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Zonebreakout

TDPS preparing for a zonal breakout and 15-20% rally!!The stock had given a successful breakout from a major resistance/supply zone of INR263-270 in Nov 2023 and subsequently formed a one month trading range right above the breakout zone. INR 285-290 is now the new resistance zone that the stock is now eyeing to breakout out from in order to go past the INR 300 mark. On Wednesday's trading session the stock broke out from a minor trend line resistance with a slight uptick in volume. This minor breakout can provide the necessary fuel for the stock to clear the INR285-290 zone with some momentum. CMP - 278 SL - 264(5%) TARGET - 320(15%) RR - 1:3 Note*- Not a suggestion to buy/sell but a personal opinion on the stock. Please do your own research before taking any investing/trading decisions.
NSE:TDPOWERSYSLong
by neeraj_2_sharma
LUV ~ Swing Trade LongSouthwest Airlines, helluva airline stock has taken a massive hit during this WideSpread Bear Market. Just recently LUV has seen further selloff to levels seen at the COVID Crash Bottom. Major Support is definitely coming in here, and Demand is heavy. Buyers are and will step in at these prices certainly as the company is not failing... yet lol. With this in mind, we can be assured, some support is definitely in place at these levels for LUV. Now to the Real Technicals... - Bit of a Diamond Pattern forming, and it is breaking toward the upside. - Retested the 9 ema cloud just today, resulting in a solid healthy pullback following this zone break upwards. - TTM_Squeeze signaling Bearish Momentum Fading on the Daily, Weekly, and coming Monthly. - Candle over Candle, with the retest 10/17 (today) - Relatively strong in the markets past few weeks, discluding today. - Could see a little bit of an inverse H&S action if you look close enough! Cons : Earnings 10/27 can get in the way of this Technicals-Focused Swing Trade If we dont get break above, this could be printing a clear Bear flag... Otherwise, a good play to the downside!! Thesis : A break of 33.4 area could be explosive up to the previous zone area of the higher $30s Long > 33.4 line break Options Swing far out could be the play here or shares. **Just for putting on your radar, I think the setup is nice!**
NYSE:LUVLong
by ZachSap