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ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil
Sanofi probable trade set upPrice action analysis for Sanofi India (SANOFI) indicates a bearish trend in the short term. The stock is currently trading below its 20-day Simple Moving Average (SMA) and is in the lower range of its Bollinger Bands, suggesting downward momentum. The price has broken a strong support level of 6257, which could lead to further downward movement. Key price action indicators: 1. The stock is trading near its recent lows, reflecting strong selling pressure. 2. The current price (as of December 20, 2024) is 6,205.95, significantly below its 52-week high of 10,524.95. 3. The stock has broken its weekly support, indicating a bearish outlook. Technical indicators supporting the bearish trend: - ADX (Average Directional Index) is showing a strong sell signal. - MACD (Moving Average Convergence Divergence) has generated a strong sell signal. - The Ichimoku cloud is red, with prices below the cloud, suggesting a downtrend. - CCI (Commodity Channel Index) has generated a strong sell signal. However, it's worth noting that the RSI (Relative Strength Index) is generating a buy signal in the short term, indicating that selling might be slowing down. This could potentially signal a reversal or consolidation in the near future. Volume analysis shows that the stock is falling with high volumes, as it's trading below its Volume Weighted Average Price (VWAP) of 6385.21. This suggests that sellers are currently more active in the market.
NSE:SANOFILong
by KarniKripaa
Railway Wagon Manufacture theme show positive for short term Triple bottom pattern breakout and retest is appears to be done , now with target of RR of 1:1.87 , expecting high order flow in upcoming Q4 + Budget within 1 month overall basket is about 40-42k cr. valuation showing potential space to inflate market cap , and trading at avg of 6-7X of P/B value which is also quite good NSE:TITAGARH NSE:JWL NSE:TEXRAIL No buying recommendation , Study purpose only DUOR before invested Disclaimer - holding sizeable Quantity in both NSE:TEXRAIL and NSE:TITAGARH
NSE:TITAGARHLong
by girish2mutha
1
NMDC Swing idea (Long)NMDC can give breakout due to following technical reason: 1) Breaking a range after 2+ month consolidation 2) Double bottom pattern(or W pattern) formation in daily & weekly chart 3) Trading above 20, 50 EMA on daily & weekly 4) Swing low are not broken, range is slowly shifting higher side (Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:NMDCLong
by GauravPrasad_GP
Kalyani Steels Q1 down. More pain possible ahead!!!Kalyani Steels Q1 results down double digits. Weakness shown in chart since July 15. Till now 800 held as strong support. Not sure if that support will hold further. If 800 gets broken, ~18% fall to 650. Quarterly chart RSI is still ok. But monthly, weekly chart RSI are down. Double top around 1074-1083. Head and Shoulder pattern is forming. An anomaly which I already observed during this market, bearish H&S pattern gets negated. Nifty Metals W. After reaching the cup target and then Fib target on May 21, it consolidated until Jul 8 '24 and then broke down. This month Price broken down from parallel channel as well. Kalyani Steels had a max drawdown of ~44% twice and 40% 5 times and ~20-25% for around 7 times since Feb '22. Recent drawdown from ATH is 26%. If KSL were to break 800, then as mentioned earlier there would be a 18% fall (max drawdown 44 - recent drawdown from ATH 26 = further prediction 18) where next support is at 650. Since my Avg price is 257 that too after exiting initial investment + 20% profit, I made my decision to stay put with the rest of the units. Apart from technical, fundamental reason for staying put is due to expansion plan at Odisha of 5124cr with 10K TPA capacity for aero & defense components
NSE:KSLShort
by naraykln
Maharashtra Seamless- Double Bottom & Rectgular pattern BreakoutMaharashtra Seamless has given a double bottom and rectangular breakout with big volumes. I am expecting this stock to move towards our targets. Other factors: 1. From a downward channel, the stock has started its reversal giving a double bottom and rectangular pattern breakout. 2. Volume Candle - The breakout candle is big volume candle 3. The 20 EMA is crossing 50 EMA is a sign of bullishness 4. Fundamentally: - 55% market share share in seamless pipes - Zero Debt - 850cr of capex in till FY 26 - consistent profitability This stock given above parameters should move towards our targets. Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!!! Cheers!!!
NSE:MAHSEAMLESLong
by Cleaneasycharts
Is TURBOUSD About to Explode? Key Levels to Watch!Yello Paradisers! TURBOUSD is catching attention with its bullish market structure and a supportive trendline holding firm near a critical support zone. But is this the setup we’ve been waiting for, or could it falter? Let’s dive into the details. 💎If TURBOUSD approaches the support zone while respecting the trendline and confirms a bullish I-CHoCH (Internal Change of Character) on lower timeframes, the probability of a bullish move significantly increases. This could present a prime opportunity for a potential bullish move. 💎For those looking for extra confirmation before entering a trade, watch for classic bullish patterns such as: Double bottoms (W patterns), Inverse Head and Shoulders, These formations, combined with bullish price action, can further strengthen the case for a move upward. 💎However, caution is key. If TURBOUSD breaks below the support zone and closes candle decisively beneath it, the bullish setup is invalidated. In this scenario, waiting for clearer and more reliable price action will be the smarter move. 🎖Successful trading is not about chasing every move—it’s about waiting for the highest probability setups. Whether this is the breakout we've been anticipating or just another consolidation phase, patience and discipline are what separate winning traders from the rest. MyCryptoParadise iFeel the success🌴
CRYPTO:TURBOUSDLong
by MyCryptoParadise_Nathan