COSMOFIRST: Massive W-Bottom Base and Textbook Confluence Retest1. The Macro Perspective: The Washout and the W-Bottom
I am taking a LONG bias on Cosmo First Limited (COSMOFIRST) on the daily (1D) timeframe.
When analyzing pure market structure, the most reliable reversals are born from deep, agonizing accumulation phases. Look at the structural development on the lower half of this chart. After suffering a brutal markdown phase that dragged the price into the 500s and completely washed out weak hands, heavy institutional capital stepped in. I have explicitly drawn the two massive accumulation bowls at the bottom of the chart. This forms a textbook "W-Bottom" or Double Bottom structure. Instead of bleeding lower, strong-handed buyers aggressively defended these lows, systematically absorbing overhead supply to build a concrete macro foundation.
2. The Educational Setup: Conquering the Neckline
To understand the sheer strength of this current setup, look at how the price transitioned from accumulation back into a markup phase:
The Resistance Lid: For months, the ultimate ceiling of this base was defined by the solid black resistance line at 750.30. This was the "Neckline" of the W-Bottom.
The Breakout: Recently, buyers aggressively shattered this 750.30 ceiling with a massive momentum thrust, pushing the price all the way up to test the dashed 824.65 macro resistance. This definitive breakout officially signaled the end of the markdown phase and the birth of a new trend.
3. Current Price Action: The Ultimate Confirmation
In technical analysis, breaking a major resistance line is only half the battle. The most lucrative entries occur when a stock proves it can defend its newly claimed territory. Look at the most recent candles on the far right. After hitting 824.65, the stock took a healthy, necessary breather. It pulled back to perfectly test the 750.30 line from above. Furthermore, notice how the rising 20 SMA (the middle blue line of your Bollinger Bands) perfectly intersected with that horizontal line. This is a "Confluence Retest." By printing a strong green candle right off this intersection, that old, heavy resistance ceiling has officially been flipped into an indestructible structural launchpad.
4. The Trade Plan: Entries, Targets, and Risk Management
Entry Strategy: We are currently sitting right in the "golden entry" zone near 797.50. The highest-probability, lowest-risk entry involves stepping in right here as the stock launches off the structural retest of the 750.00 to 760.00 confluence zone. Letting that newly broken macro neckline and the rising 20 SMA prove themselves as a concrete floor offers a phenomenal risk-to-reward ratio before the next momentum expansion.
Take Profit (Targets): The immediate structural hurdle is the recent swing high at the dashed 824.65 line. Once that stepping stone is cleared, we use measured targets based on the depth of the macro base. By taking the depth of the W-Bottom (roughly 200 points from the ~550 floor up to the 750.30 neckline) and projecting it upward, our primary structural macro target sits beautifully in the 940.00 to 950.00 zone.
Invalidation (Stop Loss): A break-and-retest thesis is only valid if the new floor holds. A hard stop loss should be placed safely below the 750.30 neckline and the 20 SMA, around the 715.00 to 725.00 level. A definitive daily close completely back inside the old accumulation bowl would invalidate the immediate reversal thesis and signal a severe bull trap.
5. Time Horizon:
Because this technical setup is built on a 1-Day chart capturing a massive structural W-Bottom completion and a textbook confluence retest, this is a medium-term swing trade designed to capture the explosive new markup phase. Let the new trend run!
Wbottom
CON: Massive W-Bottom Macro Base and Explosive Breakout1. The Macro Perspective: The Multi-Month Washout
I am taking a LONG bias on Concentra Group Holdings Parent, Inc. (CON) on the weekly (1W) timeframe.
When analyzing pure market structure, the most lucrative macro trends are born from deep, exhausting accumulation phases. Look at the massive structural development spanning this chart. After establishing a historical resistance zone between the solid black 23.45 and 24.23 lines, the stock suffered a prolonged markdown phase. It washed out all the way down into the 19.50 zone, completely decimating weak hands and forcing retail capitulation. However, heavy institutional capital stepped in at those lows to establish an absolute concrete floor, initiating the left side of a massive "W" or Double Bottom accumulation structure.
2. The Educational Setup: The Higher-Low Springboard
To understand the sheer strength of this current breakout, look at how the right side of the "W" pattern was formed:
The Rejection and the Trap: The stock rallied back to the 24.23 ceiling and faced a brutal rejection. To an amateur trader, this looked like a massive double-top failure, triggering short sellers and panic selling.
The 20 SMA Defense: Notice what happened next. The stock pulled back, but it refused to make a new low. Instead, institutional buyers aggressively defended the rising 20 SMA (the middle blue line of your Bollinger Bands) right around the 20.00 to 21.00 level. By carving out a massive "Higher Low" directly on the moving average, they trapped the short sellers and created a powerful structural springboard for the next leg up.
3. Current Price Action: Blue Sky and Volatility Expansion
Look at the most recent weekly candles on the far right. The springboard has absolutely exploded. Buyers have effortlessly shattered the entire resistance block (23.11 dashed, 23.45 solid, and 24.23 solid) with consecutive, massive green momentum expansion candles. Furthermore, notice how the price has violently pierced the upper Bollinger Band, forcing the bands to rapidly expand upward alongside a noticeable surge in buying volume. By decisively clearing this massive multi-month accumulation zone, CON has officially entered "Blue Sky Territory" (pure price discovery).
4. The Trade Plan: Entries, Targets, and Risk Management
Entry Strategy: Momentum is exceptionally strong right now near 26.00. Chasing a massive vertical expansion candle riding outside the weekly Bollinger Bands always carries a higher risk of an agonizing intraday or daily mean-reversion pullback. The highest-probability, lowest-risk entry involves stepping down to a daily timeframe and placing limit orders to catch a potential structural pullback to perfectly retest the 24.00 to 24.50 breakout zone. Letting that heavy historical resistance prove itself as a new, indestructible support floor offers a phenomenal risk-to-reward ratio.
Take Profit (Targets): We use measured structural targets based on the depth of the massive macro base. By taking the depth of the W-Bottom (roughly 4.75 points from the ~19.50 floor up to the 24.23 ceiling) and projecting it upward from the breakout line, our primary structural swing target sits comfortably in the 28.75 to 29.00 zone. The psychological 30.00 mark will act as a secondary macro magnet.
Invalidation (Stop Loss): A macro breakout thesis is only valid if the new market structure holds. A hard stop loss should be placed safely below the breakout zone and the recent daily consolidation, around the 22.00 to 22.50 level. A definitive weekly close completely back inside the old accumulation base and breaking below the 20 SMA would act as a massive warning sign of a failed macro breakout and a severe bull trap.
5. Time Horizon:
Because this technical setup is built on a 1-Week chart capturing a massive structural W-Bottom completion and volatility expansion, this is a medium-to-longer-term position trade designed to capture the explosive new markup phase. Let the macro trend run!
Concept of Soft,Hard Landing feat Adani Enterprises 1 ) Monthly Time frame story: This story tells us about the fibo retracement
- From the start of the journey of its price action till date, it has given a solid return
- Retracement was always pending in this stock. There can be two types - soft and hard landing type retracement
2) Stock has retraced almost 50-60% of its total lifetime move - Only Issue is Daily time hard landing retracement
Soft Landing
- Stock moving with a zig-zag type formation, that is, making lower lows with lower highs, taking time to reach 50-60% retracement levels, is what we call a soft landing in this contraction cycle of stocks.
Hard Landing
- Stock falling directly with big 20-30% falling bars in a single day and continuing this next day with increasing volumes tells the story of a hard landing, meaning no new
positions are made in between, and only selling side pressure increases without any backing from bulls at all.
3) Execution: The plan here can be that after Hard landing like in the case of Adani stocks, we need to be patient and mark important levels
- Here I have made on the daily time frame 2 patterns - Triangle and W bottom, many other fomrations can be there ( it should be a bullish pattern at this stage, that's all )
A breakout of out it can be played with a small investment amount ( This is not an advice, so consult your fin advisor or take decision on your own trading style )
Good luck
Investment plan for PERSISTENT Investment Plan ( My own, don't take it as a call or advice, just an Idea )
This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown
in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back.
Still, the stock made a W bottom there and came up with power and retraced back to the W bottom neckline and now coming back up at the supply node of old
descending triangle. breakout form this node can give a great upside till old All time high = 5000 levels and as per Higher low and higher high on weekly and monthly
Time frame theory looks like the stock might move higher, which can be speculated from fibo series and upside two levels can be taken as 5500 and 6000 ( near fibo levels and
round off numbers )
Good luck :D
Trade as per limits and risk managements rules, always consult professionals before taking any trades . Thanks
Target 1 achieved in Bankbaroda| 5% mover This idea is a follow-up to Bankbaroda
You can check the Link to Related Ideas.
Also, I have updated Target 2 as a bit lower level, seeing current market scenarios, Reason: Supply zone Top.
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
CONTRARIAN trade setup.#Here on the daily chart of UPL, the trend is down since the month of june and now the trend is showing some signs of reversals. A divergence can be shown between Price and RSI, price is making lower lows but RSI is continously making higher lows.
#When we put a bollinger band over the price chart, we can see a "W" bottom pattern has formed on the same lows. 1st low broke the lower bollinger band shows momentum on down side then the price bounces back and forms another low but this time fails to break the lower band and stays inside which shows loss of momentum towards down side.
#When we see the RSI indicator, the value is about to cross 60, if it closes above it we can see an uptrend from here.
#On Balance Volume has also broken the trend line which shows that buyers are showing interest.
*For a safe entry wait for the price to give a breakout above (768) the resistance or above upper bollinger band.
*Stop Loss can be the previous low i.e. 694 or the lower bollinger band.
*First target = 865
W Bottom BHELNSE:BHEL
The Daily chart in BHEL shows a clear-cut W bottom pattern.
Let's call the first cable which crosses Neckline as Point A, and the first support as Point B.
when the candle finally crosses the neckline after creating W bottom draw a line from point a to point b. and place it above the neckline that shows the target. It's clearly seen that it has given a significant profit of 58%.







