Breakoutsetup
SBIN: Watch for Breakout - Bullish or Bearish?
Bullish Breakout Level: Above ₹832.15
Potential Upside: Targeting ₹899
Bearish Breakout Level: Below ₹794.75
Potential Downside: Targeting ₹731.10
Critical Juncture: The stock is at a key decision point. Monitor closely for a breakout in either direction to plan your trade.
Coal India Ltd - Approaching Breakout LevelCoal India is nearing a crucial resistance level at 543.00. A breakout above this level could signal a strong bullish move. The stock has been following an ascending trend line, showing consistent upward momentum. Watch for a potential breakout and follow the trend for trading opportunities.
TKO is poised for a major multi-year breakthrough!Weekly Chart
The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level.
Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern.
After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline.
However, the stock found support at the 200 WEMA and rebounded from that level..
At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around.
The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment.
Daily Chart
The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern.
Since then, the stock has maintained its upward trend and is now close to a major breakout.
The rising volume indicates that the price is preparing for an upward move.
Adani Ports Approaching Key Resistance Level
Adani Ports is nearing a crucial resistance at 1613.50.
Potential bullish breakout observed.
Strong uptrend sustained since October 2023.
Positive Q1 results could fuel further upward momentum.
RSI close to 70, indicating strength but approaching overbought territory.
HINDPETRO - Awaiting Breakout OpportunityGood Volume Support: Strong trading volume indicates healthy interest.
Waiting for Breakout: Monitoring for a key breakout point.
Ascending Trend Line: Positive trend with consistent upward movement.
Breakout Soon: Anticipating potential breakout based on current trends.
Island Gaps and Hidden Accumulation: SONONASDAQ:SONO has a lot of Island gaps and another just in the past few months.
The compression of price into a sideways trend is a good pattern.
Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of price. Institutional holdings is strong at 85%.
DIXON BULLISH DIVERGENCE ON DAILY CHART!!!!Hello to everyone,
As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in Dixon.
The price consolidating in a range from last few days. As per the theory of range, the price will go to the side on which the breakout occurs. But here the price is trading in oversold zone and BULLISH DIVERGENCE is also happening between PRICE & RSI on daily chart. So there is higher probability of that breakout will happens upside.
Dixon
👉🏻Added in watchlist✅👍
👉🏻Breakout possible above 2860+ close (Buy abv BO)✅
👉🏻Above breakout gap filling possible 3150 to 3350+🎯
👉🏻Quality stock👍
👉🏻Base support made at 2550👍
👉🏻RSI Bullish Divergence✅
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
HIDDEN💎Script name: Tilaknagar Industries
Cmp 137
Buy above 140
Safe buy above 145-150
Sl can be placed below 95
TGT 170-200+
Trail sl accordingly
POSITIVE FACTORS
Increased profitability over quarters
Increased FII Holdings subsequently
High ROE and ROCE
NEGATIVE FACTORS
High P/E ratio
Doubtful increase in profitability in the last quarter
Low book value
80% promoters holding pledge
Imp note: It can be bought once it break its all time high with good volume else can be avoided. I AM OUT of this stock but due to it's gaining momentum had to analyse the same here .
Note : It's my own view not any personal recommendation for the particular stock or entity to invest in. Do your own research and decide at your own risk.
IEX NEAR BREAKOUT LEVEL !!!The price consolidating well in a range of 128 To 154, and now price trading near the breakout level. If price breaks the level of 154 and closes than sharp upmove can possible in next coming trading sessions./b]
#IEX (W)
👉 Stock Consolidating well👍
👉 Support 128 below that 108📈
👉Breakout possible above 154+📈
👉Buy Above Breakout Confirmation🎯
👉Keep On radar✅