TIINDIA - Triangle formation on the dailyTIINDIA on the daily timeframe is forming a triangle pattern. Based on the Volume build up we have seen prior to this triangle formation and also how the price is currently consolidating above 3k level, I am expecting the stock to break to the upside.
As long as we do not close below 2970 on the daily closing basis, expect to see 3 targets
T1 - 3120
T2 - 3215 and
T3 - 3350
Stop loss - loss of 2970 on Daily closing basis
CMP is 3074. Risk is 96 points vs potential gain of ~(140 to 270 points)
Triangle Breakout Brewing in TCS?After completing a sharp five-wave rally that ended near 4592, TCS entered a classic zigzag correction. The drop from the top formed an A-B-C pattern where Wave A brought prices to 3913, followed by a corrective bounce to 4489 for Wave B, and then a strong decline to 3056 completing Wave C. This entire move looks like a textbook zigzag correction and marks a potential end to the correction.
From the low of 3056, the stock started to recover and formed a five-wave advance, which has been marked as a smaller-degree Wave 1. What followed next is quite interesting — instead of a typical zigzag or flat for Wave 2, price moved sideways and carved out a triangle. This triangle seems to have completed with Wave E ending around 3358.
Now, with the triangle complete and prices starting to move up again, it looks like Wave 3 might have just kicked off. The key level to watch on the upside is around 3642, which is the 0.382 retracement of the previous fall. If price crosses this, it would increase confidence in the bullish structure. The projected target zone for Wave 3 lies between 3933 and 4288, depending on how strong the move gets.
The entire setup remains valid as long as price stays above the 3056 low. If that breaks, the bullish count is off the table.
Chart will be updated as price action evolves.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Precision Wires India Ltd: Breakout + Fundamental Bullish SetupTechnical Analysis (Daily Timeframe)
Breakout Pattern: consolidation breakout with Strong bullish DOJI candle above ₹185–₹187
Volume Confirmation: with a spike in volume (767.6K vs avg 571.2K)✅ Yes
Trend: Strong uptrend; Higher Highs & Higher Lows
Bullish momentum intact Price above 20 EMA & 50 EMA
FUNDAMENTALS ANALYSIS : Company fundamentals are fully strong, company low debt and high reserves make it fundamentally strong
PROFIT & LOSS:
Company revenue increased YOY
Company net profit good
Profit Margin improved from 3.9% to 4.2% that is the good sign.
🔼 Steady revenue growth with increasing margins shows operational efficiency and cost management.
Fundamental Summary
Parameter Verdict
Earnings Growth : Consistent YoY
Financial Health : Excellent
Promoter Holding: Stable & high
Business Model: Stable & scalable
Trade conclusion:
Strong volume Breakout from Consolidation
Earning Growth and ROCE >15%
Debt free company with high promoters confidence.
Good Sector
📢 Disclaimer: Not investment advice. Do your own research (DYOR). This idea is shared for educational and tracking purposes.
JINDAL SAW | Breakout from Base – Trend Reversal in Play?Jindal Saw Ltd has shown a strong bounce from the ₹200–₹202 support zone after multiple tests. Today’s breakout candle above ₹227 is accompanied by higher volume, indicating potential trend reversal.
🔹 Previous structure: Prolonged downtrend
🔹 Structure shift: Higher low formed, followed by a breakout
🔹 Immediate Resistance: ₹240–₹245
🔹 If sustains above ₹227, move toward ₹260–₹280 possible in coming weeks
RSI also crossed 50 mark with momentum, supporting bullish sentiment.
🔎 Trade Setup (for study only):
• Entry: ₹231.90
• SL: ₹220 (below previous swing)
• Target 1: ₹245
• Target 2: ₹260
Disclaimer:
This analysis is for educational purposes only. This is not investment advice. Please consult with a financial advisor before making any trading decisions. Always do your own research.
BALUFORGE ANALYSISThanks for stopping by.
All analysis here is done strictly from an investor’s perspective — focusing on risk, return, valuation, and potential upside.
The notes cover key details. I’ve backed every thesis with my own analysis — no fluff, just what matters to investors.
If you find the idea useful or have suggestions, feel free to leave a comment. Always open to fresh insights.
Kind regards,
Psycho Trader
BANKINDIABANKINDIA – STRONG BREAKOUT ALERT!
The stock has given a decisive breakout on both daily and weekly timeframes, backed by strong price action. After a period of tight consolidation on smaller timeframes, BANKINDIA is showing clear signs of resuming its upward trajectory.
🔹 Risk–Reward Setup:
Risk: ~4%
Potential Upside: ~10%
The setup looks promising for momentum traders and positional players.
📌 Disclaimer: All posts are intended purely for educational and study purposes. Please consult your financial advisor before making any investment decisions. ⚠️
Trent Ltd: Breakout or Fakeout?Trent Ltd: Breakout or Fakeout? Someone’s positioning — the question is which side.
Trent Ltd remains one of the more resilient players in India’s retail landscape. While broader consumer sentiment remains mixed, the company continues expanding its footprint, especially through its Westside stores and fashion vertical. Recent earnings have been stable, and institutional interest appears to be creeping back in — confirmed by a steady rise in volume.
Technically, we’re at a decision point. Price is testing a major descending trendline drawn from the all-time highs. So far, no breakout — but signs of accumulation are building. All major EMAs (50/100/200) are below the price, putting buyers firmly in control. Volume is rising on bullish candles, with no signs of distribution. RSI is holding above 50, climbing steadily, and showing a healthy impulse without overheating — plenty of room left for upside.
The key setup: wait for a confirmed breakout above the trendline, then a retest, and only after that consider entering. Targets, based on Fibonacci levels, line up cleanly:
tp1: 6337.60 (0.618)
tp2: 7484.65 (1.0)
tp3: 8301.40 (1.272)
Until then — this is a watching game, not a trading one. Momentum is building, the structure is clean — but confirmation is king.
#BAJFINANCE - Pivot is 9169.25 | Target 9732.25 or 8606.25?Date: 28-05-25
#BAJFINANCE - Pivot point is 9169.25
#BAJFINANCE Upside Targets:
Target 1: 9544.40
Target 2: 9732.25
Target 3: 9943.38
Target 4: 10154.50
#BAJFINANCE Downside Targets:
Target 1: 8794.80
Target 2: 8606.25
Target 3: 8395.13
Target 4: 8184.00
Support: 8983.36
Resistance: 9356.55
WIPRO at Best Support !!This is the 4 hour chart of Wipro ltd.
WIPRO has a strong support zone in the 245–248 range.
WIPRO is forming a symmetrical triangle pattern, with a potential target of 268, which also aligns with the channel's resistance zone at 268-270."
If this level is sustain , we may see higher prices in Wipro !!
Thank You
Positional Setup for Laurus LabsCMP: ₹667.35
Breakout Level: ₹657–660 (now turned support)
Support Zones: ₹657, ₹618
Resistance Levels (next targets): ₹705–710, ₹735
Indicators:
Supertrend: ✅ Bullish
TEMA 5-9-20: ✅ Trending up
Volume/Price Action: Strong bullish candle post consolidation
📈 Technical View (Positional)
Laurus Labs has broken out above ₹657 resistance with strong momentum, closing near day’s high.
The chart shows a previous consolidation box (highlighted) followed by trend continuation—classic breakout setup.
Positional structure is bullish, with price holding above key moving averages.
🚀 Positional Targets:
Target 1: ₹705
Target 2: ₹735
SL (Closing Basis): ₹638