Play on Levels
Weekly closing above 125 is a positive sign.
No bearish divergence yet.
However, 137 - 138 is an Important Resistance
zone.
If the trendline support is broken (127),
the blue highlighted area may act as Immediate
support zone (112 -114)
Upside targets can be around 150 - 160 if
137 - 138 is crossed with Good Volumes.
ZAL Trade Plan – Strong Fundamentals & High Growth PotentialCompany Overview:
ZAL is fundamentally one of the strongest companies in the market, showcasing impressive growth driven by increasing sales and expanding profit margins. The company is actively scaling its operations, which sets the stage for even greater future earnings. Given its solid financials and business expansion, ZAL holds significant potential for capital appreciation.
Growth Outlook:
With a strong earnings trajectory and business development initiatives, the stock price has the potential to generate gains of 40–70%, depending on the size of the upcoming rally.
✅ Trade Setup
Entry Options:
Breakout Entry: Buy on a confirmed breakout with closing above Rs. 17
Dip Entry: Buy between Rs. 15.20 – 14.50 (ideal accumulation zone) , CZ it will form the right Shoulder of Head and shoulder Pattern
Risk Management:
Stop-Loss: Rs. 13 (to manage downside risk)
Take-Profit Levels:
TP1: Rs. 16.50
TP2: Rs. 19.00
TP3: Rs. 22.00
TP4: Rs. 24.00
📌 Note: Follow proper risk management and position sizing based on your portfolio. Monitor price action and volume closely around the breakout level for confirmation.
CNERGY | Rising Wedge & Bearish Divergence!Two sign of danger
Rising Wedge Pattern and Bearish Divergence with Volume indicator
Rising Wedge Pattern:
Characteristics: Converging trend lines with higher highs and higher lows, narrowing range.
Interpretation: Bearish reversal pattern, weakening buying pressure.
Trading Strategy: Short selling after break below lower trend line, set stop-loss above upper trend line.
Confirmation: Decreasing volume and other indicators like RSI or MACD can add to bearish implications.
Bearish Divergence with Volume:
When you see a price increase accompanied by decreasing volume in technical charts, it's often considered a bearish sign.
Weakening upward momentum: Decreasing volume during a price increase can indicate that the upward momentum is losing steam. This could be due to a lack of buyers or interest in the stock at current prices.
Potential reversal: A price increase on low volume might suggest that the trend is about to reverse. If there's not enough buying pressure to sustain the price increase, sellers might step in, causing prices to drop.
False breakout: Decreasing volume during a price increase can also indicate a false breakout. If the price breaks out above a resistance level on low volume, it might not be a genuine breakout, and prices could fall back below the resistance level.
Very Good Weekly Closing.
Very Good Weekly Closing.
Monthly Closing above 780 is Important,
otherwise, Tweezer Top is Expected which
is a Negative sign.
Channel Top is around 825 - 830.
Initial Support seems around 700 - 705.
& Double Bottom (in case of Selling Pressure)
is around 640 - 645 (which may also act as Support).
HBL PROBABLY IN WAVE '' C '' OR " X " - SHORTThis is in continuation of our HBL wave count/idea shared earlier.
HBL is most probably in wave C or X which will take price down towards 127-122 range area,
prices are currently at a resistance level which has acted as a strong support previously therefore we are confident that it should hold and keep prices from climbing up.
We will short sell HBL once price break below 146.80 level and will target 133-130 range and further down 124-122 range, however prices might reach 160 before starting its decline. Alternately if prices break above 163 then this trade setup will get invalidated.
Although the risk/reward ratio is not that impressive but looking at the overall stock market momentum and geopolitical unrest, we have a little more confidence in this trade.
Trade setup:
Entry price: 146.80
Stop loss: 163
Targets:
T1: 133-130
T2: 124-122
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Bullish divergence in ENGROHBullish divergence is observed in the daily timeframe for ENGROH. The current downtrend is expected to reverse after the bullish divergence. The current downtrend is likely to reverse into an uptrend and reach levels indicated on the chart. When the trend starts to reverse and breaks the entry point level indicated on the chart, it will be considered a confirmation of the trend reverse and a good point to take a long position.