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HDFC BANK can move 5th wave upHDFC Bank is currently in the last (5th) wave of an uptrend. This wave is moving inside a narrow, rising wedge pattern called an ending diagonal. The price can move higher towards ₹2,050–₹2,100 before the trend finishes. If the price breaks below the bottom of the wedge pattern (ending diagonal), it could confirm a trend reversal, likely leading to a correction. After the peak, the chart suggests a three-step drop (A, B, and C waves), with possible support around ₹1,910 and then ₹1,850. The RSI (Relative Strength Index) is around 53, meaning the trend isn't overbought or oversold yet. In short: The uptrend is close to ending. Watch for a break below the wedge—this could start a move down toward ₹1,910 first, then maybe ₹1,850.
NSE:HDFCBANKLong
by siddhantsamaiya
SAMMAAN CAPITAL LTD. trading in a consolidation zone.Sammaan Capital Ltd. is currently in a decisive zone on the weekly charts. For a trend change confirmation: Short-term traders: Wait for a weekly close above ₹145. Long-term investors: Look for a sustainable breakout above ₹175 to target the ₹280–₹300 zone. Bearish bias: A close below ₹100 can signal further weakness. Given the weekly timeframe, these moves may take time to materialize. Closely monitor weekly closes and volumes for early indications of a trend shift.
NSE:SAMMAANCAP
by siddhantsamaiya
**Tega Industries – Breakout Setup (Cup with Handle Pattern)****Tega Industries – Breakout Setup (Cup with Handle Pattern)** **Chart Pattern Identified**: A **Cup with Handle** formation has been identified on the daily/weekly chart of **Tega Industries**, signaling a potential bullish breakout. This classic continuation pattern typically leads to strong upward moves once the handle breakout is confirmed. --- ### 🔍 **Breakout Levels and Price Targets** 1. **Primary Breakout Level – ₹1660** * This marks the neckline of the **Cup with Handle** formation. * A confirmed breakout and tgt ₹2,145 would validate the pattern. (based on the measured move from the depth of the cup added to the breakout point) 2. **Secondary Breakout Level – ₹1,875** * Acts as a **pre-breakout resistance** or consolidation level. * A **daily or weekly close above ₹1,875** with strong volume would indicate early momentum and buyer interest. * **Target after this level is breached**: ₹2,145 (primary breakout zone), and if sustained, an extended target of **₹2,530**. --- ### 📌 **Technical Outlook** | Level | Significance | Action | | ------ | ------------------------ | --------------------------------------------------- | | ₹1,875 | Secondary breakout level | Watch for strong close with volume; bullish trigger | | ₹1660 | Cup with handle breakout | Key confirmation zone; breakout of pattern | | ₹2,530 | Extended target | Projected move after full breakout confirmation | --- ### 📈 **Trade Strategy** * **Entry Option 1**: Anticipatory buy near ₹1,875. * **Entry Option 2**: Breakout confirmation buy above ₹1875 with higher risk-reward toward ₹2,530. * **Volume Confirmation**: Essential at both ₹1660 and ₹1875 levels. * **Stop-loss**: Dynamic trailing stop-loss below handle lows or breakout support zones depending on entry. --- ### ⚠️ **Risk Management & Considerations** * Ensure confirmation via **volume expansion** and **daily/weekly close** above key breakout zones. * Be cautious of false breakouts, especially if moves happen on low volume or during broader market weakness. * Monitor sectoral momentum (capital goods, engineering, or mining equipment) as it may influence breakout strength. --- Would you like me to generate a chart snapshot or help you set up price alerts or trading logic based on this setup?
NSE:TEGALong
by rakeshdalal419
DENTA – SMC & Breakout Structure Analysis (Jul 2025)Accumulation/Distribution: Long consolidation near ₹270–₹311 Break of Structure (BOS): Trendline breakout + recent close above prior top Neutral toward Bullish: Awaiting volume and price action confirmation to validate trend shift 1. Defined Range Structure Support ~₹270 (red line) holding over 4+ months Resistance ~₹311–₹315 (blue line) tested multiple times before today 2. Possible Breakout Attempt Price has breached the descending trend line—an early mark of bullish structure shift Close is marginally above resistance, but lacks volume confirmation for breakout validation 3. Volume & Confirmation No substantial volume spike yet—breakouts typically require accompanying volume Watch for multi-session closes above ₹315 with sustained volume to support continuation 4. Pullback as an Opportunity Retracing into ₹305–₹310 could form a higher-low Such a move would align with healthy trend behavior, offering clearer structure and stronger validation
NSE:DENTALong
by himanshushourabh
SPORTKING INDIA LTD – Inverted Head & Shoulders Pattern The weekly chart shows a classic **inverted head and shoulders** formation: - 👈 **Left Shoulder**: Shallow trough - 🔽 **Head**: Deep central low - 👉 **Right Shoulder**: Higher trough mirroring the left Price action around ₹132.48 suggests a potential **bullish reversal**, indicating that the prior downtrend may be bottoming out. A breakout above the neckline would typically confirm upward momentum—worth watching for volume confirmation and resistance levels. Let me know if you’d like projected targets or neckline levels next!
NSE:SPORTKINGLong
by TechnicalAnalystSucrit