Medico Can it hold support line?Medico is on support line
RSI: below 35 showing weak strength. If it holds can move up to the resistance level marked on chart. Price closing below 200 and 50 EMA can retest 200 Ema in few days.
Sup 1: 44
Sup 2: 35
SRF Breakout After a Long Consolidation – What’s Next?Market Overview:
SRF has finally broken out after a prolonged consolidation phase that lasted from September 2021 to March 2025. This long period of sideways movement indicates a time correction, where price remained within a defined range (₹2,865 - ₹2,002) instead of a sharp decline.
Step-by-Step Analysis
1. Breakout Confirmation & Market Structure
📌 Previous Range: ₹2,865 – ₹2,002 (Time Correction Phase)
📌 Breakout Attempt (Jan 31): Price crossed the range high but failed to sustain.
📌 Swing Low Support: ₹2,764 held as a strong demand zone.
📌 Current Price Action: Price has successfully closed back at the all-time high, confirming strength.
✅ This signals institutional accumulation, increasing the probability of an uptrend continuation.
2. Trade Entry & Execution Plan
📊 According to the Darvas Box method, the breakout level lies between ₹3,000 – ₹2,900.
🔹 Entry Plan:
Aggressive Traders: Can enter within ₹3,000 – ₹2,900 for a swing trade.
Conservative Traders: Can wait for a retest near previous swing low before entering.
🔹 Stop-Loss Strategy:
Ideal Stop-Loss: ₹2,650 (Below recent support levels).
Adjust based on risk tolerance.
3. Profit Targets & Risk-Reward Ratio
📈 Projected Price Targets:
1️⃣ ₹3,500 – First swing target.
2️⃣ ₹4,375 – Second major target based on breakout momentum.
💡 Risk-Reward Calculation:
Entry (₹3,000 – ₹2,900)
Stop-Loss (₹2,650)
Target 1 (₹3,500) → Risk-Reward Ratio ~ 2:1
Target 2 (₹4,375) → Risk-Reward Ratio ~ 4:1
Final Thoughts & Caution
✅ SRF is showing strong bullish momentum after its long accumulation phase, making it a high-probability investment opportunity.
✅ A retest of previous resistance-turned-support can provide better confirmation.
⚠️ Risk Management is Key: Always analyze price action before investing and adjust stop-loss levels based on market behavior.
👉 Will SRF sustain this breakout, or is a deeper retest required? Let’s analyze further! 🚀📊
On January 31, the stock attempted to break its previous range high but failed to sustain, leading to a pullback. However, the price found support at ₹2,764 (previous swing low) and has reclaimed its all-time high, signaling strong bullish intent on the daily timeframe.
VIP Industries Trading Around Good SupportOn Linear chart one support zone is working after 64% correction,
The good Support level based on the log and linear scale chart is 277 to 245. If it breaks 250 there will be more downside till 160-145levels. There are other things also working on Log Chart as well.
ABB India Ltd. (NSE: ABB) - Technical Analysis & Market OutlookABB India Ltd. (NSE: ABB) - Technical Analysis & Market Outlook
Overview:
ABB India Ltd. has demonstrated significant price action over the past few years, with a strong uptrend followed by a corrective phase. The current price action suggests a potential reversal from key support levels, presenting an opportunity for long-term investors and swing traders.
Key Observations:
Support Zone: The stock is currently testing a major support level around ₹5000 - ₹5200 , which aligns with a previous accumulation zone and historical resistance-turned-support.
200-Week Moving Average: Price action is hovering near the 200-week moving average, which has historically acted as a strong dynamic support.
RSI & Momentum: The Relative Strength Index (RSI) has moved into oversold territory and is now showing early signs of a potential reversal.
Volume Profile Analysis: The highest volume concentration is observed around the ₹6000-₹7000 range, indicating a major supply zone where price may retest if a reversal occurs.
Price Structure: The formation suggests a higher low structure , which is a positive sign for bullish continuation.
Potential Trade Setup:
Entry : Around the current levels of ₹5100-₹5200 with confirmation of bullish momentum.
Stop-Loss : Below ₹4800, as a break of this level may invalidate the bullish thesis.
Target 1 : ₹7000 (previous consolidation zone & high-volume area)
Target 2 : ₹9000 (previous swing high & psychological resistance)
Conclusion:
ABB India Ltd. is currently at a critical juncture, with strong confluence of technical factors supporting a potential upside move. Traders should monitor price action closely for confirmation before entering. If the support holds, the stock has a high probability of reversing towards higher levels.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Conduct your own research before making any trading decisions.
Indusind Bank: A Massive opportunity in my view# Once in a decade kind of opportunity at 680 odd levels as on 17th March 2025
# Stock over reacted to the derivative accounting issue worth 2.35% of Networth
# The stock is available at 0.7 time fy 26 book value which is just a year from now.
# With GNPA at 2.5%, NNPA at 1%, CAR of 16% and a quarterly profit potential of 2500 crores on a b/s size of 6 lac crores, 1500 crores of expected loss is easily absorbable and a 27% reaction on 11th March for that was blown out of proportion.
# I am aware that ceo got only 1 year extension when board approved 3 years and there is a sudden discrepancy of 1520 crore which has come out of blue due to derivative hedging issue but we have seen such events in past and the valuation didn't breakdown to such ridiculous levels.
# For example ICICI Bank faced issues of CEO fraud, excessive lending to troubled corporates and yet it bottomed out at 1.2 times book Value.
# Another example is of Axis Bank when RBI found NPA divergence of 5600 crores worth over 10% of its networth at that time in June 2017. The stock fell only 9% that day and didn't went below 1.8 times book value. CEO sikha sharma didn't got any extension even though board approved 3 years of extension to her as CEO.
# The reason that I can imagine why IndusInd bank has reacted so violently is due to enormous amount of technical / momentum traders and strategies at play in market these days. Algo based trading coupled with leverage has created a scenario where even a slightest news is creating a monster reaction on downside when everyone is trying to exit at the same time. That is creating the price distortion I have not witnessed before.
# Once things settle the market will revalue the bank appropriately and in a years time it should be above 1650 levels valuing it at 1.5 time fy 27 book value.
Neutral or sell COLPALThis is a clear case of raised valuations across most of the stocks. As seen in the Revenue Grid indicator, this stock was trading at 8 to 10 of Price to Revenue ratio, but from July 2023 it suddenly started going up and went to 18 times it's Revenue per share. Why? God knows! :)
Now naturally coming back to it's historic valuation. To get to it's fair price, within a short duration, such as couple of months, levels of 2230 can be seen. Happy Trading :)
Sbi !! Ready to tak off !!??Sbi Holding 677 rs, we can expect for new high. Let's see how price unfolds.
Tata Motors !! What to expect ? ? All the way down or will it recover back. Lets see what time reveal.
JUBLFOOD | LONG REVERSALJUBLFOOD is currently at strong support and reversing from here.
The first hourly candle closed quite strongly and ever since then, the price has been forming HLs.
Long reversal position can be built up for a Target to 647 price level.
CoromandelCoromandel is gaining strength, trying to reach new high. 1975 can be seen as frst target. Keep eye!
#HINDUSTAN PETROLEUMA Demand Zone for Hindustan Petroleum (HPCL) refers to a specific price level on the stock's chart where buying pressure has historically been strong, causing the price to reverse or bounce upward. These zones are identified by areas where the price consolidated before making a sharp upward move, indicating a concentration of buying interest.
In the context of HPCL, a demand zone could represent a level where institutional or retail investors are likely to step in and buy the stock, either due to perceived value, support levels, or other technical factors. Traders often use these zones to identify potential entry points for long positions, anticipating a price reversal or continuation of an upward trend.
GODFRY PHILLIPS (GODFRYPHLP) BREAKOUT:Pattern Formation: Clear W-shaped double-bottom structure indicating a bullish reversal.
Breakout Confirmation: Price breaks above the neckline resistance with strong volume.
Retest Zone: Possible retest of breakout level before further upside.
Target Levels: Measure the height of the W and project it upwards for targets.
Stop-Loss: Below the neckline or recent swing low for risk management.
#LT Supply ZoneA LT Supply Zone (Long-Term Supply Zone) in trading refers to a significant price level on a chart where sellers have previously overwhelmed buyers, leading to a strong downward price movement. These zones are identified by areas where price has made a sharp drop after a period of consolidation, indicating a concentration of selling pressure. Traders often watch these zones for potential reversals or breakouts, as they can act as key resistance levels in the future. The concept is commonly used in supply and demand trading strategies.
HDFC 1706 Trend directionHDFC 1706 has hidden divergence. With support 1670 we expect a target of 1745
Asian Paints Weekly Elliott Wave Analysis – March 17, 2025The price action of Asian Paints (NSE: ASIANPAINT) has been following a clear Elliott Wave structure.
The stock completed a primary wave (3) at the peak, with a truncated 5th wave, indicating weakness in the final leg of the impulse.
It is currently undergoing a wave (4) correction, following a W-X-Y pattern, with the price moving lower towards the 1.618 Fibonacci extension target at ₹1,931.
The invalidity level is set at ₹1,297, below which the larger wave structure would need reconsideration.
Indicators like RSI and MACD are reflecting oversold conditions, suggesting a potential bounce or consolidation before further downside.
A confirmation of wave (4) completion would signal the start of wave (5) towards new highs.
📉 Key Levels to Watch:
Support: ₹1,931 (1.618 Fib Extension)
Resistance: ₹2,492 (Wave Y previous support)
Invalidation Level: ₹1,297
This wave count suggests that Asian Paints is nearing the end of its correction phase. A reversal from the target zone could set the stage for the next bullish impulse.
📢 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational and study purposes only. Any profits or losses from trading based on this analysis are entirely your own responsibility. Do your own research before making any trading decisions.
SRF: Breakout of Symmetrical TriangleA symmetrical triangle is a chart pattern in technical analysis that forms when the price consolidates with lower highs and higher lows, creating a converging triangle shape. This pattern indicates a period of consolidation before the price breaks out in either direction.
SRF stock has already given a bullish breakout. One should go long on the stock with Stop loss below 2550 for the measured target of 3475-80 zone.
SHRIRAM FINANCESince the low in January 2024, the stock has been rising impulsively and is currently trading within wave 3. This indicates that any pullback should remain above the 590 zone, with prices expected to continue trending toward 730 in the coming weeks to complete the wave-4 and wave-5.
OFSS Stock Analysis – Is a Reversal on the Horizon?🔍 **Current Price:** ₹7,328
📊 **Trend:** Downtrend with signs of potential support.
📌 **Key Technical Levels:**
✅ **Support Zone:** ₹7,200 – ₹7,188 (Holding strong)
✅ **Resistance Levels:** ₹8,569 (Fibonacci 23.6%), ₹9,394 (38.2%), ₹10,061 (50%)
✅ **Golden Zone:** ₹10,728 – ₹11,678 (61.8% - 78.6% Fib retracement)
📉 **Technical Indicators:**
✔ **Fibonacci Retracement Analysis** suggests a **pullback rally is possible** if the stock sustains above support.
✔ **200-Day Moving Average** is acting as resistance; breakout needed for trend reversal.
✔ **Risk-Reward Setup** indicates a bounce towards ₹10,000+ if momentum builds.
⚡ **Trade Plan:**
🎯 **Bullish Case:** Reversal confirmation above ₹7,400 could lead to ₹8,500-₹9,000 short term.
⚠ **Bearish Case:** Breakdown below ₹7,188 may push towards ₹6,558.
📢 **Traders Alert:** Keep an eye on volume and price action in the coming sessions! 🔥
Polycab India Ltd- Potential TargetsNSE:POLYCAB
Polycab India Ltd.,is retraced to 41% from its recent higher highs of 7794.95 and innear its buy zone. Script is below its all moving averages 10...200 days EMA.
Elliot wave analysis also supports to the idea of potentail buying interest as 8 wave cycle is completed at 4636.45
On daily chart Bullish Shark pattern is visible . Current market price is, at its Potential Price Reversal Zone (PRZ), and price trend reversal can unfold in coming days. It can be rewarding bet for aggressive traders with risk to profit of 1:3.
Entry at: 4918
Stoploss: 4236
Target-1: 5827
Target-2: 7605
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Axis Bank Short Position Axis bank has formed a Death Crossover on chart i.e 50 and 200 Ema Forming a Crossover leading to Downtrend of the prices . The price after making a lower high taking resistance from 50 EMA and now it is moving towards prev. low swing again and seems like it has weakness and could break trendline . Also there is a news Catalyst which is of Indusind Bank which will also help price to move towards low areas .
