WELSPUNLIV | Weekly Confluence | Volume-Based Bounce Setup🧿 WELSPUNLIV | Weekly Confluence | Volume-Based Bounce Setup
Welspun Living Ltd | Positional Trade Idea
🔍 Why This Stock?
Price bounced strongly from the ₹110–₹120 support zone, which has held for over a year.
Bullish engulfing candle on daily TF, aligning with a weekly reversal.
Massive volume spike (7–8x average) suggests smart money accumulation.
Reclaiming the 50 DMA, showing signs of early momentum.
Weekly structure shows a potential base formation with volume confirmation.
📈 Trade Setup
Entry: ₹142.4 (after a strong daily close above this level)
Stop Loss (Closing Basis): ₹119.3
Target 1: ₹181
Target 2: ₹214
💰 Risk–Reward
Risk = ₹142.4 − ₹119.3 = ₹23.1
Reward to T1 = ₹181 − ₹142.4 = ₹38.6
Reward to T2 = ₹214 − ₹142.4 = ₹71.6
📊 Final R:R
R:R to T1 = 1 : 1.67
R:R to T2 = 1 : 3.10
Risk from Entry = 16.2%
⚠️ Risks to Consider
Still below 30 DMA & 200 DMA → trend is not confirmed yet.
The broader market (Nifty 500) is also trading below 200 DMA.
Geopolitical volatility + uncertainty heading into late 2025.
Expect pullbacks, shakeouts, and false breakouts.
Drawdown potential = 16.2% — size your position carefully.
🧠 Entry Conditions
Wait for a strong close above ₹142.4 with volume confirmation.
No early entries. Watch for follow-through next session.
Avoid jumping in during intraday spikes — confirmation is key.
🛡️ Risk Management
Position sizing is everything. Don’t YOLO a high-volatility setup.
Respect the SL — this is not optional.
High R:R setups are worthless if you get stopped out oversized.
Volatility in 2025 is expected to be brutal — trade like a sniper, not a machine gun.
Quarterly results are around the corner — trade with caution as earnings volatility can invalidate technical setups.
If the trade moves in our favour and approaches the all-time high, we will review the setup for fresh risk-reward alignment and partial booking.
#volume #breakout #positional #priceaction
📜 Disclaimer
This is a personal market view. Not a recommendation. For educational purposes only. Please consult your registered financial advisor before making trading decisions.
Volumeanalysis
Data Patterns - Trendline BO with High Vol. - Chart of the MonthNSE:DATAPATTNS showed good price action this month, breaking the trendline with high volumes, showcasing strength in this market. Defence Industry Stocks are showing relative strength and looking to continue that further, qualifying for my Chart of the Month.
About:
NSE:DATAPATTNS is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. It is among the few vertically integrated defence
and aerospace electronics solutions providers catering to the indigenously developed defence products industry. It is focused on in-house development and manufacturing facilities led by innovation and design, and development efforts. It has been in business for over 35 years. It has supplied products catering to all the platforms, viz., space, air, land and sea, including products for LCA-Tejas.
Trade Setup:
Buy on Dips near Trendline Support or the base for Positional Traders and on breakout of the candle high for Swing Traders.
Target:
Around ATH Zones, ideally, if sustained,d can go further up.
Stop Loss:
Entry Candle Low For Swing Traders and Base Marked for Positional Traders.
📌Thank you for exploring my idea! I hope you found it valuable.
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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 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.
NORTHERNARC | Simple Price action Textbook CT breakout confirmed on the Daily chart:
✅ Strong demand zone formation with clear upward push
✅ Multiple volume spikes signaling institutional activity
✅ Clean Counter-Trendline (CT) breakout
✅ Hidden resistance line (dotted) also broken — extra confluence
✅ Immediate supply zone above marked for next watch
Breakout candle closed strong with momentum. Setup aligns with high-conviction strategy criteria — watching price action near supply for continuation or base formation.
Short Covering Trap Strategy – How to Catch Massive Moves!Hello Traders!
Today, we are diving into one of the most powerful and explosive setups in trading — the Short Covering Trap Strategy . When shorts get trapped and are forced to exit their positions, it can trigger massive upward moves in a very short time. If you can spot these traps early, you can ride some of the fastest rallies in the market!
What is a Short Covering Trap?
Short sellers bet on the market falling by selling first, planning to buy later at a lower price.
When the market suddenly reverses up against their position, they are forced to buy quickly to cover losses — creating a short covering rally .
This forced buying can lead to big green candles, breakout moves, and strong trend continuation .
How to Spot a Short Covering Trap
Identify Weakness or Breakdown Attempt
→ Price tries to break a support level but immediately reverses with high volume.
Sharp Reversal Candle
→ Look for strong bullish engulfing, hammer, or big green marubozu candle after false breakdown.
Volume Spike Confirmation
→ Check for sudden volume surge along with price reversal.
More volume = more trapped shorts.
Breakout Above Resistance
→ If price breaks above immediate resistance after trapping shorts, momentum can explode.
Real Example (OI Study please check chart above)
On 25th April 2025, Nifty faced rejection from the Resistance Zone around 24,100 levels.
OI data at 2 PM showed rising call writing pressure — indicating strong bearish sentiment initially.
By 3:30 PM, signs of weakening call writers emerged as put writers started adding positions, hinting at potential reversal.
On 28th April 2025, after Monday market opening, early morning OI data (9:15 AM and 10:15 AM) showed massive unwinding of call writers and heavy addition of put writing.
This sudden OI shift triggered a Short Covering Trap , leading to a quick rally of around 284 points in a short time.
Entry, Stop Loss, and Target Plan
Entry:
After confirmation candle closes above immediate resistance.
Stop Loss:
Below the reversal candle or recent swing low.
Target:
First target = Previous day's high or next major resistance.
Second target = Risk-Reward 1:2 or more.
When to Avoid This Setup
Low Volume Moves:
If the reversal happens without volume, it’s risky — avoid trading it.
Trending Down Days:
If broader market sentiment is heavily bearish, short covering may not sustain.
Rahul’s Tip
“Short covering rallies are like a firecracker — fast and furious. Ride it with strict risk control and exit smartly at targets.”
Conclusion
The Short Covering Trap Strategy offers some of the best risk-reward trades, especially in volatile markets. Recognize the signs early, manage your risk, and you can catch powerful explosive moves before the crowd!
Have you ever caught a massive short covering rally? Share your best trades and experiences in the comments below!
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The VWAP Bounce Strategy – BankNifty Traders’ Favourite Setup!Hello Traders!
If you love trading BankNifty, then you must’ve heard of the VWAP Bounce Strategy . It’s one of the most popular and reliable intraday setups used by professional traders. Simple to spot, easy to execute, and highly effective during strong trending days. Today, I’ll explain exactly how to use the VWAP bounce strategy to enter high-probability trades — with confidence and clarity.
What is VWAP & Why It Works?
VWAP (Volume Weighted Average Price) acts as a dynamic support or resistance level during intraday moves.
Institutional traders and smart money often watch VWAP for mean reversion entries or trend continuation setups .
In BankNifty, VWAP bounces happen frequently due to high volatility , offering clean risk-reward trades.
How to Trade the VWAP Bounce Strategy
Step 1 – Wait for a Trend to Establish
→ Price must be trading clearly above or below VWAP to confirm trend bias.
Step 2 – Let Price Pull Back to VWAP
→ Watch for a healthy retracement after a strong move. VWAP should act as a bounce zone.
Step 3 – Confirmation Candle Near VWAP
→ Look for a bullish/bearish engulfing, pin bar, or hammer candle on VWAP.
Step 4 – Entry, SL & Target
→ Enter after confirmation candle closes
→ SL: Below/above the candle or VWAP
→ Target: Recent high/low or 1:2 RR
Check the BANKNIFTY Chart above for practical example
When NOT to Trade This Setup
Inside CPR Day: Sideways market with no momentum? Avoid it.
Choppy Price Action Around VWAP: No clean bounce = no trade.
News-Driven Volatility: Sudden spikes may break VWAP unpredictably.
Rahul’s Tip
“VWAP bounce works best when there’s clean trend & confidence from smart money.” Combine with volume and candle structure — and never force the trade.
Conclusion
The VWAP Bounce Strategy is loved by intraday traders for a reason — it provides structure, clarity, and clean entries . Especially in fast-moving indices like BankNifty, it can be your edge if traded with discipline.
Have you tried this strategy? Share your win/loss experience in the comments — let’s grow together!
Breakout Alert on Ntpc Green LTD🔹 Counter Trendline Breakout (CT BO)
Price action has broken a well-respected counter trendline, indicating a potential shift in momentum from bearish to bullish. This breakout isn’t just symbolic — it's backed by conviction.
🔹 Volume-Based Confirmation
Today's bullish candle comes with significantly high volume, suggesting institutional activity and strong buyer interest. Volume is one of the most critical confirmation tools in breakout trading — and it's speaking loud and clear here.
🔹 Low → Higher Low → Breakout
A major Low was established earlier.
Price then formed a Higher Low Zone, indicating accumulation and a potential trend reversal.
The breakout candle confirms the Higher High – Higher Low (HH-HL) market structure — a classic signal of trend reversal and early uptrend formation.
🔔 Add to your watchlist.
📍 Mark the breakout zone.
📈 Let price action guide your decision.
OPTIEMUS: A Powerful Demand Zone with Breakout Retest ConfluenceNSE:OPTIEMUS is setting up for something very interesting — both from a traditional technical perspective and through the lens of the supply and demand concept. If you're a trader who loves high confluence zones and clean structures, this analysis is definitely worth your attention!
Let’s break it down in a step-by-step, top-down format.
🔥 Weekly Chart Analysis – The Bigger Picture 🔥
When we zoom out to the weekly chart, something really striking stands out. The stock was in a tight consolidation phase for nearly 3 years. During this period, volume was consistently high — an early sign that big players were possibly accumulating.
Then came the breakout — massive volumes , strong momentum, and a sharp move to the upside. This rally gave exceptional returns to early entrants. But as expected, after such a move, the price pulled back.
Here’s where it gets exciting: the stock has now returned to the very same zone it broke out from. This level acted as a strong resistance multiple times in the past. And according to the Law of Polarity , a broken resistance often flips to become a strong support.
Not only is the price back to that breakout level, but it's also doing so with very low volume — a classic indication of a healthy retest rather than panic selling.
🧠 Supply and Demand Concept – Strong Confluence Zone 🧠
Now let's apply the demand and supply perspective — and this is where the setup gets really juicy.
A fresh and powerful weekly demand zone has formed exactly where the breakout took place. This zone has a clear imbalance — a strong leg-out candle with strong follow through. It’s a textbook demand zone with high conviction .
Even better, this demand zone is sitting right on the old resistance (now support) level — giving us double confluence .
And guess what? There is no supply zone visible on the weekly timeframe above the current price. That means the sky is clear — the price has room to fly, if it starts moving up from here.
🔎 Daily Chart Analysis – Zooming Into the Details 🔎
Moving down to the daily timeframe, we find even more reason to stay excited.
There’s a daily demand zone nested inside the weekly demand zone — a perfect case of multi-timeframe confluence . While this daily zone has been tested once, the follow-through was strong, indicating buyers are still active.
There is a nearby supply zone on the daily chart, but it’s already been tested. The next significant supply zone is about 42% above the current market price, while the risk to the distal line of the demand zone is just 9% .
That gives us a very attractive Risk to Reward ratio of 1:4.5 — which is highly valuable in technical setups.
📊 Key Technical Highlights
Weekly breakout retest with low volume pullback
Strong weekly demand zone with strong follow through
Demand zone formed at previous resistance – high confluence
No supply zone on weekly – open upside
Daily demand zone inside weekly – excellent multi-timeframe setup
Nearby tested supply on daily, next fresh supply 42% away
Risk to Reward ratio: 1:4.5
⚠️ Risk Management Reminder ⚠️
Even though this is a high-conviction setup, remember: no setup is guaranteed . Always use proper risk management, stop-loss strategies, and position sizing. Protect your capital — it's your trading ammo.
✨ Final Thoughts ✨
This NSE:OPTIEMUS chart is a great learning opportunity for anyone studying supply and demand or traditional breakout structures. Whether you’re new or experienced, setups like these reinforce the value of patience and technical clarity.
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.
💡 "The market rewards those who wait patiently with a plan, not those who rush in with hope." 💡
🚫 This analysis is for educational purposes only. I am not a SEBI registered analyst and this is not a trading or investment recommendation.
#HDFCBANK - Potential Breakout / Keep in WL 📊 Script: HDFCBANK
Key highlights: 💡⚡
📈 Cup & Handel Break Out in Daily Time Frame.
📈 Price consolidation near Resistance
📈 Enter only if Volume spike is seen.
📈 One can go for Swing Trade.
BUY ONLY ABOVE 1838 DCB
⏱️ C.M.P 📑💰- 1806
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
️⚠️ Important: Market conditions are bad, Position size 20% per Trade. Protect Capital Always
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with MMT. Cheers!🥂
What is 'Hot Money Flow' and How to Use It in Your Trades!Hello Traders!
Ever noticed how certain stocks or sectors suddenly get all the attention — with volume, price action, and buzz? That’s called Hot Money Flow . It’s the smart money rotating quickly into momentum plays — and as traders, learning how to follow it can give you a serious edge.
Let’s break it down in simple terms and learn how to ride the wave instead of missing it.
What is Hot Money Flow?
It refers to fast-moving capital that flows into stocks or sectors showing strength, momentum, or fresh news.
Smart money (like institutions, FII, or big traders) quickly shifts funds to chase short-term gains in active names.
It creates high volume, fast price movement, and short-term volatility — perfect for intraday or swing trades.
How to Identify Hot Money Flow
High Relative Volume (RVOL): Stocks trading at 2x or more their average volume show active interest.
Sector Rotation Clues: If multiple stocks from the same sector are moving together, hot money may be flowing there.
News Triggers: Stocks reacting to news, results, or budget-related triggers often attract hot money.
Breakouts with Volume: A clean breakout supported by volume is a classic hot money setup.
How to Trade with Hot Money Flow
Act Fast, But Smart: These trades don’t last forever. Enter with a clear plan — don’t chase after the move is done.
Use Tight Stop Losses: Hot money reversals can be sharp. Risk management is key.
Monitor Sector Leaders: If leaders break down, the rest may follow — stay alert.
Exit Early or Trail SL: Lock profits quickly or trail SL — these trades are momentum-based, not long-term.
Rahul’s Tip
Hot money creates waves — your job is to ride them, not fight them. Follow volume, news, and sectors — and trade like a sniper, not a machine gun.
Conclusion
Hot Money Flow is a powerful clue that shows where action is happening. If you learn to spot it early — using RVOL, sector activity, and breakouts — you’ll position yourself ahead of the crowd. Just remember, speed and discipline matter most in this game.
Have you ever caught a hot money move early? Let’s discuss in the comments below!
CSB Bank | WTF Breakout – Can Bulls Sustain? 📈 Stock: CSB BANK LTD (NSE)
Key Breakout Signals:
✅ CT Resistance (White Line) – Broken! A solid breakout on the weekly timeframe (WTF).
✅ Hidden Resistance Cleared! The lower white trendline resistance has been taken out.
✅ Monthly Resistance Ahead (Yellow Line)! Price approaching the higher timeframe barrier.
✅ Massive Volume Surge: Buyers stepping in strongly – Friday’s close will confirm!
🔥 A classic CT-based breakout setup with strong volume! Will bulls conquer the monthly resistance? Drop your views below! 👇
Gujarat Alkalies | Explosive Double Bottom Breakout!📈 Stock: Gujarat Alkalies & Chem (NSE)
💰 CMP: ₹647.75 (+14.50%)
🚀 Why This Chart Stands Out?
✅ Double Bottom Breakout: A textbook bullish reversal pattern with a strong retest.
✅ Supply-Demand Flip: The red zone acted as a resistance, now turning into support.
✅ DTF CT Resistance (White Line): Broken! A major trendline breakout signals momentum shift.
✅ WTF Resistance (Yellow Line) Next: The last hurdle before a potential strong rally.
✅ Volume Confirmation: Increasing volumes validate the breakout, showing buyer confidence.
🔥 A perfect mix of breakout, volume, and price action! Ready for the next leg up? Comment below! 👇
Short Term Trading Idea for Power Grid Corp Ltd.Hello everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought an idea which is for power sector leader stock. Yes it is Nifty50 stock, Please check chart aove for 1-hour chart of Power Grid Corp Ltd ., we can see a clear Inverted Head and Shoulders pattern, a bullish reversal formation indicating potential upside movement. The breakout from the neckline has already occurred, with a significant volume spike confirming the strength of the move. This breakout suggests the stock is likely to continue its upward momentum in the short term.
For entry, consider buying within the range of 272-267 with a stop loss at 262 . The first target is set at 278 , followed by 286 and a final target of 292 , offering an estimated upside of 8.5% . The strong volume during the breakout adds confidence to this trade, making it a solid short-term opportunity with a good risk-to-reward ratio. Always be mindful of price action around entry points and adjust your strategy accordingly.
I have an option trade as well for this strategy:
For option buying:- Take 265ce which is trading at 10.15, and keep strictly stop loss at 6.5 and Targets will be 12.25/14.65/17.15++
For Option writing (Sell) with hedging:- Sell 275 pe which is trading at 8.05 and buy 265 pe which is now at 3.75. ( I will suggest you to choose this strategy )
NOTE:- Please strictly follow stop loss,options trading carry huge risk and reward so trade carefully or simply go with cash trade.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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Three Black Crows: How to Spot and Profit from Bearish ReversalsHello Traders!
I hope you’re all doing great! Today, we’ll discuss the Three Black Crows candlestick pattern, one of the most reliable bearish reversal patterns you can find in technical analysis. If you're serious about identifying potential trend reversals, understanding this pattern is essential.
The Three Black Crows is a powerful bearish signal that typically marks the end of an uptrend. It consists of three consecutive long red (or black) candles that close progressively lower, showing strong selling pressure and a shift in momentum. This pattern is particularly effective when it forms at a key resistance level, and it can lead to significant price declines.
What is the Three Black Crows Pattern?
The Three Black Crows candlestick pattern signals the reversal of an uptrend. The pattern forms when:
The first candle is a large red candle, closing near the low of the day.
The second candle opens below the first one and closes lower.
The third candle opens lower than the second one and closes near its low.
Each candle in the sequence is characterized by strong bearish price action, and their alignment suggests that bears are gaining control.
Key Characteristics of the Three Black Crows Pattern
Bearish Trend Reversal: Three long red candles following an uptrend suggest a shift in momentum from buyers to sellers.
Strong Resistance Zone: The pattern is more reliable when it forms near a strong resistance level, where the price has struggled to move past in the past.
Closing at the Low: Each of the three candles closes near their respective lows, showing increasing selling pressure.
Volume Confirmation: Volume should ideally increase with each successive candle, confirming that bears are taking control.
How to Trade the Three Black Crows Pattern
Entry Point: After the formation of the third candle, consider entering a short position once the price breaks the low of the third candle. This confirms the bearish trend.
Stop Loss: Place your stop loss just above the high of the third candle to minimize risk in case of a false breakout.
Profit Target: Measure the distance from the high of the pattern to the low of the third candle. Project this distance downward from the breakout point to estimate your profit target.
Real-World Application: Tata Consultancy Services Case Study
In the chart of Tata Consultancy Services (above), we can see a classic example of the Three Black Crows pattern. The price formed a resistance zone and then saw the three consecutive bearish candles break the support, confirming the bearish trend reversal. The huge fall after the pattern’s confirmation indicates the power of this candlestick formation.
Risk Management Considerations
Position Sizing: Adjust your position size based on your risk tolerance and make sure it fits within your overall portfolio strategy.
Stop Loss Placement: Place your stop loss above the third candle to avoid potential losses from a false breakout.
Confirmation with Volume: Always wait for volume confirmation before entering the trade. Volume should increase as the pattern forms.
What This Means for Traders
The Three Black Crows is an excellent pattern to spot potential trend reversals, especially after an uptrend. This pattern works best when combined with other technical indicators like trendlines, support and resistance, and moving averages to confirm the trend reversal.
Look for the pattern at resistance levels to identify high-probability bearish reversals.
Confirm with volume to increase the reliability of the pattern.
Use proper stop loss placement to manage your risk and ensure a favorable risk-to-reward ratio.
Conclusion
The Three Black Crows candlestick pattern is a reliable bearish reversal signal that can help traders capitalize on price declines. By identifying the pattern correctly, waiting for confirmation, and applying solid risk management strategies, you can improve your trading success.
Have you traded using the Three Black Crows pattern?
Share your experiences in the comments below! Let’s keep learning and growing together!
"Crucial Neckline Breakout Ahead for Ashiana Housing LtdHello everyone, today i have brough a news base trade setup of Ashiana Housing Ltd. and it is showing an exciting setup on the charts as it approaches a neckline breakout level at ₹368. This is a critical resistance zone, and if the stock sustains above this level, it could mark the beginning of a strong upward move.
Here’s why this is interesting:
Technical Setup: After a period of consolidation, the stock is attempting to break out of a well-defined neckline. This kind of breakout often signals the start of a new trend.
Volume is Key: A breakout supported by higher volumes would confirm strong buying interest, which is exactly what traders want to see.
Recent News Adds to the Momentum:
Ashiana Housing recently launched the final phase of its luxury residential project, Ashiana Ekansh, in Jaipur's Mansarovar Extension. This has been well-received and could boost the company’s fundamentals.
While the stock faced some selling pressure recently, the current setup indicates the potential for a turnaround.
Key Levels to Watch:
Entry Point: ₹368 – Breakout confirmation is crucial.
Stop Loss: ₹344 – To manage risk effectively.
Targets:
1st Target: ₹413
2nd Target: ₹438
3rd Target: ₹468
Why This Matters:
A breakout from this level could provide a solid risk-reward opportunity for traders. However, patience is key – wait for confirmation before jumping in. Also, keep an eye on the broader market sentiment and any updates related to the company.
Final Thought:
Ashiana Housing is at a pivotal point. If the breakout happens, this could be an exciting ride to the targets. Stay alert, manage your risks, and let the market guide you.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If you found this analysis insightful, don’t forget to hit like and follow for more such content!
For related trading ideas and educational posts, check out our profile TraderRahulPal Let’s learn and grow together!
Aarti Pharmalabs | Rectangle Pattern Breakout | Big Upside AheadHello everyone! I hope you all are doing great. 😊 Today, I’ve got something interesting for you – a solid breakout in Aarti Pharmalabs! After months of going sideways, Aarti Pharmalabs has finally woken up! The stock was stuck between 555 (support) and 695 (resistance) for a long time, but now, the bulls have taken control and pushed it past this critical resistance zone.
Here’s what’s happening:
The price tested 695 multiple times but kept getting rejected. This time, it broke out with strong volume , showing that buyers mean business. This could be the beginning of a strong uptrend!
Key Levels to Watch:
🔹 Short-Term Target: 815
🔹 Final Target: 895
🔹 Best Entry Zone: 750-715 (if we get a pullback, it’s a golden chance!)
🔹 Stop Loss: 670 (always manage risk!)
Fundamental View:
Aarti Pharmalabs is growing steadily, expanding into regulated markets , and benefiting from increasing demand for specialty chemicals . The sector looks strong, but risks like raw material costs and regulatory challenges remain. Despite that, the stock is still at a reasonable valuation and has room for further upside.
What’s Next?
As long as the breakout holds above 695 , the bullish momentum should continue. If we see a retest of the breakout zone, it could be a great entry point before the next rally.
What do you think? Will Aarti Pharmalabs hit 895 soon? Drop your thoughts in the comments!
Disclaimer: This analysis is for educational purposes only . Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together— happy trading!
Godfrey Phillips India: Strong Breakout & Impressive Q3 Results!Hello everyone!
I hope you all are doing great. Today, I bring you a high-potential trading idea in Godfrey Phillips India . The stock has broken out from a downward channel , which indicates a bullish reversal . If the price retraces to the breakout level, the 5,650-5,350 range could be a good entry point. Set a stop loss just below 4,949 , and target the levels of 6,690 , 7,600 , and 8,535 for potential gains. Make sure to follow the levels closely for confirmation.
Now, talking about the fundamentals , Godfrey Phillips has shown great results in its latest quarter. The company’s total income stood at Rs. 1,896.75 crore , which is a solid growth from Rs. 1,482.11 crore . Net profit has also increased to Rs. 332.33 crore , reflecting its strong performance. The EPS also jumped to Rs. 63.92 , showing the company’s ability to keep growing despite the market conditions.
To wrap up , this breakout from the downward channel, along with solid quarterly results, gives me confidence in this trade. The 5,650-5,350 range looks like a solid entry, with a stop loss below 4,949 to manage risk. Focus on the 6,690 , 7,600 , and 8,535 levels as your targets, and let’s watch this play out for solid returns!
Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
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! 🚀📈
#ASTRAZEN - Potential All Time High BreakOut / Feb'25📊 Script: ASTRAZEN
Key highlights: 💡⚡
📈 Stock is in a Stage 2 Up Trend
📈 VCP under formation in DTF
📈 Wait for more consolidation
📈 BO with volume spike, then only enter
📈 MACD can give a Bounce
📈 RS Line is making 52WH
📈 EMA Rule in place
📈 Price consolidated for 73Days
📈 One can go for Swing Trade
⚠️ Over All Market condition is bad, Practice paper trading
🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly.
BUY ONLY ABOVE 7955 DCB
⏱️ C.M.P 📑💰- 7498
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅#Boost, #Like & #Follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame
RSI going up continuously, still not in overbought zone
MACD is looking good
Price is above 20 Months EMA
volume is good for past 4-5 months
Crossed 930 resistance with good volume
DII has increased holding in June and Sep 2024, FII has decreased holdings
Target 1 : 1160++
Target 2 : 1350 , This could be next Resistance
if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++