Breakoutstocks
RBL Bank - Bullish Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NIFTY OUTLOOKSome part of NIFTY's bullish journey might still be remaining!!
Nifty exiting the 10-year-old channel and 14-Day RSI now confirming the break shows all signs of bullishness and none for the bears
We can stay long on NIFTY as long as there are no major reversal signs in price action or indicators like RSI
I can be wrong .....but the top for the market is yet to come and we can find NIFTY @ 17366 in August or by mid-September
THIS IS A MEDIUM TO LONG TERM VIEW and short term trades should be taken after confirmation with price action and indicators on the respective daily and weekly charts.
*****THIS IS NOT A INVESTMENT RECOMMENDATION (Just my views). Please consult your investment advisors before making an invt decision.******
Tata Power: Will it show some Power & Emerge as a Multibagger!! - Breaking of two patterns - chanell & flag pole
- Volumes increasing
- I think it will become a multibagger(3x-5x) stock
- View for 2-3 years.
Dis. : I am not a sebi registered analyst. Sharing for purely information only
Personally invested from 60 levels more added on 88 levels.
YETI - LongThis has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black leggings, kleenex & tissue, ipod & phone, yeti & mug / cooler