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Veranda Learning - Weekly ChartNSE:VERANDA (Veranda Learning Solutions Ltd.) – Weekly Chart 📈 Breaking out of a long-term descending trendline with strong volume 💪 ➡️ Breakout Zone: ₹250–₹260 🎯 Targets: ₹280 / ₹305 🛡️ SL: ₹230 (Weekly Close) ⚠️ Disclaimer: This analysis is for educational purposes only and should not be treated as investment advice. Markets involve risks; consult your financial advisor before taking any investment or trading decision.
NSE:VERANDA
by advaitwealthmatrix
BSE_end of a corrective phase in short term or What ???🔍 Technical Analysis: BSE Ltd. (Weekly Chart) Current Price: ₹2,678.30 Weekly Change: +₹199.30 (+8.04%) 📈 Chart Overview The stock has broken out of a falling channel pattern, which typically signals the end of a corrective phase and potential resumption of the prior uptrend. The breakout candle is large and backed by strong momentum, reflecting renewed buying interest. Immediate Support >>> 2,551 – 2,586 >>> Prior resistance now turned support Major Support >>> 2,115 – 2,055 >>> Base of previous consolidation Immediate Resistance >>> 2,800 >>> Psychological and technical zone Major Resistance / Target >>> 3,039 – 3,200 >>> Prior swing high & pattern target 🔸 Pattern & Structure Pattern: Falling Channel Breakout Trend: Reversal from corrective to bullish Momentum: Strong bullish weekly candle post-breakout 🔹 Outlook If the stock sustains above ₹2,550 levels, it may extend towards ₹2,800 and ₹3,040 in the near term. Failure to hold above ₹2,550 could invite short-term profit booking, dragging price back toward ₹2,115 support zone. Bias: Bullish (Short-to-Medium Term) ⚠️ Risk Factors Overextension after sharp rally may lead to consolidation. Broader market correction could limit upside momentum. Watch for false breakout confirmation in the next 1–2 weekly candles. 📊 Summary BiasTimeframeActionBullish3–6 WeeksAccumulate on dips near ₹2,550–2,600; Book partial profits near ₹3,000–3,100 ⚖️ Disclaimer This analysis is for educational and informational purposes only and should not be construed as investment advice or a recommendation to buy/sell any securities. Market investments are subject to risks. Please consult your financial advisor before making any investment decisions.
NSE:BSE
by advaitwealthmatrix
Sona BLW Precision Forgings Ltd. - Weekly chart analysis Trend: Stock is in a long-term downtrend (since late 2024). Recent Action: Strong bullish candle with high volume, challenging/breaking the downtrend line. Key Levels: Resistance: Initial resistance near ₹510-₹520. Support: Immediate support near the trendline (if it holds) and major support around ₹400-₹410. Outlook: A confirmed weekly close above the trendline and ₹520 is bullish (potential reversal). Failure to hold the break and a pullback would confirm the bearish continuation. ⚠️ Disclaimer : This is a technical summary only for educational purpose and is NOT financial advice. Trading involves high risk. Consult a qualified advisor before investing.
NSE:SONACOMS
by advaitwealthmatrix
3
XAUUSD – H1 uptrend channel, short-term downside risk increasingXAUUSD – H1 uptrend channel, short-term downside risk increasing Brian – Prioritize short selling at the channel peak, wait to buy back at lower support I. Strategy Summary Gold is trading in an uptrend channel on H1, but the rise around 4.160 shows signs of weakening, increasing short-term correction risk. Preferred Scenario: Short sell at the channel peak 4.162–4.164, targeting support areas 4.145 – 4.130 – 4.115 – 4.100. After the correction, the 4.100–4.080 area may become the foundation for the next rise in the larger trend. Important price areas to watch: 4.139 – 4.127 – 4.110 – 4.088. II. Macro Context & News 27/11 02:00 – Fed releases Beige Book This document updates the Fed branches' assessment of the US economic situation. Describing slower growth, cooling price pressures will further reinforce expectations that the Fed will soon cut interest rates → supporting gold. Conversely, if the Beige Book describes the economy as still “resilient,” the market may temporarily slow down pricing in rate cuts → causing a short-term adjustment for gold. 19:30 – ECB releases October meeting minutes If the minutes lean towards the scenario of keeping high interest rates longer, the EUR may be supported, indirectly affecting the USD and gold inflows. However, the impact is usually not as strong as US data, mainly affecting the overall risk-on/risk-off sentiment. General Context: Gold has surpassed 4.160 USD/oz as the market increasingly expects the Fed to cut interest rates as early as December, reducing the appeal of interest-bearing assets and increasing the allure of gold – a non-yielding asset. This creates a support foundation for the medium-term uptrend, but after a hot rise, technical adjustments on H1 are normal. III. Technical Structure – H1 uptrend channel The price is within the H1 uptrend channel, with rising peaks and troughs, but the upper area near 4.160 coincides with: The upper boundary of the price channel. The “Sell POC” area on the chart – where liquidity and sell orders are concentrated. Preferred scenario on the chart: The price may slightly rebound to the POC area 4.162–4.164, then be rejected and slide to the important support area around 4.110 before extending the adjustment down to 4.100–4.080. The lower trendline of the uptrend channel also acts as a short-term buy area if a clear candle reaction appears. Notable price areas on H1: Resistance: 4.162–4.164 (channel peak + POC). Intermediate support: 4.139 – 4.127 – 4.110. Deep support: 4.088 – 4.080 – 4.100 (area that may form the bottom for the next rise). IV. Trading Plan 1. Preferred Scenario – Short sell at the channel peak Idea: Short sell when the price rebounds to the upper boundary of the H1 uptrend channel and POC 4.162–4.164, expecting a correction to support. Sell: 4.162–4.164 SL: 4.168 TP targets: TP1: 4.145 TP2: 4.130 TP3: 4.115 TP4: 4.100 This is a counter-move order in the uptrend channel, only targeting a short-term correction, not a major trend reversal scenario. 2. Supplementary Scenario – Short buy at support trendline Idea: When the price hits the lower trendline of the H1 uptrend channel and a nice candle reaction appears, consider a short-term buy according to the channel, prioritizing areas: 4.139 – 4.127 – 4.110 – 4.088 Specific Entry/SL levels will depend on the actual price reaction at the trendline, but the general principle: Buy close to the trendline, SL placed below the immediate support area, TP aimed at the middle of the channel or the nearest resistance. V. Risk Management & Notes Do not open new positions right before or at the time of the Beige Book and ECB minutes release, as volatility may suddenly increase, widening spreads. The sell order at 4.162–4.164 is a short-term counter-trend order in the uptrend channel, requiring moderate volume and strict adherence to SL 4.168. If the price clearly breaks and holds above the 4.170 area, the H1 correction scenario weakens – in that case, stay out, wait for a new structure instead of trying to maintain a sell view.
OANDA:XAUUSDShort
by BrianLionCapital
Samvardhana Motherson on Weekly TF1️⃣ Structure Overview The stock has been in a downtrend since mid-2024: Lower highs Lower lows A descending trend line acting as dynamic resistance (shown in red) Now, we observe the first clean breakout attempt above this trend line. 🔥 2️⃣ Multiple Confluences Point to Bullish Reversal ✔ Breakout above descending trend line Price has closed above the long-term declining trend line, which is the earliest sign of trend reversal. ✔ Horizontal resistance zone cleared The ₹110 – ₹112 supply/resistance zone has been taken out. This was tested multiple times → forming a major breakout area. ✔ Strong weekly candle The breakout candle is: Wide-range & Closed near the high Shows clear buying pressure (institutional action likely) This increases breakout reliability. 🧩 3️⃣ Key Levels Immediate Support Zone (Now Strong Support): ₹108 – ₹112 (Previous resistance → acting as support) Next Resistance Levels (Upside Targets): ₹122 – ₹124 (first resistance) ₹132 – ₹135 (swing high zone – major supply) ₹147 – ₹150 (major trend target) 🟢 4️⃣ Trend Reversal Confirmation Checklist Condition Status Trendline breakout > ✔ Confirmed Horizontal resistance breakout > ✔ Confirmed Higher low formation > ✔ Visible This is a textbook trend reversal setup on weekly time frame. 📉 5️⃣ Risk Management If one were to trade (not a recommendation): Entry Zone: ₹112–115 (breakout retest zone) Stop-loss: Below ₹98 (structural invalidation) Target 1: ₹132 Target 2: ₹148–150 🥇6️⃣ Professional Summary Bias: STRONGLY BULLISH (above ₹108–112 zone) Weekly trend line & horizontal resistance breakout Buyers taking control after multi-month weakness First strong higher-time-frame structure shift since mid-2024 Targets open up toward ₹122 → ₹132 → ₹150 A sustained weekly close above ₹115–118 strengthens the breakout even more. Disclaimer : This content is strictly for educational and informational purposes. Nothing shared here should be considered investment, financial, or trading advice. Markets involve risks. I am not a SEBI-registered financial advisor or research analyst. Viewers and readers must do their own research or consult a certified professional before acting on any information. Any gains or losses arising from market decisions will be solely your responsibility.
NSE:MOTHERSON
by advaitwealthmatrix
Candle Patterns Practical Trading Tips Using Candle Patterns Trade only with trend confirmation. A reversal pattern against a strong trend may fail. Look for patterns at key levels. Support, resistance, supply-demand zones enhance accuracy. Use stop-loss placement wisely. For example, below the wick of a Hammer or above the wick of a Shooting Star. Avoid trading every pattern blindly. Candle patterns tell probabilities, not certainties. Wait for candle close. Incomplete candles may give false signals. Use volume and structure to confirm. Patterns with volume are more reliable.
NSE:TATAPOWEREducation
by TechnicalExpress
Premium Chart Patterns Chart patterns provide clues about what buyers and sellers are doing: Buyers create demand, pushing prices higher. Sellers create supply, pushing prices lower. When these forces interact, certain shapes form on the price chart. These shapes—like triangles, flags, head and shoulders, double tops—help traders forecast the next big move. Patterns can be classified into two major types: Reversal Patterns – indicate a possible change in trend. Continuation Patterns – indicate the existing trend is likely to continue. Understanding both helps traders catch major market moves with good accuracy.
Education
by TechnicalExpress
Two Zones Strategy – Nested Zone Breakout (Telugu Explanation)🟦 Two Zones Strategy – Nested Zone Breakout (Telugu Explanation) 🧠 Concept (Main Idea) ఈ strategy లో రెండు consecutive zones ఏర్పడతాయి. ఆ రెండు zones ఇలా ఉండాలి: 1st Zone High ≤ 2nd Zone High 1st Zone Low ≥ 2nd Zone Low ఈ structure ని Nested Zone / Contraction Zone అంటారు. 🔍 ఇది ఏమి సూచిస్తుంది? Price slowగా compress అవుతుంది Market లో accumulation జరుగుతున్న సూచన Levels tighten అవుతున్నప్పుడు strong breakout వచ్చే అవకాశం చాలా ఎక్కువ ఈ pattern ప్రధానంగా momentum breakouts కోసం అత్యంత effective గా పని చేస్తుంది. 🟩 Entry Rule Entry చాలా simple & clean: ఏ candle అయినా 2nd Zone High పై close అయితే → అది breakout confirmation ఆ candle close = Entry Price అంటే wick కాదు, clean close కావాలి. 🟥 Exit Rule 🎯 Target Calculation Use 1 : 2 Reward Ratio 2nd Zone size = (2nd Zone High – 2nd Zone Low) Target = Zone size × 2 (from Entry Price) Example: Zone size = 1 point → Target = 2 points above Entry 🛑 Stop Loss (Optional) SL = 2nd Zone Low లేదా మీకు risk appetite ఉండి ఉంటే manual trailing కూడా పెట్టుకోవచ్చు ⭐ Strategy Highlights ✔️ Price contraction → Big move potential ✔️ Entry confirmation very clear (Close above Zone High) ✔️ Smaller SL → Higher Reward setups ✔️ Works best in stocks with momentum ✔️ Beginner-friendly breakout method ✔️ Clean RR planning before entry 📌 Suitable For Swing Traders Positional Traders Breakout Traders Weekly / Daily timeframe followers 📈 Timeframes Recommended 1W (Best) Avoid using on 5m/15m in volatile stocks
NSE:AXISBANKLong
by AMBSTOCKS
“Supply–Demand Reversal Setup”Analysis Price ne recent swing ke baad ek clear Supply/Demand zone create kiya hai. Zone ke andar strong rejection candles / wick rejections dekhne ko mil rahe hain, jo buyers/sellers ki active presence confirm karte hain. Trend direction: (Uptrend / Downtrend – apni chart ke hisaab se likh dena) Structure: Higher High – Higher Low / Lower High – Lower Low Zone type: Fresh + Untested / Multiple Reactions Setup Logic Price zone mein enter hote hi momentum slow ho gaya. Candlestick confirmation mila: Bullish engulfing / Hammer / Rejection wick Volume drop on pullback + volume rise on reversal → strong reversal indication. Trendline / EMA support (optional): Confluence added Entry Plan Entry: Zone ke andar confirmation candle close ke baad. Stop Loss (SL): Zone ke thoda neeche/uper (structure based SL). Target 1 (T1): Previous swing high/low. Target 2 (T2): Next major liquidity zone. Risk Management R:R minimum 1:2 to 1:3 maintain. Trade tabhi execute karunga jab zone respected ho aur confirmation mile. Conclusion Market abhi (bullish/bearish) tone maintain kar raha hai. Agar price zone ko respect karta hai, to strong move ki probability high hai. Break of zone = setup invalid.
by TheBottomHunter
Reliance - Multi time frame analysis...We are going to see the daily and weekly charts. It's beautiful to see how the patterns are aligning. The daily chart shows, the price has formed a rounding bottom, and right now it is testing the rounding bottom resistance/high. The weekly chart shows, the price is nearing the cup and handle pattern resistance, which is around the zone 1600. Support is at 1350. Any dip can be used as a buying opportunity as long as the price is above 1350. As per the daily chart, we can enter above 1520 with the stop loss of 1470 for the targets 1560, 1590, 1615, 1640, 1676 and 1712. If the price has enough bullish strength, it can test the 1800 and then the 2000 zone. Always do your analysis before taking any trade.
NSE:RELIANCELong
by vanathi
XAUUSD BUY OR SELL TODAY?1. Main Market Context for Today Jobless claims came in better than expected → USD strengthens, but gold did not drop — it continued to move sideways → the market is in accumulation and waiting for a breakout. Today’s priority strategy is range trading: Lower range: 4130–4135 Upper range: 4170–4175 Once price breaks clearly out of either range → switch to trend-following (pursuit) trading. 2. Range-Trading Plan (Primary Strategy for Today) (A) Buy at the Lower Range – 413X Zone Buy area: 4130–4135 SL: 100 pips TP: 100 pips Reason: This is the main demand zone and aligns with the ascending trendline shown on your chart. ➡️ Strategy: Wait for price to “sweep” the lows → show confirmation → then take a quick BUY trade. (B) Sell at the Upper Range – 417X Zone Sell area: 4170–4175 Reason: Strong supply zone with repeated reactions. ➡️ Strategy: Wait for a rejection candle (pin bar / bearish engulfing) → then SELL. 3. Current Reaction Zone – 414X This is the zone price is currently testing. Do not enter immediately; just observe: If price bounces strongly from 414X → target is to retest 417X If 414X breaks → price will likely retest 413X → better BUY entries there. 4. Deeper BUY Zones (If Price Breaks Downward) Here are the levels you mentioned, organized clearly: BUY Zone 4110–4108 4102–4100 4096–4094 → These are deeper liquidity zones below the main range, activated only if gold breaks below 413X. 5. SELL Zones if Price Breaks Upward (Above 417X) SELL Zone 4202–4200 4194–4190 4183–4180 → These are upper supply retest zones, activated only after price breaks above 417X. 🟨 6. Main Scenarios for Today Scenario 1 – Expected Sideway (Highest Probability) Price moves within 413X – 417X, bouncing between the range limits. → Trade the range (scalp/intraday). Scenario 2 – Break Below Range If 4130 breaks → price will head to 4110 → 4100 → 4094 → BUY at deeper zones. Scenario 3 – Break Above Range If 4175 breaks → price will aim for 4183 → 4194 → 4200–4202 → SELL at higher zones. ✅ One-Line Trading Summary Trade primarily within the 413X–417X range (buy low – sell high). If the range breaks, switch to trend-following using the deeper BUY zones or higher SELL zones provided above.
OANDA:XAUUSD
by Chum_trades
NIFTY KEY LEVELS FOR 27.11.2025NIFTY KEY LEVELS FOR 27.11.2025 Timeframe: 3 Minutes If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend. When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance. If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways please like and share my idea if you find it helpful 📢 Disclaimer I am not a SEBI-registered financial adviser. The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. Please consult with your SEBI-registered financial advisor before making any trading or investment decisions. Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
NSE:NIFTY
by AATHIE
Nifty 50 Price Structure Analysis [27/11/2025: Thursday]Nifty 50 Price Structure Analysis for 27th November 2025. The day is Thursday. (1) Monthly Timeframe: Strong green candle. Major support is at level 26000. The view is bullish. (2) Weekly Timeframe: Green paper umbrella candle. But there is no sign of weakness or trend reversal. A very strong buying force is available from level 25850. Major support zone is in the zone - 26050 - 26000. The view is bullish. (3) Daily Timeframe: Perfect bullish marubozu. The candle engulfed the 4-day candle body. Very strong support in the zone 26100 - 26000. No bearish trade till the zone is breached. The view is bullish. (4) 30-Minute Timeframe: Strong bullish trend. Any down move should be doubted; rather, it will be an opportunity to go long. Strong support is in the zone 26100 - 26000. No bearish trade. The view is bullish. Bullish Set-Up: (i) Price sustains above the opening price. (ii) Price stays above the level 26100. Bearish Set-Up: (i) Price sustains below the opening price. (ii) Price breaches the zone of 26100 - 26000 and sustains below it. Expectation: There is a higher probability of bullish continuation. Take no bearish trade. Event: SENSEX monthly expiry. No other major trend. NOTE: "Mark your points. Trade your points. Price is God. Anything can happen. Trade what you see, not what you believe." Happy Trading!
NSE:NIFTYLong
by deep_bhattacharjee_db
Downtrendline Breakout Explained: Gravita India Limited case📊 Downtrendline Breakout Explained: Gravita India Limited Case Study Gravita India Limited, currently trading near ₹1851 on the daily chart, offers a practical example of how technical analysis concepts like downtrendlines, breakouts, and risk management play out in real markets. Let’s break down the scenario step by step. 🔻 Understanding the Downtrendline & Its Resistance A downtrendline is drawn by connecting successive lower highs during a declining phase. It acts as a resistance line, where sellers consistently overpower buyers whenever price attempts to rally. Since September 2024, Gravita India Limited has faced repeated rejections at this line, confirming the strength of the downtrend. Each rejection reinforced bearish sentiment, discouraging long positions until a decisive breakout occurred. ⏳ Long Consolidation Before Breakout After months of struggling under the downtrendline, the stock entered a consolidation phase. Consolidation represents a period of accumulation, where buyers quietly absorb supply from sellers. The longer the consolidation, the stronger the eventual breakout tends to be, as pent-up demand is released. Gravita’s breakout above the downtrendline after this extended base-building adds credibility to the move. 🌐 Breakout Alignment with Broader Trend While the short-term trend was down, the broader trend remained upward. Breakouts that align with the primary trend are considered high-probability setups. Gravita’s breakout is not a counter-trend rally but a resumption of the larger uptrend, making it more reliable for swing and positional traders. ⚖️ Risk Management & Stop Loss Strategy No breakout strategy is complete without risk control. Traders typically manage risk as follows: Stop Loss Placement Place stops just below the breakout level or the most recent swing low. For Gravita, this could mean a stop near the downtrendline or consolidation base. Risk-Reward Ratio Aim for at least a 2:1 or 3:1 reward-to-risk ratio. Avoid chasing the breakout if price has already surged far; wait for a retest of the breakout zone. False Breakout Awareness Not every breakout sustains. A quick reversal below the line is a warning sign. Volume confirmation (higher-than-average trading activity) adds conviction to the breakout. 💡 Opportunity in Gravita India Limited The breakout signals a shift from downtrend to uptrend, opening opportunities for traders and investors. With the broader trend already bullish, this breakout could mark the beginning of a fresh rally. Traders may look for short-term momentum trades, while investors can view this as a continuation of the long-term growth story. Patience and disciplined risk management remain key to capitalizing on such setups. 📝 Key Takeaways Downtrendlines act as strong resistance during bearish phases. A breakout after long consolidation signals a powerful trend reversal. When aligned with the broader uptrend, breakouts carry higher reliability. Stop losses and risk management protect against false signals. Gravita India Limited’s breakout offers a textbook opportunity for traders to study and apply these principles.
NSE:GRAVITALong
by NANARKAR
#NIFTY Intraday Support and Resistance Levels - 27/11/2025Nifty is expected to open with a gap-up today, signalling strong bullish sentiment as price approaches the crucial resistance zone near 26250. If the index sustains above 26250 after the opening, the long setup becomes active with upside targets of 26350, 26400, and 26450+. A strong breakout above this level can extend the move further toward higher zones. On the downside, a reversal short opportunity will emerge only if Nifty rejects the 26250–26200 zone, activating downside targets at 26150, 26050, and 26000-. Additionally, a long setup remains valid above the 26000–26050 zone with targets of 26150, 26200, and 26250+. With a gap-up opening, the early trend stays bullish, but sustaining above the breakout level is essential for continuation toward higher targets.
NSE:NIFTY
by TradZoo
1
[INTRADAY] #BANKNIFTY PE & CE Levels(27/11/2025)Bank Nifty is expected to open with a gap-up today, and if the index sustains above the key breakout zone near 59500, bullish momentum may continue through the session. A stable move above 59550 will activate the buying setup with upside targets of 59750, 59850, and 59950+. If the breakout holds strongly, Bank Nifty can attempt to move toward the psychological 60000 zone as well. On the downside, any weakness or reversal will be confirmed only if the index slips below the 59450–59400 zone, where the selling reversal setup becomes active with targets at 59250, 59150, and 59050-. With a gap-up opening expected above 59500, the market bias remains positive, and sustaining above the breakout zone will be crucial for continuation toward higher levels.
NSE:BANKNIFTY
by TradZoo
High-Probability Elliott Wave Setup on TVSELECTTVS ELECTRONICS – Wave C Completion Zone Hit | Wave 5 Rally Setup Loading? 🧠 Market Structure & Wave Breakdown TVS Electronics is forming a textbook Elliott Wave structure. After a powerful impulsive Wave 1, the price has completed a clean A–B–C corrective phase, and is now sitting inside the crucial Wave C completion zone (₹541–₹522) 🔥. This zone aligns with: 50–78% retracement of Wave A (typical Wave B/2 retracement) Demand + structure support from previous consolidation Market psychology reset after an overextended Wave B This is where the early reversal of Wave 5 typically begins 📈. 📚 Educational Insights 🔄 ChoCH – Change of Character: The earlier breakout confirmed a structural shift, marking the start of the new Elliott Wave cycle. When ChoCH appears again near lows, it often signals the end of corrections. 📉 A–B–C Corrections Explained: Price forms Wave A (sharp drop) → Wave B (retracement) → Wave C (final flush). Wave C often completes at deeper zones like the 113–128% extension, which aligns with this chart. 🌀 Wave C Completion Zone (541–522): This zone marks exhaustion of sellers and transition to accumulation, especially when aligned with fibs AND structural support. 🚀 Wave 5 Expectations: Wave 5 is usually driven by renewed momentum, volume expansion, and trend continuation. Targets come from fib extensions of Wave 4. 🎯 Prediction & Targets If the price reverses from the ₹541–₹522 support and breaks structure upward: 🎯 First Target (Wave 5 Mid-Zone): ₹763 – ₹793 🎯 Second Target (Wave 5 Completion): ₹891 A break above ₹605.95 (previous micro-structure high) will confirm the bullish wave activation. 🛑 Stop Loss (Closing Basis): Below ₹504 This level invalidates the Wave 4 / Wave C completion structure. 💡 Trading Strategy (Educational Purpose Only) 🟢 Entry Zone: ₹541–₹522 Look for bullish reversal patterns → Hammer, Engulfing, Double Bottom, or ChoCH. 📈 Confirmation Entry: Break above ₹605.95 + retest → safer Wave 5 trend-following entry. 🎯 Profit Booking: • Partial at ₹763–₹793 • Final around ₹891 ⚖️ Risk Management: • Use SL below ₹504 (daily close). • Risk max 1–2% of capital. • Don’t chase candles — wait for clean structure break. 🧩 Summary & Outlook TVS Electronics has now entered the Wave C completion zone, a high-probability demand and reversal area. If buyers step in here and structure flips bullish, a Wave 5 rally toward ₹763 → ₹891 could unfold. This setup aligns perfectly with Elliott Wave principles, Fibonacci confluence, and structural demand. ⚡ ⚠️ Disclaimer I am not a SEBI-registered analyst. This analysis is for educational purposes only — not financial advice.
NSE:TVSELECTLong
by LiveTradingBox