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Cup and Handle Breakout | Strong Trend Reversal in PlayNSE:PREMEXPLN Analysis: This chart showcases a classic "Cup and Handle" breakout pattern — a powerful bullish reversal setup. After a prolonged downtrend, the stock formed a rounded base, retested the neckline zone near ₹500, and broke out with strong momentum and volume. Trendline Breakout: A long-term descending trendline has been broken, signaling a trend reversal. Cup Formation: A smooth, rounded bottom formed over several months indicates accumulation and base-building. Breakout Confirmation: A sharp breakout above the neckline resistance (around ₹500–₹510) with volume confirms the breakout. Target Levels: Price has already moved toward ₹606 and is now approaching ₹678 — the measured move target from the depth of the cup. Trade Setup: Entry: Ideal entry was near breakout of ₹510. Targets: ₹606 (hit), ₹678 (approaching). Stop-loss: Below ₹500 or trailing below recent swing lows for momentum trades. Outlook: The chart signals a strong reversal and momentum continuation. If ₹678 is broken, further upside potential opens up. HAPPY TRADING !!
NSE:PREMEXPLNLong
by thetradeforecast
1
“PRAJIND | Double Bottom Formation & RSI Reversal | Breakout Pattern Formed: A potential Double Bottom is forming around ₹445 zone – a classic reversal pattern indicating exhaustion of selling pressure. 🔍 Support Zone: ₹443–₹445 has been respected twice — making it a significant demand zone. 📊 Volume: Slight rise in recent candles with green strength, supporting buyers’ return. 📈 RSI Analysis: RSI has crossed above 50 (currently at ~57) — indicating building momentum from oversold region. 🎯 Levels to Watch: • Immediate Resistance: ₹520 • Breakout Confirmation Above: ₹520–₹530 • Targets Post-Breakout: ₹580 / ₹620 • Invalidation/SL Zone: Below ₹440 on closing basis 💡 Strategy: 🔹 Breakout traders can watch ₹520+ levels with volume confirmation. 🔹 Swing traders may consider entries on retest or pullback post breakout. ⸻ ⚠️ Professional Disclaimer: This analysis is shared purely for educational purposes and is not a buy/sell recommendation. Please consult your SEBI-registered financial advisor before making any investment decision. 📌 SEBI Research Analyst Registration – In Progress Finsight Research | #LearnBeforeYouEarn
NSE:PRAJIND
by ELEARNSTOCKTRADER
HDFC BANK S/R for 19/5/25Support 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:HDFCBANK
by zenthosh
TATA Tech Breakout: Inverted Head & Shoulder Targets ₹856+A bullish reversal pattern forming in Tata Technologies Ltd (TATATECH) on the daily timeframe. Pattern Identified: 📌 Inverse Head and Shoulders Pattern Left Shoulder: Price dips and recovers Head: A deeper dip followed by recovery Right Shoulder: A higher low and bounce Neckline: Resistance around ₹755 is tested multiple times Key Technical Insights: Breakout Above Neckline: Today's close above ₹755 confirms breakout Target Projection: Target = Neckline + Height (from Head to Neckline) Projected Target = ₹856+ Volume Confirmation (optional): Typically, volume should rise during breakout for stronger confirmation Sentiment: Reversal from downtrend to possible uptrend Bullish momentum expected to continue toward the ₹856+ zone
NSE:TATATECHLong
by TradZoo
CENTRAL DEPO SER (I) LTD – Supply Zone Test Price has entered a major supply zone (₹1,390–₹1,440). Strong BOS (Break of Structure) confirms bullish momentum. RSI supports strength; breakout looks likely on volume surge.📌 Trade Plan (Swing/Positional): Buy above: ₹1,445 (on breakout + closing basis) Stoploss: ₹1,365 Target 1: ₹1,580 Target 2: ₹1,720 Sell Below (Rejection): ₹1,360 (if price gets rejected at supply) 🔍 Technical Highlights: BOS and CHoCH indicate structure shift from bearish to bullish Currently testing supply zone after BOS Volume increasing with bullish candles RSI approaching overbought — breakout likely, but confirmation needed For Education Purposes Only
NSE:CDSLLong
by rmhetre15