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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
Cup and Handle Breakout in THOMAS COOK (INDIA) LTDTHOMAS COOK (INDIA) LTD is showing a classic Cup and Handle breakout pattern on the daily chart. 🔍 Chart Highlight Breakout from the Cup's rim around ₹169.93 level. Strong bullish candle with +7.61% gain, backed by higher volume. Price sustained above the 200 EMA (₹163.85). Next potential resistance: ₹197.29, a previous swing high. Levels to Watch: Support Zone: ₹163.85 – ₹169.93 (200 EMA + breakout retest zone) Resistance Zone: ₹197.29 (next swing high) If the price retests and holds above ₹169.93, it could offer a good risk-reward opportunity with ₹197+ as the near-term target. Keep an eye on volume and any pullback toward the breakout zone. ⚠️ Disclaimer: This idea is for educational purposes only and not financial advice. Please do your own research or consult your financial advisor before making any trading decisions. Markets carry risk — trade wisely!
NSE:THOMASCOOKLong
by jeet20
BAJAJ ELECTRIC technical analysis Stock Overview: Bajaj Electricals Ltd. (BAJAJ ELECT.LTD) on the NSE exchange, current price: 686.70 INR. The company is a leading Indian manufacturer and marketer of electrical appliances, lighting, and fans, along with engineering and project services. Key Levels: Support Level: 488.70 INR Swing Level: 589.05 INR Possible Upside Levels: 1,227.30 INR 1,427.70 INR 1,683.00 INR Technical Indicators: - RSI (Relative Strength Index): The RSI is currently at 40.55, indicating neutral momentum. The stock is neither overbought nor oversold, suggesting a consolidation phase. - Volume: Volume trends are crucial for assessing price movement strength. While the image does not explicitly show volume data, monitoring volume spikes can help confirm breakout or reversal signals. Sector and Market Context: Bajaj Electricals Ltd. operates within the consumer goods sector, focusing on electrical appliances and engineering services. The sector has shown resilience due to urbanization, rising disposable incomes, and government-led infrastructure initiatives. The broader market has been bullish, recovering strongly post-pandemic, driven by economic fundamentals and investor confidence. Bajaj Electricals Ltd. benefits from these trends due to its diversified product portfolio and strong brand presence. Latest News and Developments: - Market News: Bajaj Electricals Ltd. has announced a strategic partnership with a global firm to enhance product offerings and expand market reach. - Analyst Ratings: Analysts have provided mixed ratings, with some recommending a hold due to market conditions, while others see long-term growth potential. - Quarterly Results: The company reported strong revenue and net profit growth, attributed to robust consumer goods sales and successful engineering projects. - Dividends: Bajaj Electricals Ltd. has declared a dividend payout of ₹3.00 per share (150%), reinforcing its commitment to shareholder value. Analysis Summary: Bajaj Electricals Ltd. exhibits solid sector performance, supported by favorable market trends and strategic initiatives. The identified key levels provide a framework for potential price movements. The RSI suggests neutral momentum, indicating a consolidation phase. Investors should consider the company’s strong quarterly results and strategic partnerships as positive indicators for future growth. However, market conditions and volume trends should be monitored for informed decision-making.
NSE:BAJAJELECLong
by TechnicalAnalystSucrit
DIVI’S LAB Weekly Chart – Primary Wave (3) in ProgressDIVI’S LAB is progressing within Primary Wave (3) after completing Wave (2) near ₹2,732. Intermediate Wave 5 (in red) is in play, targeting ₹7,400–₹8,000. Broader Primary Wave (3) may extend towards ₹10,250 based on 1.618 projection. 🌀 Primary Wave Count (Black Circles): Wave (1): Topped near ₹5,607 Wave (2): Bottomed near ₹2,732 Wave (3): Now underway and aiming for extended Fibonacci targets. 📈 Primary Wave (3) Fibonacci Extension Targets: (Fib measured from Wave (1) low to high, and projected from Wave (2) bottom) 1.0 = ₹7,383 1.618 = ₹10,258 2.0 = ₹11,482 (not marked, but can be considered later) 🔴 Intermediate Waves Inside Primary Wave (3): 1.618 is the most common target in extended wave 3s of a primary degree. The red-labeled wave count is the internal structure of this ongoing Primary Wave (3). Wave 5 (red) is likely targeting ₹7,478–₹8,000 zone, which would then complete Intermediate Wave (3), not the larger Primary Wave (3). ✅ Conclusion: Wave (3) still has room to extend much higher. Key Target: ₹10,258 (1.618 Fib extension). Current move is driven by Intermediate Wave 5 (red) within the larger Primary Wave (3). 🧠 Summary: Stock: DIVI’S LAB Chart Type: Weekly (NSE) Structure: Impulsive rally in progress Current Position: Inside Primary Wave (3), completing Intermediate Wave 5 Primary Target: ₹10,258 (1.618 Fib level)
NSE:DIVISLAB
by chartgola