. Stop loss level is on the chart.
VIJAYA trade ideas
Vijaya Diagnostic cmp 1191.00 by Daily Chart viewVijaya Diagnostic cmp 1191.00 by Daily Chart view
- Price Band 1010 to 1030 Support Zone
- Price Breakout sustained above Falling Resistance Trendline
- Price shouldering and respecting along the Rising Support Trendline
- Volumes are spiking heavily over the past few weeks indicating strong demand based buying
- Back to back Rising Bullish Rounding Bottoms made indicative of a bullish trend on the counter
Broadening Pattern Support idea with a Counter Trend Twist I daily make educational content for swing / positional trading
The chart displays a classic broadening pattern defined by the yellow ascending trendline and the red resistance line, which form a widening range. A white counter-trendline has emerged, offering a subtle confirmation of a potential reversal or continuation of the trade.
While this setup doesn’t qualify as a textbook breakout due to the limited touches on the counter-trend line, it still presents a compelling confluence near a critical support zone. The analogy to RSI divergence is applicable here—just as RSI bullish or bearish divergences strengthen setups by showing momentum shifts, a counter-trend breakout near support adds an extra layer of validation to this trade idea.
Although the counter-trend breakout isn’t overly powerful, its positioning above the support trendline enhances the strength of the overall setup, making it a viable trade backed by multiple technical factors. This could be considered a ‘stronger support’ trade, where the combination of trendlines and a minor counter-trend breakout signals potential upward momentum.
RSI analogy explained :
This setup can be compared to the analogy of RSI bullish divergence followed by a counter-trendline breakout. In a typical divergence setup, RSI makes a higher low while price makes a lower low, hinting at a potential reversal. However, the setup truly comes alive when price breaks a small counter-trendline, confirming the divergence. The counter-trendline breakout doesn’t have to be powerful—just a trigger that completes the bigger picture.
Similarly, in this chart, price has been respecting a strong upward trendline, bouncing off it multiple times and forming higher lows. Now, with price sitting on this well-defined support and giving a minor counter-trendline breakout, the setup becomes active. The counter-trendline breakout acts like a small cog in the wheel—it doesn’t need to be perfect or have many touches. Its role is simply to act as a final confirmation of the setup, aligning with the larger structure already in place.
Thus, this isn’t just a random breakout play; it’s a well-constructed, stronger support trade idea that gains validity from the confluence of multiple technical signals.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in VIJAYA
BUY TODAY SELL TOMORROW for 5%
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in VIJAYA
BUY TODAY SELL TOMORROW for 5%
Vijaya Diagnostics looks good Positionally. #tradeideas #Vijayadiagnostics. Medium/Long-term idea.
🟢Trying to Breakout From base.
🟢HH-HL structure intact.
🟢Good RSI.
🟢Good quarterly results.
🟢Trading above 50 DMA.
🟢Pharma/Diagnostics/Healthcare sector shows
promise.
🔴Volume needs a bit more improvement.
🔴Weak Market and chances of fakeout.
Please do not forget to:
-Manage Risk /Position Size.
-Respect SL
▶️Market Cap₹ ---10,521 Cr.
▶️Current Price---₹ 1,025
▶️Stock P/E---78.5
▶️ROCE---19.5 %
▶️ROE---17.8 %
Took Support on Accumulation Zone.NSE:VIJAYA broke out in the Resistance zone at 880 Which is now acting as a support Zone and now acting as an accumulation zone as it got accumulated and bounced back from that place only, making new ATH. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Vijaya - Flag Pole BreakoutVijaya :
Flag Pole breakout Done
Stay Long above 968 with immediate support at 936
VIJAYAVIJAYA on resistance breakout. Re-bounced from support zone. Just a little volume push may fetch it higher!
VIJAYA - 3 Months Consolidation Breakout - All Time HighVijaya Diagnostic Centre Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (1030 - 15.80% from the price 889.30).
4) Recommendation - Strong Buy.
Breakout Stock: Vijaya DiagnosticsThe stock has decisively broken the previous high levels of 877.
On the weekly closing if the stocks sustain 860 levels we can expect a good move.
However, a small pullback cannot be ruled out.
VIJAYA-Strong Closing Near Resistance Signals Potential Breakout
✅The stock is forming a symmetrical triangle pattern, a consolidation phase that typically precedes a breakout. The stock has been closing near the upper resistance of this triangle, indicating strong buying pressure and the potential for a breakout to the upside.
✅The ascending trendline within the triangle has provided consistent support, helping to maintain the stock's upward momentum. This support, combined with the strong closing near resistance, suggests that the bulls are in control.
VijayaBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
Vijaya1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
Long VijayaGood Sector , Good fundamentals
Excellent breakout forming base
Sustained above 50% of breakout candle for a week
cmp 794
sl 700
target 1000
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in VIJAYA
BUY TODAY SELL TOMORROW for 5%
Cup and handle pattern breakoutGood volume build up in weekly time frame.
Cup and handle breakout successful with good candle.
Wait for retest for conformation.
NOTE: i do my analysis, do yours before trade.
Rising wedge patternBreakout conformed with good volume in daily time frame of rising wedge pattern.
Wait for retest conformation.
NOTE: I do my analysis, do your before trade.
Vijaya diagnostics retest completedVijaya diagnostics posted good results. Cup & handle pattern. Fundamentally sound company.
LTH1) breakout chart
2) trend line support
3) ascending triangle breakout
4) stock getting 720 as support
No recommendation for buy and
Vijaya diagnostic New 52 weeks high setupNew 52 weeks high setup
Entry above 720-740
SL 650
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
Amazing breakout on Weekly / Daily Timeframe - VIJAYA
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
