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LICHSGFIN - Final leg of correction to test 500 levelsCMP: 540 TF: 75 minutes larger TF structure is bullish, but this is the C leg of 2nd wave down. Expect this run to go below 520 and then move up strongly in the 3rd wave rise. Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
NSE:LICHSGFIN
by Murthy_Santhosh
3
Ascending Triangle Breakout SetupUNO Minda is currently trading around ₹1,276 and appears to be consolidating within a symmetrical/ascending triangle pattern after a strong impulsive rally from the ₹1,160 zone. Price has respected the rising trendline multiple times while sellers have been defending the upper trendline near ₹1,280-1,290. Technical Observations ✅ Strong uptrend preceding the consolidation, indicating a continuation pattern. ✅ Higher lows suggest sustained buying interest and accumulation. ✅ Recent bounce from the lower trendline has taken price back to the upper boundary of the triangle. ✅ RSI (14) at ~59 is above the midline and trending upward, indicating improving bullish momentum without being overbought. ✅ Multiple tests of resistance typically weaken supply, increasing the probability of an upside breakout. Key Levels Resistance Zone: ₹1,280 - ₹1,290 Breakout Confirmation: Sustained move above ₹1,290 with volume Immediate Target: ₹1,320 Extended Targets: ₹1,350 and ₹1,380 Support Zone: ₹1,260 Pattern Invalidation: Hourly close below ₹1,240 Trading Strategy Aggressive Entry: Current levels near ₹1,275-1,280 Conservative Entry: After a confirmed breakout above ₹1,290 Stop Loss: ₹1,240 Risk-Reward: Approximately 1:2.5 to 1:4 depending on target selection Outlook The structure remains constructive as long as the stock holds above the rising support line. A decisive breakout above the triangle resistance could trigger the next leg of the uptrend towards the ₹1,320-1,350 region in the near term. Traders should watch for a volume expansion on breakout for higher conviction. Disclaimer: This is a technical analysis based solely on price action and chart structure, not investment advice. Manage risk appropriately. #UNOMINDA #NSE #TechnicalAnalysis #SwingTrading #BreakoutTrading #PriceAction #IndianStockMarket #TradingView #Bullish #StockMarketIndia
NSE:UNOMINDALong
by yashthakkar23
MCX for 3100? 10% upmove possible from the current levelsTF: 75 Minutes CMP: 2750 The fall from 3450-3500 levels seem to have completed a 5 wave down move. In the corrective rise to follow, the A and B wave already done (or close to the completion) and the most rewarding C wave to follow taking it towards 3000 to 3100 (A=C) In the Daily TF, price is expected to go down deep (around 2200-2400), but that's for another day. This is a short term trade set up. Internal counts are marked for easy understanding Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
NSE:MCX
by Murthy_Santhosh
TREND REVERSAL IN CYIENT LTD-- EDUCATIONAL PURPOSECyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad. Stock made high of 2287 in December 2023, after that it crashed and came down to 750.30 in Mar 2026 i.e.-68% correction in 2 years and 3 months. Then stock entered consolidation phase and now breakout is seen with higher high higher low formation this week. This indicates initiation of uptrend and could be the possible turnaround in the stock. Increase in the volumes also support the turnaround. It has potential to grow and continue the momentum. Long position can be initiated at re test level 990. TARGET : 3973 (290%) STOP LOSS : 750 ON WEEKLY CLOSING BASIS (-24%) RR RATIO : 1:12 TIME HORIZON : 10 YEARS ( TILL AUG 3036) ONLY FOR INVESTMENT PURSPECTIVE, NOT FOR SHORT TERM TRADING
NSE:CYIENT
by mgvirus1
BREKOUT ABOVE 52 WEEK HIGH IN MOREPEN LAB-- EDUCATIONAL PURPOSEMorepen Laboratories Ltd is engaged in the business of manufacturing, producing, developing and marketing a wide range of Active Pharmaceutical Ingredients (APIs), branded and generic formulations and also the Home Health products. Stock made high 100.47 in Sept 2024 and corrected after that, made low of 33.05 in March 2026 which is -67% correction in one and half year. Stock took turnaround from that low by making double bottom formation and it successfully crossed previous high formed in Sept 2024 last week. This week also stock closed decisively above previous week high and closed at 106.20 Also increase in the volume is noted since last 10-12 weeks which adds strength to the breakout. Long position can be initiated at retest level 89-90 TARGET : 235 (164%)V(FIBO) STOP LOSS : 72.50 ON WEEKLY CLOSING BASIS (-18.5%) RR RATIO : 1:8.8 TIME HORIZON : 7 YEARS (TILL 2033) ONLY FOR INVESTMENT PURSPECTIVE, NOT FOR SHORT TERM TRADING
NSE:MOREPENLABLong
by mgvirus1
BUY STOPLOSS 2448**5 Key Rules for Trendline Breakout Trading:** * **Valid Trendline:** Draw a line connecting at least 2–3 major swing highs or lows. * **Candle Close:** Enter only after the candlestick closes clearly beyond the trendline. * **Volume Confirmation:** Ensure high volume on the breakout candle to confirm strength. * **Stop-Loss Placement:** Set a stop-loss just below the breakout candle or recent swing low. * **Target Setting:** Aim for the next major resistance level or a minimum 1:2 Risk-to-Reward ratio.
NSE:GLENMARKLong
by patelketul121
1
NAZARA TECHNOLOGIES: Cup & Handle Breakout — Can ₹419 Be Next? Nazara Technologies is showing a textbook-looking Cup & Handle formation on the weekly chart. The stock has spent several years forming a broad Cup, followed by a relatively smaller Handle consolidation. The important resistance zone around ₹359–₹360 has now been breached, with the current weekly candle trading around ₹380. 🔥 Why this setup is interesting 🔹 Clear long-term Cup & Handle structure 🔹 Price has broken above the ₹359–₹360 resistance zone 🔹 Breakout is accompanied by increased volume 🔹 Weekly RSI is around 76, indicating very strong momentum 🎯 Target The immediate major resistance/target zone is around ₹419, which corresponds to the previous all time high from 2021. Therefore, ₹419 is my first target zone after the breakout. From the current price around ₹378, this represents roughly 11% potential upside to ₹419. I would watch the price reaction carefully around ₹419 because this is an important historical supply zone. 📊 Key Levels Breakout Zone: ₹359–₹360 Current Price: ~₹378 First Target: 🎯 ₹419 Breakout Retest Zone: ₹350–₹360 Important Support: ₹325–₹340 🔄 Breakout Retest Scenario The ideal bullish scenario would be: ₹359 breakout → move higher → retest ₹350–₹360 → successful bounce → continuation toward ₹419 If the old resistance around ₹359–₹360 turns into support, it would provide stronger confirmation that the breakout is genuine. On the other hand, a decisive move back below the breakout zone could indicate a false breakout. ⚠️ One Important Concern: RSI Weekly RSI is currently around 76, which indicates very strong momentum but also an overbought condition. That doesn't automatically mean the stock must fall. In strong trending stocks, RSI can remain above 70 for extended periods. A retest/consolidation after the breakout could provide a more attractive risk-reward setup. 📈 My Technical View Bullish above ₹359–₹360. The long-term Cup & Handle structure makes this breakout particularly interesting. If ₹359–₹360 successfully transforms from resistance into support, the next major level I would watch is ₹419. A sustained move above ₹419 would be even more significant because it would take the stock beyond its previous major high and potentially put it into price discovery. Disclaimer: This is a technical-analysis view and not a buy/sell recommendation.
NSE:NAZARA
by jeet20
COFORGE: 7-Year Trend + ATH Breakout SetupCoforge is approaching a potentially significant breakout on the weekly timeframe. After a strong recovery from the 2026 correction, price has once again reached the ₹1,980–₹2,000 zone, which has acted as a major resistance area in the past. The current structure is interesting because: 🔹 The broader weekly trend remains bullish 🔹 Price has formed a strong sequence of higher highs and higher lows after the 2026 bottom 🔹 Weekly RSI is around 73, indicating strong momentum 🔹 Price is now testing/attempting to move beyond the previous major high around ₹2,000 🚀 Breakout Scenario A weekly close above ₹2,000–₹2,010 would be an important confirmation that buyers have finally overcome the long-term resistance zone. If the breakout sustains, the stock could enter a price-discovery phase, where previous resistance levels no longer provide meaningful overhead supply. Possible upside zones I would watch: ₹2,200 → ₹2,400 → ₹2,600+ 🎯 Key Levels Resistance / Breakout Zone: ₹1,980–₹2,010 Breakout Confirmation: Weekly close above ₹2,010 First Upside Zone: ₹2,200 Second Upside Zone: ₹2,400 Extended Target: ₹2,600+ Important Support: ₹1,850–₹1,900 ⚠️ Invalidation The bullish breakout thesis would weaken significantly if price breaks back below the ₹1,850–₹1,900 zone after a failed breakout. A decisive move back below the recent breakout structure would suggest that the move above ₹2,000 was a false breakout rather than the beginning of a new uptrend. 📊 Momentum Weekly RSI is currently around 73, which shows very strong momentum but also means the stock is in an extended zone. This is a technical analysis setup, not a buy/sell recommendation.
NSE:COFORGELong
by jeet20
WOCKHARDT - ATH & CUP BREAKOUTWockhardt is currently demonstrating immense structural strength on the monthly timeframe, staging a massive breakout above its long-standing historical resistance. After peaking roughly a decade ago, the stock endured a severe multi-year markdown phase followed by a grueling, protracted basing process. What is most striking about the current setup is the sheer velocity and conviction of the recovery on the right side of this structural base. Over the recent periods, a steep, almost parabolic sequence of strong monthly advances has highlighted aggressive accumulation. This relentless momentum has propelled the price straight through the major overhead supply zone (marked by the red resistance line) that had capped the stock for over ten years. A sustained monthly close above this critical threshold confirms a major multi-year breakout. By decisively clearing a decade of historical resistance and pushing into new territory, Wockhardt is effectively entering price discovery mode, which could serve as the launchpad for a powerful new secular uptrend.
NSE:WOCKPHARMALong
by Scooorpionnn
BHEL - ATH & CUP BreakoutBHEL is currently executing one of the most significant macro breakouts in the market, completing a monumental 'Cup' pattern that has been nearly two decades in the making. Following its peak during the 2007-2008 bull cycle, the stock suffered a brutal, multi-year decline, eventually bottoming out and spending a decade in a prolonged, grueling basing phase. The right side of this massive cup is defined by extreme bullish conviction. Over the past few years, aggressive momentum has relentlessly driven the price higher, completely retracing the historical decline and returning to the scene of its historic peak. What we are witnessing now is a definitive All-Time High (ATH) breakout. The price has aggressively surged past the multi-decade resistance zone (indicated by the red horizontal line). Decisively clearing this 16+ year ceiling absorbs a massive amount of historical overhead supply and signals a major structural regime shift. Sustaining this level puts BHEL firmly into price discovery mode, paving the way for a powerful new secular uptrend.
NSE:BHELLong
by Scooorpionnn
IFCI - ATM & CUP BreakoutOn the monthly timeframe, IFCI is presenting a monumental technical setup, carving out a massive "Cup" pattern that has been nearly two decades in the making. Following its parabolic surge and subsequent collapse during the 2008 market cycle, the stock spent over a decade trapped in a deep, prolonged basing phase. What makes the current structure so compelling is the sheer aggression of the recovery on the right side of the cup. Over the last few years, we have seen a dramatic shift in momentum, characterized by steep, high-volume monthly advances that have propelled the price right back to the scene of the 2008 crash. The stock is currently testing the critical historical supply zone (highlighted by the red resistance band). A decisive monthly close above this macro resistance level would be historic. It would not only complete this massive 15+ year cup pattern but also trigger a major breakout, effectively clearing out over a decade of overhead supply and potentially setting the stage for a powerful new secular bull run.
NSE:IFCILong
by Scooorpionnn