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Bank of Maharashtra (D) - Breaks Out of Bullish Triangle PatternBank of Maharashtra has delivered a powerful bullish signal today, breaking out of a classic Ascending Triangle pattern on high volume. This decisive move suggests that its consolidation phase is over and a new uptrend is likely beginning. The Setup: An Ascending Triangle Following a prior downtrend, the stock meticulously formed an Ascending Triangle pattern. This is a classic bullish structure characterized by a series of Higher Lows consistently pushing up against a flat horizontal resistance level, which in this case, has been in place since December 2024. This pattern indicates a gradual build-up of buying pressure. Today's Decisive Breakout Today's session (Wednesday, October 15, 2025) confirmed the bullish outlook with authority: - Strong Price Surge: The stock rallied by an impressive +7.60% . - Confirmed Breakout: The price decisively broke out and, importantly, closed above the key horizontal resistance of the triangle. - Huge Volume: The breakout occurred on huge trading volume , which provides strong confirmation and indicates significant buyer participation. Adding to the conviction, as you noted, trading volume has been steadily increasing over the past few days, suggesting smart money was accumulating shares in anticipation of this move. Underlying Technical Strength The breakout is well-supported by key momentum indicators. The short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are both in a strong bullish state across the Monthly, Weekly, and Daily timeframes, indicating broad-based strength. Outlook and Key Levels With the bullish pattern now confirmed, the path of least resistance has shifted firmly upwards. - Bullish Target: If the stock sustains this breakout momentum, the next logical area of resistance and potential price target is the ₹65 level. - Bearish Target: If the stock fails the breakout momentum, it could pull back to the support level around ₹54 In conclusion, today's high-volume breakout from a classic bullish pattern is a very strong technical signal. The key now is for the price to remain above the ₹58 support level to validate the start of a new, sustained uptrend.
NSE:MAHABANKLong
by Learn_with_Pth0mas
TATA Comm (D) - Breakout Confirmed, But Indecision Pauses RallyTata Communications has completed all the phases of a classic bullish breakout, but today's trading action suggests a brief pause or indecision before a potential new leg up. The overall technical posture remains strong as long as the stock holds above its newly established support. The Setup: An Ascending Triangle Following a brief downtrend from its September 2024 All-Time High, the stock began forming a solid base. This took the shape of a classic Ascending Triangle , characterized by a series of Higher Lows pushing up against a flat horizontal resistance of Equal Highs . This is a powerful bullish pattern that indicates building pressure. Last week, the stock successfully broke out of this pattern. More importantly, during the current week, it performed a successful retest of the breakout level, with the old resistance now acting as new support—a strong sign of a valid breakout. Today's Indecisive Action Today's session (Wednesday, October 15, 2025) started with strong bullish intent: - The stock opened with a gap-up on good volume. - However, by the end of the day, it formed a neutral candle (like a Doji or Spinning Top). This indicates that despite the initial buying pressure, neither bulls nor bears could gain control, resulting in a stalemate for the session. This suggests a momentary pause or indecision. Underlying Technical Strength Despite today's pause, the broader technical picture remains firmly bullish. Key momentum indicators, including the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI), are in a bullish state across the Monthly, Weekly, and Daily timeframes. Outlook and Key Levels With a confirmed breakout and retest, the path of least resistance has shifted upwards. - Bullish Target: If the bullish momentum resumes after this brief pause, the next logical area of resistance and potential target is the ₹2,175 level. - Critical Support: The breakout point, around ₹1,813 , is now the most critical support level to watch. As long as the stock remains above this "line in the sand," the bullish outlook remains intact. A close below this level would negate the breakout. In conclusion, while today's action signals a short-term pause, the overall technical evidence is bullish. The key is for the stock to hold the critical ₹1,813 support level before continuing its uptrend.
NSE:TATACOMMLong
by Learn_with_Pth0mas
GMBREW: Broke Out Post Q2 FY26 with 10x Vol, Chart of the WeekA Small-Cap Brewery Stock NSE:GMBREW Broke Out With 10x Volume and Posted 61% Profit Growth in Q2 FY26. Let's Analyse in the "Chart of the Week" As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational 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. Price Action Analysis: Trend Structure: - The stock has been trading in a well-defined ascending triangle pattern from March 2023 to September 2025 - Lower trendline support starts around 500 levels and has been holding consistently - Upper resistance formed a symmetrical descending trendline from the August 2024 peak near 1,049 - The consolidation phase between 650-750 lasted approximately 12-14 months, indicating strong accumulation Recent Breakout Dynamics: - On October 9, 2025, the stock witnessed a powerful breakout above the descending resistance trendline - The breakout candle closed at 894.45, representing a gain of 22% in a Week - Price crossed above the Volume Weighted Average Price (VWAP) with conviction - The breakout occurred exactly at the apex of the symmetrical triangle, a textbook technical setup Base Formation: - A solid base was formed between 650-750 levels from June 2024 to September 2025 - This 15-month consolidation created a strong platform for the next leg up - The base shows higher lows, indicating persistent buying interest - Multiple tests of the 700 level without breaking down confirmed strong institutional support Volume Spread Analysis: Volume Surge Characteristics: - The breakout day witnessed volume of 11.88 million shares, representing approximately 10x the average Weekly volume - Prior peak volume was recorded in July 2024 at around 11 million shares during a similar rally - The volume spike confirms genuine institutional participation rather than retail speculation - Volume during the consolidation phase remained subdued, typical of healthy base-building Volume-Price Correlation: - The recent volume expansion coincided with the Q2 FY25 earnings announcement - Volume preceded the price breakout, suggesting informed accumulation - Absence of distribution volume during the decline from 1,049 to 650 indicates strong hands holding positions Support and Resistance Levels: Key Support Zones: - Immediate support: 850-860 (breakout point and previous resistance turned support) - Secondary support: 780-800 (VWAP zone) - Major support: 700-720 (top of the consolidation base) - Critical support: 650 (lower boundary of the triangle pattern) Key Resistance Levels: - Immediate resistance: 900-920 (psychological level and minor supply zone) - Major resistance: 1,000-1,049 (previous 52-week high from August 2024) - Extended resistance: 1,150-1,200 (measured move from triangle breakout) - Long-term resistance: 1,300-1,350 (Fibonacci extension based on prior rally) Technical Pattern Recognition: Symmetrical Triangle Breakout: - The pattern took 18 months to form, indicating a significant accumulation phase - Pattern reliability is high, given the strong volume confirmation - The apex breakout timing increases the probability of follow-through momentum Volume Price Analysis (VPA): - The breakout exhibits classic VPA characteristics: rising prices on expanding volume - No signs of climactic selling during the base formation - Professional money accumulation is evident from the volume footprint - Current setup suggests continuation rather than exhaustion Sectoral Backdrop and Industry Analysis: Indian Alcohol Sector Overview: - The Indian alcohol market is estimated at USD 60.11 billion in 2025 and expected to reach USD 101.10 billion by 2032, exhibiting a CAGR of 7.7% - India's growing middle class is becoming more affluent, driving increased alcohol consumption as disposable incomes rise - India's total alcoholic beverage sector is the world's third largest, with yearly sales of $44 billion - In India, beverage alcohol volumes rose 4% in the first half of 2024, driven by strong demand for premium-plus spirits Growth Drivers: - Premiumization trend as consumers upgrade to higher-quality spirits and beer - Expanding retail distribution channels, including modern trade and e-commerce - Rising disposable incomes and urbanization are creating a larger addressable market - Changing social attitudes toward moderate alcohol consumption, especially among younger demographics - Tourism and hospitality sector recovery post-pandemic, boosting on-premise consumption Sector Risks and Challenges: - Heavy regulatory environment with varying state-level policies on alcohol sales - High taxation is impacting margins and affordability - Licensing complexities and distribution restrictions in certain states - Raw material price volatility affecting input costs - Social stigma and health concerns are potentially limiting market expansion Fundamental Analysis: Recent Financial Performance: - In Q2 FY26, net profit rose 61% year-on-year, with revenue growing 20% to ₹718 crore, while EBITDA margin expanded to 6.25% from 4.62% - For H1 FY26, total revenue reached ₹1,356 crore, marking 13% growth, with net profit rising 30% to ₹61 crore - Margins saw healthy growth at 24.9% compared to 18.9% last year - The strong Q2 results were the primary catalyst for the recent breakout Company Fundamentals: - Market capitalization stands at approximately 2,042 crore with annual revenue of 679 crore and profit of 143 crore - Promoter holding is strong at 74.4%, indicating management confidence - The company has delivered moderate sales growth of 6.32% over the past five years - GM Breweries operates with no debt and demonstrates good profit growth Valuation Metrics: - As of October 9, 2025, GM Breweries is trading at a discount of 16% based on median intrinsic value estimates - The stock trades in the small-cap segment with relatively lower liquidity compared to large-cap peers - Recent earnings surprise has likely re-rated the stock, but valuation remains reasonable relative to growth - P/E multiple expansion likely as margins improve and profitability accelerates Competitive Positioning: - Compared to industry leaders, GM Breweries lacks strong brand value and has limited market coverage - The company operates primarily in select states, providing regional focus but limiting nationwide presence - Opportunity exists to expand distribution footprint and invest in brand building - Focus on operational efficiency and margin expansion differentiates from competitors Bull Case Arguments: - Strong earnings momentum with 61% profit growth, indicating operational leverage - Technical breakout from 18-month base supported by exceptional volume confirms institutional interest - Favourable industry tailwinds with 7.7% sector CAGR supporting long-term growth - Debt-free balance sheet provides financial flexibility for expansion - High promoter holding at 74.4% aligns management interests with shareholders - Current valuation at 16% discount to intrinsic value offers a margin of safety Bear Case Considerations: - Limited brand recognition compared to established industry players - Restricted geographic presence limits growth potential - Heavy regulatory oversight and taxation pose ongoing challenges - Small-cap liquidity concerns may lead to higher volatility - Dependence on discretionary consumer spending makes business cyclical - Historical revenue growth of 6.32% over five years is modest Monitoring and Review Parameters: Key Metrics to Track: - Quarterly revenue and profit growth rates versus expectations - Margin expansion, sustainability and operating leverage - Volume growth in key markets and product categories - Market share gains or losses relative to competitors - Any changes in promoter holding or institutional ownership patterns Technical Review Points: - Weekly closing price relative to the breakout level of 850 - Volume sustainability above 3-4 million shares daily average - Formation of higher highs and higher lows to confirm an uptrend - Any breakdown below 780 would invalidate the bullish thesis - RSI and momentum indicators for early signs of exhaustion Risk Triggers: - Fundamental: Any quarterly earnings miss or margin compression - Technical: Weekly close below 780 or breach of major support zones - Sectoral: Adverse regulatory changes or significant tax increases - Market: Broader market correction below key support levels affecting risk appetite - Time-based: If the stock underperforms the sector or broader market for two consecutive quarters Full Coverage on my Newsletter this Week Keep in the Watchlist and DOYR. 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. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational 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.
NSE:GMBREWLong
by Karanshah137
17
Don’t Miss This Rare MCX Setup Breakout + Retest= Big Move AheadHello Traders! Today’s analysis is on MCX Ltd., where we just spotted a powerful Descending Triangle Breakout . After weeks of consolidation, the price has finally broken the falling resistance and even retested the breakout zone. This setup often leads to a strong trending move. Why this setup is special? Price respected support multiple times, showing heavy demand from lower levels. Breakout + Retest makes it one of the most reliable continuation patterns. Risk–Reward is highly favorable for both short-term and positional traders. Levels to Track: Currently, the best accumulation zone lies between 8000–8155 , which gives a low-risk entry point. On the upside, the immediate short-term target is around 8446 , while the medium-term level aligns with the previous ATH near 9115 . If momentum sustains, the stock even has potential to reach the positional target of 9774 . For risk management, traders can keep a short to medium-term stop loss at 7788 , while positional traders may consider a wider SL at 7522 . Rahul’s Tip: Such breakouts don’t come often. Once the retest is done, the real rally usually begins. Traders who wait too long often end up chasing the move at much higher prices. If you want to catch these setups before they take off, make sure you follow closely — (Analysis By @TraderRahulPal, TradingView Moderator). More analysis & educational content is shared regularly on my profile. Sometimes one breakout can change your trading month completely. If this helped you, don’t forget to like and follow for regular updates. Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
NSE:MCXLong
by TraderRahulPal
2
ETH Retest Confirmed – Bullish Momentum Intact!CMP: $3,968 Ethereum is holding strong above the symmetrical triangle breakout zone after a textbook breakout + retest . Despite the recent consolidation, the structure remains bullish , and the bigger pattern is still in play. 🔶 Technical Highlights: ✅ Symmetrical Triangle Breakout: ETH successfully broke out and retested the upper trendline (see red circle). This retest confirms the breakout validity. ✅ Consolidation Above Resistance: ETH is consolidating in a tight range above previous resistance , forming a potential bull flag . ✅ Pattern Targets Remain Active: 📍 Symmetrical Triangle Target: ~$7,950 📍 Bull Flag Target (if breakout confirms): ~$7,365+ 📈 Market Structure: 📍 Previous breakouts (Bullish Pennant in 2016, Falling Wedge in 2019) led to strong uptrends . 📍 Current consolidation mirrors historical patterns that preceded major rallies. 🟢 Key Level to Watch: 📍 A monthly close above $4,954.16 (previous ATH) would mark the next major confirmation, likely attracting breakout traders and institutions. 💡 ETH is showing maturity in structure – breakouts, retests, and consolidations are happening on higher timeframes with clear technical precision. The longer this base holds, the stronger the eventual move could be. 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions. #ETH | #Ethereum | #Crypto | #Breakout | #ChartPatterns | #SymmetricalTriangle | #BullFlag | #PriceAction
CRYPTO:ETHUSDLong
by Stocks_Mario
Indian Hotels: Post-Triangle Rally Taking ShapeChart Insight Price action has been coiling within a clean contracting triangle, with the recent rebound from ₹708.10 likely marking the E-wave low . The broader structure fits neatly as a possible Wave (4) consolidation within the larger uptrend. Momentum View RSI has turned higher from the oversold region, mirroring price stability near the triangle base — an early hint that momentum is rebuilding. Trade View As long as ₹708.10 holds, a bullish bounce toward ₹811.95 and possibly ₹894.9 remains favored. A break below ₹708.10, however, would invalidate this setup and point to a deeper correction. Bias: Bullish — possible Wave (5) breakout from triangle consolidation Risk Level: Moderate (tight invalidation) 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.
NSE:INDHOTELLong
by WaveXplorer
Symmetrical Triangle & Parallel Channel CoexistenceThis weekly chart of Tara Chand Infralogistic Solutions Ltd. serves as a case study in identifying and analyzing overlapping price action structures in 3 Main Points - 1) The chart highlights a well-defined symmetrical triangle pattern, with one white line representing the counter-trendline (CT) and another as the primary trendline (T), illustrating the process of volatility contraction. 2) Overlaid within the triangle, a clearly marked parallel channel (in pink) frames the intermediate price swings during the recent consolidation. The channel illustrates rotational movement within the broader consolidation envelope, mapping the climb and retracement cycles more granularly. 3) Volume, Fibonacci retracement levels, and the shaded value area further reinforce the chart’s impartial focus on structure, without implying directionality. This example serves as a valuable reference for recognizing multi-pattern contexts and appreciating how classical patterns—when viewed together—help decode complex phases of price organization. - Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:TARACHANDLong
by Averoy_Apoorv_Analysis
#RGL – Ascending Triangle Breakout Loading?CMP: 135.50 Setting up for a potential bullish breakout with a classic Ascending Triangle pattern on the monthly chart , following a strong prior uptrend. 🔹 Overhead Resistances: 146 / 177 / 207 🔹 Breakout Confirmation Level: 218 🔹 Support Zone: 103 – 99 🔹 Pattern Target: 335+   🔸 ~68% upside from breakout level   🔸 ~150% upside from CMP (135) 📉 Pattern Invalidation Level: 80 MCB 📈 A sustained breakout above 218 (monthly close) may open the gates for a strong move towards 335+. Patience is key on monthly patterns, but reward could be worth the wait. #RGL | #RenaissanceGlobal | #AscendingTriangle | #ChartPatterns | #LongTerm 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:RGLLong
by Stocks_Mario
#Nifty | Will Nifty Break Free? Triangle Says Soon!#Nifty Daily Outlook: CMP: 25,285 Pattern: Symmetrical Triangle ▶️ A Symmetrical Triangle pattern is forming on the daily timeframe , following a strong uptrend , a classic bullish continuation setup . 🟣 Breakout Level: A daily close above the falling trendline from the all-time high (ATH) ( marked in purple ) will confirm the breakout. 🎯 Pattern Target: 26,700 🔒 Pattern Invalidation: Close below 24,337 DCB Price action is compressing tightly within the triangle, indicating a potential volatility expansion soon. Breakout confirmation could reignite momentum toward new highs. ✅ Dips into support zones can be used for positioning, with proper risk management. 📌 Support & resistance levels remain the same as shared in the tagged weekly post. #Nifty | #Nifty50 | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:NIFTYLong
by Stocks_Mario
Dynamatic (D) - Double Breakout Signals Trend ContinuationAfter consolidating since its all-time high in April 2024, Dynamatic Technologies has delivered a powerful and technically significant breakout, suggesting its previous uptrend is ready to resume. The Consolidation Pattern For the past several months, the stock has been trading within a Triangle Pattern . This is a classic continuation pattern, indicating a pause in the trend rather than a reversal. While there have been several attempts to breach the upper descending trendline of this pattern in the past, all have failed, highlighting the strength of the resistance. Today's Decisive Breakout Today's session was exceptionally bullish and stands out from previous attempts for two key reasons: 1. Powerful Surge: The stock surged +12.19% , decisively breaking out of the triangle pattern's angular resistance. 2. Dual Confirmation: Critically, the move also pushed the stock's closing price above a key horizontal resistance level that has been in place since June 2025. Breaking two distinct and significant resistance levels on the same day provides strong confirmation that this is a genuine breakout, not another "fakeout." Outlook and Key Levels With the consolidation phase likely over, the path of least resistance appears to be upward. - Bullish Target: If this bullish momentum is sustained, the next logical target for the stock is the ₹8,590 level. - Key Support: Should the momentum fade, the recently breached horizontal resistance near ₹6,800 is now expected to act as the primary support level. The key confirmation to watch for in the coming days is sustained trading above the breakout zone. A successful retest of this area as support would further validate the bullish outlook.
NSE:DYNAMATECHLong
by Learn_with_Pth0mas
Symmetrical Triangle Breakout Watch | Sequent Scientific-Red line marks a key counter trendline (resistance) from previous swing highs, acting as a short-term ceiling. -Green line indicates the primary trendline (support) from recent swing lows, showing steady price strength. -Hidden dashed lines reveal underlying resistance zones, adding complexity to potential breakout levels. -The overall chart displays a large symmetrical triangle pattern—a classic consolidation setup, Simple . - Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:SEQUENTLong
by Averoy_Apoorv_Analysis
Triangle Breakout Alert: Aluminium Bulls Waking Up?CMP: $2743 Aluminium is breaking out of a symmetrical triangle on weekly timeframe after months of consolidation. 📍 Breakout Zone: $2736 – $2799 📉 Support Levels: $2633 / $2543 – $2481 📈 Resistance Zones: $3170 – $3229, then $3388 🎯 Symmetrical Triangle Pattern Target: ~$3378 (+23% from CMP), which aligns closely with the major resistance zone between $3229 – $3388 . A weekly close above $2736 – $2799 could support further upside momentum. If price pulls back within the triangle , dips toward the support zone around $2633 - $2481 may be worth watching for possible reactions. 👀 Watch for price action in the coming weeks, could confirm or invalidate the breakout. #Commodities | #Aluminium | #BaseMetals | #Breakout | #ChartPattern | #SymmetricalTriangle | #TechnicalAnalysis | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
TRADENATION:ALUMINIUMLong
by Stocks_Mario
Sagility cmp 43.47 by Daily Chart view since listedSagility cmp 43.47 by Daily Chart view since listed - Support Zone 40.75 to 42.75 Price Band - Resistance Zone 45.50 to 47.50 Price Band - Price traversing inside Symmetrical Triangle pattern - Support Zone repeatedly tested rested since month of July 2025 - Price trending in Darvas Box range 41.50 to 47.50 and awaiting Breakout - Price rejection seen by frequent selling pressure at Resistance Zone upper band - Fresh Breakout possible basis supportive Volumes based closure above 47.50 price level for few days
BSE:SAGILITY
by PIYUSHCHAVDA
2
BEL (Bharat Electronics Ltd) – Technical SetupPattern: Symmetrical Triangle breakout visible on the daily chart. Breakout Confirmation: Price has moved above the triangle resistance trendline with rising volume. Targets (Fibonacci-based): 1st Target: ₹435 2nd Target: ₹480 3rd Target: ₹512 Stoploss: ATR-based, below support zone (~₹395–₹400). --- 🔎 Multi-Timeframe Check Daily: Strong breakout setup with RSI > 60, MACD crossover supportive. Hourly: Needs sustained close above breakout for confirmation. Weekly: Still consolidating → needs alignment for a stronger positional view. --- 🌍 Macro Drivers Sector Theme: Defense + Infrastructure remain in focus. Policy Tailwind: “Make in India” defense push supportive for long-term growth. Global Context: Rising defense spending globally adds sentiment support. --- 📝 Reflection / Post Context "BEL is showing a symmetrical triangle breakout on the daily chart, backed by volume and positive momentum. While hourly/weekly charts are yet to fully align, the macro backdrop of defense and infrastructure support the bullish bias. ATR-based stoploss below ₹400, with upside targets at ₹435, ₹480, and ₹512."
NSE:BELLong
by Punit190
SRFSRF is exhibiting a triangle breakout, supported by a reversal and currently trading above a key support level. The stock has formed a strong bullish candle, indicating positive sentiment. It's advisable to monitor the next trading session for confirmation of continued upward momentum. If the bullish trend persists, further price appreciation can be expected. Given the current technical setup, there is a high probability of sustained upward movement. However, to manage risk effectively, implementing a stop-loss strategy remains essential.
NSE:SRFLong
by NK-PK
Prakash Ind (D) - Coils in Major Triangle Pattern, Nearing ApexPrakash Industries is currently in a prolonged consolidation phase, trading within a large Triangle pattern that has been forming since September 2023. This pattern typically acts as a continuation of the prior trend, which in this case was a strong uptrend that began in April 2023. The stock is now approaching the apex of this triangle, suggesting a significant price move could be imminent. The key boundaries to watch are: - A formidable long-term resistance trendline dating back to January 2008 . This level has triggered several "fake breakouts" in the past. - A strong support trendline established since September 2023. Outlook: A Breakout Awaits Confirmation The stock is likely to remain range-bound in the immediate short term. A decisive move will only occur upon a breakout or breakdown from the existing pattern, which must be confirmed by a significant increase in trading volume. - Trading Range: Within the current pattern, the stock could oscillate between the upper resistance near ₹187 and the lower support level around ₹160 . - Breakout Scenario 📈: A sustained breakout above the multi-year resistance on high volume would signal a continuation of the primary uptrend. - Breakdown Scenario 📉: Conversely, a breakdown below the support trendline would invalidate the bullish continuation thesis and could lead to a significant correction.
NSE:PRAKASH
by Learn_with_Pth0mas
Power Finance Corp cmp 411.15 by the Weekly Chart viewPower Finance Corp cmp 411.15 by the Weekly Chart view - Support Zone 380 to 400 Price Band - Resistance Zone 440 to 460 Price Band - Price traversing within Descending Triangle pattern after ATH - Rising Support Trendline well respected by touch points since close to 2 years - Price seen majorly trending inside Darvas Box since Mar 2025 in a range of 380 to 440 - Volumes in close sync with avg traded qty on Daily Chart and in steady stream by Weekly Chart
NSE:PFC
by PIYUSHCHAVDA
2
Sensex - Expiry day analysis Oct 1For the past two days, the price has been moving within the range of 80200 to 80800. And today's movement has formed a triangle pattern. Unless the range is broken, the movement can be choppy. Nearby support is seen at 80000. If 80k is broken, the next support is at the 79750 to 79820 zone. Buy above 80320 with a stop-loss of 80200 for targets of 80400, 80520, 80640, 80760, and 80880. Sell below 79960 with a stop-loss of 80100 for the targets 79840, 79760, 79640, 79520, 79400, and 79240. If the price does not gain strength, we can expect a range move between 80k and 80700.
BSE:SENSEX
by vanathi
4