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Breakouttrading

SWING IDEA - NEW INDIA ASSURANCE COMPANYthe New India Assurance Company Limited (NIACL) currently presents a compelling swing buying prospect. Reasons are listed below : After multiple tests in the 250-260 zone, NIACL has successfully breached this critical level, signaling a potential shift in momentum. A bullish marubozu candle on the daily timeframe emphasizes the strength of the upward movement, suggesting sustained buying interest. Breaking free from a two-month consolidation period, NIACL is poised for a new directional move, indicating a release of pent-up energy in the market. The consistent formation of higher highs underscores the stock's upward trajectory, reflecting a positive trend. The overall uptrend is evident, providing a favorable backdrop for traders looking to capitalize on potential price appreciation. Trading comfortably above both the 50 and 200 exponential moving averages (EMA) signifies a robust position and adds a layer of confidence to the bullish case. Increased trading volume during this period supports the validity of the breakout, providing additional confirmation of the stock's upward momentum. Target - 300 // 347 StopLoss - daily close below 242 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:NIACLLong
by Visionary_Growth_Insights
IVP LTD - A BREAKOUT TRADEHELLO FRIENDS Here I am sharing chart of IVP LTD which recently have given breakout with good intensity of volume and the scenario that confirms the upside move are shown in below charts. Macd in DAILY TIME FRAME on breakout candle is positive uptick. confirming with double time frame, MACD in weekly time frame is also positive uptick RSI in daily time frame is positive uptick and the measure is above 50 which confirms bullish moment RSI in weekly time frame is positive uptick and the measure is above 50 which confirms bullish moment. Summary- the stock have given breakout of downward trendline and is ready to move upside. Disclaimer I am not SEBI registered analyst. My studies are for educational purpose only. Please consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and losses.
NSE:IVPLong
by KARANN_DINGRA
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by basictradingtv
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