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Breakouttrading

#Archean chemical above 680 udne ko taiyar hai kya?Archean chemical since Feb'23 multiple times has tested resistance of 680/677. A day close above this level can bring fast movement and take this towards 1)716 2) 733 3)772 4) 813 5) 855 6) 862 7) 915(imp level). Once 855 is crossed I will bring trailing sl of remaining quantity at 772/813 and will try to ride the trend. Since chemical sector is currently under pressure it can take some time to give meaningful return so patience will be the key. If after breaking out above 680 it goes below 590 then it will lose its steam which will be exit sign for me.
NSE:ACILong
by ssudhirsharma11
Tesla - Confirmed BreakdownHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: For more than three years, Tesla stock has been trading in a bullish flag formation. Two months ago Tesla once again retested the upper resistance trendline and failed to break out towards the upside. There are two major support levels below current market price which I do expect Tesla to retest. Then you can absolutely consider long setups again on Tesla stock. -------- 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.
NASDAQ:TSLA
by basictradingtv
9
Bitcoin - Triangle BreakoutHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the quite expected break and retest on Bitcoin in December of 2022, Bitcoin started the next bullrun with a move of +350%. Furthermore Bitcoin is about to break out of a long term ascending triangle formation which could lead to seven-figure price targets. But first I am waiting for a retest of the level mentioned in the analysis to then add to my long positions. -------- 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.
BITSTAMP:BTCUSD
by basictradingtv
7
CAMS near Weekly Breakout PREEMTPTING🚀 Exciting Market Update: CAMS Limited 🚀 📈 Technical Breakout: CAMS forms a robust base around the 38.2% Fibonacci level, with a recent weekly breakout! 📊 🎯 Targets: Eyes set on ₹3291 and ₹3761. If the breakout holds, new levels could be on the horizon. 🌐 💼 Fundamental Boost: With a projected rise in mutual fund accounts, CAMS is poised for potential business growth. 📈 🚨 Trade Strategy: CMP: ₹2989 SL: ₹2790 Targets: ₹3291 & ₹3761 🔍 Research & Risk: Conduct your due diligence and consider your risk tolerance. 💼 ** 📈 Ready for the next market move? Let's track CAMS Limited together! 🚀 #StockMarket #Investing #TechnicalAnalysis#ELSC 📊**
NSE:CAMSLong
by satyam15
3
DOGE: Breakout Potential/ Long-Term Investment Considerations Accumulation Range Breakout: BINANCE:DOGEUSDT has successfully broken out of its previous accumulation range over the past few weeks. 🐃This breakout confirms a bullish trend reversal and indicates potential for further price appreciation.🐃 🍣Key Resistance Level and Consolidation: The price has reached a significant resistance level, leading to price consolidation and RSI reset. A successful breakout above this resistance level could propel the price towards the next weekly resistance at 0.3. 📊Volume and RSI Considerations: Adequate market volume is crucial to facilitate a breakout above the current resistance level. RSI approaching the overbought zone would indicate strong momentum and support the bullish case. 📈MID-Term Investment Potential: Based on higher targets, DOG could be a viable investment option if the overall market trend remains favorable. However, investors should exercise caution due to the inherent risks associated with cryptocurrency investments. 🔍📉Reversal and Ranging Scenarios: Rejection at the current resistance level and a breakdown of the RSI trendline could result in a price correction or extended consolidation. 🚫Investors should monitor these factors and adjust their strategies accordingly. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before investing.🚫
Long
by solinash1
INFOSYS (INFY) Big Bullish Move is coming soonFundamentals of Company 1. Consistent Growth of Company & Increasing Profits Year on Year 2. Great to Fair Valuation 3. Strong Big Players Holding 4.Robust management 5.IT Sector is Outperforming & Flourishing Technical Factors for Buying 1. Completion of Accumulation & Formation of HH + HLs on Daily & Weekly TF 2. Retest of major breakout completed 3. Bullish pattern Formation on Daily TF on 7 Mar 24. 4. Wick & Strong rejection on Weekly TF 5. All Momentum & Price based Indicators are also in buying direction
NSE:INFYLong
by Wealthy_Vikish
1
SHIB Analysis: Breakout Confirmation and Potential UpsurgeThis analysis examines the recent breakout of Shiba Inu (SHIB) and assesses its potential for further upward movement. Previous Analysis Validation:🫶🏻💪🏻 The previous analysis successfully predicted the price reaching the anticipated weekly resistance level. Breakout Confirmation:📊📈 The recent breakout above the weekly resistance level confirms the bullish trend reversal. Breakout Confirmation: The recent breakout above the weekly resistance level confirms the bullish trend reversal. 4-Hour Trendline and Triangle Pattern:✅ A breakout above the current 4-hour trendline is expected to further validate the uptrend. A successful breakout from the triangle pattern also indicates a continuation of the upward momentum. RSI and Risk Considerations:⛔ The RSI indicator is not yet in the overbought zone, suggesting that there is room for further growth. However, the lack of strong momentum warrants a cautious approach to entering new positions. Conclusion: The successful breakout of Shiba Inu BINANCE:SHIBUSDT and the bullish technical indicators suggest a potential for further upward movement. However, traders should exercise caution due to the absence of strong momentum. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Long
by solinash1