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Adani Ports: On the Brink of a Major Breakout or Reversal?"1. Current Price Action and Trend The stock is trading at ₹1,164.05, which is just above the S1 support level of ₹1,081.35. A significant bullish candle has formed this week, showing a strong reversal attempt from recent lows. It’s up 7.37%, indicating positive sentiment. However, the stock is still below its previous highs (R2 level around ₹1,353.15), suggesting it's in a consolidation zone. 2. Key Support and Resistance Levels Immediate Support (S1): ₹1,081.35 – The stock tested this level and reversed sharply. Deeper Support (S2): ₹1,005.45 – If the S1 level breaks, this would act as the next potential support. Resistance (R1): ₹1,169.40 – The stock is close to this resistance, which aligns with the top of the current bullish move. Further Resistance (R2): ₹1,353.15 – A breakout above ₹1,170 could push it toward this level. 3. MACD Analysis The MACD histogram is still in the negative zone, and the lines are below the zero line. However, the gap between the MACD and signal lines is narrowing, indicating weakening bearish momentum. A bullish crossover on the MACD could confirm a trend reversal. 4. Fibonacci Pivot Insights The Fibonacci pivot levels give a clear roadmap: The stock respected R3 (previous high) around ₹1,600 before a steep correction. The price is currently hovering around S1, a critical zone that could either act as a launchpad or lead to further declines. Upside potential toward R1 or R2 is evident if momentum builds. 5. Pattern Observations Double Top Formation (Longer Term): There is a potential double-top pattern near ₹1,600 (R3), which led to the sharp decline. This is a bearish pattern but already played out partially. Falling Channel: The recent correction appears to be part of a falling channel, with the stock now attempting to break out. Risk-Reward Zone: The marked blue box on the chart shows a low-risk entry zone, with the stop-loss below ₹1,055 and upside targets toward ₹1,353 (R2). 6. Possible Scenarios Bullish Case A breakout above ₹1,170 (current resistance) could push the stock toward ₹1,353 (R2) and eventually ₹1,600 (R3). Positive global or sector-specific news could act as a catalyst. The MACD crossing into the positive territory would confirm the trend reversal. Bearish Case If the stock fails to sustain above ₹1,081 (S1), we could see a move down to ₹1,005 (S2) or even ₹900 (psychological support). Continued bearish momentum on MACD could lead to lower levels. Sideways Case If the stock consolidates between ₹1,081 and ₹1,170, it would indicate indecision. Watch for volume spikes as a potential breakout indicator. 7. Broader Context On a longer-term basis, the stock has seen significant volatility. The previous high at ₹1,600 serves as a strong resistance zone. A sustained breakout above this level would indicate multi-year highs and renewed bullish sentiment. On the downside, ₹1,000 acts as a critical psychological support. Final Take For short-term traders, the risk-reward looks favorable with stop-loss below ₹1,055 and targets near ₹1,353. For long-term investors, accumulation in the ₹1,000–₹1,100 zone could be considered if broader market conditions support recovery. Keep an eye on global macroeconomic factors, sector trends, and company-specific developments, as they could impact price movements.
NSE:ADANIPORTSLong
by TrueVithbyVishwanath
Hindustan Zinc (HZL) Breakout: Is This the Start of a Big Rally?Hindustan Zinc Limited (HZL), established in 1966, is a leading Indian mining and resources company specializing in the production of zinc, lead, silver, and cadmium. As a subsidiary of Vedanta Limited, Hindustan Zinc holds a dominant position in the Indian zinc market, commanding approximately a 75% share. Financial Performance: In the quarter ending September 30, 2024, HZL reported a net profit of ₹23.27 billion, marking a 35% increase from the previous quarter. This growth is attributed to higher zinc prices driven by increased demand from China and global supply concerns. Revenue from silver, its second-largest business segment, increased by 20% during the same period. Stock Performance & Trends: On October 30, 2024, Hindustan Zinc reached a high of ₹575. The stock later declined, hitting a low of ₹414.70 on January 13, 2025. As of now, the price has recovered to ₹468, indicating a moderate rebound from its recent low. Technical Analysis: Falling Wedge Breakout: In the daily time frame, the price formed a falling wedge pattern, which has now given a breakout confirmation. Strong Price Action on Feb 5th: Price surged by 6.99% on February 5, 2025, signaling bullish momentum. This was accompanied by a significant volume increase of 3.71M, compared to the last 30-day average volume of 1.3M. The volume increased by approximately 185.38%, confirming strong buying interest. Key Reversal Zone: If the price faces rejection from the current level (LTP ₹468), a potential reversal zone lies between ₹432 to ₹443.90. Resistance Levels: Resistance 1: ₹500 Resistance 2: ₹553 Resistance 3: ₹630 Strategic Initiatives: HZL is actively pursuing a transition to renewable energy, with plans to power its operations entirely through renewables within the next five to seven years. This initiative aligns with India's broader strategy to reduce greenhouse gas emissions and increase the share of non-fossil fuels in electricity generation. Ownership & Divestment: The Indian government, which holds a 29.54% stake in HZL, announced plans to sell a 2.5% stake valued at approximately $634 million in November 2024. Earlier in 2024, Vedanta sold a 3.3% stake in the company. Conclusion: Hindustan Zinc Limited remains a fundamentally strong company, benefiting from global metal demand and a steady dividend policy. However, recent stock fluctuations and technical patterns suggest strong bullish potential following the falling wedge breakout and volume surge. Traders should watch the ₹432-₹443.90 reversal zone if a pullback occurs, while ₹500, ₹553, and ₹630 serve as key resistance levels for further upside.
NSE:HINDZINC
by ALICEBLUE
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 SENORES BUY TODAY SELL TOMORROW for 5%
NSE:SENORES
by Kapil-Mittal
6
#REDINGTON - Potential Break Out / Feb'25📊 Script: REDINGTON Key highlights: 💡⚡ 📈 IH&N Formation in Weekly chart. 📈 IH&N Formation in Daily chart also 📈 Went into a Side Ways consolidation for over a Nine months. 📈 Volume spike seen in past 📈 MACD Cross Over. 📈 One can go for Swing Trade. 🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly. BUY ONLY ABOVE 233 DCB ⏱️ C.M.P 📑💰- 226 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅#Boost, #Like & #Follow to never miss a new idea! ✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:REDINGTONLong
by MMT_MakeMoneyTrading
SBI : Coming close to good value BUYSBI Q3 results are due later today, but expectation is of overall flattish to positive results. - Technically, SBI has strong support in Monthly charts from 600 - 650 zone, followed by another zone of 540 -580 (from which breakout happened earlier).. - Similarly, the zone of840 - 870 will act as a strong resistance in short term for the stock too. - With P/E ratio of ~ 8.8 (< 5 year average of 11.1) & P/B ratio close to 5 year average. It offers comfort of NOT a big downside risk in SBI stock prices. #SBI #Stoxsense
NSE:SBINLong
by stoxsense
RBL BANK - Sideways to bearish journey aheadAs we can see stock doing sideways journey from past quarter between 160 - 180 Finally trend line has also been broken recently Now at this point it seems that stock will resist one final time at previous resistance area of 178 - 180 If happens so, it may also try to give a pull back till the trend line or previous support area of 158 - 160 Post that it may trend upside again Lower time frame confirmation is compulsory for trade Trade Cautiously !
NSE:RBLBANKShort
by Vishy5
$NSE:LTF NSE:LTF 📊 **L&T Finance Stock Chart Analysis** 📉 In the L&T Finance stock chart, I can identify a clear descending channel pattern forming in recent months (visible from October 2023 to January 2025). This pattern is characterized by: - Two parallel descending trendlines containing the price action. - The upper trendline connecting the lower highs (around 151.95, 145.87). - The lower trendline connecting the lower lows (134.10, 129.20). Currently, the price appears to be testing the upper resistance line of the channel around the 146 level. The channel has a slight downward slope, indicating an overall bearish bias during this period. However, the recent price action shows some bullish momentum as it's moving towards the upper boundary of the channel. The trading volume has been relatively consistent throughout this pattern formation, with some notable spikes during key price movements. The RSI indicator shown at the bottom also suggests increasing momentum with the recent upward movement. 📈 ### Potential Breakout Analysis 📊 - The current price (146.07) is testing the upper resistance line of the descending channel. - The RSI is showing strength, moving above the 50 level with positive momentum. - Volume has increased recently, supporting the upward price movement. ### If a Bullish Breakout Occurs Above 146-147 Levels 📈 - **First Target:** Around 151.95 (previous swing high). - **Second Target:** Could extend to the 159-160 zone (based on previous support turned resistance). - The height of the channel is approximately 16-17 points (145.87 - 129.20), so projecting this from the breakout point gives a potential target of 162-163. ### Key Points to Watch 👀 - **Volume Confirmation:** Should see above-average volume on breakout. - **RSI:** Should maintain above the 50 level. - **Price:** Should close above the channel resistance for confirmation. ### Risk Management ⚠️ - Strong support exists at the 140-141 zone. - Stop loss can be placed below the 134-135 level (channel support). **Disclaimer:** These are technical projections and actual price movement may vary. It's important to use proper risk management and not solely rely on technical analysis for trading decisions. 📉📈
NSE:LTFLong
by vkj123