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Double Top or Bottom

SBICARD at Key Level: Watch ₹780 Support, ₹830 BreakoutSBICARD is currently displaying a double bottom pattern on the daily chart — a bullish reversal setup that typically forms after a downtrend. This pattern signals that the stock is attempting to establish a strong base and could be preparing for an upward move. ⚖️ Key Levels to Watch Support Zone: As long as SBICARD holds above ₹780, the structure remains strong and the pattern is valid. A breakdown below this level could weaken the setup. Breakout Confirmation: A closing above ₹830 will serve as bullish confirmation of the double bottom breakout. Upside Targets: Once confirmed, the stock has potential to rally toward ₹860–880 levels in the short term. ✅ Summary In short, SBICARD is in a consolidation phase, attempting to break out from a double bottom. Holding above ₹780 keeps the bullish bias intact, while a breakout above ₹830 can trigger the next leg higher.
NSE:SBICARDLong
by ChartsBySachin
Bajaj Finserv – Double Bottom Breakout Hits 2082!Bajaj Finserv recently broke out of a double bottom pattern , confirming strong bullish momentum. After the breakout, price action swiftly reached the target of 2082 , validating the pattern’s strength. Adding to the bullish sentiment, the stock also achieved a breakout above 50D SMA and 100D SMA , showing renewed medium-term momentum and strong follow-through buying. This breakout above critical levels suggests that the trend is gaining strength. Sustaining above these moving averages could attract further momentum traders and long-term investors. 📊 Key Highlights: Breakout from double bottom pattern ✅ Target of 2082 achieved 🎯 50D SMA & 100D SMA breakout 🔑
NSE:BAJAJFINSVLong
by peace_lover
Mazagon Dock – Breakout Victory: Target Achieved at 2925!Mazagon Dock recently delivered a strong breakout from a descending wedge pattern , signaling a shift in momentum. After the breakout, price action surged and successfully reached the target of 2925 . Interestingly, the stock also took a reversal from the 200D SMA , which acted as a major resistance zone . This confluence of technical factors highlights the importance of moving averages in identifying key turning points. Currently, traders should watch how the price reacts around this zone. A sustained move above 200D SMA may open the doors for further upside, while rejection could trigger some healthy consolidation. 📊 Key Takeaways: Breakout from descending wedge pattern ✅ Target of 2925 achieved 🎯 200D SMA acted as resistance 🔑
NSE:MAZDOCKLong
by peace_lover
EUR/USD | 30M | Live Execution Zone We’ve marked out our trade zone post-CPI. Price tapped into our supply pocket at 1.1747 and is now reacting as anticipated. Position structured with: Entry at the rejection from supply Stop above the sweep zone Target the lower liquidity pool near 1.1680 Key narrative: Market took out liquidity on both sides, confirmed displacement, and is now showing signs of delivering south before the next structural shift. This is a clean setup aligning with the higher-timeframe bias — patience and discipline doing the work.
Short
by YCGH_Capital
Double-Bottom Breakout → Bulls in Control | Target ₹4219The stock has recently completed a double-bottom reversal pattern . A double bottom forms when price tests the same support level twice and fails to break lower, creating a “W-shaped” structure. This indicates that sellers tried twice to push the stock lower but were unable to, while buyers stepped in to defend the level. Once price breaks above the neckline (the midpoint of the “W”), the pattern is confirmed, often signaling the start of a bullish trend. Adding further strength to this setup, price is holding firmly above the 50D, 100D, and 200D SMA . Here’s why this matters: 50-Day SMA : Represents short-term trend. Interestingly, the stock has now tested the 50D SMA thrice and held each time , showing strong buyer interest and reinforcing bullish momentum. 100-Day SMA : Reflects medium-term structure; price above this confirms that buyers dominate the broader swing. 200-Day SMA : The long-term benchmark; trading above this signals the stock is firmly in an uptrend. When price stays above all three moving averages, it shows alignment across short, medium, and long-term trends — a powerful confirmation that bulls are in control. Trade Plan : Entry : On breakout above neckline or on a pullback retest of neckline as support. Target : ₹4219 (measured move objective from the double bottom pattern). Risk Management : Stick to disciplined sizing; risk no more than 1–2% of trading capital.
NSE:KEILong
by peace_lover
Coforge | Double Bottom Reversal with RSI + MACD Breakout📌 Coforge Ltd. – Closing Price: ₹1,768.60 📊 Technical Indicators Explained Coforge is showing strong technical signals. A Double Bottom pattern 📉➡️📈 suggests a possible bullish reversal, while a strong bullish candle 🔥 confirms momentum. The RSI breakout ⚡, MACD crossover 📊, and volume surge 🚀 all indicate growing trader participation. With supports holding firm and resistances nearby, the stock is entering a decisive zone. ________________________________________ 📈 Bullish Case – Why the stock could go up Double Bottom signals potential trend reversal. Strong bullish candle with volume validates buying interest. RSI breakout + MACD crossover = bullish confirmation. Fibonacci retracement levels open upside zones towards ₹1,852 – ₹1,994+. 📉 Bearish Case – Potential downside risks If price fails to sustain above ₹1,726, weakness may return. Broader market corrections could weigh on momentum. A breakdown below ₹1,657 would weaken the bullish outlook. ⚡ Momentum Case – Short-term Trading Edge Strong bullish candle + RSI breakout = near-term strength. Sustaining above ₹1,780–₹1,800 could push towards higher Fibonacci levels. Heavy volume indicates short-term traders are active. 📊 Support & Resistance Levels Support Zones: ₹1,657 | ₹1,683.67 | ₹1,726.13 Resistance Zones: ₹1,794.93 | ₹1,821.27 | ₹1,863.73 📅 Short-term vs. Long-term Perspective Short-term: Stock may test resistance levels between ₹1,795 – ₹1,860 if momentum sustains. Long-term: Formation of a double bottom indicates potential for a structural trend reversal if higher levels hold. ✅ Conclusion: Coforge is showing a technical reversal pattern with strong momentum signals. 👉 The stock is at a key breakout zone — short-term traders may track resistances closely, while long-term investors can monitor the double bottom for confirmation of sustained trend change. ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:COFORGELong
by simpletradewithpatience
Unlocking Structure: Multi-Timeframe Mapping Today’s chart highlights the value of multi-timeframe analysis for structured observation. On the right (WTF), the weekly perspective provides a broad structure, showcasing a clean counter trendline and its reaction zone. A green box and magnifier zoom into this region, framing the context for the daily (DTF) chart on the left. On the DTF view, the same zone is explored in detail. Here, there's an active counter trendline (white) and a pronounced double bottom formation resting on a blue Flip zone—noted for educational reference rather than outcome prediction. Both timeframes display how structural overlaps and retests can be identified, serving as useful pattern recognition and risk management. Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:ELECONLong
by Averoy_Apoorv_Analysis
2
SBI Card | Double Bottom Breakout | Bullish BiasSBI Card is showing signs of strength on the daily timeframe, completing a double bottom pattern, a classic bullish reversal setup. The stock is expected to close positively today around ₹830, confirming breakout intentions. 🔹 RSI is hovering near 60, indicating rising bullish momentum without being overbought. 🔹 The 20 EMA is sloping upward, reinforcing the short-term bullish trend. 🔹 Watch for resistance near ₹880, which coincides with a falling window gap — a likely profit-booking and supply zone. 📌 Key Levels: Breakout above ₹830 can trigger momentum towards ₹880. ₹880 remains a crucial level to watch for follow-through or rejection. 🔔 Keep an eye on volume confirmation to validate the breakout.
NSE:SBICARDLong
by Arvind_Share_Academy
Sun Pharma – Double Bottom and Trendline Test AheadChart Summary Sun Pharma’s weekly chart shows a completed W–X–Y corrective structure. Wave W bottomed near ₹1,553.05, followed by a corrective X at ₹1,851.20, and Wave Y terminating at ₹1,556.20. This final Y-leg has unfolded as an abc zigzag, respecting the larger corrective framework. Price Action Highlights A potential structural double bottom has formed around the ₹1,553–₹1,556 zone, hinting at possible exhaustion of the correction. The latest candle is a hammer-like bar, suggesting demand stepped in around support levels. Overhead, a major downtrend resistance line connecting the highs (₹1,960.35) to the swing X (₹1,851.20) remains the decisive breakout level. A clear stop-loss line sits near ₹1,520.40, aligned with the 100% extension of Wave A inside Y. A break below this level invalidates the bullish case. Volume Perspective Recent selling has come with a volume spike, often seen during exhausation selling phases. If volume eases on follow-up candles while price holds above the support zone, it strengthens the case for a reversal. Outlook If price can sustain above the ₹1,553–₹1,556 support cluster and eventually break the trendline resistance, it may confirm the end of the corrective phase and open the door for a new impulsive sequence higher. Failure to hold the stop-loss zone, however, would negate this view and suggest further downside. 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:SUNPHARMALong
by WaveXplorer
Motherson Sumi Wiring - Double Bottom & Head & Shoulder PatternMotherson Sumi Wiring is looking for a 50% jump from current price. Following are the factors: Technical Analysis: 1. On weekly time frame, it is making a Double Bottom Pattern 2. On Weekly time frame it is making a Head & Shoulder Pattern 3. A confluence point along with strong weekly candle will take this price upwards Fundamental Analysis: 1. Strong player in harness wiring 2. Supplying in top 10 automobile models - auto sector is in strong uptrend 3. New factories - Haryana, Pune and Gujarat - already clocked 200cr from these green field projects A must in your portfolio. Keep following @Cleaneasycharts as we provide "Right Stocks at Right Time at Right Price" Cheers!!
NSE:MSUMILong
by Cleaneasycharts
3
Bikaji Foods cmp 800.05 by Daily Chart viewBikaji Foods cmp 800.05 by Daily Chart view - Support Zone 774 to 788 Price Band - Resistance Zone 825 to 840 Price Band - Pretty closely considerate Bullish Double Bottom formed - Support Zone seems like going thru testing retesting mode - Falling Resistance Trendline Breakout seems been attempted - Price momentum seem respecting the Rising Support Trendlines - Bullish Rounding Bottoms with Head & Shoulders below Support Zone - Price Breakout will sustain after closure above Resistance Zone for few days
NSE:BIKAJI
by PIYUSHCHAVDA
Atul Auto (Daily Timeframe) - Is it the Bullish reversal ??Atul Auto has been in a downtrend since the All Time High. Resistance & Support trendlines in the recent past has been respected well as marked. Today the stock BrokeOut of the angular trendline with a 17% spike and huge volume spurt. Currently the stock is encountering a key resistance. Overall the stock is in a downtrend but a bullish divergence can be seen along with short-term EMAs in positive cross-over state. Till further positive price action, a bullish trend may not be foreseen. If the stock moves in an uptrend then we might see the levels of 583 & in case of a downtrend we might see the levels of 420. Keep monitoring!!
NSE:ATULAUTO
by Learn_with_Pth0mas
TD Power Systems (Daily Timeframe) - Can it make new ATH ??TD Power made a new All Time High today with huge volume. With that last bullish candle, on daily timeframe, we observe a Double-Top which is a bearish chart pattern. The angular support trendline has been respected as indicated. Short-term EMAs are in positive cross-over state, which is an obvious scenario during Double-Top formation. We should observe how the price action plays out in the coming days to decide on the possible targets, both upside and downside.
NSE:TDPOWERSYS
by Learn_with_Pth0mas
Bikaji Foods - Double Bottom + Strong BuyingBikaji Food is standing strong in this market. Nifty falling by more than 1400 points in 2 weeks and Bikaji is holding the fort. It is heading for a 30% jump to 1000+. Other factors: 1. Made double Bottom pattern on DTF 2. Moving in a small channel and looking to move upward after a breakout 3. JV with Chaudhary Group in Nepal - boost to business 4. Best profits margins in June'25 quarter Bikaji is ready to explode and it should be in your watching for a quick trade. Targets are mentioned in the chart. Keep following @Cleaneasycharts for more such stocks - we provide Right Stocks at Right Time at Right Price. Cheers!!
NSE:BIKAJILong
by Cleaneasycharts
“Multi-Year Rally in the Making – Route Mobile”My Technical View: ---Double-bottom pattern identified – strong reversal signal. ---Long-term trendline breakout in progress, setting the stage for a huge upside rally. Upside Targets: 🎯 Target 1: +30% Upside 🎯 Target 2: +66% Upside 🎯 Target 3: 100%+ Upside Key Growth Catalysts: 1) Global Expansion – Integration with CPaaS major Kaleyra, giving presence in 100+ countries and Tier-1 clients. 2) Strong Backing – Supported by Proximus Group (Belgium), enhancing credibility & global scale. 3) Tech Edge – Partnership with Nokia for secure, carrier-grade CPaaS solutions worldwide. New Business Wins (Driving Revenue & Margins): 1) IRCTC – Enterprise communication. 2) L&T Metro – Smart ticketing. 3) Nagpur / Hyderabad / Pune Metros – Digital ticketing solutions. 4) Google RCS – Advanced messaging platform.
BSE:ROUTELong
by Jeevyog
2
NZDUSD – Breakout Confirmation with Upside Potential🔹 Pair: NZDUSD (1H, Heikin Ashi) 🔹 Entry: 0.58789 🔹 Target: 0.59084 🎯 🔹 Stop Loss: 0.58634 🛑 🔑 Trade Rationale: ✅ Double Bottom Formation – Price respected key support twice, signaling potential reversal. ✅ Breakout Above Resistance – Clean breakout above horizontal resistance (blue line). ✅ 200 EMA Retest – Price is now pushing above the EMA, adding strength to the bullish case. ✅ Volume Spike – Recent surge in buying volume supports the upside move. 📊 Trade Plan: I’m going long from 0.58789, looking for a quick move toward 0.59084. Risk is limited with a tight SL at 0.58634. This setup offers a favorable R:R with a technical confluence of breakout + pattern confirmation. ⚠️ Disclaimer: This is not financial advice. Trade at your own risk. Always use proper risk management.
Long
by Crystal_0404
CAMS | Reversal in Sight? How to Trade a Double Bottom📈 CAMS | How to Trade a Double Bottom Stock: Computer Age Management Services Ltd (CAMS) Timeframe: Daily Pattern: Possible Double Bottom (bullish reversal structure) ________________________________________ 🔹 Pattern Identification Bottom-1: 3632.40 Bottom-2: 3645 Neckline (Breakout Point): 3918 Candle Confirmation: Bullish Engulfing/Piercing on the second bottom Volume: Improving on bounce, needs stronger confirmation on breakout ________________________________________ 📘 Regular Trading Strategy (Conservative) The Double Bottom is confirmed only when price closes above the neckline with strong volume. Entry: Go long on close > 3918 preferred with volume ≥ 1.5–2× 20-DMA Measured Height: 3918 − 3632 = 286 pts Targets: 🎯 4094 (62% move) 🎯 4204 (full measured move) 🎯 4380 (161.8% Fibonacci extension) Stoploss: Below 3630 (pattern invalidation) Invalidation: Daily close below the bottoms ________________________________________ 🔹 Alternative Entries 1️⃣ Retest Entry (Safer): After breakout >3918, buy the pullback to neckline (3918–3925) if reversal candle appears. SL below retest low. 2️⃣ Early Entry (Aggressive): Trigger already seen at 3758.90 (bullish engulfing/piercing). SL below 3668. Add position if 3918 breakout confirms. ________________________________________ 📊 Key Levels Supports: 3668 | 3599 | 3554 Resistances: 3783 | 3827 | 3895 Fibonacci Zones: 3821 (23.6%) | 3921 (38.2%) | 4009 (50%) | 4096 (61.8%) | 4221(78.6%) | 4380 (100%) ________________________________________ 💡 Trading View CAMS is forming a potential Double Bottom reversal near major support. Early signs of buying are visible at 3758.9, but real confirmation will come only above 3918 neckline. Breakout with strong volume can open upside towards 4094 → 4204 → 4380. 📌 Bias: Bullish above 3750; stronger confirmation only on breakout above 3918. 📌 Risk: Invalidation below 3630. 👉 The Bullish Engulfing/Piercing candle at the second bottom MUST hold at daily close for the setup to remain valid. ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:CAMSLong
by simpletradewithpatience
COLPAL | Double Bottom Retest + Volume Breakout🚀 COLPAL | Double Bottom Retest + Volume Breakout 📌 Pattern Setup: 🔹 Double Bottom retest spotted 🔹 Bullish Engulfing candle at support 🔹 Breakout candle with strong volume surge 📊 Technical Snapshot: RSI: 58 → Healthy momentum MACD: Bullish crossover CCI: 107 → Strong positive bias Stochastic: 89 → Overbought but strong Volume: 1.22M vs 626k avg → ⚡ Breakout confirmed 🛠 Levels to Watch: 🔼 Long Entry: Above 2357.9 🔽 Stoploss: Below 2243 🎯 Targets: 2472 | 2587 📉 Pullback Buy Zone: 2291–2273 ❌ Invalidation: Below 2207 ⚡ Resistance Levels: 2382 | 2424 | 2490 ⚡ Support Levels: 2274 | 2208 | 2167 🎯 Fibonacci Zones: 2378 → 2449 → 2519 → 2619 → 2747 💡 View: COLPAL is breaking out from a Double Bottom Retest with strong volume & bullish signals. Sustaining above 2358 could open the gates towards 2472 – 2587 in the short term. 👉 Bias: Bullish till 2207 holds. ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:COLPALLong
by simpletradewithpatience
ECLERX SKYROCKETS 35%! This Pattern Signals ₹4,200 TargetNSE:ECLERX SKYROCKETS 35%, Made a Beautiful Chart Structure to Qualify for the Chart of the Week Price Action: - It experienced a powerful rally from ₹2,200 to ₹3,877 (all-time high) between July and October 2024 - Recent correction formed a descending wedge pattern from October 2024 to early May 2025 - Currently showing an explosive breakout at ₹3,301.80, up ₹852.40 (+34.80%) in this Week. - Massive single-week gain with a long bullish candle breaking above both resistance levels and the downtrend line - The weekly chart shows a strong V-shaped recovery from support Volume Analysis: - This Week's volume at 2.28M shares vs. average of 420.79K (over 5x normal volume) - Previous support bounces have also witnessed above-average volume - Extremely high volume on today's breakout suggests significant institutional participation - Volume pattern confirms the legitimacy of the price action Key Support and Resistance: - Strong support zone at ₹2,200-2,300 (green horizontal box) - tested and held multiple times over the past year - Previous resistance now likely support at ₹3,200-3,250 (green horizontal line) - Next resistance at all-time high of ₹3,877 (marked as "High") - Downtrend line (white diagonal) now broken with conviction Technical Patterns: 1. Descending Wedge Breakout- Classic bullish reversal pattern completed this week 2. Double Bottom*- Formed at ₹2,300 level in March-May 2025 3. Support Retest- Successfully retested the major support zone before the breakout 4. V-Shaped Recovery - Strong reversal indicating powerful buying interest Trade Setup: - Pattern: Descending wedge breakout with volume confirmation - Confirmation: Explosive price action and volume expansion - Context: Bullish reversal after testing major support zone Entry Points: 1. Aggressive Entry: Current price (₹3,301.80) with partial position 2. Pullback Entry: On retest of breakout level ₹2,900-3,000 3. Confirmation Entry: On consolidation and holding above ₹3,200 for 2-3 sessions Exit Strategy: - Target 1: ₹3,600 (psychological resistance) - Target 2: ₹3,877 (previous all-time high) - Target 3: ₹4,200 (pattern projection based on measured move) - Trailing Stop: 7% trailing stop after Target 1 is achieved Stop Loss Placement: - Aggressive Stop: ₹2,950 (below recent swing low) - Conservative Stop: ₹2,800 (near the breakout point of the wedge) - Pattern-Based Stop: ₹2,500 (invalidation level for the pattern) Risk Management: - Position sizing: Limit risk to 1-2% of trading capital - Risk-reward ratio: Minimum 1:1.5 for aggressive entry, 1:2 for pullback entry - Consider scaling approach: * Enter 50% position now * Add 25% on confirmation of trend (holding above ₹3,200) * Add 25% on pullback (if it occurs) - Take partial profits: 30% at Target 1, 30% at Target 2, hold remainder with trailing stop NSE:ECLERX shows a powerful technical setup with its powerful breakout from a descending wedge pattern on record volume. The price action respects key technical levels, with the stock holding major support at ₹2,200-2,300 before staging today's massive rally. The breakout above both the wedge pattern and horizontal resistance, with 5x normal volume, suggests potential for continued upside momentum toward previous highs and beyond. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ECLERXLong
by Karanshah137
12
Zee Entertainment – Wave 3/C on the Horizon?After topping near 151.44–151.70 (a neat double top), price corrected into 111.60 , completing what looks like Wave 2/B right around the 0.618 retracement. Now, signs of life are emerging: Volume has ticked higher, hinting at accumulation. RSI is forming higher lows and has regained strength above 50. The structure is shaping up for a fresh impulsive advance toward the 173–212 zone (1.0–1.618 extension). The path higher is expected to unfold as a 5-wave sequence, with Wave 3/C potentially targeting this blue zone overhead. ⚠️ Invalidation: A sustained move below 111.60 would negate this bullish sequence, opening the door for deeper correction. 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:ZEELLong
by WaveXplorer