Chart Pattern: A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern. The breakout has occurred above the resistance level of ₹2,000. Key Levels: Target Levels based on the height of the cup: First Target: ₹2,204.75 Second Target: ₹2,437.75 Final Target: ₹2,704.65 Volume Analysis: The breakout is accompanied by...
KROSS - Ready For IPO Base Breakout Price is consolidating tightly near resistance zone, indicating reduced selling pressure and potential for a breakout. ₹225-₹230 serves as the breakout level. Volume Trends: Volume decreased during the handle formation, showing healthy consolidation. Expect an increase in volume on a breakout above ₹230 to confirm the...
ADFFOODS - Double Bottom Pattern Breakout on Daily Chart After giving a good rounding bottom base breakout, the stock is moving up by forming some patterns like Darvas Box pattern and Double bottom pattern. Currently, it has give a double bottom breakout with massive volume indicating more possible upsides.
The chart shows Bajaj Finance Ltd. forming a 3-year long ascending triangle pattern, a bullish continuation setup. Key observations: 1.Consistent higher lows indicate strong buyer support along the long-term uptrend line. 2.A bullish hammer candlestick suggests a potential reversal near the support level. 3.The stock has also formed a triple bottom near long...
The chart of PAR Drugs shows a strong accumulation phase followed by consistent base shifts, indicating a steady uptrend with strong support levels forming at higher price ranges. Key observations: Strong Base Formation: The stock established a solid support level early on, acting as the foundation for the uptrend. Base Shifts: Multiple higher bases were...
The chart of Supriya lifescience shows a Cup and Handle pattern, a bullish continuation pattern suggesting the stock is poised for further upward momentum. Here's a detailed analysis: Prior Uptrend: The stock has displayed a strong uptrend leading into the pattern, which is essential for validating the Cup and Handle formation. This indicates bullish...
DCAL has broken out of the ₹200–₹212 resistance zone with strong bullish momentum. A gap-up breakout ("Run Away Gap Created") is accompanied by a significant increase in volume, signaling strong buyer interest. Higher Lows (HL): The chart shows consistent higher lows, indicating a strong uptrend and accumulation phase prior to the breakout. Stage 2 Breakout:...
The stock has formed a 126-week rounding bottom pattern, indicating a long-term bullish reversal. This classic pattern suggests a shift in sentiment from bearish to bullish. Breakout Confirmation: The breakout occurred above the major resistance level of ₹1,750, supported by a significant rise in volume, validating the bullish move. Post-Breakout...
Nifty 50 has given a clear breakdown of major support level on daily chart. Currently it is trading below all the important MAs and few more correction is expected. My analysis says that it would go down till 23550 - 23680 level where it can take support. After taking support at these levels, it can again bounce back.
📍Ready for Pole & Flag pattern breakout 📍Stock taking support at 50 Day EMA line 📍1 Month consolidation range
📌 Multi-Year Breakout and Retest 📌 Bullish Candle formation at retest level 📌 Hotel stocks in momentum
Here's a technical analysis of the KELLTONTEC stock chart: Key Observations Cup and Handle Pattern: The chart shows a cup and handle formation, which is a bullish continuation pattern indicating the potential for an upward breakout. The "cup" forms after a rounded bottom, and the "handle" represents a minor consolidation before a breakout attempt. Major...
Here is my observation for this stock Double Bottom Pattern: The chart shows a double bottom formation, a bullish reversal pattern indicating a potential end to the downtrend. This pattern often signals a shift in momentum from sellers to buyers. Minor Resistance and Major Resistance Areas: The stock broke above a minor resistance level and is now...
The stock was in a long, 52-week consolidation phase before breaking out. 9-Week Small Base Formation: Before the breakout, the stock formed a 9-week "small base" near the top of the consolidation range. This pattern shows a tightening of price action, where volatility decreases and the stock consolidates in a smaller range. This formation often acts as a...
BSL Ltd has given a breakout of Volatility Contraction Pattern (VCP), a bullish setup. Key points in this VCP: 3T VCP Formation: 1st Contraction: 38.7% 2nd Contraction: 31% 3rd Contraction: 15.86% These diminishing contractions indicate reduced volatility and a tightening range, suggesting that selling pressure is decreasing. Breakout: The price has broken...
MATRIMONY - Matrimony.com Ltd shows a promising technical setup with signs of a potential bullish move, given certain conditions are met. Here’s a detailed analysis: 103-Week Downtrend and Consolidation: The chart indicates a prolonged downtrend lasting about 103 weeks, followed by a consolidation phase of similar length. This long consolidation after a...
Piramal Enterprises Ltd shows bullish technical patterns that indicate a potential upward movement if certain breakout conditions are met. Here’s a detailed technical analysis: Long-Term Downtrend: The stock was in a prolonged three-year downtrend, followed by a 2.5-year consolidation range, indicating that the stock was in a base-building phase after a...
BOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart. Here’s a technical analysis: Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal,...