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Bitcoin Eyes Breakout — Bullish Setup Gathers StrengthConsolidation Above Key Support: Bitcoin continues to hold firmly above the $100,000–$105,000 support zone, a critical area that acted as major resistance earlier in 2025. This sustained price action reinforces the prevailing bullish momentum and signals strength beneath the surface. Wedge Formation Nearing Resolution: The prolonged wedge pattern now taking shape suggests a substantial move is imminent. The structure supports a breakout scenario, with an initial target of $130,000–$135,000 in play. Uptrend Intact, No Signs of Exhaustion: Despite recent weeks of sideways action, Bitcoin continues to consolidate near its highs—a pattern that historically favors continuation, not reversal. The broader trend remains upward and firmly intact. Focus & Opportunity: Bitcoin's technical setup justifies close attention in the days ahead. At the same time, traders and investors should keep an eye on select altcoins, which could offer amplified upside as capital rotation picks up momentum. #Bitcoin #BTC #Crypto #TechnicalAnalysis #BullishSetup #WedgeBreakout #PriceAction #Altcoins #CryptoMarket #MarketUpdate #AllTimeHigh
BITSTAMP:BTCUSD
by Richtv_official
DMART: Technical Breakout Signals Major Rally AheadNSE:DMART Technical Breakout Signals Major Rally Ahead after news of its Entry in Uttar Pradesh as the First Store Opened in Agra. Price Action: • Current Price: ₹4,228.40 (up 4.17% or ₹169.30) • 52-Week Range: ₹3,340 (Low) to ₹5,484.85 (High) • Stock is trading in the upper half of its annual range, showing strong momentum • Recent price action indicates a successful breakout from the consolidation phase Volume Spread Analysis: • Volume spike visible during recent breakout sessions • Above-average volume of 585.8K shares traded, confirming institutional participation • Volume pattern supports the bullish price movement • Higher volume on green candles indicates genuine buying interest Key Technical Levels: Support Levels: • Primary Support: ₹4,100-4,150 (recent breakout level) • Secondary Support: ₹3,900-3,950 (previous resistance turned support) • Major Support: ₹3,600-3,700 (demand zone from March-April consolidation) • Critical Support: ₹3,400-3,450 (psychological level and volume-based support) Resistance Levels: • Immediate Resistance: ₹4,400-4,450 (supply zone marked on chart) • Major Resistance: ₹4,600-4,700 (previous swing high area) • Target Resistance: ₹5,200-5,300 (approaching 52-week high zone) • Ultimate Target: ₹5,484 (52-week high) Base Formation: • Stock formed a strong accumulation base between December 2024 and April 2025 • Base depth: Approximately 25-30% from peak to trough • Duration: A 5-month consolidation period indicates institutional accumulation • Base breakout occurred with strong volume confirmation in May 2025 Technical Patterns: • Cup and Handle formation visible from October 2024 to May 2025 • Ascending triangle pattern during the consolidation phase • Higher lows formation indicating strong underlying demand • Breakout from falling wedge pattern in early May 2025 Trend Analysis: • Primary Trend: Bullish (upward sloping trendline from December lows) • Intermediate Trend: Bullish breakout from consolidation • Short-term Trend: Strong upward momentum with minor pullback potential Trade Setup: Bull Case Scenario: • Entry Strategy: Buy on dips approach recommended • Momentum continues toward ₹4,600-4,800 levels • Volume expansion supports further upside • Sector rotation favouring retail stocks Entry Levels: • Aggressive Entry: ₹4,200-4,250 (current market price area) • Conservative Entry: ₹4,050-4,100 (on pullback to support) • Ideal Entry: ₹4,000-4,050 (strong support retest) Exit Levels: • Partial Profit Booking: ₹4,500-4,600 (book 30-40% position) • Second Target: ₹4,800-4,900 (book another 30-40%) • Final Target: ₹5,200-5,300 (ride remaining 20-30% position) Stop-Loss Strategy: • Initial Stop-Loss: ₹3,950 (below recent support) • Trailing Stop-Loss: Trail stops by ₹150-200 as price advances • Final Stop-Loss: ₹3,800 (if major support breaks) Risk Management: Position Sizing: • Conservative Allocation: 2-3% of total portfolio • Moderate Allocation: 3-5% of total portfolio • Aggressive Allocation: 5-7% of total portfolio (only for high-conviction traders) Risk Factors: • Market volatility during the quarterly results season • Retail sector sensitivity to economic cycles • High valuations may limit upside potential • Profit booking pressure near previous highs Risk Mitigation: • Diversify across multiple retail stocks • Use a staggered entry approach • Maintain strict stop-loss discipline • Monitor sector rotation trends Sectoral Backdrop: Retail Sector Overview: • The Indian retail sector is following the "Everyday Low Cost - Everyday Low Price" strategy • Strong, organised retail penetration growth expected • Consumer spending recovery supporting sector growth • E-commerce competition intensifying, but offline retail remains resilient Sector Catalysts: • Festival season approaching (positive for retail) • Rural consumption recovery expected • Urban consumption remains steady • Government policies supporting organised retail Fundamental Backdrop: Company Overview: • Avenue Supermarts follows a competitive procurement, operational efficiency, and cost-effective distribution strategy • Market Cap: ₹2,75,237 Crores with almost debt-free status • Leading hypermarket chain with strong brand presence Financial Performance: • Q4 FY25: Sales of ₹14,872 crore (16.9% YoY growth) • Revenue projected to grow 15% to ₹68,000 to ₹70,000 crore Business Strengths: • Strong operational efficiency and supply chain management • Consistent store expansion strategy • High customer loyalty and repeat business • Strong cash generation and a debt-free balance sheet Growth Drivers: • New store openings in Tier-2 and Tier-3 cities • Same-store sales growth improvement • Category expansion and private label growth • Digital initiatives and omnichannel presence My Take: NSE:DMART presents a compelling technical setup with strong fundamental backing. The stock has successfully broken out from a 5-month consolidation base with volume confirmation. Risk-reward ratio favours bulls with proper position sizing and stop-loss management. Traders should consider entering on minor pullbacks, while investors can accumulate on any meaningful corrections toward support levels. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:DMARTLong
by Karanshah137
8
Jubilant Ingrevia: Broke Out after Stake Sell from PromotersNSE:JUBLINGREA Just Broke Out Big after Prabhudas Lilladher gave Hold Rating with a target of Rs 713 and Stake Sell from Promoters Technical Chart Pattern: • The stock displays a classic ascending triangle pattern formation spanning from February to June 2025 • Multiple higher lows connected by an ascending trend line (white diagonal support) • Horizontal resistance zone around ₹735-740 levels acting as the upper boundary • Recent breakout above the triangle pattern with strong volume confirmation Key Support and Resistance Levels: • Primary Support: ₹675-685 (previous resistance turned support) • Secondary Support: ₹650-660 (trend line support) • Major Support: ₹535-550 (swing low from March) • Immediate Resistance: ₹800-810 (psychological level) • Major Resistance: ₹885 (all-time high marked on chart) Base Formation Analysis: • Well-defined base formation between ₹650-740 levels over 4 months • The consolidation phase showed declining volatility, indicating accumulation • Multiple tests of resistance at ₹735-740 showing supply absorption • Base depth of approximately 15-20% from the highs, indicating healthy correction. Volume Spread Analysis: Volume Characteristics: • Significant volume spike during the recent breakout (26.85M vs average 1.75M) • Volume expansion during upward moves and contraction during pullbacks • Strong institutional participation is evident from the volume profile • Volume-price correlation remains positive, supporting the uptrend Volume Indicators: • Above-average volume during breakout confirms genuine demand • Recent sessions show sustained higher volumes, indicating continued interest • No distribution patterns are visible in volume analysis Trade Setup: Entry Strategy: • Primary Entry: ₹790-800 on any pullback to the breakout zone • Aggressive Entry: Current market price around ₹799 with tight stops • Conservative Entry: Wait for retest of ₹740-750 resistance-turned-support • Scale-in approach recommended given the momentum Exit Levels: • Target 1: ₹850 (measuring the triangle height projection) • Target 2: ₹885 (previous all-time high) • Target 3: ₹920-950 (extended projection based on base depth) • Trail stops above ₹850 for position management Stop Loss Placement: • Initial Stop Loss: ₹735 (below breakout level) • Revised Stop Loss: ₹750 (after first target achievement) • Final Stop Loss: ₹780 (trailing stop for remaining position) Risk Management Framework: Position Sizing Guidelines: • Risk 1-2% of portfolio capital per trade • Position size calculation: (Account Size × Risk %) ÷ (Entry Price - Stop Loss) • Maximum position should not exceed 3-5% of the total portfolio • Consider reducing the size given recent volatility expansion Risk Control Measures: • Maintain risk-reward ratio of a minimum of 1:2 • Use partial profit booking at predetermined levels • Avoid averaging down below stop loss levels • Monitor sector rotation and market sentiment Fundamental and Sectoral Backdrop: Company Overview: • Jubilant Ingrevia operates in Speciality Chemicals, Nutrition and Health Solutions, and Chemical Intermediates segments • Global provider serving pharmaceutical, nutrition, agrochemical, and consumer industries with a focus on quality and customization • Serves 15 of the top 20 Global Pharma & 7 of the top 10 Global Agrochemical companies as a leading low-cost provider Recent Financial Performance: • Net profit jumped 153.16% year-over-year to ₹74.05 Cr in Q4 2024-2025 • Q4 2025 revenue of 1,051 cr. down from INR1,074 cr. in Q4 FY24 with EBITDA of INR148 crores showing 42% year-on-year rise • Market capitalization of 12,664 Cr. with trailing twelve-month revenue of 4,178 Cr. Sectoral Dynamics: • The speciality chemicals sector is benefiting from the China+1 strategy • Increasing demand for pharmaceutical intermediates post-COVID • The government push for self-reliance in chemical manufacturing • Export opportunities in agrochemical intermediates are expanding globally Key Fundamentals: • The company shows a low return on equity of 9.24% over the last 3 years • Analyst average share price target of ₹735 • Strong client base with global pharmaceutical and agrochemical giants • Diversified product portfolio, reducing concentration risk Market Outlook and Catalysts: Positive Catalysts: • Expansion in speciality chemicals capacity • New product launches in the nutrition segment • Increasing penetration in international markets • Potential margin expansion through product mix improvement Risk Factors: • Raw material price volatility • Regulatory changes in target markets • Currency fluctuation impact on exports • Competition from Chinese manufacturers My Take: This technical setup presents a compelling opportunity with the stock breaking out of a well-defined pattern, supported by strong fundamentals and favourable sector dynamics. The risk-reward profile appears attractive for traders and investors willing to manage position size appropriately. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:JUBLINGREALong
by Karanshah137
10
Breakout Building Up from Falling Wedge PatternIndex: Nifty 50 Timeframe: 15-minute Date: 21st May 2025 Price Action Insight After a strong sell-off, NIFTY 50 formed a solid V-shaped recovery, followed by a series of higher lows, indicating a shift in momentum from sellers to buyers. Price is now consolidating near a key resistance level at 24,839.35, suggesting a potential breakout or rejection setup. Chart Patterns in Focus Falling Wedge (Bullish Reversal) Breakout occurred after price compressed into the wedge. A textbook reversal pattern signaling buying interest returning. Bullish Flag / Pennant Formation Post-wedge breakout, price is consolidating in a narrow range (flag). Typically seen as a continuation pattern before another bullish leg. Trendline Support Price is holding above an ascending trendline, forming higher lows, reinforcing bullish bias. Volume Analysis Volume spiked during the wedge breakout – confirming buyer participation. Current consolidation shows declining volume, indicating a possible volume expansion ahead. Watch for a volume surge during breakout or breakdown for trade confirmation. Educational Insight: How to Read This Setup Why this matters for traders: A falling wedge + bullish flag is a high-conviction combo. Volume contraction during consolidation is healthy and often precedes explosive moves. Price rejecting or sustaining above resistance gives traders directional edge. Always wait for confirmation with price action + volume to avoid fakeouts. Trade Scenarios ✅ Bullish Scenario (Long Trade) Entry: Above 24,839.35 Target Zones: 24,900 / 24,950 Stop-Loss: Below 24,740.80 (below consolidation and trendline support) Confirmation: Breakout candle with above-average volume ❌ Bearish Scenario (Short Trade) Entry: Below 24,740.80 Target Zones: 24,650 / 24,580 Stop-Loss: Above 24,839.35 Confirmation: Breakdown from trendline support + rise in selling volume
NSE:NIFTY
by simpletradewithpatience
4
Shriram Pistons - Wedge BO NSE:SHRIPISTON Made Beautiful Chart Structure today after Q4 Results with Good Price and Volume action. Wedge Breakout Pattern History: The chart displays a remarkable track record of successful wedge breakout patterns, which has become a defining characteristic of this stock's technical behaviour: Past Wedge Breakout Sequence: First Wedge (2022-2023): Initial falling wedge formation around the ₹550-700 range, which broke out to the upside and catalysed a strong rally. Second Wedge (Mid-2023): Formed after the first major run-up at the ₹1,000-1,200 level. This wedge breakout propelled the stock toward the ₹1,600 level. Third Wedge (Early 2024): A more compact wedge pattern around ₹1,800-2,000 that triggered another significant upward move. Fourth Wedge (Recent): The latest wedge formation, which has just broken out with today's massive 14% price surge. Pattern Reliability: What makes this technical setup particularly compelling is the consistency of these wedge patterns: Each wedge has followed a similar compression pattern All previous breakouts have led to substantial price advances The patterns have maintained their predictive validity across different market cycles The breakouts have consistently occurred on higher-than-average volume (implied by the large price bars) Current Breakout Analysis: Today's 14% surge represents a powerful breakout from the most recent wedge pattern: The breakout has occurred with exceptional momentum (nearly 20% gain on a weekly TF) The price action has cleared both the upper trendline resistance and previous swing highs The stock is now approaching its all-time high of ₹2,399.00 Price Structure & Technicals: Beyond the wedge patterns, the stock shows several positive technical characteristics: Consistent stair-step pattern of higher lows and higher highs Each consolidation period (wedge) has been followed by robust expansion Primary trend remains strongly bullish with price well above major moving averages (implied) Each breakout has established a new support level at the previous resistance Projection Based on Historical Pattern: Given the stock's history of successful wedge breakouts: The measured move projection from this breakout suggests a potential target in the ₹2,400-2,600 range The stock could reach new all-time highs if the pattern's reliability continues Previous breakouts have generally resulted in 20-30% moves from the breakout point Key Levels to Watch Immediate Resistance: ₹2,399.00 (all-time high) Support: ₹1,950-2,000 (previous wedge upper boundary, now potential support) Secondary Support: ₹1,800 (previous consolidation level) Conclusion: Shriram Pistons & Rings demonstrates a remarkably consistent pattern of wedge breakouts that have reliably preceded significant price advances. Today's powerful breakout continues this technical signature, suggesting the potential for further upside if historical pattern reliability maintains. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SHRIPISTONLong
by Karanshah137
10
Prestige Estate – Bullish Structure DevelopingPrestige Estate – Bullish Structure Developing After Prolonged Correction 📅 Date: April 16, 2025 📈 Chart Type: Daily | Exchange: NSE 💡 Purpose: Educational Analysis 🔍 Price Action Overview After an extended downtrend, Prestige Estate appears to be forming a potential trend reversal structure. A strong bullish candle has emerged from a key support zone, accompanied by multiple technical confirmations that indicate renewed buying interest. 📌 Key Technical Highlights 📉 Downtrend Line Break: The stock has convincingly broken above a descending trendline, indicating a potential shift in trend dynamics. 📊 Indicators Triggered: ✅ RSI Breakout: Momentum is turning positive. ✅ MACD Crossover: Bullish signal crossover observed. ✅ Bollinger Band Squeeze Off: Suggests upcoming volatility with a directional move. 📍 Volume Surge: A notable spike in volume supports the strength of the breakout candle. 🧱 Support and Resistance Zones 🟢 Support Levels: S1: ₹1148 S2: ₹1098 S3: ₹1071 Broad Support Zone: ₹1000–1050 (marked as Weak Support) 🔴 Resistance Levels: R1: ₹1272 (Pattern Entry Level) R2: ₹1252 R3: ₹1302 Major Resistance: ₹1900–2000 (Long-term supply zone) 🔄 Entry Reference Levels (For Educational Illustration Only) ✳️ Early Entry Reference: Above ₹1203 A close above ₹1203 indicates sustained strength and potential continuation. 🧩 Pattern Breakout Entry Reference: Above ₹1272 A breakout above ₹1272 could confirm a larger reversal pattern with room to test higher resistance levels. ⚠️ Important Disclaimer This analysis is strictly for educational purposes and aims to help readers understand price structure, support/resistance zones, and indicator alignment. It does not constitute investment advice or a buy/sell recommendation. Always consult a registered financial advisor before making any investment decisions. Market participation involves risk and capital protection should be a priority. 📘 Conclusion Prestige Estate is currently at a critical juncture where momentum indicators, volume, and price action are aligning for a potential upside continuation. Close monitoring of key breakout levels and market conditions will be crucial for informed decision making. 🔔 Let us know your thoughts in the comments – Do you see strength sustaining above ₹1203? 📊 Poll: Will Prestige Estate reclaim ₹1300 in the coming weeks?
NSE:PRESTIGELong
by simpletradewithpatience
Garden Reach Shipbuilders (GRSE) Bullish Inv HnS BO with volumeThanks for sharing the chart of **Garden Reach Shipbuilders (GRSE)**. Strong **bullish setup** supported by two technical patterns: 1. **Falling Wedge Pattern (Breakout)** – A classic bullish reversal pattern, and it has broken out with strong volume. 2. **Inverted Head and Shoulders** – Another bullish reversal formation that also broke out around ₹1,730–₹1,750 zone, confirmed with high volume. ### Key Highlights: - **Breakout Confirmation**: Price closed at ₹1,957.80, up **+11.90%**, with strong volume (17.64M). - **Targets**: Based on pattern projections, potential target zones are: - ₹2,354.10 (Inverted H&S breakout) - ₹2,833.80 (Falling wedge pattern breakout) - **Support Zone**: ₹1,730 acts as a strong support now (previous resistance). This confluence of two bullish patterns with a volume spike significantly increases the probability of continued upward momentum.
NSE:GRSELong
by DailyCharts03
Watch This Wedge! AUDNZD Primed for Upside PushThe AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout and close above this trendline would signal bullish strength and could lead to a reversal of the recent downtrend. Targets: TP1: 1.07605 TP2: 1.07922 Stop Loss: Below the recent low at  1.06542
by Money_Dictators
1
Perfect Time for a Long Entry.Natco Pharma has clearly turned it's way now, after a fall of more than 20% from it's ATH, is has shown some good reversal confirmations, first being it has take rejection form Fibonacci 0.5 level as well as From it's Important Support Zone, Second being formation of two Bullish Chart Pattern i.e. Inverted Head & Shoulders and Falling Wedge pattern and it has given breakout of these pattern too. There are higher probabilities of it going towards a New ATH.
NSE:NATCOPHARMLong
by Trading_Mentor_Amaan
2
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations: 1. **Falling Wedge Pattern**: - The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline. 2. **Uptrend Channel**: - The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone. 3. **Volume Analysis**: - Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum. 4. **Relative Strength Index (RSI)**: - The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal. 5. **Support Levels**: - The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone. 6. **Potential Trade Setup**: - A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential. In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
NSE:SUZLONLong
by brijmohan_h
BAJEL - falling wedge Breakout - DailyThe chart of **Bajaj Electricals (BAJEL)**, as shown in the uploaded image, displays a well-defined technical pattern. ### Key Observations: 1. **Uptrend Channel**: The price action is contained within an ascending channel, marked by parallel yellow trendlines. This signifies an ongoing uptrend, with the stock making higher highs and higher lows. 2. **Breakout**: The stock has broken out from the downtrend or consolidation pattern that formed between Oct 1st 2024. This breakout suggests a possible continuation of the uptrend, which is also supported by increased volume near the breakout point. 4. **Price Targets**: - The stock is currently near the 286 INR level, and the next potential resistance level appears to be near **324.70 INR**, which is derived from the channel and measured moves. - The stock has shown a percentage price change of **23.65%** from the breakout, with potential to test higher levels. 5. **Support**: The stock has found solid support around the **236 INR** level, making this a key level to watch in case of any pullback or retracement. 6. **Relative Strength Index (RSI)**: The RSI indicator at the bottom shows a strong upward movement, indicating that the stock is gaining momentum. If it reaches overbought levels (above 70), some consolidation may occur. This overall analysis shows a **bullish outlook** for BAJEL, particularly given the channel breakout and technical pattern formations. The next levels to watch would be the **324.70 INR** resistance and possible retesting of support levels around **236 INR** if a pullback happens.
NSE:BAJELLong
by DailyCharts03