TechnoTrader10

TechnoTrader10

HAL is showing promising signs, reversing from the 200 EMA, which has historically acted as a strong support level. Additionally, the 4050 zone provides a solid foundation, reinforcing this level as a potential launching pad for a bullish reversal. Key Points to Note: 1) 200 EMA Reversal: Often viewed as a strong technical indicator for possible trend...

TechnoTrader10

"The stock has just broken a long-standing trendline on the weekly timeframe, signaling strong bullish momentum! This breakout could be an opportunity for potential upside movement. Keep an eye on this one! 📈"

TechnoTrader10

"Wipro is showing strength after a solid Q2 performance, beating expectations! 🚀 Large deal booking is the highest in 10 quarters, and EBIT margin has expanded for the third consecutive quarter. The stock is up 4% today, and with this momentum, there's potential for further upside! Stock is forming a triple top pattern, and once this key resistance breaks, it...

TechnoTrader10

📊 Stock Overview: 1) Pattern Formation: Manorama Industries has formed a basing continuation pattern on the daily timeframe. This pattern is often a bullish signal, indicating the stock is consolidating before continuing its previous upward trend. 2) Breakout: Recently, the stock gave a breakout from this continuation pattern, confirming the potential for an...

TechnoTrader10

📊 Stock Overview: 1) Trendline Since Nov 2023: Power Grid has been trending steadily, respecting a rising trendline that has been tested 4 times since November 2023. 2) Crucial Support Zone: The stock is currently trading at a critical support level where: 1) The trendline support converges with a horizontal support area. 2) This level has acted...

TechnoTrader10

Downtrend: Campus had been in a steady downtrend since October 2022, reaching a low of ₹213 in March 2024. 1) Trend Reversal: Recently, the stock broke its previous lower high of ₹300 with a strong bullish candle and high volume, indicating a potential trend reversal from downtrend to uptrend. 2) EMA Confirmation: The stock also crossed above the 200 EMA on the...

TechnoTrader10

Back in December 2023, Reliance gave a major breakout after a 2-year consolidation period and has since rallied 23%. Currently, the stock is trading near its previous breakout level, from which it reversed three times in the past, signaling a potential opportunity for further upside. However, investors should be cautious as the stock is trading below its 200 EMA...

TechnoTrader10

Breakout with Retest: 1) All-Time High Breakout: JK Paper has recently broken out of its all-time high with significant volume on the weekly chart, suggesting strong bullish momentum. 2) Retest of Breakout Level: After the breakout, the stock came back to retest the previous high, which is a classic technical move. The retest was successful, and the stock has...

TechnoTrader10

Pattern Identified: Bullish Symmetrical Triangle A bullish symmetrical triangle has formed on the daily chart of CARE Ratings Ltd, indicating that the stock is consolidating and may be poised for an upward breakout. 1) Last Candle: The most recent candle is significant, showing a large bullish move with a noticeable volume spike. This is often a signal of strong...

TechnoTrader10

Hey everyone! 🚀 Authum Invest & Infra Ltd. is showing signs of strength by forming a basing pattern, which often sets the stage for a potential breakout. Despite the Nifty falling 5%, this stock has stayed firm, holding its ground, which could be a strong bullish signal! Here's why this stock is worth keeping an eye on: 1) Basing pattern – A sign of...

TechnoTrader10

Hey everyone! 🌟 Geojit Finance Ltd. has recently given a multiyear breakout and is now in a phase of range contraction. What's interesting is that volume is dropping, which is typically a healthy sign of consolidation. On top of that, the fundamentals look strong and the company is expected to deliver a good quarter ahead, which could further fuel its...

TechnoTrader10

📈 Double Bottom Breakout: Dr. Lal Path Labs is giving a breakout from its double bottom pattern today! This pattern is a strong bullish reversal signal that could mark the beginning of an uptrend. 🔑 Key Points: Breakout above strong resistance level, signaling potential upside. Watch for volume confirmation: Higher-than-average volume strengthens the...

TechnoTrader10

Surya Roshni is showing a strong breakout on the weekly timeframe, accompanied by huge volume. Here's why this is worth noting: Volume Confirmation: The large volume indicates strong buying interest and adds confidence to the breakout. Technical Breakout: Breaking above key resistance on the weekly chart signifies potential for sustained upside. 🎯 What to...

TechnoTrader10

🚗 Multi-Year Breakout Alert! Rico Auto has shown significant strength with a multi-year breakout, surpassing its 2005 all-time high. Let’s break it down: Historical Resistance: The stock tested its 2005 all-time high two times: In 2017, it reversed from these levels. In 2023, it made another attempt but failed to break through. February 2024 Breakout: This...

TechnoTrader10

Potential breakout in the making! IDFC First Bank is showing a flag and pole pattern on the weekly timeframe, which indicates a strong continuation signal. This pattern generally forms after a sharp price move (the "pole") followed by a consolidation phase (the "flag"). We are now approaching a potential breakout point. 🔍 Key Highlights: Pattern: Flag and...

TechnoTrader10

🚢 Reversal Pattern Alert 🚢 Mazagon Dock Shipbuilders is showing strong signs of a reversal near its support zone, accompanied by a significant volume breakout! 📈 This indicates potential buying interest and could present a great opportunity for those looking to capitalize on the momentum. Key Observations: 📉 Support Zone: Price held firm around a critical...

TechnoTrader10

📊 Technical Analysis: The stock has broken through its 1-year resistance level, a barrier it tested three times before. This breakout was supported by strong volume, indicating potential strength behind the move. Now, the stock has pulled back for a retest on the Weekly time frame. 📈 What to Watch For: A successful retest with consolidation or a bullish...

TechnoTrader10

Pattern: Double Bottom with Resistance Break Attempt Stock: Kajaria Ceramics Limited Timeframe: Weekly Status: Approaching Resistance Break with Rising Volume Pattern Characteristics: The stock has tested its resistance 3 times in the past but has failed to break above it. Double Bottom Formation: A bullish reversal pattern, indicating the stock has likely found...