LTM at Critical ₹4,000 Support: Is This the Perfect Dip to Buy?LTM is currently trading at ₹4007.80, down 6.13% on the day, after testing its critical multi-year horizontal support zone near ₹3800-4000. The stock has completed a strong secular uptrend from sub-₹1000 levels in 2018 to a peak above ₹7000 in 2022, followed by over three years of range-bound consolidation between ₹4000 and ₹6500–7000.
The recent breakdown from the upper half of this range, accompanied by above-average volume, reflects short-term bearish sentiment and profit-booking pressure.
The overall bias remains mildly bullish for medium-to-long-term horizons due to the strong historical support base. However, short-term momentum is negative.
Entry Scenarios:
Aggressive Entry: Accumulate at current levels (₹3950–4000) for high-conviction investors believing in support holding.
Conservative Entry: Wait for confirmation of reversal — a strong bullish candle or close above ₹4200–4300 with rising volumes. Ideal staggered buying between ₹3850–4150.
Stop Loss: Strict stop-loss at ₹3,850 (below the recent low and major support). This limits downside risk to ~4–5% from current levels. Trail stops upward on any meaningful recovery above ₹4,400.
Price Targets:
Short-term (1–3 months): ₹4800-5000 (initial resistance zone).
Medium-term (6–12 months): ₹5500-5600 (primary target).
Bull Case (12–18 months): ₹6200-7000 if IT sector sentiment improves and AI deal wins accelerate.
LTIMindtree remains a high-quality IT services player backed by Larsen & Toubro. Q4 FY26 results showed resilience: net profit rose 23% YoY to ₹1387–1392 crore, with full-year revenue growth of 6% in dollar terms and improved EBIT margins.
The company continues to focus on AI, digital engineering, and large deal wins, maintaining a healthy order book and client additions. Key metrics include ROE 21–22%, consistent dividend payouts (₹75 total for FY26 including ₹53 final), and a solid balance sheet.
Caution: Bais looks like Bullish coz the multi-year support cluster suggests potential for stabilization.
But we should keep 3769 zone in mind. LTM is at a critical inflection point. The breakdown to the lower end of its long-term trading range amid negative momentum signals short-term weakness and potential for further correction if support fails.
Stockstotrade
Big Move Loading in JUBLFOODJubilant Food works is currently trading at ₹461.35, positioned critically just above its multi-year horizontal support zone of ₹410-420.
This blue support line has repeatedly defended the stock in 2020,2023, 2024 and now in 2026.
Making the current area a high-stakes inflection point after a prolonged distribution phase following the 2021 peak near ₹918 and the 2025 high near ₹796. The chart displays a classic higher-low base formation over 7 years, but repeated failure to break the descending trendline connecting the 2021 and 2025 tops signals ongoing selling pressure at higher levels.
The latest monthly candle shows weakness with a 3.6% decline on moderate volume, indicating short-term bearish momentum, yet the broader structure remains intact as long as support holds.
A strong reversal with high volume from the ₹410–420 zone could trigger a significant bounce. Entry: Near ₹420–430.
Target 1: ₹550–600 (initial resistance).
Target 2: ₹700–750 (major upside extension).
Target 3 (Long-term): ₹820–880 over 12–24 months if the descending trendline breaks decisively.
With strict stop below ₹390 (weekly close). This invalidates the long-term support structure and could lead to deeper correction toward ₹300–350.
Other end,
We have to keep bearish scenario also in mind. Breakdown below ₹400 with rising volumes would confirm weakness and shift the bias lower. In that case, avoid fresh longs and consider short-term selling opportunities toward ₹350.
SBILIFE –Double Bottom at Major Support | Bullish Reversal SetupCurrent Price: ₹1,815.40 (+2.63%)
After a strong rally from Nov 2025 to early 2026, SBI Life Insurance corrected sharply. The stock has now formed a classic Double Bottom pattern with two solid lows at ₹1758 – 1760 zone (Points A & C).Today’s strong green candle off this critical support, backed by decent volume, indicates that buyers are stepping in aggressively to defend the level.
Key Levels: Strong Support: ₹1758 (Double Bottom) — Breakdown below this would be bearish.
Immediate Resistance: ₹1831 → ₹1866
Next Major Target: ₹1960 – ₹2000+ (re-test of recent swing high)
Bias:
Short-term bias is cautiously bullish as long as price holds above ₹1800. A decisive close above ₹1831–1866 would confirm the double bottom reversal and open the path for a fresh up move.
Risk Management:
Stop below ₹1787–1800 for aggressive longs. Conservative traders can wait for confirmation above ₹1831 or .The overall long-term trend remains intact. This appears to be a high-probability accumulation zone at strong support.
HUL at Inflection Point: ₹2327 Could Decide the Next Big MoveThe stock has been in a prolonged downtrend but is showing the strongest bullish momentum in months. It is currently at a critical inflection point — testing both the major descending trendline and the 38.2% Fibonacci retracement. A decisive breakout above the trendline would shift the bias to bullish on the daily timeframe.
Short-term bias is cautiously bullish as long as price stays above ₹2,311. The recovery from March lows shows buyer interest returning, and the current zone offers a high-conviction setup for a trend reversal if the descending trendline is broken with volume.However, the larger downtrend is not yet fully reversed. Traders should wait for confirmation above the trendline before taking fresh long positions. Investors can view the current dip as a potential accumulation zone near strong supports, especially ahead of earnings.
Risk-Reward Suggestion:
Aggressive traders: Look for breakout above ₹2,350 with stop below ₹2,300.
Conservative approach: Wait for earnings outcome or clearer confirmation.
Immediate levels to watch:
Bullish trigger: Decisive close above ₹2349–2350 (breaks trendline + Fib resistance) then opens path to ₹2401 → ₹2434.
Bearish risk: Failure to hold ₹2311 (or worse, ₹2,278) then retest of lower support
HEROMOTOCO – Wave 5 Setup Unfolding After Ideal Wave 4 📘 HERO MOTOCORP – Wave 5 Setup from Textbook Elliott Structure
Timeframe: Weekly
Structure: Impulsive (1–2–3–4 complete) → Preparing for Wave 5
Type: Positional Swing Setup | Elliott Wave Based
🔍 1. Elliott Wave Structure Breakdown:
Wave 1: ₹1,475 to ₹3,629
Wave 2: Retraced to ₹2,146.85 (between 50%–78.6% Fib of Wave 1)
Wave 3: Impulse to ₹6,246.25
Wave 4: Currently correcting between 38.2%–61.8% Fib of Wave 3 (₹4,680–₹3,712)
✅ Price found support near ₹3,344, which is just below 61.8% retracement – a common zone for Wave 4 completion.
🟫 2. Wave 4 Support Zone – ₹3,712 to ₹3,344:
This zone is acting as a potential reversal base with:
Fib retracement confluence: 38.2%–61.8% of Wave 3
Failed breakdown attempts followed by recovery candles
CHoCH observed in lower timeframes – suggests momentum shift
🟩 3. Breakout Confirmation Level – ₹4,680:
Breaking above ₹4,680–₹4,800 range would confirm Wave 5 activation
Indicates structure validation + bullish resumption
Close above this zone = strength & momentum breakout
📈 4. Wave 5 Target Projection – ₹6,595 to ₹7,019:
Calculated using:
113%–127% Fibonacci extension of Wave 3
Historical rally symmetry from Wave 1 and 3
Target zone offers positional upside potential of ~55%+
🛑 5. Stop Loss & Invalidation Level:
SL Zone: ₹3,344
Sustained breakdown below this invalidates Wave 4 base
Can lead to sharp drop toward ₹2,600–2,900 (next Fib cluster)
✅ 6. Trade Plan (Swing):
Accumulation Zone: ₹3,700 – ₹4,300 (if support structure holds)
Breakout Entry: Close above ₹4,680–4,800
Stop Loss: ₹3,344
Target: ₹6,595–7,019 (Wave 5 zone)
🧠 7. Why This Setup Matters:
Elliott Wave Confluence: Clean 1–2–3–4 formation
Textbook Fib Behavior: Wave 2 and Wave 4 within ideal retracement ranges
Defined R:R Structure: Tight invalidation + 1:2+ reward
Momentum Setup: Wave 5 can unfold rapidly once confirmed
📌 Conclusion:
HERO MOTOCORP is poised for a potential Wave 5 rally after a well-behaved corrective Wave 4.
A breakout above ₹4,680 could trigger bullish continuation toward ₹7,000+.
This is a classic trend continuation setup for wave-based swing traders.
ZENTEC: Wave 4 Correction Complete – Ready for the Next wave?ZEN TECHNOLOGIES LTD (NSE: ZENTEC) – Daily Chart Analysis 🚀
Elliott Wave Structure | Fibonacci Retracement | Swing Targets
1. Why This Setup? 🤔
ZEN Technologies is showing a classic Elliott Wave structure, and the recent price action suggests a high-probability bullish reversal. Here’s why:
Wave 4 Correction Completed: The stock has retraced between the 38.2% (₹1,899) and 61.8% (₹1,671) Fibonacci levels of Wave 3, which is a textbook correction zone for Wave 4.
ABC Pattern: The correction unfolded as an ABC pattern, with the (C) leg finding support in the golden fib zone.
Change of Character (CHoCH): Multiple CHoCH points on the chart indicate a shift from bearish to bullish sentiment, suggesting that sellers are exhausted and buyers are stepping in. 🟢
2. Key Levels & Trade Plan 📊
Current Price: ₹1,880
Support Zone: ₹1,899–₹1,671 (38.2%–61.8% retracement of Wave 3) 🟢
First Swing Target Zone: ₹2,487–₹2,658 🟢
Second Target Zone: ₹2,849–₹3,085 (113%–127% extension of last major swing) 🟢
Why these targets?
The first target zone aligns with the projected completion of Wave 5, based on previous impulse waves.
The second target zone is calculated using the 113%–127% Fibonacci extension of the last major swing, a common area for extended moves in strong trends.
3. Risk Management 🛡️
Entry: Accumulate near current levels or on dips into the support zone. 🟢
Stop Loss: Daily close below ₹1,670 (61.8% retracement) to protect capital. 🔴
Targets:
1️⃣ First Target: ₹2,487–₹2,658 🟢
2️⃣ Second Target: ₹2,849–₹3,085 🟢
4. Technical Summary & Cautions 🟠
The completion of Wave 4 correction sets the stage for a potential Wave 5 rally .
Bullish momentum is likely to pick up above ₹1,900, with strong upside potential towards the target zones.
Caution: If price closes below ₹1,670 on a daily basis, the bullish setup is invalidated and further downside is possible. 🟠
Watch for confirmation candles and volume spikes for added conviction! 📈
Conclusion:
ZEN Technologies is offering a high-probability swing setup after a healthy correction. The risk/reward is attractive for positional traders, provided stops are respected. The technicals suggest a new uptrend could be starting, with clear targets and a logical stop loss. 🟢
Like & Follow for more setups! 👍✨
#ZENTEC #ElliottWave #SwingTrade #TechnicalAnalysis #TradingView #Stocks #NSE #Fibonacci #Breakout #StockMarket 🚀
HILTON : Reversal confirmed?
## 📘 \ HILTON METAL FORGING – Potential Reversal Setup Based on Elliott Wave Completion\
\ Timeframe:\ Daily
\ Structure:\ Completed 5-Wave Impulse (Bearish) → Recovery in Progress
\ Type:\ Swing Trade Setup | Wave Theory Based
---
### 🔍 \ 1. Context and Background:\
HILTON has completed a \ five-wave impulsive decline\ from highs of \~₹190 to a bottom near ₹50, signaling the end of a strong downtrend.
According to \ Elliott Wave Principles\ , after a completed 5-wave impulse, a corrective \ ABC structure\ (retracement) generally follows.
Current chart indicates that \ Wave 5 is complete\ and recovery is underway in the form of Wave A → B → C.
---
### 🔢 \ 2. Wave Count Overview:\
* \ Wave 1:\ Initial sharp decline
* \ Wave 2:\ Pullback to previous support
* \ Wave 3:\ Extended and steep fall
* \ Wave 4:\ Retracement to 50%-61.8% Fib zone (₹119.99–₹130.94)
* \ Wave 5:\ Final sell-off completing around ₹50–52 zone with capitulation
\ Note:\ Volume on Wave 5 bottom shows signs of exhaustion and early accumulation.
---
### 🧩 \ 3. Current Structure – Recovery Begins:\
* The chart marks the \ first rally without volume\ (Wave A)
* Followed by a correction forming \ Wave B (intermediate zone: ₹58–67)\
* Now tracking potential for Wave C upside, targeting key retracement zones
---
### 🎯 \ 4. Trade Levels and Projections:\
* \ Entry Zone:\ ₹58–67 (Wave B demand zone)
* \ First Target:\ ₹56–62 (gap-fill and prior resistance – conservative swing)
* \ Second Target:\ ₹132–142 (Extended retracement of Wave 4) – for positional traders
* \ Stop Loss:\ Below ₹56 (especially if the recovery wave fails or structure breaks)
---
### 🔍 \ 5. Technical Confluences:\
* \ Wave 4 retracement zone:\ ₹119.99–130.94 = 50–61.8% of Wave 3
* \ Extended retracement target:\ ₹132–142 (potential C-wave projection)
* \ Volume Analysis:\ Low volume rally followed by corrective dip shows early signs of base building
---
### ✅ \ 6. Strategic Notes:\
* \ This setup is ideal for swing or short-term positional traders\ aiming for 1:2+ RR
* Structure aligns with post-impulsive recovery behavior as per Elliott Wave
* \ Low-risk accumulation\ possible near ₹58–62 with defined SL
* Best trades come from structure + sentiment shift – both are visible here
---
### 📌 \ Conclusion:\
HILTON METAL appears to have \ completed its 5-wave downtrend\ and is entering a corrective phase.
The current \ Wave B zone (₹58–67)\ offers a good risk-managed opportunity to participate in the \ Wave C upside\ toward ₹132–142.
Traders must monitor price action and volume closely around the current level and protect downside with a stop below ₹56.
View on Larsen and Toubro (L&T) L&T current price: 3458 on 1/02/2025
The stock has taken support at 3407 but unable to cross 3630 after testing it twice, now this level is acting as Resistance, if fails to trade above this level we can see it trading a range of 3630-3407.If the stock sustains above 3630, we may upside move to 3800-3900.
Coal India set to cross all time high If you look at the set up of COAL India. it looks very strong.
CMP 504. strop loss 498. target : 560.
RR: more than 1:10.
Why COAL India.?
During last month it has show nice rally from 480 to 520. and it has given nice pull back and now with positive momentum it is set to cross ATH. RR is unmatchable.
Exide Industries Have A Look Exide Industries Touch All Time High In a Month Of July And Cool Down and following a Trend line
After Following The Trendline . The Stock Given Us Breakout Of Trendline .
There My Point Of View , The Stock Have A more Potential to Touch Again AllTime High its Move in Percentage 18% Can Move After A Good Pull Back . 52 Week High Magnetic Setup Activate & Give Us Gain Of 17-18% from Breakout .
Please Look at In This Chart .
Thank You For Giving Time On My Post .
Cholafin view for Intraday 23rd September #CHOLAFIN
Cholafin view for Intraday 23rd September #CHOLAFIN
Buying may witness above 1615
Support area 1592-1600. Below ignoring buying momentum for intraday
Selling may witness below 1592
Resistance area 1610-1615
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
IMAGCIAA World LTD (Range Breakout On WTF)IMAGCIAA World LTD has given a Range Breakout on Weekly time frame with good volume. The stock can possibly head towards 120, 150 levels in the coming few weeks. Stop loss could be placed at 76.25 (low of weekly closing).
Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
MPHASIS (Weekly Breakout Candidate)MPHASIS (CMP: 2,873) has given a breakout on weekly chart. The stock has formed a cup and handle pattern on weekly chart. Possible upside from current level remains for 3,000, 3,200, 3,500. Also increasing volumes can be seen on weekly chart. #MPHASIS
Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
JKIL (Asc Triangle Breakout)J Kumar Infraproject Ltd (JKIL) has formed an Asc triangle pattern on DTF. The stock could head towards 800, 820 in the coming few days. Also, good volumes can be seen on the DTF. Stop loss can be placed at the low of Friday's closing candle which is 644. Support at 715.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.






















