NAZARA - Breakout from Long-Term Falling Wedge📊 NAZARA – Breakout from Long-Term Falling Wedge | Strong Weekly Momentum
🕰️ Timeframe: Weekly | 💥 Pattern: Falling Wedge Breakout | 🔥 Sentiment: Bullish
📈 Chart Overview:
Nazara Technologies has broken out of a multi-year falling wedge on the weekly chart, with a strong green candle above key EMAs and Fibonacci confluence zones. Price closed the week above ₹1,100, indicating a shift in long-term momentum and a potential start of a fresh uptrend.
🔍 Technical Highlights:
📉 Falling Wedge Pattern: Multi-year consolidation now broken on strong volume
💥 Breakout Candle: Price closed above trendline resistance and key Fibonacci 50% level
🧠 Volume Surge: Volume confirmation signals institutional interest
📊 EMA Confluence: Price trading above 20/50/100/200 EMAs – bullish alignment
🧱 Support & Resistance Levels:
Level Type Price (₹)
🔼 Resistance 1 1,219.25 (Fib 61.8%)
🔼 Resistance 2 1,678.00 (Previous ATH / Fib 100%)
🔻 Support 1 1,077.55 (Fib 50% – breakout zone)
🔻 Support 2 935.85 (Fib 38.2% + EMA cluster)
🔻 Support 3 820–860 (multi-touch horizontal support & EMA 200)
🔧 Indicators Used:
Fibonacci Retracement – Plotted from swing low ₹477.10 to high ₹1,678.00
EMA 20/50/100/200 – Price is now above all EMAs, showing trend shift
Volume Bars – Confirming strong breakout
Chart Pattern – Falling wedge (typically bullish)
📌 Chart Sentiment & Setup:
✅ Bias: Strongly Bullish
📍 Breakout Level: ₹1,077
🎯 Upside Targets: ₹1,219 → ₹1,320 → ₹1,678
❌ Invalidation: Sustained close below ₹935 with volume
📢 Summary:
Nazara is showing signs of a structural breakout after prolonged downtrend and consolidation. The falling wedge breakout, confirmed by volume and EMA crossover, sets up a long-term bullish outlook. A retest of the ₹1,075–₹1,100 zone could offer a high-probability entry.
🧠 Pro Tip: Wait for a weekly candle close and minor pullback to the breakout level before entry.
⚠️ Disclaimer: This is a technical analysis post meant for educational purposes only. Please do your own research or consult a financial advisor before investing.
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PREMEXPLN - Cup & Handle Breakout | Volume Surge📊 PREMEXPLN – Cup & Handle Breakout | Volume Surge + Key Fibonacci Confluence!
🕰️ Timeframe: 1D | 📐 Pattern: Cup & Handle | 📊 Momentum: Bullish
📈 Technical Chart Overview:
Premier Explosives has executed a clean breakout above a long-term descending trendline and a cup & handle base with a massive spike in volume, hinting at a powerful trend reversal.
Price surged nearly +19% intraday, confirming strength near the 61.8% Fibonacci retracement from the previous swing high at ₹910.30 to the swing low at ₹253.40.
🔍 Chart Highlights:
☕ Cup & Handle Pattern: Formed over several months, signaling accumulation and breakout
📐 Descending Trendline: Broken with strength and volume confirmation
📊 Volume Spike: Volume highest since April 2024 – strong buyer interest
🟢 Breakout Zone: ₹472.65–₹480.00 (key previous resistance)
🔴 RSI (14): At 67.72 – approaching overbought zone, suggesting strong momentum
🧱 Support & Resistance Levels:
Level Type Price (₹)
🔼 Resistance 1 504.10 (Fib 61.8%)
🔼 Resistance 2 581.10 (Fib 50%)
🔼 Resistance 3 659.90 (Fib 38.2%)
🔻 Support 1 440.00 (Breakout Retest Zone)
🔻 Support 2 308.75 (Horizontal demand zone)
🔻 Support 3 253.40 (100% Fib low)
🔧 Indicators Used:
Fibonacci Retracement – Plotted from ₹910.30 to ₹253.40
RSI (14) – Showing bullish divergence and breaking out of consolidation
Volume Bars – Confirming breakout with institutional strength
Bull/Bear Icons – Track momentum shifts visually over RSI
🧭 Trade Outlook:
✅ Bias: Bullish
🛒 Entry Zone: Retest near ₹472.65–₹480 (ideal pullback entry)
🎯 Targets: ₹504 → ₹581 → ₹660+
❌ Invalidation: Close below ₹440 with volume
💬 Summary:
PREMEXPLN looks strong on the daily chart after breaking a classic cup & handle pattern with volume confirmation. The breakout aligns perfectly with Fibonacci retracement zones, suggesting room for continued upside. Monitor for a potential retest entry.
⚠️ Disclaimer: This is a technical analysis chart for educational purposes only. Do your own research and consult a financial advisor before trading.
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TILL - Descending Trendline Breakout Watch📊 TIIL – Descending Trendline Breakout Watch | Key Fib Retest in Play
🕰️ Timeframe: 1D | 🧭 Pattern: Descending Triangle | 🎯 Fibonacci Reversal Setup
📈 Technical Analysis Summary:
TIIL is currently approaching a major trendline resistance, drawn from its all-time high. After a long downtrend, the stock is now testing the 50% Fibonacci retracement level at ₹2,731.35 with rising momentum.
The price is hovering near a breakout zone and consolidating just below resistance, hinting at potential bullish continuation. A successful breakout can open gates to much higher levels, especially toward the 38.2% Fib zone and beyond.
🔍 Chart Highlights:
⚪ Descending Trendline: Key multi-month resistance line
🟢 Current Price Action: Holding above 61.8% Fib (₹2,448.40) and pushing toward 50% zone (₹2,731.35)
🔵 Base Support: ₹2,112.25 (previous structure low)
📈 Volume: Gradual build-up near resistance zone
🔴 RSI (14): Currently at 59.70 – neutral-to-bullish, showing higher lows
📍 Bullish RSI Icons: Highlighted near recent bottoms, indicating accumulation zones
📌 Support & Resistance Levels:
Type Level (₹)
🔼 Resistance 1 2,731.35 (Fib 50%)
🔼 Resistance 2 3,014.30 (Fib 38.2%)
🔻 Support 1 2,448.40 (Fib 61.8%)
🔻 Support 2 2,112.25 (Major horizontal support)
🧭 Trading Setup Overview:
✅ Bias: Bullish if price breaks and closes above trendline and ₹2,731
💡 Entry Watch: Break and hold above ₹2,731.35 with volume
🛑 Invalidation: Close below ₹2,448.40 (61.8% Fib)
🎯 Upside Targets: ₹3,014 → ₹3,500+ (based on structure)
💬 Conclusion:
TIIL is at a critical juncture with a high-probability trendline breakout setup in play. The Fibonacci confluence, improving RSI, and rising volume indicate a bullish bias. Watch for a strong breakout candle above ₹2,731 for potential positional opportunities.
⚠️ Disclaimer: This chart is shared for educational purposes. Kindly consult your financial advisor before making any trading decisions.
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NIIT LTD - Bullish Reversal Setup📊 NIIT LTD – Bullish Reversal Setup
🕰️ Timeframe: 1D | 🧩 Pattern: Double Bottom
🔍 Technical Chart Overview:
NIIT is showing a strong Double Bottom reversal pattern on the daily chart — a classic signal of potential trend reversal from bearish to bullish.
After bouncing from the major support zone near ₹105, the price has broken out above the neckline (around ₹133.5) on strong volume, indicating bullish conviction.
🔑 Key Technical Levels:
🔵 Resistance Levels:
₹159.70
₹171.50
🔴 Support Levels:
₹133.50 (neckline retest zone)
₹127.90 (minor support)
₹105.00 (base support)
📈 Breakout Confirmation:
Price has broken above the neckline with a high volume spike, confirming the double bottom breakout.
Next targets lie in the ₹159–₹171 range, aligning with previous supply zones.
📊 Volume & Price Action Notes:
Recent bullish candles with above-average volume
Potential retest of neckline could offer a favorable risk-reward entry
🧠 Bias: Bullish (as long as price holds above ₹133.5)
📌 Chart Indicators Used:
📉 Volume Spike confirmation
🔃 Double Bottom Pattern
🔍 Key S/R Levels marked
📍 Entry/Target Path projection with arrow
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Please DYOR before making trading decisions.
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SAPPHIRE FOODS - Bullish Breakout From Falling Wedge📊 SAPPHIRE FOODS – Bullish Breakout from Falling Wedge
🕰️ Timeframe: 1D | 📉 Pattern: Falling Wedge Breakout
🔍 Technical Breakdown:
SAPPHIRE has broken out of a well-defined falling wedge pattern — a bullish reversal signal — backed by a sharp move on increased volume.
This wedge has been forming since early February, and the recent breakout above the upper trendline suggests renewed momentum and buying interest.
🔑 Key Technical Levels:
🔵 Resistance Zones (Upside Targets):
₹354.45
₹372.20
₹381.60
🔴 Support Zone:
₹311.15 (previous resistance turned support post-breakout)
⚪ Wedge Support Line: Well-held and now acting as a base for this breakout rally
📊 Volume & Indicator Insights:
🔺 Breakout is supported by a volume surge (300K), indicating institutional or smart money participation.
🔄 RSI at 66.81, nearing overbought territory but still in healthy uptrend range — confirming strength.
📉 RSI signals:
Bullish crossover (around ₹300) confirmed breakout
Prior “Bear” signal in Feb has now reversed to “Bull” (label shown)
🧠 Bias: Strongly Bullish
📍 Retest of ₹311–₹320 zone could offer re-entry opportunity with favorable risk-reward.
⚠️ Disclaimer: This chart is for educational purposes only. Please conduct your own due diligence or consult a professional before investing.
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SARLAPOLY - Cup & Handle Breakout With Fibonacci Confluence📊 SARLAPOLY – Cup & Handle Breakout with Fibonacci Confluence
🕰️ Timeframe: 1D | 📐 Pattern: Cup Formation + Trendline Breakout
🔍 Technical Overview:
SARLAPOLY has completed a Cup pattern and given a strong breakout above the descending trendline resistance, accompanied by a massive volume spike.
The breakout aligns well with the 61.8% Fibonacci retracement level (~₹100.94), increasing confidence in the breakout's validity.
🔑 Key Technical Levels:
🔵 Resistance / Upside Targets:
₹117.88 (Fib 78.6%)
₹120.00
₹123.68
₹125.00
₹127.90
₹132.25 (100% Fib retracement)
🔴 Support Zones:
₹101.13 (recent breakout level / Fib 61.8%)
₹94.66 (previous resistance zone – now support)
₹91.27 (Fib 50%)
₹69.07 (23.6% Fib + structure support)
📊 Volume & Indicators:
📈 Breakout Volume Surge – Volume confirmation indicates institutional interest and breakout strength.
🧮 Fibonacci Retracement – Plotted from swing low (₹50.30) to swing high (₹132.25), gives clear confluence zones.
🔺 Trendline Breakout – Downward sloping trendline broken cleanly, confirming bullish intent.
☕ Cup Formation – Classic rounding bottom visible, suggesting accumulation phase is complete.
🧠 Bias: Bullish
📉 Watch for a retest around ₹100–₹101 zone as a potential re-entry point with SL below ₹94.66 for positional swing.
⚠️ Disclaimer: This is an educational analysis and not financial advice. Always do your own research before making investment decisions.
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SMS PHARMA - Cup & Handle Breakout with Volume Confirmation📊 SMS PHARMA – Cup & Handle Breakout with Volume Confirmation
🕰️ Timeframe: 1D | 📐 Pattern: Cup & Handle Formation
🔍 Technical Setup:
SMS Pharma has formed a classic Cup & Handle pattern, which is a bullish continuation pattern. The breakout has occurred above the neckline resistance with a clean breakout candle, confirming bullish momentum.
The falling trendline resistance has also been decisively broken, adding further confidence to the breakout strength.
🔑 Key Levels to Watch:
🔵 Resistance (Upside Targets):
₹258.05
₹271.70
🔴 Support Zones:
₹230.57 (neckline support)
₹211.77 (handle base)
₹181.95 (major horizontal support zone)
📊 Volume & Indicators:
🔺 Volume Surge at breakout confirms strength and participation — a good sign for trend continuation.
📈 RSI: 64.58 — close to overbought zone, but still indicating strength. Minor consolidation near ₹240 would be healthy before further up move.
🧠 Bias: Bullish
📉 Any pullback to ₹230–₹235 can offer a good entry opportunity with risk managed below ₹211.
⚠️ Disclaimer: This is an educational analysis and not investment advice. Do your own research before making any trading decisions.
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💬 Drop your thoughts in the comments — will this Cup & Handle breakout hit the ₹270 zone?