Nifty spot 24013.10 by Daily Chart - Weekly UpdateNifty spot 24013.10 by Daily Chart - Weekly Update
- Nifty kept closure above last week by Positive Global Events
- Updated Support Zone 23300 to 23850 for Nifty Index Band
- Updated Resistance Zone 2410 to 24675 for Nifty Index Band
- Bullish Double Bottom plus Rounding Bottom formed for Nifty Index
- Probable Breakout attempted by Nifty 50 by stepping in the Resistance Zone
- Anticipate Geo Political scenario upholds for optimistic uptrends in Domestic Markets
Double Bottom
Don’t Miss SBILIFE’s Double Bottom Setup – Targets Upto ₹2150SBILIFE is currently testing a critical second bottom at 1768–1775. This is a classic high-probability reversal zone after a deep correction from highs.
Best Trade: Buy on confirmation near 1770–1780 with tight SL below 1735.
Targets up to 2000–2150 offer excellent upside with favorable risk-reward.
Current Stance: Accumulate on dips holding support. High conviction setup if it holds the second bottom.
Aggressive Entry (for active traders): Enter near current levels 1765 – 1775 on signs
ESCORTS Creating Textbook Double Bottom at Key Support |ESCORTS is currently at a pivotal inflection point.
The combination of a second bottom test and a textbook Hammer candle at major support significantly improves the bullish probability. This setup suggests that selling pressure is waning and smart money is stepping in to defend the ₹2700–2780 demand zone.
Historically, such double bottoms accompanied by reversal candles like hammers often lead to strong counter-trend rallies, especially when they occur after an extended down-move.The risk-rewa
Lumax Auto Tech cmp 1664.40 Daily ChartLumax Auto Tech cmp 1664.40 Daily Chart
- Support Zone 1450 to 1600 Price Band
- Resistance Zone 1750 to ATH 1898 Price Band
- Price traversing within Rising Price Channel path
- Bullish "W" Double Bottom gave a price reversal pad
- Overall Bullish and Technically strong chart setup done
- Volumes spiking regularly by good sync with avg traded qty
- Resistance Zone rejection to be broken for fresh price uptrend
JG Chemicals cmp 436.20 by Weekly Chart since listedJG Chemicals cmp 436.20 by Weekly Chart since listed
- Support Zone 375 to 410 Price Band
- Resistance Zone 455 to 495 Price Band
- Falling Resistance Trendline Breakouts sustained
- Volume in good sync with average traded quantity
- Rising Support Trendline well shouldering price uptrend
- Bullish "W" Double Bottom formed by Resistance Zone neckline
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
W Pattern Breakout in HI-TECH
BUY TODAY SELL TOMORROW for 5%
Techno Electric cmp 1072.60 by Weekly Chart viewTechno Electric cmp 1072.60 by Weekly Chart view
- Support Zone 1040 to 1165 Price Band
- Resistance Zone 1300 to 1430 Price Band
- Breakout attempted from Falling Resistance Trendline
- Bullish "W" Double Bottom and/or Rounding Bottoms
- Volumes are in good sync with average traded quantity
Advanced Enzyme Tech cmp 365 by Weekly Chart viewAdvanced Enzyme Tech cmp 365 by Weekly Chart view
- Support 305 to 345 Price Band
- Resistance 380 to 425 Price Band
- Price attempting Resistance Breakout
- Bullish Double Bottom done below Support Zone
- Bullish Cup & Handle + Rounding Bottoms by Support Zone
JSWENERGY - Double Bottom 🔍 Structure:
- Potential Double Bottom formation at a key support zone
- Two clear rejections from similar price levels
- Indicates possible demand presence
- Share is trading above 50D & 200D SMA
📈 Volume Insight:
- Noticeable volume increase on second bottom
- Suggests higher participation compared to first dip
- Often discussed as a sign of strength building
🏗️ Current Price Action:
- Price moving upward after second bounce
- Approaching a previous supply zone (resistance area)
- This zone
Tata Power Breakout Tata Power has broken out of its consolidation range with strong momentum, forming a W-structure followed by expansion.
The move indicates a shift from accumulation to trend continuation, supported by higher lows and increasing participation.
This is not just an isolated move — it reflects sector-wide strength in power stocks, adding further confidence to the setup.
That said, the current breakout candle is strong, which also makes the setup slightly extended in the immediate term.
📌 Strateg
Power Grid Breakout | Accumulation to Expansion PhasePower Grid has confirmed a structural breakout above the 310–312 resistance zone after a prolonged consolidation phase.
The price action suggests a classic accumulation → spring → expansion move, supported by strong bullish candles and improving momentum.
From a broader perspective, this move aligns with strengthening themes in the power/infrastructure space, which adds conviction to the setup.
However, considering the sharp breakout move, price is now slightly extended in the short term.
📌
ABB – Double Bottom Attempt | Watch BreakoutABB is forming a potential double bottom near demand, with improving momentum and volume support.
However, the structure remains incomplete until a neckline breakout.
🔹 Key Level: 6200
🔹 Entry: Above 6200 (confirmation)
🔹 SL: 5850
🔹 Targets: 6600 → 7200
👉 Early accumulation visible, but confirmation is key.
Nifty 50 Long-Term Valuation & Reversal PredictionInvestment Note: Nifty 50 Long-Term Valuation & Technical Outlook
Date: March 31, 2026
Subject: Nifty 50 Strategic Reversal Zone and Multi-Year Valuation Analysis
The Nifty 50 is currently approaching a significant historical value zone. With the Current PE at 19.62,
Historical data from the past decade suggests that the Nifty rarely sustains levels below a PE of 20 for extended periods. This fundamental valuation, combined with a "Flat Correction" technical pattern, suggests a strong probabi
ABLBL — Near All-Time Bottom | Possible Double Bottom Setup📊 Observations:
Long-term downtrend seems to be slowing
Price approaching all-time support region
RSI near oversold zone
Momentum showing exhaustion after continuous selling
Potential double bottom formation if support holds
⚠️ Confirmation needed:
Strong volume accumulation
Break above recent swing high
If support sustains, this zone may offer a high risk-reward reversal opportunity.
Note:
Not a buy/sell recommendation. For educational purposes only.
Breakout Ready Stock | Keep On watchThe technical setup for SCILAL is currently one of the most compelling "value unlock" stories on the board. After a painful period of sideways consolidation near its 52-week lows, the stock is finally showing signs of life, breaking out from a tight ₹43–₹45 range with renewed momentum. Your marked targets of ₹52 and ₹60 align perfectly with historical resistance zones and previous swing highs. As long as the stock stays comfortably above the ₹42.80 support level, the bullish thesis remains intac
Silver Price Action set up with double bottomThe current price analysis for XAGUSD (Silver against US Dollar) in early November 2025 reveals a mixed but cautious outlook. Silver prices are moving within a corrective phase after exiting a bullish channel, trading approximately in the $47.50 range. Technical indicators such as moving averages currently suggest a bearish to neutral trend, with the price testing key resistance levels around $48.45.
Price momentum shows attempts to push higher, but resistance near $48.45 may lead to a price pu
BSE cmp 2790.60 by Daily Chart viewBSE cmp 2790.60 by Daily Chart view
- Support Zone 2570 to 2670 Price Band
- Resistance Zone 2790 to 2915 Price Band
- Bullish "W" Double Bottom by Support Zone base
- Rising Support Trendline well sustained and respected
- Falling Resistance Zone Trendline Breakout been attempted
- Volumes spiked today with good sync with the avg traded qty
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Double Bottom Breakout in 5 PAISA
BUY TODAY SELL TOMORROW for 5%























