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V2 Retail Ltd: CnH Breakout Setup🛒 V2 Retail Ltd: CnH Breakout Setup Entry: ₹2,002.85 Stop Loss (SL): ₹1,687 (on closing basis; -15.77%) Target: 🎯 Positional Target: ₹2,323 (+15.98%) 🚀 Why this trade? Chart Pattern: Clear Cup and Handle (CnH) breakout with the stock trading in an ascending channel. Trend Confirmation: The stock is maintaining its position above key Daily Moving Averages (DMAs), confirming strength in the uptrend. Sectoral Tailwind: Budget 2025 brings a positive outlook for the consumption and FMCG sector, supporting this trade's fundamentals. Volume: Increasing, but it still needs improvement to strengthen the breakout signal. ⚠️ Key Observations and Risks: Resistance Ahead: The channel top may act as resistance, so price action near these levels should be watched carefully. Market Context: Broader market trends are weak, making this a counter-trend trade that adds an element of risk. Volume Concerns: Volume is yet to fully confirm a breakout; a retest is possible. 📚 Educational Insights: Channel Tops as Resistance: In ascending channels, the upper boundary often acts as dynamic resistance; breakout strength depends on volume. Risk Management: With a wide stop loss (closing basis), position sizing becomes critical to limit exposure. This is a positional trade, so short-term fluctuations shouldn’t influence decisions prematurely. ✅ Suggested Approach: Take small positions initially to minimize risk while testing the market. Monitor volume and sector strength for additional confirmation. Avoid over-leveraging in trades with broad SLs, especially in counter-trend setups. 📈💡 "Adapt to market behavior, but always trade with discipline and patience." Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing involve significant risk, and past performance is not indicative of future results. Please consult with your financial advisor before making any trading or investment decisions. Always manage your risk and trade responsibly.
NSE:V2RETAILLong
by sagartharayil
BOMBAY SUPER SEEDS LTD [BSHSL]- DESCENDING CHANNEL PATTERN1. Pattern Analysis: What We See - Pattern Name: Descending Channel with Double Bottom Breakout. - What is Happening? - The stock has been moving downwards within a descending channel for the last two years. This means the price has been repeatedly bouncing between two downward-sloping lines (the upper red resistance line and the lower blue support line). - Recently, the price broke above ₹173, which was the resistance level of the descending channel and the breakout point for a double bottom pattern (a strong bullish reversal pattern). - Why is This Important? - A breakout from such long-term patterns, especially with strong volume, indicates that the trend is changing from bearish to bullish. - The stock is showing strength and is now poised to move higher if it holds above ₹173. 2. Volume Analysis: What the Numbers Tell Us - Recent Volume Behavior: - Over the past two weeks, we’ve seen a sharp increase in trading volume. This suggests that big players (like institutions) are buying the stock in anticipation of higher prices. - This spike in volume aligns perfectly with the breakout above ₹173, adding confidence to the bullish signal. 3. Price Action: What the Candles Show - Recent Candlesticks: - The last few candles on the chart are big and bullish (wide bodies with strong upward movement). - The stock is now trading near ₹170–₹173, showing strength after the breakout. 4. Bullish Signal Confirmation - Breakout Confirmation: - The stock has crossed and stayed above ₹173, confirming the breakout. - This is a clear sign of a bullish trend reversal. - Key Levels to Watch: - Support (Safety Net): ₹150 is the critical support level. If the stock falls below this, the bullish setup could weaken. - Resistance (Next Hurdles): - First Target: ₹200 (psychological and historical resistance). - Second Target: ₹260 (next major resistance based on the pattern). 5. Entry, Targets, and Stop Loss - Recommended Entry: - You can consider entering near ₹173 if the stock holds above this level with good volume. - Targets: - First Target: ₹200 (short-term). - Second Target: ₹260 (medium-term). - Stop Loss: - Keep a stop loss at ₹150. This ensures that if the stock moves against the setup, your losses are minimized. Disclaimer: This analysis is for educational purposes only and should not be considered as investment advice. We are SEBI-registered research analysts, and while the information shared is based on thorough technical analysis, you are strongly advised to consult your financial advisor or analyst before making any investment decisions. Markets carry risks, and past performance does not guarantee future results.
NSE:BSHSLLong
by Mr_Chartist_
Laurruslabs - Potential Breakout Opportunity🚀 Laurruslabs - Potential Breakout Opportunity 🔑 Early Entry: ₹627.5 💥 ATH Level: ₹725 📊 Positioning & Strategy: 💰 Entry Point: ₹627.5 ⚠️ Stop Loss (SL): ₹498 (20.9% downside risk) 🎯 Target 1: ₹725 (15% upside potential) 📈 Positional Target 1: ₹829 (~32% upside from entry) 🌟 Long-term Target: ₹999 (~59% upside from entry) 📍 Key Levels & Action Plan: Laurruslabs has been in an upward trajectory since April 2023 📈. It consistently takes support near the 200 DMA, signaling strength in its trend 🔄. 27 Jan 2025 saw a red candle with huge volume 📉, but the stock quickly bounced back 🚀. The ATH level at ₹725 is key 🔑. A breakout above ₹725 would confirm a 3.5-year resistance breakout and All-Time High. 💡 Action Strategy: For Safe Traders: 📉 Book partial profits at ₹725 and trail SL to lock in gains 📊. For Risk-Tolerant Traders: 👀 Watch for a breakout above ₹725. If confirmed with 3-5X volume 📈 and a clean breakout candle, consider adding more 🚀. 🔢 Risk-to-Reward (RR) Calculations: From Early Entry to Target 1 (₹725): Upside: ₹725 - ₹627.5 = ₹97.5 (15% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:0.72 (Risk is higher than reward here, so position sizing is key 🧑‍💼) From Early Entry to Positional Target (₹829): Upside: ₹829 - ₹627.5 = ₹201.5 (32% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:1.56 (Better reward for the risk taken ✅) From Early Entry to Long-Term Target (₹999): Upside: ₹999 - ₹627.5 = ₹371.5 (59% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:2.87 (Excellent reward for the risk taken 🎯) ⚠️ Risks Involved: 📉 Market Conditions: The overall market is in a LH LL structure, so we are trading against the trend 📊, which adds extra risk 🔥. 🔥 27 Jan 2025 Candle: The red candle with high volume is concerning, but no follow-through happened 📉. The stock bounced back quickly, which we can consider as a shake-out 🌪️. 📏 Position Sizing: Due to the deep stop-loss (20.9%), position sizing is crucial to manage risk effectively ⚖️. "The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett 💬 Disclaimer: This analysis is educational and not financial advice. Always do your own research 📚 and consult a professional advisor 💼 before making any trading decisions. Stock market investments are risky, and past performance doesn't guarantee future returns 💡.
NSE:LAURUSLABSLong
by sagartharayil
Coal India. Buy the Dip?Stock: Coal India (COALINDIA) Current Price: ₹385.05 Technical Analysis: 1⃣ Descending Channel: The stock is trading within a descending channel, forming a base with a potential double-bottom pattern. 2⃣Structure: Lower Lows (LL) and Lower Highs (LH). The overall market structure remains weak. 3⃣200-DMA: Stock is trading below its 200-day moving average, indicating caution for bullish momentum. Trading Plan: Entry: Above ₹400.30 on a breakout candle backed by 3x-5x volume. Stop Loss (SL): ₹352.55 (closing basis). Target Levels: T1: ₹428.30 (7.00%, R:R 0.8:1) T2: ₹458.50 (14.55%, R:R 1.6:1) Positional T1: ₹517.20 (29.20%, R:R 3.7:1) Positional T2 (ATH): ₹544.30 (36.00%, R:R 4.7:1) Key Observations: Dividend Payout: Suitable for long-term investors accumulating during dips. Weakness Trigger: A weekly close below ₹360 could indicate further downside. Risky traders may short below this level. RSI: Needs improvement to signal bullish strength. Momentum Play: Not recommended for short-term traders. Wait for structural change above ₹400. What to Watch During Breakout? Volume Surge: Wide-range breakout candle backed by 3x-5x average volumes. Sustainability: Ensure a close above ₹400 to confirm a breakout. Disclaimer: This analysis is for educational purposes only. Always conduct your own analysis and consult a financial advisor before trading. Trade responsibly and manage risks.
NSE:COALINDIALong
by sagartharayil
GOLD - BEARSIH STRUCTURE FORMING. WILL IT BREAK CHANNEL SUPPORT?Symbol - XAUUSD Gold has recently tested lower levels of rising channel and is now engaging with trend support, creating volatility in the market. The strengthening of the U.S. dollar is exerting downward pressure on the precious metal. Gold appears to be entering a corrective phase, with the market gradually shifting from a bullish to a bearish outlook due to increasing demand for the dollar, driven in part by concerns over potential trade wars arising from U.S. policies under former President Trump's administration. The issue of tariffs imposed by the U.S. remains unresolved. Meanwhile, traders are closely monitoring U.S. economic data, including durable goods orders and consumer confidence, as well as the Federal Reserve's upcoming meeting, with its outcome expected to be released on Wednesday. From a technical perspective, after the breakdown of the bullish market structure, the price is currently testing the support of the established channel. It is unlikely that this support level will be breached on the first attempt, and the price may experience a corrective move towards 2745 or potentially the imbalance zone, such as the 2750-2760 range, before resuming its downward trajectory due to selling pressure. Key resistance levels: 2745, 2751, 2760 Key support levels: 2735, 2718 If the price fails to breach the 2745 resistance level and retreats to 2735, this could signal a potential break of trend support. In that scenario, an impulsive move towards 2718 may materialize. However, if the 2745 resistance level is overcome, gold could test the 2750-2760 range before continuing its downward movement which is more likely.
OANDA:XAUUSDShort
by akshit_official
CHOLAFIN - ReassessmentThe last time I posted the chart, the inverted Head and Shoulder pattern was evident and it had signaled that the downward trajectory has been arrested. However, the analysis was premature and with the very close Stoploss we were safely out of the stock. That is the benefit of having a stoploss. Since then the stock has gone on to form a nice base respecting that bottom zone the Inverted Head and Shoulder had arrested and also now it is making a more evident Triple Bottom on the Support line of the Ascending Channel. I believe the stock is now ready for an up move.
NSE:CHOLAFINLong
by CannySunny
Wipro's Steady Climb with Cautionary Signals Topic Statement: Wipro's recent strong quarterly performance has led to a significant surge in its stock price, indicating a potential bullish trend. Key Points: 1. The company reported a robust 24.6% QoQ profit growth for the third quarter. 2. The stock is trading in an up-trending channel, making channel trading convenient. 3. A double top pattern has emerged, indicating potential resistance. 4. Buying at the lower end of the channel, near the 180-day moving average, offers an oversold entry point.
NSE:WIPROShort
by yogeshwar
Nifty Weekly Review Jan 27 - Jan 31Price moved in range between 23000 to 23400 through out this week. 23000 is a strong support zone. Price is bullish as long as it is sustaining above 23000. In daily time frame price is testing support zone and should move above it to be bullish. Buy above 23060 with the stop loss of 23010 for the targets 23100, 23140, 23190, 23240, 23300, 23360, 23420 and 23460. Sell below 22960 with the stop loss of 23000 for the targets 22920, 22880, 22820, 22760 and 22720. Do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
9
Persistent Systems: A Promising Opportunity?Persistent Systems is currently trading in an ascending channel, indicating an ongoing uptrend 📈. After correcting nearly 20% from its all-time high (ATH)—which coincided with the channel top—it has now broken above a key trendline with strong volume and a wide-range bullish candle 💪. 📊 Key Technical Analysis: 🎯 Entry: ₹6,365 ⛔ Stop Loss (SL): ₹5,538 (closing basis) 🏁 Targets:T1 (Previous ATH): ₹6,790 (+7%) Positional Target: ₹7,681 (+21%) Long-Term Target: ₹9,094 (+43%) 📌 Technical Highlights: 1⃣Persistent has bounced back from the 50 DMA, showing strong respect for this critical support level 2⃣Closed above the 50 DMA with a strong bullish candle (minimal upper wick, significant volume). 3⃣Trendline Breakout 4⃣RSI is rising, indicating upward momentum. 5⃣Channel top could act as resistance—keep an eye on price action near T1 levels. 🧮 Position Sizing:Start with 20-30% of your planned allocation at ₹6,365. If ₹6,790 is broken with volume, consider adding more. Partial profits can be booked at T1, with the remainder trailed for higher targets. ⚠️ Respect the SL (Stop Loss), as it represents a 12.45% risk. 📈 Why Persistent Systems Looks Attractive for Long-Term Consideration: 1. 🌟 Growth Drivers: AI Integration: AI is a core focus for Persistent’s growth strategy, with significant investments in AI-driven solutions 🤖. Strategic Acquisitions: Acquisitions like Starfish Associates (contact center modernization) and Arrka (digital governance and AI cybersecurity) enhance Persistent’s offerings. 📊 Revenue Momentum: The company has reported 18 consecutive quarters of revenue growth, recently achieving a robust 18.4% YoY increase. 🏆 Industry Recognition: Named the fastest-growing IT services brand in the 2024 Brand Finance India 100 report, highlighting its competitive edge. 2. 🛠️ Expansion Plans: Focused on AI-led, platform-driven services to drive innovative solutions for clients. Strengthened executive leadership to support non-linear growth through mergers, acquisitions, and large deals. 3. 💹 Respecting Key Support Levels: Persistent has consistently respected the 50 DMA, a strong indicator of investor confidence and support at this level. These factors, coupled with the company’s strategic focus on AI and consistent execution, make Persistent Systems an attractive consideration for long-term investment. 🌍 Broader Sector Context: The IT sector is holding up well despite market volatility, and Persistent’s positioning in emerging technologies like AI ensures it is aligned with future trends 🔮. 💡 Final Thoughts: This trade is against the trend, so trade light and manage risk effectively ⚖️. The channel top could pose resistance, but the overall structure and long-term prospects are promising. The probability of trades failing is high when the market is in a downward trend. Please keep that in mind. If you find this analysis insightful, like and share to help others make informed decisions 👍. Follow me for more educational trading ideas and detailed stock analysis 📚. ❗ Disclaimer: This is for educational purposes only. Please consult with your financial advisor before making any trading or investment decisions.
NSE:PERSISTENTLong
by sagartharayil
Gold long term opportunity - 15% from current priceGold has been travelling in an ascending channel since July 2024, when China started buying in large amounts. It has formed a textbook cup-and-handle pattern by taking support from its previous resistance of 73800, by forming the cup's bottom. Cup and handle range of approx 7.2% might take it to the channel's top, which co-incides with Fib 1.6 level of 84000. When it breaks the channel, the channel's range of 8.5% might take it above Fib 2.6 level of 90000. So far buying opportunities might present itself at following intervals: 78900, when it takes support from the cup and handle resistance 79800, when it takes rejection from Fib 1 level Again at around 80000 when it breaks above the Fib 1 level and takes support from it.
MCX:GOLD1!Long
by anubhav_karanseth
NIFTY Budget Day buying opportunityNifty 50 is travelling in a descending channel from all time high. It has broken the mid-point of the channel and can drop approx 4% more to reach the bottom line. NSE is conducting a special trading session on Saturday 1st Feb, when the new budget will be presented. This co-incides with the bottom of the channel, so I expect Nifty to drop approx 4% more in the next 7 sessions. It should bounce from the bottom line which is also a support zone from Election Day and before, take a rejection from the channel mid-point, take support from the top of the zone, then go upwards to the top line of the channel.
NSE:NIFTYLong
by anubhav_karanseth
4
SBI - Long Term Investment IdeaSBI iS BELOW a crucial resistance levels. Strategy used : Support Resistance levels and Trendlines SBI near a crucial resistance levels 750-770 level. CMP: 756 Current support levels 750 are broken and acts as resistance. Investment idea: 50% - When crossing 762 if 610 levels are tested due to sudden spikes and rebounds, invest 50 % of the funds Key points: Q3 results are expected on 31st Jan 2025. Upcoming Budget on Feb 01 2025 Support resistances - refer above. This idea will be for long term and will be updated regularly Note: Not a SEBI registered analyst. Plan and trade as per your analysis
NSE:SBIN
by iTechnIndica
Indus Ind BankI have found interesting patterns in different time frame. In lower time frame price has formed an ascending triangle, and it is testing the bottom of the channel. Also price is consolidating in a narrow range. In daily time frame, price is forming a descending triangle and testing the upper trend line of the channel. So two time frames with different direction. In which direction price will move? We can expect more range move if price fails to gain trend strength. Buy above 974 with the stop loss of 966 for the targets 982, 990 and 998. Sell below 960 with the stop loss of 970 for the targets 950, 938 and 926. Do your own analysis before taking any trade.
NSE:INDUSINDBK
by vanathi