The-Breakout-Trader

The-Breakout-Trader

Chart looking strong. Will it sustain the resistance line and breakout the trend line of many years!!

The-Breakout-Trader

Laffans Petrochem. Good base building done. Looks ready for breakout?

The-Breakout-Trader

Tata power is stabilizing, so is Adani power.. But does it look like Adani power will reach its target price earlier?

The-Breakout-Trader Updated 

I am not sure how many days this will take to travel to its parallel channel resistance, but given the way the stock is positioned, the downside looks limited as support is very close and it looks like stock will travel to its resistance at the least. What do you think?

The-Breakout-Trader Updated 

Will it break it this time? or will it touch the resistance AND fall back to its trendline support.

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?

The-Breakout-Trader Updated 

Inverse head and shoulder pattern on daily charts, ready to breakout. Breakout already happened on Monthly charts and then retracement was happening since 1.5 years with flag formation.. Now flag breakout can happen. If we treat 140 level as the level of first monthly breakout, then since it is a multi year breakout, easily stock price could become 2x, 3x. 2x will...

The-Breakout-Trader

However, the retest is pending. Cup with handle at the bottom also seen. Breakout has been confirmed but retest is not done.. What do you think? Retest is due or stock has gone to a new trajectory? I feel retest may happen.