Dr. Reddy's Laboratories Limited - Breakout Setup, Move is ON...#DRREDDY trading above Resistance of 6474
Next Resistance is at 7803
Support is at 5786
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakouttrading
Zydus Lifesciences Ltd - Breakout Setup, Move is ON...#ZYDUSLIFE trading above Resistance of 1128
Next Resistance is at 1297
Support is at 919
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Kirloskar Brothers Limited - Breakout Setup, Move is ON...#KIRLOSBROS trading above Resistance of 2587
Next Resistance is at 2997
Support is at 1786
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Marksans Pharma Ltd - Breakout Setup, Move is ON...#MARKSANS trading above Resistance of 180
Next Resistance is at 212
Support is at 134
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SWING IDEA - AEGIS LOGISTICS
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders.
Reasons are listed below :
Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation.
Breakout and Retest : After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum.
Bullish Marubozu Candle : A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum.
Attempt to Breach All-Time High : Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement.
Breakout from Consolidation : The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement.
50 EMA Support : The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias.
Increased Volumes : Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
Target - 520 // 600
Stoploss - weekly close below 380
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@visionary.growth.insights
Shilpa medicare on a Huge yearly Breakout !!Shilpa Medicare has given Multiyear Breakout !!
Stock has been consolidating from 2015
It's been almost 8-9 years stock has given No Returns
Stock has made Symmetrical Triangle pattern on a monthly timeframe
Pattern is showing targets of 1200-1300 in coming months
Thank you !!
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade.
The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
KAVA PRICE ACTION TRADINGToday i will try to explain how to play with Kava in a simple way.
- Remember always that in Cryptos are not easy as forex or stocks, because movements are always brutal.
- The first step is always to detect the real trendline.
- Detect 3 points. Bouncing Points, Rejection Points.
- Some traders use only 2 points, but i am old style trader, so i really need 3 Points to Draw the trend.
- Remove the abnormality ( FOMO and PANIC )
- Draw your line.
- Now you will need to find PRICE ACTION AREAS.
- Those areas can be easily detected by the price fluctuating for a long period of time in the same zone.
- For KAVA right now we are fluctuating between $0.75-$1.25$ ( Price action zone 2)
- Now you can draw your price action lines.
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METHOD 1
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- So to enter a position you need to understand that you never know if you are right, or if you are wrong. anyone have a magic ball.
- The best way is to NEVER GO ALL IN.
- Keep always more juice to rebuy if the market crash.
- For exemple, you could try to enter KAVA Market at 0.75$ (invest 25%), in case of DIP to 0.5$ (re-inject 75%) ( this is very important!!)
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METHOD 2
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- Simple wait to see if KAVA will break out the Trendline
- in that case you will need to wait the price to break out from triangle (Yellow Triangle)
- Again never go all in, on a breakout, some breakout could be fakes.
- Keep always Juice.
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- More you will understand and detect price movements, supports, resistances, breakouts, more you will trade better.
- Price action and trendline are the basic of trading.
- indicators are complementary.
PS : This method can also be applied by Shorting the market. ( just inverse everything ).
- Happy Tr4Ding !
Federal Bank Breakout: Strong Bullish MomentumFederal Bank has been following an ascending trend line, indicating a consistent upward movement. Recently, the stock has broken out above this trend line with significant volume, confirming a bullish momentum. Breakouts from such patterns typically signal strong potential for further upward movement.
Trade Setup:
SL: 177
TP: 195
This setup provides a strategic entry with well-defined risk management to capitalize on the bullish trend in Federal Bank.
Tesla - Breakout leading to four digits!NASDAQ:TSLA is attempting to break out of the long term descending triangle consolidation.
If you cannot wait patiently for your textbook setups, there is no chance you will make money trading. For almost four years, Tesla has been consolidating in a huge triangle formation. And it seems like Tesla is finally breaking out towards the upside. This breakout was actually not unexpected at all and provides a very high probability trading opportunity in the near future.
Levels to watch: $250
Keep your long term vision,
Philip - BasicTrading
SIWNG IDEA - MOTHERSON SUMI The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains.
Reasons are listed below :
Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough.
Stock is in Uptrend i.e higher highs are being made.
Price moved from 62 to 103 and then retraced till 0.382 Fibonacci level and is now breaking out.
Price is above 50 and 200EMA i.e the trend is intact.
Target - 123 // 134
StopLoss - Weekly close below 90
Wild tradeMassive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED.
This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out.
Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
CAVA Cup & Handle Breakout TradeHappy Tuesday everybody, the stock caba is set to make a breakout of a base soon and I'm going to make a play on it to see if I can catch that move doing a buy to open and setting my stop loss below Monday's low. This stock is part of the consumer cyclical sector which has been performing well possibly because of pending interest rate cuts leading to increased consumer spending with credit cards but I'm not really sure if that's the cause.
About The FX Crash & Cash IndicatorThe FX Cash & Crash Breakout indicator is a powerful Forex trading indicator on TradingView. Crash (consolidation or ranging market) and Cash (breakout from consolidation into a long or short trade).
It uses Heikin Ashi candle bars in combination with real price on the hourly chart to smooth price fluctuations and identify early range-bound price action breakouts. Consecutive gray bars indicate a crash move into a sideways market. A breakout occurs when it goes from a sideways market to either either green or red bars indicating the opportunity to cash in on a trending short or long market opportunity. While primarily designed for intraday trading, it can also be utilized for swing trading. It's crucial to use strict trading discipline, gain basic knowledge of trading practices, and focus on risk management. This indicator was created to enhance your marketing strategy.
ENSUSDTENSUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
HDFC BANK _ Next Target is 1994 rupees (0.6 Fibonacci Extension)HDFC Bank is approaching its all-time high. If it Breakout above the resistance level, HDFC Bank could reach a New All-Time High, with the first target at 1994 rupees (0.6 Fibonacci extension level). The second target is 2385 rupees (100% Fibonacci extension). This is a Long-Term projection, so it is important to follow trend continuation techniques.
I want to help people to Make Profit all over the "World".
ALERT - Indigenously developed Nuclear Submarine heading NEindigenously developed Nuclear Submarine " Pattern " - by Reliance Industries - is Heading NE
Targets Locked and Loaded
1st Target - 32* N, 10*E (Rs. 3,210)
2nd Target - 35*N, 25*E (Rs. 3,525)
3rd Target - 40*N, 20*E (Rs. 4,020)
4rd Target - 48*N, 28*E (Rs. 4,828)
Sorry folks - When I saw this pattern - I couldn't just control myself and came up with this Prank 🤣😆😄🤩
Anyways, Reliance Industries has broken out of a Box Pattern and is ready for a Blast