Gold – Distribution Before DropGold – Distribution Before Drop
Gold is showing signs of exhaustion after the recent corrective bounce. The 3H market structure highlights a clear distribution pattern, as price continues to reject from the 4,100–4,250 supply zone. Repeated Break of Structure (BOS) signals that bearish momentum remains dominant.
Institutional activity suggests that liquidity is being built above local highs, preparing for another downside leg. The current market sentiment stays bearish as long as price trades below the key premium area. A confirmed rejection from this zone could trigger a decline toward the 3,904 liquidity pool.
Only a breakout and hold above 4,250 would invalidate this scenario and shift bias back to bullish accumulation.
Bearishtrend
EUR/JPY Sell Momentum BuildsEUR/JPY has officially transitioned into a sell-side trend following clear exhaustion of its previous bullish cycle. The market structure shows consecutive lower highs and strong downside displacement, confirming that sellers are now in control of short-term momentum.
Recent liquidity sweeps above prior highs were quickly rejected, signaling institutional distribution and profit-taking. Order flow dynamics continue to favor the downside, with bearish impulses showing higher efficiency than any corrective rebounds.
Momentum and sentiment both align with sustained selling pressure. The pair is operating within a redistribution phase, and the market tone remains defensive as participants seek lower value zones.
Overall outlook: Bearish bias remains dominant. The market is expected to extend lower while maintaining controlled volatility until meaningful demand re-enters the market.
Gold Declines as Sellers Dominate the MarketGold is undergoing a controlled correction phase after an extended period of sustained gains. Market behavior over recent sessions reflects a shift from expansion to contraction as liquidity flow decreases and momentum weakens across key time horizons.
The previous upward cycle attracted substantial speculative interest, but current market dynamics suggest profit-taking by institutional participants and reduced accumulation from large holders. The recent structural shift confirms that sentiment has turned defensive, aligning with global market caution amid evolving economic conditions.
Despite short-term consolidation, the broader setup indicates that gold remains sensitive to global financial stability concerns and policy signals. Market participants are now waiting for clarity on upcoming economic data and interest rate outlooks, which could determine whether the correction deepens or transitions into a new accumulation phase.
In the near term, volatility is expected to remain elevated as investors reassess exposure levels. The prevailing outlook maintains a cautious bias, with traders closely observing how price reacts to continued shifts in liquidity and macro sentiment. Sustained capital outflow from hedge assets could pressure gold further, while renewed demand for safety could limit downside potential in the medium term.
Eternal (D) - Hits New High But Stalls at Channel ResistanceZomato has been trading in a predictable, well-defined pattern, but recent price action, including a new all-time high today, is showing significant signs of exhaustion that could signal a short-term reversal.
The Ascending Channel
Since July 2025, the stock has been trading within a clear ascending channel , consistently respecting the upper boundary as resistance and the lower boundary as support. This pattern has provided a reliable roadmap for the stock's trajectory.
Today (Tuesday, October 14, 2025), while the stock did register a new All-Time High (ATH), it importantly failed to break out of the channel's resistance and was rejected from this upper boundary. This price action suggests that selling pressure is emerging at this predictable level.
Warning Signs of Waning Momentum
Several indicators support the view that the current up-move is losing steam, despite the new high:
- Bearish Divergence: The Relative Strength Index (RSI) is in a "lowering state" while the price is making new highs. This is a classic bearish divergence , a strong indicator that the underlying momentum of the trend is weakening.
- Declining Volume: The recent rally towards the top of the channel has been accompanied by decreasing volume, which suggests a lack of strong conviction from buyers at these higher levels.
While the short-term EMAs remain in a bullish state, the rejection at resistance combined with these warning signs presents a compelling case for a potential pullback.
Outlook
Based on the consistent channel pattern and the clear signs of weakening momentum, the most probable scenario is that Zomato will reverse from this resistance level and trend down towards the channel's support line.
The key action to watch for in the coming days is a confirmation of this reversal, such as a close below today's low or the formation of a strong bearish candle. A decisive, high-volume breakout above the channel's resistance would be needed to invalidate this bearish outlook.
EUR/USD – Bearish Continuation in MotionEUR/USD continues to display a bearish market structure, reflecting persistent downside pressure as the euro struggles to maintain stability against the U.S. dollar. Recent price action shows a period of consolidation followed by a liquidity grab near short-term highs, indicating that buyers are losing strength and the market is positioning for a potential continuation of the decline. The broader market tone suggests that sentiment remains cautious, with traders favoring the dollar due to its resilience amid global uncertainty and steady U.S. economic performance. The pair’s inability to establish higher highs further confirms weakness in bullish momentum. This behavior often signals distribution, where institutional players offload long positions before another leg downward. Short-term movements could still present small corrective bounces as the market seeks liquidity, but overall conditions favor sellers. Unless a strong shift in macro sentiment occurs, EUR/USD is likely to maintain its downward trajectory, targeting lower levels as the bearish momentum unfolds and traders continue aligning with dollar strength.
JSW Steel (D) - Tests Upper Boundary of Long-Term ChannelJSW Steel is currently trading at a critical juncture, testing the upper resistance trendline of a well-defined channel pattern that has been in place since May 2022. Historically, this trendline has acted as a strong barrier, often leading to a price reversal back towards the lower end of the channel.
Bearish Indicators Emerge 📉
Several technical indicators are suggesting that the upward momentum is waning and a potential downturn could be imminent:
- RSI Divergence: The Relative Strength Index (RSI) is showing bearish signs on the daily chart and is also starting a negative crossover on the weekly chart.
- Momentum Shift: Short-term Exponential Moving Averages (EMAs) on the daily chart are entering a negative crossover , signaling a potential shift in short-term momentum to the downside.
- Rising Bearish Volume: There has been a noticeable increase in selling volume as the stock approaches this resistance, indicating strengthening bearish pressure.
Outlook and Key Levels
Given the stock's position at a historical resistance level combined with multiple bearish technical signals, a cautious approach is warranted.
If the channel pattern holds true, the stock could reverse from this level and head downwards. A potential downside target in this scenario would be the support level near ₹1,065 . The price action in the coming sessions will be crucial to confirm this potential reversal.
Coal India (W) - Consolidates in a Potential Bear Flag PatternFollowing a significant downtrend that began in August 2024, Coal India has entered a sideways consolidation phase, which has been in place since December 2024. This prolonged period of consolidation after a downtrend is forming what appears to be a Bear Flag , a classic continuation pattern that typically resolves to the downside.
The stock is currently trading within this pattern, approaching a critical juncture.
Bearish Indicators to Note 📉
The negative outlook is supported by key observations:
- Continuation Pattern: The formation of a Bear Flag itself suggests that the pause is likely a prelude to resuming the prior downtrend.
- Declining Volume: Trading volume has been noticeably drying up during this consolidation phase, which often indicates a lack of buying conviction and can precede a breakdown.
Outlook and Key Levels
The price action in the coming weeks will be crucial.
- Bearish Case: A breakdown below the lower trendline of the flag pattern, especially on a spike in volume, would confirm the continuation of the downtrend.
- Bullish Reversal: To invalidate the bearish pattern, the stock must stage a decisive breakout above the upper resistance trendline of the flag, supported by a massive surge in volume. Until such a breakout occurs, the prevailing technical bias remains bearish.
Nifty 50 spot 24654.70 by Daily Chart view - Weekly updateNifty 50 spot 24654.70 by Daily Chart view - Weekly update
- Support Zone 24325 to 24500 for Nifty Index
- Rising Support Channel broken down from its supportive role
- Earlier Support Zone now acting Resistance Zone 24875 to 25135
- Falling Resistance Trendline and Resistance Channel are strongly active
- Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index
- Bearish Rounding Top is seen in the making process with Support Zone neckline
ETERNAL – Rising Wedge Breakdown Setup | Target: 280The stock has formed a Rising Wedge pattern after a strong rally, with multiple rejections from the upper trendline (marked by red arrows). previous price action shows weakness near the resistance zone, indicating a potential breakdown.
🔹 Key Highlights:
Rising Wedge Pattern visible on the daily chart – a bearish reversal setup.
Volume surge in recent sessions signals distribution at higher levels.
Gap Support at 277 – likely to be tested once breakdown confirms.
Immediate Target: 280, aligning with horizontal support.
Risk-to-Reward favored on the short side as price rejects resistance.
🔻 Breakdown Confirmation:
277 (Gap level)
241.45
219.22
This setup offers a clean technical short opportunity if downside momentum continues. Suitable for traders looking to capitalize on wedge breakdowns with volume confirmation.
Disclaimer : Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
IRCTC rising to fall back again?What appears to be a corrective pullback to complete wave iv, IRCTC may witness a fall in the coming days to complete wave v.
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
CNXIT - Head & Shoulder in progress on weekly chartsThe Indian IT sector is in a terrible state. The formation of a head and shoulder pattern on a weekly chart is a disastrous indication of worse times ahead. While NSE:TCS fired 15k employees in the recent past, the future seems dimmer. A similar pattern can be observed in almost all IT stocks. Caution is the way forward. All the long positions in IT must be doubly checked and closely monitored.
Disclaimer: The idea is for educational and informational purposes only and must not be construed as advice to buy/sell. Please consult your investment advisor before making a financial decision. Investments are subject to market risks!
Bearish Setup on SOLUSD (1-Hour Time Frame)Entry Price: 181.1860
Target: 168.6490
Stop Loss (SL): 189.8636
1. Chart Analysis
We are observing a descending triangle pattern formation, which generally signals a bearish continuation once the price breaks downward.
The price action has already shown signs of rejection at the upper boundary of the pattern, reinforcing the possibility of a breakout to the downside.
2. Indicators & Confirmation
Volume Analysis: Noticeable spike in volume during the recent downward movement, which indicates strong selling pressure. This is crucial for confirming the potential bearish trend.
EMA Confluence: The price is below the 9 and 20 EMAs, which are crucial indicators of the current market trend. The EMAs are acting as dynamic resistance, further supporting the bearish scenario.
3. Risk Management
The stop loss is placed above the most recent significant high at 189.8636. This placement ensures that we protect against any false breakouts or short-term price reversals.
The target at 168.6490 is derived based on previous support levels and a measured move from the triangle pattern. This target is realistic given the market structure.
4. Price Action
The price action shows lower highs and lower lows, a typical characteristic of a downtrend. If this pattern holds, the next logical price move is to break downward through the support of the triangle.
5. Conclusion
Overall, this setup provides a solid bearish opportunity, backed by technical patterns and strong momentum indicators. The risk-to-reward ratio is favorable, making it a well-structured trade.
#Gujgasltd Elliott Wave Count Signals Potential Final Leg LowerBased on the 4-hour Elliott Wave analysis, Gujarat Gas appears to be in the final stages of a corrective Wave iv within a larger downtrend. The current price action suggests completion of an A-B-C structure for Wave iv, with the “c” wave nearing its top. If the count holds, the stock may soon resume its decline into Wave v, targeting lower lows before a potential trend reversal. Traders should watch for signs of weakness near current resistance to confirm the bearish continuation.
Nifty 50 spot 24,363.30 by the Daily Chart view - Weekly updateNifty 50 spot 24,363.30 by the Daily Chart view - Weekly update
- Support Zone 23850 to 24100 for Nifty Index
- Resistance Zone 24450 to 24700 for Nifty Index earlier Support Zone
- Bearish Rounding pattern top for Nifty 50 Index from ATH 26277.35 to 24073.90 diff 2,203 points
- Nifty 50 Index took reversal from 21964.60 just tad above from expected low of 21870 by 2203 points
- Bearish Rounding Top has repeated from the recent high of 25669.35 to 24473 having a difference of 1196 points
- *Will the same downfall behavior happen and see history repeated for Nifty 50 Index going down till 23276 and then reverse upside*
- *Stock Markets Domestically and Globally, are bearing the brunt of adversely affecting and negatively playing Tariff Tantrum Trumpet*
Bank Nifty spot 55004.90 by Daily Chart view - Weekly updateBank Nifty spot 55004.90 by Daily Chart view - Weekly update
- Fairly decent Support Zone 54160 to 54660 for Bank Nifty Index
- Current Resistance Zone 55050 to 55450 for Bank Nifty Index, earlier Support Zone
- Bearish Rounding Top pattern has sustained for Bank Nifty Index ATH to current Resistance Zone earlier a Support Zone
- Bearish Rounding Top from ATH 57628.40 ending 55149.30 by 2479 points of Bank Nifty index in active downplay mode
- *Will the Bank Nifty Index continue this breakdown journey from the active Resistance Zone and dive down further on too*
- *Stock Markets Domestically and Globally, are bearing the brunt of adversely affecting and negatively playing Tariff Tantrum Trumpet*
Keep an eye on #BandhanbankIt appears that Bandhan Bank is currently forming a corrective pattern, which may lead it to fall back to fresh lows.
Always trade with a protective stop.
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
Cheers,
PipVoyager
#AUBANK entering 4th Wave – Downtrend likely ahead?Technical analysis suggests AU Small Finance Bank is currently in Wave 4 structure, indicating a potential correction phase. Investors should brace for a possible decline. Caution is advised in the short term.
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
Bank Nifty spot 55617.60 by Daily Chart view - Weekly updateBank Nifty spot 55617.60 by Daily Chart view - Weekly update
- Resistance Zone 56850 to 57250 and then ATH Level 57628.40
- Earlier Support Zone now a Resistance Zone 59550 to 56285 of Bank Nifty Index
- Most probable and fairly decent Support Zone 55050 to 55450 of Bank Nifty Index Levels
- Bearish Rounding Bottom pattern formed from Bank Nifty Index ATH level to Support Zone by current week closure
- Practical Bottom for the Bearish Rounding Bottom from the ATH 57628.40 comes to 55149.30 for the Bank Nifty index
- Practically will the Bank Nifty Index take a breakdown from the Support Zone to deep dive below by 2479 points from here ????
LODHA: Assessing the Bearish TrendThe stock of LODHA is in a technically confirmed downtrend. The inability of the price to overcome previous peaks, followed by successful breaks below prior lows, confirms a persistent supply overhang. This structure will be considered intact as long as the price remains below its key overhead resistance levels.
Key moving averages 20, 50-day EMAs are acting as dynamic resistance. The price is trading below these averages, and they are often observed to be sloping downwards. Rallies toward these moving averages have consistently been met with renewed selling pressure, reinforcing their significance as a ceiling for the current trend.
Based on the current bearish structure, the levels, which are marked on the accompanying chart, are critical for navigating the potential price trajectory.
(Please refer to the attached chart for a visual representation of these levels)
Disclaimer:
The information provided in this technical analysis is for informational and educational purposes only and should not be construed as financial or investment advice. It is an interpretation of historical price data. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.






















