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Senores Pharmaceuticals IPO Base BreakouAnalysis: Senores Pharmaceuticals Structure: IPO Base Breakout 🌟 Entry: Above ₹610 (preferably on a closing basis) Stop Loss (SL): ₹499 (Closing Basis) ❗ SL Percentage: -18.20% 📉 Target Levels: T1: ₹849 (+39.18%) 🎯 Risk-to-Reward (R:R): 1:2.15 ⚖️ Technical Highlights: 📌 Volume Surge: Today's volume is 2x-3x higher than previous sessions, indicating strong interest. 📌 Price Action: Candle traded right at the All-Time High (ATH) but didn’t close above it. Pharma sector is holding up despite the broader market correction. 📌 Market Condition: Risky Setup: Trading against the trend as Nifty remains below 200 DMA and 50 DMA. Overall market structure is still weak, increasing the probability of a big fall. Key Strategy: ⚡ Buy Small Quantity: At breakout levels; wait for a potential retest to add more. ⚡ Position Sizing is Key: Due to the deep SL, risk management is crucial. ⚡ Discipline Required: Avoid emotional trading in such setups. Risks: 1️⃣ Nifty Weakness: Broader market correction can weigh on individual stocks. 2️⃣ Trend Reversal: Pharma sector performance is not guaranteed to sustain in this correction. 💬 Trade Safe and Stay Disciplined! ⚠ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making any investment decisions.
NSE:SENORESLong
by sagartharayil
Bajaj Healthcare - Fresh Opportunity for Upside Move! 📈 Bajaj Healthcare - Fresh Opportunity for Upside Move! 🚀 🔍 Key Observations: Stock is forming a CNH (Continuation Narrowing Pattern) on the daily timeframe. Broke out of a 3-year-old trading range on 18th Dec 2023. Consolidating in a narrow range since 19th Dec 2023. Volume confirmation (3x-5x) and a strong candle needed for breakout confirmation. Broader markets are still in a weak structure (LL-LH), so trade cautiously. 🎯 Trade Setup: Entry: Above 717 (Breakout level). Stop Loss (SL): Closing below 595 (17.01% risk). Target 1 (Positional): 942 (31.38% reward). 📊 Risk-Reward (RR): RR Ratio: 1:1.8 💡 Trading Strategy: Initial Entry: Buy above 717 with a small test quantity (limit position size). Add More: On breakout and retest (if it occurs). Overall Position Size: Keep it low as we are trading against the broader market trend. Wait for Confirmation: Broader markets need to show signs of reversal (closing above 50-200 DMAs) for scaling in further. ⚠️ Disclaimer: This is not investment advice. Trade at your own risk. The broader market is still in a weak structure (LL-LH), and the probability of failure is high. Always use proper risk management and limit position size. Past performance is not indicative of future results. 📌 Key Takeaways: CNH pattern suggests a potential breakout. Volume confirmation is critical for validity. Trade cautiously in a weak market environment. RR of 1:1.8 offers a favorable setup if the breakout sustains. 🚨 Final Note: Personally, I will scale in only when the broader markets show signs of reversal (closing above 50-200 DMAs). Until then, trade lightly and stay disciplined!
NSE:BAJAJHCARELong
by sagartharayil
4
Kabra Extrusion Technik Ltd Breakout. Breakout Alert: The stock has successfully broken out of a consolidation zone with strong bullish momentum. Trend: It is in a clear uptrend, trading above both the 50 DMA and 200 DMA, indicating sustained strength. Volume : The breakout is backed by significant volume, adding confidence to the move. CMP565 Key Levels to Watch:T1 (Target 1): ₹596 T2 / ATH (All-Time High): ₹642 Stop Loss (SL): ₹491 (on a closing basis) Watch if the stock is breaking ATH with good volume and wide range candle for fresh entry or adding to existing positions. Risk Management: Consider the broader market trend while positioning. Use proper position sizing to manage risk. Disclaimer: This analysis is for informational purposes only. Please do your own research before making any trades.
NSE:KABRAEXTRULong
by sagartharayil
SRF Update – Trading Near a 3-Year Range Watch for breakout📌 Cheat Entry: ₹2704 📌 Entry: ₹2864 (ATH Level) 📌 Stop Loss: ₹2259.8 (Closing Basis, -16.6%) 📌 Target 1: ₹3386 (+25%, R:R 1:1.5 from Cheat Entry) 📌 Positional Target: ₹3910 (+44.6%, R:R 1:2.7 from Cheat Entry) 💡 How to Trade: 1️⃣ Test Quantities: Add small quantities above the Cheat Entry (₹2704). 2️⃣ Full Entry: Add the rest above the ATH breakout level (₹2864). 3️⃣ Look for a clean breakout with a wide-range candle supported by strong volumes. ⚠️ Position Sizing Tip: The market remains weak. Trade only 10% of your usual position size. Example: If you usually buy 100 stocks, buy 3 above Cheat Entry and the rest above ₹2864 (ATH breakout). ✅ Why Trade This Setup: 🏷️ Stock has been in a range since Oct 2021 and is now trading below its ATH. 📈 Once the ATH is broken, no resistance remains, setting the stage for a potential Stage 2 breakout. 🚀 Stock gapped up on Jan 9, 2025, with volumes 7x-8x higher than previous sessions—a potential breakaway gap. 🔑 Trading above key DMAs, showing resilience in a falling market. ⚠️ Risks to Watch: Nifty 50 & Overall Market: The structure remains Lower-High, Lower-Low (LL-LH). Any bounce could be just a natural pullback within this structure. If Nifty or the broader market falls further, the probability of failure increases significantly. Until Nifty & broader market close above 200 DMA & 50 DMA, and change the structure to HH-HL, the risks are amplified. Probability: 2 out of 3 trades may fail in such conditions. 💡 Pro Tip: Trade small quantities unless you’re skilled at managing risk. Missing a rally is better than burning your capital. 📜 Disclaimer: This analysis is shared for educational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Please consult with a certified financial advisor and consider your risk tolerance before making any trading or investment decisions. 🔍 Final Thoughts: 📊 This trade aligns with the potential for a major breakout, but it’s crucial to manage risk and position sizing carefully. Make decisions based on your risk appetite and always do your due diligence.
NSE:SRFLong
by sagartharayil
RGL Global Ltd. Base Breakout!Analysis of Renaissance Global Ltd (RGL) Technical Overview: Base Breakout: Immediate resistance at ₹217.62. Safe Traders: Wait for the ₹217–₹218 level to break with high volume and a strong Wide Range Candle (WRC) for confirmation. Entry Level: ₹205.77. Stop Loss (SL): ₹179.27 (12.88%). Target 1 (T1): ₹251.60 (+22.28%). Target 2 (T2): ₹297.10 (+44.45%). Risk-Reward (R:R): 1:1.73 for T1, 1:3.45 for T2. Technical Highlights: Volume: Significant increase, indicating accumulation. RSI: Gaining strength, showing bullish momentum. Fundamental Overview: Market Cap: ₹1939 crore. P/E Ratio: 26.2 (compare with sector P/E for evaluation). ROCE: 8.25%, reflecting mediocre efficiency. Fundamentals aren't highly attractive but technicals suggest good potential. Key Risks: Sector Comparison: Evaluate P/E and ROCE against industry peers. Breakout Strength: Ensure price sustains above ₹217–₹218 with robust volume for safer entry. Disclaimer: This analysis is for educational purposes only and not financial advice. Trade based on your risk tolerance.
NSE:RGLLong
by sagartharayil
WEL- Base breakout! Looks good positionally... WEL Broke out of a Base Volume is improving RSI indicates strength Trading above Key DMAs Resilient to the market correction and did not correct that much Entry: 184.5 SL: 145-Closing basis Positional Target: 261 RR: 1:1.85 ⚠️The market is currently bearish, and these trades go against the prevailing trend. Exercise caution, focus on proper position sizing, and trade lightly to manage risk effectively. Past performance does not guarantee future results. Always consult a financial advisor before making any trading decisions.
NSE:WELLong
by sagartharayil
Jash Enginering. Watch for a Base Breakout!Stock: Jash Engineering Ltd. Chart Pattern: Breakout from a consolidation range. Key Levels:Entry: ₹655.5 Stop Loss (SL): ₹545.10 Expected T1: 777 Observations: - Strong bullish momentum with a 10.23% move today. -Price consolidating and forming a base -Above key moving averages. -Resilient in Bearish Market -Volume spike indicates strong buying interest. -Strong RSI -Stock is in an Uptrend. -Takes Support at 50 and 200 DMA on each pull back. Risk-Reward: Favorable setup for swing traders. ⚠️Overall Market is Bearish. We are trading against the trend. Risk Management is important. If your Risk Management is poor then please do not trade. Disclaimer: This is for educational purposes only, not financial advice.
NSE:JASHLong
by sagartharayil
1
Anant Raj Ltd- Broke out of consolidation.📊 Stock: Anant Raj Ltd. 📅 Timeframe: Daily Chart 🚀 Breakout Alert! Key Observations: Breakout Zone: The price has recently broken out of a consolidation range (highlighted in the green box). The breakout appears clean with a strong bullish candle, indicating upward momentum. Entry Point: The suggested entry level is marked at ₹874.90 (highlighted with a dashed purple line above the breakout zone). The stock currently trades near this level, suggesting the breakout is still actionable. Stop-Loss (SL): The stop-loss level is set at ₹693.25 (on a closing basis), below the consolidation range, providing a safety margin if the breakout fails. SL is Deep so position sizing is key. Trend Indicators: The 50-day moving average (green line) and the 200-day moving average (yellow line) are sloping upward, signalling a strong bullish trend. Price remains significantly above both these levels, affirming bullish dominance. Volume Analysis: A visible spike in volume during the breakout suggests strong participation from market participants, adding reliability to the upward move. Target Levels: Though not explicitly marked, potential target levels could be extrapolated using Fibonacci extensions or prior resistance levels. The upward purple dashed lines may indicate rough target zones. Analysis: Risk-Reward Ratio: Assuming a target at ₹950 or above, the risk-reward ratio appears favourable considering the SL is at ₹693.25. Bullish Sentiment: The clean breakout with high volume is a strong bullish signal. The consolidation before the breakout adds strength to the move, as it represents accumulation. Strategy Recommendation: Entry: Enter above ₹874.90 if today's close sustains above this level. Stop-Loss: ₹693.25 (strictly on a closing basis). Targets: Short-term: ₹950 Medium-term: ₹1,000 or more, depending on broader market conditions. Monitor volume closely! -A continuation of rising volume will add confidence to this breakout. -Price pulling back with huge volume is a cause for concern. And remember the market is bearish. So please position size and manage risk properly. Do not scale everything in one go. It is better to trade light. If you are new to the market it is better to sit in the sidelines and watch until we get a clarity.
NSE:ANANTRAJLong
by sagartharayil
4
Zydus forming a base after a fall. Offers Good RR.Key Levels: Support Zone:₹915.75 is the critical support level, below which the trend could turn bearish. Entry Level:₹1,012.65 is the suggested entry point, marking a potential breakout above the consolidation zone. Targets:T1: ₹1,091.95 (short-term target). T2: ₹1,159.65 (medium-term target). T3: ₹1,323.20 (long-term target). entry-level The stock has been in a consolidation phase (rectangle area) and is now attempting a breakout. Sustaining above the entry level with volume will confirm the bullish trend. Moving averages indicate that the stock is approaching a recovery phase but needs to hold above key levels. Risk Management: Stop Loss: Place below ₹915.75 to manage downside risk in case of a false breakout. Next Steps: Wait for confirmation of a breakout above ₹1,012.65 with volume. Monitor price action near ₹1,091.95 (T1) to decide on partial profit booking or trailing the stop loss. Watch for the overall market trend before entering. Chart shared only for educational purposes only. #Zydus #StocksToBuy
NSE:ZYDUSLIFELong
by sagartharayil
Vishal Megamart. All Set for IPO base Breakout? Vishal Megamart Entry Zone:The stock has broken above the resistance level of ₹115.00, marking the entry point as it closes higher on a bullish day. This indicates strong momentum. Stop Loss (SL):A standard stop-loss level is set at ₹107.68 (purple line). This ensures protection in case of price reversal. There is an additional closing basis SL at ₹99.67. This is a deeper stop-loss for more conservative traders, offering room for price fluctuation. Volume Analysis:The breakout is accompanied by higher-than-average volume, which validates the bullish move. Increasing volume often signals genuine buying interest. Trend:The recent candles show a steady uptrend with higher highs and higher lows, supporting a bullish continuation. Potential Upside:The breakout above resistance opens the possibility of further upside if the stock sustains this level. Watch for potential resistance at higher levels, possibly around ₹120–₹125 (psychological and technical zones). Trading Plan: Entry: As suggested, ₹114.00 or near the closing price. Stop Loss: ₹107.68 (traders) or ₹99.67 (investors). Target: A logical next resistance level can be identified for booking partial profits or trailing SL to lock gains. Risks: False Breakout: Ensure the stock sustains above ₹115.00 for confirmation. Market Conditions: Broader market sentiment can impact this trade, so stay cautious of volatility.
NSE:VMMLong
by sagartharayil
Navkar Corp Breakout Alert.Navkar Corporation Ltd. ✅The stock has broken out of a base and is exhibiting strong bullish momentum. ✅It remains in an uptrend, trading comfortably above key moving averages, signaling continued strength. ✅The RSI (Relative Strength Index) indicates healthy momentum, further supporting the bullish case. ✅Currently trading within a well-defined ascending channel. However, the channel top may act as resistance, so monitoring price action near this level is crucial. ✅Encouragingly, the recent price movement is supported by strong volume buildup, which adds credibility to the breakout. ✅On the left side of the chart, there is no significant immediate resistance apart from the channel top, suggesting room for upward movement. ⚠️Market Context & Risk Management: ➡️While this setup appears promising, the broader market remains weak, indicating that this is a stock-specific market. Traders should practice strict risk management and position sizing to safeguard against adverse market conditions. ➡️Key Levels: Current Market Price (CMP): ₹174 Stop Loss (SL): ₹153 (on a closing basis) Disclaimer: This analysis is for educational purposes only. Please conduct your own due diligence before taking any positions.
NSE:NAVKARCORPLong
by sagartharayil
Infosys Ltd. Watch for Darvas Box Breakout. 📉 Current Price Action: Infosys is consolidating within a Darvas Box pattern, trading close to a 3-year-old resistance zone near ₹1,953.7. The stock is forming a base after a pullback, suggesting potential for a breakout. 📈 Trade Setup: Entry: ₹2,002.1 (above the resistance zone) Stop-Loss (SL): ₹1,707.6 (on a closing basis) Target: ₹2,335.8 (medium-term potential) 🚩 Key Observations: The stock is holding above its Key DMAs, indicating near-term strength. Consolidation near a key resistance signals a build-up for a breakout, but volumes need to support the move. If the breakout fails, watch for price action near the lower support zone (₹1,707) for signs of reversal. ⚠️ Caution: Wait for a confirmation candle with good volume before entering. Avoid premature entries as the stock could continue consolidating within the current range. Nifty IT Sector Context: Nifty IT is showing signs of base formation after a significant pullback. A sectoral breakout above 44,317 could drive momentum across IT stocks, including Infosys. 💡Follow the price action and adjust your strategy based on market cues. A clean breakout could lead to strong upward momentum.
NSE:INFYLong
by sagartharayil
Consolidation Breakout with a Pullback . Watch for Reversal!📊 Stock: KFin Technologies Ltd. 📅 Timeframe: Daily Chart 🚀 Consolidation Breakout with a Pullback The stock recently broke out of a consolidation box and is now experiencing a pullback. A potential bullish reversal could be on the cards! 🔑 Key Levels to Watch: 1️⃣ Resistance Zone: ₹1,450-1,500 (Key hurdle to clear) 2️⃣ Support Zone: ₹1,300-1,350, 1200 (Demand zone from the breakout box) 3️⃣ Potential Targets: 🎯 Short-Term: ₹1,600 🎯 Medium-Term: ₹1,750+ 🌟 Why This Pullback is Interesting: ✅ Volume Insights: The breakout was accompanied by strong volume, reflecting buyer interest. ✅ Trend Continuation: The stock is above the 50-day (green) and 200-day (yellow) moving averages, affirming a strong uptrend. ✅ Healthy Pullback: Retesting the breakout zone signals a potential base for long-term growth. 🛡️ Risk-Reward: A reversal near ₹1,350-1200 offers a low-risk entry with significant upside potential. Watch for volume spikes as confirmation. 📝 Trading Plan: 🔹 Wait for Reversal: ₹1,350-1300-1200. Wait for a confirmation before entering. Or add in parts in these levels. 🔹 Stop-Loss (SL): ₹1,150 (strict) 🔹 Targets: Short-Term: ₹1,600 Medium-Term: ₹1,750+ Exercise extreme caution trading these markets. There is a high chance of long setups failing. New traders trade light or stay on the sidelines and watch. Please protect your capital at any cost. 📌 Tip: Pullbacks to breakout zones often offer excellent risk-reward setups. Look for bullish reversal candles to confirm the bounce.
NSE:KFINTECHLong
by sagartharayil
EQUITAS BANK : Base Breakout Soon#EQUITASBNK #breakout #basebreakout #momentumtrading EQUITAS BANK : Swing Trading >> Base Breakout soon >> Momentum Building up >> Good Strength & Volume Rising >> once breakout, Price can spike quickly towards 200 EMA (Blue Line). 200 EMA will act as a magnet for price. Swing Traders can lock profit at 10% and keep trailing. Pls Boost, comment & follow us if u like this Trade Idea. Disc : Charts shared are for Learning purpose & not a Trade Recommendation. Consult your Financial Advisor and do your own analysis before taking position in it.
NSE:EQUITASBNKLong
by moneyfesttrading
Wipro Gearing Up for a Stage 2? Add to your WL.After the bonus issue, Wipro is setting up again -Forming a base right at a resistance level. -Narrow Range candles. -Dry Volume. -Stock is in an uptrend. -Could be a potential stage 2 Wait for the entry to trigger for a fresh entry. Wait for a confirmation of stage 2. Entry: Above 315 SL: 283 day closing basis. Risk- 9.7% Potential Reward: 18% RR: 1:1.9 A word of caution: The Quarterly earning releases are due on January 8. Watch the Price action near the T1 ( 371) for further addition to the existing position or for fresh entry. Lock some profit at T1.
NSE:WIPROLong
by sagartharayil