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RLMD — Breakout After 10-Month ConsolidationRLMD has finally broken out above its long-standing resistance after nearly 10 months of consolidation. The breakout is supported by good volume, which adds strength and reliability to the move. 🔑 Why This is Significant Long consolidation: When a stock trades sideways for months, it builds strong accumulation. Once price escapes the range, moves are often sharp and sustained. Volume confirmation: Breakouts on higher-than-average volume signal real demand, reducing the chances of a false breakout. Gap to fill: There’s a price gap up to $1.70. Gaps act like magnets — if the breakout holds, price often travels to fill them. 🎯 Levels to Watch Breakout trigger: $0.70 → needs to sustain trading above this level. Immediate targets: $1.40 → $1.70 (gap-fill). Invalidation: A daily close back below $0.70 would signal a failed breakout and likely return to consolidation. ✅ Conclusion As long as RLMD holds above $0.70, bias stays bullish with a possible gap-fill move toward $1.70. Traders should watch for retests of $0.70 acting as support, along with continued volume confirmation.
NASDAQ:RLMDLong
by ChartsBySachin
Head & Shoulders on DAX Daily Chart – Watch for BreakdownThe DAX index is currently forming a Head and Shoulders pattern on the daily chart, a well-known bearish reversal formation. This pattern typically signals a potential shift in trend from bullish to bearish if the breakdown occurs. Left Shoulder – Formed when prices peaked, followed by a correction. Head – A higher peak, marking the top of the uptrend, followed by another decline. Right Shoulder – A lower high compared to the head, showing weakening bullish momentum. Neckline – The key support line connecting the lows between the shoulders and the head. ⚖️ Implications If the DAX breaks below the neckline with strong volume, it will confirm the pattern. This breakdown could trigger further downward momentum, with potential targets calculated by measuring the distance from the head to the neckline and projecting it downward. ✅ Summary Pattern: Head & Shoulders (bearish) on daily chart. Trigger: Breakdown below the neckline. Outcome: Increased probability of further decline, with downside targets extending to lower support zones.
XETR:DAXShort
by ChartsBySachin
Bitcoin Analysis – Support Break & Next LevelsBitcoin has broken below its key ascending trendline and also lost the horizontal support around 111k–112k. The breakdown was followed by a retest of the trendline, which got rejected, confirming the weakness. 🔑 Key Levels to Watch 124,272 → Major resistance (recent swing high). 111k–112k → Broken support, now acting as resistance. 100,407 (~100k)→ Next important support zone to test. 92k–90k (red zone) → Strong demand area if 100k fails. 76,719 → Deeper support if selling continues. 📊 Possible Scenarios 1. Bearish Continuation (Base Case): Price likely to move toward 100k support. A bounce is possible here, but if Bitcoin closes below 100k on daily timeframe, next downside targets are 96k → 92k–90k. 2. Bullish Invalidation: If BTC reclaims 112k and sustains above it, short-term bearish outlook weakens. A break above 120k could reopen the path toward 124k. ✅ Conclusion Right now, the bias remains bearish below 112k, with 100k as the immediate support to watch. Reaction at 100k will decide whether we see a bounce back to 111k or a deeper correction into the 90k zone.
BITSTAMP:BTCUSDShort
by ChartsBySachin
Chart Analysis - Dow Jones (Breaking Important Resistance)The US30 index has successfully broken through an important resistance level today, which is a key technical development. This breakout suggests the potential beginning of a strong bullish trend, provided the index is able to sustain itself above the red zone. If it continues to hold above this zone, buyers will likely remain in control, paving the way for higher upside targets in the coming sessions. However, if the index fails to stay above this red zone and falls back below it, the breakout will be considered a false breakout, which could lead to renewed selling pressure and possible downside movement. In short, the red zone is the make-or-break level that will decide whether the trend continues upward or reverses.
TVC:DJILong
by ChartsBySachin
Chart Analysis - TCS1) Weekly support (context) Price is sitting near a multi-week demand zone (prior swing lows / consolidation base). Weekly supports matter because bigger timeframes filter noise and attract institutional flows. When price returns to a weekly support and stabilizes, it often transitions from distribution to accumulation. 2) Daily double bottom (pattern) A double bottom forms when price tests a low, bounces, then retests roughly the same low and rejects it again. That shows buyers defending the level twice. The neckline is drawn across the swing high between the two lows. A daily close above the neckline confirms the pattern. 3) Volume confirmation Healthy: rising volume on up-days, especially on the rally from the second bottom and on the neckline breakout. That says demand is active, not just a technical bounce. 4) Risk line (“invalidates below today’s low”) Your statement “bullish till it holds today’s low” defines a clear invalidity level. If price closes below today’s low, it suggests the second bottom failed—cut risk there. 5) Trade planning (illustrative, not advice) Entry ideas: (a) Aggressive: near current price with stop just below today’s low. (b) Conservative: on a confirmed close above the neckline, or on a pullback/retest to the neckline that holds. Stops: A few ticks below today’s low (aggressive) or below retest low (conservative). Management: Scale partial at interim resistance; trail stop under higher lows / 20-EMA on the daily. 6) What would weaken the setup Weak or declining volume on rallies, repeated rejections at the neckline, or a decisive daily close below today’s low/weekly support. In short: Weekly support + daily double bottom + volume = constructive. Confirmation comes with a neckline break; invalidation is a close below today’s low.
NSE:TCSLong
by ChartsBySachin
Chart Analysis – Bajaj Finance LtdThe stock was trading inside a rising channel for a long time but eventually broke down from it. After the breakdown, a retest of the broken support trendline was observed, confirming weakness. Currently, the price is struggling near the ₹890–₹900 zone, which is acting as a resistance. The critical support lies around ₹850. ⚠️ If the stock closes below ₹850, it will confirm further bearish momentum. The next support levels open up towards ₹820–₹800, which is also a strong demand zone (green highlighted area on chart). 📌 Summary: Unless the stock reclaims and sustains above ₹900, the bias remains weak. A close below ₹850 can accelerate the fall toward ₹820–₹800.
NSE:BAJFINANCEShort
by ChartsBySachin
SPX forms a bearish engulfing candle again Last week, the S&P 500 Index (SPX) printed a bearish engulfing candle on the weekly chart. This candlestick pattern occurs when a larger red (bearish) candle completely "engulfs" the body of the previous green (bullish) candle. It is a classic reversal signal, often indicating that the momentum may be shifting from bullish to bearish. What makes this significant is the recurring pattern we've observed: At each of the last three market tops, the SPX formed a bearish engulfing pattern—and each time, this was followed by a notable correction or pullback. The current candle mirrors those past setups almost identically, suggesting that the market may again be vulnerable to a short-term decline. However, the big question remains: "Will this time be different?" In short, the bearish engulfing pattern is a warning sign—especially given its historical reliability at tops—but confirmation is key. Ask ChatGPT
TVC:SPX
by ChartsBySachin
Bajaj Finance – Trendline BreakdownBajaj Finance has broken a key ascending trendline on the daily chart, with a minor retest underway. The price now trades below the 21 EMA (926.59), indicating short-term weakness. RSI stands at 38.31, showing bearish momentum with room for further downside. A significant volume spike confirms strong selling pressure. If the retest fails, the stock could drop toward the 790–830 support zone. This bearish setup remains valid unless the price reclaims the trendline and closes above the EMA. Traders should watch for rejection at the trendline to confirm further downside.
NSE:BAJFINANCEShort
by ChartsBySachin