Crisil: The Credit Rating Agency is Set for Significant Growth!
The price is currently on an upward trajectory, characterized by a series of higher highs and higher lows.
After hitting resistance around the 3,740 level, the stock price pulled back but found strong support near the 2,700 level.
It then bounced back and surpassed its previous resistance.
This breakout was significant, as it emerged from the Rounding Bottom pattern that had formed during the consolidation phase.
Following the breakout, the stock price stabilized just above the breakout zone for a while.
Then, with a dramatic surge, the stock reached an all-time high of ₹6200.
However, a wave of selling pressure caused the price to drop back to its trendline support.
At present, the stock price is steadily climbing, indicating promising growth potential.
Swingtradingsetup
Swing1.Current Price: The stock is trading at ₹307.35, up ₹9.45 (3.17%) for the day.
Trendline Breakout:
A downward sloping trendline (orange line) connecting recent lower highs was broken on the upside. This indicates a potential trend reversal to the upside.
Resistance and Support:
Resistance: The stock has crossed the immediate resistance level of ₹302 (blue line). Sustaining above this level could signal further bullishness.
Support: A key support zone is visible at ₹266.65 (orange horizontal line), which acted as a strong floor during pullbacks.
2. Volume Analysis
The volume at the bottom of the chart indicates significant participation during the breakout. Increased volume during an upward move confirms the strength of the breakout.
3. Candlestick Pattern
Recent bullish candles with higher closes and increased volumes signal strong buying interest.
There is no major bearish candlestick that would currently negate the breakout.
4. Possible Scenarios
Bullish Case:
If the stock sustains above ₹302, it can aim for higher targets, with next resistances possibly in the ₹320-330 range based on past price levels.
Positive sentiment in the defense sector, along with Bharat Electronics' leadership in electronic and defense equipment manufacturing, supports the bullish case.
Bearish Case:
If the stock fails to sustain above ₹302, it could revisit support levels near ₹266, which is a critical level for bulls to defend.
5. Conclusion
This chart suggests that BEL has entered a bullish phase after breaking out of its consolidation and downtrend. The breakout above ₹302, supported by strong volumes, indicates a higher probability of an upward trend continuation. Short-term traders can watch for further confirmation of the breakout, while long-term investors might consider accumulating on dips given the company’s strong fundamentals in the defense sector.
AFCONS INFRA - NEWLY LISTED STOCK TO BUY FOR SWINGCan Enter at 510
Target - 580, 660
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Infosys ready for Flag pattern breakout in coming daysNSE:INFY Ready for flag pattern breakout in coming days
Consolidated pattern since many days now ready for breakout in coming days
Follow for more trading signals or analysis.
Target 10% approx
Stoploss 3%
Do as directed in the chart
This is not the trading recommendation or advise 🚨
Do your analysis before taking any step.
BAJAJ HOUSING FINANCE IN A BUYING ZONE SO YOU CAN LOOK ONCE Bajaj Housing Finance In A buying Zone With Good Fundamentals So Buyers Are Active Anytime And its make New All Time High So You can Look Once And can Add In Your Portfolio With Advise of Your Financial Advisor .
So Look The Company More Potential To Groww Rapidaly .
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 .
NURECA - Swing Trade Setup FormedNureca Ltd displays a bullish stair-step pattern with multiple consolidations followed by breakouts. Each consolidation is marked by a decrease in volume, indicating reduced selling pressure, and is followed by a sharp price surge of 15-17% on increased volume.
Key Points:
Consolidation & Breakout: The chart highlights three distinct consolidation phases, each followed by a breakout with strong bullish momentum.
Volume Analysis: During consolidation, volume decreases, suggesting that sellers are losing strength. Volume spikes on breakout days validate the upward movement, indicating strong buying interest.
Entry & Stop-Loss:
Entry: Above ₹374
Stop-Loss: Below the support zone of the consolidation, at around ₹357-₹358.
Target: The immediate target is set at ₹400, representing a potential 15% gain from the entry level.
SONACOMS : Breakout Soon#SONACOMS #breakoutsoon #vcppattern #trendingstock #momentumstock #swingtrade
SONACOMS : Swing trade
>> Breakout soon
>> VCP Pattern
>> Good Strength & Volumes
>> Structure Trading
Swing Traders can lock profit at 10% and keep Trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Bullish Swing Trading Setup in HAVELLS INDIA LTD
Today Havells performed well after breaking it's major resistance of 15 minutes.
My expectation is bullish for few trading sessions but only after a retracement.
If Price retrace then I will have bullish overview for a swing, so it's better find bullish opportunity for upswing. If price sustain above previous resistance which can act as a support.
This is just a overview, I am not recommending to buy or sell. This information is just for educational purposes, remember I am not SEBI REGISTERED
AUBANK - LONG TERM INVESTMENT CANDIDATE ?AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services.
CMP - 565
AUBANK is currently trading in a support zone & looking good for long term investing perspective. I am allocating my investment allocation at CMP.
Targets I'm expecting are 785 & 850 which is 40-48% upside from current level.
My SL would be 500.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
Perfect Trading Setup- BRITANNIA INDSUTRIES LTD Britannia has break the resistance on daily Timeframe and retested previous resistance that has become a good support on 15 minutes timeframe So my overview is very bullish in this FMCG stock.
It's a perfect Price action for a Swing Trading which can be hold for next few days.
Options selling will be my favourite because 26 September is a expiry and premium will decay fast.
I Always trade with a hedge to minimize losses and also use Stoploss.
This is just my overview after analysing and I am not recommending to trade. This is just for teaching and Observing purpose
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)Since last weeks we have seen pharma sector is outperforming and this performance may continue.
As per price action biocon ltd
Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions.
Price should sustain above Trend line then it will be good.
For more confirmation wait for the price to come at resistance level and look for RSI above 70.
If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
BAJAJ FINANCE LOOKING STRONG FOR SWING TRADEBajaj finance is looking good and holding its near resistance levels and above Trend line but Overall market segments are little breaish.
my overview in Bajaj finance is bullish if Price give confirmation.
If nifty retrace more but Bajaj finance holds this level and give a break upside then we can see a good upmove
short term trading opportunity in Orient Cement for > 20% upsideHi,
RANASUG
has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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short term trading opportunity in Indus Tower for > 15% upsideHi,
NSE:INDUSTOWER has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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short term trading opportunity in tnpetro for 20% upsideHi,
NSE:TNPETRO has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Daily, Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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medium term trading opportunity in timken india for huge upsideHi,
NSE:TIMKEN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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short term trading opportunity in iifl sec for huge upsideHi,
NSE:IIFLSEC has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Short term trading opportunity in Bayer cropsci for 15% upsideHi,
NSE:BAYERCROP has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
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Short term trading opportunity in Vindhya Telelink for 20% upsidHi,
NSE:VINDHYATEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
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Short Term Trading Opportunity in Suprajit Eng for 20% upsideHi,
NSE:SUPRAJIT has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
short term trading opportunity in india nippon for 20% upsideHi,
NSE:INDNIPPON has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.