Madhusudan Ind. - Multiyear breakoutseems to be strong on wcb & mcb. If it sustains 19.95 on weekly basis then may give a good return. Have your own analysis or from your financial advior.
Multiyearbreakout
#L&THousing & Fin multi year breakout #stockmarketLTH is about to break its multiyear channel on daily chart, wait for it to give a BO and then enter.
Simple price action , no jazz.
ELS approaching its all-time-highs! Will it break through?ELS has been absolutely crushing it for the past 6 months with every month closing green!
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
ASHAPURMIN - Bull Flag Breakout + Retest & Reversal -Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
For a broader view, check out this weekly time frame chart -
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
VGUARD - Retest Structure - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks in order to reach the first target and then for final target it may take few months as the target is big.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
USHAMARTIN - Multi-year Breakout and Re-test | Weekly | Swing The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Entry can be made between range - CM to 50/-
SL will be below 36 for safe traders and risk taking traders can put SL below 44-45.
Target is shown in image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on multi-year breakout and other price behaviour.
Feel free to comment or message me for any kind of queries.
HINDALCO- Multibagger StockHINDALCO has given a breakout of 10-Year-old Channel, Trading with high volumes from the past 3-4 months.
RSI is also expected to break out from the crucial level. Hold for a minimum of 450-500 levels.
POLE FLAG BREAKOUT
Hindware: HSIL ltd, Multi year breakout, uncharted territoryHi All,
The whole space of home innovation looks great and Hindware is one of those renowned companies known for its products.
The stock has given multiyear breakout and is traversing in blue sky zone.
Buy the stock at current levels for short term targets (within 6-7 months) of 225 (23% up) and 250 (36% up).
Keep liberal stop loss of 150.
***ideas are my own** Invest as per your risk taking ability***
BCH Long (1 Hour)We just broke a multi-year trendline, and now we have a perfect bullish pennant which leads to a target around $780.
SYMPHONY - Monthly Breakout - Positional/Short Term InvestmentThis analysis is purely based on Price action. The analysis is done on monthly chart hence it may take one month to several months to achieve the final target. Traders must keep this in mind while trading.
As can be seen from the chart, 815 level is a MULTI-YEAR support level for the price. After multiple rallies, price has come down to test the support level and reversed from that level.
Other resistances are also marked in the chart for better understanding the price action in this stock.
During the major fall in March, it came down and again took support at the same support level. After consolidating for 8 months, price finally gave breakout in December 2020. The breakout is supported by huge volume candle as well.
Price has give breakout from Multi-year resistance trendline as well. (as shown in image itself).
A Double breakout from major support level with increased volume has very high probability of sustaining above.
Symphony also has good fundamental. Hence, One can enter in the stock with short term investment view or for Positional trades (entry can be made on Weekly chart as well). SL can be placed below the breakout candle or for safe traders, it can be placed below the consolidation zone (shown in image).
Targets are shown in image itself.
*Trade at your own risk & money management/position sizing. Always do your own study before entering into any trade*
Feel free to comment for any query or suggestion.
Do check out my other ideas for more understanding of price action & various chart patterns.
NUCLEUS - Retesting its Multi-year Breakout levels - SwingThis analysis is done purely on Price action. Analysis is done on weekly as well as monthly Time frame, hence it may take few weeks to couple of months to reach the Upside potential target.
Monthly chart is posted here to make viewers understand the stock movement in a better way.
Logic behind selecting this stock is shown in image itself.
Also the stock has been posting very good results and is almost Debt-Free. The business in which the company works is also growing manifold. Hence it can be good stock for swing trade.
SL and Upside potential level is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
PLATINUM: MASSIVE MULTI YEAR BULLISH TRIANGLE 🚀A massive triangle has been forming on the weekly Platinum chart.
Best is to wait until the weekly candle has broken through the 2020 highs with sufficient force. The riskier trade would be to wait for and entry around $750. In case the $750 resistance doesn’t hold, look for an entry around the 2020 lows.
Targets 1-4 are based on previous highs throughout the years.
Safest bet would be to ride the trend from $1100 to $1500.
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Crisil- Long Term BreakoutCrisil is breaking out from a resistance after long long time.
Important points to watch out for is spent some time before breaking out & Volume on the breakout candle is impressive.
Resistance is being breached after multiple touches which already made it weak.
Important Levels:-
Entry:- 1910-1950
Sl:- 1790 on closing basis.
Target 1- 2030
Target 2- 2140
Happy Trading Cheers.
Disclaimer:- I am not SEBI registered. Trade with caution and your own risk.
All the levels provided are only for educational purposes.
Multi-year Breakout in Supreme IndustriesThis is about positional trade opportunity (monthly or weekly) in Supreme Industries (a leader in plastic products sector).
As can be seen in monthly or weekly charts, 1476 level is acting as a multi-year resistance and the stock price has again come near that level. It has tested that level multiple times, hence chances of its breaking are high.
If the stock price breaks that level with volume (preferably in monthly time-frame), stock may show some really good up-move in coming weeks.
Trading Strategy would be to enter above the high of the monthly candle that breaks & closes above that resistance level and SL can be take accordingly (either below the low of the breakout candle or below the recent swing support).
Another strategy to enter the stock (if the breakout candle goes too high so that entering at that high would give bad Risk:Reward) would be to wait for retesting of the 1476 level and enter at the signs of reversal (upwards). Since it would be a multi-year breakout, if it breaks that level, it should retest that level in sometime shortly.
Target of this stock can be anywhere near 30% to 50% of up-move on that timeframe.
This is purely as per the study of weekly and monthly chart study of the stock and technical analysis.
MASTEK - Multiyear BreakoutThis is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks.
From the year 2000, there has been a resistance around 540.
In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly.
However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected.
Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
