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"Bullish Breakout Alert: Karnataka Bank Eyes Higher Levels!"NSE:KTKBANK Karnataka Bank is showing a strong bullish setup . I drew a box near the bullish trendline — and now that the price has broken out of the box, the trade is confirmed. 📈 Strategy: Trendline support + Box breakout confirmation ✅ Entry: After box breakout 🎯 Target: 232 – 245 🛡️ Stop-Loss: 192 (below support zone) Ideal setup for swing traders. 💬 What’s your view on Karnataka Bank? This is not financial advice. DYOR. 📌 Financial Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice, investment recommendation, or a solicitation to buy or sell any securities. Please do your own research (DYOR) and consult with a qualified financial advisor before making any trading or investment decisions. Trading and investing involve risk, including the risk of loss.
NSE:KTKBANK
by umesh.trivedi2596
IMAGICAAWORLD LTD – Elliott Wave Analysis (Weekly Chart)Wave Structure Identified: 🖤 Primary Wave: Black numbers – currently unfolding Wave (2) correction. 🔵 Intermediate Wave: Blue numbers – Intermediate (1) was an extended leading diagonal. 🔴 Minor Wave: Red numbers – used within the diagonal of Intermediate (1). Current Zone = Correction Opportunity: This is Primary Wave (2) correction. Price is in a value accumulation zone between 50 & 200 EMA on the Weekly chart. Ideal accumulation above ₹60 for long-term investors. Buy Zone and Risk Management: Best to accumulate above ₹60. Important support at ₹53.16 – acts as a stop-loss or invalidation level. Volume and MA structure suggest stability in this range. Target Projections (Fibonacci levels from Wave 1): 0.382: ₹93 0.5: ₹105 0.618: ₹116 1.0: ₹154 1.618: ₹215 Investor Tip: This is the 2nd correction zone – often a golden opportunity to accumulate before Wave (3). Summary: IMAGICAAWORLD is currently in Primary Wave (2) correction after completing an extended Intermediate Wave (1) in a leading diagonal pattern. The stock is trading in a value zone between the 50 and 200 weekly moving averages — a key area for smart accumulation. Holding above ₹60 keeps the bullish structure valid, with support around ₹53. The next potential targets lie between ₹93 and ₹215 based on Fibonacci projections. This second correction phase offers a strong long-term opportunity for investors willing to study both technical and fundamental aspects. Do your due diligence – study fundamentals alongside the chart for conviction.
NSE:IMAGICAA
by chartgola
Positional Setup – Transrail Lighting Ltd (CMP ₹637.65)🔍 Current Price Structure: CMP ₹637.65, showing a strong uptrend over the past few weeks. The stock has rallied sharply from around ₹430–₹440 levels since early May, forming a parabolic move. Currently testing the previous swing high zone (~₹640–₹660) from January 2025. ⚙️ Technical Outlook: Strong momentum with minimal pullbacks in recent candles. Volume confirmation is key – if volumes sustain or increase, the uptrend may extend. Some resistance expected near ₹660–₹680 (previous rejection zone). Short-term consolidation likely before another leg up. ✅ Positional Trade Plan Parameter Level 🎯 Entry ₹630–₹640 (partial) or on dip 🛑 Stop Loss ₹580 (below recent swing low) 📈 Target 1 ₹700 📈 Target 2 ₹760+ ⏳ Timeframe 3–5 weeks 🧠 Setup Rationale: Price has broken out of base and retraced to retest earlier highs. If sustained above ₹640 with strength, momentum can take it towards ₹700+. Tight SL advised due to sharp prior rally and risk of profit booking.
NSE:TRANSRAILLLong
by RajputAmarjit
ANGELONE Breakout Trade Setup – Weekly Chart TargetsAngel One Ltd (BSE: ANGELONE) – Breakout Setup with Bullish Price Targets The stock has broken out of a long-term descending trendline resistance on the weekly chart, signaling a potential trend reversal. The breakout is supported by strong bullish momentum and volume, indicating growing buyer interest. 💡 Technical Highlights: Clear breakout from descending trendline. Strong weekly candle with over 13% gain, confirming bullish sentiment. Price has surpassed key horizontal resistance near ₹3,150–₹3,200 zone. 🎯 Targets: First Target: ₹4,165.25 (Upside of ~34.39%) Second Target: ₹4,897.90 (Upside of ~41.28%) This setup offers a strong risk-reward opportunity for swing traders and position traders, provided the breakout sustains. Keep an eye on retest levels around ₹3,150 for potential entries. 📅 Chart Timeframe: Weekly 📈 Trend: Bullish 🔎 Watch Levels: ₹3,150 (support), ₹4,165 / ₹4,897 (resistance/targets)
BSE:ANGELONELong
by itisbasha
FAIRCHEM ORGANICS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:FAIRCHEMOR
by zenthosh
RELIANCE LTD – 1H TIME FRAME ANALYSIS📊 NSE:RELIANCE – 1H TIME FRAME ANALYSIS A symmetrical triangle pattern is forming on Reliance's 1-hour chart, showing a consolidation phase. This pattern is neutral in nature, meaning a breakout can occur in either direction, but the setup provides a great opportunity for a breakout trade. The price is now at the apex of the triangle, indicating a potential breakout in the upcoming sessions. Watch for a strong move backed by volume. TRADE PLAN : Chart Pattern: Symmetrical Triangle Timeframe: 1 Hour Stock: Reliance Industries Ltd (NSE) 🔼 Long Trade (Breakout above 1430.55) Entry: Above 1,430.55 (candle close with volume confirmation) Target 1: 1,458.35 Target 2: 1,479.35 Stop Loss: Below 1,417 🔽 Short Trade (Breakdown below trendline): Entry: Below triangle breakdown with strong red candle Target 1: 1,397.55 Target 2: 1,368.25 Stop Loss: Above 1,430 Note: Avoid entering during the triangle zone. Trade only post-confirmation of breakout/breakdown with volume. Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:RELIANCELong
by thetradeforecast
Canara Bank: Rounding Bottom Breakout in Progress!🚀 Canara Bank: Rounding Bottom Breakout in Progress! 🚀 📉 CMP: ₹111.8 🔒 Stop Loss: ₹104 🎯 Targets: ₹126 | ₹140 🔍 Why It Looks Promising? ✅ Rounding Bottom Formation ✅ Breakout Above Key Fibonacci 62% Level ✅ Sectoral Strength: Banking & Financials are poised to lead the next leg of the Nifty rally—and Canara Bank could be a key driver. 💡 Strategy & Risk Management 📈 Staggered Entry: Accumulate in phases near support for better risk control 🔒 Strict SL: Protect downside with a disciplined stop loss at ₹104 📍 Outlook: Strong technical breakout with sector tailwinds makes Canara Bank a compelling swing and positional trade setup. 📉 Disclaimer: Not SEBI-registered. Please conduct your own research or consult a financial advisor before investing. #CanaraBank #BankNifty #BreakoutTrade #FibonacciLevels #SwingTrading #TechnicalAnalysis #StockMarketIndia #InvestSmart
NSE:CANBKLong
by satyam15