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Breakoutsignal

Breakout stock life time High Weakly chart 1) Life time High working as resistance for the stock but now breakout at 228-230 level. 2) Channel pattern follow and now breakout. 3) Higher high and higher low formation. 4) 2018 and channel pattern breakout with High valume 5) global market in down but this stock breaking life time High so the have potential to create new life time High 6) stock may be take advantage of government development just resently announced by PM Modi 7) keep stop loss of 175-180 8) my Target to be 500 is the sentiments resistance 9) risk reward fit 1:6 10) 50SMA 170 this can be considered for stop loss 11) SMA 100 152 12) SMA 200 98 NO RECOMMENDATION FOR BUY OR SELL
NSE:BIRLACABLELong
by investigationofchart
How to trade Fake Breakouts in the range Range trading, characterized by price oscillations within defined support and resistance levels, offers traders a structured approach in sideways markets. However, even within these stable waves, deceptive price movements known as fake breakouts can occur. These false signals can lead traders astray if not properly recognized and managed. In this article, we'll delve into the world of fake breakouts within range trading, equipping you with strategies to identify and navigate these misleading market dynamics. Understanding Fake Breakouts: A fake breakout occurs when price seemingly breaches a support or resistance level but quickly reverses back into the established range. These deceptive moves often trigger stop-loss orders and entice traders into taking positions in the direction of the apparent breakout, only to experience a sudden reversal against their trades. Fake breakouts are fueled by market manipulation, emotional trading, or sudden news events. Here are few examples of fake breakouts in big Time-frames : Often, this is not enough for entering a position. Combine this with divergences on RSI or other factors for entry. Key Characteristics of Fake Breakouts: Swift Reversal: A true breakout sustains its direction, while a fake breakout swiftly reverses back into the range. High Volatility: Fake breakouts often coincide with spikes in volatility due to market confusion and emotional reactions. Trapped Traders: Traders who entered positions based on the fake breakout are "trapped" when the market reverses, leading to potential losses. Navigating Fake Breakouts: Confirmation Through Candlesticks: Wait for candlestick confirmation beyond the breakout level. A close above resistance or below support lends greater credibility to the breakout. Increased Volume: Look for a surge in trading volume accompanying the breakout, indicating genuine market participation. Use of Indicators: Rely on technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to validate breakout momentum. Strategies for Trading Fake Breakouts: False Breakout Reversal: Enter positions in the opposite direction of the fake breakout when price returns to the range, targeting a retracement towards the opposite boundary. Wait-and-Watch Approach: Allow the breakout to develop and wait for confirmation before entering a trade, avoiding pre-mature positions. Risk Management When Dealing with Fake Breakouts: Tight Stop-Loss: Set a tight stop-loss order beyond the breakout point to limit potential losses if the breakout reverses. Position Sizing: Allocate a smaller portion of your capital to trades involving potential fake breakouts due to the increased risk. Pros and Cons of Trading Fake Breakouts: 👍 Pros: Opportunities in Deception: Skilled traders can capitalize on market deception by trading against fake breakouts. Enhanced Risk Management: Proper identification of fake breakouts allows traders to minimize losses through tight stop-loss orders. 👎 Cons: Increased Complexity: Identifying fake breakouts requires additional analysis and indicators. Risk of Mistakes: Mistaking a genuine breakout for a fake one or vice versa can lead to missed opportunities or losses.
Education
by Yaroslav_Krasko
Sapphire Foods India Ltd - Breakout StockAnother Breakout stock that came on my radar is Sapphire Foods India Ltd This stock has been consolidating in a range since its listing. The consolidation is happening in an ascending triangle. Currently, the stock is trading near the resistance in a small range of approx 12 % from the past 9 weeks, suggesting there's is a high chance of a breakout this time. And if the breakout happens the consolidating range would replicate on the upside and we can see the stock moving towards 2000 levels in the coming months.
NSE:SAPPHIRELong
by manuagarwal21
HPAL Ready For Breakout HP ADHESIVES is a stock that can be another great positional pick considering the great risk-reward ratio it is offering right now. The reason I picked this stock is that, it has been consolidating for the past 8 weeks in a tight range of approx 8-10%. And this consolidation is happening at previous resistance around 410-460 levels, where the stock took resistance multiple times in the past. Price Resistance First in Jan 2022 Second on April 22 Third on Sep 22 And this time from June 22 By looking at price action, the breakout looks inevitable on the charts and stock can move fast towards 500 to 560 levels in the coming weeks which would constitute approx 20-23% return in a short span of a few weeks.
NSE:HPALLong
by manuagarwal21
Breakout Trade in SHOPShopify is emerging from a beautiful Stage 2 base. SHOP is up more than 100% since the start of a year – a clear sign this is a market leader. Notice how volume is higher on the rallies up and lower when the stock pulls back. This is a subtle clue that buyers are in control and the smart money is building a position. The breakout on Thursday came on 2X its average daily volume and the stock closed at the high of the candle – both good signs of a legitimate move. I want to see SHOP stay above the breakout level or, at a minimum, above its 21-day moving average (blue line on chart).
SLong
by rossgivens
$LCID Wedge Setup - Potential Breakout Ahead! 📉📈Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈 🔍 Symbol: NASDAQ:LCID 📅 Timeframe: Weekly 📌 Wedge Formation: NASDAQ:LCID has been consolidating within a narrowing range, forming a wedge pattern. This pattern is characterized by converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The tightening price action indicates diminishing volatility, typically preceding a significant breakout move. 📈 Breakout Confirmation: To validate the wedge pattern, we'll need to see a clear breakout above the upper trend line. This breakout should ideally be accompanied by an increase in volume, indicating strong buying interest. Keep a close eye on as a potential breakout point. A decisive move above this level could signal a bullish breakout. 🎯 Price Targets: If the breakout occurs, we can project potential price targets based on the height of the wedge pattern. Measure the distance from the starting point of the wedge to the upper trend line and add it to the breakout level. Consider as potential price objectives to keep an eye on. ⚠️ Risk Management: Remember to implement appropriate risk management strategies. Placing a stop-loss order below the lower trend line or at a level that aligns with your risk tolerance can help protect your capital in case the breakout fails and price reverses. As always, conduct thorough research and consider additional factors such as market conditions, news events, and overall trend analysis before making any trading decisions. 📊 Hashtags: #LCID #WedgePattern #BreakoutOpportunity #TechnicalAnalysis #TradingView Please note that this analysis is based on technical analysis principles and should be used as a starting point for your own research. Market conditions can change rapidly, so stay vigilant and adapt your trading strategy accordingly. Happy trading! 🚀💰 Disclaimer: This content is not financial advice. Trading carries risks, and it's important to only trade with funds you can afford to lose. Seek advice from a qualified financial professional before making any investment decisions.
NASDAQ:LCIDLong
by STP_MrNodeItAll
5
CLNE Pump to $5.66 in a few Days🐂 Trade Idea: Long - CLNE 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 4.90 🐿 DCA: No 😫 Stop-Loss: 4.21 🎯 Take-Profit #1: 5.66 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Clean Energy has a strong weekly support over multiple years in the 4.00 region that was holding strong the last couple of months. After consolidating bullish inside the bigger box on the top right corner we saw a break-out yesterday. Considering the strong weekly support and the successful break-out with one large candle we can try to catch this trade right away. We do not want to see it falling below the it’s local higher low at around 4.22 which leads to our stop loss just below that. This trade should play out in a couple of days. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:CLNELong
by LGNDRY-Capital
1