🔍 Chart Analysis: ASTRAL - Monthly Time Frame 📈
🚀 Monthly Range Box Breakout!
📉 After 7 months of trading in a tight range, Astral has finally broken out on the monthly time frame! 📊 This breakout suggests a potential opportunity for an upside move and profitable gains. 📈
🔥 Trade Setup:
CMP (Current Market Price): 2069 💹
SL (Stop Loss): 1890 🛑
Targets: 2355 🎯,...
tech mahindra range breakout preempting
it index is strong and most negative news are priced in
on monthly basis its forming a marubozu candle
my sl is 940weekly closing basis
target 1277 1484
after falling forming range
on weekly basis range breakout has occur and this week i will be consider for confirmation if it closes above 1127 on weekly basis
As mentioned in XLF idea, Financial charts looking bullish with a nice weekly box breakout. KRE regional banking etf :
- Look for retest of box or possible sellers to step in for a push down to 8EMA green line
- My bias and bull case - continuation , especially with the MACD bullish cross confluence.
I'm long Dec 72c but can also form a spread with the Dec...
Financial Sector (XLF here but all financials looking primed to me) breaking out on the weekly here.
Went long XLF and KRE (Regional Banking ETF) calls for December
Blue skies gotta buy
A potential box breakout can be on the line. This stock is looking strong as it is holding its level even when nifty is retracing back. Volumes are also encouraging (Circled some for the reference.)
But we don't need to jump into the trade if it does not halts at higher level before breakout. It needs to consolidation for day or two at higher levels before it...
Watching for Breakout
AUDCAD has made a huge rebound higher before making a sideways move in more recent times.
As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern.
If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue.
This could also pave the way for...
