SWING IDEA - THE RAMCO CEMENTS Ramco Cements , one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals.
Reasons are listed below :
Cup and Handle Pattern Breakout : The price is breaking out from a classic cup and handle pattern, which indicates a continuation of the upward trend.
1050 Resistance Zone : This level has been tested multiple times and is now showing signs of a breakout, suggesting strong bullish sentiment.
2.5+ Year Consolidation Break : The stock is emerging from a prolonged consolidation phase, which often signals a significant trend reversal or continuation.
Bullish Engulfing Candle : A bullish engulfing candle on the daily timeframe highlights strong buying momentum.
Target - 1150 // 1215 // 1340
Stoploss - weekly close below 925
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Nse
SWING IDEA - EXCEL INDUSTRIESExcel Industries , known for its expertise in manufacturing specialty chemicals, is setting up for a possible swing trade with supporting technicals.
Reasons are listed below :
Breaking out 1600 Zone : The price has tested this level multiple times and is now set to potentially break through, signaling strength.
Trendline Breakout : A breakout following a period of consolidation at the higher end of the trendline suggests momentum building.
Highest Weekly Close Since 2019 : The recent price action reflects significant bullishness, closing at levels not seen in years.
Intact Trend : The formation of higher highs and lows indicates that the bullish trend remains solid.
Trading Above 50 and 200 EMA : The price action above these key moving averages on the weekly timeframe points to continued positive sentiment and support.
Target - 1920 // 2130
Stoploss - weekly close below 1425
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Wave C down in NIFTY seem to have started ...NSE:NIFTY is in ABC correction mode and seem to have completed B and now starting C down. The minimum requirement for C is around 23000 which is 61.8% of wave A. Other important levels are around 22500 and 22000, 78.6% and 100% of A respectively.
There might be pullbacks on the way down but all major swing highs should hold from here till we do at least 23K.
BEML Ltd: Bullish Breakout AnalysisUpdate:
BEML secured a ₹136 crore order from the Ministry of Defence, strengthening its fundamentals and boosting investor sentiment.
Technical Highlights:
Breakout Zone: Stock broke above ₹4,500 resistance with strong volumes, confirming bullish momentum.
Key Levels:
Support: ₹4,300 | ₹4,040
Resistance: ₹4,762 | ₹4,995 | ₹5,205 | ₹5,472 (Fibonacci target).
Trend: Higher highs and higher lows indicate a sustained uptrend.
Momentum: RSI in overbought territory suggests strong buying pressure, with potential minor pullbacks.
Outlook:
The technical breakout, combined with a solid fundamental catalyst, positions BEML for a potential rally toward ₹5,200–₹5,470. A stop-loss below ₹4,300 is advised for risk management.
Disclaimer:
This is for educational purposes only. Please consult a financial advisor before investing.
Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart:
Key Observations:
Resistance and Breakout Zone:
The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing.
A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move.
Support Level:
The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level.
Targets Identified:
Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620.
Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs.
Consolidation Phase:
The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout.
Targets:
Short-term:
A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1).
Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2).
Medium-term:
If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario.
Trading Plan:
Entry:
Enter on a breakout and sustained close above ₹3,620 with volume confirmation.
Stop Loss:
Place a stop loss at ₹3,500 (below the breakout zone) to manage risk.
Target Levels:
Short-term target: ₹3,883.
Medium-term target: ₹4,106.
Pullback Opportunity:
If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point.
Conclusion:
Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
City Union Bank Ltd. (CUB) AnalysisDetailed analysis of the chart and key levels for City Union Bank Ltd. (CUB) along with potential targets:
Key Levels:
Support Levels:
₹165–₹170: Recent breakout level (previous resistance turned into potential support). Any retest of this level could provide a buying opportunity.
₹120–₹140: Strong multi-year demand zone. The stock has bounced from this area multiple times in the past, making it a crucial support zone.
Resistance Levels:
₹190–₹195: Immediate resistance near the current price. This level could act as a short-term hurdle.
₹200–₹210: A historically significant resistance zone that aligns with prior peaks from 2022 and early 2023.
₹220: Next major resistance based on the last significant swing high (mid-2022).
Targets:
Assuming the breakout sustains and bullish momentum continues:
Short-term Target:
₹190–₹195: Test of immediate resistance.
₹200: Psychological and historical resistance level.
Medium-term Target:
₹210–₹220: If the stock sustains above ₹200, this zone is the next logical target, as it represents the previous major peak.
Long-term Target (Bullish Scenario):
₹240–₹260: If the stock continues its upward trajectory, these levels could act as long-term targets based on historical highs in 2019.
Risk and Stop Loss:
Stop Loss: Place a stop loss below the ₹165 level (previous breakout zone) to manage downside risk.
Pullback Level: A healthy pullback to ₹170–₹175 could provide better entry opportunities if not already in the trade.
Conclusion:
The stock is showing signs of a bullish breakout from a long-term downtrend. Sustaining above ₹185 and crossing ₹190–₹195 will confirm bullish continuation. Traders can aim for the ₹200–₹210 range in the short to medium term, while the ₹220–₹260 levels are achievable in the long run if momentum persists. Monitor closely for volume confirmation and price action near resistance levels.
Technical Analysis Report: Balmer Lawrie & Co. Ltd.Overview:
Balmer Lawrie & Co. Ltd. is showing key technical setups, offering potential trading opportunities. Here's a concise breakdown based on the daily chart analysis.
Key Observations:
1.Fibonacci Retracement:
The stock retraced to the 0.5 level at INR 225.00 and rebounded from the 0.382 level (INR 202.40).
2.Chart Patterns:
An inverse head-and-shoulders pattern signals potential reversal, with a target of INR 263.45 if INR 249.54 is breached.
3.Moving Averages:
Near-term support: 20-day EMA (INR 232.30) and 50-day EMA (INR 238.84).
Resistance: 200-day EMA (INR 245.56), aligning with the pattern neckline.
4.RSI Momentum:
RSI at 58.36 suggests mild bullish momentum, with room for upside.
Key Levels to Watch:
Resistance: INR 249.54, INR 263.45, INR 279.95.
Support: INR 238.00, INR 225.00, INR 202.40.
Potential Scenarios:
Bullish: A breakout above INR 249.54 could lead to INR 263.45 and potentially INR 279.95.
Bearish: A rejection near INR 249.54 may push prices back to INR 238.00 or lower.
Volume Analysis:
Rising volume indicates renewed buying interest, supporting a bullish outlook.
Conclusion:
Balmer Lawrie & Co. Ltd. is poised for a potential breakout above INR 249.54. Traders should monitor key levels closely and manage risk accordingly.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Conduct your own research before investing.
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis
SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level:
1. Fibonacci Levels:
The price previously peaked around ₹1,935.10, forming a possible double-top pattern.
It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds.
Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support.
2. Volume Profile:
The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point.
3 . Moving Averages:
The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level.
The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines.
Technical Indicators
1. Relative Strength Index (RSI):
The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound.
2. Volume Trends:
There has been a significant increase in volume during the recent pullback, indicating strong selling pressure.
Conclusion and Potential Scenarios
Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60.
Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450.
Trading Strategy
For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels.
For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower.
Note: Always consider market conditions and use proper risk management techniques.
SWING IDEA - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals.
Reasons are listed below :
Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest.
Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend.
50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment.
Volume Spike : A significant increase in trading volumes highlights growing investor confidence.
Target - 1190 // 1380
Stoploss - weekly close below 825
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CHAMBAL FERTILIZERSChambal Fertilizers , a leading manufacturer of fertilizers and agri-products in India, is presenting a compelling swing trade setup with strong technical indicators.
Reasons are listed below :
Break of Cup and Handle Pattern : A classic bullish continuation pattern indicating potential for a significant upside.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe highlights sustained buying pressure.
500 Zone Breakout : The price is attempting to break above the 500 resistance zone after consolidating near its all-time high, signaling strength.
Prolonged Consolidation Breakout : The stock is breaking out of a consolidation phase spanning over 3 years, suggesting a fresh trend initiation.
Target - 675
Stoploss - weekly close below 440
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
UNION BANK 1D TFNSE:UNIONBANK has formed a resistance zone with multiple touch points. If the stock breaks out the stock could traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PNB 1D TFIn the previous post we saw that NSE:PNB has been for a resistance zone, now the zone has been broken out and the stock is running in profit.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
MOTHERSON 1D TFNSE:MOTHERSON has formed a inverted flag and pole pattern. Once it breaks out with good volume and strong candle the stock could be traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFAs discussed in the previous posts NSE:JIOFIN , which came back after gaining liquidity from the demand zone is now forming a trend line with 3 touch points. The stock could be traded once it breaks out of the trend line. A good risk reward ratio of 1:1.5 can be gained from this trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
COAL INDIA 1D TFNSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected to move to the next lower demand zone.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
SWING IDEA - RATNAMANI MET AND TUBRatnamani Metals & Tubes, a leading manufacturer of stainless steel and carbon steel welded pipes and tubes, is showing a potential swing trade setup with several bullish technical signals.
Reasons are listed below :
3800 Zone Break Out : The 3800 level has acted as a strong resistance zone. The price is now breaking through this level, signaling the possibility of a continued upward move.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle indicates strong buying interest, suggesting momentum may continue.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, indicating overall bullish strength and long-term trend support.
Intact Trend : The broader trend remains intact, indicating that the current momentum is in line with the stock’s longer-term trajectory.
Gradual Increase in Volumes : A steady rise in volumes adds confirmation to the breakout, showing strong market participation in this move.
Target - 4270 // 4800
Stoploss - daily close below 3400
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its strong presence in regulated and emerging markets, presents a promising swing trade opportunity based on the following technical factors:
Reasons are listed below :
2100 Resistance Break : The stock has decisively broken the 2100 resistance level, signaling strength and potential for further upside.
Head and Shoulder Pattern Breakout : A classic bullish reversal pattern, indicating a continuation of the uptrend.
Bullish Marubozu Candle : A strong bullish candle on the daily timeframe showcases significant buying interest and momentum.
Trading Above Key Moving Averages : The price is comfortably above the 50 and 200 EMAs on the daily timeframe, reinforcing the bullish sentiment.
Target - 2390 // 2600
Stoploss - daily close below 2060
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
JSW STEEL 1D TFNSE:JSWSTEEL has formed a triangular pattern and is breaking it now. The stock can be traded if there is strong volume and a bullish candle and a Risk reward ratio of 1:1.5 can be made from this trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BANKBARODA 1D TFIn the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it broke down the resistance turned support, I took the entry. A good R:R was captured. Hence I just wanted to share this to you, so that we can trade such entries in the future together.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades