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Positional Setup for ABSLAMC (Aditya Birla Sun Life AMC)Positional Setup for ABSLAMC (Aditya Birla Sun Life AMC) Current Price: ₹815.05 Resistance Levels: ₹860.05 → ₹901.40 Support Level: ₹786.20 Indicators: 5-9-20 EMA TEMA & Supertrend (Buy) Breakout Observed: Strong upward move post consolidation Volume Confirmation: Needed (check OBV or breakout candle volume) 📈 Technical View (Positional) The stock has broken out of a resistance zone with strong momentum. Currently trading above major EMAs and Supertrend in Buy mode. If it sustains above ₹786–790, the next target zones are: 🎯 ₹860 (minor resistance) 🎯 ₹900–910 (major resistance zone / swing high) Keep a positional SL below ₹760 for swing traders.
NSE:ABSLAMCLong
by RajputAmarjit
From Accumulation to Acceleration: IREDA Ready for a Run?Indian Renewable Energy Development Agency Ltd. is a non-banking financial company, which engages in the promotion, development, and extending financial assistance for energy conservation projects. It operates through the Financing Activities in the Renewable Energy and Energy Efficiency Sector and Generation of Power through Solar Plant Operations segments. The company was founded on March 11, 1987 and is headquartered in New Delhi, India. IREDA remains well-positioned in the renewable-financing ecosystem, with strong fundamentals and proactive growth capital raising. Continued loan book expansion, robust profitability, and regulatory backing reinforce strategic upside, despite near-term dilution and credit vigilance. 📊 Technical Analysis 🔸 Chart Pattern: Ascending Triangle Base Support Zone: Around ₹145–₹150. Higher Lows Formation: Indicates accumulation. Resistance: ₹180–₹185 (currently testing). Volume: Drying up during consolidation – a bullish sign per Minervini/Boik for potential breakout. Moving Average: Price hovering near or reclaiming 30-week MA (Weinstein Stage 1 to Stage 2 transition). 📌 Stan Weinstein – Stage Analysis Stage: Transition from Stage 1 (base) to potential Stage 2 breakout. Needs strong volume breakout above ₹185–₹190 for confirmation. 📌 Anna Coulling – Volume Price Analysis (VPA) Volume Decline on pullbacks confirms no aggressive selling. Watch for volume spike + wide range candle above ₹185 to confirm buyer dominance. 📌 Mark Minervini – SEPA Criteria Consolidation: 5-month tightening range. Relative Strength: Bouncing back while broader markets corrected. Trigger Entry: ₹180–₹186 (pivot point), with SL below ₹169. 📌 William O’Neil – CANSLIM Style C: Current Earnings – Q4 EPS ₹1.9 (+49% YoY) ✅ A: Annual Earnings – consistent growth trend ✅ N: New – Transitioning sector, renewed momentum in green energy 🟡 S: Supply/Demand – Low float (25%), positive U/D volume ratio ✅ L: Leader – Improving performance, but not sector leader yet 🟡 I: Institutional Demand – Improving but needs volume surge ✅ M: Market – Tailwind from green energy and power reforms ✅ ✅ Strengths: High and rising Operating Margins (40%) Growing Sales and EPS Decent ROE (18%) Small float stock – prone to sharp moves. ⚠️ Watchlist Risks: Price still below previous highs – needs breakout confirmation. Low volume participation recently. 🎯 Recommendation 📌 Action Plan: NSE:IREDA Buy Above ₹180–₹185 with volume confirmation. Target 1: ₹230 Target 2: ₹265 Stoploss: ₹169 (below triangle base) 📝 Summary Indian Renewable Energy is on the verge of a technical breakout after a prolonged base. Supported by improving fundamentals, bullish volume structure, and classic accumulation patterns, it aligns well with the strategies of Weinstein, Minervini, and O'Neil. A breakout above ₹180–₹185 on volume will confirm a fresh rally phase.
NSE:IREDALong
by Mr_Huntking
BANKINDIABANKINDIA – STRONG BREAKOUT ALERT! The stock has given a decisive breakout on both daily and weekly timeframes, backed by strong price action. After a period of tight consolidation on smaller timeframes, BANKINDIA is showing clear signs of resuming its upward trajectory. 🔹 Risk–Reward Setup: Risk: ~4% Potential Upside: ~10% The setup looks promising for momentum traders and positional players. 📌 Disclaimer: All posts are intended purely for educational and study purposes. Please consult your financial advisor before making any investment decisions. ⚠️
NSE:BANKINDIALong
by ritesh7554