Nifty50 Weekly Analysis - 8th Sep. 2025Weekly Analysis: #Nifty50
Date: 8th Sep. 2025
Recap: Last week we analyzed that Nifty could have a pull-back on the upside and there was high probability that it would be sold into.. Even with the great news of early GST reforms the market was sold into. We also discussed "what if" Trump directs FIIs to sell aggressively, well that is an indirect action now, as he is threatening the IT outsourcing sector in India.
Whats Ahead: 25,200 has been a strong resistance ever since we have been discussing, even before this rally of the recent few months. 24,400 is still a good support. The way DIIs have been supporting the market since last many months if that continues we could see the market stay side ways for a while.. But, if this support breaks along with a confirmation candle we will witness a sharp sell-off. As and when that happens I will not start buying immediately as I see more pain ahead in months to follow. This CY is going to be brutal.. Nothing new. We've had a good run for almost 5 years now (since 2020 Pandemic) so this is BAU (Business As Usual) where Big Players need an opportunity to buy cheap. Also since Wave 3 is usually the longest, Wave 4 is usually brutal.
Now I believe that people may start seeing the real threat of this Tariff-Tantrum. We need to understand that IT/ITES/BPO sector provides lively hood to millions of youth in India. If their lively hood is hampered the entire cycle of money gets disrupted. As the young professionals spend more on wants/desires than mid-age group. I was once part of the same group (and the same industry) for 12 years. So, i think I have some say in this matter.
Chart (Updated): There is a Descending Triangle being formed, for which the target on the lower side is 23,080. Similar to what we mentioned last week (22,900). So a 1,600-1,700 points drop has high probability within this month itself.
Mid/Long term view: Same.. More pain expected in next few moths.
#USDINR #DX: Ab toh kya hi kahey.. Rupee is at it's lowest.
#Gold - What a pleasant surprise. Broke out of symmetrical triangle and is now headed for 3,750-3,850 levels. I should have not sold my Gold ETF holding a few months back.. but what the hell.. we can't catch all the moves.
#CrudeOil No - No View for this week.
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⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only. I'm only sharing what I am doing or would do and using this platform only to publish my findings in a public domain for future reference of my past work and using this platform as a "Publicly available Personal Journal". I may or may not be invested in the above mentioned Asset/Equity/Indices etc... If I am then it would be mentioned above. You should consult a Licensed Financial Advisor before taking any decision (s). I am not SEBI Registered⚡️
Chart Patterns
SBI Life Insurance – Rising Channel Breakdown with RSI WeaknessThe stock completed a clear 5-wave impulse from ₹1,382.65 to ₹1,833.90 .
Since then, the structure has turned corrective, unfolding as a possible W–X–Y pattern.
Price action:
Price broke below the rising channel , signaling fading momentum.
Immediate support lies at ₹1,783 , followed by ₹1,720 , and a deeper level near ₹1,640 .
RSI observation:
RSI has been sliding inside a falling channel since May, confirming weakening strength.
Current reading is ~43.7, suggesting momentum is fading further.
Trade bias:
As long as price remains below ₹1,890 (stop-loss / invalidation), the structure favors further downside.
Breakdown continuation could lead toward the ₹1,640 zone, which aligns with the projected end of Wave Y.
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.
Shree Renuka Sugars Update (07 Sept 2025)CMP: ₹32.13
Recent Action: Huge spike in early Sept on massive volume (12.4M+)
Trend: Fresh momentum after long consolidation.
Moving Averages:
20 EMA: ₹31.00 → acting as immediate support
50 EMA: ₹30.21 → strong base
200 EMA: ₹30.00 → long-term floor
Stock is holding well above all key EMAs → bullish bias.
Chart Setup:
Stock gave a volume breakout above ₹30, tested ₹34, and is now consolidating.
Strong bullish candle recovery after dip → indicates demand zone around ₹31–30.
Volume:
Sudden spike in participation → confirms breakout was genuine, not random.
6
3. Trade Ideas
🔵 Swing Traders (Short-Term)
Buy Zone: ₹31.20–32.00
Target 1: ₹34
Target 2: ₹36+
Stoploss: ₹29.80
🟢 Positional Traders (Medium-Term)
Hold/Add: As long as ₹30 holds
Targets: ₹38 → ₹42
Stoploss: ₹28.50
⚠️ Risk note: A breakdown below ₹29 will weaken momentum and trap late buyers.
4. Community Takeaway
👉 “Renuka Sugars has finally woken up after months of sleeping. Breakout above ₹30 with heavy volumes is a game changer. This could be the start of a trend move if ₹30 support is respected.”
✅ Traders: Focus on ₹31 as key pivot.
✅ Investors: Accumulate gradually – sugar sector often moves in cycles, and this could be the early leg.
Nifty Auto Sector : A possible talk of the Town.The much talked sector of the Indian stock market is Automobile sector after the government slashed the GST rate from 28% to 18% for small cars and trimming effective tax on large engine SUVs.
Major gainer from the GST rate cuts were the companies dealing in passenger vehicles i.e. 4-wheeler & 2-wheeler.
1. Impact of rate cuts on Passenger Vehicles (2-wheelers)
a. Lower Price : India is a price sensitive market and the price cut will significantly boost the volumes as the entry level bikes and scooters will become affordable, a potential boost to the rural demand after a good monsoon this year.
b. Stock Makret reaction : HeroMoto Corp, Bajaj Auto and TVS Motors are the major beneficial of the GST reform. Analysts project mid to high sales growth in the 2-wheeler companies over the coming quarters as the sector will recover from the sluggish growth due to high inflation rate post-COVID .
c. Margin Expansion : Companies may pass most of the benefits to the consumers but could allow retention of a portion of the benefits, leading to improved Operating margins. Both demand boost and margin gains can be seen in premium models like Bajaj Pulsar, TVS Apache, Royal Enfield (Eicher Motors).
d. Impact on EV : EV scooters (Ola Electric, Ather, TVS iQube, Bajaj Chetak) already benefit from FAME-II subsidies. Now, with ICE two-wheelers getting cheaper, EV makers might face tighter price competition, but overall demand expansion will grow the entire category.
2. Impact of rate cuts on Passenger Vehicles (4-wheelers)
a. Price reduction fuels demand : GST cut on small cars, SUVs and large cars will reduce effective rate from 50%+ to around 40% making cars more affordable across segments, stimulating demand from middle class families as well as premium buyers.
b. Passenger Vehicles Boost : Maruti suzuki (small cars leader) is the biggest beneficiary as price sensitive buyers will return to showrooms. While M&M and Tata motors benefits from the SUVs, which remain the fastest growing category.
c. EV Four-Wheelers : GST cut makes ICE vehicles cheaper, but EVs (already taxed at just 5% GST) remain far cheaper on tax. Beneficiaries: Tata Motors (Nexon EV, Tigor EV), M&M (XUV400 EV, BE 6E, XEV 9E), Maruti (upcoming EVs).
3. Stocks and their YTD Returns
a. Hero Moto Corp (29.23%) : Dealing in 2-wheelers, the stock has giving good return and remain a hot stock as it had acquired 32.5% in Euler Motors, signaling entry into Electric 3-wheeler segment.
b. Bajaj Auto (4.18%) : Stock has delivered a Net profit of Rs. 2049 Crore (up~ 5.8%) while declaring a dividend too. The company has faces a potential "zero month" in August for EVs due to rare-earth magnet supply issues from China. Some brokerages remain neutral suggesting the stock is fully valued in the short term.
c. TVS Motors (46.78%) : Companies EV Expansion and its iQube saw 44% YoY growth. Company plans launching new EV Scooters and EV 3-wheelers.
d. Eicher Motors (36.47%) : Royal enfield recorded its highest quarter sale (~2.8 lakh units) and crossed 1 Million sales in FY25. Though, company will not be relaxed by the GST rate cuts as the premium Bikes (over 350 cc) will now be taxed 40% up from ~31%. Stock is creating new ATH high on the prospect of the Commercial vehicles as reduction of auto components costs by 7-8%. Better margins, improved volumes and healthy ROI in coming quarter, reinforces its growth outlook.
e. Maruti Suzuki (37%) : Maruti is the leading small car producers and will be the leading beneficial of the GST rate cut on small cars. The entry in the EV will also improve the company's portfolio and the upcoming festive season seeing the discounted rate of the GST may help boost the sales.
f. Tata Motors (-6.55%) : Company's outlook is mixed to cautiously optimistic, growth drivers include EV adoption and strong demand on the upcoming car models. Most analysts project modest upside in single digits.
g. Mahindra & Mahindra (19%) : Most beneficial of the GST rate as uniform rate of 40% across all SUVs, 18% on the small cars, 5% GST on tractor segment. The company has demonstrated impressive EV segment growth. The favorable GST reform, pent-up demand and strong booking will help company in good quarter numbers.
Indian Auto sector can be seen as a good sector to invest in for the upcoming quarter considering GST rate cuts, festive season demand and EV adoption.
POCL - Cup and Handle - LongThe price has formed a classic “cup and handle” pattern, breaking above the resistance zone near ₹1,050–₹1,200, which previously acted as a ceiling for over a year. This breakout is confirmed by strong volume, indicating robust buying interest.
The level of ₹1,012.90 is marked as support and potential stop loss (SL). A close below this level would invalidate the breakout, making it a logical point for risk management.
Based on the height of the cup and handle pattern (approx. ₹680 from base to breakout), the projected target is around ₹1,879.45, suggesting a potential 50%+ upside from the current breakout level.
Notice the rising volume bars during the breakout, which give confidence that this move is backed by real market strength, not just price manipulation.
Above ₹1,200, the setup favors long positions toward ₹1,870, following the classic chart breakout principles. Strict stop loss (SL) at ₹1,013 is advised to protect capital in case the breakout fails.
XAUUSD – Week 08/09 to 12/09, Focus on CPI & PPIXAUUSD – Week 08/09 to 12/09, Focus on CPI & PPI
Hello Traders,
Gold delivered a strong rally last week, consistently printing new highs on a daily basis. While this is not unusual, it has introduced caution in the market. Investor sentiment continues to lean heavily towards buying gold, underlining its importance as a safe-haven asset.
Fundamental Outlook
In the coming week, the release of US CPI and PPI data will be a key focus. These indicators will provide important insight into the financial health of the US economy and could directly influence the Fed’s decision on a potential rate cut in September.
Technical Perspective
Gold has already broken through the Fibonacci 1.618 level, with the next target aligning around the 2.618 extension near 3687.
Before reaching this zone, a mild correction at FVG (Fair Value Gap) areas cannot be ruled out.
For the long term, the zone around 3467 – 3475 is considered a strong buying region, supported by the confluence of FVG, Dibo, and Volume Profile.
Trading Strategies
Bullish Priority: Long positions remain favored. The 3467–3475 zone offers an attractive entry for longer-term buyers.
Bearish Condition: Short opportunities should only be considered if there is a confirmed reversal structure, with price breaking below 3510 or showing rejection signals near the 2.618 Fibonacci level.
Conclusion
For the upcoming week, gold remains a buy-on-dip market. Traders should closely monitor reactions at key levels, while staying flexible with short-term strategies as intraday updates unfold. Proper risk management remains crucial given the upcoming macroeconomic data releases.
NIFTY Weekly Analysis (8 Sep 2025 - 12 Sep 2025) OutlookThis week's analysis on NIFTY highlights both bullish and bearish scenarios based on price action and liquidity zones.
Weekly Chart View:
Nifty has given an upside move but still needs to cross the previous high of 25150 to turn strongly bullish.
Buying in small chunks can be planned, but overall sentiment for me remains slightly negative.
Last week's candle had no lower wick, which indicates liquidity is present below. Market might test levels near 24432.
A possible Doji candle formation this week: Opening/Closing near 24,850, high at 25,000, and low at 24,750.
15-Minute Chart View:
The pending upside gap at 24960 was filled on Thursday with a gap-up opening.
However, both Thursday and Friday saw gap-up openings followed by sell-offs, indicating negative sentiment.
Recovery came in the second half on Friday, but tomorrow's opening will be crucial.
Trading Plan:
If Nifty opens between 24750-24,850, wait for confirmation.
Break on the upside → Buy for targets 25000 → 25200.
If Nifty opens gap-up near 24950, be cautious. High chances market may try to fill the gap on the downside first.
Sell plan only if support breaks: Support at 24600-24650 is key.
A breakdown here could trigger a free fall towards 24000.
Nifty 50 - Daily Chart UpdateA harmonic structure (XABCD) is unfolding with both bullish recovery attempts and potential downside extension.
🔹 Pattern & Fibonacci Levels
XA: Fall from 25,800 → 24,150.
AB: Pullback to ~0.613 Fib retracement.
BC: Bounce to ~0.925 Fib (~24,500).
CD: Projection zones:
Upside target near 25,600 (1.487 extension).
Downside risk toward 23,800–23,500 (1.62 projection).
🔹 Key Zones
Resistance: 24,820 – 25,000, followed by 25,600.
Support: 24,400 initially, with deeper risk toward 23,800–23,500.
Current Price: 24,741 (+0.03%)
🔹 Momentum
RSI: At 49.21, hovering around neutral; shows indecision.
Volume: Spikes during recent swings suggest strong participation.
Moving averages: Trying to flatten out, signaling a possible reversal attempt.
📌 Trading View
Sustained close above 24,820–25,000 may trigger a rally toward 25,600.
Breakdown below 24,400 could accelerate fall to 23,800–23,500.
Neutral RSI suggests market awaiting a breakout direction.
#Nifty50 #TechnicalAnalysis #HarmonicPattern #TradingView #IndianMarkets
S&P BSE Sensex - Daily Chart UpdateA harmonic pattern (XABCD) is in play, with the index currently consolidating around 80,700–80,850 after a sharp decline.
🔹 Pattern & Fibonacci Levels
XA: Sharp drop from ~82,686 to ~79,419.
AB: Retracement near 0.569 Fib (~81,186).
BC: Pullback close to 0.983 Fib (~79,419 to ~80,851).
CD: Potential downside extension toward 77,200–75,800 (1.62 projection).
🔹 Key Zones
Resistance: 81,000 – 81,200 (B zone), followed by 82,600.
Support: 79,800 initially, with a deeper target near 77,200–75,800 if the pattern plays out.
Current Price: 80,710 (-0.01%)
🔹 Momentum
RSI: At 47.40, just below neutral, signaling cautious sentiment.
Moving Averages: Mixed alignment; short-term averages still weak, but price trying to hold above critical support.
📌 Trading View
Bearish bias continues if Sensex fails to sustain above 81,000.
Breakdown below 79,800 may accelerate fall toward 77,200 – 75,800.
Sustained strength above 81,200–81,500 could invalidate bearish setup and open upside toward 83,000–84,000.
#Sensex #TechnicalAnalysis #HarmonicPattern #TradingView #IndianStockMarket
Nifty IT Index – Daily Chart UpdateA potential harmonic pattern (XABCD) is forming with bearish continuation signals.
📊 Key Levels
Resistance: 35,300 – 35,450
Support: 34,100, next at 31,000 (2.24 extension)
Current Price: 34,635 (-1.44%)
📈 Indicators
RSI at 39.38 → bearish momentum
Moving averages trending down
📌 View
Below 34,100 → likely slide toward 32,000 – 31,000
Above 35,400 → relief rally possible toward 37,000 – 38,400
Varroc Engr cmp 602.10 by Weekly Chart view since listedVarroc Engr cmp 602.10 by Weekly Chart view since listed
- Support Zone at 520 to 560 Price Band
- Resistance Zone at 630 to 665 Price Band
- Breakout attempted from Falling Resistance Trendline
- Bullish Cup & Handle with neckline at Resistance Zone
- Bullish Rounding Bottoms also formed by Resistance Zone neckline
- Heavy Volumes based Breakout on Daily Chart after Support Zone testing retesting
Thomas Cook – Triangle Breakout SetupThomas Cook is forming a triangle breakout structure on the weekly chart. Price is consolidating near resistance around ₹183–₹188. A weekly close above ₹190 will confirm breakout strength. Safe entry is above ₹190, with positional upside targets aligning with Fibonacci extensions.
📌 Key Technical Highlights:
Pattern: Symmetrical Triangle Breakout
Entry Zone: ₹183–₹190
Safe Entry: Above ₹190 on weekly close
Resistance Zone: ₹188–₹197
Support: ₹171, ₹158, ₹143
🎯 Upside Target Levels:
Target 1: ₹197
Target 2: ₹215
Target 3: ₹224
Target 4: ₹231
Swing Targets: ₹245 – ₹249
All-Time High: ₹264 (major reversal level)
⚠️ Downside Risk Levels:
₹171
₹158
₹143
₹118 (strong base support)
📈 Strategy Outlook:
Positional traders should wait for a strong weekly breakout above ₹190 for confirmation. Sustaining above this level can trigger momentum toward ₹224–₹245. A close below ₹171 weakens the setup.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Do your own research before trading or investing.
Astral Ltd – Trendline Breakout & Upside TargetsAstral Ltd has broken out of a long-term falling trendline, indicating a potential shift from bearish to bullish momentum. Price is trading above the safe entry level of ₹1,453 and holding strong. Sustaining above ₹1,514 may confirm further upside targets.
📌 Key Technical Highlights:
Pattern: Downtrend Breakout
Safe Entry: Above ₹1,453
Stay Invested Above: ₹1,514
Resistance turned Support: ₹1,590
Volume strength will be key for confirmation
🎯 Upside Target Levels:
Target 1: ₹1,662
Target 2: ₹1,724
Target 3 (Reversal Zone): ₹1,770 – ₹1,812
Swing Target: ₹1,949
⚠️ Downside Risk Levels (if breakout fails):
₹1,411
₹1,369
₹1,316
₹1,234
📈 Strategy Outlook:
A positional buying opportunity emerges above the breakout zone. Traders may consider entering above ₹1,453 with a stop-loss below ₹1,411. Holding above ₹1,514 adds confidence for higher upside targets.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Do your own research before trading or investing.
ITC Ltd – Trade IdeaNSE:ITC
ITC Ltd – Trade Idea
Recommendation : BUY
Entry Level : Above ₹425+
Stop Loss : Below support zone of **₹480**
Target Levels : ₹460 / ₹500 / ₹530 / ₹570
---
**Technical Rationale* *
* ITC is forming a **Flag & Pole pattern**, a bullish continuation setup indicating potential for further upside once the consolidation ends.
* Sustaining above ₹425 will likely confirm the breakout, opening room for higher targets.
* Support is well-placed near ₹480; holding this level keeps the bullish momentum intact.
---
**Fundamental Snapshot**
* **P/E Ratio**: \~14.92 – attractive compared to FMCG peers, suggesting reasonable valuation.
* Diversified business model across Cigarettes, FMCG, Hotels, Paper & Agri.
* Strong balance sheet with robust cash flows and healthy dividend payout.
---
**Outlook**
The confluence of **bullish technical structure (flag & pole)** and **comfortable valuations** makes ITC a favorable candidate for **swing to positional trades**.
Risk is well-defined with support near ₹480, while upside potential remains strong toward ₹570 levels.
---
Thanks & Happy Trading
Disclaimer:
This idea is only for educational purposes,
Please Trade at your own RISK''
ICICI Bank at a Crucial Support Zone: Can Bulls Take Charge?ICICI Bank (₹1,402) is holding firm above the ₹1,380–1,400 support zone, a level that has sparked rebounds multiple times in the past.
✅ RSI back at 51 → momentum improving
✅ MACD showing bullish divergence → early reversal signal
⚡ Key hurdle: falling trendline resistance at ₹1,416
📈 Bullish setup: Sustaining above ₹1,400 and breaking ₹1,416 could fuel a rally toward ₹1,439–1,452.
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
Motherson Sumi Wiring - Double Bottom & Head & Shoulder PatternMotherson Sumi Wiring is looking for a 50% jump from current price. Following are the factors:
Technical Analysis:
1. On weekly time frame, it is making a Double Bottom Pattern
2. On Weekly time frame it is making a Head & Shoulder Pattern
3. A confluence point along with strong weekly candle will take this price upwards
Fundamental Analysis:
1. Strong player in harness wiring
2. Supplying in top 10 automobile models - auto sector is in strong uptrend
3. New factories - Haryana, Pune and Gujarat - already clocked 200cr from these green field projects
A must in your portfolio.
Keep following @Cleaneasycharts as we provide "Right Stocks at Right Time at Right Price"
Cheers!!
Exide Industries Stock Breakout Sideways ZoneExide Industries Trade above 50 EMA
Stock Price has completed Elliott wave ABC correction.
A momentum is visible on the chart so we can make an entry here.
So we can make an entry here at 412 and our stop loss here will be 370 and the first target will be 472 and the second target will be 535.
Do your analysis before entering into the trade.
XAU/USD Bullish Trade Setup Buy from POI Zone towards 3668TargetXAU/USD (Gold) – 1H Analysis
✅ Trend: The market is in a clear bullish trend with higher highs & higher lows. Price is trading above both EMA 70 (3,547) and EMA 200 (3,486), confirming strong upward momentum.
📌 Key Levels:
POI Buying Zone: 3,554 – 3,576 (strong support area)
Target Point: 3,668 – 3,669
Support Line: Still respected, adding confluence to the bullish setup.
📈 Strategies Applied:
Trend Following: Bullish as long as price stays above EMAs.
Support & Resistance: Buying zone aligns with strong support.
EMA Strategy: Price above EMAs = buy signal.
Price Action: Retest of POI zone before moving up.mm
🎯 Trade Idea:
Entry: Around 3,555 – 3,576 (buying zone)
Stop Loss: Below 3,547 (EMA 70 / zone invalidation)
Target: 3,668 – 3,670
⚡ Summary: Market remains bullish, correction into the POI zone is a good buying opportunity aiming for new highs.
COALINDIA – Double Bottom Breakout with MACD Strength!📊 Pattern & Explanation
COALINDIA has formed a double bottom pattern, which looks like a “W” on the chart. This occurs when price tests the same support level twice and holds strongly. It signals that buyers are defending that zone. Once the neckline (resistance above the bottoms) is crossed with momentum, it often leads to a strong upward move.
📈 Key Levels
Target: 402 – calculated from the breakout projection.
Stoploss: 384 – to limit downside risk.
📊 MACD Crossover
The MACD (Moving Average Convergence Divergence) is a momentum indicator. A positive crossover happens when the MACD line moves above the signal line, showing fresh buying strength and supporting the bullish breakout setup in COALINDIA.
💡 Why This Setup Matters
This setup combines price action (double bottom breakout) with momentum confirmation (positive MACD crossover). When support holds twice and momentum shifts upward, the chances of a sustained rally improve. Traders can use this confluence to trade with higher confidence, while managing risk with a clear target and stoploss.
Bearish Trade Setup for SOLUSDOverview:
This is a short position on SOLUSD, entering on the 1-hour chart with a well-defined risk-to-reward ratio. The trade is based on a downward trend confirmed by the price action and EMAs, making this a high-probability bearish scenario.
Key Levels and Indicators:
Entry Point: 186.6736
The entry is triggered when the price moves below the resistance level. This confirms the continuation of the downtrend.
Stop Loss: 202.2042
The stop loss is set above the most recent swing high to protect from any sudden price reversals. This level is designed to avoid a whipsaw and ensures the trade is kept within a reasonable risk range.
Target: 155.5356
The target is calculated based on a projected price movement in line with the current trend. Given the current market structure, this target provides an optimal reward-to-risk ratio.
Why is this a Bearish Setup?
Trend Confirmation:
The price has been consistently moving lower, showing strong bearish momentum. The EMAs (9 and 20) are also sloping downwards, reinforcing the likelihood of further downside movement.
Price Action:
The recent price action has formed lower highs and lower lows, a key indication of a strong downtrend.
EMA Alignment:
The 9-period EMA (188.6387) is below the 20-period EMA (192.3233), a classic bearish crossover that confirms the downward bias of the market.
Risk-to-Reward Setup:
The trade offers an excellent risk-to-reward ratio of approximately 1:3, which ensures that potential profits outweigh the risk taken on the trade.
Trade Management:
Entry Criteria: Enter the position when the price breaks below the support zone, ideally near the entry point.
Exit Strategy: Target is set at 155.5356, but keep an eye on the price action in case a trend reversal occurs before hitting the target. Always adjust the stop loss to lock in profits as the price moves in your favor.
Final Thoughts:
This is a well-structured bearish trade idea based on both technical analysis and price action. Always ensure that you follow proper risk management rules and adjust your stop loss or take profit levels based on market conditions.