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BHEL: Long Setup OnThe stock of Bharat Heavy Electricals Limited (BHEL) recently tested a significant resistance level near ₹265 and has since begun a retracement phase. Current price action suggests a pullback toward a demand zone around ₹278 , which may act as a short-term support area. The initial resistance at ₹265 served as a barrier to further upside, prompting the current retracement. The previous resistance level may now function as a support zone, a common occurrence when price breaks above and then retests prior resistance. If the stock resumes its upward trajectory after consolidating near the demand zone, the next major resistance is projected around ₹321 , based on historical price action and chart structure. The area near ₹278 is being monitored as a potential demand zone, where buying interest could emerge to support the price. Immediate Support: ₹265 Demand Zone: Around ₹278 Next Resistance: ₹321 Disclaimer: This analysis is provided for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions can change rapidly; traders should conduct their own research or consult a licensed financial advisor before making any decisions.
NSE:BHELLong
by NiftyNotion
Jio Financial – Breakout Base Forming | Momentum Rebuilding Structure Price forming a clean ascending triangle with horizontal resistance near ₹285–289. Higher lows forming consistently → accumulation behaviour visible. Trend & Momentum Trading above 21 EMA and 200 EMA, trend supportive. RSI holding above 55, bull-range intact. MACD flattening & attempting a positive crossover. Volume Contraction during consolidation → typical pre-breakout behaviour. Key Levels Breakout Trigger: Close above ₹289 Supports: ₹270 → ₹263 Invalidation: Close below ₹263 Bias Bullish above breakout zone Monitoring for volume expansion and strong close.
NSE:JIOFINLong
by Punit190
2
“Nifty Auto: Flagging Before the Next Leg?”Nifty Auto – Flagging After a Major Reversal Big inverted Head & Shoulders completed on Nifty Auto with breakout above ~24,200. Post-breakout, index is forming a bullish flag between ~26,300 (support) and ~27,500 (resistance). Price action: trading above 9 & 21 EMAs, both starting to slope up again. RSI: holding above 60 → bull range intact. MACD: trying to turn positive → early signs of fresh momentum. Trigger: Bullish: Close above 27,500 can open the door to new highs in Auto. Risk: Breakdown below 26,300–26,400 would weaken the pattern and short-term bias. RRG lens (vs Nifty Auto benchmark): Sector tail moving Improving → Leading → Auto regaining relative strength. Leaders: M&M – strong RS & momentum in Leading quadrant. Ashok Leyland – still in Leading, though momentum needs monitoring. Early improving: Motherson – turning up from Lagging, watch for follow-through. Laggard: Hero Moto – remains in Lagging; not a leadership candidate yet.
NSE:CNXAUTOLong
by Punit190
Biocon breaks out of 4-year consolidationStructure: Breakout from a long-term 4-year consolidation base Volume: Strong expansion indicating institutional participation Momentum: RSI > 70 and holding → bullish trend zone MACD positive and rising → trend confirmation Trend: 9 EMA > 21 EMA > 200 EMA → multi-timeframe trend alignment Sector Strength: Pharma sector outperforming (Sun Pharma, JB Chem, Lupin, Biocon) Broad-based buying visible across sector Bias: Bullish as long as price sustains above breakout levels Invalidation: Close back below breakout zone or loss of EMA/MACD trend
NSE:BIOCONLong
by Punit190
AETHER Bullish Reversal Setup with Strong Risk-Reward PotentialAether Industries Ltd is showing signs of a potential trend reversal from a well-established support zone, supported by a descending triangle breakout pattern and improving technical indicators. This setup suggests a strong risk-reward opportunity for swing traders and positional investors. ⚡ Key Technical Points: 🔵 Descending Triangle Breakout Potential: The price is nearing a breakout from a long-term descending triangle. A breakout above the trendline (~₹778–₹790) could trigger a strong uptrend. 🟢 Strong Support Zone: ₹700–₹720 has held as solid support multiple times (as marked by green arrows), indicating strong demand at these levels. 🟩 Bullish Divergence on RSI: Relative Strength Index (RSI) is showing higher lows while price remains flat or lower, indicating bullish divergence—a sign of potential reversal. 🟢 Favorable Entries: 735, 720 🔴 Stop-Loss: Below 695 (Strong breakdown confirmation) 📈 Target 1 – 838.05 (Previous key swing high) 📈 Target 2 – 943.60 (Next resistance level from historical price structure) ✅ Why This Is a Technically Strong Setup: ✅ Multiple Support Bounces: 700–720 zone has been tested at least 4 times in the last year, showing strength. ✅ Volume-Based Reactions: While volume is low now, past spikes at support zones suggest institutional interest. ✅ Clear Risk Management: Stop-loss is tight (~6–7%) with targets offering 1.5–3x risk-reward potential. ✅ Potential Trend Reversal: Break above descending trendline and moving averages could signal a shift to bullish structure. ✅ Long Base Formation: The stock has been consolidating for over a year—long base formations often lead to explosive moves. 📢 Disclaimer: This is not financial advice. Always do your own research or consult with a professional before making investment decisions.
NSE:AETHERLong
by Pattern_Ninja
EUR/USD – Growth Opportunity After Positive DataThe EUR/USD pair is currently trading around 1.1612, up by 0.2% ahead of the September industrial production data from the Eurozone. This data is expected to show a 0.7% recovery for the month, following a sharp 1.2% decline the previous month. This is a positive signal for the Euro and could create a strong growth opportunity for EUR/USD. Technical Analysis: The chart shows that EUR/USD is attempting to break the 1.16500 level, which indicates a test towards 1.16800 in the short term. If the pair continues to maintain this trend, it may break through strong resistance and target 1.17000. However, this may require additional support factors, such as weak data from the U.S. or more positive macroeconomic signals for the Euro. Conclusion: With the factors from industrial production data and technical signals , I believe EUR/USD has the potential to continue increasing in the short term, but further confirmation from economic data is needed for a stronger breakout. If the price holds above 1.160 and breaks resistance, 1.170 will be the next realistic target.
Long
by Paradise_Noir
XAUUSD – When the Market Starts to “Smell” a Bullish MoveLooking at the current price action, it’s quite clear that gold is entering a new bullish phase supported by both fundamental catalysts and smart money flow . With the U.S. government preparing to reopen and key economic data returning, investors are increasing their bets on the possibility that the Fed may cut interest rates next month . In a climate where political and economic uncertainty is still lingering, gold naturally becomes a preferred safe-haven asset. On the chart, XAUUSD is maintaining a clean and steady uptrend , consistently bouncing from the trendline and forming higher highs and higher lows. These precise retests show that buyers are firmly in control . Price is now moving towards the 4,300 zone, where some short-term volatility may appear before heading further into the 4,380 resistance. As long as gold holds above the trendline support , the market can continue its bullish momentum in the coming sessions. Every pullback at this stage acts like a fresh boost , giving buyers more strength to push the market higher.
OANDA:XAUUSDLong
by Paradise_Noir
1
CDSL Breakout from Falling Wedge – Can It Rally to 1830+?CDSL has recently broken out from a classic falling wedge pattern, a bullish technical setup that often signals a trend reversal or continuation of the broader uptrend. After months of being compressed between a descending resistance and a well-established support line, the stock has now pierced through the upper resistance zone with notable bullish momentum. The wedge had formed over several months, creating lower highs and relatively equal or slightly rising lows. The pattern was further supported by a confluence with the 200 EMA, which acted as a critical dynamic support near the breakout zone. This alignment of technical indicators added strength to the breakout confirmation seen recently. With this breakout, CDSL has now opened doors for higher targets. The immediate Target 1 is set at ₹1650, which also aligns with a recent horizontal resistance zone. Once this is breached, the next move could extend toward Target 2 at ₹1750, a level where previous price action has shown hesitation. If momentum continues to build and the broader market supports the move, the final projected target of ₹1830+ becomes achievable in the short to medium term. However, it’s crucial to note that the support zone below ₹1480 is acting as a critical invalidation point for this bullish setup. Any strong breakdown below this zone, especially with volume, would fail the bullish structure and may push the stock back into consolidation or a deeper correction. Traders must also watch the red dotted trendline, which represents a former resistance turned possible retest zone. Overall, the technical landscape is now favoring the bulls, especially after the breakout confirmation and support from the 200 EMA. Traders and investors should monitor price action near the projected levels and manage risk accordingly, while riding the momentum above the wedge resistance.
NSE:CDSLLong
by TradZoo
Grasim Industries (CMP ₹2,891.7)Pattern: Cup and Handle — retesting neckline post breakout. Structure: Throwback towards neckline near ₹2,885–₹2,900 zone; strong recovery from base. Indicators: RSI above 55, turning upward. MACD bullish crossover holding. 21 EMA > 50 EMA > 200 EMA — uptrend intact. Trade Plan: 📈 Buy above: ₹2,902 🛑 Stoploss: ₹2,851 🎯 Targets: ₹2,963 / ₹3,035 View: Excellent structural strength; watch for breakout confirmation with volume.
NSE:GRASIMLong
by Punit190
Ashok Leyland (CMP ₹141.5) Pattern: Cup formation nearing neckline resistance. Structure: Price consolidating near resistance zone of ₹143–145 after a rounding bottom recovery. Indicators: RSI steady around 60, mild bullish bias. MACD positive, slightly flattening — needs fresh momentum. Price above 50 & 200 EMA — trend intact. Trade Plan: 📈 Buy above: ₹144 (confirmation above neckline) 🛑 Stoploss: ₹140 🎯 Targets: ₹149 / ₹152.4 View: Short-term consolidation but potential continuation if ₹144 breaks with volume.
NSE:ASHOKLEYLong
by Punit190