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Garuda: Riding the Momentum WaveFrom February to late May 2025, the stock of GARUDA was trading in a sideways consolidation range, roughly between ₹100 (support) and ₹115-₹120 (resistance). The recent powerful green candles have shattered the upper boundary of this range. Also, the most significant event on the daily chart is the decisive breakout from a descending trendline that had capped prices. Also, LL and HH formation observed on daily chart. The breakout was accompanied by a significant spike in volume ( 862.88K shares ), which is substantially higher than the average volume during the consolidation period. High volume on a breakout lends strong credibility to the move. The RSI is at a strong 69.20 . It is in bullish territory and rising, indicating strong buying momentum. It is approaching the overbought region (>70), but is not there yet, leaving room for further upside before becoming extended. If the stock consolidates above the ₹120-₹121 support level. Buyers step in on any minor dip till ₹118 , and the price then continues its upward trajectory towards the resistance targets of ₹129 and subsequently ₹149 . Disclaimer: This technical analysis is for informational purposes only and should not be considered as financial advice. Trading in the stock market involves risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:GARUDALong
by NiftyNotion
SIGNPOST: Potential Trend ReversalFollowing a significant corrective phase initiated in January 2025, SIGNPOST is now exhibiting a confluence of technical signals that suggest a potential reversal in trend. A noteworthy catalyst appears to be the recent institutional activity, substantiated by a bullish shift in price action, key moving average reclamations, and strengthening momentum indicators. The most compelling recent development has been the report of bulk deals on Monday and Tuesday of this week. Such large-volume transactions often indicate institutional interest and can act as a catalyst for a shift in market sentiment. This event appears to have marked a local price floor, leading to a sharp upward thrust and suggesting a potential absorption of selling pressure. This influx of significant volume provides a strong foundation for the bullish hypothesis. The price has now achieved consecutive closes above both its 20-day and 50-day EMAs. These moving averages are critical medium-term trend indicators. By moving above these levels, which previously acted as dynamic resistance during the downtrend, the price action indicates a material change in character. These EMAs may now be observed to act as the first line of dynamic support during any potential pullbacks or periods of consolidation. Momentum oscillators are also corroborating the bullish price action, indicating a potential underlying shift in market control. The RSI has advanced sharply to a reading of 67. It is important to note that this level indicates strong bullish momentum and is approaching overbought territory, not oversold. A sustained reading above 60 typically signifies a robust and healthy trend is in place. The MACD has registered a bullish crossover, with the MACD line moving above the Signal line. This is further supported by a positive and expanding histogram, which visually confirms that bullish momentum is accelerating. The technical developments suggest the current price level is of significant interest. The recent price action indicates a potential shift in sentiment, making the present zone a noteworthy point for observation. The ₹269 price level appears to be the next significant technical hurdle. This area may correspond with prior price structure and could act as a potential zone for profit-taking or consolidation. The ₹181 level serves as a key area of underlying support. A decisive break below this level would potentially undermine the current bullish structure and suggest that the reversal attempt has failed. Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always seek the advice of a qualified financial advisor or do own research before making any investment decisions.
NSE:SIGNPOSTLong
by NiftyNotion
VIPIND: Unlocking Potential After Downtrend VIP Industries has demonstrated robust bullish momentum over the past few trading sessions, signaling a notable shift in market sentiment. This upward trajectory is particularly significant given the stock's prolonged downtrend since October 2024. From an Elliott Wave perspective, the recent price action suggests the potential completion of a corrective phase. The retracement from what appears to be Wave 1 to Wave 2 aligns closely with the 61.8% Fibonacci retracement level, which often precedes the initiation of a strong Wave 3 impulse. This potential wave structure, if confirmed, could indicate further upside potential. A key development supporting this bullish outlook is the stock's recent decisive close above its 200-day EMA, accompanied by a significant surge in trading volume. This confluence of price action and volume confirms strong buying interest and suggests a potential long-term trend reversal. The increased volume further validates the strength of the breakout, indicating broader market participation. While the immediate outlook appears constructive, traders should be mindful of potential profit-taking around the ₹446 level. This area may present a temporary resistance zone where some short-term corrections or consolidation could occur. However, should the stock successfully navigate this level, the next significant upside resistance target to monitor is ₹492 . This level aligns with prior price highs and could represent a more substantial challenge for further upward movement. For risk management purposes, a prudent approach would involve considering a stop-loss order positioned below the identified support zone, as depicted on the chart. This strategy aims to mitigate potential downside risk in the event of an unexpected reversal in market sentiment. Disclaimer: The information provided in this technical analysis is for informational and educational purposes only and should not be construed as financial advice. It is based on observations from the provided chart and commonly used technical indicators. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct your own comprehensive due diligence and consult with a qualified financial advisor before making any investment decisions.
NSE:VIPINDLong
by NiftyNotion
3
ULTRACEMCO : A opportunity to get 1: 4.5 RR in channel BO• Ultra tech was moving in parallel channel from Q3-2024. • A perfect channel could be fitted on the stock. • Last 1 weeks there is a significant volumn spike in the stock. • Last week closing was above the channel • If this week closing is above previous week closing then bullish move confirmed • Swing stop loss is 1214 • Target are channel length + 12500 that is 12500 + 2000=14500 in the chart. • An opportunity of 1: 4.5 RR in swing trending. • Already retested the support • Go long only when todays daily close is above yesterdays close. As index looking week tread with caution and sl. • Idea is for educational purpose and explore the price action learning with trading psychology. • Have fun traders!!! 😊
NSE:ULTRACEMCOLong
by trader_ghosh
2
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
ALKYL AMINES: A classical channel BO with 1:7 RR• AlKYL AMINES was moving in a downward parallel channel from Q4-2022. • A perfect channel could be fitted on the downtrend • Last 3 weeks there is a significant volumn spike in the stock. • Last week closing was above the downward channel • If this week closing is above previous week closing then bullish move confirmed • Swing stop loss is 2160 • Positional sl is 2031 • Target are mentioned in the chart. • An opportunity of 1: 5 RR in swing trending. • Positional trader may hold this trade till ATH @4725 with a 1: 7 RR. • Idea is for educational purpose and explore the price action learning with trading psychology. • Have fun traders!!! 😊
NSE:ALKYLAMINELong
by trader_ghosh
MGL: A study on wedge BO with 1:5 RR• MGL was consolidating in a tight range for the last 7 months. • It has formed a rising wedge. • Last 1 months showing significant volume buildup confirming big boys already entered in the trade. • Today it broke out the wedge with significant volume and strong hourly closing. • A massive 480 points move is possible in positional bases. • All the T1 (gap border 1689) and T2 (1986) mentioned in the chart. • SL for position should be 1425. • Currently a RR opportunity of 1:5. • Please note the daily candle yet not closed. Wait for a daily candle closure and make a decision. • Idea is for educational purpose and explore the price action learning with trading psychology. • Have fun traders!!! 😊
NSE:MGLLong
by trader_ghosh
IDEA can be the best idea 🌟 Vodafone Idea Ltd (IDEA) could be a golden opportunity for traders! 📈 🔍 The weekly chart reveals a stock at a discounted rate, fueled by India's market growth. 💡 Even if business struggles, industry giants may step in to lift it—strong long-term potential! 📊 A descending trendline and recent uptick at ₹7.50 (+3.59%) hint at a possible reversal. 🚀 Strong conviction for a bullish future, though risks remain—conviction can falter! 🧠 Validate your belief, analyze fundamentals, and enter with confidence. 🎯 Current price at ₹7.50 vs. resistance near ₹16.00 suggests room to grow! 💪 Big players and market trends could drive this turnaround—don’t miss out! 🍀 Good luck, traders—make your move wisely! #StockMarket #Trading #IDEA #VodafoneIdea #Investing #IndiaStocks #TechnicalAnalysis #MarketTrends #StockTrading #LongTermInvestment Disclaimer: Grok is not a financial adviser; please consult one. Don't share information that can identify you.
NSE:IDEALong
by stocktechbot
IOC - Fascinated by the Fibonacci! Unveil the mesmerizing journey of Indian Oil Corp Ltd (IOC) on this captivating chart! Behold the Fibonacci levels, meticulously drawn two months ago, revealing a fascinating truth. Witness the price action align flawlessly with these golden ratios, a trader's dream come true. Marvel at the emerging head and shoulder pattern, hinting at a potential trend reversal. Anticipate an exhilarating uptrend as the pattern nears completion, sparking excitement. Strategize with a trailing stop from entry, safeguarding your gains with precision. Embrace proper risk management to navigate this thrilling market adventure. The 0.618 level at ₹154.48 and 0.786 at ₹109.75 have held strong, guiding the price. The current price of ₹146.73 teases a breakout, aligning with the right shoulder. Prepare for an upward surge, blending Fibonacci magic with pattern perfection!
NSE:IOCLong
by stocktechbot