GENUSPOWER- Bullish Breakout and Strong Volume Support
Bullish Breakout Above Resistance: The stock has broken above a significant resistance level at ₹389.10, indicating a bullish trend.
Range Trading Since July: The stock had been trading within a range from July, between ₹343.70 and ₹389.10, before the breakout.
Strong Volume Support: The recent breakout is supported by good volume, adding strength to the bullish move.
Positive RSI: The Relative Strength Index (RSI) is above 50, suggesting continued momentum in the upward direction.
Breakoutsignal
IREDA Nearing Breakout Levels: Key Zones to WatchIndian Renewable Energy Development Agency (IREDA) is approaching a critical breakout zone. Currently trading at ₹244, it's positioned within a key range with strong resistance at ₹310. Keep an eye on the stock for a potential breakout above ₹254 or a breakdown below ₹233. These levels could define the next major move.
HDFC Bank Ltd - Approaching Breakout LevelsHDFC Bank is nearing a potential bullish breakout above 1,684.00, with the next resistance level at 1,794.00. The stock has been consolidating and shows signs of upward momentum. Keep an eye on these levels for a decisive breakout, which could lead to a strong move higher.
Patanjali Foods Ltd: Bullish Breakout with Strong VolumePatanjali Foods Ltd has demonstrated a significant bullish breakout supported by strong volume. The ascending trend line confirms the upward momentum. This breakout signals potential for further upward movement, as indicated by the strong buying interest and RSI close to the overbought zone.
Adani Ports Approaching Key Resistance Level
Adani Ports is nearing a crucial resistance at 1613.50.
Potential bullish breakout observed.
Strong uptrend sustained since October 2023.
Positive Q1 results could fuel further upward momentum.
RSI close to 70, indicating strength but approaching overbought territory.
UsdCad Trend Line Break Out!Looking for Impulse Down.
UsdCad break out TL and will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
HFCL Ltd (HFCL) Breaks Out with Strong Volume
Breakout confirmed with a bullish move above the resistance level.
Significant increase in trading volume, indicating strong buyer interest.
Critical support level established as a strong base.
RSI approaching overbought territory, suggesting potential for further gains but also warranting caution.
NQ Power Range Report with FIB Ext - 8/1/2024 SessionCME_MINI:NQU2024
- PR High: 19644.25
- PR Low: 19582.25
- NZ Spread: 139.0
Key scheduled economic events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
FOMC day saw strong breakout from prev end of week range
- Continuing above prev session high
Evening Stats (As of 10:15 PM 7/31)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 373.80
- Volume: 35K
- Open Int: 245K
- Trend Grade: Bull
- From BA ATH: -6.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
HINDPETRO - Awaiting Breakout OpportunityGood Volume Support: Strong trading volume indicates healthy interest.
Waiting for Breakout: Monitoring for a key breakout point.
Ascending Trend Line: Positive trend with consistent upward movement.
Breakout Soon: Anticipating potential breakout based on current trends.
#SRM_Contractors All time high breakoutTechnical Analysis -
Resistance of Rs.240 is broken with huge volumes, potential to very high return in 1-2 years.
Fundamental Analysis -
Company is an Infrastructure player majorly works in Jammu & Kashmir region. Main clientele of this company is mainly Govt. companies like Border Road Organization, Indian Railway, National Highways Authority of India, etc.
Recently won 3 orders of new projects combined worth 568.25 Cr. Making their orderbook of 1248.25 Cr (guesstimate it can be more)
1INCH 🦄 Ichimoku Weekly Breakout! | Profits PlanHey guys!
Analyzing past movements, we can see price used to move inside a downwards channel until it broke out from it. But not only that, it broke out and pierced through the Ichimoku Cloud in the weekly timeframe which is huge!
So here's some plan:
1) Condition: -price must breakout from 0.58 towards the upside. After that, it should re-test the zone to give a chance to get into a trade. (DONE)
2) We can set targets 0.90 - 1 dollar mark
3) If price closes above 1.10 we can expect a move towards the following target zone: 1.60 - 1.90
4) For the bears scenario (we must include it even if we feel might not happen at all) Price could fall back into the range and give an awesome opportunity to buy lower even. And a realistic price would be around 0.27 but BEST optimal would be at around 0.20
Let's see how it plays out!
Kina Tip of the Day : My ideas and trades are all for SPOT modality. I don't recommend futures trading unless you really know what you're doing and you're up to get glued into the charts. If you want to live your life and still make money then relax, sit back, analyze and create your own strategy that could be based from another teacher but you must feel connected to it otherwise it won't work in the long run, no matter what you do. So, never give up and keep fighting for independence.
Keep it Shiny! ✨
Kina, The Girly Trader