A long pending breakout is committed now with huge hourly volume spike. Also, buy till SL: 147 or spread your holdings till there as currently its a bit extended.
As you can see, the stock is trading very close to the 1 yr Resistance. And recent volumes have been sky high relatively since the IPO came.
With textile industry booming, here is another. In daily TF, it did a wedge breakout with massive volumes surpassing the so far high after covid. Targets are mentioned. Also, see this was its GAP resistance in the long term!
Also see my past idea attached gave 35% by today and here is my current idea. Today, it is breaking 4 yr resistance. Volumes in recent weeks have been sky high showing great accumulation. Targets are mentioned.
See the multiple places after zooming, how the stock has this major resistance since 2007. Right now we are having intense volumes and big bullish candles. Recently, also it has bumped onto it multiple times. I expect this time it cleared and will shine.
Look on the weekly volume bars, they clearly tell the story of prolonged accumulation. A huge volume spike supported BO finally happened today. Inv H&S is one of the best bets again. Note: This is weekly chart. The weekly candle will still vary, take your position as per daily TF
Trendlines and levels are marked.
Clear TL BO and Box representation. Good volume spike in 30min candle since its only the one completed yet. Also it did break the double top formation in 4hr TF
Down channel formation after gap down, preparing to erupt. Very close to upper TL. Bullish candles formed closing at day's high and prices kept on increasing till the last minute of today's session. Also, notice how the candle breached the dotted line stating intraday's resistance.
Notice the massive weekly bullish volumes stating huge accumulation. This scrip could potentially be for long term since its a bigger TF and a very large multi-year spanning pattern.
Excellent breakout with good bullish full body candle and massive volumes which are highest since Aug 20.
See the volumes. how bullish days volumes have been greater than bearish days. This says its building up something in behind from long. Also, making consistently higher lows that's again a bullish sign.
My past idea of TN Petro was fantastic, hoping this will be too. See, its breaking July 17 resistance with heavy volumes in daily TF. Also, you will cup and handle breakout. Multiple confluence, that's it.
Check other nifty energy scrips. You will get what I am saying. They all did breakout nearly in the same week. This says something.
Trendlines and arrows are marked. This scrip is already making higher lows in weekly TF so stating its obvious bullish nature and previous candle being bullish engulfing and current full body length candle very close to resistance. Also, with finance scrips already booming high. We can expect a heavy volume breakout so be ready to pounce on it when time arrives.
Targets are mentioned