Jindal Steel multiyear price breakout #Nifty #JINDALSTELPrice is breaking out after 14 years, showing a multi-year price breakout.
Maybe a a Good chance for a Multi-bagger return
Entry: Current price or 800-1100 range
Stoploss: monthly or weekly close below 700
Upside levels: 1100-1400-1800-2200-3200
Analysis just for a learning point of view
Not a recommendation
BSE
BSE Ltd cmp 2482 by Daily Chart viewBSE Ltd cmp 2482 by Daily Chart view
- Support Zone 2270 to 2345 Price Band
- Resistance Zone 2525 to 2585 Price Band
- Descending Triangle pattern Breakout seems sustained
- Stock seems trading within price range indicating Darvas Box setup
- Volumes seen gradually syncing closely with the average traded quantity
- Most known Technical Indicators BB, EMA, MACD, RSI, SAR seem trending positively
BSE | Falling Wedge Breakout Imminent? Potential Upside of 21%Stock: BSE (Bombay Stock Exchange)
Timeframe: Daily (1D)
Current Price: ₹2,547.90
Potential Upside: ₹639 (+21.14%)
Resistance Levels: ₹3,019.90, ₹3,663.65
Support Zones: ₹2,370 | ₹2,110
📌 Technical Analysis
1. Falling Wedge Formation (Bullish Reversal Pattern)
BSE is currently trading within a well-defined falling wedge pattern, a classic bullish reversal structure. The stock has been consolidating after a strong uptrend and is approaching the apex of the wedge, indicating a possible breakout.
Downward Sloping Resistance Line is being tested.
The support zone around ₹2,370 has held strong multiple times, creating a solid base.
2. Volume Analysis
Noticeably declining volume during the wedge formation signals a healthy consolidation phase.
A spike in volume on breakout would confirm strong buying momentum.
🔍 Breakout Target Projection
If BSE breaks out from the wedge resistance, the measured move suggests a potential upside of ₹639, bringing the target around:
📍 Target: ₹3,180–3,340 range
📍 Long-Term Resistance: ₹3,663.65 (next major hurdle)
🧠 Strategy Suggestion
Type Entry stop loss entry
Swing Trade ₹2,600–2,650 (after breakout confirmation) ₹2,370 ₹3,019 / ₹3,340 / ₹3,663
Note: Wait for daily candle close above the falling wedge with above-average volume for confirmation.
⚠️ Key Observations
🔹 Bullish momentum from previous uptrend still intact.
🔹 Price respecting demand zone at ₹2,370.
🔹 RSI near neutral – enough room for an upside.
🔹 Ideal breakout zone: Between ₹2,600–2,650
📅 Conclusion
BSE is showing a promising setup with a falling wedge pattern supported by strong demand zones. A successful breakout could lead to a 20%+ rally. Keep this stock on your radar as it nears a potential trend reversal.
📌 Disclaimer: This is not investment advice. Do your own research or consult with a financial advisor before investing.
Options Strategy Breakdown – For Educational Purpose Only________________________________________
📈 Options Strategy Breakdown – For Educational Purpose Only
🧠 Learn to Structure a Bull Call Spread Strategically
________________________________________
🔹 Stock Name: BSE
🔹 Spot Price: ₹2546
🔹 Lot Size: 375
🔹 Number of Lots: 1
🔹 Expiry Date: 31-July-2025
🕒 DTE (Days to Expiry): 16 Days
💡 Strategy Type: Bull Call Spread – Limited Risk | Limited Reward Option Structure
________________________________________
📘 Strategy Construction (Illustrative Example):
1️⃣ Buy Call Option – Strike: ₹2500 | Premium Paid: ₹125
2️⃣ Sell Call Option – Strike: ₹2600 | Premium Received: ₹76
🧮 Net Premium Outflow: ₹49
(₹125 - ₹76 = ₹49 * 375 = ₹18,375)
________________________________________
📊 Payoff Metrics (Illustrative & Hypothetical):
• 🔹 Breakeven Point: ₹2549.00
• 📈 Maximum Profit: ₹19,125 (When Spot ≥ ₹2600)
• ⚠️ Maximum Loss (Capital Deployed): ₹18,375 (if Spot ≤ ₹2500)
• 🔄 Real-Time PnL: Subject to market movement
• 🎯 Suggested Profit Booking Threshold: ₹18,375 (illustrative target)
• 🛑 Reversal Exit Point (Invalidation): Spot < ₹2487.75 (Support Violation)
________________________________________
📌 Why Learn This Strategy?
The Bull Call Spread is a risk-defined options strategy designed for moderately bullish views. It reduces premium cost compared to naked options and has a clearly capped loss and reward, making it suitable for learning proper risk management in derivatives trading.
________________________________________
🔍 Key Educational Takeaways:
• Helps manage premium exposure in trending markets
• Builds awareness of breakeven levels and invalidation points
• Encourages use of defined-risk structures over naked positions
• Promotes discipline and technical level-based exits
________________________________________
⚠️ Educational Disclaimer:
📢 This post is intended purely for educational and informational purposes only and does not constitute investment advice, recommendation, or solicitation to trade.
I am not a SEBI-registered investment advisor. All data shared above is illustrative and should not be considered as buy/sell advice.
Trading in derivatives involves risk. Please consult a SEBI-registered advisor before taking any financial decisions.
📘 Past performance or setup structure does not guarantee future results.
Always do your own research and use strict risk management.
________________________________________
💬 Want more educational breakdowns like this?
Drop a comment or message!
🔁 Share this with fellow learners to help them build structured option strategies.
✅ Follow @simpletradewithpatience for charts, clean setups, and educational content based on price action, zones, and risk-managed trades.
________________________________________
BSE – Strong Call Writing | Tested Supply Zone in Play________________________________________________________________________________
📈 BSE – Strong Call Writing Below 2600 | Tested Supply Zone in Play
🕒 Chart: 15-Min
📆 July 8, 2025
________________________________________________________________________________
🔍 What’s Catching Our Eye:
Massive Call writing seen from ₹2400 to ₹2900, clearly indicating resistance at higher levels.
________________________________________________________________________________📌 What We’re Watching For:
Price is facing selling near the ₹2542–₹2589 supply zone; a rejection here can drag it toward ₹2395 or below.
________________________________________________________________________________📌 OI Inference:
CEs are heavily sold across all levels – especially 2600, 2500, 2700, and 2400 CE.
Strong Put buying from 2400 down to 2000 PE → Market participants are expecting downside.
________________________________________________________________________________🔁 Trend Bias:
🔴 Bearish to Range-Bound – unless price breaks above ₹2594.05 with volume and CE unwinding.
________________________________________________________________________________🧠 Trade Logic / Reasoning:
• 12+ Call Strikes under Short Build-Up = strong ceiling
• Long Build-Up in deep Puts (2500, 2400, 2300, even 2000)
• Tested supply zone between ₹2542–₹2589 = rejection likely
• PE IVs rising = fear building up, especially below 2500
________________________________________________________________________________📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2731.6
🔻 Bottom Range (Support): ₹2395
🟢 Demand Zone: NA
🔴 Supply Zone: ₹2542.20 – ₹2589.10 | SL: ₹2594.05(Tested Zone)
________________________________________________________________________________🎯 Trade Plan (Educational Purpose Only):
✅ Sell (Equity): Near ₹2542–₹2589 if price rejects the supply zone
✅ Buy (Equity): Only above ₹2594.05 with strong volume
✅ Best Put to Buy: ₹2500 PE or ₹2400 PE on breakdown
❌ Avoid Call Buying: All Calls are under heavy selling
📌 Strategy Idea (Low Risk):
Bear Put Spread – Buy 2500 PE, Sell 2400 PE
→ Profitable if stock drops, risk stays limited
________________________________________________________________________________⚠️ Invalidation Levels:
🔺 Above ₹2594.05 = bearish setup may fail
🔻 Below ₹2395 = confirms breakdown and trend continuation
________________________________________________________________________________
⚠️ Disclaimer:
This post is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for any trading decisions based on this content.
________________________________________________________________________________
💬 Will BSE break supply and fly, or get rejected again?
⬇️ Share your view in the comments!
🔁 Repost this if you're watching BSE
✅ Follow STWP for clean Options + Price Action insights
🚀 Let’s trade with clarity and confidence!
________________________________________________________________________________
BSE - Support Break with Bullish Recovery SetupSymbol: BSE (Bombay Stock Exchange)
Timeframe: Daily
Key Levels:
✅ Breakdown: 2500 (closed below) → Next support: 2300 → 2000 (major).
✅ Bullish Anchor: Price > 200 MA + ascending trendline (Jan 20, 2025 breakout now support).
📊 Technical Structure
Critical Support Break:
-Daily close below 2500 (confirmed breakdown of key support).
-Next supports: 2300 (immediate) → 2000 (major swing low).
Bullish Anchors:
-Price above 200-day MA (long-term uptrend intact).
Ascending Trendline Support:
-Originating from Jan 20, 2025 (resistance until May 13 breakout).
-Now acting as dynamic support (resistance-turned-support).
Key Reversal Signal: Watch for reclaim of 2500
-Requires strong bullish candle + above-average volume.
-Confirms failed breakdown and resumption of uptrend.
🎯 Trading Plan
Scenario 1: Buy Dips (Conservative)
Entry Zone:
-Layer 1: 2300 (trendline + horizontal support confluence).
-Layer 2: 2000 (swing low + 200 MA reinforcement).
-Stop Loss: 1950 (below 2000 structure).
-Targets: 2500 → 2700 → 2900.
Scenario 2: Breakout Re-entry (Aggressive)
Trigger: Daily close above 2500 with: Bullish candle (preferably >1.5% gain).
-Volume ≥ 20% above 10-day average.
-Stop Loss: 2450 (below breakout level).
-Targets: 2700 → 2900 (measured move).
⚠️ Risk Management
Position Size: ≤3% capital per trade.
Invalidation Conditions:
-Close below 2000 (invalidates bullish thesis).
-Failed 2500 reclaim (weak volume/rejection candle).
Disclaimer: Not financial advice. Conduct your own due diligence. Past performance ≠ future results. Risk capital only.
🔥 Boost if this analysis helps your strategy!
💡 Comment below any stocks you want me to analyse next!
BSE – Heavy Call Writing Indicates Resistance Ahead________________________________________
📈 BSE – Heavy Call Writing Indicates Resistance Ahead | OI + Price Action Analysis
🕒 Chart Type: 15-Minute
📆 Date: July 7, 2025
________________________________________
🔍 What’s Catching Our Eye:
BSE is trading near ₹2636, and the Option Chain is showing aggressive Short Build-Up on Calls from 2650 to 3000, clearly highlighting a resistance zone above current price. Meanwhile, Put writers are unwinding, especially at ₹2600 PE, confirming weak bullish conviction. Traders are playing defensively with bearish bias dominating.
________________________________________
📌 What We’re Watching For:
If BSE breaks below ₹2600, we may see a quick slide toward ₹2550–2500. However, a sharp breakout above ₹2700 with strong volume may trigger a round of short-covering. Until then, upside looks capped due to excessive Call writing.
________________________________________
📊 Volume Footprint:
Options activity is backed by strong volume —
• Over 8.9k contracts at ₹2700 CE
• Over 8.1k contracts at ₹2800 CE
• Over 7k contracts at ₹3000 CE
→ Traders are betting on price staying below 2700–2800 levels, creating a strong supply wall.
________________________________________
📈 Option Chain Highlights:
• Calls (Short Build-Up):
o ₹2700 CE: +81,375 OI | Price ↓ 8.82%
o ₹2800 CE: +18,375 OI | Price ↓ 11.07%
o ₹3000 CE: +77,250 OI | Price ↓ 16.60%
o ₹2650 CE: +38,250 OI | Price ↓ 8.01%
• Puts:
o ₹2600 PE: -42,375 OI | Price ↓ 10.94% → Long Unwinding
o ₹2500 PE: +102,375 OI | Price ↓ 16.55% → Short Build-Up
📌 Inference:
Bulls are on the back foot. CE writers are dominating across all key strikes, and only the 2500 PE is showing fresh interest — which is far from spot, indicating potential room for further downside.
________________________________________
🔁 Trend Bias:
🔴 Bearish to Neutral – Unless 2700 breaks cleanly
________________________________________
🧠 Trade Logic / Reasoning:
Every CE strike from ATM to OTM is under short build-up — that's a clear ceiling forming. With no visible strength in Put writing near spot, the path of least resistance appears to be on the downside. Keep a close eye on ₹2600.
________________________________________
📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2731.60
🔻 Bottom Range (Support): ₹2590.70
________________________________________
🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Equity): Only if BSE crosses ₹2700 with volume
✅ Best Sell (Equity): Below ₹2600 for target ₹2550–2500
✅ Best CE to Long: ❌ None – All major Calls under Short Build-Up
✅ Best PE to Long: ₹2500 PE – Showing fresh bearish positioning
🟢 Demand Zone: NA
🔴 Supply Zone: NA
⚠️ Invalidation Below:
Bullish view invalidated if price sustains below ₹2600
________________________________________
⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________
💬 Spotting the weakness early helps plan smarter.
What’s your view on BSE – comment below ⬇️
🔁 Share this if you're tracking BSE this week
✅ Follow STWP for clean price + OI based setups
🚀 Be Self-Reliant | Trade with Patience | Learn with Logic
________________________________________
BSE Ltd - Breakout Setup, Move is ON...#BSE trading above Resistance of 4169
Next Resistance is at 6645
Support is at 2586
Here is previous chart:
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.
BSE - Cup and Handle - BO - DailyHere’s the **technical analysis** for **BSE Ltd. (Bombay Stock Exchange)** based on the chart you shared:
---
### 📊 **BSE Ltd. (NSE) Technical Analysis**
1. **Pattern Observed:**
- Beautiful **Cup and Handle** pattern formed and broken out.
- Previous consolidation (marked rectangle) now successfully cleared.
2. **Key Levels:**
- **Breakout Zone:** ₹5780.
- **Current Price:** ₹6564.
- **Immediate Resistance:** ₹6597 (today's high).
- **Major Target (as per pattern):** **₹7822**.
3. **Volume Confirmation:**
- Strong volume spikes during breakout — **very positive**.
4. **Target Projection:**
- Cup Depth ≈ ₹2057 points.
- Projected Target = Breakout level (₹5780) + Depth (₹2057) = **₹7822**.
5. **Support Levels:**
- ₹5780 (important support now).
- ₹5000 zone (in case of major correction).
---
### 📈 **Summary Table**
| Aspect | Detail |
|:------|:-------|
| Pattern | Cup and Handle |
| Breakout Level | ₹5780 |
| Current Price | ₹6564 |
| Immediate Resistance | ₹6597 |
| Major Target | ₹7822 |
| Support | ₹5780 |
| Bias | **Very Strong Bullish** |
---
### 📋 **Example Trade Setup**
- **Entry:** Hold/Buy on dips near ₹6300–6400 (if retracement happens).
- **Stop Loss:** ₹5700 (safe, below breakout point).
- **Target 1:** ₹6597.
- **Target 2:** ₹7822.
---
### 🧠 Observations:
- BSE Ltd has **already given a sharp move** post-breakout, so a minor retracement or consolidation can happen before the next leg higher.
- RSI and momentum indicators would likely show strong overbought readings — **normal in strong trends**.
---
**Summary:**
✅ **BSE Ltd.** has already **triggered a breakout** and looks extremely **strong towards ₹7822** in the coming weeks. 🚀
✅ Only condition: Ideally, fresh entries should be cautious near highs — **buy on minor dips** or wait for a little consolidation.
---
Infosys (INFY) Stock Forecast – March 2025Infosys (INFY) Stock Forecast – March 2025
Current Price: ₹1,619.50
Timeframe: Monthly Chart (1M)
Technical Analysis & Forecast
1. Trendline Support: The stock is currently testing a key trendline support on the monthly chart.
2. Breakdown Possibility: If INFY closes below this trendline, it may head towards the ₹1,400 level, aligning with the S2 support zone.
3. Resistance Levels: The recent rejection from ₹1,850-1,900 suggests strong selling pressure at those levels.
4. Market Structure:
Lower highs (LH) formation indicates a possible bearish continuation.
Change of character (ChoCH) signals uncertainty in trend direction.
5. Indicators:
Moving Averages: INFY is testing its long-term moving averages. A break below these could accelerate the downside.
Volume & Momentum: Selling pressure has increased, and bulls need to reclaim key resistance levels for a recovery.
My View
INFY is taking trendline support this month. If this support is broken, we can expect ₹1,400 as the next downside target. However, if buyers defend this level, a rebound towards ₹1,750 is possible.
Disclaimer
This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research or consult with a professional before making any trading decisions.
BSE : Trading Sideways with HIGH IV- Current Ratios : P/E ~ 84 (5 yr average of ~37.5), PEG ~ 5, P/BV ~ 21 (5 yr average of 3.2)
- Technically, BSE has gone into a consolidation within a range of 6200 to 5000 since Dec-2024..
- Yesterday’s bounce was due to Goldman-Sachs purchase in the stock, and momentum can push it to test 6000-6200 levels soon.
- A significant direction in BSE stock prices will only emerge, once it breaks this consolidation range.
- However, this seems like a nice setup for Option traders to trade this range., as the Implied Volatility has also jumped significantly.
#stoxsense #bse #learntradingwithsudhir
BSE Bombay Stock Exchange Technical👉🇮🇳As per recent data on chart of #BSE #BombayStockExchange has shown significant trading volumes, especially in derivatives like options and futures, indicating active technical trading. The Sensex has been noted for setting new records, suggesting bullish trends that technical analysts would interpret through various indicators. but in my view top has been made please find the 📉chart for your reference.
#bseltd ❣️ #renderwithme #stockmarketsindia #ShareMarket #Nifty #Nifty50 #MarketNews
Sensex: Double Bottom BrokenThe Sensex has broken the double bottom support at 77,575, signaling a bearish breakdown structure. The next key level to watch is 76,000, which is now on the radar for potential testing.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional financial advisor before making any trading or investment decisions.
Metal Index: Ascending Triangle Broken, Testing Support LevelsDescription :
The CNS Metal Index recently broke below the 5th pivot of an ascending triangle pattern. This signals a potential bearish shift in momentum. The next key level to watch is the support zone around 8100. If this level is tested and broken, it could indicate further downside potential.
Traders should watch for confirmation signals, such as increasing volume on the breakdown or a sustained close below 8100, before making decisions. Conversely, if the index rebounds above the broken triangle line, it might invalidate the bearish scenario and suggest a consolidation phase.
Disclaimer :
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional financial advisor before making any trading or investment decisions. Trading involves significant risk and may result in substantial losses.
Technical Analysis of Gopal Snacks Ltd....TRADE FOR LATERINVEST BEFORE READ CAREFULLY / TAKE TRADE ON YOUR OWN RISK
RISK~REWARD PROFILE = 5.91:1
NSE:GOPAL SANEKS Technical chart Observations:-
~Price Correction:-
The stock corrected around 29%, possibly due to the negative news (fire in a warehouse).
The price appears to be approaching a strong psychological support level at ₹335.
~Pattern Formation:-
A potential Head and Shoulders pattern is visible, signaling a bearish reversal that already played out.
The price dropped significantly post-pattern completion.
~Support Level:-
Key support is around ₹322.80, which is highlighted as the entry point for a possible bounce.
Stop-loss (SL) is marked at ₹304.50 to limit downside risk.
~Target Levels (TP):-
~TP1: ₹362.30
~TP2: ₹386.35
~TP3: ₹430.95
~Volume:-
The trading volume on the recent downtrend is moderate, indicating cautious selling.
~Trend:-
Currently in a downtrend but nearing a critical psychological support zone.
Trading Strategy:
Wait for Confirmation: Enter the trade only if the price shows a clear bounce or reversal signs at the ₹322.80 level.
~Risk-Reward:-
Stop-loss: ₹304.50 (downside ~₹18.30 per share).
Target 1 (TP1): ₹362.30 (upside ~₹39.50).
Risk-reward ratio is favorable if TP1 is achieved.
~Notes:-
This is a counter-trend trade (going against the dominant downtrend), so caution is advised.
Monitor closely for any trend continuation or reversal indicators (e.g., candlestick patterns or volume spikes).
The highlighted targets (TP1-TP3) should be treated as milestones—book partial profits at each.
Final Note:
This chart suggests a well-structured trade setup, but execution depends on confirmation of price action near the support zone. Traders should monitor market sentiment, news updates, and technical signals before entering the trade.
Disclaimer:
I am not a SEBI-registered advisor. These levels are for educational purposes only. Please trade at your own risk. Consult a professional financial advisor for tailored advice. Like and share if you found this helpful!
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SIEMENS BEARISH TREND ANALYSIS (SHORT)NSE:SIEMENS
SIEMENS BEARISH TREND ANALYSIS
Key Levels:
Entry Point: ₹6,559.45
Stop Loss (SL): ₹6,732.85
Target Points:
TP1: ₹6,339.95
TP2: ₹6,143.60
TP3: ₹5,747.50
Analysis:~
Trend Overview:
Siemens is showing a bearish trend, confirmed by the price breaking an 8-month support level. The chart highlights potential downside targets with a disciplined stop-loss placement.
Support and Resistance:
The price has failed to sustain above the long-term support level, which has now turned into resistance.
The trend suggests potential further decline toward the specified targets.
Risk Management:~
Stop Loss at ₹6,732.85 ensures risk is minimized if the trade goes against the trend.
Target levels are spaced for progressive profit booking.
Chart Insights:~
Bearish Confirmation:
Siemens has turned bearish, breaking below its 8-month support zone, signaling potential further downside movement.
Resistance:~
The previous support level now acts as resistance.
A stop loss is placed slightly above this level to mitigate risk in case of trend reversal.
Profit Targets:~
TP1 and TP2 offer conservative profit levels, while TP3 provides a more aggressive downside target.
Trend Direction:
The 50-day and 200-day moving averages are sloping downwards, indicating sustained bearish momentum.
Disclaimer:
I am not a SEBI-registered advisor. This analysis is for educational purposes only. Trade at your own risk. Please consult a professional financial advisor before making trading or investment decisions. Thank you! Like and share if you found this helpful.
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Lupin Breakout: A New Highs Journey Begins!Hello everyone, i hope you all will be doing good in your life and your trading as well. Today i have a Lupin stock which has caught the market's attention with a powerful breakout from its resistance zone. Backed by increasing volume and bullish momentum, this pharmaceutical giant is showing signs of a potential rally. Let's dive into the chart to explore the opportunities.
1. Chart Overview
The chart appears to be for LUPIN LTD on a daily timeframe (1D).
The key focus is on price action with clearly defined support and resistance zones.
Indicators used include the RSI (Relative Strength Index) at the bottom of the chart.
The price is currently trading at ₹2,311.35, up by +3.75% for the day.
2. Key Levels Highlighted
Support Zone (Grey Band)
The support zone is marked around the ₹2,000–₹2,100 level, acting as a base where buyers consistently step in.
The price bounced off this zone multiple times, confirming its strength.
Resistance Zone (Grey Band)
The resistance zone is marked around ₹2,300–₹2,350, where sellers have historically prevented price from moving higher.
The recent breakout indicates strong bullish momentum.
Stop Loss (₹2,222)
A stop loss is suggested at ₹2,222, slightly below the resistance zone.
This is to manage risk in case the breakout fails and the price reverses.
Targets
1st Target: ₹2,490 : This is a realistic level based on previous price action and the measured move.
2nd Target: ₹2,678: This is a more optimistic target if the price continues its uptrend.
3. Price Action
Breakout: The price has broken above the resistance zone with strong bullish momentum, as seen by the large green candle and increased volume. This breakout suggests a potential continuation of the uptrend.
4. Volume Analysis
Volume Surge: There is a noticeable increase in volume during the breakout, indicating strong buying interest. Volume confirmation is a good sign that the breakout is genuine.
5. RSI Analysis
Current RSI: 71.94
The RSI is above 70, indicating an overbought condition. While this signals strong momentum, it may also suggest caution as a short-term pullback is possible.
Previous Bearish Divergences: Marked in red, showing past instances where the RSI was high but price reversed.
Bullish Confirmation: Marked in green, showing that RSI and price are aligned with the current uptrend.
6. What Does This Mean?
The breakout above resistance indicates a potential shift in market sentiment, favoring buyers.
The targets suggest significant upside potential, but the RSI warns of possible short-term profit booking.
7. Possible Outcomes
Bullish Scenario:
If the price holds above the resistance zone and sustains higher levels, it could move towards the 1st and 2nd targets.
Bearish Scenario:
If the price closes below ₹2,222 (stop loss), it may revisit the support zone around ₹2,000–₹2,100.
8. Suggested Actions
Entry: On sustained breakout above ₹2,311 (current level).
Stop Loss: Strictly at ₹2,222 to minimize losses.
Profit Booking: Gradual booking at ₹2,490 and ₹2,678.
Lupin has broken out of its resistance zone with strong momentum, signaling a potential uptrend. With solid fundamentals and technical confirmation, the stock looks poised for higher levels. Keep an eye on the targets and manage your risk with the defined stop-loss. Happy Trading!
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Garware Technical Fibre in Extended Wave 3NSE:GARFIBRES
Garware Technical Fibre is in final wave of extended wave 3. The current stock movement indicates that it is currently in the fourth wave of the extended third wave, and it is in the process of forming a triangle pattern. Trangle always form in wave 4. I have labelled wave 4 triangle with ABCDE.
Entry point is at high of wave D :- 3375/-
Target :- 4906/-
Profit Probability :- 45%