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Yes Bank (W) - Challenges Key Resistance in Potential Trend RevYes Bank is showing signs of a potential trend reversal after being locked in a multi-year sideways consolidation since June 2020. Last week, the stock gained +4.2% on the back of a massive volume surge , indicating a significant increase in buyer interest. The stock is now positioned directly below a critical horizontal resistance trendline . A decisive breakout above this level is required to confirm a shift from its long-term consolidation phase into a new uptrend. Strong Long-Term Bullish Signals 👍 The potential for a reversal is supported by positive signals on higher timeframes: - Monthly & Weekly Momentum: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state on both the monthly and weekly charts. - Confirmed Strength: The Relative Strength Index (RSI) is also rising on both the monthly and weekly timeframes, confirming strong underlying momentum. Outlook: A Breakout Awaits The stock is at a crucial make-or-break point. While the long-term indicators are bullish, overcoming the overhead resistance is essential. - Bullish Case 📈: If the current momentum is sustained and the stock achieves a decisive breakout, the next potential target is the ₹27 level. - Bearish Case 📉: If the resistance holds and the momentum fades, the stock could pull back to find support near the ₹18 level.
NSE:YESBANKLong
by Learn_with_Pth0mas
Sammaan Cap (W) - Poised for a Potential BreakoutAfter a prolonged downtrend that began in August 2018, Sammaan Capital transitioned into a sideways consolidation phase starting in March 2020. Recently, the stock has shown significant bullish intent. Last week, it surged by +19.74% , accompanied by an exceptionally high volume spike of 462.74 million shares . This powerful move brought the price to the brink of breaking out from a key short-term resistance trendline. Several technical indicators support a bullish outlook: - Moving Averages: The short-term Exponential Moving Averages (EMAs) are in a state of positive crossover on both the monthly and weekly timeframes. - Momentum: The Relative Strength Index (RSI) has also registered a positive crossover on both timeframes, signaling strong upward momentum. - Volume: A steady increase in average volume suggests growing buyer interest. Future Outlook: The stock's direction hinges on its ability to overcome the immediate resistance. - Bullish Scenario: If the current momentum is sustained and the stock achieves a decisive breakout with strong volume, the next potential target is the 205 level. - Bearish Scenario: Conversely, a failure to breach this resistance could lead to a loss of momentum, potentially pulling the price back towards the 112 support level. The price action in the coming week will be crucial in confirming the stock's next directional move.
NSE:SAMMAANCAPLong
by Learn_with_Pth0mas
Rategain (W) - Challenges Major Resistance After Parabolic RallyFollowing a powerful trend reversal that began in August 2025, RateGain has surged over 70% and is now confronting a major confluence of resistance. The stock is simultaneously testing a long-term angular resistance trendline and a key horizontal resistance level . This critical test comes after a prolonged downtrend that was in place since February 2024, positioning the stock at a crucial make-or-break point. Strong Bullish Undertone 👍 The rally is supported by a host of positive technical indicators, suggesting strong underlying momentum leading into this resistance zone: - Rising Volume: There has been a consistent increase in trading volume , indicating growing and sustained buyer interest. - Positive Momentum: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state. - Confirmed Strength: The Relative Strength Index (RSI) is also rising, confirming the bullish momentum. Outlook: A Breakout Awaits Confirmation The stock's ability to overcome this dual resistance will be the key determinant of its future trend. - Bullish Case 📈: A decisive and high-volume breakout above both resistance levels in the coming week could trigger the next leg of the rally, with a potential price target of ₹845 . - Bearish Case 📉: If the resistance holds and momentum fails to carry the stock through, a pullback towards the support level of ₹623 is possible.
NSE:RATEGAINLong
by Learn_with_Pth0mas
Suryoday (W) - Shows Reversal Signs but Halts at Key ResistanceSuryoday Small Finance Bank is showing signs of a potential trend reversal, marked by the recent formation of Higher Lows . Last week, the stock made a significant move, surging +14.38% on massive volume. During this session, it broke through two minor resistances but ultimately closed below a critical long-term resistance level . This price action indicates a powerful attempt by buyers that was met with significant selling pressure at a key technical barrier. Conflicting Technical Signals The current technical landscape presents a mixed picture, highlighting the uncertainty at this juncture: Bullish Signs 👍: - Weekly Momentum: On the weekly timeframe, both the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are in a bullish crossover state. Bearish Signs 📉: - Declining Volume: The overall trading volume has been drying up , which typically signals a lack of conviction from buyers, despite last week's volume spike. Outlook: A Decisive Week Ahead The stock is at a critical inflection point. The powerful surge last week shows bullish intent, but the failure to close above resistance and the low overall volume are causes for caution. The price action in the upcoming week will be crucial in determining whether the stock has the strength to finally break through resistance or if it will be rejected again.
NSE:SURYODAY
by Learn_with_Pth0mas
Max Healthcare – Impressive Earnings, Fragile TechnicalsMax Healthcare Institute shares have slid sharply, closing near ₹1,069 with heavy selling volume. On the Elliott Wave front, price appears to have completed Wave W at 1,060 after a clean five-wave decline. With RSI deeply oversold, a relief rally in Wave X could unfold, but the larger structure still favors another leg down into Wave Y , with the major demand zone around 980–940 in focus. The overhead resistance supply zone near 1,120–1,140 remains the key cap for any bounce. Unless price reclaims this zone with strength, the downward bias prevails. What makes this interesting is the fundamental backdrop : Revenue grew from ₹1,542 crore in June 2024 to ₹2,027 crore in June 2025. Net profit held steady above ₹300 crore in the latest quarter. Annual revenue surged from ₹2,504 crore in 2021 to ₹7,028 crore in 2025, with net profit crossing ₹1,075 crore. Despite these strong numbers, technicals are hinting at caution — proving that even fundamentally solid stocks can correct when sentiment turns. Bias: Short, unless Wave X reclaims supply convincingly. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:MAXHEALTHShort
by WaveXplorer
Gallant Isp (W) - Consolidates in Bullish Pattern After New ATHFollowing a powerful and sustained uptrend since May 2023, Gallantt Ispat Ltd. reached a new All-Time High (ATH) in August 2025. For the past few weeks, the stock has entered a healthy sideways consolidation phase . This type of consolidation after a strong rally is often a bullish continuation pattern, suggesting the primary uptrend is likely to resume. Strong Underlying Bullish Indicators 👍 The positive long-term outlook is reinforced by several strong technical signals on higher timeframes: - Sustained Volume: The average trading volume has been increasing , indicating growing and sustained interest in the stock. - Long-Term Momentum: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state on both the monthly and weekly charts. - Confirmed Strength: The Relative Strength Index (RSI) is also rising on both the monthly and weekly timeframes, confirming strong underlying momentum. Outlook and Key Price Levels The price action in the coming weeks will be crucial to determine the next move out of this consolidation. - Short-Term Range: In the immediate term, the stock could fluctuate between a potential upside target of ₹780 and a downside support level of ₹570 . - Long-Term Potential 📈: If the bullish momentum resumes and the stock breaks out of the current consolidation, a longer-term price target of ₹1,000 could be achievable.
NSE:GALLANTTLong
by Learn_with_Pth0mas
Sun TV (W) - Forms a Bearish Head & Shoulders PatternSun TV has formed a classic Head and Shoulders pattern , a well-known technical formation that typically signals a bearish trend reversal. The stock is currently trading near the critical "neckline" support of this pattern. A decisive break below this level would confirm the pattern and could signal the start of a significant downtrend. Supporting Bearish Indicators 📉 The bearish outlook is further supported by volume trends: - Declining Volume: The average trading volume has been decreasing, which generally indicates a lack of buying interest and conviction in the current price levels. While there have been occasional volume spikes, the overall trend is weak. Outlook and Key Levels The price action in the coming weeks will be crucial. The key event to watch for is a breakdown below the pattern's neckline. - Bearish Case: A confirmed breakdown below the neckline would validate the Head and Shoulders pattern. In this scenario, the stock could enter a bearish phase with a potential downside price target near the ₹407 level. - Bullish Reversal: Conversely, if the neckline holds as strong support and the stock reverses its current trajectory, a move back towards the ₹692 resistance level could be possible.
NSE:SUNTVShort
by Learn_with_Pth0mas
PRECAM: Next Level InsightThe daily chart of PRECAM is currently displaying a technically constructive setup. Notably, the price structure resembles a bullish triple top formation, which, in this context, appears to be acting as a continuation pattern rather than a reversal. This is further supported by a breakout above the recent consolidation range. Importantly, this breakout has been accompanied by a noticeable increase in trading volume over the past five sessions, which may suggest growing market participation and interest in the stock at current levels. Key technical indicators are aligned with this bullish momentum: RSI is trading above the 70 mark , indicating strong upward momentum. MACD is positioned above the zero line , with the signal line maintaining a positive crossover. MACD Histogram remains in positive territory, reinforcing the prevailing bullish sentiment. Based on this setup, the next potential area of price interest or resistance could emerge near the ₹258 level. On the downside, the immediate support lies just below the prior consolidation zone near ₹145 . A sustained move below this level could act as a technical invalidation point for short-term bullish setups and may prompt risk management actions. Disclaimer: This analysis is intended solely for informational and educational purposes. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instrument. All investments carry risk, and past performance is not indicative of future results. Individuals should conduct their own due diligence or consult with a qualified financial advisor before making any investment decisions.
NSE:PRECAMLong
by NiftyNotion
EMAMI: Technical Outlook UpdateFollowing a prolonged downtrend that began in September 2024, EMAMI Ltd. has recently exhibited signs of a potential short-term trend reversal on the daily chart. The stock has demonstrated a notable uptick in momentum, marked by several key technical developments. The stock has decisively moved above its 200-day EMA, a level often regarded as a long-term trend indicator. This breakout was accompanied by a significant increase in trading volume—approximately 5 times the average volume of the 50-day moving average, suggesting heightened market participation. The RSI has crossed above the 60 level, indicating strengthening bullish momentum, though it is approaching the overbought zone. A bullish crossover in the MACD was observed, further supporting the case for near-term strength. Around ₹600, where the stock is currently consolidating post-breakout. First resistance near ₹650, Second resistance around ₹690. A technical stop-loss could be considered below ₹548, aligning with recent swing lows and support levels. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are encouraged to conduct their own research or consult with a qualified financial advisor before making any trading decisions.
NSE:EMAMILTDLong
by NiftyNotion
NBCC (India) – Wave 3 Setup Backed by Strong Project PipelineAfter completing a textbook 5-wave advance into 130.70 , where Wave 5 aligned exactly with the 2.618 extension of Wave 1 projected from Wave 4, NBCC corrected into 98. That low now marks a clean green Wave 2. The recent bounce to 117.20 formed Wave 1 of a higher-degree Wave 3. Price has retraced into the 104–105 zone (0.618 Fib) with visible volume expansion, suggesting accumulation. Invalidation/SL sits at 98 , making risk well-defined. Breakout above 117.20 opens the path toward 130.70+ and potentially much higher, in line with the 2.618 Fib target around 130.65. Fundamentals in Brief Market cap: ₹295.9B P/E ratio: ~50.8, indicating premium valuation but supported by steady order book growth. Revenue (FY24): ~₹115.9B, with Project Management Consultancy (PMC) as the major contributor. Debt: Effectively zero – NBCC runs a net cash balance sheet, giving it flexibility. Dividend yield (TTM): ~0.8% – small, but consistent payouts. Margins: Net margin steady around 5–6%. NBCC’s fundamentals support its technical setup: low leverage, steady revenues, and government backing in project management give confidence that the bullish Elliott Wave count has room to play out. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:NBCCLong
by WaveXplorer
Prakash Ind (D) - Coils in Major Triangle Pattern, Nearing ApexPrakash Industries is currently in a prolonged consolidation phase, trading within a large Triangle pattern that has been forming since September 2023. This pattern typically acts as a continuation of the prior trend, which in this case was a strong uptrend that began in April 2023. The stock is now approaching the apex of this triangle, suggesting a significant price move could be imminent. The key boundaries to watch are: - A formidable long-term resistance trendline dating back to January 2008 . This level has triggered several "fake breakouts" in the past. - A strong support trendline established since September 2023. Outlook: A Breakout Awaits Confirmation The stock is likely to remain range-bound in the immediate short term. A decisive move will only occur upon a breakout or breakdown from the existing pattern, which must be confirmed by a significant increase in trading volume. - Trading Range: Within the current pattern, the stock could oscillate between the upper resistance near ₹187 and the lower support level around ₹160 . - Breakout Scenario 📈: A sustained breakout above the multi-year resistance on high volume would signal a continuation of the primary uptrend. - Breakdown Scenario 📉: Conversely, a breakdown below the support trendline would invalidate the bullish continuation thesis and could lead to a significant correction.
NSE:PRAKASH
by Learn_with_Pth0mas
Tata Steel – Consolidation Breakout with VolumeAfter weeks of sideways price action, Tata Steel has broken out of its consolidation phase with a powerful surge in volume. The breakout candle not only cleared the consolidation range but did so with conviction — volume spiked to multi-week highs, confirming participation. If price holds above the breakout zone, immediate resistances are lined up at ₹170 and ₹178. Trade Plan Entry on retest near ₹165.8. Target: ₹178. Stop-loss: ₹162.4. Invalidation A close below ₹162.4 would weaken the breakout narrative and invalidate this setup. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research and consult a financial advisor before making any trading decisions.
NSE:TATASTEELLong
by WaveXplorer
INDNIPPON (D) - Hits New All-Time High After Dual BreakoutIndia Nippon Electricals has demonstrated exceptional bullish momentum, surging to a new All-Time High (ATH) yesterday with a powerful +11.24% gain on the back of massive trading volume. This price surge follows two significant technical breakouts in September 2025: 1. A breakout from a prolonged consolidation phase that had been in place since January 2024. 2. A breakout from a very long-term angular resistance trendline that dated back to January 2020. Since breaking out of consolidation last month, the stock has already gained over 24%. Comprehensive Bullish Confirmation 👍 The upward move is strongly supported by a confluence of positive indicators across multiple timeframes: - Broad-Based Strength: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state across the monthly, weekly, and daily charts . - Confirmed Momentum: The Relative Strength Index (RSI) also shows a bullish crossover on the monthly and weekly charts, while the daily RSI is on the verge of confirming the same. - Volume Trend: There has been a consistent increase in overall trading volume , indicating growing and sustained buyer interest. Outlook and Key Levels Given the rapid and significant price appreciation, a short-term pullback or consolidation would be a healthy technical development. A potential retest of the recent breakout level could offer a lower-risk entry point for new positions ("buy on dips"). - Bullish Case 📈: If the current momentum is sustained, the next potential price target on the upside is ₹1,118 . - Bearish Case 📉: If the momentum is not sustained and a correction occurs, the stock could find support near the ₹900 level.
NSE:INDNIPPONLong
by Learn_with_Pth0mas
IFGL (D) - Rejects at Key Resistance Despite Massive VolumeIFGL Refractories is currently at a critical inflection point after a dramatic but ultimately unsuccessful breakout attempt. Yesterday, the stock surged an incredible +18.35% on massive, multi-year high trading volume, piercing a key horizontal resistance trendline . However, the momentum was not sustained. Today, the stock faced selling pressure and closed back below this critical resistance level, signaling that sellers are still active at this price zone. This price action follows a period of uptrend and consolidation that began after the stock's initial downtrend from its All-Time High in December 2023. Overwhelmingly Bullish Underlying Indicators 👍 Despite the failure to hold the breakout, the underlying technical picture remains exceptionally strong: - Universal Bullish Crossover: Both the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are in a confirmed bullish crossover state across the monthly, weekly, and daily charts . - Volume Thrust: Yesterday's massive volume spike indicates a significant level of interest in the stock, even if it resulted in a short-term rejection. Outlook: Awaiting a Confirmed Breakout The stock is in a classic battle between strong underlying momentum and a stubborn overhead resistance. A decisive and sustained close above the resistance line is now required to confirm the next leg up. - Bullish Case 📈: If buyers can overcome the selling pressure and secure a confirmed breakout, the next potential target is the ₹342 level. - Bearish Case 📉: If the resistance continues to hold and momentum fades, the stock could pull back to find support near the ₹237 level. The price action in the coming days will be crucial.
NSE:IFGLEXPOR
by Learn_with_Pth0mas
BBox (D) - Confirms Major Breakout After Prolonged StruggleBlack Box has successfully broken out from a major angular resistance trendline that had been a significant barrier since the stock's trend reversed in April 2025. After multiple failed attempts, the stock has spent the last few days decisively trading above this line, a move validated by sustained high volume and successful retests of the broken resistance as new support. The breakout was further emphasized yesterday when the stock opened with a significant gap up , firmly establishing its position above the trendline. This entire sequence follows a bullish Double-Bottom reversal pattern in April 2025, which ended the downtrend from the stock's All-Time High in December 2024. Comprehensive Bullish Confirmation 👍 The technical outlook is overwhelmingly positive, with strong confirmation across multiple timeframes: - Multi-Timeframe Strength: The short-term Exponential Moving Averages (EMAs) are in a bullish crossover state across the daily, weekly, and monthly charts . - Broad Momentum: The Relative Strength Index (RSI) also confirms a bullish crossover on the daily and weekly charts and is on the verge of doing so on the monthly chart. - Volume Thrust: The breakout and subsequent trading have been characterized by exceptionally high volume , indicating strong institutional interest. Outlook and Next Hurdle While the breakout from the angular resistance is confirmed, the stock now faces another challenge: a long-term horizontal resistance trendline . - Bullish Case 📈: If the current momentum is sustained and the stock can breach this upcoming horizontal resistance, the path could be clear for a move towards the ₹630 level. - Bearish Case 📉: If this breakout proves to be false and momentum fades, the stock could pull back to find support near the ₹450 level. The price action in the coming days remains critical.
NSE:BBOXLong
by Learn_with_Pth0mas
NALCO (D) - Challenges Major Resistance with Strong MomentumNational Aluminium is making a powerful attempt to break through a major resistance level that has previously thwarted several breakout attempts. The stock surged +4.88% today, closing at ₹213.87 on the back of exceptionally high trading volume, signaling strong buyer interest at this critical juncture. This move is part of a broader uptrend that began in April 2025, which itself was a reversal from a downtrend following the stock's All-Time High in November 2024. Broad-Based Bullish Signals Building 👍 The underlying technical picture is strong and showing signs of further improvement: - Confirmed Long-Term Strength: The short-term Exponential Moving Averages (EMAs) are in a bullish crossover state on both the monthly and weekly charts. The Relative Strength Index (RSI) also confirms a bullish crossover on the weekly chart. - Developing Daily Momentum: On the daily chart, both the EMAs and RSI are on the verge of a bullish crossover , which would provide immediate-term confirmation. The monthly RSI is in a similar poised-to-cross state. - Volume Thrust: Today's price surge was driven by massive volume , indicating a high level of conviction from buyers. Outlook: Awaiting a Decisive Breakout The stock is at a pivotal point. While the indicators are overwhelmingly bullish, a confirmed close above the current resistance is necessary. - Bullish Case 📈: If the stock successfully breaks and sustains its position above the key resistance, especially on good volume, the next potential price target is the ₹245 level. - Bearish Case 📉: If it is rejected at this resistance once again and momentum fades, the stock could pull back to find support near the ₹195 level.
NSE:NATIONALUMLong
by Learn_with_Pth0mas
JSW Steel (D) - Tests Upper Boundary of Long-Term ChannelJSW Steel is currently trading at a critical juncture, testing the upper resistance trendline of a well-defined channel pattern that has been in place since May 2022. Historically, this trendline has acted as a strong barrier, often leading to a price reversal back towards the lower end of the channel. Bearish Indicators Emerge 📉 Several technical indicators are suggesting that the upward momentum is waning and a potential downturn could be imminent: - RSI Divergence: The Relative Strength Index (RSI) is showing bearish signs on the daily chart and is also starting a negative crossover on the weekly chart. - Momentum Shift: Short-term Exponential Moving Averages (EMAs) on the daily chart are entering a negative crossover , signaling a potential shift in short-term momentum to the downside. - Rising Bearish Volume: There has been a noticeable increase in selling volume as the stock approaches this resistance, indicating strengthening bearish pressure. Outlook and Key Levels Given the stock's position at a historical resistance level combined with multiple bearish technical signals, a cautious approach is warranted. If the channel pattern holds true, the stock could reverse from this level and head downwards. A potential downside target in this scenario would be the support level near ₹1,065 . The price action in the coming sessions will be crucial to confirm this potential reversal.
NSE:JSWSTEELShort
by Learn_with_Pth0mas
Munjal Au (D) - Challenges Major Resistance with Strong MomentumMunjal Auto Industries is showing significant bullish strength, surging +5.28% today on the back of massive trading volume. The stock has successfully broken through one long-term resistance and is now positioned just below a second, even more significant, long-term resistance level. This powerful move is part of a broader trend reversal that began in March 2025, following a downtrend from the stock's All-Time High in October 2024. Overwhelmingly Bullish Technical Confirmation 👍 The positive outlook is supported by a rare and powerful alignment of bullish indicators across all major timeframes: - Broad-Based Momentum: Both the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are in a bullish crossover state on the monthly, weekly, and daily charts . - Golden Crossover: A Simple Moving Average (SMA) Golden Crossover occurred a few days ago, providing a strong long-term bullish signal. - Volume Thrust: The recent price gains have been accompanied by significant volume spikes , indicating strong buyer conviction. Outlook and Key Levels The stock is at a critical juncture, facing a major long-term resistance. A successful breakout is required to confirm the next leg of the uptrend. - Bullish Case 📈: If the upward momentum is sustained and the stock decisively breaks through the current resistance, the next potential target is the ₹127 level. - Bearish Case 📉: If the stock is rejected at this major resistance and momentum fades, it could pull back to find support near the ₹90 level.
NSE:MUNJALAULong
by Learn_with_Pth0mas
Coal India (W) - Consolidates in a Potential Bear Flag PatternFollowing a significant downtrend that began in August 2024, Coal India has entered a sideways consolidation phase, which has been in place since December 2024. This prolonged period of consolidation after a downtrend is forming what appears to be a Bear Flag , a classic continuation pattern that typically resolves to the downside. The stock is currently trading within this pattern, approaching a critical juncture. Bearish Indicators to Note 📉 The negative outlook is supported by key observations: - Continuation Pattern: The formation of a Bear Flag itself suggests that the pause is likely a prelude to resuming the prior downtrend. - Declining Volume: Trading volume has been noticeably drying up during this consolidation phase, which often indicates a lack of buying conviction and can precede a breakdown. Outlook and Key Levels The price action in the coming weeks will be crucial. - Bearish Case: A breakdown below the lower trendline of the flag pattern, especially on a spike in volume, would confirm the continuation of the downtrend. - Bullish Reversal: To invalidate the bearish pattern, the stock must stage a decisive breakout above the upper resistance trendline of the flag, supported by a massive surge in volume. Until such a breakout occurs, the prevailing technical bias remains bearish.
NSE:COALINDIAShort
by Learn_with_Pth0mas
#ARIHANTCAPAsset: Arihant Capital Markets Ltd (ARIHANTCAP) Breakout Level: 890 Potential Target: 1075 Stop Loss: 850 (~4%) Timeframe: Short to Low Medium term Risk to Reward ratio : 1:2 Rationale: Fundamentals - Fundamentally decent stock with the following attributes: * ROCE - 21.3% * ROE - 15.9% * Debt to Equity - 0.25 * Stock PE 23.0 / Industry PE - 16.2 || Stock PBV 2.99 / Industry PBV 2.58 - Company is slightly overpriced * EPS / Revenue - Increasing Technicals - ⦁ Stock is forming a large rounding base pattern and surfing the 10/20 DMAs ⦁ Each time the price hits the moving averages, it tends to bounce back and continue up ⦁ The price is above the 200 DMA ⦁ RS line is picking up, momentum is picking up, ADR line is picking up ⦁ Price has climbed back to its ATH Market analysis ⦁ Promoters are holding steady Cons ⦁ Not much institutional participation This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing in financial markets involve significant risk, and past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any trading or investment decisions. The author is not responsible for any financial losses or damages that may result from the use of this information.
NSE:ARIHANTCAPLong
by mdmahanti
ETERNAL – Rising Wedge Breakdown Setup | Target: 280The stock has formed a Rising Wedge pattern after a strong rally, with multiple rejections from the upper trendline (marked by red arrows). previous price action shows weakness near the resistance zone, indicating a potential breakdown. 🔹 Key Highlights: Rising Wedge Pattern visible on the daily chart – a bearish reversal setup. Volume surge in recent sessions signals distribution at higher levels. Gap Support at 277 – likely to be tested once breakdown confirms. Immediate Target: 280, aligning with horizontal support. Risk-to-Reward favored on the short side as price rejects resistance. 🔻 Breakdown Confirmation: 277 (Gap level) 241.45 219.22 This setup offers a clean technical short opportunity if downside momentum continues. Suitable for traders looking to capitalize on wedge breakdowns with volume confirmation. Disclaimer : Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NSE:ETERNALShort
by misalraj
VIP Industries – Rising Channel Breakdown, Support Zone in FocusChart Structure The stock completed a wave 3 advance up to 492.30. What followed is a corrective W–X–Y structure, which probably might test the previous breakout zone around 408–400. This aligns with the 0.382 Fibonacci retracement and previous Wave 1 high, providing strong support. Key Observations The corrective leg has unfolded on weak volume, typical of a Wave 4 structure. Recent breakdown from the rising channel suggests a final (c) leg of Wave Y into the blue support zone. A possible wave (b) retest of the broken channel cannot be ruled out before the final dip. As per Elliott Wave rules, Wave 4 must not overlap Wave 2 (391.85) – keeping structural integrity intact. Trade Plan Entry Zone: Strictly in the 408–400 support band. Stop-Loss: 391.85 (under prior Wave 1 high, violation would invalidate the count). Target: A new high above Wave 3, i.e., ≥492.30, as Wave 5 should extend beyond Wave 3. Volume Insight Correction is unfolding on weak volume – confirmation of Wave 5 will require a green volume expansion from the support zone. Conclusion As long as 391.85 holds, the Wave 4 correction is near its end. A rally into Wave 5 with targets above 492 remains the primary scenario. However, patience is key – entry only in the marked support band. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:VIPINDLong
by WaveXplorer
Max India (D) - Executes a Powerful Dual-Resistance BreakoutMax India has shown a significant bullish development, decisively breaking out of two key resistance levels today. The stock breached both a long-term angular resistance trendline from July 2024 and a short-term resistance from July 2025. This powerful move was confirmed by a massive surge of +14.95% on the back of exceptionally high trading volume, with the stock closing at ₹224.11 . This breakout signals a potential acceleration of the reversal that began in March 2025, following a prolonged downtrend from the stock's All-Time High in July 2024. A Mix of Bullish Indicators 👍 The technical landscape shows a confluence of positive signals, although some are still developing: - Broad Momentum: The Relative Strength Index (RSI) is in a bullish crossover state on both the weekly and daily charts, confirming strong momentum. - Long-Term Strength: A Golden Crossover appeared on the daily chart a few days ago, providing a strong long-term bullish signal. - Developing Confirmation: While short-term Exponential Moving Averages (EMAs) show a bullish crossover on the weekly chart, they have not yet confirmed this on the daily timeframe, suggesting immediate-term momentum is still catching up. Outlook: Awaiting Confirmation While the breakout is powerful, re-confirmation is prudent. A common technical event is a retest of the broken resistance levels as new support. - Bullish Case 📈: If the momentum continues and the breakout is sustained, the next potential target on the upside is the ₹250 resistance level. - Bearish Case 📉: If the breakout fails to hold and momentum subsides, the stock could pull back to find support near the ₹200 level.
NSE:MAXINDLong
by Learn_with_Pth0mas