1) #Adani total gas limited (#ATGL)
- Consolidating in tight range
- 4.8% approx from ATH and might give a BO soon
- Dried volumes
- In uptrend hence higher chances of BO
- Near 21 EMA
2) #adanitransmission
- Gave a BO from triangle pattern
- Dried volumes
- Low volume on BO hence caution
- If volumes increase on next candle then only enter
the stock
3) #adaniports
- Gave a BO recently after a long consolidation
- At ATH and might give a good run ahead
- High volumes on BO is another positive point
- 52 weeks BO
4) #ADANIENT
- Consolidating at ATH
- Drying volumes
- Digesting the previous run
- We might see a BO above 3512
- Consolidation may continue for some days
6) #adanipower
- Forming a triangle pattern
- Volumes are very low which is a good sign
- Near ATH hence again a good sign
- Near a strong support of 387
Buy price :- 415.3
TGT :- 479
SL :- 383
7) #adani Wilmar (#AWL)
- This is my fav pick
- Consolidating on weekly TF
- Dried volumes
- If this gives a BO then this is going to be a big one
- As the analysis is on weekly TF the SL and TGT
percentages are high
Whenever a stock trails back to the resistance after a breakout and bounces off treating it as a support towards the target then it is known as retest. retest might not happen all the time but when it does moves are strong. A full thread on retest is pinned on my feed.
2) Volumes
A spike in volumes on a Breakout in your direction of trade is considered one of the best things for your trade. But if volumes are below average volumes, then you need to be careful as very few Breakout trades succeed with volumes lower than average volumes
When a stock gives a breakout but fails to go in the direction and complete its target then it is called as failed breakout or a fakeout. In this type of situation stock either consolidates or goes in the opposite direction. Refer to the images for better understanding.
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#retest
whenever a stock trails back to the resistance after a breakout and bounces off from support and starts moving towards the target that time it is called as a retest entry. This is one of the best approaches for breakouts.