Reliance - Price action channel + Candlestick + RSIKey Observations from the Chart
Channel Structure -
Both resistance and support lines have been tested multiple times with precise reactions
The most recent price action shows a strong rejection at the lower channel boundary
Candlestick Formation-
This month printed a textbook strong lower wick rejection candle:
Long lower wick indicates buyers aggressively stepping in at support
RSI Confluence-
The RSI tells a compelling complementary story:
Recently retested COVID-era levels (historic oversold territory)
Has since established higher highs and higher lows (bullish structure)
Shows positive divergence with price (RSI making HHs while price tests support)
Swingtrading
NORTHERNARC | Simple Price action Textbook CT breakout confirmed on the Daily chart:
✅ Strong demand zone formation with clear upward push
✅ Multiple volume spikes signaling institutional activity
✅ Clean Counter-Trendline (CT) breakout
✅ Hidden resistance line (dotted) also broken — extra confluence
✅ Immediate supply zone above marked for next watch
Breakout candle closed strong with momentum. Setup aligns with high-conviction strategy criteria — watching price action near supply for continuation or base formation.
SWING IDEA for ASTRAL LTD for upto 10% to 50% in coming days. As the weekly and daily TF were in down trend but it seems like bottom has been formed with the confirmation of double bottom on weekly TF and can be traded either after breakout or another confirmation of the triple bottom confirmation at the trend lines.
#HAPPYTRADING # SWINGTRADING #SWINGIDEAS
this is pure technical analysis.
MOL | One more time - trying to take position with stoplossMOL | One more time - trying to take position with stoploss
As this is my favorite stock, but its under performing for a long time. This setup looks good for 50-60% for short term.
Trendline + Small channel breakout
CMP : 70
SL : 65
Target : 110
Mangalore chemical:(Ready to shoot up); Take a look; Min 50% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ". 👍
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Wait for Breakout & then Daily candle to close above - "135"
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If you want to enter now "Go for it with stoploss".
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Enter after Price Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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POWER GRID - INVERSE HEAD & SHOULDERS BREAKOUTSymbol - POWERGRID
Power Grid Corporation of India Ltd. is a Maha-ratna Public Sector Enterprise and a key player in the Indian power transmission sector. It operates as a central transmission utility and is involved in the planning, implementation, and maintenance of transmission systems across the country.
Recently, the stock has exhibited a notable bullish breakout after forming an Inverse Head and Shoulders pattern. A classic reversal formation signaling a shift from a downtrend to an uptrend. Following the breakout, the stock may witness a retest of the neckline zone, which now acts as a support area - around 300 to 303 range. This zone offers a favorable risk-reward entry for positional investors anticipating further upside.
The projected target from this breakout lies near the 350-355 zone, offering a potential 17-20% upside from current levels, based on the height of the pattern added to the breakout point.
For prudent risk management, a stop loss below 280 is advisable, just below the right shoulder, to protect against unexpected downside.
Overall, the breakout of a well-formed Inverse Head and Shoulders on a higher time frame charts presents a bullish outlook for Power Grid, making it a strong candidate for medium-term investment consideration.
Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
TCI Swing Trade ( 20% upside)Transport Corporation of India (TCI) has started new up-trend on Weekly and Daily time-frame from strong Institutional buying levels.
It is good time to build positions in this stock. Don't go for hard stop loss. Manage position as it can take 1-2 months for the targets to reach and will shake out week buyers in between.
If nifty holds above 23900, TCI has 20% upside potential with 1:7 Risk Reward.
Follow and connect with me for more such setups.
WAAREE ENERGIES LTD - Cup Breakout with Rising RSI⚡ WAAREE ENERGIES LTD – Cup Breakout with Rising RSI
🕒 Timeframe: 1D | NSE: WAAREENER
📅 Date: April 22, 2025
💰 CMP: ₹2,444.20
📈 Volume: 2.15M
🔍 Chart Observations
☕ Cup Formation visible on the daily chart – smooth rounding bottom structure, signifying accumulation.
📐 Breakout from Downtrend Line confirms bullish intent with strong momentum and volume.
🧱 Key Levels
🔵 Resistance Zones (Targets):
₹2,674.55 – recent swing high
₹2,869.00 – key psychological resistance
🔴 Support Level:
₹2,229.60 – neckline of cup & breakout retest zone
📉 Trendline:
Long descending trendline (white) has been broken on the upside
📊 Technical Indicators
📈 RSI (Relative Strength Index)
Currently at 63.93, comfortably in bullish territory
Recent “Bull” label marks bullish RSI divergence & breakout
Still has room to rise before overbought zone
✅ Conclusion
Cup pattern breakout with strong volume & positive RSI = bullish structure
Sustained move above ₹2,444 could invite targets of ₹2,670+ in coming sessions
Ideal setup for swing traders with a clear SL below ₹2,229
📉 Chart by: PriceAction_Pulse
📘 For educational use only. Always DYOR before making any trading decisions.
SBICARD | Monthly Timeframe Analysis🔥 Technical Breakout with a Strong Rejection Wick!
🔸 Parallel Channel Breakout
Price has convincingly broken out of a long-standing parallel descending channel (orange) — a bullish signal indicating a potential trend reversal.
🔸 Counter Trendline Broken
The white counter-trendline was broken earlier, leading to bullish momentum building up gradually. This breakout aligns with classic reversal theory.
🔸 Supply-Demand Flip Zone (Grey Box)
The price action respected the SUPPLY → DEMAND zone beautifully before launching upward, confirming it as a key area of interest.
🔸 Long Wick Rejection Candle
Notice the most recent monthly candle: a long lower wick with a strong body, closing near the highs.
🟠 Parallel Channel
⚪ Counter Trendline
⚫ Grey Supply-Demand Zone
🟥 Top Supply Zone
🟢 Bullish Rejection Candle
Muthoot Microfin LTD – Major Breakout in Play!🟦 Blue Line: 200 DEMA
Still overhead, but the recent price action indicates a potential shift in trend. Price reclaiming above this zone will be another bullish confirmation.
📌 Breakout Highlights:
Counter Trendline Breakout: Price shattered the CT-based trendline with high volume.
W-Bottom Formation: A textbook double bottom structure is visible with neckline breakout.
Green Path: Illustrates the bullish trajectory already played out post breakout.
Red Zone: Key resistance turned support — now a potential demand zone on retest.
Yellow Path: A healthy retest scenario could play out, offering better R:R entries. A pullback to the neckline before continuation would be ideal.
🔔 Keep it on your radar — structure, volume, and trend all align for a bullish bias.
HBL Engineering Ltd 🔍 1D (Daily Timeframe) Analysis: Context and Macro Structure
Structure and Key Zones:
Price is trading at ₹523.40, showing bullish intent after a recent swing low and a clean market structure shift (MSS) around April 1st.
Fair Value Gaps (FVGs) around ₹445–₹475 have been respected with a strong bullish reaction from the OB (Order Block).
There is an old bearish FVG between ₹545–₹565 that is yet to be fully mitigated.
Current price is consolidating under a small internal liquidity zone (marked blue box).
Bias:
Bullish short-term bias as price broke market structure to the upside and is now in a re-accumulation range.
Likely targets include:
Target 1: ₹545 (old supply/FVG zone)
Target 2: ₹565 (full FVG mitigation & potential liquidity sweep above recent highs)
Daily Stop-Loss Ideas:
Below ₹475 (last bullish OB/FVG zone) makes sense if taking swing longs.
⏰ 1H (Hourly Timeframe): Mid-Level Refinement
Observations:
Price made a clean Break of Structure (BOS) and CHOCH indicating a reversal around April 15th.
Strong OB formed near ₹510–₹514, has been tapped into and respected.
Volume Imbalance (VI) around ₹517–₹521 now acting as dynamic support.
Price is now in a tight range under previous high liquidity (PWH zone).
Liquidity Pools:
Above: Weak High & recent equal highs around ₹529–₹532 (magnet)
Below: PDH & OB zones near ₹510 could attract a quick liquidity grab before reversal.
Trade Idea (Intraday to Swing):
Entry Zone: ₹517–₹521 (discount OB + VI)
Stop Loss: ₹510.5 (below 1H OB + liquidity)
Target 1: ₹530 (internal high)
Target 2: ₹545 (daily FVG)
RR: Around 1:2.5 to 1:3
This trade would be based on a liquidity sweep + continuation model — a smart money setup.
⏱ 15M (Execution Timeframe): Entry Precision
Observations:
Multiple CHOCH and BOS signals around the ₹521–₹523 region.
A micro-FVG and a CMSL (consolidated mitigation zone) formed after sharp rally on April 21.
Price is now revisiting this zone, offering an ideal scalp-to-swing entry setup.
Ideal Execution Plan:
Entry Zone: ₹520.5–₹523 (FVG + CMSL)
Confirmation: Look for a bullish engulfing / break of lower timeframe CHOCH in this zone
Stop Loss: ₹518.5 (below VI zone)
Scalp Target: ₹529–₹530 (PWH)
Swing Target: ₹545+ (1D FVG zone)
🧠 ICT + SMC Narrative: What’s the Market Maker Doing?
Liquidity Engineering: The market has engineered equal highs on both 15M and 1H — textbook setup for a liquidity raid.
Displacement + Retracement: Bullish displacement occurred. Now the retrace into an OB/VI zone creates a high-probability re-entry.
Order Flow: Strong bullish OB on 1D and 1H has held. Order flow is bullish.
📌 Summary of Trade Setup
Element Value
Bias Bullish
Entry ₹520.5–₹523
Stop Loss ₹518.5 (tight) / ₹510.5 (swing)
Target 1 (Scalp) ₹530
Target 2 (Swing) ₹545–₹565
Risk:Reward (approx) 1:2.5 to 1:3
Invalidated Below ₹510 (swing bias changes)
SANDUMA-Positional Long trade-Swing tradeStock has rejected trendline multiple times. In next 1-2 session if it holds above 450 and breakout the trendline with bullish candle. Good opportunity to go long.
If it falls below 450, avoid.
Please don't forget click on follow button so you won't miss any upcoming ideas.
Any confusion, feel free to drop msg. Happy to help :)
This is only for educational purpose, please manage your risk accordingly.
Apl Apollo Tube - ReRating Candidate !!??Stock peaked in Sep 2023.. Has been Range bound since almost 2 yrs now.. Interestingly had the best quarter ever last qtr.. Margins are stable and constant through many months.. If margins expand we are looking at a re-rating candidate.. Over all looking very interesting..
ETERNAL(ZOMATO)-Short term/positional long tradeStock has rejected trendline multiple times. From past 2 days it's holding near trendline and gone side ways.
If we see a breakout in 15th Apr'25 trading session it is good opportunity to go long.
Please avoid if goes below 218 or Opens gap down.
Please don't forget click on follow button so you won't miss any upcoming ideas.
Any confusion, feel free to drop msg. Happy to help :)
This is only for educational purpose, please manage your risk accordingly.
Breakout Alert on Ntpc Green LTD🔹 Counter Trendline Breakout (CT BO)
Price action has broken a well-respected counter trendline, indicating a potential shift in momentum from bearish to bullish. This breakout isn’t just symbolic — it's backed by conviction.
🔹 Volume-Based Confirmation
Today's bullish candle comes with significantly high volume, suggesting institutional activity and strong buyer interest. Volume is one of the most critical confirmation tools in breakout trading — and it's speaking loud and clear here.
🔹 Low → Higher Low → Breakout
A major Low was established earlier.
Price then formed a Higher Low Zone, indicating accumulation and a potential trend reversal.
The breakout candle confirms the Higher High – Higher Low (HH-HL) market structure — a classic signal of trend reversal and early uptrend formation.
🔔 Add to your watchlist.
📍 Mark the breakout zone.
📈 Let price action guide your decision.
HINDUSTAN FOODS Swing Trade (Long)Strong buyers entered again trapping the sellers on monthly time-frame and making a liquidity pool.
On daily time-frame price is in up-trend and is going up by sweeping lows.
If Nifty holds current levels of 23000, (ie. if Nifty is not bearish) then there are high chances of
HINDUSTAN FOODS reaching the target levels.
1:5 Risk to Reward
Follow me for more such simple trade setups based on Trend and Liquidity.
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