Get started
SBI Breaks Head and Shoulders Pattern on 4H Chart – Time to Buy?SBI Breaks Out of Head and Shoulders Pattern – Pullback Entry Opportunity at ₹876 State Bank of India (SBI) has been forming a classic Head and Shoulders pattern on the 4-hour timeframe, and it has now successfully broken below the neckline, signaling a potential bearish move ahead. From a trading perspective, this breakout could present an opportunity for short sellers. A pullback or retest of the neckline around ₹876 could be an ideal entry point for those looking to ride the trend. If the pattern plays out as expected, downside targets are seen in the ₹845–₹850 range. As always, traders should monitor price action closely during the retest and manage risk accordingly, as false breakouts are always possible, especially around key levels.
NSE:SBINLong
by Kartik_Elkunchwar
Positional Setup for JIOFIN (Jio Financial Services Ltd) – 1D Ch 🟢 Current Market Price: ₹246.47 🟢 Change Today: +1.73% 📈 Technical Observations: The stock is showing signs of reversal from its recent bottom around ₹204–₹214. It has broken out above multiple resistance zones in the ₹232–₹246 range, showing strength. A breakout above ₹248–₹255 will confirm a short-term trend reversal. Next supply zones lie around ₹266, ₹277 and ₹306. ✅ Positional Trade Setup 🎯 Entry Zones: ✅ Current Levels: ₹245–₹248 ✅ Add More: On close above ₹255 (for confirmation) 📌 Targets: 🎯 Target 1: ₹266 🎯 Target 2: ₹277 🎯 Target 3: ₹305–₹310 📉 Stop-Loss: 🔻 SL: ₹232 (below support cluster & recent breakout zone) ⏳ Time Horizon: 3–6 weeks (for initial targets) 🧠 Technical Confluence: The stock is forming a rounding base pattern after a sharp fall — often a sign of trend change. Strong support seen at ₹232 & ₹214 — accumulation zone. Close above ₹255 will take it into higher zones with strong potential.
NSE:JIOFINLong
by RajputAmarjit
SBI: Inverse H&S BreakoutThe Inverse Head and Shoulders pattern is a bullish reversal chart pattern that signals a potential trend reversal from bearish to bullish. It consists of three key components: Structure of the Pattern: Left Shoulder: A price decline followed by a temporary rally. Head: A deeper decline forming the lowest point, followed by another rally. Right Shoulder: A decline similar in size to the left shoulder but not as deep as the head, followed by a move higher. Neckline: A resistance level that connects the highs of the two rallies after the left shoulder and head. The Inverse Head and Shoulders pattern in SBI, with a neckline at ₹783, indicates a potential bullish reversal. The stock has formed a well-defined left shoulder, head, and right shoulder, suggesting that selling pressure is weakening. The target price for this breakout is ₹900 calculated by measuring the distance from the head’s low to the neckline and projecting it upwards. If the stock sustains above the neckline, it could gain further momentum. However, traders should consider placing a stop-loss at 730 to manage risk in case of a failed breakout.
NSE:SBINLong
by TradingSutra
Nestle Crossing 200 EMASince FMCG Sector are defensive sector and moves aggresivly when market falls. Nestle after a long consolidation near the support area broke out the 200 EMA and now ready to move for a uptrend. Note: May not expected super rally if market moves rapidly because during bull markets, FMCG might underperform as investors chase higher-growth opportunities in other sectors. But can easily capture 10% return from the current point for swing traders who do MTF trades.
NSE:NESTLEIND
by amithrajrr
Refex Industries Ltd — Investment Note (April 2025)Refex Industries Ltd — Investment Note (April 2025) 📈 Stock Overview CMP: ₹455 Sector: Trading (Carbon, refrigerants, renewables, etc.) Market Cap: ₹5,877 Cr 52W High / Low: ₹600 / ₹125 📊 Technical Analysis Summary ✅ Multi-Timeframe View: Timeframe Structure Signal Daily Breakout with volume, EMA reclaim, RSI reversal Bullish Weekly MACD crossover likely, EMA support bounce Bullish Monthly Held 10EMA, strong reversal candle Bullish P&F Chart Breakout with target ~₹750 Strong Buy Entry Strategy: Buy Zone: ₹450–455 Stop Loss: ₹415 (swing low) Targets: T1: ₹520 (swing high) T2: ₹600 (52W high) T3: ₹750 (pattern target) 📊 Fundamentals Overview Metric Value Notes TTM Sales ₹1771 Cr Healthy revenue base TTM Net Profit ₹112 Cr Improving profitability EPS (TTM) ₹11.26 Strong earnings growth PE (TTM) 40.4x Slightly premium, growth priced in Book Value ₹77 Solid asset base ROE 23.84% Excellent return on equity Debt ₹97 Cr Manageable leverage Dividend Yield 0.1% Low (growth-oriented) ⚡ Final Verdict Refex Industries Ltd presents a strong technical setup aligned with improving fundamentals. While current valuations are slightly rich, high ROE, consistent growth, and bullish chart structure support a favorable risk-reward entry.
NSE:REFEX
by jebharathkumar
Positional Trade Setup: ICICI Bank Ltd (NSE: ICICIBANK)Key Technical Observations Current Price: ₹1,406.70 (Near key resistance) Key Levels: Support: ₹1,350 (Strong Base) → ₹1,300 (Major Swing Low) Resistance: ₹1,500 (Psychological Level) → ₹1,600 (2024 High) Trend Indicators: TEMA (5,9,20): Bullish alignment (short-term momentum intact). SuperTrend (10,3): Green line → Uptrend confirmation. Price Action: Consolidating near ₹1,400; breakout above ₹1,420 could trigger next rally. Fundamental Checks (Screener.in Recommended) Sector: Banking (Private Sector Leader) Growth Drivers: Loan book expansion (+15% YoY) Stable NIMs (~4-4.5%) Consistent ROE (~16-18%) Valuation: P/B ~2.5 (Fair for sector). Trade Execution Plan ✅ Entry Zone: Conservative: ₹1,380-1,400 (Dip near support) Aggressive: Above ₹1,420 (Breakout confirmation) 🛑 Stop-Loss: ₹1,320 (Below recent swing low) 🎯 Targets: ₹1,500 (7% upside) ₹1,600 (14% upside – Trail SL) ⏳ Holding Period: 1-3 months (Banking stocks trend with Nifty). Confirmation Signals Volume: Surge above 20-day avg on breakout. Sector Trend: Monitor Bank Nifty (support at 46,000). Earnings Date: Next quarterly results (check Screener.in). Risk Management Avoid if RBI hikes rates unexpectedly. Exit if price closes below SuperTrend line. Final Verdict: Strong technical structure + sector tailwinds = High-probability trade. Pair with fundamentals for conviction.
NSE:ICICIBANKLong
by RajputAmarjit