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Breakaway Gap and Bullish Momentum in SRF Ltd1. Key Observations in Price Action Price Movement: The stock has been range-bound for a considerable period, trading between ~2200 (support zone) and ~2600 (resistance zone). The highlighted blue box captures this range. Several attempts to break out above 2600 (R3) failed, showing resistance. Likewise, multiple tests of the support level around 2200 (S3) held strong. Breakaway Gap on the chart: A large gap-up candle appears on the right-hand side. The price surged from the prior resistance (~2400-2500) to a new high of ~2650. This is indicative of a breakaway gap, often signifying the start of a strong upward trend. The breakout is further supported by strong volume (visible in the price action characteristics). The price is now trading above the pivot (P) and nearing R1/R2, suggesting bullish momentum. 2. Pivot Levels and Key Support/Resistance Resistance Zones: R1 (2600): Currently being tested. R2 (2700): The next potential level if momentum continues. R3 (2900): A longer-term bullish target if the uptrend sustains. Support Zones: P (2400-2500): Recent resistance turned support; critical to sustaining the uptrend. S1 (2300): Immediate support if a pullback occurs. S2/S3 (2200): The bottom of the prior range and a strong support zone. 3. Breakaway Gap Analysis What is a Breakaway Gap? A breakaway gap occurs when the price opens significantly higher (or lower) than the previous close, accompanied by strong volume. It marks the beginning of a new trend. The gap is often not filled immediately and acts as a strong support/resistance level. In this case: The gap has broken out of the 2400-2600 consolidation range, signifying the end of the prior range-bound movement. If the gap remains unfilled in the coming sessions, it will confirm a breakaway gap and further validate bullish strength. Support from MACD (discussed below) and pivot levels indicates the price may continue higher. 4. MACD Analysis The MACD line (blue) is above the signal line (orange), confirming bullish momentum. The histogram is strongly positive, indicating the strength of the upward trend. This momentum aligns with the gap breakout and suggests the continuation of the upward move. 5. Trading Implications Bullish Case: A sustained move above R1 (2600) can lead to the next resistance at R2 (2700). The breakaway gap (~2400-2500) will act as strong support, ensuring a higher low structure. Traders can look for long entries above 2600, with a stop loss near 2500 (gap support) and targets at 2700-2900. Bearish Case (Invalidation): A failure to sustain above 2600 could lead to a pullback to the gap level (2400-2500). If the price fills the gap entirely, it may re-enter the previous range of 2200-2600. Conclusion The breakaway gap signals a potential long-term uptrend for SRF Ltd, provided the gap remains unfilled. MACD and pivot levels confirm bullish momentum, with upside targets at 2700 and 2900. Key support levels to watch: Immediate: 2500 (gap zone) Critical: 2200 (previous range bottom)
NSE:SRFLong
by TrueVithbyVishwanath
AngleOne Ltd Stock Analysis**GlobalTradeHub | AngleOne Ltd Stock Analysis** **Fundamental Analysis:** AngleOne Ltd, a leading brokerage firm in India, has shown strong revenue growth driven by increasing retail participation. The company benefits from a growing client base and rising trading volumes. However, competition from discount brokers and regulatory risks are key factors to watch. **Technical Analysis:** The stock is trading in an uptrend but facing resistance near ₹1,900. A breakout above this level could push it toward ₹2,050. Strong support is seen at ₹1,750, with further downside risk if breached. RSI is near 60, indicating bullish momentum but nearing overbought territory. **Key Levels:** - **Resistance:** ₹1,900 / ₹2,050 - **Support:** ₹1,750 / ₹1,650 **Conclusion:** AngleOne Ltd remains a strong player in the brokerage space. A breakout above resistance could fuel further upside, while traders should watch support levels for potential dips.
NSE:ANGELONELong
by Globaltradehub
Cholamandalam Investment & Finance (CHOLAFIN) Stock Analysis**GlobalTradeHub | Cholamandalam Investment & Finance (CHOLAFIN) Stock Analysis** **Fundamental Analysis:** Cholamandalam Investment & Finance, a key NBFC in India, has shown strong loan book growth, supported by rising demand for vehicle and SME loans. Solid asset quality and a well-diversified portfolio add to its strength. However, rising interest rates and economic slowdowns could pose risks. **Technical Analysis:** The stock is in an uptrend, currently testing resistance near ₹1,250. A breakout could push it toward ₹1,350. Strong support is at ₹1,150, and a breakdown below could trigger further downside. RSI is around 65, suggesting bullish momentum but approaching overbought levels. **Key Levels:** - **Resistance:** ₹1,250 / ₹1,350 - **Support:** ₹1,150 / ₹1,050 **Conclusion:** Cholamandalam remains fundamentally strong. A breakout above ₹1,250 may signal further upside, while traders should monitor support levels for potential buying opportunities. 🚀📈
NSE:CHOLAFINLong
by Globaltradehub
SHRIRAMFIN - Breakout Stock SHRIRAMFIN – Breakout Stock Analysis 🔹 Strong Momentum – The stock is showing a robust upward movement, indicating sustained buying interest and bullish sentiment. 🔹 Volume Surge – A significant increase in volume confirms strong participation, validating the breakout and signaling potential continuation of the trend. 🚨 Disclaimer: This analysis is for educational purposes only and not a recommendation to buy or sell. Please conduct your own research before making any investment decisions.
NSE:SHRIRAMFINLong
by EquiClarion-S
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in PENIND BUY TODAY SELL TOMORROW for 5%
NSE:PENIND
by Kapil-Mittal
2
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in CARERATING BUY TODAY SELL TOMORROW for 5%
NSE:CARERATING
by Kapil-Mittal
2
candlestick patterns **SkyTradingZone** is your go-to source for educational content on trading, covering market insights, strategies, and in-depth analysis. Our goal is to empower traders and investors with knowledge to navigate the markets effectively. --- # **Candlestick Patterns – Part 1: Basics and Key Reversal Patterns** Candlestick patterns are one of the most powerful tools in **technical analysis**. They help traders understand market sentiment and predict future price movements based on past price action. 📌 **Why Use Candlestick Patterns?** ✅ They provide **visual insights** into price action. ✅ They help identify **market reversals, trend continuations, and breakouts**. ✅ They work well when combined with **support & resistance, volume, and indicators** like RSI or MACD. --- ## **1️⃣ Understanding Candlestick Structure** A candlestick consists of **four key components**: 📌 **Open** – The price at which the candle starts. 📌 **Close** – The price at which the candle ends. 📌 **High** – The highest price reached during the timeframe. 📌 **Low** – The lowest price reached during the timeframe. 🔹 **Bullish Candle (Green/White):** When the **closing price** is higher than the **opening price**, showing buyers are in control. 🔹 **Bearish Candle (Red/Black):** When the **closing price** is lower than the **opening price**, showing sellers are in control. --- ## **2️⃣ Types of Candlestick Patterns** Candlestick patterns can be broadly classified into **two types**: ✅ **Reversal Patterns** – Indicate a possible change in trend. ✅ **Continuation Patterns** – Indicate that the trend will likely continue. --- ## **3️⃣ Key Reversal Candlestick Patterns** ### 📍 **A) Bullish Reversal Patterns** 1️⃣ **Hammer** 🔹 A small body with a **long lower wick** (shadow). 🔹 Appears after a **downtrend**, signaling a potential reversal. 🔹 **Indicates buyers have entered the market aggressively.** 📌 **Confirmation:** The next candle should be bullish with high volume. 🔹 **Example:** If Nifty 50 forms a hammer at a key **support level**, it could signal a trend reversal. --- 2️⃣ **Bullish Engulfing** 🔹 A **large green candle** completely engulfs the previous **red candle**. 🔹 Shows **strong buying pressure**, often leading to an **uptrend**. 📌 **Confirmation:** Must occur at a **support level or after a downtrend**. 🔹 **Example:** If a stock forms a **bullish engulfing pattern near a 200-day moving average**, it’s a strong buy signal. --- 3️⃣ **Morning Star** 🔹 A **three-candle pattern** appearing after a **downtrend**: ✅ First Candle – Large **red candle** (sellers in control). ✅ Second Candle – Small **indecisive candle** (doji/spinning top). ✅ Third Candle – Large **green candle**, confirming reversal. 📌 **Confirmation:** The third candle should close above the first candle’s midpoint. 🔹 **Example:** A **Morning Star on Bank Nifty's daily chart** at a key support zone can indicate a bullish rally ahead. --- ### 📍 **B) Bearish Reversal Patterns** 1️⃣ **Shooting Star** 🔹 A small body with a **long upper wick**. 🔹 Appears after an **uptrend**, signaling a potential reversal. 🔹 Shows that **buyers tried to push prices higher but failed, and sellers took control**. 📌 **Confirmation:** The next candle should be bearish with strong volume. 🔹 **Example:** If **Reliance stock** forms a **shooting star** near resistance, it could indicate a **sell-off**. --- 2️⃣ **Bearish Engulfing** 🔹 A **large red candle** completely engulfs the previous **green candle**. 🔹 Indicates **strong selling pressure** and potential **trend reversal**. 📌 **Confirmation:** Must occur at a **resistance level or after an uptrend**. 🔹 **Example:** A **Bearish Engulfing pattern on the Nifty 50 weekly chart** near a **key resistance level** signals weakness in the index. --- 3️⃣ **Evening Star** 🔹 A **three-candle pattern** appearing after an **uptrend**: ✅ First Candle – Large **green candle** (buyers in control). ✅ Second Candle – Small **indecisive candle** (doji/spinning top). ✅ Third Candle – Large **red candle**, confirming reversal. 📌 **Confirmation:** The third candle should close below the first candle’s midpoint. 🔹 **Example:** An **Evening Star on HDFC Bank’s chart** near all-time highs may signal a bearish reversal. --- ## **4️⃣ How to Trade Candlestick Reversal Patterns?** 📌 **Step 1:** Identify the pattern at a **key support or resistance level**. 📌 **Step 2:** Wait for **confirmation** from the next candle. 📌 **Step 3:** Use **indicators like RSI, MACD, or Volume** for extra confirmation. 📌 **Step 4:** Enter a trade with a **stop-loss below/above the pattern’s wick**. 📌 **Example Trade Setup:** ✅ If a **Hammer pattern forms at a support level with increasing volume**, go **long**. ✅ Place **stop-loss** below the candle’s wick. ✅ Target **previous resistance levels** for profit-taking. --- ## **5️⃣ Common Mistakes to Avoid When Using Candlestick Patterns** ❌ **Trading Patterns in Isolation** – Always combine with support/resistance and indicators. ❌ **Ignoring Volume Confirmation** – A strong reversal needs high volume support. ❌ **Entering Without Confirmation** – Wait for a confirming candle before taking a trade. ❌ **Using Too Many Patterns** – Stick to **high-probability setups** like Engulfing, Hammer, and Shooting Star. 📌 **Pro Tip:** The best traders use **candlestick patterns along with market structure, trendlines, and momentum indicators** for higher accuracy. --- ## **Final Thoughts – Why Candlestick Patterns Are Important?** 🚀 **Candlestick patterns provide an edge in understanding market psychology and potential price movements.** 📌 **To Master Candlestick Trading:** ✅ Learn to identify **reliable reversal and continuation patterns**. ✅ Combine with **key support/resistance levels**. ✅ Backtest patterns to see which works best in different market conditions. By mastering **Candlestick Analysis**, traders can significantly improve their decision-making and **increase profitability in the stock market!** 📈💰 --- 📌 **Coming Up Next in Part 2:** **Continuation Candlestick Patterns (Doji, Spinning Tops, Three Soldiers, etc.) and How to Use Them in Trading.** 🔹 **Disclaimer**: This content is for educational purposes only. *SkyTradingZone* is not SEBI registered and does not provide financial or investment advice. Please conduct your own research before making any trading decisions.
NSE:RELIANCEEducation
by SkyTradingZone
3
MACD trading**SkyTradingZone** is your go-to source for educational content on trading, covering market insights, strategies, and in-depth analysis. Our goal is to empower traders and investors with knowledge to navigate the markets effectively. --- # **What is MACD Trading?** MACD (Moving Average Convergence Divergence) is one of the most powerful and widely used indicators in technical analysis. It helps traders identify **trend direction, momentum shifts, and potential reversals** in the stock market, forex, and crypto markets. --- ## **1️⃣ Understanding MACD Indicator** The **MACD Indicator** consists of three key components: ✅ **MACD Line (Fast Line)** – The difference between the **12-day EMA and 26-day EMA**. ✅ **Signal Line (Slow Line)** – A **9-day EMA** of the MACD line, used to generate buy/sell signals. ✅ **Histogram** – The difference between the MACD line and Signal line, which shows momentum strength. 📌 **Formula:** **MACD Line = 12-day EMA – 26-day EMA** **Signal Line = 9-day EMA of MACD Line** **Histogram = MACD Line – Signal Line** --- ## **2️⃣ How to Trade Using MACD?** 📍 **A) MACD Crossover Strategy** 🔹 **Bullish Signal (Buy Trade)** – When the MACD Line crosses **above** the Signal Line. 🔹 **Bearish Signal (Sell Trade)** – When the MACD Line crosses **below** the Signal Line. 📍 **B) MACD Histogram Strategy** 🔹 When the **histogram is positive and increasing**, it signals strong bullish momentum. 🔹 When the **histogram is negative and increasing**, it signals strong bearish momentum. 📍 **C) MACD Divergence Strategy** 🔹 **Bullish Divergence (Buy Signal)** – Price makes **lower lows**, but MACD makes **higher lows**. 🔹 **Bearish Divergence (Sell Signal)** – Price makes **higher highs**, but MACD makes **lower highs**. 📌 **Pro Tip:** Always confirm MACD signals with **support/resistance levels, RSI, or volume analysis** for stronger accuracy. --- ## **3️⃣ Best MACD Trading Strategies for High Profitability** 📍 **A) MACD + RSI Strategy** 🔹 Buy when MACD gives a **bullish crossover** and RSI is **above 50**. 🔹 Sell when MACD gives a **bearish crossover** and RSI is **below 50**. 📍 **B) MACD + Moving Averages Strategy** 🔹 Use **MACD crossovers** with **50-day & 200-day moving averages** for trend confirmation. 📍 **C) MACD + Support/Resistance Strategy** 🔹 When MACD gives a **buy signal near support**, it confirms a strong upward move. 🔹 When MACD gives a **sell signal near resistance**, it confirms a strong downward move. --- ## **4️⃣ Common Mistakes to Avoid in MACD Trading** ❌ **Trading Every Crossover** – Always confirm with other indicators. ❌ **Ignoring Market Trends** – Use MACD in **trending markets**, not sideways markets. ❌ **Not Using Stop-Loss** – Always set risk management rules. 📌 **Example:** If Nifty 50 is trending **upwards**, wait for a **bullish MACD crossover** near **support** instead of blindly following MACD signals. --- ## **Final Thoughts – Why MACD is a Game-Changer?** 🚀 MACD helps traders **identify trends, momentum, and reversals** with high accuracy. 📌 **To Master MACD Trading:** ✅ Use **MACD crossovers** with RSI & Moving Averages. ✅ Confirm MACD **signals with price action & volume**. ✅ **Backtest MACD strategies** before using real money. By combining **MACD with other technical tools**, traders can **increase profitability and trade with confidence!** 📈💰 --- 🔹 **Disclaimer**: This content is for educational purposes only. *SkyTradingZone* is not SEBI registered and does not provide financial or investment advice. Please conduct your own research before making any trading decisions.
NSE:INFYEducation
by SkyTradingZone
3
TATA COMMUNICATIONS - TRADING AT MAJOR SUPPORT ZONESymbol - TATACOMM CMP - 1388 Tata Communications Ltd. has shown weakness over the past few months, with the overall technical structure indicating a bearish outlook. However, the stock has recently reached a major demand zone, which lies between the 1380-1350 range, a level that has held significant support in previous price actions since 2021. This zone could act as a strong demand area, potentially offering a good trading opportunity at current prices. The stock has been under selling pressure in the short term, but as it approaches this demand zone, the probability of a reversal or at least a short-term bounce increases. The technical indicators suggest that the stock is at a crucial level where the demand could pick up, leading to a possible upward movement from current levels. Although the broader trend has been bearish, the price action near this support level creates an attractive risk-reward setup. Given the recent price action, I am taking long positions in TATACOMM Futures at 1388. I will look to add more positions if the price reaches 1360-1350 range. My SL is set at 1325 to manage risk, ensuring protection in case the price fails to hold the demand zone and continues lower. The target I am expecting is 1520, which represents more than a 10% upside from current levels. This target aligns with previous resistance areas and the potential for a bullish move once the stock stabilizes at the demand zone. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:TATACOMMLong
by akshit_official
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in LATENTVIEW BUY TODAY SELL TOMORROW for 5%
NSE:LATENTVIEW
by Kapil-Mittal
3
CRAFTSMAN Price action analysisCraftsman Automation Ltd (CRAFTSMAN) has shown significant price action in recent months. As of February 27, 2025, the stock is trading at 4,733.25 INR, down 2.43% from its previous close of 4,850.95 INR ## Technical Analysis The stock is currently displaying bearish signals across multiple technical indicators: - **Super Trend**: Mild bearish with a value of 4416.49 - **Parabolic SAR**: Strong bearish trend, indicating a nicely trending downward movement - **MACD**: Bearish crossover, with the MACD line sustaining below the signal line - **Bollinger Bands**: Strong bearish signal with a negative breakout - **ADX**: Trending downwards, suggesting a bearish momentum ## Recent Performance CRAFTSMAN has shown mixed performance across different time frames: - **1-week change**: Up 1.34% - **1-month change**: Down 12.21% - **Year-to-date**: Performance data not available in the search results ## Historical Pattern Between December 2023 and August 2024, CRAFTSMAN formed a cup and handle pattern on the daily chart. The stock broke out of this pattern on August 26, 2024, with significant trading volume. ## Valuation Despite the recent bearish technical signals, some analysts consider CRAFTSMAN to be undervalued: - Current market price: 4,059.40 INR - Intrinsic value (average of DCF and relative values): 5,527.45 INR - Undervaluation: 27% ## Analyst Projections Wall Street analysts have set the following price targets for CRAFTSMAN: - Average 1-year price target: 5,256.91 INR - Low forecast: 4,317.75 INR - High forecast: 6,090.00 INR Investors should note that while technical indicators currently suggest a bearish trend, the stock's valuation and analyst projections indicate potential upside. As always, it's crucial to conduct thorough research and consult with a financial advisor before making investment decisions.
NSE:CRAFTSMANLong
by KarniKripaa
UJJIVANSFB Price action analysisUjjivan Small Finance Bank Ltd (UJJIVANSFB) is currently trading at 32.35 INR, showing a decrease of 0.59% from its previous close of 32.54 INR . The stock has experienced significant volatility and downward pressure in recent periods: ## Short-term Performance - In the past 24 hours, UJJIVANSFB has seen a slight increase of 1.13%. - Over the past week, the stock has fallen by 5.22%. - The monthly performance shows a decline of 6.91%. ## Long-term Trend - UJJIVANSFB has demonstrated a substantial decrease of 41.16% over the past year. - Despite this recent downtrend, the stock has provided a 3-year return of 90.86%, outperforming the Nifty Midcap 100 index which returned 78.49% during the same period. ## Technical Indicators - The stock is currently trading at its lowest valuation over the past 5 years. - A bearish stochastic crossover signal appeared on the weekly chart on February 21, 2025. Historically, this signal has been followed by an average price decline of 7.58% within 7 weeks. - On the daily chart, a bullish Heikin-Ashi candle changeover was observed, indicating a potential short-term reversal. ## Price Targets and Valuation - Wall Street analysts have set an average 1-year price target of 48.52 INR, with a low forecast of 36.36 INR and a high forecast of 66.15 INR. - The intrinsic value calculation suggests a base case value of 70.15 INR, indicating that the stock may be undervalued by 54% compared to its current market price. ## Key Levels to Watch - Support level: 35 INR - Resistance level: 45 INR - A breakout above 45 INR with significant volume could signal a potential reversal or move towards higher resistance levels. While the stock has faced significant downward pressure, some technical indicators and analyst forecasts suggest potential for upside. Investors should closely monitor key support and resistance levels for signs of trend reversal or continuation.
NSE:UJJIVANSFBLong
by KarniKripaa
Cholamandalam Financial Holding cmp 1636.20 by Daily Chart viewAdd stock to watchlist basis Support Zone tested retested with probability for Resistance Zone Breakout Cholamandalam Financial Holding cmp 1636.20 by Daily Chart view - Support Zone at 1375 to 1430 Price band - Resistance Zone at 1645 to 1690 Price Band - Bullish Double or Triple Bottom one might want this to interpret - Daily Support at 1522 > 1390 > 1270 Resistance at 1750 > 1865 > 1985 - Volumes syncing in closely above avg traded quantity since a long timeframe - Stock Price Breakout above Falling Resistance Trendline and also Rising Support Trendline been shouldered - Bullish Rounding Bottoms made with neckline at the Resistance Zone awaiting for a probable Upside Breakout
NSE:CHOLAHLDNG
by PIYUSHCHAVDA
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Round Bottom Breakout in MGEL BUY TODAY SELL TOMORROW for 5%
NSE:MGEL
by Kapil-Mittal
2
Credit Access Grameen LtdDate 27.02.2025 Credit Access Grameen Ltd NSE: CREDITACC Timeframe : Day Chart A Learning Chart : An illustration of Elliot Wave count along with internal waves. Key Points About The Company 1 Credit Access Grameen Limited is India's largest microfinance company. 2 It is a Non-government company. 3 Credit Access Grameen provide loans to small businesses and low-income families. 4 Company has delivered good profit growth of 35.0% CAGR over last 5 years. 5 Company's median sales growth is 31.6% of last 10 years. 6 Promoter holding has decreased over last 3 years: -7.39 %. 7 PE Ratio = 17.7 II ROCE = 14.8 % II Book Value = 438 II ROE = 24.8 % 8 Long term target based on wave 5 looks 1700+ Regards, Ankur
NSE:CREDITACCLong
by AnkurSingh