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Whirlpool (W) - A Bullish Reversal Faces Its First Major testAfter a significant downtrend, Whirlpool of India is now exhibiting strong signs of a bullish reversal, highlighted by a classic candlestick pattern and a powerful weekly surge. However, it has now arrived at a formidable resistance level that will determine if this new momentum can be sustained. The Bullish Reversal Signals The foundation for this potential turnaround has been building systematically: - Higher Lows: The stock has begun forming a pattern of Higher Lows , indicating that selling pressure is abating and buyers are stepping in at progressively higher prices. - Morning Star Pattern: Crucially, a Morning Star candlestick pattern recently formed at a key support trendline. This is a classic and reliable three-candle bullish reversal signal. Last Week's Explosive Confirmation The bullish reversal signal was powerfully confirmed by last week's price action: - The stock surged by an impressive +18.38% for the week. - This move was supported by a high volume of 14.62 million shares . - This single week's advance erased the losses of the previous five weeks , signaling a dramatic and decisive shift in market sentiment. This renewed strength is supported by a rising Relative Strength Index (RSI) on both the Monthly and Weekly timeframes. The Key Hurdle Ahead The primary obstacle for the bulls is a strong horizontal resistance trendline that has been in place since May 2025. This level has successfully rejected several previous rally attempts, making it a proven barrier. Outlook and Key Levels to Watch The price action in the coming week will be critical, as it will reveal the outcome of the battle between the new bullish momentum and the established resistance. - Bullish Scenario: A decisive breakout above the horizontal resistance on high volume would confirm the reversal and clear the path for a potential move towards the ₹1,700 level. - Bearish Scenario: If the stock fails to breach this resistance and momentum fades, it could be rejected and pull back to test its primary support at ₹1,146. In conclusion, while all signs point to a powerful bullish reversal, confirmation now requires a successful break of the key overhead resistance.
NSE:WHIRLPOOLLong
by Learn_with_Pth0mas
Hidden Signal Professional Traders Use to Spot ReversalsRSI divergence is a technical analysis tool used to identify potential reversals or weakening momentum in price trends. Here's how it works: RSI (Relative Strength Index) Divergence occurs when the price of an asset moves in one direction while the RSI indicator moves in the opposite direction. This disconnect between Price action and Momentum is what traders find significant. Bullish / Bearish Divergence - This Divergence occurs at the end of a trend, be it Bullish or Bearish Trend. RSI Hidden Divergence is a more subtle and advanced form of divergence that occurs within trending markets. It's different from regular divergence because it suggests the trend will continue rather than reverse. Why It's Called "Hidden" ? Regular divergence is more "obvious" because Price and RSI move in completely opposite directions . Hidden divergence is subtler— It appears within the flow of an existing trend and is easy to miss, hence the name. Reasons to Prefer Hidden Divergence Rather then Classic Divergence !!! When we follow Classic Divergence, the possible results are.... False Signals The biggest issue is that divergences frequently fail to produce reversals. A price may form a lower low while RSI forms a higher low, suggesting a reversal is coming, but the price continues in the original direction anyway. This can lead traders into losing trades if they act on divergence signals prematurely. Lagging Nature RSI divergence is a lagging indicator—by the time you spot it clearly, a significant portion of the move may already be complete. You're often trading what's already happened rather than predicting what's about to happen. The reversal might be weeks away, making it difficult for short-term traders. Subjectivity in Identification Identifying divergence requires drawing trend lines and choosing which highs and lows to compare. Different traders might draw these lines differently, leading to inconsistent identification of the same divergence. This subjectivity makes it harder to create reliable, mechanical trading rules.
NSE:LAURUSLABSEducation
by earnwhileulearn
M&M Fin (W) - Renewed Strength within a Multi-Year ConsolidationAfter more than two years of trading in a sideways range, M&M Financial Services is showing strong signs of renewed buyer interest, suggesting a potential move towards the top of its long-term consolidation channel. The Big Picture: A Prolonged Consolidation Since reaching its All-Time High (ATH) in July 2023, the stock has been locked in a wide consolidation or sideways trend. A classic and often bullish sign during this phase has been the gradual drying up of trading volume , which typically indicates that selling pressure is diminishing. Recent Bullish Action The past week marked a significant shift in activity, signaling that bulls are becoming active again: - The stock surged by +6.38% for the week. - This move was supported by a strong volume of 15.49 million shares , indicating conviction behind the buying. This renewed interest is supported by the underlying strength seen in higher timeframe indicators. Both the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are in a bullish state on the *Monthly and Weekly charts. Outlook and Key Levels While the ultimate goal for bulls is a breakout above the distant ATH, the immediate battleground is the established trading range. - Upside Target: The primary target in the near term is the upper limit of the consolidation range, around the ₹333 level. A breakout above this would be the next major bullish signal. - Key Support: If this recent momentum fades, the stock is likely to find strong support at the lower boundary of its range, near the ₹250 level. In conclusion, last week's strong performance suggests M&M Financial is preparing to challenge the top of its long-term range. The key now is to watch if this momentum can be sustained for a move towards the ₹333 resistance.
NSE:M&MFINLong
by Learn_with_Pth0mas
Bharti Airtel (W) - Parabolic Rally Pauses, Coils for New HighsAfter a historic, multi-year parabolic run, Bharti Airtel has entered a healthy consolidation phase right at its all-time high. The stock now appears to be gathering energy for its next potential move, with the upcoming week being critical for confirmation. The Big Picture: A 716% Parabolic Uptrend Since November 2018, Bharti Airtel has been in a massive parabolic uptrend, rewarding long-term investors with an incredible gain of 716% . Following such a powerful advance, a period of sideways consolidation is a normal and often bullish development as the market absorbs the gains. The Current Setup: Consolidation at the Peak The stock has recently been consolidating in a sideways range, during which trading volume has been noticeably drying up—a classic sign of accumulation before a potential breakout. The past week saw a re-emergence of buying interest, with the stock surging +3.72% on a solid volume of 22.02 million shares . This move has pushed the price directly against the short-term resistance created by its recent All-Time High (ATH). Underlying Technical Strength The primary trend remains firmly bullish. This is confirmed by key momentum indicators on the higher timeframes: - The short-term Exponential Moving Averages (EMAs) are in a positive crossover state on both the Monthly and Weekly charts. - The Relative Strength Index (RSI) is also in a rising trend on the Monthly and Weekly charts. Outlook and Key Triggers to Watch The price action in the coming week is crucial and will be dictated by its interaction with the ATH resistance. - Bullish Scenario: The ideal scenario would be a decisive breakout above the ATH resistance on high volume . The strongest confirmation would be a subsequent retest of this breakout level, where it acts as new support, followed by a bounce. This would validate the continuation of the uptrend, with a potential next target of ₹2,240 . - Bearish Scenario: If the stock fails to sustain momentum and is rejected from the ATH resistance, it could pull back to test the lower boundary of its consolidation range, with the primary support level at ₹1,835 . In conclusion, the focus is squarely on the all-time high. A confirmed breakout would signal that the bulls are ready to resume this stock's powerful long-term journey upwards.
NSE:BHARTIARTLLong
by Learn_with_Pth0mas
Huhtamaki (D) - Explosive 12% "Gap-and-Go" BreakoutAfter a steep downtrend from its all-time high, Huhtamaki India has signaled a powerful bullish reversal, executing a massive "Gap-and-Go" breakout from a classic accumulation pattern today. The Setup: An Ascending Triangle Following its downtrend, the stock began a bottoming process by forming an Ascending Triangle . This bullish pattern is characterized by a series of Higher Lows pushing up against a flat horizontal resistance, indicating that buying pressure was systematically building under a well-defined supply level. Today's Decisive Breakout Today's session (Thursday, October 16, 2025) was a textbook example of a powerful breakout, leaving little doubt about the buyers' intent: - Gap-Up Breakout: The stock opened with a significant gap up, clearing the horizontal resistance level right from the start. - Massive Price Surge: It continued to rally throughout the day, closing with a gain of +12.58% . - Enormous Volume: The move was validated by a huge volume of 19.27 million shares , confirming strong institutional participation. A Nuanced Look at the Indicators The technical indicators confirm a shift in trend, though they also suggest the new long-term trend is still in its early stages: - Positive Signs: The Relative Strength Index (RSI) is now rising across the Monthly, Weekly, and Daily timeframes, showing a broad-based build-up in momentum. The short-term EMAs on the Daily chart have also flipped to a bullish state. - Confirmation Pending: Importantly, the short-term EMAs on the longer-term Weekly and Monthly charts have not yet registered a bullish crossover . This indicates that while the short-term trend has reversed, the long-term trend is just beginning to turn. Outlook and Key Levels The stock has now cleared a major hurdle, shifting the balance of power to the bulls. - Bullish Target: If this powerful bullish momentum continues, the next logical area of resistance and potential target is the ₹310 level. - Critical Support Zone: The old resistance level, around ₹238 , now becomes the most critical new support. It would be a healthy sign for the stock to re-test this breakout zone and find support there. A failure to hold above this level would be a cause for concern. In conclusion, today's explosive breakout is a major bullish development. The key now is to watch if the price can hold above the crucial ₹238 support level to confirm that a sustainable new uptrend has begun.
NSE:HUHTAMAKILong
by Learn_with_Pth0mas
Nestle India (D) - Breaks Out of Consolidation with ForceAfter a period of sideways consolidation following its September 2024 All-Time High, Nestle India has delivered a decisive breakout, signaling a potential resumption of its primary uptrend. The Context: A Sideways Pause Following a brief downtrend from its peak, the stock entered a sideways trading range. A key horizontal resistance level consistently capped any upward movement, keeping the stock in a state of consolidation. Today's Decisive Breakout Today's session (Thursday, October 16, 2025) decisively ended this sideways action in favor of the bulls: - Strong Price Surge: The stock rallied by +4.52% . - Confirmed Breakout: Crucially, the stock broke out and closed above the key resistance level , a strong positive signal. - High Volume: The move was supported by a robust volume of 6.92 million shares , adding significant conviction to the breakout. Broad-Based Technical Strength This bullish price action is strongly supported by key momentum indicators across all major timeframes (Monthly, Weekly, and Daily). The short-term Exponential Moving Averages (EMAs) are in a positive crossover state, and the Relative Strength Index (RSI) is rising, indicating broad and strengthening momentum. Outlook and Key Levels to Watch With the breakout confirmed, the path of least resistance has shifted firmly upwards. - Bullish Target: If the bullish momentum continues, the next logical area of resistance and potential price target is the ₹1,340 level. - Critical Support & Confirmation: The former resistance level, around ₹1,241 , now becomes the most critical new support. Watching for the stock to successfully re-test this level and bounce with momentum would provide the strongest confirmation that this breakout is sustainable. In conclusion, today's high-volume breakout is a powerful bullish event. The key now is for the price to remain above the ₹1,241 support level to validate the start of a new, sustained uptrend.
NSE:NESTLEINDLong
by Learn_with_Pth0mas
SHAREIND (D) - Explodes 31%, Now Challenges Major ResistanceShare India Securities has shown an incredible burst of strength over the past two sessions, signaling a potential trend reversal. However, this explosive rally has now run directly into a major historical resistance level, setting up a critical test for the bulls. The Context: A Powerful Reversal Attempt After a prolonged downtrend from its All-Time High in February 2024, the stock recently began showing signs of life by forming a series of Higher Lows . This subtle shift culminated in an explosive rally over the past two sessions: - The stock has surged by a massive 31% in just two days. - Today's session (Thursday, October 16, 2025) saw a gap-up opening and a +19.96% gain on huge volume of 10.5 million shares. This powerful move has brought the price right up against a key horizontal resistance trendline — a level that has successfully rejected several rally attempts in the past, making it a significant hurdle. A Nuanced Look at the Indicators The technical indicators paint a picture of a new, but not yet fully confirmed, uptrend: - Positives: The Relative Strength Index (RSI) is now rising across the Monthly, Weekly, and Daily timeframes, indicating a broad-based improvement in momentum. The short-term EMAs have also turned bullish on the Daily chart. - Points of Caution: The short-term EMAs on the longer-term Weekly and Monthly charts have not yet registered a bullish crossover . This suggests that while the short-term trend has reversed, the long-term trend has not yet fully confirmed the move. Outlook and Key Triggers to Watch The immediate future of the stock depends entirely on the outcome of the battle at this key resistance. - Bullish Breakout Scenario: A decisive close above the horizontal resistance on high volume would be a major victory for the bulls. It would confirm the trend reversal and could propel the stock towards the ₹220 level. - Potential Rejection Scenario: If the stock is unable to breach this strong resistance, the rally may stall, leading to a pullback. In this case, the stock could retrace to the recent support level around ₹125 . In conclusion, Share India is at a "prove it" moment. While the recent surge is incredibly powerful, it must now overcome a historically significant resistance level to prove that this is the start of a sustainable new uptrend and not just a sharp bear-market rally.
NSE:SHAREINDIALong
by Learn_with_Pth0mas
ICICIGI (D) - Powerful Dual-Resistance Breakout Signals UptrendICICI Lombard General Insurance has delivered a powerful bullish signal today, breaking out of a year-long consolidation phase by shattering two distinct resistance levels on massive volume. This decisive action suggests the sideways trend has ended and a new uptrend is likely beginning. The Context: Consolidation After a New High After registering its All-Time High (ATH) in September 2024, the stock entered a prolonged sideways consolidation. During this period, its price was capped by a confluence of two major resistance levels : a flat horizontal trendline and a descending angular trendline. Today's Decisive Breakout Today's session (Wednesday, October 15, 2025) decisively resolved this consolidation in favor of the bulls: - Strong Price Surge: The stock rallied by an impressive +8.92% . - Dual Resistance Breach: In a significant show of strength, the price broke out and closed above both the horizontal and the angular resistance lines. - Massive Volume: The breakout was supported by huge trading volume , adding strong conviction to the move and indicating significant institutional interest. This bullish move is further supported by the fact that volume has been gradually increasing over the last few days, suggesting accumulation was already underway. Underlying Technical Strength The bullish outlook is confirmed by key momentum indicators across all major timeframes (Monthly, Weekly, and Daily). The short-term Exponential Moving Averages (EMAs) are in a positive crossover state, and the Relative Strength Index (RSI) is rising, indicating broad-based strength. Outlook and Key Levels With the consolidation phase now broken, the path of least resistance has shifted upwards. - Bullish Target: If this strong bullish trend continues, the next logical area of resistance and potential target is the ₹2,200 level. - Key Support Level: The previous resistance zone, around ₹1,860 , is now expected to act as the new primary support. A failure to hold above this level on a pullback would be a cause for concern. In conclusion, today's high-volume, dual-resistance breakout is a powerful technical event. The key now is to watch for follow-through buying or a successful retest of the ₹2,003 breakout zone to confirm the start of a sustained new uptrend.
NSE:ICICIGILong
by Learn_with_Pth0mas
Dixon Technologies: RSI Positive Reversal — Subtle but Strong!While most traders look for RSI divergences to catch tops and bottoms, RSI reversals often go unnoticed — yet they mark trend continuation points with precision. In Dixon’s case, positive RSI reversals have repeatedly emerged at higher lows — each time leading to a renewed rally. The indicator is quietly hinting that the broader uptrend remains intact unless these structural lows break. RSI Note: Positive reversals = trend continuation. Divergences = trend reversal signals. Strategy: Bias stays bullish as long as the recent higher-low structure holds. 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:DIXONLong
by WaveXplorer
Indian Hotels: Post-Triangle Rally Taking ShapeChart Insight Price action has been coiling within a clean contracting triangle, with the recent rebound from ₹708.10 likely marking the E-wave low . The broader structure fits neatly as a possible Wave (4) consolidation within the larger uptrend. Momentum View RSI has turned higher from the oversold region, mirroring price stability near the triangle base — an early hint that momentum is rebuilding. Trade View As long as ₹708.10 holds, a bullish bounce toward ₹811.95 and possibly ₹894.9 remains favored. A break below ₹708.10, however, would invalidate this setup and point to a deeper correction. Bias: Bullish — possible Wave (5) breakout from triangle consolidation Risk Level: Moderate (tight invalidation) 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:INDHOTELLong
by WaveXplorer
RattanIndia Power: Short-Term Bounce Within Larger CorrectionAfter an extended five-wave decline from the ₹16.92 peak, RattanIndia Power appears to have completed a smaller-degree Wave (a) near the support cluster around ₹11. The substructure shows a clean 1-2-3-4-5 sequence, with Wave 4 forming a contracting triangle and Wave 5 bottoming right into the green support zone. Momentum Check RSI has registered a clear bullish divergence, suggesting that downside momentum is fading and a short-term recovery in Wave (b) could unfold soon. Initial resistance sits near the ₹13.50–₹14.50 band — the previous supply and resistance cluster. Bigger Picture Despite this potential bounce, the higher-degree outlook remains corrective and bearish, with a subsequent Wave (c) decline likely to test or undercut the ₹9–₹9.50 region before the larger corrective pattern (A-B-C) completes. In short: a short-term bounce may be in play, but the broader down-cycle is not yet over. 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:RTNPOWER
by WaveXplorer
Manaksla (D) - Surges 11%, Challenges All-Time High ResistanceManaksla Coated Metals & Ind is showing significant strength, with a powerful surge today pushing it directly against its all-time high resistance. While the underlying trend is bullish, a confirmed breakout is still needed to signal the next leg up. The Context: Uptrend and Consolidation The stock has been in a healthy uptrend, which recently culminated in the formation of a new All-Time High (ATH). Following this peak, the stock entered a sideways consolidation phase over the past few weeks, a common and often constructive pattern as it absorbs previous gains before its next potential move. Today's Powerful Move Today's session (Monday, October 13, 2025) saw a significant increase in buying pressure: - Strong Price Gain: The stock surged by +11.05% . - High Volume: This move was supported by a robust volume of 25.95 million shares . Crucially, despite this strong surge, the stock closed the day still within its consolidation range , right at the doorstep of the ATH resistance. This sets up a critical test for the days ahead. This bullish intent is backed by strong technical indicators. The short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are both in a bullish state across the Monthly, Weekly, and Daily timeframes. Outlook and Key Levels to Watch The immediate future of the stock hinges on its ability to overcome the ATH resistance. - Bullish Breakout Trigger: A decisive close above the All-Time High on strong volume would confirm a breakout. This would signal a continuation of the primary uptrend, with a potential next target of ₹210 . - Potential Pullback Scenario: If the stock is rejected from this resistance and fails to break out, it may pull back towards the lower end of its consolidation range. The key support level to watch is ₹128 , which, as you noted, could present a favorable buying opportunity for those looking to enter on a dip. In conclusion, Manaksla is at a critical juncture. The battle at the all-time high resistance is the key event to monitor. A breakout would affirm the bulls are in control, while a rejection would suggest a longer period of consolidation.
NSE:MANAKCOATLong
by Learn_with_Pth0mas
Ixigo (W) - At a Crossroad: Bullish Trend vs. Bearish PatternAfter a spectacular run-up, Ixigo (Le Travenues Technology Ltd) has entered a sideways consolidation phase. The current price action presents conflicting technical signals, placing the stock at a critical inflection point where it could either be pausing before another surge or forming a major top. The Powerful Backdrop Since April 2025, Ixigo has been in a powerful bull market, delivering an extraordinary gain of approximately 166% in just a few months. Following this rapid ascent, the stock's strong momentum has paused since August 2025, with the price now trading within a well-defined horizontal range. The Current Dilemma: Two Competing Scenarios The technical picture offers two distinct and competing interpretations: 1. The Bullish Case (A Healthy Consolidation): This perspective views the current phase as a normal and healthy pause, where the stock is building energy for its next advance. This argument is supported by: - Strong Underlying Momentum: Key indicators like the short-term Exponential Moving Averages (EMAs) remain in a bullish positive crossover state, and the Relative Strength Index (RSI) is still rising, suggesting the primary uptrend remains intact. 2. The Bearish Warning (A Potential Reversal): Conversely, there are clear warning signs that the rally could be losing steam: - Potential Double-Top: A Double-Top pattern , a classic bearish reversal signal, appears to be forming at the upper boundary of the trading range. - Elevated Volume: Typically in a bullish consolidation, volume tends to decrease. However, volume has remained relatively high during this phase, which at a potential peak, can be a sign of distribution (selling) rather than accumulation. Conclusion and Key Triggers to Watch Ixigo is currently in a state of equilibrium, and a breakout from the current range is required for confirmation of the next directional move. - Bullish Trigger: A decisive close above the range's resistance would invalidate the Double-Top pattern and signal a continuation of the uptrend. This would open a path towards the ₹380 level. - Bearish Trigger: A decisive close below the range's support would confirm the Double-Top pattern, suggesting the bullish momentum has faded and a correction towards the ₹275 level could be imminent. Until either of these levels is breached, patience is warranted. The direction of the break from this consolidation will be the key to identifying the stock's next major trend.
NSE:IXIGO
by Learn_with_Pth0mas
1
UI Path (W) - A Massive 32% Surge Signals Major Trend ReversalAfter being locked in a severe bear market since its 2021 IPO, UI Path (PATH) has just delivered its most significant bullish signal to date. An explosive, high-volume breakout this past week suggests its multi-year basing phase may be complete and a new major uptrend is beginning. The Long-Term Bottoming Process Following its IPO in April 2021, UI Path entered a protracted downtrend. The stock finally stopped making new lows in October 2022, transitioning into a multi-year sideways consolidation range. This long basing period is often where accumulation occurs, setting the stage for a potential trend reversal. This Week's Explosive Breakout The week ending Friday, October 10, 2025, marked a dramatic shift in character for the stock: - Monumental Weekly Gain: The stock skyrocketed by an incredible +32.21% . - Enormous Volume: This move was validated by a massive trading volume of 366.81 million shares , indicating powerful institutional buying. - Major Resistance Breach: The surge shattered a key resistance level that had capped prices for the duration of its multi-year consolidation. This powerful price action has flipped the short-term Exponential Moving Averages (EMAs) into a bullish positive crossover. Concurrently, the Relative Strength Index (RSI) is now strongly rising on both the Monthly and Weekly charts, confirming a significant shift in long-term momentum. Outlook and Key Levels The breakout from a multi-year base is a technically powerful event that could define the stock's direction for months to come. - Bullish Target: If this newfound momentum is sustained, the next major area of resistance and potential target is the $21 level. - Critical Support: In case of a pullback, the breakout zone around the $10 level is now the most critical new support. A failure to hold this level would invalidate the bullish signal. This week's action represents a significant technical turning point for UI Path. The key now is to watch for follow-through buying or a successful retest of the $15.35 breakout level to confirm the start of a new, sustained uptrend.
NYSE:PATHLong
by Learn_with_Pth0mas
GM Breweries (W) - An Explosive 22% Breakout Signals New UptrendAfter a corrective downtrend from its September 2024 all-time high, GM Breweries has executed a powerful, high-volume breakout, signaling that its consolidation phase is over and a new uptrend is likely underway. The Bullish Setup Following its reversal from a low in March 2025, the stock began constructing a solid base. It formed a clear pattern of Higher Lows , indicating a gradual absorption of supply and a shift in control from sellers to buyers. This constructive price action set the stage for a potential upward move. This Week's Decisive Breakout The past week's trading session was exceptionally strong, confirming the bullish bias with authority: - Massive Weekly Gain: The stock surged by an impressive +22% . - Exceptional Volume: The move was fueled by a massive volume of 11.88 million shares , signifying strong participation and conviction behind the rally. - Key Resistance Breach: This surge resulted in a decisive breakout and close above a critical horizontal resistance level that had been in place since December 2024. This bullish price action is further supported by momentum indicators. The short-term Exponential Moving Averages (EMAs) are in a positive crossover state, and the Relative Strength Index (RSI) is rising on both the Monthly and Weekly timeframes. Outlook and Key Levels The powerful, volume-backed breakout has cleared a path for potential further upside. - Bullish Target: If this strong momentum is sustained, the next logical resistance and potential target is the ₹1,040 level. - Key Support: In the event of short-term profit-booking or a pullback, the recently broken resistance level around ₹710 is now expected to act as the new floor of support. The key confirmation to watch for in the coming days is whether the price can hold above this crucial **₹859** breakout zone. A successful defense of this level would strongly validate the new uptrend.
NSE:GMBREWLong
by Learn_with_Pth0mas
SIB (W) - A Powerful Breakout After a Bullish ReversalAfter a brief downtrend from its January 2024 all-time high (ATH), South Indian Bank has signaled a strong bullish reversal, culminating in a decisive, high-volume breakout this past week. The Reversal and Consolidation The stock's downtrend was halted by the formation of a Double Bottom , a classic bullish reversal pattern, which kicked off a new uptrend in April 2025. Following this, the stock entered a consolidation phase, trading sideways as it approached a descending resistance trendline from its ATH. During this period, trading volume noticeably dried up, often a precursor to a significant move. This Week's Decisive Breakout The stock broke out of its consolidation this week with exceptional force: - Massive Price & Volume Surge: The stock gained +15.04% , supported by an enormous volume of 180.45 million shares. - Dual Resistance Breach: The breakout was technically significant as the price closed decisively above two key resistance levels: the primary descending trendline and a short-term horizontal resistance. This powerful move is strongly supported by momentum indicators. The short-term Exponential Moving Averages (EMAs) show a positive crossover, and the Relative Strength Index (RSI) is rising on both the Monthly and Weekly charts, indicating strong underlying momentum. Outlook and Key Levels The breakout suggests a clear upward path, but key levels should be monitored. - Bullish Target: If the momentum continues, the next major target is the ₹45 level. This would require the stock to break through its previous ATH, which will now act as a significant resistance zone. - Key Support: If the breakout fails to sustain, the primary support area is likely to be around the ₹27 level. The key now is to watch for follow-through buying in the upcoming week or a potential retest of the broken trendline as support, which would further confirm the strength of this new uptrend.
NSE:SOUTHBANKLong
by Learn_with_Pth0mas
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
5
MCX: Riding the Bullion Buzz, One Wave at a TimeBack in July, MCX reached its peak at ₹9,115 — to complete an extended wave 3 which was accompanied by RSI divergence and fading momentum. A correction was expected, and the market delivered precisely that. Price found support almost to the point — ₹7,304 , marking the completion of Wave 4 within the broader impulse. The retracement ended right at 0.5 Fibonacci level of wave 2 and wave 3, validating the initial projection. Since then, structure has shifted to a bullish 1-2, 1-2 formation, suggesting that a new impulsive advance (Wave 3 of 5) is in progress. RSI has turned sharply higher — gaining back strength and how!!! Meanwhile, the macro picture adds fuel. With gold and silver rallying relentlessly , trading volumes across the commodity space have surged — a direct tailwind for MCX’s business model. Rising activity in precious metals typically translates into higher revenue for the exchange, aligning both fundamentals and technicals toward the same bullish narrative. Key Levels Support : ₹7,304 (Wave 4 low) Resistance : ₹9,115 (ATH) Intermediate zone : ₹8,700–₹8,800 (FRVP resistance shelf) As long as price holds above ₹7,304, MCX remains positioned for a continuation toward new highs in the coming weeks. 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:MCXLong
by WaveXplorer
IOC (D) - Tussling with a Critical Resistance ZoneIndian Oil Corp (IOC) is showing a strong bullish structure, but it has arrived at a critical juncture where two significant resistance levels are converging. The price action suggests a battle between buyers and sellers is underway, and a decisive move is imminent. The Bullish Foundation After a year-long downtrend that ended in February 2025, the stock has carved out a clear new uptrend , consistently forming higher highs and higher lows. This upward momentum is well-supported by multiple technical indicators: - Golden Crossover: A long-term bullish "Golden Crossover" of the Simple Moving Averages (SMAs) occurred a few months ago. - Indicator Strength: The short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are in a bullish state across the Monthly, Weekly, and Daily timeframes. The Resistance Test: A Mixed Signal The primary challenge for IOC is a confluence of two resistance trendlines: a long-term angular resistance and a short-term horizontal resistance . Today's trading session was a clear attempt to breach this zone, which resulted in a mixed signal: - Partial Success: The stock managed to close above the short-term horizontal trendline , a minor positive. - Key Rejection: However, while it did trade above the more critical long-term angular trendline intraday, it failed to hold these gains and closed below it . This failure to close above the long-term resistance, combined with consolidating (non-expanding) volume, suggests that sellers are still active and buyers currently lack the conviction to force a decisive breakout. Outlook and Key Levels The next few trading sessions are crucial and will provide clarity. - Bullish Scenario: A convincing daily close above the long-term angular trendline , especially if accompanied by an increase in volume, would confirm the breakout and signal a move towards the ₹178 level. - Bearish Scenario: Continued rejection from this trendline could lead to a pullback, with the stock likely to find support around the ₹141 level. The current price action warrants close monitoring. A breakout is clearly being attempted, but confirmation is required before a new directional trend can be established.
NSE:IOCLong
by Learn_with_Pth0mas
Sky Gold (D) - A Golden Breakout from the Downtrend?After being in a corrective downtrend since its all-time high in December 2024, Sky Gold has just executed a technically significant breakout. This move suggests that the period of selling pressure may be concluding and a new uptrend could be underway. The Breakout Signal The stock has been constrained by a descending (angular) resistance trendline that formed from its peak. Today's price action decisively broke this barrier: - Trendline Breach: The stock successfully broke out of the downtrend trendline. - Massive Volume Confirmation: The breakout occurred on the back of huge trading volume , lending strong credibility to the move. - Preceding Accumulation: Notably, trading volume has been steadily increasing over the past three days, indicating growing buyer interest leading up to the breakout. This bullish price action is well-supported by technical indicators. Across the Monthly, Weekly, and Daily timeframes, the short-term Exponential Moving Averages (EMAs) are in a positive crossover, and the Relative Strength Index (RSI) is rising, confirming a build-up in positive momentum. Outlook and Key Price Levels The primary challenge now is for the stock to sustain this newfound momentum. - Bullish Target: If the breakout holds with continued strong volume, the next logical resistance and potential target is the ₹400 level. - Key Support: If this proves to be a false breakout and the price fails to hold above the trendline, a retreat to the support level around ₹260 is possible. The immediate future is critical. Traders should now watch for follow-through buying or a successful retest of the broken trendline, which would now be expected to act as support, to confirm the validity of this breakout.
NSE:SKYGOLDLong
by Learn_with_Pth0mas
BANK OF INDIA | 1D | Premium Zone ReactionPrice has aggressively tapped into a higher timeframe premium zone after an extended bullish leg. Liquidity above June swing high has been swept clean, followed by a sharp rejection — indicating potential distribution and a short-term correction setup. 🔹 Key Notes: – Liquidity grab above previous high ✅ – Premium zone mitigation ✅ – Early signs of market structure shift ✅ – Targeting discount reprice near 116–118 zone Looking for price to retrace into the discount range before any fresh accumulation phase begins.
NSE:BANKINDIALong
by YCGH_Capital
McLeod Russel (D) - A Decade-Long Downtrend Reversal?After being in a severe downtrend for over ten years since its all-time high in February 2013, McLeod Russel is now showing compelling signs of a major trend reversal. A multi-year consolidation phase appears to have ended with a powerful, momentum-driven breakout. The Breakout: A Shift in Momentum The stock was locked in a sideways consolidation range since August 2020. However, recent price action signals a decisive shift in control from sellers to buyers: - Building Strength: Over the past few weeks, the stock began forming a pattern of Higher Lows , an early indication that selling pressure was diminishing and buyers were stepping in at higher prices. - Resistance Breach: On Friday, October 6th, the stock decisively broke out of a major, multi-year resistance level. - Explosive Follow-Through: The breakout was followed by extremely bullish action this week, with the stock gapping up at the open and immediately hitting the upper circuit limit each day. This indicates intense buying interest with a complete absence of sellers. This powerful move is confirmed by key technical indicators. The short-term Exponential Moving Averages (EMAs) are in a positive crossover, and the Relative Strength Index (RSI) is firmly in bullish territory across the Monthly, Weekly, and Daily timeframes. Outlook and Key Levels The current momentum suggests a significant new uptrend is underway. - Bullish Target: If this strong momentum continues, the next logical resistance and potential target for the stock is the ₹85 level. - Support Level: Should the momentum pause or a pullback occur, the breakout level around ₹35 is expected to act as a strong support zone. Given the rapid, vertical ascent, traders should watch the price action closely in the coming days for signs of either continuation or short-term exhaustion.
NSE:MCLEODRUSSLong
by Learn_with_Pth0mas
Indraprastha Medical (D) - Bullish Breakout or Bearish Reversal?Indraprastha Medical Co. is at a critical juncture, presenting conflicting signals that warrant close attention. While the long-term trend remains bullish, emerging patterns suggest a potential reversal. The Bullish Case: Strong Momentum The stock has been in a consistent uptrend since July 2023, followed by a period of sideways consolidation that began in October 2024. Today's session was notably strong: - New All-Time High: The stock registered a new all-time high, with the closing price being the same as the high of the day. This indicates intense buying pressure and an absence of selling at the peak. - Massive Volume: The breakout was supported by exceptionally high trading volume, adding conviction to the upward move. - Indicator Alignment: Key momentum indicators are bullish across multiple timeframes (Monthly, Weekly, and Daily). The short-term Exponential Moving Averages (EMAs) are in a positive crossover state, and the Relative Strength Index (RSI) is rising, confirming the underlying strength. If this bullish momentum is sustained and the stock decisively breaks out from the current resistance zone, the next potential target is the ₹760 level. The Bearish Counterargument: Divergence and Reversal Pattern Despite the bullish price action, there are significant warning signs: - Potential Double-Top: Today's new high has formed a potential Double-Top pattern on the Monthly, Weekly, and Daily charts. This is a classic bearish reversal pattern that can signal a market peak. - Bearish Divergence: Crucially, this pattern is accompanied by a bearish divergence in the RSI. While the price made a new high, the RSI failed to do so, suggesting that the momentum behind the rally is weakening. If the breakout fails and this bearish pattern plays out, the stock could see a significant correction, with a potential downside support level at ₹385 . Conclusion and Outlook The current technical landscape is ambiguous. We have a powerful breakout candle on high volume conflicting with a classic bearish reversal pattern and weakening momentum. The immediate price action in the upcoming days is critical. Traders should wait for confirmation . A sustained move above today's high would validate the bullish case, while a failure to hold these levels and a subsequent breakdown would give credence to the bearish scenario.
NSE:INDRAMEDCO
by Learn_with_Pth0mas