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Breakouttrading

Trading cannot get simpler than this_BRITANNIA_TRADE-SETUPThe good old support and resistance play ongoing in Britannia. The stock first broke out on Nov.7 from a 2 month old resistance zone of INR 4600-4650.It has then again tested the same breakout level on Tuesday's trading session. This retest seems to have re-energized the engines of this stock that is cruising forwards quite strong from past 2-trading sessions. Another minor resistance of 4710-4730 has been taken out in yesterday's trading session as well. The stock shall now advance towards INR 4960 which could be used as a target level for a short term trade. INR 4710-4730 shall now be considered as a support area for the stock in case it pulls back a bit on smaller timeframes. The pullbacks are always great to look for to enter into a trade. Note*- The views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
NSE:BRITANNIALong
by neeraj_2_sharma
CRWD - US cybersecurity play If this market will find traction and have a follow-through day, I will bet on CRWD being one of the next up-cycle leaders. IBD 94 Relative strength and 99 Composite and EPS ratings are markers of a superb company. The industry group is 35 out of 197. High double and triple quarter earnings growth and stable 40+ sales growth for 3 qrts in a row; with stable 35+ ROE; Up/Down volume of 1.5; double digits analyst estimates of 24/25 EPS growth and increasing number of institution last qrt... all these make me call this stock a perspective leader. From the technical perspective, notice how well the stock price holds and builds the high-handle close to 2023 highs, while general index (line above) is in a downward momentum being almost 10% of the highs. Unfilled gap-up on 31Aug (green circle) is also a sign of strength to me. I want the price to subside more in volatility to the right side of the handle, creating a tight 3-4% risk pivot and maybe an inside day before breaking out above 172 pivot. That would signal and ideal entry point for my strategy with very tight risk. Although if price decides not to wait and will proceed with definite move above 172 pivot with supportive volume and will be hesitant to buy/add to the position, expecting the price to move to next resistance 194-206 target area. Trading thesis is wrong if price moves bellow: 157 area
NASDAQ:CRWDLong
by artemfedorov
3
📈 TradingView Analysis: $APE/USDT Falling Wedge Breakout! 🚀Chart Analysis: Pair: $APE/USDT Timeframe: 4-Hour Chart 🔍 Technical Overview: APE/USDT has been forming a clear falling wedge pattern. Price has recently broken out above the upper trendline of the falling wedge. 📉 Previous Price Action: The falling wedge has been a consistent pattern, indicating a period of consolidation. A series of lower highs and lower lows were observed within the wedge. 🚀 Breakout Confirmation: The recent breakout above the upper trendline suggests a potential trend reversal. Volume confirmation during the breakout adds strength to the bullish case. 💡 Key Levels to Watch: Resistance: The next resistance level to watch is at . Support: The previous resistance, now turned support, is at . 📊 Indicators: RSI: Showing signs of bullish divergence, indicating strengthening buying pressure. MACD: Bullish crossover, signaling a potential shift in momentum. 📅 Upcoming Events: Keep an eye on upcoming events, announcements, or catalysts that could impact the price. 🔒 Risk Management: Set stop-loss orders to manage risk in case of unexpected price movements. Adjust positions according to your risk tolerance and trading strategy. 📈 Conclusion: The breakout from the falling wedge pattern suggests a potential bullish trend for $APE/USDT. However, always exercise caution and conduct thorough analysis before making trading decisions. 📣 Disclaimer: This is not financial advice. Trading involves risk, and it's important to conduct your own research. The breakout scenario is based on technical analysis, and market conditions can change rapidly. 👥 Join the Discussion: Share your thoughts on the $APE/USDT falling wedge breakout. What's your price target, and how are you approaching this trade? 🚀 Happy Trading! 📈✨
Long
by STP_MrNodeItAll
A Strong Reversal Breakout StockDATAPATTNS looks like it's about to turn around: 1. Moving Average Move: - The stock is breaking through the 50-day average, suggesting a shift in its recent trend. 2. Big Volume Boost: - Lots of people are trading it, showing a lot of interest and confidence in a possible change in direction. 3. Bouncing Back: The stock is bouncing off a price level where it has stayed strong before. 3. Risk and Reward: Candlestick Clue: Keep an eye out for a special candle shape indicating a big market sentiment change. If the lowest point of that candle holds, it's a good sign. For those starting out in stocks, DATAPATTNS seems like an interesting possibility. Anything you need to ask? Here is me : 8800611235. #stocks #trading #investing
NSE:DATAPATTNSLong
by Trendx2
Very critical area for Silver Silver is currently at a critical juncture, and a breakout above this resistance could lead to a rapid shift in the overall market sentiment. It's essential to note that we are analyzing a daily chart featuring a bearish channel. In the event of a bullish breakout, the price target would be the width of this daily channel. Given the high correlation between silver and gold, we may anticipate a similar behavior in gold. Considering that both gold and silver are often considered risky assets, particularly gold, if they are poised for such a movement, it suggests there might be a significant news release providing the necessary momentum for a breakout above this crucial resistance. However, it's crucial to remain cautious, as any breakout without substantial news support could be deemed a false breakout, potentially leading to a reversal.
TVC:SILVER
by mohemati
1
24 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open a gap down After A gap down opening if Banknifty sustains Above 43700 and takes Support from 43700 then open target for T1-43900, T2-44000,T3-44200 If the Banknifty gap down opening sustains Below 43400 and takes resistance below 43400 then the open Targets for T1-43300, T2-43200,T3-43000 Major Levels 43500,43600,43700 If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
Hercules Hoists To Break ATH? 🚀📚❤️The stock of Hercules Hoists had ended near the RESISTANCE ZONE as of 23 Nov 2023. However, couldn't sustain it. So what now? We should wait for the CONFIRMATION CANDLE - which will be the candle that should close above the resistance or last high. In this case it should close above 371 on daily time frame. I used Fibbonachi Retracement for Stoploss and Targets. See and study it for better understanding. Aur agar kisi ko kuchh puchhna ho ya stock market ka course karna ho to aao 8800611235 par. - TrendX Institute Of Technical Analysis #BreakoutStock #TradingStrategies #StockMarket
NSE:HERCULESLong
by Trendx2
New All Time Highs On Nasdaq😈Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse the Nasdaq for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading/entry criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
NASDAQ:QQQLong
by basictradingtv
5
CHF/JPY ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Overbought + Breakout 🟠 EP 167.043 🔴 SL 168.309 🟢 TP1 165.828 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 164.401 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 163.246 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
10