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STEELCAS Good VolumeStock Analysis: Steelcast Ltd (NSE: STEELCAST) Step 1: Chart Analysis & Price Action Assessment Stock recently experienced a dramatic price swing, moving from approximately ₹900 to ₹1,070 in March, followed by a sharp decline to ₹720, and now rebounding to ₹880 Currently trading at ₹880, up 14.79% for the day with significant volume (148.21K) Wide price bars in recent weeks indicate high volatility Previous trading range between ₹820-₹920 from November 2024 to February 2025 Today's large green candle suggests strong buying interest after the recent decline Step 2: Volume & Volatility Analysis Current volume (148.21K) appears significantly higher than average Volume spikes coincide with major price movements in September 2024, March 2025, and current bounce Recent price action shows extreme volatility with large candles and wide price ranges The sharp decline and subsequent rebound suggest possible shakeout pattern Step 3: Phase Classification The stock appears to be in a transitional phase with characteristics of both Stage 1 (Consolidation) and the beginning of potential Stage 2 (Accumulation) with these supporting factors: The stock experienced a Stage 3 Explosive Growth phase in March 2025 (reaching ₹1,070) Followed by a sharp correction (down to ₹720) Current price action suggests potential accumulation with today's strong bounce on high volume The previous base area (₹820-₹920) could serve as support for a new accumulation zone Step 4: Final Summary & Recommended Action Key Observations: Trend Direction: Mixed - recent correction but showing signs of stabilization Volume Behavior: Significant spike on today's rebound (148.21K) Volatility: Extremely high with recent price swings of 30%+ in both directions Support & Resistance Levels: Support around ₹800, Resistance at ₹920-₹950 Suggested Strategy: The stock appears to be transitioning from a correction into a potential new accumulation phase, but requires confirmation. Final Action Plan: CAUTIOUS BUY - The strong bounce on high volume after a sharp decline suggests possible accumulation, but the volatile nature demands caution: Consider a starter position if the stock maintains levels above ₹850 Add to the position if price stabilizes and forms a base, particularly if it can hold above the previous consolidation area (₹850-₹900) Set stop-loss below today's low or around ₹800 to manage risk in case this is just a temporary bounce Watch for continued higher volume on up days and decreased volume on down days to confirm accumulation This stock shows characteristics of a potential bottoming pattern after a correction, but its high volatility requires disciplined position sizing and risk management.
NSE:STEELCASLong
by Eswa007
4
HDFC Bank 1D Price Action BehaviorHDFC Bank chart, on 1 Day timeframe, shows a healthy uptrend with periods of consolidation and correction. The repeated base formations and subsequent upward moves suggest that the stock has strong support levels, and the resistance zone around 1650-1673 INR will be a key area to watch for determining the next direction of the trend. The price is currently within the resistance zone, indicating a critical level where the traders might be watching for either a breakout or a reversal. If the stock breaks through this resistance, it could indicate a continuation of the uptrend. If not, it may consolidate or retrace to the support zone.
NSE:HDFCBANKLong
by Rushabh_P_Shah
Lauruslabs Simple Analysis - BullishNSE:LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start. A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up. A Long Term Target of 449.05 is quite possible. This would be a 25.85% Return on Investment and a Reward to Risk of 3.61 in the monthly chart.
NSE:LAURUSLABSLong
by Prosenjit
RBL Bank a Simple Price Action Analysis BullishNSE:RBLBANK after a downtrend was able to break an LH which is a Bullish Signal and standing on a Trap Zone. Hence the expectation is it will move up for the Long Term. Entry: CMP: 266.55 | SL: 197.70 | 1st Target: 438.65 | 2nd Target: 716.40 Though Buy on Dips would be a better strategy. Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:RBLBANKLong
by priceissupreme
Tourism Finance Corporation Simple Price Action Bullish3 Reasons Why NSE:TFCILTD can be a Swing Long trade. 1. Price is in Uptrend and creating continuous HHs and HLs on the chart. 2. Price has revisited the uptrend line and this can send the price up. 3. Last but not least, the Price is standing at a Bullish Trap Zone which should send the price up. Moreover, it will allow us to Plot Specific Entry, Stop-loss, and Target. So, Entry at 202.95/- or CMP inside the level. Stop-loss at 175.75/- and Target at 260/-. This will make it a 2:1 RR trade and a 27.77% Return on Investment. Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:TFCILTDLong
by priceissupreme
Simple Price Action Analysis - LongSince August 2021 the price of NSE:VISAKAIND has only come down and created a reverse "N" like shape on the chart. This is a Bullish Pattern and should take the price up and make a Higher High. As it is a dividend-paying stock hence an investment can be made from cmp, with the first target of Rs 132.80/-, a second Target of 174.65/-, and a final target of 299.45/-. For any drawdown, the "Buy on Dips" strategy can be used and the stock should be held for long-term investment. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:VISAKAINDLong
by Prosenjit
HDFC Life Insurance simple price action analysisAs per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term. 1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend. 2. Channel Formation. 3. LTF trend change signal formed due to the break of an LH and an HH formation. The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment from CMP. Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:HDFCLIFELong
by priceissupreme
3
Central bank Of India Simple Price Action BullishNSE:CENTRALBK In the past was in a severe Down Trend, but currently, it has created a U-shape recovery, which should take the price up to 122, which is approx.136% Return on Investment from the current market price. But before going up there can be some consolidation and a small drawdown. Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:CENTRALBKLong
by Prosenjit
LICHSGFIN Simple Price Action Analysis BullishNSE:LICHSGFIN in the past was in a severe downtrend but now it has been able to break a Lower High and make a Higher High on the chart. This is a Signal for a change of Trend. The expectation is price will reach 587 in the near future. This is a Return on Investment of 38.44% approx. This Stock should be Bought at every Dip and Hold for a Target of 587. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
NSE:LICHSGFINLong
by priceissupreme
Bank Nifty Simple Price Action AnalysisNSE:BANKNIFTY At a Crossroad. After a big rally, it has created a Cup and Handle Pattern, which is a Bullish Pattern. The minimum target in that case would be 47000. But if 43600.35 Support is taken out then a Double Top will form which can take the price down to at least 40000. So, one should trade with caution. At this crossroad between two opposite bias Patterns, I would love to remain Bullish until the Support gets engulfed. expectation is Cup and handle will fire and the price will go up to 47000/-. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:BANKNIFTYLong
by priceissupreme
1
Turned down right from the opening of the new weekGold prices edged lower at the start of the week after posting solid gains from haven flows that were seen outperforming higher government bond yields across most of the globe. The price of precious metals decreased not because gold's upward momentum was over, but because the market needed to consolidate with resistance at 1,985 USD/ounce. The geopolitical situation and macroeconomic factors of the Middle East may have contributed to the increase in gold prices. The decline in the iShares iBoxx High Yield Corporate Bond Fund ETF reflects the worsening outlook for corporate bonds. This credit squeeze also affected Wall Street stock indexes and increased risks to other assets. The Middle East situation is unlikely to find a peaceful solution soon, which could maintain demand for gold despite higher Treasury yields. The 2-year Treasury note reached 5.25% last Thursday but fell to 5.10% over the weekend. The 10-year note also hit its highest level since 2007, briefly surpassing 5.0% before settling at 4.95%. The chart shows that the rise in the 10-year Treasury yield and the USD index has not yet affected the price of gold, but it is worth keeping an eye on in case of sudden movements in those markets. The sell-off of the iShares high-yield ETF could have broader consequences for stocks as companies face higher borrowing costs. SELL zone 1982$ - 1980$ - stoploss: 1986$ Buy zone1945$ - 1947$ - stoploss: 1940$
OANDA:XAUUSD
by Basil_Trading
Long term gold. 2050 COMINGCurrently gold is trading around 1980 USD and has increased a total of 7 USD today. It can be seen that after the Fed chairman's speech yesterday, gold's reaction was not too strong but still developed with the highest impressive number in the past two weeks since October 6. The reason gold prices increased cannot help but mention the fact that the gold market continues to benefit as the Israel-Hamas conflict continues to intensify. Besides, the cooling of the USD also partly supported gold's return. With gold retesting the level of 1,964 USD/ounce, this precious metal will easily surpass levels in the range of 1,985 - 1,995 USD/ounce. All resistance zones are not enough to slow down the rise of gold. Let me know your mind!
OANDA:XAUUSD
by Basil_Trading
ABRFL Simple Analysis - BullishNSE:ABFRL was in a steep downtrend in the past. It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it. Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend. The price has already reacted from a Trap Zone, and hence, I am expecting that it can give us a quick 10% Return on Investment. So, the Target could be 236 to 240 for now.
NSE:ABFRLLong
by Prosenjit
2