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OFSS: Breakout from Structure – What Traders Should Know📈 Oracle Financial Services Software Ltd(OFSS) – TECHNICAL ANALYSIS 📆 Date: May 27, 2025 🔍 Timeframe: Daily _______________________________________________________________ 📌 Overall View: Strong Breakout with Heavy Volume The chart of Oracle Financial Services Software (OFSS) shows a very important move — the stock has broken out of a tight price range after several days of sideways movement. This kind of breakout generally signals the start of a new upward trend, especially when supported by strong trading volume, as seen here. Volume refers to how many shares are being traded — when more people are buying a stock, volume increases, which helps confirm the strength of the price movement. _______________________________________________________________ 📌 Price Movement and Trend The stock was previously trading in a narrow zone, moving between support and resistance levels. Recently, it has given a strong breakout candle — this means it closed well above its earlier resistance level of around ₹9,520. Such a breakout is often a sign that new buyers are entering the stock in large numbers. This candle also has a long body, which means the price moved significantly during the day. It closed near the day’s high, showing buyers were in control right till the end. This is a bullish signal, meaning we can expect higher prices in the coming days if this momentum continues. _______________________________________________________________ 📌 Chart Pattern: Ascending Channel Formation: Price was moving within a rising channel, marked by higher highs and higher lows. Box Consolidation: A tight sideways range formed inside the channel, showing accumulation just below key resistance. Dual Breakout: Price broke out above both the consolidation box and the channel’s upper boundary — a powerful bullish signal. Volume Confirmation: Breakout accompanied by high volume, validating the strength of the move. Trend Continuation Setup: This pattern indicates strong potential for further upside as the stock exits consolidation with momentum. _______________________________________________________________ 📌 Support and Resistance: Resistance Levels: 9,520 (recently crossed), with next targets at 9,625, 9,757, 9,995 Support Levels: 9,255, 9,017, 8,885 (Immediate), and 7,038 (Major support zone) Upside Potential: Further extension possible toward 10,300+ if bullish strength continues _______________________________________________________________ 📌 Volume Analysis: The Power Behind the Move One of the most powerful confirmations of this breakout is the high volume. On the breakout day, over 3.9 lakh shares were traded — which is much higher than its usual average volume of 1.4 lakh shares. Why is this important? Because high volume during a breakout means big investors are participating — and that adds strength to the move. Think of it like a crowd cheering for the stock — the louder the cheer (volume), the more powerful the move. _______________________________________________________________ 📌 Technical Indicators: Several commonly used technical indicators are currently supporting a bullish outlook for the stock. The Relative Strength Index (RSI) is around 73 on the daily chart, indicating strong momentum, though slightly in the overbought zone. However, being overbought doesn’t necessarily signal a reversal—it simply reflects rapid upward movement. The Stochastic indicator is also above 90, further confirming strong buying interest and demand. The MACD (Moving Average Convergence Divergence) is positive on both daily and weekly charts, suggesting bullish momentum in both the short and medium term. Additionally, the Commodity Channel Index (CCI) is above 300, which is extremely bullish and points to powerful price momentum. While some indicators may appear overbought, this is common during strong uptrends and usually not a concern unless there is a sudden sharp reversal in price. _______________________________________________________________ 📌 Trade Setup: Entry Price: ₹9,520 Stop Loss: ₹9,137 R:R - 1:1 | 1:2 + _______________________________________________________________ 📌 What Could Go Wrong? (Risk Factors) No trade is without risk. Here’s what to watch out for: The stock is already in a strong up-move and may take a short break (a pullback or sideways movement) before continuing higher. If the price falls back below ₹9,137 and closes there, it may mean the breakout has failed — that would be a signal to exit. However, as long as the price holds above ₹9,520, the breakout remains valid and the trend is upward. _______________________________________________________________ 📌 What to Expect Next? If the breakout continues, the price may first head toward ₹9,995, which is the next logical resistance. If that level is crossed, we could even see levels like ₹10,300 in the coming days or weeks. If the stock comes down and retests ₹9,255 or ₹9,017 (the next support zones), it may give another opportunity to enter at lower levels — as long as it holds above ₹9,137. Prescence on demand zone below this level: _______________________________________________________________ 📌 Final Words for Beginners This is a textbook example of a breakout trade — the kind that many successful traders look for. The move is supported by volume, indicators, and price action — all aligning together. But remember, even strong setups need proper risk management. Always use stop-loss and avoid overtrading. ✨ A good trade is not one that always wins, but one that manages risk well and gives you an edge over time. _______________________________________________________________ 📌 Disclaimer • This content is for educational and informational purposes only. • It does not constitute financial advice or a buy/sell recommendation. • Trading involves significant risk. • Please consult a SEBI-registered advisor before making trading decisions. • The author is not SEBI-registered and holds no responsibility for your trades. • Always do your own research and manage your risk carefully. _______________________________________________________________ 👇 What’s Your View on OFSS? • Will OFSS continue its breakout momentum or pull back to retest support? • Are you seeing signs of a continuation or a pause in the trend? • Drop your chart setups, indicators, or analysis in the comments! _______________________________________________________________ 🚀 Was this helpful? Tap that 🔼 Boost button so more traders can catch this breakout opportunity! Let’s grow together by learning from each other. _______________________________________________________________ 🧠 Trade with Patience. Trade with Confidence. 🔔 Follow @simpletradewithpatience for daily technical insights & intraday setups! _______________________________________________________________
NSE:OFSSLong
by simpletradewithpatience
3
Bulish Breakout in Tata Power ⚡ Tata Power – Bullish Reversal Pattern on Daily Chart Chart: Tata Power – Daily Timeframe Tata Power has formed a strong bullish reversal setup after retesting a key support zone near ₹420. The stock has shown strong buying interest with rising volume and a bullish engulfing candle, indicating a potential start of a new upward leg. 🔹 Technical Highlights: Price bounced from previous swing support (₹420–₹425) Bullish engulfing candle + volume surge = strong buyer presence RSI reversing from 50 zone and trending upward 20 EMA acting as dynamic support 📌 Trade Plan: Entry Zone: ₹430–435 Target 1: ₹450 Target 2: ₹470 Stop Loss: Below ₹420 (closing basis) The broader trend remains positive, and this could be the beginning of a new up-move. A breakout above ₹440 on strong volume would further confirm the bullish trend continuation. ⚠️ This analysis is for educational purposes only. Please do your own research before trading.
NSE:TATAPOWERLong
by STOCKSWALLET_
2
Oracle Fin Serv Soft LTD - Rounding Bottom📈 ORACLE FIN SERV SOFT LTD (OFSS) – Swing Long Setup Forming! 🚀 Ticker: NSE:OFSS CMP: ₹9,492 Setup: MACD Reversal + Range Retest + PSAR Flip in Progress Target: ₹12,600+ Upside Potential: +32% 🔍 Why I’m Watching This: 🔸 MACD Bullish Crossover confirmed with green dot + rising histogram 🔸 Price consolidating after a long correction – possible range breakout zone 🔸 PSAR about to flip from red to green on weekly 🔸 RSI recovering from oversold territory 🔸 Decent volume pickup after multi-week downtrend 🎯 Trade Plan: Entry Zone: ₹9,200–₹9,500 Stop Loss: ₹8,267 (below range low) Target 1: ₹10,800 Target 2: ₹12,600+ RR: ~2.5:1 A clean high base + confirmation across multiple indicators. Will build position in legs – trend reversal could play out strong. 💬 What’s your view on OFSS? Are you tracking this too? 📌 Follow me for more high-probability swing setups based on momentum + structure logic.
NSE:OFSSLong
by Arthavidhi
1
JP Power: Breaking Out After 6-Month ConsolidationNSE:JPPOWER : Breaking Out After 6-Month Consolidation Price Action Analysis: • Long-term Trend: Stock has been in a prolonged downtrend from highs of ₹23.77, finding support around ₹12.36 • Recent Pattern: Clear consolidation phase from December 2024 to May 2025 within a rectangular range • Current Movement: Sharp breakout from consolidation with strong volume confirmation • Momentum: Bullish momentum building with gap-up opening and sustained buying Volume Analysis: • Volume Pattern: Significant volume spike during current breakout session • Volume Confirmation: Current volume of 195.09M vs average of 41.29M indicates strong institutional participation • Historical Volume: Notable volume spikes during previous breakout attempts in October 2024 • Volume Quality: Expansion on up-moves and contraction during consolidation phases Key Technical Levels: Support Levels: • Immediate Support: ₹16.35 (previous resistance turned support) • Strong Support: ₹15.50-16.00 (consolidation base) • Critical Support: ₹12.36 (52-week low and major support zone) • Long-term Support: ₹12.00-12.50 (multiple bounce zone) Resistance Levels: • Immediate Resistance: ₹18.50-19.00 (previous swing high zone) • Major Resistance: ₹20.00-20.50 (psychological level and previous rejection zone) • Target Resistance: ₹22.00-23.00 (measured move target) • Ultimate Resistance: ₹23.77 (52-week high) Base Formation: • Base Type: Rectangular consolidation base • Base Duration: Approximately 6 months (December 2024 to May 2025) • Base Range: ₹12.36 to ₹16.35 • Base Depth: Approximately 25% from highs • Base Quality: Well-defined with multiple tests of support and resistance Technical Patterns Identified: Primary Pattern: • Pattern: Rectangle/Box Consolidation with Breakout • Formation Period: December 2024 to May 2025 • Breakout Confirmation: Volume-backed breakout above ₹16.35 • Pattern Reliability: High, given the extended consolidation period Trade Setup: Entry Strategy: • Primary Entry: ₹17.50-17.80 (current levels with momentum) • Pullback Entry: ₹16.50-17.00 (if stock retraces to test breakout level) • Aggressive Entry: ₹18.00+ (breakout continuation trade) • Conservative Entry: Wait for weekly close above ₹17.50 for confirmation Exit Levels: • Target 1: ₹19.50-20.00 (10-12% upside, resistance zone) • Target 2: ₹22.00-22.50 (25-27% upside, measured move) • Target 3: ₹24.00+ (35%+ upside, extension target) • Trail Stop: Use a 15-20% trailing stop once the first target is achieved. Stop Loss Strategy: • Initial Stop Loss: ₹15.50 (below consolidation base) • Risk: 12-15% from current levels • Tight Stop: ₹16.00 (for aggressive traders) • Weekly Close Stop: Below ₹15.80 on weekly closing basis Position Sizing & Risk Management: Position Sizing Guidelines: • Conservative Approach: 2-3% of portfolio (given sector risks) • Moderate Approach: 3-5% of portfolio • Aggressive Approach: 5-7% of portfolio (only for risk-tolerant investors) • Maximum Allocation: Not more than 10% due to sector concentration risk Risk Management Framework: • Risk per Trade: Limit to 1-2% of total capital • Reward-to-Risk Ratio: Minimum 1:2, targeting 1:3 • Portfolio Heat: Consider correlation with other power/infrastructure stocks • Sector Exposure: Monitor total exposure to the power sector Sectoral Backdrop: Power Sector Overview: • Sector Trend: Power sector showing signs of revival with government's focus on renewable energy • Policy Support: Government initiatives for power infrastructure development • Demand Scenario: Growing power demand with industrial recovery • Investment Climate: Increased capex allocation for power infrastructure Industry Dynamics: • Renewable Push: Shift towards renewable energy, creating opportunities • Transmission Focus: Grid strengthening and transmission line expansion • Financial Health: Gradual improvement in power sector financials • Regulatory Environment: Supportive policies for power sector growth Fundamental Backdrop: Company Profile: • Business: Power generation, transmission, and infrastructure development • Promoter Group: Jaiprakash Associates Group • Market Cap: Mid-cap power sector player • Operational Status: Multiple power projects across different states Key Fundamental Factors: • Debt Levels: High debt burden remains a key concern • Asset Quality: Mix of operational and under-construction assets • Revenue Visibility: Power purchase agreements providing revenue stability • Execution Risk: Project completion and commissioning risks • Financial Stress: Historical financial challenges and restructuring efforts Recent Developments: • Debt Resolution: Ongoing efforts for debt restructuring and resolution • Project Status: Updates on project commissioning and operations • Regulatory Approvals: Progress on pending regulatory clearances • Strategic Initiatives: Focus on operational efficiency and cost optimization Risk Factors: Technical Risks: • False Breakout: Risk of failure at higher resistance levels • Volume Sustainability: Need for sustained volume support • Market Sentiment: Dependency on overall market conditions • Sector Rotation: Risk of sector-specific selling pressure Fundamental Risks: • High Leverage: Elevated debt levels impacting financial flexibility • Execution Risk: Project execution and commissioning challenges • Regulatory Risk: Changes in power sector policies • Liquidity Risk: Working capital and cash flow management issues My Take: My Technical Outlook: • Short-term: Bullish momentum with breakout confirmation • Medium-term: Potential for 25-30% upside if breakout sustains • Long-term: Dependent on fundamental improvements and sector revival My Investment Recommendation: • Recommendation: Cautious Buy for technical traders • Time Horizon: 3-6 months for technical targets • Suitability: Risk-tolerant investors with sector understanding • Monitoring: Close watch on volume patterns and sector developments This analysis is based on technical patterns and should be combined with thorough fundamental research and professional advice before making investment decisions. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:JPPOWERLong
by Karanshah137
20
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 Trendline Breakout in ACLGATI BUY TODAY SELL TOMORROW for 5%
NSE:ACLGATI
by Kapil-Mittal
3
Bandhan Bank - Rounding Bottom Chart PatternBandhan Bank has recently formed a classic rounding bottom pattern after an extended long-term downtrend, indicating a potential shift in momentum from bearish to bullish. This basing structure suggests accumulation at lower levels and a possible trend reversal setup. Pattern Activation: The rounding bottom pattern has triggered a breakout above the neckline resistance of ₹157, accompanied by a volume spike, confirming initial buyer interest and pattern validity. Lack of Follow-Through Volume: Post-breakout, follow-through buying volume is missing, which raises caution. This could imply either a pause before further upside or an imminent retest of the breakout level around ₹157. EMA Crossovers: Bullish Crossover observed as the 20 EMA has crossed above the 50 EMA, suggesting improving short-to-medium term momentum. However, price remains below the 200 EMA, signaling that the primary trend remains bearish. Sustained trading above the 200 EMA would be needed for confirmation of a longer-term trend reversal. Risk Management & Strategy: Cautious Optimism: While the breakout is promising, the stock remains under the long-term moving average and may face selling pressure at higher levels. Retest Strategy: A pullback to ₹157 (neckline) could offer a low-risk entry point, especially if supported by bullish candlestick confirmation and renewed volume. Staggered Investment Approach: Do not park all your money in one go. : It is advised to invest in tranches, monitoring price action closely, especially near the 157–160 zone and at the 200 EMA level. Conclusion: Bandhan Bank is showing early signs of a technical base formation and potential trend reversal, but confirmation is pending due to lack of sustained volume and price being below the 200 EMA. The stock warrants close monitoring for a successful retest and possible breakout continuation. Investors should remain cautious, disciplined, and adopt a phased allocation strategy.
NSE:BANDHANBNKLong
by Arvind_Share_Academy
2
RTNPOWER – A Classic Price Action Study Around Major Trendlines🟦 Dotted Blue Line Represents the main counter trendline, stretched over a significant duration. Price has currently pushed above it, but the weekly candle is still open. ⬜ White Line (Hidden CT) A hidden resistance line, drawn from key lower highs. Price is currently reacting near this line — acting as a logical area where sellers might test control ( for my setups ) 🟨 Yellow Zones These levels highlight higher lows, a sign of evolving structure. These bases often add context to the strength behind a breakout move. 🔴 Red Line (MTF Resistance) Plotted from historical monthly rejection zones — a crucial area for confluence and reaction. 🛠️ Only sharing my Charting — no recommendations, no forecasting .
NSE:RTNPOWERLong
by Averoy_Apoorv_Analysis
SIEMENS LTD - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: SIEMENS LTD ( NSE:SIEMENS ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹3383.00 (Breakout Confirmation) 🛑 Stop Loss: ₹3208.00 (Daily Closing Basis) (-5 % Risk) 🎯 Target Levels: ₹3484.50 ₹3589.10 ₹3696.80 ₹3807.70 ₹3922.00 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily RSI >69 , Weekly RSI >59 & Monthly RSI >59 (Bullish zone) ✅ Volume Confirmation - Breakout volume 15.52M vs previous day's 4.27M (Nearly 4x surge) ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:SIEMENS for this breakout opportunity? Share your views in the comments!
NSE:SIEMENSLong
by raigvivek
ICICI Lombard GI – Approaching Breakout on High Volume📊Technical Analysis Since its IPO in 2017, ICICI Lombard has steadily rallied from ₹600–₹700, reaching a peak of ₹1675 in September 2021. The ₹1,600–₹1,650 zone served as a strong resistance until it finally broke out in 2024, which then acted as a reliable support level in 2024 and again in March 2025. Following a decline, the stock rebounded from this support, breaking the recent lower high of ₹1,900. Trade volumes have surged, with around 2.5 million shares traded in the last week, the highest in nearly a year. The stock has now hit a resistance near ₹2,000. 👉 Even if the stock intends to rally higher, the key ₹2,000 level must act as support, confirmed by bullish candlestick patterns, before any confident breakout can occur. Key Levels to Watch: 🎯 Resistance (Upside Targets): ₹2,100 → ₹2,200 → ₹2,300 (all-time high zone) 🔻 Support Zones: ₹2,000 → ₹1,900 → Major demand at ₹1,600–₹1,650 💰FY24 Key Financial Highlights: Total Income: ₹23,961 Cr (vs ₹20,487 Cr in FY23 and ₹17,876 Cr in FY22) Total Expenses: ₹20,680 Cr (vs ₹17,910 Cr in FY23 and ₹16,612 Cr in FY22) Total Operating Profits: ₹3,281 Cr (vs ₹2,577 Cr in FY23 and ₹1,264 Cr in FY22) Profit Before Tax: ₹3,321 Cr (vs ₹2,555 Cr in FY23 and ₹2,113 Cr in FY22) Profit After Tax: ₹2,508 Cr (vs ₹1,919 Cr in FY23 and ₹1,729 Cr in FY22) Diluted Normalized EPS: ₹50.6 (vs ₹38.94 in FY23 and ₹35.21 in FY22) 📌Strong year-on-year and quarter-over-quarter improvements in all major metrics reflect impressive growth and operational efficiency. 🔍Fundamental Highlights Premium Growth: Gross direct premium rose to ₹60,730 Cr in FY24 — a 22% YoY increase, outperforming industry growth of 14–18% Profit Resilience: Q4 FY24 PAT stood at ₹520 Cr — up 18.9% YoY ; FY25 PAT surged 30.7% to ₹2,508 Cr Dividend Declared: Final dividend of ₹7 per share, bringing total FY25 payout to ₹12.5 Combined Ratio: Improved to ~102.2% in Q4 FY24 from 104.2% YoY — indicating better underwriting performance Segment Strength: Retail health premiums rose ~30%, motor premiums grew ~18%, and combined ratio stabilized Strong Dividend Yield & Solvency: Dividend yield ~0.68%, with a solvency ratio of ~2.6× — reflecting balance sheet strength. ✅Conclusion ICICI Lombard showcases a compelling blend of strong technical triggers, fundamental growth, and shareholder rewards. The breakout above the ₹1,900 region on high volume is promising — but confirmation is needed through the ₹2,000 level holding firmly as support. Upon confirmation, potential upside targets are ₹2,100 → ₹2,200 → ₹2,300. Still, investors should watch for any reversal if that support fails. Disclaimer: lnkd.in
NSE:ICICIGI
by ALICEBLUE
EDELWEISS FIN SERV - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: EDELWEISS FIN SERV LTD ( NSE:EDELWEISS ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹113.50 (Breakout Confirmation) 🛑 Stop Loss: ₹98.00 (Daily Closing Basis) (-14 % Risk) 🎯 Target Levels: ₹120.54 ₹128.01 ₹135.95 ₹144.38 ₹154.29 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily RSI >60 , Weekly RSI >56 & Monthly RSI >59 (Bullish zone) ✅ Volume Confirmation - Breakout volume 15.52M vs previous day's 4.27M (Nearly 4x surge) ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:EDELWEISS for this breakout opportunity? Share your views in the comments!
NSE:EDELWEISSLong
by raigvivek
IEX | Consolidation BreakOut | DailyHere’s a **condensed Wyckoff Accumulation Analysis** based on your most recent chart for **Indian Energy Exchange Ltd. (IEX)**: --- 🔍 **Key Wyckoff Phases & Levels:** * **PS (Preliminary Support):** Initial slowing of the downtrend. * **SC (Selling Climax):** Sharp selloff forming the bottom. * **AR (Automatic Rally):** First bounce confirming initial demand. * **ST (Secondary Test):** Testing previous lows around SC. * **Spring:** Fakeout below support, creating panic-selling before reversal. * **Markup Phase:** Breakout above resistance, transitioning to uptrend. --- 📈 **Critical Price Zones:** * **Support:** \~₹203 and 190 * **Resistance:** \~255 --- ⚡ **Technical Indicators:** * **RSI:** Above 60 with breakout, suggesting strong momentum. * **Volume:** Increased volume on breakout candles signals institutional accumulation. --- 💡 **Conclusion:** IEX has confirmed the Wyckoff accumulation pattern and is now in the **markup phase**, targeting ₹245 to 255 if it sustains above ₹203 and 190.
NSE:IEXLong
by VCharts_TA
Electrocast steel - Rounding bottom 📈 Electrosteel Castings – Weekly Breakout Watch 🧨 Ticker: NSE:ELECTCAST CMP: ₹118.47 Setup: Base + Ema Compression + MACD Reversal Target: ₹230+ Potential Upside: +102% 🧠 Trade Thesis 🔹 Stock has formed a clean rounding base after a long downtrend 🔹 Price has reclaimed multiple EMAs with strong volume 🔹 Weekly MACD crossover (green dot) with histogram flipping 🔹 Bullish momentum on RSI and OBV indicating accumulation 🔹 Volume increasing steadily on green candles – signs of institutional interest 📊 Risk-Reward Setup Entry Zone: ₹110–120 Stop Loss: ₹88 (weekly close basis) Target 1: ₹160 Target 2: ₹230+ (recent swing high) Trade slow. Let price and volume confirm. Add on dips, ride the trend. 💬 Comment below if you're watching this setup or already in! 🔔 Follow me for more swing setups based on price-action + momentum logic.
NSE:ELECTCASTLong
by Arthavidhi