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Breakoutsetup

VEDL long consolidation BOStock will start booming after a consolidation at a resistance before BO; otherwise, a reversal is likely from resistance if the supply is huge. For a successful breakout, we should ideally see a strong 1week candle on our chart—it’s crucial to use that timeframe. Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle As always, remember to do your own research before making any investment decisions!
NSE:VEDLLong
by ShivNetha
TKO is poised for a major multi-year breakthrough!Weekly Chart The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level. Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern. After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline. However, the stock found support at the 200 WEMA and rebounded from that level.. At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around. The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment. Daily Chart The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern. Since then, the stock has maintained its upward trend and is now close to a major breakout. The rising volume indicates that the price is preparing for an upward move.
NYSE:TKOLong
by NaranjCapital
2
DIXON BULLISH DIVERGENCE ON DAILY CHART!!!!Hello to everyone, As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in Dixon. The price consolidating in a range from last few days. As per the theory of range, the price will go to the side on which the breakout occurs. But here the price is trading in oversold zone and BULLISH DIVERGENCE is also happening between PRICE & RSI on daily chart. So there is higher probability of that breakout will happens upside. Dixon 👉🏻Added in watchlist✅👍 👉🏻Breakout possible above 2860+ close (Buy abv BO)✅ 👉🏻Above breakout gap filling possible 3150 to 3350+🎯 👉🏻Quality stock👍 👉🏻Base support made at 2550👍 👉🏻RSI Bullish Divergence✅ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
NSE:DIXONLong
by Jha_Nidhi
2
HIDDEN💎Script name: Tilaknagar Industries Cmp 137 Buy above 140 Safe buy above 145-150 Sl can be placed below 95 TGT 170-200+ Trail sl accordingly POSITIVE FACTORS Increased profitability over quarters Increased FII Holdings subsequently High ROE and ROCE NEGATIVE FACTORS High P/E ratio Doubtful increase in profitability in the last quarter Low book value 80% promoters holding pledge Imp note: It can be bought once it break its all time high with good volume else can be avoided. I AM OUT of this stock but due to it's gaining momentum had to analyse the same here . Note : It's my own view not any personal recommendation for the particular stock or entity to invest in. Do your own research and decide at your own risk.
NSE:TILong
by Paras_gujjar
5