Manorama Industries Ltd - Breakout Setup, Move is ON...#MANORAMA trading above Resistance of 1795
Next Resistance is at 2778
Support is at 1515
Here are previous charts:
This weekly candlestick chart for Manorama Industries Ltd. demonstrates a powerful multi-stage upward breakout, culminating in a sharp acceleration into key resistance territory.
Key Technical Elements
Breakout Point (~526.00): After a long multi-year ascending base/channel, the stock broke out above horizontal resistance at 526.00 with strong volume, triggering a sustained, long-term bull trend.
Volume Analysis:
First Spike: Notable volume expansion occurred during the initial 526.00 breakout, confirming strong initial momentum.
Second Massive Spike: A dramatic surge in volume emerged in mid-2026 as price broke out of its intermediate consolidation, driving a parabolic move higher.
Support Levels:
526.00: The original horizontal baseline breakout target.
1,296.00 (Resistance 2): Intermediate horizontal structure flipped into former support.
1,515.00: Marked by the red support arrow, this key horizontal level was retested and validated as a high-level support floor before the latest rally.
Resistance Levels:
Resistance 1 (760.00) & Resistance 2 (1,296.00): Prior horizontal overhead Resistance that have been cleared.
Resistance 3 (1,795.00): The immediate horizontal breakout level that price cleared during the recent move.
Resistance 4 (2,778.00): The primary long-term upside Resistace if the current price surge holds its gains.
Current Price Action
The stock experienced a huge weekly green bar (+10.95%), pushing price up to 1,927.30 after clearing 1,795.00 (Resistance 3). If the stock maintains a weekly close above 1,795.00, it establishes a clear path toward the major upper objective at 2,778.00. Conversely, any sharp retracement would look for initial dynamic support near 1,515.00–1,795.00.
A parallel channel (also known as an ascending, descending, or horizontal channel) is a technical analysis pattern bounded by two parallel trendlines that encompass a security’s price action over time.
Structure & Mechanics
Main Components:
Trendline / Base Line: Connects a series of prominent reaction lows (in an uptrend) or reaction highs (in a downtrend).
Channel Line: Drawn parallel to the trendline, connecting the peaks (top boundary) or troughs (bottom boundary).
Price Movement: Price oscillates between the upper boundary (which acts as dynamic resistance) and the lower boundary (which acts as dynamic support).
Types of Channels
Ascending Channel (Bullish): Characterized by higher highs and higher lows. Indicates a steady uptrend where buying pressure dominates.
Descending Channel (Bearish): Characterized by lower highs and lower lows. Represents a controlled downtrend or corrective pullback.
Horizontal Channel (Consolidation): Moving sideways between static support and resistance lines, signaling market indecision or range-bound trading.
How Traders Use Parallel Channels
Trading Within the Range: Buying near the channel's lower boundary (support) and selling or shorting near the upper boundary (resistance).
Breakout Trading: A strong, high-volume candle breaking outside either boundary signals potential trend acceleration or continuation in the direction of the breakout (as seen in the charts provided previously).
Midline (50% Line): Often, a dashed line is drawn down the middle of the channel. Price reacting to this midline can confirm the channel's validity and act as interim support or resistance.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long
Vijaya Diagnostic Centre Ltd - Breakout Setup, Move is ON...#VIJAYA trading above Resistance of 1473
Next Resistance is at 1874
Support is at 1291
Here are previous charts:
This weekly candlestick chart for Vijaya Diagnostic Centre Ltd. shows an ascending channel structure that has transitioned into a steady upward trend.
Key Technical Elements
Breakout Point (~788.00): After trading within the lower portion of its multi-year ascending parallel channel, the stock broke out above horizontal resistance around 788.00 with a high-volume weekly candle, confirming a trend acceleration.
Volume Analysis: The blue arrow highlights a substantial volume spike at the 788.00 breakout point in mid-2024, confirming institutional participation. Subsequent volume surges have consistently supported higher price advances.
Support Levels:
788.00: The original horizontal breakout baseline.
1,026.00: Mid-channel structural support line.
1,291.00: Marked with a red arrow, this horizontal level acted as strong resistance before being retested and flipped into a reliable support floor during recent pullbacks.
Resistance Levels:
Resistance 1 (1,026.00): Prior horizontal barrier now converted into a major baseline support zone.
Resistance 2 (1,473.00–1,504.4): The current price level and top boundary of the long-term blue/white ascending channel. The stock is currently trading around 1,504.40 (+2.06% on the weekly bar).
Resistance 3 (1,874.00): The primary long-term upper Resistance if price breaks cleanly above the current channel ceiling.
Current Price Action
The stock is testing the upper resistance line of its long-term ascending channel near 1,473.00–1,504.40. A clean weekly close above this boundary clears the path toward the 1,874.00 target. If the upper channel boundary holds as dynamic resistance, a temporary pullback toward support at 1,291.00 may occur.
A parallel channel (also known as an ascending, descending, or horizontal channel) is a technical analysis pattern bounded by two parallel trendlines that encompass a security’s price action over time.
Structure & Mechanics
Main Components:
Trendline / Base Line: Connects a series of prominent reaction lows (in an uptrend) or reaction highs (in a downtrend).
Channel Line: Drawn parallel to the trendline, connecting the peaks (top boundary) or troughs (bottom boundary).
Price Movement: Price oscillates between the upper boundary (which acts as dynamic resistance) and the lower boundary (which acts as dynamic support).
Types of Channels
Ascending Channel (Bullish): Characterized by higher highs and higher lows. Indicates a steady uptrend where buying pressure dominates.
Descending Channel (Bearish): Characterized by lower highs and lower lows. Represents a controlled downtrend or corrective pullback.
Horizontal Channel (Consolidation): Moving sideways between static support and resistance lines, signaling market indecision or range-bound trading.
How Traders Use Parallel Channels
Trading Within the Range: Buying near the channel's lower boundary (support) and selling or shorting near the upper boundary (resistance).
Breakout Trading: A strong, high-volume candle breaking outside either boundary signals potential trend acceleration or continuation in the direction of the breakout (as seen in the charts provided previously).
Midline (50% Line): Often, a dashed line is drawn down the middle of the channel. Price reacting to this midline can confirm the channel's validity and act as interim support or resistance.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade. 
Long
Avalon Technologies Ltd - Breakout Setup, Move is ON...#AVALON trading above Resistance of 2123
Next Resistance is at 2733
Support is at 1708
Here are previous charts:
This weekly candlestick chart for Avalon Technologies Limited highlights a strong multi-stage breakout that has evolved into an explosive upside rally.
Key Technical Elements
Breakout Point (~627.00): Following a extended horizontal consolidation, the stock broke above resistance around 627.00 with a high-volume weekly bar, transitioning into a multi-year ascending parallel channel.
Volume Spikes:
First Spike: A major volume bar near the original 627.00 breakout point confirmed strong institutional buying interest.
Second Volume Phase: Sustained higher volume throughout mid-2026 accompanied the price expansion through higher resistance levels.
Support Levels:
627.00: The base structural breakout level.
1,353.00: Former horizontal resistance line that served as a intermediate launchpad.
1,708.00: Marked with a red arrow, this level was recently retested and successfully converted from resistance to a strong dynamic support floor.
Resistance Levels:
Resistance 1 (1,353.00): Prior horizontal hurdle now far behind current price levels.
Resistance 2 (2,123.00): Horizontal boundary line near the top of the upper blue channel boundary, currently being tested around 2,183.80 (+12.52% on the weekly candle).
Resistance 3 (2,733.00): The primary long-term upside Resistance level if the breakout above Resistance 2 holds.
Current Price Action
The stock has surged through the upper blue boundary line of its long-term ascending channel, closing at 2,183.80. A sustained weekly close above 2,123.00–2,183.00 confirms channel expansion toward the next upper target near 2,733.00. Conversely, any rejection or profit booking could pull the stock back down toward 1,708.00 support.
A parallel channel (also known as an ascending, descending, or horizontal channel) is a technical analysis pattern bounded by two parallel trendlines that encompass a security’s price action over time.
Structure & Mechanics
Main Components:
Trendline / Base Line: Connects a series of prominent reaction lows (in an uptrend) or reaction highs (in a downtrend).
Channel Line: Drawn parallel to the trendline, connecting the peaks (top boundary) or troughs (bottom boundary).
Price Movement: Price oscillates between the upper boundary (which acts as dynamic resistance) and the lower boundary (which acts as dynamic support).
Types of Channels
Ascending Channel (Bullish): Characterized by higher highs and higher lows. Indicates a steady uptrend where buying pressure dominates.
Descending Channel (Bearish): Characterized by lower highs and lower lows. Represents a controlled downtrend or corrective pullback.
Horizontal Channel (Consolidation): Moving sideways between static support and resistance lines, signaling market indecision or range-bound trading.
How Traders Use Parallel Channels
Trading Within the Range: Buying near the channel's lower boundary (support) and selling or shorting near the upper boundary (resistance).
Breakout Trading: A strong, high-volume candle breaking outside either boundary signals potential trend acceleration or continuation in the direction of the breakout (as seen in the charts provided previously).
Midline (50% Line): Often, a dashed line is drawn down the middle of the channel. Price reacting to this midline can confirm the channel's validity and act as interim support or resistance.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long
Man Industries (India) Limited - Breakout Setup, Move is ON...#MANINDS trading above Resistance of 706
Next Resistance is at 1030
Support is at 506
Here is previous chart:
This weekly candlestick chart for Man Industries (India) Limited displays a significant bullish breakout from a prolonged consolidation, pushing the stock toward multi-year high territory.
Key Technical Elements
Breakout Zone (~336.00): The stock originally broke out above its downward-sloping consolidation channel (white lines) and horizontal baseline around 336.00 with noticeable volume. After a strong initial push, it formed a higher consolidation range.
Volume Analysis:
First Spike: Expanded trading volume confirmed the initial channel breakout above ~336.00 in mid-2025.
Second Massive Spike: A huge volume inflow occurred in early 2026 as the price cleared previous swing highs, showing sustained buying interest and institutional accumulation.
Support Levels:
336.00: The long-term structural breakout baseline.
506.00: Marked by the red support arrow, this previous horizontal resistance was successfully retested as a solid support floor during recent pullbacks.
Resistance Levels:
Resistance 1 (706.00–715.40): A structural resistance zone near the blue channel upper boundary where the stock is currently trading around 715.40 (+19.34% on the weekly candle).
Resistance 2 (1,030.00–1,050.00): The major upper Resistance level if the price decisively clears and holds above the current Resistance 1 level.
Current Price Action
The stock has produced an aggressive green weekly candle (+19.34%), pushing directly into the 706.00–715.40 resistance zone along the top of the long-term blue ascending channel. A confirmed breakout above 715.40 opens the upside target toward 1,030.00, while a rejection could see price pull back toward intermediate support at 506.00.
A parallel channel (also known as an ascending, descending, or horizontal channel) is a technical analysis pattern bounded by two parallel trendlines that encompass a security’s price action over time.
Structure & Mechanics
Main Components:
Trendline / Base Line: Connects a series of prominent reaction lows (in an uptrend) or reaction highs (in a downtrend).
Channel Line: Drawn parallel to the trendline, connecting the peaks (top boundary) or troughs (bottom boundary).
Price Movement: Price oscillates between the upper boundary (which acts as dynamic resistance) and the lower boundary (which acts as dynamic support).
Types of Channels
Ascending Channel (Bullish): Characterized by higher highs and higher lows. Indicates a steady uptrend where buying pressure dominates.
Descending Channel (Bearish): Characterized by lower highs and lower lows. Represents a controlled downtrend or corrective pullback.
Horizontal Channel (Consolidation): Moving sideways between static support and resistance lines, signaling market indecision or range-bound trading.
How Traders Use Parallel Channels
Trading Within the Range: Buying near the channel's lower boundary (support) and selling or shorting near the upper boundary (resistance).
Breakout Trading: A strong, high-volume candle breaking outside either boundary signals potential trend acceleration or continuation in the direction of the breakout (as seen in the charts provided previously).
Midline (50% Line): Often, a dashed line is drawn down the middle of the channel. Price reacting to this midline can confirm the channel's validity and act as interim support or resistance.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade. 
Long
Education
Education
Global Financial MarketsGlobal financial markets are systems where people, companies, and governments buy and sell financial assets across the world. They help move money from those who have extra funds to those who need funds.
Main Types of Global Financial Markets:
Stock Markets – Buying and selling shares of companies (e.g., NYSE, NSE).
Bond Markets – Governments and companies borrow money by issuing bonds.
Foreign Exchange (Forex) Markets – Trading currencies like USD, EUR, INR.
Commodity Markets – Trading gold, oil, wheat, etc.
Money Markets – Short-term borrowing and lending.
Derivatives Markets – Contracts based on assets like stocks or currencies.
Importance:
Provide funds for business growth
Support international trade
Create investment opportunities
Help manage financial risks
Affect global economies
Example:
If the US stock market falls sharply, markets in Asia and Europe may also be affected because markets are connected globally.
Education
Education
Education
Rategain Travel Technologies Ltd - Breakout Setup, Move is ON...#RATEGAIN trading above Resistance of 985
Next Resistance is at 1234
Support is at 830
Here is previous chart:
This weekly candlestick chart for RateGain Travel Technologies Ltd. demonstrates a strong recovery and breakout structure following a multi-month consolidation and retest pattern.
Key Technical Elements
Breakout Zone (~551.00): After a downward channel/sloping consolidation, the stock initially broke out above the yellow resistance line around 551.00 with strong volume. After an initial run, it pulled back to form a double-bottom base near 438.00–450.00 before resuming its upward trajectory.
Volume Spikes: The two blue volume boxes indicate significant institutional buying:
First during the initial channel breakout mid-way through the move.
Second, a massive volume surge in mid-2026 as the price broke above key structural levels to push toward fresh highs.
Support Levels:
830.00: Marked with a red arrow, this previous resistance level was broken and successfully retested, establishing a firm high-level support floor.
Resistance Levels:
Resistance 1 (830.00): Prior horizontal barrier that has now flipped into support.
Resistance 2 (985.00–990.00): The current test zone along the upper blue ascending trendline, where the stock is trading near 990.00 (+5.03% on the weekly candle).
Resistance 3 (1,234.00): The primary upside Resistance if price clears and sustains above the 985.00–990.00 trendline.
Current Price Action
The stock is testing the upper blue trendline resistance around 985.00–990.00. A sustained weekly close above this level opens a direct path toward 1,234.00. If rejected, the price may retest the immediate support floor at 830.00.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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21st Aug 2026 Nifty Report — 114pts down, but neutralNifty Stance: Neutral
Last week we had a bearish stance, and Nifty fell 114pts (0.47%). A major fall was averted as we defended the 24000 psychological level. This now means Nifty is unable to break out above 24700 and break down below 24000. You won't believe, we are trading at exactly the same level as we were on 15th April 2026, so the wider consolidation continues.
The first thing you can notice from this chart is the slope of the blue and green moving averages. They are negatively sloped, indicating bearishness, but on Friday both have converged and are now moving parallel to the X-axis, indicating a neutral stance.
We expect Nifty to continue defending the 24000 levels next week also, unless there is severe negative geopolitical news from the West Asia war.
Important Things to Watch for the Next Week
1. Data points to watch from a domestic perspective: Forex Reserves, M3 money supply, Industrial Production.
2. Data points to watch from a global perspective: US GDP, Crude Oil Inventories, Jobless claims.
3. IPO Listing: Horizon Industrial Parks, Lalithaa Jewellery Mart, Fascinate Textiles on 24th, Shankesh Jewellers & Sunshine Pictures on 25th, Gaja Alternative Asset Management, Dhanwel Hybrid Seeds, Mopshop Distribution on 26th August.
4. If Nifty goes up, the resistance levels to watch are 24335, 24425, and 24613. If Nifty falls, the support levels are 24192, 23925, and 23793.
DISCLAIMER
Investments in the securities market are subject to market risks, including the potential loss of principal. Past performance does not guarantee future results. Information provided is for educational purposes only and should not be considered financial advice. Investors should read all related documents carefully and consult a certified advisor before investing. Registration granted by SEBI and Enlistment with RAASB/BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The investor is requested to take into consideration all the risk factors before actually trading in stocks or derivatives. The SEBI RIA license INA000021757 & RA license INH000025045 are for Balachandran RV
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