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Morning Star

MOTILALOFS - LongIn this chart, price has formed a lower low near the support zone, but RSI has made a higher low. This is called positive divergence and it shows that selling pressure is weakening even though price dipped. It often appears near the end of a down move. Near the same area, a Morning Star pattern is visible. First, there is a strong red candle showing panic selling. Then a small candle appears, showing indecision. Finally, a strong green candle closes well into the body of the first red candle, indicating that buyers are stepping in. What makes this setup more interesting is that it is forming at support, with high volumes, and along with RSI divergence. When price, volume, candles, and momentum align like this, it increases the chances of a short-term reversal or a relief rally. This is for educational purposes only and not a buy or sell recommendation. Markets involve risk, and always use proper risk management before taking any trade.
NSE:MOTILALOFSLong
by PowerOfTA
Trent (W): Bullish Reversal, Trend Reversal at Major SupportTimeframe: Weekly | Scale: Logarithmic The stock is staging a classic reversal after a brutal 2-month correction. The "Morning Star" and "Hammer" combination at the 200-day EMA equivalent support signals that the "Panic Selling" is over and "Smart Money" accumulation has begun. 🚀 1. The Fundamental Catalyst (The "Why") The reversal is driven by a shift in market perception: > Valuation Comfort: After correcting ~50% from the top, the stock's valuation has cooled off significantly, attracting long-term institutional buyers who missed the earlier rally. > Q3 Expectations: Investors are positioning for strong Q3 FY26 numbers, driven by the heavy wedding season demand in December, which directly benefits Westside and Zudio sales. 📈 2. The Chart Structure (The Complex Bottom) > The Floor: ₹3,865 – ₹4,100 zone was a resistance in early 2024 and has now flipped to become a rock-solid support (Polarity Principle). > The Pattern: - Week 1 (Dec 8): Formed a long-legged Doji/Hammer at support (Stopping Volume). - Week 2 & 3: Followed by a Morning Star formation (a bullish reversal pattern). - Current Action: The confirmed Hammer this week shows that every dip is being bought aggressively. 📊 3. Volume & Indicators > Volume: Volume was low during the drop (weak selling). The recent uptick in volume on bullish candles confirms Accumulation . > RSI: The Weekly RSI turning up from the "Oversold" zone (near 30-40) is a high-probability buy signal in strong uptrends. 🎯 4. Future Scenarios & Key Levels The stock is primed for a relief rally that could turn into a new trend. > 🐂 Bullish Targets (The Recovery): - Target 1: ₹4,850. - Target 2: ₹5,625 - Blue Sky: If it clears ₹5,625, the structure shifts back to a full bull run targeting ATHs. > 🛡️ Support (The "Must Hold"): - Immediate Support: ₹4,100 . The "Shoulder" of the reversal pattern. - Stop Loss: A close below ₹3,850 would invalidate the Morning Star and suggest a deeper fall to ₹3,400. Conclusion This is a Grade A Reversal Setup. > Refinement: The structure is "Oversold Bounce" turning into "Trend Reversal." > Strategy: This is an ideal entry point. Accumulate near ₹4,200–4,300 with a stop at ₹3,850 for the ride back to ₹4,850+ .
NSE:TRENTLong
by Learn_with_Pth0mas
#UNIVPHOTO: Reversal Alert at Falling Channel Midline!CMP: 286 UnivPhoto found support ✅ & bounced strongly off the mid-line of the falling channel (245–266 zone), forming a textbook Morning Star on the weekly chart — a classic bullish reversal! ⭐️🔥 Now testing key resistance 310–337 + downtrend line. A breakout could fuel a rally to 484 → 747/818 → 988 (ATH) 🚀🚀 Could this be the end of the multi-year downtrend? Watch closely! 👀✨ #UNIVPHOTO #MorningStar #CandleStickPattern #PriceAction #LongTerm #Investing 📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:UNIVPHOTOLong
by Stocks_Mario
BPCL (D): Forms Bullish MorningStar, Challenges Major ResistanceAfter reversing from a short-term downtrend, BPCL (Bharat Petroleum Corporation Ltd) has flashed a powerful bullish signal. However, this newfound momentum is now running directly into a major, long-term resistance trendline that has capped its progress, setting the stage for a critical battle. The Bullish Setup: A Morning Star at Support Today's price action (Monday, October 27, 2025) was highly constructive for the bulls: - Price & Volume Surge: The stock rallied +3.80% on a strong volume of 11.77 million shares . - Classic Reversal Pattern: This move completed a "Morning Star" candlestick pattern . This is a classic three-candle bullish reversal pattern that often signals the bottom of a downtrend and a new shift in momentum. Broad-Based Technical Strength This bullish pattern is strongly supported by a powerful alignment of indicators across all major timeframes (Monthly, Weekly, and Daily): - Short-Term EMAs: All three timeframes are in a bullish Positive Crossover (PCO) state. - RSI (Relative Strength Index): The RSI is also in a rising trend on all three timeframes. This multi-timeframe alignment indicates that the underlying momentum is broad, synchronized, and strengthening. The Immediate Hurdle: Long-Term Resistance Despite these bullish signals, the stock is now positioned less than 2% below a major long-term resistance trendline formed since its All-Time High. This line represents a significant historical barrier for the stock. Outlook and Key Levels to Watch The stock is at a clear "prove it" moment. The outcome of the battle at this resistance will likely determine the next major move. - Bullish Breakout Scenario: A decisive close above the long-term resistance on high volume would confirm the breakout and validate the Morning Star pattern. This would signal a continuation of the new uptrend, with a potential next target of ₹375 . - Bearish Rejection Scenario: If the stock fails to breach this resistance and momentum fades, it could be rejected. The first key support level would be the bottom of the Morning Star pattern, around ₹325 . In conclusion, the price action in the coming days is critical. All eyes should be on this key resistance level for either a confirmed breakout or a rejection.
NSE:BPCLLong
by Learn_with_Pth0mas
Whirlpool (W) - A Bullish Reversal Faces Its First Major testAfter a significant downtrend, Whirlpool of India is now exhibiting strong signs of a bullish reversal, highlighted by a classic candlestick pattern and a powerful weekly surge. However, it has now arrived at a formidable resistance level that will determine if this new momentum can be sustained. The Bullish Reversal Signals The foundation for this potential turnaround has been building systematically: - Higher Lows: The stock has begun forming a pattern of Higher Lows , indicating that selling pressure is abating and buyers are stepping in at progressively higher prices. - Morning Star Pattern: Crucially, a Morning Star candlestick pattern recently formed at a key support trendline. This is a classic and reliable three-candle bullish reversal signal. Last Week's Explosive Confirmation The bullish reversal signal was powerfully confirmed by last week's price action: - The stock surged by an impressive +18.38% for the week. - This move was supported by a high volume of 14.62 million shares . - This single week's advance erased the losses of the previous five weeks , signaling a dramatic and decisive shift in market sentiment. This renewed strength is supported by a rising Relative Strength Index (RSI) on both the Monthly and Weekly timeframes. The Key Hurdle Ahead The primary obstacle for the bulls is a strong horizontal resistance trendline that has been in place since May 2025. This level has successfully rejected several previous rally attempts, making it a proven barrier. Outlook and Key Levels to Watch The price action in the coming week will be critical, as it will reveal the outcome of the battle between the new bullish momentum and the established resistance. - Bullish Scenario: A decisive breakout above the horizontal resistance on high volume would confirm the reversal and clear the path for a potential move towards the ₹1,700 level. - Bearish Scenario: If the stock fails to breach this resistance and momentum fades, it could be rejected and pull back to test its primary support at ₹1,146. In conclusion, while all signs point to a powerful bullish reversal, confirmation now requires a successful break of the key overhead resistance.
NSE:WHIRLPOOLLong
by Learn_with_Pth0mas
BRITANNIA INDUSTRIES LTD. – INTRADAY ZONE ANALYSIS📈 BRITANNIA INDUSTRIES LTD. – INTRADAY ZONE ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: 15-Minute Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________ 🔹 Price Action Zones 🔴 Top Range (Resistance): ₹5869.50 🟢 Bottom Range (Support): ₹5721 ⚪ Neutral Zone: Between ₹5732 – ₹5804 (No clear directional bias until breakout from either zone) ________________________________________ 🧩 Chart Pattern: No There’s no prominent chart pattern (e.g., flag, wedge, triangle) seen in the current snapshot. This is primarily a demand-supply structure with price action analysis. ________________________________________ 🔁 Reversal Candlestick Patterns: 🔴 Top Range: No textbook reversal candle observed yet. However, the previous rejection from ₹5822–₹5804 still makes this zone valid for bearish observation. 🟢 Bottom Range: ✅ Morning Star pattern identified near ₹5721. This is a strong bullish reversal pattern indicating potential buyer strength emerging from the demand zone. ________________________________________ 🧠 1. Trade Plan (Based on Reason and Logic) 🔼 Bullish Trade: Idea: Go long if price retests ₹5732–₹5721 and holds with bullish confirmation (preferably another higher low or volume spike). Stop Loss: Below ₹5715 Risk-Reward: 1:1 | 1:2+ Logic: Presence of a valid Morning Star reversal at demand zone suggests buyer strength and potential upside toward ₹5800+. ________________________________________ 🔽 Bearish Trade: Idea: Short if price rallies to ₹5822–₹5804 and shows rejection (bearish wick, reversal candle, volume drop). Stop Loss: ₹5827.25 Risk-Reward: 1:1 | 1:2+ Logic: Previously reacted supply zone with strong rejection. If tested again without volume confirmation, short setup is valid. ________________________________________ 📦 2. Trade Plan Based on Demand/Supply Zones 🟥 Supply Zone: ₹5822 – ₹5804 SL: ₹5827.25 Plan: Enter short only if price rejects the zone again with bearish confirmation. Risk-Reward: 1:1 | 1:2+ 🟩 Demand Zone: ₹5732 – ₹5721 SL: ₹5715.60 Plan: Enter long if the zone holds, ideally using the Morning Star as confirmation. Risk-Reward: 1:1 | 1:2+ ________________________________________ 📌 Disclaimer This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation. ________________________________________ 💬 Comments What’s your view on Britannia? Will the Morning Star at the demand zone lead to a reversal, or will supply pressure dominate again? Drop your thoughts and chart setups below 👇 ________________________________________
NSE:BRITANNIA
by simpletradewithpatience
1
ELECTCAST Triple Bottom Pattern🔍 1. Understanding the Triple Bottom The Triple Bottom is a classic bullish reversal pattern that typically forms after a prolonged downtrend or consolidation phase. It signifies strong buying interest at a consistent support level, leading to three distinct price lows (or “bottoms”) occurring near the same price zone. 📌 Key Characteristics: Formation Time: Typically spans 2–6 months Touchpoints: Three distinct lows formed at or near the same support level Pattern Zone (for ELECTCAST): ₹87 – ₹88 Trade Entry: Entry is typically considered on a breakout above the neckline, which is the horizontal resistance connecting the interim highs between the bottoms. In this case, a breakout confirmation would be around ₹96. Stop Loss (SL): Just below the third bottom, e.g., ₹85 Target: Based on pattern depth projection, conservative ₹104, aggressive potential up to ₹120–₹140, once momentum sustains 📉 2. Triple Bottom Formed at ₹87–₹88 Zone Electrosteel Castings has tested the ₹87–₹88 level three times, showing that this price zone has acted as a strong accumulation support. The repeated defense of this level suggests significant buying interest by institutional players or informed investors. 1st Bottom: Initial rejection near ₹88 2nd Bottom: Retest with similar rejection zone 3rd Bottom: Confluence with bullish reversal candlestick (Morning Star) The pattern is visually symmetric and clean, enhancing its reliability. At the third bottom near ₹87, a Morning Star was observed, marking the first visual confirmation of bullish reversal. This adds significant strength to the pattern because the third bottom often acts as a psychological pivot point, triggering buying from traders watching for a reversal. 📈 3. Higher Top – Higher Bottom Structure Emerging Following the Morning Star, the stock has started forming a higher bottom and higher top structure—a fundamental trait of an uptrend. However: 🟡 Caution: One more higher bottom formation is required to confirm the start of a sustainable uptrend. Once the uptrend is firmly established, a close above ₹140 will act as a major breakout signal, potentially propelling the price toward new 52-week highs or an all-time peak. 🧠 4. Accumulation Zone and Triple Bottom – The Relationship An Accumulation Zone is a price range where informed investors quietly accumulate shares over a period, usually when a stock is undervalued or consolidating. 🔗 Connection to Triple Bottom: The Triple Bottom pattern often forms within the Accumulation Zone Each dip to the support level attracts buyers, revealing hidden demand The formation acts as a transition from accumulation to markup phase The breakout from the Triple Bottom signals the end of accumulation and the start of an uptrend Hence, the Triple Bottom is not just a technical pattern, but a visual representation of accumulation dynamics playing out. 📝 Disclaimer This report is intended purely for educational and training purposes. It is not a recommendation to buy or sell securities. Always conduct your own research or consult a certified financial advisor before making trading decisions.
NSE:ELECTCAST
by Arvind_Share_Academy
Coforge-A perfect watchlist stock!Coforge is an IT services company providing end-to-end software solutions and services and is among the top-20 Indian software exporters according to Screener data. Stock has give 20% compounded sales growth in last 5 years which is quite remarkable. Hence, It can be a good stock to be kept in watchlist for medium to long term. Stock had given breakout of cup and handle pattern in weekly time frame and is now retesting the same. Stock has formed a kind of morning star pattern at the retest support zone. Need to watch if it sustains above this zone. As you can see, retest zone also coincides with 50% fib retracement which makes it even stronger. If we see good buying in this stock from here, we can see ATH levels soon and even bigger levels in coming years. However, If stock goes below 61.8% retracement, it is not advisable to hold.
NSE:COFORGELong
by chartistamey
13