Top Technical Trade Setups for May 30, 2025: Cash, Options & Pattern Breakouts
By CapitalKeeper | Trading Signal | Market Moves That Matter
As the Indian stock market continues to show sectoral strength and technical setups across various indices, traders and investors are seeking the right entry points with solid technical backing. CapitalKeeper presents today’s top swing and options trade setups, focusing on RSI, MACD, chart structures, and price action behavior.
🔵 1. SBIN 800 CE (June Expiry) @ ₹22.50
Trade Type: Option
- 📈 Buy @ ₹22.50
- 🛑 Stop Loss: ₹15
- 🎯 Targets: ₹29 / ₹36 / ₹42
Technical View: Strong OI buildup and positive crossover on MACD. RSI is above 60 with momentum. Look for support at 790.
🟡 2. MGL (Cash Trade) CMP ₹1396
Strategy:
- ✅ Buy 40% at CMP
- 🔁 Add More Near ₹1350
- 🛑 Stop Loss: ₹1310
- 🎯 Targets: ₹1500 / ₹1550 / ₹1690
Technical Insight: RSI rising from 50 zones. MACD showing bullish histogram development. Strong support from 20 EMA.
🟠
3. MGL June 1440 CE @ ₹31
- 📊 Buy Option CE
- 🛑 Stop Loss: CMP Below ₹1350
- 🎯 Targets: ₹1440 / ₹1500
Outlook: Option chain suggests breakout momentum, especially with Crude cooling off and favoring gas distributors.
🔴
4. Indo Amines CMP ₹143
Strategy:
- ✅ Buy 40% at CMP
- 🔁 Add More Near ₹127
- 🛑 Stop Loss: ₹115
- 🎯 Targets: ₹175 / ₹195 / ₹235
Technical Outlook: Bullish consolidation breakout. RSI at 63, MACD has given fresh crossover.
🔵
5. STAR CMP ₹781
Trade Insight:
- ✅ Watch for Trendline Breakout with Heavy Volume
- 🛑 Supports at ₹725-740
- Short-Term Target: ₹850+
Bonus Technical Breakouts:
🔹 ITC (CMP ₹436+)
- ⚡ Breakout Above: ₹440.70
- 🎯 Targets: ₹488 / ₹510 / ₹538
- 🛑 Invalid Below: ₹414
Note: RSI breakout + MACD strengthening.
🔹 INDIAN BANK
- ⚡ Breakout Zone: ₹596
- 🎯 PRZ: ₹619 / ₹623 / ₹638
- 🛑 Invalid Below: ₹575
Setup: Bullish Rectangle + MACD Crossover.
🔸 PUNJAB & SIND BANK
- 🐻 Past Wolfe Wave Target Met
- 🦋 Now Formed: Bullish Bat + Wolfe Wave
- ✅ Reversal Above: ₹33
- 🎯 Targets: ₹66 / ₹74
- 🛑 Invalid Below: ₹25
🔸 UCO BANK
- 📊 Patterns: Bullish Wolfe Wave + Gartley
- ✅ Reversal Above: ₹33
- 🎯 Targets: ₹60 / ₹67
- 🛑 Invalid Below: ₹25
🔵 BLUE STAR
- 📉 Buy at: ₹1579
- 🛑 Add at: ₹1415
- 🎯 Targets: ₹1991 / ₹2076 / ₹2513
- ❌ Stop Loss: ₹1355
Pattern: Strong weekly breakout with RSI & MACD confirmation.
💹 Penny & Midcap Swing Picks:
🔹 INFIBEAM @ ₹20
- 🎯 Targets: ₹26 / ₹29
- 🛑 Stop Loss: ₹16.80
🔹 FINPIPE @ ₹218
- 🔁 Add at ₹195 / ₹180
- 🎯 Targets: ₹248 / ₹278 / ₹320 / ₹350
- 🛑 Stop Loss: ₹160
🔹 IFCI @ ₹67
- 🎯 Targets: ₹100 / ₹123
- 🛑 Stop Loss: ₹50
📈 Summary
This list combines breakout trades, pattern-based setups, and technical support/resistance logic. Monitor volume spikes, MACD/RSI divergence, and keep a close watch on global cues and crude/dollar index trends.
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