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JSW Steel: Climbing the Channel with Precision!Summary: JSW Steel has been steadily moving within a well-defined ascending channel since mid-2022. The stock has shown a disciplined pattern of higher highs and higher lows, with multiple rally phases of 18% to 30%, followed by orderly corrections. The overall technical structure remains bullish. Technical Highlights: Trend direction is clearly upward, confined within a rising parallel channel. Each rally phase has delivered 20–30% gains over 1–3 months. Pullbacks have consistently found support near the lower boundary of the channel. Volume tends to increase during upward moves, confirming buyer interest. Interpretation: The current 10% correction is in line with previous pullbacks and remains within the trend channel. As long as the price stays above the lower channel (₹940–₹960), the bullish setup remains intact. A move toward the upper channel (₹1,150–₹1,200) is probable if support holds. Outlook: In the short to medium term, this presents a favorable risk-reward opportunity for investors aiming to ride the next move higher. A breakdown below ₹900 would negate the bullish thesis and warrant reevaluation. Conclusion: JSW Steel continues to present a technically strong chart with repeated opportunities to buy on dips. As long as the channel remains intact, the stock is well-positioned for another upward leg. Ideal for medium-term investors with disciplined risk control. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions. The author does not hold any position in JSW Steel at the time of writing and has no financial interest in the outcome of this analysis.
NSE:JSWSTEELLong
by eggubonda
Weekly Range bound | 4H swingFellow trader, Eicher motors has broken the range bound market in weekly timeframe, and now the market is re-testing. Aggressive entry : Whoever enter the market immediately after the breakout Conservative entry : Whoever enter after the market re-test. The weekly range bound breakout target is 5684 & the SL for the same is 4548 Now in the re-test, there is a clear formation of a swing in 4H/1D timeframe, after a inverted H&S pattern breakout in 1H timeframe consider to enter the trade based on this swing. Considering the pattern of Weekly or 4H time frame trade can be taken, the SL and Targets are in the chart. The Risk : Reward ratio for the swing is 1:4.47 Sensibull : sbull.co
NSE:EICHERMOTLong
by the_paradox
ADITYA BIRLA CAPITAL LTD – Trend Reversal Breakout Trade🧠 Technical Highlights: Downtrend Channel Breakout: Clear breakout from a falling channel pattern Resistance Break: Strong breakout above supply zone of ₹204–₹210 Volume: Massive volume spike validates bullish strength RSI: Above 70, indicating strong momentum but not overbought yet 🟢 Buy Setup Buy Above: ₹219 (today's close confirms breakout) Stoploss: ₹204 (below the previous resistance/new support) Target 1: ₹235 Target 2: ₹248 Target 3: ₹260+ (swing/high-risk high-reward) 🔻 Sell/Short Setup (only if reversal) Sell Below: ₹203 Stoploss: ₹210 Target: ₹190, ₹178 📅 Timeframe: Short-to-Medium Term (2–6 weeks) 📊 Risk-Reward: ~1:2.5 For Education Purposes Only
NSE:ABCAPITALLong
by rmhetre15
Cup and Handle Pattern - CHALETCurrent Price and Recent Movement: As of the latest data, CHALET HOTEL is trading around ₹918 - ₹919. The stock has seen some positive movement recently, with a notable increase on May 13th, following the announcement of strong Q4FY25 results. Analyzing Your Cup and Handle Observation: Pattern Formation (January to Now): Multi-month consolidation, which can lend more significance to the pattern if it's well-formed. Breakout: You stated a breakout has occurred. To validate this, it would be helpful to identify the precise resistance level of the handle that was broken. Target of ₹1150 (250 Points): If the breakout happened in the ₹900-₹920 range, a target of ₹1150 would indeed represent a move of approximately 230-250 points. Key Considerations and Points to Watch: Breakout Confirmation: Volume: Was the breakout accompanied by a significant increase in trading volume compared to the average? Strong volume supports the validity of the breakout. Sustainability: Has the price held above the breakout level since it occurred? A failure to hold could indicate a false breakout. Handle Characteristics: Depth: Ideally, the handle should form in the upper half of the cup and shouldn't be too deep (typically not extending below the mid-point of the cup). Duration: The handle should be shorter in duration than the cup. Cup Depth: The projected target of a Cup and Handle is often estimated by measuring the depth of the cup and adding it to the breakout level. If the cup's low was around ₹700 and the handle's resistance broke around ₹900, the depth would be ₹200, projecting a target of ₹1100 (₹900 + ₹200). Market Context and Fundamentals: The recent positive price action was fueled by strong Q4FY25 results. Continued positive news or favorable conditions in the hospitality sector could support the upward momentum. Keep an eye on analyst ratings and target prices for Chalet Hotels. Recent reports have shown "Buy" recommendations with target prices around ₹1000-₹1017. Risk Management: Always have a stop-loss in place. For a Cup and Handle, a common placement is below the low of the handle. In conclusion, observation of a Cup and Handle pattern with a breakout on CHALET HOTEL aligns with a potentially bullish scenario. The target of ₹1150 is within a reasonable range based on the pattern's implications and recent positive developments. However, it's crucial to continuously monitor the breakout's confirmation with volume and ensure the price sustains above the breakout level. Keep an eye on overall market conditions and the company's fundamentals to gauge the likelihood of reaching your target.
NSE:CHALETLong
by sara54654
Cup and Handle Breakout - FINEORGFINEORG Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries. TARGET : ₹5500 TIME FRAME : 1 TO 3 month Bullish Implications of the Cup and Handle Pattern: Consolidation and Breakout: The Cup and Handle pattern typically forms after an uptrend, representing a period of consolidation (the "cup") followed by a smaller consolidation (the "handle"). The breakout occurs when the price moves decisively above the resistance level formed by the top of the handle, suggesting a continuation of the prior uptrend. Increased Buying Pressure: A good breakout, especially on strong volume, indicates that buying pressure has overcome the previous resistance, and more buyers are likely to enter, driving the price higher. Target Projection: A common method to estimate the target price after a Cup and Handle breakout is to measure the depth of the cup and add it to the breakout level. Factors Supporting Your Analysis: Well-Defined Pattern: The longer the pattern formation (February to May), the potentially more significant the breakout. Good Breakout Today: A strong breakout day adds conviction to the bullish signal. Ideally, this breakout would be accompanied by higher than average trading volume. Timeframe: Your 1 to 3-month timeframe is within the typical expectation for a Cup and Handle pattern to reach its target after a successful breakout. Key Things to Monitor: Breakout Confirmation: While today's breakout is positive, it's crucial to watch for confirmation in the coming days. The price should ideally hold above the breakout level and not quickly fall back below the handle's resistance. Volume: Continue to monitor the trading volume. Sustained high volume on subsequent up days would further strengthen the bullish case. Handle Integrity: The handle should ideally be a relatively shallow downward drift, typically in the upper half of the cup. A handle that is too deep might indicate more significant selling pressure and could weaken the pattern. Market Conditions: Keep an eye on the overall market sentiment and any news or events that could impact the specialty chemicals sector or FINEORG specifically. Stop-Loss Placement: It's essential to have a stop-loss order in place, typically below the handle's low or a recent swing low, to manage risk if the breakout turns out to be a false one.
NSE:FINEORGLong
by sara54654
Cup and handle Pattern - COCHINSHIP Target and Timeframe: Target of ₹2400 within a 3 to 6-month timeframe is a reasonable expectation based on the potential of a well-formed Cup and Handle pattern. Factors Supporting Your Bullish Case: Potential Breakout: If the price breaks decisively above the handle's resistance with good volume, it could signal the start of the move towards your target. Sector Dynamics: Consider the overall outlook for the shipbuilding and defense sectors, as positive news or growth in these areas could act as a tailwind for Cochin Shipyard. Company Fundamentals: While technical analysis focuses on price action, it's always good to have a basic understanding of the company's fundamentals. Positive earnings, order book, or expansion plans could support a bullish move. Things to Watch For: Breakout Confirmation: The breakout above the handle's resistance should ideally be accompanied by a significant increase in trading volume. This confirms strong buying interest. Handle Formation: Ensure the "handle" is a relatively short and shallow downward drift. A handle that is too deep or too long might weaken the bullish signal. Market Conditions: Overall market sentiment and broader index movements can influence individual stock performance. Be mindful of any significant market downturns that could impact Cochin Shipyard. Stop-Loss: It's crucial to have a stop-loss level in place below the handle or a recent swing low to manage risk in case the pattern fails to materialize or a false breakout occurs.
NSE:COCHINSHIPLong
by sara54654
1
PFIZER | 2x returns | Breakout of 3 year resistance| PFIZER | Monthly time frame Stock has been moving along the upward blue dotted parallel channel since listing in 1994 Stock has bounced from a recent “higher low” made in Mar 2023 Stock riding above 20-, 50- & 200-month moving averages RSI > 70, indicating solid bullish momentum MACD crossover extended and is above the 0 line, indicating bullish momentum Weekly time frame Stock has been following the rounded bottom formation for last 3 years Stock is trading near the white resistance trend line Double Breakout on the cards, from the rounded bottom formation + trend line Stock riding above 20-, 50- & 200-week moving averages Golden crossover just now completed RSI = 80, indicating aggressive bullish momentum MACD extending the crossover & above the 0 line, indicating bullish momentum Daily time frame Stock riding along the dotted white parallel channel since Jul 2024 Breakout possible if the stock crosses the white resistance trend line of 6100 Stock riding above 20-, 50- & 200-day moving averages RSI > 65, indicating bullish momentum MACD is well above the 0 line, indicating solid momentum Conclusion Entry: 6,200 Stop Loss: 5,000 Target 1: 7,867 Target 2: 10,614 Target 3: 13,361 Fundamentals ROCE = 22% {Ideal > 15} ROE = 16.1% {Ideal > 15} Stock PE (45) < Industry PE (48) {Stock not overvalued} Int Coverage = 57 {Ideal > 2} Debt to equity = 0.01 {Ideal value < 1} Promoter stake has remained consistent over the years > 63% FII and DII participation increased in previous 2 quarters
NSE:PFIZERLong
by shyamsrk2