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USHA MARTIN BREAKS OUT! 7.5% SURGE SIGNALS MASSIVE RALLY AHEADNSE:USHAMART Made Beautiful Chart Structure of Kinda Triple Bottom Reversal Pattern today after Q4 Results with Good Price and Volume action and Breaking the Trendline. Price Action: - The stock has been in a downtrend since November 2024, forming a clear descending resistance line (white diagonal Trendline) - Currently showing strong breakout momentum at ₹334.85, up ₹23.75 (+7.46%) in today's session - Successfully broken above both the downtrend line and horizontal resistance at ₹320-325 - Multiple tests of support at the ₹290 level have created a solid base for the current rally - Higher lows forming since March indicate increasing buying pressure Volume Analysis: - Today's volume at 4.98M shares vs. average of 688.65K (over 7x normal volume) - Previous support bounces (green arrows) also occurred with increased volume - Extremely high volume on today's breakout confirms strong institutional interest - Volume profile shows healthy accumulation during support tests Key Support and Resistance Levels: - Strong support established at ₹290 level (green horizontal line) - Intermediate resistance/support at ₹320-325 (lower red horizontal line) - Major resistance at ₹350 level (upper red horizontal line) - The previous rejection point at ₹350 (red arrow) now becomes the next target - Long-term resistance from October to December 2024 around ₹420 Technical Patterns: 1. Downtrend Line Breakout*- Price has decisively broken above the multi-month downtrend line 2. Kinda Triple Bottom- Formed at ₹290 level (February-May), creating a solid foundation 3. Ascending Triangle- Recent price action shows higher lows against horizontal resistance 4. Volume Confirmation- Massive volume spike validates the technical breakout 5. Bullish Engulfing Candle- Today's price action engulfs previous bearish candles Trade Setup: - Pattern: Downtrend line breakout + horizontal resistance break - Confirmation: Strong price action with 7x normal volume - Context: Potential trend reversal after extended downtrend and base formation Entry Points: 1. Aggressive Entry: Current price (₹334.85) with partial position 2. Pullback Entry: On retest of breakout level ₹320-325 3. Confirmation Entry: Add positions on close above ₹350 (previous resistance) Exit Strategy: - Target 1: ₹350 (immediate resistance) - Target 2: ₹380 (intermediate resistance based on prior support level) - Target 3: ₹420 (major resistance from December 2024) - Trailing Stop: Implement a 5% trailing stop after Target 1 is achieved Stop Loss Placement: - Aggressive Stop: ₹315 (below breakout level) - Conservative Stop: ₹305 (midpoint between support and breakout) - Pattern-Based Stop: ₹290 (below the triple 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: 50% at current level, 25% on pullback, 25% on further confirmation - Scale out: 30% at Target 1, 40% at Target 2, hold remainder with trailing stop Today's powerful breakout on record volume after forming a kinda triple bottom pattern suggests a potential trend reversal. The breakout above both the descending trendline and horizontal resistance provides a compelling technical case for upside continuation. If the stock can maintain momentum above the ₹325 level, it could target the next resistance at ₹350 quickly, with potential for a move toward ₹380-420 in the coming weeks. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:USHAMARTLong
by Karanshah137
7
Advanced Enzymes: Fresh Breakout Above Key ResistanceNSE:ADVENZYMES Made a Beautiful Chart Structure, Gave Fresh Breakout Above Key Resistance, Could Now Trigger 20% Rally - Time to Buy the Dip? Pattern Recognition and Base Formation: NSE:ADVENZYMES has been consolidating in a well-defined rectangular trading range for the past 3-4 months, oscillating between ₹260-305 levels. This sideways consolidation represents a healthy digestion phase after the stock's earlier decline from highs around ₹350. The most recent price action shows a decisive breakout above the ₹305 resistance level on strong volume expansion, suggesting institutional participation and potential trend reversal. The stock appears to be forming a classic "rectangle breakout" pattern, which typically signals continuation of the prevailing trend or reversal from consolidation. Key Technical Levels Analysis: Key Support Levels: - Immediate Support: ₹285-290 (recent breakout zone, now expected to act as support) - Major Support: ₹270-275 (mid-range consolidation area with multiple touches) - Critical Support: ₹260-265 (lower boundary of the rectangle pattern) - Ultimate Floor: ₹257.90 (52-week low and absolute support) Key Resistance Levels: - Immediate Resistance: ₹315-320 (psychological round number resistance) - Next Target: ₹330-335 (halfway to previous highs) - Major Target: ₹350 (previous high retest) - Extension Target: ₹365-370 (measured move from rectangle pattern) Volume Spread Analysis: Today's volume surge to 776.33K shares represents nearly 5x the average daily volume of 162.61K, indicating significant institutional interest. This volume expansion accompanying the breakout is a critical confirmation signal that validates the technical setup. The volume pattern during the consolidation phase showed typical accumulation characteristics - higher volume during declines and moderate volume during bounces, until today's breakout, which shows strong participation. Technical Pattern Assessment: Primary Pattern: Rectangle/Trading Range Breakout - Formation Period: February 2025 - May 2025 - Range: ₹260-305 (approximately ₹45 range) - Breakout Level: ₹305 (achieved with volume confirmation) - Measured Target: ₹350+ (adding range height to breakout point) The pattern shows multiple tests of both support and resistance levels, indicating a mature base formation with strong hands accumulating positions during weakness. Trade Setup: Setup Classification: Breakout Play with Volume Confirmation Entry Strategies: - Aggressive Entry: ₹300-305 (current levels on any minor pullback) - Conservative Entry: ₹285-290 (on retest of breakout level for better risk-reward) - Value Entry: ₹275-280 (if deeper pullback occurs, though less likely given volume surge) Position Sizing: - Initial Allocation: 1-2% of portfolio (given setup quality and volume confirmation) - Scaling Strategy: Add on pullbacks to support levels Profit Taking Approach: - Target 1: ₹325-330 (6-8% upside) - Book 30% of position - Target 2: ₹345-350 (12-15% upside) - Book 40% of position - Target 3: ₹365-370 (18-20% upside) - Hold remaining 30% for potential extension Risk Management Framework: - Tight Stop: ₹295 (3-4% downside for short-term traders) - Swing Stop: ₹285 (7-8% downside for position traders) - Pattern Stop: ₹275 (10% downside - invalidates bullish setup if breached) Sectoral and Fundamental Backdrop: NSE:ADVENZYMES operates in the speciality chemicals and biotechnology space, focusing on enzyme manufacturing for various industrial applications. The sector dynamics are currently favourable due to: Industry Tailwinds: - Growing demand for sustainable and eco-friendly industrial processes - Increasing adoption of enzyme-based solutions in food processing, textiles, and pharmaceuticals - Government push for bio-based manufacturing and green chemistry initiatives - Rising exports of speciality chemicals from India Company Specific Factors: - Strong research and development capabilities in enzyme technology - Diversified application portfolio reducing single-sector dependency - Established client relationships in domestic and international markets - Beneficiary of the "Make in India" initiative in speciality chemicals Fundamental Support: - Consistent revenue growth trajectory in recent quarters - Improving operating margins due to product mix optimization - Strong balance sheet with manageable debt levels - Increasing focus on value-added enzyme products Risk Assessment: Bullish Catalysts: - Volume-confirmed breakout from 3-month consolidation - Strong sectoral tailwinds supporting long-term growth - Technical pattern completion with clear target levels - Established support base providing downside protection Risk Factors: - Broader market volatility could impact momentum stocks - The speciality chemicals sector's sensitivity to raw material costs - Global economic slowdown affecting industrial demand - Competition from larger multinational enzyme manufacturers My Take and Recommendation: NSE:ADVENZYMES presents a compelling technical setup with the stock breaking out of a well-established 3-month trading range on exceptional volume. The combination of strong technical patterns, sectoral tailwinds, and reasonable fundamental backdrop creates an attractive risk-adjusted opportunity. The immediate focus should be on the stock's ability to sustain above the ₹305 breakout level and build momentum toward the ₹325-330 resistance zone. Any pullback to the ₹285-290 area would offer an excellent secondary entry point with improved risk-reward parameters. Given the volume confirmation and sector dynamics, the stock appears positioned for a potential move toward its previous highs around ₹350, representing approximately 15% upside from current levels. However, traders should maintain disciplined risk management and respect the established support levels to protect capital in case of adverse market conditions. The next few trading sessions will be crucial to determine whether this breakout has the sustainability to trigger the next leg of the rally or if it represents a false breakout requiring reassessment of the bullish thesis. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ADVENZYMESLong
by Karanshah137
6
Shaily Eng Plastics Makes a Power MoveNSE:SHAILY Makes a Power Move on Hourly Charts after Q4 Results. Price Action Analysis: The stock is currently trading at ₹1,811.20. After consolidating near the ₹1,650-1,680 support zone for several days, SHAILY has broken out strongly to the upside, reclaiming previous highs near ₹1,820. The price action shows a series of higher lows since the early May bottom, indicating increasing bullish momentum. Volume Analysis: Volume has been healthy at 46.63K shares, significantly above the 30.96K average volume. This confirms genuine buying interest supporting the recent breakout. The volume spikes align with key price movements, particularly during the recent bullish moves, which validates the strength of the current uptrend. Support & Resistance Levels: - Key Resistance: ₹1,835-1,850 zone (previous high) - Immediate Breakout Level: ₹1,820 (now acting as support) - Major Support: ₹1,650-1,680 zone (multiple tests with green arrows) - Base Formation: A solid base was formed between ₹1,650-1,680 after the pullback from April highs Technical Patterns: 1. Rectangle Pattern: The stock formed a rectangular consolidation pattern between mid-April and mid-May (₹1,650-1,680 range) 2. Triple Bottom: Three distinct touches at the ₹1,650-1,680 support zone (marked with green arrows) 3. Bull Flag: The recent consolidation after the strong upward move from early May represents a bull flag pattern that has now resolved to the upside Trade Setup: - Entry Point: ₹1,815-1,820 on a pullback to the breakout level - Stop Loss: ₹1,765 (below the recent swing low) - First Target: ₹1,850 (previous resistance) - Second Target: ₹1,920 (measured move from the rectangle pattern) - Final Target: ₹2,000 (psychological level and potential measured move target) Risk Management: - Position sizing: Limit exposure to 2-3% of trading capital - Risk-Reward Ratio: Approximately 1:1.5 based on the stop loss and the second target - Trailing stop: Move stop loss to breakeven after the price reaches the first target NSE:SHAILY showed exceptional technical strength with the recent breakout above resistance after forming a solid base. The increased volume confirms buyer interest, and the prior triple bottom pattern adds confidence to the bullish outlook. Traders should watch for the continuation of the breakout with the mentioned targets, while protecting capital with the defined stop loss. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SHAILYLong
by Karanshah137
9
Aptus Rising Channel Pattern with Prior Triple Bottom PatternNSE:APTUS : Rising Channel Pattern with Prior Triple Bottom Pattern Signals Major Reversal - Could This Be the Next Multi-Bagger? Pattern Recognition & Base Formation: NSE:APTUS presents a compelling technical setup with a Triple Bottom reversal pattern formed at the ₹267-275 support zone. This pattern, completed over several months from late 2024 to early 2025, represents one of the most reliable bullish reversal formations in technical analysis. The stock has also carved out a distinct ascending triangle pattern with the upper trendline acting as dynamic resistance around ₹340-350 levels. The recent breakout above this consolidation zone, accompanied by increased volume participation, signals a potential trend change from the prolonged correction phase. Key Technical Levels Analysis: Critical Support Levels: - Immediate Support: ₹330-335 (recent breakout consolidation) - Major Support: ₹290-295 (triple bottom neckline and 50% retracement) - Ultimate Support: ₹267-275 (triple bottom base - absolute floor) Resistance Levels: - Immediate Resistance: ₹359 (marked horizontal resistance zone) - Next Target: ₹380-385 (psychological resistance before ATH) - Ultimate Target: ₹401.65 (all-time high retest) - Extension Target: ₹420-430 (measured move from triple bottom pattern) Volume Profile Assessment: The volume pattern shows significant improvement during the recent bounce from the triple bottom lows. Today's volume at 900.31K represents a 44% increase from the 20-day average, indicating institutional interest returning to the stock. The volume during the formation of the triple bottom showed classic accumulation characteristics - high volume on declines (smart money buying) and lower volume on any bounces, until the recent breakout attempt. Technical Pattern Breakdown: Primary Pattern: Triple Bottom Reversal - Formation Period: December 2024 - February 2025 - Support Base: ₹267-275 - Neckline: ₹290-295 - Measured Target: ₹350+ (already achieved), next target ₹420-430 Secondary Pattern: Ascending Triangle - Formation Period: February 2025 - Present - Base: Rising support from ₹275 to ₹330 - Apex: ₹340-350 resistance zone - Breakout Status: In progress with volume confirmation pending Trade Setup Strategy: Setup Classification: Reversal Play with Pattern Confirmation Entry Approaches: - Aggressive Entry: ₹340-345 (current levels on any minor dip) - Conservative Entry: ₹330-335 (on pullback to breakout support) - Value Entry: ₹290-295 (if neckline retest occurs - lower probability) Position Management: - Initial Position: 1-1.5% portfolio allocation - Add-on Levels: ₹330-335 (if pullback materialises) Profit Booking Strategy: - Target 1: ₹365-370 (6-8% upside) - Book 25% position - Target 2: ₹385-390 (12-15% upside) - Book 40% position - Target 3: ₹410-420 (20-25% upside) - Book remaining 35% Risk Management: - Tight Stop: ₹325 (5-6% downside for aggressive traders) - Swing Stop: ₹310 (10% downside for position traders) - Pattern Stop: ₹285 (below neckline - invalidates bullish thesis) Sector & Fundamental Backdrop: Housing finance companies are experiencing renewed interest due to: - Improving real estate cycle momentum - Regulatory clarity on lending norms - Credit growth revival in retail segments - Government policy support for affordable housing Risk-Reward Assessment: Bullish Catalysts: - Triple bottom completion - highly reliable reversal signal - Volume expansion during the recent bounce - Sector tailwinds supporting fundamentals - Technical breakout from months of consolidation - Strong support base established at ₹270 levels Risk Factors: - Overall market volatility could impact momentum - NBFC sector sensitivity to interest rate changes - Need to sustain above ₹340 to confirm breakout - High beta nature amplifies market moves Bottom Line: NSE:APTUS offers an attractive risk-adjusted opportunity with the completion of a triple bottom reversal pattern. The stock appears to be in the early stages of a potential trend reversal after months of base building. The most prudent approach would be to initiate positions around current levels (₹340-345) with a tight stop below ₹325, targeting the ₹365-370 zone initially. Any pullback to the ₹330-335 support area would present an even better entry opportunity. The key technical milestone will be a decisive break and hold above ₹350, which would likely trigger the next leg of the move toward the ₹380-400 zone. Until then, trade with defined risk parameters and respect the established support levels. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not 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.
NSE:APTUSLong
by Karanshah137
4
Honasa Consumer - Breakout Brewing After 6-Month Base Formation NSE:HONASA : Breakout Brewing After 6-Month Base Formation - Is This the Perfect Entry Point? After Q4 FY25 Results, Jefferies Adjusts Price Target to ₹400 From ₹320, Keeps at Buy. They target double-digit revenue growth on retail push, also eyeing Mamaearth revival, thus qualify for my Chart of the Week idea. Base Formation & Pattern Recognition: NSE:HONASA has carved out a compelling 6-month consolidation base between November 2024 and May 2025, with the stock oscillating between ₹197-280 range. This extended sideways movement represents a classic accumulation phase, where smart money has likely been building positions while retail investors remained on the sidelines. The most recent price action shows a powerful breakout above the ₹280 resistance level, accompanied by explosive volume expansion - a textbook technical setup that often precedes sustained upward moves. Key Technical Levels: Key Support Levels: - Primary Support: ₹280 (former resistance, now support) - Secondary Support: ₹240-250 (mid-range consolidation zone) - Major Support: ₹197 (base low and critical floor) Key Resistance Levels: - Immediate Resistance: ₹350-360 (psychological round number) - Next Target: ₹400 (measured move from base breakout) - Long-term Target: ₹472 (0.786 Fibonacci extension visible on chart) Volume Analysis: The standout feature is the dramatic volume surge accompanying today's breakout - nearly 5x the average weekly volume at 26.41M shares. This volume expansion validates the breakout and suggests institutional participation rather than retail-driven momentum. The volume pattern during the 6-month base shows periodic spikes at key support levels, indicating accumulation by informed participants during weakness. Technical Pattern: The chart displays a Rectangle/Trading Range pattern that has resolved to the upside. The measured move target from this pattern projects to approximately ₹400, representing the height of the rectangle (₹280-₹197 = ₹83) added to the breakout point. Trade Setup: Setup Type: Breakout Play with Volume Confirmation Entry Strategy: - Aggressive Entry: ₹325-330 (current levels on any minor pullback) - Conservative Entry: ₹285-290 (on retest of breakout level) Position Sizing: Use 1-2% portfolio risk given the setup quality Exit Strategy: - Target 1: ₹360 (9-10% upside) - Book 30% position - Target 2: ₹400 (20% + upside) - Book another 40% position - Target 3: ₹450-470 (35-40% upside) - Ride remaining position Stop Loss: - Tight Stop: ₹310 (6% downside protection) - Wider Stop: ₹275 (below breakout level for swing traders) Risk Assessment: Bullish Factors: - Clean 6-month base formation - Volume-confirmed breakout - Multiple support levels established - Strong sector tailwinds in the consumer space Risk Factors: - Broader market volatility could impact momentum - Profit-booking likely near psychological levels - Need to hold above ₹280 to maintain bullish structure Bottom Line: Honasa Consumer presents a high-probability technical setup with the stock breaking out of a well-defined 6-month accumulation base on strong volume. The risk-reward profile favours the bulls, with clearly defined support levels for stop placement and multiple upside targets for profit-taking. The key now is whether the stock can sustain above the ₹280 breakout level and continue its march toward the ₹350-400 zone. Any pullback to the ₹285-290 area would offer an attractive secondary entry point for those who missed the initial breakout. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not 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.
NSE:HONASALong
by Karanshah137
8
EPL - Breakout Post Good Q4NSE:EPL Made Beautiful Chart Structure today after posting good Q4 Results with Good Price and Volume action. Price Action Analysis: Resistance Breakout: 1. Primary Resistance Break: The stock has successfully broken above the well-defined resistance zone at ₹203-205 (lower red rectangle), which had contained price movements since mid-April. 2. Approaching Major Resistance: With today's 4.57% gain, EPL is now testing a critical longer-term resistance level at ₹210-213 (upper red rectangle), which has capped prices since late February after a sharp decline from the ₹250+ level. 3. Base Formation: After hitting lows around ₹183 in early April, the stock has formed a constructive base pattern with higher lows, suggesting accumulation and buying support at progressively higher levels. Volume Analysis: Today's volume characteristics strongly support the bullish case: - Volume of 3.34M shares is significantly above the 20-day average of 895.96K (nearly 4x normal volume) - The volume spike coincides perfectly with the upside breakout - Prior consolidation showed decreasing volume, typically a precursor to a volume-supported breakout - The recent accumulation phase (late April to early May) displayed positive volume patterns Key Support and Resistance Levels: Key Resistance Levels: 1. Immediate Resistance: ₹210-213 (upper red rectangle - critical level being tested now) 2. Intermediate Resistance: ₹225 (reaction high from mid-February) 3. Major Resistance: ₹250-255 (February high) Key Support Levels: 1. New Support: ₹203-205 (previous resistance now converted to support) 2. Secondary Support: ₹195-198 (consolidation range from late April) 3. Strong Support: ₹183-185 (April lows and beginning of current base) Technical Patterns: 1. Double Bottom: The March and April lows near ₹183-190 formed a double bottom pattern, typically a reversal signal. 2. Range Breakout: Today's move represents a clear breakout from the April-May trading range. Volume Confirmation: The volume trend provides strong confirmation: - Clear volume divergence during the April bottom (decreasing volume on downmoves) - Increasing volume during recovery phases - Today's substantial volume spike on breakout (3.34M shares) - Volume well above average throughout May, suggesting institutional participation My Outlook: The combination of a multi-week base breakout with exceptionally strong volume support signals a potentially significant shift in momentum. The key technical question now is whether EPL can overcome the major resistance at ₹210-213. If the stock can close convincingly above ₹213 in the coming sessions, it would complete a substantial bottoming pattern with potential upside targets at ₹225 initially and ₹240-250 longer-term. Conversely, failure at this resistance could lead to a retest of the breakout level at ₹203-205, which should now provide support. Keep in the Watchlist and on your Radar. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not 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.
NSE:EPLLong
by Karanshah137
2
Multi-Month Triangle Breakout Can Signal Move to ₹750+NSE:TIPSMUSIC Made a Beautiful Chart Structure Today and Breaks Free of Multi-Month Triangle Breakout and Could Signal Explosive Move to ₹750+ Price Action Analysis: NSE:TIPSMUSIC is currently trading at ₹676.80, up 3.68% (₹24.00) today. The stock has been consolidating in a narrowing range since January 2025, forming a classic symmetrical triangle pattern. After testing the lower support multiple times around ₹580-600, the stock is now approaching the apex of the triangle and showing signs of a potential upside breakout. The recent price action shows higher lows being formed, indicating growing buying interest at lower levels. Volume Analysis: Volume is healthy at 319.61K shares, significantly above the average of 192.25 K. The increased participation suggests growing interest as the stock approaches a crucial decision point. Volume patterns show consistent buying support during dips to the triangle's lower boundary, while recent sessions have seen upticks in volume accompanying the move higher. Key Support & Resistance Levels: - Immediate Resistance: ₹720-730 zone (upper triangle boundary and previous resistance) - Major Resistance: ₹750-760 (prior swing high from December) - Triangle Support: ₹580-600 zone (marked with green arrows - multiple successful tests) - Key Support: ₹560-570 (breakdown level that would invalidate the pattern) - Dynamic Resistance: Descending trendline from November highs Technical Patterns: 1. Symmetrical Triangle: Well-defined triangle formation since January, with converging trendlines 2. Triple Bottom: Multiple successful tests of the ₹580-600 support zone (green arrows) 3. Ascending Triangle Element: The recent higher lows suggest buyers are becoming more aggressive 4. Compression Pattern: Decreasing volatility as price approaches the triangle apex, typically before significant moves Trade Setup - Breakout Play: Entry Strategy: - Primary Entry: ₹695-700 on confirmed breakout above triangle resistance with volume - Secondary Entry: ₹680-685 on any pullback to current levels (anticipatory entry) Targets: - First Target: ₹730-735 (immediate resistance) - Second Target: ₹760-770 (measured move from triangle base) - Final Target: ₹800-820 (extension target based on triangle height) Risk Management: - Stop Loss: ₹640 (below recent swing low and triangle support) - Tight Stop: ₹660 for aggressive traders - Position Size: Maximum 2% of portfolio at risk Alternative Setup - Continuation Play For conservative traders waiting for confirmation: - Entry: ₹735-740 (after clearing first resistance zone) - Stop Loss: ₹695 (below breakout level) - Targets: ₹780, ₹820, ₹860 Risk-Reward Analysis: - Primary Setup R:R = 1:2.5 (Entry ₹690, Stop ₹640, Target ₹770) - The triangle pattern suggests a potential 15-20% move upon breakout - A failed breakout risk exists if volume doesn't confirm the move Key Catalysts to Watch: The stock appears to be in the final stages of its triangle consolidation. A breakout above ₹720 with strong volume (above 400K shares) would confirm the pattern and likely trigger momentum buying. Conversely, a breakdown below ₹640 would invalidate the bullish setup and could lead to a test of ₹560-570 levels. The decreasing volatility and tightening price range suggest a significant move is imminent. Given the multiple successful tests of support and the overall market context, the probability favours an upside resolution, making this an attractive risk-reward setup for both swing and position traders. Traders should monitor volume closely on any breakout attempt, as genuine breakouts from triangle patterns typically require volume confirmation to sustain the move. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TIPSMUSICLong
by Karanshah137
8
TTML Smashes Resistance After 3-Month Base MASSIVE 18% SURGE MASSIVE 18% SURGE in NSE:TTML Smashes Resistance After 3-Month Base - The Perfect Breakout Trade Blueprint! Also made a Beautiful Chart Structure of Kinda Triple Bottom Reversal Pattern today after Good Price and Volume action. Price Action Analysis: NSE:TTML is currently experiencing a significant bullish move, trading at ₹69.09 with an impressive 18.65% gain (₹10.86). The stock has made a decisive breakout from a well-defined range that had contained prices since March 2025. Today's powerful green candle has cleanly broken above the resistance zone at ₹62-64, showing strong momentum and conviction from buyers. Volume Analysis: The volume is exceptionally strong at 105.91M shares versus the average of 7.99M—over 13 times normal volume. This massive spike in participation confirms the legitimacy of the breakout and suggests institutional buying. High volume on breakouts is a classic confirmation signal that increases the probability of continued upward movement. Support & Resistance Levels: - Major Resistance (Now Broken): ₹62-64 zone (horizontal red box) - Next Major Resistance: ₹74-76 area (upper horizontal red line) - New Support: ₹62-64 (previous resistance now becomes support) - Strong Base Support: ₹54-56 (multiple green arrows showing successful tests) Technical Patterns: 1. Triple Bottom: Multiple tests of the ₹54-56 support zone (marked with green arrows) showing strong accumulation 2. Range Breakout: Clear break above the 3-month consolidation range between ₹54 and ₹64 Trade Setup: - Entry Point: ₹68-70 on any minor pullback today or tomorrow - Stop Loss: ₹61.50 (just below the broken resistance zone) - First Target: ₹74-76 (previous resistance level) - Second Target: ₹84-86 (previous swing high from December) - Final Target: ₹95 (measured move projection from the range breakout) Risk Management: - Position sizing: Maximum 2% of trading capital at risk - Risk-Reward Ratio: Approximately 1:1.5 based on the entry and the second target. - Trailing stop: Once price moves above ₹76, move stop loss to breakeven, then trail below each higher low Additional Insights: The stock has formed a solid base over three months with multiple tests of support around ₹54-56, allowing for accumulation before this explosive move. The prior downtrend appears to have been arrested, with higher lows forming since March. The breakout comes with exceptional volume confirmation, suggesting this isn't a false move but potentially the beginning of a new uptrend. The prior resistance at ₹74-76 (horizontal red line at the top) will be critical; clearing this level would confirm a complete trend reversal and potentially lead to a test of the December 2024 highs near ₹84-86. Traders should be vigilant about potential pullbacks to the breakout zone (₹62-64), which would provide ideal secondary entry opportunities with tighter stop losses. The exceptional volume and percentage gain indicate strong momentum that could carry prices significantly higher in the coming weeks. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TTMLLong
by Karanshah137
10
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.
NSE:EDELWEISSLong
by karthikmarar
1
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.
NSE:CDSLLong
by karthikmarar
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not 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.
NSE:TITAGARHLong
by Karanshah137
16
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. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not 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.
NSE:KAJARIACERLong
by Karanshah137
4
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. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not 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.
NSE:GRINDWELL
by Karanshah137
4
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.
NSE:KIRLOSBROSLong
by karthikmarar
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.
NSE:IOCLong
by karthikmarar
3
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes only 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:GLAXOLong
by Karanshah137
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.
NSE:SBICARDLong
by NiftyNotion
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
NSE:CUMMINSINDLong
by TradeRyteStockz