Weekend ChartBookEdition 280Sunday, 21 September 2025125 pages in the PDF

    The 280th ChartBook.

    Chart-based studies, market patterns, support and resistance levels and price-volume behaviour — presented so traders and investors can understand market structure more effectively. Thirty charts across four books.

    Charts in the books30Across F&O, SME, cash and micro-cap. Two are flagged not-yet-marked.
    On watch16Charts tracked but not yet marked.
    01

    What this ChartBook is.

    Intended purely for educational and informational purposes — chart-based studies presented to foster technical learning only.

    Investology, founded and managed by SEBI Registered Research Analyst Rohit Singh (Mr. Chartist), is committed to promoting financial literacy and empowering individuals through the principles of Technical Analysis. This ChartBook is intended purely for educational and informational purposes. It showcases chart-based studies, market patterns, support and resistance levels, and price-volume behavior with the objective of helping traders and investors understand market structure more effectively.

    The information presented in this ChartBook should not be construed as investment advice or a recommendation to buy, sell, or hold any securities. All analysis is based solely on historical price action, chart formations, and volume trends, using tools and charts obtained from TradingView.com. No indicators or forward-looking projections are used, and all chart setups are presented to foster technical learning only. Readers are strongly encouraged to conduct their own due diligence and consult with a certified financial advisor before making any trading or investment decisions.

    StructurePattern & durationWhat the price has built, and over how long. A two-year rectangle is not a two-week one.
    ZonesSupport & resistanceThree of each where the chart offers them, each with the reason it exists.
    ConfirmationVolume behaviourWhether the move that made the pattern was participated in or ignored.
    02

    Indices.

    This section offers a focused view on the major Indian stock market indices to help you understand the overall market sentiment, direction, and strength. Tracking index movements allows traders to gauge the broader environment before making decisions on individual stocks.

    In the book's own words
    What’s included

    We cover key benchmark indices such as Nifty 50, Sensex, Nifty Bank, Nifty IT, Nifty Auto, Nifty Pharma, Nifty Realty, and other sectoral indices that represent diverse segments of the Indian economy. These indices act as barometers of sectoral and market-wide performance.

    Analysis focus

    Our technical analysis includes the identification of chart patterns, observation of support and resistance zones, and volume trends. Each chart is studied based on price action—no indicators—providing a clear and reliable view of potential reversals, continuations, or breakouts.

    How it helps

    Understanding index behavior gives you a strategic advantage in planning your trades. Many stocks mirror the performance of their respective sector indices, so reading index trends helps improve stock selection, trade timing, and risk management. This macro view sharpens your judgment before diving into individual setups.

    NIFTYThe benchmark. Nothing below is taken against its structure.
    BANK NIFTYWeight of the index; sets the tone for the financial book.
    NIFTY FINANCEBroader financials — NBFCs and insurers alongside the banks.
    NIFTY PSU BANKThe most trend-persistent of the bank cuts.
    NIFTY MIDCAPWhere most of the cash book actually lives.
    NIFTY SMALLCAPThe risk gauge. Weak here, and the micro book waits.
    NIFTY PHARMADefensive rotation read.
    NIFTY METALGlobal cycle read; leads the commodity names.
    NIFTY FMCGThe other side of the rotation from metal and PSU.
    03

    Bullish Charts [F&O].

    This section features stocks from the Futures & Options (F&O) segment that are showing strong bullish technical setups, making them suitable candidates for long trades. These stocks exhibit breakout formations, trend continuation signals, or early-stage reversal patterns that indicate buying interest and potential upside movement.

    In the book's own words
    What’s included

    We include F&O-listed stocks that are forming classic patterns such as Cup & Handle, Pole & Flag, Ascending Triangles, Rounding Bottoms, and other bullish structures. These selections are based on price action and volume, highlighting stocks that have recently broken out or are on the verge of doing so.

    Analysis focus

    Each chart is analyzed with a focus on:

    • Breakout levels and confirmation zones
    • Support and resistance areas
    • Volume behavior during pattern development
    • Target projections and stop-loss zones based on pattern height or key levels
    How it helps

    These charts help F&O traders identify high-probability opportunities to enter long positions with strong risk-reward setups. Whether you’re a short-term swing trader or looking to ride momentum, this section equips you with timely, technically sound entries aligned with broader trend strength.

    ALKEMLongDaily ChartBreakout in Progress with Continuation Bias

    Alkem Laboratories Ltd.

    Double Bottom · 7 Months
    Marked at₹5,541.60
    ALKEMDaily Chart · Double Bottom · 7 MonthsChart via TradingView.com100%
    ₹6,100–₹6,300Pattern-measured target zone from the double bottom+11.9%
    ₹5,850Round-number resistance+5.6%
    ₹5,576–₹5,600Current breakout zone; short-term supply pocket+0.8%
    Marked at₹5,541.60
    ₹5,390Breakout neckline; immediate support level−2.7%
    ₹5,160Minor horizontal support from early September−6.9%
    ₹4,900–₹5,000Demand zone; base of prior consolidation−10.7%
    Risk to stop−2.7%To ₹5,390, from ₹5,541.60To first target+5.6%To ₹5,850, from ₹5,541.60Reward : risk1 : 2.0Triggers at ₹5,600 · Full run ₹6,300 · +13.7%
    Chart Pattern Analysis

    Alkem Laboratories has formed a 7-month Double Bottom pattern, signaling a potential long-term trend reversal. The stock initially bottomed out near ₹4,500 in March 2025, retested similar levels in June, and then reversed sharply. The neckline breakout occurred near ₹5,391 in early September, marking a shift from accumulation to breakout mode.

    Recently, the stock has shown sustained follow-through above the neckline, with price now attempting to breach ₹5,576, which had acted as a minor resistance zone from early July. The ongoing price action suggests a bullish continuation setup with potential for a measured move toward ₹6,100–₹6,300, as projected from the pattern depth.

    The breakout is clean, the price is trending in alignment with bullish momentum, and higher levels could follow if follow-through continues.

    Candlestick Behavior
    • The breakout above the neckline has been orderly and constructive, not impulsive or overextended.
    • Candles are rising steadily, forming a higher high–higher low structure post-breakout.
    • Recent sessions show a brief consolidation near ₹5,550–₹5,575, potentially forming a flag/pennant continuation pattern.
    Volume Analysis
    • Volume spiked noticeably during the breakout above ₹5,391, confirming institutional interest.
    • While volume has tapered off during the current consolidation, this is normal in post-breakout pauses.
    • Watch for volume expansion above ₹5,600–₹5,625 as confirmation of renewed momentum.
    PrimaryPost-Breakout Continuation
    EntryOn daily close above ₹5,600Stop-lossBelow ₹5,390 (neckline retest)Target₹5,850 → ₹6,100 → ₹6,300

    Strong trend reversal structure with ideal volume confirmation. Suitable for short- to medium-term positional play.

    AlternatePullback to Neckline Support
    Entry₹5,400–₹5,420 (if price retests neckline support)Stop-lossBelow ₹5,300Target₹5,600 → ₹5,850

    Tactical entry for those looking to participate on a potential throwback setup.

    Invalidation
    • A close below ₹5,300 would weaken the breakout structure.
    • Breakdown below ₹5,150 would invalidate the current bullish bias and open up a range reversion toward ₹4,900.
    M&MFINLongDaily ChartApproaching Breakout Zone After Prolonged Range-Bound Action

    Mahindra & Mahindra Financial Services Ltd.

    Rectangle Pattern · 1 Year
    Marked at₹289.55
    M&MFINDaily Chart · Rectangle Pattern · 1 YearChart via TradingView.com100%
    ₹333–₹335Pattern target based on height of rectangle (~₹45 range)+15.4%
    ₹305Pre-gap resistance from August 2024+5.3%
    ₹290–₹293Rectangle top; critical breakout trigger+0.7%
    Marked at₹289.55
    ₹275–₹278Minor support from recent consolidation−4.5%
    ₹260–₹265Mid-range zone; prior breakout level in July 2025−9.3%
    ₹245–₹250Rectangle base; long-term structural support−14.5%
    Risk to stop−4.0%To ₹278, from ₹289.55To first target+5.3%To ₹305, from ₹289.55Reward : risk1 : 1.3Triggers at ₹293 · Full run ₹335 · +15.7%
    Chart Pattern Analysis

    M&MFIN has been trading within a well-defined Rectangle Pattern for the past year, oscillating between a strong support zone near ₹245 and resistance near ₹290. This prolonged consolidation highlights a phase of accumulation and indecision, where neither bulls nor bears held dominance.

    Over the last few weeks, the stock has gained significant upward momentum and is now testing the upper boundary of the rectangle. A clean breakout above ₹290–₹293 would mark a technical regime shift toward a bullish structure with trend-following potential.

    With the range contraction and repeated resistance testing, the probability of an upside breakout is increasing, especially as the price builds higher lows into resistance — a bullish pressure buildup.

    Candlestick Behavior
    • Price has surged steadily from ₹255 levels over the last few weeks, gaining ~13% with rising momentum.
    • Candles are large-bodied and consistent, indicating institutional interest.
    • The current candle is pressing into the resistance zone; no rejection wick seen yet, indicating sustained buying pressure.
    Volume Analysis
    • Volume has picked up notably during the recent rally toward resistance.
    • Past breakout attempts from this zone failed due to weak follow-through and lack of volume confirmation.
    • This time, volume has expanded alongside price — a potential precursor to a valid breakout.
    PrimaryBreakout Above Rectangle Resistance
    EntryOn daily close above ₹293Stop-lossBelow ₹278Target₹305 → ₹333–₹335
    Invalidation
    • Rejection at ₹290–₹293 with a failure back under ₹278 returns the stock to its range.
    POLYCABLongDaily ChartRetesting All-Time Highs with Breakout Potential

    Polycab India Ltd.

    Horizontal Resistance Test · 1.3 Years
    Marked at₹7,549.00
    POLYCABDaily Chart · Horizontal Resistance Test · 1.3 YearsChart via TradingView.com100%
    ₹8,200–₹8,300Projected breakout target from the base (approx. 9% higher)+9.3%
    ₹7,605Historical resistance; 1.3-year ceiling+0.7%
    Marked at₹7,549.00
    ₹7,300–₹7,350Minor support from recent swing base−3.0%
    ₹6,900Former breakout level; previous resistance turned support−8.6%
    ₹6,400Major support zone from July-August 2025 consolidation−15.2%
    Risk to stop−3.3%To ₹7,300, from ₹7,549.00To first target+8.6%To ₹8,200, from ₹7,549.00Reward : risk1 : 2.6Triggers at ₹7,610 · Full run ₹8,300 · +9.9%
    Chart Pattern Analysis

    Polycab is currently trading near its all-time high zone of ₹7,605, a key horizontal resistance that has capped price advances for over 1.3 years. The stock previously reversed sharply from this zone in December 2023, leading to a deep correction. However, the current rally has been structurally stronger, backed by rising momentum and cleaner higher highs and higher lows on the daily timeframe.

    The long base formation since early 2024 and the sharp V-shaped recovery over the last few months signal renewed buying interest. With price now approaching the final barrier, a breakout above ₹7,605 could open the doors for a fresh upside leg and trend continuation.

    The structure is indicative of a stage-2 breakout from a base built over several quarters — often resulting in explosive follow-throughs, provided volume supports the move.

    Candlestick Behavior
    • Recent candles show sustained bullish control with minimal upper wicks — strong trend candles.
    • No reversal signal yet near resistance; price remains in breakout anticipation mode.
    • Candle bodies have expanded in the last 5 sessions, suggesting momentum acceleration.
    Volume Analysis
    • Volume has been rising steadily over the last 2 weeks.
    • Breakouts from long-term horizontal resistances require volume > average of last 10 sessions — something to watch in the next few candles.
    • Past resistance rejections were marked by volume spikes with selling tails — not visible this time yet.
    PrimaryBreakout Play
    EntryOn daily close above ₹7,610Stop-lossBelow ₹7,300Target₹8,200 → ₹8,300

    Breakout from long-term consolidation. Preferably wait for confirmation with volume. Ideal for positional trades with trend-following bias.

    AlternatePre-breakout Dip Buy
    Entry₹7,300–₹7,350 zone on minor dipStop-lossBelow ₹7,150Target₹7,600 → ₹8,200 (post breakout)

    Low-risk pre-breakout accumulation area if trend structure holds. Use bullish reversal candle as entry trigger.

    Invalidation
    • A close below ₹7,150 would weaken short-term structure.
    • A rejection from ₹7,600 with long upper wick and volume spike would signal false breakout risk or short-term exhaustion.
    SBINLongDaily ChartBreakout From 1.3-Year Resistance

    State Bank of India

    Horizontal Resistance Retest + Ascending Triangle Breakout · 1.3 Years
    Marked at₹862.35
    SBINDaily Chart · Horizontal Resistance Retest + Ascending Triangle Breakout · 1.3 YearsChart via TradingView.com100%
    ₹900–₹920Measured breakout projection (based on triangle height)+5.5%
    ₹875–₹880Intraday rejection high; short-term resistance+1.8%
    Marked at₹862.35
    ₹845–₹850Immediate breakout zone; retest support−1.7%
    ₹810–₹820Ascending trendline and prior base−5.5%
    ₹780Strong intermediate support−9.5%
    Risk to stop−3.8%To ₹830, from ₹862.35To first target+1.5%To ₹875, from ₹862.35Reward : risk1 : 0.4Full run ₹920 · +6.7%
    Chart Pattern Analysis

    SBIN has finally broken above a major horizontal resistance level that has capped price advances since May 2024 (~₹860–₹865 zone), completing a large Ascending Triangle pattern in the process.

    The formation of higher lows since March 2025, combined with a static resistance zone, points to strong accumulation below supply — a classic bullish continuation setup. After months of coiling, the price broke out with a wide-bodied bullish candle, confirming strength.

    This breakout also comes after a lengthy 1.3-year consolidation, making the structure more powerful and potentially sustainable if volume follow-through continues.

    Candlestick Behavior
    • Breakout candle was large-bodied and bullish, with a clean close above resistance.
    • Minor rejection from the high, but the close still remains above the critical breakout zone.
    • Price is now retesting the breakout level, which can serve as a re-entry point if a bullish reversal is confirmed.
    Volume Analysis
    • Volume spiked significantly on the breakout session, confirming institutional interest.
    • Volume on prior attempts to break ₹860 had been weak — making this breakout structurally stronger.
    • Sustained volume above the 10-day average will be key to validate the follow-through.
    PrimaryPost-Breakout Continuation
    EntryOn bullish reversal near ₹850–₹855 zone (retest of breakout)Stop-lossBelow ₹830Target₹875 → ₹900 → ₹920

    A classic continuation setup following a long-term resistance breakout. Retest entry offers favorable risk-reward.

    AlternateFresh Breakout Continuation
    EntryOn daily close above ₹875 with volumeStop-lossBelow ₹850Target₹900 → ₹940

    Ideal for momentum traders looking for confirmation post-retest.

    Invalidation
    • A close below ₹830 would invalidate the breakout and suggest a false move.
    • Breakdown of the ascending trendline would signal structural weakening and caution for longs.
    04

    Bearish Charts [F&O].

    This section highlights Futures & Options (F&O) stocks that are exhibiting bearish technical structures, making them suitable for short-selling opportunities or hedging existing positions. These stocks reflect signs of trend exhaustion, distribution, or breakdowns from key support levels.

    In the book's own words
    What’s included

    We cover F&O stocks that are forming classic breakdown patterns such as Head & Shoulders, Double Tops, Rising Wedges, Descending Channels, and other bearish formations. The selections are based on weakening price action, failed breakout attempts, or visible rejection from resistance zones.

    Analysis focus

    Each chart is analyzed with an emphasis on:

    • Breakdown levels and confirmation zones
    • Key resistance areas and reversal signals
    • Volume spikes during breakdowns or failed rallies
    • Downside projections and risk-managed stop-loss levels
    How it helps

    This section is ideal for traders seeking to capitalize on falling prices, manage portfolio risk through hedging, or identify short-biased setups in down-trending markets. These bearish signals provide timely insights for initiating high-probability short trades or avoiding long exposure in weak stocks.

    Nothing marked this editionNo F&O chart met the standard for a short in the 280th edition. The section stays in the book with nothing in it rather than being filled to keep the page count.
    05

    SME Bullish Charts.

    This section focuses on small and medium enterprise (SME) stocks that are exhibiting strong bullish technical setups. These stocks often belong to emerging businesses with lower market visibility but can offer exceptional risk-reward opportunities when supported by clean chart structures.

    In the book's own words
    What’s included

    We feature SME stocks that are forming clear breakout patterns, showing trend continuation signals, or building strong accumulation zones backed by noticeable volume. While they often have lower liquidity, their price behavior can be technically reliable when patterns align well.

    Analysis focus

    Each chart is reviewed based on:

    • Price structure and formation of bullish patterns like Pole & Flag, Rounding Bottoms, or Ascending Triangles
    • Support and resistance zones for effective entry planning
    • Volume trends, especially post-consolidation, to confirm buyer interest
    • Risk-managed entry levels, targets, and stop-loss zones
    How it helps

    This section is ideal for traders who are comfortable participating in higher-risk, low-float stocks and are looking for early-stage breakout opportunities in lesser-known names. SME stocks, when technically aligned, can deliver strong moves over a short or medium timeframe and are often missed in broader market scans.

    Read this before the SME bookSME stocks often have lower liquidity and low float, which cuts both ways. Position sizes here are a fraction of a cash-book size, exits are staggered, and a market order is a mistake. If the spread is wider than your risk, the setup is not tradeable at your size.
    COOLCAPSDaily chart · RectangleChart via TradingView.com
    COOLCAPSLongDaily chartCool Caps IndustriesRectangle · 1 year
    ₹108–₹110Immediate resistance from the recent high+5.6%
    Marked at₹103.20
    ₹98–₹100Rectangle breakout zone; key immediate support−4.1%
    Entry₹98–₹100 on a bullish reversal candleStopBelow ₹92Target₹110 → ₹120
    Risk to stop−10.9%To ₹92, from ₹103.20To first target+6.6%To ₹110, from ₹103.20Reward : risk1 : 0.6Full run ₹120 · +16.3%
    Full analysis · 5 levels
    INDEMULDaily chart · Double BottomChart via TradingView.com
    INDEMULLongDaily chartIndian EmulsifiersDouble Bottom · 9 months
    ₹210–₹215Immediate resistance from April 2024 swing highs+9.7%
    Marked at₹193.65
    ₹180Former neckline; now the breakout retest zone−7.0%
    EntryOn a sustained move above ₹195StopBelow ₹180Target₹210 → ₹240
    Risk to stop−7.0%To ₹180, from ₹193.65To first target+8.4%To ₹210, from ₹193.65Reward : risk1 : 1.2Triggers at ₹195 · Full run ₹240 · +23.9%
    Full analysis · 5 levels
    MODISDaily chart · RectangleChart via TradingView.com
    MODISLongDaily chartModis NavnirmanRectangle · 6 months
    ₹330–₹335Nearest technical resistance from historic price clusters+6.7%
    Marked at₹311.55
    ₹305Breakout point; immediate retest support−2.1%
    EntryOn sustained price action above ₹305StopBelow ₹290Target₹330 → ₹350
    Risk to stop−6.9%To ₹290, from ₹311.55To first target+5.9%To ₹330, from ₹311.55Reward : risk1 : 0.9Full run ₹350 · +12.3%
    Full analysis · 5 levels
    06

    Cash Bullish Charts.

    This section focuses on larger, fundamentally stable, and more liquid equity stocks with strong bullish technical setups. These stocks are ideal for medium to long-term positions in the cash market, especially for traders and investors who prefer steady trend-based growth opportunities.

    In the book's own words
    What’s included

    We include equity stocks with a market capitalization above ₹20 billion, which are showing signs of uptrend continuation, pattern breakouts, or early reversal formations. These stocks often attract institutional interest due to their reliability and consistent performance.

    Analysis focus

    Each chart is evaluated on the basis of:

    • Breakout or reversal patterns such as Pole & Flag, Cup & Handle, Ascending Triangles, and Rounding Bottoms
    • Key support and resistance zones that define risk-reward clarity
    • Entry and exit points, along with clearly defined stop-loss levels for effective trade management
    • Volume confirmation to support the technical signal
    How it helps

    This section is perfect for positional traders and long-term investors who seek technically strong setups in high-quality stocks. These stocks offer higher liquidity, greater price stability, and align well with portfolios focused on growth, trend riding, or swing opportunities backed by strong structure and risk control.

    ANANTRAJDaily chart · Cup and HandleChart via TradingView.com
    ANANTRAJLongDaily chartAnant RajCup and Handle · 9 months
    ₹720–₹740First projection target from cup height+14.0%
    Marked at₹640.40
    ₹630Pattern neckline and breakout level; immediate retest support−1.6%
    EntryOn a sustained move above ₹630–₹640StopBelow ₹590Target₹720 → ₹920
    Risk to stop−7.9%To ₹590, from ₹640.40To first target+12.4%To ₹720, from ₹640.40Reward : risk1 : 1.6Full run ₹920 · +43.7%
    Full analysis · 5 levels
    ADITYAVISIONWeekly chart · Pole & FlagChart via TradingView.com
    ADITYAVISIONLongWeekly chartAditya VisionPole & Flag · 2.7 years
    ₹630–₹650Minor resistance; short-term psychological hurdle+11.6%
    Marked at₹573.50
    ₹560Flag upper boundary and breakout confirmation; critical−2.4%
    EntryOn a weekly close above ₹560–₹570StopBelow ₹510Target₹650 → ₹740 → ₹850
    Risk to stop−11.1%To ₹510, from ₹573.50To first target+13.3%To ₹650, from ₹573.50Reward : risk1 : 1.2Full run ₹850 · +48.2%
    Full analysis · 5 levels
    JOHNCOCKDaily chart · Cup and HandleChart via TradingView.com
    JOHNCOCKLongDaily chartJohn Cockerill IndiaCup and Handle · 1 year
    ₹5,560–₹5,600Immediate resistance from prior price memory+4.9%
    Marked at₹5,321.55
    ₹5,300–₹5,325Breakout zone; must hold for the structure to remain intact−0.2%
    EntryOn daily close and follow-through above ₹5,350StopBelow ₹5,000Target₹5,900 → ₹6,300
    Risk to stop−6.0%To ₹5,000, from ₹5,321.55To first target+10.9%To ₹5,900, from ₹5,321.55Reward : risk1 : 1.8Triggers at ₹5,350 · Full run ₹6,300 · +18.4%
    Full analysis · 5 levels
    DCALWeekly chart · Horizontal Resistance BreakoutChart via TradingView.com
    DCALLongWeekly chartDishman Carbogen AmcisHorizontal Resistance Breakout · 7 years
    ₹335Minor historical reaction level (2018 breakdown point)+11.6%
    Marked at₹300.05
    ₹295–₹300Previous resistance; now immediate support post-breakout−0.8%
    EntryCurrent levels or a minor dip toward ₹295StopBelow ₹260Target₹335 → ₹370 → ₹395–₹400
    Risk to stop−13.3%To ₹260, from ₹300.05To first target+11.6%To ₹335, from ₹300.05Reward : risk1 : 0.9Full run ₹400 · +33.3%
    Full analysis · 5 levels
    GMDCMonthly chart · Rounding Bottom BreakoutChart via TradingView.com
    GMDCLongMonthly chartGujarat Mineral DevelopmentRounding Bottom Breakout · 18 years
    ₹615–₹630Minor resistance from early breakout wicks+8.8%
    Marked at₹571.95
    ₹540–₹560Multi-decade neckline; now major support−3.8%
    EntryCurrent levels or a minor pullback to ₹550Stop₹475 on a closing basisTarget₹630 → ₹700 → ₹850
    Risk to stop−17.0%To ₹475, from ₹571.95To first target+10.1%To ₹630, from ₹571.95Reward : risk1 : 0.6Full run ₹850 · +48.6%
    Full analysis · 6 levels
    MONTECARLODaily chart · Double Bottom + 3-year Rectangle BaseChart via TradingView.com
    MONTECARLOLongDaily chartMonte Carlo FashionsDouble Bottom + 3-year Rectangle Base · 2 years
    ₹725Minor congestion; must clear for trend extension+8.1%
    Marked at₹670.75
    ₹640–₹650Double-bottom breakout zone; immediate support−3.8%
    EntryOn dips toward ₹645–₹655StopBelow ₹590Target₹725 → ₹815 → ₹900+
    Risk to stop−12.0%To ₹590, from ₹670.75To first target+8.1%To ₹725, from ₹670.75Reward : risk1 : 0.7Full run ₹900 · +34.2%
    Full analysis · 6 levels
    MTARTECHDaily chart · Descending Channel BreakoutChart via TradingView.com
    MTARTECHLongDaily chartMTAR TechnologiesDescending Channel Breakout · 2 years
    ₹1,925–₹1,950Recent swing high from early 2025+7.7%
    Marked at₹1,798.30
    ₹1,700–₹1,740Former channel resistance; now immediate support−4.4%
    EntryCurrent levels or on dips toward ₹1,740StopBelow ₹1,540Target₹1,925 → ₹2,100 → ₹2,250
    Risk to stop−14.4%To ₹1,540, from ₹1,798.30To first target+7.0%To ₹1,925, from ₹1,798.30Reward : risk1 : 0.5Full run ₹2,250 · +25.1%
    Full analysis · 6 levels
    NORTHARCDaily chart · Cup and Handle BreakoutChart via TradingView.com
    NORTHARCLongDaily chartNorthern Arc CapitalCup and Handle Breakout · 1 year
    ₹295–₹305Minor historical resistance and round-number supply+8.2%
    Marked at₹277.35
    ₹270–₹275Breakout neckline and immediate retest zone−1.7%
    EntryCurrent levels or slight dips to ₹270StopBelow ₹245Target₹295 → ₹330 → ₹350+
    Risk to stop−11.7%To ₹245, from ₹277.35To first target+6.4%To ₹295, from ₹277.35Reward : risk1 : 0.5Full run ₹350 · +26.2%
    Full analysis · 6 levels
    PAUSHAKWeekly chart · Descending Channel BreakoutChart via TradingView.com
    PAUSHAKLongWeekly chartPaushakDescending Channel Breakout · 3 years
    ₹6,900–₹7,000Short-term reaction zone+13.2%
    Marked at₹6,138.85
    ₹6,000–₹6,100Breakout zone and new support−1.4%
    EntryCurrent levels or a dip toward ₹6,000StopBelow ₹5,500Target₹6,900 → ₹7,800 → ₹8,800+
    Risk to stop−10.4%To ₹5,500, from ₹6,138.85To first target+12.4%To ₹6,900, from ₹6,138.85Reward : risk1 : 1.2Full run ₹8,800 · +43.3%
    Full analysis · 6 levels
    SEQUENTWeekly chart · Cup and HandleChart via TradingView.com
    SEQUENTLongWeekly chartSequent ScientificCup and Handle · 4 years
    ₹220Cup neckline; the breakout level+9.6%
    Marked at₹200.64
    ₹180–₹185Handle support zone and recent swing low−9.0%
    EntryOn a weekly close above ₹220StopBelow ₹185Target₹250 → ₹295 → ₹330
    Risk to stop−7.8%To ₹185, from ₹200.64To first target+24.6%To ₹250, from ₹200.64Reward : risk1 : 3.2Triggers at ₹220 · Full run ₹330 · +64.5%
    Full analysis · 6 levels
    SHALBYDaily chart · Descending Channel BreakoutChart via TradingView.com
    SHALBYLongDaily chartShalbyDescending Channel Breakout · 2 years
    ₹250–₹260Upper bound of the prior channel; minor supply+5.9%
    Marked at₹240.75
    ₹225–₹230Recent breakout zone; now immediate support−5.5%
    EntryCurrent levels or minor dips toward ₹230StopBelow ₹200Target₹260 → ₹275 → ₹295–₹300
    Risk to stop−16.9%To ₹200, from ₹240.75To first target+8.0%To ₹260, from ₹240.75Reward : risk1 : 0.5Full run ₹300 · +24.6%
    Full analysis · 6 levels
    TANLAWeekly chart · Downtrend Line Breakout AttemptChart via TradingView.com
    TANLALongWeekly chartTanla PlatformsDowntrend Line Breakout Attempt · 1.5 years
    ₹800–₹815Immediate hurdle from the diagonal zone+7.1%
    Marked at₹753.70
    ₹700–₹720Near-term breakout zone and dynamic support−5.8%
    EntryOn a sustained breakout above ₹770, or a retest near ₹720StopBelow ₹640Target₹800 → ₹880 → ₹995–₹1,000
    Risk to stop−15.1%To ₹640, from ₹753.70To first target+6.1%To ₹800, from ₹753.70Reward : risk1 : 0.4Triggers at ₹770 · Full run ₹1,000 · +32.7%
    Full analysis · 6 levels
    USHAMARTDaily chart · Rectangle Breakout AttemptChart via TradingView.com
    USHAMARTLongDaily chartUsha MartinRectangle Breakout Attempt · 2 years
    ₹470First target above the range+10.2%
    Marked at₹426.55
    ₹385–₹390Immediate support from recent consolidation−9.2%
    EntryAbove ₹435 on a strong closeStopBelow ₹385Target₹470 → ₹495 → ₹510
    Risk to stop−9.7%To ₹385, from ₹426.55To first target+10.2%To ₹470, from ₹426.55Reward : risk1 : 1.0Triggers at ₹435 · Full run ₹510 · +19.6%
    Full analysis · 6 levels
    07

    Micro Companies.

    This section is dedicated to identifying high-risk, high-reward trading opportunities in stocks with a market capitalization of ₹20 billion or less. These stocks, while often under the radar, can offer explosive price movements when supported by strong technical structures. Please note, our selection is strictly based on market capitalization—not stock price.

    In the book's own words
    What’s included

    We feature small-cap stocks that display promising chart patterns, emerging volume spikes, and clear breakout or breakdown setups. These are often lesser-known names, yet technically aligned for potential directional moves.

    Analysis focus

    Each chart is analyzed for:

    • Formation of technical patterns such as Rounding Bottoms, Triangles, Flag formations, or Range Breakouts
    • Support and resistance zones derived from past price behavior
    • Volume behavior, indicating accumulation or distribution phases
    How it helps

    This section is ideal for traders who are comfortable navigating high-volatility, low-coverage stocks. If the setup plays out, these small-cap names can deliver outsized returns in a short span. The idea is to spot them early—before they attract broader market attention.

    ARTSONWeekly chart · Rectangle ConsolidationChart via TradingView.com
    ARTSONLongWeekly chartArtson EngineeringRectangle Consolidation · 2 years
    ₹215–₹220Rectangle resistance; the breakout level+10.5%
    Marked at₹196.75
    ₹175–₹180Short-term pivot support from the recent bounce zone−9.8%
    Entry₹190–₹195StopBelow ₹175Target₹215 → ₹260
    Risk to stop−11.1%To ₹175, from ₹196.75To first target+9.3%To ₹215, from ₹196.75Reward : risk1 : 0.8Full run ₹260 · +32.1%
    Full analysis · 6 levels
    BHAGWATIWeekly chart · Falling Wedge (bullish reversal)Chart via TradingView.com
    BHAGWATILongWeekly chartBhagwati AutocastFalling Wedge (bullish reversal) · 2 years
    ₹550Psychological level; short-term profit booking+9.7%
    Marked at₹501.50
    ₹400–₹420Immediate support zone post-breakout−18.2%
    EntryCurrent price ₹490–₹505StopBelow ₹440Target₹610 → ₹675
    Risk to stop−12.3%To ₹440, from ₹501.50To first target+21.6%To ₹610, from ₹501.50Reward : risk1 : 1.8Full run ₹675 · +34.6%
    Full analysis · 6 levels
    CELLAWeekly chart · Rounding BottomChart via TradingView.com
    CELLALongWeekly chartCella SpaceRounding Bottom · 11 years
    ₹21.00Psychological barrier and short-term target+19.5%
    Marked at₹17.57
    ₹16.80–₹17.50Fresh breakout zone; must sustain above for continuation−2.4%
    EntryAbove ₹17.75 on a closing basis with volumeStopBelow ₹15.50Target₹21.00 → ₹26.00 → ₹30.00
    Risk to stop−11.8%To ₹15.5, from ₹17.57To first target+19.5%To ₹21, from ₹17.57Reward : risk1 : 1.7Triggers at ₹17.75 · Full run ₹30 · +70.7%
    Full analysis · 4 levels
    INTENSEWeekly chart · Rounding BottomChart via TradingView.com
    INTENSENot markedWeekly chartIntense TechnologiesRounding Bottom · 9 years
    On the radar — no trade marked this edition
    ₹165–₹170Rounding-bottom neckline and breakout trigger+32.1%
    Marked at₹126.84
    ₹115–₹120Near-term swing low; breakout build-up base−7.4%
    EntryOn a decisive weekly close above ₹170StopBelow ₹135Target₹200 → ₹240 → ₹275
    Risk to stopStop ₹135 sits above the markingTo first targetFirst target ₹200Reward : riskNot live — triggers at ₹170
    Full analysis · 6 levels
    NATPLASTDaily chart · Double BottomChart via TradingView.com
    NATPLASTLongDaily chartNational Plastic TechnologiesDouble Bottom · 7 months
    ₹360Near-term round number and psychological level+13.7%
    Marked at₹316.60
    ₹300Breakout zone and immediate retest support−5.2%
    EntryAbove ₹310–₹315 on a sustained close with volumeStopBelow ₹285Target₹360 → ₹420 → ₹500
    Risk to stop−10.0%To ₹285, from ₹316.60To first target+13.7%To ₹360, from ₹316.60Reward : risk1 : 1.4Full run ₹500 · +57.9%
    Full analysis · 6 levels
    PRIMEURBWeekly chart · RectangleChart via TradingView.com
    PRIMEURBLongWeekly chartPrime Urban DevelopmentRectangle · 7 years
    ₹22.00Immediate resistance from historical spike highs+20.9%
    Marked at₹18.19
    ₹17.00–₹17.50Breakout zone; must be defended to confirm the shift−5.2%
    EntryOn a close above ₹18.00 with a strong follow-through candleStopBelow ₹15.00Target₹22.00 → ₹27.00 → ₹35.00
    Risk to stop−17.5%To ₹15, from ₹18.19To first target+20.9%To ₹22, from ₹18.19Reward : risk1 : 1.2Full run ₹35 · +92.4%
    Full analysis · 5 levels
    RUCHIRAWeekly chart · Ascending TriangleChart via TradingView.com
    RUCHIRALongWeekly chartRuchira PapersAscending Triangle · 8 years
    ₹180–₹185Immediate price memory and round-number area+7.3%
    Marked at₹170.03
    ₹162–₹165Breakout zone and must-hold level; the new support−3.8%
    EntryClose above ₹165 with a follow-through candleStopBelow ₹150Target₹185 → ₹210 → ₹240
    Risk to stop−11.8%To ₹150, from ₹170.03To first target+8.8%To ₹185, from ₹170.03Reward : risk1 : 0.7Full run ₹240 · +41.2%
    Full analysis · 6 levels
    TRIGYNDaily chart · Falling Trendline BreakoutChart via TradingView.com
    TRIGYNLongDaily chartTrigyn TechnologiesFalling Trendline Breakout · 1 year
    ₹100Round number and psychological barrier+11.1%
    Marked at₹89.97
    ₹85–₹88Immediate breakout zone; must hold for the structure to stand−3.9%
    EntryAbove ₹90 with a daily close and follow-throughStopBelow ₹82Target₹105 → ₹120 → ₹135
    Risk to stop−8.9%To ₹82, from ₹89.97To first target+16.7%To ₹105, from ₹89.97Reward : risk1 : 1.9Triggers at ₹90 · Full run ₹135 · +50.1%
    Full analysis · 5 levels
    VAXFABWeekly chart · Rectangle Base BreakoutChart via TradingView.com
    VAXFABLongWeekly chartVaxfab EnterprisesRectangle Base Breakout · 4.5 years
    ₹41Minor supply zone from the 2021 decline+16.6%
    Marked at₹35.15
    ₹32Rectangle breakout zone; now immediate support−9.0%
    EntryOn a weekly close and follow-through above ₹33–₹34StopBelow ₹28Target₹41 → ₹50 → ₹60
    Risk to stop−20.3%To ₹28, from ₹35.15To first target+16.6%To ₹41, from ₹35.15Reward : risk1 : 0.8Full run ₹60 · +70.7%
    Full analysis · 6 levels
    VISASTEELWeekly chart · Rounding BottomChart via TradingView.com
    VISASTEELNot markedWeekly chartVISA SteelRounding Bottom · 13 years
    On the radar — no trade marked this edition
    ₹45.50Major neckline of the rounding bottom; breakout trigger+5.0%
    Marked at₹43.35
    ₹37Intermediate support from the prior breakout mini-base−14.6%
    EntryOn a weekly close above ₹46 with a volume surgeStopBelow ₹37Target₹52 → ₹66 → ₹75
    Risk to stop−14.6%To ₹37, from ₹43.35To first target+20.0%To ₹52, from ₹43.35Reward : risk1 : 1.4Triggers at ₹46 · Full run ₹75 · +73.0%
    Full analysis · 6 levels
    08

    Charts to Watch.

    This section includes potential breakout charts that are worth monitoring, but have not yet shown the level of clarity, confirmation, or strength required to be included in any of the primary categories like Penny, F&O, Cash, or SME Bullish charts. Point at a card and its chart opens over the page.

    In the book's own words
    What’s included

    These charts typically show early signs of breakout attempts or are approaching key resistance zones, but lack strong volume, price conviction, or reliable candlestick confirmation. They may have interesting technical structures, but currently fall short of the standards required for a high-conviction setup.

    Why they’re here
    • The breakout has occurred, but with weak momentum or false signals
    • Price and volume are not aligned
    • The pattern is visible, but the stock is not tradable yet due to volatility, illiquidity, or inconsistency
    • They didn’t qualify for other categories, but still deserve to be on the radar
    How it helps

    These charts act as your “early watchlist”—stocks that can evolve into strong setups in the coming sessions. Keeping an eye on them helps you stay prepared for potential trade opportunities when volume kicks in or price action becomes cleaner. They’re not yet actionable—but they’re worth watching.

    09

    Disclosure.

    Strictly educational, and not tailored to any specific individual's financial goals, objectives, or risk profile.

    We are a SEBI Registered Research Analyst under Registration No. INH000015297 and are authorized to publish research under SEBI guidelines. However, the purpose of this content remains strictly educational and is not tailored to any specific individual's financial goals, objectives, or risk profile.

    For any questions, feedback, or compliance-related concerns, you may reach us at support@investology.in. For official grievances or regulatory matters, please contact us at compliance@investology.in.

    The archive

    280 editions exist. This reader is how they get onto the site.

    The ChartBook has gone out every weekend as a PDF. There is no searchable archive and no per-setup page yet — this page is the shape that fixes it, built from the 280th edition exactly as it was published on 21 September 2025.

    Compliance

    Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns. Investment in securities markets is subject to market risks; read all related documents carefully before investing.