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MCX - Bullish Breakout Opportunity (Daily Timeframe)Stock: MCX ( NSE:MCX ) Trend: Bullish Momentum Building 🚀 Risk-Reward Ratio: 1:3 (Favorable Setup) Trade Parameters 🎯 Entry Zone: ₹6,200 (Breakout Confirmation) 🛑 Stop Loss: ₹5,531 (Daily Closing Basis) (~10.8% Risk) 🎯 Target Levels: ₹6,515.65 ₹6,852.60 ₹7,160.00 ₹7,479.80 ₹7,854.20 ₹8,200 (Final Target) Technical Rationale ✅ Bullish Flag Breakout - Price has broken out from consolidation pattern ✅ Strong Momentum - Daily & Weekly RSI >60 (Bullish territory) ✅ Volume Confirmation - Breakout volume 868K vs previous day's 571K (~52% increase) ✅ Technical Structure - Higher highs and higher lows formation Key Observations • The breakout comes with significantly higher volume • Multiple targets allow for progressive profit booking • Attractive 1:3 risk-reward ratio • Strong technical structure supporting bullish case Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses • Watch for volume confirmation on upside moves Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as investment advice. Trading in financial markets involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. The author assumes no responsibility for any trading losses that may occur from using this information. What do you think? Are you watching this breakout on NSE:MCX ? Share your views in the comments!
NSE:MCXLong
by raigvivek
Bombay Dyeing : Market Cycle Recap✅ 1. Markup Phase (4 June 2024 – 25 July 2024) Price movement: ~80% rally. 1. RSI behavior: RSI stayed above neutral (never oversold), frequently nearing overbought. 2. Volume: Increasing — confirmation of strong upside momentum. 3. Participants: Smart money and institutions led the rally. 🚨 2. Distribution Phase (~6 Months) Price action: Sideways movement in a 20% range 1. Volume: Likely choppy or decreasing, with spikes on down days — a classic distribution sign. 2. RSI: Range-bound between 40–60 — no trend, loss of momentum. 3. Participants: Institutions unloading to retail/inexperienced participants. 🔻 3. Markdown Phase Breakdown: Support breached after distribution range. 1. Price movement: Dropped ~50% from support breakout. 2. RSI: Frequently oversold — sign of strong weakness. 3. Volume: Likely increased on down days — panic selling. 🧱 4. Accumulation Phase (Last 3 Months) Price action: Consolidated in ~15% narrow range. 1. RSI: Did not touch oversold zone — indicates seller exhaustion. 2. Participants: Value investors, smart money slowly building positions. 3. Volume: Gradually increasing — early signs of interest. 🔔 Current Technical Signal (20 May 2025) Breakout: Price has now closed above the resistance of the accumulation range. Volume: Above-average — confirms breakout strength. 1. RSI: Approaching overbought zone — sign of bullish momentum returning. 2. Price is above 20 EMA and 50 EMA. 3. Expected bullish crossover or confirmation already happened. 📊 Interpretation: Strong Bullish Reversal in Progress Smart money has likely finished accumulating. Breakout from the accumulation zone with volume, RSI trend, and moving average confirmations all suggest the early stage of a new markup phase is starting. This could be the start of a fresh uptrend or the first leg of a longer bullish swing, especially if: Broader market supports cyclical or value stocks. Company-specific fundamentals (earnings, business outlook) align with technical cues. ✅ Actionable Steps (Not Financial Advice) Entry: Traders: Consider entry near breakout retest (if occurs). Investors: Start building position gradually if long-term reversal is confirmed. Risk Management: Stop-loss: Just below the accumulation range (tight) or recent swing low (looser). Position sizing based on volatility and risk appetite. Targets: Near-term: 15–20% move based on accumulation range height. Medium-term: 50–80% potential if this is a true markup phase (mirroring last cycle). Confirmation Factors: Look for increasing volume in subsequent up candles. Weekly close above breakout zone. Fundamental support (news, earnings upgrade, insider buying, etc.). If you'd like, I can also: Draw a price cycle chart based on your description. Help you draft a trade plan or investment thesis. Pull recent news or updates on Bombay Dyeing (using live data). Let me know how you'd like to proceed!
NSE:BOMDYEINGLong
by Arvind_Share_Academy
GBPCAD - Is Bullish Breakout Ahead?TF: 4h GBPCAD is initiating along opportunity by completing 4th intermediate wave at 1.83464 . We can expect a retracement then reversal with near the lower trendline of the parallel channel. Once price comes down, we will have the opportunity to go long with minimum stop level at low of the wave 4 at 1.83640 . The bullish scenario is capable GBPCAD to provide 1.8654 - 1.8748 targets to the buyers. If the breakdown occurs, wave (4) will go deep. We update this chart time to time. Traders should only buy after a clear reversal.
by Money_Dictators
Bearish outlook remains intact near 1.0300The EUR/USD pair continues to extend its decline, reaching around 1.0305 in the early European session on Tuesday. The U.S. dollar strengthened after U.S. President Donald Trump announced a significant increase in tariffs on steel and aluminum imports and stated that he would unveil reciprocal tariffs against other countries in the coming days. From a technical perspective, the bearish outlook for EUR/USD remains intact, with two key resistance levels at 1.0396 and 1.0329. While the pair is encountering resistance at the 1.0329 level, breaking through this level does not necessarily indicate a strong upward movement, as the pair still faces the previous resistance at 1.0396. If the downtrend continues, the pair could potentially decline towards the 1.0210-1.0200 range. Recommendation: Given the current bearish outlook and strong resistance levels above, entering a **sell** position around the 1.0329 or 1.0396 levels could offer a profitable opportunity. However, be cautious of fundamental factors that could change rapidly, especially any announcements from the U.S. government regarding tariffs.
by Brigi_ta
JPY eased slightly ahead of Trump's inaugurationThe Japanese Yen (JPY) fluctuated between small losses and slight gains against the US dollar, with the USD/JPY pair trying to stabilize around the 156.15-156.20 range during the early European trading session on Monday. Core machinery orders in Japan increased for the second consecutive month, signaling further recovery in capital spending. This, along with bets that the Bank of Japan (BoJ) will raise interest rates later this week, provided a modest boost for the JPY. Additionally, a fresh round of US dollar (USD) selling contributed to the day’s decline in USD/JPY. However, a generally positive risk tone and the uncertainty surrounding the trade policy of incoming US President Donald Trump limited any significant upward movement for the safe-haven JPY. Traders also seem hesitant ahead of Trump’s inauguration speech on Monday and the highly anticipated BoJ two-day policy meeting starting on Thursday. From a technical perspective, Friday’s recovery from the support level marked by the lower boundary of the long-standing uptrend channel is slowing down near the 156.55-156.60 region. This area now serves as the immediate resistance, and a new short-sell position could allow the USD/JPY pair to reclaim the round number of 157.00.
TFEX:USDJPY1!
by Brigi_ta
Expleo SolutionsTechnical Analysis of Expleo Solutions: Expleo Solutions' price has been range-bound for over two years, specifically 847 days. The peak it reached between May 2023 and August 2023 is considered an outlier, as the stock has since reverted to its prior trading range. Despite this, the stock has experienced a notable 55% increase in trading volume, from 6.2 million shares to 9.6 million over the last 470 days. This increase is significant when compared to the previous 470-day period. The MACD also suggests a decline in seller interest, indicating potential shifts in momentum that could lead to a more positive outlook. Two key support and resistance levels have been identified, which will be pivotal in determining future price movements. Potential Risk: The primary risk to the stock's upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions. Disclaimer: This analysis is intended for educational purposes and is not a purchase recommendation. It is important to learn how to recognize and understand patterns in stock movements.
NSE:EXPLEOSOL
by sandeepbalachandran
Gopal SnacksThe company offers a wide variety of savory products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya; western snacks such as wafers, extruded snacks, and snack pellets; and fast-moving consumer goods including papad, spices, gram flour or besan, noodles, rusk, and soan papdi. Market Cap: ₹ 4,250 Cr. Promoter holding: 81.5 % FII holding: 2.20 % DII holding: 6.85 % Public holding: 9.46 % Looks good to buy, it's a bottom out.
NSE:GOPALLong
by isagar_chauhan_
6
Axis bank AnalysisAxis Bank is currently trading within a defined price channel, showing a clear pattern of highs and lows. The support level near ₹1130 presents a key buying opportunity for traders, as the price has consistently bounced back from this level. This creates an edge for traders who prefer entering near support, offering a favorable risk-to-reward ratio. In this case, you can capitalize on the potential upward movement with proper stop-loss placement just below the support and targeting the upper channel range. Monitoring the volume near this level can also confirm a strong price action rebound. Consider pairing this technical setup with any relevant fundamental factors to strengthen the trade's probability of success.
NSE:AXISBANKLong
by ali000351
2
Silver Futures: Navigating the Bullish Breakout The Silver Futures chart presents a compelling picture, but as we know, navigating the market demands more than just technical analysis. Let's break down what we see: Bullish Signals: The decisive breakout above the VWAP, coupled with the series of green Heikin Ashi candles, paints a bullish picture. The recent breach of the Base Camp level further strengthens this positive outlook. VWAP as a Guide: The VWAP is now acting as dynamic support, offering potential buying opportunities on dips. However, remember that even in a bullish scenario, the market can be unpredictable. Beyond the Chart: While technicals are promising, external factors can sway silver prices. Keep an eye on global economic indicators, geopolitical tensions, and any news that might impact precious metals. Applying the Wisdom: Don't Get Complacent: Even with a bullish setup, risk management is paramount. Set stop-losses to protect your capital in case of unexpected reversals. Stay Informed: Technical analysis is valuable, but it's only one piece of the puzzle. Stay updated on fundamental factors that can influence silver's price trajectory. Avoid Blind Faith in Tips: This bullish setup might attract stock tips, but remember, no one can predict the market with certainty. Do your own research and make informed decisions. In Conclusion: The Silver Futures chart is signaling a potential bullish trend. However, successful trading involves more than just following signals. Combine technical analysis with a keen understanding of market dynamics, risk management, and a healthy dose of skepticism towards "hot tips." This approach will increase your chances of navigating the market successfully, even when faced with its inherent unpredictability. Disclaimer: This is an analysis, not financial advice. Trading involves risk; conduct your own research and consider your risk tolerance before making any investment decisions
MCX:SILVER1!Long
by Profitabletradingindia
2
West Coast Paper for 100% riseWest Coast Paper Mills is currently India’s 3rd largest paper and paperboard manufacturing company which also owns (72.3% in) Andhra Paper, another listed paper manufacturer. West Coast has revenues of 4200 cr and market cap of 3900 cr. Its ownership in Andhra Paper itself is worth 1500 cr presently. So all of WCPML is available at a valuation of 2400 cr. Can it double from current levels (588)? The chart says it all. The stock is in the final stages of large wave IV that began in October ‘23. There is a possibility of one final move down towards 525-540 levels if there is one. Wave V can very well take it to 1000-1200 levels which can be worked out later after further moves. Can these levels be achieved in a year or less? First target of course is ATH of around 800.
NSE:WSTCSTPAPR
by DhandhaPaani