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State Bank of India – Breakout, but With CheckpointsWeekly Chart View State Bank of India has staged a strong breakout above the consolidation zone near ₹835, with weekly RSI showing healthy momentum and no bearish divergence yet. This breakout suggests that Wave 3/C is in progress , keeping the short-term outlook bullish. Key Observations: Wave 2/B: The recent sideways move looks like a triangle. While triangles are unusual for Wave 2, they are common in Wave B — raising the possibility that this could be part of a larger corrective flat. Resistance Levels: Immediate resistance sits at the Wave B high (₹875.45) , followed by the all-time high (₹912). The ATH retest will be critical in determining whether the structure continues impulsively or morphs into a flat. Support & Invalidation: The breakout remains valid as long as price stays above ₹786.55 (Wave 2/B low). A decisive break below this level would invalidate the current bullish structure and force reevaluation. Momentum: RSI is supportive, showing strength and no sign of divergence yet. Summary: The bias remains bullish in the short term , but this rally will be tested at the higher resistance levels. If the stock pushes through the ATH, we may confirm an impulsive sequence. If not, a 3-3-5 flat could be in play. Either way, this is a key checkpoint zone for SBI. 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:SBINLong
by WaveXplorer
ITC Limited Weekly Chart – Wave Y Targets Support ClusterITC has been trending lower since the ₹498.85 peak, carving out what appears to be a complex W-X-Y correction. The first leg (W) found support near ₹391.20, followed by a corrective bounce into X at ₹444.20. The decline since then has kept price under a descending trendline, respecting the larger corrective rhythm. Wave Count Wave W: Completed into the ₹391.20 low. Wave X: Counter-trend rally capped at 444.20. Wave Y: Now unfolding, with sub-wave (C) still incomplete. The broader structure hints that ITC may continue toward the support cluster (₹350–375) before this correction runs its course. Indicators Volume : Muted on upticks – rallies lack buying strength. RSI (~44) : Mid-zone, leaving space for further downside before oversold conditions. Weekly 50/100 MA crossover : Adds weight to the ongoing corrective bias. Invalidation A decisive break above ₹422.45 and sustained strength beyond 427 would question this bearish view, hinting at a possible shift back to bullish sequences. Summary Unless ITC reclaims higher ground above 422.45, the bias stays toward a Wave Y completion in the support cluster zone. 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:ITCShort
by WaveXplorer
Jubilant Foodworks: Wave 2 Near End?After peaking at ₹796.75, Jubilant Foodworks entered a corrective A–B–C decline, completing Wave 2 near ₹575 — right at the 0.618 retracement of Wave 1. Price has since held above this key support, suggesting the corrective phase may be complete. The setup is now simple: Entry Zone: Around ₹608 (0.5 retracement) Stop-Loss / Invalidation: Below ₹575 Target: Initial confirmation above ₹796, with Wave 3 potential extending higher Momentum check: RSI correctly flagged the earlier bearish divergence between Wave 3 and Wave 5, leading to the current correction. At present, RSI sits near 43, capped by a falling trendline. A decisive breakout in RSI above 50 would provide the green light for Wave 3’s bullish acceleration. If the trendline support holds and momentum follows through, Wave 3 could push well beyond the prior peak at ₹796, opening the door to fresh highs. 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:JUBLFOODLong
by WaveXplorer
2
BASF India – 53% Correction Nearing Wave 5 SupportBASF India, a leading chemicals producer, has witnessed a sharp correction from its euphoric highs of ₹8,750. In just a few months, the stock retraced nearly 53%, wiping out more than half its gains. Wave count From the ATH, price unfolded into a 5-wave impulse decline, bottoming near ₹4,065. This completed the Wave A of the zigzag. The subsequent recovery to ₹5,424 shaped up as a clear A-B-C corrective rally. Since then, the stock has been carving out another 5-wave decline, now progressing towards its final leg (Wave 5 and eventually Wave C of the zigzag). The support zone around ₹4,000 remains crucial — a likely area for Wave 5 to bottom. Momentum Check RSI sits near 43, showing weakness. No strong bullish divergence yet, which hints at the possibility of one last dip before a reversal attempt. Outlook If Wave 5 completes around the ₹4,000 zone, this could complete the ABC zigzag and BASF India could set the stage for a larger rebound sequence into 2026. If price breaks below 4000 convincingly and continues the downtrend, then we are in for a further deep correction. ⚠️ 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:BASFShort
by WaveXplorer
Trent Ltd – Double Zigzag Correction in PlayAfter topping out at ₹8,345, Trent has been locked in a larger corrective structure that now appears to be unfolding as a W–X–Y double zigzag on the weekly chart. Wave Count Wave W bottomed at ₹4,715 as a clear ABC. The rally to ₹6,261 completed Wave X. Price is now progressing in Wave Y, where: Wave A has unfolded, Wave B topped at ₹5,674, Wave C is expected to continue lower. Key Levels Target 1 (1.0 extension): ₹4,370 Target 2 (1.618 extension): ₹3,565 Stop-loss / Invalidation: Trading level: ₹5,674 (Wave B high) Structural level: ₹6,261 (Wave X high) RSI Check RSI remains below 50, confirming bearish momentum. Conclusion The correction appears incomplete with scope for another leg down before a larger recovery can begin. While the working invalidation sits at ₹5,674, structurally the bearish count holds until ₹6,261 is broken. 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:TRENTShort
by WaveXplorer
Shyam Metalics & Energy Crossing Key Levels.NSE:SHYAMMETL today gave almost a 9% Move Closing above key levels and making new Swing Highs on the back of the News of Business update of Jan Month. JANUARY STAINLESS STEEL SALES VOLUMES UP 59% YOY JANUARY SPONGE IRON SALES VOLUMES UP 1% YOY About: NSE:SHYAMMETL is primarily engaged in manufacturing steel and allied products including pellets, sponge iron, TMT and long products, ferroalloys and power generation. Trade Setup: It could be a Good 1:1 Positional Trade as it made a Good Base near July Month Breakout Levels with RSI and MACD Trending Upwards and Closing Above all Major Moving Averages. Buy on DIps Will be a better approach Target(Take Profit): Around 975 or ATH Levels for Positional Trader Stop Loss: Recent Base Will Act as a Support so keep it as Stop Loss. Swing Trader Can Keep Entry Candle Low as Stop Loss. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SHYAMMETLLong
by Karanshah137
GMDC - Chart of The Week, Testing Trendline, Change of PolarityNSE:GMDCLTD has a beautiful structure on the Weekly Timeframe to qualify for my Chart of the Week idea. It saw Decent Above-Average Volumes and confirmed a Change of Polarity and is Now Testing the Falling Trendline with RSI and MACD trending upwards. About: NSE:GMDCLTD is primarily engaged in 2 sectors, i.e. mining and power. Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar. Trade Setup: It could be a good Swing Trade if it breaks the trendline and the Change of Polarity is Still Intact. If the Trade gets activated after breaking the trendline, then keep this Week's Low as the Stop Loss or Even Take RSI and MACD as a Stop Loss Signal. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:GMDCLTDLong
by Karanshah137
D’Mart (Consumption) Possible Throwback to breakout levelD’Mart (Consumption) Chart Context: D’Mart after its breakout near ₹4524 with EMAs aligned bullishly d'Mart Start Weakening and possible throwback to the breakout level. RSI is above 69, indicating strength. Fib levels highlight potential upside to ₹4,885 → ₹5,145. Post Caption: "D’Mart sustaining above ₹4,524 breakout zone. Upside levels: ₹4,885 → ₹5,145. Stop near ₹4,540. 🛒 Consumption theme continues to show leadership."
NSE:DMART
by Punit190
GPIL - Cup & Handle Breakout | Daily Chart📊 GPIL – Cup & Handle Breakout with Explosive Volume | RSI > 80 📅 Chart Date: August 24, 2025 📍 CMP: ₹238.61 (+6.91%) 📈 Symbol: NSE:GPIL | 1D Timeframe 🔍 Technical Analysis ☕ Cup & Handle Breakout A multi-month Cup & Handle pattern has been completed. Price gave a strong breakout above the neckline zone ₹206.81. Next supply zone is around ₹236–₹240, which is being tested. 💥 Volume Confirmation Relative Volume (RVol): 842% 🔥 Today’s volume 19.25M vs avg 3.2M — heavy institutional buying. 📈 RSI (14, close): 81.05 Stock is in the overbought zone, indicating strong momentum. Short-term pullback possible, but trend remains bullish above breakout. 📌 Key Levels Breakout Zone (Support): ₹206.81 Immediate Resistance: ₹236–₹240 Next Target Levels: ₹260 / ₹280 Stoploss for Swing Traders: ₹200 Entry on Retest: ₹210–₹215 Stoploss: ₹200 Targets: ₹260 / ₹280 ⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management. 📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis! 🔁 Drop a comment if GPIL is on your radar for the next breakout rally 📈
NSE:GPILLong
by PriceAction_Pulse
Short Term SPX to hit a target of ~6800 post current correctionSPX is in a small time correction phase. Is the correction ended ? May not be, for it to prove correction has ended, price should show break out above current short term range., What are possibilities ? a) Price does a break out of current range and flows blue line to ~6800 target b) Price carries out ABC (RED ABC as marked) and bottom out around ~6200, then rise in impulse to hit a target of ~6800. When ? The view is time agnostic, so it may take weeks to months time.
FOREXCOM:SPX500
by jsgadgil
INTU next target around 850 once correction is overINTU has been correcting after finishing an Impulse sub wave. It will end the correction in the Price band of 745-715. Why such a big Price band to end the correction ? Because it has to correct till 4th wave of earlier sub wave and or resolve technical divergence with the price and RSI so the large band. How can we trade then for a target of 850 ? Wait for the price to enter the correction band of 745-715, the price may for the pattern as indicated by Yellow 1-2-3-4-5 wave pointing downwards., Wait for good candle stick formation in this band, like morning star pattern, pin bar+bullish candle or piercing candle pattern, now combine this with minimum back to back two positive divergences in RSI with price, entry should be with all condition met so that you are in high probability party., or any of the entry principles one has already developed and practicing., How to know if the current rise is impulsive or part of bigger B after entry is made with conditions met? Once entered, if you can inspect in lower time frame to see if its impulsive(Elliott Wave impulsive pattern), then it is confirmed that price is impulsive towards the target, else one can exit with some profits., and again wait for the price to enter the band and enter with above said conditions., How much time it will take for correction to get over and target to reach ? Time calculation is not part of this view , so the whole thing may take few weeks to couple of months to play out! PS: This view is fundamental agnostic and it is price action view with Elliott Wave theory applied., I will make best efforts to call out if the rise is impulsive or not.,
NASDAQ:INTU
by jsgadgil
How to Use The Stochastic RSI Indicatorthe stochastic rsi is a momentum oscillator that applies the stochastic formula to the relative strength index (rsi) values, rather than price. this creates an indicator that is more sensitive to market movements, helping traders identify potential overbought and oversold zones faster than traditional indicators. 🔍 how it works stochastic rsi generates values between 0 and 100 . it is calculated using the rsi value instead of price and then applying the stochastic oscillator formula. this means you're looking at the momentum of momentum! 📊 key levels to watch * above 80 = overbought 🚨 * below 20 = oversold 💡 these levels suggest potential reversals, but not guarantees. combining them with price action or trend direction increases effectiveness. ⚙️ how traders use it * entry signals: look for the indicator crossing above 0.2 (bullish) or below 0.8 (bearish) * exit signals: when stochastic rsi returns from extreme levels * divergence: just like rsi, divergence between stochastic rsi and price can hint at trend reversals 🛠️ tips for better results * use with other indicators like moving averages, macd, or trendlines * adjust the rsi and stochastic settings to fit your trading style * avoid using it alone in sideways markets — it may give too many false signals 📌 final thoughts stochastic rsi is a powerful tool when used correctly. it helps traders get early signals and adds depth to momentum analysis. always backtest and combine with proper risk management! Disclaimer : This idea post is not financial advice, it's for educational purposes only, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
OANDA:XAUUSDEducation
by Shivam_Mandrai
2
Dr. Reddy’s Breakout + Bullish Stochastic + Volume Surge = ₹1307🔍 TECHNICAL HIGHLIGHTS: 📉 DESCENDING WEDGE BREAKOUT: Price has decisively broken above the wedge resistance, signaling a trend reversal. 🚀 GAP-UP OPENING: Signals aggressive buyer interest and bullish sentiment. 🔄 STOCHASTIC OSCILLATOR: Fast %K line has crossed above the slow %D line in the oversold zone, indicating momentum is shifting to the upside. 🔊 VOLUME SURGE: Heavy volume during breakout confirms strong buying pressure and likely institutional participation. 🎯 TRADE SETUP: ✅ PROFIT TARGET : ₹1307 ❌ STOP LOSS: ₹1221 📌 CONCLUSION: All indicators align for a potential bullish rally. With pattern confirmation, momentum support, and volume validation, this setup looks promising. Watch for follow-through price action and volume consistency.
NSE:DRREDDYLong
by peace_lover
1
SHARDACROP – Cup & Handle Breakout with Explosive Volume📊 SHARDACROP – Cup & Handle Breakout with Explosive Volume | RSI > 80 📅 Chart Date: July 26, 2025 📍 CMP: ₹1,087.10 (+19.63%) 📈 Symbol: NSE:SHARDACROP | 1D Timeframe 🔍 Technical Analysis Breakdown ☕ Cup and Handle Breakout A clear Cup and Handle formation has completed. Breakout above the neckline (~₹940) with a massive bullish candle. 💥 Volume Spike Volume surged to 8.82M, against the 20-day average of ~887K — institutional buying visible. This is the highest volume in months, confirming the breakout strength. 📈 RSI (14, close): 80.51 Momentum is extremely strong, entering the overbought zone — may signal continuation or short-term pullback before resuming rally. 📌 Breakout Level: ₹940 📌 Immediate Resistance: ₹1,100–₹1,150 📌 Support on Retest: ₹940–₹960 🎯 Trade Setup Entry on Retest: ₹960–₹980 Stoploss: ₹920 (below handle base) Target: ₹1,150 / ₹1,200+ Risk Level: Moderate–High (due to RSI overbought, but pattern is strong) ⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management. 📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis! 🔁 Drop a comment if SHARDACROP is on your radar for the next breakout rally 📈
NSE:SHARDACROPLong
by PriceAction_Pulse