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Head and Shoulders

Himadri Speciality Chemical Ltd. Himadri Speciality Chemical Ltd. is a leading player in the chemical industry, primarily engaged in the manufacturing of carbon materials and chemicals. Profitability: The company's profitability has been on an upward trajectory, with significant growth in net profit margins and overall financial stability. Technical Analysis: On the technical front, Himadri Speciality Chemical Ltd. is exhibiting a Head and Shoulders pattern on the daily time frame, indicating a potential target of 670++
NSE:HSCLLong
by Vikrant_Mighty
4
Nifty analysis for 09/01/2025.Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be initiated only when there is a confirmation pattern near the support Major support zone :- 23146-23500 Resistance levels :- 23675, 24000 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
"Kalyan Jewellers (KALYANKJIL): Fibonacci Targets After BreakoutKalyan Jewellers (KALYANKJIL) is at a critical juncture after confirming a bullish inverted head & shoulders breakout. The stock is currently retesting its neckline around ₹773.45, presenting a compelling risk-reward setup. 1.Pattern Formation: ->The inverted head & shoulders pattern is intact, signaling bullish momentum. ->Neckline at ₹773.45 acts as the key breakout level. 2.Fibonacci Targets: ->1.618 (₹812): Immediate target. ->2.618 (₹871) and 3.618 (₹929): Mid-term targets. ->4.236 (₹965): Extended target for strong bullish momentum. 3.Support Levels: ->₹724 (0.786 retracement): Strong support from Fibonacci and previous lows. ->Trendline Support: Indicates continued uptrend. 4.Risk-Reward Setup: ->Buy Zone: Sustained move above ₹773.45 with volume. ->Stop-Loss: ₹718.60 to minimize downside risk. ->Targets: ₹812, ₹871, ₹929, and ₹965. Final Thoughts: The stock is consolidating near its neckline, providing an opportunity for bullish traders to enter with defined risk. The Fibonacci levels align perfectly with the pattern targets, adding further confidence in the upside potential. Are you tracking this breakout? Let us know your targets and stop-loss levels in the comments below!
NSE:KALYANKJILLong
by TraderChhabra
Infosys Ltd. Watch for Darvas Box Breakout. 📉 Current Price Action: Infosys is consolidating within a Darvas Box pattern, trading close to a 3-year-old resistance zone near ₹1,953.7. The stock is forming a base after a pullback, suggesting potential for a breakout. 📈 Trade Setup: Entry: ₹2,002.1 (above the resistance zone) Stop-Loss (SL): ₹1,707.6 (on a closing basis) Target: ₹2,335.8 (medium-term potential) 🚩 Key Observations: The stock is holding above its Key DMAs, indicating near-term strength. Consolidation near a key resistance signals a build-up for a breakout, but volumes need to support the move. If the breakout fails, watch for price action near the lower support zone (₹1,707) for signs of reversal. ⚠️ Caution: Wait for a confirmation candle with good volume before entering. Avoid premature entries as the stock could continue consolidating within the current range. Nifty IT Sector Context: Nifty IT is showing signs of base formation after a significant pullback. A sectoral breakout above 44,317 could drive momentum across IT stocks, including Infosys. 💡Follow the price action and adjust your strategy based on market cues. A clean breakout could lead to strong upward momentum.
NSE:INFYLong
by sagartharayil
Aurobindo Pharma Futures (JAN FUT Contract)Aurobindo Pharma Futures (JAN FUT Contract): Pattern Identification: The chart showcases a Head and Shoulders (H&S) reversal pattern, which typically indicates a potential upward breakout after a downtrend. Key levels include a breakout above the neckline (yellow trendline), followed by potential targets labeled as TP1 and TP2. Entry Point: Enter a long trade upon a confirmed breakout above the neckline. Ideal entry: Above ₹1,260–1,265 with strong volume confirmation. Stop-Loss (SL): Place a stop-loss below the right shoulder or below the head, depending on your risk appetite. Recommended SL: ₹1,240 (below the recent low to minimize risk). Target Prices (TP): TP1: ₹1,291.80 (First target based on prior resistance). TP2: ₹1,365.40 (Second target based on measured move from the H&S pattern). Risk-Reward Ratio: Calculate risk-to-reward before entering the trade. The setup suggests a potential 2:1 or 3:1 risk-reward ratio if executed as planned. Volume Confirmation: Ensure that the breakout is accompanied by above-average volume, confirming the strength of the move. Additional Notes: Keep an eye on market conditions or external news that might impact pharma stocks. If the price fails to sustain above ₹1,260, avoid the trade to prevent false breakouts.
NSE:AUROPHARMA1!Long
by Arthavidhi
ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil
UCAL Breakout with Huge Volume. Add to your WLKey Highlights 1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range. 2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation. 3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum. Pattern Insights 📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green). 📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation. 🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative. Trade Plan 📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels. 🎯 Targets:Target 1: ₹300 🎯Target 2: ₹338.50 ❌ Stop Loss: ₹205 for long-term/positional trades. 💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range. Key Reminder 1⃣ Market Condition: The overall market is currently bearish. Exercise caution. 2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario. 3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
NSE:UCALLong
by sagartharayil
Emmbi Industries Ltd Technically checks many boxes.Emmbi Industries Ltd. 📅 Timeframe: Daily Chart Technical Observations 1. Cup and Handle Breakout: 2. Inverse H&S 3. Base Breakout The stock has formed a classic Cup and Handle and an inverse Head and Shoulders pattern, which is a bullish continuation setup. 3. Three White Soldiers: Post-breakout, the stock formed Three White Soldiers (three consecutive bullish candles), a strong bullish indicator. Fundamental Snapshot 💼 Market Cap: ₹300 Crores (Small Cap). 📊 Current Price: ₹169. 📈 High/Low: ₹172 / ₹87.6 (52-week range). 📚 Book Value: ₹104 (Price to Book Ratio: ~1.63). 📉 PE Ratio: 29.6 (relatively higher compared to industry standards). 💸 Dividend Yield: 0.18% (low yield). 📊 ROCE: 8.43% (moderate efficiency). 📈 ROE: 6.03% (average return for shareholders). Key Levels to Watch -Entry Point: ₹172 or wait for multiyear Breakout level 175. -Stop Loss (SL): ₹129.73 (Below the handle and consolidation support). 🎯 Targets: All-Time High (ATH): ₹262.45 (Medium-to-long-term target). Strengths of the Setup ✅ Volume Confirmation: Breakout backed by rising volumes, indicating strong market interest. ✅ Trend Alignment: Stock is trading well above the 50-day and 200-day moving averages, supporting the bullish trend. ✅ Healthy Consolidation: The long consolidation before the breakout reduces the chance of a false move. Risks and Considerations ⚠️Microcap Company. ⚠️ Valuation Concerns: PE ratio (29.6) is on the higher side, indicating the stock might be overvalued compared to peers. ⚠️ Dividend Yield: At 0.18%, the dividend yield is minimal, which may not attract dividend-seeking investors. ⚠️ Broader market conditions (e.g., Nifty 50, Nifty 500) should support bullish sentiment 📉. Trading Plan 📌 Buy Above: ₹172.0 or wait for breakout of 175 📌 Stop Loss (SL): ₹129.73 (Strictly on closing basis) 📌 Targets: Medium-Term: ₹262.45 🎯 📊 Watch for a pullback retest of ₹159.00 with rising volumes. It can be an excellent re-entry or adding opportunity. Do not forget to position size since the SL is extremely Deep. Risk management is the key here. Market conditions are bad and unpredictable. Please excuse Ttypos if any.
NSE:EMMBILong
by sagartharayil