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Sheela Foam | ABC Correction Likely CompleteStock: Sheela Foam Ltd Chart Type: Weekly Current Trend: Reversal from C-wave bottom, after long ABC correction. Support: Strong base at Fib 0.786 (₹813.20). Volume: Surge near point C adds confirmation. RSI: Rising above 50 from oversold — bullish momentum starting. 📊 Resistance Levels: R1 (₹1040–₹1150): First test of structure R2 (₹1450–₹1550): Intermediate resistance near channel median R3 (₹1800+): Major supply zone + Fib retracement + channel top
NSE:SFL
by Pushpmegh
Jana SFB- Trendline Breakout + Base Formed –Fibonacci Extension Levels: 1.0 = ₹365.75 (key breakout base) 1.618 = ₹1,011.95 (potential target) Horizontal Support: Around ₹365–₹370 (marked by prior structure & 1.0 Fib level) Descending Trendline: Broken recently — this breakout indicates short-term reversal from downtrend. Volume Spike: Circled area indicates high volume + price bounce = potential reversal confirmation. Recent High: ₹495.35 Current Price: ₹486.75 🧠 Technical Observations: Trend Shift: Price has broken above a falling trendline and is now consolidating sideways above former resistance. This suggests accumulation after a breakout. Support Zones: ₹365–₹370 (Fibonacci 1.0 level + previous bottom) — very strong base support. ₹445–₹455 (recent consolidation zone) — short-term support. Target Zones (Based on Fib Extension): Mid-term: ₹565 (horizontal resistance) Long-term: ₹760 (swing high) Fib 1.618 target: ₹1,011.95 — optimistic projection, only valid in case of a strong trending move. 📉 RSI Analysis: Current RSI: 45.87 — weak, slightly bearish bias. RSI-based MA: 52.44 — RSI is below average, indicating loss of recent momentum. However, no bearish divergence seen. 📌 Summary: Trend: Shifted from downtrend to base-building and sideways consolidation. Breakout Confirmation: Seen with volume near the circled support, followed by gradual up-move. Current Phase: Likely accumulation/consolidation before the next move. Trigger Levels: Break above ₹500 could reignite bullish momentum. Hold above ₹445–₹455 is crucial to sustain structure.
NSE:JSFB
by Pushpmegh
Ujjivan SFB | Cup & Handle Breakout Setup Brewing – Watch✅ Pattern Recognition & Price Structure: Cup and Handle Formation: Two distinct cup-like bases are forming a larger “Double Cup & Handle” structure — a strong bullish continuation pattern. First cup (2020–2023): Already completed with breakout above mid-point neckline. Second cup (2023–2025): Currently approaching breakout zone. 📌 Key Levels: Major Resistance Zone: ₹57.45 – ₹63.00 Labeled as “Major Resistance, closing above this line and BOOM” — breakout above this level may trigger a strong upward momentum. Support Levels: ₹48.00: Current price zone acting as intermediate support. ₹31.53: Previous base — strong historical support. ₹22.20: 50% retracement level of a prior swing (Fibonacci). 🔍 Volume Analysis: Noticeable volume pickup during recent rally — suggests accumulation and bullish interest. Current volume: 49M 📈 RSI (Relative Strength Index): RSI (14): 64.22 → Bullish Momentum, not yet overbought. RSI is above RSI-based MA (58.11), confirming positive momentum and trend continuation. 📝 Summary & Outlook: Structure suggests a long-term bullish setup with high potential if the ₹57.45–₹63.00 zone is breached. RSI supports bullish strength; volume supports accumulation. Closing above ₹63 could confirm the breakout from the larger cup & handle pattern — a BOOM scenario as marked. ⚠️ Caution/Watchpoints: Resistance zone around ₹57.45–₹63 is critical — repeated rejection here can cause short-term pullbacks. Watch RSI for any divergence near breakout zone.
NSE:UJJIVANSFB
by Pushpmegh
CG Power and Industrial Solutions with Strong Bullish Flag SetupCG Power and Industrial Solutions just landed its largest-ever single order a 641 crore contract from Power Grid Corporation of India Ltd (PGCIL) for high-voltage transformers and reactors The company, now under the Murugappa Group, reported consolidated FY25 revenues of 9,909 crore. However, annual profit dipped to 972.98 crore from 1,427.61 crore in FY24, despite a strong Q4 showing with a 17% YoY rise in net profit to 274.26 crore. - Inverse Head & Shoulders Breakout: The stock recently broke out of an inverse H&S pattern, a classic bullish reversal signal, with strong volume confirmation. Holding above 690 could push it toward 750 TO 800. Support & Resistance Levels - Support: 663–679 demand zone - Resistance: 694, 704 and 712 Trend Summary - Short-Term: Neutral to bullish - Medium-Term: Bullish bias if it sustains above 690 - Volatility: Elevated, so expect sharp swings
NSE:CGPOWERLong
by ACHARTS3108
WELCORP - A case study in smart money accumulationHypothesis: Historically, metal stocks have shown strong rallies following interest rate cuts. This is based on the premise that lower rates stimulate economic activity, driving demand for industrial metals and commodities. With the potential for a rate-cut cycle on the horizon, this creates an actionable setup for accumulation before a broader uptrend unfolds. Strategy: “Accumulate the Red” We propose an accumulation strategy tailored for this macro setup: Accumulate 5–10% of your intended position on every red daily candle where the stock declines by more than 1%. This allows for scaling into weakness, which historically has provided the best reward-to-risk entry points in these cyclical turnarounds. Why This Works Macro Tailwinds: Once interest rates peak, the cost of capital drops, benefiting infrastructure and industrial sectors. Sentiment Mismatch: Market tends to remain overly bearish during the initial leg of a pivot, creating undervaluation. Risk Management: Accumulating on red candles avoids chasing momentum and distributes entry risk.
NSE:WELCORPLong
by bharatbulls
1
HYUNDAI MOTORS LTD BREACHING ATHHyundai Motor India is one of the leading car manufacturers in the country, known for its wide range of vehicles—from hatchbacks and sedans to SUVs and electric cars. Some of its most popular models include the Creta, Venue, Verna, and the all-electric Ioniq 5. If Hyundai Motor India has broken past the 2000 mark it may setting their sights even higher. UBS has issued the most bullish call so far, with a target of 2350, citing strong capacity expansion, export momentum, and premium product positioning. Other projections suggest a broader range between 2291 and 2328, depending on market conditions and quarterly performance.
NSE:HYUNDAILong
by ACHARTS3108
MEGASTAR FOODS 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:MEGASTAR
by zenthosh