Technical Alert: Aarti Industries (AARTIIND) Breakout Confirmation Aarti Industries has successfully breached the crucial resistance level of ₹460, closing above it. This breakout is significant, as the stock has resisted this level three times in the past. Trade Setup: Long Call - Target: ₹515 - Stop Loss (SL): ₹450 - Risk-Reward Ratio: Favorable Technical...
Market Analysis for 23,280 Level: Scenario 1: Gap Up on Monday (Breakout Possibility) Condition for Breakout: A higher high (HH) candle pattern on the daily timeframe is required to confirm the breakout. The breakout must be accompanied by strong volume. After the breakout, the market must sustain above the trendline for further momentum. If confirmed, the first...
Double Bottom Trade Setup Pattern Identification Double Bottom: Identified on the daily chart, indicated by the green line. Neckline (Blue Line): The key resistance level to watch for a breakout. Trade Entry Entry Point: Above the neckline, specifically at the 1408 level. You are looking for a breakout confirmed by the following candle making a higher high in...
Current Analysis of Lupin (Price: ₹2369) Market Position: Trading near all-time highs. Recent breakouts were observed on both weekly and daily charts. Entry Strategy: Daily Candle: Wait for a retest of the ₹2306 level before entering. Look for a higher high (HH) candle for confirmation. Weekly Candle: Consider entering if the candle closes above ₹2369 with a...
Indian Cement shares are trading near their 52-week high, and after four months, the stock is poised for a breakout with a potential upside of 23%, 95 points, from the current price. Given the risk-to-reward ratio is Good, we recommend maintaining a SL of territory low of four months. Trading at the current level is not advisable; instead, we suggest monitoring...
Container Corp Chart resistance is near 765. The Daily chart HH HL Candle indicates a Swing Trade is possible on the Current level of 783 for Target 860, which is the previous top. The last two days' volume has also been good—risk to risk-reward ratio is also 1: 3.5 ( SL 760)