NetApp Inc shows bullish candlestick in larger timeframeNASDAQ:NTAP price action shows bullish candlestick pattern in the Monthly Chart. As well as in Weekly chart, it shows steady rejection and showing a sideways consolidating trend.
Lets analyze first weekly timeframe:
We can see during April'25 (Tariff Trauma weeks) the price made a low of $74, breaching down the $80 mark.
But within one week it again regains back the strong, historical demand zone of $80 and continue it's upsurge towards $100. It made a recent weekly high of $102.
Last 3 weeks was a consolidating around $97 to $100 level, keep on honouring the support of $97.
Last week, during timid FY24-25 Q4 earnings, we can see it falls back to $94. And seen a rejection there during last trading session of Friday, 05/30 and close the week with a Dragronfly dozi candlestick pattern (albeit the body color is red). Still the bottom rejection wick and holding back $97 is a sign of 'don't give up so easily'.
Whereas in monthly timeframe, it shows absolute bullishness:
The April month candle was a book-perfect Dragronfly doji.
This May month candle is a super bullish (sort of) Marubozu candle, even the low is above the last monthly close.
It's indicates a confirmative bullishness in monthly
Verdict:
This NASDAQ:NTAP counter is expected to be sideways-to-bullish in coming weeks.
Immediate Support levels are: $97, $89 (200 WSMA), $80.
There is no reason of it getting close below $80. That's becomes the new normal Low of the counter.
It's going through a typical consolidation and distribution phase for gathering new energy to resume it's upmoving in coming medium terms.
Stay Invested or Keep on accumulating , specially on every dips.
Longsetup
Engineers India – Technical Analysis & Trade SetupEngineers India Ltd has recently formed a rounding bottom pattern on the chart, a classic bullish reversal pattern that suggests a shift in momentum from bearish to bullish. The key resistance level lies at ₹210-212 price zone, and a breakout above this level with strong volume will confirm the pattern.
📈 Breakout Confirmation & Retest Zone :
A decisive close above ₹212 will mark a technical breakout, putting the stock at its 8-month high. Post-breakout, a retest of the ₹205–₹210 zone is likely. If the stock takes support and consolidates in this zone, it will indicate strength and readiness for the next upward leg.
📅 Fundamental Trigger – Q4 Results :
Investors and traders should closely monitor the Q4 results scheduled for 29 May. A strong earnings report could serve as a catalyst to support the technical breakout and sustain the uptrend. Conversely, a weak result may delay or invalidate the breakout momentum.
🎯 Targets & Price Action Outlook:
- Short-term buying range: Between ₹210 and ₹215.
- Immediate target: ₹250
- Next targets: ₹290 and eventually ₹300, which may take 3–4 months to achieve if the trend sustains.
- Stop loss can be placed at ₹185.
⚠️ Key Points to Watch:
- Volume confirmation on breakout above ₹212.
- Retest and support around ₹205–₹210.
- Q4 earnings impact on price action.
- Keep a disciplined stop-loss strategy based on risk appetite.
IRCTC , Looking good ; min 25% Roi ; swing For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "785".
Trade carefully untill ENTRY level.
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Entry: 785
Target: 850-917-991
sl: 745
major stoploss/ support: 700.
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
Natco Pharma - Enough CorrectionCMP 875 on 22.05.25
The stock price dropped 50% between September 2024 and March 2025. In recent days, it has been consolidating near the 800 levels, which is acting as a support zone, as shown on the chart.
MACD shows a likely crossover, too.
If it gives an upside move, further targets may be 1080/1180 or more.
One has to keep the position size according to the risk management.
The setup will go weak if it sustains below 800-775 levels.
All these illustrations are only for learning and sharing purposes, not a piece of trading advice in any way.
All the best.
Credit rating downgrade and weak US economic data weaken the USD🔔🔔🔔 Gold news:
➡️The US dollar is attempting to stabilize following a previous decline, driven by a resurgence of the "Sell America" narrative, which triggered a broad sell-off in US assets across global financial markets. On Friday, Moody's downgraded the US sovereign credit rating by one notch from the pristine "Aaa" to "Aa1", undermining the "US brand."
➡️ Investors remain wary of the country's long-term fiscal outlook. According to Reuters, analysts have warned that Trump's sweeping tax cut proposals could add an additional $3 to $5 trillion to the nation's $36.2 trillion debt over the next decade. In response, risk-off flows dominated on Monday, boosting demand for the traditional safe-haven gold.
Personal opinion:
➡️ Gold prices remain in the 3190 – 3250 range and await the results of potential US trade agreements with India, South Korea and Japan.
➡️ Analysis based on resistance - support levels and EMA combined with trend lines to come up with suitable strategies
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3189 - 3192
❌SL: 3185 | ✅TP: 3196 - 3200 – 3205
👉Sell Gold 3203 - 3206
❌SL: 3199 | ✅TP: 3210 - 3215 – 3220
FM wishes you a successful trading day 💰💰💰
AHL -Bottom FishingThe stock price has dropped around 60-70% in the last 6 months. From an all-time high to an all-time low in just 6 months.
This time, it is consolidating at the lowest prices for a month.
If it gives a bounceback, it could be a good trade setup with a good risk-reward ratio.
The projected targets are 260/350 or more.
The setup remains active above the price of 180. It loses significance if sustained below 160.
All these illustrations are only for learning and sharing purposes. not a buy or sell recommendation.
All the best.
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.
Trend Reversal setup in HCLTECH(Inverted H&S Pattern)!HCL Technologies (NSE:HCLTECH) – Bullish Reversal Setup
📌 Pattern Identified: A clear Inverted Head and Shoulders formation is visible on the daily chart, indicating a potential bullish reversal.
✅ Key Observations:
Price has broken above the neckline and also crossed the 50-period EMA, showing strength.
Notable volume buildup at the right shoulder, supporting the bullish move.
RSI is above 60, suggesting improving momentum.
📈 Projected Target: ~₹2,074 based on the pattern's height.
🔻 Stop Loss: Placed slightly below the right shoulder near ₹1,537.
⚠️ Watch Levels:
₹1,696: Minor resistance.
₹1,780: Key resistance level before the target zone.
📝 Conclusion: A breakout above the neckline with volume confirms the bullish pattern. As long as the price sustains above the stop loss, the risk-reward appears favorable.
Disclaimer: Consider my analysis for educational purposes only.
Before entering any trade:
1️⃣ Educate Yourself – Understand market dynamics and technical patterns.
2️⃣ Do Your Own Research & Analysis – Never rely solely on external opinions.
3️⃣ Define Your Risk-Reward Ratio – Ensure your trade aligns with your risk appetite.
4️⃣ Never Trade with Full Capital – Always manage risk and preserve capital.
Trade wisely! ✅📊
USDCAD (4H) Technical Analysis Long setupPair: USD/CAD
Timeframe: 4H
Bias: Bullish
Structure: Falling Wedge Breakout → Bullish Continuation
Current Price: ~1.3937
📐 Chart Breakdown
1. Falling Wedge Formation (Bullish Reversal Pattern)
Price was consolidating inside a falling wedge, typically a bullish reversal structure.
Breakout to the upside confirms buyer strength after a period of compression.
2. Breakout + Retest Setup
Clean breakout above the wedge has occurred.
Price is currently forming a small bullish flag (or consolidation), likely preparing for a retest of the breakout zone around 1.3856 before continuation.
3. Clean Bullish Imbalance Above
The large bullish candle created imbalance above, increasing the probability of a liquidity-driven move up.
4. Higher Timeframe Target Zones (Key Supply)
1st Target: 1.4150 (previous support turned resistance)
2nd Target: 1.4280 (major horizontal resistance)
Final Target: 1.4520 (multi-week supply zone)
🧾 Trade Plan – Long Setup
Entry Zone Stop Loss Take Profit Targets Risk:Reward
1.3860–1.3885 (retest of wedge) 1.3750 (below last swing low) 1.4150, 1.4280, 1.4520 1:3 to 1:5+
✅ Confluences Supporting the Long Bias
Confluence Details
✅ Falling Wedge Pattern Price broke out from bullish wedge.
✅ Retest Setup Pullback expected before continuation.
✅ Bullish Market Structure Higher highs forming post-breakout.
✅ Clean Liquidity Above Fewer obstacles on the way to major targets.
✅ Strong Demand Zone Below Buyers stepped in around 1.3750–1.3850.
🚫 Invalidation
If price breaks below 1.3750, bullish setup fails.
Close below wedge base may invite deeper bearish pressure.
📊 Trade Management Tips
Enter on bullish candle at retest zone.
Scale out profits at 1.4150, then 1.4280, let partials run to 1.4520.
Use trailing SL after price hits first TP for a risk-free runner.
SBICARD Looks good...SBICARD looks good for reversal in weekly chart.
Can Accumulate between 700-750 zone. Might reach channel upper line in coming years. Targets are given.
Stoploss for longtermInvestors is given.
Note : No idea about fundamentals. View is completely based on technical view of chart.
ACC - Long SetupCMP 1915 On 24.03.25
Since July 24, the stock price has dropped around 40%. According to the chart setup, it seems to be getting ready for a breakout now.
Has been consolidating into a small range in recent sessions. Now formed an inverted Head & Shoulder pattern. Also, there will be a breakout of the dotted line, joining the tops of wicks of the last 8 months.
If gives a breakout around 1950, there may be a bullish phase ahead. Targets may be 1980/2100 and 2200.
The setup will lose significance if sustains below 1830.
The strategy should be coupled with some hedging tool for better risk coverage, if possible. Or keep your position size according to the risk capacity.
All these illustrations are only for learning and sharing purposes, only for paper trading. It is not a buy or sell recommendation.
All the best.
Apl Apollo Tube - ReRating Candidate !!??Stock peaked in Sep 2023.. Has been Range bound since almost 2 yrs now.. Interestingly had the best quarter ever last qtr.. Margins are stable and constant through many months.. If margins expand we are looking at a re-rating candidate.. Over all looking very interesting..
HCLTECH-INTRADAY-LONGStock is forming Ascending tringle in 1hr chart. Good opportunity to go long if it opens flat.
Ignore if it opens below 1405, if gap up wait for retest at 1426.
Please don't forget click on follow button so you won't miss any upcoming ideas.
Any confusion, feel free to drop msg. Happy to help :)
This is only for educational purpose, please manage your risk accordingly.
ULTRACEMCO-4hr/1day Long tradeThe stock has corrected within the recent fall and fully recovered. Almost trading near ATH.
Current high has tested multiple times.
On next trading session it has to open above 11400 good opportunity for long, if gap down avoid.
Any confusion, feel free to drop msg. Happy to help :)
This is only for educational purpose, please manage your risk accordingly.
INDUSINDBK-Intraday/short term positional After the big fall, stock is consolidating from last month.
It has formed Ascending tringle pattern. From past 2 days i.e. 8th and 9th April 2025. It is trading in range. which states that buyers are accumulating.
It has potential to move if it opens between 692-700. It may go sideways for one more day it is a good opportunity for Long Intraday/short term positional trade.
If it opens 666, avoid.
Any confusion, feel free to drop msg. Happy to help :)
This is only for educational purpose, please manage your risk accordingly.
GREENPLY – Ready for a Major Reversal?Falling Wedge + Smart Money Confluence!
Conviction Level: High | Setup Type: Reversal + Breakout Play | Strategy: Price Action + Smart Money Concepts
After months of a controlled downtrend, GREENPLY has just completed a Falling Wedge – a classic reversal pattern. But that’s just the start.
Here’s why this setup stands out:
🔰 Price tapped into a Higher Timeframe Order Block – the same zone that acted as a strong demand area in the past.
🟢 Liquidity Sweep below Equal Lows – a textbook smart money move to trap sellers and trigger institutional buy orders.
💥 Breakout with Strong Bullish Candles – confirming buyers stepping in with confidence.
📊 Analyst Ratings show strong buy sentiment, supporting the technical bias.
🎯 Clean Entry Plan: Above ₹300, with ample risk-to-reward up to the ₹410+ zone.
This isn't just a chart play — this is a confluence of price action, liquidity engineering, and smart money footprint. If the breakout sustains, this could very well be the start of a major trend reversal.
🧠 Patience is key. Let price confirm the move above 300 before entering. Risk management remains the king.
Maha Apex - Very Low-Risk setupThe stock price has come to its half in the last 6 months.
This time comes to a crucial low level at multiple support, as seen on the chart.
If it reverses from these levels, it can be a good trade setup with a small risk and big rewards.
The projected targets may be 130/160 or even more.
One has to keep the position size in accordance with the risk management.
All these illustrations are only for learning and sharing purposes, not a buy or sell recommendation.
All the best for your trading journey.
Infy - Long SetupCMP 1550 on 03.04.25
The chart marks all the important levels. The stock price has corrected by around 25% in recent weeks. According to the above setup, it seems to be on the supports.
If it reverses from these levels, it may go into a bullish phase ahead. Possible targets may be 1660/1780/1840.
The setup will lose significance if the price sustains below 1470.
One should keep the position size according to risk management.
All these illustrations are only for learning and sharing purposes, not a trading recommendation.
All the best.
Inverse Head and Shoulder pattern In Silver ? New high Soon?chart shows an Inverse Head and Shoulders pattern in Silver Futures on the 1-hour timeframe.
The neckline (resistance) is marked by the blue zone, which, if broken with strong volume, could confirm a bullish breakout. The projected price movement (black arrow) suggests a potential rally toward ₹106,000.
A confirmation would come if the price breaks above the ₹101,987 - ₹103,000 resistance zone with volume.
Place SL below the right shoulder (~₹100,000) for a safe trade.
LTIM - Low Risk IdeaCMP 4467 on 16.03.25
The chart shows all the critical levels. The price has corrected around 30% in recent weeks. At this moment, it is on support, as seen in the chart.
Considering a possible reversal from the current levels gives an idea of buying with a small risk.
Possible targets may be 4750/5000 and even more, depending on the index movement ahead.
The setup goes weak if the price sustains below 4400 for a couple of days. In given conditions, the strategy should include Hedging tools for better coverage.
All these illustrations are only for learning and sharing purposes, not a buy or sell advice in any case. I am not a registered analyst.
Before entering a trade, be ready to take a loss on what you have decided.
All the best.