CumminsInd - Desc Broadening Wedge - BullishCumminsInd - Capital goods Non Electrical Equipment
Despite modest Q4 revenue growth, Cummins India expects double-digit growth in FY26 on the back of robust domestic demand, CPCB 4+ tailwinds, and export recovery
Chart is making Bullish flag with descending broadening Wedge bullish pattern in weekly timeframe
Fib level 161.8%, Pivot R1(W), Pivot R2 (W) will hold as resistances
Flag
IXIGO : Breakout candidate (swing pick)#IXIGO #chartpatterntrading #flagpattern #breakoutstock #Chartpatternbreakout
IXIGO : Swing Trade
>> Long Range Consolidation Breakout Soon
>> Flag pattern breakout
>> Good Strength in stock
>> Recent Volume buildup is good
>> Good Upside Potential
Swing Traders can lock profit at 10% and keep trailing.
Disc : Stock charts shared are for Learning purpose, not a Trade recommendation.
Consult a SEBI Registered Advisor before taking position in it.
Technical Analysis Report: SMS Pharmaceuticals Ltd1. Bullish Flag with Pole (June–July 2024)
Bullish Flag with Pole: A continuation pattern formed after a strong upward price move (the pole), followed by a short-term consolidation (the flag), signaling the potential for another breakout upward.
Price Action: Strong impulsive rally formed the flagpole, followed by a tight consolidation forming the flag 🚩.
Breakout: Confirmed with a high-volume breakout to the upside.
Target: Achieved a massive 40% gain in under a month.
Analysis: A textbook bullish continuation pattern; traders capitalized on early entry post-breakout.
2. Distribution Phase (August–October 2024)
Distribution Phase: A sideways trading range after an uptrend where smart money or institutions start offloading their holdings. Typically a precursor to a market reversal or downtrend.
Market Structure: After the sharp uptrend, price entered into a horizontal range.
Phase Characteristics: Low volatility, repeated rejections at resistance, high volume on down days—signs of distribution.
Interpretation: Institutions likely booking profits, signaling a potential trend reversal.
Trader Sentiment: Shifted from bullish to neutral/bearish.
3. Triple Top Formation (Within Distribution Phase)
Triple Top Pattern: A bearish reversal pattern marked by three failed attempts to break above a resistance level, indicating weakening momentum and a potential downtrend.
Resistance Level: Same peak tested three times without breaking.
Breakdown: Confirmed after the third top with a decisive drop.
Target: Achieved a "30% downside" move via "short selling", all within a month.
Insight: Classic reversal pattern, effectively timed with distribution.
4. Bearish Flag with Pole (During Triple Top Breakdown)
Bearish Flag with Pole: A continuation pattern during a downtrend. It starts with a sharp decline (pole), followed by a minor upward consolidation (flag), suggesting further downside.
Formation: Sharp decline (pole) followed by a brief upward consolidation (flag).
Breakdown: Continuation to the downside, achieving projected target.
Target: Fully achieved within the same downtrend cycle.
Conclusion: Reinforced the bearish sentiment and amplified the down move.
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5. Accumulation Phase + Triple Bottom (December 2024–April 2025)
Accumulation Phase: A market phase where a stock trades in a range after a downtrend, as buyers (often smart money) gradually build positions, typically leading to a bullish reversal.
A Triple Bottom is a bullish reversal chart pattern that forms after a downtrend, marked by three equal lows indicating strong support and a potential trend reversal to the upside.
Phase: 5-month Accumulation Phase
Pattern: Triple Bottom during this period indicated strong support and buyer presence.
Breakout: Occurred with a bullish breakout post third bottom.
Target: 20% upside achieved within a month post-breakout.
Observation: Long-term investors and smart money potentially entering positions.
6. Rounding Bottom in Progress (May 2025)
Pattern: Rounding Bottom (Still Forming)
Current Price Action: Gradual curve formation with decreasing volume on the left and increasing volume near the neckline— a bullish sign.
Expectation: Anticipated upside breakout in the coming days.
Outlook: If confirmed, this could mark the start of a new bullish cycle.
📌 Summary:
SMS Pharmaceuticals Ltd. has shown a textbook series of technical patterns—from trend continuations to reversals, distribution to accumulation, and now a potential new uptrend. Each phase was actionable, with clear breakout/breakdown points and well-achieved targets.
Flag and Pole in Styrenix what was the old INEOS StyrolutionOverall the pattern shows that a convergence is happening at this level
When we look at the stock over a long period of time, what I realise is that the patterns are repetitive and it has not participated in the bull market as much as the other stocks.
Looking at the shareholding pattern also we can understand that the no.l of shareholders in this counter are only 45,000 which means only savvy and old timers what knew this counter and IPO investors are there rather than catching the frenzy of FNO and traders and mass allotments.
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Specialised Applications with Future-Ready Potential
The applications of Innomatt’s materials are vast and continually expanding. From high-temperature alloys for space exploration to wear-resistant components for defence systems, their products are engineered for extreme conditions. As industries increasingly demand lightweight, durable, and high-performance materials, powder metallurgy is poised to play an even greater role in sectors like:
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What sets Innomatt apart is its well-established leadership, with promoters who bring over a decade of experience in advanced materials manufacturing. Their deep industry knowledge, combined with a commitment to innovation, ensures that they remain at the forefront of material science advancements.
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PI Industries looking up to reach 4200 in short to long termPI industries has broken the resistance level after a solid consolidation for more than one month. The bullish engulfing candle has come past the resistance level. It should come down to test the same level and progress towards 4200 in short to long term.
Aerospace & Defence bullish flag breakoutCreated custom index with following scrips. BDL, BEL, BEML, COCHINSHIP, DATAPATTNS, HAL, SOLARINDS. These are some major aerospace-defence companies. This custom index gave a bullish flag breakout. Huge upside potential based on flag pole as target. Pivot R1 itself has approximately 34.5% upside potential.
APL Apollo Tubes - Flag & Pole BONSE:APLAPOLLO gave a Flag & Pole Breakout today. Post Q4 Results.
Con-Call Highlights:
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 55.09 BILLION RUPEES
MARCH-QUARTER CONSOL PROFIT 2.93 BILLION RUPEES
SEES TOTAL CAPACITY OF 6.8 MILLION TONS BY FY28
SEES CAPEX OF 15 BILLION RUPEES IN NEXT 3 YEARS
Keep in the Watchlist.
NO RECO. For Buy/Sell.
Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Siemen forming a Flag and Pole pattern on the bearish side.A bearish Flag and pole pattern in Siemens.
The stock has fell from 8000 to 4600 and recovered back to 5300. If there is a break down of the parallel channel, it can retest the recent low of 4600.
It is trading below 100 and 200 EMA on the daily charts. There will be resistance from the levels.
Wait for the break down and let stock price test the recent low.
Enter only once the stock has given a break down, else avoid entering the short trade.
Mazagon Dock - Flag Pattern!!!Mazagon Dock is looking super good both on Fundamental & Technical pattern on account of following:
1. Consistent profitability from 2o years + dividend and no debt
2. Only Shipyard to be conferred Navratna Status
3. Capex planned for next 4-5 years - INR 5000 crores
4. World class infra - Capacity of building 11 Submarines & 10 War Ships concurrently
5. Technically, it is making flag pattern and then giving a breakout. It take support on 200EMA.
6. It is consolidating from last 9 months and a breakout will result in breakout from flag pattern to take price to new heights.
Keep following @Cleaneasycharts as we provide right stocks at right time at right price.
Cheers!!!
possible pole n flag breakout in GLOBUS SPRITISStock Overview
Stock Name: Globus Spirits Ltd.
Exchange: NSE (National Stock Exchange of India)
Current Price: ₹881.20
Business Profile: Globus Spirits Ltd. is a leading player in the alcoholic beverages industry, specializing in the production and distribution of Indian Made Foreign Liquor (IMFL), Country Liquor, and Bulk Alcohol. The company operates across multiple segments, catering to diverse consumer preferences.
Key Levels
Support (Yellow Zone): ₹709.65
Swing Zone (Green Zone): ₹1,310.20
Target Levels (T): T1: ₹1,711.15 T2: ₹1,996.50 T3: ₹2,360.05 Final Target: ₹3,409.90
Technical Indicators
Relative Strength Index (RSI):
Current RSI: 49.54, indicating neutral momentum. RSI values above 70 suggest overbought conditions, while below 30 indicate oversold conditions.
Volume:
Current Volume: 964.3K. High volume during price increases confirms strong buying interest, while low volume during declines suggests weak selling pressure.
Moving Average (MA):
The 50-period Simple Moving Average (SMA) is ₹915.57. The stock trading below this level indicates potential bearish sentiment.
Sector and Market Context
Sector Performance: Globus Spirits Ltd. operates in the alcoholic beverages sector, which has shown resilience amid fluctuating market conditions. The sector benefits from steady consumer demand and favorable regulatory policies.
Market Trends: The broader market has been moderately bullish, with indices showing gradual recovery. However, sector-specific factors, such as raw material costs and excise duties, remain critical.
Risk Considerations
Market Risks: Volatility in the broader market due to macroeconomic factors like interest rate changes or geopolitical events.
Sector-Specific Risks: Regulatory changes, fluctuations in raw material prices, and shifts in consumer preferences could impact performance.
Stock-Specific Risks: Potential earnings misses or management changes may influence investor sentiment.
Analysis Summary
Globus Spirits Ltd. presents a mixed technical outlook. While the RSI indicates neutral momentum, volume trends suggest periods of strong investor interest. The stock's performance is closely tied to sector trends and broader market conditions. Investors should monitor key levels and remain cautious of potential risks. This analysis is for informational purposes only and does not constitute financial advice.
Bajaj Finance: Defying Market Correction with Potential BreakoutTopic Statement:
Bajaj Finance has remained strong despite the broader market correction, and a breakout above its key resistance level could trigger a new rally.
Key points:
1. The stock continues to move upward despite the market correction.
2. The price is approaching a critical resistance level at 8,200.
3. A breakout from this triple-top resistance could lead to further upside momentum.
SRF: Resilient Amid Market Correction & Faces Strong ResistanceTopic Statement:
SRF has held up well compared to the broad market correction, but it now faces a crucial resistance level that will determine its next move.
Key points:
1. The stock is moving in a sideways zone with clear accumulation and distribution levels.
2. The price is attempting a breakout from the distribution zone but faces stiff resistance at the level of 3,000.
3. Weekly RSI is at 68, indicating overbought conditions.
4. The company has a high PE of 73.9, suggesting the stock is expensive.
NIFTY Predictions (wave pattern and Fibonacci study based)Hello everyone,
Nifty Almost bottom done spot 22550 closing before the elections in india now Nifty PE ratio is 20 which looks attractive undervalued. most probably till september-octber 2025 market going to break previous lifetime high its all for study purpose RSI is oversold