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SBIN - Inverted Head and Shoulder - BreakOut- DailyThe chart clearly depicts Inverted Head and Shoulders (H&S)**, which is a **bullish reversal pattern**. Here's the updated analysis for **SBIN (State Bank of India)**: --- ### 🧠 **Pattern Recognition: Inverted Head & Shoulders** - **Left Shoulder**: Formed in **early February 2025** - **Head**: Deeper low formed in **early March 2025** - **Right Shoulder**: Higher low formed in **early April 2025** - **Neckline**: Around **₹785**, which has just been **broken on strong volume** This pattern often marks the end of a **downtrend** and the beginning of an **uptrend**. --- ### 📏 **Measured Move Target** - Neckline Breakout Level: ₹785 - Depth (Head to Neckline): ₹104.75 - **Target = ₹785 + ₹104.75 = ₹889.75**, which aligns almost exactly with the marked level of **₹888.90** --- ### 🔍 **Volume Confirmation** - Volume has **increased notably** on the breakout candle, which is a **key confirmation signal** for H&S patterns. --- ### 🧱 **Support and Resistance** - **Breakout support (neckline)**: ₹785 - **Next resistance levels**: ₹888.90 → ₹912 - **Downside support zones**: ₹775, ₹680 (head base), and major at ₹620.70 --- ### 📌 **Summary** - ✅ **Inverted Head & Shoulders** pattern confirmed - ✅ Breakout above neckline with volume = bullish - 🎯 **Target**: ₹889 (approx 11.5% upside from breakout) - 🔄 Watch for potential retest at ₹785 for a low-risk entry ---
NSE:SBINLong
by VCharts_TA
NESTLEIND - Range Bound -Box BreakOut -DailyThis is a technical analysis chart of **Nestle India Ltd. (NSE: NESTLEIND)** on a **daily timeframe**, and here's a breakdown of what it's showing: --- ### 📊 **Price Action and Pattern** - **Range Bound (Accumulation)**: From around **November 2024 to mid-April 2025**, the price was consolidating between approx **₹2,135 (support)** and **₹2,342 (resistance)** — a classic **rectangle consolidation pattern**. - **Breakout**: The stock has recently **broken out of this range** and is currently trading around **₹2,416.60**, suggesting a **bullish breakout**. --- ### 🔍 **Measured Move** - The chart shows a **measured move target**: - Rectangle height: ~**₹210.85** - Breakout level: ~**₹2,342** - **Target price** after breakout: ~**₹2,555.75** (highlighted in green) This implies a potential **upside of 9%** from the breakout level. --- ### 🔊 **Volume Analysis** - Noticeable **increase in volume during the breakout**, which confirms the **validity of the breakout**. - Volume spikes have historically aligned with key price movements in this stock. --- ### 📌 **Key Levels** - **Support**: ₹2,342 (previous resistance), and below that ₹2,135 - **Resistance**: ₹2,555, and further up at ₹2,765 – ₹2,778 (previous highs) --- ### 🧠 **Conclusion** - **Bullish bias** post-breakout from the rectangular base. - Potential for move towards **₹2,555**, with **volume support**. - Traders might look for: - Pullback to ₹2,342 for entry - Tight stop-loss below support - Target near ₹2,555 or partial booking en route ---
NSE:NESTLEINDLong
by VCharts_TA
PPL PHARMA PPL PHARMA MTF MTF-Zone TREND MTF Analysis Logic Proximal HTF Yearly UP PPL PHARMA Yearly Demand DBR 143 HTF Half-Yearly UP PPL PHARMA 6 Month Demand RBR 167 HTF Qtrly UP PPL PHARMA Qtrly Demand BUFL RR 167 HTF Average UP 159 MTF Monthly Down PPL PHARMAMonthly Demand BUFL 194 MTF Weekly Down PPL PHARMAWeekly Demand BUFL 194 MTF Daily Down PPL PHARMADaily Demand DMIP DMIP 187 MTF Average UP 192 ITF 240M Down PPL PHARMA 240Mn Demand DMIP 189 ITF 180M Down PPL PHARMA 180 Mn Demand DMIP 213 ITF 60M Down PPL PHARMA 60 Mn Demand DMIP 213 ITF Average UP 205 Trade Plan BUY PPL PHARMA ENTRY-1 Entry-1 213 Entry-2 187 SL 185 RISK 29 REWARD 126 Target as per Entry 339 RR 4.4 Last High 307 Last Low 181
NSE:PPLPHARMALong
by pradyammm
Bajaj Finserv Ltd scending Triangle formation on the monthly📌 Trade Setup: Bajaj Finserv Ltd (NSE) Pattern: Ascending Triangle Timeframe: Monthly Signal: Approaching breakout of horizontal resistance zone ✅ Buy Recommendation Buy above: ₹2,075 (Monthly close above resistance confirms breakout) Aggressive entry: ₹2,035 (Current level with early risk) Target 1: ₹2,400 Target 2: ₹2,750 Target 3: ₹3,000+ (Long-term projection from triangle height) ❌ Stop Loss SL: ₹1,850 (Below recent swing low and trendline support) for educational purposes only
NSE:BAJAJFINSVLong
by rmhetre15
HDFC BANK: Consolidation Breakout of 48 months - is wait over?With Nifty reaching to 26k without the participation of HDFC bank made many investors un-comfortable. However now, Looks like the wait is about to over as Monthly Consolidation for almost 48 Months - 4 years is visibly broken but yet to give confirmation on candle close. If the April 2025 candle closes above consolidate area then it will further increase the possibility of 30% up move. DISC: Only for education purposes. Please consult your financial advisor before making any decision.
NSE:HDFCBANKLong
by trade_opportunities
AXISBANK – Classic Cup & Handle Breakout | Targeting 1280 & 1320🧠 Technical Analysis: AXISBANK has formed a textbook Cup and Handle pattern over the past few months. The breakout above the resistance zone around ₹1199 marks a potential start of a new bullish rally. 🔹 Cup Formation: Rounded bottom between Dec 2024 - Apr 2025 🔹 Handle Formation: Consolidation range in Oct - Dec 2024 🔹 Breakout Candle: Strong bullish candle with increasing volume 🔹 200 EMA: Price is now well above the 200 EMA, adding to the bullish bias 🎯 Targets: Target 1: ₹1280 Target 2: ₹1320 These levels are based on the measured move technique and previous swing highs. 🛡️ Support: Immediate support lies around the breakout zone near ₹1199 Next strong support is near ₹1090 (200 EMA) 📊 Volume: Breakout accompanied by a surge in volume confirms buyer interest and validates the pattern. 📌 Conclusion: AXISBANK is showing strong bullish momentum with a confirmed breakout from a well-defined Cup and Handle formation. As long as it sustains above ₹1199, the stock could potentially rally toward ₹1280 and ₹1320 in the coming sessions. 📅 Keep it on your radar for bullish continuation setups! Disclaimer: This analysis is shared purely for educational and informational purposes and should not be considered as financial advice or a recommendation to buy or sell any security. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Trading and investing involve risk.
NSE:AXISBANKLong
by jeet20
Bank of BarodaOne can make an entry in Bank of Baroda after breakout from cup and handle pattern. If you find this helpful and want more FREE forecasts in TradingView, ..... Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:BANKBARODALong
by milanpatel007
1
Shriramfinance 691- breakout - trend directionShriramfinance 691- Has given breakout after successfully completing pull back test. As signals are positive with hidden divergence we expect shriramfin will test 791 in coming days with support 640 . ** HSBC identifies five Indian stocks RELIANCE ICICIBANK TVSMOTOR Shriram Finance ADANIPORTS — as its top picks offering profit visibility ** Shriram Finance stands out for its superior asset quality; Adani Ports is a proxy for India's trade and infra growth, says HSBC
NSE:SHRIRAMFIN
by subravi