Pattern: Falling Wedge breakout followed by consolidation (bullish continuation). Breakout Confirmation: Clean breakout from both the wedge and the consolidation box with strong volume. Indicators: Volume: Spike visible (🔵 arrow) – confirming strength. RSI: Crossed above 60 – entering bullish momentum territory. EMAs: Price trading above all major EMAs –...
After months of steady decline inside a falling channel, ICICI Prudential Life is showing early signs of reversal. The stock has recently broken out of its channel with a strong bullish weekly candle, closing at ₹571.70 with a +4.5% gain. Volume is picking up, and RSI is curling up above 40 with a bullish divergence—indicating momentum is building. Price is now...
A breakout above this zone with volume confirmation may trigger a bullish move, making it a buy recommendation if it closes above ₹11,850. The next target would be ₹12,050, with a stop loss at ₹11,690. However, if the price gets rejected at resistance, it could lead to consolidation—so wait for a decisive breakout before entry. for educational purposes only
📊 Chart Highlights: Current Price: ₹1,023 Fibonacci Resistance: Price is approaching the 0.618 Fib level at ₹1,027.60, which is a key resistance. Box Range: Trading within a consolidation box (approx. ₹940–₹1,030) — currently testing the upper end of the range. Volume: Volume is moderate; not a strong breakout candle yet. RSI: Trending upwards, nearing...
Tata Consumer Products Ltd has formed a **bearish harmonic Gartley pattern, completing at point D near the 1.395 Fibonacci extension—typically a reversal zone. RSI is near overbought, suggesting caution. Based on this technical setup, the stock may face **selling pressure**, making it a sell recommendation with a target of ₹1,040 and a stop loss at ₹1,135. If the...
MRP Agro Ltd shows strong fundamentals with significant revenue and profit growth, high ROCE (39.2%) and ROE (30.3%), and is almost debt-free, making it a financially sound company. Technically, the stock has bounced from a support zone with a bullish breakout from a falling wedge pattern, suggesting potential upside. Based on both technical and fundamental...
Chart Observations: Pattern: Price has been forming lower highs, suggesting a descending trendline resistance. There's a visible breakout attempt above this trendline now. Support Zone: Strong demand zone between 46,800 – 48,000, which was respected multiple times. Indicators: RSI is near the overbought zone, but not showing divergence. Volume has spiked on...