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IGIL 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:IGIL
by zenthosh
AMARAJARAJA#AMARAJARAJA, #EnergyStocks, #Bullish, #BreakoutRetest, #TechnicalAnalysis, #NSE ARE&M Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950, After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern. This setup often precedes a continuation of the prevailing trend. Why I'm Bullish: 🔹 Price retesting former resistance turned support at ₹950 🔹 Bullish market structure remains intact 🔹 Monthly bullish pin bar candle 🔹 Volume tapering on pullback – a bullish sign of consolidation Key Levels: 🔹 Support (Retest Zone): ₹950 🔹 Major Resistance / Target: ₹1775.95 ⚠️ Disclaimer: This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.
NSE:ARE&MLong
by mrsameofficial
High chance of PRAKASH-EQ to break ATH and make new highPRAKASH-EQ has traded in range for about 14 years ( from 2010 high to recent 2024 high ). This time the breakout is different because price has managed to break and trade above its crucial resistance zone. currently price of PRAKASH-EQ has taken support at the lower end of its long term resistance channel and there is high chance of price breaking its all time high. as and when price reaches near the upper band of its long term resistance band, it is expected to have a sudden and fast momemtum which will be volume supported. right now price is in value zone (for people planning for momentum breakout) but it is advised to carry this for the next 1-3 years to reap the benefits of compounding as always people are advised to trade as per their risk capacity.
NSE:PRAKASHLong
by ganeshanalysis
ANGEL ONE - Potential Cup Pattern Breakout!Timeframe: Daily (1D) Pattern: Cup Formation (shown with arc) Setup: Price is forming a classic cup pattern. The neckline (arc resistance) is near 2538.40. Price has recently approached but faced resistance around the neckline. Once the price breaks above the arc line with strong volume, a bullish breakout could be confirmed! Targets After Breakout: 🎯 Target 1: 2800 🎯 Target 2: 3000 Stop-loss suggestion: As per your risk management. Notes: Price is currently below the 200 EMA. For a strong confirmation, look for a close above the arc and the 200 EMA with volume spike. Disclaimer This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Trading involves substantial risk.
NSE:ANGELONELong
by jeet20
HDFC AMC – Bullish Flag Formation on Daily ChartHDFC AMC is currently exhibiting a bullish flag formation, a classic continuation pattern following a strong vertical rally. The recent price action is consolidating within a downward-sloping channel, typically seen as a pause before the next leg up. Key Technical Levels: Flag upper boundary (first resistance): Around ₹4,400 Flag high / prior resistance: ₹4,583.65 All-time high: ₹4,867.00 A breakout above the flag’s upper line could signal fresh buying momentum with the potential to first retest the flag high and possibly challenge the all-time high if the breakout sustains. Fundamentals Snapshot: Dividend Yield: 1.64% ROCE: 43.3% ROE: 32.4% PE Ratio: 37.09 (vs Industry PE of 20.70) Growth Metrics: Compounded Sales Growth: 10 Years: 13% Compounded Profit Growth: 10 Years: 19% Stock Price CAGR: 5 Years: 10% This combination of strong technical setup and solid financial performance suggests HDFC AMC remains a strong contender in the asset management space. Recent escalations along the India-Pakistan border have led to military confrontations, increasing uncertainty in the broader market. If tensions worsen, volatility may rise, and market sentiment could turn risk-off, impacting financial market. Traders should stay alert for any escalation news. Disclaimer: This post is for educational purposes only and is not financial advice. Please do your own research or consult a financial advisor before making any investment decisions. Market conditions and geopolitical developments can change rapidly.
NSE:HDFCAMCLong
by jeet20
PNB Breaks Out of Long Downtrend – Bullish Continuation SetupDescription: Punjab National Bank has broken out of a falling channel that lasted nearly a year. Price surged past the ₹105 resistance with strong volume (~60M), validating the breakout. RSI trending toward overbought confirms momentum. Prior resistance zone ₹102–104 may act as support on any pullback. As long as ₹100 holds, bias remains bullish. Targets: ₹115 / ₹124 Stop: Below ₹98 (invalidation level) Bias: Bullish continuation Timeframe: Swing (2–6 weeks) Disclaimer: This idea is purely for educational purposes and reflects a technical setup based on chart patterns and price action. It is not a recommendation to buy or sell securities. PSU banks can be volatile and sensitive to macro/policy triggers. Traders should manage risk independently, use stop-loss, and size positions based on personal risk tolerance. Always do your own due diligence before taking any trade.
NSE:PNBLong
by eggubonda
Weekly price action of Canara Bank (NSE).Technical Summary (as of May 31, 2025): Breakout Confirmed: The price has broken out above a descending trendline resistance, signaling a bullish reversal. Strong Weekly Candle: A large bullish candle (+7.04%) confirms strong buying interest. Resistance Levels: Immediate resistance at ₹120 Next major resistance at ₹126.59 Support Zone: ₹102–105 (previous resistance, now potential support) Uptrend Structure: Long-term trendline from 2022 remains intact and supportive. 🔎 Outlook: Bullish bias in the short to medium term, especially if the stock sustains above ₹114. Watch for profit booking near ₹120–126.59.
NSE:CANBK
by advaitwealthmatrix
"Bullish on AMARA RAJA ENERGY – Price Retesting Key Support Zone#AMARAJARAJA, #EnergyStocks, #Bullish, #BreakoutRetest, #TechnicalAnalysis, #NSE NSE:ARE&M Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950 , After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern . This setup often precedes a continuation of the prevailing trend. Why I'm Bullish : 🔹 Price retesting former resistance turned support at ₹950 🔹 Bullish market structure remains intact 🔹 Monthly bullish pin bar candle 🔹 Volume tapering on pullback – a bullish sign of consolidation Key Levels: 🔹 Support (Retest Zone): ₹950 🔹 Major Resistance / Target: ₹1770 ⚠️ Disclaimer: This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.
NSE:ARE&MLong
by umesh.trivedi2596
"MSTC Ltd Chart Analysis – Bulls in Control!"#MSTC, #Bullish, #NSEStocks, #Breakout, #ChartAnalysis NSE:MSTCLTD is showing a strong bullish setup on the daily/weekly chart. After a period of consolidation, the stock has formed a solid base around ₹ . The recent price action suggests accumulation, with higher lows and strong volume on green candles. FUNDAMENTALY ALSO LOOKS GOOD. ⚠️ Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Trading and investing involve risk, and past performance is not indicative of future results.
NSE:MSTCLTDLong
by umesh.trivedi2596