Sachinstockcharts

POLYPLEX – Technical & Fundamental Setup POLYPLEX is currently taking support near its long-term demand zone of ₹790–₹760, which has historically acted as a strong support band. Recently, the stock once again respected this zone, indicating strong buying interest at lower levels. On the charts, POLYPLEX has formed a clear double bottom pattern near this support area, which is a classic trend-reversal signal after a prolonged corrective phase. This pattern suggests that selling pressure is getting exhausted and buyers are gradually reg

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KANSAINER – Technical Setup KANSAINER has formed a classic double bottom pattern near the ₹220 zone, which has acted as a strong and reliable support on the charts. The pattern indicates strong demand emerging at lower levels and a possible trend reversal. The stock has already confirmed the breakout above the neckline of the double bottom. After the breakout, price has retraced back toward the breakout zone, which is a healthy sign and often provides a low-risk entry opportunity. The retracement has been well-controlled

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Coal India – Technical Setup Coal India has been trading in a healthy consolidation range over the last few sessions, indicating absorption of supply and steady accumulation by buyers. The price action suggests that the consolidation phase is now maturing, often a precursor to a directional move. The stock has managed to hold above its key short-term support zones during this phase, reflecting strength and stability in the structure. With consolidation nearing completion, Coal India appears poised for a potential upside br

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ITC – Technical Setup ITC is showing a strong technical structure near the ₹400–₹395 zone, which is acting as a solid support area on the charts. The stock has tested this zone multiple times and has managed to hold, indicating strong demand at lower levels. Over the last several sessions, ITC was trading in a tight consolidation range, reflecting accumulation. Today’s close above this multi-day consolidation is a positive sign and suggests a potential breakout, with momentum now shifting in favor of the bulls. The

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RVNL – Technical Setup Analysis RVNL has been in a sustained downtrend over the past few weeks, marked by consistent lower highs and lower lows. Recently, the selling pressure has started to fade near the ₹300 zone, leading to price stabilization and consolidation. On the daily chart, ₹300 has emerged as a very strong support level, as the stock has repeatedly taken support from this zone in the past. This level also coincides with earlier demand areas, making it a high-probability support region. The stock has now broken ab

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Maruti Hits the Brakes ?🚗 Maruti Hits the Brakes: Bearish Engulfing Signals a Possible Correction Ahead! Maruti Suzuki has been one of the strongest performers in the market since August 2025, rallying nearly 35% in just two months 📈. The uptrend was further boosted after the GST cut reform, which led to a huge gap-up opening. From there, the stock followed a clear trendline support, steadily moving higher week after week. But now, the charts are flashing caution signals ⚠️: ✨ 1. Daily Chart View On 29th September

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ETERNAL (Zomato): Breakdown Below Trendline ETERNAL (Zomato) had been on a strong bull run since April 2025, rallying from ₹195 to ₹344 🚀. Throughout this journey, the stock consistently respected an upward trendline, bouncing every time it touched the line. But things changed on 26th September 2025: ❌ The stock broke down below the trendline support for the first time. After the breakdown, it reached a low of ₹320, signaling that the structure had become weak ✨ 1. Trendline Signals (Daily Chart) If we connect all the key highs of Sept

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ICICI Bank Under Pressure: Breakdown Could Open ₹1,360–1,340 ICICI 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

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SBICARD at Key Level: Watch ₹780 Support, ₹830 Breakout SBICARD 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 serv

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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

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NVDA Breaks Trendline, Eyes $155–150 Support NVIDIA 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 furthe

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RLMD — Breakout After 10-Month Consolidation RLMD has finally broken out above its long-standing resistance after nearly 10 months of consolidation. The breakout is supported by good volume, which adds strength and reliability to the move. 🔑 Why This is Significant Long consolidation: When a stock trades sideways for months, it builds strong accumulation. Once price escapes the range, moves are often sharp and sustained. Volume confirmation: Breakouts on higher-than-average volume signal real demand, reducing the chances of a false brea

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Bounce or Breakdown? HDFC Bank at Crucial Support Band HDFC 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

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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

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Green or Red Which path Bajaj Finance will take ?Bajaj Finance is currently consolidating, showing potential for a strong move in either direction. A bullish breakout could lead to an uptrend, while a bearish breakdown may signal a decline. The stock is forming a base, and whichever path it takes next may define its trend for the coming weeks.

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Bajaj Finance – Bearish Divergence and Short Bajaj Finance is currently exhibiting a classic bearish divergence, which is a well-known signal in technical analysis indicating a potential trend reversal or weakness in the ongoing uptrend. 1. Price Action – Upward Trending Channel The stock price of Bajaj Finance has been making higher highs and higher lows, forming a well-defined upward channel. This typically suggests a strong bullish momentum, where buyers are in control, and the price continues to rise steadily. 2. RSI Indicator – Dow

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