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.

Price Action Overview: Angel One has once again reacted sharply to its long-standing descending trendline resistance, rejecting a breakout attempt after approaching the ₹3,300–₹3,350 zone. This line has consistently capped rallies since early 2023, marking it as a dominant structural barrier. The most recent attempt saw a short-term breakout with a sharp rally, but a bearish reversal emerged almost immediately, trapping late buyers. Candlestick Pattern: A strong bearish candle with upper wick rejection formed just after a brief breakout attempt, indicating supply pressure and possible bull trap behavior. The reversal follows an extended uptrend from ₹2,200 levels, increasing the risk of a correction. Volume Analysis: Volume spiked during the false breakout phase, followed by a decline during the pullback—suggesting fading momentum. High-volume distribution in the reversal zone reflects institutional selling near resistance. 2. Crucial Support and Resistance Levels Resistance Levels: ₹3,300–₹3,350: Long-term diagonal resistance; rejection evident. ₹3,500: Psychological level and previous swing high (failed breakout). Support Levels: ₹3,100: Minor swing support; failure here could trigger deeper retracement. ₹2,950: Previous pivot area; confluence with recent accumulation zone. ₹2,700: Key trend support from the base of the recent rally. 3. Strategic Trade Scenarios Bearish Scenario (Bias View): The rejection from the diagonal resistance along with a sharp bearish engulfing structure signals a likely pullback. Sustained trading below ₹3,100 may trigger a slide towards ₹2,950–₹2,900. Failure to reclaim ₹3,300 quickly would validate the false breakout. Bullish Reversal Scenario: If price consolidates around ₹3,100 and absorbs supply, a renewed breakout above ₹3,350 on volume could open upside potential back toward ₹3,500–₹3,650. Any reclaim of the breakout level with bullish conviction would invalidate the near-term bearish view.

No detailed thesis provided for this setup.

Price Action Overview: Pramara Promotions has confirmed a breakout from a well-defined horizontal resistance level at ₹163.50, which had capped price advances since September 2024. This breakout follows a sustained uptrend from ₹105 levels, establishing a clear structural shift. The price action leading into the breakout was marked by a series of higher lows— indicating growing accumulation. The recent candles display controlled bullish momentum, culminating in today’s follow-through bar. Candlestick Pattern: The breakout was accompanied by strong bullish candles with little to no upper wicks, suggesting commitment from buyers. Recent price structure resembles a breakout- pullback-continuation formation. Volume Analysis: Volume has seen a marked increase in the last few sessions, validating the breakout. The spike in volume alongside breakout price movement suggests institutional entry and reduces the risk of a false breakout. 2. Crucial Support and Resistance Levels Support Levels: ₹163.50: Previous breakout resistance now acting as support. ₹150: Recent swing low and minor base zone. ₹135: Structural support from April consolidation. Resistance Levels: ₹185–₹190: Near-term extension zone. ₹200+: Psychological round level and potential measured move from the base range. 3. Strategic Trade Scenarios Bullish Scenario (Bias View): Sustained closes above ₹163.50 with volume support confirm the breakout. If the price continues to hold above this level, an upside projection toward ₹185–₹190 is likely, with ₹200+ as an extended target. Continued momentum from this base breakout favors bullish continuation. Pullback Scenario: If price revisits ₹163.50 and holds, it may offer a retest-buy opportunity. Breakdown below ₹150 would weaken the structure and suggest a reversion to the previous consolidation phase, potentially targeting ₹135.

No detailed thesis provided for this setup.

Price Action Overview: The stock has spent over half a decade forming a broad base structure culminating in a classic cup and handle formation. The neckline resistance at ₹38.25 has acted as a ceiling since 2019, repeatedly rejecting advances. After forming the cup base over 2020–2023, the handle phase has developed over the past year. Price is now fluctuating just below the neckline zone, forming tight ranges —a typical behavior before potential breakouts. Candlestick Pattern: Recent candles indicate minor profit booking with a pullback toward the lower end of the handle range. No major breakdown candle has emerged, and the handle pattern remains intact. Volume Analysis: Volume spikes were noted during the 2022–2023 rally, confirming institutional presence. Recent volume is subdued but stable, which is common during the handle consolidation phase. A renewed volume surge near the ₹38 breakout zone would be key for confirmation. 2. Crucial Support and Resistance Levels Support Levels: ₹26: Lower boundary of the handle formation. ₹20: Historical support from mid-2023 base. ₹14–₹15: Long-term support from the accumulation zone post-2020. Resistance Levels: ₹38.25: Cup and handle neckline and critical breakout level. ₹45–₹50: Near-term target zone post breakout. ₹60+: Extended zone from volume-weighted prior supply. 3. Strategic Trade Scenarios Bullish Scenario (Bias View): If the price manages a decisive weekly close above ₹38.25 on expanded volume, it would validate the multi-year cup and handle breakout. This setup may attract positional interest with a projection toward ₹45–₹50 initially. Pullback Scenario: If the price continues to drift lower but holds above ₹26, the handle pattern remains structurally intact. Breakdown below ₹26 on volume would negate the bullish setup and shift focus back to the long-term base at ₹20.

No detailed thesis provided for this setup.

Price Action Overview: Shiva Granito is nearing the climax of a 7-year cup and handle base. The neckline resistance around ₹24.35 has held firm since 2018, rejecting price advances multiple times across the years. The structure shows a classic deep cup formed during 2018–2022, followed by a multi- month handle formation developing since mid-2023. Price is currently positioned just below the neckline, showing increased volatility and higher lows—indicative of building pressure. Candlestick Pattern: Recent weekly candles are bullish and show strong lower wicks, signaling aggressive buying on dips. The current week's breakout attempt hints at bullish intent, though a conclusive close above ₹24.35 remains pending. Volume Analysis: Volume has been on the rise through the handle phase, confirming accumulation. The spike in this week’s volume supports the ongoing bullish activity and may foreshadow an imminent breakout attempt. 2. Crucial Support and Resistance Levels Support Levels: ₹18.50: Minor support formed within the handle. ₹15.00: Structural mid-base level from 2023. ₹12.00: Historical low pivot in base formation. Resistance Levels: ₹24.35: Multi-year neckline and primary breakout level. ₹28.00–₹30.00: Intermediate price targets post breakout. ₹36.00+: Potential zone from measured pattern extension. 3. Strategic Trade Scenarios Bullish Scenario (Bias View): A decisive weekly close above ₹24.35, accompanied by above-average volume, will confirm the 7-year cup and handle breakout. This could open a swift move toward ₹28– ₹30, with the potential to retest prior swing highs around ₹36. Pullback Scenario: Failure to sustain above ₹24.35 could result in continued consolidation within the handle. A dip toward ₹18.50–₹15.00 would still be constructive unless broader breakdown occurs below ₹12, which would invalidate the bullish base structure.

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: Nazara Technologies has triggered a breakout from a classic bullish Pole & Flag continuation pattern, following a strong vertical rise from ₹1,075 to ₹1,325 during May. This explosive rally established the pole, while a tight sideways consolidation between ₹1,225–₹1,325 carved out the flag—displaying ideal trend digestion. Today’s breakout candle decisively cleared the flag’s upper boundary, signaling a resumption of bullish momentum within the prevailing uptrend. Candlestick Pattern: The breakout emerged via a dominant bullish Marubozu candle 📈, reflecting strong buyer conviction. The absence of upper wicks on the candle highlights smooth price acceptance beyond the consolidation zone. Volume Analysis: Volume surged to the highest level in recent weeks, validating the breakout move. Prior volume contraction within the flag adds credibility, exhibiting classic accumulation behavior before breakout. 2. Crucial Support and Resistance Levels Support Levels: ₹1,225: Flag base and immediate retest zone. ₹1,075: Previous breakout zone and major trend anchor. Resistance Levels: ₹1,425: Measured move projection based on pole height. ₹1,525+: Psychological round number and extended breakout target. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🟢 Sustained closes above ₹1,325 on strong volume affirm a confirmed breakout. Price action favoring this structure can lead to a rally toward ₹1,425 initially, with potential upside toward ₹1,525+ on extended momentum. Continuation above ₹1,325 confirms dominant buyer control. Pullback Scenario 🔄 If price retraces to ₹1,225 and stabilizes with bullish reversal signals (like a hammer or engulfing), it could offer a low-risk re-entry. A breakdown below ₹1,225, however, may negate immediate bullish momentum and lead to reversion into the flag zone—bringing ₹1,075 back into focus.

No detailed thesis provided for this setup.

Price Action Overview: SOM Distilleries has successfully broken out of a long-term rectangle consolidation that lasted over two years, with resistance capped around the ₹150 mark. The base formation between ₹90 and ₹150 represented a broad, sideways structure where multiple attempts to breach the upper range were rejected—until now. The stock has shown a clean breakout above ₹150, confirming a structural shift in sentiment after repeated accumulation phases. The rally from ₹120 levels in May has been near vertical, showing breakout strength after price coiled tightly within the upper band. Candlestick Pattern: Recent sessions reflect a bullish marubozu-style breakout 📈 with negligible upper wicks and closing strength. Buyers have maintained dominance with minimal profit- booking dips, reinforcing breakout conviction. Volume Analysis: Volume has picked up significantly during the breakout week—reaching one of the highest levels of the year. The breakout is well-supported by institutional-style accumulation, significantly reducing the probability of a false move. 2. Crucial Support and Resistance Levels Support Levels: ₹150: Former range resistance; now acting as primary breakout support. ₹135: Intermediate consolidation level and minor floor. ₹120: Base zone from which breakout momentum began. Resistance Levels: ₹175–₹180: Near-term projected range extension target. ₹200+: Psychological level and measured move projection from the 60-point rectangle base. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🟢 As long as the price holds above ₹150 on a closing basis, the breakout remains valid. Sustained bullish action can extend this leg higher toward ₹175–₹180, with ₹200+ being an achievable upside target based on the rectangle’s height. Price structure suggests a potential multimonth trend reversal if volume sustains. Pullback Scenario 🔄 If price pulls back to ₹150 and forms bullish reversal signals (e.g., hammer, inside bar), it could provide a secondary entry point with favorable risk-reward. A breakdown below ₹135 would weaken bullish bias and return the stock to consolidation territory.

No detailed thesis provided for this setup.

Price Action Overview: Narayana Hrudayalaya has confirmed a bullish breakout from a Pole & Flag pattern that consolidated neatly over the last three months between ₹1,760–₹1,865. This flag followed a sharp vertical surge (the pole) from ₹1,420 to ₹1,865, setting a strong directional bias. The current breakout bar decisively pierced through the upper flag resistance, closing at a fresh high with robust momentum—indicating renewed buyer interest and the start of another trending leg. 🚀 Candlestick Pattern: Today's breakout occurred via a strong bullish Marubozu candle—no upper wicks, full- body candle, and highest close in months. This signals clear buyer control and conviction at higher prices. Volume Analysis: Breakout was accompanied by a sharp surge in volume, highest since the initial pole formation in March. This volume-price synchronization is a classic validation of breakout strength, often pointing to institutional activity. 📊 2. Crucial Support and Resistance Levels Support Levels: ₹1,865: Previous resistance of the flag, now serving as key support. ₹1,760: Lower boundary of the flag range. ₹1,411: Prior breakout base and major trend support. Resistance Levels: ₹2,050–₹2,100: Measured move target from the flag’s pole height. ₹2,200+: Potential extended leg, aligned with round psychological levels. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🟢 As long as the stock sustains above ₹1,865 on closing basis, the breakout remains valid and strong. Momentum continuation could carry the price toward ₹2,050 initially, with ₹2,200+ as a broader trend target. Pullback Scenario 🔄 If price retests ₹1,865 and forms a bullish reversal (e.g., hammer or bullish engulfing), it could offer a re-entry opportunity. A breakdown below ₹1,760 would reintroduce the flag range and shift bias to neutral.

No detailed thesis provided for this setup.

Price Action Overview: GRM Overseas has confirmed a breakout from a 2-year-long Cup and Handle formation, a powerful basing structure. The neckline near ₹330 was tested multiple times, with the handle forming a controlled consolidation phase between ₹290– ₹330. Today’s candle pierced above the neckline with strong follow-through momentum —indicating a transition from base formation to trend resumption. The structure is suggestive of a long-term reversal, especially after such prolonged accumulation. 📈 Candlestick Pattern: The breakout bar is a large bullish candle, engulfing prior sessions and closing near its high. This indicates decisive buying interest and bullish sentiment. 🔥 Volume Analysis: Volume surged significantly during the breakout session—highest in recent weeks —confirming institutional participation. The handle phase had declining volume, validating the textbook breakout mechanics of this pattern. 2. Crucial Support and Resistance Levels Support Levels: ₹330: Neckline resistance now turned into immediate support. ₹289: Previous handle low and key breakout retest zone. ₹240: Base support formed during consolidation in early 2024. Resistance Levels: ₹385–₹390: Near-term resistance cluster from historical price reaction. ₹435–₹440+: Measured target from the cup height; also previous major top. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) ✅ Sustained closing above ₹330 confirms a structural breakout. If this zone holds, price may target ₹385 in the near term, followed by ₹435 as a medium-term projection. Continuation signals above ₹343 would confirm trend strength. Pullback Scenario 🔁 If price retests ₹330 and finds buying support (e.g., with a bullish reversal candle), it could offer a high-probability continuation setup. A fall below ₹289 would neutralize the bullish view and delay breakout confirmation.

No detailed thesis provided for this setup.

Price Action Overview: Embassy REIT is currently approaching a major multi-year horizontal resistance zone near ₹405.50, which has remained unbroken since early 2020. The price has made a steady climb from the ₹325–₹330 base, constructing a broad rounding bottom structure, indicating long-term accumulation. The current candle suggests an attempt to break the range highs, with buyers steadily testing upper supply zones after several failed prior attempts. Candlestick Structure: While no decisive breakout candle has formed yet, recent weekly bars show consistent higher closes, small-bodied bullish candles, and reduced lower wicks— suggesting seller exhaustion. A breakout attempt could emerge soon with a strong close above ₹406. Volume Analysis: Volume has been gradually increasing over the past few weeks, hinting at growing institutional participation. A surge on a breakout week would confirm genuine accumulation and trigger long-term bullish momentum. 2. Crucial Support and Resistance Levels Support Levels: ₹385: Near-term swing support and retest zone. ₹362: Strong base from previous consolidation phase. ₹330: Long-term structural support from 2023 base. Resistance Levels: ₹405.50: 5-year horizontal resistance—key breakout trigger. ₹430–₹440: Post-breakout expansion zone. ₹512: All-time high and historical resistance from 2019 listing. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) ✅ A weekly close above ₹406 on strong volume would confirm a 5.2-year range breakout, signaling long-term trend initiation. The breakout could unlock upside potential toward ₹430 initially, and eventually toward ₹510+ on extended rally continuation. Pullback Scenario 🔁 If price rejects at ₹406 again, a minor pullback toward ₹385–₹362 could provide a healthy retest opportunity. Only a sustained breakdown below ₹330 would invalidate the bullish thesis and suggest long-term resistance is still intact.

No detailed thesis provided for this setup.

Price Action Overview: Goodluck India is approaching a critical breakout zone around ₹1,015, a level that has consistently acted as a supply ceiling since late 2024. The current uptrend stems from a strong recovery off the ₹740 zone, with price carving out higher lows over the past two months—suggesting a structurally bullish setup. Recent price behavior is tightening just below the resistance, typically a sign of energy building before a potential breakout. Candlestick Structure: Today’s candle shows a strong bullish push closing near the day’s high with minimal upper shadow—highlighting buyer dominance. A follow-through move above ₹1,015 with a bullish candle could trigger the breakout confirmation. Volume Analysis: Volume has been gradually rising during this ascent. The spike in recent sessions indicates growing interest and accumulation. A volume expansion during breakout would reinforce the strength and reduce false breakout risk. 2. Crucial Support and Resistance Levels Support Levels: ₹960: Recent swing low and micro support. ₹905: Minor consolidation base from early June. ₹850: Psychological and structural support from May. Resistance Levels: ₹1,015: Horizontal breakout level—8-month resistance zone. ₹1,090–₹1,120: Post-breakout target zone. ₹1,200+: Round number resistance and potential trend extension level. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) ✅ If the price sustains above ₹1,015 on strong volume, it would validate the 8-month resistance breakout. A move toward ₹1,090–₹1,120 is then likely, with potential for ₹1,200+ if momentum persists. A breakout with volume confirmation signals continued institutional buying. Pullback Scenario 🔁 If price pulls back from ₹1,015, a retest of ₹960–₹905 may offer a dip-buying opportunity. A breakdown below ₹850 would neutralize the bullish setup and signal a reversion to range-bound action.

No detailed thesis provided for this setup.

Price Action Overview: Dhani Services is forming a long-term Cup and Handle pattern, developing over 4.5 years— a rare and powerful base. The stock has built a broad rounding bottom from the 2021 decline, with the handle portion unfolding over the last 5–6 months. Today’s price action—up 21%—marks a strong bullish move approaching the neckline resistance around ₹108. The bullish engulfing nature of the weekly candle confirms strong buying pressure after weeks of sideways accumulation. Candlestick Behavior: The current breakout attempt is backed by a wide-range bullish candle with almost no upper wick, indicating strong momentum and aggressive buyer intent. The candle emerges from the handle base, enhancing its technical credibility. Volume Analysis: Volume surged dramatically this week, clocking the highest in over 2 years, reinforcing the strength of accumulation. This surge confirms institutional participation and increases the breakout reliability should price close above ₹108. 2. Crucial Support and Resistance Levels Support Levels: ₹65: Recent base and handle low. ₹52: Previous demand cluster and key psychological level. ₹40: Long-term support and structural pivot from 2023 lows. Resistance Levels: ₹108: Long-standing neckline; a breakout here would confirm the 4.5-year pattern. ₹130: Measured move resistance zone. ₹160–₹180: Long-term recovery targets if sustained momentum follows. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🚀 A weekly close above ₹108 would officially confirm the cup and handle breakout. With volume backing the move, the price could potentially head toward ₹130 in the short term and ₹160+ in the medium term. Continued higher closes will likely attract momentum investors. Pullback Scenario 🔄 If the price fails to breach ₹108 immediately, a retest of ₹65–₹70 handle support may occur. As long as the handle structure holds, the broader pattern remains valid. A close below ₹52 would invalidate the bullish setup and suggest a return to prolonged base- building.

No detailed thesis provided for this setup.

Price Action Overview: Fredun Pharmaceuticals has successfully broken out of a 3-year falling wedge formation —a classic bullish reversal setup. The price was tightly coiling between two converging trendlines from mid-2021 until early June 2025, creating structural compression. Last week’s candle showed a sharp upside thrust through the wedge’s upper resistance line, marking the first breakout in over 36 months. This price surge reflects a shift from long-term seller control to bullish dominance. Candlestick Behavior: The breakout was accompanied by a large-bodied bullish candle with a solid close near the highs—demonstrating conviction. The breakout came after a series of small-bodied candles, indicating a volatility contraction and perfect setup pressure. Volume Analysis: Volume surged to its highest level in over 2 years, strongly validating the breakout. This spike suggests institutional interest and confirms that the breakout is unlikely to be a false move. 2. Crucial Support and Resistance Levels Support Levels: ₹787: Wedge breakout level; must hold for confirmation. ₹700: Minor base area from the wedge's last low. ₹610: Historical horizontal support and wedge floor. Resistance Levels: ₹900: Minor round-number resistance and intermediate target. ₹1,100: Potential breakout projection from the wedge height. ₹1,350+: Multi-year swing high from 2022; extended upside zone. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 📈 Sustained closes above ₹787 will validate the breakout, with the structure favoring a rally toward ₹900 initially. A measured breakout target lies near ₹1,100, aligning with historical supply. Strength above this could open doors for a retest of the ₹1,350–₹1,400 highs seen during the 2022 bull phase. Pullback Scenario 🔄 In case of a dip, a pullback toward ₹700–₹720 may serve as a healthy retest zone. Any signs of bullish reversal in this zone would reinforce the pattern's integrity. A breakdown below ₹610 would invalidate the long-term wedge and shift the outlook to neutral-to- bearish.

No detailed thesis provided for this setup.

Price Action Overview: Reliable Ventures has completed a multi-decade Rounding Bottom formation, breaking out above the historical resistance level of ₹35.23 for the first time since 2007. This rare, long-term base breakout suggests a major trend reversal after nearly two decades of underperformance and accumulation. The breakout follows a steady base-building process from 2021 to 2025, where the stock traded in a narrow range with gradually rising lows—indicating stealth accumulation. Candlestick Behavior: This week’s breakout was accompanied by a tall bullish candle, closing near its weekly high, suggesting strong buyer intent. The absence of upper wicks highlights price acceptance and aggressive demand post-breakout. Volume Analysis: Volume exploded to multi-year highs—well above the long-term average—confirming the validity of the breakout. This surge indicates institutional or high-conviction participation, which often precedes a structural shift in stock behavior. 2. Crucial Support and Resistance Levels Support Levels: ₹35.23: Long-term breakout level and now a key base support. ₹25: Minor accumulation range from early 2024. ₹17: Historical range support from the 2021–2023 base. Resistance Levels: ₹60–₹65: Nearest logical resistance from mid-2007 swing levels. ₹100+: Long-term psychological and structural zone from the 2006–07 peak. ₹155: All-time high and upper range boundary from IPO era. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🚀 With price holding firmly above ₹35.23 and supported by strong volume, Reliable Ventures appears to be entering a multi-phase rally structure. A move toward ₹60–₹65 is likely as the first target, with scope to revisit ₹100+ if momentum sustains. This setup marks a potential long-term reversal from obscurity to visibility. Pullback Scenario 🔁 Any dip back to ₹35.23 could offer a high-probability retest opportunity. As long as price sustains above ₹25, the breakout structure remains intact. A close below ₹25 would negate immediate bullish bias and suggest reversion to the prior base.

No detailed thesis provided for this setup.

Price Action Overview: National Fittings has completed a massive 7-year Cup and Handle formation, breaking out above the long-standing resistance at ₹194.90. This pattern emerged after a prolonged downtrend bottomed in 2020, followed by a sustained accumulation phase through 2022–2024. The current breakout has occurred with a steep, impulsive move through the neckline, reflecting powerful buyer conviction. The handle portion of the pattern—formed over the past 6–8 months—was relatively shallow, suggesting minimal distribution pressure. Candlestick Behavior: The breakout bar was a long bullish candle with a strong close near the high, indicating robust participation. While minor wicks exist, the price held firmly above the breakout level, validating bullish strength. Volume Analysis: Volume surged significantly during the breakout, reaching the highest levels since 2017. The spike marks institutional or large-lot interest and confirms breakout authenticity. Previous volume buildup during the handle also hinted at accumulation. 2. Crucial Support and Resistance Levels Support Levels: ₹194.90: Multi-year neckline; critical level for continuation. ₹160: Handle support zone and consolidation base. ₹125: Mid-range support from the 2023 accumulation. Resistance Levels: ₹240–₹250: Nearest swing supply zone from 2017. ₹285: Historical price pivot from 2016. ₹300+: Round-number zone and potential measured target from the pattern. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🚀 A successful breakout above ₹194.90 on strong volume supports a sustained uptrend. If price holds above this level, we may see continued upside toward ₹240 and ₹285 in the near to medium term. The pattern suggests long-term reversal potential. Pullback Scenario 🔁 Any retracement toward ₹194.90 followed by a bullish reversal setup may offer a secondary entry. A breakdown below ₹160 would neutralize the bullish breakout structure and shift bias back to a broader rangebound outlook.

No detailed thesis provided for this setup.

Price Action Overview: Infomedia Press is approaching the final resistance zone of a massive 13-year rounding bottom pattern, with the neckline drawn near ₹9.85. Since forming a bottom around ₹2 in 2020, the stock has been inching higher in a well-structured base buildup. The current chart shows increasing tightness in consolidation, indicating reduced volatility and gradual demand absorption near the neckline. Price is now testing the breakout zone, showing subtle signs of a potential long-term reversal. Candlestick Behavior: Recent candles have shown increased body size with diminished upper wicks—implying controlled upside attempts. Today’s move extended above previous local highs, albeit with some rejection—suggesting indecision just below breakout. Volume Analysis: Volume has started expanding meaningfully in recent sessions, hitting multi-year highs. This accumulation zone, accompanied by volume rise, strengthens the probability of a valid breakout attempt in coming weeks. 2. Crucial Support and Resistance Levels Support Levels: ₹7.50: Recent accumulation shelf; minor swing base. ₹5.50: Mid-base support within the long consolidation. ₹2.00: Structural base and historical bottom. Resistance Levels: ₹9.85: Major neckline and breakout point from the 13-year rounding base. ₹12.50: Psychological barrier and possible post-breakout retest zone. ₹18.00–₹20.00: Historical supply zone (2010–2011 range). 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🚀 A weekly close above ₹9.85 with volume expansion would trigger the breakout from a generational base. Such a breakout could unlock a significant trend shift, potentially propelling price toward ₹12.50 and ₹18+ over time. Pullback Scenario 🔁 If price fails to break above ₹9.85 and retreats, watch for support at ₹7.50. A bounce from that zone with renewed volume could offer a re-entry opportunity. Breakdown below ₹5.50 would delay breakout structure and shift bias to prolonged consolidation.

No detailed thesis provided for this setup.

Price Action Overview: Zodiac-JRD-MKJ has been locked within a classic rectangle range for nearly two decades, with the upper boundary near ₹61–₹63 and strong base support around ₹12– ₹14. The stock recently registered a decisive breakout above the 20-year horizontal resistance, marking a generational structural shift. The price action has seen volatility compression and base tightening over the past few years. The latest surge saw a breakout move, followed by some volatility, but the structure remains firm above the key neckline. Candlestick Behavior: The breakout was accompanied by wide-range bullish candles with strong closes, despite minor upper shadows. This suggests buying strength amid volatility. Recent candles are showing stabilizing behavior near ₹60+, reinforcing support confirmation. Volume Analysis: Volume surged dramatically at the time of breakout—among the highest in years— clearly reflecting long-term accumulation. Sustained volume activity after the breakout keeps the bullish bias intact and reduces the odds of a false move. 2. Crucial Support and Resistance Levels Support Levels: ₹61: Long-term breakout zone; immediate structural support. ₹45: Recent swing low, now an interim demand zone. ₹30–₹35: Mid-rectangle equilibrium zone with historical accumulation. Resistance Levels: ₹85: Recent swing high from post-breakout spike. ₹103–₹105: 2024 high and multi-decade peak. ₹120+: Blue-sky territory with no visible supply; historical price vacuum. 3. Strategic Trade Scenarios Bullish Scenario (Bias View) 🚀 As long as the price holds above ₹61, the breakout from the 20-year rectangle remains valid. If momentum sustains, a revisit toward ₹85 and ₹100+ is likely. Follow-through buying above ₹85 could initiate a powerful price discovery phase targeting ₹120+ over time. Pullback Scenario 🔁 A pullback to ₹61 that holds on lower volume may offer an ideal retest zone. A close below ₹45 would increase caution and shift the structure toward neutral, possibly retesting the ₹30–₹35 zone.

No detailed thesis provided for this setup.

📈 Price Action Overview: Sigachi Industries has completed a strong breakout above a horizontal resistance at ₹56.25, a level that had repeatedly capped price advances since Q3 2024. The breakout follows a sharp rally from ₹36 levels in May, indicating powerful trend reversal momentum. This structural shift is supported by a clean sequence of higher highs and higher lows, building pressure below resistance before the final breakout. The price action is now holding firm above the breakout zone, suggesting trend continuation. 🕯 Candlestick Behavior: The breakout was led by multiple long-bodied bullish candles, some with mild wicks but mostly signaling strong close-to-high finishes. The breakout zone is showing candle- based acceptance, highlighting buyer interest at retest zones.

No detailed thesis provided for this setup.

📈 Price Action Overview: Raj Oil Mills has been oscillating within a broad rectangle pattern between ₹37.50 (support) and ₹80.60 (resistance) for over four years. The latest weekly candle shows a sharp bullish surge from the lower band toward the midpoint of the range —indicating revived demand and possibly the start of a breakout attempt. The sudden price thrust follows a prolonged base, with volatility contraction now giving way to range expansion. This is often a precursor to larger moves, especially after such long-term coil setups. 🕯 Candlestick Behavior: This week’s candle is a powerful bullish marubozu—strong body, minimal wicks— indicating conviction and urgency from buyers. It’s one of the most dominant candles seen since 2021.

No detailed thesis provided for this setup.

📈 Price Action Overview: Yaari has been building a long-term bottoming base through a classic Cup and Handle formation, taking shape over nearly 2.6 years. The rounded base began after a prolonged downtrend and has shown consistent higher lows since early 2024. The neckline at ₹20.20 has repeatedly acted as resistance, making it a critical breakout zone. The recent price action is forming the right side of the handle with increasing tightness —hinting at compression before a potential breakout. The overall setup reflects a matured accumulation structure nearing completion. 🕯 Candlestick Behavior: Recent candles show orderly upward movement, with clean bullish bodies and shorter upper wicks—suggesting steady buyer interest. The current approach toward the neckline is happening with strong-bodied candles.

No detailed thesis provided for this setup.

📉 Price Action Overview: Variman Global had been trapped in a well-defined descending channel for over a year, with consistent lower highs and lower lows forming within the red-blue trendlines. The recent breakout above the upper boundary of the channel marks a significant technical shift and hints at a trend reversal from long-term downtrend to potential accumulation breakout. The price broke out from the upper resistance band with a steep vertical move, indicating momentum-driven strength rarely seen in such penny stocks. This shift is supported by a series of bullish candles with minor intraday retracements. 🕯 Candlestick Behavior: The recent candles show sustained upward pressure with increasing body length and minimal upper wicks—suggesting strong follow-through buying. Today’s close above the trendline adds technical weight to the breakout.