Amazing breakout on WEEKLY Timeframe - AZADCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
AZAD trade ideas
AZAD Engineering - Technical Breakout Alert🚀 AZAD Engineering - Technical Breakout Alert! 🚀
🔹 Industry: Producer Manufacturing - Metal Fabrication
🔹 Market Cap: ₹10669 Cr | PE Ratio: 123.5
🔹 Key Levels:
✅ Buy Zone: ₹1708 - ₹1844
✅ Targets: ₹2180 / ₹2314 / ₹2430
✅ Resistance: ₹2512
📊 Technical Highlights:
Strong breakout above trendline and EMA support.
Volume spiking with U/D volume ratio at 2.1, indicating bullish participation.
Indicators showing positive divergence with a 30% upside potential.
⚡ Plan Your Trade:
Position above ₹1844 with trailing SL at ₹1708 for targets up to ₹2512. Risk-reward remains attractive for medium-term swing traders.
#AZADEngineering #StockMarket #Breakout #TechnicalAnalysis #Investing
Azad Engineering Ltd - Stock Analysis
Analyzing the current setup of Azad Engineering Ltd, we see a promising trend reversal:
🟢 Buy Level around ₹1,690, indicating a strong support zone.
🔴 Sell Target at ₹2,190, aiming for a potential 30.98% gain.
💡 Key Insights:
Strong financials with improving EPS and robust revenue growth.
Positive volume trends and a bullish divergence in indicators suggest an upcoming rally.
Multiple resistance levels indicate a clear path towards the profit target.
Is this the next breakout stock in your portfolio? Let me know your thoughts! 📊
#StockAnalysis #AzadEngineering #BreakoutStocks #TechnicalAnalysis #TradingSetup
AZAD ENGINEERING LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.