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Double Top or Bottom

MAZDOCK – TECHNICAL ANALYSIS - W PATTERN________________________________________________________________________________ 📈 MAZDOCK – TECHNICAL ANALYSIS 📆 Date: July 4, 2025 | ⏱ Timeframe: Daily Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________________________________________________ 🔹 Price Action Zones • 🔴 Top Range: 3775 • Resistance: 3362 – 3396 – 3423 • 🟢 Bottom Range: 3077.7 • Support: 3241 – 3274 – 3301 ________________________________________________________________________________ 🔹 Chart Pattern: ✅ W-Bottom Formation A clean W-shaped reversal pattern is forming. Price is respecting demand zones and gradually forming higher lows. Neckline lies around 3369 — breakout above this may fuel further upside. ________________________________________________________________________________ 🔹 Reversal Candlestick Patterns: ⛔ No major reversal candle on 4th July 2025. ________________________________________________________________________________ 🔹 Volume Footprint: ✅ Gradual volume pickup 🚨 Watch for breakout above 3362–3396 with volume >3.5M 🔼 A successful breakout may trigger a swift move toward 3425–3520. ________________________________________________________________________________ 🔹 Trend Bias: ✅ Bullish Short-term momentum favors the bulls with sectoral tailwinds from PSU + Defense themes. ________________________________________________________________________________ 📌 What’s Catching Our Eye: • W-Bottom Pattern nearing breakout • Price reclaimed key demand zone and consolidating just below resistance • PSU + Defense theme rally adds sector momentum ________________________________________________________________________________ 👀 What We’re Watching For: • Breakout Confirmation: Daily close above 3396 with 3.5M+ volume • Pullback Re-entry: Ideal zone 3300–3310 for fresh entries • Volume Spike: Key trigger for breakout validation ________________________________________________________________________________ ⚠️ Risks to Watch: • Low volume breakout = Bull trap risk • Sector rotation or sudden weakness in PSU/Defense • Breakdown below 3240 = pattern failure & shift in bias ________________________________________________________________________________ 🔮 What to Expect Next: • ⚡ Retest of 3362–3396 range likely • 🔄 Minor consolidation / handle formation possible • 🔄 Watch for volatility near resistance (intraday fakeouts) ________________________________________________________________________________ 📊 Trade Plan (Based on Logic + Volume Confirmation) 🔼 Breakout Long Setup: • Entry: Above 3369 • Stop Loss: 3300 • Risk–Reward: ~1:1 to 1:2 📌 Why: • W-bottom breakout • Sector strength + price structure alignment • Volume >3.5M is the key trigger ________________________________________________________________________________ 🔁 Pullback Long Setup: • Entry Zone: 3305–3310 • Stop Loss: 3240 (Support 3) • Risk–Reward: ~1:1 to 1:2 📌 Why: • Tight SL near structure • Good risk-reward for early entry ________________________________________________________________________________ 🔽 Bearish Setup (Rejection from Resistance): • Entry: Below 3300 • Stop Loss: Above 3365 • Risk–Reward: ~Flexible — as per individual trader's strategy and risk appetite 📌 Why: • Rejection from neckline • Low-volume breakout = trap • Breakdown below support shifts structure to bearish ________________________________________________________________________________ ❌ Invalidation Triggers: • Daily Close below 3240 • Bearish Marubozu with volume = shift to supply pressure ________________________________________________________________________________ 📌 Intraday Supply Zones Noted (15-Min Chart): The 15-minute chart reveals the presence of multiple intraday supply zones, indicating short-term selling pressure. 🟥 Tested Supply Zone: 3337.30 – 3346.30 | SL: 3352.20 🟥 Strong Supply Zone: 3349.40 – 3358.60 | SL: 3364.50 These zones may act as resistance levels for intraday traders. Watch for price rejection or confirmation candles in these areas before planning any breakout trades. ________________________________________________________________________________ ⚠️ Disclaimer: This analysis is for educational purposes only. STWP is not a SEBI-registered advisor. No buy/sell recommendations are made. Please consult your financial advisor before trading. STWP is not responsible for trading decisions based on this post. ________________________________________________________________________________ 💬 Found this helpful? Have you caught this W-pattern early? Share your thoughts in the comments ⬇️ 🔁 Spread the insight with fellow traders ✅ Follow STWP for smart technical setups backed by volume and price action 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:MAZDOCKLong
by simpletradewithpatience
$Btc Summer Scenarios: Breakout or Breakdown?Bitcoin is currently forming higher lows, indicating bullish intent — but strong resistance around $110.6K continues to hold. There are 3 key scenarios developing: 1. Double Top Formation: If BTC faces rejection again near $110.5K, a double top may form, leading to a potential drop. 2. Bullish Breakout: A successful breakout above both resistance levels could push BTC toward $116K–$120K. 3. Bearish Breakdown: If rejection happens earlier without retesting, BTC might crash directly to a lower low around $95K–$96K. RSI indicates underlying strength, but until a decisive breakout or rejection confirms, traders should remain cautious and patient.
BITSTAMP:BTCUSD
by crypto_vulture_signals
ITC will start going downwards soonTECHNICAL INDICATORS - DOUBLE TOP PATTERN : Recently NSE:ITC has formed a double top pattern indicating strong bearish potential for the stock Double top is formed when 2 consecutive peaks are formed with a dip or low between them HANGING MAN CANDLESTICK : The stock has also formed a hanging man candlestick which denotes reversal of upward trend to downward trend Hanging man is formed when a candlestick has long lower shadow and small upper body at the top STRONG SUPPORT-RESISTANCE ZONE : The stock has also taken reversal from a very strong support-resistance zone twice in the last 1 month indicating very stong momentum for the stock to go downwards PROFIT TARGET : 411 STOP LOSS : 435
NSE:ITCShort
by peace_lover
2
NIFTY Weekly Chart – Double Bottom Breakout Analysis📌 NIFTY Weekly Chart – Double Bottom Breakout Analysis After a long corrective phase, NIFTY is forming a classic Double Bottom pattern on the weekly timeframe. This is typically a bullish reversal signal. ✅ Pattern: Double Bottom on Weekly Chart ✅ Bottom Levels: ~21,800 ✅ Neckline Resistance: ~26,200 📈 Breakout Strategy: Watch for a weekly close above 26,200 with higher volume to confirm breakout strength. ✅ Measured Move Target: ~30,600 Calculation: Neckline + (Neckline – Bottom) ≈ 26,200 + (4,400) ✅ Stop-loss Options: ATR-based stop: ~25,530 Chart-based conservative stop: ~24,500 🔎 Bias: Bullish above 26,200 with confirmed weekly close and volume expansion. 📌 Volume Note: Look for rising volume near the neckline to validate the breakout. This setup aligns with strong macro drivers such as India’s economic resilience and sector rotation into large caps.
NSE:NIFTYLong
by Punit190
USD/INR Weekly Chart Analysis 📌 USD/INR Weekly Chart – Double Top Analysis After a sustained uptrend, USD/INR is showing potential signs of a reversal with a well-defined Double Top pattern on the weekly timeframe. ✅ Pattern: Double Top (Weekly) ✅ Key Resistance: ~87.00 (tops) ✅ Breakdown Level: 83.76 (watch for confirmed weekly close below) ✅ Target Projection: ~80.76 (based on measured move) ✅ Stop-loss: ~84.70 (ATR-based level) 📉 Bias: Bearish on confirmed weekly close below 83.76 with increased selling volume. 🔎 Volume Note: Look for higher volume on breakdown to confirm selling pressure and pattern validity. ✅ Commentary: This classic double top setup suggests potential trend exhaustion after an extended move up. A weekly close below the 83.76 neckline with strong volume would strengthen the bearish signal, targeting ~80.76 in the medium term. ATR-based stop-loss placement provides tactical risk management above recent support
Short
by Punit190
1
Edelweiss - Double Bottom Reversal PatternNSE:EDELWEISS Made Beautiful Chart Structure today Before Q4 Results with Good Price and Volume action. Today's Price Action: - The stock has been in a clear downtrend since December 2024, forming a descending resistance line (white trendline) - Recently broke above this major downtrend line with strong momentum - Current price at ₹86.44, up 5.50 points (+6.80%) in today's session - The stock appears to have formed a Double bottom Pattern around the ₹75 levels, confirming a potential reversal Volume Analysis: - Volume spike visible in today's session (13.85M shares traded) - The previous volume averaged around 5.6M shares - This high-volume breakout suggests strong buying conviction - Volume confirms the price movement, adding credibility to the breakout Key Supports and Resistances: - Strong resistance zone at ₹87-90 (previous consolidation area marked by red horizontal line) - Key support established at ₹75-77 (green horizontal line) - Previous support at ₹86-87 may now act as resistance that needs to be cleared decisively Trade Setup: Entry Points: 1. Aggressive Entry: Current level (₹86.44) with partial position size 2. Conservative Entry: On breakout confirmation above ₹90 with closing price 3. Pullback Entry: If price retraces to the ₹82-83 range (previous breakout level) Exit Strategy: - Target 1: ₹95 (first resistance level) - Target 2: ₹105 (previous support turned resistance) - Target 3: ₹115-120 (major resistance zone from January-February 2025) - Trailing Stop: Consider implementing a 5% trailing stop after achieving Target 1 Stop Loss Placement: - Aggressive Stop: Below today's low (approximately ₹82) - Conservative Stop: Below the green support line at ₹75 - Double Bottom Pattern-Based Stop: Below ₹73 Risk Management: - Position sizing: Limit to 1-2% risk of total capital per trade - Risk-reward ratio: Minimum 1:1 for aggressive entry, 1:1.5 for conservative entry - Consider scaling out of position at each target level (e.g., 33% at each target) The improved price action comes after several months of decline, with the potential Double Bottom pattern suggesting a possible trend reversal if completed successfully. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if 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 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:EDELWEISSLong
by Karanshah137
8
Analyzing the Weekly Chart of NPST on NSE: A Rebound! The weekly price chart of Network People Services Technologies Limited (NPST) listed on the National Stock Exchange (NSE) offers an intriguing look at its recent market performance. As of June 25, 2025, the stock has shown a notable rebound, currently trading at INR 1,958.00 with a modest gain of +29.70 (+1.54%) and a trading volume of 18.05K. This resurgence comes after the formation of an "M" pattern, a classic technical analysis formation often associated with a potential reversal following a period of consolidation or decline. The chart, published by stocktechbot on TradingView, highlights this pattern, suggesting that investors may be witnessing a shift in momentum. A closer examination of the chart reveals the "M" pattern's key points, marked as A, B, C, and D. The pattern began with a peak at A (0.741), followed by a dip to B (0.364), a rise to C (2.912), and a subsequent decline to D (0.881). This double-top formation, characteristic of the "M" or double top pattern, typically signals a bearish reversal. However, the recent price action shows the stock breaking above the neckline, labeled as a "Fake Breakout" on the chart, indicating that the anticipated downward move may have been invalidated. This breakout suggests a potential shift to bullish sentiment, supported by the stock's current position above the trend line drawn on the weekly timeframe. The trend line, a critical tool in technical analysis, has served as a dynamic support level for NPST over the observed period. After hovering near this line, the stock appears to be rebounding, which could indicate the start of an upward trend. The chart’s annotations, including the yellow trend line sloping downward from the peak, align with the price action as it tests and holds above this level. This rebound is a promising sign for traders, as it suggests that buying interest may be increasing, potentially driving the price toward higher resistance levels in the future. Volume analysis further supports this potential bullish scenario. The chart shows a noticeable increase in volume during the breakout phase, with spikes corresponding to the price movements around points A, B, and C. This heightened activity often accompanies significant price changes and can be interpreted as confirmation of the breakout’s validity. As of the latest data, the trading volume of 18.05K aligns with the stock’s upward movement, reinforcing the possibility that NPST is gaining traction among investors. In conclusion, the weekly chart of NPST presents a compelling case for a rebound following the "M" pattern, with the stock currently stabilizing above the trend line. While past performance is not a guaranteed predictor of future results, the combination of the breakout, increased volume, and price action suggests a potential shift in market sentiment. Investors and traders should continue to monitor key support and resistance levels, such as the trend line at INR 1,958.00 and the previous high near INR 2,912.00, to gauge the stock’s next move in this evolving technical landscape.
NSE:NPSTLong
by stocktechbot
End of the Drop? Tata Motors Sets Stage for Wave 3Tata Motors has completed a clear five-wave advance from the April low of 535.75 to a high near 742, which is being marked as wave 1. After that peak, the stock entered a corrective phase and has now dropped into what appears to be an a-b-c structure (expanding flat), likely forming wave 2. The recent decline has reached the 1.618 extension of wave a, with wave c possibly ending near 672. This 1.618 level is often where deeper corrections tend to exhaust, and price has also moved below the lower edge of the Bollinger Band, which can signal short-term pressure easing. These two conditions together suggest that the current downmove may be ending. If this count is correct, the next move should be a fresh upward rally in the form of wave 3. For this idea to stay valid, wave 2 must not fall below the April low at 535.75, which serves as the key invalidation level. Until then, the setup remains constructive, with early signs pointing to a possible bounce from here. 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:TMPVLong
by WaveXplorer
Dhani BO: Ready for Its Next Rally After 80% Correction?NSE:DHANI Breakout: Is This Med/Fin Tech Stock Ready for Its Next Rally After 80% Correction? Price Action Overview: - Stock has undergone a significant correction from highs of ₹109.88 to lows of ₹47.05, representing nearly a 57% decline - Currently trading at ₹71.09 with recent bullish momentum showing +14.42% gains - Price action suggests a potential bottoming process after prolonged consolidation Volume Spread Analysis: - Significant volume spikes observed during major price movements - Recent breakout accompanied by above-average volume (4.22M vs average 30.03M) - Volume concentration during earnings announcements (marked 'E' on the chart) indicates institutional participation - Higher volume during recent uptick suggests renewed interest Key Technical Levels: Support Levels: - Primary Support: ₹50-52 zone (previous consolidation area) - Secondary Support: ₹47.05 (absolute low) - Immediate Support: ₹62-65 (recent breakout zone) Resistance Levels: - Immediate Resistance: ₹82.71 (marked horizontal level) - Major Resistance: ₹96.79-₹109.88 (previous highs zone) - Intermediate Resistance: ₹75-78 (previous resistance turned support) Base Formation: - Extended consolidation base formed between ₹50-₹68 over 4-5 months - Classic rectangle/range-bound pattern with multiple tests of support and resistance - Recent breakout from the upper boundary of this base suggests the completion of the accumulation phase. Technical Patterns: - Descending triangle pattern from February to April 2025 - Internal Flag & Pole Breakout - Recent breakout from the consolidation rectangle - Potential inverse head and shoulders formation on smaller timeframes - Rising volume during breakout confirms pattern validity Trade Setup: Entry Strategy: - Primary Entry: ₹68-₹70 (on pullback to breakout level) - Aggressive Entry: Current levels ₹71-₹72 (momentum play) - Conservative Entry: ₹65-₹67 (retest of breakout zone) Exit Levels: - Target 1: ₹82-₹85 (immediate resistance zone) - Risk: Reward 1:2 - Target 2: ₹95-₹98 (major resistance area) - Risk: Reward 1:3.5 - Target 3: ₹110-₹115 (previous highs extension) - Risk: Reward 1:4.5 Stop Loss: - Conservative Stop: ₹62 (below recent consolidation) - Aggressive Stop: ₹58 (below key support cluster) - Trailing Stop: Implement an 8-10% trailing stop after the first target achievement Position Sizing: - Risk per trade: Maximum 2% of portfolio - Position size calculation: Portfolio value × 2% ÷ (Entry price - Stop loss) - For ₹1,00,000 portfolio with ₹70 entry and ₹62 stop: Position size = ₹2,000 ÷ ₹8 = 250 shares Risk Management: - Maximum exposure to single stock: 5% of total portfolio - Sector exposure limit: 15% to financial services - Use of stop-loss orders mandatory - Position review after every 10% move in either direction - Risk-reward ratio minimum 1:2 for all trades Sectoral Backdrop: Fintech Sector Overview: - Digital lending sector experiencing regulatory scrutiny, but long-term growth prospects intact - Increasing digital adoption post-pandemic, supporting fintech growth - RBI guidelines on digital lending create compliance costs but also barriers to entry - Consolidation is expected in the sector, favouring established players Industry Trends: - Growing smartphone penetration is driving digital financial services adoption - The government push for financial inclusion through digital means - Rising interest rates are impacting borrowing costs but improving net interest margins - Increasing focus on data analytics and AI-driven lending decisions Fundamental Backdrop: Company Overview: - Dhani Services operates in the digital financial services space - Diversified business model including lending, insurance, and investment services - Strong technology platform enabling scalable operations - Focus on serving underbanked population segments Recent Developments: - Quarterly earnings showing revenue growth trajectory - Management focuses on improving asset quality and reducing NPAs - Strategic partnerships for expanding product offerings - Regulatory compliance improvements undertaken Financial Health Indicators: - Need to monitor debt-to-equity ratios given the lending business nature - Asset quality metrics are crucial for long-term sustainability - Revenue diversification, reducing dependence on single income streams - Technology investments supporting operational efficiency Catalyst Factors: - Potential regulatory clarity on digital lending norms - Expansion of credit underwriting capabilities - Strategic alliances or acquisition opportunities - Improved economic conditions support loan demand Risk Factors: - Regulatory changes in the fintech space - Competition from established banks entering the digital space - Credit risk in unsecured lending segments - Technology and cybersecurity risks - Dependence on external funding for growth capital My Take: This technical setup suggests a potential medium-term opportunity with proper risk management, though investors should monitor both technical levels and fundamental developments closely. 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:DHANILong
by Karanshah137
12
RKF Massive Breakout After 6-Month Consolidation.NSE:RKFORGE Hidden Auto Component Gem Ready for Massive Breakout After 6-Month Consolidation, after Breaking out Today With King Candle and Volumes. Price Action: - Current Price: ₹656.75 (+9.37% gain) - Trading Range: ₹553.00 - ₹1,020.00 - Market Cap Category: Mid-cap stock with decent liquidity - Chart Pattern: Extended consolidation phase with recent breakout attempt Support and Resistance Levels - Primary Resistance: ₹760-780 zone (red horizontal line) - Secondary Resistance: ₹1,020 (previous high) - Immediate Support: ₹620-640 zone - Major Support: ₹553-580 zone (green horizontal rectangle) - Critical Support: ₹553 (52-week low) Base Formation: - Base Type: Rectangle/Sideways consolidation base - Duration: Approximately 6 months (January 2025 to June 2025) - Base Depth: ~45% correction from highs - Base Quality: Tight consolidation with reduced volatility - Breakout Characteristics: Recent volume spike suggests potential base completion Technical Patterns: - Rectangle Pattern: Clear horizontal support and resistance boundaries - Volume Accumulation: Declining volume during consolidation, spike on recent move - Flag Formation: Potential bull flag pattern forming at current levels - Double Bottom: Possible formation around ₹553-580 support zone Volume Spread Analysis - Volume Characteristics: 21.57M shares traded (above average) - Volume Pattern: Higher volume on up days, lower on down days - *Accumulation Signs: Volume spike coinciding with price breakout attempt - Volume Confirmation: Recent breakout supported by increased participation Trade Setup: Entry Strategy: - Primary Entry: ₹650-665 (current levels on pullback) - Aggressive Entry: ₹680-690 (on breakout above resistance) - Conservative Entry: ₹620-630 (on retest of support) Exit Levels: - Target 1: ₹750-760 (15% upside) - Target 2: ₹850-880 (30% upside) - Target 3: ₹980-1,000 (50% upside) Stop Loss Levels: - Tight Stop: ₹620 (5% risk) - Swing Stop: ₹580 (12% risk) - Position Stop: ₹550 (16% risk) Position Sizing: - Conservative Allocation: 2-3% of portfolio - Moderate Allocation: 4-5% of portfolio - Aggressive Allocation: 6-8% of portfolio (for risk-tolerant investors) Risk Management: - Risk-Reward Ratio: Minimum 1:2 for all entries - Portfolio Risk: Maximum 2% portfolio risk per position - Position Monitoring: Weekly review of technical levels - Profit Booking: 25% at Target 1, 50% at Target 2, remainder at Target 3 Sectoral Backdrop: Auto Components Sector Overview - Sector Performance: Recovery phase post-COVID disruptions - Growth Drivers: EV transition, export opportunities, aftermarket demand - Challenges: Raw material inflation, supply chain disruptions - Government Support: PLI schemes, Make in India initiatives Forging Industry Dynamics - Market Position: Specialised manufacturing with high entry barriers - Demand Drivers: Commercial vehicle recovery, export growth - Competitive Advantage: Technical expertise, established client relationships - Cyclical Nature: Linked to auto industry cycles and capex spending Fundamental Backdrop Company Overview - Business Model: Automotive forging components manufacturer - Key Clients: Major OEMs in domestic and international markets - Product Portfolio: Crankshafts, connecting rods, front axle beams - Manufacturing Facilities: Multiple locations with modern equipment Financial Health Indicators - Revenue Growth: Recovery trajectory expected post-consolidation - Margin Profile: Improving operational efficiency - Debt Levels: Manageable debt-to-equity ratios - Cash Flow: Positive operating cash flow generation Growth Catalysts - Export Expansion: Increasing share in global supply chains - Product Diversification: Entry into new automotive segments - Technology Upgrades: Investment in advanced manufacturing - Market Recovery: Commercial vehicle segment revival Risk Factors - Cyclical Demand: Vulnerability to auto industry downturns - Raw Material Costs: Steel price volatility impact - Competition: Pressure from low-cost manufacturers - Regulatory Changes: Environmental and safety compliance costs My Take: NSE:RKFORGE presents a compelling technical setup after a prolonged consolidation phase. The stock appears to be breaking out from a well-defined base with strong volume support. The risk-reward profile is attractive for medium-term investors, with clear support and resistance levels providing good trade management opportunities. However, investors should remain mindful of the cyclical nature of the auto components sector and size positions accordingly. 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:RKFORGELong
by Karanshah137
15
Double Bottom but Failed Breakout Retest | Daily Time Frame📉 OBEROI REALTY LTD – Double Bottom but Failed Breakout Retest 📅 Date: April 28, 2025 📈 Timeframe: Daily Chart 🔍 Stock: Oberoi Realty Ltd (NSE) 📌 Technical Overview: A Double Bottom pattern was formed indicating bullish reversal potential. Price attempted a breakout above the neckline near ₹1704.25, but the retest failed — price could not sustain above the breakout zone. Price is currently trading at ₹1656.80, under the trendline support. 🧩 Key Observations: ✅ Double bottom structure was confirmed. ❌ Breakout retest failed — caution needed. 📉 Watch trendline support (black line) closely — breakdown could trigger weakness. 📊 Volume during the failure was moderate (not aggressive selling yet). 🧠 Observational Bias: Weak below the trendline support. Bulls must reclaim and hold above ₹1704.25 to regain strength.
NSE:OBEROIRLTY
by simpletradewithpatience
1
Kotak Bank Remains Range-Bound Amid Breakout AttemptsTopic Statement: Kotak Bank has been trading sideways since 2021, forming a structured accumulation and distribution pattern within a broad range. Key Points: * The stock has clear accumulation and distribution zones, making channel-based trading efficient * A recent breakout attempt was met with strong resistance, forming a double top pattern and pushing the price down * The price has overextended above the 180-day EMA, contributing to the heavy resistance at the double top * Accumulating the stock near or below the 180-day EMA presents a favorable long-term opportunity
NSE:KOTAKBANK
by yogeshwar
Waves Gone Wild: Understanding Complex CorrectionsUntangling the Mystery of Complex Corrections – A Simple Walkthrough Using CUMMINS INDIA Ever wondered why the market suddenly becomes messy and confusing after a big rally? Welcome to the land of Elliott Wave corrections, where things aren't always a straight road—but if you know the signs, you won’t get lost. Let’s break it down using a real chart – CUMMINS INDIA , where we can spot all types of corrections playing out like a drama series. Step 1: Why Do Corrections Happen? Corrections mostly show up in Wave 2 and Wave 4, which come after a strong trend (Wave 1 or 3). The job of corrections is simple – to cool things down before the next move. Step 2: The Simple Ones – Flats and Zigzags Zigzags (Pattern: 5-3-5): Wave A: 5 waves Wave B: 3 waves (does not cross the start of A) Wave C: 5 waves, usually equal to or 1.618x of A Zigzags are sharp and directional – like a quick jab. Flats (Pattern: 3-3-5): All about sideways movement. The B wave often ends near or slightly above/below A’s start – forming what we call expanded flats (hello, double tops and bottoms!) C wave finishes things off with 5 waves. Flats are more chill – like the market catching its breath. Step 3: The Slow Builders – Triangles Triangles are like coiled springs. They’re made of five legs: A-B-C-D-E, all 3-wave moves. These usually show up in: Wave 4 of an impulse Y wave inside complex corrections Think of triangles as the calm before the final push. You’ll often spot them before Wave 5 explodes. Step 4: When One Correction Isn't Enough – Enter WXY Imagine the market says, “One ABC correction? Nah, let’s keep going.” WXY: Two corrections joined by an X wave. W = ABC X = ABC (a connector) Y = ABC again So it’s like: ABC + ABC + ABC Step 5: When Even That’s Not Enough – The WXYXZ Beast Sometimes the market just doesn’t want to move on. So it throws in another ABC. WXYXZ: That’s three ABC corrections, joined by two X waves. If that’s still not enough? (Yes, this happens) The whole mess becomes just Wave W of another larger correction. Fun, right? CUMMINS INDIA – The Perfect Textbook Example In the chart: You’ll see flats, zigzags, triangles, all wrapped inside a giant WXYXZ correction. It spanned months, unfolded in layers, and just maybe, it’s done now. From April onwards, the move looks impulsive (non-overlapping), hinting at a fresh trend. Or… is it just a big Zigzag in disguise? (C = 1.618 × A, remember?) Only time (and maybe a bit more charting) will tell. Final Thoughts There are amazing books, and thousands of charts to study if you’re serious about learning. "Give a man a fish, he eats for a day. Teach him how to fish, he eats for life." Trading is the same. Learn the process. Dont chase the calls. I’m just sharing what I’ve learned with this post. Hope it helps someone out there. Happy charting, and remember— no one is ever 100% right. Stay curious. Stay humble. 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:CUMMINSIND
by WaveXplorer
Aether Industries has been consolidating?Aether has been consolidating for almost a year within a falling wedge pattern, a structure that often signals the end of a downtrend. Recently, the stock has shown signs of bottoming out near the ₹740–750 zone, where it found strong demand in the past as well. • This base has now formed two key bottoms, which indicate potential accumulation by long-term investors. The volume is gradually increasing near the lower end of the wedge, which may suggest silent buying. • From a fundamental perspective, Aether operates in the specialty chemicals sector with a focus on niche products and R&D capabilities. The sector has long-term tailwinds due to India's growing role as a global chemical supplier. Aether's consistent revenue growth and expansion into new chemistries make it a structural story rather than just a trading bet. • A breakout if close above ₹757 could trigger a strong uptrend, with potential targets around ₹1,150 and even ₹1,400 in the longer term. The price would then be aligning with the company's growth potential, as the fundamentals begin to reflect in the stock price. • The risk-reward here favors patient investors willing to sit through volatility, especially if the company continues to deliver on execution. Like, comment your thoughts, and share this post Explore more stock ideas on the right hand side your feedback means a lot to me! Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
NSE:AETHERLong
by iVishalPal