Kajaria - double bottom reversal pattern confirmation.NSE:KAJARIACER Made a Beautiful Chart Structure of a double bottom reversal pattern confirmation with pivot levels broken after Q4 Results and an FTA Deal, with Good Price and Volume action, which is increasing daily.
Price Action:
- The stock has experienced a prolonged downtrend from December 2024 to April 2025
- Currently showing a strong reversal with price at ₹931.30, up (+7.53%) in today's session
- Critical breakout above key resistance level (₹900-910)
- Strong bullish candle today with substantial range, indicating decisive buying pressure
Volume Analysis:
- Today's volume at 2.16M shares vs. average of 969.71K (more than 2x normal volume)
- Volume expansion on bullish moves in late April and mid-May suggests institutional accumulation
- Volume pattern shows increasing participation during recent rally phases
- Previous resistance tests (red arrows) occurred on a lower volume, explaining the failed breakouts
Key Supports and Resistances:
- Major resistance just broken at ₹900-910 zone (red horizontal line)
- Multiple previous rejection points at this level (red arrows)
- New support established at ₹775-780 range (green horizontal line)
- Double bottom formation at the support confirms its significance
- Next major resistance likely around ₹1,000 (psychological level)
Technical Patterns:
1. Double Bottom - Formed at ₹775-780 level in April-May (green arrows)
2. Resistance Breakout - Clear breach of ₹900-910 level with volume confirmation
3. Higher Lows - Recent price structure showing increasing buyer strength
5. Basing Pattern - Consolidation between ₹775-910 created solid base for breakout
Trade Setup:
- Pattern: When Resistance breaks out with a downtrend line break
- Confirmation: Today's strong price action above ₹910 with volume expansion
- Context: Possible trend reversal after prolonged downtrend
Entry Points:
1. Aggressive Entry: Current price (₹931.30) with partial position
2. Pullback Entry: On retest of breakout level ₹900-910 (if it occurs)
3. Momentum Entry: Add positions on close above ₹950 with continued volume strength
Exit Strategy:
- Target 1: ₹1,000 (psychological resistance)
- Target 2: ₹1,100 (previous support turned resistance)
- Target 3: ₹1,200 (major resistance from December)
- Trailing Stop: Implement a 5% trailing stop after Target 1 is achieved
Stop Loss Placement:
- Aggressive Stop: ₹890-895 (just below the breakout level)
- Conservative Stop: ₹850 (recent swing low)
- Pattern-Based Stop: ₹775 (below the double bottom support)
Risk Management:
- Position sizing: Limit risk to 1-2% of trading capital
- Risk-reward ratio: Maintain at least 1:1.5 (with aggressive stop)
- Consider scaling in on confirmation and scaling out at each target level (e.g., 30% at each target)
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational 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.
Risingvolume
National aluminium co. Ltd ascending triangle breakout completeNSE:NATIONALUM Ascending triangle breakout complete
Do as directed
Weekly chart uptrend chart. Trading near strong support zone
Rising volume breakout
This is not trading recommendation or advise 🚨
Do your analysis before taking any step.
Inverted Head and shoulder pattern formed in Nestle indiaNSE:NESTLEIND Ready for breakout
Weekly chart
Inverted Head and shoulder pattern formed
Stoploss at your risk
Target may be achieved in 3-4 months because it is a low volatility stock
Rising volume since 3-4 weeks showing buyers interest
Do as directed in the chart 📈
Do your analysis before taking any step
This is not trading recommendation or advise.
Follow for more such analysis.Thank you.
Trend line breakout in Reliance industries Downwards Trendline breakout done in NSE:RELIANCE
Rising volume since 3-4 days
Big green candle breakout📈
Trade as directed in chart
Stoploss at your risk 🚨
Time duration till 1 November 🗓️📣
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For educational purpose only
Do analysis before taking step I Am not recommending or advising
Sunflag Moving Up1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one-day price drop
After rising from ₹86 to ₹248 during Nov'22-Aug'23, NSE:SUNFLAG started giving up its gains. On 15th Nov it broke the downtrend line and after taking support on the same line it bounced back on 21st Nov. It is a buy with a stop around ₹185.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
BIOCON: Powerful BreakoutBIOCON breakouts of yet another Ascending Triangle formation with support from rising volumes. The stock has been an out-performer and has been steadily holding unto an UP trend for sometime. A fine PINCH with the Bollinger Bands suggest a volatility contraction, and add to this fact that we did have an Inside Day formation couple of sessions back. The stock seems to be all set for a retest of its previous highs of 427 and then the 261.8% Fibonacci Extension at 460.