Weekend Visual ChartBook

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

Price Action Overview: VEERENRGY has been forming a multi-year rounding bottom base, with a flat neckline resistance around ₹32. Over the last several quarters, the stock has shown signs of accumulation within the ₹12–₹20 range, stabilizing after a prolonged downtrend. In recent weeks, price has rebounded sharply from the lower consolidation band near ₹16, forming a strong bullish candle. This move suggests early momentum building for a potential breakout toward the neckline zone. Candlestick Pattern: The current weekly candle is a wide-bodied bullish bar, following multiple weeks of lower wicks—indicating demand absorption and rejection of lower levels. Volume Analysis: Volume has expanded significantly on the latest up-move, suggesting rising participation and growing interest as price nears critical structural resistance. 2. Crucial Support and Resistance Levels Support Levels: ₹18: Immediate swing low and breakout base ₹15: Lower consolidation zone ₹12: Historical demand area and long-term base Resistance Levels: ₹24: Intermediate high and minor supply zone ₹28–₹32: Long-term neckline of the rounding bottom pattern ₹35+: Breakout extension zone if neckline clears 3. Strategic Trade Scenarios Bullish Scenario: A sustained move above ₹24 with follow-through could initiate a test of the ₹28– ₹32 neckline. A breakout above this 10-year resistance base would signal a major structural reversal with further upside potential toward ₹40+. Bearish Scenario: Failure to hold above ₹18 could lead to a retest of the ₹15–₹12 support band. Only a breakdown below ₹12 would invalidate the long-term rounding base structure and reintroduce bearish control.

No detailed thesis provided for this setup.

Price Action Overview: ONWARDTEC has been moving within a well-defined descending channel since early 2023, making a series of lower highs and lower lows. However, in the last few sessions, the price has staged a strong upward breakout through the upper channel resistance line, indicating a potential shift in long-term trend direction. The breakout is clean and supported by a wide-range bullish candle, closing significantly above the channel's upper boundary—a structure that had capped all prior rallies. Candlestick Pattern: A large bullish candle has formed, engulfing the prior 5–6 sessions’ range. This breakout candle suggests strong conviction from buyers and a possible end to the prolonged downtrend. Volume Analysis: Volume surged sharply during the breakout, confirming strength and participation from institutional or momentum-driven activity. This breakout is well-supported by demand. 2. Crucial Support and Resistance Levels Support Levels: ₹290: Breakout retest zone and immediate support ₹270: Consolidation region pre-breakout ₹240: Lower pivot from recent swing base Resistance Levels: ₹340: Minor resistance from historical gap area ₹370–₹390: Supply zone from September 2023 cluster ₹420+: Extension target if momentum continues 3. Strategic Trade Scenarios Bullish Scenario: As long as price sustains above ₹290, the breakout structure remains valid. Follow- through toward ₹340 and ₹370+ is likely if momentum persists. A retest with consolidation above the breakout line would add further strength to the bullish case. Bearish Scenario: If price fails to hold above ₹290 and slips below ₹270, it could signal a false breakout. Breakdown below ₹240 would invalidate the bullish setup and possibly lead to re-entry into the channel.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

Price Action Overview: BPL has been forming a massive rounding bottom base for over two decades. The monthly chart reveals a gradual curve-like recovery after years of range- bound action between ₹15 and ₹120. More recently, price respected long-term horizontal support near ₹68–₹70 and bounced sharply. On the weekly chart, the stock formed a base near this same zone before registering a breakout with a wide bullish candle. This rebound from structural support aligns with the broader rounding bottom setup nearing potential breakout phase. Candlestick Behavior: Strong weekly bullish candle off support. Long lower wicks on previous weeks also indicated absorption of supply at key support. Volume Analysis: Substantial volume surge in the recent weekly breakout reinforces the validity of the reversal attempt. Participation is increasing near critical levels. 2. Crucial Support and Resistance Levels Support Levels: ₹70–₹68: Multi-year structural support zone ₹55–₹50: Prior accumulation base and consolidation low Resistance Levels: ₹120–₹125: Multiple peaks from 2021–2023; neckline of rounding bottom ₹150+: Breakout zone above 26-year pattern; historical price congestion 3. Strategic Trade Scenarios Bullish Scenario: A close above ₹120 would trigger a confirmed breakout from the 26-year rounding bottom, potentially unlocking long-term upside toward ₹150 and above. Sustained price strength with volume follow-through would validate the move. Bearish Scenario: If price fails to sustain above ₹85–₹90 and breaks back below ₹70, it could revisit the broader base support at ₹55. Breakdown below ₹50 would invalidate the current structure.

No detailed thesis provided for this setup.

Years] Price Action Overview: Pearl Polymers is trading within a long-term ascending broadening wedge, with price making higher highs and higher lows for the past six years. The most recent price action shows a strong bounce from the lower wedge boundary near ₹26, signaling renewed buying interest at structural support. The wide-bodied bullish candle breaking past previous week’s highs confirms momentum has shifted favorably in the near term. Candlestick Behavior: A strong bullish weekly candle has formed after a prolonged decline. This suggests a reversal from support with intent. Volume Analysis: Volume spiked significantly during the bounce, lending credibility to the move and indicating potential accumulation near the wedge support. 2. Crucial Support and Resistance Levels Support Levels: ₹26: Lower wedge boundary and recent swing low ₹22: Secondary support zone from prior wedge touchpoints Resistance Levels: ₹39–₹41: Mid-wedge supply area and minor price shelf ₹48: Upper wedge boundary; tested multiple times over past two years 3. Strategic Trade Scenarios Bullish Scenario: A sustained move above ₹35 could target the ₹39–₹41 zone, with potential to test ₹48 if follow-through volume supports the trend. Structure remains bullish within the wedge. Bearish Scenario: Failure to hold ₹30–₹28 on retests could reopen downside toward ₹26 and ₹22. Breakdown below ₹22 would invalidate the ascending wedge structure and suggest reversal risk.

No detailed thesis provided for this setup.

with Base Consolidation [2.5 Months] Price Action Overview: After a steady year-long decline within a descending channel, the stock recently formed a base with sideways movement near ₹570–₹600. This consolidation at support coincided with the lower channel boundary, setting up a potential reversal. The breakout from the consolidation has now propelled price out of the channel’s median line with a strong bullish candle. Candlestick Behavior: A wide-bodied bullish candle broke above the consolidation range with conviction. This candle marks the first major sign of strength after a prolonged decline. Volume Analysis: Volume surged significantly on the breakout, confirming strong participation and validating the upward momentum. 2. Crucial Support and Resistance Levels Support Levels: ₹600: Former consolidation ceiling, now acting as support ₹570: Consolidation floor ₹495: Channel base and long-term swing low Resistance Levels: ₹750: Upper channel resistance ₹800–₹820: Prior reversal zone; next key hurdle 3. Strategic Trade Scenarios Bullish Scenario: If price sustains above ₹700, a test of ₹750 followed by ₹800 appears likely. A continuation pattern above these zones may lead to a larger reversal structure in the making. Bearish Scenario: Failure to hold above ₹600 could signal a false breakout, triggering a pullback toward ₹570 or lower. Re-entry into the channel would weaken the bullish thesis.

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

Descending Channel Pattern [1 Year] on the daily chart Price Action Overview: The long-term structure reflects a 16-year rounding bottom base with major resistance near ₹275. After the 2023 rally, prices corrected inside a well- defined descending channel. Recent price action shows a breakout above this channel with a strong bullish candle. Candlestick & Volume Insight: A long-bodied bullish candle has pierced the upper channel trendline with strong volume, indicating buying interest and early breakout confirmation from the corrective structure. 2. Crucial Support and Resistance Levels Support Levels: ₹240: Breakout zone of descending channel ₹210: Minor swing low within the pattern ₹180: Base support in case of deep pullbacks Resistance Levels: ₹275: Long-term resistance from rounding bottom neckline ₹320–₹340: Next upside cluster from historical price rejection 3. Strategic Trade Scenarios Bullish Scenario: If the price sustains above ₹240–₹250, continuation toward ₹275 and beyond could unfold. Follow-through candles and rising volume would add confidence. Bearish Scenario: A failure to sustain above ₹240 followed by a close back inside the channel could suggest a false breakout. Price might then revisit ₹210–₹180 zone for reaccumulation.

No detailed thesis provided for this setup.

Years] Price Action Overview: HCL Infosystems is attempting a breakout from a 7-years symmetrical triangle pattern, with the structure forming higher lows since late 2023. The price recently bounced sharply from the triangle’s lower boundary, approaching the upper resistance trendline near ₹22–₹24. Candlestick Behavior: A strong wide-range bullish candle has emerged near the support trendline, suggesting renewed buying momentum. The move indicates a possible breakout attempt in the coming weeks. Volume Analysis: Volume surged alongside the bullish candle, marking one of the highest weekly participation levels in recent months — a positive sign of accumulation and rising interest at lower levels. 2. Crucial Support and Resistance Levels Support Levels: ₹17.50: Immediate support zone from recent swing low. ₹13.00: Rising trendline and long-term base. Resistance Levels: ₹22.00–₹24.00: Triangle resistance trendline and breakout zone. ₹28.00: Prior swing high, potential target post-breakout. 3. Strategic Trade Scenarios Primary Setup (Bullish Triangle Breakout): A breakout above ₹24 with strong volume confirmation can trigger an upside continuation, potentially targeting ₹28 and above based on pattern projection. Trigger: Sustained close above ₹24 with volume expansion. Targets: ₹28 (initial), ₹34 (pattern-based extension). Alternative Scenario (Pullback Within Triangle): If price fails near ₹24 and reverses, a retest toward ₹17.50–₹18.00 may occur before another attempt. Breakdown below ₹17.50 would weaken the setup.

No detailed thesis provided for this setup.

Price Action Overview: The stock has been consolidating within a defined rectangle range for nearly 1.7 years, with strong resistance around ₹150 and support near ₹93. The recent weekly candle shows a sharp bullish move from the lower support, testing the upper band again, reflecting rising momentum and accumulation at lower levels. Candlestick Behavior: Last two candles are wide-ranged and strongly bullish, indicating a surge in buying interest. Price has approached the resistance zone with strength, hinting at a potential breakout attempt if follow-through persists. Volume Analysis: Volume has expanded notably in the past two weeks, especially on bullish sessions, indicating strong participation as price moves toward the upper resistance. 2. Crucial Support and Resistance Levels Support Levels: ₹125: Mid-range support from past multiple rejections ₹93: Rectangle base and key long-term support Resistance Levels: ₹150: Rectangle top – a breakout above this confirms the range exit ₹161.70: All-time high mark; breakout zone from late 2023 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout Anticipation): If the price sustains above ₹145–₹150, a breakout above the rectangle may trigger fresh upside momentum. The pattern height suggests potential towards ₹175– ₹185. Trigger: Weekly close above ₹150 with high volume Target Zones: ₹175 (initial), ₹185–₹200 (extended) Alternative Scenario (Range Continuation): If price faces rejection again at ₹150, it may drift back into the rectangle, offering a retracement towards ₹125 or ₹93. Failure Trigger: Rejection candle followed by breakdown below ₹125 Downside Levels: ₹110, then ₹93 as long-term floor

No detailed thesis provided for this setup.

Months] Price Action Overview: Tata Tech has broken out of a well-defined descending channel that had constrained price for over 7 months. After forming a rounded base near ₹640, the stock surged past the upper boundary of both the channel and a horizontal resistance near ₹735. Candlestick Behavior: The breakout candle is strong and bullish, closing well above prior resistance with a wide body, reflecting momentum-driven buying after base formation. Volume Analysis: Volume has picked up sharply over the past few sessions, particularly during the breakout, signaling high conviction behind the move and confirming the reversal from the bottom. 2. Crucial Support and Resistance Levels Support Levels: ₹735: Recent breakout zone; now acting as immediate support ₹690: Rounded base neckline ₹640: Pattern low and demand zone Resistance Levels: ₹795: Minor supply zone from mid-March ₹840–₹880: Potential upside range based on pattern projection 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout Continuation): A breakout from the channel and rounding bottom hints at trend reversal. Sustaining above ₹735 keeps the structure bullish with room to test ₹795–₹880. Trigger: Daily close above ₹735 with continued volume expansion Target Zones: ₹795 (initial), ₹840–₹880 (measured move) Alternative Scenario (Failed Breakout): If the price slips back below ₹735 on weak volume, a retest toward ₹690 or ₹640 may occur before resuming higher. Failure Trigger: Breakdown below ₹690 Support Watch: ₹640 as structural pivot level

No detailed thesis provided for this setup.

Price Action Overview: Sangam India has broken out of a 1.4-year descending channel, piercing through the upper boundary near ₹430. The stock showed multiple rejections around this zone earlier, but the current breakout is more convincing due to bullish follow- through and volume alignment. Candlestick Behavior: A strong bullish candle has formed at the breakout point with a wide body, indicating momentum and aggressive buying interest after a prolonged range. Volume Analysis: The volume on the breakout day surged meaningfully above the recent average, confirming accumulation and validating the breakout structure. 2. Crucial Support and Resistance Levels Support Levels: ₹430: Immediate breakout level and short-term support ₹390: Mid-channel pivot zone ₹360: Prior reaction lows within the pattern Resistance Levels: ₹465–₹480: Minor hurdle from October 2023 swing ₹520–₹550: Upper target zone based on channel height projection 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout): The channel breakout aligns with a trend reversal signal. Sustaining above ₹430 keeps the upward bias intact with scope to move toward ₹480–₹550. Trigger: Holding above ₹430 with steady or rising volumes Target Zones: ₹480 (initial), ₹520–₹550 (extended range) Alternative Scenario (Breakout Retest): A fallback below ₹430 may signal a retest. If the retest holds above ₹390, bullish structure remains valid. A close below ₹390 may weaken the breakout case. Failure Trigger: Breakdown below ₹390 with volume rise Support Watch: ₹360 for structure re-evaluation

No detailed thesis provided for this setup.

Price Action Overview: MEDPLUS has broken out of a multi-year symmetrical triangle, breaching the descending trendline resistance with a sharp upmove this week. This marks the first decisive attempt to exit the range since early 2022, indicating potential for a major trend shift. Candlestick Behavior: The breakout candle is large and bullish, decisively closing above the triangle resistance and surpassing all prior swing highs since early 2024. Volume Analysis: Volume has expanded significantly on the breakout, validating the strength of the move and showing signs of renewed interest after a prolonged contraction phase. 2. Crucial Support and Resistance Levels Support Levels: ₹820–₹800: Breakout retest zone ₹750: Prior swing resistance turned support ₹680: Triangle baseline and structure low Resistance Levels: ₹900–₹920: Initial reaction high zone ₹1,000+: Psychological and round-number resistance ₹1,150: Mid-2022 supply area 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout): A close above the triangle peak confirms long-term breakout potential. If price sustains above ₹820, continuation toward ₹920 and ₹1,000+ is likely. Trigger: Sustained move above ₹850–₹860 Target Zones: ₹920, ₹1,000, then ₹1,150 Alternative Scenario (Breakout Retest): A pullback toward ₹800 may occur to retest the breakout line. Holding this zone keeps the bullish bias intact. A breakdown below ₹750 may delay further upside. Failure Trigger: Break below ₹750 on volume Downside Risk: ₹680 zone for deeper support

No detailed thesis provided for this setup.

Price Action Overview: SDBL is testing the upper resistance of a broad rectangle range that has held firm since early 2023. The recent breakout attempt has come with a strong bullish candle, pushing the price toward the ₹150 zone — the highest in over two years. Candlestick Behavior: This week’s candle is wide-bodied and bullish, nearly touching the upper boundary of the rectangle. The structure reflects a strong move from the base, suggesting increased conviction among buyers. Volume Analysis: There’s a visible volume increase over the last few weeks, supporting the upward breakout attempt and indicating renewed institutional interest near the top of the range. 2. Crucial Support and Resistance Levels Support Levels: ₹130–₹125: Recent breakout zone and prior congestion ₹100: Rectangle base support ₹92: Historical range bottom and previous reaction low Resistance Levels: ₹150–₹156: Rectangle resistance zone, tested multiple times ₹175: Potential extension if breakout sustains ₹200+: Round number and psychological milestone 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout Watch): A decisive breakout above ₹150–₹156 could trigger a fresh rally, with the rectangle height projecting upside toward ₹175+. Sustained price action and volume above ₹156 would validate this view. Trigger: Close above ₹156 with strong volume Target Zones: ₹175, ₹200+ Alternative Scenario (Rejection Risk): If price fails to hold above ₹150, it may face resistance-driven pullback toward ₹125–₹130. Structure remains intact unless the lower end at ₹100 is breached. Failure Trigger: Drop below ₹125 Downside Risk: ₹100 retest possible if reversal intensifies

No detailed thesis provided for this setup.

Price Action Overview: Premier Explosives has shown a powerful breakout from a 1-year Descending Channel pattern. After grinding lower within parallel trendlines for months, the recent sessions have delivered a strong move past the upper channel resistance. Candlestick Behavior: The breakout is defined by a tall bullish candle with a strong close above the trendline. Follow-through action and rising lows over the past few weeks further confirm a change in trend. Volume Analysis: A sharp rise in volume accompanied the breakout, marking clear institutional interest. The surge validates the breakout strength and hints at a potential trend reversal. 2. Crucial Support and Resistance Levels Support Levels: ₹460: Immediate breakout zone, now acting as near-term support ₹400: Previous resistance-turned-base from consolidation ₹330: Channel support and swing low Resistance Levels: ₹550: Interim target as per channel height projection ₹620: Pre-breakdown supply zone ₹750: Medium-term potential extension if momentum sustains 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout Continuation): Sustained strength above ₹460–₹480 confirms breakout from the year-long channel, projecting an upward move toward ₹550–₹620. This aligns with the pattern height added to the breakout zone. Trigger: Holding above ₹480 on strong volume Target Zones: ₹550 (initial), ₹620–₹750 (extended) Alternative Scenario (Reversal or Retest): A drop below ₹460 could indicate a false breakout, leading to a pullback toward ₹400–₹420. Structure remains valid unless it breaks below the channel midline. Failure Trigger: Close below ₹460 with volume drop Downside Risk: ₹400–₹330 retest possible on failed follow-through

No detailed thesis provided for this setup.

Price Action Overview: IFCI has broken out of a 10-month-long Descending Channel, marking a significant shift from its prolonged downtrend. Price action had been respecting the upper and lower channel lines consistently, but a strong bullish candle has now cleared the upper boundary. Candlestick Behavior: The breakout candle is large and impulsive, with a wide real body and strong close near the day’s high — signaling momentum strength. It also marks the highest close since the pattern began forming. Volume Analysis: A massive surge in volume supports the breakout, making it more credible. The move suggests aggressive accumulation and marks a potential trend reversal setup. 2. Crucial Support and Resistance Levels Support Levels: ₹48: Immediate breakout level ₹44: Swing pivot inside the channel ₹40: Lower base from prior consolidation Resistance Levels: ₹58: Minor horizontal hurdle from past structure ₹65: Pre-fall congestion area ₹72: Measured move projection zone 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout): The breakout above ₹48 signals a trend reversal. Holding above this zone could take the stock toward ₹58–₹65, as per the channel depth and previous reaction highs. Trigger: Sustained action above ₹48–₹50 with steady volume Target Zones: ₹58 (initial), ₹65–₹72 (extended) Alternative Scenario (Retest or Failure): If the price falls back below ₹48, it may retest the channel breakout zone around ₹44. Breakdown below ₹44 would negate the setup. Failure Trigger: Close below ₹44 with weak recovery Risk Zone: ₹40–₹44 retest likely in case of failed breakout

No detailed thesis provided for this setup.

No detailed thesis provided for this setup.

Diagonal Support [4 Months + 3 Years] Price Action Overview: KIOCL has formed a clear Cup and Handle structure on the daily timeframe, aligning with a consolidation at a major diagonal support zone on the weekly chart. The pattern base near ₹285 is now acting as neckline resistance. Price is attempting to retest this level after rounding from the lows, indicating renewed interest. Candlestick Behavior: Recent sessions show small-bodied candles with long wicks near resistance, suggesting supply absorption. A decisive bullish candle is awaited to confirm breakout strength. Volume Analysis: Spikes in volume on upward candles over the past week suggest accumulation. Sustained volume above ₹285 would add conviction to the breakout setup. 2. Crucial Support and Resistance Levels Support Levels: ₹240–₹250: Weekly trendline support holding since 2021 ₹210: Recent swing low and consolidation base Resistance Levels: ₹285: Cup and Handle neckline and short-term resistance ₹330–₹350: Measured target post-breakout 3. Strategic Trade Scenarios Primary Setup (Bullish Breakout Anticipation): If price sustains above ₹285 with a strong candle and increasing volume, the Cup and Handle breakout may trigger, aiming for ₹330+ targets. Alternative Scenario (Pullback Risk): Failure to break above ₹285 may lead to a pullback toward ₹250–₹240 support before a potential second breakout attempt.