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RELIANCE- MOTA BHAI ALWAYS MAKES MONEY FOR YOU!!!🔍 CHART ANALYSIS (Weekly Timeframe) 🟩 Trend & Price Structure: Long-term uptrend is intact (since 2020), though it underwent a correction starting in 2022. Price has respected a trendline support (dotted black), but recently broke below it and is now attempting a reclaim. There’s a clear breakout from a falling wedge (pink trendline), which is a bullish reversal pattern. 📊 Key Levels: Level Significance ₹1111 Historical support (marked as 3-year SL) ₹1300 New proposed stoploss post-breakout ₹1376 Previous resistance zone (now near breakout zone) ₹1608 Recent high (multi-month resistance) ₹2101 Fibonacci 1.618 extension target ₹2060 1.618 fib extension (confirmed by label) 📈 Fibonacci Analysis: Fibonacci extension from previous impulse wave projects 1.618 at ~₹2060–₹2101. If ₹1608 is crossed with volume, next rally toward ₹2060–2100 looks probable. 🔁 RSI (Momentum): RSI (14) = 62.02 – momentum is bullish but not overbought. No bearish divergence visible; RSI supports bullish continuation. 🔔 Volume Observation: Last few bullish candles show healthy volume participation, especially in breakout areas. Indicates smart money interest returning. ✅ SUMMARY OF INTERPRETATION: ✅ Breakout from falling wedge – positive signal. ✅ Reclaiming broken long-term trendline. ✅ New stoploss of ₹1300 is reasonable for medium-term. ✅ ₹1111 stoploss is ideal for long-term investor (3+ years), marking major structural low. 🚀 Potential target = ₹2100+ based on Fibonacci projection.
NSE:RELIANCE
by Pushpmegh
Fusion Microfinance | Fresh Breakout Above ₹190 | Swing SetupStock: Fusion Microfinance Ltd Timeframe: 1D (Daily) Fusion has successfully broken out above the ₹188–₹190 resistance zone on strong volume. The breakout indicates a possible trend continuation after a long consolidation. 📊 Trade Plan: • Entry Zone: ₹193–₹196 • Stop-Loss: ₹182 (below breakout zone and swing low) • Target 1: ₹210 • Target 2: ₹225 • Target 3: ₹240 (if momentum continues) 🔍 Setup Highlights: • Clean horizontal range breakout • Volume spike confirms buying strength • Still below 200 EMA (longer-term resistance near ₹250–₹260) 🔧 Ideal for swing traders looking for breakouts with defined risk. ⸻ 🔻 Disclaimer: This chart idea is for educational purposes only and does not constitute investment advice. Trading and investing involve risk. Always consult a financial advisor before making any decisions.
NSE:FUSIONLong
by ELEARNSTOCKTRADER
“Sheela Foam - Major Range Breakout with Volume Stock: Sheela Foam Ltd Timeframe: Daily (1D) 📉 Stock was in a consistent downtrend, but recently formed a solid base in a range. ✅ Today’s breakout above the resistance zone with strong volume indicates possible trend reversal. 🔍 Key Observations: • Range breakout after consolidation • Volume spike confirming buyer interest • Still trading below 200 EMA (shown in blue), so short-term caution advised 📈 If price sustains above the breakout level, we may see a move toward the next resistance zones. 📍 Support: Previous resistance zone (now support) 📍 Resistance: 200 EMA and previous supply zone 🧠 Keep SL below range low for positional trades. ⚠️ This is not investment advice. Do your own research. 🔻 Disclaimer: This chart idea is shared purely for educational and informational purposes. It does not constitute investment advice. Trading and investing in the stock market involve risk. Please consult your financial advisor before making any investment decisions.
NSE:SFL
by ELEARNSTOCKTRADER
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