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IFCI: Explosive Move Hits a Key WallTechnical Setup – IFCI Ltd. on the weekly timeframe chart Current Price: ₹70.31 Breakout Confirmation: Price broke above major trendline resistance (dotted line) with strong volume Volume Profile: Highest traded zone was around ₹42–₹50 (base built here) Fibonacci Levels: 61.8% broken = bullish signal Targets: 🎯 ₹91.56 (100% Fib level) 🎯 ₹161.79 (161.8% extended Fib target – long term) 📊 Fundamental Story – Government owned NBFC Focused on infrastructure and industrial finance Recent market rally shows renewed investor interest Benefits from: • PSU sector momentum • Government capex push • Improved asset quality & restructuring progress Turnaround story in the making, driven by fundamentals + reform 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:IFCILong
by iVishalPal
Nifty’s Final Shakeout? Ending Diagonal May Be the Exit ClueNifty appears to be unfolding a WXY corrective structure: Wave W ended at 24,462.40 Wave X bounced up to 25,079.20 The current decline looks like Wave Y, forming a classic ending diagonal Ending Diagonal Details: Overlapping waves with a contracting structure Final Wave 5 of the diagonal may be unfolding now Invalidation level (for stop-loss logic): 24,864.25 If price moves above this, the wave structure is likely invalid Target Zone: Wave 5 projected to complete between 24,522.55 and 24,311.50 (using 1x to 1.618x of Wave 1 within the diagonal) Summary: If the diagonal plays out, a breakdown toward the green box is likely. Above 24,864 , the setup is invalid. Watch price action closely.
NSE:NIFTYShort
by WaveXplorer
DHAMPUR SUGAR MILLS technical analysisDhampur Sugar Mills Ltd. (NSE: DHAMPURSUG) is currently trading at INR 142.82. The company is a leading player in the sugar industry, involved in sugar manufacturing, ethanol production, and cogeneration of power from sugarcane byproducts. Key Levels Support Level: INR 97.06 Swing Level: INR 160.92 Possible Upside Levels: INR 289.80, INR 338.70, INR 400.95 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 38.39, indicating bearish momentum, with the stock nearing oversold territory, which could signal a reversal if buying interest increases. Volume: Trading volume is stable, showing consistent investor participation, though a volume spike near key levels would be needed to validate directional movements. Sector and Market Context Dhampur Sugar Mills operates in the sugar and ethanol production sector, which has been influenced by government policies on ethanol blending, agricultural yield fluctuations, and global sugar pricing. Recent trends suggest positive growth in ethanol demand, backed by India’s push for ethanol-based fuel diversification. However, commodity price volatility, policy changes, and export restrictions could impact industry margins. The broader market sentiment toward cyclical stocks remains mixed, with investors cautiously tracking demand and regulatory shifts. Latest News and Developments Market Trends: Institutional investors are showing interest in ethanol-driven growth stories, positioning sugar stocks favorably. Analyst Ratings: Some analysts suggest potential upside, citing stable earnings and ethanol sector expansion. Quarterly Results: Dhampur Sugar Mills reported steady revenue, though raw material costs have impacted margins. Dividend Update: No recent dividend announcements, indicating reinvestment focus on capacity expansion and modernization. Analysis Summary Dhampur Sugar Mills Ltd. has entered a key technical zone, with RSI signaling possible stabilization near current levels. Volume activity remains steady, but confirmation through increased participation will be crucial for trend validation. Sector tailwinds—such as ethanol expansion and sugar consumption growth—support long-term prospects, though macro risks should be monitored. Investors should track regulatory developments, commodity price trends, and upcoming financial disclosures before making strategic decisions.
NSE:DHAMPURSUGLong
by TechnicalAnalystSucrit
GREENPANEL INDUSTRIES technical analysisGreenpanel Industries Ltd. (NSE: GREENPANEL) is currently trading at INR 261.55. The company specializes in medium-density fiberboard (MDF) and plywood manufacturing, serving both domestic and export markets with a strong focus on innovation and sustainable production. Key Levels Support Level: INR 198.75 Swing Level: INR 305.60 Possible Upside Levels: INR 574.65, INR 675.75, INR 804.50 Technical Indicators RSI: The Relative Strength Index (RSI) is at 41.86, indicating neutral momentum with a slight downward bias. RSI below 50 often suggests mild bearish sentiment. Volume: Trading volume is moderate, reflecting steady investor participation. Increased volume near resistance levels could validate upward movement, while declining volume near support may suggest consolidation. Sector and Market Context Greenpanel Industries operates within the building materials and furniture manufacturing sector, which has witnessed steady demand growth due to urbanization, real estate expansion, and rising consumer preference for MDF-based furniture. However, the sector is also subject to commodity price fluctuations, interest rate cycles affecting real estate, and import-export policy changes. Market conditions indicate cautious optimism, with investors tracking housing sector performance and raw material cost trends. Latest News and Developments Market Trends: Institutional interest in building materials stocks remains strong, though rising input costs could pressure margins. Analyst Ratings: Recent reports suggest mixed sentiment, with some analysts projecting gradual demand recovery in the domestic market. Quarterly Results: Greenpanel Industries posted stable revenue, though margins saw compression due to rising material costs. Dividend Update: No recent dividend announcements, indicating continued reinvestment in operational efficiency and expansion. Analysis Summary Greenpanel Industries Ltd. presents a balanced technical outlook, with RSI and key levels indicating potential price stabilization before trend confirmation. The stock benefits from sector tailwinds, though macroeconomic risks—such as input costs and demand cycles—must be monitored. Investors should watch price action near swing levels, volume trends, and sector-wide developments before making decisions. A calibrated approach is advisable, considering both the growth potential and inherent market risks.
NSE:GREENPANELLong
by TechnicalAnalystSucrit
Setup Intact, Eye on Wave 5?This is a follow-up to my earlier analysis on Canara Bank, where we identified the completion of an ABC correction and the start of a fresh impulse. What’s happened since: Price respected the projected Wave 3 (yellow) target of 109.50 – exactly 1x of Wave 1. A healthy correction is underway, likely forming Wave 4 (yellow) . The pullback is holding within the 0.236–0.382 retracement zone (105.12 to 102.63) – make-or-break zone . What’s next: If the structure holds above 102.63, a bullish Wave 5 (yellow) may extend the rally toward the 120+ zone, completing Wave 3 (green). Break below 102.63 invalidates the count and opens the door to a more complex correction. This is for educational purposes only.
NSE:CANBKLong
by WaveXplorer
JIOFIN – Expanded Flat? Wave C on RadarSince the last analysis, price dipped to ₹270.35 (near 0.236 retracement), then bounced sharply to ₹284.70 — breaking the Wave 5 high. This move confirms a Wave b rally that extends 159% of Wave a, a classic signature of an Expanded Flat correction. What this means: Wave b has trapped breakout buyers. Expect Wave c next — likely a sharp decline below ₹270.35 to complete the correction. RSI still shows divergence and momentum looks tired. Watching for: ₹265–₹255 as potential Wave c landing zone. Reclaiming ₹285+ invalidates this short-term correction view. Structure remains educational. Stay sharp.
NSE:JIOFINShort
by WaveXplorer
1
Technical Analysis of DXY (US Dollar Index) for the Week of May # Current Price Action and Market Context Recent Price Movement: As of May 23, 2025, the DXY closed at approximately 99.11, down 0.85% from the previous session's close of 99.96. The index has been trending downward, testing two-week lows near 99.14 after failing to reclaim the 100.50 level. Bearish Momentum: The break below 97.50 on the monthly chart signals a bearish structure with lower highs and lower lows, suggesting continued selling pressure. The next major downside target is around 96.00, with a potential longer-term target near 92.00. Key Fundamental Drivers: Recent weakness in the DXY is attributed to President Trump’s proposed 50% tariffs on European imports, which have undermined bullish momentum in the dollar. Additionally, anticipation of Federal Reserve interest rate decisions, upcoming US inflation data, and employment reports (e.g., Non-Farm Payrolls) will play a significant role in the DXY’s direction. -- Chart for your reference -- -- Disclaimer -- This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
TVC:DXYShort
by renderwithme
Reliance Nears Lifetime High After Rebounding Strongly from TechTopic Statement: Reliance is in a strong bullish phase, continuing its recovery momentum after a solid technical reversal. Key Points: The stock reversed sharply from a double bottom pattern at the 38.2% Fibonacci retracement level, offering strong support. It received an additional bullish push at the 23.6% level, reinforcing upward momentum. The price is approaching its lifetime high of 1161, where a double top formation is likely and could act as a profit-booking zone due to expected resistance. Now trading above the 180-day EMA, the stock is technically overbought, suggesting a potential pause or pullback near the peak.
NSE:RELIANCELong
by yogeshwar
EMS technical analysisEMS Ltd. (NSE: EMS) is currently trading at INR 651.10. The company operates in the engineering and infrastructure sector, specializing in water and wastewater management solutions, catering to industrial and municipal needs. Key Levels Support Level: INR 497.35 Swing Level: INR 718.75 Possible Upside Levels: INR 942.85, INR 1,053.70, INR 1,194.90 Technical Indicators RSI: The Relative Strength Index (RSI) is at 62.15 (monthly timeframe), reflecting strong momentum yet staying below the overbought threshold, suggesting continued strength with potential upside movement. Volume: Trading volume is 4.06M, showing steady investor interest. Increased volume near breakout levels may confirm potential price movement toward higher levels. Sector and Market Context EMS Ltd. operates in a high-demand sector, benefiting from India’s push for sustainable water management and smart city projects. Government spending in water infrastructure continues to grow, supporting long-term revenue stability for firms in this industry. However, sector volatility due to raw material costs, contract execution challenges, and policy shifts remains a consideration. Broad market indicators suggest favorable conditions, with investors closely watching companies aligned with infrastructure modernization. Latest News and Developments Market Trends: Institutional investors show growing interest in infrastructure stocks amid increased government contracts for urban water management. Analyst Ratings: Positive outlook backed by strong order execution and expanding pipeline of municipal projects. Quarterly Results: Recent financial disclosures indicate steady revenue growth, aided by higher project completions and increased government tenders. Dividend Update: No recent dividend declarations, signaling continued reinvestment into scaling operations and project fulfillment. Analysis Summary EMS Ltd. shows bullish technical trends, supported by strong momentum and sector tailwinds. The RSI reflects continued price strength, while volume indicates steady investor engagement. Sector dynamics remain favorable, driven by policy support and expanding market opportunities. Investors should monitor price action near swing levels, volume trends, and broader economic developments before making informed decisions.
NSE:EMSLIMITEDLong
by TechnicalAnalystSucrit
Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 ended the week at 24,853.15 with a loss of (-0.67%) If Nifty sustains below 24,771, selling pressure may increase. However, a move above 24,932, could restore bullish momentum. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The crucial range to watch for potential trend reversals or continuation is 24,775 -24,932. 🔹 Support & Resistance Levels: Support: S1: 24,540 S2: 24,226 S3: 23,889 Resistance: R1: 25,170 R2: 25,612 R3: 26,050 Market Outlook ✅ Bullish Scenario: A sustained breakout above 24,932 could attract buying momentum, driving Nifty towards R1 (25,170) and beyond. ❌ Bearish Scenario: A drop below 24,775 may trigger selling pressure, pushing Nifty towards S1 (24,540) or lower. Disclaimer: lnkd.in
NSE:NIFTY
by Alice Blue
INTU seems to have completed Correction and heading towards ~700INTU seem to have completed complex ABC correction,. Its last corrective leg had XYZ correction (provided we see break out from current segment) It seem to be heading towards ~700 in coming weeks/months Can the pattern change ? Yes we may have a Z wave hitting channel bottom, or one more larger ABC may play out for next few months (this is low probability) If any one needs larger time frame wave structure do comment so that I can share the road map that I see with INTU.,
NASDAQ:INTU
by jsgadgil
2
Infy Attempts Breakout After Rebounding from Key Fibonacci SuppoTopic Statement: Infosys is showing signs of a steady recovery after a deep correction, though key resistance levels still challenge the upward momentum. Key Points: The stock found strong support at the 50% Fibonacci retracement during the recent correction, indicating solid buying interest at lower levels. As the price recovers, the 23.6% Fibonacci level is acting as resistance, slowing the upward move. Trading just above the 180-day EMA, Infosys remains technically oversold, hinting at continued recovery potential if resistance is breached.
NSE:INFYLong
by yogeshwar
CDSL [Follow up] – Wave (5) Ending or Extending?The earlier hypothesis of a bullish impulse in CDSL saw Wave (5) completing near the 1.0 extension from Wave (4), right at the upper channel boundary — a strong confluence zone. On closer inspection, the internal structure of Wave (5) looks more like an A-B-C rather than a clean 1-2-3-4-5, hinting at possible exhaustion. This raises the likelihood that Wave (A)/(1) may already be in, and a Wave (B)/(2) correction could be in progress. Still keeping an eye on the 1.618 projection as a stretch target if the trendline breaks. Until then — structure confirmation is key. Tools: Elliott Wave, Fibonacci Projections Timeframe: 30min / 1H for intrawave clarity
NSE:CDSLShort
by WaveXplorer
TCS Eyes Recovery After Holding Strong at Key Support LevelsTopic Statement: TCS has shown signs of recovery after a recent correction, with strong technical support levels reinforcing bullish potential. Key Points: The price previously found strong and consistent support near the ₹3000 mark, reaffirmed during the recent market correction. A full retracement to the 50% Fibonacci level** at ₹3060 attracted significant buying interest, highlighting renewed strength. Currently, the stock trades just below the 200-day EMA, indicating it remains in oversold territory, but with potential for reversal if momentum continues.
NSE:TCSLong
by yogeshwar
WALCHANDNAGAR technical analysisWalchandnagar Industries Ltd. (NSE: WALCHANDNAGAR) is currently trading at INR 209.92. The company operates in the heavy engineering and manufacturing sector, specializing in defense, aerospace, nuclear, and industrial machinery solutions. Key Levels Support Level: INR 111.57 Swing Level: INR 255.85 Possible Upside Levels: INR 400.00, INR 469.90, INR 559.00 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 51.52, reflecting neutral momentum, indicating that the stock is neither overbought nor oversold. Volume: Trading volume has been stable, suggesting consistent investor interest. A surge in volume near key levels may validate price movements. Sector and Market Context Walchandnagar Industries operates in the capital goods and defense engineering sector, benefiting from government-backed infrastructure projects, defense modernization, and aerospace advancements. The sector has seen steady growth, supported by India's increasing defense manufacturing initiatives and private sector participation in high-tech engineering. However, market volatility, fluctuations in raw material costs, and order execution challenges may impact stock performance. Latest News and Developments Market Trends: Increased institutional interest in defense and engineering stocks due to India’s push toward self-reliance in strategic sectors. Analyst Ratings: Analysts have noted improved order flow in aerospace and industrial machinery, which could bolster future revenue. Quarterly Results: Recent financial reports indicate stable revenue growth with higher execution timelines, affecting short-term liquidity. Dividend Update: No recent dividend declarations, signaling a focus on reinvestment for capacity expansion and technology upgrades. Analysis Summary Walchandnagar Industries Ltd. has maintained strong sector positioning, with steady technical indicators reflecting stable price momentum. The RSI suggests neutral movement, while volume trends confirm continued investor engagement. Sector dynamics indicate long-term potential, driven by India’s engineering and defense growth strategies, though macroeconomic risks should be monitored. Investors should watch price action at key levels, volume trends, and sector developments before making informed decisions.
NSE:WALCHANNAGLong
by TechnicalAnalystSucrit
PRINCE PIPES technical analysisPrince Pipes & Fittings Ltd. (NSE: PRINCEPIPE) is currently trading at INR 295.95, reflecting a 17.81% increase. The company is a leading manufacturer of polymer piping solutions, supplying products for plumbing, irrigation, and infrastructure needs across India. Key Levels Support Level: INR 251 Swing Level: INR 380 - 484 Possible Upside Levels: INR 736.85, INR 874.90, INR 1,050.75 Technical Indicators RSI: The Relative Strength Index (RSI) is at 33.69, indicating that the stock is in a low momentum phase, approaching oversold levels, which could suggest potential for recovery. Volume: Trading volume has seen a surge, confirming heightened investor interest, especially around key price zones. Strong volume during price increases could validate bullish sentiment. Sector and Market Context Prince Pipes & Fittings Ltd. operates in the industrial and construction materials sector, which has seen steady demand growth due to infrastructure expansion, real estate development, and government-backed housing initiatives. The sector benefits from cost-efficient polymer solutions replacing traditional materials, contributing to market resilience. However, fluctuations in raw material prices (PVC resin), regulatory policies, and consumer demand cycles could impact performance. The broader market context shows recovery signs, with investors actively looking at fundamental stocks offering long-term stability. Latest News and Developments Quarterly Results: The company reported revenue growth driven by higher sales volumes, though margins remained under pressure due to rising input costs. Analyst Ratings: Some analysts have maintained a neutral-to-positive stance, citing strong market presence but cautious outlook on pricing pressures. Industry Trends: Increased demand for sustainable and high-performance polymer piping solutions supports long-term prospects. Dividend Update: No recent dividend declarations, indicating a strategy focused on reinvestment for expansion. Analysis Summary Prince Pipes & Fittings Ltd. is currently in a consolidation phase, with RSI suggesting potential for recovery. The stock benefits from sector tailwinds, supported by infrastructure growth and evolving consumer preferences. Investors should watch price action near key levels, volume trends, and sector developments before making informed decisions. A balanced approach is recommended, considering both the opportunities and risks inherent in the market.
NSE:PRINCEPIPELong
by TechnicalAnalystSucrit
Canara Bank – Impulse Wave in Play After ABC Correction?From the mid-June 2024 high, Canara Bank completed a textbook ABC correction, with Wave C terminating precisely at the 100% retracement of Wave A from B. This setup marked the end of the downtrend and the potential beginning of a new impulsive uptrend. The current structure shows a higher-degree impulsive move (marked in green), within which Wave 3 appears to be subdividing into its own smaller impulse (yellow count). Notably, Wave 3 (yellow) has completed exactly 100% of Wave 1 from Wave 2 at 109.50, which aligns well with common Fibonacci projections. A healthy retracement (Wave 4 of yellow) is now underway, typically expected to fall within the 0.236–0.382 retracement zone. This region is a critical make-or-break zone — sustaining above 102.63 keeps the bullish structure intact and sets the stage for Wave 5 (yellow), which could complete the larger Wave 3 (green). Once Wave 3 (green) tops out, a correction in Wave 4 (green) could unfold, again within the 0.236–0.382 retracement zone. Monitoring RSI divergence will be essential to identify exhaustion at the top of Wave 3. If the pattern continues to hold, Wave 5 (green) could push price to 130+ levels , assuming a minimum 1x projection of Wave 1 from the Wave 4 base. The structure remains valid only as long as 105.12 and 102.63 are respected . A deeper breakdown would suggest the count is invalid and we may instead be dealing with a complex W-X-Y-X-Z correction , with Z potentially unfolding below 78.60. Given that earnings and revenue reports in both Jan and May have been strong, the bullish case is fundamentally supported too. Still, alternate bearish counts must be kept in mind. This is a technical analysis for educational purposes only and not a buy/sell recommendation. Timeframe: 2hr Tools Used: Elliott Wave, Fibonacci Retracements, RSI
NSE:CANBKLong
by WaveXplorer
1
BUTTERFLY GANDHI technical analysisButterfly Gandhimathi Appliances Ltd. (BSE: 517421) is currently trading at INR 1,051.45. The company operates in the home appliances sector, specializing in kitchen solutions including cookware, mixers, and grinders. This a subsidary of Crompton. Key Levels Support Level: INR 859.80 Swing Level: INR 1,051.45 Possible Upside Levels: INR 1,648.90, INR 1,947.60, INR 2,328.10 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 44.16, indicating neutral momentum. The stock is neither in the overbought nor oversold zone, suggesting moderate price movement potential. Volume: The trading volume has shown fluctuations, with some recent periods indicating increased investor participation. A rise in volume near key levels may confirm price movements. Sector and Market Context Butterfly Gandhimathi Appliances Ltd. operates in the home and kitchen appliances sector, which has experienced steady growth due to increasing urbanization, rising disposable incomes, and evolving consumer preferences for premium kitchen solutions. The broader market outlook remains positive, supported by a growing demand for kitchen automation and eco-friendly appliances. However, factors like fluctuating raw material costs, competition from international brands, and consumer spending trends could impact stock performance. Latest News and Development Butterfly Gandhimathi Appliances Ltd. reported a standalone net profit of ₹9.03 crore for Q4 FY25, marking a turnaround from a ₹19.76 crore loss in the same quarter last year. The company’s total income for the quarter rose to ₹189.23 crore, reflecting a 12% increase from ₹167.46 crore in Q4 FY24. For the full fiscal year ending March 31, 2025, Butterfly Gandhimathi posted a net profit of ₹32.53 crore, significantly up from ₹7.38 crore in the previous year, despite a 7% decline in annual revenue to ₹864.5 crore. The profit recovery was driven by cost optimization and improved operational efficiency. The company has also announced upcoming product launches and stronger channel partnerships, aiming to expand its market presence. Additionally, a board meeting was held on May 13, 2025, where key financial decisions, including dividend considerations, were discussed. Analysis Summary Butterfly Gandhimathi Appliances Ltd. presents a balanced technical outlook, with key levels identified for potential price movements. The RSI indicates neutral momentum, while sector trends support long-term growth. Investors should monitor industry-wide developments, macroeconomic conditions, and company-specific announcements before making investment decisions.
BSE:BUTTERFLYLong
by TechnicalAnalystSucrit
DIVISLAB - Cup Pattern Breakout with Bullish Flag Consolidation📊 DIVISLAB – Cup Pattern Breakout with Bullish Flag Consolidation 🕰️ Timeframe: 1W | 🔍 Pattern: Cup Formation + Bullish Flag | 🚀 Long-Term Breakout Potential 📈 Technical Breakdown: DIVISLAB has formed a massive Cup pattern on the weekly timeframe and is currently consolidating inside a Bullish Flag after hitting the neckline breakout. This is a classic continuation setup following a long accumulation. Post breakout, the price tested the upper region and is now preparing for a potential next leg toward Fibonacci extension levels. 🔑 Key Support & Resistance Levels: 🔵 Resistance / Upside Targets: ₹6,485.00 (Cup breakout top) ₹8,829.30 (Fib extension 161.8%) 🟦 🔴 Support Zones: ₹5,290.20 – Local horizontal support ₹5,035.95 – Fib 61.8% retracement (strong support) ₹4,588.30 – Fib 50% ₹4,140.70 – Fib 38.2% ₹2,691.65 – Long-term base (0% Fib) 🧭 Strategic View: 🟢 Bias: Bullish 🔁 Retest Zone: ₹5,290–₹5,035 can be re-entry zones 🎯 Target Zones: ₹6,485 followed by ₹8,829 for positional long 🛑 Invalidation: Below ₹5,000 zone ⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management. 📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis! 🔁 Drop a comment if DIVISLAB is on your radar for the next breakout rally 📈
BSE:DIVISLABLong
by PriceAction_Pulse