Sapphire Foods India Ltd - Breakout StockAnother Breakout stock that came on my radar is Sapphire Foods India Ltd
This stock has been consolidating in a range since its listing.
The consolidation is happening in an ascending triangle.
Currently, the stock is trading near the resistance in a small range of approx 12 % from the past 9 weeks, suggesting there's is a high chance of a breakout this time.
And if the breakout happens the consolidating range would replicate on the upside and we can see the stock moving towards 2000 levels in the coming months.
Breakoutsignal
HPAL Ready For Breakout HP ADHESIVES is a stock that can be another great positional pick considering the great risk-reward ratio it is offering right now.
The reason I picked this stock is that, it has been consolidating for the past 8 weeks in a tight range of approx 8-10%.
And this consolidation is happening at previous resistance around 410-460 levels, where the stock took resistance multiple times in the past.
Price Resistance
First in Jan 2022
Second on April 22
Third on Sep 22
And this time from June 22
By looking at price action, the breakout looks inevitable on the charts and stock can move fast towards 500 to 560 levels in the coming weeks which would constitute approx 20-23% return in a short span of a few weeks.
Breakout Trade in SHOPShopify is emerging from a beautiful Stage 2 base.
SHOP is up more than 100% since the start of a year – a clear sign this is a market leader.
Notice how volume is higher on the rallies up and lower when the stock pulls back. This is a subtle clue that buyers are in control and the smart money is building a position.
The breakout on Thursday came on 2X its average daily volume and the stock closed at the high of the candle – both good signs of a legitimate move.
I want to see SHOP stay above the breakout level or, at a minimum, above its 21-day moving average (blue line on chart).
comp buy long Entry: 71.51
Profit: 220.91 (208.92%)
Stop: 51.14 (28.49%)
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
IONQ is set for a breakoutNYSE:IONQ is breaking out from Stage 1 into Stage 2 with huge volume. Note this is on weekly and it would need at 2-3 quarters to pain out. For investors who want to hold long term the initial breakout is good entry point, but for traders they should wait for 2nd bounce after retrace from initial breakout.
NYSE:AI is retracing today back to the mean.
$LCID Wedge Setup - Potential Breakout Ahead! 📉📈Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈
🔍 Symbol: NASDAQ:LCID
📅 Timeframe: Weekly
📌 Wedge Formation:
NASDAQ:LCID has been consolidating within a narrowing range, forming a wedge pattern. This pattern is characterized by converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The tightening price action indicates diminishing volatility, typically preceding a significant breakout move.
📈 Breakout Confirmation:
To validate the wedge pattern, we'll need to see a clear breakout above the upper trend line. This breakout should ideally be accompanied by an increase in volume, indicating strong buying interest. Keep a close eye on as a potential breakout point. A decisive move above this level could signal a bullish breakout.
🎯 Price Targets:
If the breakout occurs, we can project potential price targets based on the height of the wedge pattern. Measure the distance from the starting point of the wedge to the upper trend line and add it to the breakout level. Consider as potential price objectives to keep an eye on.
⚠️ Risk Management:
Remember to implement appropriate risk management strategies. Placing a stop-loss order below the lower trend line or at a level that aligns with your risk tolerance can help protect your capital in case the breakout fails and price reverses.
As always, conduct thorough research and consider additional factors such as market conditions, news events, and overall trend analysis before making any trading decisions.
📊 Hashtags: #LCID #WedgePattern #BreakoutOpportunity #TechnicalAnalysis #TradingView
Please note that this analysis is based on technical analysis principles and should be used as a starting point for your own research. Market conditions can change rapidly, so stay vigilant and adapt your trading strategy accordingly.
Happy trading! 🚀💰
Disclaimer: This content is not financial advice. Trading carries risks, and it's important to only trade with funds you can afford to lose. Seek advice from a qualified financial professional before making any investment decisions.
CLNE Pump to $5.66 in a few Days🐂 Trade Idea: Long - CLNE
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 4.90
🐿 DCA: No
😫 Stop-Loss: 4.21
🎯 Take-Profit #1: 5.66 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Clean Energy has a strong weekly support over multiple years in the 4.00 region that was holding strong the last couple of months. After consolidating bullish inside the bigger box on the top right corner we saw a break-out yesterday. Considering the strong weekly support and the successful break-out with one large candle we can try to catch this trade right away. We do not want to see it falling below the it’s local higher low at around 4.22 which leads to our stop loss just below that. This trade should play out in a couple of days.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
GRSE-LONG DAILY TIME FRAME NSE:GRSE
Stock is in continue uptrend from last few days it has never traded below its previous swing in past few days.
On 27th-June stock has shown Bullish Engulfing (Bullish price action) which is good sign for positional equity/swing traders.
We can go long if it opens flat on Tuesdays (28th June) trading session.
SL: 550 Target: According to your risk reward 1:1 or 1:2
This is only for educational purpose, please manage your risk accordingly.
EURAUD Update I What to Expect from this PairWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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