SuperChartz

SuperChartz

Key Levels: Support: 1000 Resistance: 1130, 1190 1230 Write-up: Darvas Box breakout trading is a trading strategy developed by Nicolas Darvas, a dancer turned investor, in the 1950s. It focuses on identifying and trading stocks or assets that break out of a predefined price range or "box." 1. **Simple and Objective:** Darvas Box trading is straightforward to...

SuperChartz

Key Levels: Support: 890 Resistance: 1130 Write-ups: A bullish flag breakout is a common chart pattern in technical analysis used by traders and investors to identify potential bullish trends. 1. **Pattern Formation**: A bullish flag is typically formed after a strong upward price movement (flagpole), followed by a consolidation period where the price moves...

SuperChartz

Key Levels: Support: 3050 Resistance: 3290 3400 3900 Writeup: 1. **Change in Trend Direction:** Breakouts indicate a potential shift in the price trend. 2. **Bullish Breakout:** Price rises above an upward trendline, suggesting a potential uptrend. 3. **Bearish Breakout:** Price falls below a downward trendline, signaling a potential downtrend. 4. **Entry/Exit...

SuperChartz

Key levels: Support: 140 Resistance: 160 The stock is returning from long-term consolidation, making an awesome pattern

SuperChartz

Key levels: Support: 2200 Resistance: 2400 2600 3000 Writeup: Support and resistance levels are crucial concepts in technical analysis: 1. **Definition**: Support is a price level where an asset tends to find buying interest and reverse its downward movement. Support reversal, therefore, refers to a situation where an asset, which was previously in a...

SuperChartz

Key levels: Support:150 Resistance: 190 Key write-up: 1. **Trend Validation:** It confirms a sustained shift in performance over several years, making it more reliable than short-term fluctuations. 2. **Long-Term Growth:** Multi-year breakouts often indicate consistent growth, suggesting the business or asset's fundamental strength. 3. **Investor...