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Bajaj Finserv Cup & Handle at Play! Will It Break Out?📌 Setup Overview: Stock in a 4-year trading range 📊 and currently trading just below this range. Cup and Handle formation ☕ along with a potential VCP setup (Volatility Contraction Pattern). No left-side resistance—unlike stocks that fell 40-50%, there are fewer trapped buyers here. Volume gradually increasing 📈, a necessary condition for a strong breakout. Finance sector showing strength 💰—index is trading above key DMAs and broke out of a base first. Stock is trading above key DMAs, adding technical confluence. 🎯 Trade Plan: ✅ Entry: Above ₹1,941 🔼 ✅ Immediate Resistance: ₹2,035 (Watch Price Action at this level) ✅ Stop-Loss (SL - Closing Basis): ₹1,547.80 (20.29% below entry) ✅ Target (Tentative Positional): ₹2,510.30 🎯 📌 Risk-to-Reward (R:R) & Percentages: SL Percentage: ~20.29% Target Percentage (from ₹1,941): ~29.34% R:R Ratio: 1:1.44 ⚠️ Key Risks & Considerations: 1️⃣ Immediate Resistance at ₹2,035 – Monitor price action here. If rejected, wait for a re-entry after confirmation. 2️⃣ Deep Stop-Loss (~20%) – Adjust position sizing accordingly. Do not go all-in at once. 3️⃣ Market Structure: If broader markets remain weak, reassess if Bajaj Finserv is showing relative strength or struggling. 📌 Final Thoughts: Wait for breakout confirmation above ₹1,941 with volume. 🚀 Monitor PA at ₹2,035—strong close above this strengthens the setup. Stick to SL discipline and trail as stock moves higher. 📢 Disclaimer: This is for educational purposes only. Not financial advice. Always manage risk and do your own research before making any trades. 🚀 Trade smart & stay disciplined!
NSE:BAJAJFINSVLong
by sagartharayil
ADANI PORTS & SEZ LTD – Rectangle PatternADANI PORTS & SEZ LTD – Technical Chart Analysis (As of April 16, 2025) 1. Pattern Structure and Breakout Observation Adani Ports has formed a Rectangle Pattern over the last 4 months, consolidating between the ₹1200 resistance zone and the ₹1050 support zone. This pattern reflects a period of indecision and accumulation, typically resolved by a directional breakout. - The stock has successfully broken out above the key horizontal resistance near ₹1200 on increased volume. - This breakout indicates that the supply zone has been absorbed, and fresh demand is stepping in. - The width of the rectangle (~₹150) gives us a projected target for the breakout, which places the next major upside zone around ₹1350. This is a valid and tradable breakout, given the timeframe and price behavior. 2. Volume Analysis Volume is confirming the strength of this breakout: - On the breakout day, volume spiked sharply, which indicates strong institutional or smart money participation. - Throughout the consolidation phase, volume remained controlled, suggesting accumulation rather than distribution. - The volume thrust on breakout is a classical sign of pattern validation and buying strength. Such volume behavior improves the reliability of the breakout and indicates potential for follow-through. 3. Candlestick Analysis Candlesticks provide additional confirmation: - The breakout candle is a bullish marubozu with little to no upper or lower wick, showing strong conviction and sustained demand throughout the trading day. - Prior to breakout, we also saw a series of higher lows forming, which hinted at increasing buying pressure. - No major rejection candles are visible at the breakout level, further strengthening the bullish case. This candlestick structure reflects strong control by buyers at key resistance levels. 4. Key Trading Levels - Breakout Level (Resistance Turned Support): ₹1200 - Support Zone: ₹1050 – This has held firm multiple times during the rectangle formation. - Target 1: ₹1320 (Conservative target based on mid-pattern projection) - Target 2: ₹1350–₹1360 (Full range breakout projection) - Stop Loss: Below ₹1165 – recent swing low inside the pattern These levels offer key zones for trade management and re-entry upon pullbacks. 5. Trade Setup and Strategy The breakout is suited for swing and positional traders looking to capture medium-term moves. - Entry Point: Above ₹1200–₹1210 zone. (Early breakout entries may already be filled, but pullbacks to ₹1210–₹1220 are still valid.) - Stop Loss: Below ₹1165 to protect against false breakout and whipsaw. - Target Zones: ₹1320 and ₹1350 as discussed. - Risk-Reward Ratio: Currently stands close to 1:2.5, offering a well-aligned trade setup. Traders can consider adding on dips toward the breakout zone with a tight stop. 6. Final Summary Adani Ports has broken out of a 4-month Rectangle Pattern at ₹1200 with strong volume and momentum. This breakout marks the end of a consolidation phase and the beginning of a potential trend continuation or fresh upside leg. The structure, supported by volume and bullish candlestick behavior, makes this a technically valid breakout. As long as the price holds above ₹1200, the sentiment remains bullish with scope toward ₹1320–₹1350.
NSE:ADANIPORTSLong
by Mr_Chartist_
2
NACL Industries - Range Breakout Trade Setup🔥 NACL Industries - Range Breakout Trade Setup 🚀 📍 Breakout Level: ₹116 📍 Current Market Price (CMP): ₹121 📍 Stop Loss (SL): ₹96.5 (📉 Closing basis) 📍 Target 1 (T1): ₹166 🎯 📍 Target 2 (T2) (Positional): ₹255 🎯🎯 🔍 Why This Trade? ✅ Range Breakout 📈: Stock has broken out of a 3-year-old consolidation range! ✅ Big Money Inflow 💰: Breakout supported by high volume, indicating institutional buying. ✅ Bullish Pattern 📊: Formation of 3 White Soldiers on March 25 in DTF– a strong bullish signal! 🚀 ✅ Sector Strength 🌱: Agrochemical sector is gaining momentum, boosting the stock. ✅ Price Action 🏆: Stock consolidated at all-time high levels before breaking out. ✅ Technical Strength 🛠️: Trading above key moving averages – momentum is on our side! ✅ No Overhead Resistance 🚧: No major hurdles ahead, potential smooth uptrend! 📊 Risk-Reward Calculation 🔹 Risk (SL at ₹96.5): ₹121 - ₹96.5 = ₹24.5 🔹 Reward 1 (T1 at ₹166): ₹166 - ₹121 = ₹45 🎯 🔹 Reward 2 (T2 at ₹255): ₹255 - ₹121 = ₹134 🎯🎯 🎯 Target 📏 Risk: Reward Ratio T1 (₹166) 1:1.8 T2 (₹255) 1:5.4 📌 Trade Plan 👨‍💻 For Conservative Traders: 🔹 Entry: Small quantity at CMP (₹121) and add on successful retest of ₹116. 🔹 SL: ₹96.5 (Closing basis). 🔹 Target 1: ₹166 (Partial profit booking 📈). 🔹 Target 2: ₹255 (Hold for positional gain 🏆). ⚡ For Aggressive Traders: 🔹 Entry: Full deployment at CMP (₹121) if risk is well managed. 🔹 SL: ₹96.5 (Closing basis). 🔹 Exit Strategy: Trailing SL or partial booking at T1 (₹166), hold for T2 (₹255) 🚀. ⚠️ Key Risks to Consider 🔴 Fundamental Weakness: Poor ROCE (-0.04%) and ROE (-10.8%) → Purely technical trade! 🔴 Market Condition: 📉 Nifty still below 200 DMA, caution required! 🔴 Macroeconomic Factors: 🌍 Global uncertainties (e.g., Trump tariffs) may impact sentiment. 🚨 Final Note 📌 This is a high-risk, high-reward trade. Strict SL adherence is crucial! 🚨 💡 If you’re not comfortable with deep SLs, stay on the sidelines or enter lightly. 📈 Market remains uncertain—trade cautiously & manage risk wisely! 🛑 💬 What’s your take on this trade? Drop your thoughts below! ⬇️ 🔹 Disclaimer: This is NOT financial advice. Do your own research before making any trade decisions. 📊
NSE:NACLINDLong
by sagartharayil
ANUP - Smart Money Inflow NSE:ANUP ANUP Day Chart logic - Earlier it was in a correction mode with major market but comparatively it has fallen very less to the major indexes and also maintained its major uptrend so we can say that it have not attracted heavy sellers during fall. Then it went into a consolidation and formed a horizontal resistance zone. Recently it have broken out with good volume and also formed a retest of 5EMA on low volume showing low selling. Now What? To qualify this Setup We need a few more days of range forming a base below - 3410 level and as per setup no big red volume on the pullback bars Where and when is the entry - As you can see on the chart entry upon break out of base and make sure volume should be high. (Note - if the volume is very low or below the 20-day average in the previous candle it's a good sign that sellers have gone.) Stop - can be taken below base levels Targets - will be 10%-20% or any subsequent channel resistance area. Follow the rules to find perfect qualifying stocks and add them to the watchlist and observe then build a base for a few days to get familiar with the stock's behaviour. Keep learning, Happy Trading.
NSE:ANUPLong
by SANJAYPATIDAR_
Welspun Corp Ltd - Breakout Trade Setup📌 Trade Plan 📈 Entry: Above ₹892 📉 Stop Loss (SL): ₹758 (Closing Basis) (Risk: ~15% from entry) 🔄 Retest Level to Watch: ₹844 (Wait for a retest for further addition) 📍 CMP: ₹872 📌 Why This Setup is Interesting? ✅ Strong Uptrend – Higher High (HH) & Higher Low (HL) structure intact ✅ Resilient Stock – Minimal decline during market corrections ✅ Base Breakout – Consolidated for 7 months, now breaking out ✅ No Overhead Resistance – Trading in open space with no historical supply ✅ Above Key DMAs – Trading above critical moving averages ✅ Channel Structure – Stock is inside a rising channel; 📌 Channel top might act as resistance ✅ Breakout Volume – Today’s volume confirms strength 📌 Market Context & Risks ⚠️ ⚠️ Nifty & Overall Market just closed above the 50 DMA but is still weak. Wait for 200 DMA reclaim for confirmation. ⚠️ Breakouts are risky in a fragile market. FOMO can be costly—trade with patience. ⚠️ Position Sizing is Key! – Do not go all in; start small and scale gradually. If the market corrects and the stock remains strong, add later. 📌 Fundamental Snapshot 📊 Market Cap: ₹22,865 Cr Stock P/E: 15.4 Book Value: ₹230 Dividend Yield: 0.61% ROCE: 20.2% ROE: 19.8% Face Value: ₹5 📈 Pros: ✔️ Reduced Debt ✔️ Healthy Dividend Payout (34.9%) ✔️ Improving Sales YoY ⚠️ Cons: ❌ Stock trades at 3.51x Book Value ❌ Low ROE (11.5%) over the last 3 years ❌ Earnings include ₹873 Cr of other income 🛑 Disclaimer: This is not financial advice. Risk management is crucial – ensure proper position sizing & stop-loss discipline. The market is still fragile, and breakouts can fail. Always do your own research before taking any trade. 🚀
NSE:WELCORPLong
by sagartharayil
India Shelter Finance (NSE:INDIASHLTR) - Early Breakout Alert📌 Trade Setup: Entry: Above ₹811 (Preferably wait for a daily close above this level). Stop Loss: ₹699 (Closing basis). Target: ₹1,050+ (Positional). Risk-Reward Ratio (R:R): ~2.0+ (Depending on entry confirmation). 📊 Technical Overview: ✅ The stock has been consolidating in a base and is attempting a breakout today. ✅ The candle structure looks strong and wide, indicating momentum. ✅ RSI is in a good zone, signaling strength. ✅ Trading above 200 DMA and 50 DMA, indicating bullish structure. ✅ The finance sector is showing early signs of recovery. 💡 Volume is key! While there's a slight improvement, we need stronger volume confirmation for conviction. 📈 Key Fundamentals: Metric Value Market Cap ₹8,770 Cr. Current Price ₹813 Stock P/E 25.3 Book Value ₹231 Dividend Yield 0.00% ROCE (Return on Capital Employed) 12.2% ROE (Return on Equity) 14.0% Face Value ₹5.00 💡 Fundamental View: The stock is trading at a P/E of 25.3, which is reasonable for a growing financial company. ROE of 14% and ROCE of 12.2% indicate decent profitability. No dividend yield as the company is focused on growth. ⚠️ Risk Considerations: 🚨 This is a counter-trend trade! The broader market is still uncertain, so we are taking a test position, NOT an aggressive bet. 🚨 This is NOT a guaranteed move up. The trade idea is to alert about a potential mover once the dust settles. 🚨 Risk management is crucial. Do NOT go all-in, thinking the market has found a bottom. Another round of fall is still possible. 📌 Trade Plan: Buy in small quantities above ₹811 and wait for follow-through confirmation or a potential retest. If the breakout sustains, consider adding more positions gradually. If the stock closes below ₹699, exit. 📌 Do your due diligence! This is an early-stage breakout attempt, and risk-reward should be managed carefully. 🚦 📢 Disclaimer: This analysis is for educational purposes only and NOT financial advice. Stock markets are subject to risks, and past performance does not guarantee future results. Do your own research before making any investment decisions. 🚨
NSE:INDIASHLTRLong
by sagartharayil
Bharti Airtel-Will it breakout and sustain?📊 Bharti Airtel Chart Analysis – Bharti Airtel is trading in an upward channel but recently fell out of it and started forming a base. The stock is at a critical juncture, currently near its 50 DMA, with volume building up. This suggests the potential for a breakout or breakdown, depending on broader market conditions and price action. 🎯 Trading Plan: 📌 EarlyEntry Zone: ₹1,710.50 (small quantities recommended initially). 📌 Stop Loss (SL): ₹1,501.90 (closing basis) – ~12.2% below the entry. 📌 Prtial booking/Fresh Entry: ₹1,777.30 (~3.9% gain from entry). 📌 Positional Target): ₹2,104.40 (~23% gain from entry). 📌 Risk-to-Reward (R:R): 1:1.8 (approx.). ✨ Why This Setup? 📈 Trend Potential: Stock is trading above key DMAs (50, 200) despite the broader bearish market, highlighting its relative strength. 🏛️ Volume Support: Gradual volume accumulation near the 50 DMA indicates potential institutional interest. 📉 Downside Risks: The stock is against the overall bearish trend, increasing the chances of breakout failures in these market conditions. 🛡️ Risk Management: Entering in small quantities reduces risk, especially when the broader market is trending Lower High, Lower Low (LH LL). ⚠️ Risks to Consider: Market Trend: The broader market remains bearish, with weak sentiment and no structural change yet. Breakout Failure: Many breakouts in current conditions tend to retrace 10-20% brutally, shaking out weak hands. 💡 Tips for Trading This Setup: Partial Profits: Once the entry is triggered, consider booking partial profits along the way. Trailing SL: Use a trailing stop loss to lock in gains if the stock starts moving in your favor. Position Sizing: Keep position sizes small to manage risks effectively. Wait for Confirmation: Safe players should wait for the broader market to stabilize above 50 and 200 DMA and structure to shift to Higher High, Higher Low (HH HL). 📝 Educational Takeaway: Stocks like Bharti Airtel, which are among the least affected in a bearish market, can outperform once the market stabilizes. However, in current conditions, the probability of breakout failures is high, so it’s essential to follow risk management and avoid aggressive positions. 🚀 Stay Disciplined and Trade Smart! 📢 Disclaimer: This analysis is for educational purposes only and does not constitute financial or investment advice. Please conduct your own research and consult a certified financial advisor before making any trading decisions. Trading and investing involve risks, and past performance is not indicative of future results.
NSE:BHARTIARTLLong
by sagartharayil
Senores Pharmaceuticals IPO Base BreakouAnalysis: Senores Pharmaceuticals Structure: IPO Base Breakout 🌟 Entry: Above ₹610 (preferably on a closing basis) Stop Loss (SL): ₹499 (Closing Basis) ❗ SL Percentage: -18.20% 📉 Target Levels: T1: ₹849 (+39.18%) 🎯 Risk-to-Reward (R:R): 1:2.15 ⚖️ Technical Highlights: 📌 Volume Surge: Today's volume is 2x-3x higher than previous sessions, indicating strong interest. 📌 Price Action: Candle traded right at the All-Time High (ATH) but didn’t close above it. Pharma sector is holding up despite the broader market correction. 📌 Market Condition: Risky Setup: Trading against the trend as Nifty remains below 200 DMA and 50 DMA. Overall market structure is still weak, increasing the probability of a big fall. Key Strategy: ⚡ Buy Small Quantity: At breakout levels; wait for a potential retest to add more. ⚡ Position Sizing is Key: Due to the deep SL, risk management is crucial. ⚡ Discipline Required: Avoid emotional trading in such setups. Risks: 1️⃣ Nifty Weakness: Broader market correction can weigh on individual stocks. 2️⃣ Trend Reversal: Pharma sector performance is not guaranteed to sustain in this correction. 💬 Trade Safe and Stay Disciplined! ⚠ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making any investment decisions.
NSE:SENORESLong
by sagartharayil
Kamat Hotels - Bullish Breakout with Massive VolumeKamat Hotels - Bullish Breakout with Massive Volume 🚀 📊 Timeframe: Daily Trade Setup 🔹 Entry Level: ₹273.20 🔹 Stop Loss (SL): ₹226.11 (~17.23% below entry) 🔹 Target Levels: T1 (Pivot High of April 2024): ₹315.45 (+15.46%) 🟢 T2 (Positional Target - ATH): ₹374.00 (+36.93%) 🏆 Risk-to-Reward Ratio (R:R): R:R for T1: 0.89 R:R for T2: 2.14 Technical Highlights 🔥 Volume Spike: Breakout supported by 4-5x higher volumes than recent sessions. Volume is the key reason for this suggestion. 📈 Price Journey: The stock started its upward journey in March 2020, slowly rising while trading inside a channel. Made a peak (ATH) in January 2024, followed by a sharp fall. After the fall, the stock formed a base and consolidated, leading to the current breakout. 📈 Resistance Levels: Immediate Resistance: ₹292.45 (Pivot High from May 2024 – 8 months ago). Target 1: ₹315.45 (April 2024 Pivot High). 🌟 Candle Analysis: Strong, clean candle with no upper shadow, showing bullish strength. 📊 Trend Consideration: While technically bullish, keep in mind this is against the broader trend, which increases the risk of failure. 💡 Pyramiding Opportunity: Consider adding positions gradually (pyramiding) on follow-through price action. Fundamental Perspective ⚠️ Fundamentals: Nothing extraordinary here; this is purely a technical trade driven by a volume-backed breakout. Actionable Advice & Risks 🔍 Wait and Watch: Look for follow-through price action before committing significant capital. ⚡ Sharp Retracement Risk: Breakouts can often retrace sharply, especially against the trend. Consider adding only small quantities or trade according to your risk appetite. ❗ Trend Risk: 2 out of 3 trades fail if the market sentiment turns bearish, so trade cautiously when going against the prevailing trend. Disclaimer This idea is for educational purposes only and is not financial advice. Please consult your financial advisor and trade according to your risk tolerance. Summary: The stock shows a technically strong breakout, supported by massive volume, and has been gradually rising since March 2020, trading inside a channel. It made an ATH in January 2024, followed by a sharp fall, formed a base, and consolidated before breaking out. Immediate resistance lies at ₹292.45, followed by T1 at ₹315.45, and positional traders can aim for the ATH of ₹374. While fundamentals are not strong, the volume-backed breakout and clean price action make this a compelling technical setup. Be cautious of retracements and manage your risk effectively.
NSE:KAMATHOTELLong
by sagartharayil
SRF Update – Trading Near a 3-Year Range Watch for breakout📌 Cheat Entry: ₹2704 📌 Entry: ₹2864 (ATH Level) 📌 Stop Loss: ₹2259.8 (Closing Basis, -16.6%) 📌 Target 1: ₹3386 (+25%, R:R 1:1.5 from Cheat Entry) 📌 Positional Target: ₹3910 (+44.6%, R:R 1:2.7 from Cheat Entry) 💡 How to Trade: 1️⃣ Test Quantities: Add small quantities above the Cheat Entry (₹2704). 2️⃣ Full Entry: Add the rest above the ATH breakout level (₹2864). 3️⃣ Look for a clean breakout with a wide-range candle supported by strong volumes. ⚠️ Position Sizing Tip: The market remains weak. Trade only 10% of your usual position size. Example: If you usually buy 100 stocks, buy 3 above Cheat Entry and the rest above ₹2864 (ATH breakout). ✅ Why Trade This Setup: 🏷️ Stock has been in a range since Oct 2021 and is now trading below its ATH. 📈 Once the ATH is broken, no resistance remains, setting the stage for a potential Stage 2 breakout. 🚀 Stock gapped up on Jan 9, 2025, with volumes 7x-8x higher than previous sessions—a potential breakaway gap. 🔑 Trading above key DMAs, showing resilience in a falling market. ⚠️ Risks to Watch: Nifty 50 & Overall Market: The structure remains Lower-High, Lower-Low (LL-LH). Any bounce could be just a natural pullback within this structure. If Nifty or the broader market falls further, the probability of failure increases significantly. Until Nifty & broader market close above 200 DMA & 50 DMA, and change the structure to HH-HL, the risks are amplified. Probability: 2 out of 3 trades may fail in such conditions. 💡 Pro Tip: Trade small quantities unless you’re skilled at managing risk. Missing a rally is better than burning your capital. 📜 Disclaimer: This analysis is shared for educational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Please consult with a certified financial advisor and consider your risk tolerance before making any trading or investment decisions. 🔍 Final Thoughts: 📊 This trade aligns with the potential for a major breakout, but it’s crucial to manage risk and position sizing carefully. Make decisions based on your risk appetite and always do your due diligence.
NSE:SRFLong
by sagartharayil
Smallcap Index Breakdown: Retailers Brace for Impact!Smallcap Index Breakdown: Retailers Brace for Impact! The Smallcap Index has fallen decisively out of its rectangle base. While it briefly re-entered the zone, it has now resumed its breakdown trajectory, signalling more pain ahead for portfolios. 🔎 What to Watch For: Testing of the 14,900 support seems increasingly probable. A 2-3% drop in Nifty could potentially double the impact on Midcap, Smallcap, and Microcap indices. Retail investors, especially those who bought near the highs, are likely to feel the brunt of this breakdown. ⚠️ Why It Matters: Breakdown in Smallcap and Microcap indices could trigger widespread panic selling. Investors need to manage risks proactively and avoid emotional decisions. The recent breakdown is a reminder to maintain disciplined investing and avoid impulsive decisions. Focus on long-term strategies that align with your goals and risk appetite. 💡 Actionable Insight: Rather than reacting emotionally to the market, this is a good time to focus on capital protection strategies. Ensure you’re following proper risk management and avoid overexposure to high-risk assets. 💬 Let’s Discuss: How do you plan to navigate this potential storm? Will the index find support at 14,900, or is more downside imminent? 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Please consult with your financial advisor for personalized guidance.
NSE:CNXSMALLCAPShort
by sagartharayil
RGL Global Ltd. Base Breakout!Analysis of Renaissance Global Ltd (RGL) Technical Overview: Base Breakout: Immediate resistance at ₹217.62. Safe Traders: Wait for the ₹217–₹218 level to break with high volume and a strong Wide Range Candle (WRC) for confirmation. Entry Level: ₹205.77. Stop Loss (SL): ₹179.27 (12.88%). Target 1 (T1): ₹251.60 (+22.28%). Target 2 (T2): ₹297.10 (+44.45%). Risk-Reward (R:R): 1:1.73 for T1, 1:3.45 for T2. Technical Highlights: Volume: Significant increase, indicating accumulation. RSI: Gaining strength, showing bullish momentum. Fundamental Overview: Market Cap: ₹1939 crore. P/E Ratio: 26.2 (compare with sector P/E for evaluation). ROCE: 8.25%, reflecting mediocre efficiency. Fundamentals aren't highly attractive but technicals suggest good potential. Key Risks: Sector Comparison: Evaluate P/E and ROCE against industry peers. Breakout Strength: Ensure price sustains above ₹217–₹218 with robust volume for safer entry. Disclaimer: This analysis is for educational purposes only and not financial advice. Trade based on your risk tolerance.
NSE:RGLLong
by sagartharayil
WEL- Base breakout! Looks good positionally... WEL Broke out of a Base Volume is improving RSI indicates strength Trading above Key DMAs Resilient to the market correction and did not correct that much Entry: 184.5 SL: 145-Closing basis Positional Target: 261 RR: 1:1.85 ⚠️The market is currently bearish, and these trades go against the prevailing trend. Exercise caution, focus on proper position sizing, and trade lightly to manage risk effectively. Past performance does not guarantee future results. Always consult a financial advisor before making any trading decisions.
NSE:WELLong
by sagartharayil
Aegis Trying to breakout of a long consolidation. Observations: 1⃣Trying to break out of consolidation/DarvasBox. 2⃣Closed Right below previous ATH/Resistance. 3⃣Huge Volume 5⃣Inverse Head &Shoulders on DTF. 6⃣Dry Volume During Consolidation/Pullback. 1⃣Action Plan: ➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest. 2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis). ➡️Use trailing stops to lock in profits as targets are reached. ➡️Volume Confirmation: Monitor for sustained volume above average to ensure the breakout is genuine. ➡️The confluence of the Inverse Head and Shoulders and Darvas Box breakout significantly strengthens the bullish case. Market is very weak. So exercise extreme caution and manage the risk.
NSE:AEGISLOGLong
by sagartharayil
2
Jash Enginering. Watch for a Base Breakout!Stock: Jash Engineering Ltd. Chart Pattern: Breakout from a consolidation range. Key Levels:Entry: ₹655.5 Stop Loss (SL): ₹545.10 Expected T1: 777 Observations: - Strong bullish momentum with a 10.23% move today. -Price consolidating and forming a base -Above key moving averages. -Resilient in Bearish Market -Volume spike indicates strong buying interest. -Strong RSI -Stock is in an Uptrend. -Takes Support at 50 and 200 DMA on each pull back. Risk-Reward: Favorable setup for swing traders. ⚠️Overall Market is Bearish. We are trading against the trend. Risk Management is important. If your Risk Management is poor then please do not trade. Disclaimer: This is for educational purposes only, not financial advice.
NSE:JASHLong
by sagartharayil
1