advaitwealthmatrix
Aditya Birla Capital Ltd. (monthly timeframe) shows a classic Cup and Handle pattern, which is typically considered a bullish continuation pattern. The price is now testing the resistance zone around ₹255, the rim of the cup. A monthly close above ₹255 with volume would confirm a breakout. Note : Above view shared for educational purpose only, no any buy or sell...
The stock has been trading in a rising parallel channel since February 2025. Today’s candle shows a decisive breach of the lower trend line, signaling potential breakdown. Price closed neat the trend line support, which raises caution. Caution for Long Positions: As price has exited the rising channel. Wait for Volume Confirmation: On breakdown to validate...
Infosys is displaying a Inverse Head & Shoulder pattern, but breakout has not yet been confirmed. A sustained move above ₹1,635 with strong volume would trigger an upward breakout toward ₹1,750+. Note : Above view shared only for educational purpose, no any buy or sell recommendations.
ICICI Bank is in a low volatility contraction phase. Watch for a breakout from the inside bar range — the move could be sharp due to the tight setup. Note :- Above view is only for educational purpose, no any buy or sell recommendations.
Breakout: The stock has broken above a falling trendline — this is a positive sign that buyers are now in control. Next Target: ₹200–₹202 is the next resistance level (it may face selling there). Support: If the price falls, ₹175 is a strong support zone where it may bounce again. Volume: Good volume on the breakout day — shows strong buying interest. ✅...
📊 Technical Insights: Breakout Price: Around ₹298–₹300 Current Price: ₹300.50 Immediate Resistance Levels: ₹321.50 ₹324.95 (major) Support Zones: ₹290 – wedge resistance may act as new support. ₹280 – previous lows. Note :- Above view is only for educational purpose, no any buy or sell recommendations.
📈 Technical Implications: Pattern: Rounded bottom = bullish reversal. Breakout Zone: ₹405–₹410 Immediate Resistance: ₹415–₹420 Target Projection ₹450-480–520 (medium-term) Invalidation: Below ₹372 Note : Above view is only for educational purpose, no any buy or sell recommendations.
Key Observations Trendline Breakout: The stock has clearly broken out above the descending trendline, indicating a trend reversal from bearish to bullish. 📈 Important Resistance Levels Ahead Immediate resistance: ₹540.80 – very close; watch price action near this level. Next resistance zones: ₹590.20 ₹690.15 ₹791.90 ₹813.80 These are historical supply...
Chart Pattern & Price Action The stock has been trading sideways within a rectangle range between approximately ₹940 and ₹980 for several weeks (highlighted in the blue box). Today's price action shows a strong bullish candle breaking toward the upper edge of the consolidation zone, closing at ₹979.00, very close to resistance. ⚠️ Key Levels Resistance (Breakout...
PIRAMAL ENTERPRISES LTD (Daily Chart): A classic "Cup and Handle" pattern is clearly visible. Breakout from a well-formed pattern like this often leads to sustained uptrend. Targets Based on Pattern: Support Levels: Immediate support: ₹1147.60 (neckline) Stronger support at ₹1049 and ₹1043 zones (prior consolidation area) Conclusion: Stock can ride toward ₹1250 →...
Breakout Confirmation: Strong bullish breakout above the ₹195–₹198 resistance zone. Volume & Strength: A breakout after a multi-week sideways range indicates potential trend reversal from the previous downtrend. Resistance Ahead: Immediate resistance near ₹208–₹212, which coincides with March swing highs. Major resistance at ₹225, then ₹240. Support...
Trend line Resistance: The price is approaching a descending trend line resistance drawn from the July 2024 highs. It is currently testing this line, indicating a crucial breakout or rejection zone. Immediate Resistance Levels: ₹181.50 (horizontal resistance) ₹187.63 (minor supply zone) ₹200.00 (psychological round level) ₹209.52 and ₹214.47 (major...
🔍 Chart Insights: Trend: Strong uptrend till April, followed by range-bound consolidation. Consolidation Range: Resistance: ₹1,920 (near-term ceiling) & Support: ₹1,790 Price is oscillating in a horizontal channel after a strong rally — a classic bullish flag or rectangle setup. ✅ Summary: This is a bullish continuation pattern. A breakout above ₹1,920 could...
Trend Breakout: The stock has broken out of a downtrend line and is now consolidating in a range. Range-Bound Zone: Support: ~₹2,760 Resistance: ~₹2,960 Price is moving sideways within this rectangular box, suggesting accumulation or indecision. ✅ Summary: Post-breakout consolidation = healthy sign. A decisive breakout above ₹2,960 can trigger bullish...
Trend Reversal: A clear downtrend breakout Support Levels: ₹733.00 (recent resistance turned support). ₹601.90 (long-term support zone). Resistance Ahead: Around ₹800–₹815 (psychological and historical resistance zone). Momentum: Strong bullish candles in the past few weeks indicate renewed buying interest. Sustaining above ₹800 could lead to further upside....
🔍 Key Highlights: ✅ Downtrend line breakout (blue): Price broke above a long-term falling trendline — bullish signal. ✅ Double bottom pattern (orange circle): Strong reversal setup near ₹525–₹540 zone. ✅ Successful retest: Price retested the breakout zone around ₹687–₹688 and bounced — confirming breakout strength. 📈 Technical Summary: Trend: Bullish reversal...
🔍 Key Observations: Downtrend Line Breakout: A long-term descending trend-line (marked in red) has been clearly broken. This breakout signals a potential trend reversal from bearish to bullish. Bullish Rectangle Breakout: A consolidation zone (highlighted with a rectangle) acted as a bullish continuation pattern. Price has broken out upwards from this...