PB Fintech Broke Base, Attempted but failed to go back inNSE:POLICYBZR today confirmed that it broke its base and while retesting it couldn't and faced supply with MACD getting Negative and 50 DSMA trending down.
About:
PB Fintech Ltd, popularly known as NSE:POLICYBZR is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.
F&O Activity:
Short Buildup in Futures with 1700 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, the MACD is Trending Down along with 50 DSMA.
Target(Take Profit):
Around 1354 Levels for Positional Trader and 1400 for Swing Trader.
Stop Loss:
Entry Candle High for Swing Trader and Recent Swing High or 1700 Levels for Positional Trader.
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Unlocking Breakouts with the Symmetrical Triangle PatternUnderstanding the Symmetrical Triangle Chart Pattern
Hello Traders!
Today, we’ll discuss one of the most powerful chart patterns used to predict breakout opportunities — the Symmetrical Triangle . This pattern is a sign of market consolidation, where price is moving within a narrowing range, and a breakout is expected once the price escapes from this converging trend.
The Symmetrical Triangle consists of two trendlines:
Ascending Trendline : Connecting the rising lows.
Descending Trendline : Connecting the falling highs.
Key Characteristics of the Symmetrical Triangle Pattern:
Consolidation Period : The price moves between the two trendlines, showing decreasing volatility.
Breakout : Once the price breaks above the upper trendline (ascending trendline) or below the lower trendline (descending trendline), it signals a strong trend continuation or reversal.
Volume Analysis : Volume usually decreases during the consolidation phase, followed by a surge in volume during the breakout, confirming the direction.
How to Trade the Symmetrical Triangle?
Entry Point : After the breakout occurs (above the ascending trendline or below the descending trendline), enter the trade in the direction of the breakout.
Stop Loss : Place a stop loss just below the breakout level to protect your position from false breakouts.
Target : The target can be estimated by measuring the height of the triangle from the base and projecting that distance from the breakout point.
Example of Symmetrical Triangle in Action
In the Godfrey Phillips India chart , we can see a Symmetrical Triangle forming between 2021 and 2023. The price broke out of the pattern in late 2022, giving traders a strong upward momentum. Based on the measured move, the target was met after a clear breakout above the ascending trendline , which resulted in a price rise of 42.37%.
Conclusion
The Symmetrical Triangle is a reliable continuation pattern that provides great trading opportunities. Make sure to watch for volume confirmation during the breakout, and always use a stop loss to protect yourself from unexpected reversals.
Happy Trading! 🚀📈
BSE Retesting BO Levels with King CandleNSE:BSE aggressive Short trade as it made a king candle and is close to the previous BO levels and closing below 20 DSMA today.
About:
NSE:BSE is an Indian Stock Exchange at Dalal Street in Mumbai. The Co. facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds.
F&O Activity:
Short Buildup in Futures with 6000 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:2 trade setup, with the recent swing high as a strong resistance zone, the RSI is Trending Down and closed below 20 DSMA, If levels are broken Can test 200 DSMA.
Target(Take Profit):
Around 200 DSMA Levels for Swing & Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing High or 20 DSMA for Positional Trader.
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Oil India Pullback Swing TradeNSE:OIL looking good for Pullback Swing Trade, giving pullback from election day lows and closing above 10 DSMA.
About:
NSE:OIL is engaged in the exploration, development, and production of crude oil and natural gas, as well as the transportation of crude oil and production of LPG. It also provides various E&P-related services for oil blocks.
F&O Activity:
Significant Long Buildup With 400 PE OI Addition Significantly.
Trade Setup:
Looks good for a 1:1.7 Risk-Reward Trade with 10 DSMA Trending Upward, Pullback up to 200 DSMA looks likely, and 10 DSMA and Recent Base are Important Levels.
Target(Take Profit):
Near 200 DSMA for Swing Trader
Stop Loss:
Recent Base or Trailing 10 DSMA on Closing Basis for Swing Trader.
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Alkem Broke Swing Low, Downtrend Resumes again, King CandleNSE:ALKEM today made a King Candle broke the swing lows and continued its classical downtrend on the back of below-estimated Q3 Results.
Con-Call Updates:
5.2% YoY increase in quarterly net profit and a 1.5% rise in revenue during the quarter, revenue growth was led by domestic business. Profitability improved due to cost-efficient measures undertaken by the company. The supply chain issue in the US continued to improve. The company reiterated its EBITDA margin guidance of ~19% for FY25, despite a sluggish Q4 due to increased spending. Concerns remain due to weak Indian growth and lacklustre U.S. portfolio.
About:
NSE:ALKEM is engaged in the pharmaceutical business with global operations. The Company is engaged in developing, manufacturing and selling pharmaceutical and nutraceutical products.
F&O Activity:
Short Buildup in Futures with 5000 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, the RSI and 100 DSMA are Trending Down, and the downtrend continues unless it makes a higher high.
Target(Take Profit):
Around 4650 Levels for Swing & 4346 for Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing High for Positional Trader.
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Kalyan Pullback Trade ???NSE:KALYANKJIL is looking good for a Pullback from its base with Heavy Volumes.
About:
NSE:KALYANKJIL designs, manufactures, and sells a range of gold, studded, and other jewellery products at various prices. It is one of the largest jewellery retailers in India.
F&O Activity:
Significant Long Buildup With 500 CE OI Unwinding Significantly.
Trade Setup:
Looks good for a 1:1 Risk-Reward Trade with 10 DSMA Trending Upward, Pullback up to 100 DSMA looks likely, and 10 DSMA and Recent Base are Important Levels.
Target(Take Profit):
Near 100 DSMA for Swing Trader
Stop Loss:
Recent Base or Trailing 10 DSMA on Closing Basis for Swing Trader.
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GBP/JPY Bearish Breakdown – Further Decline Ahead?📉 GBP/JPY Daily Chart Analysis
🔍 Overview:
The chart shows GBP/JPY on the 1D timeframe.
A bearish outlook is suggested with a projected price decline.
The 200 EMA (193.295) is acting as resistance.
Current price: 191.906, slightly below the 200 EMA.
📊 Technical Breakdown:
Bearish Pattern Formation:
Price broke down from a rising wedge (bearish pattern).
After a brief retest, it's rejecting the 200 EMA, confirming weakness.
Support & Resistance Levels:
Resistance: 193.295 (200 EMA).
Support zones: 188.000, followed by 184.000.
Expected Price Action:
The bearish projection suggests further decline towards 188.000 & 184.000.
If price reclaims 193.295, it could invalidate the bearish scenario.
🎯 Conclusion:
⚠️ Bearish bias as long as the price stays below the 200 EMA. A drop to 188-184 seems likely unless buyers reclaim key levels.
📌 Watchlist:
✅ Break below 190.000 = Strong sell signal
✅ Reclaim of 193.295 = Bullish invalidation
🚨 Trade cautiously & manage risk! 🚨
Gold (XAU/USD) 4H: Bullish with Possible Pullback!!Gold (XAU/USD) 4H Chart Analysis: Bullish Trend with Possible Pullback
Key Observations:
1. Price Action & Trend:
The price is currently trading around $2,817.685.
The trend appears bullish, with a strong upward move.
There is a marked internal liquidity (Int. LQ) taken, indicating that liquidity has been absorbed, which could lead to further upside.
A market structure break (MB filled) suggests past resistance turned into support.
2. Technical Indicators:
Exponential Moving Average (EMA 200, red line) is at $2,709.123, which is significantly below the current price. This suggests that gold is in a strong uptrend.
Relative Strength Index (RSI, 14 close) is at 68.56, nearing the overbought zone (70) but still has room for potential upside.
3. Projected Movement:
The chart suggests a potential pullback (small consolidation) before further upward movement.
Fair volume ranges (marked in red) indicate levels where price may slow down or consolidate before continuation.
Price is above key liquidity levels, which may act as support.
Conclusion:
The trend remains bullish, and the price could continue rising after a minor consolidation.
Key levels to watch:
Support: Around $2,800 (former liquidity level).
Resistance: Next potential target is $2,840 - $2,860.
Risk Consideration: RSI is approaching overbought levels, so a short-term correction could occur before another push higher.
Silver (XAG/USD) Gaining Momentum – Next Target $32-$33?Silver is showing strong bullish momentum, currently trading around $31.53, with a +1.25% gain. The price has broken above key resistance levels and is now trading above the 200 EMA (currently at $30.48), which signals a potential continuation of the uptrend.
There's a fair volume range above, along with an internal liquidity level (Int. LQ), which could act as the next target. The market has already filled a previous market block (MB), suggesting that the structure is clean for further upside.
If this bullish momentum holds, the price could push toward $32 - $33 in the short term. A retest of support near $30.50 (200 EMA) would still keep the uptrend intact.
DEEPAKFERT Showing Strength From Base With Good Q3NSE:DEEPAKFERT showed strength today bouncing from a good base on the back of good Q3 Results, with RSI and MACD Showing Strength.
Q3 consolidated net profit jumped more than four times Y/Y, while revenue from operations climbed 39% Y/Y. Management says revenue from its crop protection business rose 55% due to good monsoon. Its profit margin also expanded to 10% from 3% a year ago. REVENUE FROM OPERATIONS 25.79 BILLION RUPEES, NET PROFIT 2.51 BILLION RUPEES.
Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent being base being crucial.
Target(Take Profit):
52wh Levels for Swing Trader and 1522 for Positional Trader.
Stop-Loss:
Entry Candle Low For Swing Trader and a Recent Base of 1071 for Positional Trader.
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AUD/JPY Bearish Outlook: Potential Breakdown Toward 83.516?1. Chart Pattern: Descending Wedge/Channel
The chart shows a clear downward sloping channel, indicating a bearish trend.
Price has been making lower highs and lower lows, suggesting selling pressure.
2. Key Levels
Resistance: The upper boundary of the descending channel acts as resistance.
Support: The lower boundary of the descending channel serves as support.
Major Target: The projected price movement (indicated by the arrow) suggests a drop toward 83.516, which appears to be a strong support level.
3. Moving Average (EMA 200)
The 200 EMA (94.639) is being tested.
If price breaks below the 200 EMA, it could signal further downside.
4. Recent Price Action
The price is currently at 95.848, having dropped -1.43% in the latest session.
If it fails to hold this zone, a breakdown could accelerate selling pressure.
5. Bearish Breakdown Scenario
A break below 95.000 could trigger further selling.
If price follows the projected path, a move to 83.516 is possible.
Conclusion
Bearish bias in the medium term.
Watching for a breakdown below 94.639 (200 EMA) for confirmation.
If the lower channel support holds, a bounce could occur.
Traders should look for confirmation signals before entering a position.
NZD/JPY Bearish Breakdown | More Downside Ahead?📉 NZD/JPY Technical Analysis (Daily Chart)
Key Observations:
Downtrend Dominance ⬇️: The pair has been in a clear downtrend since mid-2024, with lower highs and lower lows forming consistently.
200 EMA Resistance 🚨: The red 200-day EMA at 90.088 is acting as a major resistance level, reinforcing the bearish outlook.
Bearish Breakout Pattern ⚠️: A descending structure is forming, suggesting a continuation of the downtrend.
Projected Drop 📉: The black arrow on the chart indicates a potential drop toward 82.00 - 80.00 levels in the coming weeks.
Trading Strategy:
🔴 Bearish Bias: Traders might look for short opportunities on lower highs, especially near 87.00 - 88.00 resistance.
✅ Target Zones: 84.00 (first support) and 80.00 (major support).
🚨 Invalidation Level: A break above 90.00 (above 200 EMA) could signal trend reversal.
What’s your trade plan? 🎯📊
IRB Double Bottom Swing NSE:IRB confirmed a Double Bottom today with RSI Showing Strength and Excellent Q3 FY 24-25 Resluts out today and now looks likely to give a good swing.
F&O Activity:
Significant Long Build-up with 55 PE showing a Significant Increase in OI.
Trade Setup:
Looks like a good double-bottom Formation can give a swing to the previous Double Top and if Crosses 200 DSMA Postionally will look very good
Target(Take Profit):
Upper Resistance Levels of Double Top for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.
Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Double Bottom Base for Positional Trader.
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SRF Looking Good Post Q3 Results Can Accumulate when retest.NSE:SRF is showing strength with good Q3 Results and Future Outlook. It made a Gap-up post results and since then it has been attempting to break its long-time resistance which it has respected since Oct 2021 and can now break successfully. RSI is getting in the Overbought Zone and MACD is Positive.
F&O Activity:
Significant Long Build-up with 2700 CE showing a Significant decrease in OI.
Trade Setup:
Can Accumulate for Positional Trade once it retests to the mentioned different levels, I think it can fill the gap post results day so keep it in the watchlist and keep the last base mentioned as stop loss, for swing traders I think it will challenge it's long time resistance once so a swing is possible.
Target(Take Profit):
Upper Resistance Levels for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.
Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Base for Positional Trader.
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BTC/USDT 4H Analysis: Bearish Breakdown or Rebound?📉 Bitcoin (BTC/USDT) 4H Chart Analysis
🔴 Overview:
Bitcoin is trading at $101,847 (-0.22%) on the 4-hour timeframe.
The price is moving within a descending wedge/pennant pattern.
Key EMA (200): Currently at $100,781, acting as dynamic support.
📌 Key Levels & Analysis:
Resistance Zone (~$102,000 - $103,000): Price is struggling to break above this level.
Support Zone (~$97,500 - $98,500): A key demand zone where buyers may step in.
⚠️ Potential Scenarios:
Bearish Breakdown ⬇️
If BTC loses the $100,800 EMA support, a drop towards $98,000-$97,500 is likely.
The marked arrow suggests this bearish move.
Bullish Rebound ⬆️
If BTC holds above EMA 200 and reclaims $102,000, a breakout towards $104,000-$106,000 could follow.
🧐 Final Thoughts:
Short-term trend: Bearish bias unless price reclaims resistance.
Watch for a break below $100,800 for further downside.
RSI & Volume Confirmation Needed for stronger signals.
Ethereum (ETH/USDT) at Critical Support – Breakout or Breakdown?📉 Ethereum (ETH/USDT) 4H Chart Analysis
🔴 Current Price: $3,220.06 (-0.95%)
📊 Indicators & Patterns:
Downtrend Resistance: A descending trendline is acting as resistance.
Support Zone: The red highlighted area (~$3,220) is a key support level.
200 EMA: At $3,320, acting as resistance.
🔮 Possible Scenarios
1️⃣ Bullish Case 🚀: If ETH holds the support and breaks the descending trendline ($3,320), it could test higher levels around $3,400 - $3,500.
2️⃣ Bearish Case 📉: A breakdown below the support ($3,220) could trigger a fall towards $3,100 or even $3,000.
🎯 Key Levels to Watch
Resistance: $3,320 (EMA 200), $3,400 (Trendline)
Support: $3,220 (Zone), $3,100 (Next Major Support)
⏳ Conclusion
ETH is at a critical decision point. A bounce could lead to a breakout, but failure to hold could trigger more downside. Watch for a reaction around $3,220! 🚦
S&P 500 at Critical Resistance – Breakout or Rejection? Resistance Zone (Highlighted in Red) 🛑
The price is currently testing a strong resistance level near 6,040 - 6,100.
Previous attempts to break this zone have failed, making it a key area to watch.
Ascending Triangle Pattern 📈
The price is forming higher lows, indicating bullish momentum.
If a breakout above 6,100 occurs, it could trigger a strong upward move 🚀.
200 EMA Support (Red Line) 📉
The 200-day EMA is at 5,658.98, providing a long-term support level.
If the price pulls back, this could act as a buying opportunity.
Possible Scenarios 🔮
✅ Bullish Breakout: A breakout above 6,100 could send the price toward 6,200+.
❌ Rejection & Pullback: If rejected, a drop to 5,900 or 5,700 (EMA support) is possible.
Conclusion: Bulls need a clear breakout to push higher, while bears might take control if the resistance holds. 📊🚦 Keep an eye on volume and confirmation candles for the next move!
EUR/CAD Bullish Momentum: Targeting 1.51+ !?📌 Key Observations:
1. Support Rejection ✅: The price has bounced off the support zone (highlighted in red), which was a critical level for a bullish continuation. This level is now acting as a launchpad for further upside.
2. Bullish Momentum 📈: The market structure suggests a strong uptrend, with recent bullish candles breaking through resistance.
3. Next Target 🎯: The green resistance zone at 1.51+ is the main target for buyers. The blue arrow indicates a potential move towards this level.
4. EMA 200 📉 (Red Line @ 1.48721): The price has successfully traded above the 200-day EMA, reinforcing bullish sentiment.
5. RSI (14) at 58.89 📊: The RSI is approaching the 60 level, showing bullish strength, but not yet overbought (above 70), meaning there’s still room for an upward move.
🔎 Potential Scenarios:
If the price breaks 1.51, we could see a further push towards new highs. 🚀
If the price rejects from 1.51, a retracement to 1.50 or lower might happen before another attempt upwards. 🔄
🎯 Conclusion: The market is currently bullish, with a high probability of hitting the next resistance zone. Watch for confirmation near 1.51—a breakout could mean further gains, while rejection could signal a pullback.
Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout.
Target(Take Profit):
1087 Levels for Swing/Positional Trader.
Stop-Loss:
Around 926 For Swing Trader and a Recent Base of 880.35 for Positional Trader.
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USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈
1. Breakout Above the EMA (200) 🔺:
If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal.
A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow.
2. RSI Support 💪:
The RSI above 50 indicates that buyers are gaining momentum.
If RSI trends toward 70, it signals even stronger bullish momentum ✅📊.
3. Higher Highs and Higher Lows 📶:
The chart is forming higher highs and higher lows, a classic signal of an uptrend.
This pattern supports a move toward higher price levels 🚀.
🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
BOI Showing Strength with Vol., Good Q3 and Below BV.NSE:BANKINDIA is showing strength with volumes getting picked since two days after good Q3 Numbers and RBI Liquidity Inject in the System. It is still trading below its book value of 155 Rs.
Bank of India posted a good set of numbers as fresh NPA accretion declined on a sequential basis. Margins were partly impacted due to lower margins on international book. Loan growth was healthy during the quarter. Lower credit costs and contained opex helped the bank post a good rise in net profit.
F&O Activity:
Significant Long Build-up with 105 PUT Showing Significant OI addition.
Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent swing low being crucial. The stock closed above 20 DSMA.
Target(Take Profit):
115/116 Levels for Swing Trader and 155 for Positional Trader.
Stop-Loss:
99/100 For Swing Trader and Recent Base of 89-91 for Positional Trader.
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