Equity Research Update – Paras Defence and Space Technologies CMP: ₹1,143 | Upside Potential: High
Paras Defence has broken out of a strong resistance zone (~₹1,120–₹1,160), confirmed by significant volume and bullish momentum. The RSI shows strength above 70, indicating buyer dominance. Historical resistance, marked by previous rejections, may now act as strong support. If sustained, this breakout could lead to a fresh uptrend. Investors may consider accumulating on dips with a medium-term target of ₹1,300–₹1,350, keeping a stop-loss below ₹1,080.
Recommendation: BUY on Breakout Confirmation
For Education Purpose only
Syngene International Ltd – Key Technical Zone Identified! Big O🔍 SYNGENE International Ltd – Key Technical Zone Identified! Big Opportunity Brewing 🔥
📉 Context & Background:
Syngene International has seen a 36% correction from its all-time high, recently making a low of ₹612.25. This decline brings the price close to a crucial historical support area — the monthly swing low at ₹607.
Here's what caught our attention:
Between Nov 2020 and April 2023, the stock spent nearly 2.5 years consolidating around this same zone.
Now, price is revisiting this region again — and such zones rarely break without a fight.
This makes it a high-interest area where smart money could step back in.
🧠 Trade Thesis:
If the price breaks below ₹607, it opens the door to a deeper liquidity sweep — and the entry zone becomes:
✅ Entry Zone: ₹601 – ₹568
This is where we expect a sharp bounce-back, supported by the long-term price memory and previous consolidation.
🛡️ Stop-Loss: ₹530
This level is placed safely below the base of this zone, in case structure fails.
🎯 Profit Targets:
Target 1: ₹650
Target 2: ₹720
Short- to swing-term upside potential is solid with a favorable risk-to-reward ratio.
⚠️ Aggressive Trader's Option:
If you're experienced and can manage risk well, you may look to enter right after the monthly swing low (₹607) is breached, with tight control over your position sizing.
🧭 Why This Zone is Critical:
Price has touched this region multiple times over years, and acted as a major demand zone.
After a 36% correction, it's now at an area of maximum potential support.
Chances of price bouncing from this area are high, unless there's a major fundamental breakdown — which currently isn't visible.
🧠 Summary Table:
Component Details
Entry Zone ₹601 – ₹568
Stop-Loss ₹530
Target 1 ₹650
Target 2 ₹720
Strategy Type Swing / Short-Term Trade
Risk Level Moderate to Low (zone-based entry)
🔔 What Led Us to Post This Update?
Price near a long-term demand base (monthly low)
36% correction offers value
Technical history shows strong bounce potential
Structure still intact — not a panic drop
Setups like these offer limited risk and good upside for patient traders
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Equity Research Flash – Hexaware Technologies Ltd.CMP: ₹722.35 | Bullish Momentum Post Trend Reversal
HEXT shows a bullish breakout from a falling trendline, with RSI near 60 and strong volume uptick. The price reclaimed the 0.5 Fibonacci level, eyeing next targets at ₹749.85 (0.618) and ₹793.35 (0.786). Fundamentally strong with robust revenue growth, improving ROCE (26.4%), and low debt. A move above ₹750 could trigger further upside. Accumulate on dips with SL at ₹688.
Recommendation: Positive | Buy on Dips Near ₹700
For Education Purpose only
Equity Research Flash – BEML Ltd.CMP: ₹3,242.10 | Breakout From Falling Trendline
BEML has decisively broken out of a falling trendline and is now sustaining above a key consolidation zone. With strong bullish candles, a rising RSI, and healthy volume spike, the stock signals bullish momentum. Immediate resistance lies at ₹3,420–₹3,480. Sustained move above could target ₹3,750+. 20/50 EMA crossover supports the upward trend. Traders may consider entries on dips with SL near ₹3,080.
For educational purposes only
we can go long on tatamotors cmp 670-650we cango long on tatmotors its holding orderblocks level
expected upside range 980 to 1180++
go long cmp 670-650
stoploss - 580 ( almost 100 points)
1st target - 990 (320 points)
2nd targte - 1180 (510 points)
Risk to rewards - 1:3 and 1:5+
always follow the given stoplos level view are only long term holdings
Shorted HDFC BANKBanking sector is now overbought. It is NIFTY that is now catching up with BN. God knows when that will happen.
For now, HDFC BANK looks like the first from the index that's showing weakness.
Clear rejection from the Highs.
LH formations noticed.
There's also a massive gap that needs to be filled which was created between 11th April close and 15th April open. I've shorted HDFC BANK.
TGT - 1840
SL - 1960
P.S. Not a recommendation. Pls do your own due diligence.
IOL CHEM AND PHARMA 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.
MINDTECH (INDIA) LTD S/R Support 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.
Shorted DIVISLABDIVISLAB rallied last week and there was a major sell off almost immediately.
Now there is overall weakness with new LH formation.
The stock is pretty overbought which I feel makes it a good candidate for a reversal trade.
Hence, I've shorted it for a Target of 5800 price.
SL - Bullish closing above 6140
P.S. Not a recommendation. Pls do your own due diligence.
TATA Technologies Ltd view for Intraday 29th April #TATATECH TATA Technologies Ltd view for Intraday 29th April #TATATECH
Resistance 690 Watching above 691 for upside movement...
Support area 680 Below 680 ignoring upside momentum for intraday
Watching below 678 for downside movement...
Above 690 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ICICI Bank Ltd view for Intraday 29th April #ICICIBANK ICICI Bank Ltd view for Intraday 29th April #ICICIBANK
Resistance 1430-1435 Watching above 1435 for upside movement...
Support area 1420 Below 1420 ignoring upside momentum for intraday
Watching below 1417 for downside movement...
Above 1430 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Reliance Industries Ltd view for Intraday 29th April #RELIANCE Reliance Industries Ltd view for Intraday 29th April #RELIANCE
Resistance 1370-1375 Watching above 1377 for upside movement...
Support area 1350 Below 1350 ignoring upside momentum for intraday
Watching below 1347 for downside movement...
Above 1370 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
TATA Motors Ltd view for Intraday 29th April #TATAMOTORS TATA Motors Ltd view for Intraday 29th April #TATAMOTORS
Resistance 670 Watching above 672 for upside movement...
Support area 660 Below 660 ignoring upside momentum for intraday
Watching below 657 for downside movement...
Above 670 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
CIPLAA very good breakout has been given above the resistance level. Now uptrends can be expected. Sales are expected to continue if it falls below the resistance level
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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
Tata Consultancy Stock Chart Fibonacci Analysis 042825Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 3370/61.80%
Chart time frame:D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$NSE:BLUESTARCO trading within a range! Near support levels!NSE:BLUESTARCO is showing range bound movement with current levels near support. Overall company prospects over short and long term are good.
Given that P/E multiples are high, growth has been accounted for. Should remain in the range for sometime till P/E eases a bit (with Revenue and PAT growth).
Over longer term, even if the price comes down, it's a good buy bet IMO.
Review and plan for 29th April 2025 Nifty future and banknifty future analysis and intraday plan.
Quarterly results analysis.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT