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Indraprastha Medical (D) - Bullish Breakout or Bearish Reversal?Indraprastha Medical Co. is at a critical juncture, presenting conflicting signals that warrant close attention. While the long-term trend remains bullish, emerging patterns suggest a potential reversal. The Bullish Case: Strong Momentum The stock has been in a consistent uptrend since July 2023, followed by a period of sideways consolidation that began in October 2024. Today's session was notably strong: - New All-Time High: The stock registered a new all-time high, with the closing price being the same as the high of the day. This indicates intense buying pressure and an absence of selling at the peak. - Massive Volume: The breakout was supported by exceptionally high trading volume, adding conviction to the upward move. - Indicator Alignment: Key momentum indicators are bullish across multiple timeframes (Monthly, Weekly, and Daily). The short-term Exponential Moving Averages (EMAs) are in a positive crossover state, and the Relative Strength Index (RSI) is rising, confirming the underlying strength. If this bullish momentum is sustained and the stock decisively breaks out from the current resistance zone, the next potential target is the ₹760 level. The Bearish Counterargument: Divergence and Reversal Pattern Despite the bullish price action, there are significant warning signs: - Potential Double-Top: Today's new high has formed a potential Double-Top pattern on the Monthly, Weekly, and Daily charts. This is a classic bearish reversal pattern that can signal a market peak. - Bearish Divergence: Crucially, this pattern is accompanied by a bearish divergence in the RSI. While the price made a new high, the RSI failed to do so, suggesting that the momentum behind the rally is weakening. If the breakout fails and this bearish pattern plays out, the stock could see a significant correction, with a potential downside support level at ₹385 . Conclusion and Outlook The current technical landscape is ambiguous. We have a powerful breakout candle on high volume conflicting with a classic bearish reversal pattern and weakening momentum. The immediate price action in the upcoming days is critical. Traders should wait for confirmation . A sustained move above today's high would validate the bullish case, while a failure to hold these levels and a subsequent breakdown would give credence to the bearish scenario.
NSE:INDRAMEDCO
by Learn_with_Pth0mas
Nifty 50 Daily, Trend Based Fibonacci Extension (Natural levels)Hey Traders, I hope you all are doing well in your life. Market is nature's response and Price is the God. Let's check the market with the help of natural levels tool : Trend Based Fibonacci Extension . After forming a ' W ' pattern on Daily chart, Nifty50 has given a pull-back ( base for Fib-Extension level tool, 24587 ). Most near level is the re-test of 38.2% level ( 24980 ), for a new UP trend ( investors ). " Buy 🟢 " above 25110 with the stop loss 🔻 of 24980, for the 🎯 Target 1: 25402 🎯 Target 2: 25650 🎯 Target 3: 26260 🎯 Target 4: 26500. " Sell 🔴 " below 24960 with the stop loss 🔺 of 25110, for the 🎯 Target 1: 24880 🎯 Target 2: 24780 🎯 Target 3: 24680 🎯 Target 4: 24500. Smart Levels is Smart Trading. 👨‍🎓 ⚠ RISK DISCLAIMER : All content provided by "TradeWithKeshhav" is for information & educational purposes only. It does not constitute any financial advice or a solicitation to buy or sell any securities of any type. All investments / trading involve risks. Past performance does not guarantee future results / returns. Always do your own analysis before taking any trade. Regards : @TradeWithKeshhav & team Happy Trading and Investing!
NSE:NIFTYLong
by TradeWithKeshhav
Century Extrusions (D) - Breakout or Fakeout?Century Extrusions has shown a significant sign of life after a prolonged period of sideways movement. However, a critical bearish indicator is flashing a warning sign, placing the stock at a crucial crossroads. The Bullish Catalyst: A Powerful Surge After a lackluster uptrend, the stock entered a consolidation phase in December 2023 , trading within a defined range. Today's session broke this monotony with authority: - Massive Price Gain: The stock surged by +17.03% in a single session. - Volume Spike: This price surge was backed by a significant spike in trading volume, indicating strong buyer participation. - Resistance Retest: This move represents a serious attempt to break out of a persistent resistance trendline that has capped previous rallies. Supporting this bullish action, key indicators are aligned positively across Monthly, Weekly, and Daily timeframes, with short-term Exponential Moving Averages (EMAs) in a positive crossover and the Relative Strength Index (RSI) showing rising momentum. If the stock can successfully breach and sustain above the immediate resistance, the path could be clear for a move towards the ₹44 level. The Bearish Warning: Waning Momentum Despite the powerful price action, a significant red flag exists. A bearish divergence is clearly visible across the Monthly, Weekly, and Daily timeframes. This occurs when the price charts higher peaks while the RSI indicator forms lower peaks, suggesting that the underlying momentum is fading despite the price surge. This divergence is a potent warning sign that the current breakout attempt may lack the strength to continue. If this signal proves true and the breakout fails, the stock could reverse course and decline towards the support level of ₹23 . Conclusion and Outlook The situation is a classic standoff between price action and momentum. The breakout is visually impressive, but the underlying bearish divergence cannot be ignored. The price action over the next few trading sessions is critical for confirmation. A decisive close above the resistance would validate the bullish breakout, while failure to hold today's gains could confirm the bearish divergence, leading to a potential downturn. Prudent analysis requires waiting for the market to reveal its true direction.
NSE:CENTEXT
by Learn_with_Pth0mas
SBI Cards : Double Bottom Breakout Ignites Bullish MomentumSBI Cards and Payments has given a strong bullish breakout from a well-defined double bottom pattern on the daily chart, indicating bullish potential The price has crossed above the neckline zone, confirming the breakout strength. The structure suggests that buyers have regained control, and momentum indicators are supporting further upside. Currently, the stock is showing sustained strength above its short-term moving averages, and the breakout candle has closed decisively above resistance. Based on the pattern height and measured move projection, the next potential target comes around the ₹904 price level. Any retest towards the neckline could offer a fresh buying opportunity with a favorable risk-reward setup. Key Levels: Support: 845 Resistance: 904 Trend Bias: Bullish above 840 Conclusion: The technical breakout from the double bottom pattern points towards renewed upward momentum in SBI Cards. A sustained move above 860–870 can accelerate the rally towards the 904 zone in the short term.
NSE:SBICARDLong
by peace_lover
Double Top at the Peak: Is a Bearish Reversal Coming in HDFC AMCHDFC AMC has given a good upside rally of 65% and is form a double top pattern. The stock is following a bullish trendline but the RSI divergence is creating a bearish sentiment supported by the drop India VIX. If the stock breaks below the trendline, a bearish trade can be entered with the first target of 5440 following it to 5208. Bullishness will only be confirmed only once the stock starts trading above 6000 levels. There is RSI divergence on the higher time frame too and gives more convincing trade in the stock. Entry :- Below 5809 Target :- 5440 and 5208 Stop Loss :- Close above 5927 (daily charts) Wait for the price action and trade accordingly.
NSE:HDFCAMC
by TheMamboMomentum
1
NYKAA - Cup with handle pattern📈 Pattern Analysis: Nykaa recently completed a "Cup-with-Handle Breakout" , which is a strong bullish continuation pattern. However, the breakout targets have not yet been achieved. In the past few sessions, the stock has witnessed selling pressure, forming a double-top bearish pattern on the chart. 📊 Key Levels & Structure: The price is currently in a corrective phase and may move lower to retest the breakout zone of the cup-with-handle pattern. This zone is expected to act as a strong support level and could provide a fresh opportunity for accumulation if the structure holds. 🔎 Momentum Indicators: RSI has cooled off from overbought levels, creating room for the next leg of upside. Volumes during the recent dip are lower compared to the breakout volumes, suggesting the decline is corrective rather than a trend reversal. 🎯 Projection & Outlook: A successful retest of the breakout zone could resume the uptrend with upside targets around ₹ .... levels in the medium term. Failure to hold the support could, however, lead to extended consolidation. ⚠️ Disclaimer: This is a technical projection, not an investment recommendation. Traders should manage risk carefully and align strategies with their financial objectives.
NSE:NYKAA
by Arvind_Share_Academy
2
Breakout Attempts – Same Setup, Different StoriesSeveral stocks are attempting key breakouts on the weekly timeframe. At first glance, the charts look alike — price testing overhead resistance. But momentum (RSI) paints very different pictures. Polycab India – Momentum-backed breakout RSI makes a higher high, confirming strength behind the move. Grasim Industries – Breakout with divergence risk Price pushes higher, but RSI forms a lower high. A red flag for possible weakness. Canara Bank – Cautious breakout attempt Price tests the swing high, RSI is neutral with only a slight higher high. Momentum is less convincing. Takeaway Breakouts may look the same on price charts, but momentum helps separate strong moves from risky ones. A follow-up with Elliott Wave counts will be done once the structures mature further. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:POLYCAB
by WaveXplorer
Positional or Long-term Opportunity in TIINDIAGo Long @ 3003.3 for Targets of 3330, 3830, and 4650 with SL 2820 Reasons to go Long : 1. On Weekly timeframe if we draw Fibonacci retracement from the all time swing low (A) to the all time swing high (B) then the stock took support from the 0.5 Fibonacci level. 2. In addition to this, the stock formed a Double Bottom Pattern (W) around 0.5 Fibonacci level. 3. After retracing the stock formed pole & flag pattern & gave breakout.
NSE:TIINDIALong
by Nimish_Ghagare
Maruti Suzuki . Multi time frame analysisThe price is forming a very narrow range consolidation between 15300 and 15360 in the one-hour time frame. The price can give a breakout from here or test the trend line before moving up. In the daily time frame, we can see double top resistance around the 15370 and 15388 zones. Using this analysis, when we look at the 15-minute chart, safe entry will be when the price sustains above the double top or during a pullback when the price takes support around 15200. Scenario 1: Buy above 15390 with the stop loss of 15330 for the targets 15440, 15490, 15540, 15590, and 15660. Scenario 2: Buy above 15200 with the stop loss of 15140 for the targets 15260, 15320, 15380, 15440, and so on. Always do your analysis before taking any trade.
NSE:MARUTILong
by vanathi
2
VoltasPrice is facing double top resistance at the 1434 - 1438 zone and had a pullback towards the 1410 zone. Nearby strong support is at 1400. 1400 and 1412 are buying(support) levels. Buy can be initiated depending on the price movement at these levels. Buy above 1412 with the stop loss of 1400 for the targets 1422, 1430, 1442, 1454, and 1466. If the price opens below 1410 and moves towards 1400, we can buy when the price shows bullish strength above 1400. Price is bearish below 1400. Sell below 1395 with the stop loss of 1405 for the targets 1386, 1374, and 1362.
NSE:VOLTAS
by vanathi
1
COALINDIA – Double Bottom Breakout with MACD Strength!📊 Pattern & Explanation COALINDIA has formed a double bottom pattern, which looks like a “W” on the chart. This occurs when price tests the same support level twice and holds strongly. It signals that buyers are defending that zone. Once the neckline (resistance above the bottoms) is crossed with momentum, it often leads to a strong upward move. 📈 Key Levels Target: 402 – calculated from the breakout projection. Stoploss: 384 – to limit downside risk. 📊 MACD Crossover The MACD (Moving Average Convergence Divergence) is a momentum indicator. A positive crossover happens when the MACD line moves above the signal line, showing fresh buying strength and supporting the bullish breakout setup in COALINDIA. 💡 Why This Setup Matters This setup combines price action (double bottom breakout) with momentum confirmation (positive MACD crossover). When support holds twice and momentum shifts upward, the chances of a sustained rally improve. Traders can use this confluence to trade with higher confidence, while managing risk with a clear target and stoploss.
NSE:COALINDIALong
by peace_lover
1
Tata Technologies Double-Bottom Breakout | Target ₹720The stock has recently completed a double-bottom reversal pattern . A double bottom is one of the most reliable bullish reversal setups, often described as a “W-shaped” formation. It occurs when price tests the same support level twice, with sellers unable to push lower both times. This repeated defense by buyers signals demand at those levels and exhaustion of selling pressure. Once price broke above the neckline (the midpoint of the “W”), the pattern was confirmed, suggesting that buyers are regaining control and an uptrend may be unfolding. But what makes this breakout even stronger is the confluence of technical signals: Bullish MACD Crossover : The MACD line has crossed above the signal line, shifting momentum to the upside. This indicates that bullish momentum is not only present but accelerating. Volume Surge : Breakouts accompanied by rising volume are considered stronger and more reliable. In this case, the surge in volume confirms that institutions and larger players are participating in the move, adding credibility to the breakout. Together, these signals create a powerful alignment of pattern, momentum, and participation. Trade Plan : Entry : On breakout above neckline or on a healthy retest of the neckline as support. Target : ₹720, calculated as the measured move objective from the double bottom formation. Risk Management : Always size positions carefully. Risking only 1–2% of capital per trade ensures you can survive a string of losses and stay in the game long-term.
NSE:TATATECHLong
by peace_lover
IREDA: Double Bottom in PlayOn the daily time frame, the chart of IREDA has recently displayed a double bottom reversal pattern , a classic technical formation often associated with a potential shift from bearish to bullish sentiment. This pattern, marked clearly on the chart, suggests that buyers may be stepping in at a previously defended price level. In the preceding downtrend, the stock failed to establish a new low and instead broke above a prior swing high, indicating a CHoCH in market structure. This shift is typically interpreted by technical analysts as a transition from bearish to bullish momentum. The RSI is currently above 60 , approaching the overbought zone. While this suggests strong buying interest, it also warrants caution as price may be nearing short-term exhaustion. However, in trending markets, RSI can remain elevated for extended periods. Additionally, the stock has managed to close above both the 20-day and 50-day EMAs, accompanied by increased volume, which adds credibility to the bullish setup. These moving averages often act as dynamic support levels and trend confirmation tools. Based on this technical structure, the next potential resistance levels are identified near ₹160, followed by ₹173 . A technical stop-loss level could be considered at a daily close below ₹140 , which aligns with the double bottom support zone. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are subject to change, and trading decisions should be made based on individual research, risk tolerance, and consultation with a licensed financial advisor.
NSE:IREDALong
by NiftyNotion
Nifty 50 – Bearish Engulfing at 25,150, Eyes on FedNifty rallied into the 25,150 zone and immediately met resistance. The daily chart printed a bearish engulfing candle , a textbook reversal signal after a short-term rally. From a pure price-action perspective, this suggests caution as bulls lose momentum at a key supply zone. However, context matters. The Fed interest rate decision on 17th Sep night is the big catalyst ahead. Until then, markets may prefer to stay rangebound rather than commit to a direction. Derivatives data backs this: Heavy Call OI at 25,100–25,200 creates resistance. Strong Put OI at 25,000 provides support. With PCR near 1.0, the bias leans neutral-to-cautious. In short: the bearish engulfing is valid, but expiry flows (16th Sep) and the Fed decision (17th Sep night) will decide whether this turns into a deeper pullback or gets invalidated by a breakout.
NSE:NIFTY
by WaveXplorer