RIDING THE WAVE - CUP & HANDLE BREAKOUT IN MANAPPURAM FINANCESymbol - MANAPPURAM
CMP - 234.16
Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC.
Manappuram Finance Ltd. has recently demonstrated a significant bullish breakout, having formed a classic cup and handle pattern on a larger time frame and breaking out with strong volume. The cup and handle pattern is a well-regarded bullish breakout formation, and when it occurs on weekly or larger time frames, it tends to be highly reliable, indicating a robust upward momentum.
Currently, the stock price may retest the breakout zone, which coincides with the previous resistance area; now turned support - around the 230 to 217 range. This retest is a natural price action behavior and offers an attractive entry point for long positions before the stock continues its upward trajectory.
The target for this breakout, based on technical projections, is around 350, representing a 60% upside from the current market price. Given the strength of the breakout and the established pattern, this target appears achievable over the medium term.
For risk management, a stop loss can be placed around the 197 level, providing a reasonable cushion in case of a price reversal.
From a broader perspective, the formation of a cup and handle pattern coupled with a successful breakout on higher time frames adds a significant bullish bias to the stock. Investors looking for a favorable risk-to-reward setup may find this an opportune time to initiate or add to their positions in Manappuram Finance.
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!
Technical Analysis
HIKAL LTD - Long-Term Cup & Handle Breakout | Weekly ChartHIKAL LTD - Long-Term Cup & Handle Breakout | Weekly Chart
🕒 Timeframe: 1W | NSE: HIKAL
📅 Date: April 18, 2025
💰 CMP: ₹431.60
📈 Volume: 4.57M
🔍 Chart Highlights
☕ Cup & Handle pattern forming over a multi-year base, suggesting a potential long-term breakout.
📏 Breakout Zone (Resistance):
🟪 ₹440–₹460 (purple zone) – Multiple rejections in the past. Price is now testing this major supply zone.
📉 Downtrend Resistance Line:
Price has broken above the falling trendline, confirming bullish strength.
🟩 Support Levels:
₹400 (recent breakout retest zone)
₹360 (previous structure low)
📈 Resistance Ahead:
₹470 (long wick area)
₹510 (supply zone)
🧠 Technical Indicators
📊 RSI (Relative Strength Index)
RSI at 61.63, approaching the bullish zone
RSI breakout above previous bearish structure
“Bull” and “Bear” labels show previous sentiment shifts
🔔 Conclusion
✅ A classic Cup & Handle breakout on weekly timeframe with strong volume surge
✅ Above key resistance with bullish RSI — suggests potential continuation
⚠️ Watch for sustained close above ₹460 for confirmation
🔍 Chart by: PriceAction_Pulse
📬 For more detailed insights, follow on TradingView
✅ Educational purpose only — DYOR before any investment decision.
Gulshan Polyols Ltd - Downtrend Breakout Attempt!Want more such charts?
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(Gulshan Polyols Ltd)
🗓️ Date: April 18, 2025
🔍 Technical Breakdown:
✅ Breakout in Progress
Stock has been respecting a descending trendline since August 2024.
Price is currently testing the trendline resistance, with today's candle showing a potential breakout.
Closing above this trendline will confirm breakout with short-term bullish bias.
🔄 Support & Resistance Levels
🧱 Support Zone: ₹157.74 – ₹160.56
📉 Resistance Trendline: Around ₹200 – ₹205 zone
📈 Next Resistance: ₹225, followed by ₹250
📊 Volume Analysis
A volume spike of 363.66K supports today’s breakout candle
Indicates strong interest and buying pressure building up near resistance
🧠 Interpretation:
This chart represents a classic trendline breakout structure:
Price forming higher lows
Buyers gradually absorbing selling pressure at resistance
Volume confirming strength
A daily close above ₹205 can be considered as breakout confirmation.
Targets post-breakout could range between ₹225 – ₹250 in coming sessions.
📌 Key Levels to Watch:
Support Zone: ₹157 – ₹160
Breakout Confirmation: Above ₹205
Upside Targets: ₹225 and ₹250
🏢 Company Fundamentals (Snapshot):
Sector: Chemicals & Ethanol
Specialty: Manufacturer of industrial chemicals, ethanol, and food-grade products
Growth Drivers:
Rising demand for ethanol blending in fuel
Diversified product portfolio
Government policy tailwinds on ethanol
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading decisions.
Trump’s Trade Tensions Fuel Safe Haven Demand Amid USD WeaknessGold Analysis: Trump’s Trade Tensions Fuel Safe Haven Demand Amid USD Weakness 💰📈
On April 15, U.S. President Donald Trump ordered an investigation into potential tariffs on critical mineral imports, marking a further escalation in the trade dispute with global partners, especially China. This new wave of tension between the world's two largest economies has caused market sentiment to weaken, pushing investors towards safe-haven assets like gold.
Meanwhile, the U.S. Dollar (USD) has weakened, dropping to its lowest level in three years last week, making gold more attractive for holders of other currencies.
Fed's Stance on Market Volatility: Fed Chairman Jerome Powell indicated that the Federal Reserve will not intervene to "rescue" markets amid heavy volatility, emphasizing that the market is reacting to several uncertainties, particularly the ever-changing trade policies under Trump. Powell believes it's too early to determine what is really causing the volatility, and in the short term, instability could persist, partly driven by hedge funds reducing leverage.
Gold Outlook: Bullish Trend Continues:
Given the current market conditions, it’s evident that gold is likely to continue its upward momentum and reach new all-time highs (ATH). With global financial markets offering little hope for immediate monetary stimulus, as announced by the Fed, gold remains an appealing choice.
Trading Strategy:
Current View: Focus on BUY positions as the market continues to push higher. While we’re trading at ATH levels, sharp pullbacks are normal and can be expected without major news triggers.
Trade Plan: We won’t look for SELL entries at this point, but instead wait for strong market pullbacks to buy. If significant drops occur, we’ll enter BUY positions based on continuation patterns (CP) and key support levels on M15 and M30 charts.
Expected Pullback: After a strong push early in the Asian session today, the price is expected to return to the 331x - 3300 range for potential buy entries.
Key Support Levels:
3314, 3300, 3284, 3266
Key Resistance Levels:
3380, 3396, 3410
Trade Zones:
BUY ZONE: 3300 - 3298
SL: 3264
TP: 3304 - 3308 - 3312 - 3316 - 3320 - 3324 - 3330 - ???
SELL ZONE: 3396 - 3398
SL: 3402
TP: 3392 - 3388 - 3384 - 3380 - 3376 - 3370
Important Reminder:
Focus on securing BUY entries today. Although there could be sudden drops for potential SELL opportunities, they aren’t part of the plan for now. Wait for key resistance levels or psychological barriers set by other traders for potential shorting.
Always adhere to TP/SL levels to ensure your account remains safe. 🛡️
Nifty Bottom Forming? “Be Greedy When Others Are Fearful”Hello Everyone, i hope you all will be doing good in your life and your trading as well. Let's discuss about nifty and analysis some next move.
Guy's after a sharp correction in Nifty, signs of a potential bottom are finally emerging. Yesterday’s price action, supported by strong volume and the appearance of an Abandoned Baby candlestick pattern , indicates that we might have witnessed a key reversal day. The price held firm near a crucial support zone, and with most stocks near 52-week lows, we could be staring at a solid bounce opportunity.
This is exactly when smart money starts accumulating — when fear is high and hope is low. A price rally towards the upper channel resistance looks probable, provided Nifty sustains above the breakout zone.
echnical Highlights:
Reversal Signal: Formation of Abandoned Baby pattern near support
Volume Spike: Indicates possible institutional buying near bottom
Support Zone: Price reversed from key area, aligning with earlier channel lows
Resistance Target: 23,200-23,300 – upper boundary of the falling channel
Market Outlook:
With the broader market showing deep corrections across sectors (some 30–35% down from highs), this zone could be a powerful accumulation range. From Banking, Pharma, Chemicals, to IT and FMCG , many sectors are offering long-term value. As global sentiment improves and short-term panic fades, we may see Nifty lead a recovery move supported by sector rotation.
Rahul’s Tip
Bottoms aren’t confirmed by green candles alone, but by conviction + price behavior near support. Stay calm, follow structure, and let the chart do the talking.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you Found this helpful? Don’t forget to like, share. And Do you think this was the bottom for Nifty? Drop your thoughts and let’s discuss below!
Database TradingIn trading, "database" refers to the collection and organization of market data, used for analysis and decision-making. This data, often including real-time quotes, historical prices, and other relevant information, is stored and managed within a database system for efficient retrieval and manipulation.
Advanced Database TradingIn trading, "database" refers to the collection and organization of market data, used for analysis and decision-making. This data, often including real-time quotes, historical prices, and other relevant information, is stored and managed within a database system for efficient retrieval and manipulation.
RSI ( Relative Strength Index)The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis to measure the speed and change of price movements of an asset. It oscillates between 0 and 100 and is often used to identify potential overbought or oversold conditions. An RSI reading above 70 is generally considered overbought, while a reading below 30 suggests oversold conditions
Database Trading Part 3Trading data is a sub-category of financial market data. It provides real-time information about stock and market prices as well as historical trends for assets such as equities, fixed-income products, currencies and derivatives. Trading data also includes information about trades historically and over the course of a trading day, such as the latest bid, asking price and time of the last trade.
Candlesticks PatternCandlestick patterns are visual representations of price movements, used in technical analysis to understand and potentially predict future price trends. They are graphical representations of the opening, high, low, and closing prices of a security, currency, or commodity over a specific period. These patterns can offer insights into market sentiment and potential reversals or continuations of trends.
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.
Technical AnalysisTechnical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
Support And ResistanceIn trading, support and resistance refer to specific price levels on a chart where the market's price is expected to find either buying support (support) or selling pressure (resistance). Support is where buyers are expected to be plentiful, potentially preventing the price from declining further, while resistance is where sellers are abundant, potentially stopping the price from rising further.
AUD/CHF Bearish Breakout &Retest Setup High Reward Short OprtntyChart Analysis – AUD/CHF (1H)
1. Trend Structure
🔼 Uptrend Channel (before the drop)
* Price was making higher highs and higher lows
* Buyers were in control temporarily
🔽 Bearish Breakout
* Price broke below the channel support
* First sign of weakness from bulls
* EMA (7) crossed and sloped downward – trend shift confirmed.
2. Key Levels
🔵 Entry Point: 0.51855
🟠 Stop Loss: 0.52143
🟢 Target Point: 0.50692
3. Trade Plan
✍️ Setup: Break & Retest Short
🔁 Price came back to retest broken structure (resistance zone – blue box)
❌ Rejection at resistance = confirmation to go short.
4. Emoji-Dot Summary of Strategy
🔵 ● Entry at 0.51855 → After retest of the broken trend
🟥 ● Stop Loss at 0.52143 → Above recent highs (safe buffer)
✅ ● Target at 0.50692 → Next su…
Divergence Based Trading Divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator. Positive divergence signals price could start moving higher soon. It occurs when the price is moving lower but a technical indicator is moving higher or showing bullish signals.
Gold Hits New ATH Amid Escalating US-China Tensions Gold Hits New ATH Amid Escalating US-China Tensions 💰📈
The market has become more sensitive than ever as investors are deeply influenced by decisions from the world’s most powerful leaders. The ongoing tensions between Trump and Xi Jinping are causing uncertainty, making gold the natural safe-haven asset for investors seeking refuge.
At this point, the question is no longer whether gold will rise or fall, but rather how far it can go with geopolitical tensions still high and escalating daily. A retaliatory decision could cause gold to spike by dozens of points, while a temporary halt in tariffs could lead to a sharp drop. The market is incredibly sensitive to economic policy decisions and political developments right now.
Currently, candle confirmations are less reliable, as bullish confirmations are often followed by sudden reversals. This makes it crucial to focus on key levels and avoid rushing into trades. Scalping should be done with caution, and identifying clear entry points is vital.
Key Support Levels:
3280, 3268, 3258, 3240, 3230
Key Resistance Levels:
3292, 3302, 3310
Trade Strategy:
SELL ZONE: 3302 - 3304
SL: 3308
TP: 3298 - 3294 - 3290 - 3286 - 3280
BUY ZONE: 3270 - 3268
SL: 3264
TP: 3274 - 3278 - 3282 - 3286 - 3290 - 3300
BUY ZONE: 3240 - 3238
SL: 3234
TP: 3245 - 3250 - 3255 - 3260 - 3264 - 3268 - 3274 - 3280 - OPEN
Risk Management: As mentioned above, the market is extremely sensitive and unpredictable right now. Please remain cautious, and always adhere to your TP/SL levels to protect your account. 🛡️
Option Trading An option is a contract that represents the right to buy or sell a financial product at an agreed-upon price for a specific period of time. You can typically buy and sell an options contract at any time before expiration. Options are available on numerous financial products, including equities, indices, and ETFs.
Swing Trading AnalysisSwing trading involves the use of technical analysis to identify potential trading opportunities and actively working to make trades based on perceived trends in the market. Popular swing trading indicators include moving averages, RSI, Stochastic oscillator, volume, support and resistance, and ease of movement.
Strong Breakout and Continuation Within Sideways RangeGold Analysis: Strong Breakout and Continuation Within Sideways Range 💰📈
Gold (XAU/USD) made a strong move within its sideways range after breaking down below the 3215 level. At the start of the Asian session, gold bounced back and is now maintaining an upward movement within the range from 3245 to 3215, forming a small upward channel on the M15 timeframe. This is a clear continuation of the bullish trend.
Key Support Levels:
3215, 3204, 3195, 3188, 3178, 3168
Key Resistance Levels:
3235, 3245, 3257, 3272
The buying pressure remains strong, especially at the recent support level of 3196, where we saw a quick response of 30 pips back up. There is still significant buying interest below these levels, just waiting for the right opportunity for another entry.
Today's Strategy:
With no major U.S. news expected today, the price range is likely to be similar to yesterday, with a move of about 30-40 pips. We are waiting for a pullback to buy again, and will avoid sell signals in the current market environment. Even if we anticipate a drop, the focus should be on buying at good support levels rather than selling too early.
Trade Setup:
BUY ZONE: 3196 - 3194
SL: 3190
TP: 3200 - 3204 - 3208 - 3212 - 3216 - 3220 - 3225 - 3230
SELL ZONE: 3244 - 3246
SL: 3250
TP: 3240 - 3236 - 3232 - 3228 - 3224 - 3220
Important Reminder:
If gold fails to break the 3135 level, consider selling back to the 311x zone. If the price reaches 3135 and continues to show strong buying pressure, wait for a potential push towards 3145 and consider selling if the previous resistance holds. Always stick to your TP/SL levels to ensure risk management.
Final Thoughts:
AD expects a pullback or correction during the end of the Asian session or at the beginning of the European session, providing an opportunity to buy at better levels. Avoid buying at uncertain levels and wait for the ideal pullback.
Trade Safely and manage your positions with clear TP/SL targets. Always prioritize risk management to protect your account.