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Double Top or Bottom

OPTIEMUS Price ActionOptiemus Infracom Limited (OPTIEMUS) is currently trading around ₹608 as of August 2025. The stock has shown a strong recent performance, gaining approximately 4% in the latest trading sessions, with daily price ranges between ₹585 and ₹625. Over the past year, the stock price has fluctuated substantially, with a 52-week low near ₹378 and a high nearing ₹874. The current price sits closer to the mid-to-upper end of this range, indicating a recovery from lows but still beneath recent highs. Financially, Optiemus Infracom has an earnings per share (EPS) of about ₹7.58. The price-to-earnings (PE) ratio stands elevated, above 80, which highlights strong market expectations for future growth or reflects a premium valuation often seen in technology or telecom-related firms. The price trades above its 50-day average (~₹609) and 200-day average (~₹595), indicating a positive medium-term trend. Volume levels are moderate, consistent with stable investor interest. While the stock has seen volatility, the trajectory suggests a gradual uptrend supported by its core business segments in electronics and telecommunications infrastructure. Key support is seen around ₹580, while resistance near ₹630 could test the strength of the ongoing rally. In summary, Optiemus Infracom is positioned in an upward trading range with strong growth expectations, but valuation is relatively high, which should be monitored alongside company earnings and sector dynamics for future moves.
NSE:OPTIEMUSLong
by KamalKJoshi
1
Gold form double top bearish pattern,Bearish Patterns Annotated: Double Top: A classic bearish reversal pattern resembling an "M" shape. It occurs when price hits resistance twice at similar levels (here, approximately $3,437 and $3,448 in July and August) and fails to break higher. This signals potential exhaustion of buyers and a shift to sellers. Evening Star: A three-candle bearish reversal pattern marked near the recent high. It typically consists of a large green candle (up day), followed by a small-bodied candle (indecision), and then a large red candle closing below the midpoint of the first candle. This suggests bulls are losing control. Engulf Candle (Bearish Engulfing): A red candle that completely "engulfs" the body of the prior green candle, indicating strong selling pressure overriding previous buying. It's marked near the top, reinforcing the reversal theme. Opportunity: - As per chart it can short 3380-3350 with stop loss 3400 above for the targets of double bottom pattern 3260 and 3160.
TVC:GOLDShort
by tradetechnicalanalyst
Route Mobile Bottomed-out for Highest UpsideMy Stock View and Opinion: Double-bottom pattern identified, Huge upside potential as enterprise communication continues to evolve globally. Strategic Moves: 1) Successful integration with global CPaaS major Kaleyra, unlocking access to 100+ countries and Tier-1 enterprise clients. 2) Backed by Proximus Group (Belgium), enhancing global reach and enterprise credibility. 3) Collaboration with Nokia to deliver secure, carrier-grade CPaaS services to telecom operators globally. Strong execution capabilities, strategic partnerships with global telecom leaders, scalable SaaS-driven model, and growing demand for digital engagement platforms position Route Mobile for sustained multi-year growth.
BSE:ROUTELong
by Jeevyog
RELIANCE 1D TimeframeStock Data (1D Time Frame) Current Market Price: ₹1,403 – ₹1,405 (Approx.) Change Today: ▼ Down ~1.5% Previous Close: ₹1,425 Day’s High: ₹1,427 Day’s Low: ₹1,398 52-Week High: ₹1,551 52-Week Low: ₹1,115 🧾 Intraday Performance Summary Reliance opened mildly negative and continued a downward trend due to broader market weakness. The stock touched an intraday low near ₹1,398 as profit-booking continued post its recent rally. Despite reporting record profits in Q1, investor sentiment remains cautious due to underperformance in its Oil-to-Chemicals (O2C) and Retail segments. 🧠 Technical View (1-Day Time Frame) Indicator Status Trend Short-term Weak/Bearish RSI (Relative Strength Index) Near 45 – slightly weak Support Level ₹1,390 – ₹1,350 zone Resistance Level ₹1,430 – ₹1,470 Volume Above average during dips Stock is trading below key moving averages (20 and 50 DMA). Break below ₹1,390 may lead to further correction toward ₹1,350. Upside momentum may resume only if it breaks and sustains above ₹1,430–₹1,440 levels. 🧮 Fundamental Insights 💼 Q1 FY26 Highlights: Net Profit: Around ₹30,783 crore, helped by a one-time gain from stake sales. Core Business Growth: Adjusted profit growth (excluding exceptional items) is about 25% year-over-year. Retail & O2C: Both divisions saw margin pressure despite revenue growth. Jio Platforms: Continued to show strong performance through ARPU improvement and subscriber growth. New Energy Segment: Investment in green energy, solar, and hydrogen tech continues to build momentum. 📈 Key Growth Drivers Ahead Jio Expansion – Increased monetization from 5G and digital platforms. Retail Scaling – Aggressive expansion through online + offline strategies. Green Energy Push – Investments in solar panels, hydrogen energy, and battery storage to become significant in 2025–26. Potential IPOs – Jio and Retail business listing possibilities can unlock value. 🛑 Risks to Watch Pressure on global refining margins may continue to affect the O2C segment. Delay in clean energy execution can lead to valuation stress. Macro market correction or FII selling could drag heavyweights like Reliance. 🔮 Outlook Short Term: Cautious-to-bearish unless ₹1,430 is reclaimed. ₹1,350 is a critical support. Medium to Long Term: Remains fundamentally strong. New growth drivers (Jio, Retail, Energy) support a positive outlook beyond 3–6 months.
NSE:RELIANCELong
by TechnicalExpress
ELGIEQUIP: Breaks Out of its Ascending Triangle PatternNSE:ELGIEQUIP Breaks Out of its Ascending Triangle Pattern: This Industrial Giant Could Be Your Next Multi-Bagger as Manufacturing Boom Accelerates Price Action: - Current Price: ₹589.75 (as of chart date) - 52-Week High: ₹752.95 - 52-Week Low: ₹401.00 - Daily Change: +₹35.95 (+6.41%) - Market Cap: ₹18,703 Cr. Volume Spread Analysis: Volume Profile Assessment: - Breakout Volume: 6.8M shares (significantly above average) - Volume Trend: Increasing volume during breakout phase - Volume-Price Relationship: Positive correlation during an uptrend - Distribution vs Accumulation: Clear accumulation pattern visible Volume Indicators: - 20-day Average Volume: 1.24M shares - Breakout Volume Confirmation: Yes (above average volume) - Volume Concentration: Higher volumes at support levels indicate buying interest My Key Technical Observations: - Stock has successfully broken out from a major ascending triangle pattern - Strong volume confirmation on the breakout day - Price action showing momentum acceleration after months of consolidation - Clear trend reversal from the March 2025 lows Pattern Recognition and Structure Analysis: Primary Pattern: Ascending Triangle Breakout - Formation Period: Jan 2025 to July 2025 (7 months) - Resistance Level: ₹570-580 (horizontal resistance) - Support Trendline: Rising from ₹401 lows in March 2025 - Breakout Confirmation: Volume spike accompanying price breakout - Pattern Target: ₹680-700 (measuring the height of the triangle base) Secondary Patterns: - Double Bottom formation at ₹401 levels (March 2025) - Flag and pennant consolidations during the uptrend - Higher highs and higher lows structure since March 2025 Key Support and Resistance: Key Resistance Levels: - Immediate Resistance: ₹600-610 (psychological level) - Major Resistance: ₹650-680 (pattern target zone) - 52 Week High Resistance: ₹750-755 (previous swing high) Key Support Levels: - Immediate Support: ₹560-570 (breakout level, now support) - Strong Support: ₹520-530 (previous consolidation zone) - Major Support: ₹480-490 (ascending trendline support) - Critical Support: ₹440-450 (50% retracement of current move) Base Formation Analysis: - Primary Base: ₹480-580 consolidation zone (7 months) - Base Characteristics: Tight consolidation with reduced volatility - Base Quality: High-quality base with multiple retests of support/resistance - Accumulation Evidence: Consistent volume during the consolidation phase Trade Setup and Entry Strategy: Primary Trade Setup - Momentum Play: - Entry Strategy: Buy on pullback to ₹570-575 (breakout retest) - Alternative Entry: Current levels for aggressive traders - Entry Rationale: Ascending triangle breakout with volume confirmation Secondary Trade Setup - Swing Trade: - Entry Strategy: Accumulate on dips to the ₹520-530 zone - Entry Rationale: Strong support zone with multiple bounce history - Time Horizon: 3-6 months Entry Levels and Execution: Aggressive Entry (Short-term): - Entry Price: ₹585-590 (current market price) - Quantity: 30% of planned position - Rationale: Momentum continuation play Conservative Entry (Medium-term): - Entry Price: ₹570-575 (breakout retest) - Quantity: 50% of the planned position - Rationale: Better risk-reward ratio Value Entry (Long-term): - Entry Price: ₹520-530 (support zone) - Quantity: 70% of planned position - Rationale: High probability support zone Exit Levels and Profit Targets: Short-term Targets (1-3 months): - Target 1: ₹620-630 (5-7% upside from current levels) - Target 2: ₹650-660 (10-12% upside) - Target 3: ₹680-690 (pattern target) Medium-term Targets (3-12 months): - Target 1: ₹700-720 (psychological resistance) - Target 2: ₹750-760 (52 Week high retest) - Target 3: ₹800-820 (extension target) Exit Strategy: - Partial Profit Taking: 25% at each target level - Trailing Stop: Implement after reaching the first target - Final Exit: Technical breakdown below key support Stop-Loss Strategy: Initial Stop-Loss Levels: - Aggressive Traders: ₹555 (5% below entry) - Conservative Traders: ₹530 (below support zone) - Long-term Investors: ₹480 (below ascending trendline) Stop-Loss Management: - Initial Risk: 5-10% of entry price - Trailing Strategy: Move stop-loss to breakeven after 5% profit - Progressive Tightening: Reduce stop distance as price advances Position Sizing and Risk Management: Position Sizing Framework: - Conservative Approach: 2-3% of portfolio - Moderate Approach: 3-5% of portfolio - Aggressive Approach: 5-7% of portfolio Risk Management Rules: - Maximum Risk per Trade: 2% of total capital - Risk-Reward Ratio: Minimum 1:2 for all trades - Portfolio Concentration: Maximum 10% in a single stock - Sector Exposure: Maximum 20% in the capital goods sector Capital Allocation Strategy: - 30% on initial breakout entry - 40% on pullback to support - 30% reserved for additional weakness Sectoral Backdrop: Capital Goods Sector Overview: - Sector Performance: Outperforming broader markets in 2025 - Government Support: PLI schemes boosting manufacturing - Infrastructure Push: Continued focus on industrial development - Export Opportunities: Growing global demand for Indian machinery Industrial Compressor Market Dynamics: - Market Size: India air compressor market valued at $1.09 billion (2023) - Growth Projection: Expected to reach $1.64 billion by 2030 - CAGR: 5.4% growth from 2024 to 2030 - Volume Growth: From 64,000 units (2023) to 120,000 units (2030) Manufacturing Sector Tailwinds: - Target Achievement: Manufacturing sector expected to reach $1 trillion by 2025 - Industrial Growth: Rapid expansion in the automotive and electronics sectors - Policy Support: Make in India and PLI schemes driving demand - Infrastructure Development: Continued capex cycle supporting industrial equipment demand Fundamental Backdrop: Company Overview: - Business: Leading manufacturer of air compressors and pneumatic tools - Market Position: Strong presence in the industrial compressor segment - Product Range: Oil-lubricated piston compressors, reciprocating compressors - Employee Strength: 2,172 employees Financial Highlights: - Market Capitalization: ₹ 18,703 Cr. - EPS (TTM): ₹11.05 - Book Value per Share: ₹58.90 - Price to Book Ratio: 10 - Dividend Yield: 0.37% Recent Performance: - Q4 FY25 Revenue: ₹ 993 crore - Q4 FY25 Net Profit: ₹102.00 crore - Annual Revenue (FY25): ₹3,510 crore - Annual Net Profit (FY25): ₹350 crore Earnings Outlook: - Next Earnings Report: July 30, 2025 (Expected) - Annual General Meeting: August 12, 2025 (Expected) - Dividend Declared: ₹2.20 per share for FY25 - Management Assessment: Economic quality in terms of earnings and margins Risk Factors and Considerations: Technical Risks: - False Breakout Risk: Potential failure to sustain above resistance - Market Correlation: High correlation with broader market movements - Sector Rotation: Risk of funds moving away from capital goods - Volume Sustainability: Need for continued volume support Fundamental Risks: - Economic Slowdown: Impact on industrial capex cycles - Competition Intensity: Pressure from domestic and international players - Raw Material Costs: Inflation in steel and component prices - Export Dependency: Global economic uncertainty affecting demand Market Risks: - Interest Rate Sensitivity: Impact of monetary policy changes - Currency Fluctuation: Export revenue exposure to forex volatility - Regulatory Changes: Potential policy modifications affecting industry - Liquidity Risk: Lower institutional participation during market stress My Take: NSE:ELGIEQUIP presents a compelling technical setup with its successful breakout from a 7-month ascending triangle pattern. The combination of strong volume confirmation, favourable sectoral tailwinds, and robust fundamental positioning makes it an attractive investment opportunity. The stock is well-positioned to benefit from India's manufacturing sector growth and the expanding industrial compressor market. The risk-reward profile appears favourable for both short-term momentum traders and long-term investors, with multiple entry strategies catering to different risk appetites. However, proper position sizing and disciplined stop-loss management remain crucial for the successful execution of this trade setup. Keep in the Watchlist and DOYR. 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:ELGIEQUIPLong
by Karanshah137
17
NZD/USD Technical Analysis 🧠 NZD/USD Technical Analysis | Smart Money Perspective Currently, the NZD/USD pair is trading around 0.5960, positioned between a well-defined resistance zone (0.6130–0.6150) and a support zone (0.5890–0.5900). Here are the key technical aspects to note: 🔹 1. Liquidity Sweep The price recently dipped below the previous swing low near 0.5900, tapping into a pool of sell-side liquidity. This move is typically seen as a liquidity grab, where institutional players push the price to trigger retail stop losses before reversing direction. 🔹 2. Double Bottom Formation The chart suggests a potential double bottom forming at the support level — a classic sign of accumulation. This pattern indicates buyers may be coming in after liquidity has been cleared, expecting a reversal. 🔹 3. Fair Value Gap (FVG) A Fair Value Gap, or imbalance, is visible between 0.5985 and 0.6015. This gap was created due to a sharp bearish move, leaving price action unbalanced. The price is now likely to retrace into this area to rebalance orders, which is typical smart money behaviour. 🔹 4. Market Structure Outlook If the double bottom confirms with a bullish break of structure above 0.5980, we could see a continuation towards: - First Target: FVG zone around 0.6015 - Second Target: Major resistance near 0.6150, where past distribution occurred ✅ Conclusion This setup integrates key smart money concepts: - Liquidity grab below support - Accumulation phase at demand - FVG as a target - Potential bullish shift in market structure Traders should keep a close watch on price action around the support zone for confirmation, such as a bullish engulfing candle or a break of recent short-term highs, before taking long positions. Targets remain at the FVG and resistance zones; however, sound risk management is crucial in case of a deeper sweep or any macroeconomic developments.
Long
by Mentor_Michael03
2
Nifty : possibility of a parallel channel break down• Nifty is trading in upward trending parallel channel for last 2 months. • Multiple datapoint has confirmed the parallel channel. • Nifty recently formed a M pattern and a lower low in 1 D time frame. • Daily close is near to bottom of the channel. • Closing below 25100 will confirm the channel break. • Possible target is 24164 which will feel the downside gap. • Wait and watch to catch the big fish. • Happy trading!!!
NSE:NIFTYShort
by trader_ghosh
Renderwithme | Bitcoin at resistance Bitcoin Price Analysis for Next Week (July 14–20, 2025)Predicting Bitcoin's price for the upcoming week involves analyzing current market trends, technical indicators, and macroeconomic factors. Based on recent data, here’s a concise analysis for Bitcoin (BTC) for the week of July 14–20, 2025. Note that cryptocurrency markets are highly volatile, and predictions are speculative. Always conduct your own research before making investment decisions.Current Market OverviewCurrent Price: As of July 7, 2025, Bitcoin is trading around $108,000–$109,420.41, with slight variations across sources. Recent Performance: Bitcoin has shown a modest upward trend, with a 0.56% increase over the past week and a 4.38% gain over the last month. It reached an all-time high of $112,000 on May 22, 2025, but recently pulled back from $110,000 due to whale transfers and macroeconomic uncertainty. Market Sentiment: Sentiment is cautiously optimistic, with the Fear & Greed Index in the Neutral zone, indicating investors are accumulating during dips. Technical indicators suggest a bullish outlook, though short-term volatility is expected. Technical AnalysisPrice Levels and Trends:Bitcoin is trading above key support levels at $106,700 and $103,709 (20-day and 50-day EMAs), with resistance at $109,800–$112,000. A weekly close above $109,000 could confirm a breakout, potentially targeting $113,500 or higher. A descending triangle pattern is noted, with a potential breakout by early August. If bullish momentum persists, $110,000 is a key resistance to watch. Failure to hold above $99,000 could lead to a retest of $94,000–$96,000. Disclaimer -- This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. #Boost and comment will be highly appreciated
by renderwithme
7
Eve-Adam Pattern Forming? A Rare Double Bottom Pattern Explained📉 Pattern Study (Not a Buy/Sell Tip/Not Forecasting anything) On the weekly chart of Mamata Machinery Ltd, we’re potentially witnessing a classic yet uncommon pattern — the Eve-Adam Double Bottom. 🔍 What is the Eve-Adam pattern? 🧑‍🦰 Eve Bottom: Broad, rounded, and forms slowly with increased volume — showing gradual accumulation. 👦 Adam Bottom: Sharp, V-shaped recovery with relatively lower volume — a quick retest signaling renewed demand. 📈 What makes this setup notable? -A clear Eve structure formed over several weeks. -Volume started rising visibly into the breakout, especially during the right-side thrust. -A possible Adam leg is being projected based on the symmetry of the pattern. 🟡 Additionally, a rounding base / cup-like structure preceded this, which may act as a broader accumulation phase. 🔄 This isn’t a forecast or trade call. It’s simply a chart observation intended for pattern study and educational analysis. 📚 Patterns like these are rare — but when supported by volume confirmation, they deserve attention from a learning standpoint.
NSE:MAMATALong
by Averoy_Apoorv_Analysis
3