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Mazagon Dock (MAZDOCK) — Second Test of the 0.786 Fib ZoneOverview Mazagon Dock has pulled back hard from its highs, and price is now testing an important support zone for the second time. Let's look at what's happening and what to watch for. What's Happening The stock had a strong run from 1,926 all the way up to 3,775, and has been falling back since then. Right now, price is sitting at the 0.786 Fib level (2,321.90) — and this is actually the second time it's come down to test this exact zone. That matters. A level that gets tested once and holds is good. A level that gets tested twice and still holds is usually seen as stronger, since more traders are now watching and defending that price. There's also a falling trendline resistance from the highs still in play, and the Weekly 50 EMA (2,510) sits just above current price too — so even if this support holds, there's a bit of a fight waiting above. Key Levels to Watch Support Zone (being tested now): 2,321–2,342 (Fib 0.786) Bigger support below: 1,926 (Major Support) and Weekly 200 EMA (1,812) Resistance above: Weekly 50 EMA (2,510), then the trendline resistance further up Next Fib levels up if it bounces: 2,632 (0.618), then 2,850 (0.5) Two Ways This Can Go If support holds again: This would be the second successful defense of this zone, which is a good sign. Watch for a bounce back toward the 50 EMA (2,510) as the first hurdle. If support breaks this time: A close well below 2,321 would mean the zone has finally given way, and the next real support to watch would be much lower, near 1,926 and the 200 EMA around 1,812. Beginner's Lesson Not all support levels are equal. A level that's been tested and held more than once tends to carry more weight, simply because more people remember it and act around it. That said, no level holds forever — eventually, even strong support can break if selling pressure is strong enough. This is why we always wait for confirmation rather than assuming a level will hold just because it did before. Conclusion Mazagon Dock is at an interesting second test of a key support zone. As always, we're watching for confirmation rather than guessing which way it goes. We'll post an update once this resolves one way or the other. For educational purposes only. Not financial advice. Always manage your risk.
NSE:MAZDOCK
by Hkd88
Dixon Technologies: Long-Term Recovery Setup Near Key Fibonacci Trend (Long-Term Structure): Dixon Technologies remains in a long-term bullish structure despite the recent correction. After a strong multi-year rally, the stock entered a corrective phase and is now attempting to stabilize near an important support zone. The larger trend remains positive as long as major support levels continue to hold. Price Structure + Fibonacci: Price corrected from the high around 19,174 and reached an important Fibonacci support region. • 0.5 level: 10,845 • 0.618 level: 8,879 The stock has recently bounced from the support zone and is now attempting to move back above the 0.5 level. This indicates that buyers are becoming active near important retracement levels. Volume Analysis: Recent candles show healthy participation near lower levels. During the correction phase, volumes increased, and now recent recovery candles suggest that buying interest is gradually returning. Continued volume expansion would improve the probability of sustained upside. RSI Analysis: RSI is around 49 and recovering from the lower region near the 40 level. Momentum weakened during the correction, but RSI is now showing signs of recovery. A move above 60 would indicate stronger bullish momentum returning. Current View: The stock appears to be in a base-building phase after a substantial correction. Buyers are defending important Fibonacci levels, and price action suggests that the stock is trying to shift from correction mode into recovery mode. Trading perspective: • Immediate resistance: 10,800–11,000 • Higher resistance: 13,000–15,000 • Immediate support: 8,850–9,000 • Strong support: 7,500–8,000 • Bullish confirmation: Monthly close above 11,000 with strong volume • Bearish confirmation: Monthly close below 8,850 Current View: This currently looks like a long-term positional setup where the stock is attempting to recover after a major correction. As long as the 8,850–9,000 zone holds, the probability favors gradual upside movement over the coming months.
NSE:DIXONLong
by PowerOfTA
Eternal/Zomato can be exceptional stock for next 5 years Based on my Elliott Wave analysis, Eternal (formerly Zomato) appears to have completed a larger Wave 2 correction and may now be forming multiple nested 1–2 wave structures. If this interpretation is correct, the stock could be preparing for a strong Wave 3 advance, which is typically the most powerful phase in an Elliott Wave cycle. From a business perspective, the investment thesis also looks compelling. Eternal provides exposure to multiple long-term growth segments through its food delivery business and Blinkit, giving investors participation in both online food delivery and the rapidly expanding quick-commerce market. If execution remains strong, profitability continues to improve, and the Wave 3 scenario plays out as expected, the stock has the potential to become a multibagger over the long term. That said, Elliott Wave analysis is a probabilistic framework rather than a certainty, so risk management and monitoring business fundamentals remain important.
NSE:ETERNALLong
by Zillioncapitals
Technical Swing Setup: Eicher Motors (EICHERMOT)A textbook technical setup is unfolding on Eicher Motors, offering a highly favorable 1:2 Risk-Reward profile based on long-term structural charting. Trade Parameters: Entry Range (LTP): ₹7,564 Target: ₹8,150+ Stop Loss: ₹7,300 Duration: 10–15 Trading Days Analysis Insights: The downside risk is strictly contained to 3.5% against a potential 7.7% capture window, satisfying professional expectancy models. Manage your risk accordingly. Happy Investing!
NSE:EICHERMOTLong
by ChartsBoltahai
How Monthly Structure Shapes Weekly Behavior🟢 This post is educational and observational in nature based on historical price action across multiple timeframes. It is not a forecast or a trading recommendation. 📈 Higher Timeframe A higher timeframe refers to a chart view that compresses more time into each candle, such as monthly or weekly charts compared to daily or hourly ones. Higher timeframes tend to filter out short term noise and reveal the broader structural context a stock is trading within. 📏 Monthly Trendline Marked in green, this trendline is drawn purely on the monthly timeframe. A trendline connects a series of highs or lows to reflect the underlying direction of price over a longer horizon, and because it originates from the monthly chart, it carries more structural weight than a trendline drawn on a lower timeframe. 📉 Bringing the Monthly Into the Weekly On the right side of this post, the same monthly trendline has been carried over and overlaid onto the weekly timeframe. This is a deliberate multi timeframe approach, since a line drawn on a higher timeframe often continues to act as a relevant reference point even when viewed on a lower one. 🔄 The Flip Zone on the Weekly Once overlaid, this level shows a clear flip zone on the weekly chart. What was previously acting as resistance on the weekly timeframe has, after being broken, converted into support ↩️ The Counter Trendline Marked in white is a counter trendline, drawn against the direction of the primary trend. It is used to track corrective or pullback phases
NSE:UPLLong
by Averoy_Apoorv_Analysis
RELIANCE 1D Bearish Confirmation After Short Term Bullish RunThe move higher was helped by optimism around the proposed Jio Platforms IPO, which could unlock value for Reliance shareholders, alongside expectations around its AI, new-energy and digital businesses. More recently, Reliance also reported stronger than expected quarterly results, with strength in its O2C and Jio businesses. But despite the fundamental strength and the recent rally, my technical bias is still bearish on the higher timeframe. Reliance has been in a broader downtrend after rejecting from the ₹1,575–₹1,600 region. Since then, price has been creating a series of lower highs and lower lows. The recent rally has brought price back toward the ₹1,350 area, which is an important resistance zone and the level I have marked for a potential short. My expectation is that price could first push higher into this area, potentially creating the liquidity needed for the next leg down. From there, I would be watching for confirmation of my bearish idea. The long-term target I have marked is around ₹1,111, which is the previous major low and the area where I expect price could eventually seek liquidity. So my technical idea is: Retracement into ₹1,350 → rejection → bearish continuation → ₹1,111 long-term target. The recent pump does not invalidate the bearish structure for me. In fact, a retracement higher into resistance could provide the exact setup I am waiting for.
NSE:RELIANCEShort
by EmpressBTC
LAXMIINDIA: Bullish Trendline Rebound & Inst. AccumulationOverview : Laxmi India Finance Limited (LAXMIINDIA) is displaying a compelling bullish setup on the daily (1D) timeframe. After a volatile correction that saw the stock drop from its recent highs, it has found solid footing at a critical structural support level. The current price action at ₹112.15 reflects a healthy rebound from a well-defined ascending trendline, signaling that buyers are stepping in to defend the trend. Fundamental Catalyst (The "Smart Money" Factor) : Institutional interest continues to be a major tailwind. Notably, Ace investor Mukul Agrawal increased his stake by an additional 0.75%, bringing his total holding to 4.58%. This "highly aggressive stake enlargement" acts as a powerful fundamental floor and a strong signal of long-term conviction from institutional smart money. Key Technical Observations : Trend Direction & Moving Averages : The stock is currently trading within a dense Moving Average (MA) Ribbon (spanning approx. ₹108 to ₹119). While the price is oscillating within this ribbon, the recent bounce off the ascending trendline suggests that the primary bullish trend is attempting to re-assert itself. A sustained breakout above the ₹119–₹125 resistance zone would be the next major technical confirmation. Momentum (RSI) : The Daily RSI is currently at 54.35, trending above its RSI-based moving average of 50.81. This confirms that bullish momentum is gaining ground and the stock has shifted into a favorable state for potential further upside. Chart Pattern : The stock has successfully printed a sequence of Higher Lows (HL) along the ascending trendline, maintaining the structural bullish integrity despite the recent corrective price action. Key Levels to Watch : Immediate Resistance : The overhead supply zone near ₹125.12. Breaking this level with volume is key to resuming the previous uptrend toward the ₹140+ territory. Critical Support : The ascending trendline support near ₹108–₹110. Holding this line is essential to maintaining the current bullish bias. A failure to hold this support would suggest a breakdown of the current structure. Directional Bias: BULLISH (Buy on Dips / Hold) The convergence of the ascending trendline bounce and continued aggressive accumulation by high-profile investors like Mukul Agrawal makes this a high-reward setup. For New Entries : Accumulation near the current levels or on slight dips toward the trendline (₹108–₹110) offers a favorable risk-to-reward ratio. For Existing Positions : HOLD. Trail your stop-loss below the ascending trendline to protect capital while allowing the macro uptrend to play out. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage your risk/position sizing according to your personal financial goals.
NSE:LAXMIINDIALong
by bhanushalimonish
Cera Sanitaryware LtdRating: Moderately Bullish (Medium Term) (8/10) Latest Positives Premium building materials brand with leadership in sanitaryware, faucets and wellness products. Debt-free balance sheet, strong cash generation and consistently high return ratios. Management expects retail demand recovery and healthy project demand to continue in FY27. Recent price hikes have been absorbed by the market without impacting demand materially. The company expects growth from premiumization, distribution expansion and market share gains, especially as some Morbi manufacturers continue facing operational challenges. Latest Risks / Negatives Building materials demand is still linked to the real estate cycle. Valuation remains higher than several peers, leaving less room for disappointment. Technically, the stock is still below its long-term falling trendline around ₹6,500-6,700. Latest News & Analysts' Commentary Prabhudas Lilladher: BUY, Target ₹7,429 citing retail recovery, premiumization and market share gains. Motilal Oswal: Positive after Q4, Target around ₹6,850, expecting healthy growth guidance. CRISIL reaffirmed AA/Stable rating, highlighting CERA's strong market position and diversified business. Technical View Indicating a bullish Flag and Pole pattern and is retesting. The stock has bounced strongly from ₹4,700-4,900, indicating a medium-term bottom. RSI is around 57, showing improving momentum. Price is facing resistance around ₹6,300-6,500. A breakout above ₹6,500 could trigger a move toward ₹7,000-7,400. Volume has improved during the recent recovery, which is constructive. Best Entry Ideal accumulation: ₹5,850-6,050 Aggressive buy: Around current levels if it sustains above ₹6,000. Breakout buy: Above ₹6,500 with strong volume. Stop Loss Conservative: Weekly close below ₹5,700 Targets Target 1: ₹6,500 Target 2: ₹7,000 Target 3 (6–12 months): ₹7,400-7,700 Among building-material companies, CERA remains one of the highest-quality businesses, although investors pay a premium for that quality. Delivery Percentage Recent trading sessions indicate healthy delivery-based buying, with improving volumes during the recovery phase. No signs of excessive speculative activity; the buying appears more positional than purely intraday. (Daily delivery percentages fluctuate, but the recent trend has been constructive.) Final Verdict Investment Rating: Accumulate on Dips Risk: Medium-Low Confidence: 8/10 Probability of reaching ₹7,000 within 6–12 months: 70–75%, provided housing demand remains healthy and the stock confirms a breakout above ₹6,500. Key Levels to Watch ✅ Strong Support: ₹5,700-5,850 ✅ Buy Zone: ₹5,850-6,050 ✅ Breakout: ₹6,500 🎯 Medium-Term Target: ₹7,000-7,400
NSE:CERALong
by BaisaniJaswanth