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Engulfing Candle

EMAMI LTD – Strong Bullish Breakout | Volume Spike________________________________________________________________________________ 📈 EMAMI LTD – Strong Bullish Breakout | Volume Spike | Structure-Based Trade Idea 🕒 Chart Type: Daily Chart 📆 Date: July 9, 2025 ________________________________________________________________________________ 📌 Price Action: EMAMI LTD has delivered a decisive breakout from its recent compression phase after trading sideways between 570–585 for several sessions. On July 9, the stock posted a wide-range bullish candle, closing at 609.15, backed by high delivery and breakout volume. The candle formed with an open = low structure, a strong intraday move, and solid closing near the high, confirming buyer dominance. This marks a shift in control from range-bound consolidation to potential momentum continuation. ________________________________________________________________________________ 📊 Chart Pattern: This breakout is from a Box Compression Zone, where the stock had been moving within a tight band. This is a textbook bullish compression breakout, often seen before short-term trend expansions. The range contraction, followed by a sudden expansion with volume, signals that smart money may be entering. Though not a VCP, the narrowing of ranges followed by a strong candle reflects controlled buildup and release of bullish pressure. ________________________________________________________________________________ 🕯️ Candlestick Pattern: Bullish Engulfing Open = Low Candle Momentum Continuation Candle The current candle also fits the "Buy Today, Sell Tomorrow" setup logic, especially useful for short-term intraday/momentum traders from an educational lens. ________________________________________________________________________________ 🔊 Volume Analysis: Volume on July 9 crossed 3x the 20-day average, showing an institutional-grade breakout. What's more important is that this move comes after multiple low-volume sessions, which indicates that the base was silent before this burst — classic sign of accumulation followed by breakout. The presence of a BB squeeze and volume compression breakout confirms the start of a volatility expansion phase. ________________________________________________________________________________ 📈 Technical Indicators: RSI (Daily): 65 – strong and rising MACD: Bullish crossover on Daily, but flat on Weekly/Monthly CCI: 319 – strong bullish momentum reading Stochastic: 85 – in a bullish zone, showing follow-through possibility SuperTrend & VWAP: Bullish bias confirmed BB Squeeze: Compression off, likely start of expansion These indicators align well to show a breakout backed by momentum and volume expansion. ________________________________________________________________________________ 🧱 Support & Resistance: 🔺 Resistance Zones to Watch: 629.23 – First key level where supply may come in 649.32 – Major resistance from previous swing 678.63 – Long-term resistance zone Top Range: 653.35 – Official top of the recent consolidation base 🔻 Support Levels: 579.83 – Immediate support post-breakout 550.52 – Minor swing base 530.43 – Deeper demand level from which recent trend started Bottom Range (Demand Zone): 507.70 – Long-term structural support ________________________________________________________________________________ 👀 What’s Catching Our Eye: What stands out in this chart is the confluence of breakout signals — RSI breakout, engulfing candle, Bollinger squeeze off, and high delivery volume — all firing together. The open-low bullish bar is not just random price movement; it's a statement from buyers that they're ready to defend this zone. ________________________________________________________________________________ 🔍 What We’re Watching For: We’re watching if EMAMI can sustain above 609–620 for the next couple of sessions. A consolidation above this zone will indicate strength. On the flip side, any rejection and close back below 579.83 will raise flags. We're also watching for any mild retest toward 580–585 on low volume, which can offer a secondary low-risk entry opportunity. ________________________________________________________________________________ ✅ Best Buy Level for Equity (Low Risk Idea): Breakout Entry: Above 620 with follow-through or retest confirmation Pullback Buy: Into the 579.83–585 support zone with a strong bounce candle Stop Loss: 560.33 (structure-based, on closing basis) Risk-Reward Lens: Start with a 1:1 target; trail for 1:2+ based on structure — avoid fixed upside projections ________________________________________________________________________________ 💼 Sector Tailwinds: The FMCG and personal care space is seeing renewed demand due to rising rural consumption, price stability in raw materials, and stronger brand-led companies gaining market share. EMAMI, with a wide product portfolio, is well-positioned to benefit. Fundamentally, the stock is also recovering from long-term price compression — aligning well with the recent breakout. ________________________________________________________________________________ ⚠️ Risk to Watch: A close below 579 will invalidate the breakout setup Indicators are strong but slightly stretched, so chasing blindly can invite volatility The price must confirm above 620+ for the trend to gain broader legs Always wait for follow-through before committing fresh capital ________________________________________________________________________________ 🔮 What to Expect Next: If EMAMI sustains above 609–620, the stock could gradually move toward 629.23 and test higher levels like 649.32. But if it fails to hold above the breakout candle, we may see a pullback to 580–585. Either way, price and volume in the next 2–3 sessions will confirm whether this is a false breakout or the start of a real trend. ________________________________________________________________________________ 🧠 How to Trade EMAMI LTD (For Educational Use Only): Breakout Plan (Hypothetical Setup): 🔹 Entry: Above 620 only if follow-through confirmation candle appears 🔹 Stop Loss: 560.33 (on closing basis) 🔹 Pullback Buy: Into 580–585 with same SL, if bullish reversal shows 🔹 Risk-Reward: 1:1 minimum; trail for more 🔹 Position Sizing: Use capital allocation based on risk tolerance — never go all-in on breakout ________________________________________________________________________________ ⚠️ Disclaimer (Please Read): • This chart is shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. ________________________________________________________________________________ 💬 Found this helpful? What would be your ideal trade in EMAMI — breakout follow-through or support pullback? Drop your thoughts in the comments below ⬇️ 🔁 Share this with your trading community ✅ Follow STWP for clean technical setups backed by price action and volume 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:EMAMILTDLong
by simpletradewithpatience
PG ELECTROPLAST – Volume Breakout from Tight Base________________________________________________________________________________ 📈 PG ELECTROPLAST – Volume Breakout from Tight Base | Bullish Momentum Brewing 🕒 Chart Type: Daily Chart 📆 Date: July 9, 2025 ________________________________________________________________________________ 📌 Price Action: PG ELECTROPLAST LTD has shown an impressive breakout from a tight base, rising from the 735–755 congestion zone with a wide-range bullish candle on July 9. The candle had an open = low structure, closed near the high, and was backed by massive volume. This signals clear buying strength and suggests that bulls are stepping in after a period of low volatility and sideways movement. The stock had been trading in a narrow band and has now broken out with strong conviction, hinting at the beginning of a possible trend reversal or a short-term momentum rally. ________________________________________________________________________________ 📊 Chart Pattern: The chart displays a tight base breakout from a multi-week compression zone. While not a textbook wedge or flag, the narrowing range combined with flat moving averages suggested the stock was coiling up for a move. The breakout candle pierced the upper end of the range, with volume confirming that it wasn't a false push. This kind of price behaviour often leads to trend expansion — especially when confirmed by broader volume activity. ________________________________________________________________________________ 🕯️ Candlestick Pattern: Bullish Engulfing Candle Open = Low Structure Strong Bullish Range Candle This combination, particularly when seen after a base, is a strong signal of fresh buying interest. It also fits the “Buy Today, Sell Tomorrow” short-term momentum logic, especially for educational model trades. ________________________________________________________________________________ 🔊 Volume Analysis: The breakout was supported by a 10-day volume breakout, with volumes spiking over 3x the average. This is not just intraday noise — it reflects strong delivery participation and genuine interest. Volume spike at breakout is a key sign of smart money involvement. Moreover, the spike occurred from a compressed base, which adds further weight to the strength of the breakout. ________________________________________________________________________________ 📈 Technical Indicators: RSI (Daily): 56 — rising from neutral territory, not yet overbought MACD: Bullish crossover active on Daily & Monthly Stochastic: 90 on Daily – indicates strong upward momentum CCI: 155 – overbought but in a bullish continuation zone Bollinger Bands: Price broke out of a tight squeeze zone — start of volatility expansion phase BB Squeeze + Bullish VWAP: Adds confirmation that the trend is beginning to expand ________________________________________________________________________________ 🧱 Support & Resistance: 🔺 Resistance Levels: 810.43 – First resistance to watch above current price 832.12 – Prior swing level; price may pause or consolidate here if momentum continues 867.33 – Longer-term resistance zone, marked as a level of interest Top Range: 1054.2 – Long-term weak resistance zone that triggered the previous major selloff 🔻 Support Levels: 753.53 – Closest support below breakout 718.32 – Well-tested swing level; acted as floor in recent range 696.63 – Important structural support Bottom Range (Demand Zone): 597.05 – Major long-term support, last zone from where price rallied strongly ________________________________________________________________________________ 👀 What’s Catching Our Eye: The combination of price compression, bullish engulfing breakout, and high volume participation makes this setup stand out. Volume is not just high — it’s clean and backed by structure. The candle formation, RSI breakout, and BB squeeze all come together, creating a powerful setup for momentum continuation. This kind of alignment is rare and usually signals smart money entry. ________________________________________________________________________________ 🔍 What We’re Watching For: The most critical zone is the 796.90 breakout level. If price sustains above it for the next couple of sessions, the structure remains intact. We’re also watching for a possible retest toward the 753–755 zone — if the stock pulls back there on low volume and bounces again, it may offer a low-risk entry setup. Continuation beyond 810 could build momentum, but we will rely on risk-reward and price behaviour — not predictions. ________________________________________________________________________________ ✅ Best Buy Level for Equity (Low Risk Idea): Breakout Entry: Above 796.90, only on follow-through or sustained closing above breakout zone Pullback Entry: Into the 753.53–755 support zone if the price stabilizes and shows a bullish reversal Stop Loss: Structure-based, below 736.95 (on closing basis) Risk-Reward Thinking: Look for 1:1 initially, then trail the stop as the move develops; no fixed projections — price action will guide the outcome ________________________________________________________________________________ 💼 Sector Tailwinds: PG ELECTROPLAST operates in the electronics and contract manufacturing sector — two spaces getting a major boost from PLI schemes, China+1 shift, and rising domestic demand. India’s push toward import substitution, rising middle-class consumption, and government incentives are all helping businesses like PG scale up. This provides a strong macro tailwind to any technical strength seen on charts. ________________________________________________________________________________ ⚠️ Risk to Watch: If price slips back below 753, the breakout weakens A close below 736.95 negates the breakout setup and could invite selling pressure Indicators are showing strength, but slightly stretched — so expect volatility and avoid over positioning Never trade based only on breakout excitement — always wait for confirmation and manage risk first ________________________________________________________________________________ 🔮 What to Expect Next: If the price holds above 796.90, the path toward 810.43 may open up quickly. Sustained volume and consolidation near highs would indicate strength, while sharp rejection could signal a trap. A minor pullback to support zones (753–755) could offer a second opportunity if structure holds. The next few candles will tell us whether this breakout becomes a trend or just a temporary spike. ________________________________________________________________________________ 🧠 How to Trade PG ELECTROPLAST (For Educational Use Only): Breakout Plan (Hypothetical): 🔹 Entry: Above 796.90 (only if price sustains) 🔹 Stop Loss: 736.95 (closing basis; risk-controlled) 🔹 Trade Logic: Use position sizing as per capital and SL distance 🔹 Risk-Reward: Look for 1:1 minimum, trail for 1:2+ if structure expands — don’t fix targets, let the chart lead 🔹 Pullback Buy: Into 753–755 zone with same SL (if structure supports) ________________________________________________________________________________ ⚠️ Disclaimer (Please Read): • This chart is shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. ________________________________________________________________________________ 💬 Found this helpful? Where would you look for a trade in PG — breakout follow-through or pullback into the support zone? Share your thoughts or questions in the comments ⬇️ 🔁 Share this with your trading community ✅ Follow STWP for clean technical setups backed by price action and volume 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:PGELLong
by simpletradewithpatience
UNITED BREWERIES LTD. (UBL) – Bullish Setup from Demand Zone📈 UNITED BREWERIES LTD. (UBL) – Bullish Setup from Demand Zone | Price Action + Volume Analysis 🕒 Chart Type: Daily 📆 Date: July 3, 2025 🔍 What’s Catching Our Eye: UBL has printed a strong bullish engulfing candle from the bottom range of ₹1,848, a zone that has historically acted as demand support. This move is happening after multiple tight sessions, suggesting potential breakout energy. While the candle shows strength, volume is unusually low, indicating the need for confirmation before high-conviction entries. 📊 Volume Footprint: Despite the bullish candle, volume is not supportive. The breakout attempt lacks wide participation. This could either be a low-volume trap or a smart money accumulation zone. Look for a follow-up candle with higher volume for confirmation. 🧠 Technical Outlook & Trade Reasoning: UBL has rebounded from its demand zone with a textbook bullish engulfing. Price action suggests momentum may follow, but the lack of volume signals a need for patience. Ideal scenario would be a high-volume green candle in the next session for breakout confirmation. If volume picks up, swing traders can look for entries near ₹1,985–1,995, keeping SL at ₹1,922, and targeting ₹2,080–2,150 in the short term. A sustained move toward ₹2,300 is possible only if the intermediate zones are taken out with strength. 📌 Current Setup Details: Entry Level: ₹1,988.00 Stop-Loss (SL): ₹1,922.20 (Risk per share: ₹65.80) Master Level Confidence: 89.91% (as per STWP system) ⚠️ Invalidation Levels: Close below ₹1,922 (SL level) Breakdown below ₹1,848 (Demand Zone) on high volume ⚠️ Disclaimer: This analysis is shared for educational and informational purposes only. STWP is not a SEBI-registered advisor. This is not a buy/sell recommendation. Always consult your financial advisor before making investment decisions. 💬 Found this helpful? 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!
NSE:UBLLong
by simpletradewithpatience
BLUE STAR LTD. – TECHNICAL ANALYSIS📈 BLUE STAR LTD. – TECHNICAL ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: Daily Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________________________________________________ 🔹 Price Action Zones • 🔴 Top Range (Resistance): 2417 • 🟢 Bottom Range (Support): 1521 ________________________________________________________________________________ 🔹 Chart Pattern: ✅ Rectangle/Box Consolidation Breakout – Price was range-bound in a tight zone and has given a strong breakout on high volume, indicating bullish intent. ________________________________________________________________________________ 🔹 Reversal Candlestick Patterns • Top Range (2417): ⛔ No recent candlestick activity visible at the top range. • Bottom Range (1521): Todays Candle ✅ Bullish Engulfing + Strong Bullish Candle ✅ RSI Bounce + Volume Spike ✅ Confirmed by Price Action and Momentum Indicators ________________________________________________________________________________ 📊 Trade Plan (Based on Reason and Logic) 🔼 Bullish Trade Setup: • Entry: 1715 (Breakout Candle Close) • Stop Loss: 1614.45 (Below consolidation and bullish candle) • Target 1: 1850 • Target 2: 1980 • Reason: o Strong breakout with above-average volume o Multiple confirmations (RSI, Bollinger Band, Supertrend) o Box breakout with previous supply cleared ________________________________________________________________________________ 🔽 Bearish Trade Setup: • If price fails to sustain above 1715 and closes back below 1680 zone • Entry: Below 1665 (Fakeout confirmation) • SL: Above 1715 • Target: 1615 / 1550 • Reason: Potential failed breakout & liquidity trap ________________________________________________________________________________ 📌 Disclaimer This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation. ________________________________________________________________________________ 💬 Comments What’s your view on Britannia? Drop your thoughts and chart setups ________________________________________________________________________________
NSE:BLUESTARCOLong
by simpletradewithpatience
6
Breakout with Bullish Engulfing Confirmation | Daily Chart🏦 SBI LIFE INSURANCE CO LTD – Breakout with Bullish Engulfing Confirmation | Daily Chart 📅 Date: April 28, 2025 📈 Timeframe: Daily Chart 🔍 Stock: SBI Life Insurance Co Ltd (NSE) 📌 Technical Overview: SBI Life is showing strong bullish momentum on the daily chart after breaking out above a key horizontal resistance around ₹1,584. The price has formed a Bullish Engulfing candlestick pattern, indicating renewed buyer strength, backed by heavy volume. 🧩 Chart Pattern: Strong horizontal resistance at ₹1,584 (now acting as support). Bullish Engulfing candle printed around ₹1,736.10, showing strong rejection of lower levels. Price structure continues to maintain higher highs and higher lows – a positive sign for bulls. 🔍 Key Price Levels: Support Zones: ₹1,584(marked in red) Major Support: ₹1,372.55(green horizontal line) Current Market Price (CMP): ₹1,736.10 A sustained move above ₹1,736 with rising volume could potentially take the stock towards higher psychological levels around ₹1,800+. 📊 Volume Analysis: Strong volume breakout observed during the recent rally. Volume spike supports the validity of the bullish breakout, indicating increased buying interest. 🧠 Observational Bias: As long as SBI Life holds above ₹1,584, the short-term to medium-term bias remains positively bullish. Any healthy pullbacks near ₹1,580–₹1,600 zones could offer better risk-reward setups for positional traders.
NSE:SBILIFELong
by simpletradewithpatience
My Favorite Reversal Candle Pattern (Works Like Magic!)Hello Traders! What if I told you that one single candlestick pattern could give you an 80% win rate — when traded with the right context and strategy? That’s right! Today, we’re talking about the powerful Engulfing Candlestick Pattern — backed by data, tested across timeframes, and loved by price action traders. Let’s break it down properly so you can spot it, trade it, and win with it. The Candle Setup: Bullish & Bearish Engulfing Patterns Bullish Engulfing Pattern: This forms at the end of a downtrend or pullback . A strong green candle completely engulfs the previous red candle’s body, signaling a shift from sellers to buyers. This setup is most effective at key support zones, trendline bounces, or bullish reversals with volume confirmation . Bearish Engulfing Pattern: Seen after an uptrend or rally . A solid red candle engulfs the previous green candle’s body, showing a shift from buyers to sellers. Best used near resistance levels, psychological zones, or after a parabolic price move . Check the chart above to understand better! Note: I’ve used real chart examples from the past to demonstrate Bullish & Bearish Engulfing patterns exactly as they appear in price action textbooks — so you can recognize them with clarity and confidence. How to Trade the Engulfing Candle Effectively Entry: Enter above the bullish engulfing candle’s high (long) or below the bearish engulfing candle’s low (short) after the candle closes. Stop Loss: Place SL just below the bullish engulfing candle's low or above the bearish candle’s high. Target: Use a 1:2 or 1:3 risk-reward ratio, or set targets based on nearby support/resistance or Fibonacci levels. When to Use: Only trade engulfing patterns when they form at a confluence zone — such as support/resistance, trendlines, moving averages, or breakout retests . Backtesting Insights When tested across Nifty 50, Bank Nifty, and large-cap stocks on the 15 min, 1H, and Daily charts , the Engulfing pattern — when combined with structure — showed up to 80% success rate with proper risk management and discipline. Rahul’s Tip Don’t blindly trade the pattern—trade the location! Context is everything. Always confirm with structure and volume. Engulfing candles are powerful, but only when they appear where it actually matters. Conclusion The Engulfing Candle is one of the most reliable patterns if traded with patience and planning. Combine it with key zones and risk control , and it can become a high-probability weapon in your trading arsenal. Have you used this pattern before? Share your success (or lessons) in the comments — let’s grow together!
NSE:RELIANCEEducation
by TraderRahulPal
INDUSTOWER - Support line and Bullish EngulfingThe 324 level, which previously acted as a strong resistance since 2019, is now serving as a solid support, as indicated by the price holding above the orange trendline. On the daily timeframe, the price has successfully broken out of the triangle pattern. Additionally, the previous week's bullish engulfing candle on the weekly timeframe further supports the bullish bias. This setup presents a favorable swing trade opportunity, with a target of ₹500 and a stop-loss placed below ₹310 on a weekly closing basis.
NSE:INDUSTOWERLong
by Breakout_Spotter
GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern. You can use this opportunity because it has a very good risk to reward ratio. Entry: Long above ₹389.80 (the high of the bullish engulfing candle) Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern) Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Remember, trading involves risk. I can't guarantee that this trade will be successful. Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
NSE:GSPLLong
by piyushbafna000
Prajindustries All set for a breakout? ✅Bullish Engulfing from support levels. ✅Good Volume ✅Dry volume when pulling back. ✅Trading above Key DMAs. ❗️Positional SL is very deep(20%)- Adjust SL as per your appetite and position sizing technique. Position sizing is very important if you are building positions. Aggressive trader's SL after the breakout is 761 closing basis. The view is personal. Please do your due diligence before trading. This is not a buy-sell recommendation. We missed the ideal entry when the stock broke out of the trendline area ( 718-19 range) -Market Cap₹ 14,798 Cr. -Current Price₹ 803 -Stock P/E 53.2 -ROCE29.3 % -ROE23.3 %
NSE:PRAJINDLong
by sagartharayil
PPLPHARMA STRONG BULLISH CANDLEPiramal Pharma Ltd Strong Bulish candle formation after QTR Result of company good QTR result and breakout found on chart good levels for entry after a pullback or INTRADAY continuation trade with strict Stop Loss **Disclaimer:** This information is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:PPLPHARMALong
by rajatbhawra
1
GRSE (Reversal Indication On DTF + 4hr Time Frame)Garden Reach Shipbuilders & Engineers Ltd (GRSE) is forming reversal on DTF and 4hr time frame. The stock has given reversal from 200 EMA Level on 4hr time frame. The possible upside remains for 1950, 2100 levels. Support on the 4hr time frame is placed at 1670 levels. Also, the stock has formed bullish engulfing pattern on DTF with Good volume. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:GRSELong
by onkarsoundankar
NIFTY DAILY - 18/4/2024Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day. Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session). Nifty has formed red body big candle on daily chart. Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into the market. Candle is trading below 20 days Simple Moving Average Line. Nifty is above it support level which is 21936 with resistance of 22152 level. Today’s Advance Decline ratio of NIFTY50 Advance - 14 Decline - 36 FII Sell – 4260.33 crores DII Buy + 2285.52 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23