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BajFinanace at crucial junction(make or break)Observations: Rising Wedge Pattern: The stock is trading within a rising wedge, a bearish pattern indicating a potential reversal or breakdown. Currently, price is at the lower trendline of the wedge — a crucial support zone. Bearish Candlestick: A strong red candle has formed, suggesting selling pressure. It’s testing the wedge’s lower support and very close to breaking down. Volume: Volume seems to be rising on red candles (selling), suggesting stronger bearish conviction. Support Levels Below: Immediate support: ₹8,613.50 (blue horizontal line). If it breaks, next key levels are: ₹7,806.25 ₹7,024.90 ₹6,753.30 Potential Price Action Scenarios: 1. Bearish Breakdown (High Probability): If the price breaks below ₹8,613.50 with strong volume, expect a drop toward ₹7,800 or lower. This would confirm the breakdown of the rising wedge pattern. 2. Support Bounce (Low Probability): If the price finds support exactly at the trendline and ₹8,613.50, a short-term bounce toward ₹8,800–₹9,000 is possible. However, the upside looks limited due to the pattern. Conclusion: ⚠️ Caution is advised: The chart structure and volume behavior suggest that a breakdown is likely. A daily close below ₹8,613 would confirm the bearish move. Use a stop-loss if you're holding long positions.
NSE:BAJFINANCE
by sagarexpedition
1
M&M -Mahindra & Mahindra Ltd. (2 hours chart, NSE) - LongM&M -Mahindra & Mahindra Ltd. (2 hours chart, NSE) - Long Position; short-term research idea. Risk assessment: Medium {volume structure integrity risk} Risk/Reward ratio ~ 4.78 Current Market Price (CMP) ~ 2935 Entry limit ~2930 to 2910 (Avg. - 2920) on April 30, 2025 1.⁠ ⁠Target limit ~ 3015 (+3.25%; +95 points) 2.⁠ ⁠Target limit ~ 3135 (+7.36%; +215 points) Stop order limit ~ 2875 (-1.54%; -45 points) Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter. LEGEND: {curly brackets} = observation notes = important updates (parentheses) = information details ~ tilde/approximation = variable value -hyphen = fixed value
NSE:M&MLong
by VEDIMarketWatch
1
Uno Minda Ltd – Coiled for a Breakout🚗 Uno Minda Ltd – Coiled for a Breakout After 38% Correction! 📉 Stock Background & Current Structure: Uno Minda Ltd, a key player in the automobile components sector, has corrected nearly 38% from its all-time high of ₹1,255. The recent low was recorded around ₹867, which is close to a key swing level. What's interesting is that the stock recently: Swiped the latest swing low, potentially triggering stop hunts and liquidity grabs. Has been consolidating in a tight range (₹915–₹880) for the last 9 trading sessions. This behavior typically signals absorption of selling pressure and potential preparation for an explosive move. 🧠 Why This Trade Setup? A strong support base is being formed in the consolidation range. Despite a lower-low formation on the higher timeframe, price failed to break down aggressively. This indicates that smart money might be accumulating. If the price breaks out of this consolidation range, it offers a great swing trade setup with a well-defined risk-to-reward profile. 🎯 Trade Plan: Element Levels Entry On breakout above ₹915 Stop-Loss ₹870 (just below swing low) Target 1 ₹993 Target 2 (optional) ₹1,070 Target 3 (longer term) ₹1,150 We are currently focused on Target 1, and will assess further upside if momentum sustains. 🔍 Technical Perspective: Consolidation zones often lead to strong directional moves. Recent swing low swipe signals liquidity grab — a common sign before reversals. A breakout will confirm short-term trend reversal on lower timeframes. This is a classic "base + breakout" setup loved by both swing and positional traders. 🔔 What Led Me to Update This Analysis? Significant price correction offering value Repeated tests of support without breakdown Range-bound movement suggests seller exhaustion Structure aligns with high-probability breakout pattern 📌 Summary: Stock: Uno Minda Ltd Sector: Auto Parts / Manufacturing Strategy: Breakout Swing Trade Risk Level: Moderate (tight SL, defined setup) 📢 Don’t Miss Out! ✅ Follow me so you don’t miss the next breakout opportunity! 👍 If this helped you, drop a like and leave a comment with your view! 💬 Let’s chat in the comments. See you there! 🚀📊 🙏 Thanks for your continued support. Let’s grow together as traders!
NSE:UNOMINDALong
by PRATHAPSIMHA
APOLLOTYRE - Apollo Tyres Ltd (2 hours chart, NSE) - Long PositiAPOLLOTYRE - Apollo Tyres Ltd. (2 hours chart, NSE) - Long Position; short-term research idea. Risk assessment: Medium {volume structure integrity risk} Risk/Reward ratio ~ 2.68 Current Market Price (CMP) ~ 470 Entry limit ~ 464.50 on April 30, 2025 1.⁠ ⁠Target limit ~ 481 (+3.55%; +16.5 points) 2.⁠ ⁠Target limit ~ 498 (+7.21%; +33.5 points) Stop order limit ~ 452 (-2.69%; -12.5 points) Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter. LEGEND: {curly brackets} = observation notes = important updates (parentheses) = information details ~ tilde/approximation = variable value -hyphen = fixed value
NSE:APOLLOTYRELong
by VEDIMarketWatch
Title: “Mazagon Dock: History Repeats? Chart Pattern Suggests AnTitle: “Mazagon Dock: History Repeats? Chart Pattern Suggests Another Breakout Ahead!” Description: Mazagon Dock Shipbuilders Ltd (MAZDOCK) is showing a strong resemblance to its previous bullish pattern from early 2024. The highlighted ellipses show two nearly identical consolidation and breakout formations. The blue projection line mirrors the past 2024 price movement, suggesting a potential rally. Key Levels to Watch: Resistance: 3095 — if broken, expect a move toward 3148. Support Zone: Around 2930-2970. If the pattern continues, we could see a strong upward move. This setup is a great example of price action repeating itself—classic case of a fractal pattern in technical analysis. Idea Type: Bullish | Timeframe: 1D 👉 Note: Always manage risk. Patterns can fail—set your stop loss wisely!
NSE:MAZDOCKLong
by sourabhk1008