BreakoutStocks

BreakoutStocks Updated 

Bank Nifty: on the monthly timeframe, the 53,000 level stands out as a crucial resistance line. The market's next significant move is contingent upon a decisive close above this barrier in the lower timeframe. The current pattern resembles a rising wedge.

BreakoutStocks Updated 

Cartrade Tech (nse: CARTRADE) stock is near its trendline breakout on the weekly timeframe, indicating a potential momentum. It's not perfect, but looks like a cup and handle pattern.

BreakoutStocks

Bank Nifty (banknifty) index weekly major support trend line will decide its next move. It is safe as far as trade above the line. On the other side, a major correction will start if closed below the trendline. Stay tuned and keep a close eye.

BreakoutStocks Updated 

Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of...

BreakoutStocks Updated 

Star Cement Limited (NSE: starcement) is facing resistance at its recent all-time-high range. Now the stock closed above 170 + level, looks good.

BreakoutStocks Updated 

Tata Chemicals Limited (nse: tatachem) stock may face the next resistance barrier around the critical 1300 level. Closely monitor this zone. The stock's price action near 1300 remains a focal point, influencing strategic trading decisions.

BreakoutStocks

The Nifty Midcap Select Index (NIFTY_MID_SELECT) is showing a rising channel breakdown, indicating potential bearish movement. Breaching lower trendline - traders may consider this as a caution period until the next bullish confirmation forms.

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Rico Auto Industries Limited (nse: RICOAUTO) seems to be gearing up for a potential bullish move with a Monthly Cup and Handle Pattern breakout.

BreakoutStocks Updated 

Hindalco Industries Limited (NSE: Hindalco): close above the 434 + level, it will rally upside and close below the long trend line, it will become weak.

BreakoutStocks Updated 

Crompton Greaves Consumer Electricals Limited is at the weekly support area. 275 is the last chance to get a good bounce.

BreakoutStocks Updated 

Central Depository Services (India) Limited is currently trading at the trendline. Symmetrical Triangle pattern in weekly timeframe chart. Sustain and closed below 1080 level, it seems not good. (nse: cdsl)

BreakoutStocks Updated 

Nykaa (FSN E-Commerce Ventures Limited): currently the stock is roaming exactly on the trendline. 1650 is a key level for downside/breakdown breakout. Closing is important. The bearish flag pattern is showing somewhat in the weekly time frame. Nykaa Analysis by Breakout Stocks App.

BreakoutStocks Updated 

Grasim staying below the trendline is looking weak. Keep an eye on the price action at the trendline, the level to watch is below 1590 -. ~ Breakout Stocks App

BreakoutStocks Updated 

Nifty 50 Index will face resistance at the upper trendline. Currently, price is inside a rising channel pattern. Stay cautious for the long position.

BreakoutStocks Updated 

Tata Motors (tatamotors) formed a falling wedge pattern breakout on a bigger timeframe (monthly/weekly) candlestick chart. The level to watch is 160 + or 120 -. Any side breakout and stay above/below this shared level, it will move one side. Thanks, Breakout Stocks App (Android)

BreakoutStocks Updated 

Reliance is at the 'make it or break it' breakout zone. The stock is currently hovering at trendline re-test levels. Either side move will happen.

BreakoutStocks Updated 

Multi Commodity Exchange (NSE: mcx) is now at make or break level. The key level is 1165. Keep an eye for breakout or reversal trade. Support and resistance analysis.

BreakoutStocks Updated 

Jubilant Foodworks (jublfood) sustaining above 1610 level, we may see breakout till 1645.