Copper Futures Update – Bullish Setup Alert!A strong trendline support pattern has formed in Copper (MCX), as seen on the 15-minute chart. Price has successfully respected the support zone near ₹876, indicating buyers are stepping in around this level.
With a positive price reaction from support and a favorable risk-to-reward setup, a potential upward move towards ₹880–₹881 is on the cards. 📈
This setup suggests a short-term bullish sentiment as long as the support holds. Traders can keep this level on radar for intraday to short-term opportunities. ✅
Contains IO script
OSWALAGRO - Breakout from DTFOSWALAGRO has resistance weakening on the Daily charts and has given a breakout with good volume.
The target of this pattern signals an upside potential of 15% from the current price level in the medium term.
The stock is trading above its 50- and 100-day exponential moving averages (EMAs). The range is more than >2X, and the Volume is also >10X the average.
CMP- Rs. 104
Est. Entry price ~ 108
Target Price- Rs120 ( 15% upside)
SL -92
Note- The candle closed isn't very promising, so we have to wait for a stronger move.
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
HCC - Breakout from DTFHCC has resistance weakening on the Daily charts and has given a breakout with good volume.
The target of this pattern signals an upside potential of 17% from the current price level in the medium term.
The stock is trading above its 50- and 100-day exponential moving averages (EMAs). The range is more than 1.5X, and the Volume is also 1.5X the average.
CMP- Rs. 30
Target Price- Rs35 ( 17% upside)
SL - 27.5
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
Oracle Fin Serv Soft LTD - Rounding Bottom📈 ORACLE FIN SERV SOFT LTD (OFSS) – Swing Long Setup Forming! 🚀
Ticker: NSE:OFSS
CMP: ₹9,492
Setup: MACD Reversal + Range Retest + PSAR Flip in Progress
Target: ₹12,600+
Upside Potential: +32%
🔍 Why I’m Watching This:
🔸 MACD Bullish Crossover confirmed with green dot + rising histogram
🔸 Price consolidating after a long correction – possible range breakout zone
🔸 PSAR about to flip from red to green on weekly
🔸 RSI recovering from oversold territory
🔸 Decent volume pickup after multi-week downtrend
🎯 Trade Plan:
Entry Zone: ₹9,200–₹9,500
Stop Loss: ₹8,267 (below range low)
Target 1: ₹10,800
Target 2: ₹12,600+
RR: ~2.5:1
A clean high base + confirmation across multiple indicators.
Will build position in legs – trend reversal could play out strong.
💬 What’s your view on OFSS? Are you tracking this too?
📌 Follow me for more high-probability swing setups based on momentum + structure logic.
Electrocast steel - Rounding bottom 📈 Electrosteel Castings – Weekly Breakout Watch 🧨
Ticker: NSE:ELECTCAST
CMP: ₹118.47
Setup: Base + Ema Compression + MACD Reversal
Target: ₹230+
Potential Upside: +102%
🧠 Trade Thesis
🔹 Stock has formed a clean rounding base after a long downtrend
🔹 Price has reclaimed multiple EMAs with strong volume
🔹 Weekly MACD crossover (green dot) with histogram flipping
🔹 Bullish momentum on RSI and OBV indicating accumulation
🔹 Volume increasing steadily on green candles – signs of institutional interest
📊 Risk-Reward Setup
Entry Zone: ₹110–120
Stop Loss: ₹88 (weekly close basis)
Target 1: ₹160
Target 2: ₹230+ (recent swing high)
Trade slow. Let price and volume confirm. Add on dips, ride the trend.
💬 Comment below if you're watching this setup or already in!
🔔 Follow me for more swing setups based on price-action + momentum logic.
Relative Strength or weakness in Auto sectorLet's see if this makes lower high but this sector does not look the strongest for sure
Stocks in this index:
NSE:MARUTI,NSE:M&M,NSE:TATAMOTORS,NSE:BAJAJ-AUTO,NSE:EICHERMOT,NSE:TVSMOTOR,NSE:MOTHERSON,NSE:BOSCHLTD,NSE:HEROMOTOCO,NSE:ASHOKLEY,NSE:BHARATFORG,NSE:TIINDIA,NSE:MRF,NSE:BALKRISIND,NSE:EXIDEIND
Will have to check Ancillaries separately as there are many stocks which are coming in scans from Ancillaries space.
We are also facing rare magnets issue in the short term.
This is how you can use ratio charts to gain an extra edge.
Source: x.com
DISCLAIMER: NOT A SEBI REGISTERED ANALYST.
NO RECOMMENDATION TO BUY AND SELL
Nifty - Elliot Wave UpdateNifty has been testing patience and not letting anyone take positional trades since mid of May.
24500 has acted as a crucial support - and as we come to re-test it today for the 3rd time, I thought of updating the view after my last post on May 15th, as we have a good RR long trade here.
We had two alternates:
1. We are in 5th up/ which got done, is about to be done. In this case we head down to 23500 or so and then we review if this bounce was corrective or we are going to ATH.
2. We did 1 and 2 and have started 3 up. Within 3 we started the 3rd up today. If this is true, the run up should continue for next few days.
Now, possibility 2 remains as it is, but possibility 1 has changed to look like a leading diagonal.
So, instead of 12345 (where 1 and 4 cannot overlap), we are moving up in ABCDE (where A and D can overlap).
My view is that we have E up pending - and since we have taken so much time in D, more room is getting opened in E up (top of the wedge structure) - which was 25300 earlier, and is now looking at around 25700 - which is a good 1200 points from here.
This move up will also test the bottom of the longer channel we followed from March 2023 and broke in Jan 2025. So, a first test of that channel would mark as a good point for wave 1 to end and a correction to begin till 24000-23800.
24500 breaking and sustaining should act as SL. So, we have a good trade set-up at hand to play till 25500 or 5 wave up, whichever happens first
All the best!
Finding 12 Hr Virgin CPRsFinding 12 Hr Virgin CPRs - Know when to take TP1
A more favorable timeframe for scalps and daytrades
ETH Consolidation ETH in a massive consolidation zone rigjt now.
We never broke wick high we got close and rejected. If btc pushes past ath and eth moves again this would be the third test and a massive squeeze.
Not trading this range right now until confirmations but keep an eye on that wick for now
Eth - Consolidation Eth in a massive consolidation zone rigjt now.
We never broke wick high we got close and rejected. If btc pushes past ath and eth moves again this would be the third test and a massive squeeze.
Not trading this range right now until confirmations but keep an eye on that wick for now
ETH - Double Top 4hrEth in a massive consolidation zone rigjt now.
We never broke wick high we got close and rejected. If btc pushes past ath and eth moves again this would be the third test and a massive squeeze.
Not trading this range right now until confirmations but keep an eye on that wick for now.
SPX/ NDX/ DJI - Elliot Wave - Change in CountsI have expected May 8th as the top of the pullback in this post:
However, it seems that there were more legs pending.
View still remains that this is a counter trend rally, and we will eventually head down again.
We are in 3rd of C and we will get another move up in 5th, which should mark the end of the entire leg up.
If I am invested in US markets - I would use this rally to book profits!
View is similar in Nasdaq and DJI, so not sharing those charts again. :)
All the best!
Nifty - Elliot Wave Update So, thankfully we have been aligning are views with the market and reviewing counts at the right time. Lucky much? :)
On May 2nd - We caught the top, when the breakout didn't look convincing
We got a good correction (Correction was even better in stocks) and booked out at around 24k on May 9th, and changed views, again as the fall wasn't as bad as it was expected after the end of 5th. Hence, it made sense to expect a 5th up.
This change in view helped us ride a good move of +1000 points in Nifty and multiple +10% moves in stocks (crazy moves there).
Now, while the view shared on May 9th still remains valid, there's an even more bullish view possible.
Ideally, I should have waited for more clarity, but thought that someone shouldn't book out of positions, if it's actually that.
So, there are two scenarios:
1. We are in 5th up/ which got done, is about to be done. In this case we head down to 23500 or so and then we review if this bounce was corrective or we are going to ATH.
2. We did 1 and 2 and have started 3 up. Within 3 we started the 3rd up today. If this is true, the run up should continue for next few days.
How to decide, I am keeping 61.8% of today's move as a deciding factor. So, if we come back to 24700, I'll be out of longs - will even book cash trades and wait for clarity to re-enter.
P.S.: You must be wondering, what the two Orange circles denote - Well they are for reminding me that this price action can be a trap, as it has happened in past. :D
Though looking at set-ups in stocks and the way they are moving after clearly defining a base - I am quite confident that the low has been made for this correction.
As usual, important to track closely and be nimble to change the view and humble to accept mistakes :)
All the best!