Trade Setup – NSE HCLTECH, BHEL, IMFA, GRSE & More

NSE GRSE – Elliott Wave Projection

GRSE has completed a contracting triangle (A-B-C-D-E) and broken out with strong volume. The price sustaining above 2686 confirms the start of wave (C) of the next bullish leg. Momentum is shifting upward with the following targets: 2790 – 2885 – 2925+. As long as 2525 holds, the short-term bias remains positive.

IMFA Breaks Ascending Triangle with Strong Volume Surge

NSE IMFA formed an ascending triangle with strong resistance near 1,255, which it has now broken decisively. A massive volume spike confirms strong buying interest and breakout strength. The price is trading above 50/100/200 EMA. ATR 67 and ADX 33 indicate a strong, volatile trend with solid bullish momentum.

If price sustains above 1265, traders can trade for the following targets: 1335 – 1406 – 1465+.

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NSE BHEL – Rounding Bottom Formation

BHEL has formed a rounding bottom pattern, signaling a major trend reversal after a long consolidation phase. A strong breakout candle above 270 confirms bullish momentum with heavy volume buildup, showing strong accumulation. ADX 27 and ATR 6 indicate a moderately strong uptrend with controlled volatility, showing steady bullish momentum without excessive price swings.

If the price sustains above 270, traders can long for the following targets: 276.35 – 282.05 – 287+.

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NSE SHILPAMED – Premium Setup

NSE HCLTECH – Exclusive Setup