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Supportandresitance

Simple Support & Resistance Strategy on XAUUSDThis chart illustrates a simple but effective support and resistance trading approach. Support Levels: Support 1: Acts as a key demand zone where buyers may step in if price revisits this area. Support 2: A minor intraday support that can provide short-term bounce opportunities. Resistance Levels: Resistance 1: The broader supply zone where sellers previously pushed price lower. Resistance 2: A closer level that may act as a barrier for short-term upward moves. What’s Happening: Currently, price has broken below Support 2 and is testing downward momentum. Two possible scenarios are highlighted: Price retests Support 1, holds, and then bounces back toward Resistance 2. Price fails to hold at Support 1, leading to further downside continuation. Probability Outlook: If buyers defend Support 1 strongly, probability favors a bounce toward Resistance 2. If Support 1 breaks with volume, probability favors a bearish continuation move to lower levels. This setup shows how simple zone-to-zone trading can provide clear potential paths without overcomplication. 👉 Always remember: This is not financial advice, but an educational demonstration of support/resistance principles.
OANDA:XAUUSD
by cryptovarthagam
AETHER Bullish Reversal Setup with Strong Risk-Reward PotentialAether Industries Ltd is showing signs of a potential trend reversal from a well-established support zone, supported by a descending triangle breakout pattern and improving technical indicators. This setup suggests a strong risk-reward opportunity for swing traders and positional investors. ⚡ Key Technical Points: 🔵 Descending Triangle Breakout Potential: The price is nearing a breakout from a long-term descending triangle. A breakout above the trendline (~₹778–₹790) could trigger a strong uptrend. 🟢 Strong Support Zone: ₹700–₹720 has held as solid support multiple times (as marked by green arrows), indicating strong demand at these levels. 🟩 Bullish Divergence on RSI: Relative Strength Index (RSI) is showing higher lows while price remains flat or lower, indicating bullish divergence—a sign of potential reversal. 🟢 Favorable Entries: 735, 720 🔴 Stop-Loss: Below 695 (Strong breakdown confirmation) 📈 Target 1 – 838.05 (Previous key swing high) 📈 Target 2 – 943.60 (Next resistance level from historical price structure) ✅ Why This Is a Technically Strong Setup: ✅ Multiple Support Bounces: 700–720 zone has been tested at least 4 times in the last year, showing strength. ✅ Volume-Based Reactions: While volume is low now, past spikes at support zones suggest institutional interest. ✅ Clear Risk Management: Stop-loss is tight (~6–7%) with targets offering 1.5–3x risk-reward potential. ✅ Potential Trend Reversal: Break above descending trendline and moving averages could signal a shift to bullish structure. ✅ Long Base Formation: The stock has been consolidating for over a year—long base formations often lead to explosive moves. 📢 Disclaimer: This is not financial advice. Always do your own research or consult with a professional before making investment decisions.
NSE:AETHERLong
by Pattern_Ninja
APOLLOHOSP - TECHNICAL ANALYSIS________________________________________________________________________________ 📈 Apollo Hospitals Enterprises Ltd. (APOLLOHOSP) – TECHNICAL ANALYSIS 📆 Date: June 28, 2025 | Timeframe: Daily Chart 🔍 For Educational Purposes Only ________________________________________________________________________________ 📊 Structure Overview • Pattern: Rounded "W" Base Breakout • Breakout Level: ₹7,324 • Current Price: ₹7,308.50 (pullback after breakout) • Volume: 523.58K vs avg. 456.66K – confirming breakout strength • Trend Bias: Bullish (as long as price sustains above ₹7,176–₹7,043) ________________________________________________________________________________ 📌 Key Zones 🔺 Top Range Resistance: ₹7,545.35 📛 Possible Supply Zone: ₹7,545.35–₹7,345.20 | SL: ₹7,553.15 🟧 Consolidation Zone: ₹6,750–₹7,300 🟩 Demand Support: ₹7,176 / ₹7,043 / ₹6,969 🔻 Bottom Support Range: ₹6,001 (long-term demand base) Resistance Levels: • ₹7,382.5 • ₹7,456.5 • ₹7,589.0 Support Levels: • ₹7,176.0 • ₹7,043.5 • ₹6,969.5 ________________________________________________________________________________ 🧠 Technical Signals ✔️ Rounded W pattern breakout ✔️ Bollinger Band expansion (BB Squeeze OFF) ✔️ RSI around 62 – showing strength ✔️ SuperTrend & VWAP supportive during breakout ✔️ Sectoral tailwind: Hospitals gaining traction in current market narrative ________________________________________________________________________________ 🎯 STWP Educational Trade Plan (For Study Only) • Entry (Breakout Retest): ₹7,324 • Stop Loss: ₹6,989 • Risk: ₹335/share • Position Size: 50 shares • Risk-Reward Ratio: 1:1 | 1:2+ 📌 Setup Logic: Volume-backed W Breakout + Consolidation Range Break + Sector Strength ________________________________________________________________________________ ⚠️ Cautionary Notes • Breakdown below ₹7,043 = weakening structure • If price gets rejected at ₹7,456, sideways action likely • Always track volume + RSI for divergence signs ________________________________________________________________________________ 📢 Disclaimer This is a study-based chart analysis shared for educational purposes only. It is not a buy/sell recommendation. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making any investment decisions. ________________________________________________________________________________ 💬 Your Turn: Do you think ₹7,545 will break or will price revisit ₹7,000 first? 👇 Drop your view or chart in the comments — let’s grow together! ________________________________________________________________________________ STWP | Learn. Trade. Grow. ________________________________________________________________________________
NSE:APOLLOHOSPLong
by simpletradewithpatience
UNOMINDA – Daily Timeframe Breakout Idea (Resistance Zone Break)UNO MINDA LTD. has shown a breakout above a key horizontal resistance level on the daily chart, accompanied by a nearly 1.5 times volume surge near the breakout, as seen earlier, supported by strong momentum. 🔍 Breakout Context: - Price might break above the ~₹1110 horizontal resistance, which had held for over 6 months. - Breakout supported by more than average volume and just above average range near the resistance zone. - The price is also trading above both the 50- and 100-day SMAs, indicating strong trend continuation. - This aligns with a bullish continuation setup. 📉 Trade Plan: - CMP: ₹1093 - Entry: Near ₹1112 - Target: ₹1188 (~7% upside from CMP) - Stop-Loss: ₹1082 - Risk-Reward Ratio: ~1 : 2.0 📌 Note: - Look for a confirmation candle to enter the trade. - Avoid chasing the extended move unless confident in intraday momentum. ⚠️ Disclaimer: This post is for educational purposes only and not financial advice. Always do your research or consult a financial advisor before trading.
NSE:UNOMINDALong
by ashutoshanand30
KIMS – Daily Timeframe Breakout Idea (Resistance Zone Break) KRISHNA INSTITUTE OF MEDICAL SCIENCE has shown a breakout above a key horizontal resistance on the daily chart, accompanied by a ~2x volume surge, supported by strong momentum. 🔍 Breakout Context: - Price broke above the ~692.20 horizontal resistance, which had held for over 2 months. - Breakout supported by <2x average volume and just above average range on the breakout candle. - The price is also trading above both the 50- and 100-day SMAs, indicating strong trend continuation. - This aligns with a bullish continuation setup. 📉 Trade Plan: - CMP: ₹694 - Entry: Near ₹695 - Target: ₹746 (~7.25% upside from CMP) - Stop-Loss: ₹669 - Risk-Reward Ratio: ~1 : 2.0 📌 Note: - Avoid chasing the extended move unless confident in intraday momentum. ⚠️ Disclaimer: This post is for educational purposes only and not financial advice. Always do your research or consult a financial advisor before trading.
NSE:KIMSLong
by ashutoshanand30
TRENT LTD – INTRADAY ZONE ANALYSIS________________________________________________________________________________ 📈 TRENT LTD – INTRADAY ZONE ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: 15-Minute Chart 🔍 Educational Analysis for Learning Purposes Only ________________________________________________________________________________ 📊 Zone Breakdown: • 🔴 Top Range Resistance – 6,261 Marked in Red: This is a key supply zone where the price has previously stalled. Traders should watch for bearish reversal candlestick patterns like a bearish engulfing, evening star, or long upper wick rejection. A lack of follow-through volume here may indicate exhaustion. • 🟠 Neutral Zone – Avoid Trade Area (6,155 – 6,210) Marked in Orange: Price tends to be indecisive here. This is a “no trade zone” unless supported by a strong trend direction and setup. Historically, it has shown sideways movement and choppy behaviour. • 🟢 Demand Zone – 6,105 to 6,066.50 | SL: 6,058.10 Marked in Green: Price reacted sharply from this zone with rising volume. A bullish engulfing candle confirmed demand here. Ideal for watching pullback opportunities on re-tests, supported by bullish confirmation candles. • 🟩 Bottom Support – 5,968 A strong base level. A breakdown below this zone may signal a shift in short-term structure. Look for volume spike and wide-bodied red candle for bearish confirmation. ________________________________________________________________________________ 🔍 Candlestick Observation: At the Top Resistance Zone (6261), recent candles show upper wicks and indecision, but no strong bearish reversal yet. Volume is elevated, signaling activity, but candles show hesitation. 🧠 Interpretation: This could be an early sign of supply pressure. A follow-up bearish engulfing or strong rejection candle may validate a reversal. Until then, price may consolidate within the zone. ________________________________________________________________________________ ⚙️ Educational Trade Ideas (Study Purpose Only) ▶️ Reversal Setup – Bearish Bias • Entry: Below ₹6,190 on confirmation candle from resistance zone • Stop Loss: Above ₹6,265 • Risk-Reward: 1:1 | 1:2 + • 🧠 Ideal for learning how price reacts to supply after a sharp rally ________________________________________________________________________________ ▶️ Pullback Setup – Bullish Bias • Entry: Near ₹6,100–₹6,110 on bullish confirmation from demand zone • Stop Loss: ₹6,058 • Risk-Reward: 1:1 | 1:2 + • 🧠 A classic “Breakout–Retest–Continuation” setup with proper risk management ________________________________________________________________________________ ⚠️ Disclaimer (SEBI-Compliant): This content is shared strictly for educational and informational purposes only. It does not constitute investment advice or a trading recommendation. Always consult a SEBI-registered financial advisor before making investment decisions. STWP | Learn. Trade. Grow. ________________________________________________________________________________ 💬 What do you think about this TRENT setup? Did you observe any volume divergence or trendline reaction? 👇 Drop your insights in the comments — let’s grow together! ________________________________________________________________________________ Bonus:
NSE:TRENTLong
by simpletradewithpatience
BLUE STAR LTD. – TECHNICAL ANALYSIS📈 BLUE STAR LTD. – TECHNICAL ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: Daily Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________________________________________________ 🔹 Price Action Zones • 🔴 Top Range (Resistance): 2417 • 🟢 Bottom Range (Support): 1521 ________________________________________________________________________________ 🔹 Chart Pattern: ✅ Rectangle/Box Consolidation Breakout – Price was range-bound in a tight zone and has given a strong breakout on high volume, indicating bullish intent. ________________________________________________________________________________ 🔹 Reversal Candlestick Patterns • Top Range (2417): ⛔ No recent candlestick activity visible at the top range. • Bottom Range (1521): Todays Candle ✅ Bullish Engulfing + Strong Bullish Candle ✅ RSI Bounce + Volume Spike ✅ Confirmed by Price Action and Momentum Indicators ________________________________________________________________________________ 📊 Trade Plan (Based on Reason and Logic) 🔼 Bullish Trade Setup: • Entry: 1715 (Breakout Candle Close) • Stop Loss: 1614.45 (Below consolidation and bullish candle) • Target 1: 1850 • Target 2: 1980 • Reason: o Strong breakout with above-average volume o Multiple confirmations (RSI, Bollinger Band, Supertrend) o Box breakout with previous supply cleared ________________________________________________________________________________ 🔽 Bearish Trade Setup: • If price fails to sustain above 1715 and closes back below 1680 zone • Entry: Below 1665 (Fakeout confirmation) • SL: Above 1715 • Target: 1615 / 1550 • Reason: Potential failed breakout & liquidity trap ________________________________________________________________________________ 📌 Disclaimer This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation. ________________________________________________________________________________ 💬 Comments What’s your view on Britannia? Drop your thoughts and chart setups ________________________________________________________________________________
NSE:BLUESTARCOLong
by simpletradewithpatience
6
BHARAT FORGE LTD. – INTRADAY ZONE ANALYSIS________________________________________________________________________________ 📈 BHARAT FORGE LTD. – INTRADAY ZONE ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: 15-Minute Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________________________________________________ 🔹 Price Action Zones 🔴 Top Range(Resistance): 1324.50 🟢 Bottom Range(Support): ₹1270 ⚪ No Trade Zone: Mid-range, no clear directional bias ________________________________________________________________________________ 🧩 Chart Pattern: No There is no visible or marked chart pattern (e.g., flag, triangle, head and shoulders) on the chart. ________________________________________________________________________________ 🔁 Reversal Candlestick Patterns: 🔴 Top Range: No visible reversal candle pattern at the supply zone on this chart snapshot, but the area has been marked for potential rejection. 🟢 Bottom Range: No textbook reversal candlestick (like pin bar, hammer, or engulfing) is clearly visible at ₹1270. However, the price bounced strongly from this level, indicating possible short-term support or buyer interest. ________________________________________________________________________________ 🧠 1. Trade Plan (Based on Reason and Logic) 🔼 Bullish Trade: Idea: If price retests ₹1270 and forms a bullish structure (strong bullish candle, reversal candles, volume support, long wick) Stop Loss: Below ₹1269 Risk-Reward: 1:1 | 1:2+ Logic: you need to give an actual logic to this ________________________________________________________________________________ 🔽 Bearish Trade: Idea: If price rejects 1324.50 and forms a bearish structure (strong bearish candle, reversal candles, volume support, long wick) Stop Loss: ₹1325 Risk-Reward: 1:1 | 1:2+ Logic: Historically rejected area as marked on chart. ________________________________________________________________________________ 📦 2. Trade Plan Based on Demand/Supply Zones 🟥 Supply Zone Trade: Zone: ₹1293.30 – ₹1299.90 SL: ₹1301.45 Plan: Trade the Supply Zone (only on rejection confirmation) Risk-Reward: 1:1 | 1:2+ 🟩 Demand Zone: No defined demand zone. ________________________________________________________________________________ 📌 Disclaimer This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation. ________________________________________________________________________________ 💬 Comments What’s your view on Bharat Forge? Will it reject from the supply zone or hold the bottom range? Share your charts or thoughts below 👇 ________________________________________________________________________________
NSE:BHARATFORG
by simpletradewithpatience
3
SIEMENS LTD. – INTRADAY ZONE ANALYSIS________________________________________ 📈 SIEMENS LTD. – INTRADAY ZONE ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: 15-Minute Chart 🔍 Educational Analysis for Learning Purposes Only ________________________________________ 📊 Zone Breakdown: • 🔴 Top Range Resistance – 3,271.90 Marked in Red: This is a clearly defined supply zone where the price faced sharp rejection after testing highs. Bearish opportunity zone if a reversal pattern appears — watch for signs like bearish engulfing, double top, or rising volume + long upper wicks. • 🟠 No Trade Zone – Around 3,225–3,260 Marked in Orange: This range has seen volatile, choppy action without clear bias. Traders may avoid fresh positions here unless directional strength emerges with volume confirmation. • 🟢 Demand Zone – 3,182.60 to 3,165 | SL: 3,160.35 Marked in Green: Price reversed sharply from this area in the past with strong bullish candles. Acts as a low-risk buying area on retest with bullish confirmation. Risk-managed entries possible here. • 🟩 Bottom Support – 3,101.10 Marked in Dark Green: Crucial structural support zone. Breakdown below this level could change the short-term trend to bearish. Currently a “last line of defense” for bulls. ________________________________________ 🔍 Candlestick & Chart Pattern Observation: ✅ Bearish Rejection Near Top Zone: A strong upper rejection candle (long wick) appeared right at the top resistance (3,271.90), followed by consistent lower highs and lower closes. This confirms seller presence. No double top yet, but early signs of a potential short-term top formation are visible. ✅ Bullish Reversal from Demand Zone: The candle near 3,170 zone shows a sharp bullish engulfing move on higher volume — signaling potential institutional interest. This zone has repeatedly offered bounce opportunities. 📉 Volume Clue: Volume expanded during the bounce from demand zone and tapered near resistance — confirming participation during dips and caution near highs. ________________________________________ ⚙️ Educational Trade Ideas (Study Purpose Only) ▶️ Reversal Setup – Bearish Bias • Entry: Below 3,245 on bearish continuation candle • Stop Loss: Above 3,272 (Top Range) • Risk-Reward: 1:1 | 1:2+ ________________________________________ 🧠 Ideal for studying exhaustion after a resistance test and confirmation through lower highs. ▶️ Pullback Setup – Bullish Bias • Entry: Between 3,170–3,182 (Demand Zone) • Stop Loss: 3,160.35 • Risk-Reward: 1:1 | 1:2+ 🧠 Classic demand zone bounce setup. Strong volume + engulfing candle supports bullish case. ________________________________________ ⚠️ Disclaimer (SEBI-Compliant): This content is strictly for educational and informational purposes. It is not investment advice or a recommendation to buy/sell any securities. Always consult a SEBI-registered financial advisor before making any financial decisions. STWP | Learn. Trade. Grow. ________________________________________ 💬 Do you think the top is strong enough for a short? Or will bulls take control at demand again? Drop your thoughts and analysis below ⬇️ ________________________________________
NSE:SIEMENS
by simpletradewithpatience
1
ASIAN PAINTS LTD. – INTRADAY ZONE ANALYSIS________________________________________________________________________________ 📈 ASIAN PAINTS LTD. – INTRADAY ZONE ANALYSIS 📆 Date: June 29, 2025 | ⏱ Timeframe: 15-Minute Chart 🔍 Educational Analysis for Learning Purposes Only ________________________________________________________________________________ 📊 Zone Breakdown: • 🔴 Top Range Resistance – 2,364.50 Marked in Red: This is a potential supply zone, where price may face resistance after a strong move up. Ideal for observing bearish reversal patterns like a shooting star, bearish engulfing, or a doji — especially if volume drops or candles show exhaustion. • 🟠 Neutral Zone – Avoid Trade Area (2,320–2,340) Marked in Orange: Historically indecisive. Avoid trades here as price often moves sideways or with false breakouts. • 🟢 Demand Zone – 2,302.90 to 2,293.70 | SL: 2,292 Marked in Green: Price broke out with strong volume from this area. A retest may offer bullish pullback opportunities with proper confirmation candles. • 🟩 Bottom Support – 2,275.40 Important base level. Breakdown below this zone may change overall short-term bias. ________________________________________________________________________________ 🔍 Candlestick Observation: At the resistance zone, the last candle shows slight upper rejection and reduced body size. 🧠 Interpretation: A possible early signal of exhaustion. Traders can watch for confirmation via volume drop or follow-up bearish candle for a short bias — or wait for breakout strength for long continuation. ________________________________________________________________________________ ⚙️ Educational Trade Ideas (Study Purpose Only) ▶️ Reversal Setup – Bearish Bias • Entry: Below ₹2,358 on bearish candle confirmation • Stop Loss: Above ₹2,365 • Risk-Reward: 1:1 | 1:2+ • 🧠 Ideal for studying price rejection after a rally into resistance ________________________________________________________________________________ ▶️ Pullback Setup – Bullish Bias • Entry: Near ₹2,300 with bullish confirmation at demand zone • Stop Loss: ₹2,292 • Risk-Reward: 1:1 | 1:2+ • 🧠 Useful example of “breakout → retest → continuation” pattern ________________________________________________________________________________⚠️ Disclaimer (SEBI-Compliant): This content is shared strictly for educational and informational purposes. It is not investment advice or a trading recommendation. Please consult a SEBI-registered financial advisor before taking any investment decisions. STWP | Learn. Trade. Grow. ________________________________________________________________________________ 💬 What do you think about this setup? Did you observe any other key patterns or zones? 👇 Drop your thoughts in the comments — let’s grow together! ________________________________________________________________________________
NSE:ASIANPAINT
by simpletradewithpatience
ACE Construction Ltd : Rounding Bottom Chart PatternACE Construction Ltd has been consolidating in a broad sideways range between ₹1,150 to ₹1,600 since February 2024. The price action has clearly defined support and resistance levels, with ₹1,150–₹1,200 acting as a strong accumulation zone and ₹1,550–₹1,600 serving as a firm resistance, where selling pressure consistently emerges. Technical Pattern Observed (Hourly Timeframe): A Rounding Bottom pattern has been identified on the hourly chart, which is a bullish reversal pattern, indicating a shift from bearish to bullish sentiment. Neckline Breakout Level: ₹1,300 (confirmed) Breakout Confirmation: Price closed above neckline with volume support Target Estimation (Measurement Rule): Target 1: ₹1,450 Target 2 (Final): ₹1,550 Stop Loss: ₹1,260 (last swing high before breakout, risk-managed level) Momentum & Trend Indicators: Multi-EMA Bullish Crossover: Multiple exponential moving averages have aligned in a bullish formation, signaling trend continuation. Relative Strength Index (RSI): Currently above 60, reflecting strengthening momentum and buyer dominance. Fundamental Context: ACE Construction Ltd remains **fundamentally strong** with robust financials and growth visibility. The current price level provides an **attractive valuation**, further supporting the bullish technical setup. Conclusion: The current technical setup presents a high-probability bullish opportunity in ACE Construction Ltd. The completion and breakout of the rounding bottom pattern, supported by bullish momentum indicators and favorable valuation, make a strong case for upward price movement towards ₹1,450–₹1,550 in the near term.
NSE:ACELong
by Arvind_Share_Academy
Bombay Dyeing : Market Cycle Recap✅ 1. Markup Phase (4 June 2024 – 25 July 2024) Price movement: ~80% rally. 1. RSI behavior: RSI stayed above neutral (never oversold), frequently nearing overbought. 2. Volume: Increasing — confirmation of strong upside momentum. 3. Participants: Smart money and institutions led the rally. 🚨 2. Distribution Phase (~6 Months) Price action: Sideways movement in a 20% range 1. Volume: Likely choppy or decreasing, with spikes on down days — a classic distribution sign. 2. RSI: Range-bound between 40–60 — no trend, loss of momentum. 3. Participants: Institutions unloading to retail/inexperienced participants. 🔻 3. Markdown Phase Breakdown: Support breached after distribution range. 1. Price movement: Dropped ~50% from support breakout. 2. RSI: Frequently oversold — sign of strong weakness. 3. Volume: Likely increased on down days — panic selling. 🧱 4. Accumulation Phase (Last 3 Months) Price action: Consolidated in ~15% narrow range. 1. RSI: Did not touch oversold zone — indicates seller exhaustion. 2. Participants: Value investors, smart money slowly building positions. 3. Volume: Gradually increasing — early signs of interest. 🔔 Current Technical Signal (20 May 2025) Breakout: Price has now closed above the resistance of the accumulation range. Volume: Above-average — confirms breakout strength. 1. RSI: Approaching overbought zone — sign of bullish momentum returning. 2. Price is above 20 EMA and 50 EMA. 3. Expected bullish crossover or confirmation already happened. 📊 Interpretation: Strong Bullish Reversal in Progress Smart money has likely finished accumulating. Breakout from the accumulation zone with volume, RSI trend, and moving average confirmations all suggest the early stage of a new markup phase is starting. This could be the start of a fresh uptrend or the first leg of a longer bullish swing, especially if: Broader market supports cyclical or value stocks. Company-specific fundamentals (earnings, business outlook) align with technical cues. ✅ Actionable Steps (Not Financial Advice) Entry: Traders: Consider entry near breakout retest (if occurs). Investors: Start building position gradually if long-term reversal is confirmed. Risk Management: Stop-loss: Just below the accumulation range (tight) or recent swing low (looser). Position sizing based on volatility and risk appetite. Targets: Near-term: 15–20% move based on accumulation range height. Medium-term: 50–80% potential if this is a true markup phase (mirroring last cycle). Confirmation Factors: Look for increasing volume in subsequent up candles. Weekly close above breakout zone. Fundamental support (news, earnings upgrade, insider buying, etc.). If you'd like, I can also: Draw a price cycle chart based on your description. Help you draft a trade plan or investment thesis. Pull recent news or updates on Bombay Dyeing (using live data). Let me know how you'd like to proceed!
NSE:BOMDYEINGLong
by Arvind_Share_Academy
DIXON: Trading strategy for nre uptrend.Dixon: The price is projected to test the support range of 14825-14635, and from there price will possibly reverse to reach the upside targets of 17687 and 18357 for the longer term. If the price before testing the support breaches immediate resistance, the buying entry will be the same level (but the validation of this level is a must), for the given upside targets. RSI suggest the test of support first as it has breached the 50 mean level.
NSE:DIXONLong
by AbsoluteAnalytics
Massive Breakout Loading? GOKEX Smashes Through Triple TimeframeGOKALDAS EXPORTS LTD (GOKEX) is showing serious strength with a powerful breakout candle currently in play – but the real story is the multi-timeframe technical alignment: 📏 MTF Structure Yellow Parallel Channel from Monthly shows a long-term structure still intact. Red Horizontal Resistance marks the previous MTF peak – now under threat. 🔻 WTF Pressure Pink Counter-Trendlines acted as significant resistance on the Weekly – both pierced. ⚡ DTF Precision White CT Line (Daily) finally broken with conviction. Dotted White Lines reveal multiple hidden resistances — all cleanly taken out by today's surge. 📊 Volume & Candle Strength Volume spiking, price up over 16% intraday — just waiting on confirmation at close. 🧠 Watch Closely: A close above today’s highs could flip this into a full-blown A+ breakout setup.
NSE:GOKEXLong
by Averoy_Apoorv_Analysis
2
Prestige Estate – Bullish Structure DevelopingPrestige Estate – Bullish Structure Developing After Prolonged Correction 📅 Date: April 16, 2025 📈 Chart Type: Daily | Exchange: NSE 💡 Purpose: Educational Analysis 🔍 Price Action Overview After an extended downtrend, Prestige Estate appears to be forming a potential trend reversal structure. A strong bullish candle has emerged from a key support zone, accompanied by multiple technical confirmations that indicate renewed buying interest. 📌 Key Technical Highlights 📉 Downtrend Line Break: The stock has convincingly broken above a descending trendline, indicating a potential shift in trend dynamics. 📊 Indicators Triggered: ✅ RSI Breakout: Momentum is turning positive. ✅ MACD Crossover: Bullish signal crossover observed. ✅ Bollinger Band Squeeze Off: Suggests upcoming volatility with a directional move. 📍 Volume Surge: A notable spike in volume supports the strength of the breakout candle. 🧱 Support and Resistance Zones 🟢 Support Levels: S1: ₹1148 S2: ₹1098 S3: ₹1071 Broad Support Zone: ₹1000–1050 (marked as Weak Support) 🔴 Resistance Levels: R1: ₹1272 (Pattern Entry Level) R2: ₹1252 R3: ₹1302 Major Resistance: ₹1900–2000 (Long-term supply zone) 🔄 Entry Reference Levels (For Educational Illustration Only) ✳️ Early Entry Reference: Above ₹1203 A close above ₹1203 indicates sustained strength and potential continuation. 🧩 Pattern Breakout Entry Reference: Above ₹1272 A breakout above ₹1272 could confirm a larger reversal pattern with room to test higher resistance levels. ⚠️ Important Disclaimer This analysis is strictly for educational purposes and aims to help readers understand price structure, support/resistance zones, and indicator alignment. It does not constitute investment advice or a buy/sell recommendation. Always consult a registered financial advisor before making any investment decisions. Market participation involves risk and capital protection should be a priority. 📘 Conclusion Prestige Estate is currently at a critical juncture where momentum indicators, volume, and price action are aligning for a potential upside continuation. Close monitoring of key breakout levels and market conditions will be crucial for informed decision making. 🔔 Let us know your thoughts in the comments – Do you see strength sustaining above ₹1203? 📊 Poll: Will Prestige Estate reclaim ₹1300 in the coming weeks?
NSE:PRESTIGELong
by simpletradewithpatience
Midcap ETF forming Dual Rounding PatternThe ICICI Prudential Midcap ETF is currently exhibiting a technically significant dual rounding pattern on its chart, with one smaller rounding top pattern nested within a larger, longer-term rounding formation. The 21 level has emerged as a strong support zone. A breach of this level would likely activate the smaller rounding top pattern, potentially leading to a further decline toward the 19 level. The ETF initially displayed a bullish structure characterized by higher highs and higher lows, but has now shifted to forming lower highs and lower lows, a common early indicator of a trend reversal from bullish to bearish. This suggests that while the market is in the early stages of this reversal, it's too soon to definitively call the transition. Volume analysis plays a crucial role in confirming price action, as volume tends to be a more reliable indicator. In the recent chart movement, a clear volume divergence was observed during the last upward move, indicating weakening buying interest. Conversely, there has been volume agreement during the recent price decline, further supporting the possibility of a bearish shift. Close monitoring of volume trends will be essential in confirming this potential reversal and avoiding any price manipulation signals. ****Nifty Midcap forming same pattern but we analyze this because we will do Price Volume Analysis***
BSE:MIDCAPIETFShort
by Arvind_Share_Academy
Bearish Pressure vs Bullish Hope: What’s Next for NIFTY 50?The NIFTY 50 is showing signs of indecision as it trades near critical resistance and support levels. Will the index break out of its consolidation or head for a deeper correction? Key Points: 1. Resistance Zones: - 23,605.30 - 23,550.00 - 23,498.70 - 23,444.95 - 23,383.25 - 23,322.75 2. Support Levels: - 23,259.75 - 23,206.45 - 23,180.00 - 23,138.60 - 23,100.00 - 23,071.85 - 23,006.70 3. Current Setup: The index is trading within a descending trendline resistance, creating a lower high pattern. Support at 23,206.45 is critical, as a breakdown below this level may trigger further downside. A breakout above 23,322.75 could open the path for bullish momentum. How to Trade This: - Bullish Strategy: Enter long above 23,322.75 with targets at 23,444.95 and 23,605.30. Use a stop-loss below 23,259.75. - Bearish Strategy: Enter short below 23,180.00 with targets at 23,138.60 and 23,071.85. Place a stop-loss above 23,259.75. Bottom Line: The market is at a pivotal point, and traders should watch for confirmation of a breakout or breakdown. A decisive move will determine the next direction for the NIFTY 50. Stay cautious and trade with well-defined levels. NSE:NIFTY1! Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1