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NIFTY 50 Analysis & Trade Plan: 3rd OctoberMarket Context: The Nifty snapped its eight-day losing streak on Wednesday (October 1st), following the RBI MPC decision to hold the repo rate. This confirms a strong reversal from the critical 24,600 support zone. Detailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The Nifty has decisively broken out of the steep descending corrective channel. The strong bullish candle on Wednesday (October 1st) has closed well above the channel's upper trendline, signaling a high-probability short-term reversal. The market has now recovered more than 50% of the last major leg down. Key Levels: Major Supply (Resistance): 25,050 - 25,150. This area is the next significant hurdle, aligning with the prior consolidation zone. Major Demand (Support): 24,600 - 24,700. This is the key reversal zone. As long as the Nifty trades above 24,700, the bullish bounce is in control. Outlook: The short-term bias has shifted from bearish to cautiously bullish. The trend will be "Buy on Dips" until the index retests the 25,150 zone. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear Break of Structure (BOS) on the upside, as the price broke the descending channel and closed strongly. The market is now back in a short-term upward trajectory. Key Levels: Immediate Resistance: 24,880. This is the high of the current bounce and a minor psychological resistance. Immediate Support: 24,750 (The top of the recent consolidation and FVG support). 15-Minute Chart (Intraday View) Structure: The 15M chart shows strong bullish momentum. The index successfully took out Sell-side Liquidity below 24,600 and then reversed sharply. It closed strongly above the EMA and is forming a continuation pattern (flag) right below 24,900. Key Levels: Intraday Supply: 24,900. Intraday Demand: 24,800. Outlook: Strongly Bullish for the session open. 📈 Trade Plan (Friday, 3rd October) Market Outlook: The Nifty is in a strong bounce phase after the RBI policy catalyst. The primary strategy will be to buy on dips or buy on continuation. Bullish Scenario (Primary Plan) Justification: The strong close and confirmed reversal pattern across timeframes favor continuation towards the next major supply zone. Entry: Long entry on a decisive break and 15-minute candle close above 24,900. Alternatively, look for a dip entry near 24,750 if the market retraces. Stop Loss (SL): Place a stop loss below 24,700 (below the immediate FVG support). Targets: T1: 25,050 (Psychological level). T2: 25,150 (Major supply zone). T3: 25,250 (Upper resistance). Bearish Scenario (Counter-Trend Plan) Justification: This high-risk, counter-trend plan only becomes valid if the bounce is completely rejected. Trigger: A decisive break and 1-hour candle close below 24,700. Entry: Short entry below 24,700. Stop Loss (SL): Above 24,850 (above the recent swing high). Targets: T1: 24,600 (Key reversal support). T2: 24,400 (Deeper demand zone). [ b]Key Levels for Observation: Immediate Decision Point: 24,800 - 24,900 zone. Bullish Confirmation: A break and sustained move above 24,900. Bearish Warning: A move below 24,700 suggests a reversal failure and consolidation. Line in the Sand: 24,600. A break below this level nullifies the reversal bounce.
NSE:NIFTYLong
by BhardwajVipin
Nifty 50 Price ActionNifty 50 is trading near 24,715 as of September 4, 2025, showing mild recovery after several sessions of volatility and weakness. The index has bounced back above the 24,600 support zone with improved breadth and higher volumes, but technical indicators reflect a cautious undertone. All short- and medium-term moving averages (5, 10, 20, 50) still point bearish, and bearish crossovers on 5-20 and 20-50 day averages reinforce negative momentum. Oscillators like MACD, stochastics, ROC, and CCI remain in bearish territory, while RSI sits neutral around 45, and William %R signals oversold conditions, suggesting the possibility of a short-term bounce. Immediate resistance for Nifty is seen at 24,650–24,700, with a major hurdle near the 50-day moving average in the 24,850 area. A decisive move above these levels would strengthen bullish sentiment, potentially opening up the range to 25,250–25,500. On the downside, key support remains at 24,500, with stronger base near 24,250. A break below these supports could lead to extension of the recent pullback toward the 24,000 level. The broader trend appears range-bound with slight positive bias, but foreign institutional investors have been net sellers, which has tempered upside momentum. Sectors like auto, capital goods, and select mid-cap stocks are attracting buyers, while defensive sectors remain subdued. For now, a cautious approach is advised, using “sell on rise” until Nifty can reclaim more short-term moving averages. Long-term trend remains bullish, suggesting dips should be viewed as buying opportunities for quality stocks, especially if domestic and global cues improve.
NSE:NIFTYLong
by KamalKJoshi
LORDSCHLO Price ActionLords Chloro Alkali Limited (LORDSCHLO) traded positively today, closing at 176.5 after an upward move of 2.77% for the session. The stock opened at 173.45, reached a high of 178.0, and dropped to a low of 169.05 during the day. Trading volume was below average, with about 13,620 shares traded, indicating moderate investor activity. Price action was characterized by a firm bullish undertone, as the stock built on its gains and held well above both its 50-day and 200-day averages, reflecting underlying strength amidst broader market uncertainty. Support was established just below 170, while resistance near 178 capped further advances. With an EPS of 5.52 and PE around 32, momentum appears strong, and the stock is consolidating above key moving averages, suggesting potential for further upside if buying continues.
NSE:LORDSCHLOLong
by KamalKJoshi
ECLERX another entry set upECLERX traded in a narrow range today, with the price displaying a consolidative pattern through most of the session. The stock opened flat and witnessed brief upward movements, but overall momentum remained muted as it hovered near key support levels. Intraday volatility was low, with buyers and sellers appearing evenly matched and no clear directional bias emerging. Price action suggests market participants are awaiting fresh cues before taking definitive positions, with the stock holding above a short-term moving average. Technical indicators point to a neutral stance, as neither bullish nor bearish signals have dominated trade today. The immediate outlook remains sideways unless there is a decisive break above the session high or below the established support zone.
NSE:ECLERXLong
by KamalKJoshi
SUNPHARMA 1D Time frameOpening Price: ₹1,611.90 Closing Price: ₹1,628.20 Day Range: ₹1,611.90 – ₹1,651.50 Previous Close: ₹1,594.30 📉 Trend Analysis Short-Term Trend: Bearish — The stock is trading below key moving averages, confirming the bearish trend. Medium-Term Trend: Neutral — The stock is in a consolidation phase, characterized by lower highs and lower lows. Long-Term Trend: Neutral — No significant trend identified; the stock is trading within a range.
NSE:SUNPHARMALong
by Knowledgehub
OLAELEC Price ActionOlectra Greentech Ltd (OLAELEC) posted a strong performance today, trading around ₹1,390 with a notable upward move. The stock has been on a bullish trajectory over the past week, rebounding from its recent support near ₹1,350. Short-term moving averages indicate continued positive momentum, with the price well above both the 20- and 50-day averages. Technical indicators like RSI suggest mild overbought conditions, confirming robust buying interest but also signaling potential consolidation if the stock fails to hold above its current highs. The immediate resistance zone lies near ₹1,420, while strong support is seen at ₹1,350. A sustained breakout above resistance could propel the stock towards ₹1,500 in the coming sessions, whereas a slip below support may lead to a short-term pullback. Overall, OLAELEC is showing solid relative strength, buoyed by expectations of new contracts and strong demand in the electric vehicle bus segment. Market sentiment remains positive, but traders should be wary of profit booking near resistance. The short-term outlook stays bullish as long as the price holds above its key support levels.
NSE:OLAELECLong
by KamalKJoshi
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LiamTrading – Gold continues to be “crazy”LiamTrading – Gold continues to be “crazy”: Strong trend, but awaiting reaction at 3900 Gold has just recorded its 39th all-time high in 2025, now approaching the 3,900 USD/oz mark. This is not only a significant psychological threshold but also coincides with extended Fibonacci levels, making this area a sensitive point in the market. Trend & Trendline On the H4 chart, gold remains firmly within the upward channel formed since early September. The price continuously bounces off the lower trendline and expands its range towards the upper boundary. The lower trendline around 3760–3780 acts as a dynamic support. If the price breaks below this area, a deeper correction scenario towards 3720–3730 will be triggered. The upper trendline is currently “pressing” the price right at the 3897–3900 area, confluencing with the 2.618 Fibonacci. This is a strong resistance, potentially causing profit-taking reactions and creating a technical pullback. Volume Profile & Liquidity The 3800 and 3720 areas are dense volume clusters, indicating significant capital is positioned here. These are also potential Buy zones when the price corrects. The 3640–3650 area is a larger liquidity cluster, but will only be activated if a strong breakdown occurs from the current trendline. Reference Trading Scenarios Sell zone: 3897 – 3900, SL 3905, TP 3885 – 3862 – 3850 – 3833 Short-term Buy zone: 3797 – 3800, SL 3793, TP 3822 – 3840 – 3855 – 3872 – 3890 Medium-term Buy: 3720 – 3730, SL 3710, TP 3760 – 3800 – 3850 Conclusion The upward trend remains very strong, but the 3897–3900 area will be a crucial challenge. If the price is rejected here, we might witness a correction back to the lower trendline before gold continues towards the larger target of 4000 USD. This is my personal view on XAUUSD. Please manage risks carefully and stay updated with the latest scenarios.
OANDA:XAUUSDLong
by LiamTradingFX
SHALBY Price ActionShalby Limited (SHALBY) is currently in a strong uptrend, closing today at ₹264.85 with a gain of about 6.64%. The stock has traded between ₹250.05 and ₹266.60, showing high momentum and robust volume, indicating strong buying interest. Price action reveals that SHALBY is trading well above both its 50-day average (~₹214.55) and 200-day average (~₹205.60), confirming the bullish trend. The stock is nearing its 52-week high of ₹282.30, which represents a critical resistance level to watch. Immediate support levels are around ₹250, providing a cushion against potential short-term corrections. Technical indicators suggest the stock is in an overbought zone, so while the momentum is positive, some consolidation or profit-taking may occur near resistance. Overall, the price action signals continued strength and bullish sentiment, with potential for further upside if the stock breaks above the 52-week high on strong volume.
NSE:SHALBYLong
by KamalKJoshi
JKPAPER Price ActionJK Paper Limited (JKPAPER) closed today at ₹385.50, up 3.34% from the previous close of ₹373.05. The stock traded between ₹372.60 and ₹392.95, showing solid buying momentum and trading above its 50-day average of about ₹374, and 200-day average near ₹359. Technically, JKPAPER is in a moderate uptrend with positive momentum, supported by strong volume and close above short-term averages. The stock faces near-term resistance around ₹395, with strong support around ₹370. Momentum indicators suggest continued bullish bias but overbought conditions could lead to temporary consolidations. Fundamentally, JK Paper benefits from steady demand in the paper and packaging sector along with improving operational efficiency. The company reported stable revenue growth and improving margins recently, supporting positive sentiment. The medium-term outlook looks constructive if the stock sustains above support and breaks resistance decisively.
NSE:JKPAPERLong
by KamalKJoshi
BANKINDIA Pyramid set upBank of India (BANKINDIA) closed today at ₹123.35, up 3.79% from the previous close of ₹118.85. The stock traded in a range between ₹118.90 and ₹123.85 on strong volume, showing renewed buying interest. It is trading above its 50-day moving average (~₹114.67) and 200-day moving average (~₹110.67), indicating bullish momentum. Technically, the stock is in an uptrend with immediate support at ₹119 and resistance around ₹130, the recent 52-week high. Momentum indicators like RSI suggest moderate strength, with room to move higher before overbought conditions. The price action is supported by a solid market cap and improving financials, aligning with positive sentiment in the banking sector. Overall, Bank of India shows a robust short to medium-term outlook, with potential for further gains if it sustains above current support and builds upon buying momentum. Watch for any breakouts above ₹130 for acceleration, or a dip below ₹119 that may trigger some consolidation.
NSE:BANKINDIALong
by KamalKJoshi
SINDHUTRAD Price ActionSindhu Trade Links Ltd (SINDHUTRAD) closed today at ₹28.25, registering a gain of 4.4%. The stock traded between ₹26.62 and ₹29.38 during the session, with an opening at ₹27.40. Trading volume was strong, showing 6.2 million shares exchanged, above its average daily volume. SINDHUTRAD is currently in an upward trajectory, outperforming its 50-day and 200-day averages, which stand at ₹26.29 and ₹22.36 respectively. The price is still some distance below its 52-week high of ₹39.29 but has rebounded significantly from a low of ₹13.00 this year. Technically, momentum is positive and short-term bullish, supported by higher trading turnover and sentiment. On the valuation front, the current price-to-earnings ratio is 235.4, indicating aggressive pricing and high expectations for future growth, but it is also a warning for possible volatility if earnings do not improve. Market capitalization stands at ₹4,356 crore. Immediate support is observed near ₹26, while resistance is at ₹29.50, today’s high. Sustained moves above resistance could trigger further upside, while a reversal below support may lead to consolidation or profit booking. Overall, the trend remains favorable, with upward bias, as long as price holds above key support zones.
NSE:SINDHUTRADLong
by KamalKJoshi
NATIONALUM Price ActionNational Aluminium Company Ltd (NATIONALUM) closed today at ₹213.87. The stock rallied strongly, rising nearly 5% during the session and trading in a range between ₹204.20 and ₹215.40. Today’s large volume signals solid investor participation and bullish momentum, while the price sits near the upper end of the daily band. Technically, NATIONALUM remains in a clear short-term uptrend, outperforming its sector with recent moving average crossovers strengthening the bullish case. The key support is now located near ₹204, which was today’s low, and resistance lies at ₹224—the stock’s upper circuit limit. Momentum indicators are in positive territory, reflecting strong buying interest, but short-term traders should be aware that overbought readings could invite some consolidation or profit booking. On the fundamental side, the company’s financials show robust quarterly revenue and profit growth, with strong operating margins and minimal debt. As a major aluminum producer, NATIONALUM benefits from stable commodity prices and high export demand. Overall sentiment is upbeat, suggesting potential for further gains if market conditions remain supportive and the company sustains its operational efficiency.
NSE:NATIONALUMLong
by KamalKJoshi
Sensex Structure Analysis & Trade Plan: 1st OctoberThe market is firmly in a strong bearish trend, but the close at a pivotal support suggests extreme volatility today due to the RBI MPC outcome. Detailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The Sensex is in an accelerated corrective phase, trading within a steep descending channel. The price is positioned right on the strong macro demand zone of 80,200 - 80,400. This area is a key Bullish Order Block (OB) and the base of the previous significant rally. The recent candle shows a pullback, followed by consolidation at this level. Key Levels: Major Supply (Resistance): 81,000 - 81,200. This area is the key overhead resistance, aligned with the upper boundary of the descending channel and a short-term FVG (Fair Value Gap). Major Demand (Support): 80,200 - 80,400. This is the crucial "line in the sand." A sustained breakdown below 80,200 would trigger a deeper correction toward 79,500 - 79,700. Outlook: The market is at an inflection point ahead of the RBI MPC outcome. A failure to hold this support is likely to lead to aggressive selling. 1-Hour Chart (Intermediate View) Structure: The 1H chart is strongly bearish, confined to a descending channel. The market is consolidating right at the 80,400 support, with the price action forming a tight range. This suggests indecision as the market awaits the major news event. Key Levels: Immediate Resistance: 80,800 (The recent swing high and short-term FVG). Immediate Support: 80,200. 15-Minute Chart (Intraday View) Structure: The 15M chart shows tight consolidation. Price action on Tuesday was mostly sideways, characterized by small wicks and overlapping candles. The presence of Sell-side Liquidity below the recent lows suggests the market may attempt to sweep this level before any move up. Key Levels: Intraday Supply: 80,600. This is the immediate consolidation resistance. Intraday Demand: 80,200 - 80,300. The crucial support zone. Outlook: Neutral, highly sensitive to the RBI announcement. Trade Plan (Wednesday, 1st October) Market Outlook: Extreme caution is advised due to the RBI MPC outcome at 10 AM IST. The market's move today will be largely event-driven. The plan should be reactive to the post-announcement volatility. Bearish Scenario (Primary Plan) Justification: The continuation of the steep bearish trend, likely triggered by a hawkish pause from the RBI or a sustained move below the support. Entry: Short entry on a decisive break and 15-minute candle close below 80,200. Stop Loss (SL): Place a stop loss above 80,400. Targets: T1: 80,000 (Psychological support). T2: 79,700 (Next major demand zone). Bullish Scenario (Counter-Trend/Reversal Plan) Justification: A strong short-covering rally, possibly triggered by a "dovish pause" or a surprise rate cut from the RBI. Trigger: A sustained move and close above the resistance at 80,800. Entry: Long entry on a confirmed 15-minute close above 80,800. Stop Loss (SL): Below 80,600. Targets: T1: 81,200 (Upper channel resistance). T2: 81,600 (Major supply zone). Key Levels for Observation: Immediate Decision Point: The 80,200 - 80,800 zone. Bearish Confirmation: A break and sustained move below 80,200. Bullish Confirmation: A recapture of the 80,800 level. Crucial Event: RBI MPC outcome at 10 AM IST. Trade small quantities or wait until the market absorbs the news. Line in the Sand: 80,200. Below this, sellers are in control.
BSE:SENSEXShort
by BhardwajVipin
Banknifty Structure Analysis & Trade Plan: 1st OctoberBank Nifty continued its short-term downtrend but managed to stabilize by closing in a tight, consolidating range. The market is now sitting directly beneath a critical resistance zone, and all eyes are on the RBI MPC outcome today. Detailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The Bank Nifty is in a sharp corrective phase, having broken the ascending channel and making lower highs and lower lows. The current price is right below the immediate resistance at 54,750 - 54,850. The strong red candle on the 4H chart indicates that the bears are dominating the longer timeframe structure. Key Levels: Major Supply (Resistance): 54,750 - 54,850. This area is a crucial overhead supply, aligning with the FVG (Fair Value Gap) and a prior horizontal swing high. Major Demand (Support): 54,250 - 54,400. This is the key "line in the sand" where the market has shown a strong tendency to reverse. A break below 54,250 would accelerate the decline toward 53,500. Outlook: The bearish pressure is intense, but the market is consolidating right near a key breakdown point. Volatility is expected due to the RBI announcement. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows the Bank Nifty trading in a tight, descending channel, with a clear structure of lower highs. Monday and Tuesday's price action formed a small flag/pennant consolidation pattern, typically seen before a continuation of the prior trend (down). Key Levels: Immediate Resistance: 54,750 (Upper trendline and the bottom of the previous FVG zone). Immediate Support: 54,450 (The low of the recent consolidation). 15-Minute Chart (Intraday View) Structure: The 15M chart shows a tight, sideways-to-upward consolidation on Tuesday, marked by a Market Structure Shift (MSS) on the upside on the intraday scale. This small recovery suggests the market is attempting a technical bounce. Key Levels: Intraday Supply: 54,750 - 54,850. Breaking this zone will lead to a sharp move. Intraday Demand: 54,500. The immediate support level. Outlook: Neutral, awaiting the breakout. Trade Plan (Wednesday, 1st October) Market Outlook: The market is expected to be highly volatile due to the RBI MPC outcome scheduled for today. The plan must focus on exploiting the directional move that follows the announcement. Bullish Scenario (Bounce/Reversal Plan) Justification: A sustained move above the overhead resistance, likely triggered by a "dovish" stance or rate cut from the RBI. Entry: Long entry on a decisive break and 15-minute candle close above 54,850 (breaking the FVG and Order Block). Stop Loss (SL): Below 54,600. Targets: T1: 55,000 (Psychological resistance). T2: 55,250 (Previous swing low/resistance). T3: 55,400 (Upper channel resistance). Bearish Scenario (Continuation Plan) Justification: The continuation of the strong bearish trend, possibly due to a hawkish pause from the RBI or weak global cues. Entry: Short entry on a decisive break and 15-minute candle close below 54,450. Stop Loss (SL): Place a stop loss above 54,650. Targets: T1: 54,250 (Major support zone). T2: 53,750 - 53,500 (Next major demand zone). Key Levels for Observation: Immediate Decision Point: The 54,450 - 54,850 zone. Bearish Confirmation: A break and sustained move below 54,450. Bullish Confirmation: A recapture of the 54,850 level. Crucial Event: RBI MPC outcome. Trade small quantities or wait until the volatility subsides after the announcement. Line in the Sand: 54,250.
NSE:BANKNIFTYShort
by BhardwajVipin
Nifty Structure Analysis & Trade Plan: 1st OctoberNifty has continued to be dominated by bears, extending its losing streak for an eighth consecutive session. The index is holding barely above its most critical near-term support. Detailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The Nifty is firmly in a deep corrective phase, trading within a steep descending channel. The index is positioned right on the crucial 24,600 - 24,700 macro demand zone, which must hold to prevent a major breakdown. The failure to find a strong bounce on Monday and Tuesday confirms the strength of the bearish momentum. Key Levels: Major Supply (Resistance): 24,800 - 24,900. This area, which includes a prior FVG (Fair Value Gap), is the immediate overhead resistance. Major Demand (Support): 24,600. This is the key "line in the sand." A decisive break below 24,600 would signal a deeper correction toward the next significant support at 24,400. Outlook: The market is at an inflection point ahead of the RBI policy outcome (scheduled for Wednesday, October 1). The extreme selling pressure may lead to volatility, but the overall trend remains "sell on rise." 1-Hour Chart (Intermediate View) Structure: The 1H chart is strongly bearish, with price action confined to a descending channel. The market is consolidating at the very bottom of the channel and the horizontal support, indicating a strong defense by bulls but limited recovery power. Key Levels: Immediate Resistance: The upper trendline of the descending channel, near 24,750. Immediate Support: 24,600. 15-Minute Chart (Intraday View) Structure: The 15M chart shows clear consolidation in a tight range, characterized by a series of BOS (Break of Structure) to the downside, followed by weak, shallow pullbacks. The index is testing the lower boundaries of the range. Key Levels: Intraday Supply: 24,700 - 24,750. This area is the immediate high of the recent consolidation. Intraday Demand: 24,600. The crucial support for the open. Outlook: The primary direction is still bearish. The strategy will be to play the move out of the tight range. Trade Plan (Wednesday, 1st October) Market Outlook: Caution is advised due to the RBI Monetary Policy Committee (MPC) outcome scheduled for today. Expect high volatility, especially around the announcement. The plan focuses on the break of the immediate range. Bearish Scenario (Primary Plan) Justification: The continuation of the strong bearish trend and a decisive break of the macro support. Entry: Short entry on a decisive break and 15-minute candle close below 24,600. Stop Loss (SL): Place a stop loss above 24,700. Targets: T1: 24,500 (Psychological support). T2: 24,400 (Next major demand zone / 200-day EMA support). Bullish Scenario (Counter-Trend/Reversal Plan) Justification: A short-covering rally, possibly triggered by a "dovish pause" in the RBI policy or positive global cues. Trigger: A sustained move and close above the immediate resistance at 24,750. Entry: Long entry on a confirmed 15-minute close above 24,750. Stop Loss (SL): Below 24,650. Targets: T1: 24,850 (Upper channel resistance). T2: 25,000 (Psychological resistance). Key Levels for Observation: Immediate Decision Point: The 24,600 - 24,750 zone. Bearish Confirmation: A break and sustained move below 24,600. Bullish Confirmation: A recapture of the 24,750 level. Crucial Event: RBI MPC outcome. Volatility is expected to peak around the announcement. Line in the Sand: 24,600. Below this, the sellers are in full control.
NSE:NIFTYShort
by BhardwajVipin
PRAENG Pyramid Set upPrajay Engineers Syndicate Ltd (PRAENG) traded mildly positive today, with prices fluctuating within a narrow range around ₹20. The stock continues its recovery from recent lows, showing incremental gains over the past few sessions. Short-term technical indicators suggest the price is trading above its 20-day moving average, signaling some regained bullish momentum, but the overall trend remains sideways. Momentum signals such as RSI are moderately positioned, indicating neither strong buying nor oversold conditions. Volume is stable but not exceptionally high, which points to limited participation and tempered volatility. Support for PRAENG is near ₹18, reflecting the base built over the last month; resistance appears at ₹22, where previous rallies have stalled. Fundamentally, the company has delivered modest improvement in sales and managed to reduce operational losses recently, but overall business and industry headwinds persist. The medium-term outlook stays neutral, with further upside possible if the stock can close above the ₹22 resistance zone on higher volume. Conversely, a drop below support may trigger another leg down in price.
NSE:PRAENGLong
by KamalKJoshi
TCS – Bearish Outlook Intact, But a Wave B Bounce in Play?Chart Structure (Weekly) TCS has been locked in a corrective decline since the 4592.25 peak. The latest fall into the historical support cluster (near 3056–2890) completed a five-wave structure within wave A. From here, a bounce toward wave B is possible, with resistance around 3350–3600. Bullish trigger: RSI shows a bullish divergence (price made a lower low, RSI made a higher low). Upside potential: A move towards the 3350 resistance zone. Downside risk: If support fails, the next major level sits near 2292 — aligning with a larger wave C. So the long-term outlook remains bearish, but a short-term bounce looks probable. Fundamental Headwind Adding to the technical picture, the looming H1-B visa fee hike is a structural negative for Indian IT companies. TCS, Infosys, and peers with heavy US revenue exposure could see margin pressure in the quarters ahead. This reinforces the larger bearish bias, making any bounce counter-trend in nature. Illustrative Option Play – Bull Call Spread For those looking to play the short-term bounce while limiting risk, one way is to structure a bull call spread: Buy 3000 CE (Oct Expiry) at ₹42.1 Sell 3040 CE (Oct Expiry) at ₹31.25 Lot size: 175 Net Cost: ₹1,899 Max Profit: ₹5,101 (~26%) Max Loss: ₹1,899 (~10%) Breakeven: 3011(4%) Reward/Risk: 2.7 (Note: Prices are as of EoB 29th September 2025. This is only an example to demonstrate risk-managed structures. Not a trade recommendation.) Summary Long-term: Bearish, with risk of a wave C drop toward 2292. Short-term: Bounce into wave B likely, targeting 3350–3600. Strategy: A bull call spread provides a clean, limited-risk way to play this bounce, while respecting the larger bearish setup. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:TCS
by WaveXplorer
BTC Long Setup – Black Line Reclaim & Demand Zone BounceBTC reached the green demand zone after the decline from 116,700. Price stabilized near the black trend line (~112,000) – key bullish reclaim trigger. Trade Details (Educational) Entry (Long): Near black trend line (~112,000) after confirmation of demand. Stop Loss: Below green demand zone (~111,100). Targets: Recovery toward 113,900 → 114,300 supply zone. Takeaways 1️⃣ Clear reclaim or confirmation needed before switching bias. 2️⃣ Combining major demand zone with trend line reclaim can signal a high-probability long setup. 3️⃣ Structure-based reversals possible even after a downtrend. ⚠️ Educational content only – not financial advice.
by abhinav13singh13