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Bajaj Finserv rides a long-term bullish waveTopic Statement: Bajaj Financial Services continues its evergreen bull run, supported by strong technical structure and improved affordability following its June 2025 stock split and bonus. Key Points: 1. The stock is trading within a bullish up-trending channel, making it ideal for structured channel trading 2. Price rarely dips below the 200-day EMA, and such moments have historically been excellent long-term accumulation opportunities 3. Dips below the 50-day EMA offer favorable entry points for short-term swing trades or quantity accumulation 4. The stock faces stiff resistance at the 2000 level, which has historically acted as a ceiling 5. The June 2025 stock split and bonus have made the stock more affordable, resulting in increased volumes and improved liquidity
NSE:BAJAJFINSV
by yogeshwar
Lloyds Engineering Works Ltd – Ready to Blast from Support Zone!Lloyds Engineering is showing a textbook Inverted Head & Shoulders pattern on the weekly timeframe — a strong reversal formation that often precedes a major uptrend. The support zone near ₹57–₹58 has held firmly for months, acting as a base for accumulation. A bullish structure is clearly visible, with both shoulders aligning near the same horizontal support and increasing volumes hinting at smart money participation. Once the stock decisively breaks above the ₹64 neckline zone, a powerful breakout toward ₹80+ could unfold in the coming weeks. 🎯 Key Levels: CMP: ₹58.73 (+0.22%) Pattern: Inverted Head & Shoulders Support Zone: ₹57 – ₹58 (Strong base) Neckline / Breakout Zone: ₹64 – ₹66 Target Zone: ₹80 – ₹85 Stop-Loss: ₹54 (Weekly close basis) 📊 Technical View: Inverted Head & Shoulders forming over a year-long base. Strong volume spikes near the right shoulder = early accumulation. EMAs flattening and ready for crossover confirmation. Sustaining above ₹64 could ignite momentum breakout toward ₹80+. 🧠 View: Lloyds Engineering looks technically ready for a breakout. With the pattern structure completed and strong volume support, a close above ₹64 can trigger a new uptrend — this one’s “ready to blast.”
NSE:LLOYDSENGGLong
by yatharthshah23
Eicher Motors Ltd – Distribution Zone & Golden Support Level (D)Eicher Motors is showing signs of short-term distribution after a strong uptrend. The price has been consolidating near the ₹6,850–₹7,050 resistance zone, which has acted as a supply area multiple times in recent sessions. Following an extended rally from the breakout of the symmetrical triangle, the stock appears to be entering a cool-off phase — likely testing lower supports such as the golden zone (₹6,300–₹6,450) or mid support (₹5,900–₹6,000) before resuming its larger trend. 🎯 Key Levels: CMP: ₹6,886 (+1.17%) Resistance / Distribution Zone: ₹6,850 – ₹7,050 Golden Zone (Retracement Support): ₹6,300 – ₹6,450 Mid Support: ₹5,900 – ₹6,000 Stop-Loss (if long): Below ₹5,850 📊 Technical View: Price facing resistance near prior highs, forming short-term distribution structure. EMA alignment still bullish, but price is attempting a short-term retest. Golden zone coincides with 38.2–50% retracement levels from the prior rally. A reversal candle or bullish pattern in the golden zone could present a buying opportunity for swing traders. 🧠 View: Eicher Motors remains structurally bullish in the medium term, but a short-term pullback is likely. The ₹6,300–₹6,450 golden zone will be key for a potential bounce, while ₹7,000 continues to act as the ceiling until a clear breakout occurs.
NSE:EICHERMOTShort
by yatharthshah23
Suzlon (W): Cautiously Bullish, Pending BreakoutThis is a classic "wait and watch" scenario. The stock is coiling in a major, year-long consolidation pattern, and the pressure is building. A powerful fundamental catalyst (record-breaking results) is now meeting a critical technical resistance, setting the stage for a significant move. 📈 1. The Long-Term Context - The Run-Up: After hitting its all-time low in March 2020, the stock has been in a massive, multi-year uptrend, which paused in September 2024. - The Pattern: The stock has been consolidating in a Symmetrical Triangle for over a year. This pattern indicates a period of indecision and contracting volatility—a "coiling spring" before its next major trend. - The Foundation: The long-term trend remains bullish, supported by an active Golden Cross (50/200 SMA) on both the Weekly and Monthly charts . 🚀 2. The Current Setup (The Decisive Hurdles) The stock is currently squeezed between two key resistance levels that must be broken: 1. A Short-Term Horizontal Resistance: A minor "lid" formed around ₹59-₹61 . 2. The Primary Angular Resistance: The main, multi-month downtrend line that forms the top of the Symmetrical Triangle. The stock must first break the short-term horizontal level to gain the momentum needed to challenge the main triangle. 📊 3. Indicators & Catalysts Conflicting indicators are observed which is the key. This is a classic feature of a consolidation phase: - Short-Term (Weak): The RSI is down (currently in neutral/sell territory), and the short-term EMAs are not yet in a PCO state . This shows the immediate price action is choppy and lacks momentum. - Long-Term (Strong): The active Golden Cross on higher timeframes shows the underlying trend is still firmly bullish. - The Catalyst: The "good results" are a massive fundamental driver. The company just reported its highest-ever quarterly net profit (a 539% YoY increase) and a record 85% revenue jump . This provides a strong fundamental case for the triangle to break to the upside . 🎯 4. Future Scenarios & Key Levels to Watch This is a "wait for confirmation" setup. 🐂 The Bullish Case (Two-Step Breakout) - Trigger 1 (Short-Term): A decisive, high-volume breakout and close above the horizontal resistance (₹61) . - Target 1: This would likely trigger a quick move to the first target of ₹65 . - Trigger 2 (Long-Term): A sustained move that breaks the main angular resistance of the triangle. - Target 2: This confirms the end of the year-long consolidation and opens the door to long-term target of ₹74 . 🐻 The Bearish Case (Breakdown) - Trigger: If the stock fails to break out (due to weak short-term momentum) and instead breaks the triangle's support . - Target: The price would likely fall to retest the recent support level, which is the identified zone of ₹51 - ₹53 .
NSE:SUZLONLong
by Learn_with_Pth0mas
Thangamayil (M): Strongly Bullish, Blue-Sky BreakoutThis is a high-conviction breakout. The stock has broken out of a year-long consolidation base, created a new all-time high, and is supported by explosive volume and powerful fundamental results. 📈 1. The Long-Term Context (The "Big Picture") - Logarithmic View: On a long-term logarithmic chart, this move is a continuation of a major uptrend. - The Consolidation: After hitting its previous All-Time High (ATH) in October 2024, at ₹2,567.50, the stock entered a year-long sideways consolidation. - Drying Volume: During this phase, volume "dried up," which is a classic bullish sign of seller exhaustion and accumulation by new buyers. 🚀 2. The Decisive Breakout (The November 2025 Event) - The Surge: In the first week of November 2025, the stock shattered this consolidation with a massive +40.17% surge. - High-Conviction Volume: This move was backed by exceptional, non-speculative volume of 3.67 Million shares, confirming strong institutional interest. - New ATH: This surge pushed the stock into "price discovery" mode, creating a new all-time high. 📊 3. The Fundamental Catalyst (Why it's Breaking Out) This powerful technical breakout is fully supported by blowout fundamental news, which gives the move high validity: - Massive Profit: The company reported a sharp Q2 profit turnaround (from a net loss last year to a ₹58.5 Cr net profit). - Record Sales: The company also announced record-breaking sales in October , crossing the ₹1,000 Cr mark for the first time in a single month. 🎯 4. Future Scenarios & Key Levels - Bullish Indicators: The short-term EMAs are in a PCO state and the RSI is rising , confirming the momentum is strong and on the side of the buyers. 🐂 The Bullish Case (Price Discovery) - Trigger: If this momentum is sustained, the stock is in "blue-sky" territory with no overhead resistance. - Target: Projected target of ₹4,150 is a logical next-level based on technical extensions. 🐻 The Pullback Case (Support Test) - Trigger: If the momentum pauses or a pullback occurs (which is healthy after a 40% surge). - Support: The most critical level to watch is the old resistance-turned-support zone at ₹2,560 - ₹2,570 . A re-test and "bounce" off this level would be a textbook confirmation of the new support and an ideal entry point for those who missed the initial breakout.
NSE:THANGAMAYLLong
by Learn_with_Pth0mas
Mamata Machinery Ltd – Support Reversal & Retest Zone (75-min)Mamata Machinery is showing early signs of reversal from a strong support zone around ₹425–₹430. After forming a double-bottom-like structure, the stock has bounced sharply with rising volumes, indicating a possible short-term trend reversal. Currently, price action is approaching a retest zone (Target-1) near ₹465–₹470. Sustaining above this level can open the path toward the next resistance cluster (Target-2) near ₹505–₹515. 🎯 Key Levels: CMP: ₹452.30 (+3.81%) Support Zone: ₹425 – ₹430 Target-1 (Retest Zone): ₹465 – ₹470 Target-2: ₹505 – ₹515 Stop-Loss: ₹425 (on 75-min close basis) 📊 Technical View: Price rebounded from major support with visible volume spike. Structure forming higher lows — early indication of momentum shift. Short-term EMAs turning upward; potential crossover likely soon. Sustained move above ₹470 can confirm breakout continuation toward ₹510+. 🧠 View: Mamata Machinery has reversed from key support and is testing its retest zone. A breakout above ₹470 could trigger a short-term rally toward ₹510, while maintaining a stop-loss below ₹425.
NSE:MAMATALong
by yatharthshah23
2
Bharti Airtel climbs relentlessly but risks overbought correctioTopic Statement: Bharti Airtel is on a strong bull run, maintaining momentum within a defined channel, though overbought conditions hint at a potential correction risk. Key Points: 1. The stock is moving in a bullish up-trending channel, making it ideal for channel-based trading 2. Price generally remains above the 50-day EMA, signaling continued strength 3. The stock is currently highly overbought, and a sharp correction may be on the horizon as risk builds
NSE:BHARTIARTL
by yogeshwar
Sun Pharma trades sideways within a defined rangeTopic Statement: Sun Pharma has remained in a sideways zone throughout the year, presenting recurring opportunities for accumulation at key technical levels. Key Points: 1. The stock is rangebound between 1550 and 1800, with no clear breakout direction so far 2. It consistently takes strong support at the 23.6% Fibonacci retracement level at 1568 3. The stock can be accumulated when it dips below the 50-day EMA, with heavier investment opportunities when it falls below the 200-day EMA
NSE:SUNPHARMA
by yogeshwar
WOCKPHARMA | Strong 200 EMA Support – Bounce Trade Setup Active🧠 Analysis Summary: The stock has bounced from 200 EMA support (~₹1,200) multiple times historically. Current price action shows a bullish candle forming near this key level. This setup has offered 2X+ gains in past instances. 🔍 Key Levels: Action Price CMP ₹1,251.60 Entry Zone ₹1,210–₹1,230 Stop Loss ₹1,170 Target 1 ₹1,350 Target 2 ₹1,400 200 EMA ₹1,200 🔄 Historical Bounces from 200 EMA: 📍 Aug 2024 – Bounce from ₹700 to ₹1,400+ 📍 Oct 2024 – Bounce from ₹850 to ₹1,200+ 📍 Mar 2025 – Bounce from ₹1,170 to ₹1,350 📍 May 2025 – Current bounce initiated ⚠️ Risk Note: Break below ₹1,170 may invalidate this setup. Keep SL tight. 🧾 Disclaimer: This is not investment advice. Always do your own research or consult a financial advisor before taking any position.
NSE:WOCKPHARMALong
by manoharlikeit
City Union Bank (M): Strongly Bullish, Testing All-Time HighThis is a powerful long-term breakout setup. After a 4.5-year consolidation, the stock has broken its primary resistance and is now challenging its 2020 all-time high. The bias remains strongly bullish as long as the key support at ₹200 holds. 📈 1. The Long-Term Context - The 2020 Peak: After hitting its All-Time High (ATH) in January 2020, the stock experienced a significant fall, losing nearly half its value. - Multi-Year Base: For the next 4.5 years (from late 2020 to 2025), the stock traded in a wide, sideways consolidation range. - The "Lid": This entire consolidation was capped by a formidable horizontal resistance trendline (formed since Nov 2020) at approximately ₹200-₹210 . 🚀 2. The Current Breakout (The Decisive Move) - Initial Breakout: The stock first broke above this multi-year resistance in June 2025. - Confirmation: After the breakout, the stock successfully "re-tested" this old resistance level multiple times, confirming it had flipped into new support. - The Surge: The surge in October 2025 confirmed this new support was valid, pushing the stock decisively away from the breakout zone and confirming the move was not a "fakeout." 📊 3. Key Technical Indicators - Volume: Volume contracted (dried up) during the long 3-month consolidation phase before the October surge. This is a classic bullish sign of accumulation. - Long-Term EMAs: The stock is trading well above its 100-day and 200-day EMAs, confirming the long-term trend is firmly bullish. - Short-Term Indicators: Note: Following a minor pullback from the October highs (from ~₹240 to ~₹228), the very short-term indicators have cooled off. The short-term EMAs and RSI (Relative Strength Index) have dipped from "overbought" to neutral, which is a healthy reset before a potential next move. 🎯 4. Future Scenarios & Key Levels to Watch The path is now defined by two critical levels: 🐂 The Bullish Case (ATH Breakout) - The Hurdle: The final hurdle is the ATH resistance zone from January 2020 (approx. ₹249 ). The stock is currently less than 10% below this level. - Trigger: A decisive, high-volume breakout and close above the ₹250 mark. - Target: A successful breakout would put the stock into "blue-sky" price discovery target of ₹335 . 🐻 The Bearish Case (Breakout Failure) - Trigger: The stock fails to break the ATH, and momentum fades. - Confirmation: A high-volume rejection from the ATH, followed by a break below the critical support. - Support: The most important level to watch is the old resistance-turned-support at ₹200 . A break below this would invalidate the bullish breakout thesis.
NSE:CUBLong
by Learn_with_Pth0mas
Good bearish setup on the higher time frame.Asian paints is one of the leading paint manufacturer in country and for the last few months the stock is trading in a parallel channel there are chance of it trying to retest the previous support zone of around 2700 levels before entering into another bearish leg. Fundamentally stock shows some negativity as ~45% YoY decline in consolidated net profit in Q4 FY25. Revenue slipped 4.3% YoY in this quater. Net profit fell 23.3% YoY in Q3 FY 2025. Technically too the stock look to form bearish Flag and Pole pattern with a possible retracement to around 1700-1800 levels in upcoming months. RSI is around in between on the monthly charts which is not in confluence. BBand shows that the stock is trading below the median line of the band and chance of it travelling to the lower band it possible as stock it below the median line for around 11 months. Exponential moving averages : 100 EMA on the monthly charts is providing good support to the stock while 20 & 50 EMA are acting as the resistance on the same time frame. Target are different as per the trading setup. Support and Resistance Entry only once the channel is breached and retested. Targe : 1815-1925 zone. Bollinger Band Entry has been triggered as per the BB strategy. Target : 1935 EMA As per the EMA strategy, there will be multiple entries in the stock. Entry will be made once the stock closed below the 100 EMA. Target : 200 EMA.
NSE:ASIANPAINT
by TheMamboMomentum
Vedanta (M): Bullish, but at a critical decision point.The stock is currently consolidating in a tight range after a historic, multi-decade breakout. The price is now coiling for its next major move. The key is whether the old resistance at ₹490 holds as new support. 📈 1. The Long-Term Context (The "Big Picture") - Historic Breakout: After a long sideways trend, the stock finally broke its 14-year resistance line (dating back to April 2010) and subsequently set a new All-Time High (ATH) in December 2024. - Consolidation Phase: Since that ATH, the stock has not rallied further but has entered a healthy sideways consolidation. This is a common pattern where a stock "digests" its massive gains and builds a new base. - Failed Attempts: As you noted, there have been several attempts to break out of this new, smaller consolidation channel, but all have failed so far. 🔍 2. The Current Setup (The Decisive Range) This consolidation has created two very clear levels that define the stock's next move: - Short-Term Resistance: The ATH set in late 2024 (around Sep/Dec). - Critical Support: The old long-term resistance level at ₹490 . This is the most important level to watch. The recent surge this month ( +5.96% on 236.66 Million in volume ) was another test of the top of this channel, which was not yet successful. 📊 3. Key Technical Indicators The underlying momentum supports a bullish resolution: - RSI: The Relative Strength Index is rising, showing that buying strength is quietly building. - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state, signaling positive momentum. 🎯 4. Future Scenarios & Key Levels to Watch The price action in the coming days and weeks is critical. Monitor these two potential scenarios: 🐂 The Bullish Case (Continuation) - Trigger: A decisive, high-volume breakout and close above the short-term resistance (the post-2024 ATH). - Confirmation: This would confirm the consolidation phase is over and the next leg of the primary uptrend has begun. - Target: The next logical price target is projected to be ₹650 . 🐻 The Bearish Case (Breakdown) - Trigger: The breakout fails, and selling pressure pushes the stock below the critical support floor. - Confirmation: A high-volume close below ₹490 . This would be a significant failure, as the "resistance-turned-support" level would have broken. - Target: This breakdown would signal a deeper correction. Conclusion The bullish indicators (RSI, EMAs) combined with the recent high-volume surge suggest buyers are accumulating. The primary focus should be on the ₹490 level . As long as it holds, the bias remains bullish, and this is just a pause before the next rally to the ₹650 target.
NSE:VEDLLong
by Learn_with_Pth0mas
Graphite (D): Mighty Dual-Resistance Breakout Signals Major RevAfter being in a multi-year downtrend since its All-Time High (ATH) in August 2018, Graphite India (GRAPHITE) is showing compelling signs of a major trend reversal. Today's powerful price action has broken through two critical resistance levels, suggesting a new uptrend may be underway. The Long-Term Bottoming Process While the stock peaked in 2018, a very long-term bottoming process has been in place. Since April 2020, the stock has been forming a pattern of Higher Lows (clearly visible on the Monthly chart), indicating a gradual shift from supply to demand over the years. Although there was a more recent downtrend from May 2024, that appears to have reversed starting in March 2025. Today's Decisive Dual Breakout Today's session (Wednesday, October 29, 2025) was technically very significant: - Strong Price Surge: The stock rallied by +6.82% . - Massive Volume: The move was supported by a huge volume of 8.6 million shares , indicating strong buyer conviction. - Dual Resistance Breach: In a powerful display, the stock broke out and closed above two key resistance levels simultaneously : 1. A long-term angular resistance trendline in place since October 2018. 2. A short-term horizontal resistance trendline formed since May 2024. Breaking through a confluence of long-term and short-term resistance on high volume is a potent bullish signal. Broad-Based Technical Strength This breakout is strongly supported by a clear alignment of momentum 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. Outlook and Key Levels to Watch With this dual breakout, the technical landscape has shifted significantly in favor of the bulls. - Bullish Target: If the stock can sustain this momentum, the next logical area of resistance and potential price target is the ₹709 level. The ideal confirmation, would be a successful re-test of the broken resistance zone followed by a bounce. - Critical Support: If this breakout proves to be a "fakeout" and the price falls back below the broken resistance, the key support level to watch is ₹608 . A close below this would negate the bullish signal. In conclusion, today's action represents a potentially major turning point for Graphite India. Confirmation via a successful retest would provide the highest confidence that a new long-term uptrend has begun.
NSE:GRAPHITELong
by Learn_with_Pth0mas
Adani Green (D): Surges 10.79% But Fails at Key ResistanceAfter being in a downtrend since June 2024, Adani Green is showing clear signs of a potential trend reversal. Since March 2025, the stock has been building a bullish base by forming a constructive pattern of Higher Lows . However, this new uptrend is now facing its most significant test. Today's Battle at Resistance The stock's upward progress has been blocked by a major horizontal resistance trendline . Today's session (Wednesday, October 29, 2025) saw a powerful attempt to break this level: - The stock surged by an impressive +10.79% . - This move was backed by a very strong volume of 36.23 million shares . Critically, despite the significant buying pressure, the stock was unable to close above this key resistance level , indicating that sellers are still actively defending this zone. A Mixed Technical Picture The technical indicators paint a picture of a new uptrend that is still fighting to confirm itself: - Bullish Signals: - The RSI (Relative Strength Index) is in a rising trend across the Monthly, Weekly, and Daily timeframes. - A long-term SMA Golden Crossover has been in effect for the past month. - Lagging/Cautionary Signals: - The short-term EMAs have not yet formed a bullish Positive Crossover (PCO) state on the Daily and Monthly charts. This suggests the new uptrend is still in its early and unconfirmed stages. Outlook and Key Levels to Watch The stock is at a classic "prove it" moment. The battle at this horizontal resistance is the key. - Bullish Scenario: A decisive, high-volume close above the resistance trendline is required to confirm the breakout and validate the new uptrend. If this occurs, the path could open for a move toward the *₹1,445 level. - Bearish Scenario: If today's move was a "bull trap" and momentum fades, a rejection from this level could send the stock back to test its recent support, with a potential downside to ₹995 . Given that the stock is attempting to reverse a significant downtrend, this resistance is a major hurdle. Caution is warranted until a successful breakout is confirmed with a strong daily close above the line.
NSE:ADANIGREEN
by Learn_with_Pth0mas
2
Sai Silks (D): Confirms Major Breakout with Successful RetestAfter a long downtrend that ended in May 2025, Sai Silks (Kalamandir) has been in a clear trend reversal, establishing a constructive pattern of Higher Lows . This new uptrend has now achieved a significant technical milestone. The Breakout and Confirmation The stock's primary challenge was a long-term horizontal resistance trendline that had been in place since May 2024. This level has now been decisively cleared in a two-step process: 1. The Breakout (Yesterday): The stock successfully broke out and closed above this key resistance, signaling a major victory for the bulls. 2. The Confirmation (Today): Today, this breakout was put to the test. The stock gapped up at the open, but bears tried to push the price back down, resulting in a re-test of the old resistance line . In a very strong bullish sign, the level held. The stock closed positive at +2.28% on massive volume of 72.88 million shares, confirming that the old resistance has successfully flipped into new support. Broad-Based Technical Strength This powerful "Breakout and Retest" pattern is strongly supported by a complete alignment of momentum indicators. The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, and the Relative Strength Index (RSI) is rising across all three timeframes: Monthly, Weekly, and Daily . This multi-timeframe alignment confirms that the underlying momentum is broad, synchronized, and strengthening. Outlook and Key Levels to Watch The successful re-test is a high-conviction signal that the primary trend has shifted and is poised to continue upwards. - Bullish Target: If this bullish momentum continues, the next logical area of resistance and potential price target is the ₹270 level. - Critical Support: The most immediate support level to watch is now ₹191 . A failure to hold above this level would be a cause for concern and would suggest the breakout has failed.
NSE:KALAMANDIRLong
by Learn_with_Pth0mas
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
Jayneco (W) - Breaks Out on Massive VolumeAfter an incredible 181%+ rally since April 2025, Jayaswal Neco Industries (JAYNECO) has been consolidating in a sideways trend for the past few weeks. This period of consolidation has now been decisively resolved to the upside. This Week's Powerful Breakout The past week's price action (ending Oct 24, 2025) was a significant win for the bulls: - Strong Price Surge: The stock rallied by +15.95% for the week. - Enormous Volume: This move was backed by a massive volume of 67.09 million shares , confirming strong buyer conviction. - Key Resistance Breach: The surge shattered the consolidation's upper resistance trendline, and most importantly, closed the week above it . Broad-Based Technical Strength The breakout is underpinned by strong momentum across multiple timeframes. On both the Monthly and Weekly charts: - The short-term Exponential Moving Averages (EMAs) are in a bullish Positive Crossover (PCO) state. - The Relative Strength Index (RSI) is in a rising trend. This alignment confirms that the primary momentum is strongly bullish and supports the case for a new leg up. Outlook and Key Levels to Watch With the resistance now cleared, the path of least resistance has shifted firmly upwards. - Bullish Target: If this strong momentum is sustained, the next logical area of resistance and potential price target is the ₹84 level. - Critical Support: The recently broken resistance, around the ₹75 level, now becomes the most critical new support zone. As you noted, the price action next week will be crucial. Traders should watch for follow-through buying or a potential retest of the ₹75 breakout level, which would now be expected to act as strong support.
NSE:JAYNECOINDLong
by Learn_with_Pth0mas