Weeklybreakout
Dalmia Bharat next week target 1860Dalmia Bharat could be a good stock for the next week which looks better as per technical analysis, the stock is up trending on the daily chart. The stock is trading 53% on the daily chart as per the RSI indicator, indicating the strength of the stock. This stock can prove to be a better option for buying next week.
ICICI Bank next week target 1220, 1240, or 1260If you are looking for a good stock for the next week, ICICI Bank can be a best stock on our golden parameters. The stock has moved from downtrend to uptrend according to our parameters on the daily chart, of course the stock is still below the pivot point but the possibility of an uptrend in it cannot be ruled out. The stock closed at an upper level today after the consolidation of the last three weeks. Which can prove to be a better option for the next week.
BKR & ED: Keep an eye for multiyear breakoutBaker Hughes Company
The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern.
After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern.
Subsequently, the stock entered another period of consolidation, gradually trending upwards.
During this time, an Ascending Triangle pattern formed, and the price has recently achieved a successful breakout.
If it maintains its position above the breakout level, the uptrend is expected to persist.
Consolidated Edison
In the weekly chart, the price initially moved downwards and created a Falling Wedge pattern.
Typically, when this pattern emerges, the price surges higher following the breakout.
In this case, the price indeed soared to its record high around the 102 mark post-breakout.
However, the stock couldn't sustain the upward momentum and swiftly dropped from the all-time peak.
Subsequently, a consolidation phase began, with the price consistently finding support at the 200 EMA.
At present, the price is poised for a breakout, potentially leading to an upward rally upon confirmation.
Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ
After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter.
Finding stability near the 47 level, the price surged within a Rising Wedge formation.
Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected.
Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend.
With two successive breakouts, the stock is currently advancing with strong volume backing.
RTX
We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past.
After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high.
However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern.
Once the pattern broke down, the price dropped back to its previous support zone.
Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level.
At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.
RPGLIFERounding Bottom Breakout.
Huge Accumulation done.
Volume Buildup seen.
Above all EMA.
Good for Short Term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
DHI, BX & CG - Charts Suggest a Possible Upward MovementD.R HORTON
After analysing the historical stock price, it is clear that the stock has been on an upward trend.
Following the market crash in March’20, the price began its upward movement.
During this uptrend, the price initially formed a Bullish Pennant pattern, leading to a surge after the breakout.
Around the 107 level, the stock faced resistance and started to decline.
However, the stock found support near the 60 level and started to climb again.
During this consolidation phase, an Inverted Head & Shoulder pattern emerged.
After the breakout of this pattern, the stock price consolidated above the breakout zone and recently experienced a new breakout.
It is anticipated that the trend will continue upwards and the price will reach new highs.
BLACKSTONE
After a powerful rally, the stock price experienced a notable correction.
It rebounded from the support around the 72 level.
Following an upward movement, the stock reached its trendline resistance area and faced rejection.
However, instead of dropping, the stock price began consolidating just under the resistance zone.
The stock recently achieved a new breakout.
With the RSI above 60, it suggests bullish sentiments in the market.
CARLYLE GROUP
The stock had been on a strong uptrend, hitting an all-time high at the 60 level.
However, it later plummeted by around 60% from that peak.
Following the drop, the price stabilized at a support level and consolidated for a while.
Now, the price seems poised for another breakout, potentially leading to a new rally.
With the RSI slightly above 60, it suggests bullish sentiments in the market.
Watch out FDX, ZION and HLNE - Prices are ready to soar!FedEx
The stock price has been following a downward trend within a parallel channel.
After reaching a base near the 145 level, the price started to move in an upward direction.
With the support of a trendline, the stock managed to break through its trendline resistance with strong volume.
As long as the price remained below the 50 EMA, it faced resistance from the 50 EMA. However, once it broke above the EMA, it found support from the 50 EMA multiple times.
The current RSI is above 60, indicating the strength of the buyers.
The MACD line recently crossed over the signal line from below, signalling a bullish sentiment.
Zions Bancorporation
After the Symmetrical Triangle pattern breakout, the price surged and reached a high near the 75 level.
However, the stock failed to sustain the uptrend and dropped to its support zone.
A Head & Shoulder pattern emerged, signalling bearish sentiment.
When the neckline was breached, the price significantly dropped to its previous support level near 22.
The stock then moved up with higher trading volume.
It later formed an Ascending pattern and recently experienced a sharp breakout.
The current RSI is above 60 and trending upwards, indicating buyer strength.
Hamilton Lane
Before, the stock price made an Ascending triangle pattern and after breaking out, the price consolidated before going up.
The stock price encountered a sharp rejection around the 115 level and fell significantly.
Following a substantial consolidation, the stock formed a Cup & Handle pattern.
When this pattern appears on the chart, it typically signals a continuation of the trend.
After the breakout, the stock price is on the rise.
The current RSI is above 60 and the RSI line is also trending upwards, demonstrating the strength of the buyers.
HARSHA ENGINEERS INTERNATIONAL LTDCompany is almost debt free.
Company has delivered good profit growth of 56.4% CAGR over last 5 years
The combined share of operating losses at China and Romania came down significantly because of China
reporting positive profit in Q4 FY 2024. However, Romania continued to report operating losses in Q4 FY
2024.
➢ While the demand situation in Europe both on the Wind as well as on the Industrial front remains
subdued, our strategy in Romania is to improve product mix by increasing the share of cages, which is
aimed at bringing Romania to Break-even level in FY 2025.
➢ Solar Business has reported a decent growth in top-line as well as profitability, on the back of a
favourable renewable policy regime, with our strategy continued to be on limited capital allocation in this
segment, but still allowing the same to operate in its natural tangent.
➢ The progress on our Greenfield project is satisfactory and is expected to commission in FY 2025.
On a consolidated basis Q4 FY 2024 was the strongest quarter in the current fiscal FY 2024 reflecting an allround
improvement in the top line as well as the EBITDA and PAT margins. The consolidated top line of Q4
FY 2024 has shown a growth of 17% over Q3 FY 2024 and 11% over Q4 FY 2023. The consolidated EBITDA of
Q4 FY 2024 has also grown by 23% as compared to Q3 FY 2024 and 10% as compared to Q4 FY 2023.
➢ On full year basis, while consolidated top line of FY 2023-24 reflects a marginal growth over FY 2022-23, the
EBITDA and PAT of FY 2024, though lower than FY 2023, are still reflecting a significant recovery as
compared to H1 FY 2024 and are better than our expectations.
➢ The growth in Bushing business as well as additional demand growth due to China + 1 factor was in line with
our expectations. The Progress on outsourcing projects (insourcing to outsourcing) was satisfactory, and the
growth in Japan based customers’ segment, though slightly muted, has remained positive.
➢ The expected growth in large size bearing cages segment could not be achieved due to continued global
slowdown in the Wind as well as Industrial Segment, but is expected to catch up next Fiscal.
ALL TIME HIGH BREAKOUT STOCKNSE:DCAL
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Perfect on-neck pattern breakout on daily chartA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:SPARC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Nifty Give a Breakout of Life time.Nifty has given a proper lifetime breakout on Friday. This Breakout has opened channel which can take Nifty towards 20700+. Resistances on the way will be at 20445 and further at 20734. Supports for Nifty will be at 20013 and 19675 on a weekly chart. These projections will be valid if Election results will be similar to Exit Poll results. If there are results which are against the popular trend and in antithesis to the Exit Poll results, we can see a mild or massive sell off too. So be watchful of the Assembly Election results.
CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND
Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart.
Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels.
Weekly:
• June 2nd week we can see a big green candle engulfing past multiple weeks.
• June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through.
• If we look carefully whole week the stock was trading between the range. July first week we can see a boom!
Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume.
It’s good time to go long for 155-160 targets.
SL: 117
I have already taken this trade.
This is only for educational purpose, please manage your risk accordingly.
HAL consolidation BreakoutHAL has been testing the 1500 levels from last 7 months. It is a good long trade if it closes above 1500 today since it has never given a daily closing above it.
It is a breakout from inverted head and shoulders pattern and target can be 15-20% positionally.
Stoploss can be below 1410 DCB.
Just for educational purpose.
BHARAT BIJLEE DAILY CHART : Lots of price actionThe share of Bharat Bijlee daily chart lots of price action you can learn, if you are interested read below
The first learn the trend line after 21st Jun the share follow the trend line, after trend line breackdown the trend line work like resistance
27oct 2022 the share strong bullish candle formation this candle break the previous high and trend line
after breackout share share is pullback, after pullback this is now good for the entry
What you think, please comment
Royal orchid hotels ltdRoyal orchid hotels ltd good for swing trading
breakout on weekly chart
volume high on daily chart
Buy 272
1st target 329
2nd target 385
sp 211
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes
UPL - Ready for breakoutAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
OMG WEEKLY BREAKOUT!OMG
I want to show this chart as a transition from a Long TF, medium TF, then a short TF.
Weekly TF you can see we are breaking out of a Bull Pennant which is very bullish, take the flag pole and add to the breakout to get the target.
Spot trade, back test all your Technical Analysis, only use leverage once you have successfully won 100 trades on SPOT.
If you are going to copy trade from someone make sure they are reputable.
Not Financial Advice