Get started

Sachinstockchart

SBICARD at Key Level: Watch ₹780 Support, ₹830 BreakoutSBICARD is currently displaying a double bottom pattern on the daily chart — a bullish reversal setup that typically forms after a downtrend. This pattern signals that the stock is attempting to establish a strong base and could be preparing for an upward move. ⚖️ Key Levels to Watch Support Zone: As long as SBICARD holds above ₹780, the structure remains strong and the pattern is valid. A breakdown below this level could weaken the setup. Breakout Confirmation: A closing above ₹830 will serve as bullish confirmation of the double bottom breakout. Upside Targets: Once confirmed, the stock has potential to rally toward ₹860–880 levels in the short term. ✅ Summary In short, SBICARD is in a consolidation phase, attempting to break out from a double bottom. Holding above ₹780 keeps the bullish bias intact, while a breakout above ₹830 can trigger the next leg higher.
NSE:SBICARDLong
by ChartsBySachin
Bearish Engulfing in Maruti: Bounce or Selloff Ahead ?What happened today The daily candle is a strong bearish engulfing—today’s real body fully engulfed yesterday’s real body. That shows aggressive supply stepping in and a potential short-term reversal after the prior advance. Today’s high ₹15,250 is your invalidation: as long as the price stays below this, the bearish setup remains active. What confirms the signal tomorrow A follow-through (confirmation) candle that closes below today’s low and ideally on above-average volume. Bonus confirmation if intraday retests of the engulfing body’s mid-point get sold into (upper wicks, weak closes). Downside roadmap if confirmed A confirmed breakdown increases odds of a slide toward ₹13,600 (prior demand/congestion) and then ₹13,000 (major psychological level / deeper demand). Momentum often accelerates after an engulfing + follow-through combo; expect lower highs, weak bounces, and moving-average rollovers on shorter timeframes. Risk management / trade plan (discipline first) Trigger: Consider shorts only after confirmation—i.e., sustained trade below today’s low; avoid pre-empting if price gaps up and holds. Stop: Above ₹15,250 (setup invalidation) or above the confirmation candle’s high if that’s tighter and still logical. Targets: T1 ₹13,600, T2 ₹13,000; trail stops on lower highs to lock gains. Avoid traps: A close back inside/above half of today’s body without follow-through weakens the signal; a decisive close above ₹15,250 invalidates the view. Bottom line Bearish engulfing sets the stage; a confirmation candle tomorrow is key. If it comes, ₹13,600 → ₹13,000 opens up. If not—and especially if ₹15,250 is reclaimed—the bearish thesis is off.
NSE:MARUTIShort
by ChartsBySachin
Maruti’s Bearish Engulfing – Will We Get Confirmation?Maruti has formed a bearish engulfing candle on the daily chart today, which is a strong reversal signal when it appears after a rally. This pattern suggests that sellers have overpowered buyers. ⚖️ Importance of Confirmation A bearish engulfing pattern requires a confirmation candle (a red follow-through candle on the next day) to validate the setup. We’ve seen this before: on 4th September, Maruti also formed a bearish engulfing, but on 5th September, the follow-up candle was missing, which invalidated the bearish setup at that time. Hence, waiting for tomorrow’s confirmation is crucial to avoid a false signal. ✅ Key Levels & Targets If we get the confirmation candle tomorrow, then downside levels of ₹14,600 → ₹13,600 → ₹12,900 could unfold in the short to medium term. On the flip side, if no confirmation comes, the pattern may fail just like in early September, and the stock could remain range-bound or resume upward momentum.
NSE:MARUTIShort
by ChartsBySachin
NVDA Breaks Trendline, Eyes $155–150 SupportNVIDIA recently gave a trendline breakdown on the chart, indicating that bullish momentum has weakened. After the breakdown, the stock also retested the broken trendline from below, which is a common technical behavior — often referred to as a breakdown and retest pattern. This confirms that the broken trendline has now turned into a resistance level. ⚖️ Implications Since the retest failed to reclaim the trendline, selling pressure is likely to continue. The stock is now vulnerable to further downside and may gradually drift lower. The immediate support zone lies at $155–150, which coincides with prior demand areas where buying interest previously emerged. ✅ Key Levels Resistance (Invalidation): The broken trendline — if price reclaims and sustains above it, bearish momentum weakens. Support: $155–150 zone (short-term target area). Trend Bias: Bearish as long as the stock trades below the retested trendline.
NASDAQ:NVDAShort
by ChartsBySachin
ICICI Bank Under Pressure: Breakdown Could Open ₹1,360–1,340ICICI Bank has been exhibiting persistent weakness over the past few sessions, underperforming relative to the broader market and showing clear signs of profit-booking. Despite being one of the stronger banking names in the past, the stock has recently struggled to sustain upward momentum, reflecting near-term bearish undertones. Currently, ICICI Bank is trading around a crucial support band of ₹1,400–1,390. This zone has historically acted as a strong base, where buying interest has emerged in the past. However, repeated testing of this support without a meaningful bounce raises concerns about its sustainability. A decisive breakdown below ₹1,390 could accelerate weakness and potentially drag the stock towards ₹1,360 and ₹1,340 levels, which are the next major support zones. These levels are important markers that could determine the medium-term trend. On the upside, for sentiment to improve, the stock must sustain above ₹1,400–1,420 with strong volumes. Until then, caution is advised, as the undertone remains weak, and any breakdown may invite further selling pressure.
NSE:ICICIBANK
by ChartsBySachin
Bounce or Breakdown? HDFC Bank at Crucial Support BandHDFC Bank has been under sustained pressure over the past few sessions, reflecting both stock-specific concerns and broader market volatility. The stock has failed to participate meaningfully in the recent market upmove, which highlights underlying weakness in its structure. Selling pressure has intensified, and price action shows that the stock is struggling to hold above key support zones. At present, HDFC Bank is trading around a crucial support band of ₹950–₹940. This zone has historically acted as an important demand area, where buyers have stepped in to defend the price. However, the inability of the stock to bounce strongly from this range in recent days raises caution. A decisive breakdown below ₹940 may trigger further weakness, opening the door for a slide toward ₹930, ₹900, and even ₹870 levels in the near term. These levels are important psychological and technical supports, and a test of them cannot be ruled out if selling continues. Overall, unless the stock manages to sustain and bounce above ₹950 with strong volumes, the undertone remains weak. The coming sessions will be crucial to determine whether HDFC Bank stabilizes at this support zone or extends its downtrend.
NSE:HDFCBANK
by ChartsBySachin
Chart Analysis - Dow Jones (Breaking Important Resistance)The US30 index has successfully broken through an important resistance level today, which is a key technical development. This breakout suggests the potential beginning of a strong bullish trend, provided the index is able to sustain itself above the red zone. If it continues to hold above this zone, buyers will likely remain in control, paving the way for higher upside targets in the coming sessions. However, if the index fails to stay above this red zone and falls back below it, the breakout will be considered a false breakout, which could lead to renewed selling pressure and possible downside movement. In short, the red zone is the make-or-break level that will decide whether the trend continues upward or reverses.
TVC:DJILong
by ChartsBySachin
Chart Analysis – Bajaj Finance LtdThe stock was trading inside a rising channel for a long time but eventually broke down from it. After the breakdown, a retest of the broken support trendline was observed, confirming weakness. Currently, the price is struggling near the ₹890–₹900 zone, which is acting as a resistance. The critical support lies around ₹850. ⚠️ If the stock closes below ₹850, it will confirm further bearish momentum. The next support levels open up towards ₹820–₹800, which is also a strong demand zone (green highlighted area on chart). 📌 Summary: Unless the stock reclaims and sustains above ₹900, the bias remains weak. A close below ₹850 can accelerate the fall toward ₹820–₹800.
NSE:BAJFINANCEShort
by ChartsBySachin
Bajaj Finance – Trendline BreakdownBajaj Finance has broken a key ascending trendline on the daily chart, with a minor retest underway. The price now trades below the 21 EMA (926.59), indicating short-term weakness. RSI stands at 38.31, showing bearish momentum with room for further downside. A significant volume spike confirms strong selling pressure. If the retest fails, the stock could drop toward the 790–830 support zone. This bearish setup remains valid unless the price reclaims the trendline and closes above the EMA. Traders should watch for rejection at the trendline to confirm further downside.
NSE:BAJFINANCEShort
by ChartsBySachin