🔍 Key Observations The stock has staged a strong rally from the ₹870 support zone and is now testing a critical resistance around ₹1,075–₹1,140. This resistance zone is previously marked as a “Demand turned Supply” area – a major structure where price broke down earlier, and supply emerged. The stock is currently trading just below this zone, and a daily...
🔍 Technical Structure Overview CDSL is showing a classic uptrend structure with higher highs and higher lows on the daily timeframe, indicating bullish market sentiment and accumulation. ✅ Price is trading above all major moving averages – short-term (20 EMA), medium-term (50 EMA), and long-term (200 EMA). ✅ Recent pullback was shallow and well-supported,...
📈 GMDC – Multi-Year Breakout Retest Complete, Ready for Next Leg Up 🚀 🧱 Multi-Year Breakout Confirmed GMDC broke out of a massive multi-year supply zone (₹175–₹240) in September 2023, which had previously acted as a strong resistance since 2013. This is a structural breakout on the weekly chart, indicating a powerful shift in long-term trend. ✅ Breakout level...
📈 RAMCOCEM – Classic VCP Setup with Breakout Potential 🚀 🔍 Technical Structure: VCP (Volatility Contraction Pattern) Ramco Cements is currently exhibiting a textbook Volatility Contraction Pattern (VCP) – a bullish continuation pattern popularized by Mark Minervini. This setup often precedes explosive breakouts, especially when accompanied by key technical...
Chart Pattern: The chart shows a potential Cup and Handle pattern. This is a bullish pattern that suggests the stock may be poised for further upside. The "cup" is the U-shaped portion of the pattern, while the "handle" is the short pullback that follows. Recent Price Action: The stock broke out last week and made a new all-time high, indicating strong...
🚀 MOTILAL OSWAL FIN LTD What we're seeing: The stock has shown impressive strength, making a decisive breakout above a significant resistance zone (highlighted in green around ₹740-₹770)! 🟢 This move is backed by healthy volume, adding conviction to the upside. It's a classic resistance-turned-support scenario in the making. Potential Setup: This breakout...
Price Action: The stock has been in a recent uptrend, with a breakout from the supply zone. We are currently seeing a minor pullback from a recent peak. This could present an opportunity to enter close to the breakout level or stock breaks the recent high as highlighted on the chart. Volume: Volume bars are present, though no extraordinary spikes are...
🚀 NUVAMA - Fresh Breakout After Long Accumulation! 📈 Stock: Nuvama Wealth Management Ltd 📆 Timeframe : Daily 📊 Volume : Healthy, with breakout confirmation 🧭 Trend : Strong Uptrend (Above all major MAs) 🔍 Technical Breakdown: ✅ Trend Strength: The stock is trading above all major moving averages (20, 50, 100, 200 EMA/SMA) — and they are sloping upward,...
📈 Stock: ASHOK LEYLAND LTD (ASHOKLEY) 📆 Timeframe: Daily 💥 Pattern: 7-Month Base Breakout 📊 Volume: Rising 🔍 Technical Breakdown: Price Structure: The stock has been in a sideways consolidation or base formation for nearly 7 months, ranging approximately between ₹195 and ₹235. A breakout from this rectangular range occurred recently, indicating potential...
#SRF – Strong Trend Continuation Setup 📈 ✅ Bullish Setup in Progress! SRF has shown strong momentum, with price holding above key support levels after a recent breakout. Key Technical Highlights: Breakout Retest: The stock has successfully retested its breakout level and is holding above key moving averages. Relative Strength vs. Nifty: Positive, indicating...
🔎 Key Observations: Base Breakout on Decent Volume – Price successfully broke out of a long accumulation phase. 200-Day MA Rejection – Faced resistance at the critical moving average, leading to a pullback. Retesting the Base – The stock is currently stabilizing after the rejection. 🚨 Trading Plan: ⚠️ Wait for a Strong Close Above the 200-Day MA...
🔍 Chart Insights (Daily View): 🚀 ✅ Trendline Breakout: POLYMED has finally broken out of a well-respected downtrend line, which previously saw multiple rejections. ✅ Strong Close: The stock closed firmly above the trendline, signaling a shift in momentum. ✅ Relative Strength Flips Positive: RS vs Nifty has turned positive for the first time in weeks,...
✅ CHoCH (Change of Character) → Bullish Reversal Multiple CHoCH signals post-downtrend suggest a clear shift in market structure from bearish to bullish. Break of structure (BOS) confirms the uptrend is gaining momentum. ✅ Strong Weekly Candle A solid bullish candle with ~8.27% gain and strong close near the high shows buyer strength. ✅ Volume...
🔍 Chart Insights (Weekly View): ✅ Demand Zone Respect: Price rebounded strongly off the key ₹3,200–₹3,500 demand zone, which has acted as a solid base since 2021. ✅ Cup & Handle Pattern Forming: Smooth rounded bottom suggests potential for a long-term bullish breakout. ✅ Breakout on Daily & Weekly Charts: Structure looks bullish across timeframes. ✅ ...
🔎 Key Observations: ✔️ Supply & Demand Flip: The stock previously turned supply into demand but has now reversed back into a supply zone. ✔️ Shakeout & Fake Breakout: A breakout attempt on low volume led to a failure (bull trap). ✔️ Current Rejection: The stock faced selling pressure around the 4,100-4,200 zone, indicating strong resistance. 🚨 Trading...