EDELWEISS - Setting up for a good up move?One more interesting chart for study. This stock was pushed down from the top by almost 50%. As you can see, as the stock was dropping, the buy waves were getting stronger and stronger and they started dominating. As you can see, now it seems to be on the recovery path. It has gone above the supply line and moved past the short-term moving averages and also the 200 DMA. We can see marked increase in the buying pressure. Also, there is a very good volume support coming here. The Relative Strength and Money Flow are positive. Now we can see that there is a break of structure in both daily and weekly as well. The stock seems to be getting ready for a good up move and could see 140 levels as a minimum. But at this juncture, we could see a retest of the 200 DMA levels before moving up further.
Volumespreadanalysis
CDSL - Poised for good up Move ?CDSL, another interesting chart for our study. The stock was pushed down almost 48 percent from the its high to below 200 DMA levels and also the short-term moving averages. Then it started recovering. Now it is making higher highs and higher lows on the weekly chart as well. It has gone above the short-term moving averages and the 200 DMA as well. We can see the buying waves are getting much stronger. Also, the buying pressure has been quite positive for some time. Right now, the relative strength and the money flow also have turned positive. Now it seems the stock is setting up for a much bigger move and could see 1900 levels. A pull back to the 20 SMA will be the ideal opportunity for entry.
Disclaimer: This is only for learning purpose and not a recommendation to buy and sell.
Titagarh - Double Bottom Reversal PatternNSE:TITAGARH Made Beautiful Chart Structure of Double Bottom Reversal Pattern today before Q4 Results with Good Price and Volume action.
Price Action Analysis:
- After a sharp decline from December 2024 to February 2025, the stock has formed a rectangular consolidation pattern
- Current price at ₹806.90, up significantly by ₹57.80 (+7.72%) in today's session
- Strong bullish candle today with substantial range, suggesting renewed buying interest
- Price is testing the upper boundary of the consolidation range
Volume Analysis:
- Today's volume stands at 5.27M shares vs. an average of 1.98M
- This high-volume move indicates strong institutional interest
- Previous bounces from support also showed increased volume (green arrows)
- Volume confirmation adds credibility to the potential breakout scenario
Key Supports and Resistances:
- Strong horizontal resistance at ₹820-830 level (marked by red horizontal line)
- Multiple rejections at this level (marked by red arrows)
- Solid support established at ₹675-680 zone (green horizontal line)
- Major resistance above at ₹1,110 from the previous price structure
- Recent high mark at ₹1,370
Technical Patterns:
1. Rectangle Pattern- Price consolidating between ₹675-680 (support) and ₹820-830 (resistance)
2. Double Bottom- Formed at the support level (₹675) in March and early May
3. Multiple Rejection Points- Four distinct tests of resistance (red arrows)
4. Higher Lows- Recent price structure showing potential strength
Trade Setup:
- Rectangle Pattern breakout opportunity
- Confirmation: If Sustained trading above ₹830 with continued volume support
- Strong rally today suggests momentum building for potential breakout
Entry Points:
1. Aggressive Entry: Current level (₹806.90) with partial position
2. Confirmation Entry: On close above ₹830 resistance
3. Pullback Entry: If price retraces to ₹780 after initial breakout attempt
Exit Strategy:
- Target 1: ₹900 (initial psychological level)
- Target 2: ₹1,000 (round number resistance)
- Target 3: ₹1,110 (previous significant resistance level)
- Ultimate Target: ₹1,300-1,370 (previous high area)
- Trailing Stop: Consider a trailing stop of 3-5% once Target 1 is achieved
Stop Loss Placement:
- Aggressive Stop: ₹775 (below today's low)
- Conservative Stop: ₹740 (midpoint of the range)
- Pattern-Based Stop-Loss: ₹675 (below the established support level)
Risk Management:
- Position sizing: Limit risk to 1-2% of trading capital
- Risk-reward ratio: Minimum 1:1.5 (with conservative stop)
- Consider scaling in on confirmed breakout and scaling out at each target
Keep in the Watchlist.
NO RECO. For Buy/Sell.
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Kajaria - double bottom reversal pattern confirmation.NSE:KAJARIACER Made a Beautiful Chart Structure of a double bottom reversal pattern confirmation with pivot levels broken after Q4 Results and an FTA Deal, with Good Price and Volume action, which is increasing daily.
Price Action:
- The stock has experienced a prolonged downtrend from December 2024 to April 2025
- Currently showing a strong reversal with price at ₹931.30, up (+7.53%) in today's session
- Critical breakout above key resistance level (₹900-910)
- Strong bullish candle today with substantial range, indicating decisive buying pressure
Volume Analysis:
- Today's volume at 2.16M shares vs. average of 969.71K (more than 2x normal volume)
- Volume expansion on bullish moves in late April and mid-May suggests institutional accumulation
- Volume pattern shows increasing participation during recent rally phases
- Previous resistance tests (red arrows) occurred on a lower volume, explaining the failed breakouts
Key Supports and Resistances:
- Major resistance just broken at ₹900-910 zone (red horizontal line)
- Multiple previous rejection points at this level (red arrows)
- New support established at ₹775-780 range (green horizontal line)
- Double bottom formation at the support confirms its significance
- Next major resistance likely around ₹1,000 (psychological level)
Technical Patterns:
1. Double Bottom - Formed at ₹775-780 level in April-May (green arrows)
2. Resistance Breakout - Clear breach of ₹900-910 level with volume confirmation
3. Higher Lows - Recent price structure showing increasing buyer strength
5. Basing Pattern - Consolidation between ₹775-910 created solid base for breakout
Trade Setup:
- Pattern: When Resistance breaks out with a downtrend line break
- Confirmation: Today's strong price action above ₹910 with volume expansion
- Context: Possible trend reversal after prolonged downtrend
Entry Points:
1. Aggressive Entry: Current price (₹931.30) with partial position
2. Pullback Entry: On retest of breakout level ₹900-910 (if it occurs)
3. Momentum Entry: Add positions on close above ₹950 with continued volume strength
Exit Strategy:
- Target 1: ₹1,000 (psychological resistance)
- Target 2: ₹1,100 (previous support turned resistance)
- Target 3: ₹1,200 (major resistance from December)
- Trailing Stop: Implement a 5% trailing stop after Target 1 is achieved
Stop Loss Placement:
- Aggressive Stop: ₹890-895 (just below the breakout level)
- Conservative Stop: ₹850 (recent swing low)
- Pattern-Based Stop: ₹775 (below the double bottom support)
Risk Management:
- Position sizing: Limit risk to 1-2% of trading capital
- Risk-reward ratio: Maintain at least 1:1.5 (with aggressive stop)
- Consider scaling in on confirmation and scaling out at each target level (e.g., 30% at each target)
Keep in the Watchlist.
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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.
Grindwell Norton - Powerful RetestNSE:GRINDWELL Made Beautiful Chart Structure today before Q4 Results with Good Price and Volume action.
Price Action Analysis:
Base Formation and Breakout: a critical technical development with today's powerful price surge:
1. Base Structure: Grindwell Norton formed a well-defined horizontal base in the ₹1,750-1,800 range (highlighted in green), which has served as strong resistance since January 2025. This level has been tested multiple times and rejected, creating a clear technical ceiling.
2. Today's Retest: With a massive 14.67% gain, the stock has finally retested through this stubborn resistance zone after multiple failed attempts. This represents a significant technical event after approximately 4 months of price struggle at this level with Volumes.
3. Prior Downtrend Context: The Retest is especially meaningful as it comes after a prolonged downtrend from the ₹2,300 level in late 2024, indicating a potential trend reversal.
Volume Analysis:
The volume characteristics strongly support the Retest breakout's validity:
- Today's volume at 79.44K shares is substantially higher than normal trading activity
- The volume spike (visible as a large green bar at the bottom) coincides perfectly with the price breakout
- Prior resistance tests showed diminishing volume, indicating sellers were becoming exhausted
- The volume pattern shows classic accumulation characteristics before the breakout
Key Support and Resistance Levels:
Key Resistance Levels
1. Immediate Resistance: ₹1,900-1,950 (prior consolidation zone)
2. Intermediate Resistance: ₹2,100 (previous reaction high)
3. Major Resistance: ₹2,300 (52-week high)
Key Support Levels
1. New Support: ₹1,750-1,800 (previous resistance may likely to act as support - this is critical)
2. Secondary Support: ₹1,550-1,600 (consolidation zone from April)
3. Strong Support: ₹1,400 (major reaction low from February/March)
Technical Pattern Recognition:
The chart demonstrates a classic "break and retest" pattern:
- Initial drop below the ₹1,800 level in early 2025
- Multiple attempts to reclaim this level
- Extended period of base-building and consolidation
- Final powerful Retest on exceptional volume
This pattern often precedes sustained upward movements, particularly when the Retest breakout occurs on high volume, as seen today.
Accumulation Indicators:
Several signs of institutional accumulation appear in the chart:
- Increasing volume on up days versus declining volume on down days
- Formation of higher lows since the March bottom
- Clear volume divergence during the April-May consolidation phase
- Today's massive volume spike suggests strong institutional buying
Technical Outlook:
The combination of a decisive breakout from a multi-month base coupled with exceptional volume support suggests the potential for continued upward momentum. The prior resistance level at ₹1,750-1,800 should now function as support in any pullbacks.
Traders should closely monitor whether the stock can maintain positions above the breakout level in subsequent sessions, as this will confirm the pattern's validity and potential for a new uptrend toward the ₹2,000-2,100 range.
Keep in the Watchlist and on your Radar.
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Kiroloskar Brothers - An Interesting ChartSharing an interesting Chart here. As you can see the stock had a massive drop of nearly 40 percent from its high and it was pushed below the 200 DMA. Then we saw some strength coming in and it started consolidating for the last two months and it was moving in a range. Now we can see that the buy waves have started to dominate. Also, the volume remained low during the consolidation or the accumulation phase. Now it has started to increase now. The stock is at the edge of the accumulation zone and we can see the relative strength, absolute strength and money flow are positive. However, the stock has not started trending up, it has to break above the consolidation zone. Now it has moved past the short-term moving averages and the 200 DMA as well. The stock is very interestingly poised. If it breaks out of this consolidation zone, then it could see 2400 levels. However, as we all know this may not be the right time given the current circumstances and also we are expecting the results next week. In fact, Q3 results were quite robust and the same robust results could continue pushing the stock up. But we need to wait for the current situation to resolve and also it may be a better idea to wait till the results are out.
IOC - Poised for good up Move?After a big drop of nearly 40 percent from the top, the stock started consolidating and moving up, making a nice rounding bottom type of pattern. It started making higher highs and higher lows and moving past the short-term moving averages. Now, it has also gone past the 200 DMA and also crossing above an important pivot. We can see all the parameters like the relative strength, money flow, absolute strength are all positive. Also, it has come out with very good results for the fourth quarter with a good jump of nearly 58 percent in net profit. We can see the volume is also increasing along with the buying pressure. Now it is setting up nicely for a big up move. So this is a stop we should be watching.
GSK Pharma - Chart of the MonthNSE:GLAXO has a beautiful structure on the Monthly Timeframe to Qualify for my Chart of the Month idea, it saw Heavy Volumes around the marked Key Levels which broke out and retested went to ATM and Again Retested and Bounced from that Place With Volumes in Last Month.
Also if we Use Fibonacci retracement it bounced from Crucial 0.618 Levels.
About:
NSE:GLAXO researches, manufactures and makes available a broad range of medicines and vaccines that benefit people, It's a Leading Global healthcare company part of GlaxoSmithKline plc (GSK), a British multinational pharmaceutical company headquartered in London.
Trade Setup:
Could be a good Positional Trade with those Key Levels as Major Support and AIM for New ATH.
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Technical Analysis on SBI CardSBICard is currently exhibiting several noteworthy technical indicators that suggest a potential bullish trend is emerging.
1. SBICard has experienced a consolidated phase over the past three years, during which its price movements have remained contained. Recently, the stock has broken through a significant weekly trendline, indicating a shift in market sentiment. This breakout is crucial, as it often signals the end of a consolidation period and the potential for a new upward trajectory.
2. The weekly Stoch RSI has surpassed the critical threshold of 70. This level is typically associated with overbought conditions; however, in the context of a breakout, it can also indicate strong momentum. Traders should consider that while a high RSI may raise caution, it does not necessarily imply an immediate reversal, especially if accompanied by strong volume and positive price movement.
3. Approximately two weeks ago, a MACD crossover occurred, which is often interpreted as a bullish signal. This technical indicator has acted as a reliable predictor of trend changes in the past, and its recent crossover reinforces the notion that upward momentum may be gaining strength.
4. Last week, SBICard experienced notably high trading volume, which adds confirmation to the breakout. An increase in volume typically suggests that there is strong interest from buyers, lending credibility to the price movement. When breakouts are coupled with high volume, they are generally considered more sustainable.
5. An analysis using Elliott Wave Theory indicates that the prior five-wave downtrend may have completed its cycle, paving the way for corrective waves and potentially an upward trend. This framework suggests that the stock could be in the early phases of a new upward wave cycle, which could enhance bullish prospects.
A pivotal level to watch is the 200-period weekly EMA, located around the price of 813. A sustained positive close above this EMA would be a bullish signal, reinforcing the upside potential. If this level holds and the stock continues to advance, the next significant resistance level is seen around 933. On the downside, traders should note a short-term support zone at 753. This level will be crucial for any potential pullbacks, as a breach below this support could negate some of the bullish outlook and indicate a need for further analysis.
From a risk management perspective, the current scenario presents a favourable risk-to-reward ratio of approximately 1:2.
Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always conduct your own research before making any investment decisions.
CUMMINS INDIA - Swing Trade Analysis - 7th August #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 7th August, 2024
Pattern: SYMMETRICAL TRIANGLE SETUP
- Strong Pullback candle from Support Trendline - Done ✓
- Weekly Volume buildup near Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- This is an early entry to give for a better RR
- Resistance Trendline Breakout - In Progress
* Disclaimer
RUSHIL DECOR - Swing Trade Analysis - 3rd August #stocksRUSHIL DECOR (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Weekly Resistance Trendline Breakout & Retest - Done ✓
- Strong Pullback candle after retest - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- There is a stock split expected on the 9th of August
- Only working on the momentum for this trade
* Disclaimer
KANSAI NEROLAC - Swing Trade Analysis - 30th July #stocksKANSAI NEROLAC PAINTS (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
ASTER DM HEALTHCARE - Swing Trade Analysis - 23rd June #stocksASTER DM HEALTHCARE (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: BACK AT WEEKLY SUPPORT ZONE
- 8 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong Weekly Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
MOL - TURNAROUND POTENTIAL WITH A FALLING WEDGE BREAKOUTHi All,
The idea is about Meghmani Organics
ABOUT THE COMPANY
Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India. Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber.
TECHNICALS
The stock has been in a falling wedge pattern & has given a breakout. The breakout was sustained & has been testing first level of resistance at 88.65 multiple times.
Once it breaks it can move to 93 where next resistance lies
Fundamentals
Not a good last year but sales/profit showing symptoms of turnaround which is evident in price action
Thanks,
Stock-n-Shine
CAMS [strong multi-year breakout]The chart indicates a strong multi-year breakout with confirmation from the volume spike . Utilizing the pitchfan tool, the key levels and targets for swing trading have been identified. Always ensure proper risk management and keep an eye on volume trends to adjust your strategy accordingly.
Breakout Confirmation:
The price has broken above a significant resistance level as indicated by the upper blue pitchfan line.
The volume spike (as shown by the green arrow) confirms the breakout with strong buying interest.
2) Pitchfan Lines:
Pitchfan lines provide potential support and resistance levels. The price has successfully broken through multiple resistance lines, indicating strong upward momentum.
These lines can be used to identify future support levels in case of a pullback.
3) Support Levels :
The previous resistance levels, now turned support, will be crucial in case of a pullback. These are typically around ₹4000 and ₹3000 (orange and blue pitchfan lines respectively).
4) Targets:
Short-term Target: Aim for ₹5500
Medium-term Target: Aim for ₹6500.
5) Stop Loss:
Place a stop loss just below the nearest support level to manage risk. For example, just below ₹4000 or the nearest pitchfan support line.
6) Volume Consideration:
Continue monitoring volume to ensure the breakout is supported by strong buying interest. A decline in volume might indicate a potential reversal or consolidation.
7) Risk Management
Position Sizing: Use appropriate position sizing to manage risk, considering the distance to your stop loss level.
Trailing Stop: Consider using a trailing stop as the price approaches the 1st TRG and 2nd TRG to lock in profits while allowing for further upside potential.
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TRIDENT LTD. - Swing Trade Analysis - 30th July #stocksTRIDENT LTD (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
ORCHID PHARMA - Swing Trade Analysis - 21st July #stocksORCHID PHARMA (1W TF) - Swing Trade Analysis given on 21st July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Strong weekly Breakout candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - Done ✓
* Disclaimer
#niftypharma
MOTHERSONThis a multi bagger stock . Huge potential.
Multi-year breakout try .. with high volume
Large cap company with moderate risk
my study point
company in India
holdings :-)))
a) Promoters :- 65 %
b) mutual fund :- 13%
c) FIls & DIIs :- 12%
d) Public 10%
Motherson Sumi Q3 Results: Revenue Jumps 25%, Ebitda Up 46% To Highest Ever
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