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Bank Nifty – “Approaching the Edge: Will 58K Hold or Fold?”Date: October 12, 2025 Current Price: ₹56,609.75 Bias: 🔼 Short-Term Bullish, 🔽 Medium-Term Cautious Market Snapshot Bank Nifty continues its upward march, closing at 56,609.75. The index is nearing a critical resistance zone around 58,000 to 58,800, which aligns with October’s forecast high. Momentum remains positive, but traders should be alert for signs of exhaustion or reversal. Key Technical Levels Support 1: ₹55,835 Strong base from recent consolidation Support 2: ₹55,300 (Monthly forecast low at 53,000) Resistance 1: ₹57,200 - 57,650 (Cup & Handle and Fib Targets ceiling) Resistance 2: ₹58,100 – 58,800 (Forecast high and psychological barrier) Trade Setup Bullish Play Entry: ₹56,650–₹56,800 (post-breakout confirmation) Target 1: ₹57,200 Target 2: ₹58,800 Stop Loss: ₹55,700 Bearish Contingency Entry: Below ₹55,700 Target: ₹54,500 Stop Loss: ₹56,200 Strategy Notes Cup & Handle breakout aligns with Fibonacci extensions and forecast highs Watch for reversal signals near ₹58,000 to 58,800 zone Banking earnings, RBI commentary, and global bond yields are key catalysts USDINR and Nifty 50 correlation may influence sentiment Watch for rejection near ₹58,800 zone — potential for profit booking Conclusion Bank Nifty has triggered a textbook Cup & Handle breakout on the 1H chart. With Fibonacci targets pointing toward ₹58,800, bulls have a clear runway — but volatility may spike near forecast highs. Stay tactical, trail stops, and ride the wave.
NSE:BANKNIFTYLong
by DrSumith
1
KELLTONTEC Price ActionKellton Tech Solutions Ltd (KELLTONTEC) is currently trading around ₹23.9, showing a slight recovery with a 0.84% gain in the latest session. The stock has seen a decline of roughly 21% over the past year, with a 52-week low of ₹19 and a high of ₹35.5. Market capitalization is approximately ₹1,168 crore. Technically, the stock trades below its 50-day and 200-day moving averages, signaling short-term weakness, but the recent bounce suggests some accumulation near support levels. Resistance is noted near ₹26–27, with support around ₹23. Volume levels remain decent, showing moderate participation, while indicators like RSI hover near neutral zones. Fundamentally, Kellton Tech reported earnings per share (EPS) around ₹1.68, and the price-to-earnings (P/E) ratio stands near 14, reflecting a reasonable valuation compared to peers in IT-enabled services. The price-to-book ratio is about 2.18, and dividend yield remains negligible. Overall, earnings growth has been steady but subdued, with moderate margins and manageable debt. In summary, while the stock shows signs of tentative recovery, a sustained breakout above ₹26 is needed to confirm upward momentum. Investors should watch support near ₹23 to manage downside risk. The longer-term outlook depends on consistent earnings improvement and broader sector momentum.
NSE:KELLTONTECLong
by KamalKJoshi
US30 | 4H–15M Bearish Confluence SetupPrice has displayed a Change of Character (ChoCH) on the 4-hour timeframe, breaking the existing bullish trendline and leaving behind a 4H imbalance. This shift indicates potential weakness in the prevailing bullish structure. I’ll be waiting for price to retrace into the 4H imbalance zone and establish a bearish Change of Character on the 15-minute timeframe, ideally accompanied by the formation of a Fair Value Gap (FVG) or minor imbalance. Once the 15M imbalance is retested and a bearish candlestick pattern confirms order flow alignment, a short position can be considered after a break below the low of that bearish pattern. This setup aligns multiple timeframe confluences, reflecting a potential shift in market structure from bullish to bearish.
BLACKBULL:US30Short
by AryanDixit
BEL Structure Analysis & Trade Plan🔍 Chart Analysis The chart for Bharat Electronics Ltd. (BEL) on the Daily timeframe displays a classic Bull Flag Continuation Pattern. This pattern typically forms after a sharp price move (the 'flagpole') and suggests a pause before the trend resumes. Flagpole: The sharp rally leading up to the July high (around ₹436.20) is the flagpole. Flag (Correction): The period from July to late August shows a correction in the form of a Falling Channel (the red parallel lines). Continuation (Current Phase): Since late August, the price has broken out of the falling channel and has been moving up in a defined Rising Channel (the green parallel lines). This breakout signals the likely resumption of the larger bullish trend. Key Resistance (MSS Level): The most critical short-term resistance is the All-Time High / Previous Swing High at ₹436.20 (marked by the blue line). A decisive break here would confirm the continuation of the major trend and constitutes the major Market Structure Shift (MSS) to new highs. Current Position: The stock is trading at ₹413.50, sitting near the lower half of the current rising channel. The price is showing momentum, challenging the midline of the current channel. 📈 Trade Plan (Continuation Setup) The primary trade plan is a long entry based on the current bullish momentum and anticipation of an all-time high breakout. 1. Aggressive/Channel Long Trade This trade capitalizes on the momentum within the current rising channel. Entry Condition: A long entry can be taken on a bounce from the lower green channel line, or upon a clean Daily close above the dashed midline of the current channel (approx. ₹415 - ₹418) if the price re-tests the lower line. Given the current price, a close above ₹415.50 (today's high) would be a positive confirmation. Stop Loss (SL): Place the stop loss below the recent swing low that formed the rising channel, for example, around ₹395 (just below the channel base). Target 1 (T1): The major resistance level at the previous all-time high: ₹436.20. 2. Breakout Scenario (MSS Confirmation) This is the high-conviction trade for a positional trend continuation. Entry Condition: A decisive Daily closing candle ABOVE ₹436.20 (the All-Time High). This confirms the major bullish Market Structure Shift (MSS). Wait for the breakout on high volume. Stop Loss (SL): Place the stop loss just inside the broken resistance zone, for example, around ₹425 - ₹430. Target (T): The minimum target is calculated by projecting the height of the flagpole from the breakout point. Flagpole Height: ₹436.20 - ₹360 (approx. low before channel start) = ₹76.20. Target 2 (Measured Move): ₹436.20 + ₹76.20 ≈ ₹512.40. Target 3: Subsequent psychological or Fibonacci extension levels above ₹500, such as ₹550. ⚠️ Caveat If the price breaks down and closes BELOW the lower green channel line (currently around ₹405) with conviction, the short-term bullish bias is nullified, and the stock could re-test the base of the entire pattern (around ₹360).
NSE:BELLong
by BhardwajVipin
TRENT Structure Analysis & Trade Plan🔍 Chart Analysis The chart for Trent Ltd. (TRENT) on the Daily timeframe clearly shows a pronounced downtrend following a breakout failure and subsequent re-entry into a prior consolidation zone. Prior Consolidation Range: From April to early June, the stock consolidated within a tight rectangle, roughly between ₹4,600 and ₹5,700. Failed Breakout: The price broke out of this range to the upside in June, reaching highs above ₹6,200. However, the price subsequently corrected and fell sharply back into and through the old consolidation zone. Key Support Level: The stock is currently trading right at the lower boundary/support of the old consolidation range, specifically around ₹4,500 - ₹4,600 (the low of the box/line drawn). The current closing price of ₹4,691.10 is testing this critical zone. Market Structure Shift (MSS) Status: The current structure is Bearish on the medium term, as the price has broken below the midpoint of the old range (dashed line around ₹5,200) and is testing the critical support. A confirmed break of the ₹4,500 level would constitute a major bearish Market Structure Shift (MSS). 📈 Trade Plan (Critical Support & Breakdown) The trade plan should focus on reacting to the price action at the critical support level of ₹4,500. 1. Bearish Scenario (Short Trade / MSS Confirmation) This is the higher probability move given the stock's recent sharp decline and re-test of the low. Entry Condition: A decisive Daily closing candle BELOW ₹4,500 (the major horizontal support). This confirms the breakdown and the Market Structure Shift (MSS) to a deeper downtrend. Stop Loss (SL): Place the stop loss just inside the broken support zone, for example, around ₹4,600 - ₹4,650. Target (T): The next major support levels based on the measured move of the consolidation range (₹5,700 - ₹4,600 = ₹1,100) projected downwards, or the 52-week low. Target 1 (T1): ₹4,488 (the 52-week low) for a quick test. Target 2 (T2) Measured Move: ₹4,500 - ₹1,100 = ₹3,400. Note: This is a long-term target based on the technical pattern failure; conservative target major psychological number ₹4,000. 2. Bullish Scenario (Long Trade / Reversal Attempt) This is a counter-trend trade, betting on a bounce from the strong support. Entry Condition: Look for a clear bullish reversal candlestick pattern (e.g., a strong engulfing candle, or hammer) at the ₹4,500 - ₹4,600 support zone, followed by confirmation on the next day. Stop Loss (SL): Place the stop loss below the low of the reversal candle, or just below the 52-week low, e.g., ₹4,450. Target (T): Target the midpoint and upper boundary of the old consolidation range. Target 1 (T1): The previous range midpoint around ₹5,200. Target 2 (T2): The previous range resistance around ₹5,600 - ₹5,700. ⚠️ Execution Note Since the stock is currently resting on a critical support, waiting for confirmation (either a decisive breakdown or a strong reversal) is crucial to avoid being trapped in a choppy consolidation at the low. Volume confirmation on the breakout or reversal candle will add significant conviction.
NSE:TRENTShort
by BhardwajVipin
TATA MOTORS Structure Analysis & Trade Plan 🔍 Chart Analysis The chart for Tata Motors Ltd. (TATAMOTORS) on the Daily timeframe is showing a prolonged period of consolidation, forming a Rectangle Pattern. This pattern indicates that buyers and sellers are in a state of balance, trapping the price between two key horizontal levels. Pattern: Rectangle / Horizontal Consolidation Range. Timeframe: Daily. Resistance (Supply Zone): The strong overhead resistance is approximately at the ₹740 - ₹750 zone. The price has been rejected from this level multiple times (indicated by the red arrows). Support (Demand Zone): The solid base of support lies around the ₹630 - ₹640 zone. The price has bounced strongly from this level multiple times (indicated by the green arrows). Current Position: The stock is currently trading near the midpoint of this range (around ₹678.95), which is a zone of indecision, making immediate trades riskier. A significant price move, or a Market Structure Shift (MSS), will only be confirmed upon a decisive, high-volume breakout and close above the resistance or below the support. 📈 Trade Plan (Range Trading) Given the current position within the range, the primary strategy is to trade the boundaries until a confirmed breakout occurs. 1. Bullish Scenario (Long Trade) This is a counter-trend move within the range, trading off the support. Entry: Look for a buy entry near the Support Zone of ₹630 - ₹640. Wait for clear bullish reversal signals (like a hammer, engulfing pattern, or double bottom on lower timeframes) at this level. Stop Loss (SL): Place the stop loss a few points below the support zone, for example, around ₹620. Target (T): T arget the upper boundary/resistance zone at ₹740 - ₹750. 2. Bearish Scenario (Short Trade) This is a counter-trend move within the range, trading off the resistance. Entry: Look for a short entry near the Resistance Zone of ₹740 - ₹750. Wait for clear bearish reversal signals (like a shooting star, bearish engulfing pattern, or double top on lower timeframes) at this level. Stop Loss (SL): Place the stop loss a few points above the resistance zone, for example, around ₹760. Target (T): Target the lower boundary/support zone at ₹630 - ₹640. 🔑 Breakout Trade Plan (Trend Trade - MSS Confirmation) The highest probability moves will be on a confirmed breakout from the rectangle, which would establish a new trend direction. 3. Confirmed MSS to the Upside (Trend Continuation) Entry Condition: A decisive close and sustained trade (Daily close) ABOVE ₹750 on high volume. This will constitute the Market Structure Shift (MSS) to the upside. Stop Loss (SL): Place the stop loss just inside the broken resistance zone (e.g., ₹730). Target : The measured move target would be the height of the rectangle (₹750 - ₹630 = ₹120) projected upwards. Target = ₹870. 4. Confirmed MSS to the Downside (Trend Reversal/Continuation) Entry Condition: A decisive close and sustained trade (Daily close) BELOW ₹630 on high volume. This will constitute the Market Structure Shift (MSS) to the downside. Stop Loss (SL): Place the stop loss just inside the broken support zone (e.g., ₹650). Target: The measured move target would be the height of the rectangle (₹120) projected downwards. Target = ₹510.
NSE:TMPV
by BhardwajVipin
SIGACHI Price ActionSigachi Industries Ltd is currently trading near ₹38.8 after facing a significant decline over the past year. The price movement remains sideways in the short term, with the stock trading close to its 52-week low of ₹30.51 and resistance around ₹43.80. The overall trend is weak, and the stock continues to trade below key moving averages, showing no signs of a sustainable reversal. The stock sees high daily price swings and speculative sentiment continues to drive recent movements. Financial performance shows revenue growth in the last quarter, but profits have declined sharply, leading to subdued earnings per share and a relatively high price-to-earnings ratio. Book value is low, and the price-to-book multiple remains elevated. While debt remains manageable, operating margins have compressed, and some pledged shareholdings introduce caution for investors. Comparing its performance to sector peers, Sigachi shows weaker earnings and valuation metrics. The stock experienced a recent bounce but is still well below its yearly high. Short-term traders might focus on quick moves between the immediate support and resistance bands, but long-term investors will require clear recovery in both fundamentals and price action before considering new entries.
NSE:SIGACHILong
by KamalKJoshi
All Time High Breakout (Monthly Chart)📌 Current Level: 105 (0.786 Fibonacci) The market is hovering near this critical resistance level. A break above could signal bullish momentum. 📌 Upside Targets: 150 / 170 / 200 If the level of 105 is breached, these are the key retracement levels where price may find resistance next. 📌 Stop Loss: 74 (0.382 Fibonacci) If the market reverses and falls below this level, it indicates a potential bearish move, making this a safe exit point.
NSE:INTLCONVLong
by MadhavaCapital