Get started

Moving Averages

CG Power Rebounds After First Major Correction Supported by StroTopic Statement: CG Power has made its first significant correction and is now set on a recovery path in line with the broader market rally. Key Points: * The stock respected a major trendline, receiving strong support during its recent correction * It found repeated and substantial support at the 50% Fibonacci retracement level, reinforcing its base * The correction was signaled by a head and shoulders pattern clearly marked on the chart, leading to the recent pullback before the recovery began * The stock price is very expensive as it is mostly overextended above the 200 day exponential moving average
NSE:CGPOWER
by yogeshwar
Bajaj Auto: Wave 4 Triangle Nearing CompletionAfter completing a complex W-X-Y-X-Z correction earlier this year, Bajaj Auto appears to have started a fresh impulsive rally. The move from 7,089 to 9,004 looks like a 5-wave structure in progress, with the chart now suggesting Wave 4 is unfolding as a contracting triangle. Wave E of the triangle seems close to completion near the lower boundary. SMA100 is aligned with this support zone, potentially offering additional footing for price. The Fibonacci retracement zone (Wave 1–3) lies between 8,046 and 8,273. RSI is stabilizing, indicating that downside momentum is weakening. A breakout from the triangle could signal the start of Wave 5. Key level to watch: Invalidation at 7,612 — a break below this would invalidate the current bullish setup. Note: This chart is part of my ongoing series where I aim to annotate and study as many NIFTY-listed stocks as possible using Elliott Wave principles and simple technical tools. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BAJAJ_AUTOLong
by WaveXplorer
2
PepsiCo (PEP): A Potential Shift from Downtrend Following a prolonged corrective phase that commenced in March 2025, PepsiCo's price action is exhibiting noteworthy signs of a potential bullish reversal. A significant breakout from a multi-week consolidation range on the daily timeframe suggests a possible shift from distribution to accumulation. This hypothesis is supported by strengthening momentum indicators and the reclamation of a key moving average, warranting a closer look at key technical levels. Detailed Technical Analysis: 1. Price Action: Breakout from Consolidation After establishing a clear downtrend, PEP entered a period of consolidation, forming a well-defined trading range with a base near the $127 level. Today's session saw a decisive breakout above the upper boundary of this range. Such a move often indicates an exhaustion of selling pressure and an influx of demand. For this bullish thesis to gain further conviction, continued closes above this breakout zone would be constructive. The quality of this breakout would be further substantiated by an accompanying surge in trading volume, which signals significant market participation. 2. Momentum Analysis: RSI Indicating Renewed Buying Interest Daily RSI: The RSI on the daily chart has surged to 62. A move above the 60 level typically suggests that bullish momentum is accelerating and is now in a strong position. Weekly RSI: On the weekly timeframe, the RSI has advanced above 42. While still below the key 50 midline, this upward trajectory from oversold territory indicates a notable waning of long-term bearish momentum and may be an early sign of a strengthening trend. 3. Trend Analysis: Reclamation of the 50 EMA The stock has successfully achieved a close above its 50-Day EMA. This moving average is a widely watched indicator for the medium-term trend. For much of the recent downtrend, the 50 EMA acted as dynamic resistance. By reclaiming this level, it suggests a potential shift where it may now serve as dynamic support during any subsequent pullbacks. Potential Forward Outlook & Key Levels to Monitor: Primary Area of Resistance: The $143 zone stands out as the first significant technical hurdle. This level could coincide with prior price structure and may attract initial profit-taking from short-term traders. Secondary Area of Resistance: Should the momentum carry the price decisively through the primary resistance, the next major level of interest appears to be around $158 . This area represents a more significant structural resistance from the preceding downtrend. Area for Risk Management: The zone below $127 is a critical area to monitor. This level represents the floor of the recent consolidation base. A sustained break below this level would potentially invalidate the bullish breakout hypothesis and suggest a continuation of the prior downtrend. Disclaimer: The information provided in this technical analysis is for informational and educational purposes only and should not be construed as financial or investment advice. It is an interpretation of historical price data and technical indicators. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve substantial risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NASDAQ:PEPLong
by NiftyNotion
Tata Motors Holds at Key Support, Oversold Levels Hint at PotentTopic Statement: Tata Motors, heavily beaten down and still oversold, is clinging to crucial support that could define its next move. Key Points: * The stock has repeatedly taken support at the 61.8% Fibonacci retracement level, where it currently trades even today * Price is hovering just above the 180-day EMA, suggesting a delicate balance between support and further downside risk * A move up is possible from this oversold level, but if support breaks, the price could slide further toward the 400 zone
NSE:TMPVLong
by yogeshwar
Wipro Trades in a Tight Wedge After Support-Led ReversalTopic Statement: Wipro, a lagging IT stock, has shown signs of reversal after strong support at the 50% retracement level, with a wedge pattern hinting at a decisive breakout ahead. Key Points: * The stock retraced to the 50% Fibonacci level at 225, where it found strong support and reversed * Price had dipped below the 180-day EMA during the correction, further reinforcing the significance of the support zone * A wedge pattern is now forming, and a breakout on either side could define the next major move
NSE:WIPRO
by yogeshwar
BPCL Gains Momentum After Key Support, Faces Resistance AheadTopic Statement: BPCL has made a strong upward move in the recent rally, though key resistance levels and chart patterns suggest caution. Key Points: * A head and shoulders candlestick pattern is visible, indicating potential reversal signals to watch * The stock took heavy support at the 50% Fibonacci retracement level, where it also briefly dipped below the 180-day EMA * Price is currently facing resistance at the 23.6% Fibonacci level near 317, which may act as a short-term cap on further gains
NSE:BPCL
by yogeshwar
BEL Extends Strong Bull Run Amid Geopolitical TailwindsTopic Statement: BEL has surged into a powerful uptrend, fueled by geopolitical tensions and a breakout from its previous downtrend. Key Points: * The stock recently broke out of a downtrending channel and is now moving within a strong bullish uptrending channel * It is rising sharply at a 45-degree angle, reflecting intense buying momentum * The price has significantly overextended above the 180-day EMA, indicating an overbought condition * The uptrend remains intact as long as the price holds within the current bullish channel
NSE:BEL
by yogeshwar
Ultracemco Sideways ( Educational Purpose Only)It is sideways with Golden Death Indicator. VWAP 3 and 30 days are long. Its gaining momentum today. On the long side estimated targets are 11530 and 11630. On the short side estimated targets are 11300 and 11200. At the time of this analysis its trading at 11440. I am not a SEBI-registered investment advisor. Please consult a qualified SEBI-registered advisor before making investment decisions. #ultracemco #stocks #StocksInFocus #StockMarketIndia #Nifty
NSE:ULTRACEMCO
by kumaramritanshu
2
Bajaj Finance Rallies in Bullish Channel Post Stock SplitTopic Statement: Bajaj Finance continues its bullish trend within an up-trending channel, with the recent stock split making the stock more accessible and potentially boosting trading volumes. Key Points: * The stock is moving steadily in a bullish up-trending channel, allowing for consistent channel-based trading * It typically trades above the 180-day exponential moving average, often finding support when touching the EMA * The recent stock split has made the stock price more affordable, which may lead to increased volumes and further upside momentum
NSE:BAJFINANCELong
by yogeshwar
Hindustan Unilever Trades Sideways with Clear Swing Levels in FoTopic Statement: Hindustan Unilever has been moving in a sluggish sideways range for the past four years, offering defined zones ideal for swing trading. Key Points: * The stock has well-defined accumulation and distribution zones, making it suitable for clear swing trade setups * Price is currently just above the distribution zone and trading below the 180-day EMA, making the stock relatively cheap * A breakout from either zone could trigger a strong directional move depending on the breakout side
NSE:HINDUNILVRLong
by yogeshwar
Resistance and support in Indus TowersWe can see in this chart that this counter is respecting levels very well. 1. 330 level was acting as resistance in 2019 and 2021. This was broken and became support since Nov 2024. 2. While 330 was becoming support 375 acted as resistance for jan to mar 2025. 3. Once 375 was broken it became support since April 2025. 4. Good triangle pattern consolidation was happening with support of 375. This triangle pattern is now broken. It is very likely that 450 which acted as resistance in sept 2024 will become new resistance. Additionally 20 & 50 moving avgs are also acting as support nr 375. When support resistance and moving avg are giving same signal it makes a high probable trading opportunity, To trade such setup one need to be careful about risk(loss) and buy on dips and control quantity to keep risk low.
NSE:INDUSTOWER
by yndesai
Maruti Moves Steadily Higher Within a Structured Bullish ChannelTopic Statement: Maruti is on a moderate bullish run, trading within a defined uptrending channel and supported by key price levels. Key Points: * The stock is moving in an uptrending channel, making it suitable for consistent channel-based trading * Price remains mostly above the 180-day EMA, offering good accumulation opportunities near the EMA * Strong support has been observed at the 13,000 level, with crucial long-term support around 11,000 * A breakout above or below these levels could lead to significant directional movement
NSE:MARUTILong
by yogeshwar
5
Tirumalai: The Anatomy of a BreakoutOn the daily chart, TIRUMALCHM appears to be approaching a potential breakout from an ascending triangle pattern, a formation often associated with bullish continuation. Notably, the price has managed to close above all key EMAs, including the 200-day EMA, which is widely regarded as a long-term trend indicator. From a momentum perspective, both the RSI and MACD indicators are showing strength on the daily and weekly timeframes. These signals may suggest the early stages of a sustained upward trend, contingent on broader market conditions and follow-through price action. Given the current technical setup, the stock may be considered for gradual accumulation near the CMP. Alternatively, more conservative participants might prefer to wait for a potential retest of the breakout zone in the coming sessions, which could offer a more favourable risk-reward entry with a next long term resistance of ₹340 . A technical invalidation level could be considered below the ₹251 mark, depending on individual risk tolerance and trading strategy. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are strongly encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions.
NSE:TIRUMALCHMLong
by NiftyNotion