Breakouttrading
SWING IDEA - NEW INDIA ASSURANCE COMPANYthe New India Assurance Company Limited (NIACL) currently presents a compelling swing buying prospect.
Reasons are listed below :
After multiple tests in the 250-260 zone, NIACL has successfully breached this critical level, signaling a potential shift in momentum.
A bullish marubozu candle on the daily timeframe emphasizes the strength of the upward movement, suggesting sustained buying interest.
Breaking free from a two-month consolidation period, NIACL is poised for a new directional move, indicating a release of pent-up energy in the market.
The consistent formation of higher highs underscores the stock's upward trajectory, reflecting a positive trend.
The overall uptrend is evident, providing a favorable backdrop for traders looking to capitalize on potential price appreciation.
Trading comfortably above both the 50 and 200 exponential moving averages (EMA) signifies a robust position and adds a layer of confidence to the bullish case.
Increased trading volume during this period supports the validity of the breakout, providing additional confirmation of the stock's upward momentum.
Target - 300 // 347
StopLoss - daily close below 242
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@visionary.growth.insights
AUDNZD Technical Analysis BreakoutSee picture above:
Swing Traders keep eye on AUDNZD over
next couple weeks for potential setups
waiting for price to break-out.
some traders will trade the momentum break
some traders will trade the re-test
some traders will look to trade the fail break-out
Some traders will look for the confirmation re-test.
IVP LTD - A BREAKOUT TRADEHELLO FRIENDS
Here I am sharing chart of IVP LTD which recently have given breakout with good intensity of volume and the scenario that confirms the upside move are shown in below charts.
Macd in DAILY TIME FRAME on breakout candle is positive uptick.
confirming with double time frame, MACD in weekly time frame is also positive uptick
RSI in daily time frame is positive uptick and the measure is above 50 which confirms bullish moment
RSI in weekly time frame is positive uptick and the measure is above 50 which confirms bullish moment.
Summary- the stock have given breakout of downward trendline and is ready to move upside.
Disclaimer
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and losses.
AUDUSD Potential Buy setupReasons for bullish bias:
- Price made an inverse Head & Shoulder
- Safe entry at breakout of HH (DOW theory)
- Price has bounced from strong support
- TP1 is at H&S projection
- SL will be moved to new HL once trade gets active
Entry Level: 0.65434
Stop Loss Level: 0.64850
Take Profit Level 1: 0.65704
Take Profit Level 2: 0.66005
Take Profit Level 3: Open
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold.
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Explanation of my video analysis:
In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Next Multibagger! 11 YEARS BREAKOUTNSE: IFCI (1M)
- It gave 11 years breakout and it will become a multibegger in upcoming years.
long term view
TAKE YOUR SEAT AND BE READY FOR A BULL RIDE
Entry: at retest
SL: 30
TAREGT: T1-70, T2-100 or you can just take 1:1 or 1:2
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
Good Consolidation and breakoutGHCLTEXTIL
Textile sector stock which consolidate in a range from past 6 months and give a breakout on weekly & Monthly TF. Here i expect a good move with a small SL and First target 25%.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
It going to give 13 years Breakout!Bajaj Hindustan (Ethanol/Sugar Company)
if it sustain above 35 then I'm bullish in this for 100% gain.
It'll going to give 13 years breakout.
Keep an eye on this.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
part-2 of Multibagger of 2024! Govt. focus sector for 2024URJA Global
Govt. launched so many schemes this year related to this sector. this stock is traded at near 2 Yrs high. I'm bullish for long term. Buy at every retest and profit booking.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
CADCHFCADCHF 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 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
GTCUSDTGTCUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.3400
What you guys think of this idea?
NZDCHFNZDCHF was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.53200
What you guys think of this idea?
EURUSD Breakout OpportunityHi Traders!
EURUSD is in a descending triangle, and there is a possibility of a break below the trendline support.
Here are the details:
The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline at 1.07237.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
NMDC - After 12 Years breakout.NMDC, a public sector stock listed on NSE. it gave 12 Years range breakout. Its look healthy consolidation and then Breakout. It may gave 50% Upside move and I'm bullish on NMDC.
Disclaimer: Its not any advise from my side just a pure Price Action. Use your capital wisely and take a advise from financial advisor.
JASMY ANALYSIS🔮 #JASMY Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #JASMY and trying to retests the level. It's a 12hr time frame breakout and we will see more higher price in long-term. If the price closes above the major trendline then there will be a confirmation of bullish movement 📈📈
💸Current Price -- $0.007200
📈Target Price -- $0.005294
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#JASMY #Cryptocurrency #Breakout #DYOR
Part 3: Multibagger 2024,this stock will blasted this year!NSE: Hathway (1M)
Good consolidation before this upside move
We'll may see it on the resistance in coming months as from 2 Yrs Media sector don't gave any momentum so This year may gonna be boom for media.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
Good Opportunity! Trading at Best buying priceDear all investor and traders,
here you can see in above image that how IEX gave a good consolidation on weekly TF and If it sustain above 149 on weekly TF then you can see a good upside move.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.