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Multiyearbreakout

Multi timeframe analysis - GMRINFRALet's look at the multi time frame analysis to get a better view of the trend of NSE:GMRINFRA . Monthly timeframe - It had given multi year breakout and made a new 52 week high in 2021. It's been retracing with decreasing volume since then. It also looks like previous resistance is now acting as a support and based on the candlestick analysis it looks like it will hold. Weekly timeframe - In weekly timeframe, retracement move has formed falling wedge pattern which indicates that sellers are losing control. The price made a breakout from falling wedge pattern with significant volume which indicates huge influx of buying pressure. 45 minutes timeframe - In 45 minutes timeframe another falling wedge pattern has been formed after price broke out from weekly wedge pattern. The price made a breakout from this falling wedge pattern with significant volume which indicates huge influx of buying pressure. There are different ways of playing falling wedge pattern. You can either play breakout after price closes above the resistance line or you can wait for the pullback after the breakout and enter at a support zone after getting a reversal confirmation. The price target should be of the same length as of the back of the wedge. Back of the falling wedge is highlighted with an ellipse. It terms of price, that is of a 15.20 points length. Target is set by adding the back length to the Wedge breakout level and it turns out to be around 51. Let's see how it plays out.
NSE:GMRINFRALong
by PriceActionTrader1
2
ADANI GREEN PRICE ACTION PATTERNNSE:ADANIGREEN broke out from 1 YEAR OLD ascending triangle pattern and gave excellent momentum in 1 week. Expecting a profit booking or some sort of small retrace before the next move. Track this stock in your watchlist and set alerts at fibonacci retracements pivots. (2 of them marked on chart) Wait for confirmation and enter with stoploss below the trendline. Let go of trade if no retrace comes. Targets: 2000/2200+ sl: below trendline (place dynamically) Position size accordingly. HAPPY TRADING!
NSE:ADANIGREENLong
by PriceActionSpotter
TALBROAUTO - Cup & Handle + Multi Year Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:TALBROAUTOLong
by TradewithAditya
Breakout and retest of Multi yr resistance zone by Emami Realty About the company - Emami Realty Limited is part of the Emami Group. The Company undertakes real estate projects in the residential, commercial, and retail sectors. It currently has projects under planning and development across West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, and Maharashtra Technical Analysis Emami Realty Ltd. has broken multiyear resistance ( which has proved to be important zone) and has retested the same with good volumes. We may expect this stock to rally after it crosses 96-100 zone. Till that time we may expect consolidation in this stock. Risk-Reward appears to be favourable in current situation. Stock is also moving in an expanding upward moving channel, upper range current being held at 98-99. 100 being psychological level as well, we may some sharp upward movement above 100. Keep this stock in watch for 35-45% ROI from current level in coming weeks.
NSE:EMAMIREALLong
by Sohamkulkarni
POTENTIAL MULTIBAGGER OF THE DECADE 1000% 🎯🔥📈Analysis is part technical and part fundamental. NSE:PFC has been consolidating in a sideways uptrend for almost 13 years. Price has recently taken a rejection from this channel pattern in the month of October. Going with the price action view, price should retrace all the way back to channel support, around 80-90 levels. An established support at these levels could present a golden buying opportunity for building wealth over long term. Alternatively, price breaking out this year could be the breakout of the decade. Stock's P/E ratio is currently at 2.9 whereas the sector P/E is at 22. A breakout from this channel has potential for price to go up by 800-1000% Company has also seen consistent growth in revenue and profits in last 5-6 years. Do keep this stock in your watchlist. Investment horizon is over 5 years. THIS COULD BE THE NEXT TATA POWER! Do comment your opinions on this! Thank you!
NSE:PFCLong
by PriceActionSpotter
2
PRECWIRE - Multiyear Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PRECWIRELong
by TradewithAditya
2
LSCC forming an ascending triangle!LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle. As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support. Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later. Fundamentally: * LSCCs earnings per share is expected to grow over the coming year * It has been performing really well with an 83.63% growth over the past year. Technically: * Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount. * If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38 * On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing. Target: * If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.
NASDAQ:LSCCLong
by HaseebKhan_90
Will EPRTs steady climb break all time highs from last year?EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020. Fundamentally: * EPRT's expected to deliver a year-over-year increase in earnings * This may cause the price to go higher and make new all time highs Technically: * EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up. * Not much volume but it's relatively stable volume coming in Trade idea: * Now would be a good time to get in if you want to be early * There's not much volume so we may see a small rejection from the resistance point * For a conservative approach look for a daily break above $29.34 before jumping in. * A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
NYSE:EPRTLong
by HaseebKhan_90