SHAKTIPUMP | Chart Analysis | Symmetrical triangle | Daily---
### 📊 **Technical Summary:**
#### 🔹 **Chart Pattern:**
* A **falling wedge** breakout occurred **within a broader rectangular consolidation** (boxed range).
* The breakout zone was near **₹907**, and the stock has since surged past the key resistance.
#### 🔹 **Breakout Confirmation:**
* Price closed at **₹992.10**, sustaining above the breakout.
* The wedge breakout followed by a strong bullish candle confirms **upward momentum**.
#### 🔹 **Volume Action:**
* Noticeable spike in volume during the breakout — indicating **institutional or strong hands entry**.
* Volume > 1.91M, which is far above the 50-day average, confirming strength.
#### 🔹 **Target Projection:**
* Target = Breakout height added to breakout level
\= ₹907 + ₹258.95 ≈ **₹1,163**
* Marked on chart as **28.64% upside potential**
#### 🔹 **Indicators (Right Panel):**
* **EMA Trend**: All EMAs (8, 21, 55, 144) are rising — bullish alignment.
---
### 🔍 **Levels to Watch:**
| Type | Price (₹) |
| ---------------------- | --------- |
| **Breakout Level** | 907.00 |
| **Current Price** | 992.10 |
| **Resistance/Target** | 1,163.00 |
| **Support Zone** | 907–925 |
| **Volume Spike Price** | \~900–930 |
---
### ✅ **Conclusion:**
SHAKTIPUMP is showing a **textbook falling wedge breakout** with heavy volume. The target stands at **₹1,163**, offering a potential **17%+ upside** from current levels. As long as it holds above ₹907–925, the bullish structure remains intact.
---
Triangle
Nifty : symmetry triangle fake BONifty moving in a symmetric triangle
Broke out strong on RBI interest rate decision day
Breakout faded as bulls failed to move price higher
Consecutive last 3 trading days closing<openings
During closing hours big boys moved the price downside and closed below key round level 25000 and trendline of the triangle.
Possible target are marked in chart
Play bear put spread with 1:4 RR.
Happy trading.
The Silent Power of Wave 4: Why You Shouldn’t Ignore TrianglesMarkets often scream during impulse waves but whisper during corrections. Yet it’s in those quiet phases—especially Wave 4 corrections—that the next big move is born. HERO MOTOCORP’s current price action may just be one of those setups that rewards the patient.
Spotting the Triangle in Wave 4
After a strong Wave 3 high at ₹4,454.60, the price began consolidating. Instead of a sharp drop, a sideways grind with overlapping price action began unfolding—classic signs of a triangle possibly forming. So far, the internal structure appears to be evolving as an (A)-(B)-(C)-(D)-(E) formation, although the triangle is not yet confirmed . The final leg (E) is pending, and until a proper breakout with impulsive character occurs, this remains a working hypothesis.
The retracement zone between 0.236 (₹4,284.75) and 0.382 (₹4,179.70) of Wave 3 has held price so far. This shallow pullback supports the idea of a triangle, which is typically more time-consuming than other corrective forms.
RSI Divergence: A Sign of Weakness
There’s also a noticeable RSI divergence in play. While price made a higher high, RSI printed a lower high—a clue that momentum is cooling. This supports the idea that Wave 3 ended and Wave 4 is underway. Momentum cooling during a triangle formation is common, as the market pauses before its next move.
Volume Behavior
Volume spikes during impulsive waves and contracts during consolidations. HERO’s chart reflects just that—volume expanded strongly during Wave 3 and has dried up during this suspected Wave 4. This aligns well with triangle behavior, where uncertainty reduces participation before the breakout.
Invalidation Level and Risk Clarity
₹3,994.10—Wave 1’s top—acts as the invalidation level. If price breaks below this, the current wave structure becomes invalid and must be recounted. As long as this level holds, the bullish bias remains intact. A breakout above the Wave 3 high with conviction could mark the beginning of Wave 5.
Since Wave 4 hasn’t completed, potential targets for Wave 5 can only be projected once it ends. Typically, Wave 5 can extend to 1x or 1.618x of Wave 1, measured from the end of Wave 4—once its final low is in place.
Final Thoughts
Triangles are often ignored. But in Elliott Wave Theory, they are hidden launchpads—silent phases that precede explosive moves. HERO MOTOCORP might be presenting one such opportunity. If the triangular structure completes cleanly and holds key levels, a fresh impulse could be unfolding.
Chart will be updated as price action evolves.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Silver Bullish Breakout on Monthly & Weekly CharPattern Formed: Symmetrical Triangle (Long-Term Consolidation)
Breakout Type: Bullish Breakout on Monthly & Weekly Chart
Volume Confirmation: Strength in breakout with price expansion
Measured Move Target: ~$44 (based on triangle height projection)
Immediate Resistance Zone: $44.11 (Historical supply zone)
Support Levels Post-Breakout:
Immediate Support: $34.78
Strong Support: $33.28
HCLTECH - Symmetrical Triangle Breakout Attempt with Momentum________________________________________
📈 HCL Technologies Ltd (HCLTECH) – TECHNICAL ANALYSIS
📆 Date: June 11, 2025
🔍 Timeframe: Daily
________________________________________
📌 Overall View: Symmetrical Triangle Breakout Attempt with Momentum
HCL Technologies is showing signs of bullish momentum as it attempts a breakout from a symmetrical triangle pattern. The stock recently tested the upper boundary of the triangle and is challenging a key resistance zone near ₹1716. While the stock closed just below the resistance today, the strong bullish candle, above-average volume, and multiple indicator confirmations hint at a potential breakout continuation in the coming sessions.
________________________________________
📌 Price Movement and Trend
Price action over the last few weeks reveals a consolidation phase after a steady uptrend from the April lows. The recent sessions formed a converging triangle, with buyers stepping in near higher lows. Today's candle shows a breakout attempt, with the price testing the resistance but closing slightly below it. Nonetheless, this is a sign of aggressive buying interest and indicates a possible continuation if follow-up volume and price strength are observed.
________________________________________
📌 Chart Pattern
Symmetrical Triangle Formation: This pattern suggests a temporary consolidation before a decisive move.
Breakout Attempt: Today's candle signals a move beyond the upper triangle resistance.
Volume Confirmation: Above-average volume adds weight to the breakout move.
Momentum Indicators: Price action is supported by bullish indicators, confirming trend strength.
________________________________________
📌 Support and Resistance
Immediate Resistance: ₹1716 (key breakout level being tested)
Next Upside Levels: ₹1873, ₹1952, ₹2031, ₹2110, ₹2189
Strong Support: ₹1637 (Stop-Loss), followed by ₹1302 (Major Support)
Upside Potential: If ₹1716 is crossed decisively, the stock could unlock significant upside potential in the coming weeks.
________________________________________
📌 Volume Analysis: Bullish Bias Confirmed
The breakout attempt comes with above-average volume, which is an important confirming signal. A surge in volume during or before a breakout implies active interest from institutional players. This signals growing confidence in the bullish setup. Sustained volume above the average line can further validate upward movement.
________________________________________
📌 Technical Indicators
• Bullish Momentum: Indicates strong buying interest
• MACD Crossover: Bullish alignment, suggesting positive short- to medium-term trend
• Bollinger Band Breakout: Suggests increased volatility and directional bias
• BB Squeeze On-Compression: Points to low volatility preparing for a breakout
These indicators working together reinforce the possibility of a bullish phase if resistance is cleared with strength.
________________________________________
📌 Trade Setup
• Entry Price: ₹1716.10
• Stop Loss: ₹1637.25
• Risk: ₹78.85
• Potential Upside Levels: ₹1873, ₹1952, ₹2031, ₹2110, ₹2189
• Risk-Reward: Over 1:2+ potential
________________________________________
📌 What Could Go Wrong? (Risk Factors)
• If the stock fails to sustain above ₹1716 and slips below ₹1637, the breakout may turn out to be a false move.
• The stock may also retest the breakout level (₹1716) or consolidate further before moving up.
• Watch for volume confirmation and ensure price closes strongly above resistance.
________________________________________
📌 What to Expect Next?
If the bullish momentum continues and price holds above ₹1716 with strong volume, the stock may head toward ₹1873 and beyond.
In case of a pullback, it may revisit ₹1637–₹1650 levels, which can act as a re-entry opportunity if bullish signals persist.
________________________________________
📌 Final Words for Beginners
This is a classic technical breakout setup forming after consolidation. Breakouts from symmetrical triangles are often followed by trending moves when supported by strong volume and technical confirmation. However, always respect your stop-loss and avoid emotional decisions. Patience and risk management are keys to successful trading.
✨ Remember: A disciplined approach beats random predictions every time.
________________________________________
📌 Disclaimer
• This analysis is for educational purposes only.
• It does not constitute investment advice or a buy/sell recommendation.
• Trading involves risk and should be done after proper research.
• Consult a SEBI-registered financial advisor before taking any position.
• The author is not SEBI-registered and holds no liability for your trades.
________________________________________
👇 What’s Your View on HCLTECH?
• Is this breakout real or a trap?
• Will the stock hold above ₹1716 and continue higher?
• Share your chart insights and analysis in the comments!
________________________________________
🚀 Found this helpful? Hit that 🔼 Boost button and help fellow traders spot the move!
________________________________________
🧠 Trade with Patience. Trade with Confidence.
🔔 Follow @simpletradewithpatience for daily chart breakdowns and setup ideas!
________________________________________
$NSE:WONDERLA : Triangle Pattern Bullish ViewNSE:WONDERLA
WONDERLA HOLIDAYS LTD
*Chart Type:* Daily
*Date of Analysis:* June 11, 2025
*CMP:* ₹666.30 (+3.30%)
*Volume:* 66.9K (Above Average)
---
### *Chart Observations*
#### 🔷 *Pattern Formation*
* *Symmetrical Triangle* breakout appears in progress.
* Price has closed *above triangle resistance* (\~₹665), indicating a potential bullish breakout.
* Prior consolidation between *₹600–₹714* has created a solid base.
---
#### 📊 *Fibonacci Retracement Levels (From ₹947.40 to ₹600)*
* *0.786:* ₹674.35 → *Now testing this level*
* *0.618:* ₹732.70 → *Likely next target post breakout*
* *0.5:* ₹773.70 → Midway retracement
* *0.382:* ₹814.70 → Strong resistance zone
* *0.236:* ₹865.40 → Extended target
---
### *Indicators Used*
#### ✅ *RSI:*
* RSI turning up with a current reading around *55–60*, showing *positive momentum* building.
* RSI bounce from neutral zone suggests fresh buying interest.
#### ✅ *Volume:*
* *Volume spike* on breakout candle confirms strength.
* *Volume Run Rate:* 72.6% of avg → Signaling participation
---
### *Moving Averages*
* Price has crossed *short-term EMAs* and is heading toward the *200-day MA* (\~₹690–₹700 zone).
* Sustained close above 200-DMA will strengthen bullish trend further.
---
Key Levels to Watch (WONDERLA)
🔹 Immediate Resistance: ₹674–₹690
↪️ Testing 0.786 Fibonacci level + 200-DMA zone
🎯 Short-Term Target: ₹732
↪️ Aligned with 0.618 Fibonacci retracement
🎯 Mid-Term Target: ₹773
↪️ 0.5 Fib level and psychological resistance
🎯 Extended Targets: ₹814 / ₹865
↪️ Based on 0.382 and 0.236 Fibonacci retracements
🔻 Support: ₹645
↪️ Triangle base & recent swing low
🛡️ Major Support Zone: ₹600–₹615
↪️ Strong historical demand zone & pattern bottom
---
🔔 Trading Strategy
Bias: Bullish
✅ Entry on dips above ₹665, maintaining a stop-loss at ₹645
🎯 Initial Target: ₹732
🎯 Next Target: ₹773
🔁 Once breakout is confirmed, trail stop-loss to entry level to lock in gains
---
### ⚠️ * Risks & Disclaimer *
* *Markets can be volatile*, and chart patterns may fail.
* *Set Stop Losses*, position sizing is critical.
* This analysis is for *educational purposes only* and not financial advice. Please consult your financial advisor before investing.
$NSE:SWSOLAR : Triangle Breakout with Volume ConfirmationNSE:SWSOLAR
🧠 CHART OVERVIEW
Exchange: NSE
Current Price: ₹304
Volume: 7.4M (above avg: 3.11M)
Indicators Used in this analyis: EMA (20/50/100/200), RSI (14-day), Volume, Fibonacci Retracement, Support/Resistance, Pivot HL, Symmetrical Triangle Breakout
---
🔍 TECHNICAL ANALYSIS
1️⃣ Breakout & Trend Structure
- Symmetrical triangle breakout confirmed with high volume
- Strong buying interest (7.4M vs 3.1M avg volume)
2️⃣ Support & Resistance Levels
- Support: ₹273.50, ₹244.60
- Resistance: ₹333.00, ₹350.75, ₹390.00–452.75
3️⃣ Fibonacci Retracement Insights
- Reversed from ₹220 (1.0 retracement), now approaching ₹350.75 (0.786 Fib)
- Key targets: ₹452.75 (0.618 Fib), ₹524.40 (0.5 Fib)
4️⃣ Moving Averages
- Price above EMA 20/50/100 but below 200 EMA (₹390.44)
- Short-term momentum bullish, long-term trend yet to confirm
5️⃣ RSI & Momentum
- RSI: 64.05 – Bullish but near overbought
- Momentum picking up, supporting breakout
6️⃣ Volume & Price Action
- 137% above avg volume suggests institutional interest
- Bullish marubozu candle with no upper wick
---
🎯 PRICE TARGETS (Next 3 Months)
- ₹333.00: Short-term resistance
- ₹350.75: 78.6% Fib retracement
- ₹390.00: 200 EMA & major resistance
- ₹452.75: 61.8% Fib breakout zone
---
🛑 STOP LOSS & SCENARIOS
- SL: ₹244.60 (conservative), ₹273.50 (moderate)
- Bullish: Above ₹312 → Buy dips, trail SL
- Neutral: ₹273–333 range → Observe
- Bearish: Below ₹273 → Exit, re-enter near ₹244
---
📢 DISCLAIMER
This analysis is for **educational purposes** only. Not investment advice. Markets are volatile; consult a financial expert before making decisions.
Bullish structure : ADVENZYMES - Ascending Triangle
### 🧾 **Chart Type & Time Frame**
* **Daily Candlestick Chart** (1D)
* **Exchange**: NSE (India)
* **Latest Price**: ₹305.95 (+6.12% on the day)
* **Volume**: 726.33K (well above average — **457.83%** Volume Run Rate)
---
### 📉 **Trend Analysis**
* **Primary Trend**: Downtrend from ₹517.90 (high in Nov 2024) to a bottom around ₹257.90 (March 2025).
* **Current Action**: Price is showing a **potential reversal** from a long downtrend.
* **Higher Lows Pattern**: Since the bottom at ₹257.90, price has made:
* ₹261.10 → ₹266.00 → ₹273.65 → ₹306.85 → (Now breaking above ₹306.75)
This forms an **ascending triangle** pattern (bullish bias).
---
### 📊 **Indicators & Overlays**
#### 1. **Moving Averages (EMA)**
* EMA levels:
* EMA-20: ₹290.07
* EMA-50: ₹292.01
* EMA-100: ₹310.17
* EMA-200: ₹337.89
**Current price (₹305.95)** is:
* Above EMA-20 & EMA-50 → Short-term bullish
* Slightly below EMA-100 and EMA-200 → Mid-to-long term resistance still ahead
If it breaks and sustains above EMA-100 & EMA-200, stronger uptrend confirmation.
---
#### 2. **Fibonacci Retracement (from ₹571 to ₹258)**
* **Key levels:**
* 23.6% → ₹497.15
* 38.2% → ₹451.45
* 50% → ₹414.55
* 61.8% → ₹377.65
* 78.6% → ₹325.05 *(Immediate target zone)*
**Price approaching 78.6% retracement (₹325.05)**, which is a key resistance zone. A breakout here can push prices towards ₹337-₹350 zone.
---
#### 3. **RSI (14, Close)**
* Current RSI: **\~62.90**
* Moving above the 60 level, indicating building bullish momentum.
* Still not overbought (>70), room for upward move exists.
---
#### 4. **Volume**
* Spike in volume on the breakout day → Strong confirmation.
* Today's volume: **726.33K** vs average 163.81K → Over **4x average**.
---
### 📌 **Support & Resistance Levels**
#### Key Resistance:
* ₹306.85 (recent swing high) → **Broken today**
* ₹325.05 (Fibo 78.6%)
* ₹337.89 (EMA-200)
* ₹350–365 (previous price clusters)
#### Key Support:
* ₹293–296 (previous resistance, now support)
* ₹273.65 (swing low)
* ₹258 (Fibo 100% level)
---
### 🔺 **Pattern Observed**
* **Ascending Triangle** breakout confirmed with high volume
* Bullish structure: Higher lows with flat resistance (₹306 zone)
* If price sustains above ₹306, could target ₹325–₹350 short term
---
### 🔮 **Conclusion & View**
✅ **Bullish Bias in Short Term**
* Breakout of important level with strong volume
* RSI supportive
* EMA crossovers may follow if trend continues
📈 **Short-Term Target**: ₹325 → ₹337 → ₹350
📉 **Stop Loss**: ₹293 or ₹280 (based on risk appetite)
📌 Disclaimer: This analysis is for educational and informational purposes only and does not constitute investment advice. Please do your own research or consult with a financial advisor before making any trading decisions. Markets are subject to risks.
Tirumalai: The Anatomy of a BreakoutOn the daily chart, TIRUMALCHM appears to be approaching a potential breakout from an ascending triangle pattern, a formation often associated with bullish continuation. Notably, the price has managed to close above all key EMAs, including the 200-day EMA, which is widely regarded as a long-term trend indicator.
From a momentum perspective, both the RSI and MACD indicators are showing strength on the daily and weekly timeframes. These signals may suggest the early stages of a sustained upward trend, contingent on broader market conditions and follow-through price action.
Given the current technical setup, the stock may be considered for gradual accumulation near the CMP. Alternatively, more conservative participants might prefer to wait for a potential retest of the breakout zone in the coming sessions, which could offer a more favourable risk-reward entry with a next long term resistance of ₹340 .
A technical invalidation level could be considered below the ₹251 mark, depending on individual risk tolerance and trading strategy.
Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are strongly encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions.
BEPL Breakout soonBEPL about to breakout with 16% profit in short term with triangle pattern and also 55 ema has crossed 8,13,21 ema which shows strong uptrend on moving average
Hold duration around 1-2 month
Entry - 117
Target -138
Stock has good fundamentals
So I suggest to buy BEPL Bhansali eng. Polymers LTD
BULLISH ON NBFC STOCKS, "LTF" IS ONE OF THEMEid-Ul-Adha Pick
Technical View
Cup & Handle Pattern Formation...
Near To All Time High Breakout...
Ready To Multiyear Breakout...
Ascending Triangle Breakout In Daily Chart...
Long On "LTF"
Entry Near 180-190
Buy On Dips Near 150
Sl 135
Target 205/245/335++++
#The_Chartist
I Am Not Sebi Registered Research Analyst Or Investment Advisor. You Should Advice From Your Financial Advisor. Recommendation Only For Educational Purpose.
SHAKTI PUMP : A text book break out• Stock broke a 4 month long short term trendline on 06th Jun25.
• Taken support from long term trendline.
• Big boys took position for the last 2 months without disturbing the price.
• An increase in volume is the testament of the hypothesis.
• Go long on positional/swing basis.
• Target 1: 1029.5
• Target 2: 1192
• Target 3: 1356.5
• SL for Swing traders: 878
• SL for positional trader: 839
• A RR of 1:4.75. A classical textbook breakout.
• Enjoy the show!!!
LTF Breaking Out of Consolidation and ascending triangleNSE:LTF : Breaking Out of Consolidation and ascending triangle with heavy volumes today - Is This the Next Big NBFC Move?
Price Action Analysis:
• Base Formation: Clear sideways movement between ₹160-172 levels
• Breakout Confirmation: Recent breach above ₹172 resistance with volume expansion
• Trendline Break: White descending trendline from December highs decisively broken
• Market Structure: Shift from the consolidation phase to the potential trend resumption
• Time Frame: A six-month base provides a strong foundation for sustained movement
Volume Analysis:
• Current Volume: 5.57M against 20-day average of 15.94M
• Volume Pattern: Accumulation visible during the base formation period
• Support Tests: Volume spikes coinciding with successful ₹160-164 support tests
• Breakout Volume: Adequate but not exceptional - requires monitoring for follow-through
• Distribution Signs: No significant selling pressure visible during consolidation
Key Support & Resistance Levels:
Support Levels:
• Immediate Support: ₹172 (new floor post-breakout)
• Secondary Support: ₹168 (previous resistance turned support)
• Major Support: ₹160-164 (primary consolidation base)
• Critical Support: ₹155 (breakdown level)
Resistance Levels:
• Immediate Resistance: ₹190-195 (measured move target)
• Next Resistance: ₹205-210 (psychological and technical zone)
• Long-term Target: ₹220-225 (extension target)
Trade Setup:
Entry Strategy:
• Aggressive Entry: Current levels ₹183-184 for momentum traders
• Conservative Entry: ₹175-177 on pullback to breakout zone
• DCA Approach: Scale in between ₹175-185 levels
Exit Strategy:
• Target 1: ₹192 (measured move from rectangle pattern)
• Target 2: ₹205-210 (next significant resistance)
• Target 3: ₹220+ (extension target for long-term holders)
Stop Loss:
• Closing Basis: Below ₹170
• Intraday Basis: Below ₹168
• Risk Percentage: 7-8% from current levels
Position Sizing & Risk Management:
Position Sizing:
• Conservative: 1% portfolio risk
• Moderate: 1.5% portfolio risk
• Aggressive: 2% portfolio risk (maximum recommended)
Risk Management:
• Stop Loss Discipline: Strict adherence to ₹170 closing stop
• Position Scaling: Reduce position if breaks ₹175 intraday
• Profit Booking: Book 30% at ₹192, 40% at ₹205
• Trailing Stop: Implement above ₹195 levels
Sectoral Backdrop:
NBFC Sector Positives:
• Credit Growth: NBFC credit growth outpacing bank credit
• Market Share: Gaining share in retail and SME segments
• Asset Quality: Improving collection efficiency post-COVID
• Regulatory Support: Favourable policy environment
Sector Trends:
• Digital Lending: Increased adoption of technology platforms
• Rural Focus: Growing emphasis on semi-urban and rural markets
• Partnership Models: Collaborations with fintech companies
Fundamental Backdrop:
Company Strengths:
• Group Support: Strong L&T Group parentage and backing
• Diversified Portfolio: Exposure across infrastructure and retail segments
• Quality Borrowers: Access to L&T Group ecosystem clients
• Management Quality: Experienced leadership team
Recent Developments:
• Asset Quality: Improving NPA ratios
• Profitability: Better margins and ROE metrics
• Growth Strategy: Focus on profitable growth segments
Risk Factors:
Technical Risks:
• False Breakout: Possibility of returning to the consolidation range
• Volume Confirmation: Need for sustained volume support
• Market Correlation: High beta to financial sector performance
Fundamental Risks:
• Interest Rate Risk: Rising rates impacting lending margins
• Credit Quality: Potential stress in the retail lending portfolio
• Economic Slowdown: Impact on borrower repayment capacity
• Regulatory Changes: Policy shifts affecting NBFC operations
Market Risks:
• Sector Rotation: Money moving away from financial stocks
• Liquidity Concerns: Tightening of wholesale funding markets
• Competition: Increased competition from banks and fintech
My Take:
The technical setup suggests accumulation phase completion with potential for a significant move higher. Follow the Strict Trade Plan as Explained Above.
Keep in the Watchlist.
NO RECO. For Buy/Sell.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FOLLOW for more
👍BOOST if you found it useful.
✍️COMMENT below with your views.
Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback.
Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Bank Nifty - All time high...Daily time frame shows price has formed an ascending triangle and price has closed above it on Friday creating all time high.
Near by support is seen at 55950 to 56150. Resistance is seen at 56700 zone.
One hour time frame shows price is moving inside a rising channel. Buying zones are above 56000 or 56700 zones. Sustaining above this, price can reach 56920, 57100, 57320, 57560, 57680, 57840 and 58000.
Do your own analysis before taking any trade.
Muthoot Fin. bounce from Polarity LevelsNSE:MUTHOOTFIN made a good bounce from Polarity Levels with a huge candle again with high Volumes and closing above 50 DEMA, taking Support of 200 DEMA.
On the back news of the finance ministry seeking relaxation in the new rules on gold loans proposed by the central bank, they proposed that small ticket borrowers below 200,000 rupees should be excluded from the tighter rules to ensure speedy disbursements.
Price Action & Volume Analysis:
The stock has been consolidating in a well-defined range between ₹2,060-2,070 (support zone) and ₹2,400-2,435 (resistance zone) since April 2025. Today's strong move with above-average volume of 1.16M shares (compared to the 20-day average) suggests institutional participation and potential breakout momentum.
The price action shows a classic "coiling" pattern within the broader range, with decreasing volatility over the past few weeks, often a precursor to significant directional moves.
Key Technical Levels:
Support Zones:
- Immediate Support: ₹2,169-2,180 (50 EMA confluence)
- Strong Support: ₹2,060-2,070 (tested multiple times since April)
- Critical Support: ₹1,950-1,980 (October 2024 breakout level)
Resistance Zones:
- Immediate Resistance: ₹2,300-2,320
- Major Resistance: ₹2,400-2,435 (multiple rejections)
- Extension Target: ₹2,500-2,550
Base Formation & Pattern Recognition:
The stock has formed a robust Ascending Triangle pattern since the October 2024 lows. The horizontal resistance at ₹2,400-2,435, combined with rising support levels, creates a bullish continuation pattern. The triangle's apex is approaching, suggesting an imminent breakout.
Additionally, there's a clear Flag and Pole formation visible from the March-April rally, with the current consolidation representing the flag portion.
Moving Average Analysis:
- 50 EMA (Orange): Currently at ₹2,169, acting as dynamic support
- 200 EMA (Red): Located around ₹2,000, providing long-term trend support
- The stock is trading above both key EMAs, confirming the bullish trend structure
Trade Setup & Strategy:
Bullish Breakout Play:
Entry Strategy:
- Primary Entry: ₹2,320-2,330 (on volume breakout above resistance)
- Alternative Entry: ₹2,280-2,290 (pullback entry if direct breakout fails)
Target Levels:
- Target 1: ₹2,500 (measured move from triangle base)
- Target 2: ₹2,650 (extension target)
- Target 3: ₹2,800 (psychological resistance)
Risk Management:
- Stop Loss: ₹2,150 (below 50 EMA and swing low)
- Risk-Reward Ratio: 1:2.5 to 1:3.5
Position Sizing:
Risk should only be 1-2% of portfolio capital, given the stop loss distance.
Volume Confirmation:
Today's volume spike to 1.16M shares is encouraging, representing nearly 25% above the average. This volume expansion, coinciding with price advancement, suggests institutional accumulation. Watch for sustained volume above 1M shares for breakout confirmation.
Sectoral & Fundamental Backdrop:
NBFC Sector Dynamics:
The Non-Banking Financial Company (NBFC) sector has been gaining traction due to:
- Improving the credit growth environment
- RBI's supportive regulatory stance
- Rising rural credit demand
- Digital transformation initiatives
Muthoot Finance Fundamentals:
- Dominant player in gold financing with 5,000+ branches
- Strong asset quality with minimal NPAs
- Consistent dividend payout history
- Beneficiary of rising gold prices and rural credit demand
- Digital initiatives expanding customer base
Macro Tailwinds:
- Monsoon predictions favouring the rural economy
- Wedding season demand for gold loans
- Formalization of the gold loan market
- Potential interest rate stabilization
Risk Factors:
Technical Risks:
- Failure to sustain above ₹2,300 could lead to range continuation
- Broader market correction could impact individual stock performance
- Sector rotation away from financials
Fundamental Risks:
- Gold price volatility affecting loan demand
- Regulatory changes in the NBFC space
- Competition from banks in the gold loan segment
My Take:
NSE:MUTHOOTFIN presents an attractive risk-reward setup with its ascending triangle breakout potential. The combination of strong fundamentals, sector tailwinds, and technical setup creates a compelling investment thesis. However, strict adherence to stop losses and position sizing remains crucial given the inherent market volatility.
The stock appears poised for a significant move, with the technical pattern suggesting a higher probability of an upside breakout. Traders should wait for volume confirmation above ₹2,320 levels before initiating positions.
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NO RECO. For Buy/Sell.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
ICICIGIICICIGI has given triangle breakout with very decent volume. In recent time traction in insurance sector has been observed. At current level 2000-10 there is resistance. But if it crosses and closes above this resistance level then it may do wonder! On lower side 1860 is very strong support. And upper end momentum can be played up to 2210 level. But strong upside play is possible only above 2010 closing
HINDZINC - NSE | Daily Chart Analysis📊 HINDUSTAN ZINC LTD (HINDZINC) – NSE | Daily Chart Analysis
📅 Date: May 30, 2025
📈 CMP: ₹464.75 (+2.68%)
📌 Ticker: NSE:HINDZINC
🧠 Technical Breakdown
🟢 Descending Trendline Breakout 🟢
The stock is showing early signs of strength as it approaches the apex of a long-term descending trendline. Price action is attempting a trendline breakout from a nearly year-long downtrend, suggesting the possibility of a bullish reversal.
🔍 Volume Confirmation
Steady volume buildup over the past few sessions, potentially indicating accumulation ahead of a confirmed breakout.
📉 Well-Defined Support
₹374.65 has acted as a strong demand zone on multiple occasions, offering a solid base for the current move.
📍 Key Price Levels
🔺 Resistance (Trendline Breakout Zone): ₹465
🔻 Major Support: ₹374.65
🎯 Upside Targets (on breakout):
₹500
₹535
₹575+
🛡️ Stop Loss: Below ₹440 (on breakout failure)
📌 Trading Strategy
Aggressive Entry: On breakout + closing above ₹465 with volume surge
Conservative Entry: Retest of trendline post-breakout
SL: ₹440
Target Zone: ₹500–₹575
⚠️ Disclaimer
This post is for educational purposes only and does not constitute financial advice. Always conduct your own analysis or consult a financial advisor before investing.
GMDCLTD GMDCLTD seems very strong on weekly charts. Shown strong momentum in recent trading days. And closing above 200 MA since last 5-7 sessions. Now if it closes above 385 then again it may resume its uptrend and may go up to 460 levels from here. 350 is very strong support. So closing below this may change my view
OFSS | Symmetrical Triangle | BreakOut |DailyGot it! I see the **ORACLE FIN SERV SOFT LTD** chart.
Let’s break down what we’re seeing:
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**🔍 Pattern Observed:**
✅ **Symmetrical Triangle / Ascending Triangle:**
The chart shows an **ascending triangle breakout** pattern — higher lows and horizontal resistance. Volume is starting to increase, suggesting an upcoming move.
✅ **Base Formation:**
* There was a **rectangle base** (accumulation zone) from March to April 2025, marked with a box.
* Post breakout from this rectangle (around 8,000 zone), the stock formed higher lows, consolidating into the triangle.
✅ **Resistance:**
* Horizontal resistance around ₹8,913.15 – key breakout level.
* Once price closes above this zone with volume, the pattern confirms.
---
**📈 Measured Move Target:**
* Height of the triangle / base: \~₹1,000
* Breakout level: \~₹8,900
* **Target:** ₹8,900 + ₹1,000 = **₹9,900 – ₹10,000** zone
---
**🔧 Indicators:**
* Volume increased during the breakout attempt – bullish sign.
* EMAs are starting to converge; above EMA-21 and EMA-55, showing short-term trend strength.
---
**✅ Conclusion:**
* **ORACLE FIN SERV SOFT LTD** is attempting an ascending triangle breakout.
* Confirmation comes with a strong close above ₹8,913 on increased volume.
* Target potential: ₹9,900 – ₹10,000.
Would you like me to highlight support/resistance, trendlines, and add potential trade setups (stop-loss/target zones) for this breakout? Let me know! 🚀📊