ALKEM LABORATORIES LTD S/R Support 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.
ABFRL at Best Support !!This is the Weekly Chart Of ABFRL .
ABFRL having good Law of Polarity at 70 range.
ABFRL having EMA support at 72 range
If this level is sustain , we may see higher price in ABFRL ||
Based on time-wise analysis, our initial expected return is 40–42%, which the stock consistently forms beyond the Law of Polarity (LOP).
Thank You !!
IPO Price Respected — Now Coiling for a Major Breakout?
🔍 Chart Context & Structure
Since its listing, SBI Cards & Payment Services Ltd (NSE: SBICARD) has been forming a massive accumulation base on the weekly chart — with an iron-clad support zone around ₹650. Over the last 3.5 years, the stock never closed below this IPO zone, signaling strong institutional confidence and long-term investor conviction.
Now, after multiple failed attempts, price is retesting the crucial ₹930–₹972 resistance band — a level that previously triggered sharp rejections. But this time, the setup is different:
✅ Momentum is building with a consistent series of higher lows.
✅ The structure now hints at a rounding bottom formation.
✅ Volume is supportive (if visible), and sentiment around financials is shifting positive.
📊 Technical Zones to Watch
Zone Relevance
🔵 ₹660–₹715 Strong base zone (IPO support + demand cluster)
🟣 ₹930–₹972 Historical supply zone (tested 3rd time now)
🟠 ₹1,130–₹1,150 Minor resistance, could break quickly post breakout
🟡 ₹1,272 – ₹1,440 Fibonacci targets (1.272–1.618 extension)
🔴 ₹1,916 Final positional target (2.618 Fib extension from pandemic low)
🌐 The Macro Tailwinds
💳 Credit card usage in India is booming – penetration is still low compared to global norms, but monthly user growth is accelerating.
🏛️ Government is actively promoting digital payments – a key pillar in India’s fintech roadmap.
📈 Financialization of Indian households – from cash hoarding to credit leverage, behavior is shifting.
🔁 Consumer spending is rebounding strongly post-COVID and SBI Cards is a direct proxy.
💡 Investor Psychology
Think of the ₹930–₹972 zone like a "psychological lid". Price got rejected here twice before — so this third approach carries both hesitation and anticipation. A weekly close above this zone would likely:
Trigger short-covering from swing sellers,
Attract momentum traders,
And validate long-term bulls waiting for confirmation.
📌 Trading Plan (Positional Swing)
Entry Trigger: Weekly close above ₹972
Initial Target: ₹1,130 → ₹1,192
Medium-Term Targets: ₹1,272 → ₹1,343 → ₹1,440
Long-Term Target: ₹1,916
Stop-Loss (Weekly): Close below ₹880
Holding Period: 6 months to 2 years depending on breakout strength
🧠 Final Thought
"Not closing below IPO levels for over 3 years in a volatile mid-cap is not random — it's informed accumulation."
With digital payment adoption surging and tailwinds aligning, SBI Cards may be quietly entering a new phase of price discovery. Watch the ₹972 zone closely — what was resistance may soon become the launchpad.
Ye Chart Kuch Kehta Hai : HSCLHimadri Speciality Chemical is on the verge of a breakout driven by strong quarterly and annual financial results, strategic expansion into high-growth sectors like lithium-ion battery materials, positive technical indicators, and a historically favorable seasonal trend in June. The company’s robust operational performance, healthy balance sheet, and diversification into emerging markets position it well for sustained growth and stock price appreciation in the near term.
This combination of fundamental strength and technical momentum underpins the current bullish outlook for Himadri Speciality Chemical Ltd.
Strong Financial Performance and Growth Momentum
Himadri reported a consolidated net profit of ₹155.58 crore for Q4 FY25, a 34% increase year-over-year, and a full-year net profit of ₹558 crore, up 36% from the previous year.
The company achieved its highest-ever quarterly EBITDA of ₹232 crore in Q4 FY25 and a record yearly EBITDA of ₹844 crore, reflecting strong operational efficiency and profitability.
Sales volumes rose by 16% in FY25, reaching 552,206 metric tonnes, supporting revenue growth despite some marginal declines in specific quarters.
The balance sheet is strong with a net positive cash balance of ₹371 crore, positioning the company well for strategic investments and growth
RAILTELRAILTEL showing very good strength and currently trading above resistance line. It has also been observed cup and handle pattern breakout with decent increased volume in recent days. If I consider recent depth then we may see approx 30-33% rally in coming days provided that it holds and closing above 380 levels all the time. Strong up move is on the table!
KOTAKBANK Technical Analysis🏦 KOTAKBANK Technical Analysis (Daily Chart) – June 4, 2025
Current Price: ₹2,057.40
Change: +₹12.90 (+0.63%)
🔍 Chart Breakdown:
Trendline Breakdown: Price has decisively broken below the ascending trendline, indicating weakness in bullish momentum.
Bearish Structure: Lower highs and lower lows are forming — a classic sign of a downtrend resumption.
Downside Target Zone:
Primary Demand Zone: ₹1,840 – ₹1,880
🧭 Potential Scenarios:
If current bearish pressure continues, price may slide toward the highlighted demand zone.
A strong bullish rejection from the support zone could present a short-term reversal opportunity.
CE INFO SYSTEMS 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.
ABFRLIs the financial engineering dead ?
Have a look at most of the demergers, they are short term euphoria.
ABFRL is no less. The Consultants take their million dollar fees for their MBA jargon / useless and non practical solutions and billions of dollars of losses for the shareholders.
Technically ABFRL could have a bounce back at Rs 77 but could consolidate here for a few months before trying to ascend.
TATA TECH - Bullish Inverted H&S Breakout (Daily T/F)Trade Setup
📌 Stock: TATA TECHNOLOGIES ( NSE:TATATECH )
📌 Trend: Strong Bullish Momentum
📌 Risk-Reward Ratio: 1:3 (Favorable)
🎯 Entry Zone: ₹750.55(Breakout Confirmation)
🛑 Stop Loss: ₹699.00(Daily Closing Basis) (~5.6% Risk)
🎯 Target Levels:
₹773.45
₹795.70
₹816.35
₹840.55
₹867.00
₹896.85 (Final Target)
Technical Rationale
✅ Bullish Inverted Head & Shoulder Breakout - Classic bullish pattern confirming uptrend continuation
✅ Strong Momentum - Daily RSI >60 & Weekly RSI >50
✅ Volume Confirmation - Breakout volume 3.43M(while posting) vs previous day's 767.40K (Nearly 5x surge while posting)
✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength
Key Observations
• The breakout comes with significantly higher volume, validating strength
• Well-defined pattern with clear price & volume breakout
• Conservative stop loss at recent swing low
Trade Management Strategy
• Consider partial profit booking at each target level
• Move stop loss to breakeven after Target 1 is achieved
• Trail stop loss to protect profits as price progresses
Disclaimer ⚠️
This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information.
What do you think? Are you watching NSE:TATATECH for this breakout opportunity? Share your views in the comments!
RAMKAY INFRA technical analysis Ramky Infrastructure Ltd. (NSE: RAMKY) is currently trading at INR 510. The company operates in the engineering and infrastructure development sector, specializing in environmental services, real estate, and industrial projects across India.
Key Levels
Support Levels: INR 312.90, INR 461.70, INR 545.45
Swing Level: INR 634.05
Possible Upside Levels: INR 949.60, INR 1,098.40, INR 1,287.95
Technical Indicators
RSI: The Relative Strength Index (RSI) is at 50.03, indicating neutral momentum, meaning the stock is balanced without strong bullish or bearish pressure.
Volume: Trading volume has been stable, reflecting consistent investor interest. A surge in volume at resistance levels could confirm a breakout toward higher price points.
Sector and Market Context
Ramky Infrastructure Ltd. operates in India’s construction and infrastructure sector, benefiting from government-backed urban development projects, road construction initiatives, and smart city planning. The sector has seen strong demand growth, bolstered by budget allocations for capital expenditures and private sector participation in infrastructure financing. However, fluctuations in construction material costs, regulatory approvals, and financial structuring remain key risk factors. Investors continue to monitor India’s infrastructure investment trends, which provide long-term stability but are subject to economic cycles.
Latest News and Developments
Market Trends: Strong institutional interest in construction and infrastructure stocks, driven by India’s focus on urban expansion.
Analyst Ratings: Recent reports suggest positive earnings growth, backed by new project acquisitions and improved execution timelines.
Quarterly Results: The company reported consistent revenue and stable profit margins, despite higher operational costs.
Dividend Update: The firm has declared a dividend of ₹6 per share, reinforcing investor confidence in its financial stability.
Analysis Summary
Ramky Infrastructure Ltd. presents a stable technical setup, with RSI reflecting neutral positioning and price movement near key levels. Volume trends suggest continued investor engagement, while sector-wide expansion supports long-term growth potential. Investors should monitor price action at resistance levels, upcoming project approvals, and broader economic indicators before making investment decisions. A cautious but strategic approach is advisable, considering market volatility and cyclical industry risks
Kotak Bank – Structure Speaks, Are You Listening?Kotak Bank appears to be in the final stages of a WXYXZ complex correction on the weekly timeframe, with a zigzag pattern unfolding in Wave Z . A rejection from the 2301.90 zone has initiated a clean 5-wave decline, setting the tone for the final leg of the corrective structure.
This analysis combines high-level structure from the weekly chart with internal confirmations from the daily timeframe.
Weekly Chart Highlights
Wave W completed at 1631.00.
A rally into Wave X followed, peaking around 2064.40.
Wave Y took the form of a contracting triangle, breaking down to 1543.85.
From there, a sharp rally into 2301.90 formed Wave X2, failing to extend impulsively — suggesting corrective nature.
The decline from X2 is forming a potential 5-3-5 zigzag, labeled as Wave Z.
Fibonacci projection for Wave C of Z lies between 0.618 (1863.65) and 1.0 (1592.75) of Wave A.
Invalidation level: A price move above 2301.90 invalidates the Z wave scenario.
Daily Chart Observations:
The internal structure from the 2301.90 top shows:
A 5-wave decline in Wave A, ending with a clear ending diagonal in the 5th wave.
This suggests exhaustion and a likely short-term bounce.
Wave B is anticipated as a 3-wave corrective rally, targeting:
0.5 retracement at 2168.05
0.618 retracement at 2199.65
A final 5-wave decline from there would complete Wave C and conclude the larger Wave Z.
Conclusion
Kotak Bank is potentially in the final zigzag leg (Wave Z) of a larger WXYXZ correction that has been unfolding for over two years. With multi-timeframe confluence and a clean internal structure, the path forward suggests a short-term bounce followed by one last leg down.
This setup offers high clarity for both short-term traders and long-term positional analysts awaiting the completion of a Wave 4 before a possible Wave 5 rally.
Price action will be updated as chart evolves.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.