Get started

Reversalpattern

PARAMOUNT COMA LTD📊 PARAMOUNT COMA LTD (1D) – CMP ₹60.08 📅 Date: May 20, 2025 📈 Exchange: NSE 📌 Ticker: PARACABLES 🧠 Technical Analysis Overview ✅ Bullish W-Pattern (Double Bottom): Price has formed a strong W-pattern, also known as a double bottom, indicating a potential trend reversal. The neckline breakout above ₹58.00 confirms bullish momentum. ✅ Downtrend Breakout: The long-term falling trendline has been broken decisively with strong bullish candles and increasing volume – a classic reversal signal. ✅ Volume Spike: Breakout has occurred with significant volume (1.98M), confirming the strength of the move and hinting at potential institutional entry. ✅ Fibonacci Retracement Levels: 🔶 38.2% – ₹65.69 🟩 50.0% – ₹72.36 🟩 61.8% (Golden Ratio) – ₹79.03 💡 Price Action Strategy 🧱 Key Support & Resistance Levels 🟩 Support ₹58.00 – Previous neckline breakout level ₹50.00 – Mid-range base level 🟥 Resistance (Fibonacci-based) ₹65.69 – 38.2% ₹72.36 – 50% ₹79.03 – 61.8% Golden Ratio 📌 Conclusion PARAMOUNT COMA LTD has triggered a strong breakout after forming a W-pattern and clearing a key trendline. With volume confirmation and upside potential toward Fibonacci levels, this could be a promising swing trade setup. Retesting ₹58 zone could offer a perfect entry opportunity. 📌 Disclaimer: This is for educational purposes only. Not financial advice. Always do your own research or consult a financial advisor.
NSE:PARACABLESLong
by PriceAction_Pulse
Dixon Technologies Bullish Bias 10% upsideThe Stock has been consolidating for a while As visible from the RSI the stock has given a nice breakout from the range The stock price was also falling and took support near 200day EMA zone The price has reversed from the selling zone 3 days constant increase in the price and reversal with a W Breakout pattern The overall sentiment looks really bullish for the counter Also, the tariff pause shall be helping the business for a short term Looks really bullish to me. Caution: Trade as per your risk appetite.
NSE:DIXONLong
by Harshil_g
1
NIFTY 50 Price analysis## Current NIFTY 50 Price As of the latest data, the NIFTY 50 is trading at **23,332.35**, reflecting a gain of **+166.65 (0.72%)**. **Short-Term Technical Outlook** - **Resistance levels**: Immediate resistance is observed at **23,566**, with potential upside targets at **23,640**, **23,715**, and **23,810** if sustained. A decisive close above **23,800** could propel the index toward **24,500** - **Support zones**: Key support lies in the **23,300–23,200** range, with a breakdown below **23,413** signaling short-term bearish momentum - **Volatility**: Recent sessions saw a sharp decline to **23,486**, breaking an ascending channel pattern on lower timeframes **Long-Term Technical Outlook** - **Bullish scenario**: Sustaining above **23,850** may trigger a rally toward **24,000**, **24,210**, and **24,500**, with a stop-loss at **23,700** - **Bearish risk**: A breakdown below **22,300** could indicate further downside **Technical Indicators** - **RSI (14)**: Neutral at **47.54**, suggesting balanced momentum - **MACD**: Signals a buy with a value of **17.59** - **Moving Averages**: Mixed signals, with short-term SMAs (5, 10, 20) indicating sell pressure, while longer-term SMAs (50, 100, 200) remain bullish - **Stochastic indicators**: Overbought conditions in STOCH (99.214) contrast with oversold STOCHRSI (23.768) **Fundamental and Sentiment Factors** - **FII/DII activity**: Foreign Institutional Investors (FIIs) bought **₹2,240 crore** recently, while Domestic Institutional Investors (DIIs) sold **₹696 crore**. Monthly trends show FII outflows (**₹4,744 crore**) offset by strong DII inflows (**₹27,421 crore**) - **External drivers**: A weakening U.S. dollar (DXY at **104.3**) and declining U.S. Treasury yields support rupee appreciation, potentially aiding market gains **Valuation Metrics** - **P/E ratio**: **21.2** - **Dividend yield**: **1.33%** - **Market cap**: **₹1,86,04,127 crore** **Strategic Recommendation** Investors may consider a **buy-on-dips strategy** for long-term positions, leveraging current valuations. Short-term traders should monitor **23,566** (upside trigger) and **23,413** (downside threshold) for directional cues
NSE:NIFTYLong
by KamalKJoshi
Shocked by Nifty50's sharp correction? Don't worry!Today NIFTY has crashed by 350+ points and reached 23165, a correction from 23800 levels . Let me explain, This Nifty Daily chart is a classic example of how many fundamentals of Technical Analysis are satisfied. 1) Old resistances in 2024 at 22800 will now become Support levels 2) If it goes to 23000 and stops at 22800 levels it also fulfils the Wave 4 criteria, which says that Wave 4 never gets in Wave 1 territory 3) If this happens, the chart also completes an Inverse Head and Shoulder's Right Shoulder bottom to make an up-move towards the Neck. 4) if it crosses the Neck, the targets of Nifty will be above 25500, which will be 2500+points. Technicals are beautiful only when you practice them.
NSE:NIFTYLong
by marwah.raghav
AVANTIFEED 1:8 RR (3 trade set up)Based on the technical analysis of Avanti Feeds Ltd (AVANTIFEED), the price action shows a positive trend in the short to mid-term: The stock has broken out of a long-term triangle formation with an Inverted Head & Shoulder pattern, accompanied by strong volume1. The price is exhibiting a positive breakout from the Keltner Bands, indicating strong bullish momentum2. The ADX (Average Directional Index) suggests a strong uptrend2. The Stochastic RSI shows bullish signals, with the indicator rising from oversold levels2. The stock is trading above its key moving averages, further confirming the bullish trend4. Short to mid-term price action analysis is described as "definitely positive," indicating a strong uptrend78. However, it's important to note that some conflicting signals exist: The MACD shows a bearish crossover, which could indicate potential short-term weakness2. The Stochastic RSI also shows some bearish divergence in the longer term4. Overall, the price action analysis for AVANTIFEED appears bullish, with strong momentum and positive breakouts observed across multiple technical indicators.
NSE:AVANTIFEEDLong
by KamalKJoshi
1
#INDIANHUME - Reversal Pattern (W Bottom Pattern)📊 Script: INDIANHUME Key highlights: 💡⚡ 📈 W Bottom Pattern at Demand Zone 📈 Deman Zone tested 📈 W Bottom Pattern BO in DTF 📈 Volume Spike Seen 📈 MACD can give a Bounce 📈 Price consolidated for 31Days 📈 One can go for Swing Trade ⚠️ Over All Market condition is bad, Practice paper trading 🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly. BUY ONLY ABOVE NA DCB ⏱️ C.M.P 📑💰- 373 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – Below Swing Low% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅#Boost, #Like & #Follow to never miss a new idea! ✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:INDIANHUMELong
by MMT_MakeMoneyTrading
BSE Bouncing from a support Zone...Stock: BSE Ltd. Chart Pattern: Potential breakout with retest near support. Key Levels:Entry: ₹5,553.30 Target (T1): ₹5,848.10 Stop Loss (SL): ₹4,985.95 Observations: ✅Retesting a key zone and taking support at 50 DMA and bouncing. ✅Cup and handle formation played out earlier, now forming higher lows. ✅Volume remains supportive for upward momentum. ✅Resalient to market fall ✅Trading above Key DMAs ✅Strong RSI Risk-Reward: Moderate-to-high, ideal for positional traders. Can consider fresh entry further addition if it gives a clean breakout from 5849 levels. ⚠️Remember, we are trading against the trend. If Overall Markets were to fall further then this would also fall. Disclaimer: This post is for educational purposes, not financial advice.
NSE:BSELong
by sagartharayil
Reliance Industries ltd - Finally sign of reversal!The current price action suggests that the market has reached a potential bottom, characterized by a reversal from a previous downtrend. This shift is confirmed as the price breaks upwards, moving decisively past a phase of consolidation or uncertainty. The Diamond Bottom pattern , a notable reversal formation, typically emerges after a sustained downtrend. Initially, the price action expands, forming higher highs and lower lows, creating a broad, widening shape. This phase indicates increased volatility and uncertainty in the market. As the pattern progresses, the trading range begins to contract, signifying a shift in market sentiment. The highs cease to climb, peaking out, while the lows start to rise, indicating a potential buildup of bullish momentum. The critical point in this pattern is the breakout above the narrowing boundary lines of the diamond. This upward breakout serves as a strong signal of a trend reversal, marking the transition from a downtrend to a new upward trajectory. Such a breakout often leads to a sustained bullish trend, supported by renewed buying interest and positive market sentiment. This reversal can be a significant opportunity for traders to capitalize on the shift in market direction. Other Positive Things [ b]ABC pattern seems to be complete as there is divergence in MACD , after which price to move at-least min 38.2% to 61.8% of Fibo levels DMI in verge of moving positive direction PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RELIANCE
by hardeepssethi
OIL bullish for short term upside to 550Hello Everyone, Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while. Points to note: > Out of all, Oil sector is showing some strength. > OIL has seen recovery for the current support levels multiple times in the past. > Trading above 100EMA with good volumes. > Hammer spotted Important leves: Support: 464 Resistence: 450 Entry Levels: 485-490 Exit Levels: 464 or trail with EMA 100 once it breaches 500 levels. Risk to Reward: Optimal Entry 485 – Target 550 = Almost 3x Reward to Risk
NSE:OILLong
by madhubansal
4
Positional Long/Reversal Setup: PVR Inox PVR has given a correction of ~40% from its latest High and is trading at a important make or break level. Current price structure is following a Descending triangle pattern, supported by the golden ratio zone based on swings from 2020 onwards. The daily RSI is at 28.41, indicating the stock is approaching oversold territory, which may precede a potential reversal. Also the CCI is at -131.31, placing it in the oversold range, which could indicate a potential price reversal. PVR is currently exhibiting a bearish trend however, oversold signals from the RSI, CCI and based on current price structure suggest the possibility of a reversal. ⚡Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on trading view. 🔗 Trading View: in.tradingview.com/u/DebasisT/
NSE:PVRINOXLong
by DebasisT
NIITLTD Trade set up, probable reversalNIITLTD's stock is currently experiencing a weakening uptrend. The most recent closing price was 186.01, with a daily high of 203.62 and a low of 184.14. The stock is trading below an important level of 213.91, which could indicate a potential short-term decline if the price remains below this threshold. Technical Indicators Moving Averages: The stock appears to be trading below key moving averages, suggesting bearish sentiment in the short term26. RSI and MACD: While specific values aren't provided, these indicators are likely showing bearish signals given the overall trend analysis. Support and Resistance Levels Key price targets for NIITLTD are: Downside target: 210.57 Upside target: 217.31 Volume and Volatility The average trading volume for NIITLTD is 1.24 million shares. This volume can provide insights into the strength of price movements and potential trend reversals. Long-Term Perspective NIITLTD is currently trading 16.80% below its 52-week high of 203.90, which was set on September 5, 2024. This suggests there may be room for upward movement if market conditions improve. Market Sentiment The overall short-term sentiment for NIITLTD appears negative, indicating a strong downtrend6. However, it's important to note that market conditions can change rapidly, and investors should always conduct thorough research before making investment decisions. Related What are the key support and resistance levels for NIITLTD How reliable are AI predictions for NIITLTD's stock movement What is the significance of the 213.91 level for NIITLTD How does the cup and handle formation affect NIITLTD's future price What are the potential targets for NIITLTD's stock price in the next week
NSE:NIITLTDLong
by KamalKJoshi
HINDALCO 10R probable trade set upThe short-term price action for Hindalco appears to be positive, with some bullish indicators: The stock is trading above its 20-day Simple Moving Average (SMA) of 657. The price is in the upper range of the Bollinger Bands, suggesting strong momentum. The MACD has generated a buy signal, although it is initial and weak. The CCI (Commodity Channel Index) has generated a strong buy signal. However, there are also some cautionary signs: The RSI is generating a sell signal in the short term. Volume-based indicators are showing selling momentum. Medium-term Outlook The medium-term analysis reveals a more complex picture: The stock is trading slightly above the 200-day Moving Average, around 6521. The zone between 652-620 is considered a crucial demand area. The RSI on the daily timeframe shows early signs of reversal, suggesting potential bullish momentum. Key Levels to Watch Resistance: A critical resistance level is identified near 715. Breaking above this level could negate the existing negative trend and confirm a reversal. Support: The 652-620 range is an important support zone. Maintaining a position above this range is crucial to prevent further selling pressure1. Options Data The Put-Call Ratio (PCR) for various strike prices indicates: For the 630 strike, the PCR is 3.58, suggesting more put options are being traded relative to call options. Higher strike prices (710, 720, 750) show lower PCR values, indicating less bearish sentiment for those levels.
NSE:HINDALCOLong
by KamalKJoshi
TRIDENT 1:10+ RR trade set upSupport and Resistance Support Levels: S1 at 33.61, S2 at 33.36, S3 at 33.114. Resistance Levels: R1 at 35.21, R2 at 34.81, R3 at 34.564. Volume Analysis Trading volume is 14,205,622 shares, which is higher than the 20-day average volume of 11,666,702 shares, indicating increased interest35. Price Range 52-week range: Rs 31.07 (Nov 22, 2024) to Rs 52.90 (Jan 09, 2024)1. Current price is about 10.3% above the 52-week low and 35.2% below the 52-week high. The stock is showing mixed signals with bearish short-term trends but potential for upward movement. Traders should watch for price action around key support and resistance levels for potential entry or exit points. The increased volume suggests heightened investor interest, which could lead to increased volatility in the near term.
NSE:TRIDENTLong
by KamalKJoshi
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview: 1. The IT Index was beaten down in late 2022. 2. After 2023 it formed a bottom and prices started gaining strength. 3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand. 4. It is acting as a major support zone and good weekly candle rejection can be noticed. 5. Signs of buyers getting dominant and it should break the ATH soon. 6. I'm expecting a minimum 15% ROI from this sector turnaround. 7. Hopefully, with sector rotation this sector is going to gain momentum eventually. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXITLong
by SuperNova396
1
Time to Buy/Bottomfish #cochinship ?At this juncture cochin Shipyard offers good RR. From a deep price and Time correction, the stock formed a base and broke out of it and showing signs of reversal. A potential stage 2. The reasons for going long are as follows. -Stage 2 Breakout -Formed Double Bottom in DTF -Narrow Range candles with Dry Volume - Channel Breakout. Keep In mind: - Volumes need to improve. -Expect Shakeouts. Tweak the SL as per your risk appetite. Like I mentioned in the beginning, if this is a reversal then the reward will be high. As always- Please study the chart and do your due diligence. And please do not trade on any tips. Enter only if you understand the company, the chart and the price. #StocksInFocus
NSE:COCHINSHIPLong
by sagartharayil
Torrent Power MACD crossoverThe price has given a reversal signal from the lower trendline of the channel with MACD Crossover Above Signal Line. Below are some possitive points for a possible bullish move: => There is a strong momentum as price is above short, medium and long term moving average(MA). => There is a strong growth in QoQ EPS in recent results. => Good quarterly growth in the recent results. => Growth in Net Profit with increasing Profit Margin (QoQ) => Increasing profits every quarter for the past 2 quarters. Buy between 1763-1800. Target 1- 1911, Target 2- 1990 and T3- 2090 SL- 1690. Safe traders can exit on Target 2. Note- This is not a recommendation but only for educational purpose.
NSE:TORNTPOWERLong
by pratikrathor777