ERIS - Bullish Momentum Revival💹 Eris Lifesciences Ltd (NSE: ERIS)
Sector: Pharmaceuticals | CMP: 1701.30 | View: Bullish Momentum Revival
Chart Pattern: Falling Wedge Pattern
Candlestick Pattern: Strong Bullish Momentum Candle
Swing High: 1910
Swing Low: 1506
Price Action
Eris Lifesciences has delivered a decisive shift in structure with a wide-range bullish candle emerging directly from the 1506–1530 demand zone. The move invalidates the recent weakness and successfully wipes out the liquidity sweep below prior lows. The strong candle, accompanied by a 52-week volume breakout, signals aggressive participation by stronger hands. Price has reclaimed the mid-Fibonacci levels and is now approaching the early breakout zone of the falling wedge structure, indicating a transition from compression toward directional expansion.
STWP Trade Analysis:
Bullish Breakout Level: 1740
Stop Loss: 1523
Momentum: Strong
Volume: Extremely High – Institutional Participation
Eris Lifesciences has delivered a powerful reversal from the 1506–1530 demand zone, triggering a breakout attempt supported by exceptional volume. The strong bullish candle reflects aggressive buying, reclaiming key mid-Fibonacci levels and rejecting the earlier liquidity sweep, which now appears to be a fake breakdown. Indicators across the board confirm strength — RSI breakout, MACD crossover, Bollinger Band expansion, and BB Squeeze-Off — all signalling the transition from compression to expansion. Buyers have clearly taken control and are defending higher lows with conviction.
VCP Analysis
The stock has displayed volatility contraction through a prolonged falling wedge, compressing steadily over multiple months. Each contraction phase has shown reduced amplitude, culminating in a sharp volume expansion today. This behaviour aligns with the early ignition stage of a VCP breakout. The surge in volume confirms that this is likely not a random upswing but a structural shift backed by institutional intent. Sustaining above 1708 keeps the VCP bias firmly intact.
STWP Support & Resistance
Supports:
• 1579 – Active demand zone, recently defended with strength
• 1457 – Medium-term structural support
• 1377 – Strong historical accumulation zone
Resistances:
• 1781 – First supply zone; momentum checkpoint
• 1861 – Upper mid-range rejection band
• 1983 – Major structural resistance; breakout gateway
These levels define the range in which the stock will oscillate before confirming its next directional leg.
STWP Stock Analysis:
Final Outlook:
Momentum: Strong | Trend: Neutral(Bullish Bias Developing) |
Risk: Moderate | Volume: Extremely High
Eris Lifesciences has staged a clean reversal after weeks of downward drift, with today’s candle marking a decisive shift in structure. The 52-week volume breakout confirms strong institutional activity, while the open=low candle and wide-range body highlight solid buyer dominance. Multiple technical triggers have aligned — RSI breakout, MACD bullish crossover, Bollinger Band breakout, BB Squeeze-Off, and a liquidity sweep below prior lows — collectively signalling the beginning of a fresh directional phase. The Fibonacci structure reinforces this momentum: price has reclaimed the 0.382 and 0.50 retracements, with room toward the 0.618 and 0.786 levels at 1755 and 1823. Sustaining above 1708 strengthens the upward outlook, opening the path toward higher resistances at 1781 → 1861 → 1983. The falling wedge breakout attempt, supported by the massive volume spike, indicates that the stock is transitioning from a prolonged compression into an early expansion cycle. As long as price holds above the layered demand zones at 1579 → 1457 → 1377, the bullish structure remains firmly intact. Traders should observe how the stock behaves on shallow dips toward 1660–1579. Healthy retests or tight pullbacks within this band often act as high-probability continuation setups in strong momentum environments.
⚠️ STWP Legal Disclaimer
This document is strictly for educational and informational purposes. All examples, charts, levels, and option structures discussed are illustrative and are not intended as buy, sell, or hold recommendations. STWP does not provide investment advice, trading tips, signals, or personalized financial guidance of any kind, nor is it a SEBI-registered intermediary or research analyst. The analyses, illustrations, and risk–reward structures included here are generic in nature and based on publicly available data and observed market behaviour, which may change without notice. Financial markets involve significant risk; derivatives in particular carry the potential for substantial losses. Option premiums, implied volatility, open interest, delta, and other market variables can fluctuate rapidly and unpredictably.
Readers are solely responsible for their trading decisions, capital management, and risk assessment. Before making any investment or trading decision, please consult a SEBI-registered investment advisor. STWP, its representatives, and affiliates shall not be liable for any direct or indirect loss arising from the use of this material. Historical patterns or past market behaviour do not guarantee future outcomes, nor should any part of this document be interpreted as a promise of performance, accuracy, or returns.
Position Status: No active position in this instrument at the time of analysis.
Data Source: TradingView & NSE India.
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