Get started

Support and Resistance

Double-Bottom Breakout → Bulls in Control | Target ₹4219The stock has recently completed a double-bottom reversal pattern . A double bottom forms when price tests the same support level twice and fails to break lower, creating a “W-shaped” structure. This indicates that sellers tried twice to push the stock lower but were unable to, while buyers stepped in to defend the level. Once price breaks above the neckline (the midpoint of the “W”), the pattern is confirmed, often signaling the start of a bullish trend. Adding further strength to this setup, price is holding firmly above the 50D, 100D, and 200D SMA . Here’s why this matters: 50-Day SMA : Represents short-term trend. Interestingly, the stock has now tested the 50D SMA thrice and held each time , showing strong buyer interest and reinforcing bullish momentum. 100-Day SMA : Reflects medium-term structure; price above this confirms that buyers dominate the broader swing. 200-Day SMA : The long-term benchmark; trading above this signals the stock is firmly in an uptrend. When price stays above all three moving averages, it shows alignment across short, medium, and long-term trends — a powerful confirmation that bulls are in control. Trade Plan : Entry : On breakout above neckline or on a pullback retest of neckline as support. Target : ₹4219 (measured move objective from the double bottom pattern). Risk Management : Stick to disciplined sizing; risk no more than 1–2% of trading capital.
NSE:KEILong
by peace_lover
HUDCO: Bounce or Just a Pause Before More Pain?After topping near ₹353.70, HUDCO has been working its way lower in what looks like a complex W–X–Y corrective structure on the weekly timeframe. Wave W ended at ₹158.85, completing a sharp three-wave decline. The subsequent rebound into ₹253.75 unfolded as Wave X, forming a triangle-like structure and stalling right at the resistance zone. From there, price started its Wave Y decline. At the current stage: Price has found temporary support near the 100-week SMA. Last week’s candle printed a Bullish Engulfing pattern, hinting at a possible Wave (b) bounce in progress. However, as long as HUDCO trades below the invalidation level of ₹253.75, the broader expectation still favors another leg lower into Wave (c) of Y. In short, the bounce could provide some relief, but the larger corrective structure may not be complete yet. Invalidation: Above ₹253.75. Bias: Bearish until proven otherwise. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:HUDCOShort
by WaveXplorer
Power Finance Corporation – Complex Correction Still in PlayAfter topping out near ₹580, Power Finance Corporation (PFC) has been locked in a prolonged corrective structure. The price action since mid-2023 suggests a triple correction (W-X-Y-X-Z) , with the final leg (Wave Z) now unfolding. Technical View Price broke down from a rising channel and is currently retesting the underside of that channel – a classic setup to watch for continuation. Wave (c) of Z appears to be in progress, keeping the near-term bias tilted bearish unless price crosses above ₹438.35 (invalidation level). A potential termination zone lies around ₹250–225, aligning with the highlighted support cluster. RSI is hovering in the mid-40s, showing lack of upside strength and leaning toward further weakness. Summary Bias remains bearish while below ₹438.35. A deeper leg into the ₹250–225 support cluster cannot be ruled out before this complex correction completes. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:PFCShort
by WaveXplorer
Caution ahead of US PPI report | Priority on Sell setups🟡 XAU/USD – 10/09 | Captain Vincent ⚓ 🔎 Captain’s Log – Market Context US 10-year bond yields rebound, signaling the market is awaiting key inflation data. At 07:30, US PPI report will be released – a crucial figure that could strongly influence FED rate expectations. Investors are also eyeing US CPI in the coming days to assess the inflation outlook. The US Supreme Court accepted Trump’s appeal, but this news has not yet had a notable impact on Gold. ⏩ Captain’s Summary: Ahead of inflation data, Gold often tends to correct lower due to cautious sentiment. 📈 Captain’s Chart – Technical Analysis Storm Breaker (Key Resistance): Bearish OB: 3654 – 3660 (short-term upper cap) ATH Watchtower: 3700 – 3702 (Sell Zone – possible new ATH test) Golden Harbor (Strong Support): Buy Zone: 3601 – 3602 OB Dock: 3582 – 3585 Currently, price is around 3640 – 3645, after a technical rebound from support. High probability that Gold will retest nearby resistance before a downward correction. 🎯 Captain’s Map – Trade Scenarios ⚡ Quick Boarding (SELL – Daily Priority) Entry 1: 3654 – 3660 SL: 3668 TP: 3654 → 3650 → 3618 → 3610 Entry 2 – ATH Test: 3701 – 3703 SL: 3711 TP: 3688 → 3675 → 3665 → 365x ✅ Golden Harbor (BUY – Only at deep support) Buy Zone: 3601 – 3603 SL: 3592 TP: 3610 → 3620 → 3630 ⚓ Captain’s Note “The golden ship faces turbulent seas today as it sails near Storm Breaker 🌊 (3654 – 3660) . Before the fierce winds called US PPI , sailors should prioritize dropping anchor with short-term SELL positions at resistance. Golden Harbor 🏝️ (3601 – 3603) remains a safe haven below, but only when the ship corrects deeply should it dock. On this voyage, Quick Boarding 🚤 is for scalp maneuvers, while the main current is still steered by the stormy waves of inflation.”
OANDA:XAUUSDLong
by CaptainVincent
TVS Holdings (Daily Timeframe) - Can we expect new ATH ??TVSHLTD BrokeOut of a major resistance that formed since Nov 2024. On a daily basis, the stock did retest the trendline and moved up today which is a positive indication. This was accompanied with good volume. In the Weekly timeframe the stock is indicating bullish momentum as well as Short-term EMAs are in PCO state. On the upside, we may see the stock reaching 14,495 levels if the momentum continues. While on the downside, it may reach 11,667 levels as well if there is a trend reversal. Keep watching the price-action !!
NSE:TVSHLTDLong
by Learn_with_Pth0mas
XAU/USD – Captain Vincent Update | 15m Outlook🔎 Captain’s Log – Market Structure On the 15-minute timeframe (M15) , price just formed a Break of Structure (BoS) above the previous accumulation zone → confirming temporary control by the Buy side. However, the Bearish Order Block (H1 Zone) around 3655 is being tested, marking a key resistance area. 📈 Captain’s Chart – Bullish Scenario If price holds above the OB zone 3644 – 3655 , buying pressure may continue to push the ship toward the Weak High 3674 . Further ahead, the next destination is Storm Breaker Peak (3701 – 3708) – where strong selling reactions are expected. 📉 Captain’s Chart – Bearish Scenario After sweeping liquidity and touching the Storm Breaker (Sell Zone) , Gold may reverse lower. Key level to monitor: OB 3644 . If this area breaks, the market could open a deeper bearish leg. 🎯 Captain’s Map – Key Levels Golden Harbor (Support) : 3644 – 3655 (OB retest zone) Target (Bullish) : 3674 → 3701 – 3708 Storm Breaker (Sell Zone) : 3701 – 3708 Invalidation : Break below 3644 opens a new bearish journey ⚓ Captain’s Note “The Golden sails have just caught new wind after a BoS , showing that the captain and crew still hold a short-term advantage. Golden Harbor 🏝️ (3644 – 3655) is the key dock to sustain the bullish trend. If Gold clears the Weak High 3674 , the ship may head straight to Storm Breaker 🌊 (3701 – 3708) , where reversal waves are likely to rise. While the short-term tide remains bullish, Storm Breaker still hides major risks – sailors must sail with strict risk management discipline.”
OANDA:XAUUSDShort
by CaptainVincent
Positive Momentum for Maruti SuzukiMaruti Suzuki is currently trading above a significant support level of ₹10,948 and is forming a triangle pattern. A breakout from this formation could lead to a bounce from these levels, potentially reaching the target of ₹13,530. Traders may consider entering at ₹10,942, with a minimum stop-loss placed slightly below the support zone at ₹10,660. Fundamental Analysis of Maruti Suzuki for December 2024 Sales Performance: Maruti Suzuki sold 181,531 units in November 2024, with a significant portion coming from domestic sales. Discount Offers: Year-end discounts are available across various models, enhancing customer incentives and potentially increasing footfall in dealerships. Model Popularity: The Alto K10 and Swift are among the best-selling models this month, contributing to Maruti's strong market presence.
NSE:MARUTI
by DragonFly-Trading
Investment Opportunity in Bajaj AutoBajaj Auto is currently trading around ₹8,600, presenting a potential buying opportunity as it has dropped 30% from its all-time high. This price level aligns with strong support, making it attractive for investors. Fundamental Analysis of Bajaj Auto (2024): Financial Performance: Revenue: Increased from ₹33,145 crore in FY 2022 to ₹44,870 crore in FY 2024. Net Profit: Rose from ₹6,166 crore in FY 2022 to ₹7,708 crore in FY 2024. Profitability Metrics: Operating Profit Margin: Improved from 16% to 20%. Earnings Per Share (EPS): Increased from ₹212.5 to ₹272.7. Market Valuation: P/E Ratio: Approximately 31.27, suggesting a higher valuation. Return on Equity (ROE): Strong at 26.43%. Debt Management: Low debt-to-equity ratio of 6.6, indicating sound financial health.
NSE:BAJAJ_AUTO
by DragonFly-Trading
Apollo Tyres: Potential BounceApollo Tyres is currently positioned at a long-term trendline, which may indicate a potential bounce from these levels. Alternatively, investors might consider waiting for the stock to reach ₹440, a strong support level. The price has dropped approximately 20% from its all-time high. Fundamental Points for Apollo Tyres (2024): Market Capitalization: Approximately ₹33,260 crore. P/E Ratio: Around 19.32, indicating reasonable valuation. Debt-to-Equity Ratio: Low at 35.28, reflecting strong financial health. Return on Equity (ROE): Approximately 13%, showcasing effective profit generation. Sales Growth: Increased to ₹25,378 crore in FY 2024, up from ₹24,568 crore in FY 2023.
NSE:APOLLOTYRE
by DragonFly-Trading
Jaiprakash Power Ventures:Support and Investment InsightsJaiprakash Power is currently at a strong support zone, making it an opportune time for investors to consider entry. There are three entry zones recommended for splitting investments. As a micro-cap stock, it’s advisable to allocate minor capital. Fundamental Points for Jaiprakash Power (2024): Market Capitalization: Approximately ₹12,110 crore. P/E Ratio: Around 8.93, indicating reasonable valuation. Return on Equity (ROE): Approximately 13.68%, reflecting decent profitability. Debt-to-Equity Ratio: Low at 0.33, suggesting sound financial health. Recent Performance: The stock has delivered a profit growth of 39.8% CAGR over the last five years.
NSE:JPPOWER
by DragonFly-Trading
Sundaram Fasteners: Potential Buying OpportunitySundaram Fasteners is currently at a strong support level around ₹1,000, having declined 30% from its all-time high. This presents a potential buying opportunity for investors. Fundamental Points for Sundaram Fasteners (2024): Market Capitalization: Approximately ₹22,566 crore. P/E Ratio: Around 43.26, indicating a premium valuation. Return on Equity (ROE): Approximately 16.33%, reflecting good profitability. Debt-to-Equity Ratio: Low at 0.18, suggesting strong financial stability. Dividend Yield: About 0.64%, providing some income to investors. With solid fundamentals and current pricing near key support levels, Sundaram Fasteners may be an attractive investment opportunity for cautious investors.
NSE:SUNDRMFAST
by DragonFly-Trading
DCB Bank: Potential Bounce at Key Support LevelsDCB Bank is currently positioned at a strong support level, coinciding with a trendline and the Value Area Level (VAL) in the volume profile. This alignment suggests a potential bounce from these levels. If the stock breaks above the trendline and reaches the Value Area High (VAH), a 30% upward movement could be expected. Fundamental Points for DCB Bank (2024): Market Capitalization: Approximately ₹3,621 crore. P/E Ratio: Around 6.36, indicating it may be undervalued. Return on Equity (ROE): Approximately 11.1%, reflecting decent profitability. Gross NPA Ratio: Stands at 3.23%, indicating manageable asset quality. Advances Growth: Reported a year-on-year increase of 19%, showcasing strong loan growth. With solid fundamentals and current pricing near key support levels, DCB Bank presents an interesting opportunity for investors.
NSE:DCBBANK
by DragonFly-Trading
HBL Engineering: Key Support LevelsHBL Engineering is currently at a strong support level, sitting on a trendline, which could indicate a potential bounce. The stock has declined 22% from its all-time high, making it an interesting option for investors. Fundamental Points for HBL Engineering (2024): Market Capitalization: Approximately ₹6,500 crore. P/E Ratio: Around 48.4, indicating a premium valuation. Return on Equity (ROE): Strong at 23.01%, reflecting excellent profitability. Revenue Growth: Impressive annual growth of 62.39%, outperforming historical averages. Low Interest Expense: Less than 1% of operating revenues spent on interest, indicating financial efficiency. With solid fundamentals and current pricing near key support levels, HBL Engineering may present a viable opportunity for investors.
NSE:HBLENGINE
by DragonFly-Trading
Britannia Industries: Strong Support at Long-Term TrendlineBritannia Industries is currently at a significant support level, having touched a four-year long-term trendline. The stock has declined 24% from its all-time high, making it a potential buying opportunity for investors. Fundamental Points for Britannia Industries (2024) Market Capitalization: Approximately ₹1,19,229 crore. P/E Ratio: Around 55.96, indicating a premium valuation. Return on Equity (ROE): Approximately 54.28%, reflecting strong profitability. Dividend Yield: About 1.48%, providing consistent income to investors. Recent Performance: The stock has shown resilience with a recent increase of 3.06% on January 9, 2025.
NSE:BRITANNIA
by DragonFly-Trading
Kalyan Jewelry: Technical Analysis and Investment OutlookFormation of Bat Pattern: Kalyan Jewelry has recently formed a Bat pattern, a bullish reversal pattern that suggests potential price increases in the near future. Strong Support Level: The stock is currently trading at a significant support level around ₹525, which may provide a solid foundation for a price rebound. Decline from All-Time High: The stock has already declined approximately 33% from its all-time high, indicating that it may be undervalued and presenting a buying opportunity for long-term investors. Long-Term Investment Potential: Given the technical indicators and support levels, Kalyan Jewelry appears to be a promising option for long-term investment strategies.
NSE:KALYANKJILLong
by DragonFly-Trading
4