Windmachine Long Setup | Strong Momentum & Breakout Potentiall!📈 Key Level Breakout: Strong bullish candle closes above previous high, confirming breakout.
🔍 Momentum Confirmation: High volume and strong price action indicate buyer strength.
🎯 Entry Point: Enter on a retest of the broken high or on candle close above resistance.
🛑 Stop Loss: Below the breakout candle’s low to minimize risk.
🎯 Target Levels: Next key resistance or measured move projection.
WINDMACHIN trade ideas
WINDSOR S/R Support 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.
Double Bottom Breakout - WINDMACHIN📊 Script: WINDMACHIN
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is giving Double Bottom Breakout on daily chart, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 180
🟢 Target 🎯🏆 - 199
⚠️ Stoploss ☠️🚫 - 174
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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