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IREDA: Double Bottom in PlayOn the daily time frame, the chart of IREDA has recently displayed a double bottom reversal pattern , a classic technical formation often associated with a potential shift from bearish to bullish sentiment. This pattern, marked clearly on the chart, suggests that buyers may be stepping in at a previously defended price level. In the preceding downtrend, the stock failed to establish a new low and instead broke above a prior swing high, indicating a CHoCH in market structure. This shift is typically interpreted by technical analysts as a transition from bearish to bullish momentum. The RSI is currently above 60 , approaching the overbought zone. While this suggests strong buying interest, it also warrants caution as price may be nearing short-term exhaustion. However, in trending markets, RSI can remain elevated for extended periods. Additionally, the stock has managed to close above both the 20-day and 50-day EMAs, accompanied by increased volume, which adds credibility to the bullish setup. These moving averages often act as dynamic support levels and trend confirmation tools. Based on this technical structure, the next potential resistance levels are identified near ₹160, followed by ₹173 . A technical stop-loss level could be considered at a daily close below ₹140 , which aligns with the double bottom support zone. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are subject to change, and trading decisions should be made based on individual research, risk tolerance, and consultation with a licensed financial advisor.
NSE:IREDALong
by NiftyNotion
WCIL: Bullish Momentum After Demand Zone ReboundFollowing a rebound from a key demand zone in April, the price action of WCIL has entered a bullish trend, which is visually supported by an upward-sloping trendline on the chart. This trendline reflects a series of higher lows and higher highs, indicating sustained buying interest and positive momentum. Between June and mid-August, the stock entered a consolidation phase, moving sideways within a defined range. Despite the pause in upward movement, the price continued to form higher lows and higher highs, which can be interpreted as a sign of accumulation rather than distribution. Last week, the stock retraced to a previous higher high zone and managed to rebound once again, reinforcing the continuation of the bullish structure. This behaviour suggests that buyers are defending key levels and maintaining control of the trend. From a momentum standpoint, the RSI on the daily chart is currently at 70, indicating that the stock is in the overbought zone. However, RSI readings in this range during strong uptrends can also suggest continued strength, especially if supported by volume. Speaking of volume, there has been a noticeable increase in trading activity during the recent uptrend, which adds further confirmation to the bullish sentiment observed on the chart. Based on this technical structure, the next potential long-term resistance level is identified near ₹171 , while a technical stop-loss level could be considered at a daily close below ₹103 , which aligns with a key support zone and trendline structure. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are dynamic, and trading decisions should be made based on individual research, risk tolerance, and consultation with a licensed financial advisor.
NSE:WCILLong
by NiftyNotion
ABFRL: Price Action OverviewFollowing a gap-down opening on June 4, ABFRL entered a consolidation phase, trading within a well-defined supply and demand zone. This range-bound movement suggests a period of accumulation or indecision among market participants. During this consolidation, the stock has formed a double bottom pattern on the daily chart—a classical reversal structure that often indicates a potential shift from a downtrend to an uptrend, provided confirmation follows. An inverted hammer appeared near the second bottom, signaling potential buying interest at lower levels. This was followed by a bullish pin bar, reinforcing the possibility of a short-term reversal. These candlestick formations, especially when occurring near support zones, can be interpreted as early signs of bullish momentum returning—though follow-through price action is essential. If bullish momentum sustains than the stock may attempt to fill the gap left from the June 4 session. The gap resistance level is around ₹84 , which could act as a near-term target for traders monitoring this setup. Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any security. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
NSE:ABFRLLong
by NiftyNotion
KEC International: Bullish Structure with StrengthSince April 7th, the price structure of KEC International has demonstrated a notable bullish trend reversal, characterized by the formation of higher highs and higher lows along an ascending trendline. This pattern is often interpreted by technical analysts as a sign of strengthening upward momentum. A recent Fibonacci retracement, drawn from the swing low to the swing high of the current rally, revealed a pullback to the 38.2% level—a zone commonly viewed as a potential support area within a prevailing uptrend. The stock responded positively to this level, rebounding and subsequently closing above the 61.8% retracement level, which is another key technical threshold. Interestingly, the price has retested the 61.8% level and held firm, suggesting that this area may be acting as a support base. Additionally, the stock has managed to close above its 200-day EMA, a long-term trend indicator that many market participants use to assess broader directional bias. A sustained position above the 200 EMA is generally considered constructive from a trend-following perspective. From a structural standpoint, based on current chart dynamics, the next potential resistance zone appears to be near ₹948, while the suggested support level is around ₹780 . These levels are derived from historical price action and technical confluence zones, and may serve as reference points for monitoring future price behaviour. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are subject to change, and trading decisions should be made based on individual research, risk assessment, and consultation with a licensed financial advisor.
NSE:KECLong
by NiftyNotion
4
INFY: Swing SetupAfter experiencing a sustained downtrend since February 2025, Infosys has recently shown signs of a potential reversal on the daily chart. The stock has managed to close above its 50-day EMA, indicating a shift in short-term momentum and suggesting that buyers are beginning to regain control. The RSI is currently hovering near the 60 level, which reflects improving bullish sentiment without yet entering overbought territory. This positioning often precedes further upside if supported by volume and price action. Additionally, today's price action saw Infosys touch the upper Bollinger Band, a technical signal that often precedes a short-term pullback or consolidation. However, it can also indicate strong momentum if the price continues to ride the band. This move suggests a potential retest of the recent swing high near ₹1480 . From a structural standpoint, the next key resistance level is identified at ₹1648 , which aligns with previous supply zones and Fibonacci retracement levels. On the downside, a logical stop-loss placement would be just below ₹1417 , which serves as a near-term support and a level where the bullish structure would be invalidated if breached. Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any security. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
NSE:INFYLong
by NiftyNotion
Kamat Hotels: Bullish Breakout from Consolidation RangeThe chart of KAMAT HOTELS has shown breakout from critical consolidation zone, marked on the chart. These levels are essential for assessing the current balance between supply and demand. 1. The Support Level (Marked on Chart) This level 221 represents a zone of historical demand where buying interest has previously emerged to halt price declines. It acts as a structural floor for the recent price action. 2. The Resistance Level (Marked on Chart) This level of 281 represents a more formidable area of overhead supply, likely corresponding to a previous significant peak or a major distribution zone. It is the first major target and potential obstacle following a successful breakout. 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. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NSE:KAMATHOTELLong
by NiftyNotion
1
MASTERTR: The Potential Upside OpportunityThe chart of MASTERTR appears to be approaching a critical juncture, marked on the chart. These levels are essential for assessing the current balance between supply and demand. 1. The Support Level (Marked on Chart) This level 129 represents a zone of historical demand where buying interest has previously emerged to halt price declines. It acts as a structural floor for the recent price action. Outlook: As long as the price remains above this support zone, the technical structure can be viewed as neutral to constructive. A decisive breach below this level, particularly on increased volume, would suggest a breakdown in structure and could indicate a potential continuation of bearish momentum. 2. The Resistance Level (Marked on Chart) This level of 169 represents a more formidable area of overhead supply, likely corresponding to a previous significant peak or a major distribution zone. It is the first major target and potential obstacle following a successful breakout. 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. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NSE:MASTERTRLong
by NiftyNotion
1
LODHA: Assessing the Bearish TrendThe stock of LODHA is in a technically confirmed downtrend. The inability of the price to overcome previous peaks, followed by successful breaks below prior lows, confirms a persistent supply overhang. This structure will be considered intact as long as the price remains below its key overhead resistance levels. Key moving averages 20, 50-day EMAs are acting as dynamic resistance. The price is trading below these averages, and they are often observed to be sloping downwards. Rallies toward these moving averages have consistently been met with renewed selling pressure, reinforcing their significance as a ceiling for the current trend. Based on the current bearish structure, the levels, which are marked on the accompanying chart, are critical for navigating the potential price trajectory. (Please refer to the attached chart for a visual representation of these levels) 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. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NSE:LODHAShort
by NiftyNotion
Hatsun Agro: Poised for a Potential Breakout?Hatsun Agro is currently exhibiting a constructive technical setup within a well-defined ascending channel. The price action on July 21st, characterized by a strong bullish candle on significant volume, indicates a robust rejection of the channel's lower support trendline. The stock is now directly challenging a critical horizontal resistance zone. A decisive close above this area could validate the bullish momentum and unlock significant upside potential towards previously established highs. Since April 2025, the stock has been trading within a clear ascending channel. This pattern is inherently bullish, indicating a structured uptrend with higher highs and higher lows. The recent bounce from the lower support trendline ( the red line ) confirms the validity and strength of this ongoing trend. The horizontal zone, marked in green , represents the most immediate and critical hurdle. It is a "confluence zone" where horizontal price resistance (derived from the highs in February and March) intersects with the channel's internal structure. This area has acted as a ceiling, rejecting upward attempts in late May and early June. Breaking this supply zone is the key to unlocking the next leg of the rally. The trading session on July 21st (Today) was accompanied by a substantial surge in volume. This high volume on a strong bullish candle originating from channel support is a powerful signal. It suggests strong buying conviction and provides a robust foundation for the attempt to break through the overhead resistance. The Structural Resistance at ₹1,116.45 This is the most logical and significant primary target following a breakout. This level represents the major high from January 2025. It is a natural magnet for price and a likely area where traders who bought the breakout would look to take initial profits. 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. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NSE:HATSUNLong
by NiftyNotion
BDX: Technical ViewThe stock of BDX currently exhibiting a notable technical setup, with key levels identified on the chart. Support Level: The price has shown consistent buying interest on ascending trend line , indicating a strong base. This level has been tested multiple times, confirming its significance. Resistance Level: The next major resistance is located at $207 , which has historically acted as a ceiling for price movement. A breakout above this level could open the path for further upside momentum. 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. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NYSE:BDXLong
by NiftyNotion
KSOLVES: Upside PotentialThe stock of KSOLVES is currently exhibiting a notable technical setup, with key levels identified on the chart. Support Level: The price has shown consistent buying interest around 311 indicating a strong base. This level has been tested multiple times, confirming its significance. Breakout Level: A potential breakout is observed near 366 . A decisive close above this level, accompanied by increased volume, could signal the beginning of a bullish trend continuation or reversal, depending on the broader context. Resistance Level: The next major resistance is located at 418 , which has historically acted as a ceiling for price movement. A breakout above this level could open the path for further upside momentum. 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.
NSE:KSOLVESLong
by NiftyNotion
1
EMAMI: Technical Outlook UpdateFollowing a prolonged downtrend that began in September 2024, EMAMI Ltd. has recently exhibited signs of a potential short-term trend reversal on the daily chart. The stock has demonstrated a notable uptick in momentum, marked by several key technical developments. The stock has decisively moved above its 200-day EMA, a level often regarded as a long-term trend indicator. This breakout was accompanied by a significant increase in trading volume—approximately 5 times the average volume of the 50-day moving average, suggesting heightened market participation. The RSI has crossed above the 60 level, indicating strengthening bullish momentum, though it is approaching the overbought zone. A bullish crossover in the MACD was observed, further supporting the case for near-term strength. Around ₹600, where the stock is currently consolidating post-breakout. First resistance near ₹650, Second resistance around ₹690. A technical stop-loss could be considered below ₹548, aligning with recent swing lows and support levels. 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 encouraged to conduct their own research or consult with a qualified financial advisor before making any trading decisions.
NSE:EMAMILTDLong
by NiftyNotion