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IDFC First Bank : A huge milestone since July 2024IDFC First Bank : A huge milestone since July 2024 ,moving to a buy trajectory ,moving up above a Supertrend first time Since July 2024 and if it manages to close at the level at the end of the day today.. MACD also is progressing well Resistance bands are clearly visible on the chart. Still under 200 SMA which will be another milestone when it crosses that. ( Not a Buy / Sell Recommendation Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
NSE:IDFCFIRSTBLong
by drdevanshu
Adani Enterprises - Breakout in Progress?The stock has been consolidating below a resistance level for several weeks. Today, it has given a breakout above the trendline resistance with good volume. This breakout could trigger a potential uptrend. 🔹 Target & Resistance: Target: ₹2,654.70 (+13.49%) Resistance Level: ₹2,654.70 (marked in purple) 🔹 Volume Confirmation: The breakout is supported by increasing volume, indicating strong buying interest. If the stock sustains above the breakout level, we might see a strong upward move. 🔹 Trading Plan: ✅ Entry: On breakout retest or sustained move above resistance 🎯 Target: ₹2,654.70 🛑 Stop Loss: Below breakout zone 📢 Conclusion: A successful breakout and close above this level could confirm bullish momentum. However, traders should watch for retest and price action confirmation before entering.
NSE:ADANIENTLong
by ProfitLossMereSath
DMART Bearish Butterfly Pattern with Divergence🔍 Pattern Identified: Butterfly Bearish Harmonic Pattern complete near the top. The right shoulder of the pattern has shown Positive Divergence: On Awesome Oscillator (AO) — price made higher highs while AO made lower highs. On Volume — clear divergence showing weakening momentum even as price tried to rise. These are strong early warning signals that smart money is exiting. 🧠 Technical Confluence: 📉 Bearish Divergence: Suggests exhaustion of bullish momentum. 📐 Harmonic Pattern Target: Typically, butterfly patterns suggest: Target 1 at 38.2% retracement of leg CD. Target 2 at 61.8% retracement or more — you have identified this beautifully with a likely target near ₹3800. 📊 Impulse Wave Forecast: Your projected 5-wave Elliott impulse indicates a sharp, fast corrective leg is expected. Wave I and III are typically the strongest — if wave I begins soon, the fall could be steep. 🎯 Key Levels: Immediate Resistance: ₹4180–4200 zone (top of butterfly). Breakdown Trigger Zone: Below ₹4100–4080 can accelerate fall. Support Levels: ₹4000 (psychological & previous structure) ₹3900 (near wave iii completion) Final Target Zone: ₹3800 – aligns with the butterfly harmonic projection. ⏱ Time Expectation: You mentioned 2–3 days for the full fall — this is reasonable given: "Volume divergence indicates smart selling is already happening. Once the neckline or structure breaks, algo selling may kick in, pushing the price rapidly toward the target." 📌 Conclusion: Bearish bias is very strong based on pattern + divergence. Expecting a sharp move toward ₹3800 in a short period. High probability trade setup with clearly defined entry, stop-loss, and target. ⚠️ Disclaimer: This is not investment advice. The analysis is for educational purposes only. Please consult your financial advisor before making any trading or investment decisions. Trading in the stock market involves risk, and you should trade or invest only based on your own judgment.
NSE:DMARTShort
by shiva560060
Solid trade idea for Jai Balaji Industries Ltd (NSE: JAIBALAJI)Chart Summary 📊 (as of April 2, 2025) Current Price: ₹139.77 Support Zone : ₹132–₹134 (marked in red on your chart) Resistance Zone: ₹150–₹155 (immediate), then ₹175+ RSI: 49.05 — Neutral, poised for either reversal or consolidation breakout Structure : Sideways consolidation after a strong downtrend; forming a potential base Trade Idea 🛠️: Positional Swing Trade (Risk-Reward Based) Buy Zone ₹138 – ₹141 Stop Loss ₹133.70 (as per chart) Target 1 ₹155 Target 2 ₹175 Target 3 ₹223 (as per chart idea) Risk-Reward ~1:3 (excellent) Why This Setup Looks Good ? 🎯 ✅ Price holding above key support (~₹134) for several sessions ✅ RSI is stabilizing near 50 — ideal for pre-breakout build-up ✅ Volume remains in check — accumulation possible ✅ Reward-to-risk ratio is favorable if SL holds 🔔 Trigger for Entry You can enter gradually in the ₹138–₹141 zone Watch for a break above ₹143–₹145 with volume → confirms breakout Avoid trade if price closes below ₹133 with red candle and volume
NSE:JAIBALAJILong
by MyT_Trader