ICICI Bank Price Forecast 2026 - 2027🏦 ICICI Bank: Wave ((V)) Developing - 1610 or 1752+ Next?
According to Elliott Wave Theory, the previous Wave ((IV)) appears to have completed around 268.30 in March 2020. From that low, NSE:ICICIBANK began a major advance that can be interpreted as the developing Wave ((V)).
The first leg of this larger advance, Wave (I) , developed from March 2020 to October 2021, reaching around 867 . A corrective Wave (II) then followed, ending around June 2022 near 642.15 .
⭕ Wave (III) — De
Nsestocks
AZAD: 3000 Breakout Could Test 3192 – 3484📊️ NSE Azad Engineering Stock: Wave (iii) in Progress
NSE:AZAD appears to be developing a potentially larger impulsive advance on the daily chart.
Wave (i): 642.40 → 2080
Wave (ii): 2080 → 1159.50
The decline into 1159.50 held well above the origin of Wave (i), keeping the larger bullish impulse structure technically intact.
The current advance from 1159.50 is being considered as a potential Wave (iii).
Price is now approaching an important resistance area around 2900–3000. Recent
HDFC Bank Stock: Is Wave 5 Targeting 698 - 664 - 616?📊 NSE:HDFCBANK : 698 - 664 - 616 — Where Could Wave 5 End?
HDFC Bank appears to be developing a larger bearish Elliott Wave structure on the 240-min chart.
- The decline from around 994 appears to have formed a larger Wave 3 , subdividing into five smaller waves and terminating near 732.30 . The subsequent recovery appears to have formed a corrective Wave 4 , with an A-B-C structure and a termination/confirmation area near 841.25 .
- From that 841.25 high, price has turned sharp
KROSS — Long-Term Symmetrical Triangle Setup🔺 KROSS — Long-Term Symmetrical Triangle Setup
KROSS LTD | 1D
Kross is currently trading inside a long-term contracting triangle / symmetrical triangle structure, with price approaching the upper descending trendline.
The setup is interesting because the stock has repeatedly respected both boundaries, creating a clear compression zone.
📊 Key levels
Current price: ~₹209
🔴 Immediate resistance: ₹215–₹220
🔴 Major breakout zone: ₹220–₹225
🟢 Immediate support: ₹200–₹195
🟢 Major support: ₹180–₹
SKIPPER — Multi-Year Trendline Breakout Setup🚀 SKIPPER — Multi-Year Trendline Breakout Setup
Skipper Ltd. is approaching a major technical inflection point on the daily chart.
The stock has been trading under a long-term descending resistance trendline formed from the major peak around late 2024. After months of consolidation, price has now moved strongly toward/above this resistance area with a noticeable expansion in volume.
🔥 What I'm watching
Trendline: Multi-touch descending resistance spanning roughly the last 2 years.
Current p
NBCCNBCC 8–12 Month Stock View
📊 NBCC (India) — 8–12 MONTH INVESTMENT VIEW
Buying Zone: ₹78–₹70
Target 1: ₹120 🎯
Target 2: ₹130 🎯
Time Horizon: 8–12 Months
NBCC continues to attract attention on the back of a strong order pipeline and improving profitability. The company entered FY27 with a consolidated order book of approximately ₹1.28 lakh crore, while FY26 consolidated PAT grew around 33% YoY, highlighting strong business visibility.
From an investment perspective, ₹70–₹78 can be considered
LTM Limited - SMART MONEY ACCUMULATION? (0.08.2026)LTM Limited continues to respect a well-defined ascending channel , maintaining a strong bullish market structure with consistent higher highs and higher lows. After breaking market structure (BOS), price delivered an impulsive rally before entering a healthy consolidation phase. The recent pullback is approaching a confluence area that includes a Bullish Order Block, Fair Value Gap (FVG), and the lower boundary of the bullish channel, making this one of the most important zones to monitor. NSE
PARADEEP PHOSPHATES LTD (NSE: PARADEEP) — DAILY CHART ANALYSISNSE:PARADEEP has been trading within a descending parallel channel since the swing high near ₹230+. Within this channel, price has carved out a clean A-B-C corrective structure:
A – Initial impulsive down-move from the highs, marking the start of the channel
B – Corrective bounce, forming the upper boundary reaction point
C – Final leg down into a falling wedge / converging triangle, tapping the lower channel trendline
Price has now broken and started trading above the internal paralle
CEAT LIMITED – WOLFE WAVE PATTERNNSE:CEATLTD | DAILY CHART ANALYSIS
Wolfe Wave — Pattern Recognition:
A Wolfe Wave is a 5-point reversal/continuation structure that reflects natural market equilibrium-seeking behavior — price oscillates between two converging trendlines before making a sharp move to retest the "EPA line" (Estimated Price at Arrival).
Mapping chart's points:
Point 1 → first swing high
Point 2 → swing low
Point 3 → higher high
Point 4 → higher low (inside the channel formed by 1-3)
Point 5 → final swing lo
CUP & HANDLE BREAKOUT SETUP — DELHIVERY LIMITEDEXCHANGE: NSE | NSE:DELHIVERY | TIMEFRAME: DAILY
PATTERN OVERVIEW
Delhivery has formed a CUP AND HANDLE pattern on the daily chart, one of the more reliable continuation patterns in technical analysis.
CUP FORMATION: A smooth, rounded bottom formed as price gradually corrected and then recovered, testing the rim resistance zone.
HANDLE FORMATION: A tight, controlled pullback near the resistance level, showing sellers losing steam and supply drying up — a classic sign of accumulat
SANSTAR - Volume Backed Bullish ExpansionSanstar has delivered a decisive breakout from a well-structured consolidation phase, supported by strong buying interest and healthy volume participation. The move reinforces the prevailing bullish trend and suggests the potential for further upward momentum in the near term.
The stock continues to maintain a pattern of higher highs and higher lows, reflecting sustained strength and positive market sentiment. As long as the rising trend structure remains intact, the outlook continues to favor
NSE ZEEL Could Be Nearing the Start of Its Next RallyNSE:ZEEL is still trading inside a falling corrective structure after the rejection near the 91. Price continues to make lower highs inside the channel, which shows that short-term momentum is still weak.
The current decline is now getting close to the important 79 - 80 support zone. This area also matches the projected completion region for wave 4, so there is a chance the selling pressure may begin slowing down from here.
For now, the structure remains corrective while the price stays ins
NSE GAIL: One Final Dip Before the Real Rally?NSE NSE:GAIL constructed a five-wave impulsive formation from the low of 43.73 . This structure indicates a long-term bullish atmosphere. The stock has completed wave 3rd at 243.95 . Currently, the stock is forming the ending diagonal in wave C of wave 4.
After the breakout of the parallel channel, Elliott wave projection indicates the following targets: 188 , 224 , and 241 .
But the price will fall for the final wave to complete the ending diagonal and wave 4. GAIL has already entere
HINDALCO Bearish Breakdown Setup | Positional Trade OpportunityStock Name: HINDALCO
(swing trading)
Entry Point: Considering a positional short opportunity if price sustains below the current support zone with bearish confirmation.
Target: S2, S3 levels based on price action and downside momentum.
Analysis:
HINDALCO is showing weakness after breaking below the support zone near CPR levels. Price structure indicates bearish momentum with lower high formation on the 30-minute timeframe. The setup may continue for the next few sessions if selling pressure
JBCHEPHARM | Daily TF | Swing tradeJB Chemicals & Pharmaceuticals Ltd.
Sector: Pharma | Timeframe: Daily | Bias: Bullish
Setup Type: Range Breakout / Trend Continuation
Observation:
Price is consolidating just below resistance around ₹2,020–2,030 (tight range / TBP – tight base pattern).
Structure still looks bullish with higher highs & higher lows.
Price is holding above short-term EMAs and respecting the ₹1,940 support zone.
No heavy distribution visible — volume is stable.
Trade Plan:
Entry: Above ₹2,030 (on a
JLong
Parallel Channel + S/R Flip Zone — Price Action StudyDescription
📊Left Chart — Weekly Timeframe | Parallel Channel Structure
- The weekly chart presents a textbook descending parallel channel, formed through a series of Lower Lows (LL) and Lower Highs (LH) — the classic definition of a prevailing downtrend in price action theory. What makes this channel particularly noteworthy is the multiple, clean touches on both the upper resistance trendline and the lower support trendline, giving this channel strong structural validity.
- Each touch of the c
BPCL | FVG + Fibonacci COnfluence | Long Setup toward 378 💬 Description:
Chart Type: 1D (Daily)
Stock: BPCL – Bharat Petroleum Corporation Ltd.
🧩 Setup Overview
BPCL has completed a clean retracement into a Fair Value Gap (FVG) aligning with the 0.5–0.618 Fibonacci retracement zone from the previous upswing (306 → 351).
The zone around ₹334–₹340 acted as strong demand support, hinting at a possible continuation leg to the upside.
📊 Trade Plan
Entry Zone: ₹338–₹340
Stop Loss: ₹330
Target 1: ₹351
Target 2: ₹378 (1.618 Fib Extension)
Risk–Reward Rati
Reclaiming The Breakdown: Descending Triangle To Inverse HnSThis weekly chart of Rico Auto illustrates how structure can evolve over time and why rigid bias around a single pattern can be misleading. Price initially respected a clear descending trendline, forming a classic descending triangle and eventually breaking down below the support zone. Instead of continuing in a straight-line downtrend, the market absorbed that move and began to build a broader basing structure.
Over the following swings, price developed an inverted head and shoulders formation
Simple Triangle Pattern on a Monthly Time FrameOverview -
This monthly chart illustrates a symmetrical triangle pattern defined by a series of higher lows and relatively stable swing highs, framed by a green ascending trendline and a red counter-trendline. The structure is presented in an observational manner to highlight how price has evolved within these converging boundaries over an extended period.
Triangle structure -
1.The green line represents the primary trendline, drawn from successive higher swing lows where price has repeatedly
Hero MotoCorp — Saucer Continuation Pattern DevelopingHero MotoCorp is forming a saucer continuation structure on both daily and weekly charts.
Price is retesting the breakout zone around ₹6040 with low volume and small-bodied candles — a healthy momentum pause.
What’s strong:
• Trend intact (9/21/200 EMA rising)
• MACD bullish
• RSI holding strong despite flattening
• EFI above zero → buying pressure intact
• Weekly timeframe supports the same setup
Trade Plan:
• Entry: Close above ₹6040 with 2× volume
• SL: ₹5918 (ATR-based)
• Targets: ₹6442 →
How to Observe Weekly and Monthly Chart StructureThe weekly (left) and monthly (right) timeframes, bringing attention to a confluence zone of technical interest.
On the weekly chart, price has developed a compressing pattern, defined by distinct purple lines, with dotted lines marking hidden channel boundaries and long-term levels for context. The highlighted supply-demand zone reflects previous market activity, where buyers and sellers actively shaped reversals and consolidations.
On the monthly timeframe, the same zone aligns with an estab
How Counter Trendlines and Parallel Channels Reveal Price StructThe CT (Counter Trendline) as the prime technical feature. The red CT line distinctly marks recurring lower high rejections, shaping significant supply pockets and creating low-liquidity price zones at every inflection point.
Each touch validates the CT’s relevance, highlighting how price is repeatedly capped at these lower highs before reversing downward.
Overlaying this, a hidden parallel channel (dotted white lines) frames the swing movement. The channel not only encapsulates price but als
Breakaway Gap Up Breakout — A Powerful StudyThis post analyzes breakaway gap up breakouts with multiple chart examples, illustrating how price leaps above well-tested trendline resistance without a retest, triggering strong upward momentum.
Main Report
What is a Breakaway Gap Up Breakout?
A breakaway gap up breakout occurs when the price gaps above a resistance trendline that has been tested multiple times, but instead of interacting with the resistance, the price opens substantially higher, leaving a noticeable gap. This phenomenon sign























