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Perfect example of Breakout Failure @Fivestar Stock: Five-star Stock given the Breakout with good volume after one and a half years. Nicely closed on breakout day and bullish close. Next-day entry triggered and consolidated for a few days. And look how it has broken the low of the breakout candle and not given a chance for the exit, and it's how breakout fails fast and furious So keeping SL and getting out of a trade is important. Always manage your risk# Follow your rules # Be discipline For learning purposes
NSE:FIVESTAR
by hemantonline0017
Dhanlaxmi Bank cmp 38.05 by Monthly Chart view since listedDhanlaxmi Bank cmp 38.05 by Monthly Chart view since listed - Price Band 30 to 34 Support Zone - Price Band 46 to 51 Resistance Zone - Falling Resistance Trendline Breakout done and seems sustained - Weekly basis Support at 27 > 17 > ATL 7.15 with the Resistance at 49 > 59 > 69 - Stock Price has has been testing and retesting the Support Zone few times, taking a reversal upside from lower band at 30 price level - The Resistance Zone needs be crossed by incremental Volumes and then needs to sustained for few days to create a fresh upside breakout momentum - Multiple Bullish Rounding Bottoms are completed been intermingled within each other having Resistance Zone as the common neckline for all Rounding Bottoms
NSE:DHANBANK
by PIYUSHCHAVDA
HUDCO:Reversal in Motion –Average Crossover & Strong Fundamental"HUDCO: Reversal in Motion – Moving Average Crossover & Strong Fundamentals" Stock: Housing & Urban Development Corporation Ltd. (HUDCO) Analysis: HUDCO is showing clear signs of a reversal after a period of correction. The stock is at a critical juncture with a moving average crossover, signaling the possibility of further upside. Backed by excellent financials and increasing institutional interest, the stock looks poised for a strong rally. Key Highlights: Promoter Holding: Stable at 75.00% (Sep 2024 quarter). Institutional Confidence: FII/FPI Investors: Increased from 128 to 145. Mutual Fund Schemes: Increased from 18 to 20, signaling growing trust. Financials: Revenue: ₹2,526 Cr, a solid 34.3% YoY growth. Net Profit: ₹689 Cr, an impressive 52.5% YoY growth. Technical Setup: Reversal Pattern: The stock has started recovering after a significant correction. Moving Average Crossover: A bullish signal that may trigger further buying momentum. Trade Plan: Entry: Near CMP or after sustained confirmation of the crossover. Targets: ₹285 (short-term), ₹344 (mid-term). Stop Loss: Below ₹190 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:HUDCOLong
by ImranulHaqueNoor
Nifty Bank index chart analysis This chart appears to show the Nifty Bank index with multiple technical indicators and patterns applied. Below is a detailed analysis of the chart: ________________________________________ Chart Features: 1. Candlestick Chart (Heikin Ashi): • The candles represent smoothed trends, showing less noise compared to regular candlesticks. • Bullish candles: Green, indicating upward momentum. • Bearish candles: Red, indicating downward momentum. • A potential double-top pattern is visible, with two resistance zones labeled "Top 1" and "Top 2." These often indicate a reversal from bullish to bearish. 2. Indicators Used: • ATR Trailing Stops: o Green arrows (support) suggest bullish trend continuation. o Red arrows (resistance) indicate bearish trend zones. • Support and Resistance Lines: o The blue horizontal line at 53,160.65 acts as a support level. o The purple resistance level near 53,888.30 marks the price zone where the price faced rejection. • Volume: o Green and red histogram bars represent buying and selling pressure, respectively. o The volume is declining during the recent candles, indicating weak momentum. • MACD: o Two bearish divergences are marked, indicating a weakening bullish trend. o The MACD line and signal line are declining, with the histogram turning negative, showing bearish momentum. • RSI: o The RSI is below 40, confirming bearish strength. o Red dashed lines (overbought) and blue dashed lines (oversold) act as thresholds. ________________________________________ Observations: 1. Price Action: • The chart shows a potential double-top pattern near 53,888.30, a strong resistance level. This is a bearish reversal pattern. • The price has failed to break above this resistance level and is trending downward towards the support level at 53,160.65. 2. Volume: • Volume is gradually reducing, suggesting reduced participation, which often leads to weaker trends or consolidations. 3. Bearish Divergence: • MACD shows two instances of bearish divergence, signaling to weaken bullish momentum despite price making higher highs (visible at the double top). • These divergences align with the price's inability to sustain above the resistance zone. 4. Indicators Confirm Bearish Momentum: • RSI is declining, showing a bearish trend. • MACD histogram bars are negative, reinforcing the downtrend. ________________________________________ Key Levels to Watch: Resistance Levels: • 53,888.30: A break above this level with strong volume could invalidate the bearish outlook and lead to further bullish movement. Support Levels: • 53,160.65: If the price breaks this level, expect further downside with the next possible support around 51,796.70. ________________________________________ Strategy Suggestions: For Bulls: • Wait for a breakout above 53,888.30 with strong volume before entering long positions. • Avoid entering positions near resistance. For Bears: • Look for shorting opportunities if the price fails to break resistance or breaks below 53,160.65 with increased volume. • Use a stop-loss just above 53,888.30 to manage risk. Double-Top Confirmation: • If the price breaks below the neckline of the double-top pattern (near 53,160.65), it could trigger a significant bearish move. ________________________________________
NSE:BANKNIFTY
by ramumaurya
Nifty 50 index chart analysis This chart shows the Nifty 50 index with various technical indicators applied. Let me analyze it based on the visible elements: ----------------------------------------------------------------------------------------------------------------- ### Chart Features: 1. **Candlestick Chart (Heikin Ashi)**: - The main price movement is represented by Heikin Ashi candles, which smooth out trends and help identify clear bullish or bearish trends. - Green candles represent bullish momentum, while red ones signify bearish momentum. - The chart shows periods of consolidation and small trend movements, with some price rejections near support and resistance levels. ----------------------------------------------------------------------------------------------------------------- 2. **Indicators Used**: - **ATR Trailing Stops**: This is likely used as a dynamic stop-loss mechanism. - Green markers suggest bullish conditions (support level). - Red markers suggest bearish conditions (resistance level). - **Support and Resistance Lines**: The blue horizontal lines at **24,295.55** (support) and purple resistance zones at **24,742.45** are critical levels to watch for breakouts or reversals. - **VolSpike**: Volume spikes help identify sudden large trades or volatility events. The volume histogram shows steady activity with no large spikes at the moment. - **MACD (Moving Average Convergence Divergence)**: Shows bearish divergence at one point (red label), indicating a potential reversal or weakening trend. - Histogram bars are below the zero line, showing bearish momentum. - Signal and MACD lines are declining. - **RSI (Relative Strength Index)**: RSI appears below **40** and is declining, indicating bearish momentum. - Blue dashed lines represent oversold levels, while red dashed lines are overbought levels. ----------------------------------------------------------------------------------------------------------------- ### Observations: 1. **Price Action**: - The index recently tested the resistance zone near **24,742.45** but faced rejection (evident from the long upper wicks). - The overall trend seems bearish, with lower highs and lower lows forming over the last few sessions. 2. **Volume**: - Volume is relatively low, indicating reduced participation during this period, which might suggest a lack of strong momentum. 3. **MACD and RSI**: - Both indicators align with a bearish outlook: - MACD shows a bearish crossover and momentum decreasing below the zero line. - RSI is in the bearish zone, moving away from the oversold level, showing no immediate reversal signs. 4. **Divergence**: - Bearish divergence in MACD signals caution for bullish traders as it suggests underlying weakness despite short-term bullish attempts. ----------------------------------------------------------------------------------------------------------------- ### Key Levels to Watch: 1. **Support**: **24,295.55** If the price breaks this level, a significant downward move is possible. 2. **Resistance**: **24,742.45** A breakout above this could indicate bullish strength. ----------------------------------------------------------------------------------------------------------------- ### Strategy Suggestions: - **For Bulls**: - Wait for a breakout above **24,742.45** with increased volume for confirmation of a bullish reversal. - **For Bears**: - Consider shorting near resistance with a stop-loss above **24,742.45**, targeting **24,295.55** or lower.
NSE:NIFTY
by ramumaurya
SHORT TERM TRADING IDEAThis chart represents the technical analysis of TATA MOTORS LTD on a 4-hour timeframe using Heikin Ashi candles. Here's a detailed breakdown of the chart's components: ________________________________________ 1. Chart Overview: • Timeframe: 4-hour (H4). • Indicators: o ATR Trailing Stops (red and green lines marking trends). o Volume Histogram (to track buying/selling activity). o MACD (Moving Average Convergence Divergence). o RSI (Relative Strength Index). • Highlighted Patterns: o Rising Wedge: A potential bearish pattern. o Bullish Divergence: Suggests a possible trend reversal upward. ________________________________________ 2. Key Chart Observations: Rising Wedge: • The rising wedge pattern indicates an upward price movement within narrowing trend lines. • This pattern is typically a bearish signal, suggesting that the price may break downward after completion. • The chart shows the upper boundary (~₹818.10) and lower support (~₹786.54) for the wedge. ________________________________________ Volume: • Volume Spike: The recent rise in price is accompanied by increased volume, indicating stronger participation from buyers. ________________________________________ MACD Indicator: • MACD Line (Blue) > Signal Line (Red): Indicates bullish momentum. • Positive Histogram Bars: Reinforce the upward movement. ________________________________________ RSI (Relative Strength Index): • Current RSI (~56.46): Mid-range, signaling neutral momentum. There’s room for the price to rise further before approaching overbought territory (>70). • Bullish Divergence: As highlighted earlier, the price formed lower lows while RSI formed higher lows. This divergence signaled the recent reversal to the upside. ________________________________________ 3. Key Levels: • Support Levels: o Strong support at ₹759.20 (highlighted as "Low"). o Secondary support at ₹786.54 (wedge lower boundary). • Resistance Levels: o Near ₹818.10 (wedge upper boundary). o Higher resistance around ₹948.45 ("High") if the breakout sustains. ________________________________________ 4. Conclusion: • Current Trend: Bullish within the rising wedge. • Short-Term Risks: Rising wedge patterns often lead to a bearish breakout, so watch for a breakdown below ₹786.54. • Upside Potential: If the stock sustains above ₹818.10, the next target could be ₹948.45. • Recommendation: Monitor the RSI and volume closely. A decisive breakout above ₹818.10 with high volume could confirm further upside, while a breakdown below ₹786.54 might trigger a downtrend.
NSE:TATAMOTORSLong
by ramumaurya
SHORT TERM TRADING IDEAThis chart shows a technical analysis of the stock SJVN Limited, with indicators and chart patterns applied. Here's a detailed breakdown: ________________________________________ 1. Chart Overview: • Timeframe: Daily (1D) using Heikin Ashi candles. • Indicators: o ATR Trailing Stops (red and green lines tracking price trend). o Volume Histogram. o MACD (Moving Average Convergence Divergence). o RSI (Relative Strength Index). • Highlighted Patterns: o Falling Wedge: A bullish reversal pattern. o Bullish Divergence: Indicates potential upward price movement. ________________________________________ 2. Key Chart Components: Falling Wedge Pattern: • The falling wedge highlighted on the chart suggests a period of consolidation with lower highs and lower lows. • The pattern is complete as the stock price breaks upward from the wedge. • Target: The breakout indicates a bullish price objective toward ₹159.65, as marked on the chart. ________________________________________ Volume: • Volume Increase: A noticeable rise in volume accompanies the breakout, confirming stronger buying interest. ________________________________________ MACD Indicator: • Blue Line (MACD Line) crossing above Red Line (Signal Line): Indicates bullish momentum. • Histogram Bars Turning Green: Supports a positive trend as MACD gains strength. ________________________________________ RSI (Relative Strength Index): • Current RSI (~66.94): Approaching the overbought region (70). This signals strength in the upward momentum but requires caution if it exceeds overbought levels. • Bullish Divergence: Seen earlier (price formed lower lows while RSI formed higher lows), indicating a likely trend reversal to the upside. ________________________________________ 3. Price Levels: • Support: Around ₹101.70 (marked as "Low"). • Resistance: Around ₹159.65 ("Target"), with interim resistance near ₹120.61. ________________________________________ 4. Conclusion: • The chart shows a bullish breakout from the falling wedge, with strong confirmation from volume, MACD, and RSI. • Target price is ₹159.65, but caution is advised as RSI approaches overbought conditions. Monitor for corrections if resistance levels are reached or exceeded.
NSE:SJVNLong
by ramumaurya
Time Technoplast offers good RR. Good Swing candidate.✅Stock is in Uptrend. ✅HH_HL structure intact. ✅Trading in a channel and not violating the channel yet. ✅Right at DMA and close to the bottom of the channel. ✅Offering good Risk to reward. ✅Dry volume when pulling back. ✅Bouncing from 50 DMA each time the stock retrace and close below 50 DMA. ❗️Bearish sentiments in the market. ❗️Risk of breaking down from the channel. One can try going long from CMP or wait for the stock to reach the channel bottom and show signs of reversal. Enter only if it shows signs of reversal from the channel bottom. The risk is around 7% if you get an entry from the channel bottom. This setup offers good Risk to reward. In any case, respect your SL. Remember we are in a down-trending market. No big bets yet. Trade lite. The chart shared is only for educational purposes. Please do your due diligence before trading. ▶️Market Cap---₹ 9,238 Cr. ▶️Current Price---₹ 407 ▶️Stock P/E---27.7 ▶️ROCE---15.6 % ▶️ROE---12.5 %
NSE:TIMETECHNOLong
by sagartharayil
IT Bees looks good for a positional medium-term play.#tradeideas #ITbees. Looks good for a positional medium-term play. -Nifty IT along with BN is supporting Nifty. -IT sector shows resilience in this market fall. - Positivity in US market (NASDAQ) - Easy to get in and out. Good liquidity. What could go wrong? - Overall bearish sentiments in our market. If NIFTY were to fall further, IT would follow suit. - Dependent on NASDAQ move, so pay close attention to US markets. Overall this is a low-risk setup. Risk is only 6.5-7%. Build positions sensibly. Risk management is key. Do not put all your money at once. And respect the SL. Building this position early because if we were to get a reversal soon then the rewards will be good. If the reversal is not sustained then our risk is still less. This is just a view and chart shared for educational purposes only.
NSE:ITBEESLong
by sagartharayil
UNITDSPR - United Spirits - 4th wave In Progress?CMP: 1516 TF: Daily and 75 Minutes from the Swing low of 712, it appears that the script has completed 3 waves so far and 4th in play. On Shorter TF, it looks like A and B are done.. C is in progress. If this plays out, the fall will be quick and strong.. on watchlist for the next couple of weeks (Dec 9 to 25) There is also a case for Inv H&S formation.. Something the people with Bullish view can keep an eye on.. For my short bias, the SL is 1561 I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:UNITDSPRShort
by Murthy_Santhosh
VEDL - Will the breakout sustain this time?On Weekly, script has successfully closed above the ATH zone 495 (2010) Price tried to break this zone twice in the recent months, but didn't sustain.. Usually that is the case with ATH breakouts or any breakout for that matter. It is not the first breakout that matters.. Most of than not, the second/third attempts are stronger. If we manage to close above 500 next week as well, we can target 600 and 650 in the coming weeks (ideally it should come quick) Looking at the daily chart, it appears that the script wants to do 520-550 in a hurry.. Let's track next week.. On Daily Chart - Pattern breakout target is 650 I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:VEDL
by Murthy_Santhosh
Will APEUSDT's Cup and Handle Propel It to New Heights?Yello Paradisers! Are you prepared to capitalize on the next big move in APEUSDT? Let’s break down the current setup and what it could mean for traders. 💎APEUSDT has recently taken the liquidity from the Fair Value Gap (FVG) and is now forming a textbook Cup & Handle pattern on a key support zone. This development significantly increases the probability of a bullish breakout. 💎If APEUSDT breaks out and closes a candle above the resistance zone, this will validate the Cup & Handle pattern, further increasing the chances of a strong bullish move. 💎A bounce from the support zone is likely. To strengthen our conviction, we recommend watching for a bullish Internal Change of Character (I-CHoCH) on lower timeframes. This would stack probabilities in our favor. 💎If the price breaks down and closes a candle below the support zone, this will invalidate our bullish thesis. In that scenario, patience is key—wait for clearer price action to form before making your next move. 🎖Remember, Paradisers, trading is a marathon, not a sprint. Keep refining your skills, focus on robust strategies, and never let emotions take the wheel. Long-term success is built on patience and discipline. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
1
SLPUSDT: The Breakout Everyone’s Waiting For?Yello, Paradisers! 🚨 Have you noticed SLPUSDT’s recent action? After a resistance trendline breakout, it’s now consolidating while forming an inverse head and shoulders pattern with a bullish divergence—classic signals pointing toward a potential bullish move. But will it deliver? Let’s break it down. 💎If SLPUSDT manages to break out and close a candle above the resistance zone, it would confirm the inverse head and shoulders pattern. This validation could significantly increase the probability of an upward move. 💎In case of a retracement, the support zone may act as a bounce level. However, to enhance the odds in our favor, waiting for a bullish internal change of character (I-CHoCH) before entering would be the smarter play. 💎On the flip side, if SLPUSDT breaks down and closes a candle below the support zone, this would invalidate the bullish setup entirely. At that point, the better approach would be to wait for a stronger price action structure to emerge rather than forcing a trade. 🎖 This is why patience and discipline are key, Paradisers. Let the market confirm your setups—trading without validation is gambling, not strategy. Stay sharp and focused. Remember, the best opportunities often come to those who wait for the highest-probability trades. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Gold analysis: 2645 may usher in a V-shaped super reversalGold analysis: 2645 may usher in a V-shaped super reversal As shown in the figure: From Thursday to Friday, we experienced a big market of long and short double kills, from the sharp drop of 2656-2613 to today's V-shaped reversal, focusing on testing the pressure of the 2640-2645 range. Four-hour cycle: 2620-2660 is still the main shock range at present Shock center: 2645 (line segment A: still the most effective pressure line at present) After the adjustment of Thursday and Asian market trends: Gold currently stands at 2640, and oscillates narrowly in the 2640-2645 range. Shock space: Today, there is a high probability of a large V-shaped anti-structure around 2645, and it is bullish on 2660+ Still focus on: the pressure performance near 2645 Strategy: ------------------------- Buy ideas: Bottom support: 2635-2640 Break pressure: 2645-2650 Upward target: 2660-2680 ----------------------------------------- Short ideas: Top pressure: 2645-2650 Break support: 2640-2635 Downward target: 2630-2620-2615-2600 Today's gold ideas: As mentioned yesterday, gold will usher in greater fluctuations. The trend on Thursday and Friday is obviously a situation of both long and short kills. Everyone is waiting for today's big non-agricultural data to come out, so gold needs a big cleanup Current market analysis: 1: After a week of continuous fluctuations, many people have made money in the fluctuation range 2: If it rises directly on Thursday, it will be difficult to have new buying momentum. There are too many funds deposited around the 2640-2645 range. At this time, a thorough cleanup is needed to rush higher in the future 3: In fact, most of the Fed's data in the past week are bullish 4: The decline is very rapid, and the long liquidation action is completed quickly 5: After clearing the longs, the price comes to a low level, continue to buy the bottom, and get better chips 6: The next gold price will only be higher Target: 2650-2660-2680-2700 To sum up the above: Today's gold strategy adopts a low-long approach, completes the purchase in the 2630-2640 range and holds firmly, with a target of 2660.
FOREXCOM:XAUUSD
by G-Janaya