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ASTRA MICROWAVE LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ASTRAMICRO
by zenthosh
Apollo Hospitals – Inverted Head & Shoulders BreakoutChart Pattern: Inverted Head & Shoulders Timeframe: Daily Breakout Level: ₹7,565 Target: ₹8,980 Potential Upside: +18.7% Stop Loss: ₹7,250 Volume: Strong breakout volume confirms institutional activity RSI: 71 – Momentum strong, no signs of exhaustion or divergence Technical Thesis: Apollo Hospitals has completed a multi-month inverted head & shoulders pattern with a breakout above the ₹7,565 neckline zone. The structure developed over 8 months, showing accumulation and basing under resistance. The breakout is supported by the highest volume since Oct 2023 and a clean bullish candle. There is no visible supply zone until the ₹8,800–₹9,000 area, suggesting potential for a swift move. Trade Plan: Entry: On breakout above ₹7,565 or on pullback to ₹7,450–₹7,500 (if offered) Target: ₹8,980 (based on measured move projection) Stop Loss: ₹7,250 (below neckline and prior range low) Risk:Reward: ~3.5:1 Disclaimer: This chart and analysis are intended for educational and informational purposes only. This is not a recommendation to buy, sell, or hold any financial instrument. The views expressed are based on technical patterns and personal interpretation and may not reflect actual market movement. Always do your own research and consult your financial advisor before making any trading decisions. Trading in equities involves risk of capital loss.
NSE:APOLLOHOSPLong
by eggubonda
IDBI BANK LTD - for Long-Term🚀 Breakout Alert! IDBI Bank has finally broken out of a multi-year resistance zone that was acting as a strong supply area since 2010. The breakout is supported by significant volume, indicating strong institutional participation. 🟩 Structure Highlights: Price has broken above the long-term horizontal resistance trendline (marked in grey). Monthly candle shows solid strength despite some profit booking from ₹105 levels. Volume spike suggests buyer confidence. 📈 Potential Upside Targets: Target 1: ₹140 (≈36.67%) Target 2: ₹185 (≈81.57%) Target 3: ₹250+ (≈149.35%) in the longer term, replicating past breakout moves. 📉 Support Zone: ₹88–95 (former resistance turned support). Any retest around this zone can offer good risk-reward entry. 📌 Conclusion: This breakout marks the end of a decade-long consolidation. As long as the price holds above ₹88 on a monthly closing basis, the uptrend looks intact. Ideal for positional swing traders and long-term investors watching for multi-bagger potential.
NSE:IDBILong
by ProfitLossMereSath