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Moving Averages

Maruti Moves Steadily Higher Within a Structured Bullish ChannelTopic Statement: Maruti is on a moderate bullish run, trading within a defined uptrending channel and supported by key price levels. Key Points: * The stock is moving in an uptrending channel, making it suitable for consistent channel-based trading * Price remains mostly above the 180-day EMA, offering good accumulation opportunities near the EMA * Strong support has been observed at the 13,000 level, with crucial long-term support around 11,000 * A breakout above or below these levels could lead to significant directional movement
NSE:MARUTILong
by yogeshwar
4
Tirumalai: The Anatomy of a BreakoutOn the daily chart, TIRUMALCHM appears to be approaching a potential breakout from an ascending triangle pattern, a formation often associated with bullish continuation. Notably, the price has managed to close above all key EMAs, including the 200-day EMA, which is widely regarded as a long-term trend indicator. From a momentum perspective, both the RSI and MACD indicators are showing strength on the daily and weekly timeframes. These signals may suggest the early stages of a sustained upward trend, contingent on broader market conditions and follow-through price action. Given the current technical setup, the stock may be considered for gradual accumulation near the CMP. Alternatively, more conservative participants might prefer to wait for a potential retest of the breakout zone in the coming sessions, which could offer a more favourable risk-reward entry with a next long term resistance of ₹340 . A technical invalidation level could be considered below the ₹251 mark, depending on individual risk tolerance and trading strategy. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are strongly encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions.
NSE:TIRUMALCHMLong
by NiftyNotions
ICICIGI | High probable INHS setup - Looks good for 20-40%ICICIGI | High probable INHS setup - Looks good for 20-40% CMP : 2006 (Dip : 1930) SL : 1800 The stock has confirmed a classic inverted Head & Shoulders pattern on the daily chart, signaling a strong trend reversal. ✅ Breakout above neckline with decent volume, adding conviction to the move. 🎯 Immediate Target: 2300 🎯 Second Target (as per Fibonacci extension): 2700 📉 Pattern: Inverted H&S 📈 Volume: Supporting the breakout 📊 Bias: Bullish This could be an excellent area of value for swing traders looking to ride the trend. A retest of the neckline could offer a second entry opportunity with a good risk-reward ratio.
NSE:ICICIGI
by srikartiram
BTC Market Update: Signs of a 2021 Replay?📉 BTC Market Update: Signs of a 2021 Replay? Looking at the chart, BTC is showing a price structure quite similar to late 2021—right after reaching its ATH around 69k before a major downturn. 🔁 If history repeats itself, the upcoming market conditions could turn bearish. Currently, price has retested the moving average zone and is beginning to show a negative reaction. ⏳ This is a phase where traders should remain cautious—avoid FOMO, stay calm, and wait for clear confirmation signals. 📲 I’ll continue to post updates as soon as stronger signals emerge.
Short
by Trendformal
Kotak Bank Remains Range-Bound Amid Breakout AttemptsTopic Statement: Kotak Bank has been trading sideways since 2021, forming a structured accumulation and distribution pattern within a broad range. Key Points: * The stock has clear accumulation and distribution zones, making channel-based trading efficient * A recent breakout attempt was met with strong resistance, forming a double top pattern and pushing the price down * The price has overextended above the 180-day EMA, contributing to the heavy resistance at the double top * Accumulating the stock near or below the 180-day EMA presents a favorable long-term opportunity
NSE:KOTAKBANK
by yogeshwar
Outlook on nifty 50 for the next week. Is it going trending?Nifty 50 on the daily chart is trading in a range and has respected the zone quite effectively. Index has remained sideways since a 3.82% move on 12th may. Market trade in cycle and after a sideways cycle, a trending market is predicted. Either side movement can be seen in the index as 18 bars or 24 days it has remained in the range. Major Resistance :- 25125, 25500 Major support :- 24500, 23930 This 600 range and change into same range of trending market. Even the moving averages are coinciding and forming a MA gate which can give good momentum trading setup Wait for the price action near the price levels before forming a trading basis. Trade only the setup and wait for the retest on either side.
NSE:NIFTY
by TheMamboMomentum
YESBANK: Riding the Bullish WaveYes Bank has exhibited a notable breakout above the resistance level established in December 2024. This breakout is accompanied by a classic flag pattern formation, which has resolved to the upside—typically interpreted by technical analysts as a continuation signal within an existing trend. A significant increase in trading volume during the breakout phase adds weight to the move, suggesting heightened market participation. Furthermore, the 20-day EMA has crossed above the 200-day EMA, a crossover often referred to as a "Golden Cross" , which is generally viewed as a bullish signal indicating potential for continued upward momentum. The RSI is currently positioned above 60, reflecting sustained buying interest without yet entering overbought territory. From a structural perspective: Immediate resistance may be encountered near the 24.75 level. A secondary resistance zone appears around 28.54. On the downside, the stock seems to have established a support base near 19.54, which could act as a cushion in the event of a pullback. Disclaimer: This analysis is intended solely for informational and educational purposes. It does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Market conditions can change rapidly, and all trading involves risk. Individuals should conduct their own due diligence or consult with a qualified financial advisor before making any investment decisions.
NSE:YESBANKLong
by NiftyNotions
4
Radico Khaitan at a Crossroads: Support, Resistance & MomentumThe stock is in a bullish trend and is forming a box consolidation and break outs. On the weekly charts the stock is trading around the resistance zone and there are chance of either breaking out or retesting to the lower levels. Stock seems strong bullish on the charts but indicators are suggesting a bearish move as the stock is around the resistance zone. Short sell can be initiated in the stock with a strict SL. On the bullish side the stock is respecting the monthly 20 EMA and has retested it thrice. Radico if turns bearish can be entered around the moving average as Good R:R in the trade can be seen. Even on the weekly charts, the stock is trading above the moving averages chance of a retest are there but short sell the stock once the support zone in taken out. Watch the stock a good ROI can be generated in the stock after the break out the stock will be forming new ATHs. Wait for a pattern near the resistance either for a bearish or bullish move as it is trading around the crucial recent high levels of 2600-2680. Stochastic indicator on the Monthly TF is trading in overbought zone while on the weekly TF its showing some bearish divergence. Even the monthly RSI is showing a bearish divergence. Wait for the price action and trade accordingly.
NSE:RADICO
by TheMamboMomentum
Is Bluedart Gearing Up for a Breakout? A Technical PerspectiveA good consolidation in there in the stock and on the monthly chart the stock has reconfirmed the support zone. Major buying in happening there around 5500-5670 zone. Weekly charts are showing consolidation phase around the very closing level as the price is trading between the various Moving averages. A buying opportunity around 6200 levels can be initiated with a proper SL. Technical Indicators:- 1. Stochastic : The weekly charts are trading around the oversold zone and on monthly charts its showing some lower levels coming on the charts. 2. Relative Strenght Indicator : On the monthly charts the stock has formed a bearish divergence and can be purchased once a 'W' formation is there in the RSI or price chart. The stock has respected the support level since August 2021, a bearish trade can only be initiated once the major support level of 5500 is taken out. Avoid shorting till these levels. Blue dart owning the logistic market can benefit from the E-commerce growth. Long term buying opportunity can be seen in the stock with a potential returns of around 33-35% with a risk of 12-13% in coming years. Watch the price action and enter only when the setup/pattern is formed on the charts.
NSE:BLUEDART
by TheMamboMomentum
ICICI Bank Powers to Lifetime High Within a Strong Bullish ChannTopic Statement: ICICI Bank is on a robust bull run, steadily advancing within a strong uptrending channel. Key Points: * The stock is moving upwards in a strong bullish uptrending channel, making channel-based trading highly effective * It is currently trading at its lifetime high, reflecting continued strength and investor optimism * The price has highly overextended above the 200-day EMA, indicating the stock is highly overbought and may be poised for a cooling-off phase
NSE:ICICIBANK
by yogeshwar
Gateway Distriparks Ltd: Technical CommentaryIn the latest trading session, Gateway Distriparks Ltd demonstrated notable technical strength. The stock successfully closed above both its 20D and 50D EMAs, indicating a potential shift in short- to medium-term momentum. Additionally, it managed to close above the 20-week EMA, which may suggest a broader trend alignment in favour of the bulls. Volume analysis further supports this view, with a noticeable uptick in trading activity accompanying the price movement—often interpreted as a sign of institutional interest or increased market participation. The RSI has crossed above the 65 level, a zone that is frequently associated with strong bullish momentum. This development may be interpreted by some market participants as a signal of continued buying interest. From a price action perspective, the stock appears technically favorable in the range of ₹64, with a potential resistance zone near ₹85. A prudent risk management approach might involve monitoring for a close below ₹56, which could serve as a reference point for reevaluating the trade setup. Disclaimer: This analysis is intended solely for informational and educational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are strongly encouraged to conduct their own due diligence or consult with a certified financial advisor before making any investment decisions.
NSE:GATEWAYLong
by NiftyNotions
ITC Approaches Key Support Within Mild UptrendTopic Statement: ITC is trading in a range with a slight bullish tilt, presenting structured opportunities within a defined channel. Key Points: * The stock is moving within a slightly bullish up-trending channel, making it suitable for channel-based trading * A head and shoulders candlestick pattern is emerging, which may signal potential short-term weakness * The price is nearing the 180-day EMA, making levels near or below it attractive for long-term buying opportunities
NSE:ITC
by yogeshwar
Engineers India – Technical Analysis & Trade SetupEngineers India Ltd has recently formed a rounding bottom pattern on the chart, a classic bullish reversal pattern that suggests a shift in momentum from bearish to bullish. The key resistance level lies at ₹210-212 price zone, and a breakout above this level with strong volume will confirm the pattern. 📈 Breakout Confirmation & Retest Zone : A decisive close above ₹212 will mark a technical breakout, putting the stock at its 8-month high. Post-breakout, a retest of the ₹205–₹210 zone is likely. If the stock takes support and consolidates in this zone, it will indicate strength and readiness for the next upward leg. 📅 Fundamental Trigger – Q4 Results : Investors and traders should closely monitor the Q4 results scheduled for 29 May. A strong earnings report could serve as a catalyst to support the technical breakout and sustain the uptrend. Conversely, a weak result may delay or invalidate the breakout momentum. 🎯 Targets & Price Action Outlook: - Short-term buying range: Between ₹210 and ₹215. - Immediate target: ₹250 - Next targets: ₹290 and eventually ₹300, which may take 3–4 months to achieve if the trend sustains. - Stop loss can be placed at ₹185. ⚠️ Key Points to Watch: - Volume confirmation on breakout above ₹212. - Retest and support around ₹205–₹210. - Q4 earnings impact on price action. - Keep a disciplined stop-loss strategy based on risk appetite.
NSE:ENGINERSINLong
by harmanrulez