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Patanjali Foods Ltd (NSE: PATANJALI) technical chart breakdown.Patanjali Chart Structure & Price Action The stock has been trading within a descending channel, bounded by the blue trendlines. It recently bounced from a major demand zone (~₹1,698) marked by the green support line that has absorbed liquidity multiple times ("Taken multiple liquidity"). Price is now slowly recovering from this base. Current Scenario CMP: ₹1,747 Immediate Resistance: ₹1,783 (horizontal level) ₹1,818–₹1,835 zone (upper boundary of the falling channel) Break and sustain above ₹1,783–₹1,835 could trigger a trend reversal. Upside Targets Target 1: ₹1,830/Target 2: ₹1,904 Previous structural high Target 3: ₹2,011 Recent swing high Total upside from breakout: ~8.76% Support Levels ₹1,698 – Critical demand zone (green) ₹1,650 – Next strong support ₹1,570 – Long-term support base (green zone) Simple Explanation Patanjali Foods rebounded from a high-liquidity support area and is now showing signs of bullish recovery. A breakout above ₹1,783 could take it back to the ₹1,900–₹2,000 range. Risk is well-defined below ₹1,698. Watch for volume and price action confirmation near the upper channel. Like, comment your thoughts, and share this post Explore more stock ideas on the right hand side your feedback means a lot to me! Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
NSE:PATANJALILong
by iVishalPal
BTC/USD Bullish Setup: Double Bottom Breakout Targeting $110,000 Trade Setup Analysis 1. Support & Resistance Zones Support Zone (Buy Zone): Highlighted in purple, between $103,764 and $104,633, with a noted stop loss area near $104,061. Resistance/Target Zone (Take Profit Area): Around $109,878 – $110,002 labeled as “EA TARGET POINT”. 2. Double Bottom Pattern (Bullish Signal) There are two orange circles at the bottom, indicating a double bottom pattern—often a bullish reversal signal. This is supported by a neckline break near the entry point at $104,534. 3. Moving Averages Two moving averages are displayed: Likely a short-term MA (red) and a medium/long-term MA (blue). The price crossing above both suggests bullish momentum. 4. Trade Plan Entry Point: Around $104,534 Stop Loss: Below $104,061 Take Profit (Target): $109,878 – $110,002 Risk/Reward Ratio: High, given the tight stop and wide target. 📈 Price Projection The blue arrowed path suggests: A minor dip or consolidation near $104,534, followed by a strong upward move toward the target zone. The movement outlines a classic cup-and-handle or double-bottom breakout pattern. 🧠 Conclusion This is a bullish trading setup for BTC/USD with a favorable risk-reward ratio. The chart suggests: Buying near $104,534 Stop loss just below support Targeting a move to ~$110,000
BITSTAMP:BTCUSDLong
by EA_GOLD_MAN_COPY_TRADE
1
Major trend view for USOILAre we looking at a similar but mirrored bar pattern from 2008 to 2014? Similarities:- 1. Impulse and steep wave. 2. Consolidation in the format of a triangle. On the breakout, we had another fall equivalent to 61.8% of the impulse wave. If we are witnessing the same pattern, then on the breakout of this triangle consolidation, we will have the USOIL prices at $135 in the coming years. It shall be by the end of 2028! PS: This chart is just for analysis purposes. When we know the major trend, we can position our trades carefully.
TVC:USOILLong
by AbsoluteAnalysis
LIC Share Price Analysis – Key Support & Resistance Levels🕒 Timeframe: Daily | Symbol: NSE:LICI LIC stock is currently showing a consolidation pattern after a decent rally from previous lows. Price action suggests that the stock is preparing for a directional move. Traders should keep an eye on the following critical levels: 🔹 Support Zone: ₹807 – ₹830 This range has held strong multiple times, indicating buying interest around this zone. A breakdown below ₹723 could lead to a deeper correction. 🔹 Resistance Zone: ₹866 & ₹1000 LIC has struggled to sustain above ₹826. A breakout with volume above ₹866 may lead to bullish momentum toward ₹1000+. 📌 Trading Viewpoint: ✅ Bullish Bias if price sustains above ₹866 & ₹1000 with volume ⚠️ Bearish Below ₹723 (watch for a breakdown retest) 🛑 Disclaimer: This is for educational purposes only. Not financial advice. Do your own research before investing. #LIC #LICShareAnalysis #LICI #TradingView #StockMarketIndia #SupportAndResistance #NSE #LICBreakout #LICStock #TechnicalAnalysis #SwingTrading
NSE:LICILong
by vipin95379845
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.
NSE:BSELong
by MandeepSinghKohli
5
Mazagon Dock Shipbuilders - Breakout Setup, Move is ON...#MAZDOCK trading above Resistance of 4315 Next Resistance is at 6033 Support is at 2955 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:MAZDOCKLong
by MandeepSinghKohli
Banknifty combining Elliott and wedge theoryBanknifty is repeating the wedge pattern, in confluence with Elliott waves falling exactly at the prices of support and resistance of the wedges. The Elliott wave used here is the in-built indicator of Tradingview. According to this, the 4th wave is finished and the price is projected to break out of the upper line of the wedge for a new high at 56864 as 61.8% As per the current price action, the price is at the support of the 2024 high, 54467.35. If it is breached, it will test the lower line of the wedge, and we will have another early buying opportunity at the support. The RSI is still above 50; therefore, the 2024 high level is proving to be good support. No selling is suggested unless the price is trading above this support level of 54467.35.
NSE:BANKNIFTY
by AbsoluteAnalysis
Nifty updated chart for Bullish view.As shared earlier, price has reached the reversal zone 24627-24930. Above this, Nifty is bullish, with key levels of 25078, 25212, and 25307 as T1, T2, and T3. The range of 25425 to 25645 is another reversal zone as the current range where price has closed will mostly be breached in this Tuesday session of 13th May'2025. Price breaking this range of new reversal zone, will test the 2024 high of 26277.35, which will give us a new ALL TIME HIGH
NSE:NIFTYLong
by AbsoluteAnalysis
Kotak Bank Double TopWith new higher high Kotak bank has finished double top but closed below 2021 high. It means the price still have the chance to make new higher high. On the contrary price below 2163 will activate the sell opportunity for Kotak bank with targets of 2085.60, 2016 and as low as 1942. Next week or today's close above 2202 it will still have bullish points left for another test of new high. RSI still have some space for a new highs. For either sell or buy it is advised to wait for proper breakout of 2163 for a SELL or above 2202 for a buy with 2253 as first target.
NSE:KOTAKBANKShort
by AbsoluteAnalysis
BTC 97800, Red Balloon Area, Buy Above this onlySince 24 hours after breakout of 95700 zone BTC is struggling to get more attraction and halted near 97800 for a time being where weekly chart is showing higher high candles but in daily chart last 24 hours red candle is obstructing the further uprally for time being, some shorts has been built near 97800, and fresh longs only once these liquidity is squeezed else will watch this BTC Ping Pong show, downside 95000 is crucial support bed, any breach of either zone will decide the fate for next week. Happy Trading and Investing ~10x Bulls Courtesy: 10x Bulls (An educational platform for investors and traders to find the best investment decisions, faculty trained by ex-fund managers, such as JP Morgan Chase and Goldman Sachs) Classic Forecast: COINBASE:BTCUSD $15000 to $100000 in 2021 completed in 2024.
DELTAIN:BTCUSD.P
by sonianayyar24
XAUUSD: Descending triangleThat's what happens in the chart patterns in process and why not to trade them. Earlier, was head and shoulders pattern was in the making, but then the right shoulder started ranging, and it converted into a descending triangle pattern. This is also a bearish pattern when the base of the triangle is breached (with a valid close and volume breakout). When breaking down, the targets will be equal to the length of the dip (marked as a down arrow). If it breaks the triangle in the opposite direction, then it will test the high again and will invalidate the entire pattern.
OANDA:XAUUSDShort
by AbsoluteAnalysis
Analysis to catch a divergence rallyObserve the given method to catch this kind of entry (where the arrow is shown). Slight divergence on the weekly chart. This shows a possible uptrend. Check the daily chart for entry strategy. On the daily chart, the early divergence gave the buying signal from where the price started the big rally of almost 25% When divergence was visible in the oscillator, price gave a flat bottom, and that's where we can enter with a stop below that bottom. Also, observe the oscillator slope,it is making higher high and price making lower low and before the rally it gave flat price action.
NSE:ANGELONE
by AbsoluteAnalysis
Nifty this week analysisNifty still ranges between the major resistance zones. It has been trying to breach the zone for three days but has failed. This current attempt is closed with a strong bullish candle, which means next session it is quite possible we can have a breakout and prices to reach the Possible Reversal Zone. On breakout of this zone between 24140 to 24353-55, the possible reversal zone is 24678 to 24365. If the price rejects this resistance, then we will witness a new rally in Nifty prices.
NSE:NIFTY
by AbsoluteAnalysis
1
KRBL LTS- Falling Wedge Breakout | Trend Reversal Signal Ahead?KRBL LTD – Falling Wedge Breakout 💥 | Trend Reversal Signal Ahead? 📅 Published on: April 17, 2025 📈 Technical Analysis: KRBL has shown a bullish breakout from a long-term falling wedge pattern on the daily chart — a classic reversal pattern signalling a potential upward move after prolonged consolidation. The breakout candle is supported by strong volume and a bullish RSI setup. Pattern: Falling Wedge (Bullish) Breakout Price: ₹306.60 Previous Resistance Line: Now acting as support Breakout Volume: 1.45M (above average) 🧭 Key Support & Resistance Levels: Immediate Support: ₹290 Major Support: ₹275 Immediate Resistance: ₹315 Next Resistance Zone: ₹330 – ₹345 Trendline Resistance (Broken): ₹300 (now support) 🔍 Indicators: RSI (Relative Strength Index): Current RSI: 66.39 — bullish, nearing overbought zone, shows strong momentum. RSI Bullish Crossover observed in April, indicating accumulation before breakout. 🧠 Price Action Observations: Price respected the wedge formation since March 2024. A strong bullish candle broke above the upper wedge with conviction. RSI confirms strength, aligning with price action breakout. Volume surge supports the breakout's validity. 📌 Strategy (For Educational Purposes): Entry: ₹305–310 (on retest) Stop Loss: ₹285 (below wedge support) Targets: ₹330 ₹345 ₹360+ 📊 Visual Markings & Icons: White Trendlines: Highlighting falling wedge support and resistance. Bullish RSI Tags: Marking key bullish RSI crossovers. Volume Spikes: Notable on breakout day. Breakout Candle: Large green candle breaching the upper wedge line. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:KRBLLong
by PriceAction_Pulse
Waaree Energies Technical Analysis with Confirm Targets Detailed chart analysis of Waaree Energies Ltd. based on the Daily Time Frame (1D) Chart as of April 23, 2025 Current Price Movement - LTP (Last Traded Price): ₹2,983.00 - Change: +₹367.10 (+14.03%) — A strong bullish candle with a significant gap-up. - Volume: 19.82M — Strong volume confirmation indicating institutional interest. Resistance / Supply Zones 1. Resistance - 1 (Supply Zone) ₹3,186.00 – ₹3,237.15 This is the nearest resistance zone where the stock may face selling pressure. Previous supply has emerged here, and buyers may take profit. 2. Major Resistance / Supply Zone ₹3,646.40 – ₹3,741.45 This zone marks the previous major highs and is a key resistance area. A breakout above this may indicate a strong continuation of the uptrend. Support / Demand Zones 1. Major Support - 1 (Demand Zone) ₹2,455.20 – ₹2,512.70 This is the most recent breakout zone. If the price corrects, this area may act as a strong support level. 2. Support Zone - 2 - ₹2,294.40 – ₹2,323.30 - Acts as the next layer of support if ₹2,455 fails to hold. 3. Major Support - 2 - ₹2,009.40 – ₹2,075.15 - Long-term support zone, previously tested multiple times, can act as a strong demand zone in case of major correction. Price Structure & Volume - The chart shows a **strong bullish breakout** after forming a **higher low**. - Today's price action indicates a **gap-up opening with heavy buying interest**. - Volume confirms the breakout — higher than average volume during the up move suggests strong conviction. Key Technical Takeaways - Trend Reversal Confirmation: After a prolonged downtrend, price has shown a strong bullish reversal. - Bullish Breakout: Price broke through multiple resistances with volume confirmation. - Watch for Retest: In case of pullback, ₹2,455–₹2,512 zone should be watched for buying interest. Targets - First Target: ₹3,186–₹3,237 - Final Resistance Target: ₹3,646–₹3,741 - If the price fails to sustain above ₹2,983 and closes below ₹2,512 in coming sessions, it might signal a false breakout or correction.
NSE:WAAREEENER
by manojshinde27