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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!
NSE:CARTRADELong
by Trendxinc
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? 🚀
NSE:TATAMOTORSLong
by Abee554
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.
NSE:BDLLong
by TradingSutra
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
NSE:MAHASTEELLong
by sushithengoor
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.
NSE:TANLA
by imkhushal
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.
NSE:ZOMATOShort
by shiva560060
zensarZensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world. Zensar provides end-to-end services from IT development to Business Process Outsourcing, from consulting to implementation. Services offered by the company Consulting-IT process Consulting-Impact sourcing-Information architecture services Business case development  Business Solution Map  Information needs analysis  Information structure and page layouts  Creating controlled vocabularies and metadata  Search engine optimization  Enhancing content management systems  Best Fit Technology Implementation-Information Storage, Access & Delivery Platform  Software services-Application Development-Application Support & Maintenance-Usability Engineering-Application Migration & Modernization-Embedded Software-Product Engineering-Testing Package solutions-ORACLE -SAP-Sharepoint Implementation Tracks OOB Implementation  Documentation Developing new Content Centric applications - Capture (Imaging & Form Based), Collaboration & Workflow, Publishing, Records Management, Storage and Archival Preconfigured Solution Offerings for Pharmaceuticals Cos.  Regulated Document Management Framework for Banks Collaboration services Enterprise Content Management Services ECM Consulting/Workshop/Assessment Services  ECM Implementation Services  Portal services Learning Solutions Business Process Management BPM Consulting Services BPM Execution Services BPO services- Retail BPO Services- Customer Interaction Services. Zensar's Customer Interaction services have expertise in industry verticals such as telecom, insurance, banking and technology and includes service suite that includes- Finance and Accounting- Knowledge Process Outsourcing (KPO). Infrastructure services- IM Consulting- Data Center Management- Remote Infrastructure Management-Hosting services- IT Help Desk Services. It caters to different industries viz: Retail Insurance Banking Energy & Utilities Manufacturing Different divisions of the company: Consulting Software services Package solutions Collaboration services BPO services Infrastructure services and Industries
NSE:ZENSARTECHLong
by Tradernawab
Hindustan Copper: Ready for Reversal? 🚀 Hindustan Copper: Ready for Reversal? 🚀 📉 Current Market Price (CMP): ₹237 🔒 Stop Loss: ₹210 📈 Targets: ₹256 | ₹285 📊 Why Hindustan Copper Looks Promising: 🔹 Technical Reversal Signal: The stock has formed a small inverse head and shoulders pattern on the daily chart, indicating a potential reversal from current levels. This small base formation suggests upcoming bullish momentum. 🔹 Macro Tailwinds: With the DXY (U.S. Dollar Index) decreasing and copper prices rising, there is additional support for an upward move in Hindustan Copper. 🔹 Swing Trading Opportunity: With quarterly results on the horizon in April, this presents a timely swing trading setup to capture short-term gains. 💡 Strategy & Risk Management: 🔒 Stop Loss: Set a strict stop loss at ₹210 to protect capital against adverse movements. 📈 Staggered Entry: Given the recent market rally, it's wise to scale positions gradually while maintaining a balanced risk-to-reward ratio. ⚠️ Caution: While technicals are encouraging, the market has shown significant movement recently—adjust position sizes accordingly to manage risk effectively. 📍 Outlook: With a confirmed inverse head and shoulders pattern and supportive macro factors, Hindustan Copper presents a compelling swing trade opportunity leading up to the April earnings season. 💬 Do you see this reversal playing out? Share your insights below! 📅 Follow for more technical insights and actionable market updates. 📈 #HindustanCopper #TechnicalAnalysis #SwingTrading #InvestmentOpportunities #MarketInsights #BreakoutStrategy 📉 Disclaimer: As a non-SEBI registered analyst, I encourage investors to conduct independent research or consult with financial professionals before making investment decisions.
NSE:HINDCOPPERLong
by satyam15
TCS Ready for BounceTCS Ready for Bounce Current Market Price (CMP): ₹3,647 Stop Loss (SL): ₹3,430 Target 1: ₹3,784 Target 2: ₹3,986 📊 Market Insight: TCS is showing signs of a potential bounce, closely mirroring the NIFTY IT index. The stock has formed a base on the daily chart and recently breached a small resistance, suggesting bullish momentum may follow. 💡 Trade Setup: With April’s quarterly results on the horizon, increased activity in TCS and the broader IT sector could present a short-term trading opportunity. ⚠️ Caution: The market remains volatile—practice smart position sizing and maintain a strict stop-loss to protect your capital. 📌 Disclaimer: Not a SEBI-registered advisor. Always conduct your own research before making any investment decisions. #TCS #NIFTYIT #StockMarket #TechnicalAnalysis #TradingOpportunity #MarketUpdate
NSE:TCSLong
by satyam15
HCL Technologies: Setting Up for a Potential Bounce📈 HCL Technologies: Setting Up for a Potential Bounce CMP: ₹1,606 Stop Loss: ₹1,490 Target 1: ₹1,738 Target 2: ₹1,825 HCL Technologies is showing signs of a potential rebound, closely mirroring the NIFTY IT index. The stock has formed a base on the daily chart and recently breached a small resistance, indicating bullish momentum may follow. 💡 Why This Matters: With April’s quarterly results around the corner, increased market activity in HCL and the broader IT sector could present an attractive short-term trading opportunity. ⚠️ Caution: The market remains volatile—smart position sizing and strict risk management are essential. 📌 Disclaimer: Not a SEBI-registered advisor. Always conduct your own research before making investment decisions. #StockMarket #HCL #NIFTYIT #TechnicalAnalysis #TradingOpportunity
NSE:HCLTECHLong
by satyam15