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Nibe Ltd – Elliott Wave UpdateNibe Ltd – Elliott Wave Update Nibe Ltd has reversed decisively from the 78.6% Fibonacci retracement, completing a textbook ABC corrective structure. The reversal was accompanied by clear bullish divergence on RSI and MACD, confirming exhaustion of the corrective phase. Following the reversal: Wave 1 of the new impulsive structure is complete Wave 2 has unfolded as a shallow, time-wise correction Price is now trading in Wave 3, supported by expanding momentum and rising volume As long as price holds above the recent swing low (~₹1,030), the impulsive structure remains valid. Momentum indicators continue to support further upside, suggesting the trend is in an acceleration phase rather than exhaustion. Trend Bias: Bullish Structure: Impulsive (Wave 3 in progress) Minimum Target: ₹1,700 Invalidation Level: Below the Wave-2 low
NSE:NIBELong
by tradetechnicalanalyst
4
Coal India Ltd - Breakout & Retest with Bullish MomentumCoal India Ltd has successfully broken a key resistance level and is currently retesting it, indicating potential bullish continuation. Entry zones are well-defined with a stop-loss to manage risk. Targets align with previous resistance levels, confirming strong risk-reward potential. ⚡ Key Technical Points: - Resistance Breakout & Retest: Price has broken resistance and is retesting, a bullish confirmation signal. - Resistance Breakout & Re-test 🔵 - Entry 1 - 401 🟢 - Entry 2 - 354 🟢 (Support Zone) - Stop-Loss below 346 🔴 (Risk Management) - Target 1 - 440.80 📈 - Target 2 - 502.75 📈 Why This is a Technically Strong Setup: - ✅ Resistance Breakout & Retest: Price has broken a key resistance and is retesting it, a classic bullish continuation signal. - ✅ Strong Support Levels: The 354 zone has acted as a solid support multiple times, making it a high-probability entry. - ✅ Moving Averages Alignment: Price is reclaiming key moving averages, signaling trend reversal. - ✅ Volume Confirmation: The breakout was backed by increasing volume, adding strength to the move. - ✅ Favorable Risk-Reward Ratio: Defined stop-loss below 346 minimizes downside risk while upside targets offer a strong reward. - ✅ Higher Highs & Higher Lows: Market structure suggests a shift to an uptrend. 🚨 No financial advice. Do your own research.
NSE:COALINDIALong
by Pattern_Ninja
8
MTAR Technologies Ltd - Breakout Setup, Move is ON...#MTARTECH trading above Resistance of 7044 Next Resistance is at 9896 Support is at 4838 Here are previous charts: The Parallel channel is a powerful chart pattern that combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. Generally speaking, there are three types of Parallel channel: Parallel Channels that are angled up are called ascending parallel channels. Parallel Channels that are angled down are descending parallel channels. Parallel Channels in which the trend lines are horizontal are called horizontal channels, trading ranges, or rectangles. Ascending and descending parallel channels are also called trend channels because the price is moving more dominantly in one direction. If the price breaks out of a trading parallel channel to the upside, the move could indicate that the price will rally further. For example, the chart above shows a parallel channel and breakout in MTAR Technologies Ltd stock. MTAR Technologies Ltd broke descending Parallel channel on October 13, 2025 after 3 years. Further, chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MTARTECHLong
by MandeepSinghKohli
Black Box Ltd - Breakout Setup, Move is ON...#BBOX trading above Resistance of 514 Next Resistance is at 779 Support is at 293 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BBOXLong
by MandeepSinghKohli
2
Union Bank of India: Head & Shoulders Breakdown — Target ₹158🔍 Overview : Union Bank of India is showing clear bearish structure after forming a classic reversal pattern on the chart. The stock has failed to sustain higher levels and is now indicating a potential downside move. 📊 Pattern: Head & Shoulders Formation : A well-defined Head & Shoulders pattern has formed: Left Shoulder: Initial swing high Head: Higher high with strong rejection Right Shoulder: Lower high indicating weak buying Neckline: Critical support level 👉 Price breaking below the neckline confirms a bearish reversal ⚠️ Breakdown Confirmation : Decisive close below neckline Price structure shifts from Higher High → Lower High → Lower Low Selling pressure dominates 👉 This indicates a transition from bullish trend to bearish phase 🎯 Target Projection : The classical measurement rule: 📏 Target = Distance from Head to Neckline (projected downward) 📌 Based on this structure: Expected downside target: ₹158 📉 Trade Setup (Educational) : Bias: Bearish Entry: On breakdown or retest of neckline Stop Loss: Above right shoulder Target: ₹158 ⚡ Key Levels : Resistance: ₹182 Immediate Target: ₹158 Sustained weakness may lead to further downside 🧠 Insight : Lower highs indicate weakening demand Breakdown confirms seller dominance Pattern suggests trend reversal with continuation potential
NSE:UNIONBANKShort
by peace_lover
1
BAJAJFINSV | Daily TF | C&H patternBajaj Finserv Limited Sector: Finance | Timeframe: Daily | Bias: Bullish Setup Type: Cup & Handle Pattern Bajaj Finserv looks to be forming a classic Cup & Handle pattern on the daily timeframe after a sharp correction and strong recovery from the 1600 zone. Price has reclaimed short-term momentum and is now approaching the key breakout resistance near 1870 . The handle formation is getting tighter while RSI is showing bullish recovery with a potential breakout from the falling trendline, indicating improving strength in momentum. A sustained move above 1870 can trigger fresh buying interest and open the path towards the 2200 zone in the coming weeks. 📌 Trade Setup: Buy above: 1870 breakout & closing basis Target: 2200 Stop Loss: Below 1730 Pattern: Cup & Handle Bullish Continuation The longer the base formation, the stronger the potential breakout move. Volume expansion on breakout will be the key confirmation to watch. If you like my ideas, please follow and share for more trade setups 🚀 ⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
NSE:BAJAJFINSVLong
by misalraj
BREAKOUT in Zen Technologies (ZENTEC)A breakout has been observed in Zen Technologies (ZENTEC) on the weekly timeframe, indicating a potential continuation of the prevailing bullish trend. On the daily timeframe, the stock has also registered a range breakout followed by a successful retest of the breakout zone (previous range high), confirming the strength of the setup. Sustained price action above the breakout level may pave the way for the stock to achieve the projected upside targets marked on the chart. However, Traders are advised to remain mindful of broader market sentiment and volatility, as these factors may influence price movement in the near term. A protective stop-loss has been strategically placed below the range low to manage downside risk effectively. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own due diligence before investing or trading.
NSE:ZENTECLong
by YogeshVerma1
CENTUM Price actionTrading has only 2 set ups. 1. Breakout & 2. Reversal Here we have Breakout set up CENTUM is in a strong bullish intraday move today. Price opened near 2,980 and pushed up toward the 3,200 zone, showing strong buying interest. It is trading above both the 50-day and 200-day averages, so the broader structure is still positive. The move is strong, but the candle range is large, so volatility is also high. If it holds above the breakout area, continuation is possible. If it slips back below the day’s support zone, some profit booking can come in. Overall, today’s price action is bullish with momentum, but slightly stretched.
NSE:CENTUMLong
by KamalKJoshi
Madhya Bharat Agro Products Ltd - Breakout Setup, Move is ON...#MBAPL trading above Resistance of 554 Next Resistance is at 817 Support is at 420 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MBAPLLong
by MandeepSinghKohli
Adani Power Limited - Breakout Setup, Move is ON...#ADANIPOWER trading above Resistance of 219 Next Resistance is at 325 Support is at 144 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ADANIPOWERLong
by MandeepSinghKohli
NAM_INDIA - Breakout Setup, Move is ON...#NAM_INDIA trading above Resistance of 1040 Next Resistance is at 1488 Support is at 796 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAM_INDIALong
by MandeepSinghKohli
Sunflag Iron and Steel Co Ltd - Breakout Setup, Move is ON...#SUNFLAG trading above Resistance of 310 Next Resistance is at 661 Support is at 230 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUNFLAGLong
by MandeepSinghKohli
2
NAM_INDIA - Breakout Setup, Move is ON...#NAM_INDIA trading above Resistance of 692 Next Resistance is at 1040 Support is at 452 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAM_INDIALong
by MandeepSinghKohli
GODREJPROP at Make-or-Break Point! ₹2,200 Loading?GODREJPROP The stock is at a make-or-break point. It has stopped falling for now and is trying to build strength near ₹1870. If it crosses ₹1956–2000 with power, the downtrend can finally reverse and head towards ₹2500+. But if it fails and breaks below ₹1,800, it may fall more. Verdict: Cautiously Hopeful. Good chance of recovery, but needs to break above ₹1956 to confirm the up move. Wait for strength or buy small near ₹1850 with tight stop. Simple game: Sustain ₹1956 = Go Long Failed to sustain ₹1956 = Reversal from resistance
NSE:GODREJPROPLong
by Prashant_Roy_Nifty_Idea
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Breakout in FSL BUY TODAY SELL TOMORROW for 5%
NSE:FSL
by Kapil-Mittal
4
GRAPHITE Cup & Handle1. Set up - Breakout GRAPHITE is in a strong bullish price action phase today. Price is trading near the upper end of the recent range, which shows buyers are still controlling the move. The stock has already expanded sharply, so momentum is strong but slightly stretched. That means continuation is possible, but small pullbacks can happen quickly. If it holds above the breakout zone, the bullish structure remains intact. If it starts losing intraday support, some profit booking can follow. Overall, the setup is bullish with strong trend strength and high volatility.
NSE:GRAPHITELong
by KamalKJoshi
GOLDIAM Breakout 1. Set up - breakout 2. 52 weeks breakout confirmed with yesterday's closing As of May 8, 2026, GOLDIAM is exhibiting strong bullish momentum, currently trading around ₹428 with a daily gain of approximately 2.5%. The price action has been exceptionally strong recently, delivering over 35% returns in the last month and successfully clearing major resistance zones. It has formed a robust base near the ₹411–₹414 level, which now acts as immediate support, while the intraday high of ₹448 suggests an attempt to challenge its 52-week peak. With the stock trading well above its key moving averages and recording high relative volume, the current structure favors a "continuation" play as long as it holds above the ₹408 mark
NSE:GOLDIAMLong
by KamalKJoshi
BHARATFORG Price ActionThere are only 2 types of trading 1. Breakout & 2. Reversal Chart does not require too much explanation for any idea, i post BHARATFORG is in a strong bullish trend today after a sharp move higher. Price is trading near the upper end of the day’s range, which shows buyers are still in control. The stock is extended above its short-term averages, so momentum is strong but also a bit stretched. That means continuation is possible, but pullbacks can be sharp. If it holds above the breakout area, the trend remains positive. If it loses intraday support, some profit-taking can follow. Overall, today’s price action is bullish with strong momentum and a high-volatility feel.
NSE:BHARATFORGLong
by KamalKJoshi
2
KRISHNADEF Price ActionKRISHNADEF is trading in a sideways-to-positive intraday structure right now. The stock opened above the previous close and has been moving within a relatively tight range. Price is still holding near the current support zone, which shows buyers are active. The move is not a clean breakout yet, so the chart still needs confirmation. If it stays above the short-term support area, the bias remains mildly bullish. If that support breaks, the price action can quickly turn choppy or weak. Overall, it looks balanced with a slight upward edge, but no strong trend confirmation yet.
NSE:KRISHNADEFLong
by KamalKJoshi