Breakoutstocksindia — Trading Ideas on TradingView

Redington Ltd - Breakout Stock Redington Ltd is showing strong price action and is currently positioned as a breakout stock. The stock has surged above key resistance levels with supportive volume, indicating potential for further upside momentum. 📊 Traders and investors may consider keeping this stock on their watchlist for potential swing opportunities, subject to market conditions and proper risk management.

FORCE MOTORS - ALL TIME HIGH AGAIN ? WHATTTTTTTT....??? HELL YES.. A big OPPORTUNITY in FORCE MOTORS LTD🚀🚀 We saw that this stock was in correction mode since it made an all time high of ₹ 10,100 BUT NOW, it is giving the reversal sign by giving a breakout of downward sloping trendline with good intensity of volume. * As per ELLIOT WAVES the stock is getting ready to move all time high to unfold the WAVE 5th * Stock can be a buy on dip till it touches all time high with the same stoploss mentioned in trading plan at the last with expected targets. Technical view- a simple understanding for beginners * The stock has given a breakout with good intensity of volume. * The price changed its structure from lower low to higher high * Stock price is challenging Upper Bollinger Band in Daily Time Frame * RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum * All the momentum indicators such as MACD, DMI etc., are giving positive signals. For those who are new to WAVES, let's Understand the basics of Waves 📈 Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. TRADE PLAN * one can add at current levels and again if it comes down you will get an opportunity to add more till 6500 * Targets - 8000/9000/9500/10000/ All time high (note- Targets may also react as resistance / hurdle) * Stop Loss - 6160 * Invest keeping in mind for short to long term view, not for speculation. * Always invest only after calculating the financial risk with the given stop loss and then decide your quantity. Thank You KARANN DINGRA 💰🚀

ANGEL ONE - AN INVESTMENT PICK Hello TRADERS and INVESTORS, here i am coming with a new opportunity for investment SO talking about ANGEL ONE, it is now looking beautiful TECHNICALLY and also FUNDAMENTALLY Technical Analysis Using Elliott Wave Principles on ANGEL ONE (Daily Time Frame) Through ELLIOT WAVE one can understands the psychology of price movements. There is a Principle of 5 WAVES called IMPULSE WAVES which shows up-move of the price. CURRENT WAVE SCENARIO The main impulse waves are decorated in black color on the given chart as 1-2-3-4-5 the stock has completed its 4th wave as correction, now it is moving to its final wave i.e. WAVE 5th which can give you the targets of all time high. Technical View * The stock has given breakout of a wedge chart pattern with good intensity of volume. * ANGEL ONE is Challenging BOLLINGER BANDS along with breakout * All the indicators such as RSI, MACD, Directional Movement Index as turning to bullish. Fundamentally also the company is looking strong having PROFIT GROWTH of around 69% compounding in last 5 years, RETURN ON EQUITY is around 45% in last 3 years. Trade Plan * One can enter at Current Market Price * Stoploss 1934 * Targets 3000-3200-3450-3800🚀 CONCLUSION - ANGEL ONE has given a breakout and now this stock might be the buy on dip stock so keep on radar you might get an opportunity on every dip now but always keep SL in mind for any poor circumstances. Thank you * KARANN DINGRA💰

BEPL giving a breakout on bounce. Bhansali Engineering Polymers Ltd. engages in the manufacture and sale of acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) resins. Bhansali Engineering Polymers CMP is 99.68. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Growth in Operating Profit with increase in operating margins (YoY) and MFs increased their shareholding last quarter. The Negative aspects of the company are Companies not able to generate net cash. Entry can be taken after closing above 100. Targets in the stock will be 103, 106 and 109. The long-term target in the stock will be 113 and 117. Stop loss in the stock should be maintained at Closing below 88. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.

Shree Cement looking strong on charts supported by volumes Shree Cement Ltd. engages in the manufacturing of cement and cement-related products. The company's brand names include Shree Ultra, Bangur, and Rock Strong. The firm's products include: Ordinary Portland Cement, Portland Pozzolona Cement, Portland Slag Cement, and Composite Cement. CMP of the stock is Rs.25746.55. The Negative aspects of the company are Companies with growing costs YoY for long term projects , High PE (PE > 40), MFs decreased their shareholding last quarter and Declining cash from operations annual. The company's Positive aspects are No debt, Zero promoter pledge, Improving annual net profit. Entry can be taken after closing above 25835. Targets in the stock will be 26000, 26733 and 27283. The long-term target in the stock will be 28317, 29210 and 30754. Stop loss in the stock should be maintained at Closing below 23767. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.

#HUDCO made a new ATH after more than 6 years Stock made a new ATH after more than 6 years and today Stock is up >19%. Such stocks tend to go much higher. Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio. If market gives a chance, can add to stock also at ₹100-₹110 levels. Also, this stock has been consistently giving dividends as well.