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QUALITY POWERThis stock forming a **rounded bottom pattern** with a **bullish breakout**, which can be favorable for a long trade. ---*Technical Analysis** 1. **Rounded Bottom Formation (Cup Shape)** * The price action shows a smooth transition from a downtrend to an uptrend. * This is a classic **reversal pattern** signaling a shift from bearish to bullish sentiment. 2. **Breakout Confirmation** * The last few candles show strong bullish momentum breaking above the recent resistance level (horizontal line). * This breakout is accompanied by a significant **spike in volume**, validating the move. 3. **Moving Average (Blue Line)** * Price is consistently trading **above the moving average**, which is sloping upward – a bullish sign. this is a **20-day moving average**, often used to gauge short- to mid-term trends. 4. **Volume Analysis** * **Accumulation** is evident in the rising green volume bars leading up to the breakout. * Strong breakout candle with the **highest volume** in the visible chart — this adds conviction ### 📈 **Trade Setup (Long Bias)** * **Entry**: On close above the breakout candle or slight pullback to the breakout level (prior resistance acting as support) 400-410 * **Stop Loss**: Just below the breakout level or below the moving average ### ⚠️ Risk * Avoid chasing the price after a large breakout (above 410) candle unless a retest occurs. ENTRY 400-410 SL FOR POSITINAL 360 FIRST TARGET -520 RISK REWARD -1:2.2
NSE:QPOWERLong
by DEVA435
1
DAM CAPITAL STRONG WEEKLY BREAK OUTNSE: DAMCAPI | Timeframe: 1W (Weekly)** After a prolonged downtrend, **DAMCAP Advisors Ltd** is showing strong signs of a **bullish reversal** on the weekly chart: ### 📊 Technical Highlights: * ✅ **Massive bullish candle** this week with an **18.23% gain** — strong buying interest. * ✅ **Volume surge** confirms institutional activity. * 🔁 Price has broken above a **recent resistance zone** (marked in blue), suggesting a possible **trend reversal**. * 📉 Stock was in a steep downtrend but has **consolidated and is now bouncing** from a base. * 🔄 Formation resembles a **"rounding bottom"** or **early-stage cup**, hinting at accumulation. 📌 Levels to Watch: * **Resistance**: 270–275 zone (next hurdle) * **Support**: 220–225 zone (prior resistance turned support) * **Targets (Short-term)**: 290 / 320 (if momentum sustains) LONG TERM TARGET IS ALL TIME HIGH 🧠 Trading Plan: * **Positional Entry**: On dips towards 245–250 with SL below 220. * **Aggressive Entry**: Above 270 with confirmation and volume. * **Risk Management**: Trail stop loss as price moves in favor. ### 📢 Disclaimer: This is for educational purposes only. Not financial advice. Do your own research before investing.
NSE:DAMCAPITALLong
by DEVA435