The-Breakout-Trader

The-Breakout-Trader

It has broken the parallel channel so two things can happen. if there is a sharp fall from here, the recovery will be quick and it will go back to the parallel channel. However, since there is a gap in NIFTY around 21k and it might go.. there is high possibility for banknifty to go into the second parallel channel which is what is more longer term. By chance if...

The-Breakout-Trader

Has spent quite sometime at this level, consolidating, looks ripe for an upmove.

The-Breakout-Trader

Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables. Breakout done at 80, after long consolidation. I feel that for my analysis, I will keep a target of 127 for this. That is over 30% return target. Let's see where it goes.

The-Breakout-Trader

BMW Industry Limited (BMWIL), incorporated in 1981, is one of the largest steel processing company in India. Great promoter holding, low debt, high ROCE and ROE, low PE. Increasing EPS QoQ. Technically, Cup with handle breakout awaited.

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Strong resistance at 5000-5100 level. Once it crosses this level, and gives weekly closing comfortably above 5200, stock can show strength for breaking its multi year high. Not a reco. Just for self-analysis.

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SMC Global is into brokerage business. Given the bull market, most of the brokerages including Angel one, Geojit etc are starting to go up, post the recent correction. Results are decent, Long term charts are stable. Hourly shown trendline breakout. Will it sustain the move? What do you think?

The-Breakout-Trader

ASI Industries Ltd does mining and processing of natural stones. Stock has shown strength and is nearing its neckline in a CH pattern. Looks like breaking out.

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Fundamentally strong company had a great run up and then collapsed. By looking at the chats, mmulti year breakout seems probable. My view is long.

The-Breakout-Trader

The stock had given a multiyear breakout from its May 2015 high. And then in a sideways move, and then this flag is being formed. Once the flag breaks on the upper side, we may see healthy upmove.

The-Breakout-Trader

I love weekly multi year breakouts because the margin of error is significantly lower, that too when the stock did not rally one way from rock bottom levels to ATH but has been hovering around the neckline for quite sometime. This is not a reco. DYOR. I am sharing the charts so that we can all learn together about how the breakouts play. Plastiblends India Ltd...

The-Breakout-Trader Updated 

When we look at the Nifty Microcap 250 index, there are no more new chart patterns being made on Monthly charts. As per my limited knowledge, it looks like touching 25700 before correcting sharply to much lower levels (May be even below 21K level to 15K levels, or realistically say midway to about 18K levels. This may be a massive correction both time based as...

The-Breakout-Trader

Mayur uniquoters - fundamentally strong company posting good results. Slow growth in revenue and profits but growing. Charts have consolidated since many years. If the price strongly closes above 680 levels with good volume on weekly charts, stock should see good upward momentum.

The-Breakout-Trader Updated 

Ascending triangle pattern. Volumes increasing. Last breakout candle super high volume. Will it breakout? I am taking a small position tomorrow on open. Will hold till 30.

The-Breakout-Trader Updated 

Stock has been in long consolidation. Finally gave an upmove today. If it closes above 140, uptrend may continue further. If it crosses 150, then next target to watch out for will be 200, 280, 320 in months to come. Stock has decent fundamentals. Let's see how this fares. Please dont trade based on my analysis. I am still learning.

The-Breakout-Trader

Multi year breakout attempting. I see low downside risk but this can become a multibagger if the breakout happens. Volumes are high as well.

The-Breakout-Trader Updated 

Vindhya Telelinks Ltd is engaged in manufacturing and sale of Cables (comprising of telecommunication cables, other types of wires & cables, FRP rods/ glass rovings, etc.) and Engineering, Procurement & Construction (EPC) business. The stock is trading at 12 PE. Very good sales and profit growth. And chart is showing a breakout from the rectangle box. Looks...

The-Breakout-Trader Updated 

If this breaks out, target can be very high. Atleast double, within few months.

The-Breakout-Trader Updated 

It would be good to see this break the trendline and then trade above it on weekly charts and then possibly make an entry once the weekly chart has closed above the trendline or if it has retested the trendline from the top. Currently shows an inverse head and shoulder pattern on the parallel channel resistance. Will it break the resistance? What do you think?