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Breakouttrading

Intel - Is this for real?NASDAQ:INTC created a top formation and is dropping hashly ever since - be careful! Click image above to see detailed analysis Catching falling knifes will go wrong 9 out of 10 times and you will cut yourself very badly. Just in a couple of months, Intel is down about -65% and is not slowing down at all. This honestly seems like the possibility of bankruptcy is not that far away and investors and trader should be extra careful. We have support coming soon, but the question is: will it stabilize price? Levels to watch: $18 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCShort
by basictradingtv
8
ALNY, LTH & ZETA - The momentum may drive prices to new heights!Alnylam Pharmaceuticals The stock price has encountered several rejections around the 212 level, leading to subsequent corrections. After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level. Consequently, the stock underwent another correction. Following this, the price entered a consolidation phase, forming a Box pattern for a while. In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it. Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume. Life Time Group Holdings Following a rejection around the 22.5 level in November 2021, the stock experienced a significant decline, dropping to just 8.75. Subsequently, the price began to rise again, eventually returning to its previous strong resistance level after a lengthy climb. However, it struggled to break through that barrier and faced another substantial drop. During this downturn, the stock hit a low around 11.3 and then navigated through numerous fluctuations, leading to the formation of a Symmetrical Triangle pattern on the chart. After successfully breaking out of this pattern to the upside, the price surged and managed to overcome the resistance level. If the stock can hold onto this level, we might see even more upward momentum in the days ahead. Zeta Global Holdings The stock price had been consolidating within a Box Pattern before breaking free. Since that breakout, the stock has experienced a steady uptrend, marked by higher highs and higher lows. Amid this upward movement, a Cup & Handle pattern formed, signaling that the trend is likely to persist. Following the breakout, the price is now climbing higher, supported by a significant increase in trading volume.
NASDAQ:ALNYLong
by NaranjCapital
Tesla - It was a clear fakeout!NASDAQ:TSLA just confirmed a false breakout and is now reversing towards the downside. Being able to only read price action properly can already make you a profitable trader. Tesla was attempting a triangle breakout last month but closed with a significant bearish wick. Therefore this is considered a false breakout and Tesla will head lower over the next couple of weeks since it is still trading below the resistance trendline. This was just pure price action. Levels to watch: $160, $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLAShort
by basictradingtv
2
CERA SANITARYWARE is At ALL TIME HIGH with Positive NumbersNSE:CERA Established market position in the sanitaryware segment and diversified revenue profile: Cera has a track record of nearly three decades, strong brand image and a large retail network in the sanitaryware industry. It is one of the leading players in this segment, which has been one of the largest revenue contributors over the years, accounting for around 47% of turnover in fiscal 2024. Over the past few years, Cera has been leveraging its strong market position in the domestic sanitaryware industry by venturing into related business segments, such as faucets, tiles and wellness and allied products, thus becoming a complete bathroom solutions provider. Successful diversification into related businesses has helped lower dependence on the sanitaryware business, besides improving the efficiency of the distribution network. Intense competition and volatile demand from the real estate sector led to sluggish revenue growth in fiscal 2024. However, with improving demand prospects expected and demand from real estate to remain healthy with projects reaching completion over the next 2-3 years, revenue in the sanitaryware segment is likely to see healthy growth over the medium term. Sanitaryware, faucetware, tiles and other products accounted for 47%, 36%, 10% and 7%, respectively, of the company’s turnover in fiscal 2024. Also, the company has presence across various domestic markets in south, east, north and west, providing adequate geographical diversity. Healthy financial risk profile: Networth was healthy at Rs 1,358 crore and gearing low at 0.02 time as on March 31, 2024. Debt protection metrics are expected to remain strong, in the absence of large, debt-funded capex and healthy operating performance. Cash accrual is expected at ~Rs 180-230 crore per annum and will comfortably fund the capex plans in fiscals 2025 and 2026 and incremental working capital requirement. Hence, reliance on debt is expected to be low, sustaining strong debt metrics over the medium term. Company is almost debt free. Company has been maintaining a healthy dividend payout of 31.4%. ZERO DEBT COMPANY Cash and Cash Equivalents of Rs. 828 crore; primarily liquid investments. • No Contingent Liabilities for Joint Ventures POSITIVE FREE CASH FLOW EVERY YEAR Consistent cash generation each year • Annual Capex requirement < Free Cash flow generation. • Increasing gap between annual cash flow generation less dividend outflow and capex. • Regularly paid dividends for the last 30 years + AGGRESSIVE FOCUS ON CAPEX Fixed Asset turnover of ~5.6x. • Uniform organization-wide policy to monitor receivables – credit not used to drive revenues. • ERP automatically shuts down fresh supplies to dealers / customers with dues in excess of 45-60 days Multilayered Marketing Infrastructure. ⚫ Enhances retail experiences, retailer owned ⚫ Currently 1,067 Cera Style Centre’s (CSC’s) operational ⚫ Over 1,400 CSCs planned in the next 3-4 years ⚫ Minimum size of showroom ranges between 100 sq. ft. - 500 sq. ft. Multilayered Marketing Infrastructure ⚫ 11 CERA Style Studios (CSS): Ahmedabad / Mumbai / Bengaluru / Kolkata / Cochin / Hyderabad / Trivendrum / Morbi / Kadi / Mohali & Lucknow (Upcoming) ⚫ Discerning customers including influencer's can touch and feel products ⚫ No sales orientation / pressure ⚫ The average size these company owned showroom are approx. 7,000 sq.ft. ⚫ With more than 14,000 sq.ft. of display, Hyderabad CSS is the largest company showroom in this industry
NSE:CERALong
by iism-ExpertTrading
Bitcoin - When will we see the breakout?BITSTAMP:BTCUSD is preparing its most bullish breakout of the entire trading history! After a couple years of trading experiences, you will simply stop paying attention to your emotions. Looking at the chart of Bitcoin objectively, you can see that everything is still incredibly bullish. Despite the hesitancy at the previous all time high, Bitcoin is also not rejecting it towards the downside. Eventually, we will just see a monstrous bullish breakout. Levels to watch: $70.000 Keep your long term vision, Philip - BasicTrading
BITSTAMP:BTCUSDLong
by basictradingtv
6
SWING IDEA - CDSLConsider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form. Reasons are listed below : Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a strong close, indicating potential bullish momentum. Bullish Marubozu Candle on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe suggests strong buying momentum and potential upward movement. Breakout from 5+ Months of Consolidation : The stock has broken out from a consolidation phase lasting over 5 months, indicating a significant shift in market sentiment and potential for sustained upward movement. Spike in Volumes : A notable spike in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for CDSL. Trading Above 50 and 200 EMA : CDSL is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation. Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains. Target - 2200 // 2400 StopLoss - Daily close below 1820 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CDSLLong
by Visionary_Growth_Insights
... Pure Technical Tukka ... KHADIM INDIA LTD ... NSE:KHADIM as per Studies Thought by Institutions ... we are assuming -6.6 % of SL and Going for the Target of +24.15% ... That means ... we are Maintaining around 1:4 RR (Risk Reward Ratio) This Trade is Pure Tukka ... Fundamental Ratio's Are Not Satisfying ... Every Analyst Would Say that Stay Away From Khadim India Ltd ... Then Why Our Page is Sharing This Stock As Buying Suggestion ? Entering a Trade with a STOP LOSS ... SL of -6.6% .... is not a Bad Practice .... if anyone is Afraid of SL then He/She should stop or quit Trading ...
NSE:KHADIMLong
by iism-ExpertTrading
SWING IDEA - MPHASISMphasis , a prominent IT services company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : Break of Cup and Handle Pattern : The price has broken out of a cup and handle pattern, a bullish continuation pattern that indicates potential for further upward movement. 2830 Resistance Zone Breakout : The 2830 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish marubozu candle on the weekly chart signifies strong buying pressure and suggests potential for continued upward movement. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling a potential new bullish trend. Target - 3460 // 3900 Stoploss - weekly close below 2475 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:MPHASISLong
by Visionary_Growth_Insights
2
Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter. Finding stability near the 47 level, the price surged within a Rising Wedge formation. Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected. Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend. With two successive breakouts, the stock is currently advancing with strong volume backing. RTX We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past. After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high. However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern. Once the pattern broke down, the price dropped back to its previous support zone. Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level. At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.
NASDAQ:NDAQLong
by NaranjCapital