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USHA MARTIN LTD.USHA MARTIN LTD. USHA MARTIN BREAKS OUT! 7.5% SURGE SIGNALS MASSIVE RALLY AHEAD USHAMART Made Beautiful Chart Structure of Kinda Triple Bottom Reversal Pattern today after Q4 Results with Good Price and Volume action and Breaking the Trendline. Price Action: -The stock has been in a downtrend since November 2024, forming a clear descending resistance line (white diagonal Trendline) -Currently showing strong breakout momentum at ₹334.85, up *23.75 (+7.46%) in today's session -Successfully broken above both the downtrend line and horizontal resistance at *320-325 -Multiple tests of support at the *290 level have created a solid base for the current rally -Higher lows forming since March indicate increasing buying pressure Volume Analysis: - Today's volume at 4.98M shares vs. average of 688.65K (over 7x normal volume) -Previous support bounces (green arrows) also occurred with increased volume - Extremely high volume on today's breakout confirms strong institutional interest - Volume profile shows healthy accumulation during support tests Key Support and Resistance Levels: - Strong support established at *290 level (green horizontal line) - Intermediate resistance/support at *320-325 (lower red horizontal line) -Major resistance at *350 level (upper red horizontal line) - The previous rejection point at ₹350 (red arrow) now becomes the next target - Long-term resistance from October to December 2024 around *420 Technical Patterns: 1. Downtrend Line Breakout*- Price has decisively broken above the multi-month downtrend line 2. Kinda Triple Bottom- Formed at ₹290 level (February-May), creating a solid foundation 3. Ascending Triangle- Recent price action shows higher lows against horizontal resistance 4. Volume Confirmation- Massive volume spike validates the technical breakout 5. Bullish Engulfing Candle-Today's price action engulfs previous bearish candles Trade Setup: - Pattern: Downtrend line breakout + horizontal resistance break - Confirmation: Strong price action with 7x normal volume - Context: Potential trend reversal after extended downtrend and base formation Entry Points: 1. Aggressive Entry: Current price (*334.85) with partial position 2. Pullback Entry: On retest of breakout level *320-325 3. Confirmation Entry: Add positions on close above ₹350 (previous resistance) Exit Strategy: - Target 1: *350 (immediate resistance) - Target 2: *380 (intermediate resistance based on prior support level) - Target 3: *420 (major resistance from December 2024) - Trailing Stop: Implement a 5% trailing stop after Target 1 is achieved Stop Loss Placement: - Aggressive Stop: 315 (below breakout level) - Conservative Stop: 305 (midpoint between support and breakout) - Pattern-Based Stop: 290 (below the triple bottom support) Risk Management: - Position sizing: Limit risk to 1-2% of trading capital -Risk-reward ratio: Maintain at least 1:1.5 (with aggressive stop) - Consider scaling in: 50% at current level, 25% on pullback, 25% on further confirmation - Scale out: 30% at Target 1, 40% at Target 2, hold remainder with trailing stop Today's powerful breakout on record volume after forming a kinda triple bottom pattern suggests a potential trend reversal. The breakout above both the descending trendline and horizontal resistance provides a compelling technical case for upside continuation. If the stock can maintain momentum above the *325 level, it could target the next resistance at ₹350 quickly, with potential for a move toward *380-420 in the coming weeks. Keep in the Watchlist. NO RECO. For Buy/Sell. Thank you for exploring my idea! I hope you found it valuable. FLLOW for more BOOST if useful COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:USHAMARTLong
by TechnicalExpress
DIVI S LABORATORIES LTDDIVI S LABORATORIES LTD DIVISLAB: Rounding Bottom Consolidation Breakout..!! DIVISLAB is showing good consolidation Breakout above the Rounding Bottom structure breakout.. target and sl are on the chart.... there is lot of scope in large cap stocks as the data shows.. All data is available in public domain.. CMP: 6580 TG: 7800 SL: 5840 Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support: Volume, Delivery. 3: Technical: 21/55/200-EMA, Super trend up, RS>0 RSI. 4: Fundamental: PE, PAT, Industry & peer PE and sector performance. 5: Timing: Entry Timing on Daily chart. Disclaimer: It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision. Disclosure: might be Hold
NSE:DIVISLABLong
by TechnicalExpress
RELIANCE INDUSTRIES LTDAs of the close on Monday, May 19, 2025, Reliance Industries Ltd (NSE: RELIANCE) traded at ₹1,440.80, reflecting a 1.07% decrease from the previous session. 📊 Daily Technical Overview Price Action: Opening Price: ₹1,452.10 Day's Range: ₹1,438.20 – ₹1,454.60 52-Week Range: ₹1,114.85 – ₹1,608.80 Volume: Approximately 6.2 million shares traded, below the 50-day average of 8.4 million, indicating reduced market activity. Technical Indicators: Relative Strength Index (RSI): 69.84 – approaching overbought territory, suggesting caution. Moving Average Convergence Divergence (MACD): Bullish crossover, indicating potential upward momentum. Stochastic Oscillator: 76.17 – in the overbought zone, which may precede a price correction. Average Directional Index (ADX): Indicates a strong trend, supporting the current price movement. 🔍 Support and Resistance Levels Immediate Support: ₹1,425.00 – a level where buyers have previously shown interest. Immediate Resistance: ₹1,455.00 – a recent high that may act as a barrier to upward movement. 🔭 Outlook The technical indicators suggest that Reliance Industries Ltd is experiencing a strong bullish trend. However, the RSI and Stochastic Oscillator indicate that the stock is nearing overbought conditions, which could lead to a short-term consolidation or minor correction. Investors should monitor the support and resistance levels closely and consider the reduced trading volume, which may affect the strength of the current trend.
NSE:RELIANCELong
by TechnicalExpress
HINDUSTAN ZINC LTDAs of the close on Monday, May 19, 2025, Hindustan Zinc Ltd (NSE: HINDZINC) was trading at ₹448.20, reflecting a 1.33% increase from the previous session. 📊 15-Minute Timeframe Technical Overview Analyzing the 15-minute chart, the stock exhibits a mild bullish trend: Price Action: The current price is ₹428.25. Moving Averages: The 5-period Exponential Moving Average (EMA) is at ₹440.66. The 15-period EMA stands at ₹435.01. The 50-period EMA is at ₹435.91. The 100-period EMA is at ₹446.19. The 15-period EMA trending above the 50-period EMA indicates a bullish crossover. Trend Analysis: The 5 and 15 EMAs are on an upward trajectory, suggesting a mild bullish sentiment in the short term. 🔍 Technical Indicators Relative Strength Index (RSI): The RSI is approximately 56.70, indicating a neutral momentum without being overbought or oversold. Moving Average Convergence Divergence (MACD): The MACD is at 0.811, suggesting a bullish crossover. Average Directional Index (ADX): The ADX is at 13.22, indicating a weak trend strength. Stochastic Oscillator: The Stochastic Oscillator is at 63.96, pointing to neutral momentum. Indicator: The supertrend is at ₹406.99, acting as a support level. Parabolic SAR (PSAR): The PSAR is at ₹400.77, indicating an upward trend. 📈 Support and Resistance Levels Immediate Support: ₹442.00 – a level where buyers have previously shown interest. Immediate Resistance: ₹455.90 – a recent high that may act as a barrier to upward movement. 🔭 Outlook The current indicators suggest a cautious approach: If the price sustains above ₹442.00, there may be potential for a rebound towards ₹455.90. Conversely, a drop below ₹442.00 could lead to further declines, possibly testing lower support levels.
NSE:HINDZINCShort
by TechnicalExpress
GLOBUSSPR DAY CHARTAs of the close on Monday, May 19, 2025, Globus Spirits Ltd (NSE: GLOBUSSPR) traded at ₹1,104.40, reflecting a 1.62% increase from the previous session. 📊 Daily Technical Overview Price Action: Day's Range: ₹1,065.50 – ₹1,114.80 52-Week Range: ₹670.00 – ₹1,369.75 Volume: 161,165 shares traded Technical Indicators: Relative Strength Index (RSI): 61.68 – indicating neutral to slightly bullish momentum. Moving Average Convergence Divergence (MACD): 6.03 – suggesting a bullish crossover. Average Directional Index (ADX): 15.29 – indicating a weak trend strength. Stochastic Oscillator: 62.44 – pointing to neutral momentum. Indicator: ₹957.02 – acting as a support level. Parabolic SAR (PSAR): ₹927.02 – indicating an upward trend. 🔍 Key Support and Resistance Levels Immediate Support: ₹1,065.50 Immediate Resistance: ₹1,114.80 Next Resistance Level: ₹1,125.00 📈 Outlook The technical indicators suggest that Globus Spirits Ltd is experiencing a mild bullish trend. The RSI and MACD indicate positive momentum, while the ADX suggests that the trend strength is currently weak. If the stock maintains its position above the immediate support level of ₹1,065.50, it may attempt to break through the resistance at ₹1,114.80. A successful breakout could lead to testing the next resistance level at ₹1,125.00.
NSE:GLOBUSSPRLong
by TechnicalExpress
KRISHNA INST OF MED SCI LAs of the close on Monday, May 19, 2025, Krishna Institute of Medical Sciences Ltd (NSE: KIMS) traded at ₹645.10, marking a 0.75% increase from the previous session. 📊 15-Minute Timeframe Technical Overview Analyzing the 15-minute chart, the stock exhibits a mild bearish trend: Price Action: The current price is ₹535.65. Moving Averages: The 5-period Weighted Moving Average (WMA) is at ₹535.65. The 15-period WMA stands at ₹536.93. The 100-period WMA is at ₹542.10. The 15-period WMA trending below the 100-period WMA indicates a bearish crossover. Trend Analysis: Both the 5 and 15 WMAs are on a downward trajectory, suggesting a mild bearish sentiment in the short term. 🔍 Technical Indicators Relative Strength Index (RSI): The 14-day RSI is approximately 54.7, indicating a neutral momentum without being overbought or oversold. Volume: The trading volume is around 507,339 shares, significantly higher than the 20-day average of 91,758 shares, pointing to increased market activity. 📈 Support and Resistance Levels Support: ₹640.00 – a level where buyers have previously shown interest. Resistance: ₹650.00 – a recent high that may act as a barrier to upward movement. 🔭 Outlook The current indicators suggest a cautious approach: If the price sustains above ₹640.00, there may be potential for a rebound towards ₹650.00. Conversely, a drop below ₹640.00 could lead to further declines, possibly testing lower support levels.
NSE:KIMSShort
by TechnicalExpress
INFOSYS LTDAs of the close on Monday, May 19, 2025, Infosys Ltd (NSE: INFY) traded at ₹1,559.80, reflecting a decrease of ₹30.10 or 1.89% from the previous session. In the 15-minute timeframe, the stock exhibited a downward trend throughout the day, with prices ranging between ₹1,555.70 and ₹1,585.00. Technical Indicators (15-Minute Timeframe): Moving Averages: The 20-period Exponential Moving Average (EMA) is trending downward, indicating short-term bearish momentum. Relative Strength Index (RSI): The RSI is hovering around 45, suggesting that the stock is approaching oversold territory but hasn't reached it yet. Support Levels: Immediate support is observed around ₹1,550, with a stronger support level near ₹1,540. Resistance Levels: The stock faces resistance at ₹1,570, followed by a more significant resistance near ₹1,585. Outlook: If Infosys maintains its position above the ₹1,550 support level, a short-term rebound towards ₹1,570 is possible. However, a break below ₹1,550 could lead to further declines, potentially testing the ₹1,540 support.
NSE:INFYShort
by TechnicalExpress
MACD part 2Moving average convergence/divergence (MACD) is a technical indicator to help investors identify price trends, measure trend momentum, and identify entry points for buying or selling. Moving average convergence/divergence (MACD) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. MACD was developed in the 1970s by Gerald Appel, and is one of the most popular technical tools, readily available on most trading platforms offered by online stock brokers.
NSE:HALEducation
by SkyTradingZone
ITC LTD As of May 16, 2025, ITC Ltd. (NSE: ITC) is trading around ₹435.70. Analyzing the 4-hour timeframe, the following support and resistance levels have been identified based on various technical indicators: 📊 4-Hour Support & Resistance Levels Support Levels: S1: ₹433.28 S2: ₹430.67 S3: ₹429.18 Resistance Levels: R1: ₹437.38 R2: ₹438.87 R3: ₹441.48 These levels are derived from pivot point calculations and can serve as potential areas where the price might experience support or resistance. 🔍 Technical Indicators Overview Relative Strength Index (RSI): 58.98 – Indicates neutral momentum. Moving Average Convergence Divergence (MACD): 3.86 – Suggests mild bullish momentum. Average Directional Index (ADX): 17.89 – Points to a weak trend strength. Stochastic Oscillator: 51.37 – Reflects neutral conditions. Supertrend Indicator: ₹413.32 – Below current price, indicating a bullish signal. Parabolic SAR: ₹437.35 – Slightly above current price, suggesting potential resistance. 📈 Fibonacci Retracement Levels Considering the downtrend from ₹491.00 (Jan 3, 2025) to ₹390.15 (Apr 7, 2025), the key Fibonacci retracement levels are: 23.6%: ₹413.95 38.2%: ₹428.67 50%: ₹440.57 61.8%: ₹452.48 76.4%: ₹467.20 These levels can act as potential support or resistance zones as the price retraces its previous move. 🧠 Trading Insights The current price is approaching the R1 resistance level at ₹437.38. If the price breaks above this level with strong volume, it may test higher resistance levels. Conversely, if it fails to break through, it might retrace to the support levels mentioned above. Traders should monitor these levels closely and consider using stop-loss orders to manage risk.
NSE:ITC
by TechnicalExpress
REC LTDAs of May 16, 2025, REC Ltd. (NSE: RECLTD) demonstrated a positive movement on the daily chart, with the stock closing at ₹406.45, marking a 3.07% increase from the previous close of ₹394.35. The day's trading range spanned from a low of ₹395.10 to a high of ₹409.65, with a substantial trading volume of approximately 14.4 million shares, indicating heightened investor interest. 📈 Technical Indicators (Daily Timeframe) Relative Strength Index (RSI): 53.25 – Positioned in the neutral zone, suggesting neither overbought nor oversold conditions. Moving Average Convergence Divergence (MACD): 0.37 – A positive value indicating bullish momentum, albeit modest. Money Flow Index (MFI): 58.15 – Reflects moderate buying pressure, aligning with the day's positive price movement. Average Directional Index (ADX): 31.99 – Suggests a developing trend strength, which traders should monitor for potential continuation or reversal. Stochastic Oscillator (20,3): Approximately 55–80 – Indicates a bullish condition, but approaching overbought territory, warranting caution. Commodity Channel Index (CCI): Positive territory – Signifies that the stock is trading above its average price, supporting the bullish outlook. 📊 Pivot Points (Classic Method) Support Levels: S1: ₹380.68 S2: ₹371.87 S3: ₹358.68 Resistance Levels: R1: ₹402.68 R2: ₹415.87 R3: ₹424.68 The stock's closing price is above the first resistance level (R1), suggesting potential to test higher resistance levels if bullish momentum continues. 🔍 Trend Analysis Recent technical assessments indicate that REC Ltd. may be entering a critical phase. A head and shoulders pattern was identified on the daily chart, with a breakout observed on March 19, 2024. This pattern typically signals a potential reversal, and the breakout was accompanied by increased trading volume and a bearish signal on the MACD indicator. Currently, the RSI is at a low level, and sustained momentum from the breakout may lead to further downward movement. ⚠️ Investor Considerations Volatility: The stock has a beta of approximately 2.01, indicating higher volatility compared to the broader market. Valuation Metrics: P/E Ratio: 6.74 – Suggests the stock is trading at a relatively low multiple compared to the industry average. P/B Ratio: 1.35 – Indicates a reasonable valuation in terms of book value. Dividend Yield: 4.43% – Reflects a strong return to shareholders. 52-Week Range: ₹127.40 – ₹654.00 – The current price is significantly below the 52-week high, offering potential upside if the stock rebounds. 📌 Summary REC Ltd.'s recent price action and technical indicators suggest a cautiously optimistic outlook. While the stock has shown a positive movement, the presence of a head and shoulders pattern and other technical signals warrant careful monitoring. Investors should watch for confirmation of trend continuation or reversal, particularly around the identified support and resistance levels.
NSE:RECLTDLong
by TechnicalExpress
ADANI PORT & SEZ LTDAs of May 16, 2025, Adani Ports and Special Economic Zone Ltd. (NSE: ADANIPORTS) continues to exhibit a bullish trend on the monthly timeframe, supported by key technical indicators and significant price movements. 📊 Monthly Technical Overview Current Price: ₹1,407.40 1-Month Gain: +16.31% 52-Week Range: ₹703.00 – ₹1,621.40 All-Time High: ₹1,621.40 (June 3, 2024) 📈 Key Technical Indicators Relative Strength Index (RSI): 68.19 – Approaching overbought territory, indicating strong buying momentum. MACD: +6.97 – Positive value suggests bullish momentum. Stochastic Oscillator: 88.40 – In overbought zone, which may signal a potential pullback. Commodity Channel Index (CCI): 252.86 – Indicates the stock is overbought. Williams %R: -19.29 – Also suggests overbought conditions. Average Directional Index (ADX): 16.45 – Points to a weak trend strength, implying that while the trend is upward, it may not be strongly established. 🧮 Moving Averages 10-Day EMA: ₹235.52 20-Day EMA: ₹229.64 50-Day EMA: ₹220.86 100-Day EMA: ₹222.11 200-Day EMA: ₹244.28 The current price is trading well above all key EMAs, reinforcing the bullish outlook. 📌 Pivot Points (Classic Method) Support Levels: S1: ₹239.67 S2: ₹233.63 S3: ₹229.72 Resistance Levels: R1: ₹249.62 R2: ₹253.53 R3: ₹259.57 The stock is nearing R1, and a breakout above this could lead to testing R2 and R3. 💡 Summary Adani Ports & SEZ Ltd. demonstrates strong bullish momentum on the monthly timeframe, trading above key moving averages and supported by high trading volumes. However, several indicators suggest overbought conditions, which may lead to short-term consolidation or a minor pullback. Investors should monitor the stock's movement around the ₹1,407–₹1,621 range for potential resistance and watch for confirmation before making new entries.
NSE:ADANIPORTSLong
by TechnicalExpress
Bharat Heavy Electricals LtdAs of May 16, 2025, Bharat Heavy Electricals Ltd. (BHEL) exhibited a strong bullish trend on the daily chart, supported by various technical indicators. 📊 Daily Technical Overview Closing Price: ₹250.35 Day’s Range: ₹244.16 – ₹259.99 Volume: ~50.24 million shares, significantly higher than the 20-day average of ~12.66 million shares, indicating strong trading activity. 📈 Key Technical Indicators Relative Strength Index (RSI): 68.19 – Approaching overbought territory, suggesting strong buying momentum. MACD: 6.97 – Indicates bullish momentum. Stochastic Oscillator: 88.40 – In overbought zone, which may signal a potential pullback. Commodity Channel Index (CCI): 252.86 – Suggests the stock is overbought. Williams %R: -19.29 – Also indicates overbought conditions. Average Directional Index (ADX): 16.45 – Points to a weak trend strength, implying that while the trend is upward, it may not be strongly established. 🧭 Moving Averages Short-Term: 10-Day EMA: ₹235.52 20-Day EMA: ₹229.64 Medium-Term: 50-Day EMA: ₹220.86 100-Day EMA: ₹222.11 Long-Term: 200-Day EMA: ₹244.28 The current price is above all these moving averages, reinforcing the bullish outlook. TipRanks 🔍 Pivot Points (Classic Method) Support Levels: S1: ₹239.67 S2: ₹233.63 S3: ₹229.72 Resistance Levels: R1: ₹249.62 R2: ₹253.53 R3: ₹259.57 The stock is nearing R1, and a breakout above this could lead to testing R2 and R3. 📌 Summary BHEL's stock demonstrates strong bullish momentum, trading above key moving averages and supported by high trading volumes. However, several indicators suggest overbought conditions, which may lead to short-term consolidation or a minor pullback. Investors should monitor the stock's movement around the ₹250–₹260 range for potential resistance and watch for confirmation before making new entries.
NSE:BHELLong
by TechnicalExpress