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Broadening Wedge

ICICIPRULI–Short-Term Breakout.Mid & Long-Term Technical OutlookICICIPRULI – Multi-Timeframe Technical View Daily Timeframe | Long-Term Perspective ICICIPRULI is trading within a well-defined structure and continues to move inside a clear parallel channel, reflecting a healthy long-term trend. The stock has a strong long-term support zone near 590–610, where: Volume expanded significantly Price showed a clear reversal from support Historically, the stock has delivered returns of ~60% and ~34% from similar structures. If price action repeats this nature, a long-term upside toward 780 and 940 remains a strong possibility. Mid-Term View | Structure & Pattern On the mid-term timeframe, the stock previously formed a falling wedge near the support zone, indicating accumulation. Post that, ICICIPRULI appears to be developing an ascending broadening formation, suggesting expanding momentum. Key Levels: Support: 620–630 Short- to Mid-term Resistance / Target: 680–700
NSE:ICICIPRULILong
by FiveCircles
Expanding Correction Before a Potential Bullish ImpulseBrent crude has been developing inside a broadening / expanding corrective structure after the previous impulsive decline. The volatility within this formation suggests indecision, yet the overall flow still fits the classic sequence of: Impulse → Expanding Correction → Potential Next Impulse. From a technical perspective, price has repeatedly respected the boundaries of the expanding structure, building a base of higher lows and compressing toward a breakout zone. A confirmed break above the upper trend line would unlock bullish momentum, with the 66.80–67.00 region standing out as the first major target due to unfilled inefficiencies and prior liquidity clusters. What reinforces this scenario is that multiple technical analysts currently view the ongoing consolidation as a corrective phase rather than the start of a new bearish trend. Several independent traders identify the same broadening pattern, expecting a bullish expansion once the correction completes. Fundamentally, short-term sentiment also supports the possibility of a rebound. Demand forecasts have recently stabilized, OPEC+ continues to manage supply conditions, and weekly inventory fluctuations have provided intermittent support for crude. These factors often allow corrective structures to resolve upward before broader macro trends take over. At the institutional level, Goldman Sachs projects Brent to average near the mid-66s in the second half of 2025, aligning closely with the structural target from this chart. However, it is worth noting that EIA and S&P Global caution that global supply could still outweigh demand later on—meaning any bullish impulse may be limited unless fundamental conditions shift. In summary: The market structure supports a bullish breakout scenario. Technical analysts widely agree on the expanding correction framework. Short-term fundamentals allow for a recovery toward 66–67. Longer-term outlook remains mixed, so managing risk above key resistance is essential. This is an observational analysis, not financial advice.
OANDA:BCOUSDLong
by GForecast
HindCopper Showing Strong Momentum; Breakout Setup DevelopingDaily Timeframe Analysis – HindCopper HindCopper is forming a broadening wedge pattern on the daily timeframe, with a key support zone around ₹300. The stock has completed its five-wave structure and is currently showing strong upward momentum. If this momentum sustains and the price breaks above the ₹375–₹380 resistance zone, the stock could move toward the pattern target near ₹450. Additionally, as long as the momentum support around ₹340 holds, the probability of higher levels remains strong. Thank you.
NSE:HINDCOPPERLong
by FiveCircles
1
Breaking: Broadcom Inc. (AVGO) Surged 11% Yesterday Eyeing $500 Broadcom Inc. (NASDAQ; NASDAQ:AVGO ) shares saw a noteworthy uptick of 11% in extended market trading further extending the gains to todays premarket session up by 2.34%. Should the stock break the ceiling of the $388 resistant zone, coupled with the RSI at 61, a bullish move to the $500 resistant is feasible and possibly $700 before the year runs out. Similarly, failure to pull that stunt from NASDAQ:AVGO might resort to a move to the $250 support point. With earnings slated for December 11th, 2025, In 2024, Broadcom's revenue was $51.57 billion, an increase of 43.99% compared to the previous year's $35.82 billion. Earnings were $5.90 billion, a decrease of -58.14%. Analyst Summary According to 28 analysts, the average rating for AVGO stock is "Strong Buy." The 12-month stock price target is $353.86, which is a decrease of -6.38% from the latest price. About AVGO Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides Ethernet switching and routing custom silicon solutions, optical and copper physical layer devices, and fiber optic transmitter and receiver components; set-top box system-on-chips (SoCs), data over cable service interface specifications cable modem and networking infrastructure.
NASDAQ:AVGOLong
by DEXWireNews
Tata Motors PV: A Big Pattern is Taking ShapeThis is the daily timeframe chart of TMPV. TMPV is forming a Symmetrical Broadening Wedge Pattern with a key support zone near the 345–350 range. The stock is also developing an AB=CD harmonic pattern within the broader structure, and the CD leg is completing near the same 350 support zone. If the price continues to sustain above this support region, we may see higher levels like 400 and pattern price in TMPV in the coming sessions. Thank you.
NSE:TMPVLong
by FiveCircles
JSL Entering Bull Mode – Potential Upside Loading!JSL – Daily Timeframe Analysis JSL is moving within a well-defined parallel channel and is currently sustaining above the Lop and key support zone near ₹700–710. The EMA’s positive crossover further confirms the bullish trend and supports the ongoing momentum in this range. On the shorter timeframe, the stock is forming a broadening wedge pattern with a support base around ₹700–710. If this zone continues to hold, we may witness higher price levels in JSL in the coming sessions. Thank you!
NSE:JSLLong
by FiveCircles
AEROFLEX | Bulls Taking Charge from SupportAEROFLEX INDUSTRIES | Power Reversal from Support Zone This is the weekly and daily timeframe chart of Aeroflex Industries. The stock is holding a strong long-term support zone near the ₹160–₹170 range. It has formed a symmetrical triangle pattern around the support area, with pattern resistance near ₹210. On the daily timeframe, the stock is also trading within a broadening wedge pattern, showing support around ₹170 and resistance near ₹210. If the support zone sustains, we may witness higher price action in the coming sessions, potentially leading towards the pattern breakout target. Thank you.
NSE:AEROFLEXLong
by FiveCircles
Dabur India Ready to Roar ! Bulls Back in ActionDabur India Limited – Technical Outlook (Daily Timeframe) Dabur India is trading within a well-defined parallel channel on the daily timeframe. Over the long term, the support zone is identified around the ₹420–₹470 range, while the channel resistance levels are placed near ₹570 and ₹640. Within this broader channel, the stock is forming multiple patterns, including a symmetrical broadening wedge. The pattern support zone and the structural support area both align around the ₹470–₹480 levels, from where the stock has shown stability. At present, the price action indicates that the stock is approaching the completion of its pattern wave, with resistance observed around ₹610–₹620. If the stock continues to hold above its key support levels, we may witness the completion of the pattern followed by a potential upside move toward higher targets. Thank you.
NSE:DABURLong
by FiveCircles
Big Move Loading in Syngene International.Pattern on Support.Syngene International – Daily & Weekly Chart Analysis Syngene International is exhibiting a confluence of patterns across multiple timeframes, all aligning near a strong support zone. On the weekly chart, the stock is forming a broadening wedge pattern, with a key support zone around ₹580–590. On the daily chart, Syngene is trading within a well-defined falling channel, with support again placed near ₹580–590. Additionally, the price structure is also shaping into a descending broadening wedge, with support around ₹590–600. Key Insight: The presence of multiple patterns converging near the same support zone highlights the significance of this level. Sustaining above ₹580–600 could pave the way for a strong reversal move in the coming sessions.
NSE:SYNGENELong
by FiveCircles
APTUS | High Probability Trading Zone IdentifiedAPTUS Technical Outlook On weekly timeframe, APTUS is currently respecting its long-term support zone near the 270-280 range. On the daily timeframe The stock is trading within a well-defined parallel channel, maintaining a Higher High – Higher Low (HH-HL) structure with a key support around 300 levels. Additionally, a broadening pattern is visible, with strong support holding near 300 levels. If this zone sustains, APTUS has the potential to move towards higher price levels in the coming sessions. Thank You !!
NSE:APTUSLong
by FiveCircles
Strong Base, Strong Future – Coromandel Set to FlyWeekly Timeframe Analysis – Coromandel International Coromandel is maintaining a Higher High – Higher Low (HH–HL) structure on the weekly timeframe and is currently taking support from the Supertrend indicator, with immediate support near ₹2100. The stock is also forming a broadening pattern with a strong support zone around ₹2050. If the stock breaks below this zone, the next major polarity support lies near ₹1800–1850. However, if the ₹2050–2100 support holds in the shorter timeframe, we may see upside momentum towards the upper boundary of the pattern near ₹2900. In case the shorter-term support fails, we will wait for the long-term support before reassessing the potential targets. Key Levels to Watch: Support: ₹2050–2100 / ₹1800–1850 Resistance / Potential Target: ₹2900
NSE:COROMANDELLong
by FiveCircles
KotakBank at Critical Level – A Hidden Pattern Unfolding!KotakBank Daily Chart Update KotakBank is forming a Broadening Pattern near the Law of Polarity support zone at 1910–1930. Currently trading close to the pattern resistance. A breakout above this level may open the way towards the upper boundary target near 2200. If the pattern extends further, the stock could first see a dip before beginning its final leg of the structure. Sustaining above the 1910–1930 support zone will strengthen the bullish outlook. Thank you!
NSE:KOTAKBANKLong
by FiveCircles
XAUUSD Short: Awaiting Rejection from the Supply LineHello, traders! The price auction for XAUUSD has been defined by a broadening wedge pattern, signaling a period of expanding volatility. This structure has been formed by a series of higher highs and lower lows, with key pivot points establishing the diverging supply and demand lines. This indicates a fierce but structured battle between buyers and sellers within a clear range. Currently, the auction is at a critical inflection point at the top of this wedge. Following a strong rally from the demand line, the price is now directly testing the descending supply line. This is a high-liquidity area where seller initiative has previously overwhelmed buyers, making it a key decision point for the market. The primary scenario anticipates a rejection from this supply line, continuing the rotational pattern within the wedge. The expectation is that sellers will defend this upper boundary and initiate a new downward swing back towards support. A failure to break out higher would confirm the short-term corrective scenario. The take-profit is therefore set at 3595, targeting the upper part of the first major demand zone. Manage your risk.
FOREXCOM:XAUUSDShort
by heniitrading
2
Aarti Industries at Solid Base – Potential Upside Loading!!Aarti Industries – Weekly Chart Update Chart Pattern: Stock is trading within a shorter-timeframe parallel channel. Support Zone: Strong support observed near ₹370 – ₹380 levels. RSI Indicator: RSI is also taking support and moving upward, indicating positive momentum. Trend Outlook: If this support zone sustains, the stock is likely to move into an uptrend. Price Projection: Potential for higher levels at 500-521 in Aarti Industries. Thank you!
NSE:AARTIINDLong
by FiveCircles