Union Bank (D): Cautiously Bullish - Breakout with RejectionTimeframe: Daily | Scale: Linear
The stock has attempted a breakout from a massive 15-year structural resistance, driven by index inclusion news. However, the daily price action signals strong profit-taking at higher levels, making the breakout fragile.
🚀 1. The Fundamental Catalyst (The "Why")
The massive 41.38 Million volume is a direct reaction to a major announcement:
- Bank Nifty Inclusion: It was announced that Union Bank will be added to the prestigious Nifty Bank Index starting Dec 31, 2025.
- Impact: This news forces passive funds (ETFs) to buy the stock, creating the volume spike. However, the "Shooting Star" suggests that active traders used this liquidity to book profits.
📈 2. The Long-Term Structure (The "Lid")
- The Cycle: .
- Peak: ATH in Oct 2010 .
- Bear Market: A decade-long spiral ending in May 2020 .
- Recovery: Since 2020, the stock has formed a "Higher Lows" structure, steadily attacking the resistance.
- The Resistance: The ₹154 – ₹155 zone is a "historic" resistance. It was a key level in Aug 2007 . Breaking a 15-year-old level is significant, but it requires a strong close to be valid.
🕯️3. The "Shooting Star" Warning (Today's Action)
> The Pattern: Today’s candle is a textbook Shooting Star .
- The Trap: The stock rallied to a high of ~₹160* , luring in breakout buyers.
- The Rejection: It was slammed back down to close near ₹155 , leaving a long upper wick.
> Interpretation: This signals that despite the good news (Index inclusion), massive supply (sellers) is still present above ₹155. The bulls failed to hold the high ground.
📊 4. Indicators
- EMA & RSI: The indicators (EMA PCO, Rising RSI) are bullish across Monthly, Weekly, and Daily timeframes. This supports the broader uptrend, but the daily candle overrides these in the short term.
🎯 5. Future Scenarios & Key Levels
The "Shooting Star" at a 15-year resistance is a classic "Bull Trap" warning.
- 🐂 Bullish Confirmation (The "Safe" Entry):
- Trigger: Ignore the current close. Wait for a Daily Close above the Shooting Star High (₹160) .
- Target: ₹220 . Once ₹160 is cleared, the 15-year supply is absorbed, and the path is open.
- 🐻 Bearish Rejection (The "Fakeout"):
- Trigger: If the stock slips back below ₹154 tomorrow.
- Consequence: This confirms today was a "fakeout." The price will likely drift down to the moving averages.
- Support: ₹125 is the deep support, but the 20-day EMA (~₹145) will likely be the first test.
Conclusion
While the trend is up, do not chase this breakout yet. The Shooting Star suggests the market is using the "Index Inclusion" news to sell. Wait for a close above ₹160 to confirm the bulls have won.
Volumespike
IIFL Finance (W): Strongly Bullish - Turnaround BreakoutTimeframe: Weekly | Scale: Logarithmic
The stock has confirmed a decisive breakout from a multi-year consolidation phase. This move marks the end of the post-embargo correction and is supported by strong fundamental catalysts and technical alignment.
🚀 1. The Fundamental Catalyst (The "Why")
The breakout is driven by a powerful business turnaround:
- Gold Loan Normalization: The biggest overhang on the stock was the RBI embargo on gold loans. With this fully lifted, the business has normalized, as seen in the recent Q2 FY26 Earnings where Net Profit surged 148% (YoY).
- NCD Issuance: The recent board approval to raise ₹2,000 Crore via NCDs signals confidence in growth and liquidity, acting as an immediate trigger for the stock price.
- Fitch Upgrade: Fitch Ratings recently revised the outlook to "Positive," adding institutional confidence.
📈 2. The Long-Term Structure (The "Box" Breakout)
> The Cycle:
- Peak: ATH of ₹683 in Oct 2023.
- Correction: A steep fall to the ₹294–₹304 support zone (March 2024 lows), effectively forming a "double bottom" base.
> The Breakout: The ₹535 – ₹540 zone has acted as a stiff resistance since early 2024.
- The Move: This week, the stock decisively broke and closed above this resistance (closing near ₹578).
- The Re-test: The stock consolidated just below this level before launching higher, which is a sign of strength.
📊 3. Volume & Indicators
- Volume Clarification: Volume has been "decreasing", this is actually a good sign during the consolidation (sideways) phase, as it shows selling pressure was drying up. However, for a valid breakout, we want to see volume expand . Recent daily data shows volume spikes (e.g., 3M+ shares), confirming buyers are returning.
- EMAs: The PCO (Positive Crossover) state across Monthly, Weekly, and Daily timeframes confirms that the trend has synchronized to the upside.
- RSI: Rising across all timeframes, indicating expanding momentum.
🎯 4. Future Scenarios & Key Levels
With the "lid" at ₹540 removed, the stock has room to run toward previous highs.
> 🐂 Bullish Targets:
- Target 1: ₹683 (The ATH). This is the immediate structural target.
- Target 2: ₹950 . If the momentum sustains and the stock enters "blue sky" discovery, Fibonacci extensions project a move toward ₹950 in the long term.
> 🛡️ Support (The "Must Hold"):
- Immediate Support: ₹535 – ₹540. The breakout zone has now flipped to support. Any pullback to this level is a high-probability buying opportunity.
- Stop Loss: A close below ₹465 would invalidate the bullish thesis, as it would mean the stock has fallen back deep into the old range.
Conclusion
This is a Grade A Turnaround Setup . The lifting of regulatory clouds (Gold Loan ban) combined with a technical breakout above ₹540 makes this a high-conviction trade. Watch for stability above ₹535 .
Karnataka Bank (W): Bullish, Vol-Backed Breakout at ResistanceTimeframe: Weekly | Scale: Logarithmic
The stock has confirmed a breakout from a 10-month angular downtrend. This move is backed by the highest weekly volume in years, driven by smart money entry. However, the stock is currently pausing at a critical horizontal supply zone.
🚀 1. The Fundamental Catalyst (The "Why")
The massive 149 Million volume is a direct reaction to a major news event:
- The Catalyst: Reports indicate that high-profile investors have picked up a significant stake (approx. ₹71 Crore worth) in the bank.
- Implication: When "smart money" enters with such heavy volume, it often signals a structural floor is being created. This gives high conviction to the technical breakout.
📈 2. The "Dual" Breakout Structure
- Angular Resistance (CLEARED): The stock has decisively broken and closed above the angular trendline from the Jan 2024 ATH. This signals the end of the lower-highs (downtrend) structure.
- Horizontal Resistance (PENDING): The ₹211 – ₹213 zone is acting as a stiff "Polarity Zone" (Support turned Resistance).
- The Action: The stock pierced this level intraday (High ~₹220) but faced profit-taking to close near ₹212-213 .
- Interpretation: The inability to close decisively above ₹213 suggests some supply remains. The bulls have breached the gate but haven't fully conquered the castle yet.
📊 3. Technical Indicators
- Volume: The 149M volume is a "Game Changer." It confirms that the trendline break is valid. Even if the price dips, this volume suggests dips will be bought.
- EMAs: The PCO state on Weekly/Daily confirms the trend shift.
- RSI: Rising in Monthly & Weekly, indicating sustained momentum.
🎯 4. Future Scenarios & Key Levels
The strategy now hangs on the ₹213 level.
> 🐂 Bullish Case (Confirmation):
- Trigger: A decisive daily close above ₹213 .
- Target 1: ₹250 . Once ₹213 clears, the stock enters a thin resistance zone, making ₹250 achievable quickly.
- Target 2: ₹286 (ATH).
> 🛡️ Support (The Re-test):
- Immediate Support: ₹193 . If the rejection at ₹213 leads to a pullback, the stock must hold ₹193 to keep the bullish structure alive.
- Buy Strategy: Since the trendline is broken, any dip toward ₹200-205 (retesting the broken trendline) is a high-probability entry zone.
Conclusion
This is a Grade A setup due to the sheer volume participation. The trend has shifted. While the close above ₹213 was missed by a whisker, the volume suggests it is only a matter of time. Watch for a close above ₹213 to enter long positions.
Motherson (W): Strongly Bullish, Post-Bonus Breakout(Timeframe: Weekly | Scale: Logarithmic)
The stock has confirmed a major structural breakout, emerging from a 7-month consolidation phase. This move is supported by a "Higher Low" structure, rising volume, and recent analyst optimism.
📈 1. The Structural Context (The Turnaround)
- The Adjustment (Context): It is important to note that the price levels (ATH ~₹144) reflect the 1:2 Bonus Issue that occurred in July 2025. The stock is now recovering from the post-bonus correction.
- The Cycle:
- Peak: ATH of ₹144.66 in Sep 2024.
- Correction: A downtrend lasted until April 2025 , finding a base.
- Reversal: Since April, the stock has shifted character, forming a clear series of Higher Lows , indicating steady accumulation.
💥2. The Breakout (This Week's Action)
- The "Lid" (Resistance Zone): The ₹113 – ₹116 zone has acted as a stiff resistance since Nov 2024. Breaking this level is significant.
- The Surge: This week, the stock decisively broke and closed above this zone with a 5.93% surge .
- Volume Confirmation: The move was backed by massive volume of 151.49 Million . Volume has been "drying up" since the ATH, so this sudden volume expansion is a classic "Ignition" signal.
📊 3. Technical Indicators
Indicator analysis shows a synchronized bullish trend:
- EMAs: Short-term EMAs are in a PCO (Price Crossover) state across Monthly and Weekly timeframes, confirming the trend is up.
- RSI: The Relative Strength Index is rising on both timeframes, showing momentum is building.
🎯 4. Future Scenarios & Key Levels
The breakout opens the door for a rally toward the previous highs.
- 🐂 Bullish Targets:
- Target 1: ₹132 . This is the immediate technical extension.
- Target 2: ₹145+ . If momentum sustains, a retest of the All-Time High is the structural goal. (Note: Some street estimates are as high as ₹162 ).
- 🛡️ Support (The "Must Hold"):
- Re-test Zone: The ₹113 – ₹116 zone has now flipped to support. A pullback to this level would be a healthy entry opportunity.
- Stop Loss: If the breakout fails (fakeout), the stock may slide to the ₹102 support zone.
Conclusion
This is a high-quality setup. The combination of Higher Lows , a Volume Breakout , and the Bonus Adjustment digestion makes this a strong candidate for a move to ₹132 . Watch for a sustained hold above ₹116 .
Jamna Auto - Strongly Bullish - Expansion-Driven Breakout(Timeframe: Weekly | Scale: Logarithmic)
The stock has confirmed a decisive breakout from a multi-year resistance zone. This move is supported by a significant capacity expansion announcement, rising volume, and a bullish structural shift.
🚀 1. The Fundamental Catalyst (The "Why")
The breakout is driven by a clear growth narrative that is attracting institutional interest:
- ₹132 Cr Expansion Plan: The company recently announced a major investment to set up new manufacturing facilities. This signals management's confidence in future demand.
- Steady Earnings: Q2 FY26 results showed stable profitability (Net Profit ~₹40 Cr) and declared an interim dividend, providing a fundamental floor to the price.
- Impact: This news has acted as the trigger for the stock to finally clear the 112-114 hurdle.
📈 2. The Long-Term Structure (The Breakout)
- The "Lid" (112-114 Zone): This is the critical polarity zone. It has acted as both support and resistance since Nov 2021 . Breaking a level with 4 years of history is a significant technical event.
- The Breakout: This week’s surge of 8.53% with 17.84 Million in volume is a high-conviction move. The decisive close above ₹114 confirms that the "supply" at this level has finally been absorbed.
- Volume Profile: The "rising volume" in recent weeks confirms that smart money is accumulating shares in anticipation of the expansion benefits.
📊 3. Technical Indicators
Indicator analysis shows a synchronized bullish trend:
- EMAs: Short-term EMAs are in a PCO state across Monthly and Weekly timeframes, confirming that the trend is aligning upwards.
- RSI: The Relative Strength Index is rising without being extremely overbought, leaving room for further upside momentum.
🎯 4. Future Scenarios & Key Levels
With the "lid" removed, the stock is primed for a recovery rally.
- 🐂 Bullish Targets:
- Target 1: ₹132 . This is the first logical resistance.
- Target 2: ₹149 (The ATH). A retest of the all-time high is the ultimate objective of this breakout structure.
- 🛡️ Support (The "Must Hold"):
- Re-test Zone: The ₹112 – ₹114 zone has now flipped to support. A pullback to this level would be a healthy re-test.
- Stop Loss: If the momentum fails, the stock must not close below ₹104 . Losing this level would invalidate the breakout and trap the new buyers.
Conclusion
This is a high-quality setup. The combination of a multi-year resistance breakout and a tangible expansion plan makes this a strong candidate for a move toward ₹132 . Watch for stability above ₹114 .
SMS Pharma (D): Strongly Bullish - News-Driven BreakoutThe stock has confirmed a major structural reversal, breaking out of a 6-month consolidation pattern. This move is powered by a significant regulatory approval (USFDA) and strong earnings, validating the high volume.
🚀 1. The Fundamental Catalyst (The "Why")
The massive surge and volume are not random. They are a direct reaction to two major positive developments:
- USFDA Approval: The company's partner, VKT Pharma, received USFDA approval for reformulated Ranitidine tablets (an antacid). This marks a re-entry into the US market after years, opening a significant revenue stream.
- Strong Earnings: The company recently reported a 79% YoY jump in Net Profit for Q2 FY26.
- Impact: This fundamental "double engine" provides the conviction that the breakout is genuine and not a "trap."
📈 2. The Long-Term Structure (The Reversal)
- The Correction: After the Sep 2024 ATH (~₹398) , the stock corrected ~55% to bottom out in March 2025 .
- The Turnaround: Since March, the stock has shifted structure, forming Higher Lows , indicating that buyers are stepping in aggressively on dips.
- The "Dual" Resistance:
1. Angular Resistance: From the Sep 2024 ATH.
2. Horizontal Resistance: The ₹314–₹317 zone (active since Nov 2024).
💥 3. The Breakout & Re-test (Current Action)
- The Breakout (Yesterday): The stock surged 17.82% with massive volume ( 11.76 Million ), decisively closing above both resistance lines. This high-volume close confirms the "Lid" is off.
- The Re-test (Today): The stock pulled back to the ₹314–₹317 zone today. The volume during this pullback was lower than the breakout volume.
- Bullish Signal: A low-volume pullback to a high-volume breakout level is a textbook "healthy re-test." It suggests profit-taking, not a trend reversal.
📊 4. Technical Indicators
- RSI Cooling: The Daily RSI has fallen with today's re-test. This is actually positive—it prevents the stock from becoming "overheated" too quickly, allowing it to gather strength for the next leg up.
- EMAs: The PCO state across all timeframes confirms that the trend is aligned in favor of the bulls.
🎯 5. Future Scenarios & Key Levels
The "healthy re-test" sets the stage for continuation.
- 🐂 Bullish Target: ₹360 . If the stock holds the re-test level, a move to ₹360 (and potentially the ATH of ₹398) is the path of least resistance.
- 🛡️ Support (The Stop Loss): Support level at ₹290–₹292 is the critical "safety net." If the stock falls back below the breakout zone (₹314), it must hold ₹290 to keep the bullish structure alive.
Conclusion
This is a Grade A setup . Technical breakout, a healthy re-test, and a powerful fundamental catalyst. As long as ₹314 holds as support, the bias is strongly upward.
#SMSPHARMA - VCP BO in DTFScript: SMSPHARMA
Key highlights: 💡⚡
📈 VCP BO in DTF
📈 Volume spike seen during Breakout
📈 MACD CrossOver
📈 RS Line making 52WH
⚠️ 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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Sequent (D): Strongly Bullish, Fundamentally-Driven BreakoutThe stock has confirmed a major breakout from a 3-year structural turnaround. The move is backed by a massive earnings beat, high-conviction volume, and aligned indicators across all timeframes.
📈 1. The Long-Term Structure (The Turnaround)
- The Crash (2021-2023): After hitting its All-Time High (ATH) in June 2021, the stock entered a brutal correction, falling ~81% to form a base around ₹62 in February 2023.
- The Recovery: Since March 2023, the stock has been in a steady uptrend, forming a classic "rounding bottom" or recovery structure.
- The Hurdle: The recovery faced a stiff horizontal resistance trendline at the ₹239 - ₹241 zone. This level acted as a ceiling in October 2024 (High: ₹240.70) and rejected price action multiple times recently.
🚀 2. The Catalyst & Breakout (Today's Action)
- The Catalyst: The breakout is fueled by Q2 FY26 Earnings , where the company reported a staggering 209.1% YoY jump in Net Profit
- The Breakout: Today (Nov 18, 2025), the stock decisively shattered the ₹240 resistance, surging 7.10% to close near ₹247 .
- Volume Confirmation: The move was backed by massive volume of 9.15 Million shares, a sharp spike compared to the drying volume seen during the recent consolidation. This confirms institutional buying.
📊 3. Technical Indicators
- EMAs: Short-term EMAs are in a PCO (Price Crossover) state across Monthly, Weekly, and Daily timeframes, signaling a synchronized bullish trend.
- RSI: The Relative Strength Index is rising across all three timeframes, confirming that momentum is expanding with price.
🎯 4. Future Scenarios & Targets
The breakout has opened the door to higher levels, with a specific structural target in focus.
- The Gap (The Magnet): An unfilled gap on the daily chart has been identified from the steep 2021 correction. This gap exists between ₹270 and ₹276 (formed in August 2021). Gaps often act as magnets for price.
🐂 Bullish Targets:
1. Target 1 (Gap Support): ₹270 . The stock is likely to run toward the bottom of this unfilled gap.
2. Target 2 (Gap Fill): ₹295 . If momentum sustains and fills the gap, the next extension level is near ₹295.
🛡️ Support (The Entry Zone):
- Re-test Level: The breakout level at ₹239 - ₹240 has now flipped from resistance to support. A pullback to this zone would be a classic "buy-the-dip" opportunity to enter the trend with a favorable risk-reward ratio.
Conclusion
This is a high-quality setup. The combination of a technical breakout , earnings explosion, and gap-fill potential makes this a strong candidate for continuation. Watch for a hold above ₹239 .
Data Patterns (D): Strongly Bullish, Fundamentally Driven BOThis is a high-conviction breakout event. The stock has decisively broken its 17-month angular resistance, driven by blockbuster quarterly earnings. All indicators are aligned, but the stock now faces its final horizontal resistance, which will determine the next major leg up.
🚀 1. The Fundamental Catalyst (The "Why")
Today's move is not speculative. It is a direct response to record-breaking Q2 2026 earnings :
- Revenue: Surged 238% year-over-year to ₹307.46 crore.
- Net Profit: Grew 62.5% year-over-year to ₹49.19 crore.
- Market Reaction: The gap-up open and +7.56% surge on 6.29 Million in volume confirms massive institutional interest.
📈 2. The Long-Term Context (The Setup)
- The 2024-2025 Correction: After its ATH in July 2024 , the stock entered a long-term downtrend.
- The Reversal: This trend found its bottom in March 2025 , and the stock began its recovery.
- The Angular Resistance: This recovery was capped by the angular resistance trendline from the July 2024 ATH.
- Drying Volume: Volume was drying up during the consolidation since May 2025—a classic sign of accumulation.
🎯 3. The Dual Resistance Battle
- Part 1 (CLEARED): Today, the stock gapped up and closed decisively above the 17-month angular resistance trendline. This is a significant bullish victory.
- Part 2 (THE NEXT HURDLE): The stock now faces a major horizontal resistance at ₹3,141 . This level is the last line of defense for the bears.
📊 4. Confluence of Bullish Indicators
This breakout is supported by a rare "trifecta" of bullish signals across all timeframes:
- EMAs: Short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on the Daily, Weekly, and Monthly charts .
- RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts .
This alignment of all three timeframes gives the breakout very high technical validity.
🧠 5. Future Scenarios & Key Levels to Watch
🐂 The Bullish Case (Confirmation)
- Trigger: A decisive, high-volume close above the horizontal resistance at ₹3,141 .
- Target: This would confirm the start of a new bull run, and the target of ₹3,445 is the next logical objective.
🐻 The Pullback Case (Healthy Re-test)
- Trigger: If the stock is rejected at ₹3,141 or needs to pause after its big run.
- Support: The price would likely fall to re-test the angular trendline it just broke, at the identified level of ₹2,817 . A "bounce" off this level would be a textbook, healthy confirmation of the new support.
Kirloskar (D): Bullish, Awaiting Breakout ConfirmationThis is a "wait and watch" scenario. The stock is at a critical decision point. A massive fundamental catalyst (record-breaking earnings) has met a powerful technical resistance. The price-action of the next few days will be crucial.
🚀 1. The Fundamental Catalyst
Today's explosive move was fundamentally driven. The stock gapped up and surged +11.98% on 11.37 Million in volume as a direct response to its record-breaking Q2 2026 earnings (44% profit growth). This provides a strong, non-speculative a to the bullish case.
📈 2. The Long-Term Context (The Setup)
- The 2024-2025 Correction: After its ATH in July 2024, the stock entered a downtrend, which found its bottom in February 2025.
- The Recovery: Since then, the stock has been in a slow, methodical uptrend, forming a bullish structure of Higher Lows .
- Drying Volume: Volume had dried up during this slow uptrend, a classic sign of accumulation before a major move.
🎯 3. Today's Action (The "Battle at Resistance")
The stock's upward progress was blocked by a dual resistance :
1. A short-term horizontal resistance (since Jan 2025).
2. A long-term angular resistance (from the Jul 2024 ATH).
Today, the stock's gap-up broke the short-term horizontal resistance intraday , but by the market's close, sellers pushed it back down. It failed to close above this level . This "rejection" or "failed close" signals that a significant supply of sellers (profit-takers) exists at this exact point, despite the great news.
📊 4. Confluence of Bullish Indicators
Despite today's rejection, the underlying trend is powerfully bullish:
- RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts .
- EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes .
This "trifecta" of bullishness across all timeframes suggests today's rejection is likely a pause, not a top.
🧠 5. Future Scenarios & Key Levels to Watch
The next few days will define the trend.
🐂 The Bullish Case (Confirmation)
- Trigger: We need to see a decisive daily close above the horizontal resistance, followed by a break of the main angular trendline.
- Target: This would confirm the breakout and open the path to the ₹1,255 level.
🐻 The Bearish Case (Rejection)
- Trigger: If today's failed close is a bull trap and the momentum is lost.
- Target: The price will likely fall to retest the primary support level at ₹890 .
#SBFC - VCP Breakout in DTF Script: SBFC
Key highlights: 💡⚡
📈 VCP Breakout in DTF
📈 Short consolidation below Resistance
📈 Volume spike seen during Breakout.
📈 MACD Bounce
📈 Keep in WL
⚠️ Important: If you have any questions about the setup, feel free to drop them below — I’ll respond to each one.
⚠️ 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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IDFC First (D) - High-Volume Breakout Confirms Bullish ReversalAfter a significant downtrend from its All-Time High in September 2023, IDFC First Bank has been in a clear trend reversal since April 2025. This new uptrend has just been powerfully confirmed by a high-volume breakout, signaling strong buyer commitment.
This Week's Decisive Breakout
The past week has been pivotal for the stock, culminating in a decisive technical event:
- Massive Weekly Volume: The stock has surged +9.85% so far this week, supported by an enormous total volume of 207.92 million shares .
- Today's Confirmation: Today's session (Thursday, October 23, 2025) saw a +2.85% gain on a massive 94.12 million shares, confirming the bullish conviction.
- Key Resistance Breach: Most importantly, the stock broke out and closed above a key short-term horizontal resistance trendline that had been in place since July 2025.
Broad-Based Technical Strength
This bullish price action is strongly underpinned by a powerful alignment of momentum indicators across all major timeframes (Monthly, Weekly, and Daily):
- Short-Term EMAs: All three timeframes are in a bullish Positive Crossover (PCO) state.
- RSI (Relative Strength Index): The RSI is also in a rising trend on all three timeframes.
This multi-timeframe alignment indicates that the bullish momentum is broad, synchronized, and strengthening.
Outlook and Key Levels to Watch
With the resistance now cleared, the path of least resistance has shifted upwards.
- Bullish Target: If this bullish momentum continues, the next logical area of resistance and potential target is the ₹90 level.
- Critical Support: The recently broken resistance now becomes the most critical new support level. A successful retest of this level would be a strong sign, while a failure to hold it would be a warning. A deeper support level exists at ₹70 , but the immediate focus should be on the new breakout zone.
Sky Gold (D) - A Golden Breakout from the Downtrend?After being in a corrective downtrend since its all-time high in December 2024, Sky Gold has just executed a technically significant breakout. This move suggests that the period of selling pressure may be concluding and a new uptrend could be underway.
The Breakout Signal
The stock has been constrained by a descending (angular) resistance trendline that formed from its peak. Today's price action decisively broke this barrier:
- Trendline Breach: The stock successfully broke out of the downtrend trendline.
- Massive Volume Confirmation: The breakout occurred on the back of huge trading volume , lending strong credibility to the move.
- Preceding Accumulation: Notably, trading volume has been steadily increasing over the past three days, indicating growing buyer interest leading up to the breakout.
This bullish price action is well-supported by technical indicators. Across the Monthly, Weekly, and Daily timeframes, the short-term Exponential Moving Averages (EMAs) are in a positive crossover, and the Relative Strength Index (RSI) is rising, confirming a build-up in positive momentum.
Outlook and Key Price Levels
The primary challenge now is for the stock to sustain this newfound momentum.
- Bullish Target: If the breakout holds with continued strong volume, the next logical resistance and potential target is the ₹400 level.
- Key Support: If this proves to be a false breakout and the price fails to hold above the trendline, a retreat to the support level around ₹260 is possible.
The immediate future is critical. Traders should now watch for follow-through buying or a successful retest of the broken trendline, which would now be expected to act as support, to confirm the validity of this breakout.
Electronics Mart India cmp 157.90 by Daily Chart viewElectronics Mart India cmp 157.90 by Daily Chart view
- Support Zone 135 to 147 Price Band
- Resistance Zone 165 to 178 Price Band
- Falling Resistance Trendlines Breakout seem sustained
- Volumes surging heavily above avg traded qty over past few days
- Bullish Triple Bottom with considerate Cup & Handle around Support Zone
- Support Zone price band is under testing retesting phase over the past 2 weeks
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>> Low PE Stock
>> Chart pattern Trading
>> Inverse Head & Shoulder pattern
>> Volumes Building up
>> Stock showing strength
Swing Traders can lock profit at 10% and keep Trailing
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#SIMPLEXINF - TrendLine Breakout in Daily Time FrameScript: SIMPLEXINF
Key highlights: 💡⚡
📈 TrendLine Breakout in Daily Time Frame
📈 Volume spike during Breakout
📈 MACD Bounce
📈 Can go for a swing trade
BUY ONLY ABOVE 325 DCB
⏱️ C.M.P 📑💰- 322.25
🟢 Target 🎯🏆 – 22%
⚠️ Stoploss ☠️🚫 – 11%
⚠️ Important: Market conditions are Okish, Position size 50% 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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Shakti Pumps cmp 856.65 by Daily Chart viewShakti Pumps cmp 856.65 by Daily Chart view
- Support Zone 775 to 805 Price Band
- Resistance Zone 885 to 920 Price Band
- Symmetrical Triangle Breakout attempted
- Intermittent Heavy Volumes surge seen by demand based buying
- Rising Price Trendline and Channel indicating slow and steady upside momentum
- Fresh upside may be foreseen, post Resistance Zone Breakout and sustained closure above it for few days
Hindustan Copper cmp 280.05 by Daily Chart viewHindustan Copper cmp 280.05 by Daily Chart view
- Support Zone 244 to 264 Price Band
- Resistance Zone 285 to 305 Price Band
- Huge Volumes surge by demand based buying
- Falling Resistance Trendline Breakout sustained closure
- Support Zone got well tested and retested over past few days
- Bullish Rounding Bottoms formed by the Resistance Zone neckline
SUNDARMHLD : Breakout stock (Swing pick)#SUNDARMHLD #flagbreakout #breakoutstock #channelbreakout #swingtrading #momentumtrading
SUNDARMHLD : Swing / Short term (1-3 months)
>> Flag Breakout or Channel Breakout
>> Good Strength in stock
>> Volumes picking up
>> Low PE Stock
>> Swing Traders can Look for 10-12% Levels & Short term traders can go for Higher Levels
>> Enter at Retracement
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
VADILALIND : Breakout Stock (Swing - Short Term)#VADILALIND #breakoutstock #Trendingstock
VADILALIND : Swing / Short term (1-3 months)
>> Strong Breakout candle
>> Good Strength in Stock
>> Volumes Picking up
>> Good upside potential
>> Low Risk High Reward
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings.
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
Ramco Ind (Daily Timeframe) - Is this a false BreakOut??Ramco BrokeOut of a multi-year resistance trendline (since 2000) today with huge volume and stock price zooming by 8.03%. The last time it BrokeOut of this trendline was in 2021 which did not sustain but the stock made a new ATH then. Short-term EMAs are in PCO state as well as EMAs & DMAs are in Golden Cross-over state.
On the upside the stock may reach 366 levels & on the downside the stock may reach 277 levels.
The price-action in the coming days will dictate how the stock moves. Keep monitoring.
#GMDCLTD - Inverse H&S Breakout in Weekly Time Frame Script: GMDCLTD
Key highlights: 💡⚡
📈 Inverse Head & Shoulders Breakout in Weekly Time Frame
📈 Volume spike during Breakout
📈 MACD Bounce
📈 Can go for a swing trade
BUY ONLY ABOVE 507 DCB
⏱️ C.M.P 📑💰- 509
🟢 Target 🎯🏆 – 50%
⚠️ Stoploss ☠️🚫 – 25%
⚠️ Important: Market conditions are Okish, Position size 50% 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.
✅Like and 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!🥂
Piramal Pharma (Daily Timeframe) - Potential BreakOutPiramal Pharma, has formed a Double-Bottom chart pattern, indicating Bullish reversal. With today's bullish candle the volume has also spiked. We should watch out for the price action in the coming days. As indicated in the chart, resistance trendline is respected as well as the support trendline. If the stock has to move up, then it has to breach the resistance trendline.
Let's keep a watch on it.






















