There’s strong triangle consolidation in Everest Industries near a solid support level. A minimal stop loss placed just below the trendline would be more effective.
A straightforward and simple price action pattern in DBOL: a triangle breakout. make use of it
After a solid consolidation phase, the stock has broken out and posted a strong breakout candle. Given the current market conditions, it's challenging to define a precise risk level, but setting a stop loss just below 4900 would be a wise choice
SAPPHIRE FOODS has successfully broken out of a significant consolidation within a triangle pattern. Consider setting a stop-loss in the range of 1480 to 1490.
"Following a period of strong consolidation, the stock is finally breaking out. If the current candle closes without a wick, it could signal an excellent buying opportunity."
Goodluck Industries has formed a strong bullish candle followed by an breakout, presenting a promising opportunity to enter the stock now with a stoploss below 888.
FAZE3Q has shown a strong bullish candle following a moderate breakout candle. This suggests a favorable entry opportunity if the stock closes with another strong green candle around the 463-465 levels or higher. It's advisable to place a stop loss below the trendline around 410-412 regions to manage risk effectively.
After consolidating for nearly a year, Sunflag has recently broken out of a triangle pattern with an average-sized candle. A strong weekly close would be a positive signal to consider entering the trade, with a recommended stop loss set between 10-12% below the entry point.
After a significant upward rally, Man Ind has been consolidating in the form of a triangle pattern. Today, it experienced a solid breakout, presenting a great entry opportunity.
RK Forge has just broken out of a triangular pattern, setting up for potential gains. If you're looking to enter, consider placing a stop loss around 12% below the current market price to manage risk effectively, and aim for a trade with a minimum risk-reward ratio of 1:3 or 1:2.
OLECTRA GREEN TECH is known for its significant price movements, typically following breakouts. Since its initial launch, the stock has surged from 4-5 Rs to 2200 Rs, marking a remarkable +47,000% increase. Currently, there appears to be a promising opportunity as the stock consolidates within a triangular pattern. With a suggested stop loss below the 1450 Rs...
TRIVENI ENGINEERING The stock has a good history of technical breakouts making it to go up almost 300% twice and now being currently in the rise, there is good opportunity right now as it's being alongside at the support and breaking out of a channel consolidation too presenting a favorable entry with STOPLOSS below the support levels which would be around 15%...
"Indian Bank has recently broken out of a pattern with a strong candlestick formation, presenting a favorable opportunity to enter into the stock with a stop-loss placement ranging anywhere between 8% to 10%."
APLLTD, having broken out of an average consolidation and nearing its earlier all-time high levels, is currently forming a triangle pattern. This presents a promising opportunity to enter in this stock, with a stop-loss set below the support trendline.
Taking a look at the weekly chart of Eris Lifesciences, I've noticed something interesting. It's been testing the 830-850 levels for some time , and recently managed to break through. Now, it's forming a triangular pattern around that price. This setup seems promising to trade. I suggest setting a stop loss of around 4%-10%, with potential targets ranging from...
Eris Lifesciences has been consolidating effectively within a triangle pattern, finding strong support at the trendlines. This presents an ideal opportunity for accumulation, either upon breakout or currently, with a stop loss positioned below the supporting trendline. If you're getting in now, use a stop loss around 800. If you're buying during the breakout,...
Summit Securities has confidently surpassed its previous decline levels and is currently consolidating around that price. It appears to have broken out and is now undergoing a retracement phase. This presents an ideal opportunity to enter, with the potential to capture gains ranging between 20% to 40%, while managing a risk of approximately 5% to 7%.
"D-Link India has recently shown a promising breakout candle, indicating a favorable area for accumulation Previously, D-Link India formed a triangle pattern, resulting in a significant 30% move. Currently, it's consolidating well from that point, presenting a great opportunity."