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Bhaumil Makwana

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Recent Best Controversial

    Renko Anchor bricks immediate swing breakout with one or two back bullish pattern
  • B Bhaumil Makwana

    Hello sir

    You can create this using the System Builder. We've shared a System Builder screenshot for your reference.

    1. you can use below condition for identify probable stocks

    ae0b9dca-26cb-428e-95cd-ec9afa590048-image.png

    2 .you can use below condition for one back bullish break out stock.

    22e2df95-bac9-4c57-b0ec-29047b56a15e-image.png

    1. you can use below condition for two back bullish break out stock.

    a87bb3d1-643b-4182-a4d6-a811e8423b9e-image.png

    Hope this helps.

    Thank you.


  • Retracement or Trend Reversal?
  • B Bhaumil Makwana

    a9f1accc-7dbc-4db2-8b7b-e5da169b64d0-image.png

    MTAR TECH has had an incredible run. After making a low of ₹1,155.60 on 7 April 2025, it rallied all the way to ₹8,449.50, delivering more than 600% returns in a little over a year.

    Now, the chart is starting to look interesting.

    On the daily timeframe, a potential Head & Shoulders pattern is taking shape. The stock is trading below its 20 EMA, and the RSI is showing negative divergence, suggesting that the momentum behind the uptrend has started to cool off.

    The neckline is the key level to watch. If the stock manages to sustain below it, the Head & Shoulders pattern could come into play and may indicate a deeper correction.

    At the same time, it's worth remembering that after a 600%+ rally, some profit booking and consolidation are completely normal. Strong trends rarely move up in a straight line forever.

    So the big question is: Is this just a healthy pullback within a larger uptrend, or the start of a bigger trend reversal?


  • Is this a genuine reversal or just another market trap?
  • B Bhaumil Makwana

    f05f76c9-00c6-4b8d-a773-bc7c7adb98bc-image.png

    The NIFTY MEDIA index is currently forming an Inverted Head & Shoulders pattern on the daily timeframe while also moving above its 200-day EMA. Since the Inverted Head & Shoulders is widely regarded as a bullish reversal pattern, it naturally raises an important question: can this breakout sustain, or is it setting up a false move?

    Interestingly, we have already seen a similar setup play out in ZEEL. The stock formed an Inverted Head & Shoulders pattern on the daily chart, broke above the neckline, and has continued to hold above the breakout level.

    Now, NIFTY MEDIA appears to be at a similar stage. A sustained move above the neckline and the 200 EMA could indicate improving strength in the sector. However, as always, the real confirmation will come from follow-through buying and the ability to hold above key support levels after the breakout.

    The pattern looks promising, but the market will ultimately decide whether this is the beginning of a meaningful trend reversal or just another trap for early buyers.

    What are your views on NIFTY MEDIA? Do you see this breakout sustaining in the coming weeks?


  • RADAR SCANNER MISTAKE
  • B Bhaumil Makwana

    Dear Sir,
    In scanner query , "OR "queries should always be placed inside brackets, otherwise the logic gets mixed with the "AND" conditions and the results become inaccurate.

    Please take a look at the attached image for a better understanding.

    image.png


  • Gap Support Breakdown Could Change Bank Nifty Trend
  • B Bhaumil Makwana

    In technical analysis, gap areas are very important because they often act like support or resistance.

    When a stock opens with a strong gap up, that gap area usually becomes a support zone. Buyers try to defend that level because the move showed strong demand earlier.

    On the other hand, when a stock opens with a gap down, that area often becomes resistance. Sellers become active whenever price moves back near that zone.

    Right now, something interesting is happening in Bank Nifty stocks.

    Around 7 out of 14 major banking stocks are trading near their important gap support areas. This is a critical zone for the market because these levels can decide the next short-term move.

    If buyers are able to defend these gap supports, Bank Nifty can remain stable and bulls may try to push prices higher again.

    But if these supports break, the situation can change quickly. In markets, once support breaks, it often starts acting like resistance. That means every bounce may face selling pressure.

    Union Bank and SBIN have already moved below their gap support zones, which is an early sign of weakness. Now the focus is on whether the remaining banking stocks can hold their levels or also start breaking down.

    The next few trading sessions can be very important for the overall direction of Bank Nifty.

    ICICI BANK

    8a0354e8-bba2-43d2-acea-3a5a079d7508-image.png

    AXIS BANK

    ff2bc3b4-f665-4b3e-8705-1a4ad66437c0-image.png

    HDFC BANK

    ef0ef27c-2887-4f99-980f-1b604a2ccd5c-image.png

    BANKBARODA

    4da9a4d7-9e76-4155-a91a-ca5a8d7d6461-image.png

    CANBANK

    7361d9f4-784c-425d-9fe0-0c0538608731-image.png

    KOTAK BANK

    eeac21f9-fb92-4b98-a4d2-a78ce39473e7-image.png

    PNB

    02c2105d-ab38-47c6-a12d-66b23719ed2a-image.png

    Just sharing an observation from the charts for discussion and learning purposes. Would like to hear others’ views.!


  • After Multiple Rejections, Is Nifty Healthcare Finally Breaking Out?
  • B Bhaumil Makwana

    I’ve been closely tracking Nifty Healthcare on a 1% P&F chart, and the 15,000 - 15,100 zone has clearly acted like a strong resistance since 2024.

    Every time price approached this level, it faced rejection. That kind of repeated reaction usually signals strong supply sitting there.

    But now, something interesting is unfolding.

    After multiple attempts, price is finally trying to push above this zone. In technical analysis, we often say that the more a level is tested, the weaker it becomes mainly because sellers at that level gradually get absorbed.

    So this becomes a crucial moment.

    If price manages to hold above this zone, it could be a strong indication that resistance is finally flipping into support which may open the door for the next leg higher.

    Will this breakout sustain and build momentum? Or will it turn into yet another rejection?

    Just sharing an observation from the charts for discussion and learning purposes. Would like to hear others’ views.!

    Untitled design (2).png


  • how to create strategies in defineedge
  • B Bhaumil Makwana

    Dear sir , After creating a strategy in the System Builder, when you run it in the scanner by selecting a group and time frame, you can save the entire strategy. This way, you don’t have to select the same group and time frame every day, and the saved scanner will be available there for you to use again.

    image.png

    be8476d0-1396-4cf4-9dce-c6203e29225a-image.png


  • Infosys: RSI at All-Time Low – What Next?
  • B Bhaumil Makwana

    On the monthly timeframe, RSI has dropped to an all-time low, which is quite notable from a long-term momentum perspective. At the same time, the stock was taking support around the 90- Month moving average, but has now broken below it. Additionally, price has breached the 2023 low, which puts the long-term uptrend at risk.

    This combination suggests some structural weakness, but I’d be interested to hear how others are interpreting this setup. Just sharing an observation from the charts for discussion and learning purposes. Would like to hear others’ views.

    3fe56c37-3e3f-45ae-80d1-f651ca182d66-image.png


  • NLC India Testing Major Resistance Again - Breakout or Another Bull Trap?
  • B Bhaumil Makwana

    Been tracking NLC India for a while now, and one thing stands out clearly the stock is facing a strong resistance zone around its 2008 levels. Since 2024, it has tested this area multiple times but hasn’t been able to sustain above it.

    As we know, when a stock keeps hitting the same level again and again, it can mean two things either the resistance is getting weaker, or strong supply is still sitting there.

    This time, the structure looks a bit interesting. The stock is trying once again to move above this zone, and there seems to be a decent base formation, Also noticing an OOPS pattern forming during this base.

    If the stock manages to sustain above these 2008 levels with strength, it could open up a fresh move on the upside. But if it fails again, it might turn into another bull trap like we’ve seen before.

    Just sharing an observation from the charts for discussion and learning purposes. Would like to hear others’ views.!

    Big Anchor Colome Of X.png


  • is this a genuine reversal or just a trap?
  • B Bhaumil Makwana

    Anchor point is an area where price has traded the most between a significant top and bottom. It is plotted using major swing high and low to identify where most of the action happened during the move. These zones often act as important reference areas when price revisits.

    Right now, KAYNES is approaching that anchor zone. However, the recent formation of a bullish anchor column suggests buyers are stepping back in, which is a constructive sign for the ongoing trend. At the same time, price is holding above the 10-column simple moving average, keeping the short-term structure positive.

    Also, Horizontal counts come into play when a sideways base forms before a breakout, helping estimate the potential move once the structure resolves.

    Failure near anchor - possible bull trap
    Holding + breakout - continuation setup
    We are at a decision point here price could go either way. What’s your take?

    Just sharing an observation from the charts for discussion and learning purposes.

    kaynes.jpg


  • CHART OF THE DAY (GALLANTT)
  • B Bhaumil Makwana

    GALLANTT has given an all time high Breakout on both the Price and Relative chart w.r.t Nifty 500.

    PRICE CHART
    d82e470a-5911-4175-8815-3bce95e77a80-image.png

    RS CHART
    861d3550-0339-4eda-92d6-218f77278c5b-image.png


  • Multi-Month Resistance in Focus
  • B Bhaumil Makwana

    3%.jpg

    I’ve been watching this on a multi-month P&F (3% box), and the 425–430 zone has clearly acted like a strong resistance for a long time. Every time price reached there, it got rejected, which shows consistent supply at that level.
    But what’s interesting is that after multiple tests, price is now starting to push above it. In technical analysis, there’s a common idea that when a level is tested repeatedly, it can weaken over time because sellers get absorbed.
    Now the key thing is whether this breakout holds and follows through, or if it turns into another rejection. If it sustains above the zone, it likely means the resistance has finally turned into support.


  • CHART OF THE DAY (GROWW/NIFTY 500)
  • B Bhaumil Makwana

    fb3b41b9-c205-49b7-995a-1cfbf9044bbd-image.png
    e6fd5cab-efdb-4d48-88ba-9717175e3278-image.png


  • Chart Of The Day (TITAN / NIFTY 50)
  • B Bhaumil Makwana

    0edd2494-2636-44e4-b475-fc81f16c0a42-image.png


  • WHILE THE WORLD ARGUED ABOUT OIL, INDIA QUIETLY BUILT A NEW ENERGY ARCHITECTURE.
  • B Bhaumil Makwana

    Most people watching this war are focused on the bombs, the missiles, the downed aircraft, the closed strait.
    India was watching something else entirely. The opportunity hidden inside the disruption.
    Let me show you what India has actually done, and why it may be the single most consequential strategic move of this entire war.
    FROM 27 TO 40-PLUS COUNTRIES. IN LESS THAN TWO DECADES.
    This number deserves to sit for a moment.
    In 2006, India sourced crude oil from 27 countries.
    Today, confirmed by India's own Ministry of Petroleum and Natural Gas...India imports from over 40 countries.
    Prime Minister Modi stated it himself in Parliament: "Earlier, we used to import from 27 nations. Now we import from 41."
    New suppliers now include the United States, Nigeria, Angola, Canada, Colombia, Brazil, and Mexico.
    In March 2026 alone, Angola emerged as India's third-largest crude supplier, surging from 103,000 barrels to 327,000 barrels, the biggest jump of any country after Russia.
    This was not luck. This was a decade of quiet, deliberate construction.
    RUSSIA DOUBLED. WITHOUT ASKING ANYONE'S PERMISSION.
    When the Iran war disrupted Gulf supplies, India did not panic. It did not beg. It did not hold emergency press conferences.
    It called Russia.
    Russian oil imports rose from approximately 1 million barrels per day in February to nearly 2 million barrels per day by late March 2026.
    Russia's share of India's total crude imports has grown from 21.6% in 2022-23 to nearly 36%, making it India's single largest supplier, displacing Iraq and Saudi Arabia.
    And India bought it at a discount.
    While Europe panicked and paid premiums. While Japan scrambled. While South Korea rationed.
    India negotiated. Quietly. Commercially. On its own terms.
    70% OF INDIA'S OIL NOW BYPASSES HORMUZ ENTIRELY
    This is the number that should make every energy analyst pause.
    India's Ministry of Petroleum confirmed that non-Hormuz routes now account for roughly 70% of crude imports, up from approximately 55% before the war began.
    In other words in the middle of the biggest Hormuz crisis in history — India structurally reduced its dependence on Hormuz in real time.
    INDIA JUST BOUGHT IRANIAN OIL FOR THE FIRST TIME IN SEVEN YEARS
    And it did it on its own terms.
    India had not received Iranian crude since May 2019 — when U.S. pressure forced it to stop.
    For seven years, India complied. Washington was happy.
    Then the war started. U.S. sanctions on Iranian oil were temporarily lifted.
    And India's oil ministry announced without apology that Indian refiners had secured crude including from Iran, with no payment hurdles.
    A vessel carrying 44,000 metric tons of Iranian LPG docked at Mangalore port and began discharging.
    India's statement was six words of quiet confidence:
    "There is no payment hurdle."
    Seven years of compliance. The moment circumstances changed — India moved commercially, independently, and without asking for permission from anyone.
    THE FOURTH LARGEST REFINER. THE FIFTH LARGEST EXPORTER.
    Here is what most people miss about India's position in this war.
    India is not just a buyer of oil.
    It is the world's fourth largest refiner.
    It processes more crude grades than almost any country on earth — over 216 crude grades at Reliance's Jamnagar refinery alone.
    That is why Trump asked Reliance to set up a refinery in the USA.
    Because nobody else can refine Venezuelan crude at that scale and quality.
    India has been supplying fuel to Sri Lanka, 38,000 metric tons to prevent its neighbors from collapse.
    It is supplying aviation fuel to Europe and the United States.
    It is feeding energy to countries that cannot feed themselves in this crisis.
    The buyer has become the supplier. The dependent has become the stabilizer.

    -Robert Kiyosaki

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