Marico Ltd- Cup & Handle Breakout Forming?Marico Ltd.—Cup & Handle Breakout Forming? ☕️📈
📆 Date: April 10, 2025
📊 Chart Analysis:
Marico is showing a classic "cup & handle" pattern, a bullish continuation setup. The price has successfully broken above the neckline resistance, indicating a potential for upward continuation if volume sustains.
📌 Key Levels:
🛑 Resistance (neckline—now flipped to support): ₹685
✅ Support (Base of Cup): ₹580
🔼 Immediate Resistance Targets: ₹710 ➡️ ₹735 ➡️ ₹765
📈 Indicators & Technicals:
☕ Cup & Handle Pattern clearly visible with a rounded bottom and breakout above resistance.
🔍 RSI at 71.35 shows bullish momentum but is slightly overbought —a sign of strength with caution.
💹 Volume steadily increasing — confirms accumulation phase and breakout intent.
🟥 Multiple "Bear" RSI icons (prior weakness) followed by a ✅ "Bull" label hinting at a momentum shift.
📉 Bearish divergence in RSI is now getting invalidated by price strength and pattern breakout.
🧠 Trade Plan:
📌 Entry near ₹685–₹695 breakout zone
🎯 Targets: ₹710 ➡️ ₹735 ➡️ ₹765
❌ SL: ₹670 (below neckline)
📌 Disclaimer: For educational purposes only. Do your own research or consult with a SEBI-registered advisor before trading or investing
Oscillators
Reliance - Price action channel + Candlestick + RSIKey Observations from the Chart
Channel Structure -
Both resistance and support lines have been tested multiple times with precise reactions
The most recent price action shows a strong rejection at the lower channel boundary
Candlestick Formation-
This month printed a textbook strong lower wick rejection candle:
Long lower wick indicates buyers aggressively stepping in at support
RSI Confluence-
The RSI tells a compelling complementary story:
Recently retested COVID-era levels (historic oversold territory)
Has since established higher highs and higher lows (bullish structure)
Shows positive divergence with price (RSI making HHs while price tests support)
QUESS CORP LTD- Weekly Chart Analysis📊 QUESS CORP LTD – Weekly Chart Analysis
🕰️ Timeframe: 1W | 📈 Pattern: Cup & Handle Formation
🔍 Chart Overview:
QUESS is exhibiting a classic multi-year Cup & Handle pattern, forming over 3 years — a powerful technical setup indicating potential bullish continuation.
Currently, price is approaching a crucial descending trendline resistance that has been respected multiple times. A breakout above this level with volume confirmation could signal a major upside.
🔑 Key Technical Highlights:
📉 Trendline Resistance: Near ₹420
🟢 Immediate Resistance Zone: ₹390–₹420
🛑 Support Zone: ₹325–₹300
🔁 Breakout Watch: Close above ₹420 (weekly) with volume = bullish confirmation
📊 Volume & Momentum:
Increasing volume on recent up moves
RSI trending upward (if included, add RSI screenshot or note over 60+)
🧠 Bias: Bullish (on breakout confirmation)
🔔 What to Watch:
🔓 Breakout above ₹420 = trigger for swing/mid-term entries
📉 Breakdown below ₹325 may invalidate pattern
⚠️ Disclaimer: This is not financial advice. Chart shared for educational purposes only. Do your own research before investing.
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💬 Drop your views or questions in comments!
GRSE - Chart of the Week, Breaking Trendline and Made a BaseNSE:GRSE has a beautiful structure on the Weekly Timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes this week around the marked Key Levels of 100 WSMA and also broke the trendline with RSI Trending Upwards.
About:
NSE:GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
NSE:GRSE is a diversified, profit-making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.
Trade Setup:
Could be a good Positional Trade with the 100 WSMA Being a Major Support along with Marked Key Levels, Buy on Dips as the Entire Defense Sector is in an Uptrend and it Broke the Trendline Strongly this week.
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Indian Bank - Crossing Swing High'sNSE:INDIANB is Crossing Swing Highs on Weekly Time Frame and Daily Time Frame with RSI and MACD Trending Upwards, it has seen consistent accumulation around 489-495 Levels.
With the RBI rate cut and 1.16 times Book Value, it's Looking Good for a Swing Trade
About:
NSE:INDIANB is a medium-sized bank that was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.
Trade Setup:
Add Few and Buy on Dips if it holds this week's low
Target(Take Profit):
Ideally up to your Swing Apetite Levels and ATH Levels, of course.
Stop Loss:
If aiming for ATH, Current Week's Low, if aiming for More, keep 489-495 Levels in Mind.
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Archean Chemical - Chart of the WeekNSE:ACI has a beautiful structure in the Weekly Timeframe that qualifies for my Chart of the Week idea. It saw Decent Volumes this week and closed above its recent swing high, with RSI and MACD Trending Upwards and Closing Above all Major Short moving Averages, breaking the Trendline.
About:
NSE:ACI is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
Brokerage View:
ICICI Securities research report on Archean Chemical Industries
ACI has a plethora of opportunities – each carrying strong value creation potential – along its path ahead. Right off the bat, the expansion in bromine derivatives, and thus, higher captive bromine consumption would likely provide a strong fillip to ACI’s bromine business. Separately, Oren shall help cater to chemicals’ demand for O&G exploration services along with bromine compounds. Also, the success in its SOP flotation process could unlock extensive value. Further, its foray into SiC chip production – likely production FY28E onwards – would place ACI among the few Indian producers in semiconductors.
Outlook:
It is also exploring a giga-factory in ZincGel batteries using zinc-bromide electrolyte, which exhibits synergies with its bromine. In our view, the stock has little to lose due to undemanding valuations (12.8x FY27E PE). Retain BUY and TP of INR 675 (based on 15x FY27E EPS).
Trade Setup:
It has broken the falling trendline and respected a Major Support Zone, Buy on Dips will the way to play this counter because of the uncertain environment of trump tariffs.
Stop Loss:
Swing Low Levels around the Levels Marked on a Weekly Closing Basis only.
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Kalyan - Pullback SwingNSE:KALYANKJIL today gave a Breakout of Falling Trendline and Closed above its Swing Highs With Good Volumes after Making a Base Just Around The Same Levels Previously in One Sided Fall From Top. Today closed above 50 DEMA with RSI trending upwards.
About:
NSE:KALYANKJIL designs, manufactures, and sells a range of gold-studded and other jewellery products at various prices. It is one of the largest jewellery retailers in India.
F&O Activity:
Significant Long Buildup With 460 PE OI Increasing Significantly.
Trade Setup:
Can Swing Back to 200 DSMA as it failed last time? Visible on Charts, it may create the same swing, and if sustained, it can further give good swing results. The season is on.
Target (Take Profit):
Around 200 DSMA, i.e 600 Levels as of Now
Stop Loss:
Swing Low Base as Shown.
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Tata Consumer Prod. - Chart of the WeekNSE:TATACONSUM has a beautiful structure in the Weekly Timeframe that qualifies for my Chart of the Week idea. It saw Decent Volumes this week and closed above its recent swing high, with RSI and MACD Trending Upwards and Closing Above all Major Moving Averages.
About:
NSE:TATACONSUM is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second-largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies including Canada, the UK, North America, Australia, Europe, the Middle East and Africa.
F&O Activity:
Significant Shorts are getting covered with 1050 PE OI Increasing Significantly.
Trade Setup:
It is Forming Like a Falling Wedge, it can test the upper edge and can give a good swing towards
1186-1190 Levels. So buy on Dips Until it closes below the Swing Low, ideally around the Marked Green Levels.
Target(Take Profit):
Around the Upper Edge of the Falling Wedge.
Stop Loss:
Swing Low Levels around 950-930.
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Sumitomo Chemical - Chart of the MonthNSE:SUMICHEM showed good price action this month, showcasing strength in this market and looking to continue that further, hence qualifying for my Chart of the Month.
About:
NSE:SUMICHEM is one of the leading players in the industry, which has a balanced portfolio of technical and formulation products along with backward integration for some products.
The Company is known for domestic marketing of proprietary products of its Japanese parent, TSE:4005 in agrochemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network.
Trade Setup:
It crossed major Swing High Levels this Month and is now looking to cross ATH, RSI & MACD Trending Upwards. Buy on DIPS can be done if it consolidates. The Base Formed Will be an Ideal Stop Loss.
Target:
Around 672 Levels can book a partial at the ATH Zones.
Stop Loss:
Entry Candle Low For Swing Traders and Base Marked for Positional Traders.
RSI + Bollinger Bands + QMA: My Secret for Catching Reversals This is a simple but powerful strategy I use on XAU/USD to catch high-probability reversals.
It’s a 3-part combo:
1. RSI (14): Detects overbought (>70) and oversold (<30) zones ⚠. Watch for divergences too.
2. Bollinger Bands (20, 2): Spots extreme price levels 🎯. Upper band = resistance, Lower band = support.
3. QMA (Quantum Moving Average): Trend filter that adds precision ✅
• Long setup: Price touches lower band + RSI < 30 + breaks above QMA
• Short setup: Price hits upper band + RSI > 70 + drops below QMA
⸻
Try this on XAU/USD or any volatile asset like BTC/USD, NAS100, etc. Backtest and see how clean these entries are!
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HDFC Bank - Swing Trade NSE:HDFCBANK is looking Super Strong on the Daily time frame after forming a perfect base today it broke out and closed significant levels with MACD and RSI Trending Upwards it Can retest its ATH Levels soon.
About:
NSE:HDFCBANK is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
As of April 2024, NSE:HDFCBANK has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges. It is India's one of 3 systemically important banks with a 15% market share in the banking sector’s advances and a 37% market share in the private sector banks’ advances as of FY24.
F&O Activity:
Short's Getting Covered in Futures with decreasing OI with 1740 CE OI covering Significantly.
Trade Setup:
Buy on Dips if Possible Near Base Levels or Start with a Few Qty to see the momentum if continues further Sharply or Consolidates.
Target(Take Profit):
Ideally around ATH Levels near 1860 to 1880 Levels
Stop Loss:
Entry Candle Low for Swing Traders and Swing Low Base Formed as Mentioned for Positional and Buy on Dips Traders.
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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.
DOMS - ABCD Pattern, Crossing Swing Highs.NSE:DOMS Crossing Swing Highs with Strong Candles With RSI and MACD Trending Upwards and according to ABCD Pattern it's Likely to Cross ATH in Short Term.
About:
Incorporated in 2006, NSE:DOMS is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, NSE:DOMS is the 2nd largest player in India’s branded 'stationery and art' products market. It held 29% and 30% market share for its core products in FY23 for pencils and mathematical instrument boxes.
Trade Setup:
A Swing Trade Can be Done as per the ABCD Pattern and Bullish Price Action. Keep Position Size as Per Appetite.
Target (Take Profit):
Near ATH Levels of 3115
Stop Loss:
Entry Candle Low for Aggressive Swing Traders and Swing Low in General.
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Sarda Energy - Swing TradeNSE:SARDAEN today broke key levels with good levels, it again took support near the base where it is being accumulated and is trading in a Flat Channel which makes this a good swing to the upper edge of the Flat Channel if the Flat Channel is broken it can give a good Swing Up again so keep in watchlist and can buy again at lower level of the channel if retraced.
About:
Incorporated in 1973, NSE:SARDAEN is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power.
Trade Setup:
Good be a Good Typical Flat Channel Trade With RSI and MACD Trending Up with Good Volumes.
Target(Take Profit):
Short Swing towards 525 (ATH) and if Flat Channel is Broken Can Give Further Upswing.
Stop Loss:
Today's Candle Low i.e. 473 or Entry Candle Low if Trade Taken in Retracement.
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LTIM Trendline BD and Retest Fail With King CandleNSE:LTIM today made a Bearish Engulfing or Black Marubozu King Candle, Previously Breaking its trendline and retesting which failed today completely. RSI and MACD are Trending Down.
About:
NSE:LTIM offers a comprehensive range of IT services, including application development, maintenance and outsourcing, enterprise solutions, infrastructure management, testing, digital solutions, and platform-based solutions for clients across various industries.
F&O Activity:
Short Buildup in Futures with 5800 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, and the Trendline is also broken.
Target(Take Profit):
Around 4915 Levels for Swing Trader & Positional Trader
Stop Loss:
Entry Candle High for Swing Trader and Recent Swing High or 5800 Levels for Positional Trader.
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Airtel Strong Q3 and Uptrend NSE:BHARTIARTL is showing a good uptrend with good Q3 Numbers.
Revenue growth was driven by strong underlying momentum in India, sustained constant currency growth in Africa, and the consolidation of Indus Tower Limited, effective 19 November 2024. Net profit increased significantly due to an exceptional net fair value gain on Indus Tower and a forex gain due to currency appreciation. Capex for FY25 is expected to be lower than FY24, and that would expand in FY26. Fibre rollout continues to be a key area of focus for the company.
About:
NSE:BHARTIARTL is one of the world’s leading providers of telecommunication services. It is in 18 countries, including India, Sri Lanka, and 14 African countries.
F&O Activity:
Long Buildup in Futures with 1720 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent base as a strong support zone, the RSI and MACD trending upwards, and the trendline being respected.
Target(Take Profit):
Around 1720 Levels for Swing & 1842 for Positional Trader.
Stop Loss:
Entry Candle Low or Trendline for Swing Trader and Recent Base for Positional Trader.
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Redington in Blue Sky With Vol Post Q3NSE:REDINGTON is now in blue sky with Vol. Post Q3. With RSI and MACD Trending Up.
About:
NSE:REDINGTON is a leading IT and mobility product distributor and a supply chain management solutions and support services provider in India, the Middle East, Turkey and Africa.
Trade Setup:
As it's in the blue sky, there is no target just wait for pullbacks and buy on dips keeping the mentioned Supports as Stop Loss.
Target(Take Profit):
Depends on your entry just keep 1:1 at least.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing Lows for Positional Trader.
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IEX Bullish Base Formed NSE:IEX today gave a good up move, confirming the recent base as a strong bullish base, recently it posted its monthly volumes in Jan up 16% YoY.
About:
NSE:IEX provides an automated platform and infrastructure for trading electricity units for the physical delivery of electricity.
F&O Activity:
Long Buildup in Futures with 180 PE Gaining Significant OI.
Trade Setup:
Looks like a good 1:1 trade setup with the recent base as a strong support zone, RSI and MACD trending upwards.
Target(Take Profit):
Around 206 Levels for Swing & Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Base for Positional Trader.
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MFLOUR - RSI reading hint a BULLISH OUTLOOK ?MFLOUR - CURRENT PRICE : RM0.545
MFLOUR has been on a downtrend since June 2024 and began consolidation on November 2024.
Based on ICHIMOKU CHART, last Friday the share price rises and penetrated LEADING SPAN 2 - Closed inside KUMO. At the same time CHIKOU SPAN starts to move above CANDLESTICK - this shows a little bit bullish scenario.
There were also BULLISH DIVERGENCE in RSI oscillator. Interesting part is RSI break above 50 points on last Friday. This rising reading in RSI oscillator add more bullish outlook for this stock.
ENTRY PRICE : RM0.545
TARGET : RM0.575 , RM0.595
STOP LOSS : RM0.520
TAYOR !
Notes : Malayan Flour Mills Bhd. engages in the flour milling business. It operates through the following segments: Flour and Grain Trading (FGT), Poultry Integration (PI), and Others.
DEEPAKFERT Showing Strength From Base With Good Q3NSE:DEEPAKFERT showed strength today bouncing from a good base on the back of good Q3 Results, with RSI and MACD Showing Strength.
Q3 consolidated net profit jumped more than four times Y/Y, while revenue from operations climbed 39% Y/Y. Management says revenue from its crop protection business rose 55% due to good monsoon. Its profit margin also expanded to 10% from 3% a year ago. REVENUE FROM OPERATIONS 25.79 BILLION RUPEES, NET PROFIT 2.51 BILLION RUPEES.
Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent being base being crucial.
Target(Take Profit):
52wh Levels for Swing Trader and 1522 for Positional Trader.
Stop-Loss:
Entry Candle Low For Swing Trader and a Recent Base of 1071 for Positional Trader.
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IRB Double Bottom Swing NSE:IRB confirmed a Double Bottom today with RSI Showing Strength and Excellent Q3 FY 24-25 Resluts out today and now looks likely to give a good swing.
F&O Activity:
Significant Long Build-up with 55 PE showing a Significant Increase in OI.
Trade Setup:
Looks like a good double-bottom Formation can give a swing to the previous Double Top and if Crosses 200 DSMA Postionally will look very good
Target(Take Profit):
Upper Resistance Levels of Double Top for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.
Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Double Bottom Base for Positional Trader.
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Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout.
Target(Take Profit):
1087 Levels for Swing/Positional Trader.
Stop-Loss:
Around 926 For Swing Trader and a Recent Base of 880.35 for Positional Trader.
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