Flag Breakout witnessed with heavy volume.
Simple price action analysis . Just riding on a Breakout.
Inverted Head and Shoulder Breakout with good round bottom formation.
Self Explanatory. As one can see at times there are false spikes, which is why I raised the breakout level to 510 (closing basis) instead of 504-505.
After a breakout from arising channel with volume it found resistance from the rising wedge. Above the rising wedge the stock can fly. One can wait to see if there is any pullback tomorrow and enter on dips.
Although I had kept an eye on this stock, I'm posting this on a couple of requests. There are 2 prominent long weekly descending trend lines. I see quite a few resistances up to 43-45. Above that the road seems less congested for a nice drive. Risky traders can look to take it above 39.5 for a target of 42-45.
I've never been a fan of fancy indicators because price action is best leading indicator out there. This is one of the most popular and effective strategies for short term. I prefer the 3 candle compression because it works for me more often. One can experiment as per their liking with just 2 candles or more than 3 candles. Strategy is once the first 2...
Currently Nifty is Retracing. So the burst may not be with throttle, Nevertheless, OBSERVE and LEARN how and why if it runs/fails.
Anticipating a trend line breakout in both Price and RSI.
Self Explanatory. Riding a multi year breakout.
Riding the Breakout from a Flag.
Expecting a small retracement. Lets see if it retraces or not.