Trade Setup – FMGOETZE & DIACABS

NSE FMGOETZE – Elliott Wave Projection

FMGOETZE completed a clear A-B-C corrective structure with a clean Wave (C) low near 454.90, and it has now broken sharply upward from the descending channel after months of compression. Holding above the 200-EMA around 501 signals a transition from bearish to early bullish behavior. The next major challenge is the upper trendline around 540–545, while a decisive breakout above 577.85 would confirm a full trend reversal. As long as the price stays above the 495–500 support zone, momentum remains positive and the stock can extend toward the 560–580 zone.

If price breaks out 577, traders can long for the following targets: 616 – 668 – 695+.

DIACABS – Tight Range Breakout Above 149.17

DIACABS is approaching a major trendline that has been capping the price for months, creating a crucial breakout zone. A tight consolidation near this area reflects reduced volatility and steady accumulation, signaling that pressure is building for a potential move. The recent bullish EMA crossover adds further momentum and supports the possibility of an upside continuation. Volume has also begun to improve, indicating increasing participation as the price moves closer to the breakout zone.

If the price sustains above 149.17, traders can long for the following targets: 152.2 – 155.32 – 158.13+.

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