Ashoka Buildcon. Breakout and retest done-Broke out of a base and retest done.
-Volumes are improving
-Trading above Key DMAs.
-Good ROE and ROCE
Keep this on your radar.
SL is deep so please position size accordingly and do not put everything in one go. Fine-tune the SL and Target at your discretion.
Rectangle
Jubilant Pharma-Consolidation breakout can give good returnsJubilant pharmova has been trading in a big range since last few years.
Stock has managed to close above the resistance and has also retested the breakout.
Stock has potential to fly from this levels.
Keep stock in watchlist. A nifty500 stock and hence can be relatively safer option.
Not a recommendation.
Infosys Ltd. Watch for Darvas Box Breakout.
📉 Current Price Action:
Infosys is consolidating within a Darvas Box pattern, trading close to a 3-year-old resistance zone near ₹1,953.7. The stock is forming a base after a pullback, suggesting potential for a breakout.
📈 Trade Setup:
Entry: ₹2,002.1 (above the resistance zone)
Stop-Loss (SL): ₹1,707.6 (on a closing basis)
Target: ₹2,335.8 (medium-term potential)
🚩 Key Observations:
The stock is holding above its Key DMAs, indicating near-term strength.
Consolidation near a key resistance
Yatharth Consolidation Breakout in Progress?? Some Insights...⏺️Technical Analysis
⏹️S napShot
Entry: 672.9
SL: 578.8
Positional Target 795.6
692.25 is an immediate resistance, breakout from this level with volume and wide range candle can be considered for further addition or fresh entry. Exercise caution since overall market is bearish and sell on the rise.
✅Detailed Analysis
⏹️Price Action: The stock is currently in a consolidation phase, with strong support at ₹578.80 and resistance at ₹692.25.
⏹️Entry is suggested at ₹672.90, with an immediate ta
Emmbi Industries Ltd Technically checks many boxes.Emmbi Industries Ltd.
📅 Timeframe: Daily Chart
Technical Observations
1. Cup and Handle Breakout:
2. Inverse H&S
3. Base Breakout
The stock has formed a classic Cup and Handle and an inverse Head and Shoulders pattern, which is a bullish continuation setup.
3. Three White Soldiers:
Post-breakout, the stock formed Three White Soldiers (three consecutive bullish candles), a strong bullish indicator.
Fundamental Snapshot
💼 Market Cap: ₹300 Crores (Small Cap).
📊 Current Price: ₹169.
📈 Hi
OLA ELECTRIC MOBILITY: Consolidation After Channel Breakout.✅ Falling Channel Breakout: The stock recently broke out of a steep falling channel, indicating a potential trend reversal.
✅ Consolidation Above Support: Currently consolidating between ₹92-₹103, forming a solid base for the next potential move.
✅ Volume Spike on Breakout: Significant volume was observed during the breakout phase, adding conviction to the bullish bias.
🎯 Key Levels to Watch:
Entry: ₹103.30 (Breakout confirmation above the consolidation range)
Stop Loss: ₹88.53 (Closing Bas
SHARDACROP: Breakout Alert!
From our Previous entry( which I posted here) Stock clocked 23%. Now it is:
✅ Consolidation Above Breakout Zone: Healthy consolidation near ₹879, indicating strength and accumulation.
✅Base on Base Formation
✅ Volume Confirmation: Significant volume during the breakout phase, validating bullish sentiment.
✅ Support from Moving Averages: Price trading above the 50 and 200 DMAs, confirming a bullish bias.
🎯 Key Levels:
Entry Zone: ₹-879-880
Medium-Term Target: ₹1,050-1,100
Stop Loss: ₹773 (C
Rudrabhishek Enterp Ltd (REPL) Breakout with Huge Volume⚠️Risky Bet.
1. Early Entry above 264. SL 215. A retest of 240 levels is possible. Any signs of retest and reversal are an entry opportunity. Retest Level. 240
Or
2. Wait for a fresh breakout above 282 for an entry. SL Below the breakout candle.
These are my views and my way of doing things. Please do your due diligence and research. Do not jump into a trade with a huge allocation based on Tips.
Reasons to go Long:
✅Huge Volume 4x volume c
Maharashtra Seamless- Double Bottom & Rectgular pattern BreakoutMaharashtra Seamless has given a double bottom and rectangular breakout with big volumes. I am expecting this stock to move towards our targets. Other factors:
1. From a downward channel, the stock has started its reversal giving a double bottom and rectangular pattern breakout.
2. Volume Candle - The breakout candle is big volume candle
3. The 20 EMA is crossing 50 EMA is a sign of bullishness
4. Fundamentally:
- 55% market share share in seamless pipes
- Zero Debt
- 850cr of capex in till FY
CHALET 1D1. Pattern Breakout: Ascending triangle breakout on the daily chart.
2. Volume Confirmation: High volume (6.16M) supports the breakout.
3. Price Action: Current price at ₹1,013.85, up 9.28%.
4. Resistance Turned Support: Previous resistance at ₹900 now acts as support.
5. Target Projection: Potential upside target around ₹1,100 based on the breakout.
6. Trend: Strong bullish momentum indicating trend continuation.
Dhani Services Ltd. Based on Rectangle Pattern Breakout
1. Pattern Analysis
- Rectangle Pattern:
- Timeframe: 2 Years
- Description: The stock has been consolidating within a rectangle pattern, with a well-defined resistance at ₹75 and support at ₹40. This prolonged sideways movement indicates accumulation and a potential buildup for a significant move.
- The breakout above ₹75 marks the end of the consolidation phase and the start of an upward trend, confirming a bullish breakout.
2. Volume Analysis
- Volume Behavior:
- During the co
Breakout Soon Stock- Sastasundar Ventures Limited [SASTASUNDR
1. Pattern Analysis
- Rectangle Pattern (10 Months)
- The chart showcases a well-defined Rectangle Pattern, a consolidation phase that has lasted for 10 months.
- The upper boundary of the rectangle is at ₹372, which acts as a resistance level, while the lower boundary is near ₹280, serving as strong support.
- The price is attempting to break out of the rectangle, with a potential move higher if the breakout sustains.
2. Volume Analysis
- Volume and Price Action
- Signif
Polizybazar broke out of a consolidation. Looks good positionall It just broke out of consolidation. Looks good positionally. If 1968 is broken then can add further or look for fresh entry.
The market is yet to give a clear indication of a reversal. So please trade carefully. The chart shared is only for educational purposes.
Risk: 12.4%
Reward: 24.6%
RR: 1:2
Zen Technologies. Keep both your eyes on and keep it peeled. For:
- Darvas Box
-Vcp
-C&H
-Potential Stage 2 Breakout.
This is apt as a positional trade hence the SL is deep. Add 30-50% at breakout and add the remaining after a retest.
Please study the chart and do your research. Please position the size properly since the SL is deep.
MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024
NSE:SARLAPOLY
Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India.
Technical View:-
On monthly chart it has given a strong breakout on good volume and completed a retest,
CMP @94 look























