HUL has given Breakout from an inverted H & S pattern.Hindustan Unilever has given Breakout from an inverted Head and Shoulder pattern on daily candle with a good volume.
Entry, SL and Target are mentioned in chart.
Also, respective index is also in positive structure which gives more assurance of the target hit.
However, one should be cautious about price being slip to SL as the Nifty has changed its structure to lower high lower low. Which may drag price downwards for short term or with momentum.
Note: This analysis is for Educational Purpose Only. Please invest of trade after consulting a professional financial advisor.
Community ideas
Glenmark - Will mark a higher zone?!The stock which lifted pharma index today was Glenmark. Though nifty was falling, pharma sector managed to sustain and Glenmark rocked.
So what we can expect in the coming days?
Daily chart shows a steady uptrend.
In gap up scenario, buy level is above 1922 - 1926 with the stop loss of 1906 for the targets 1944, 1958, 1972, 1988 and 2002.
Flat opening scenario means we can buy above 1902 - 1905 with the stop loss of 1885 for the targets 1920, 1944, 1972, 1988 and 2002.
Price is bullish as long as it sustains above 1870 - 1880.
2000 zone is a psychological zone and some profit booking can happen. And sustaining above that can make price to move towards 2080 and 2160.
Always do your own analysis before taking any trade.
Bharat Bijlee Ltd Date: 09/07/2025, Closing Price: 3104Bharat Bijlee Ltd
₹ 3,104
3.22%
09 Jul - close price
Date: 09/07/2025, Closing Price: 3104
If price breaks above RS 3201 in daily timeframe, then 1st Target is 3422, 2nd target is 3475, Stoploss your own.
DISCLAIMER:
I am not a SEBI-registered advisor. The content shared, including charts, ideas, and analysis, is purely for educational and informational purposes only. This should not be considered as financial or investment advice. Please do your own research or consult with a SEBI-registered professional before making any trading or investment
I still don't believe in Nifty and Banknifty move So as we studied yesterday "the Intraday trend was up" and that reflected today.
However, must note that this move came as a short covering before the expiry. Also, we did not close above 25600 yet.
My view of a sharp pull back is still intact.
The technicals are also not confirming the momentum. We need to cross 25600 and that too on a sharp move.
Buyers outnumbered sellers with 14.5 million volume but also felt pressure from upwards. Looks like Smart Money is booking profit on every bounce.
Intraday Levels for Nifty:
Support 25477
Resistance 25600
Same happened in #BankNifty. I don't believe the move of today unless this help us achieve new high on the index.
BankNifty levels:
Support 57117
Resistance 57534
Won't be opening any new positions. Will use the bounce for profit-booking. Like Institional players.
That will be all for the day. Take care. Avoid MTF.
Buy Godrej Properties, target 2736, timeframe 2-3 monthsGodrej Properties completed its first impulse after the Sep'24-Mar'25 correction on 10 June '25 and has been undergoing correction (possibly) in the form of a zigzag.
There is a good possibility that wave C of the zigzag has been completed at fibo 0.382 of wave 0-3. One may reasonably assume that the next wave could be of minimum 78.6% of the impulse that has been completed which gives a target of 2736.
Maintain stoploss of 2180.
Happy Trading!!
Stock Alert: Vedant Fashions ( $NSE:MANYAVAR)
📢 Stock Alert: Vedant Fashions ( NSE:MANYAVAR )
🗓️ *Date: 8 July 2025*
🔹 **Chart Setup:**
✅ Bullish Gartley pattern completed at ₹740–760
📈 Weekly reversal confirmed, price now at ₹805
🧭 Weinstein Stage 1 (early accumulation phase)
🔹 **Key Levels:**
📍 Entry: ₹790–800
🔒 Stop-Loss: ₹706
🎯 Target 1: ₹930 (6–8 weeks)
🎯 Target 2: ₹1,050 (3–6 months)
📊 Risk/Reward: 3:1 to 5:1
🔹 **Indicators:**
📉 RSI & MACD turning bullish
📊 Volume spike at bottom → smart money entering
🔁 VWAP support holding
🔹 **Fundamentals:**
💰 EPS & Sales improving
📈 ROE & OPM stable
💳 CRISIL Rating: **AA; Outlook: Stable**
📉 Down 50% from 52W high, near bottom
🔹 **Momentum Score: 7.5/10**
👍 Strong technical base + improving earnings
⚠️ Watch for breakout above ₹930
✅ **Action:** Buy on weekly strength ₹790–800
📌 Add more above ₹930 confirmation
🟢 Looks like a **low-risk, high-reward swing trade** setup with mid-term upside potential.
DLF: Elliott Wave AnalysisWe will soon get an excellent buying opportunity in DLF.
As we can see, I have marked DLF using Elliott Wave theory and Fibonacci.
You can see that, after forming wave (1), the market falls to form wave (2). In wave (2), we can see Flat Correction marked with ABC counting.
Price then moved fast, indicating a clear impulse to form wave (3).
Currently, we are in wave (4) in DLF.
As per the rule, we can expect wave (4) to terminate between 23.6% and 38.2%
This is the most probable zone where we can expect a new impulse, i.e., wave (5), to start.
One has to wait for the market to fall in this Buying zone to get a good buying opportunity.
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purposes only.
This is not a buying recommendation.
CAPLIPOINT : A Textbook Elliott Wave Correction Unfolding
\ Timeframe:\ Daily
\ Structure:\ Corrective to Impulsive
\ Type:\ Educational Swing Setup
---
🔍 \ 1. Context and Background:\
CAPLIPOINT has exhibited a classic 5-wave impulsive rally followed by a correction phase, aligning neatly with \ Elliott Wave Theory\ . Currently, the stock appears to be in \ Wave 4 correction\ – often a shallow, sideways or ABC-type pattern – preparing for a potential \ Wave 5 impulse\ .
---
📈 \ 2. Wave Structure Breakdown:\
* \ Wave 1 to Wave 3\ completed with good strength.
* \ Wave 3\ peaked near \ ₹2390\ , showing signs of extension.
* The ongoing \ Wave 4 correction\ seems to be forming a textbook \ ABC pattern\ :
* \ Wave A and Wave B\ completed.
* \ Wave C\ likely completed or very close to completion inside the support zone.
---
🟦 \ 3. Wave 4 Correction Zone – ₹1928 to ₹2068:\
This zone offers a \ high-probability reversal area\ supported by:
* \ 38.2%–50% Fibonacci retracement\ of Wave 3.
* Confluence with \ previous consolidation\ support.
* Price action showing \ long wicks and small candles\ , signaling accumulation or demand.
---
🟥 \ 4. Wave C and Critical Support – ₹1887:\
* ₹1887 is likely the \ end of Wave C\ and the complete ABC correction.
* Based on:
* \ 113%–127% Fibonacci extension\ of Wave A (classic C-wave completion area).
* Strong \ volume spike and price rejection\ near this zone.
---
🟪 \ 5. Wave 5 Target Projection – ₹2389 to ₹2410:\
Projected using:
* \ Fibonacci extension\ of Wave 1 from Wave 4 low.
* \ Measured move technique\ .
* Target aligns with previous resistance around \ Wave 3 top at ₹2390\ .
---
🛑 \ 6. Stop Loss & Invalidation Level:\
* \ Invalidation below ₹1887\ on a daily close.
* A close below this would signal a potential \ deeper correction\ toward ₹1547–1660 zone.
---
✅ \ 7. Strategic Swing Trade Plan:\
* \ Entry Zone:\ ₹1930 – ₹2065
* \ Stop Loss:\ ₹1887 (daily close basis)
* \ Target 1:\ ₹2250
* \ Target 2:\ ₹2389–2410 (projected Wave 5 zone)
---
### 🧠 \ 8. Why This Setup is Educational:\
* \ Textbook Elliott Wave Pattern:\ Classic 5-wave setup with ABC correction.
* \ Fibonacci Confluence:\ Retracement and extensions align perfectly.
* \ Price Action Validation:\ Support zone showing bullish characteristics.
* \ Defined Risk-Reward:\ Excellent R\:R with tight SL.
* \ Momentum Potential:\ Wave 5 often brings sharp, fast moves—ideal for swing setups.
---
📌 \ Conclusion:\
CAPLIPOINT is completing a clean \ Wave 4 correction\ and preparing for its \ final impulsive Wave 5\ . If \ ₹1887\ holds, the stock may target \ ₹2389–2410\ in the coming sessions. A technically rich and structurally strong swing opportunity for serious traders and wave enthusiasts.
NAZARA TECH LTD ANALYSISFOR LEARNING PURPOSE
NAZARA TECH LTD - The current price of NAZARA TECH LTD is 1385.10 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. It broke a strong resistance zone of 4 year and it's trying to go for new ATH
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. The stock belongs to a sector which is trying its best to be strong and probably it can do great in coming days.
6. The stock has done almost nothing in last 5 years (approx) and it has acted as a laggard (many stocks have made ATH much back but this stock has gone down after its IPO. Initially it went up a bit but then it was all down move)
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 1212 rupees
I will be managing my risk.
Both Indices at imp levelsNifty n BNF
Nifty CMP 26460
Fib Ext - the Index is just shy away from its all time high. The 24750 remains an imp support for the Index. The Index is at 1.5 fib resistance. Hence above 25460 we will see the highs again. On the contrary below this zone we will see 24750. In my view this zone is the most crucial support and break below this zone will bring in fresh selling.
BNF CMP 57032
The fib ext at 1.618 is at 58K. The Index has made a high of 57628. Hence to me the Index is right at resistance.
Conclusion -Major down trend will only happen once the trendline is broken. Both the Indices are at crucial zones. For Nifty 24750 is the crucial support and resistance back to the highs of 26300. BNF resistance is at 58K. In my view next week will be action packed week.
TRENT longTRENT after this big drop is a t a VALUE area as per volume profile.
Moreover, It retested the 200EMA and took a support there, Buyers came in
If you see history, what it has done after testing the 200EMA & we assume
it follows the same pattern, then this knee jerk is an opportunity with SL -1% below todays low
Zydus Lifesciences Ltd -- Weekly timeframe 1. Pattern: Inverse Head & Shoulders
Left Shoulder: Formed near the ₹950 zone.
Head: Dipped to around ₹860.
Right Shoulder: In formation, expected to consolidate between ₹950–₹980 before breakout.
Neckline: Around ₹998–₹1,000.
This is a bullish reversal pattern after a prior downtrend, suggesting a potential trend reversal.
2. Right Shoulder Completion (Current Stage)
Price is hovering near the neckline; pullback expected to complete the right shoulder.
This pullback can retest ₹950–₹975 zone before breakout.
This forms the best risk-reward entry zone with SL below ₹945–₹950.
3. Target Projection
Measured Move = Neckline (₹1,000) - Head (₹860) = ₹140.
Breakout Target = ₹1,000 + ₹140 = ₹1,140 (also shown on your chart with blue arrow).
This is the first target zone post-confirmed breakout.
4. Entry Strategy
Entry Trigger: On breakout above the neckline (₹1,000+ zone), with weekly candle close for confirmation.
You correctly marked this as the "Entry at BO of Neck-Line".
LIC Housing: A Correction That Refuses to End?After completing the first upward leg from the March low near 483.70, LIC Housing Finance rallied sharply to 623.90. This rise is being marked as wave 1 or A, depending on whether the structure develops into an impulse or a zigzag.
After that peak, a correction was expected. Initially, price dropped to 565.40 in a clear abc formation, which could have marked the end of wave 2 or B. However, the market didn’t follow through with a strong rally. Instead, price began moving sideways in a choppy, overlapping manner — a strong clue that the correction wasn’t over.
This overlapping price action evolved into a WXYXZ structure, a complex form of correction.
Here’s how the structure now looks:
The initial drop to 565.40 is being treated as wave a of a larger correction.
The sideways consolidation that followed is marked as wave b.
The current expectation is for a final wave c down — which would complete the full abc correction of a higher degree, labeled as wave 2 or B. The ideal target zone for wave c lies between 1x to 1.618x the length of wave a, projected from the end of wave b.
Support lies in the 568.80–532.65 zone. If price dips into this area and shows signs of reversal — particularly with bullish divergence on RSI — it could set the stage for the next leg higher in wave 3 or C.
The invalidation level for this count stands at 627.30. A sustained move above this level would negate the possibility of a wave c decline and instead suggest that a new impulsive leg has already begun.
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.
HDFC BANKHello & welcome to this analysis
It has made double bearish Harmonic patterns at the same PRZ level - Crab & Deep Crab in the daily time frame with so far today's candle being an Open = High in daily time frame.
A retracement till 1950 - 1875 could be possible as long as the stock does not cross 2050.
A heavyweight in both Nifty & Bank Nifty, it could halt the uptrend of both the indexes either till it does not complete its pullback or the patterns get negated.
All the best
EQUITASBNK – Symmetrical Triangle Breakout SetupNSE:EQUITASBNK
📈 EQUITASBNK – Symmetrical Triangle Breakout Setup | Swing Trade Opportunity 🛠️
Equitas Small Finance Bank (EQUITASBNK) is forming a classic Symmetrical Triangle pattern on the Daily chart, indicating potential breakout momentum. Price is consolidating within a tightening range and recently attempted a breakout near ₹70 before pulling back slightly.
• Chart Pattern : Symmetrical Triangle – converging trendlines since April 2025.
• Support Zones : ₹66.50, ₹63.30 (swing low), and ₹62.76 (triangle base).
• Resistance Zones : ₹70.65 (recent swing high), ₹72.88 (previous top), ₹75.50 (pattern target).
• Moving Averages:
- EMA 20 = ₹66.56
- EMA 50 = ₹65.06
- EMA 200 = ₹68.50 (recently tested)
• RSI (14): 57.22 – Neutral bullish zone, not overbought.
• Volume: Breakout attempt saw increasing volume, followed by low-volume pullback – indicating strength.
> With the price retesting the upper triangle boundary and sitting above key moving averages, a breakout above ₹70.65 could initiate a strong bullish move. Watch for volume confirmation and RSI push above 60 for added strength.
🎯 Trade Plan :
• Entry (Aggressive): ₹68.5–₹69 on retest support.
• Entry (Confirmation): Above ₹70.65 with closing + volume > 2.5M.
• Stop Loss: Below ₹66.00 (EMA confluence + trendline support).
• Targets:
- T1: ₹72.80
- T2: ₹75.50
- T3 (Extended): ₹78.00 (measured move from triangle)
• Risk-Reward: Approx. 1:2.5 to 1:3
⚠️ Disclaimer:
This is a technical view for educational purposes only. Please do your own research or consult your financial advisor before acting on this idea.
Rounding Bottom & Trendline BreakoutUniversal Cables Looks like a good candidate for a good upswing
Rounding bottom in weekly timeframe along with a weekly downwards trendline breakout above 800 levels should give a good breakout for
Target1 = 942
Targer2 - 1180
Cable industry has been in the recent news as some giants are looking to invest in the next couple of years
Looks like a multibagger but please do your fundamental analysis
GRPLTD - Rising Back? 📊 **Technical Analysis: GRPLTD (Daily Timeframe)**
### 🔻 Recent Downtrend:
* The chart reflects a **clear corrective phase** with a series of lower highs and lower lows, marked by TS (Trailing Stop) labels and wave structure.
* A potential reversal is forming near a key **support zone**.
---
## 🟪 **Support Zone: 2521–2600 (Pink Box)**
* Price recently tested the **VS (Volume Spike)** zone around \ ₹2521.37\ , which acted as a **major support**.
* A bullish reversal candle has emerged from this zone, suggesting \ demand absorption\ and a possible swing low formation.
---
## 🟧 **Minor Resistance Zone: \~2680–2750**
* Price is currently testing a **supply region (orange box)**. This area could temporarily pause upside movement.
* Sustained move above this range is essential for bullish continuation.
---
## 🔵 **Upper Resistance / Target Zone: 3295–3377**
* A large untested **supply zone** lies ahead, making it a **probable swing target** if momentum sustains.
---
## 📝 **Trade Idea: Bullish Reversal in Progress**
### ✅ \ Long Entry Zone:\
Around current price \ ₹2779–2800\ , or on retest of breakout above ₹2750
### 🎯 \ Targets:\
* T1: ₹2883 (recent TS3 high)
* T2: ₹3295
* T3: ₹3377
### ❌ \ Stop Loss:\
Close below ₹2520 (below VS low and structure invalidation)
---
## 🧠 **Trade Logic:**
* Price structure shows a potential \ ABC correction completed\ .
* Strong reaction from a high-probability **Volume Spike Support** zone.
* **Higher low + break above swing structure** would confirm trend reversal.
* Conservative traders may wait for a **close above ₹2880** for confirmation.
---
## ⚠️ **Risk Management:**
* Keep strict SL as structure is still recovering from a downtrend.
* Size position based on volatility.
---
📌 **Summary:**
GRPLTD has reacted strongly from a key demand zone. If price sustains above ₹2750–2800, there is room for a bullish swing toward ₹3295+.
Ideal for \ positional/swing traders\ with good risk-reward potential.
BHEL – Wave 2/B Pullback in Play?After a strong 5-wave rally from 176.00 to 268.95, BHEL may be entering a corrective phase — either a regular, expanding, or even a running flat.
Price has formed a potential double top at 268.95/268.40. The pullback from here could complete a Wave C within the 245–232 zone, supported by Fibonacci extensions and prior structure.
🔻 Short-term bias: bearish, targeting Wave C completion.
⚠️ However, if this turns out to be a running flat, Wave C may end above 245.70 (Wave A low) and still be valid — so price may reverse early.
📉 RSI is lagging as price retests highs — hinting at weakening momentum.
📌 Key Levels:
Invalidation for short-term short: 268.95 (tight; likely breached in expanding/running flat)
Wave C zone: 245.15 to 230.78
Structural invalidation (bullish view fails): below 230.78
🟢 Big picture: bullish.
This correction is likely setting up the next impulsive Wave 3 or C toward new highs.
Let price confirm it.
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.
PENGU Breakout Live — Could This Be the Next 5x Runner?PENGU Breakout Live — Could This Be the Next 5x Runner?
PENGU/USDT just broke a major trendline after weeks of consolidation…
If this breakout holds — we’re staring at a potential 3x–5x move in the coming days.
But here’s the twist…
❌ Don't FOMO!
The smart entry is likely $0.010–$0.0090 — a clean retest zone where risk–reward is best.
Chart invalid if price breaks below: $0.0077
Targets if breakout holds: $0.0150 / $0.025 / $0.043 / $0.10
This is a breakout + retest setup with explosive potential — but only if you play it right.
Always use risk management.
This is NOT financial advice — DYOR before you enter any trade.
ICICIGITechnical Analysis Breakdown:
1. Rounded Bottom + Multi-stage Base Formation
The stock has carved out a long rounded bottom, forming three notable cup-like bases over the past year.
Each time the price pulled back, it found support near key demand zones (highlighted in blue), forming higher lows — a sign of accumulation.
The current price action shows a smooth rounding structure that suggests growing buyer interest and waning seller pressure.
2. Supply Zone Test in Progress
Price is now approaching a strong supply zone (~₹2,030–2,050), where it has previously faced rejection multiple times.
The presence of long wicks in this zone in the past signals institutional selling pressure.
Watch for a decisive breakout with strong volume to confirm that supply has been absorbed.
3. Relative Strength Turning Up
The RS line vs Nifty has moved into positive territory after several months of underperformance.
This shift is crucial — especially if confirmed on the weekly chart — it implies sector rotation or renewed leadership from ICICIGI.
4. Moving Averages in Bullish Alignment
The stock is now trading above all key moving averages (20, 50, 100, 200 EMA), all of which are curling upwards.
This signals a strong trend resumption, especially as the 200 EMA acts as long-term support.
The breakout above the 200 EMA (around ₹1,940) was a major structural shift.
5. Volume and VCP Context
Recent price action shows tighter price ranges with reduced volatility near resistance, a characteristic of Volatility Contraction Pattern (VCP).
Volume has remained subdued but consistently stable, which is constructive as long as it expands on breakout attempts.
Interpretation & Trade Strategy
✅ Bullish Scenario:
A strong breakout above ₹2,050 with above-average volume can lead to a fresh rally, possibly retesting the previous all-time high zone (₹2,250+).
Follow-up candle should ideally close strong with range expansion.
⚠️ Risk Management:
Any rejection around ₹2,030–2,050 accompanied by high volume selling could lead to another correction within the base.
Traders should be cautious of false breakouts and manage entries based on volume confirmation or wait for a pullback entry near ₹1,970–1,990 if risk/reward improves.
📝 Conclusion
ICICIGI is showing classic signs of long-term accumulation, emerging strength, and trend reversal.
With the supply zone being tested now, the stock is at a critical inflection point. If buyers can overcome this hurdle with conviction, ICICIGI may rejoin the list of strong performers in the insurance space.
📌 Watch for:
Volume confirmation on breakout
Retest and hold of the ₹2,000–2,020 zone
RS staying above zero
"growth partner of choice"Laxmi Organic Industries Ltd: CMP 199
Update: The previous breakout attempt didn’t hold, but the chart is showing renewed strength. Most chemical stocks are looking strong, indicating sector-wide momentum. Volume has started picking up again, which is a positive sign. Although the risk-to-reward ratio is currently limited, a decisive breakout and monthly close above ₹230 could confirm a trend reversal and open up significant upside potential. Watching closely for confirmation.