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Reliance - Price action channel + Candlestick + RSIKey Observations from the Chart Channel Structure - Both resistance and support lines have been tested multiple times with precise reactions The most recent price action shows a strong rejection at the lower channel boundary Candlestick Formation- This month printed a textbook strong lower wick rejection candle: Long lower wick indicates buyers aggressively stepping in at support RSI Confluence- The RSI tells a compelling complementary story: Recently retested COVID-era levels (historic oversold territory) Has since established higher highs and higher lows (bullish structure) Shows positive divergence with price (RSI making HHs while price tests support)
NSE:RELIANCELong
by Averoy_Apoorv_Analysis
4
Head N Shoulder Breakout in Alkem Labs. Ready for the upmoveAlkem Labs broke the neckline of Inverted Head and Shoulder on the daily chart, retested the neckline and it is looking good for a decent run. The HNS target comes to Rs.5616, which is a good 11.29% from the CMP of Rs. 5146. The Inverted Head and Shoulders pattern is a bullish reversal chart pattern in technical analysis, signaling a potential shift from a downtrend to an uptrend. Moreover, the stock is above trading above 11 & 22 DEMA which signifies good uptrend and momentum. MACD is above zero line and RSI is at 58 indicating strength and momentum. One can keep an eye on this stock for decent 11% return in short term. It will report its Q4'25 earnings on 29th May,2025. The expected revenue is 31.68B. Keep investing!!!
NSE:ALKEMLong
by BullishBrew
Prestige Estate – Bullish Structure DevelopingPrestige Estate – Bullish Structure Developing After Prolonged Correction 📅 Date: April 16, 2025 📈 Chart Type: Daily | Exchange: NSE 💡 Purpose: Educational Analysis 🔍 Price Action Overview After an extended downtrend, Prestige Estate appears to be forming a potential trend reversal structure. A strong bullish candle has emerged from a key support zone, accompanied by multiple technical confirmations that indicate renewed buying interest. 📌 Key Technical Highlights 📉 Downtrend Line Break: The stock has convincingly broken above a descending trendline, indicating a potential shift in trend dynamics. 📊 Indicators Triggered: ✅ RSI Breakout: Momentum is turning positive. ✅ MACD Crossover: Bullish signal crossover observed. ✅ Bollinger Band Squeeze Off: Suggests upcoming volatility with a directional move. 📍 Volume Surge: A notable spike in volume supports the strength of the breakout candle. 🧱 Support and Resistance Zones 🟢 Support Levels: S1: ₹1148 S2: ₹1098 S3: ₹1071 Broad Support Zone: ₹1000–1050 (marked as Weak Support) 🔴 Resistance Levels: R1: ₹1272 (Pattern Entry Level) R2: ₹1252 R3: ₹1302 Major Resistance: ₹1900–2000 (Long-term supply zone) 🔄 Entry Reference Levels (For Educational Illustration Only) ✳️ Early Entry Reference: Above ₹1203 A close above ₹1203 indicates sustained strength and potential continuation. 🧩 Pattern Breakout Entry Reference: Above ₹1272 A breakout above ₹1272 could confirm a larger reversal pattern with room to test higher resistance levels. ⚠️ Important Disclaimer This analysis is strictly for educational purposes and aims to help readers understand price structure, support/resistance zones, and indicator alignment. It does not constitute investment advice or a buy/sell recommendation. Always consult a registered financial advisor before making any investment decisions. Market participation involves risk and capital protection should be a priority. 📘 Conclusion Prestige Estate is currently at a critical juncture where momentum indicators, volume, and price action are aligning for a potential upside continuation. Close monitoring of key breakout levels and market conditions will be crucial for informed decision making. 🔔 Let us know your thoughts in the comments – Do you see strength sustaining above ₹1203? 📊 Poll: Will Prestige Estate reclaim ₹1300 in the coming weeks?
NSE:PRESTIGELong
by simpletradewithpatience
W Pattern Breakout Setup on 15-Min Chart📊 Script: BAJAJ FINSERV LTD. (NSE) ⏱️ Timeframe: 15-Minutes 📌 Chart Pattern: W-Pattern Formation A potential bullish W-pattern is forming on the 15-minute chart of Bajaj Finserv. The price is consolidating near the neckline, indicating a possible breakout move in the upcoming sessions. Key Levels: ✅ Breakout Resistance: 2,094.80 ⚠️ Support Zone: 2,028.80 💼 Current Price: 2,063.70 If the price sustains above 2,094.80 with volume confirmation, it could trigger a short-term upward rally. The structure shows healthy consolidation and buying interest around support, which adds strength to this setup. Trade Plan (For Educational Purposes): 📈 Entry: On breakout above 2,095 with strong volume 🎯 Target: ~100–150 points above breakout 🛑 Stop Loss: Below 2,028 (on a candle close basis) Caution: Results are due so watch for possible reversal below 2028
NSE:BAJAJFINSVLong
by simpletradewithpatience
NORTHERNARC | Simple Price action Textbook CT breakout confirmed on the Daily chart: ✅ Strong demand zone formation with clear upward push ✅ Multiple volume spikes signaling institutional activity ✅ Clean Counter-Trendline (CT) breakout ✅ Hidden resistance line (dotted) also broken — extra confluence ✅ Immediate supply zone above marked for next watch Breakout candle closed strong with momentum. Setup aligns with high-conviction strategy criteria — watching price action near supply for continuation or base formation.
NSE:NORTHARCLong
by Averoy_Apoorv_Analysis
POWER GRID - INVERSE HEAD & SHOULDERS BREAKOUTSymbol - POWERGRID Power Grid Corporation of India Ltd. is a Maha-ratna Public Sector Enterprise and a key player in the Indian power transmission sector. It operates as a central transmission utility and is involved in the planning, implementation, and maintenance of transmission systems across the country. Recently, the stock has exhibited a notable bullish breakout after forming an Inverse Head and Shoulders pattern. A classic reversal formation signaling a shift from a downtrend to an uptrend. Following the breakout, the stock may witness a retest of the neckline zone, which now acts as a support area - around 300 to 303 range. This zone offers a favorable risk-reward entry for positional investors anticipating further upside. The projected target from this breakout lies near the 350-355 zone, offering a potential 17-20% upside from current levels, based on the height of the pattern added to the breakout point. For prudent risk management, a stop loss below 280 is advisable, just below the right shoulder, to protect against unexpected downside. Overall, the breakout of a well-formed Inverse Head and Shoulders on a higher time frame charts presents a bullish outlook for Power Grid, making it a strong candidate for medium-term investment consideration. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:POWERGRIDLong
by akshit_official
11
TATACONSUM – Cup & Handle Breakout | VCP Formation🔍 Technical Overview: The stock has broken out of a classic Cup & Handle pattern. Early bird entry was around ₹1143.45. Currently trading near the 1-year ATH resistance at ₹1253.85. A Volume Contraction Pattern (VCP) might be playing out, with visible contractions and tight price action in the handle. Strong volume spikes seen during recent upmoves—indicating institutional interest. 📊 Price Levels: 📍 Entry Zone: ₹1143.45 – CMP 📍 Resistance to watch: ₹1253.85 – Breakout above this with volume can propel the stock higher. 📉 Stop Loss: ₹993.50 (on closing basis) ✅ Trading well above key DMAs (50, 100, and 200) 🌐 Market Context: While Nifty is holding above its 50 & 200 DMA, the Nifty 500 index is still below the 200 DMA, indicating broader market caution. Expect volatility and shakeouts in the near term. Market breadth is improving but risk management remains crucial. ⚠️ Risk Note: The current setup is promising, but given the broader market's fragile structure, strict SL adherence and position sizing is key.
NSE:TATACONSUMLong
by sagartharayil
How to Find High-Performing SectorsIn this video, I’ll show you how to identify strong-performing stocks in a sectors before they take off — using breakout setups . You’ll learn: ✅ How to scan sectors for strength using simple visual cues ✅ How to apply the breakout to sector-level charts ✅ Real examples of sector breakouts and what to watch next ✅ How to align your trades with sector momentum for better results If you're serious about trading breakouts with an edge, mastering sector selection is a game-changer. 📈 Don’t forget to like, boost, comment, and subscribe for more practical trading content!
NSE:COCHINSHIPLong
by MMT_MakeMoneyTrading
2
NSE: ICICIPRULI Nears Key Resistance – Breakout Ahead?ICICIPRULI (NSE: ICICIPRULI) is consolidating near a critical resistance level of ₹606. For a bullish setup: 🔹 Trigger: Wait for a strong green candle closing decisively above ₹606 with elevated volume to confirm bullish conviction. 🔹 Targets: ₹643 (Initial) → ₹668 (Mid-Term) → ₹701 (Extended) → ₹776 (Final Target). 🔹 SL: Low of the breakout candle (strict risk management). Why This Works: Pure price-action strategy: Focus on key levels and volume-driven momentum. Clear risk-reward hierarchy: Final target aligns with historical swing extensions. This post is for educational/informational purposes only and not financial advice. Trading stocks/derivatives carries high risk. Past performance does not guarantee future results. Always conduct your own research and consult a licensed financial advisor before trading. The author assumes no responsibility for losses incurred based on this content.
NSE:ICICIPRULILong
by Alert_Trader
RIDING THE WAVE - CUP & HANDLE BREAKOUT IN MANAPPURAM FINANCESymbol - MANAPPURAM CMP - 234.16 Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC. Manappuram Finance Ltd. has recently demonstrated a significant bullish breakout, having formed a classic cup and handle pattern on a larger time frame and breaking out with strong volume. The cup and handle pattern is a well-regarded bullish breakout formation, and when it occurs on weekly or larger time frames, it tends to be highly reliable, indicating a robust upward momentum. Currently, the stock price may retest the breakout zone, which coincides with the previous resistance area; now turned support - around the 230 to 217 range. This retest is a natural price action behavior and offers an attractive entry point for long positions before the stock continues its upward trajectory. The target for this breakout, based on technical projections, is around 350, representing a 60% upside from the current market price. Given the strength of the breakout and the established pattern, this target appears achievable over the medium term. For risk management, a stop loss can be placed around the 197 level, providing a reasonable cushion in case of a price reversal. From a broader perspective, the formation of a cup and handle pattern coupled with a successful breakout on higher time frames adds a significant bullish bias to the stock. Investors looking for a favorable risk-to-reward setup may find this an opportune time to initiate or add to their positions in Manappuram Finance. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:MANAPPURAMLong
by akshit_official
10
US30 Locked in Tight Range — Breakout ImminentDow Jones (US30) is currently trapped inside a tight consolidation box between ~40,400 and ~40,200. Price action has been flat for hours with no strong directional bias, hinting at an upcoming breakout move. Traders should stay alert for volatility spikes. 🔼 Breakout above the range opens up targets toward 41,437 and 41,476 🔽 Breakdown below the support could push price down to 39,309 or even test the key zone near 39,276 With key U.S. data around the corner (noted on the chart), the move could be news-driven. Stay reactive and don’t pre-empt the breakout. Let price lead. Plan the breakout. Don’t get trapped in the chop. ✅
BLACKBULL:US30
by sparkrlight
#HCG - VCP Break Out in Daily Time Frame📊 Script: HCG Key highlights: 💡⚡ 📈 VCP Break Out in Daily Time Frame. 📈 Okish Price consolidation near Resistance. 📈 BO with Volume spike. 📈 MACD Bounce 📈 RS making 52WH 📈 One can go for Swing Trade. BUY ONLY ABOVE 570 DCB ⏱️ C.M.P 📑💰- 574 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ️⚠️ Important: Market conditions are bad, Position size 20% per Trade. Protect Capital Always ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:HCGLong
by MMT_MakeMoneyTrading
Amazing breakout on WEEKLY Timeframe - AADHARHFCCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:AADHARHFCLong
by Yoyohoneysingh93
Amazing breakout on WEEKLY Timeframe - TATACONSUMCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:TATACONSUMLong
by Yoyohoneysingh93