TECHNICAL TRADE RADAR : Short-Term Breakouts to Watch | 10 June 2025
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here
This week’s blog focuses on technically strong stocks showing signs of bullish continuation or breakout patterns. These setups offer short-term to swing trading opportunities with defined entry, stop loss, and target zones. Let’s dive deep into the charts and sentiments.
🔍 1. IREDA (CMP ₹183)
📌 Setup: Symmetrical Triangle Breakout
📉 Support Zone: ₹170–172
🚀 Short-Term View: Bullish
Technical Breakdown:
IREDA has broken out of a symmetrical triangle on the daily chart, signaling a potential upside continuation after consolidation. Volumes have started to build up with price closing above key EMAs (20 & 50).
- RSI: ~62 and rising — indicating bullish momentum
- MACD: Bullish crossover above signal line
- ADX: Trending strength increasing
Trading Tip:
👉 Add on dips near ₹174–₹176
👉 SL below ₹170
👉 Trail SL once above ₹190 for short-term gains toward ₹198–205
🔍 2. TATVA CHINTAN (CMP ₹980)
📌 Setup: Price Reversal from Support Zone
🚀 Short-Term View: Bullish
Technical Breakdown:
TATVA CHINTAN has seen a strong bounce after testing demand near ₹950. The bullish engulfing candle on the daily with a slight uptick in volume suggests renewed interest.
- RSI: Rebounding from oversold zone (~45)
- MACD: Crossover possible next session
- Support: ₹950
- Immediate Resistance: ₹1,020
Trading Tip:
👉 Keep on radar for momentum continuation
👉 Entry near ₹975–₹980, SL ₹945
👉 Targets: ₹1,050 – ₹1,100
💻 3. Onward Technologies (CMP ₹327)
📌 Strategy: Positional Accumulation
💼 Allocation Tip:
- Buy 40% at CMP
- Add more around ₹300–₹310
- Stop Loss: ₹280
- Targets: ₹395 / ₹470
Technical Breakdown:
The stock has corrected from recent highs and is approaching a bullish support trendline. Structurally, it’s forming a higher low, and indicators show strength in accumulation phase.
- RSI: ~50 – Neutral zone, room for upside
- Weekly chart supports long-term breakout from ₹350
- Volume drying up in down days – bullish bias
Trading Tip:
👉 Gradual accumulation is ideal
👉 Wait for confirmation candle near ₹310–₹320 before full allocation
👉 Re-evaluate near ₹395; hold part position for ₹470+
🏦 4. IndusInd Bank 950 CE @ ₹20.50
📌 Options Breakout Play
🛑 Stop Loss: ₹14
🎯 Targets: ₹28 / ₹35 / ₹40
Technical View (Cash Chart):
IndusInd Bank is consolidating above ₹920–₹930 and preparing for a breakout above ₹955. The 950 CE is attracting open interest and has a tight risk-reward setup.
- RSI: 66 – Approaching overbought but not extreme
- MACD: Strong and rising
- Open Interest: Increase in 950 and 960 CE suggests bullish expectations
Trading Tip:
👉 Buy near ₹20.5, SL ₹14
👉 Scale out profits at ₹28 / ₹35
👉 Trail aggressively if price crosses ₹970 spot
5. Avenue Supermarts (DMart)
- CMP: ₹4140
- Trade Type: Option Buying – Call Option Strategy
- Strike: 4200 CE
- Current Premium: ₹76
- Stop Loss: ₹55
- Targets: ₹100 / ₹125 / ₹150
🔍 Technical Analysis (Cash Chart)
1. Breakout Formation:
DMart is consolidating in a tight range of ₹4100–₹4160 and now approaching a breakout above ₹4175–4200, which has acted as resistance multiple times in the past two weeks.
2. Indicators Overview:
- RSI: ~64 – Strong bullish zone, with room to extend above 70
- MACD: Bullish crossover continues; histogram widening
- Price Action: Bullish engulfing candle on the daily chart, with increasing volume
3. Trendline Observation:
A clear ascending triangle is forming with higher lows, and a close above ₹4200 may trigger a rapid move toward ₹4300+ levels.
🔁 Options Chain Analysis
- Heavy OI buildup seen at 4200 and 4300 CE, suggesting bullish expectations
- IVs (Implied Volatility) remain moderate, making the option premium attractive for buyers
- PCR (Put-Call Ratio) improving in favor of bulls
💡 Trading Strategy: 4200 CE Option
| Parameter | Value |
|---|---|
| Buy Zone | ₹76 |
| Stop Loss | ₹55 |
| Target 1 | ₹100 |
| Target 2 | ₹125 |
| Target 3 | ₹150+ (On big move) |
🧠 Bonus Trading Tips for This Week
✅ Symmetrical Triangle Breakout Tips:
- Volume must support the breakout candle
- Always wait for a confirmed close above the resistance trendline
- Use trailing SL under the last swing low
✅ Positional Entry Strategy (like OnwardTech):
- Use a 3-step allocation (e.g., 40%-30%-30%)
- Don’t average aggressively; only add at support or on breakout retest
- Keep time horizon clear: Swing vs. Positional
✅ Option Buyer Strategy:
- Time entry close to momentum breakouts
- Avoid deep OTM during consolidation
- Always trade with strict stop loss and realistic profit-taking points
📊 Summary Table
| Stock | Type | Entry Zone | Stop Loss | Target(s) | Strategy |
|---|---|---|---|---|---|
| IREDA | Cash | ₹183 / Dips | ₹170 | ₹198 / ₹205 | Triangle Breakout |
| TATVA | Cash | ₹980 | ₹945 | ₹1,050 / ₹1,100 | Reversal Play |
| OnwardTech | Cash (pos.) | ₹327 / ₹310 | ₹280 | ₹395 / ₹470 | Gradual Buy |
| IndusInd 950CE | Option | ₹20.50 | ₹14 | ₹28 / ₹35 / ₹40 | Momentum Option Play |
🗓️ Stay tuned with us at CapitalKeeper.in for daily breakout alerts, sector-wise watchlists, and weekend learning series.
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🔍 Final Thoughts
These strategies are based on technical setups, derivatives data, and momentum indicators. For short-term traders, strict discipline with stop losses is essential. For positional trades like Laurus Labs, patience will pay off.
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