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Supremeindustries

Supreme Ind (Daily) - Approaching Critical Res ConfluenceAfter a significant uptrend that concluded in June 2024, Supreme Industries entered a corrective downtrend lasting until April 2025. Since then, the stock has shown signs of a bullish reversal by establishing a pattern of higher lows , indicating that buyers are stepping in at progressively higher prices. The Resistance Zone Currently, the stock is approaching a major technical hurdle: a confluence of resistance . This is created by the intersection of a long-term downward-sloping (angular) trendline and a key horizontal resistance level. Multiple recent attempts to breach this zone, though unsuccessful, signal persistent buying interest and a buildup of pressure. Indicator Analysis Positive Signs: Trading volume has been healthy in recent sessions. Furthermore, the short-term Exponential Moving Averages (EMAs) have registered a bullish crossover , confirming positive short-term momentum. Cautionary Signs: A long-term Golden Crossover (50-day SMA crossing above the 200-day SMA) has not yet occurred. This more significant signal would be needed to confirm a durable, long-term trend reversal. Future Outlook & Key Levels The future direction depends on the stock's ability to resolve the battle at the current resistance confluence. Bullish Scenario: A decisive breakout and close above both trendlines would be a strong bullish signal. If this occurs, the stock could rally towards the next target of ₹5,060. Bearish Scenario: If the resistance holds and the upward momentum fades, the stock could pull back to test its support level near ₹4,251. Keep monitoring !!
NSE:SUPREMEINDLong
by Learn_with_Pth0mas
Nested Bullish Patterns Signal Major Breakout!Script: NSE:SUPREMEIND | Timeframe: Daily | Analysis Type: Technical (Pure Price Action) | Patterns: Symmetrical Triangle + Cup & Handle Idea Summary 💡 A powerful, nested pattern setup is concluding on the daily chart! A large Symmetrical Triangle contains a secondary Cup and Handle (Bullish) pattern. This rare confluence signals strong accumulation and suggests an imminent, powerful upside breakout is likely! Chart Pattern Logic 🔍 Primary Pattern (Symmetrical Triangle): Characterized by descending resistance (highs: Dec-18-2024, Jun-17-2025) and ascending support (lows: Apr-9-2025, May-9-2025, Jul-24-2025). Secondary Pattern (Cup & Handle): Formed entirely within the triangle, adding a potent layer of bullish confirmation. Confluence: This pattern-within-a-pattern setup significantly amplifies the potential for a strong upward resolution. Trade Thesis 📈 Price is coiling at the triangle's apex under immense pressure. A decisive break above the upper trendline could ignite the next major bullish impulse phase. Trade Setup ⚡ Direction: LONG 🟢 Entry Trigger: WAIT for a strong Marubozu green candle 🕯️ to close above the triangle's trendline on high volume (min. 1.5x average). Stop Loss: Below the low of the breakout candle. 🛑 Profit Targets: 4700 🎯 | 4800 🎯 | 5125 🎯 Long-Term Target: 6000+ (Extended Target Based on Pattern Confluence & Momentum) 🚀 Risk Management: Trail stops aggressively after Target 1. Got another stock you want me to break down? 📊 Drop the ticker in the comments below! If you found this idea useful, like and follow for more pure price action analysis. Disclaimer: This post/information is solely for educational purposes and should not be construed as a recommendation or financial advice. Trading carries a risk of loss. Please conduct your own research or consult a financial advisor before making any investment decisions. The author and TradingView are not liable for any financial losses incurred based on this content.
NSE:SUPREMEINDLong
by Alert_Trader
Supreme Industries Indicates Potential Momentum Above 5150Details: Asset: Supreme Industries Limited (SUPREMEIND) Breakout Level: Sustaining above 5150 Potential Momentum: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Supreme Industries Limited (SUPREMEIND) has recently given a breakout and sustained above the 5150 level. This breakout could signify a bullish sentiment shift and pave the way for further momentum. Market Analysis: Technical Breakout: Sustaining above 5150 indicates a technical breakout, suggesting increased buying interest and potential upward momentum. Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated momentum in SUPREMEIND. Potential Momentum: With the breakout confirmed, SUPREMEIND may experience further upside momentum in the short to medium-term. Risk Management: Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals. Timeframe: The projected momentum for SUPREMEIND is based on a short to medium-term outlook, but actual timing may vary based on market conditions. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:SUPREMEINDLong
by CyborgTradingHub
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