TIME TO SHOW RELIANCE ON RELIANCE - JUST DO NOT MISS THISEverything is pretty much explained in the picture itself.
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CarTrade Strong Breakout with Retest Opportunity📈 NSE:CARTRADE 🚗 - Strong Breakout with Retest Opportunity!
🔹 Current Price: ₹1,694.95 (-4.94%)
🔹 Key Support Zone: ₹1,500-1,600 (Buy near this level)
🔹 Target Price: ₹2,459 (54.33% potential upside)
✅ Stock broke out of a trendline resistance
✅ Retesting breakout zone – potential buying opportunity
⚠️ Watch for support holding before entering positions
📢 Traders, this could be a great entry for a high-reward trade!
Technical Analysis of Tata Motors (Monthly Chart)Technical Analysis of Tata Motors (Monthly Chart)
From the provided chart, here are key observations:
1. Strong Demand Zone (Best Buying Zone)
The green highlighted area (around ₹580–₹680) represents a strong support zone where the price has historically reversed.
The price has retested this zone and is showing signs of buying interest, as seen by the bounce.
2. Potential Reversal with Volume Confirmation
The latest monthly candle has a long wick, indicating buyers are stepping in.
Volume has increased, suggesting strong accumulation in this zone.
3. Resistance Levels to Watch
First Target: ₹870–₹880 (Marked in Blue) – This is the nearest resistance level.
Breakout Above ₹880: Can push the price toward ₹1,000+ in the long term.
4. Risk Management & Stop-Loss
A stop-loss can be placed below ₹580 to minimize risk.
If the price breaks this level with high volume, further downside could be expected.
Conclusion – Long-Term Buying Opportunity
This monthly chart suggests a strong buying opportunity around ₹580–₹680.
If the price holds, a bullish trend continuation is likely toward ₹870+ in the coming months.
Would you like a detailed entry-exit strategy based on Fibonacci, Moving Averages, or other indicators? 🚀
BDL: DOUBLE BOTTOM BREAKOUTThe Double Bottom pattern is a bullish reversal chart pattern that signals the potential end of a downtrend and the beginning of an uptrend. It consists of two consecutive troughs (lows) at roughly the same level, separated by a peak. The pattern resembles the letter "W."
Key Features:
Two Lows: Nearly equal in price, indicating strong support.
Neckline: The peak between the two lows acts as a resistance level.
Breakout: A bullish signal is confirmed when the price breaks above the neckline with strong volume.
Price Target: The expected upward movement is typically equal to the distance between the lows and the neckline.
Double Bottom pattern in Bharat Dynamics Ltd. (BDL) is confirmed, with both lows near ₹888 and a breakout above the ₹1,345 neckline, the price projection suggests a potential upside. The expected price target can be estimated by measuring the distance between the neckline and the lows, which is ₹1,345 - ₹888 = ₹457. Adding this to the breakout point, the projected price target would be ₹1,345 + ₹457 = ₹1,802. If the stock sustains above ₹1,345 with strong volume, it could gain further bullish momentum, potentially reaching ₹1,800 or higher in the medium term.
Mahamaya Steel Industries LtdMahamaya Steel Industries Ltd
MSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges for the construction, automobile, railway, and power industries. It has high capacity structural rolling mills with full fledged supportive SMS and one of the very few in India which manufactures 600 MM joist and 250 MM angles
Bank Of India, Breakout & RetestA head-and-shoulder pattern has been forming and playing out since 2018. The larger the pattern, the bigger the potential target. A successful retest of the neckline further strengthens the pattern, and the weekly RSI is showing positive convergence with the price action.
This indicates strong potential for good returns in the stock in the near future.
Signs of Reversal in Tanla PlatformHey Guys,
The following is the details of the analysis:
Wave 1, 2, and 3 Completion:
Wave 1 marks the initial move after the reversal.
Wave 2 is a corrective pullback.
Wave 3 is the subsequent strong move in the trend direction. In Elliott Wave Theory, Wave 3 is often the longest and strongest, commonly reaching at least the 1.618 Fibonacci extension of Wave 1’s length. However, you’ve observed that Wave 3 in this case did not reach this typical target (1.618) and is shorter than expected, meaning it’s not an "extended" wave.
Current Position - Wave 4:
The price is now in Wave 4, which is typically a corrective phase moving against the prior Wave 3 trend. This suggests a consolidation or pullback is happening before the final Wave 5 begins.
Wave 5 Projection:
Since Wave 3 was shorter than the usual 1.618 extension, Wave 5 might extend instead. In Elliott Wave rules, when Wave 3 isn’t extended, Wave 5 often takes on a more significant move. The estimated target is of 560 in a "normal case" for Wave 5, but if it extends (e.g., reaching a Fibonacci level like 1.618 or 2.618 of prior waves), the price could go even higher.
Disclaimer: This analysis is based solely on the provided observations and Elliott Wave Theory principles. It is not financial advice, nor a recommendation to buy, sell, or hold any asset. Past price patterns do not guarantee future results, and market conditions can change unpredictably. Always conduct your own research or consult a qualified financial advisor before making investment decisions.
Short-term technical analysis of Zomato (NSE: ZOMATO)Chart Pattern & Technical Structure: Current Price: ₹223.05, Chart Type: 2-hour candle
"Pattern Observed: Falling parallel channel formation"
Recent Action: Price recently touched the upper trendline of the descending channel, indicating resistance.
Bearish Wave Count: Looks like the price has completed a corrective wave up and could be entering the next leg down in the structure.
Next Support Zone: Lower channel boundary is around ₹190, making it a realistic downside target if the bearish leg continues.
📉 Expectations:
As long as Zomato respects the upper channel resistance, the short-term bias is bearish.
If momentum confirms with breakdowns on lower timeframes or volume picks up on the downside, it can head toward ₹190 zone.
Keep an eye on volume spikes or breakdown candles for early confirmation.
🔁 Invalidation:
If the price breaks and sustains above the upper channel, especially above ₹230–₹235 with volume, the bearish thesis is invalidated.
That may signal strength and a possible breakout, targeting higher levels (₹250+).
🧠 Trading Viewpoint:
Short Positioning: Can be considered near current levels with a strict stop-loss above ₹235.
Target Zone: ₹190 (as per channel projection).
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy/sell any security. Stock markets are subject to risks, and past performance is not indicative of future results. Please do your own research or consult a SEBI-registered financial advisor before making any trading decisions.
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TARIL : Momentum continues after a strong Buy
TARIL : Momentum continues after a strong Buy
MACD looks extremely strong .
Resistance bands are clearly visible on the chart ,let's see if it can shatter those .
(Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only)