Breakouttrading
ALERT - Indigenously developed Nuclear Submarine heading NEindigenously developed Nuclear Submarine " Pattern " - by Reliance Industries - is Heading NE
Targets Locked and Loaded
1st Target - 32* N, 10*E (Rs. 3,210)
2nd Target - 35*N, 25*E (Rs. 3,525)
3rd Target - 40*N, 20*E (Rs. 4,020)
4rd Target - 48*N, 28*E (Rs. 4,828)
Sorry folks - When I saw this pattern - I couldn't just control myself and came up with this Prank 🤣😆😄🤩
Anyways, Reliance Industries has broken out of a Box Pattern and is ready for a Blast
Picturesque Cup&HandleThis is a proper cup and handle, buy the breakout right at the all-time high or wait until it clears the all the high and comes back to confirm resistance. I will be buying to open as soon as price reaches new highs
Buy to open = 169.07
1st Profit Target = 175
Stop Loss = 164.20
Nvidia : Learning from the pastNASDAQ:NVDA
Looking at the past is easy, but learning from it is easier.
Let's get listed the points.
1. Breakout of trendline on 24Jan23, that started
on 19Nov21, confirmed on 29Mar22;
2. Bullish divergence started in Sep22 and
confirmed in mid Oct22;
3. No lower low after 13Oct22;
4. Breakout of previous lower high of 13Dec22 on
24Jan23 (which happened to be breakout
of Trendline as well.
Adobe - Preparing a multi year breakout!NASDAQ:ADBE has been consolidating for some time and is definitely ready for a breakout.
Adobe is a stock, which is clearly heading higher on a macro perspective. Just two months ago, Adobe actually retested an important horizontal structure and managed to create bullish confirmation, followed by a reversal towards the upside. Eventually, Adobe will also break out of the ascending triangle formation, which has been forming over the past 5 years.
Levels to watch: $650
Keep your long term vision,
Philip - BasicTrading
Amazon - Breakdown of the breakout!NASDAQ:AMZN is definitely ready for a major bullish (triangle) breakout.
Here we have a textbook example of a bullish stock. Amazon's stock chart is simply moving from bottom left to top right. Of course there are minor corrections here and there, but the trend is clearly higher. For the past four months, Amazon has been hugging a horizontal resistance level and is preparing a bullish breakout. This will certainly become a decent break and retest setup.
Levels to watch: $185
Keep your long term vision,
Philip - BasicTrading
SQ - Looking for continued confirmations after our entryWe entered last week on my Entry Model 1 which was based off HTF sell-side tapering and a proof of that tapering by disproving our stronger selling algo (yellow). Once we did that, we confirmed the tapering algo and is why we're seeing the gap up after Friday's breakout.
Definitely time before we make our HTF breakout but we are now beginning the progression process on the HTF
Happy Trading :)
Stock of the Week: Poddar Pigments with Robust Financial HealthStock of the Week: Poddar Pigments ( NSE:PODDARMENT PODR)
Fundamental Analysis :
Poddar Pigments showcases a robust financial profile, making it an attractive pick for this week. The company holds more cash than debt on its balance sheet, indicating strong liquidity. Its liquid assets exceed any obligations, providing a solid financial cushion. Additionally, NSE:PODDARMENT Poddar Pigments has reported consistent profits over the last six quarters, highlighting its stable and reliable performance.
Technical Analysis :
From a technical perspective, NSE:PODDARMENT Poddar Pigments is trading above all major moving averages, signalling a bullish trend. The stock has achieved a significant 52-week breakout and is also breaking out of a box formed by the last 12 months’ consolidation zone. This breakout is supported by good volume strikes, indicating strong market interest. Moreover, Poddar Pigments demonstrates relatively higher strength than the Nifty index, with the RSI crossing above 60, further affirming its upward momentum.
Entry - CMP
Stop loss - 396.55
Potential upside - 643
SWING IDEA - CARBORUNDUM UNIVERSALCarborundum Universal , a renowned conglomerate in the industrial sector, presents a compelling swing trade opportunity.
Reasons are listed below :
A bullish Marubozu candle on the weekly timeframe signals strong buying pressure and potential upward momentum.
The stock is breaking out of a consolidation phase lasting over a year, indicating a significant shift in market sentiment and potential for sustained movement.
Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
The 50-period Exponential Moving Average (EMA) on the weekly chart acts as additional support, reinforcing the bullish bias.
The stock is attempting to breach its all-time high, signaling strong upward momentum and potential for further gains.
Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
Target - 1405 // 1475 // 1650
Stoploss - weekly close below 1085
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
20 Microns LTD have Broken All Time High With Very Good VolumeKey Activities
• 20 Microns invests in research &
development to develop innovative products
& processes that can be used in various
industries
Key Products.
White Pigment Opacifier
Synthetic Aluminium Silicate
High Performance Opacifier
Flash Calcined Clay
Matting Agent
Polyethylene Wax
Organo Clays
Calcium Carbonate
• Natural Baryte
• Natural Talc
• Natural Mica
• Natural Silica
• Calcined Kaolin
• The company works with close proximity with
its customers to provide customized
solutions based on their specific
requirements
Key Resources
• Mines
• Technology & R&D prowess
• Human Resources
• Trusted Brand Image
Cost Structure
• Raw material cost is ~50% of the revenue
• Other major costs are power & fuel, freight
& logistics accounts
Revenue Generation
• Revenue is generated from sale of industrial
minerals, specialty chemicals and branded
products.
• The company also generates revenue from
sale of its products outside India.
• The company has formed strategic alliances
and joint ventures with global players, which
help to expand its business and generate
revenue from new markets.
Revenue from Operations - ₹ 921.40 mn
EBITDA - ₹ 106.10 mn
EBITDA Margins – 11.52%
PAT - ₹ 32.40 mn
PAT Margins – 3.52%
Financial Performance Comparison FY24 v/s
FY23:
Consolidated revenue from operations
increased by 10.80% and stood at
₹7,774.93 Mn in FY24 from ₹7,016.87 Mn
in FY23. This growth was led by addition of
new customer and through enhancing our
core offerings through several strategies,
such as expanding distribution channels
and launching new products.
EBIDTA increased by 22.63% from ₹857.36
Mn in FY23 to ₹1,051.34 Mn in FY24
margins improved from 13.52% in FY24 to
12.22% in FY23.
PAT during the year stood at ₹561.60 Mn
in FY24 compared to ₹419.62 Mn in FY23
with margins improving to 7.22% from
5.98%.
ASX:OFX – A Rare Gem with Perfect Piotroski Score and Breakout PFundamentals :
OFX Group, listed on the ASX under the ticker OFX, presents a compelling investment opportunity this week. The company boasts a perfect Piotroski F-Score of 9, an exceptionally rare achievement that underscores its financial strength and operational efficiency. Currently trading at its fair value, OFX has turned profitable over the last 12 months and is poised for continued profitability this year. ASX:OFX ASX:OFX
Technicals :
From a technical standpoint, OFX has achieved a significant 52-week breakout, further enhancing its investment appeal. The stock has formed a rounding bottom pattern, a classic technical signal indicating the potential for a strong upward movement. Analysts project a potential upside of 30%, making this a promising candidate for growth.
A potential Setup:
• Entry: Current Market Price
• Stop Loss: $2.00
• Potential Upside: $2.90F
RNDR: break pattern📊Analysis by AhmadArz:
🔍Entry: 9.780
🛑Stop Loss: 9.200
🎯Take Profit: 10.270 - 10.787 - 11.304 - 11.811
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
EURCAD POTENTIAL SUPPORT BREAK?????Pair: EURCAD
Timeframe: 30M
Analysis: Trend line, volume profile , support and resistance, trend break, consolidation, ascending triangle pattern
—————
Key Takeaway: Been a alot of consolidation between 1.47450-1.47200 and we could finally see a break. Need to look for a close below dynamic support and our trend line and then a retest of these levels before entering short.
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Level needed: need a close bellow 1.47200
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Trade: SHORT
RISK:REWARD 1:4
SL: 1.47340
TP: 1.46950-1.46640
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
AUDUSD RESITANCE BOUNCEPair: AUDUSD
Timeframe: 1H
Analysis: Trend line, volume profile , support and resistance, trend break, reversal
—————
Key Takeaway: Seen a great bearish reaction from our dynamic resistance and trend line. Will wait for a good drastic bearish reaction from this level before entering short.
—————
Level needed: need a close bellow 0.66660
—————
Trade: SHORT
RISK:REWARD 1:8
SL: 0.66770
TP: 1.66194
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPCAD TREND LINE BREAKOUT IDEAPair: GBPCAD
Timeframe: 4H
Analysis: Trend line, volume profile , support and resistance, trend break, reversal
—————
Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close below support then we will enter
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Level needed: need a close bellow 1.74000
—————
Trade: SHORT
RISK:REWARD 1:8
SL: 1.74200
TP: 1.73400 onward
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
XAUUSD CONSOLIDATION BREAKPair: XAUUSD
Timeframe: 1H
Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, consolidation
—————
Key Takeaway: For a full day we have seen the pair consolidate between 2332.8-2326.5 and we havent managed to break either levels. When the pair does we are either looking for a short or long trade depending on the confirmation of breakout (bullish or bearish). Once it does break out either way, we will look to take profits toward the top pennent resistance or bottom pennant pattern support trend line.
—————
Level needed: need a close above 2332.8 or a close below 2326.5
—————
Trade: NEUTRAL
RISK:REWARD 1:6
SL: —
TP: —
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
FIEMINDLooks Good on Charts.
Volume Buildup seen.
Breakout Possible.
Above all Key EMA.
Good for Short Term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Ethereum - In-Depth Short & Long Term Price AnalysisCrypto Series:
Part 1: Ethereum/USD
Here we're analyzing what our current story in the Ethereum chart is and where we can see ourselves going in the near/long term future.
This includes what price has to prove in order for the ultimate breakout to happen and that will be very clear to us as it was last time we made our major broke out.
This became a much longer analysis video but will be super helpful in understanding how I read the charts and understand where price needs to go and where it wants to go
Happy Trading :)
HDFC BANK RE-ENTRY LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.8
#HDFCBANK
Re-Entry Price - 1600 (CMP 1596)
SL - 1460
TARGET - 1750, 1900, 2000 (10 - 20 - 25%)
@jagadheeshjp
Disclaimer : All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
BAJAJ HINDUSTHAN SUGAR LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.4
#BAJAJHIND
Buy Price - 40 (CMP 41)
SL - 35
TARGET - 50, 60 (25 - 50%)
@jagadheeshjp
Disclaimer : All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Binance Coin - The $70.000 price target is real!Hello Traders and Investors, today I will take a look at Binance Coin .
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Explanation of my video analysis:
Back in 2020 Binance Coin created a decent bullish break and retest of a horizontal structure which was followed by a rally of 10.000% towards the upside. After this rally, which ended in April of 2021, Binance Coin has been trading sideways ever since. Currently it seems like Binance Coin is preparing another bullish breakout, which could lead us all the way up to $70.000 in the future!
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Keep your long term vision,
Philip (BasicTrading)