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KSL - Strong Cup & Handle Breakout | Volume & RSI Confirmation📊 KALYANI STEELS LTD (KSL) – Strong Cup & Handle Breakout | Volume & RSI Confirmation | Daily Chart 📅 Chart Date: June 17, 2025 📈 CMP: ₹891.00 (+10.33%) 📍 Ticker: NSE:KSL 🔍 Technical Chart Breakdown ☕ Cup & Handle Pattern Breakout KSL has decisively broken above the neckline resistance around ₹845 after forming a classic Cup & Handle pattern — a strong bullish continuation setup. This breakout has been accompanied by a solid volume spike (458.32K), which adds further confirmation. 💹 RSI Analysis RSI is currently at 71.61, indicating strong bullish momentum. RSI crossover confirms entry into the overbought zone, signaling strength but also requiring caution for late entries. 🕯️ Volume Action Noticeable volume surge on the breakout candle suggests institutional participation. Previous volume build-up near the handle zone indicates accumulation. 📍 Key Price Levels ✅ Breakout Zone: ₹845.35 🚀 Potential Upside Targets: ₹920 – Minor resistance ₹990–₹1,040 – Short to medium-term swing targets ₹1,150+ – Based on measured pattern height 🛡️ Support Zones: ₹845 – breakout retest level ₹800 – psychological support ₹765 – handle base and invalidation zone 🛠️ Trading Strategy Idea Entry: Either breakout close above ₹845 or on retest of breakout zone Stop Loss: Below ₹800 Targets: ₹920 → ₹1,000 → ₹1,150 Risk-Reward: >1:2 on first target with strong technical validation
NLong
by PriceAction_Pulse
TCS Ltd. – Riding the Wave from a Strong Support Base📊Technical Overview TCS has consistently traded above ₹3,000 since 2021, with this level serving repeatedly as a robust support zone. The stock reached an all-time high of ₹4,592 in August 2024. Given strong year-on-year financial performance and support at ₹3,000, TCS currently trades at ₹3,500. As long as the ₹2,900–₹3,050 support zone holds, the stock has potential to rise to: 🎯Target 1: ₹3,800 🎯Target 2: ₹4,200 🎯Target 3: ₹4,600(All-time high) A breakdown below the zone would negate the bullish thesis. 💰FY24 Key Financial Highlights (vs FY23 & FY22) Total Income: ₹255,324 Cr (vs ₹240,893 Cr; ₹225,458 Cr) Total Expenses: ₹187,917 Cr (vs ₹176,597 Cr; ₹166,199 Cr) Financing Profit: ₹67,407 Cr (vs ₹64,296 Cr; ₹59,259 Cr) Profit Before Tax: ₹65,331 Cr (vs ₹61,997 Cr; ₹56,907 Cr) Profit After Tax: ₹48,797 Cr (vs ₹46,099 Cr; ₹42,303 Cr) Diluted Normalized EPS: ₹134.20 (vs ₹126.88; ₹115.19) All parameters show strong YoY growth, emphasizing TCS’s consistent scale-up and profitability. 🧠Fundamental Insights TCS crossed $30 bn in annual revenue, with a strong order book of $42.7 bn, including a record Q4 TCV of $13.2 bn FY24 revenue rose 4.1% YoY (CC +3.4%), with net income up 7.8% YoY. Q4 margins were strong with operating at 24.6% and net at 19.3% TCS declared a ₹30 final dividend and a combined FY25 dividend of ₹96/share (₹66 special + ₹30 final), rewarding shareholders with ~4.5% yield Quarterly profit slipped 1.7% YoY to ₹12,224 Cr due to global headwinds, but revenue still rose 5.3%, backed by strong deal wins worth $12.2 bn (Q4) and $39.4 bn (full year) . Continued investment in AI, digital innovation, and a strong cash flow (over $5.3 bn free cash flow in FY24) support long-term growth outlook . 🧭Conclusion TCS remains fundamentally strong with robust growth in revenues, profits, and cash generation. Technically, it is maintaining a firm base above ₹3,000, setting the stage for a potential upside toward ₹3,800 → ₹4,200 → ₹4,600. The key is to watch for sustained support at ₹3,000–₹3,050. Disclaimer: lnkd.in
NSE:TCS
by ALICEBLUE
GBP/USD Bearish Rejection at Resistance Zone – Downside Targets GBP/USD Bearish Rejection at Resistance Zone – Downside Targets Ahead 🚨 This chart analysis of GBP/USD reveals a clear bearish structure unfolding after the pair tested a strong resistance zone near the 1.36000 level. Here's the professional breakdown: 🔴 Key Resistance Zone: 1.36000 – 1.36200 Price has been rejected multiple times from this upper zone (marked in red). Repeated upper wicks and lower closes signal selling pressure. Recent candle formations suggest a potential reversal from this level. 🟢 Major Support Zones: 1.33090 (Mid-Level Support) This level has acted as a reaction zone in the past. Could provide temporary consolidation or bounce. 1.31500 – 1.32000 Strong historical support, price bounced here previously. Bears might slow down in this area before continuation. 1.28000 – 1.29000 Deeper support zone; if broken, could indicate a major trend shift. 📉 Bearish Projection Price is expected to descend toward 1.33090, and if momentum continues, potentially down to the 1.28 region. The zigzag projection in the black box reflects a stair-step pattern typical of strong bearish legs. 🧠 Market Psychology & Price Action Sellers are defending the resistance aggressively. Lower highs and consistent rejection candles imply weakening bullish momentum. This setup aligns with a distribution phase before a drop. 📌 Conclusion 🔻 As long as the price remains below the 1.36000 resistance, the bias remains bearish. Watch for confirmations at 1.33090 and 1.32000 – these are crucial zones where price decisions will unfold. 📆 Short to mid-term traders may look for sell setups on retracements with stop-losses above the resistance and targets near support zones.
Short
by MrStellanSight
Is This the Right Time to Accumulate Voltas for a Mid-Term Rall?This weekly chart of Voltas Ltd (NSE: VOLTAS) suggests a potential recovery phase after a prolonged downtrend, with key technical levels being tested. Key Technical Highlights: • 🟩 Current Price: ₹1,319.90, noticeable volume spike. • 📏 Resistance Ahead: ₹1,357 — a historic level from 2021, now acting as a critical resistance zone. • 📉 Life High: ₹1,945 remains the long-term target in case of sustained uptrend. • ⚙️ RSI Indicator: At 45.95, RSI is neutral but showing early signs of momentum. • 🔄 Chart Pattern: Recent breakout from tight consolidation, along with increasing volume, could be an early sign of trend reversal. Investors may watch closely how the price reacts near ₹1,357 — a breakout above could trigger a fresh bullish wave. ⸻ Analysis By Mayur Jayant Takalikar --For LEARNING & OBSERVATIONAL USE ONLY. ⚠️ Disclaimer: I am not a SEBI-registered investment advisor. The analysis is purely for educational and informational purposes. This is not a buy/sell recommendation. Always consult with a certified financial advisor before making investment decisions. Stock market trading involves risks — do your own research.
NSE:VOLTASLong
by takalikar98
NAVA LTD – Breakout Retest Opportunity | Bullish Setup📈 NAVA LTD – Breakout Retest Opportunity | Bullish Setup Date: June 17, 2025 Exchange: NSE | Timeframe: Daily NAVA LTD has recently broken out above a strong horizontal resistance zone around ₹559–₹562, a level that had previously acted as a major supply zone since December 2024. The breakout has been accompanied by a sharp rise in volume, indicating strong institutional interest and confirmation of strength. After testing a recent high of ₹581, the stock is currently undergoing a healthy pullback toward the breakout level, potentially offering a textbook breakout–retest–continuation setup. 🔍 Key Technical Highlights: * Breakout Zone: ₹559–₹562 (now acting as support) * Immediate Resistance: ₹582 * Support Levels: ₹559 → ₹541 → ₹518 * Volume: Strong volume spike on breakout * MACD: Bullish crossover sustained, momentum intact * Moving Averages: Price trading above 20/50/200 EMA, indicating strong bullish structure 📌 Trade Plan (not financial advice): A pullback entry near the ₹560–₹565 zone with bullish confirmation could offer a good risk-reward trade. Keep a close watch on how the price behaves around the breakout retest zone. Bias: Bullish, unless price closes decisively below ₹541 Potential Target: ₹650+ in the coming weeks if momentum sustains
NSE:NAVALong
by krunal_patadia95
[SeoVereign] Bitcoin Bearish Outlook – June 17, 2025We are the SeoVereign Trading Team. With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum. 🔔 Follow us to never miss a market update. 🚀 Boosts provide strong motivation and drive to the SeoVereign team. -------------------------------------------------------------------------------------------------------- Hello, This is SeoVereign, approaching technical analysis not as a result but as a prediction, with a realistic perspective. I am presenting a bearish view on Bitcoin as of June 17, 2025. First, based on the fact that a downtrend appeared near the 0.786 level of the overall Fibonacci retracement, I believe strong downward pressure is forming, and thus I am outlining this bearish perspective. This 0.786 level corresponds to around the 109,000 price range. On the chart, the 109,000–110,600 range is a very strong supply zone where support and resistance have repeatedly been confirmed. Next, from a wave counting perspective, the 1.272 trend-based Fibonacci extension lies in a similar area as the 0.786 retracement level, which further reinforces my conviction in this view. After successfully predicting the downward movement from the 11th, I have been continuously counting the recent upward wave, and the wave structure on the chart appears to align naturally, as I see it. In addition, from a harmonic perspective, the Alt Bat pattern is functioning effectively, and since the movement has been captured within the pre-set X–1.13 range, the confirmation of this pattern can also be considered successful. The first target is currently set around the 105,700 level. I will continue to monitor the market closely, and once this idea progresses to a certain point, I will share more specific evidence and the thought process behind the bearish entry through an additional update. Thank you.
Short
by SeoVereign
Aircons ready to fly! Voltas has broken out above a well-defined resistance zone near ₹1,316–₹1,318 after consolidating for several sessions. The breakout has occurred with momentum, and the price is now attempting to sustain above the previous supply area. Trade Plan: • Buy on retest: ₹1,314–₹1,316 (retest of the breakout zone) • Stop-loss: Below ₹1,307 (structure invalidation) • Targets: ₹1,330 / ₹1,344 The price action indicates strength after the breakout, and a successful retest of the support-turned-resistance zone could offer a low-risk entry point.
NSE:VOLTASLong
by amazedFish23102
US30 – Bearish Setup Below Resistance Zone US30 – Bearish Setup Below Resistance Zone 🚨🟥 The US30 index is exhibiting signs of bearish momentum after repeated rejections from the key resistance zone near 43,200. Let's break down the technical picture: 🔍 Technical Analysis 📌 Resistance Zone (🟥 43,200 area) Price was rejected twice from this resistance (marked by red arrows), showing strong seller presence. Bearish candlesticks followed each touch, confirming exhaustion near this level. 📌 Support Zone (🟦 40,800 area) The area around 40,800 has acted as a strong demand zone in the past (highlighted with green arrows and orange circles). Price might revisit this area if current bearish structure continues. 📌 Intermediate Support (🟪 41,828) This level serves as short-term support. If broken, it could accelerate the decline toward the major support. 📌 Market Structure Lower highs forming after each bounce indicate weakening bullish strength. A potential bearish breakout pattern is forming (highlighted by the projected path). 📈 Conclusion & Trade Outlook Bias: Bearish 📉 Trigger: Break below 41,828 support Target: 40,800 zone Invalidation: Break and close above 43,200 resistance
CAPITALCOM:US30Short
by MrStellanSight
Selling the Drama, One Pullback at a Time ⸻ Technical Thesis: • Price faced rejection from a key supply zone (~₹1918–₹1922). • Clean lower high formation after filling the previous gap. • Volume drying up on green candles → lack of momentum. • Breakdown candle suggests weakness – wait for a pullback to the zone and then enter short. ⸻ Targets: ₹1860 ₹1830 Stop Loss: Above ₹1925 (structure invalidation) Entry Zone: ₹1918–₹1922 on pullback ⸻ Risk-Reward: ~1:2+ Keep position sizing disciplined. Avoid chasing after breakdown.
NSE:BDLShort
by amazedFish23102
Prestige Peaking, Sellers Sneaking? Technical Setup: • Multiple Supply Zones: Price failed to hold above ₹1,720, which was a critical resistance from a previous top (June 11). Current rejection confirms supply at the top. • False Breakout & Bearish Rejection: Attempt to break the upper range failed, followed by a sharp red candle engulfing prior green candles. This suggests sellers have stepped in strongly. • Volume Spikes: Volume on the rejection candle is higher than average, reinforcing strong institutional selling. • Exhaustion After a Sharp Rally: The recent steep uptrend now shows signs of exhaustion, especially near known resistance zones. A retracement is likely. ⸻ Trade Details: • Sell Below: ₹1,708 • Stop Loss: ₹1,726 • Target 1: ₹1,670 • Target 2: ₹1,640 • Target 3: ₹1,620 • Risk-Reward: ~1:2.5+ ⸻ Narrative Summary: Prestige saw a vertical rally but hit a brick wall near ₹1,720, the same zone that caused a fall earlier. It’s showing signs of a classic lower high formation. The structure looks ripe for a breakdown, especially as volume spikes during red candles.
NSE:PRESTIGEShort
by amazedFish23102
RK Forgings Short Term TradeThe area around 575 is a strong support on daily and weekly chart (long term support), In the last four months, the stock has bounced off from around this level with a rise in volume, every time higher than the previous, A triangular pattern is also visible , having formed during this period, and now a small rectangular pattern is also visible, A breakout through all of these has occurred today Thus, for a short term trade, tgt 711, sl 629
NSE:RKFORGELong
by zenni_10