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,...
HDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal. Here’s a technical analysis: Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal. ...
PARADEEP - Range Breakout 4-Month Range: The stock was trading within a clear range for approximately 4 months, between ₹76 (support) and ₹95 (major resistance). During this period, the price was consolidating, indicating indecision or accumulation by market participants. The price tested both the upper and lower boundaries of the range several times, but...
Huhtamaki India Ltd recently broke a long-term resistance level around ₹360, followed by a consolidation phase just below ₹450. The stock found strong support near ₹360- ₹370 before bouncing back and entering a sideways consolidation pattern. There is a visible increase in rising volume, indicating a buildup of buying interest. A potential breakout above the...
KIRLPNU - Horizontal Range Breakout Rally and Consolidation: The stock initially had a significant uptrend (seen in April-May), followed by a sideways correction with lower highs and higher lows. This consolidation took the form of a descending channel (marked by red arrows at the highs and green arrows at the lows), which lasted for about four months from June...