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SRF LTD: Price Compression at Key Resistance|Clean Breakout Play📌 Structure: Daily Timeframe SRF has been consolidating inside a clean descending channel, printing lower highs while demand holds near the channel base. Price is now pressing against well-tested channel resistance — a clear decision zone. 🔴 Key Reads Descending resistance respected multiple times Tight price compression near supply → volatility contraction Buying interest visible near demand Muted volume during consolidation → pre-expansion behaviour This is structure-led, not momentum-driven. 🟢 Breakout Rules (Strict) Trade triggers only if: Strong green Marubozu / near-Marubozu Daily close above descending resistance Clear volume expansion No close above resistance = no trade. 🎯 Trade Plan Entry: Breakout close SL: Low of breakout candle Target 1: ₹3300, then trail Management: Trail via higher lows / structure Defined risk. Reward from range expansion, not prediction. 🧠 Why It Works - Long consolidation builds energy - Repeated rejections weaken supply - Channel breakouts often expand fast Clean price + volume = institutional participation ⚠️ Invalidation Weak breakout Low volume Rejection wick with close back inside channel → No trade 📊 Final Word SRF is coiled, not weak. Patience first. Execution only on confirmation. ➡️ Let price prove strength. 👍 Appreciate if this helps. ⚠️ Disclaimer This is a technical study for educational purposes only, based purely on price action and volume. Not financial advice. Please manage risk as per your own trading plan. 🔔 Follow If you like clean, no-indicator, price–volume based setups,👉 Follow for more structure-led trade ideas and chart studies. 💬 Your Turn Have a stock you want analysed using pure price action & volume? Drop the name in the comments — I’ll pick a few and share clean charts.
NSE:SRFLong
by Alert_Trader
2
#NIFTY Intraday Support and Resistance Levels - 06/01/2026A flat to mildly cautious opening is expected in Nifty 50, with price currently trading near the 26,240–26,260 zone, which is acting as a short-term decision area. After the recent up-move, the index has paused near this zone, indicating profit booking and consolidation rather than fresh aggressive buying. This confirms that the market is waiting for a clear directional trigger before committing to the next move. On the upside, a sustained move above 26,250 will be the key bullish trigger. If Nifty manages to hold above this level, long positions can be considered with upside targets at 26,350, 26,400, and 26,450+. A clean breakout and acceptance above 26,250–26,300 may invite follow-through buying and continuation of the broader bullish structure. On the downside, if the index fails to sustain and breaks below 26,200, selling pressure may increase. In such a scenario, short trades can be planned with downside targets at 26,150, 26,100, and 26,000-, where strong support is expected to emerge. Until a decisive breakout or breakdown occurs, traders should remain disciplined, focus on level-based execution, and avoid aggressive trades during this consolidation phase.
NSE:NIFTY
by TradZoo
APOLLOHOSP - Range-to-Reversal Attempt from Demand Zone💹 Apollo Hospitals Enterprise Ltd (NSE: APOLLOHOSP) Sector: Healthcare | CMP: 7348 View: Range-to-Reversal Attempt from Demand Zone | Early Momentum Rebuild Chart Pattern: Accumulation Candlestick Pattern: Strong Bullish Marubozu | Bullish Engulfing Price Action: APOLLOHOSP has been in a corrective phase after a prior uptrend, trading within a descending structure marked by a clear trendline connecting lower highs. Price recently reacted strongly from a long-term support zone near the lower boundary of the range, forming a decisive bullish candle that signals demand absorption at lower levels. While the broader structure still carries corrective characteristics, the recent move reflects an early attempt at reversal and mean reversion, with price pushing back toward the mid-range as it approaches the declining supply line and overhead resistance zone. Technical Analysis (Chart Readings): The chart reflects a high-confluence bullish technical state where multiple indicators are aligning simultaneously. Price has printed a strong bullish Marubozu / engulfing candle, indicating clear buyer dominance with minimal intraday supply, and this move is accompanied by Bollinger Band expansion following a squeeze, pointing to a volatility release after a consolidation phase. Trend alignment is visible through the upward crossover of EMA 9–20 and price holding above the EMA 200, further supported by bullish SuperTrend and VWAP structure, suggesting acceptance of higher price levels. Momentum indicators reinforce this shift, with RSI at 60.52 signalling a breakout into strength territory, MACD remaining positive with an expanding histogram, ADX near 29.87 reflecting a strengthening trend environment, and ROC at 4.17 percent confirming positive rate-of-change momentum. Volume readings show active participation, with current volumes meaningfully above average, highlighting conviction behind the move rather than a low-liquidity spike. Relative strength versus NIFTY at 4.14 percent indicates short-term outperformance, while the mid-range 52-week positioning suggests the move is occurring within structure rather than at an extreme, together portraying a synchronized alignment of price, trend, momentum, volatility, and volume consistent with a developing directional expansion phase. Key Levels (Chart Readings): The chart highlights a well-defined demand–supply structure shaping price behaviour. On the downside, a strong demand zone is visible in the 6900–6800 region, from where price has repeatedly found support, indicating sustained buying interest and accumulation at lower levels. This zone is further reinforced by clearly marked support levels around 7138.67, 6929.33, and 6818.67, establishing a layered support base rather than a single-point level. On the upside, price has previously reacted sharply from the overhead resistance band near the 7800–8000 zone, marked as a possible supply area, suggesting distribution and selling pressure at higher levels. Intermediate resistance levels around 7458.67, 7569.33, and 7778.67 indicate zones where price has struggled to sustain upward momentum in the past. The recent bounce from the demand zone back toward the mid-range reflects a range-to-reversion move within structure, while the overhead resistance is still relatively weak but present, implying that acceptance above these zones would be required for sustained upside. Overall, the chart reads as a market transitioning from demand-led support toward a test of overhead supply, with price currently navigating between clearly defined structural boundaries rather than moving in an uncharted zone. Demand & Supply Zones (Chart Readings) The chart outlines a clearly defined demand–supply structure guiding near-term price behaviour. A possible swing demand zone is observed between 7091.50–7072.50, where price has previously attracted sustained buying interest, establishing a structural base within the broader range. Nested within this area, a possible intraday demand zone around 7091.50–7077.50 highlights immediate short-term demand, indicating active participation at these levels. On the upside, possible intraday supply zones are identified near 7282.00–7294.50 and 7321.00–7331.50, where prior price reactions suggest the presence of supply and potential short-term resistance. Collectively, these zones frame the current price environment, with price positioned between nearby demand and overhead supply, making them important reference areas for observing future price reactions. STWP Trade Analysis: APOLLOHOSP has triggered a decisive bullish expansion, marked by a wide-range green candle supported by high volume, indicating strong demand emergence after a prolonged corrective phase. From an intraday perspective, the stock holds a bullish bias above the 7360 zone, with the structure allowing for momentum continuation toward 7986.88 and 8404.8, while risk remains defined below 6837.6, making this setup suitable only for traders comfortable with volatility. From a swing (hybrid) standpoint, the same entry zone supports a broader mean-expansion framework over the next few sessions, where sustained participation can open upside potential toward 8927.2 and 10102.6, with structural invalidation placed near 6576.4. The STWP view remains constructively bullish, with the trend aligned upward, RSI at 60.52 reflecting healthy strength without exhaustion, and volume expansion (Vol X 2.01) confirming conviction behind the move. The learning takeaway from this setup is to prioritise structure, controlled risk per trade, and post-trade review over prediction, especially during high-momentum phases. Final outlook remains positive with strong momentum and an upward trend, while risk is elevated due to volatility, making disciplined execution and risk management critical as long as volume support sustains. ⚠️ STWP Educational & Legal Disclaimer This content is shared strictly for educational and informational purposes only. All discussions, illustrations, charts, price zones, and options structures are meant to explain market behaviour and do not constitute any buy, sell, or hold recommendation. STWP does not provide investment advice, trading calls, tips, or personalized financial guidance, and is not a SEBI-registered intermediary or research analyst. The analysis is based on publicly available market data and observed price–derivatives behaviour, which is dynamic in nature and may change without notice. Financial markets involve inherent risk, and derivatives carry elevated risk, including the potential for significant capital loss. Factors such as option premiums, implied volatility, open interest, delta, and other Greeks can shift rapidly and unpredictably. All trading and investment decisions, including position sizing and risk management, are solely the responsibility of the reader. Always consult a SEBI-registered investment advisor before taking any financial action. STWP, its associates, or affiliates shall not be liable for any direct or indirect loss arising from the use of this material. Past patterns, structures, or historical behaviour must never be treated as guarantees of future outcomes. Position Status: No active position in this instrument at the time of analysis Data Source: TradingView & NSE India 💬 Did this add value? 🔼 Boost to support structured learning ✍️ Share your views or questions in the comments 🔁 Forward to traders who value disciplined analysis 👉 Follow for clean, probability-driven STWP insights 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:APOLLOHOSPLong
by simpletradewithpatience
BTCUSDT Perpetual – Short Idea (FVG + Supply Rejection)BTC price faced rejection from a higher timeframe resistance zone and left a visible Fair Value Gap (FVG) above. Current structure shows consolidation below supply, increasing the probability of a downside continuation if the zone holds. Trade Plan 🔻 Short Entry Zone: 93,300 – 93,500 🛑 Stop Loss: 94,000 (above resistance) 🎯 Targets: • TP1: 92,400 • TP2: 90,500, Confluence HTF resistance rejection FVG acting as supply Weak follow-through after bounce Range low liquidity resting below 📌 Risk Management : Wait for confirmation on lower timeframe. Invalidation only above the marked supply. ⚠️ Not financial advice. Trade responsibly.
DELTAIN:BTCUSD.PShort
by ProfitPrism
[INTRADAY] #BANKNIFTY PE & CE Levels(07/01/2026)Bank Nifty is expected to open flat, continuing to trade within a well-defined consolidation range after recent volatility. The index is currently hovering near the 60,050–60,120 zone, which is acting as a short-term equilibrium area. As long as price holds above 60,050, the bias remains mildly positive, and a sustained move above 60,050–60,100 can trigger fresh upside momentum toward 60,250, 60,350, and 60,450+. On the downside, 59,950–60,000 remains a critical support zone; any decisive breakdown below this level may invite selling pressure, opening the path for 59,750, 59,650, and 59,550. Until a clear breakout or breakdown occurs, traders should expect range-bound movement, focus on level-based entries, and maintain strict risk management in intraday trades.
NSE:BANKNIFTY
by TradZoo
Political instability can gold rebound to the previous ATH?Political instability: Venezuela’s President Maduro arrested – Can gold rebound to the previous ATH? 1️⃣ Market Context The overall structure remains bullish. Price is undergoing a short-term correction after a strong volatile move. The 4300 area is acting as a key support zone. RSI shows buy–sell convergence; bulls are gradually absorbing bears, keeping downside pressure well controlled. 2️⃣ News & Fundamental Factors Geopolitical tension: Venezuela attacked by the U.S., President arrested and transferred to the U.S. Expectation of a gap and bullish move in gold in the upcoming session. Current news flow continues to support a positive outlook for gold. 3️⃣ Main Scenario Priority scenario: Price holds above 4300 and resumes the bullish structure. Key intraday levels to watch: Support: 4300–431X, 4270–4275 Resistance: 4370–4375, 4402–4404 Focus on shallow pullbacks in line with the main trend. 4️⃣ Trading Strategy (Intraday / Weekly) Trend-following remains the core approach, while being prepared for minor pullbacks to avoid missing moves. Closely monitor price reactions at: 4300: Nearest support, currently holding well. 437X: Potential intraday reaction zone. Always wait for price action confirmation, avoid entries in the middle of the range. 5️⃣ Extensions & Notes If 4300 breaks decisively: Deeper correction toward 427X, 425X Further extension to 417X, a zone worth watching for swing opportunities. Volatility remains high → risk management is the top priority. ✨ Wishing everyone a profitable new week.
FOREXCOM:XAUUSDLong
by Chum_trades
#NIFTY Intraday Support and Resistance Levels - 07/01/2026A flat opening is expected in Nifty 50, with the index continuing to trade within the same price structure seen in the previous session. The market is hovering around the 26,170–26,200 zone, which is acting as an immediate balance area where buyers and sellers are evenly placed. Since there are no major changes in yesterday’s key levels, the overall tone remains range-bound, and the index is waiting for a clear directional trigger. On the upside, a sustained move above 26,250 will be crucial to revive bullish momentum. If Nifty holds above this level, long positions can be considered with upside targets at 26,350, 26,400, and 26,450+. A clean breakout above this resistance may lead to follow-through buying and expansion of the current range. On the downside, failure to hold 26,200 can increase selling pressure. A decisive break below this level may open the downside toward 26,150, 26,100, and 26,000, where strong support is placed. Until the index breaks out of this range, traders should focus on range-based setups, avoid over-leveraging, and strictly follow risk management in intraday trades.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(06/01/2026)A flat opening is expected in Bank Nifty, with the index currently hovering around the 60,050–60,100 zone, which is acting as an important intraday balance area. Price action suggests that the market is in a consolidation phase after the recent sharp up-move, indicating temporary equilibrium between buyers and sellers. This zone will remain crucial for deciding the next directional move. On the upside, if Bank Nifty sustains above 60,050–60,100, fresh bullish momentum can emerge. Holding above this support can trigger long positions, with upside targets placed at 60,250, 60,350, and 60,450+. A breakout above 60,450 would further strengthen the bullish structure and may lead to extended gains toward higher levels. On the downside, if the index fails to hold 60,050 and slips below 59,950, selling pressure may increase. In such a case, short positions can be considered with downside targets at 59,750, 59,650, and 59,550-, where strong demand is expected. Until a clear breakout or breakdown occurs, traders should focus on level-based trades, keep strict stop losses, and avoid aggressive positions during consolidation.
NSE:BANKNIFTY
by TradZoo
CSBBANK : Momentum Breakout with Sector StrengthThis trade is a classic momentum breakout setup. The price had been consolidating in a range since August 2025 and has now broken out with strong volume, indicating fresh participation. The broader finance and banking sector is also showing strength, which adds further confluence to the trade. Additionally, recent sales and EPS growth have been encouraging, supporting the bullish bias from a fundamentals perspective. The only concern is that the price is currently extended from the 20 and 50 EMA, and there wasn’t a very clear basing structure before the breakout. However, considering the overall momentum and sectoral support, this can be managed by allowing some breathing room and using a slightly wider stop loss. Based on this setup, the trade has been initiated with a defined risk of 1%. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:CSBBANKLong
by Sniper-Traders
1
#NIFTY Intraday Support and Resistance Levels - 05/01/2026A gap-up opening near the 26,500 zone is expected in Nifty, indicating continuation of the recent bullish momentum. The index has moved strongly from lower levels and is currently holding above the 26,250 support, which keeps the short-term trend positive. As long as Nifty sustains above this level, buying interest is likely to remain intact. On the upside, a decisive hold above 26,550 will open the gates for further upside expansion. In this scenario, fresh long positions can be considered with upside targets placed around 26,650, 26,700, and 26,750+. Any minor dip toward the 26,250–26,300 zone may act as a healthy pullback and provide a buying opportunity, as this area is now turning into a strong demand zone. On the downside, if the index fails to sustain above 26,250 and slips below this support, short-term profit booking can be expected. A breakdown below 26,250 may drag Nifty toward 26,150, 26,100, and 26,000 levels. Until such a breakdown occurs, the overall bias remains buy-on-dips, with traders advised to trail stop losses and book partial profits at higher levels.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(05/01/2026)A gap-up opening is expected in Bank Nifty, with price opening near the 60,150–60,200 zone, indicating continuation of bullish momentum from the previous session. The index has successfully moved above the psychological 60,000 mark, which now acts as a strong short-term support. Overall structure remains positive, and as long as Bank Nifty holds above this base, the bias stays bullish. On the upside, a sustained move above 60,550 will be the key trigger for further upside expansion. Holding above this level can activate fresh buying, with upside targets placed at 60,750, 60,850, and 60,950+. Additionally, intraday pullbacks toward the 60,050–60,100 zone can be considered as buy-on-dip opportunities, targeting 60,250, 60,350, and 60,450+. On the downside, if the index fails to sustain above 60,000 and slips below 59,950, short-term profit booking may emerge. In such a case, selling positions can be considered with downside targets at 59,250, 59,150, and 59,050. Until a clear breakdown occurs, traders should continue to favor buy-on-dips and breakout-based trades, maintaining strict risk management and trailing stops to protect profits.
NSE:BANKNIFTY
by TradZoo
Canara Bank cmp 154.87 seen by the Monthly Chart view since listCanara Bank cmp 154.87 seen by the Monthly Chart view since listed - Support Zone 129 to 142 Price Band - Resistance Zone 155 to ATH 164.22 Price Band - Bullish Cup and Handle Breakout done above Support Zone - Stock Price ready for New ATH beyond current ATH 164.22 level - Double Bullish patterns of Rounding Bottom inclusive of Cup and Handle - Basis both Technical Chart patterns, the logical target price comes to +/- 300
NSE:CANBK
by PIYUSHCHAVDA
Sai Life Sciences cmp 921.70 by the Daily Chart view since listeSai Life Sciences cmp 921.70 by the Daily Chart view since listed - Support Zone 865 to 895 Price Band - Resistance Zone 923 to ATH 943 Price Band - Volumes are regularly spiking well above the average traded quantity - Darvas Bos Setup seems like repeated basis the current technical chart setup - Rising Price Channels are in good sync to each other at ending and fresh new start - Considerate Bullish Rounding Bottoms and/or Rising VCP pattern, as one may interpret - Darvas Box Setup : Stock trending within 845 to ATH 943 price band since ATH on 25-Aug-2025
NSE:SAILIFE
by PIYUSHCHAVDA
Weekly Analysis with buy/Sell scenarios in BTCAnother week and price is moved as expected in same range. No view change since last prediction. Refer previous details below… We analyzed three weeks back that BTC would be in range for some time before taking any further move, And BTC is following same analysis and trapped within a small range since then. BTC prediction of last week also worked perfectly well and market kept in consolidation mode itself. BTC is still in consolidation zone and may spend some more days. It may develop ABC pattern or reversal at identified daily FVG level, if price has to change its delivery and take turn from here. This zone is kind of make or break. If price is not able to sustain and breakdown, then it may witness ~65-70K levels as well. We hope for reversal from this level as price is developing the pattern at higher time frame. 1. Price has taken liquidity or 82K and almost touched 80K. 2. It has inversed 1Day FVG and now price is consolidating in the range between EMAs. 3. We may expect price retracement till 1D iFVG and then reversal. 4. Before to that we may see sweep of 92900 (1D CISD) level and then a retracement short trade till 1D FVG 5. Most probably price will take liquidity of FVG/RDRB level and create MSS/CISD/TS/iFVG in LTF. 6. Price should show rejection/reversal in respective LTF (5m/15m) at FVG zone. 7. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF All these combinations are signalling a high probability trade scenario. Note – if you liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas. Also Feel free to comment if you have any input to share. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions.
DELTAIN:BTCUSD.P
by HareeyMarketMantraah
1
Weekly Analysis with buy/Sell scenarios in Gold/XAUUSDAt weekly time frame Gold has shown sharp and strong reversal candle and closing below the low of previous week. This is signifying change in delivery to downside. Monday has created a strong downside side fall and remaining days went in consolidation mode. Consolidation has effect of year end as well. Price has created SIBI at daily time frame. So we can expect a pullback till SIBI and downfall till DOL (Draw on Liquidity). If price breaks new high, we can expect up move towards the levels of 4720 and 4900. We should keep eye on both the scenario. Critical notes. 1. Price may show some consolidation or direct pull back till daily SIBI. 2. If price retraced till SIBI and develop LTF entry model. This may be a good sell scenario. 3. If price breaks and sustains above SIBI and/or all-time high. We may witness further up move till the levels mentioned above. 4. Most probably price will take liquidity of FVG/RDRB level and create MSS/CISD/TS/iFVG in LTF. 5. Price should show rejection/reversal in respective LTF (1h/15m) at FVG zone. 6. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF All these combinations are signaling a high probability and ~8/10R trade scenario. Note – if you liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas. Also Feel free to comment if you have any input to share. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions.
OANDA:XAUUSD
by HareeyMarketMantraah
Weekly Analysis NiftyWeekly Analysis - Weekly & daily closed all time high. Delivery changed to bullish on higher time frame. Next delivery level on HTF is 26500. We may witness consolidation in some session and pullback till BISI then further up move if global supports.. Please do follow me if you liked the idea💡... Disclaimer ⚠️: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions ⚠️⚠️.
NSE:NIFTY
by HareeyMarketMantraah
ENTERO: Trendline Breakout From IPO Base, Chart of The WeekFrom IPO Euphoria to Reality Check: Is Entero Healthcare Finding Its Footing at ₹1,000? Last Week, it broke the Trendline after Taking Support on the IPO base. Let's Understand in "Chart of the Week" As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes 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. Price Action Analysis: Overall Trend Structure: The stock exhibits a classic post-IPO distribution pattern that has transitioned into a prolonged corrective phase. After listing at premium levels, Entero Healthcare established an all-time high of around ₹1,584 in the early trading sessions. Since then, the stock has been in a consistent downtrend, forming a descending channel pattern characterised by lower highs and lower lows. The current price action at ₹1,123 represents a potential inflexion point, with the stock attempting to reverse from its 52-week low of ₹944. This level has now been tested multiple times, suggesting it may be forming a demand zone. Base Formation and Consolidation Zones: A Critical IPO base zone around the ₹950-1,000 level represents the convergence of several technical factors: - Initial Public Offering pricing memory - Multiple tests of support over several weeks - High volume accumulation zone - Psychological round number support at ₹1,000 The stock spent considerable time between ₹1,100-1,300 during the mid-2025 period, forming what appears to be a distribution zone where early investors and IPO allocates likely exited positions. Trendline Analysis: A prominent downtrend line connects the series of lower highs from the peak at ₹1,584 down to current levels. This trendline has acted as dynamic resistance throughout the decline, with multiple failed breakout attempts. The angle of decline suggests aggressive selling pressure that has only recently started to moderate. The recent price action shows the stock attempting to break above this multi-week downtrend line, which, if successful on sustained volume, could signal a trend reversal. Current Price Structure: Recent candlestick patterns show increasing buying pressure: - Strong bullish candle with 17.95% gain, breaking above recent consolidation - Price attempting to reclaim the ₹1,100-1,200 zone - Reduction in selling pressure as evidenced by smaller-bodied bearish candles in recent sessions Volume Spread Analysis: Volume Profile: The volume bar chart at the bottom reveals several critical insights: Initial listing period showed extremely high volumes (approaching 3M shares), reflecting IPO excitement and allocation distribution. As the stock price declined, volume generally decreased, which is typical of a loss of interest and momentum. Recent sessions have shown a notable pickup in volume, particularly: - The current session is showing 2.17M shares traded - This represents the highest weekly volume since the post-IPO period - Volume spike coinciding with price bounce from the ₹944 low Volume-Price Correlation: The relationship between price and volume provides important context: - Downtrend was accompanied by declining volume, suggesting weak conviction in the selling - Recent bounce from ₹944 came with significant volume expansion, indicating institutional or informed buying - The volume surge at support levels suggests accumulation rather than distribution - Volume on up days is starting to exceed volume on down days, a positive divergence Volume at Key Levels: The IPO base around ₹1,000 has seen sustained high volume, creating a significant support zone. This volume cluster suggests that many participants have established positions at these levels and are likely to defend them. Key Support and Resistance: Major Support Levels: Primary Support: ₹944 - This represents the 52-week low and has been tested multiple times. A breakdown below this level would be technically significant and likely trigger stop losses. Secondary Support : ₹1,000 (IPO Base) - This psychological level and IPO reference point have provided support during multiple retests. Tertiary Support: ₹1,100 - This level has acted as both support and resistance during the consolidation phase and represents a minor demand zone. Major Resistance Levels: Immediate Resistance: ₹1,200 - This level represents the recent consolidation zone ceiling and the lower boundary of the prior distribution range. Primary Resistance: ₹1,300 - Strong resistance zone where the stock has repeatedly failed to sustain higher prices. This area coincides with multiple supply zones from earlier in the year. Major Resistance: ₹1,400 - The upper boundary of the post-IPO distribution range. Breaking above this would negate the bearish structure. Ultimate Resistance: ₹1,584 (All-Time High) - The peak was established shortly after IPO listing. A move to this level would represent a full recovery. Downtrend Line Resistance: The descending trendline connecting the highs currently intersects around the ₹1,150-1,200 zone. This dynamic resistance will need to be convincingly broken for the downtrend to be considered over. The current price action suggests this breakout may be in progress. Major Technical Patterns: Falling Wedge (Potential): In the most recent price action, there are early signs of a falling wedge pattern forming, characterised by converging trendlines as the stock makes lower lows with decreasing momentum. This is typically a bullish reversal pattern. Double Bottom (Forming): The chart shows a potential double bottom pattern with lows around ₹944 separated by several weeks. This pattern would be confirmed on a break above ₹1,200 with volume. Candlestick Patterns: Recent price action displays several notable candlestick formations: - Hammer candles at the ₹944 support level, indicating rejection of lower prices - Doji candles during consolidation phases, showing indecision - Today's strong bullish engulfing pattern suggests a momentum shift - Decreasing size of bearish candles in the downtrend, showing exhaustion Chart Pattern Implications: The combination of these patterns suggests: - Downtrend may be exhausting - Support at ₹944 is holding firm - Volume accumulation at lows indicates smart money positioning - Breaking the downtrend line could trigger technical buying - A confirmed reversal would target ₹1,300-1,400 initially Fundamental and Sectoral Backdrop: Company Overview: NSE:ENTERO operates as a leading healthcare products distributor in India, ranking among the top three in the sector. Founded in 2018 by promoter Prabhat Agrawal, the company has rapidly scaled its operations through both organic growth and strategic acquisitions. Business Model and Operations: Core Business: Distribution and marketing of pharmaceutical and surgical products, including generic formulations, surgical consumables, medical devices, nutraceuticals, biosimilars, and hospital consumables. Infrastructure: The company operates an extensive distribution network with 101 warehouses across 20 states, serving over 95,300 retail pharmacies and more than 3,600 hospitals. Growth Strategy: Aggressive expansion through acquisitions. In FY2025 alone, the company acquired stakes in seven distribution entities, including 80% stakes in Avenir Lifecare and Gourav Medical Agencies, and the full acquisition of Suprabhat Pharmaceuticals and Devi Pharma Wellness. Technology Edge: Utilises a proprietary technology platform for demand fulfilment and supply chain optimisation, positioning itself as a "Healthcare Supply Chain Solutions Specialist." Financial Performance: Revenue Growth: Demonstrated strong top-line growth with Q2 FY2025-26 showing 20.1% year-over-year growth and 11.8% quarter-on-quarter increase to ₹5,135 crores. Market Capitalization: Currently around ₹4,888 crores Profitability Journey: The company was loss-making from FY2021-2023 but turned profitable in FY2024. For the full year FY2025-2026, profit reached ₹107.43 crores, marking a significant turnaround. Institutional Interest: Recent institutional activity indicates growing confidence: ICICI Prudential Mutual Fund acquired approximately 21.82 lakh shares at ₹950 per share in December 2025, signalling institutional confidence at current levels. The acquisition was part of bulk deals, with a total transaction value of around ₹207.3 crores, showing significant institutional capital allocation. This institutional buying coincides with the technical support zone, suggesting smart money accumulation at perceived value levels. Sectoral Dynamics: India's Healthcare Distribution Opportunity: The Indian healthcare sector is experiencing transformative growth, valued at ₹31.87 lakh crores ($372 billion) in 2023 and projected to reach ₹54.67 lakh crores ($638 billion) by 2025, representing a 17.5-22.5% CAGR. Healthcare spending is increasing from 3.3% of GDP to an expected 5% by 2030, driven by government initiatives, insurance penetration, and rising middle-class healthcare consumption. Market Structure: The healthcare distribution sector in India remains highly fragmented, with consolidation opportunities. Entero's strategy of acquiring regional distributors aligns with this consolidation trend. Growth Drivers: - Expanding hospital infrastructure: Private hospitals adding 4,000+ beds with ₹11,500 crore investments in FY26 - Rising insurance penetration: Over 550 million Indians are now covered under health insurance schemes - Tier 2 and Tier 3 city expansion: 55-60% of new hospital beds coming from secondary cities - Ageing population: A Growing elderly demographic requiring chronic disease management - Medical tourism: Expected to reach $14.31 billion by 2029 Competitive Positioning: Strengths: - Pan-India presence with an extensive warehousing network - Authorised distributor for top pharmaceutical companies - Strategic relationships with leading corporate hospital chains - Technology-driven platform providing operational efficiency - Aggressive growth through acquisitions in a fragmented market Challenges: - Capital-intensive business model requiring continuous working capital - Thin margins are typical of distribution businesses - Integration risk from multiple acquisitions - Competition from established distributors and direct distribution by manufacturers Credit Rating and Financial Health: India Ratings affirmed Entero Healthcare's issuer rating at IND A-/Stable in December 2025, indicating adequate credit quality with a stable outlook. Working Capital Intensive: A Significant portion of IPO proceeds (₹600 crores) is allocated for long-term working capital requirements, highlighting the capital-intensive nature of the business. Strategic Outlook: The company is well-positioned to benefit from several macro trends: Healthcare Sector Consolidation: As the industry matures, organised distribution players like Entero will gain market share from fragmented local distributors. Digital Health Integration: The digital health market is expected to grow at a 24.4% CAGR from 2025-2030, and Entero's technology platform positions it to capitalise on this trend. Supply Chain Optimisation: Post-pandemic focus on resilient healthcare supply chains favours established distribution networks. Rural Penetration: Government push for rural healthcare infrastructure creates distribution opportunities beyond metros. Risk Factors: Business Risks: - High dependence on working capital financing - Potential for inventory obsolescence in pharmaceutical distribution - Regulatory changes in pharmaceutical pricing and distribution - Competition from direct-to-pharmacy models by manufacturers Financial Risks: - Debt levels from acquisition financing - Integration challenges from multiple acquisitions - Margin pressure in a competitive distribution landscape Key Metrics to Watch: - EBITDA margin improvement from operational leverage - Return on capital employed as brownfield expansions mature - Working capital efficiency and cash conversion cycle - Market share gains in key geographies My 2 Cents: Entero Healthcare is at a critical technical juncture, testing the boundaries of a months-long downtrend. The stock has established a strong support base around ₹944-1,000, coinciding with IPO pricing memories and significant institutional buying. Recent volume surge and price action suggest potential trend reversal, though confirmation requires a sustained break above ₹1,200. The technical setup presents a balanced risk-reward for traders willing to use tight stops below ₹944, with initial upside targets of ₹1,300-1,400 if the reversal confirms. From a fundamental perspective, Entero Healthcare operates in a structurally attractive sector with strong tailwinds. The company has demonstrated impressive revenue growth and recently achieved profitability. Its extensive distribution network and strategic acquisitions position it well for continued market share gains in a consolidating industry. However, investors should note the capital-intensive nature of the business, integration risks from rapid acquisitions, and the need for sustained margin improvement to justify valuations. The alignment of technical support with institutional buying at ₹950 levels and the strong sectoral backdrop creates an interesting setup. The stock appears to be transitioning from the IPO distribution phase to the potential accumulation phase. For position traders, the current levels offer an entry opportunity with defined risk below ₹944 and potential reward toward ₹1,300-1,400. The key catalysts to watch include: - Quarterly results demonstrating margin expansion - Successful integration of recent acquisitions - Sustained volume above ₹1,200 confirming trend reversal - Further institutional accumulation - Sector-wide tailwinds from healthcare spending growth The convergence of technical base formation, institutional interest, and strong sectoral dynamics creates a compelling narrative, though investors should remain mindful of execution risks and maintain appropriate position sizing with stop losses. Full Coverage on my Mid-Week Newsletter coming Wednesday. Keep in the Watchlist and DOYR. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational purposes 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.
NSE:ENTEROLong
by Karanshah137
10
CAMS Story Repeating?Hello Traders, CAMS has now formed similar chart pattern what it had form earlier on 1W Timeframe. Pattern 1: We saw a good retractment after rally in 2022. 0.38 was the fibo resistance in this time. It went in consolidation till Aug 2023, when it finally started showing upmove. During this time, we can also see that Money Flow Index had show breakout but didn't sustained. However, the rally was continued. Pattern 2: After making All Time High in late 2024, it retraced and went sideways. And had retraced back till 0.50 fibo level, stronger pull back than the earlier(Pattern 1) pull back which was 0.38. Later it went sideways just like Pattern 1. Now recently we have seen same MFI pattern of breakout and same like Pattern 1, i.e not sustaining, and not sustaining. We haven't seen the price wise breakout yet in the stock. However, there are two more common things here, the belt-hold candles formations in both the pattern 1 and 2. And the rise and decline in volume. I will be keeping close eye on this stock. Looks like it may show upmove just like pattern 1. Note: This post is for information purpose only. Don't consider this as trading or investment recommendation or tip.
NSE:CAMS
by AkshayAdak
Nifty spot 26328.55 by Daily Chart view - Weekly UpdateNifty spot 26328.55 by Daily Chart view - Weekly Update _*Nifty created a New Lifetime High Milestone 26340 on 02-Jan-2026*_ - Support Zone 25915 to 26185 for Nifty - Resistance only at ATH 26340 for Nifty and each New ATH - Volumes trending above avg traded quantity but with selling pressure - Bullish Rising W formed by the neckline at previous ATH and New ATH level - Hope to see further higher levels for the Nifty Index through the New Year 2026
NSE:NIFTY
by PIYUSHCHAVDA
Bank Nifty spot 60150.95 by Daily Chart view - Weekly UpdateBank Nifty spot 60150.95 by Daily Chart view - Weekly Update _*Bank Nifty created a New Lifetime High Milestone 60203.75 on 02-Jan-2026*_ - Support Zone 59450 to 59750 for Bank Nifty - Resistance only at ATH 60230.75 and each New ATH - Volumes trending well above the average traded quantity - Strong Bullish Bottom formed around 58650 to 58750 level - Bullish Rounding Bottom formed by previous ATH and New ATH - Hope to see further higher levels for Bank Nifty thru New Year 2026
NSE:BANKNIFTY
by PIYUSHCHAVDA
TATA Elxsi on 1W TFHello Traders, TATA Elxsi had taken support in April 2025 and bounced back from around 4800 levels. After that, it has been in Sideways to bearish trend and have agin tested support zone last month. There was strong pull back seen in the week of 15th Dec 2025. Also this week's closing is with Dragonfly canclestick with less volume. It seems this is and consolidation phase and it may get trendy after the breakout after closing above 5600 on weekly basis. Let's see how this stock moves further from current zone. Note: This post is for information purpose only. Please do not consider this as Trading or investment recommendation.
NSE:TATAELXSI
by AkshayAdak