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SUPRIYA - CUP & HANDLE PATTERN BREAKOUT ON DAILY CHARTThe chart of Supriya lifescience shows a Cup and Handle pattern, a bullish continuation pattern suggesting the stock is poised for further upward momentum. Here's a detailed analysis: Prior Uptrend: The stock has displayed a strong uptrend leading into the pattern, which is essential for validating the Cup and Handle formation. This indicates bullish sentiment. Cup Formation: The rounded cup spans approximately 9 weeks, representing a phase of consolidation where sellers lose momentum, and buyers gradually regain control. The curve shows a smooth decline and recovery, signaling accumulation by strong hands. Handle Formation: After the cup's peak, a short-term consolidation below the resistance level forms the handle. This handle allows weaker holders to exit, reducing overhead supply and preparing for a potential breakout. The handle appears relatively shallow, which is considered a bullish sign. Breakout: The breakout above the resistance line occurs with a noticeable spike in volume, confirming buying interest and signaling the beginning of a new upward trend. High volume during the breakout adds credibility to the pattern. Target Calculation: The projected upside is calculated by adding the depth of the cup to the breakout level. Key price targets post-breakout are ₹744, ₹807, ₹850, and ₹900, marking significant Fibonacci or psychological resistance levels. Volume Analysis: During the breakout, volume surged significantly, validating the breakout strength. Declining volume during the handle phase further supports the pattern's reliability. Risk Management: A stop-loss can be placed below the handle support, around ₹645–₹650, to manage risk in case of a failed breakout.
NSE:SUPRIYALong
by Profit_Trader25
PAR - Ready to Break All Time HighThe chart of PAR Drugs shows a strong accumulation phase followed by consistent base shifts, indicating a steady uptrend with strong support levels forming at higher price ranges. Key observations: Strong Base Formation: The stock established a solid support level early on, acting as the foundation for the uptrend. Base Shifts: Multiple higher bases were formed, showing sustained buying interest and bullish momentum. 10-Week EMA Support: The stock repeatedly tested and respected the 10-week EMA, confirming it as a dynamic support level. Bullish Candle with Volume: The latest bullish candle is supported by high volume, signaling strong buying interest and potential for further upside. Huge Volume Activity: The significant spike in volume during recent moves suggests institutional participation.
NSE:PARLong
by Profit_Trader25
DCAL - Strong Resistance Breakout on Daily ChartDCAL has broken out of the ₹200–₹212 resistance zone with strong bullish momentum. A gap-up breakout ("Run Away Gap Created") is accompanied by a significant increase in volume, signaling strong buyer interest. Higher Lows (HL): The chart shows consistent higher lows, indicating a strong uptrend and accumulation phase prior to the breakout. Stage 2 Breakout: The price has entered a new stage of momentum, with potential targets at higher resistance levels (₹240 and ₹254). Support Levels: Immediate support is at the breakout zone of ₹190–₹200. Stronger support lies at the upward trendline near ₹180. Trade Setup for Next Week: Entry Point: Ideal entry is ₹212–₹215, post breakout confirmation, ensuring the price sustains above the resistance zone. Targets: First Target: ₹240 (minor resistance area). Second Target: ₹254 (major resistance, "Stage 2 Breakout Level"). Stop-Loss: Place a stop-loss just below the breakout level at ₹190, as a breach would invalidate the breakout. Exit Plan: Short-term traders: Exit around ₹240. Medium-term traders: Hold for ₹254, using a trailing stop-loss to secure profits.
NSE:DCALLong
by Profit_Trader25
SASKEN - Base On Base BreakoutThe stock has formed a 126-week rounding bottom pattern, indicating a long-term bullish reversal. This classic pattern suggests a shift in sentiment from bearish to bullish. Breakout Confirmation: The breakout occurred above the major resistance level of ₹1,750, supported by a significant rise in volume, validating the bullish move. Post-Breakout Consolidation: After the breakout, the stock consolidated for 38 weeks, forming a base. This indicates accumulation and a healthy continuation of the uptrend. Support and Resistance: Support: The ₹1,750 level, which acted as resistance during the pattern, is now a strong support zone. Targets: Target 1: ₹2,202.90 Target 2: ₹2,352.95 Target 3: ₹2,575.90 Volume Analysis: The breakout was accompanied by a spike in volume, signaling institutional participation. Sustained volume is crucial for further upward movement. Trend Projection: The stock is likely to continue its upward trajectory, as shown in the chart’s projected path. Minor pullbacks may occur, but the overall trend remains bullish as long as support levels hold.
NSE:SASKENLong
by Profit_Trader25
KELLTONTEC - 2.5 year long Cup & Handle Pattern BreakoutHere's a technical analysis of the KELLTONTEC stock chart: Key Observations Cup and Handle Pattern: The chart shows a cup and handle formation, which is a bullish continuation pattern indicating the potential for an upward breakout. The "cup" forms after a rounded bottom, and the "handle" represents a minor consolidation before a breakout attempt. Major Resistance Area: There is a well-defined major resistance area that the stock previously tested. After breaking above this level, the stock is now consolidating, creating a strong base before possibly moving higher. 17-Week Small Base: The stock has been consolidating for 17 weeks, forming a small base just above the major resistance area. This base suggests that the stock is stabilizing, and this consolidation could provide support for a strong breakout. 128-Week Strong Base: The stock is building on a much larger 128-week base. This extended period of accumulation signifies that the stock has gained a significant foundation, increasing the probability of a sustained move if it breaks out. Volume Analysis: High volume during upward moves and low volume during pullbacks indicates healthy demand. The low volume during consolidation suggests that selling pressure is minimal, while high volume spikes during upward movements indicate buyer interest. Volume also picked up around the 20-week EMA, showing support from buyers near this level. Bounce from 20-Week EMA: The price has consistently bounced off the 20-week EMA, showing it as a strong support level. This reinforces the uptrend and indicates buying demand whenever the stock approaches this EMA. Trade Setup with Key Levels Entry Point: Breakout Entry: Enter above the high of the handle at around 160-165 for breakout confirmation. Targets: Target 1: 225 – Based on initial resistance. Target 2: 280 – A higher resistance level, achievable if the breakout gains momentum. Target 3: 373 – A longer-term target that aligns with the larger base breakout potential. Target 4: 450 – For a longer-term position, based on the depth of the cup and potential for an extended move.
NSE:KELLTONTECLong
by Profit_Trader25
SHREEPUSHK - Ready for BreakoutHere is my observation for this stock Double Bottom Pattern: The chart shows a double bottom formation, a bullish reversal pattern indicating a potential end to the downtrend. This pattern often signals a shift in momentum from sellers to buyers. Minor Resistance and Major Resistance Areas: The stock broke above a minor resistance level and is now consolidating near the major resistance area. This resistance area is acting as a supply zone where sellers are currently active, but it also indicates strong interest from buyers as the price consolidates here. Consolidation Near Major Resistance: The stock is consolidating just below the major resistance, which is often a bullish sign. This consolidation, shown in the highlighted region, indicates that the stock is absorbing selling pressure and gathering momentum for a potential breakout. Volume Dry-Up During Consolidation: There is a noticeable drop in volume during the consolidation phase near resistance, a phenomenon known as a "volume dry-up." This suggests that sellers are losing interest or running out of shares to sell, increasing the chance of a breakout when demand picks up. Rising Moving Averages: The shorter-term moving averages are rising, indicating positive momentum. The alignment of moving averages supports a continuation of the uptrend, especially if the stock breaks out above the major resistance. Trade Setup with Key Levels Breakout Entry: A conservative entry would be above the major resistance area around 270-275 to confirm the breakout. Targets: Target 1: 310 – A short-term target after the breakout, based on nearby resistance. Target 2: 340 – A medium-term target if momentum continues and buyers remain strong. Target 3: 380 – For a long-term position, depending on how the trend progresses. Stop-Loss: Place a stop-loss below the consolidation range or the minor resistance level, around 240, to protect against a false breakout.
NSE:SHREEPUSHKLong
by Profit_Trader25
STEELCAS - Strong Base Breakout on Weekly ChartThe stock was in a long, 52-week consolidation phase before breaking out. 9-Week Small Base Formation: Before the breakout, the stock formed a 9-week "small base" near the top of the consolidation range. This pattern shows a tightening of price action, where volatility decreases and the stock consolidates in a smaller range. This formation often acts as a springboard, where price gathers momentum to break out above resistance. The small base also suggests reduced selling pressure and growing buying interest. 2x Average Volume on Daily Chart: The daily chart shows an increased volume on last day, with trading volume reaching twice the average on the day of the breakout. High volume on breakout days confirms that institutional buyers are likely entering, adding strength to the breakout move. Rising EMAs Indicating Strength: The rising Exponential Moving Averages (EMAs) confirm the underlying bullish trend. The shorter-term 20-week EMA, in particular, is sloping upwards, suggesting ongoing strength and upward momentum. Trade Setup with Key Levels Entry Point: The ideal entry would be near the breakout level of 830-850, confirming the breakout above resistance with strong volume. Targets: Target 1: 910 – A reasonable target near the next resistance. Target 2: 1,020 – Provides further gains if the bullish trend continues. Target 3: 1,150 – For a long-term position if momentum sustains. Stop-Loss: Set a stop-loss around 735, below the consolidation range, to manage risk in case of a false breakout.
NSE:STEELCASLong
by Profit_Trader25
BSL - VCP pattern Breakout on Weekly ChartBSL Ltd has given a breakout of Volatility Contraction Pattern (VCP), a bullish setup. Key points in this VCP: 3T VCP Formation: 1st Contraction: 38.7% 2nd Contraction: 31% 3rd Contraction: 15.86% These diminishing contractions indicate reduced volatility and a tightening range, suggesting that selling pressure is decreasing. Breakout: The price has broken above the consolidation area and resistance line, signaling a potential entry point for a bullish move. This breakout, coupled with high volume, adds strength to the bullish signal. Volume and Moving Averages: Noticeable volume increases during breakouts from each contraction, supporting the strength of the move. The price is above key moving averages, confirming the uptrend. Overall, this VCP and breakout pattern suggests a strong bullish setup with potential for upward momentum.
NSE:BSLLong
by Profit_Trader25
3
MATRIMONY - Ready for BreakoutMATRIMONY - Matrimony.com Ltd shows a promising technical setup with signs of a potential bullish move, given certain conditions are met. Here’s a detailed analysis: 103-Week Downtrend and Consolidation: The chart indicates a prolonged downtrend lasting about 103 weeks, followed by a consolidation phase of similar length. This long consolidation after a downtrend typically signifies accumulation, where sellers lose strength and buyers start gaining control. Double Bottom Pattern: A double bottom has formed, which is a bullish reversal pattern. This suggests that buyers are stepping in at a certain support level, preventing the price from declining further. Stage 2 Breakout: The stock has successfully broken out of its Stage 2 area, indicating a transition into an uptrend. This is typically a strong sign that the stock is moving from consolidation to growth. Small Base Formation and Support: After the breakout, the stock formed a small base above the support level, showing stability and giving further confidence in the continuation of the uptrend. This base acts as a springboard for further upward movement. 20-Week and 40-Week Moving Average Crossover: The chart shows a bullish crossover where the 20-week moving average crosses above the 40-week moving average, confirming the beginning of a potential uptrend. This crossover often acts as a strong buy signal. Volume Analysis: Volume appears to have increased significantly on breakout days, suggesting that institutional buyers are likely entering the stock, which further supports the bullish scenario. Targets: If the stock sustains above the small base and support levels, it may reach the following targets: Target 1: ₹990 Target 2: ₹1,041 Target 3: ₹1,200 Conclusion The technical setup of Matrimony.com Ltd. is showing bullish signals, with a double bottom pattern, Stage 2 breakout, moving average crossover, and high volume support. The stock appears ready for an uptrend if it holds above its current support level. A break above the small base would provide confirmation, and it may reach the projected targets in the coming weeks.
NSE:MATRIMONYLong
by Profit_Trader25
PEL - Ready For Stage 2 Breakout on Weekly ChartPiramal Enterprises Ltd shows bullish technical patterns that indicate a potential upward movement if certain breakout conditions are met. Here’s a detailed technical analysis: Long-Term Downtrend: The stock was in a prolonged three-year downtrend, followed by a 2.5-year consolidation range, indicating that the stock was in a base-building phase after a significant decline. This consolidation suggests that sellers have been exhausted, and the stock may be preparing for a reversal. Cup and Handle Pattern: The chart forms a classic cup and handle pattern, a reliable bullish continuation pattern. The "cup" spans approximately 53 weeks, and a handle has recently formed. This pattern indicates potential for an upward breakout if the stock closes above the handle’s resistance. Stage 2 Breakout Area: A strong horizontal resistance line marks the breakout area for Stage 2. This is the critical level the stock needs to break above to confirm the cup and handle pattern, signaling the beginning of an uptrend. Higher Low Base: During the formation of the cup, the stock established a higher low base, showing strengthening buyer interest and reducing downward pressure. This higher low base reinforces the bullish setup, as it signifies accumulation. Volume: Volume appears to be rising as the stock approaches the breakout area, a positive indicator that there’s growing interest and that the breakout could be strong. Targets: If the stock breaks above the handle resistance, it could achieve the following projected targets: Target 1: ₹1,270 Target 2: ₹1,400 Target 3: ₹1,500 Entry Point: The recommended entry point is above the handle breakout, as this would confirm the cup and handle pattern, providing a strong bullish signal. Conclusion The chart of Piramal Enterprises Ltd indicates a potential bullish reversal after a prolonged downtrend and consolidation phase. A successful breakout above the handle would confirm the cup and handle pattern, leading to potential gains toward the outlined targets. Rising volume and a stable higher low base support this bullish outlook.
NSE:PELLong
by Profit_Trader25
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart. Here’s a technical analysis: Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend. Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout. Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets. Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength. Targets: The projected targets are based on the cup and handle breakout measurement: Target 1: ₹500 Target 2: ₹560 Target 3: ₹600 RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement. Conclusion The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
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NSE:BOROLTDLong
by Profit_Trader25
3
Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal. Here’s a technical analysis: Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal. Resistance Levels: The stock has broken out above key resistance levels drawn at around ₹1,760–₹1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest. Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move. Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around ₹2,100. Stop Loss: A suggested stop-loss level is placed just below the handle’s low (around ₹1600) to manage risk in case of a pullback. Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
NSE:HDFCBANKLong
by Profit_Trader25
PARADEEP - Range Breakout PARADEEP - Range Breakout 4-Month Range: The stock was trading within a clear range for approximately 4 months, between ₹76 (support) and ₹95 (major resistance). During this period, the price was consolidating, indicating indecision or accumulation by market participants. The price tested both the upper and lower boundaries of the range several times, but never made a decisive breakout until recently. Minor Resistance: There was a minor resistance around ₹88, which the price had difficulty breaching during the consolidation phase. This level also acted as a support level during the later stages of the range-bound movement, holding up the price when tested. Major Resistance and Breakout: The stock encountered major resistance around ₹95 multiple times but was unable to break through decisively until recently. After consolidating for a while near this level, the price finally broke out above ₹95, signaling a shift in momentum from consolidation to a potential new uptrend. The breakout was accompanied by increased volume, which adds further validity to the breakout, as higher volume confirms stronger market participation. Post-Breakout Action: The price spent some time just below the major resistance (around ₹92) before the final breakout, indicating the market was gaining strength. After the breakout, the price has shown a strong move, confirming a successful breakout and marking the start of a potential bullish run. Targets: Target 1: ₹100 – This is a psychological resistance level where traders might start booking some profits. Target 2: ₹107 – A higher resistance level based on prior price action, suggesting the next potential price target if the stock continues its upward trajectory. Stop Loss: Stop Loss: ₹88 – Placing the stop loss just below the minor resistance/support level is a conservative way to manage risk. If the price drops below ₹88, it might signal that the breakout is failing, and the stock could return to the consolidation zone. Volume and Momentum: The breakout is supported by an increase in volume, as seen by the volume bars rising during the breakout, which confirms strong buying interest. The RSI (Relative Strength Index) is currently at 64, which indicates that the stock is in a bullish zone but not yet overbought, giving further room for upward movement before it faces any potential selling pressure.
NSE:PARADEEPLong
by Profit_Trader25
HUHTAMAKI - Multiyear breakout RetestHuhtamaki India Ltd recently broke a long-term resistance level around ₹360, followed by a consolidation phase just below ₹450. The stock found strong support near ₹360- ₹370 before bouncing back and entering a sideways consolidation pattern. There is a visible increase in rising volume, indicating a buildup of buying interest. A potential breakout above the ₹406 mark could lead to further upside. The next target could be around ₹450-460, while the stop loss should be set around ₹385 to manage risk effectively during the ongoing consolidation.
NSE:HUHTAMAKILong
by Profit_Trader25
KIRLPNU - Horizontal Range BreakoutKIRLPNU - Horizontal Range Breakout Rally and Consolidation: The stock initially had a significant uptrend (seen in April-May), followed by a sideways correction with lower highs and higher lows. This consolidation took the form of a descending channel (marked by red arrows at the highs and green arrows at the lows), which lasted for about four months from June to early October. Support and Resistance: The stock consistently tested the support zone near ₹1,230-1,250 (green arrows). It also faced resistance near ₹1,400-1,450 (red arrows) multiple times during this period. Breakout: Recently, the stock has given a breakout above the channel resistance (black trendline) with a sharp spike in volume (seen near the end of the chart). This breakout signals a potential new uptrend. Volume Confirmation: The breakout is supported by a noticeable increase in trading volume, indicating strong buying interest. Targets and Stop Loss: Target 1: ₹1,500 (immediate resistance from previous highs) Target 2: ₹1,600-1,650 (next resistance levels based on prior rally) Stop Loss: ₹1,290 (below recent support and moving averages)
NSE:KIRLPNULong
by Profit_Trader25
MUNJALAU- ATH Breakout and RetestMunjal Auto Ind Technical Analysis: All-Time High Rejection: The price initially faced resistance near the all-time high level, resulting in a rejection and pullback. Consolidation Before Breakout: The price consolidated for a significant period, indicating accumulation and forming a base before breaking out. Breakout with Massive Volume: There was a strong breakout above the previous resistance level, confirmed by a surge in volume. This indicates a high probability of continuation to the upside. Breakout Retest: After the breakout, the price has pulled back to retest the breakout level. Such retests are common and provide an opportunity to enter if the price shows strength. Bullish Candle at Breakout Level: The presence of a bullish candle at the retest level suggests that buyers are stepping in to support the price, making this a potentially strong entry point. Entry, Target, and Stop Loss Levels: Entry Level: The ideal entry is at the current price level, around ₹124. If the price confirms a bullish reversal pattern, you can consider entering above ₹125 for additional confirmation. Target Levels: Target 1: ₹138 (Short-term resistance level). Target 2: ₹150 (Next potential resistance if the price continues to trend higher). Stop Loss: Place a stop loss below the recent low or below the breakout level. Suggested stop loss range: ₹112 - ₹115, to protect against downside risk in case of a failed retest.
NSE:MUNJALAULong
by Profit_Trader25
NURECA - Swing Trade Setup FormedNureca Ltd displays a bullish stair-step pattern with multiple consolidations followed by breakouts. Each consolidation is marked by a decrease in volume, indicating reduced selling pressure, and is followed by a sharp price surge of 15-17% on increased volume. Key Points: Consolidation & Breakout: The chart highlights three distinct consolidation phases, each followed by a breakout with strong bullish momentum. Volume Analysis: During consolidation, volume decreases, suggesting that sellers are losing strength. Volume spikes on breakout days validate the upward movement, indicating strong buying interest. Entry & Stop-Loss: Entry: Above ₹374 Stop-Loss: Below the support zone of the consolidation, at around ₹357-₹358. Target: The immediate target is set at ₹400, representing a potential 15% gain from the entry level.
NSE:NURECALong
by Profit_Trader25
CHAMBLFERT - Ready for Channel Breakout* Chambal Fertilizers Ltd is a part of the agrochemical sector, primarily engaged in the production and distribution of fertilizers. It is a significant player in the Indian agricultural market, providing various types of fertilizers like Urea and other crop nutrients to support the farming community. *The chart shows a consolidation pattern forming a rectangle or a channel, with the following key observations: 1. Consolidation Zone: The price has been moving sideways within a rectangular pattern, as marked by the points (1 to 6). This range has acted as both resistance and support multiple times. 2. Breakout Indication: The stock price has recently shown a breakout on the upside with momentum candles, indicating a bullish trend continuation. The rising volume supports the breakout. *Entry: A good entry point would be on a retest of the breakout zone near ₹520–₹540. *Target 1: Around ₹615 *Target 2: Around ₹675 *Extended Target: ₹750(if the momentum continues strongly) *Stop-Loss Levels: ₹480
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NSE:CHAMBLFERTLong
by Profit_Trader25
4
JAIBALAJI - VCP Chart Pattern FormationThe stock is forming a VCP pattern, which is a bullish continuation indicator suggesting potential upside. There is also a significant increase in volume during the handle formation, confirming buying interest. CMP - 1152 Entry: Above ₹1,175 (breakout level). Target 1: ₹1,300 Target 2: ₹1,400 Target 3: ₹1,535 Stop-Loss: ₹1,065 Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:JAIBALAJILong
by Profit_Trader25