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Double Top or Bottom

May 29, 2025 Nifty 50 Trading Zone 🔺 Bullish Bias If: Price sustains above 24,870: Expect move towards 24,983 (Above 10M CE zone). Target: 25,170 (Short covering may trigger). Strategy: Buy on dips above 24,870 with SL below 24,840. 🔻 Bearish Bias If: Price falls below 24,670: Likely to test 24,580 and 24,534 ( PE zones). Break below 24,440 opens downside to 24,397 (unwinding zone). Strategy: Sell on rise below 24,670 with SL above 24,720. ⚖️ Neutral/Bounce Zone: Between 24,710 – 24,870: Choppy moves expected; avoid fresh positions unless breakout confirms. 📌 Key Levels to Watch: Breakout Level (Upside): 24,870 Breakdown Level (Downside): 24,670 Major Support: 24,397 Major Resistance: 25,170
NSE:NIFTY
by mayuraj_820
2
Knowledge Marine & Engineering WorksThe long-term financing plan for the maritime industry was presented by Union Finance Minister Nirmala Sitharaman on February 1, 2025. As informed, the Government of India will contribute up to 49 percent to the fund, with the private sector, port authorities, financial institutions and other government entities covering the remainder of the sum. The financial assistance will be provided via equity or debt securities, according to the government. Objectives of the new fund are: Development of new and modernization of existing ports; Financial aid for green shipping initiatives; Investments in ship repair facilities to make India a global shipping hub; Encouragement of technological innovation in maritime logistics & fleet efficiency. As per the government, the MDF is primarily intended for financing ship acquisitions, in line with the country’s strategy to increase the share of Indian-flagged vessels to 20% by 2047. What is more, the enriched domestic fleet would reduce dependency on foreign ships and improve the balance of payments, contributing to India’s strategic interests. The Union Budget also provided a ‘shot in the arm’ to India’s domestic shipbuilding industry after it announced new mega shipbuilding clusters in the country in an effort to increase the range, categories, and capacity of ships. The proposed allocation of ₹6,100 crore ($700 million) aims to support India’s existing shipyards in upgrading, modernizing, and automating their operations, enhancing efficiency, utilization, and overall output. Furthermore, the Union Budget has extended the Shipbuilding Financial Assistance Policy (SBFAP) 2.0, aimed at providing direct financial subsidies to Indian shipyards. This initiative seeks to help in securing orders by offsetting operational cost disadvantages, thereby strengthening the domestic shipbuilding industry. “It is reassuring to see that the budgetary initiatives for India’s marine sector are focused on unlocking its vast potential and enhancing existing assets through upgrades, modernisation, and automation. A key highlight is our ministry’s development of new shipbuilding clusters of 1.0 to 1.2 Million Gross Tonnage (GT) each,” Sarbananda Sonowal, The Union Minister of Ports, Shipping & Waterways, commented. “This strategic push is crucial in realising India’s vision of becoming a $30 trillion economy by 2047. By leveraging the Public-Private Partnership (PPP) model, the scheme is designed to attract private investment, promote modernisation, and advance green technologies. These efforts will enhance India’s global competitiveness, drive sustainable growth, and solidify its position as a leading Global Maritime Hub.” Another innovative scheme announced in the budget is the shipbreaking credit note to promote the circular economy. This scheme incentivizes ship scrapping by issuing a credit note of 40% of the scrap value which can be reimbursed to buy new ‘Made in India’ ships. Finally, large ships will be now accounted as infrastructure assets, enabling easy access to long-term financing and tax incentives. This will help attract private investments in the maritime sector and enhance fleet modernization, according to the government.
NSE:KMEWLong
by CannySunny
Confidence Petrol ltd., Looking good ; min 50% Roi ; swingFor short term investment ; Leave a " Like If you agree " .👍 . Wait for small retracement & daily candle to close above - "57.50" . Trade carefully untill ENTRY level. . Entry: 57.5 Target: 61-66-73-81 sl: 53 major stoploss/ support: 44.5. . Enter only if market Breaks and retrace and support above "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:CONFIPETLong
by TheNuraTrading
Gabriel India -Double Bottom Breakout!📊 Gabriel India - Positional Breakout Trade 🔍 Technical Overview: ✅ Trend: Strong uptrend, followed by a 32% correction and a double bottom formation . ✅ Breakout Confirmation: Cleared ₹565 resistance with strong volume. ✅ Key Levels: Entry: Above ₹600 (Earlier breakout was at ₹565) Stop Loss: ₹475 (Closing basis) 🔻 Positional Target: ₹824 (Tentative) 🎯 ✅ Moving Averages: Trading above key DMAs, indicating strength. ✅ Market Condition: Stock is breaking out early as markets show signs of recovery. ⚠ Risk Management & Position Sizing: Risk per trade: More than 20%, so position sizing is 🔑. Recommended Approach: Enter 25% now and accumulate on retest. Do NOT go all-in – respect SL at all costs! 🚨 Current market structure: Still in LL-LH (Lower Low - Lower High). This could be a counter-trend pullback or a bull trap—stay cautious. 📈 Fundamental Overview: Market Cap: ₹8,463 Cr Current Price: ₹589 52W High/Low: ₹598 / ₹326 P/E Ratio: 40.2 Book Value: ₹74.9 Dividend Yield: 0.68% ROCE: 26.7% ROE: 19.6% Debt-Free Company 💰 Sales, EPS, and Profits improving YoY 📈 🛑 Final Thoughts: Market concerns still exist—we don’t know if this is the bottom or a reversal yet. Control FOMO! Watch for market confirmation before adding aggressively. If you struggle with risk management, sit on the sidelines—waiting is also a trade. ⚠ Disclaimer: This is NOT financial advice. Trade at your own risk and follow your own risk management rules. 📉📈
NSE:GABRIELLong
by sagartharayil
UNIONBANK – Positional Breakout SetupPattern: Double Bottom | W Pattern Inside Channel Trend: HH-HL Structure | Trading Inside Ascending Channel Volume: Noticeable Build-Up DMAs: Trading Above Key DMAs Stage: Aiming for Stage 2 Breakout The stock is forming a double bottom (W pattern) inside a well-respected ascending channel, with a clean higher high–higher low structure and visible volume build-up. It's now trading above key DMAs, hinting at underlying strength. With price approaching a key breakout zone, it looks primed for a potential Stage 2 continuation. 🔔 Trade Plan Entry: ₹143.38+ (on breakout and daily close above) Stop Loss: ₹121.74 (closing basis ) Target 1: ₹151.72 Target 2: ₹172.83 Risk–Reward Insight 🎯 Risk from entry to SL is ₹21.64. Reward to Target 1 is ₹8.34 (~1:0.38) Reward to Target 2 is ₹29.45 (~1:1.36) While T1 gives a conservative move, the bigger play lies in T2 — the upper edge of a 1-year trading range. This is where smart money tends to scale in. 💡You don’t have to go full throttle on day one. ✅ Consider buying a test quantity above ₹143.38 to assess breakout strength. If the move confirms with strong follow-through and volume, you can look to add on dips or above T1 with a tighter trailing SL. This approach helps you ride trends without overexposing yourself early. The key is to stay mechanical and let the setup prove itself. ⚠️ Risk Management is Non-Negotiable Never ignore your stop loss. Don't chase. Stick to your plan and size positions according to your risk appetite. This setup looks technically clean — but remember: even the best setups fail without confirmation. Let price and volume lead the way. 📌 Disclaimer: This is not investment advice. I am not a SEBI-registered advisor. All content is for educational purposes only. Please do your own analysis and always trade responsibly.
NSE:UNIONBANKLong
by sagartharayil
4
PARAMOUNT COMA LTD📊 PARAMOUNT COMA LTD (1D) – CMP ₹60.08 📅 Date: May 20, 2025 📈 Exchange: NSE 📌 Ticker: PARACABLES 🧠 Technical Analysis Overview ✅ Bullish W-Pattern (Double Bottom): Price has formed a strong W-pattern, also known as a double bottom, indicating a potential trend reversal. The neckline breakout above ₹58.00 confirms bullish momentum. ✅ Downtrend Breakout: The long-term falling trendline has been broken decisively with strong bullish candles and increasing volume – a classic reversal signal. ✅ Volume Spike: Breakout has occurred with significant volume (1.98M), confirming the strength of the move and hinting at potential institutional entry. ✅ Fibonacci Retracement Levels: 🔶 38.2% – ₹65.69 🟩 50.0% – ₹72.36 🟩 61.8% (Golden Ratio) – ₹79.03 💡 Price Action Strategy 🧱 Key Support & Resistance Levels 🟩 Support ₹58.00 – Previous neckline breakout level ₹50.00 – Mid-range base level 🟥 Resistance (Fibonacci-based) ₹65.69 – 38.2% ₹72.36 – 50% ₹79.03 – 61.8% Golden Ratio 📌 Conclusion PARAMOUNT COMA LTD has triggered a strong breakout after forming a W-pattern and clearing a key trendline. With volume confirmation and upside potential toward Fibonacci levels, this could be a promising swing trade setup. Retesting ₹58 zone could offer a perfect entry opportunity. 📌 Disclaimer: This is for educational purposes only. Not financial advice. Always do your own research or consult a financial advisor.
NSE:PARACABLESLong
by PriceAction_Pulse
SARDAEN - Breakout WatchlistWhy This Stock? ✅ Base Breakout – Breaking above ₹526.2 with strong volume confirmation (4-5x past trading sessions). ✅ Trading Above Key DMAs – Strong price structure with good RSI. ✅ No Left-Side Resistance – Clean chart structure with potential for an uptrend. ✅ Formation of W Pattern + VCP – Classic bullish continuation setup. ✅ Resisted Market Fall – Showcasing relative strength despite overall weakness. Safe traders wait for a weekly close above the break-out level ₹526.2. Key Levels 📌 Entry: ₹538.50 📌 SL (Closing Basis): ₹423.10 📌 Breakout Level: ₹526.2 Fundamentals (Key Metrics) Market Cap: ₹18,979 Cr. Stock P/E: 27.9 ROCE: 15.3% ROE: 14.1% Sales Growth (YoY): Improving OPM % YoY Improving EPS YoY: Improving. What Could Go Wrong? ⚠️ Overall Market Trend is Bearish – Any weakness in broader indices can drag the stock down. ⚠️ Sectoral Index is Weak – Lack of sectoral strength may limit upside potential. ⚠️ High SL Probability – Strong pullbacks can invalidate the breakout; hence, buy test quantities only. ⚠️ Deep SL Why This is Worth Watching? 📈 Stocks that Fell Less in Correction – Often become early movers when the market stabilizes. 📈 Volume Picking Up – A good sign that institutional interest might be present. 🚨 Disclaimer: This is not a trade recommendation but a watchlist alert. Do your own research before making any trading decisions. 🚨
NSE:SARDAENLong
by sagartharayil
2
Strides Pharma - Volumes Backing a Breakout?Daily Timeframe Analysis The setup is heating up and now we’ve got volume profile data to back it. The price is hovering around ₹666.10, and it looks like it's building strength for a bigger move. 🔹 Key Observations: Price is compressing under a falling trendline (descending triangle or wedge). Strong volume node around the ₹650–₹675 zone. This means a lot of trading activity happened here — a key decision area. Fibonacci projections suggest targets as high as ₹984.00, which is a +40% upside. Breakout confirmation above ₹692.75 (61.8% level) can trigger a rally. 🔹 Important Levels: 📍 Resistance: ₹692.75 → ₹741.65 → ₹804.00 → ₹984.00 📉 Support: ₹624.00 → ₹581.50 → ₹530.00 → ₹515.20 📊 Volume Insight: The visible range volume profile shows most trading volume has happened below the current price, which is bullish. If the price breaks above the current squeeze, it might fly with less resistance overhead. 🧠 Thought: This chart is a coiled spring. If bulls push above ₹692 with momentum, this might become a quick swing to ₹740+, and maybe more in the short to medium term. 📝 #StridesPharma #BreakoutSetup #VolumeProfile #SwingTrade #IndianStocks
NSE:STARLong
by iVishalPal
BDL – Weekly W-Pattern + Sector Strength + Volume Surge 📈 BDL – Weekly W-Pattern + Sector Strength + Volume Surge = High-Potential Positional Setup BDL is showing textbook technical confluence at the right time: Sector: Defence index at all-time highs Stock: BDL forming a clear double bottom (W-pattern) over several months Weekly breakout underway with strong green candle and volume confirmation Structure: Rounded base, higher lows, long support holding strong Price just broke key levels with momentum — setup for multi-leg positional rally 🧠 Technical Highlights ✅ W-pattern (double bottom) over weekly chart confirms accumulation & reversal ✅ Price breakout from neckline zone around ₹1,525+ ✅ Clean structure with support zone holding for 8+ months ✅ Volumes rising with the breakout — early signs of trend continuation ✅ Defence sector tailwind active 🧮 Setup Overview Entry Zone ₹1,530–₹1,540 Stop Loss (SL) ₹1,293.95 ATH Resistance ₹1,799.45 Target (Positional) ₹2,363.55 SL % −15.38% Target % +54.34% Risk : Reward 1 : 3.5 📊 Strategy Recommendation Add 30–40% position now Add more on clean ATH breakout or base retest with volume Avoid full position in one shot — shakeouts possible on weekly charts too Let volume lead the move — don’t pre-empt full size ⚠️ Cautionary Note: While the setup is structurally strong, remember: Markets are still volatile Sudden sector pullbacks or macro headlines may affect entries Stick to position sizing and respect your stop loss 📌 Summary BDL is setting up for a high-reward positional breakout fueled by a confirmed W-pattern, sector momentum, and volume surge. Structure is tight, risk is defined, and the upside potential is significant. 📉 Disclaimer: This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage risk as per your capital and style.
NSE:BDLLong
by sagartharayil
BEL – Sector Strength + Double Bottom + Volume Thrust 📈 BEL – Sector Strength + Double Bottom + Volume Thrust = A Setup Worth Tracking The India Defence Index just broke into new all-time highs, possibly driven by rising geopolitical tensions — but beyond the headlines, the sector remains structurally strong. BEL (Bharat Electronics Ltd) is showing powerful confluence: A double bottom breakout Sectoral support Rising volumes Key moving averages reclaimed All of this sets up a technically sound positional opportunity. 🧠 Technical Highlights ✅ Stock trading above key DMAs ✅ Volume picking up — watch for 4x–5x surge to confirm strength ✅ ATH at ₹339.90 may act as resistance; clean breakout above it = add/fresh entry ✅ Defence sector index at ATH – macro tailwind active 🧮 Setup Overview Entry Zone ₹32.7 Stop Loss (SL) ₹287.65 ATH Resistance ₹339.90 Target (Positional) ₹399.10 SL % -10.09% Target % +24.72% Risk : Reward 1 : 2.45 🧭 Suggested Strategy 🔄 Add 30–40% at breakout 🧘 Wait for pullback or retest to add more 🚫 Avoid chasing — shakeouts are very likely 🧠 Gradual accumulation + disciplined risk management > FOMO 📊 Volumes should confirm — clean candle with strong demand = green signal ⚠️ Final Note: We are not entirely out of danger — markets can throw brutal pullbacks and false breakouts. Defensive positioning, proper sizing, and exit planning are essential. 📉 Disclaimer: This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage risk as per your trading style.
NSE:BELLong
by sagartharayil
HFCL Ltd – Order-Block Rally in Play?Timeframe: Daily | CMP: ₹81.90 Key Zones: 🟢 Demand Zone: ₹72–₹75 (multiple pin-bars & buys) 🟡 Order-Block Resistance: ₹85–₹88 (prior supply area) 🔴 Major Supply Zone: ₹110–₹112 (big block of sellers) What’s Happening? Strong Bounce: Price hit the ₹72–₹75 support twice and rallied sharply—classic demand‐zone confirmation. Projected Path: Green arrow shows a likely move into the order-block at ₹85–₹88, where institutions tend to sell. Pullback & Secondary Swing: After tagging ₹88, expect a mild pullback into ₹82–₹85 before a second leg higher toward ₹110. Trade Plan Aggressive Entry: ₹80–₹83 on dips. Primary Target: ₹88 (first profit-book). Secondary Target: ₹110+ for swing holds. Stop-Loss: Below ₹72 (daily close). 💡 Why This Is Smart Money Setup Order-Block Trade: Institutions accumulated at demand, will distribute at supply. Clear Risk Zones: Defined stop below ₹72 and first resistance at ₹88. High Reward/Risk: > 2:1 upside vs risk. 💬 Your Take? Do you see HFCL riding this order-block bounce? Drop your comments below! 👇 #HFCL #OrderBlock #TechnicalAnalysis #DemandZone #SwingTrade #ChartPatterns #SupplyDemand #SmartMoney #PositionalTrading #PriceAction
NSE:HFCLLong
by iVishalPal
Piramal Enterprises| VCP traits | Breakout on volume📈 PEL | Piramal Enterprises Ltd Multi-month base | VCP traits | Breakout on volume watch 🔍 Technical Highlights: Volume spurt: 5x relative to recent sessions – clear institutional interest 🧠 Bullish engulfing candle on 7 May 2025, signaling a strong reversal attempt Closed above 200 DMA, trading above 50 DMA, and just above 30 WMA – early signs of trend re-alignment Price is forming a VCP-like structure within a Stage 1 base Breakout is aligning with a Higher High–Higher Low (HH–HL) structure Took support at a rising trendline that’s been respected since April 2023 ⚠️ Key Risk Considerations: Fundamentals are weak – poor ROE & ROCE, and RSI is unimpressive Broader market is not supportive — Nifty 500 is still below 200 DMA This may be an early breakout attempt — confirmation is everything No clean follow-up yet post breakout day – wait for continuation 🧭 Why Watch This? Despite fundamental weaknesses, technicals are improving rapidly: Volume is stepping up Price is testing long-term moving averages Structure is getting tighter (VCP traits visible) A clean breakout and follow-through above ₹1,075–₹1,140 could unlock Stage 2 potential 🎯 Trade Levels: Entry: Above ₹1,075.6 (confirmation required) SL (Closing Basis): ₹895.2 Positional Target 1: ₹1,276 Positional Target 2: ₹1,658 ATH Review Zone: ₹1,761 💰 Risk–Reward Risk = ₹1,075.6 – ₹895.2 = ₹180.4 Reward to T1 = ₹1,276 – ₹1,075.6 = ₹200.4 → R:R = 1 : 1.11 Reward to T2 = ₹1,658 – ₹1,075.6 = ₹582.4 → R:R = 1 : 3.23 🛡️ Trader's Note Position sizing is not optional — it's your only protection. This is a setup driven by volume, structure, and levels — not by fundamentals. If this breakout holds, momentum traders may pile in — but don’t front-run it blindly. 📌 Quarterly results are around the corner — trade with caution as earnings volatility can invalidate technicals. 📌 If price reaches ATH, review for new risk-reward alignment and partial booking. 📜 Disclaimer: This is a technical perspective, not investment advice. For educational purposes only. Trade safe, trade smart.
PLong
by sagartharayil
TIINDIA – Fundamental View with Technical TriggersTube Investments of India Ltd (TIINDIA) has been a notable player in the Indian engineering sector, with a diversified portfolio spanning automotive components, bicycles, metal-formed products, and precision steel tubes. As of April 2025, the stock has experienced significant volatility, prompting investors to closely examine its fundamentals and technical outlook. 📊 Fundamental Overview Valuation Metrics: Price-to-Earnings (P/E) Ratio: Approximately 61.5, indicating a premium valuation compared to industry peers. ​ Price-to-Book (P/B) Ratio: Around 9.4, suggesting the stock is trading at a high multiple of its book value. ​ Earnings Per Share (EPS): ₹42.43, reflecting the company's profitability. ​ Financial Performance: Revenue (TTM): ₹182.5 billion. ​ Net Income (TTM): ₹8.13 billion. ​ Gross Margin: 31.38%. ​ Net Profit Margin: 4.45%. Tube Investments of India Ltd (NSE: TIINDIA) is exhibiting a classic double bottom pattern on the daily chart, signaling potential reversal strength. While fundamentals reflect a strong industrial play with high valuation multiples, the technical setup suggests a critical moment for traders to watch. 📉 Technical Analysis (Daily Timeframe) Pattern: Double Bottom Neckline Breakout Zone: ~₹2,967.50 Current Structure: The stock has formed a double bottom and is now consolidating near the neckline, awaiting a decisive breakout. 🟨 Immediate Supply Zone: ₹3,089 – ₹3,180 This zone is expected to act as a resistance barrier. A rejection from here is possible on the first test, especially if volume doesn’t confirm the breakout. 🟩 Support Zone (Bottom Reversal Area): ₹2,632 – ₹2,755 If rejection occurs at the supply zone, this region may provide buy-on-dip opportunities. Historically respected as a strong demand zone. 🔺 Major Resistance Levels (Above Breakout): ₹3,410 (first major breakout target) ₹3,690 (medium-term resistance) ₹4,158 (long-term breakout target) 📌 Conclusion TIINDIA is at a make-or-break juncture on the charts. A decisive breakout above ₹3,180 could drive strong upside momentum toward ₹3,410 and beyond. However, traders should watch for a rejection near the supply zone and possible retest of the lower support band before a confirmed move.
NSE:TIINDIA
by Alice Blue
ICICI Bank-Aiming for Double Bottom Breakout?ICICI Bank – Technical Analysis & Trade Plan 📈 Trend Analysis: Stock is in a strong uptrend with a higher high, higher low (HH-HL) structure intact. Consolidating since September 2024, forming a base. Double bottom formation visible, with a potential VCP (Volatility Contraction Pattern) at play. Trading above key DMAs, confirming strength. Sectoral strength: Finance & banking showing momentum and could lead the next market move. 📊 Market Context: Broader market is showing slight improvement but still in a lower low, lower high (LL-LH) structure. Index closed above 50 DMA, gaining some momentum, but another round of correction cannot be ruled out. The main reason for selecting this stock is strong sector movement. 🔍 Trade Plan: ✅ Entry: Above ₹1,328 🚨 Immediate Resistance: ₹1,363 📌 Add more: If ₹1,363 is broken with strong volume 🎯 Positional Target: ₹1,555 ❌ Stop Loss (SL - Closing Basis): ₹1,180.45 📉 Risk & Reward Calculation: Risk (SL to Entry): ₹1,328 - ₹1,180.45 = ₹147.55 (~ 11.11% downside risk) Reward (Entry to Target): ₹1,555 - ₹1,328 = ₹227 (~ 17.1% upside reward) Risk-to-Reward Ratio (R:R): 1:1.54 (Moderate reward vs. risk) ⚠️ Risk Considerations: Overall market still in LL-LH structure → Could just be a pullback within a broader downtrend. Position Sizing Key: Consider entering only 30% of the usual position size. Gradual accumulation near ATH (All-Time High) levels is a wise approach. 📢 Disclaimer: This is not financial advice. Trading involves risk, and past performance does not guarantee future results. Always do your own research and use proper risk management .
NSE:ICICIBANKLong
by sagartharayil