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UPL (W): Strongly Bullish, Fundamentally-Driven BreakoutBased on Weekly Timeframe, Logarithmic Scale This is a high-conviction breakout. The stock has decisively broken a 4.5-year angular resistance, driven by a blockbuster quarterly earnings report that confirmed a strong business turnaround. The alignment of high-timeframe indicators suggests a new long-term uptrend is beginning. 🚀 1. The Fundamental Catalyst (The "Why") The technical breakout is not random. It is a direct response to strong Q2 2026 earnings : - Strong Profitability: The company reported a 40% year-over-year growth in EBITDA and a net profit of ₹553 crore , a massive turnaround from the net loss reported in the same quarter last year. - Upgraded Guidance: Management upgraded its full-year EBITDA growth guidance, signaling confidence in the business. - Market Reaction: This news provided the "fuel" for the market to absorb supply and break the multi-year resistance. 📈 2. The Long-Term Setup (The "Big Picture") - The 2021 Peak: After its ATH in June 2021 , the stock was capped by a long-term angular resistance trendline . - The 2024 Bottom: The stock was in a corrective downtrend, which found its ultimate bottom in March 2024 . - The Reversal: Since that low, the stock has been in a steady reversal, forming a bullish structure of Higher Lows . - The "Lid": This recovery was repeatedly halted by the 4.5-year angular resistance, which it failed to break on previous attempts. 📊 3. The Decisive Breakout (The Past Two Weeks) - Week of Nov 03: The stock broke out and closed above the angular resistance for the first time. - Week of Nov 10: The stock confirmed the breakout with a gap-up open and a further 1.42% gain. - Volume: The volume during the March 2024 uptrend was low (a "wall of worry"), but the breakout and confirmation weeks saw above-average volume ( 12.29 Million last week), confirming institutional interest. 🎯 4. Confluence of Indicators Indicator analysis confirms the new long-term trend. This "trifecta" of bullishness on high timeframes is very powerful: - EMAs: Short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on both the Monthly and Weekly charts. - RSI: The Relative Strength Index is rising on both the Monthly and Weekly charts. 🧠 5. Short-Term Caution & Future Scenarios - The "Inverted Hammer": The last daily candle of the week was an "inverted hammer." This is a sign of short-term indecision and profit-taking . It signals that while the breakout is valid, it's meeting immediate supply, and a healthy pullback or "re-test" is highly possible. - Conclusion: The trend is now bullish, but the entry point is key. 🐂 The Bullish Case (Continuation) - Trigger: The bullish momentum continues, absorbing the short-term profit-taking. - Target: The next logical price target is ₹830 . 🐻 The Pullback Case (Healthy Re-test) - Trigger: If the "inverted hammer" plays out and momentum is lost in the short term . - Support: The price would likely fall to re-test the angular resistance-turned-support at ₹730 . A "bounce" off this level would be a classic, healthy confirmation of the breakout.
NSE:UPLLong
by Learn_with_Pth0mas
DOMS Industries Ltd – Range Breakout Attempt After Earnings.DOMS Industries continues to trade inside a well-defined range structure, with price repeatedly rejecting the ₹2,630–₹2,660 resistance zone. The recent strong bullish candle toward the upper boundary, combined with improving sentiment after earnings, signals a potential breakout attempt. A clear gap zone retest around ₹2,520–₹2,550 provided a solid base. Support at ₹2,450 has held cleanly multiple times, validating the lower boundary of the range. With volume slowly recovering from its multi-week decline and price pressing into resistance again, DOMS is approaching a decisive move. 🎯 Key Technical Levels CMP: ₹2,621.70 (+4.49%) Resistance Zone: ₹2,630 – ₹2,660 (Range high) Gap Support: ₹2,520 – ₹2,550 Major Support: ₹2,450 Breakout Levels to Watch: Close above ₹2,660 with strong volume 📈 Technical View Price is respecting a horizontal range for several weeks. Repeated rejections highlighted by circles show strong supply near ₹2,650. Gap zone acted as demand, helping price bounce back toward resistance. Volume trend has been falling, suggesting participation has been subdued — a pickup in volume during any breakout would be critical. Structure stays bullish above ₹2,520; bearish only if price closes below ₹2,450. 📊 Latest Earnings Snapshot DOMS continues to deliver strong quarterly performance, supporting the technical setup: Q2 FY26 (Sep 2025): Net Profit: ~₹55.8 Cr YoY Profit Growth: ~16% Q1 FY26: Revenue: ₹508.7 Cr (↑ ~26% YoY) PAT: ~₹59.1 Cr (↑ ~8.8% YoY) Consistent earnings growth strengthens the medium-term outlook and boosts confidence in a potential range breakout. 🧠 View DOMS is back at its major resistance zone after a clean bounce from the gap support. A strong-volume breakout above ₹2,660 can trigger a momentum extension toward fresh highs, while ₹2,520 and ₹2,450 remain key demand zones to watch.
NSE:DOMSLong
by yatharthshah23
Thyrocare-A beautiful breakout is done!Thyrocare has given a good closing today above its previous ATH. Stock has formed a beautiful rounding bottom pattern. Volumes buildup before breakout is decent as well. Previously, i had covered Policybazar & Zomato with such patterns and they have given amazing returns. Keep this stock in watchlist. This can give similar move as well. Entering at ATH levels is tricky but these stocks come with excellent reward opportunity. I am NISM certified RA and not SEBI registered. This is not a recommendation but is shared for you to learn.
NSE:THYROCARELong
by chartistamey
1
Borosil (W): Cautiously Bullish, Awaiting Breakout ConfirmationThis is a classic "wait and watch" scenario. The stock is in a multi-year base-building pattern, and all signs point to a significant bullish breakout. However, a formidable resistance has not yet been broken. 📈 1. The Long-Term Context - Multi-Year Consolidation: The stock has been in a wide, sideways consolidation phase since its All-Time High (ATH) in April 2022. - The "Lid": This entire 3.5-year pattern has been capped by a critical horizontal resistance trendline formed since December 2021 . This level is the single most important line on the chart. 🚀 2. The Current Setup (The "Battle at Resistance") - The "Battle": For the past five weeks , the stock has been actively "battling" this multi-year resistance. - The Failure (So Far): While there have been multiple attempts, the stock has failed to secure a weekly close above this level . - Bullish Volume: After a long "dry period," volume is slowly rising. Crucially, these breakout attempts are being accompanied by volume spikes , showing that buyer conviction is growing. 📊 3. Confluence of Bullish Indicators The alignment of the Monthly and Weekly timeframes is a very powerful sign: - RSI: The Relative Strength Index is rising on both the Monthly and Weekly timeframes, showing that long-term momentum is building. - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on both the Monthly and Weekly timeframes, confirming the long-term trend is turning bullish. 🎯 4. Future Scenarios & The "Game Plan" 🐂 The Bullish Case (Confirmation) - Trigger: We need to see a decisive weekly close above the horizontal resistance. - Confirmation: The "gold standard" confirmation, would be a successful "re-test" —where the stock pulls back, touches the old resistance, and "bounces" off it as new support. - Target 1: ₹840 - Target 2: ₹1,130 🐻 The Bearish Case (Breakout Failure) - Trigger: If this 5-week "battle" results in a strong rejection and momentum is lost. - Target: The stock will likely fall to retest its immediate support level at ₹635 . Conclusion The rising volume and bullish high-timeframe indicators are pressing against a multi-year resistance. The breakout, if it is confirmed, will be significant. The best approach is patience.
NSE:BORORENEW
by Learn_with_Pth0mas
Samvardhana Motherson just made a triangle breakout.will it sustJust broke out of triangle pattern with good volume spike. Volumes are 3 times the average. It brokeout of treandline on 12 September and gave a move of 10% before entring into consolidation of triangle pattern. It just broke out of the pattern giving bullish signal. Indicators RSI is >60 which is a bullish signal ADX is still weak at 13.38 although rising when compared to day before when it was 10.9 Entry at 110 looks safe Might retrace till 100 SL at 95 Target at 119--130
NSE:MOTHERSONLong
by wahniwal
4
Ashok Leyland (D): Strongly Bullish, Blue-Sky BreakoutThis is a high-conviction, fundamentally-driven breakout. After a volatile re-test, the stock has confirmed its breakout above a key consolidation zone and is now in a "price discovery" phase, backed by exceptional volume and strong earnings. 🚀 1. The Fundamental Catalyst (The "Why") The explosive move this week is powered by a strong Q2 2026 earnings report (announced Nov 12). The positive results and dividend declaration provided the high-conviction "fuel" for the market to absorb the failed re-test and drive the stock to a new all-time high. 📈 2. The Decisive Breakout (The "Whipsaw") - Part 1 (The Breakout): On Nov 11 , the stock broke above the horizontal resistance from Sep 2025 (at the ₹144-₹146 level). - Part 2 (The "Fakeout"): On Nov 12 , the stock failed its re-test, closing below this new support. This move likely trapped bearish traders. - Part 3 (The Confirmation): Today, Nov 13 , the stock gapped up (opening above the resistance) and surged +5.53% on massive 53.62 Million volume. This powerful move creates a new all-time high and confirms the breakout is real. 📊 3. Confluence of Bullish Indicators - Volume: The consolidation phase had below-average volume. Today's 53M+ share volume is a massive spike, confirming institutional participation. - RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts . - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes . This alignment of all three timeframes, combined with the fundamental catalyst, gives this breakout a very high probability of success. 🎯 4. Future Scenarios & Key Levels to Watch The stock is now in a "price discovery" trend. 🐂 The Bullish Case (Momentum Continues) - Trigger: The stock is in a new uptrend with no overhead resistance. - Target: ₹161 is the first logical objective. 🐻 The Pullback Case (Support Test) - Trigger: If the stock pauses to digest its 5.5% single-day gain. - Support: The price would likely fall to re-test the resistance-turned-support at ₹144 . A "bounce" off this level would be a textbook confirmation of the new support floor and an ideal entry point for those who missed the initial surge.
NSE:ASHOKLEYLong
by Learn_with_Pth0mas
Biocon Ltd – Breakout from Resistance with Strong Volume SurgeBiocon has delivered a powerful breakout above its key resistance zone of ₹395–₹405, backed by a sharp volume expansion and strong follow-through candles. After months of consolidation within the golden zone (₹355–₹370), the stock has finally regained momentum, suggesting a potential trend reversal. The structure now favors continuation toward the upper target zone, with EMAs aligning positively and momentum indicators supporting strength. 🎯 Key Levels: CMP: ₹417.00 (+2.73%) Golden Zone (Base Support): ₹355 – ₹370 Resistance (Now Support): ₹395 – ₹405 Target Zone: ₹460 – ₹475 Stop-Loss: ₹385 (on daily close basis) 📊 Technical View: Resistance breakout with strong bullish candle and high volume. EMA crossover (20 > 50) confirms short-term bullish trend. Sustaining above ₹405 may lead to a momentum rally toward ₹460+. Golden zone remains a reliable base for any pullback opportunities. 🧠 View: Biocon has confirmed a breakout after a prolonged consolidation phase. Sustained momentum above ₹405 could lead to a steady move toward ₹470 levels in the short to medium term.
NSE:BIOCONLong
by yatharthshah23
Biocon (D): Strongly BullishThis is a high-conviction breakout in progress. A major fundamental catalyst (record-breaking earnings) is providing the "great momentum", driving the price to challenge a critical multi-year resistance. All indicators are aligned for a major new uptrend. 🚀 1. The Fundamental Catalyst The primary driver for today's move is a blowout Q2 2026 earnings report : - Net Profit: Surged 392% year-over-year. - Revenue: Grew 20% year-over-year. - Today's Action: The market reacted with a gap-up open , a +5.40% surge , and massive 16.38 Million in volume, confirming strong institutional interest. 📈 2. The Long-Term Context - The 2020 Peak: After its ATH in December 2020, the stock entered a multi-year downtrend. - The 2023 Bottom: This trend found its bottom in March 2023 . - The Reversal: Since then, the stock has been in a 2.5-year reversal, forming a bullish base of Higher Lows . - The "Lid": This entire recovery has been capped by the key horizontal resistance zone formed back in June-December 2020 . 📊 3. The Decisive Breakout Today's earnings-driven surge is challenging this multi-year resistance zone right now . - Failed Attempts: There were multiple failed attempts to break this level in the past. - Drying Volume: The consolidation phase before today's move saw volume dry up , a classic sign of seller exhaustion. - The Breakout: Today's high-volume gap-up is the most powerful and fundamentally-backed attempt to break this "lid" to date. 🎯 4. Confluence of Bullish Indicators This breakout is supported by a rare "trifecta" of bullish signals across all timeframes: - EMAs: Short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on the Daily, Weekly, and Monthly charts . - RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts . This alignment indicates that the long-term, medium-term, and short-term trends are all in sync for the first time in years. 🧠 5. Future Scenarios & Key Levels to Watch The price action in the coming sessions is critical. 🐂 The Bullish Case (Confirmation) - Trigger: The stock must get a decisive daily or weekly close above the 2020 resistance zone. - Target: This would confirm the start of a new, long-term bull market, and ₹470 target is the logical next objective. 🐻 The Bearish Case (Breakout Failure) - Trigger: If this move is a "bull trap" (e.g., profit-taking overpowers the good news). - Confirmation: The stock fails to hold its gains and falls back below the resistance zone. - Target: This failure would likely see the stock fall to retest the immediate support level at ₹375 .
NSE:BIOCONLong
by Learn_with_Pth0mas
Kirloskar (D): Bullish, Awaiting Breakout ConfirmationThis is a "wait and watch" scenario. The stock is at a critical decision point. A massive fundamental catalyst (record-breaking earnings) has met a powerful technical resistance. The price-action of the next few days will be crucial. 🚀 1. The Fundamental Catalyst Today's explosive move was fundamentally driven. The stock gapped up and surged +11.98% on 11.37 Million in volume as a direct response to its record-breaking Q2 2026 earnings (44% profit growth). This provides a strong, non-speculative a to the bullish case. 📈 2. The Long-Term Context (The Setup) - The 2024-2025 Correction: After its ATH in July 2024, the stock entered a downtrend, which found its bottom in February 2025. - The Recovery: Since then, the stock has been in a slow, methodical uptrend, forming a bullish structure of Higher Lows . - Drying Volume: Volume had dried up during this slow uptrend, a classic sign of accumulation before a major move. 🎯 3. Today's Action (The "Battle at Resistance") The stock's upward progress was blocked by a dual resistance : 1. A short-term horizontal resistance (since Jan 2025). 2. A long-term angular resistance (from the Jul 2024 ATH). Today, the stock's gap-up broke the short-term horizontal resistance intraday , but by the market's close, sellers pushed it back down. It failed to close above this level . This "rejection" or "failed close" signals that a significant supply of sellers (profit-takers) exists at this exact point, despite the great news. 📊 4. Confluence of Bullish Indicators Despite today's rejection, the underlying trend is powerfully bullish: - RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts . - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes . This "trifecta" of bullishness across all timeframes suggests today's rejection is likely a pause, not a top. 🧠 5. Future Scenarios & Key Levels to Watch The next few days will define the trend. 🐂 The Bullish Case (Confirmation) - Trigger: We need to see a decisive daily close above the horizontal resistance, followed by a break of the main angular trendline. - Target: This would confirm the breakout and open the path to the ₹1,255 level. 🐻 The Bearish Case (Rejection) - Trigger: If today's failed close is a bull trap and the momentum is lost. - Target: The price will likely fall to retest the primary support level at ₹890 .
NSE:KIRLOSENGLong
by Learn_with_Pth0mas
Yatra Online (D): Strongly Bullish, Fundamentally-Driven BOThis is a high-conviction breakout, driven by explosive quarterly earnings. The stock has successfully broken its short-term consolidation but was temporarily rejected at its multi-year high. The underlying momentum is exceptionally strong. 🚀 1. The Fundamental Catalyst (The "Why") The technicals are being driven by fundamentals. Today's +11.88% surge on massive 35.31 Million volume is a direct response to Yatra's record-breaking Q2 2026 earnings , which featured: - Net Profit up 96% year-over-year. - Revenue up 48% year-over-year. - A raised full-year EBITDA guidance from the company. 📈 2. The Long-Term Context (The Setup) - The Bottom & Reversal: After making its all-time low in March 2025 , the stock has been in a strong, sustained uptrend. - The Consolidation: From August 2025, the stock entered a sideways trend, building a base for its next move. Volume was declining during this period—a classic sign of accumulation. 🎯 3. Today's Action (The "Two-Resistance Battle") Today's price action was a textbook example of a breakout hitting two resistance levels: - Resistance 1 (CLEARED): The short-term horizontal resistance from September 2025 (at ~₹172 ). The stock decisively broke and closed above this level. - Resistance 2 (REJECTED): The long-term horizontal resistance from January 2024 (the previous multi-year high). The stock breached this level intraday to make a new ATH, but failed to close above it . This is a key sign of selling pressure or profit-taking at the old high. 📊 4. Key Technical Indicators Indicator analysis confirms the bullish power across all timeframes: - RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts . - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes . 🧠 5. Future Scenarios & Key Levels to Watch The path forward is now clearly defined by the two resistance levels identified. 🐂 The Bullish Case (Confirmation) - Trigger: The stock must now get a decisive daily close above the long-term resistance (the Jan 2024 high it was rejected from today). - Target: Once it clears that final hurdle, the path is open to price target of ₹205 . 🐻 The Pullback Case (Healthy Re-test) - Trigger: If the stock is unable to continue the immediate momentum (due to the rejection) and pulls back. - Target: The price will likely fall to re-test the resistance-turned-support at ₹172 . A "bounce" off this level would be a textbook, healthy confirmation of the breakout and a new buying opportunity.
NSE:YATRALong
by Learn_with_Pth0mas
Bharat Forge (D): Strongly Bullish, Multi-Resistance BreakoutThis is a high-conviction breakout event. The stock has decisively broken out of a 17-month corrective pattern, shattering two major resistance levels simultaneously. This move is supported by a powerful confluence of bullish indicators across all timeframes and is underpinned by strong fundamental results. 📈 1. The Long-Term Context - The Correction: After hitting its All-Time High (ATH) in June 2024 , the stock entered a 10-month corrective downtrend. - The Reversal: This trend reversed in April 2025 , and the stock began a new recovery. - The Consolidation: This recovery was capped by two distinct resistance levels, forcing the stock into a consolidation phase where, volume was drying up (a sign of accumulation). 🚀 2. The Decisive Breakout (Today's Action) Today, the stock broke this stalemate with explosive force: - The Surge: A powerful +5.55% rally on high-conviction volume of 4.81 Million shares. - The Dual Breakout: This move shattered both key resistance levels at once: 1. The long-term angular resistance (from the June 2024 ATH). 2. The short-term horizontal resistance (from June 2025, at the ₹1,362 level). - The Catalyst: This technical breakout is supported by strong Q2 earnings, which act as a fundamental driver, giving the move a higher probability of success. 📊 3. Confluence of Bullish Indicators This breakout is not isolated. It is confirmed by a rare "trifecta" of bullish signals on Daily, Weekly, and Monthly timeframes: - RSI: The Relative Strength Index is rising on all three timeframes . - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes . - SMAs: A recent SMA Golden Cross (50-day crossing 200-day) is active, confirming the new long-term uptrend. 🎯 4. Future Scenarios & Key Levels to Watch This breakout provides a very clear road map based on identified levels: 🐂 The Bullish Case (Momentum Continues) - Trigger: If the current momentum is sustained, the stock is in a new uptrend. - Target 1 (Short-Term): ₹1,525 - Target 2 (Medium-Term): ₹1,625 🐻 The Pullback Scenarios - Scenario A (Healthy Re-test): The momentum pauses, and the stock pulls back to test the "resistance-turned-support" level at ₹1,362 . A bounce from here would be a textbook confirmation and a secondary buying opportunity. - Scenario B (Breakout Failure): If the breakout is a "fakeout," the stock will fail to hold ₹1,362 and will likely fall to the next major support level at ₹1,305 .
NSE:BHARATFORGLong
by Learn_with_Pth0mas
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
Torrent Pharma (D): Strongly Bullish, Blue-Sky BreakoutThis is a high-conviction breakout. The stock has broken out of a 4-month consolidation, setting a new all-time high on high volume. The move is strongly supported by all indicators and a powerful fundamental catalyst. 📈 1. The Dominant Pattern: ATH Breakout - The Consolidation: After making its previous ATH in July 2025, the stock entered a 4-month sideways trend. - The "Lid": A horizontal resistance line formed at this ATH (approx. ₹3,787 ) restricted all forward movement. - Volume Contraction: Volume was "drying up" during this consolidation phase. This is a classic bullish sign of seller exhaustion and accumulation. 🚀 2. The Decisive Breakout (Today's Action) - The Surge: Today, the stock shattered this resistance with a 6.63% surge , backed by a high-conviction volume of 1.65 Million shares. - The New ATH: This move resulted in a new all-time high, pushing the stock into a "blue-sky" price discovery phase. - The Catalyst: This technical move is not speculative. It is driven by strong Q2 2026 earnings (30% profit growth), confirming that institutions are buying on good news. 📊 3. Key Technical Indicators Indicator analysis confirms the bullish momentum across all timeframes: - RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts . - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes. 🎯 4. Future Scenarios & Key Levels to Watch ⚠️ A Note of Caution (The "Fakeout" Risk) The risk is a "bull trap" or "fakeout." The correct thing to watch for, is bearish divergence (i.e., if the stock makes another new high, but the RSI makes a lower high). 🐂 The Bullish Case (Confirmation) - Confirmation: The ideal "textbook" move would be a re-test . We want to see the stock pull back to the ₹3,787 level and "bounce," confirming the old resistance has become new support. - Target: If the bullish momentum continues, the next logical target is ₹4,100 . 🐻 The Bearish Case (Breakout Failure) - Trigger: The breakout fails, and the stock loses momentum (a "bull trap"). - Confirmation: The price falls and closes back below the ₹3,787 support level, invalidating the breakout.
NSE:TORNTPHARMLong
by Learn_with_Pth0mas
Sobha (W): Bullish, Breakout ConfirmationThe stock has decisively broken a 17-month angular downtrend line, signaling a major change in character. The underlying momentum on higher timeframes (Weekly & Monthly) is strong, suggesting this is the start of a new bullish leg. 📈 1. The Long-Term Context - The 2024 Peak: After hitting its All-Time High (ATH) in June 2024 , the stock entered a prolonged 10-month correction. - The 2025 Bottom: This downtrend found its bottom in April 2025 , and the stock has been in a reversal/recovery phase since. - The Resistance: This recovery was consistently blocked by a strong, angular resistance trendline formed from the June 2024 ATH. 🚀 2. The Decisive Breakout (This Week's Action) This week, the 17-month pattern was broken: - The Move: The stock decisively broke out and closed above this long-term angular resistance trendline for the first time. - The Surge: This breakout was confirmed with a +5.10% surge for the week, backed by 1.2 Million in total weekly volume. - Volume Context: This breakout comes after a period of low, consolidating volume, which often precedes a significant move. 📊 3. Key Technical Indicators The underlying momentum on higher timeframes strongly supports this breakout: - EMAs: Short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on both the Monthly and Weekly charts, confirming a bullish trend. - RSI: The Relative Strength Index is rising on both the Monthly and Weekly timeframes, showing that buying strength is building and sustaining. 🎯 4. Future Scenarios & Key Levels to Watch This breakout provides a clear road map based on identified levels: 🐂 The Bullish Case (Momentum Continues) - Trigger: If the current momentum is maintained, the breakout is confirmed. - Target: The first major target is the ₹2,060 level, which represents the next significant resistance zone near the 2024 highs. 🐻 The Bearish Case (Re-test Scenario) - Trigger: The initial momentum is lost, and the stock pulls back to verify the breakout. - Confirmation: A "re-test" where the stock drops to touch the old resistance trendline, which should now act as new support. - Support: This re-test level is at approximately ₹1,620 . A bounce from this level would be a secondary, high-conviction buy signal.
NSE:SOBHALong
by Learn_with_Pth0mas
Balaji Amines Ltd – Accumulation Phase Before Potential UpsideBalaji Amines appears to be in a strong accumulation zone after an extended downtrend. The stock has been consolidating between ₹1,350–₹1,450, forming a solid base supported by stable volumes. A sustained move above this range could mark the beginning of a trend reversal and initiate a fresh leg toward the upper resistance levels. The recent earnings announcement may act as a potential catalyst, as the stock shows early signs of momentum supported by short-term moving average crossovers. 🎯 Key Levels: CMP: ₹1,431.80 (+1.93%) Accumulation Zone: ₹1,350 – ₹1,450 Resistance 1: ₹1,650 – ₹1,700 Resistance 2: ₹1,900 – ₹1,950 Stop-Loss: ₹1,340 (on daily close basis) 📊 Technical View: Price consolidating near the base zone post-correction, signaling accumulation. Volume stability and EMA alignment suggest early buying interest. A breakout above ₹1,450 could trigger a move toward ₹1,700. Sustaining above ₹1,700 may open the next leg toward ₹1,950+. 🧠 View: Balaji Amines is forming a base after prolonged correction. A close above ₹1,450 with volume confirmation can trigger momentum toward ₹1,700 in the short term, and ₹1,950 in the medium term.
NSE:BALAMINESLong
by yatharthshah23
Suzlon Energy Ltd – EMA Crossover & Volume Confirmation (Daily CSuzlon Energy has shown a bullish EMA crossover on the daily chart, supported by a strong volume burst, signaling renewed buying interest after a corrective phase. The price has reclaimed the baseline resistance zone (₹59–₹61), and a sustained move above it could open the path toward the next major resistance near ₹68. This setup suggests a potential trend reversal with strong momentum confirmation. 🎯 Key Levels: CMP: ₹59.99 (+1.27%) Baseline Resistance: ₹59 – ₹61 Target Zone: ₹67 – ₹69 Support Zone: ₹54 – ₹55 Stop-Loss: ₹53 (on daily close basis) 📊 Technical View: 20 EMA has crossed above 50 EMA, indicating a bullish trend shift. Volume spike during the crossover adds strength to the move. Price breakout from consolidation confirms accumulation. Sustaining above the baseline could trigger a continuation rally toward ₹68+. 🧠 View: Suzlon Energy is showing early signs of trend reversal after weeks of consolidation. A close above ₹61 with sustained volume can extend momentum toward ₹68, while ₹54 acts as key support.
NSE:SUZLONLong
by yatharthshah23
Simplex Infrastructures Ltd – Ascending Triangle Formation with Simplex Infrastructures is showing signs of accumulation and trend continuation within an ascending triangle pattern on the daily chart. The stock has been consistently forming higher lows while facing resistance around the ₹330–₹340 zone. A recent volume burst near the support trendline indicates strong buying interest from lower levels — hinting at a potential breakout attempt in the coming sessions. 🎯 Key Levels: CMP: ₹296.65 (+3.20%) Support Trendline: ₹270 – ₹280 Resistance Zone: ₹330 – ₹340 Breakout Target: ₹370 – ₹390 Stop-Loss: ₹270 (on daily close basis) 📊 Technical View: Formation of a higher-low structure within an ascending triangle. Strong volume activity around support confirms accumulation. Short-term EMAs are flattening, awaiting breakout confirmation. A close above ₹340 with volume could trigger the next up leg toward ₹380+. 🧠 View: Simplex Infra is building strength within a bullish ascending triangle pattern. A decisive move above ₹340 may confirm breakout momentum, supported by the recent volume surge, while the rising trendline continues to act as a strong base.
NSE:SIMPLEXINFLong
by yatharthshah23
Ambuja Cements Ltd – Inverted Head & Shoulder Breakout in ProgreAmbuja Cements is displaying a classic Inverted Head & Shoulder pattern on the weekly timeframe, signaling a potential medium-term trend reversal. The neckline breakout zone around ₹560–₹580 is being tested again, and the price has shown a strong rebound from this area, confirming buyer strength. The stock had earlier broken out of a falling wedge pattern, further strengthening the bullish bias. A sustained move above ₹580 with volume could confirm the breakout and pave the way for higher targets. 🎯 Key Levels: CMP: ₹577.20 (+2.09%) Pattern: Inverted Head & Shoulder + Falling Wedge Neckline Zone: ₹560 – ₹580 Target-1: ₹630 – ₹640 Target-2: ₹690 – ₹710 Stop-Loss (Weekly Close): ₹540 📊 Technical View: Price breaking out from a falling wedge after forming a reversal base. EMA alignment turning positive – 20 EMA attempting to cross above 50 EMA. Volume spikes seen near breakout areas indicate accumulation. Sustaining above ₹580 may lead to a rally toward ₹640 and then ₹700+. 🧠 View: Ambuja Cements shows early signs of a trend reversal backed by a strong chart structure. A weekly close above ₹580 would confirm the breakout, opening potential upside targets of ₹640 and ₹700 in the medium term.
NSE:AMBUJACEMLong
by yatharthshah23
Ramco Systems (M): Extremely Bullish, Multi-Decade BreakoutThis stock is displaying one of the most powerful bullish technical signals possible: a decisive breakout from a 25-year angular resistance trendline . This is a major, long-term secular trend change. 📈 1. The Long-Term Context - The 25-Year Pattern: Since its peak in April 2000, the stock has been held down by a massive, multi-decade angular resistance trendline. - The Bottom & Reversal: The stock formed its ultimate bottom in March 2009. Since then, it has been in a slow, 16-year recovery, forming a pattern of Higher Lows against this unbreachable resistance. - Volume Contraction: Volume was declining (or contracting) during the final phases of this consolidation. This is a classic sign of seller exhaustion right before a major breakout. 🚀 2. The Decisive Breakout In October 2025, this 25-year pattern was shattered: - The Surge: The stock surged +26.61% in a single month. - High-Conviction Volume: This move was backed by a massive spike in volume ( 2.77 Million shares), confirming strong institutional interest and the validity of the breakout. - The Close: Most importantly, the stock closed firmly above the 25-year trendline, signaling the "lid" has finally been broken. 📊 3. Key Technical Indicators The underlying momentum supports this new long-term trend: - RSI: The Relative Strength Index is rising, showing that strong buying momentum is accelerating. - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state, confirming the new bullish trend is in effect across timeframes. 🎯 4. Future Scenarios & Key Levels to Watch This breakout provides a very clear road map. 🐂 The Bullish Case (Confirmation) - Confirmation: The "gold standard" for a breakout of this magnitude is a successful "re-test." We want to see the price pull back to the old trendline (now new support, around ₹560 ) and "bounce," confirming the breakout is genuine. - Target: Once confirmed, the next logical technical price target is ₹787 . 🐻 The Bearish Case (Breakout Failure) - Trigger: If the momentum is not sustained, and the breakout is a "fakeout" (a "bull trap"). - Confirmation: The stock fails to hold its gains and closes back below the broken trendline (around ₹560 support level) on high volume. - Target: This failure would invalidate the immediate thesis and likely lead to a sharp sell-off.
NSE:RAMCOSYSLong
by Learn_with_Pth0mas
Navin Flourine (M): Strongly Bullish, Multi-Year BreakoutThe stock has decisively broken out of a multi-year consolidation phase, backed by exceptional volume. This move signals the end of its sideways trend and the potential start of a new, major bull market. 📈 1. The Long-Term Context - Primary Uptrend: The stock was in a powerful primary uptrend from July 2013 to May 2021. - Multi-Year Consolidation: Since May 2021, the stock has been in a wide and long sideways consolidation phase. - The "Lid": This entire consolidation was capped by a formidable horizontal resistance line formed in September 2022. This level rejected multiple breakout attempts over the last three years. - Volume: Volume during this long consolidation was average, suggesting a balance between buyers and sellers as the stock built its base. 🚀 2. The Decisive Breakout (The October 2025 Event) This month, the entire multi-year pattern changed: - The Surge: The stock surged +23.06% in a powerful, decisive move. - High-Conviction Volume: This breakout was accompanied by 6.9 Million in volume, confirming strong institutional interest and the validity of the move. - The Close: Most importantly, the stock closed firmly above the multi-year horizontal resistance, signaling the "lid" has finally been broken. 📊 3. Key Technical Indicators The underlying momentum strongly supports this bullish breakout: - RSI: The Relative Strength Index (RSI) is rising, showing that buying strength is accelerating. - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state, confirming the new bullish trend. 🎯 4. Future Scenarios & Key Levels to Watch ⚠️ A Note of Caution (The "Fakeout" Risk) The primary risk after a powerful breakout is a "fakeout" (or "bull trap" ). This happens when the price breaks out, lures in buyers, but then fails to hold its gains and falls back below the broken resistance level. 🐂 The Bullish Case (Breakout Confirmation) - Confirmation: The bullish momentum continues. The "old resistance" level (around ₹4,938 ) must now prove to be the "new support." A small pullback to retest this level, followed by a bounce, would be the strongest confirmation. - Target: If the breakout is sustained, the next logical price target is ₹7,445 . 🐻 The Bearish Case (Breakout Failure) - Trigger: The momentum fails, and the breakout is confirmed as a "fakeout." - Confirmation: The stock falls and closes back below the critical resistance-turned-support line. - Target: This failure would trap the new buyers and likely lead to a sharp sell-off, with the price falling back toward the lower end of its old trading range, starting with the ₹4,495 level.
NSE:NAVINFLUORLong
by Learn_with_Pth0mas