Analysis
Trading Plan – April 28, 2025: GOLD (XAU/USD) Strategy🌟 Daily Trading Plan – April 28, 2025: GOLD (XAU/USD) Strategy
📈 Technical Overview:
After the strong sell-off last week, gold is now consolidating around the key support zone 3260–3270.
Price action is tightening, forming a symmetrical triangle pattern on the M15 timeframe.
The MA 13 – 34 – 200 alignment suggests a short-term bearish trend, but selling momentum is weakening.
The chart indicates a potential retest towards resistance levels before deciding the next major move.
🎯 Key Price Zones to Watch:
Immediate Resistance: 3299 – 3313
Major Support: 3260 – 3268 – 3239
Potential Rebound Target: A retest towards 3299 – 3313 before a possible sell-off resumes.
📌 Trading Scenarios:
Primary Strategy: Look for short-term BUY setups near the 3260–3268 support zone, aiming for a corrective move towards resistance, then watch for SELL signals.
🎯 Detailed Plan:
🔵 BUY Zone: 3260 – 3258
Stop Loss: 3254
Take Profit: 3264 – 3268 – 3272 – 3276 – 3280 – 3290
🔴 SELL Zone: 3299 – 3301
Stop Loss: 3306
Take Profit: 3294 – 3290 – 3286 – 3282 – 3275
📢 Important Notes:
Today's price range could move between 60–80 pips, with no major economic events scheduled.
However, the market remains highly sensitive to geopolitical news, especially concerning India–Pakistan tensions and U.S.–China relations.
Always stick to your TP/SL plans and avoid FOMO during rapid price movements.
✅ Summary:
This is a high-sensitivity period for gold. Prioritize trading high-probability setups: BUY at support – SELL at resistance, and only scale in positions after clear confirmation!
Astral - Looks good to buy at bottomAstral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. It has also forayed into adhesive business over years.
Market Cap: ₹ 36,884 Cr.
Promoter holding: 54.1 %
FII holding: 20.2 %
DII holding:14.6 %
Public holding: 11.0 %
Fundamentals are good. Near breakout level and good to hold for the next 6 months.
Support and Resistance Part 2Support occurs at the point where a downtrend is expected to pause due to a concentration of demand. Resistance occurs at the point where an uptrend is expected to pause due to a concentration of supply. Support and resistance areas can be identified on charts using trendlines and moving averages.
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Option TradingIf you're looking for a simple options trading definition, it goes something like this: Options trading gives you the right or obligation to buy or sell a specific security on or by a specific date at a specific price. An option is a contract that's linked to an underlying asset, such as a stock or another security.
SBFC Finance ltdSBFC Finance ltd
📈 Technical Indicators
Relative Strength Index (RSI): Approximately 55.32, indicating a neutral momentum.
Moving Averages: The stock is trading below its 30-day and 200-day Exponential Moving Averages (EMA), suggesting a bearish trend.
Moving Average Convergence Divergence (MACD): The MACD is at 0.55, indicating a positive momentum.
Average True Range (ATR): 3.15, suggesting moderate volatility.
The Financial Express
🔍 Observations
The stock is currently trading below its key moving averages, which may indicate a bearish trend. However, the positive MACD and neutral RSI suggest potential for upward movement if the stock breaks above resistance levels. Traders should monitor the stock's price action around the pivot point of ₹89.48 and the resistance levels at ₹92.32, ₹94.01, and ₹96.85.
Please note that technical analysis is subject to market conditions and should be used in conjunction with other forms of analysis.
Gold Retreats as Trump’s Trade Talk Flip Sparks CautionGold Retreats as Trump’s Trade Talk Flip Sparks Caution – Friday Volatility Expected 💥📉
🟡 Market Recap & Sentiment
Gold prices jumped over 1% this week, reaching around $3,500/oz, as investors sought safe-haven assets amid a weakening USD and global uncertainty. However, analysts believe this Price surge is driven by greed and needs a healthy correction.
“Gold might consolidate in the near term, but we’re still in a bull market. Dips will be bought,” said analyst Wong.
Meanwhile, the US Dollar and equities are losing their appeal as investors digest contradictory signals from President Trump. He confirmed that US-China trade negotiations are ongoing, while China denied any talks – sending shockwaves across markets and triggering a sharp pullback in gold during the Asian session.
This political flip-flop is adding confusion, and traders are advised to stay cautious before jumping into any positions.
📉 Fundamental Triggers Today
Core Retail Sales (US) – releasing later today during the US session.
It’s also Friday – which means potential for weekly candle closure volatility and liquidity grabs.
Coupled with the ongoing tariff headlines and geopolitical drama, today could be extremely unpredictable.
📍 Key Levels to Watch
Resistance: 3366 – 3384 – 3406 – 3428 – 3445
Support: 3308 – 3288 – 3270
🔹 Trade Setup Suggestion
🔸 BUY ZONE: 3288 – 3286
SL: 3282
TP: 3292 – 3296 – 3300 – 3304 – 3310
🔸 BUY ZONE: 3270 – 3268
SL: 3264
TP: 3274 – 3278 – 3282 – 3286 – 3290
🔻 SELL ZONE: 3384 – 3386
SL: 3390
TP: 3380 – 3376 – 3372 – 3368 – 3364 – 3360 – ???
🔻 SELL ZONE: 3406 – 3408
SL: 3412
TP: 3400 – 3396 – 3392 – 3388 – 3384 – 3380 – 3370 – 3360
⚠️ Risk Management Reminder
Be cautious today – it’s a Friday with major data and geopolitical uncertainty.
✅ Always respect TP/SL levels.
✅ Let the market show confirmation before entering positions.
Sit tight and let the market come to your zone – don’t rush in with FOMO during uncertain sentiment.
How we trade in option chain ?To trade using an option chain, you first need to understand its structure and the information it provides. Option chains are organized by strike prices, expiration dates, and whether they are call or put options. You then decide whether to buy (long) or sell (short) a particular option contract, specifying the strike price, expiration date, and quantity. Finally, you submit your order through your brokerage platform.
Explanation of RSIThe Relative Strength Index (RSI) is a momentum indicator in technical analysis that measures the magnitude of recent price changes to assess whether an asset is overbought or oversold. It oscillates between 0 and 100, with values above 70 often suggesting overbought conditions and values below 30 indicating oversold conditions.
Technical TradingIn trading, "technical" refers to the practice of analyzing historical price and volume data to identify patterns and predict future price movements. This approach, called technical analysis, is a way to evaluate securities and forecast their behavior based on charts and statistical data.
Tech Mahindra Q4 Earnings Highlights: #TECHM
Tech Mahindra Q4 Earnings Highlights: #TECHM
• Net Profit: ₹1,166.7 Cr-
Up 18.7% QoQ (vs *983.2 Cr) •
Revenue: *13,384 Cr - Up 0.7% QoQ (vs *13,285.6 Cr)
⚫ EBITDA: *1,378 Cr-Grows 2.1% QoQ (vs *1,350.2 Cr)
⚫ EBITDA Margin: 10.3%, Slightly Up from 10.2% QoQ
Technical Analysis Summary:
The stock made a recent high of ₹1,810.
*1,210.
It was in a downtrend but has reversed from a strong support level at
Currently trading at ₹1,445, the stock has formed a Doji candle, indicating a balance between buying and selling pressure.
A break below *1,430-₹1,425 may signal increased selling pressure and potential downward movement.
Conversely, a break above ₹1,465-₹1,470 may trigger buying momentum
and a potential upward move.
NIFTY - 50 // 4 Hour Support and ResistanceAs of April 24, 2025, the Nifty 50 index is exhibiting a neutral to slightly bullish trend. Here's a summary of the key support and resistance levels based on recent technical analyses:
Newscast India
🔽 Key Support Levels
23,800: Identified as a crucial support level by multiple analysts. A breach below this could lead to further declines.
23,400–23,450: Considered a significant support zone, with the 11 and 20-day exponential moving averages providing additional support.
23,327: Marked as a strong support level, with the index recently reclaiming the 200-day moving average at 23,590.
🔼 Key Resistance Levels
24,500–24,700: This range is viewed as a significant resistance zone, with analysts noting that a breakout above this could lead to further gains.
24,000–24,125: Identified as immediate resistance levels, with 24,100 being a key hurdle for the index.
24,600–24,700: Considered a resistance zone, with the 24,600–24,700 range acting as a significant resistance level.
Nifty-50 // 15 min support and Resistance .NIFTY_50 Indicators & signals
Indicator MACD (12,26,9)
23420.22, 23191.53, 96.12
Indicator MACD is in positive zone
Indicator ADX (14)
31.57, 44.62, 23.21
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying
Indicator RSI (14)
Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.
Gold Surge: 80 Price Bounce from Key Support Gold Surge: 80 Price Bounce from Key Support – What’s Next for the Market? 💰📈
Market Overview:
Gold has surged by 80 pips today, bouncing from the support level at the end of the U.S. session yesterday after liquidity was swept at the 3260 zone. Investors are now looking to buy the dip after the 250+ pip drop in gold over the past few days. Currently, after the strong 80 pip rally, gold is consolidating at the 0.382 Fibonacci retracement zone, with selling pressure mounting.
Key Price Levels to Watch:
Resistance: 3343, 3358, 3376, 3410, 3446
Support: 3210, 3286, 3275, 3230
Market Sentiment:
There’s a strong sell reaction at current levels, which suggests that the price could continue to push lower in both the Asian and European sessions to fill liquidity in the Fair Value Gap (FVG). After the 80 pip rally and 40 pip reaction, the market seems to be consolidating between 3328 and 3320. We expect a price movement range of 80-100 pips today, so caution is advised, especially around key levels at 3376-3378, where a potential sell can be placed.
Next Potential Movements:
If gold fails to break through the 3376-3378 resistance zone, we could see a continuation of the downward move. If the 3376-3378 zone holds strong, this could be a good opportunity to sell.
Should the price break through this zone, we’ll observe the next key resistance around 3410. A break above 3410 could signal a reversal to the upside, turning the trend into a BUY instead of SELL.
Today's Strategy:
For today, the focus will be more on SELL opportunities as gold pushes back to fill the FVG liquidity around 3288. Once we see how the price reacts at these levels, we can start planning for BUY entries.
Watch out for Unemployment Claims data from the U.S. later in the session, as this could trigger volatility. Be cautious when trading around news events, especially in a sensitive market.
Trade Setup:
BUY ZONE: 3230 - 3228
SL: 3224
TP: 3234 - 3238 - 3242 - 3246 - 3250 - 3254 - 3260
SELL ZONE: 3376 - 3378
SL: 3382
TP: 3372 - 3368 - 3364 - 3360 - 3355 - 3350
SELL ZONE: 3408 - 3410
SL: 3414
TP: 3402 - 3398 - 3394 - 3390 - 3386 - 3382 - 3375 - 3370
Risk Management:
It’s important to manage your risk appropriately given the current market conditions. Ensure you’re following your TP/SL levels strictly to protect your capital from market volatility.
Technical TradingIn trading, "technical" refers to the practice of analyzing historical price and volume data to identify patterns and predict future price movements. This approach, called technical analysis, is a way to evaluate securities and forecast their behavior based on charts and statistical data.
Divergence SecretsIn the share market, divergence refers to a situation where the price of an asset moves in a direction opposite to what a technical indicator is suggesting. This can signal a weakening trend and potentially a trend reversal. Divergence can be either positive (price moving higher) or negative (price moving lower).
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