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Havells Bullish Flag Breakout: Can We See a Rally to 1680+?Havells India Ltd. is currently showing a classic bullish technical setup—a Bullish Flag Pattern—that could lead to a potential breakout and strong upside movement in the short term. Traders who favor breakout-based strategies should pay close attention to this chart, especially considering the structured parallel channel and previous rally that preceded it. 1. Bullish Flag Pattern: Anatomy of the Setup A bull flag is a continuation pattern that occurs after a sharp price rise (flagpole), followed by a period of consolidation within a narrow parallel channel (the flag). This structure typically suggests that the bullish trend will resume once the price breaks out of the flag range. In Havells: Flag Pole: The stock surged sharply from the 1517 zone to near 1610, forming a vertical rise. Flag/Channel: Price moved sideways within a narrow support at ~1570 and resistance at ~1610, creating a clean parallel channel. This shows price compression after a strong move, typically a sign of healthy consolidation before another leg up. 2. Breakout Levels and Price Action Confirmation As per the current chart: Havells has broken above the resistance zone around 1610, signaling a potential breakout. The breakout candle is attempting to close above the red resistance band, and follow-up candles will be crucial to confirm strength. A retest of this breakout zone could offer ideal long entries. 3. Projected Targets from the Pattern Using the flagpole height, we can project upside targets from the breakout point: Initial Target: ₹1630.15 A conservative target based on minor resistance and pole extension. Final Projected Target: ₹1680.45 This marks the full measured move and could be achieved if the rally sustains momentum. 4. Ideal Trading Plan (For Traders) Entry: After confirmed breakout above ₹1610 Or on retest near ₹1600–1610 zone with bullish price action. Stop Loss: Below the flag support zone at around ₹1570 Aggressive traders can keep it below ₹1585. Targets: T1: ₹1630 T2: ₹1680+ Risk-Reward Ratio: Minimum 1:2 depending on entry price. 5. Risk Scenarios to Watch For False Breakouts: If the breakout doesn’t sustain and price falls back into the channel, it may trap early longs. Macro Events: Broader market volatility (Nifty moves or global cues) can impact momentum. Volume: Lack of volume on breakout candles can reduce conviction—always monitor volume to confirm strength. Conclusion: Havells Looks Set for a Fresh Rally This is a textbook bullish flag breakout in formation, with clear upside potential. If the momentum sustains, Havells could very well reach 1680+ in the coming sessions. However, traders must practice disciplined risk management, wait for confirmation, and avoid chasing without a proper plan.
NSE:HAVELLSLong
by TradZoo
1
Nifty appears to be repeating price pattern of 7th April.Nifty appears to be repeating a similar price pattern witnessed on 7th April 2025, where the index responded positively to negative news — specifically the US tariff announcement. Despite adverse global cues, the index formed a bullish candle, indicating strong buying interest and possible short-covering activity. This kind of bullish price action on negative news is typically seen as a sign of underlying market strength. If Nifty sustains above the key support zone of 24,500–24,600, it is likely to build further momentum and retest the recent swing high of 25,080 in the near term. Key Levels to Watch Support Zone: 24,500 – 24,600 Resistance Zone: 25,080 – 25,200 Breakout Trigger: Sustained move above 25,088 may open up further upside toward 25,500+
NSE:NIFTYLong
by tradetechnicalanalyst
2
MOL | Breakout Above Supply Zone | Flag + 200 EMA ConfluenceMOL | Strong Breakout Above Supply Zone | Flag + 200 EMA Confluence Previously shared around the ₹70 level — now showing clear strength with a decisive breakout above the supply zone, backed by strong volume. ✅ Breakout Confirmation: Price has convincingly breached previous resistance, which now acts as support. The volume accompanying this move adds weight to the breakout. 📈 Flag Formation (Daily Timeframe): A clean bull flag is visible on the daily chart — a classic continuation pattern indicating further upside potential. 📉 200 EMA Support: The 200 EMA is holding well and aligns perfectly as a dynamic support, reinforcing the current bullish structure. 🧾 Fundamentals Supporting the Technicals: Recent quarterly results suggest the bottom may already be in place, adding a fundamental tailwind to the technical setup. 🟢 Conclusion: This zone offers an excellent area of value for swing traders and position holders. Watch for sustained momentum and retests as potential entries.
NSE:MOLLong
by srikartiram
2
MIDHANI – Bullish Flag Breakout📊 Pattern Analysis 1. Pole Formation: The initial rally forming the flagpole is marked by high-momentum bullish candles rising at approximately a 60° angle, supported by increasing volume, indicating strong institutional buying and trend conviction. 2. Flag Formation: Following the pole, the stock entered a consolidation phase forming a downward-sloping parallel channel (the flag). This retracement occurred on declining volume, a classic sign of a healthy correction with no aggressive selling pressure — reinforcing the validity of a bullish flag. 3. Breakout Confirmation: The stock has now broken out above the flag resistance with a large bullish candle and surge in volume, confirming the continuation of the prior uptrend. The breakout candle shows a decisive close above the flag range, indicating strong buyer interest. 📈 Technical Indicators Volume: Volume has spiked significantly on the breakout day, validating the move. 50 EMA: Price has respected the 50-day EMA, which has acted as dynamic support throughout the flag formation. RSI: The Relative Strength Index is currently above 65, indicating strong bullish momentum but still below overbought levels, allowing room for further upside. 🎯 Trade Setup Parameter Level Entry On breakout confirmation or minor pullback Target Height of the pole added to breakout point Stop-Loss Below the recent swing low (bottom of flag) or trailing SL aligned with the 50 EMA Risk-Reward Favorable – allows strategic trailing of profits 📌 Example Calculation: If the pole is ₹80 high and the breakout occurred at ₹320, target = ₹400. 📌 Conclusion MIDHANI has confirmed a textbook bullish flag breakout with strong technicals in place: High-angle pole on volume, Shallow flag pullback with weak volume, Breakout with rising momentum and EMA support. This setup suggests a strong trend continuation and offers an attractive opportunity for momentum traders and swing positions. 🔁 Call to Action ✅ Follow for more updates 👍 Like if you found this analysis helpful 📤 Share with your friends and fellow traders
NSE:MIDHANILong
by Arvind_Share_Academy
1
Alembic Ltd – Inverted Flag Pattern Forming | Breakout Trade SetAlembic Ltd appears to be forming a classic inverted flag pattern on the daily chart: Bearish Flagpole: A strong and sharp downward move from ~₹148 to ₹88 established the flagpole. Bullish Flag (Retracement Channel): Since March, the price has been moving in a parallel rising channel — a typical retracement phase. The price is currently near the lower trendline of the flag, suggesting a potential entry point for a breakout trade. Support zone : Around ₹100–₹101 near the lower channel boundary. Target: ₹113–₹115 (upper boundary of the flag channel). Stop-Loss: Below the lower trendline of the flag (~₹96), or tighter based on risk preference. Bias: Neutral to slightly bullish in the short term as long as price stays within the flag. Watch for a volume-supported breakout above recent swing highs (~₹105) to confirm momentum toward the target.
NSE:ALEMBICLTDLong
by jeet20
1
SRF LTD - Long Range Breakout ?Simple Chart - Long Consolidation ( Flag Pattern ). Targets could be higher as well but taking it one by one due to overall market volatility. Fundamentally : The company has declared Negative results for the last 7 consecutive quarters PAT(9M) At Rs 724.72 cr has Grown at -20.67 % INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 % ROCE(HY) Lowest at 10.25 However looking at the chart, something has changed fundamentally which is why there is demand coming in from big players. Specialty Chemical Outlook:- Anticipate good Agro Demand in Q4 with significant improvement over Q3 Fluorochem Outlook:- Q4 to perform significantly better ; Supported by higher HFC Volumes. Packaging Film Outlook:- Demand -Supply imbalance to continue but will soften.
NSE:SRFLong
by CannySunny
BALUFORGE - Is it time for the Surge? Technically, this is a continuation consolidation. Usually Wave 3 which is about to start is considered to be the longest. So fingers crossed🤞. Balu Forge Industries Limited is a leading Indian company that manufactures crankshafts and other forged components for various industries. The company was founded in 1989 and has since expanded its operations to become a preferred supplier of crankshafts to OEMs in India and around the world. The forging industry plays a crucial role in supporting various sectors, including: Automotive: Forging is used to manufacture critical components such as crankshafts, gears, and axles. Aerospace: Forging is used to manufacture lightweight, high-strength components for aircraft and spacecraft. Energy: Forging is used to manufacture components for wind turbines, hydroelectric power plants, and nuclear power plants. Construction: Forging is used to manufacture components for heavy machinery, such as excavators and bulldozers. Balu Forge caters to these sectors by manufacturing a range of forged components, including crankshafts, gears, axles, and other critical components. In terms of market position in India, Balu Forge is a leading player in the forging industry, with a strong presence in the automotive and aerospace sectors. The company has a market capitalization of around ₹8,962 crore.
NSE:BALUFORGELong
by CannySunny
3