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
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.