Chart Patterns
AVL 1 Day View📅 Daily (1‑Day) Technical Levels – Aditya Vision Ltd
📌 Current Approx Price (Latest)
~₹474–₹483 range around current trading session (today’s intraday range seen) — price fluctuates in this band.
📊 Pivot / Reference
Pivot ~ ₹479–₹484 (central reference for bias — above = bullish, below = bearish).
🟩 Resistance Levels (Upside)
R1: ~ ₹484–₹485 – first upside barrier.
R2: ~ ₹489–₹492 – next target if momentum improves.
R3: ~ ₹495–₹500+ – higher resistance zone.
🔻 Support Levels (Downside)
S1: ~ ₹474–₹476 – immediate support.
S2: ~ ₹468–₹470 – intermediate support if S1 breaks.
S3: ~ ₹460–₹463 – deeper support zone.
📈 Interpretation (1‑Day View)
Bullish scenario:
✔️ Price holding above pivot ~₹480 strengthens short‑term bullish bias.
✔️ A break above ~₹490–₹492 can open up ~₹495–₹500+ region.
Bearish scenario:
❌ If price decisively drops below ~₹474–₹476, next supports ~₹468 and ~₹463 may be tested.
JK Tyre new high in a weak marketEvaluating Tyre companies for sometime now and JK and CEAT looks good with the RM basket coming down. Net of Rupee devaluation the impact looks positive. JK Tyre is forming what is akin to a C&H pattern, though its not your case of classic C&H ( took more than 65 weeks to form) . Seeing the auto sales number + lower RM basket, this looks like a case of possible upside.
AXISBANK 40% upside possibility in 1-1.5 YearsAXISBANK 40% upside possibility in 1-1.5 Years
Fundamentals - Company has delivered good profit growth of 72.2% CAGR over last 5 years - Best among all Private banks.
Technical - Stock breaking from ATH backed with excellent Results.
LTP - 1325
Targets - 1850+
Timeframe - 1-1.5 Years.
Happy Investing.
APTPACK 1 Week View 📊 Short-Term (1-Week) Price Snapshot
Recent trading range (indicative): ~₹98 – ₹105+.
Current / recent price levels are near ₹100–103 on BSE.
Over the last week, price has shown small fluctuations around this zone.
Note: Actual real-time intra-week chart data isn’t available here, so these bands are inferred from resistance/support indicators and quoted prices.
📈 Key Technical Levels (Short-Term)
🔹 Resistance Levels
Resistance zones are price points where selling pressure could emerge:
R1: ~₹106.00
R2: ~₹110.85
R3: ~₹113.70
These are common pivot-based resistance bandings seen on short-term technical references.
👉 A close above these areas with volume could indicate bullish momentum.
🔻 Support Levels
Support marks areas where buyers might defend price:
S1: ~₹98.30
S2: ~₹95.45
S3: ~₹90.60
These are derived from short-term support pivots around the ₹100 region.
👉 Breaks below these levels on strong volume could signal further weakness.
📉 Short-Term Trend Cues
Moving Averages (Short Window): 20-day EMA/SMA are around ~₹101–102, near current price — indicating consolidation in the near term.
Volatility: Given relatively modest moves week-to-week, the stock seems range-bound unless it breaks key resistances (~106+) or supports (~98−).
🧠 What This Means for 1-Week Trading
Bullish Scenario:
Price holds above ₹100–101 (near short EMA/SMA cross)
Break above ₹106 could open room for short squeeze toward ₹110–113 range
Bearish Scenario:
Weakness under ₹98 might see a slide toward ₹95–90 support cluster
Risk increases on lower delivery/volume and lack of strong buying
Neutral/Range:
With price stuck near pivot zone and short moving averages overlapping, this looks like a range-bound stock for the week until significant catalyst or volume confirms breakouts.
Three White Soldiers Pattern Gold Buy Projection 27.01.26🔍 Technical Breakdown
Market Structure:
Overall structure remains bullish. Price already broke the neckline and a successful retest is completed, confirming continuation bias.
Retracement Zone:
Price has completed a 50% Fibonacci retracement, which is a high-probability buy zone in an uptrend.
Candlestick Confirmation:
Formation of Three White Soldiers indicates strong bullish momentum returning after the pullback.
📍 Key Levels
Entry for Buy:
Near 5065 – 5070 (Support + Retest zone)
Support Levels:
Support: ~5070
Support S1: ~5050
Targets / Resistance:
R1 / Target Zone: 5095 – 5105
Further upside possible if R1 breaks with volume
🎯 Trade Idea (Projection)
Bias: BUY on dips
Logic:
✔ Break & retest confirmed
✔ 50% retracement respected
✔ Bullish candle pattern
✔ Strong rejection from support
⚠️ Risk Note
If price sustains below 5050, bullish projection may fail and consolidation / deeper correction is possible.
ALLDIGI 1 Month View📊 Current Price Context (Recent)
Last close around ₹770–₹800 range on NSE.
📈 Key 1-Month Support & Resistance Levels
Classic Pivot Levels (short-term focus)
(These are useful for intraday to swing trades within ~1 month)
R3 (Strong Resistance): ~₹785–₹846
R2: ~₹781–₹830
R1: ~₹777–₹803
Pivot: ~₹773–₹776
S1: ~₹769–₹748
S2: ~₹765–₹722
S3 (Strong Support): ~₹761–₹722
(Ranges reflect slightly different calculations from multiple sources)
In simple terms:
Near-term resistance: ₹780–₹845
Turnaround pivot zone: ₹770–₹775
Support zone: ₹722–₹770
📉 Moving Averages (Short-to-Medium Term)
Shorter and medium SMAs/EMAs tend to act as dynamic support/resistance over a month:
20-day MA: ~₹817–₹840 (above current price) — potential resistance zone.
50-day MA: ~₹838–₹842 — also overhead resistance.
100–200 day averages: significantly higher — longer-term trend resistance points.
This suggests the stock is trading below key moving averages, which can signal a bearish or consolidating phase short-term.
📊 Oscillators & Momentum Metres
RSI near neutral to slightly oversold/flat levels recently.
Some technical sources report mixed signals (neutral to bearish).
🧠 Short-Term Technical Take
Bullish scenario:
• Break above ₹785–₹803 and then ₹820–₹845 could open space toward February highs.
Bearish scenario:
• Failure at resistance and break below ₹760–₹748 may accelerate downward movement.
Neutral/consolidation:
• Likely continuation of rangekeeping between ₹722–₹845 until clearer directional momentum appears.
NIFTY | 15-Min Chart Update
Nifty is forming a descending triangle on the 15-minute timeframe.
Trendline acting as resistance, limiting upside attempts.
Key support placed near 24,971.
A decisive break below support may trigger further downside, while a breakout above the trendline could signal short-term recovery.
Watch for volume confirmation before taking trades.
Sensex/Gold Ratio Predicts the Cycle Bottom?The correlation coefficient between the Sensex index ( BSE:SENSEX ) and the MCX Gold Index ( FX_IDC:XAUINR ) is -0.077, suggesting that during market corrections, capital flows from risk assets (equity NSE:NIFTY ) to a safer haven, such as gold ( NSE:GOLDBEES ) .
Thus, this chart depicts the relative strength between these two asset classes. Since 1991, the chart has been swaying between 5 and 14 levels. The 14-level potential ends the dominance of equity over gold, starting a bear run. The 5-level potential ends the dominance of gold over equity, starting a bull run.
In the last 2 years, Gold has yielded 135% returns, whereas Sensex has given only 15% upside. With the current market correction, the ratio stands at 5.9, suggesting that we may have some more pain in the near term, but the bottom is not far.
I believe the index will complete its 10% correction from all time high before forming a bottom.
XAUUSD – Bullish continuation, ATH expansion activeGold continues to trade within a strong bullish channel, maintaining its ATH expansion structure. The recent pullback is corrective in nature and shows clear signs of liquidity absorption rather than distribution. On the macro side, sustained USD weakness, safe-haven flows, and a still-cautious Fed outlook keep gold supported at elevated levels.
➡️ This environment favors trend continuation, not top-picking.
Structure & Price Action
H1 structure remains bullish with Higher Highs and Higher Lows intact.
The recent drop has respected key demand zones and the ascending trendline.
No bearish CHoCH confirmed → downside moves remain corrective.
Price is rebalancing after an impulsive leg, preparing for the next expansion.
Key takeaway:
👉 Pullbacks are opportunities to position with the trend, not signs of reversal.
Trading Plan – MMF Style
Primary Scenario – BUY the Pullback
Focus on patience and structure confirmation.
BUY Zone 1: 5,045 – 5,020
(Rebalance area + intraday demand)
BUY Zone 2: 4,985 – 4,960
(Trendline confluence + deeper liquidity)
➡️ Only execute BUYs after bullish reaction (rejection wicks / structure hold).
➡️ Avoid chasing price at highs.
Upside Targets (ATH Extension):
TP1: 5,106
TP2: 5,198 (upper extension zone)
Alternative Scenario
If price holds firmly above 5,106 without a meaningful pullback, wait for a break & retest to join continuation BUYs.
Invalidation
A confirmed H1 close below 4,960 would weaken the bullish structure and require a reassessment.
Summary
Gold remains in a controlled ATH expansion phase. As long as structure and demand zones hold, the path of least resistance stays to the upside. The MMF approach remains unchanged: buy pullbacks, follow structure, and let the trend do the work.
Nifty50 analysis(27/1/2026)Expiry.CPR: wide + descending cpr: consolidation day.
FII: -4,113.38 Sold
DII: 4,102.56 bought.
Highest OI: 25000 both PE and CE
Resistance: In 4hour candle the resistance lies 20ma and 200ma.
Support : recent low 24900.
conclusion:
My pov:
1.market can be choppy today because of high oi on both side and cpr indicates wide cpr. check both 4hour and daily candle for 200ma line.
2.any timeframe once the 200ma is crossed price can retest 200ma or can be fake breakout. also take support from there. bigger timeframe it hard to break 200ma line support.
3.today if price broke below 24900 in a day candle trend continues.
psychology fact:
A lazy mind creates a miserable future; a hardworking mind creates destiny.
note:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
Disclaimer:
Iam not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
XAUUSD – Brian | H3 Technical AnalysisGold has officially broken above the 5,000 level for the first time, confirming a major structural shift on higher timeframes. The breakout reinforces the broader bullish narrative, with price now trading firmly in expansion mode rather than consolidation.
The move above 5,000 reflects sustained safe-haven demand amid elevated global uncertainty. While short-term volatility remains possible, the broader environment continues to favour gold as a defensive asset, supporting upside continuation scenarios.
Market Structure & Trend Context (H3)
On the H3 timeframe, XAUUSD remains well-contained within a rising price channel, with structure defined by higher highs and higher lows. The recent impulsive leg confirms continuation within the dominant trend rather than a terminal move.
Key structural observations from the chart:
Price is holding above the ascending trendline, which has acted as dynamic support throughout the advance.
A clean impulsive push above 5,000 followed by shallow pullbacks suggests strong buyer acceptance at higher prices.
The broader Elliott structure remains constructive, with price progressing through higher-wave extensions rather than showing signs of distribution.
Key Technical Zones to Monitor
Several important technical areas stand out:
5,000 – trendline retest zone: A potential area for price to stabilise if a technical pullback develops.
Strong liquidity zone around 4,787: A deeper support area where buy-side liquidity is concentrated, aligned with prior structure.
FVG zone below current price: Represents unfinished business in case volatility increases.
Upper resistance / extension zone near 5,315 (Fibonacci 1.618): A key upside reaction area where price may pause or consolidate before further expansion.
As long as price remains above the trendline and key liquidity supports, the bullish structure remains intact.
Liquidity & Forward Outlook
The breakout above 5,000 opens a new liquidity regime. With limited historical resistance overhead, price is now driven more by liquidity expansion and momentum than by traditional supply zones.
Short-term pullbacks should be viewed in the context of trend continuation rather than reversal, unless there is a clear breakdown in structure. Acceptance above 5,000 would further strengthen the case for continued upside toward higher Fibonacci extensions.
Trading Bias
Primary bias: Bullish continuation while structure holds
Key areas of interest:
Trendline / 5,000 retest zone
4,787 liquidity support
5,315 extension resistance
Preferred timeframe for confirmation: H1–H4
Strong trends rarely move in a straight line. Patience and alignment with structure remain critical in this phase of the market.
Refer to the accompanying chart for a detailed view of trend structure, liquidity zones, and Fibonacci extensions.
Follow the TradingView channel to get early access to structural updates and join the discussion.
NIFTY KEY LEVELS FOR 27.01.2026NIFTY KEY LEVELS FOR 27.01.2026
Timeframe: 3 Minutes
If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend.
When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance.
If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways
please like and share my idea if you find it helpful
📢 Disclaimer
I am not a SEBI-registered financial adviser.
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments.
Please consult with your SEBI-registered financial advisor before making any trading or investment decisions.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
#NIFTY Intraday Support and Resistance Levels - 27/01/2026A gap-up opening near the 25200 zone in Nifty indicates an attempt by the market to stabilize after recent selling pressure, but the broader structure still suggests a range-bound to weak undertone unless key resistance levels are decisively crossed. The gap-up itself is not a confirmation of trend reversal; instead, it places the index right at an important decision-making area, where both buyers and sellers are active. The initial 30 minutes of trade will be critical to judge whether the gap sustains or starts filling.
From a technical perspective, the 25250–25300 region is acting as a major intraday resistance. This zone has previously seen supply and rejection, which means any upside move without volume support may struggle here. A reversal long setup becomes valid only if Nifty sustains above 25250, with follow-through buying. In such a case, upside targets can be projected towards 25350, 25400, and 25450+, where partial profit booking is advisable due to overhead supply and previous breakdown levels.
On the downside, 25200–25150 is the immediate support band. Failure to hold above this level, especially if the gap starts getting filled, can invite fresh selling pressure. A breakdown below 25200 opens up a short-selling opportunity, with downside targets around 25100, 25050, and 25000. These levels are psychologically and technically important, and price reactions here should be watched closely for potential intraday bounces.
If selling momentum intensifies and Nifty breaks below 24950, it would signal continuation of the broader bearish structure. Below this level, the index may slide towards 24850, 24800, and 24750, where stronger demand zones are placed. These lower levels can act as temporary support, but trend reversal should only be considered after clear price confirmation and structure change.
Overall, the market is showing a gap-up within a corrective or consolidation phase, not a confirmed bullish trend yet. Traders should remain level-driven, avoid chasing the opening move, and wait for price acceptance above resistance or breakdown below support. Tight stop-losses, partial profit booking, and disciplined risk management are essential, as volatility and false breakouts are likely around the current zone.
#BANKNIFTY PE & CE Levels(27/01/2026)A gap-up opening is expected in Bank Nifty, indicating a positive start to the session after recent consolidation near lower support zones. However, despite the gap-up, the broader structure still suggests cautious bullishness rather than a strong trending move, as price remains below major higher-timeframe resistance levels. Early volatility can be expected as the market reacts to the gap, and the first 15–30 minutes will be crucial to understand whether the gap sustains or gets filled.
From a technical perspective, the 59050–59100 zone is acting as a key intraday resistance-cum-decision area. If Bank Nifty manages to sustain above 59050, it can trigger a short-term bullish continuation. In such a scenario, CE positions can be considered, with upside targets placed near 59250, followed by 59350 and 59450+. These levels coincide with previous breakdown areas and supply zones, so partial profit booking is advised as price approaches each target.
On the downside, 58950–58900 remains an important intraday support. Any failure to hold above this zone, especially if the gap starts filling, may invite fresh selling pressure. A rejection from resistance or sustained trading below 58950 can open the path for PE trades, with downside targets around 58750, 58650, and 58550. This makes the current zone a classic sell-on-rise area unless buyers show strong follow-through.
If Bank Nifty breaks below 58450, the structure will weaken further, indicating continuation of the broader downtrend. Below this level, bearish momentum may accelerate towards 58250, 58150, and 58050, where stronger demand is expected. These lower levels could act as temporary bounce zones, but trend reversal should only be considered after confirmation.
Overall, the market setup suggests a gap-up within a range-bound to mildly bearish structure. Traders should avoid aggressive positions at the open and instead wait for price confirmation above resistance or below support. Focus on level-based trading, disciplined stop losses, and partial profit booking, as intraday whipsaws are likely. A clear directional move will emerge only after Bank Nifty decisively breaks out of the current consolidation range.
Gold Trading Strategy for 27th January 2026🟡 GOLD INTRADAY TRADE SETUP (15-MIN TIMEFRAME)
📈 BUY SETUP (Bullish Scenario)
🟢 Buy only if price breaks and closes ABOVE the 15-minute candle high
🔹 Entry Condition:
➡️ Buy Above: 5088
➡️ 15-min candle must close above 5088
🎯 Targets:
🎯 Target 1: 5099 💰
🎯 Target 2: 5110 💰💰
🎯 Target 3: 5125 💰💰💰
📌 Explanation:
If Gold sustains above 5088, it indicates bullish strength and momentum continuation. Buyers are in control above this level.
📉 SELL SETUP (Bearish Scenario)
🔴 Sell only if price breaks and closes BELOW the 15-minute candle low
🔹 Entry Condition:
➡️ Sell Below: 4989
➡️ 15-min candle must close below 4989
🎯 Targets:
🎯 Target 1: 4975 💰
🎯 Target 2: 4963 💰💰
🎯 Target 3: 4950 💰💰💰
📌 Explanation:
A sustained move below 4989 confirms bearish pressure and possible downside continuation.
⚠️ IMPORTANT TRADING RULES
✔️ Trade only after candle close
✔️ Follow proper risk management
✔️ Avoid over-trading
✔️ Use stop-loss as per your risk appetite
⚠️ DISCLAIMER
📢 This trade setup is for educational and informational purposes only.
📉 Trading in Gold, commodities, or any financial market involves risk.
💸 Past performance is not indicative of future results.
🧠 Please consult your financial advisor before taking any trades.
🚫 I am not responsible for any profit or loss.
Gold Analysis & Trading Strategy | January 26-27✅ 4-Hour Chart (H4) Analysis
From the 4-hour timeframe, gold remains firmly within a strong bullish structure. Price continues to print higher highs and higher lows, confirming that the medium-term uptrend is still intact. The moving averages (MA5/MA10/MA20/MA60) are aligned in a clear bullish formation and expanding upward, which indicates sustained buying momentum and trend continuation rather than exhaustion.
At the same time, price is riding along the upper Bollinger Band, a typical characteristic of a strong trending market. Although gold is currently approaching the previous high near 5110 and facing short-term resistance, there are no clear reversal signals or topping patterns. The recent consolidation appears to be a healthy pause to digest gains and prepare for the next upward push.
As long as price holds above the key support zone around 5045–5020, the overall bullish structure remains valid, and pullbacks should be viewed as buying opportunities.
✅ 1-Hour Chart (H1) Analysis
On the 1-hour timeframe, gold has entered a tight high-level consolidation after the recent rally. Price is repeatedly testing the 5110 resistance while forming small candles and shallow retracements, showing that selling pressure is limited and buyers continue to absorb dips.
The short-term moving averages are flattening and slightly turning upward, with price holding steadily above the 5070–5080 support area. This behavior suggests accumulation rather than distribution. Structurally, this type of sideways movement near highs usually acts as a continuation pattern before a breakout.
Therefore, the short-term bias still favors the upside, and the probability of a breakout toward new highs remains higher unless price breaks below support decisively.
🔴 Resistance Levels
5095-5110
5130–5150
🟢 Support Levels
5070–5080
5045–5050
5015–5020
📌 Trading Strategy Reference
🔰 Strategy 1: Buy on Pullbacks (Primary Plan ✅)
📍 Entry: 5050-5060
🎯 TP1: 5100
🎯 TP2: 5115
🎯 TP3: 5130+
⛔ SL: Below 5045
Reason:
• H1 support + MA support
• Strong bullish H4 structure
• Better risk-to-reward ratio
🔰 Strategy 2: Breakout Buy (Momentum Plan)
📍 Entry: Break and hold above 5110–5115
🎯 TP1: 5130
🎯 TP2: 5150
⛔ SL: Below 5095
Reason:
• Break of previous high may trigger acceleration
• Potential for strong continuation move
🔰 Strategy 3: Short Setup (Only if structure breaks ❌)
Short positions are only considered if:
• Price breaks below 5045
• H4 structure turns weak
• Moving averages shift bearish
Otherwise, avoid counter-trend shorts.
✅ Summary
Gold remains in a clear bullish trend on both H4 and H1.
The current consolidation near highs is more likely a continuation pattern rather than a top.
👉 Preferred approach: Buy on pullbacks, not chase shorts.
👉 Watch for a potential breakout above 5110 for the next bullish leg.
NIFTY : Trading levels and Plan for 27-Jan-2026📘 NIFTY TRADING PLAN – 27 JAN 2026
⏱ Timeframe: 15-Min
📊 Gap Considered: 100+ Points
🎯 Approach: Trade only after price acceptance / rejection
🔼 GAP UP OPENING SCENARIO 🚀
If NIFTY opens with a strong gap-up, avoid emotional buying in the first few candles.
📍 Key Resistance Zone: 25,177 – 25,230
• This zone acted as supply earlier
• High probability of consolidation or rejection
🟢 Bullish Continuation Plan:
15-min candle closes above 25,230
Follow-up candle shows higher low
Targets → 25,300 → 25,347
🔴 Rejection / Pullback Plan:
Failure to sustain above 25,177
Expect retracement towards 25,081
🧠 Options Strategy:
• Bull Call Spread (ATM CE Buy + OTM CE Sell)
• Avoid naked CE buying near resistance
➡️ FLAT / RANGE OPENING SCENARIO ⚖️
Flat open indicates indecision and option decay opportunity.
🚧 NO TRADE ZONE: 25,109 – 25,177
• Whipsaw probability is high
• Directional trades only after breakout
🟢 Upside Plan:
Acceptance above 25,177
Targets → 25,230 → 25,300
🔴 Downside Plan:
Breakdown below 25,109
Drift towards 25,081
🧠 Options Strategy:
• Short Strangle / Iron Condor
• Only with strict SL on breakout
🔽 GAP DOWN OPENING SCENARIO 📉
Gap-down open tests buyer strength early.
🟢 Opening Support Zone: 25,029 – 25,081
• Buyers may attempt initial bounce
🟢 Bounce Confirmation:
Rejection wicks near support
Higher low on 15-min chart
Upside target → 25,109 → 25,177
🔴 Breakdown Scenario:
Sustained trade below 25,029
Next downside zone → 24,854 – 24,781
🧠 Options Strategy:
• Bear Put Spread if breakdown confirms
• Avoid panic selling near support
🛡 OPTIONS RISK MANAGEMENT TIPS
Never trade inside NO-TRADE ZONE
Prefer spreads over naked options
Risk max 1–2% capital per trade
Book partial profits near levels
One trade = one idea (no revenge trading)
📌 SUMMARY & CONCLUSION
• 25,109 – 25,177 is the key decision zone
• Directional move only after acceptance
• Gap days reward patience, not speed
• Let price confirm → then execute 📊
⚠️ DISCLAIMER
This analysis is for educational purposes only.
I am not a SEBI registered analyst.
Markets involve risk—trade responsibly.
Double Top Pattern🧭 Overview
A Double Top is a bearish reversal pattern that indicates a potential end to an uptrend and a shift toward a downward phase. It forms an “M”-shaped structure on the chart, marked by two consecutive peaks at nearly the same level, separated by a moderate pullback known as the neckline. The pattern is confirmed when price decisively breaks and closes below the neckline, signaling weakening buying strength and a change in market control.
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🔑 Key Components of a Double Top Pattern
1️⃣ First Peak
Price rallies strongly to a high, marking the end of an extended upward move. A pullback follows, indicating the first sign of resistance.
2️⃣ Trough / Neckline
After the first peak, price retraces to a support area and stabilizes. This level forms the neckline, which acts as a key decision zone.
3️⃣ Second Peak
Price attempts to rise again toward the previous high but fails to break above it. This failure reflects weakening buying momentum and growing selling pressure.
4️⃣ Breakdown (Confirmation)
The pattern is confirmed when price breaks and closes below the neckline, signaling a shift in trend direction.
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📊 Chart Explanation
Two prominent peaks form near the same price level, highlighting strong resistance.
The pullback between the peaks creates a clear neckline support.
The second peak shows reduced strength compared to the first.
A decisive breakdown below the neckline confirms the reversal and opens the path toward lower levels.
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📝 Summary
• Double Top forms after a strong uptrend.
• Failure at the second peak indicates buyer exhaustion.
• Neckline acts as a key confirmation level.
• Breakdown below the neckline validates the reversal structure.
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⚠️ Disclaimer
📘 For educational purposes only
🙅 Not SEBI registered
❌ Not a buy/sell recommendation
🧠 Shared purely for learning and pattern understanding
📊 Not Financial Advice
IBEX ltd analysisJAN-2025
1. has got good move and then time correction.
2. Volume is contracting.
3. good momentum score, Good durabilty score.
2. quaterly profit & revenue has increased.
3. EPS has increased.
4. Debt has gone down.has low debt
5. No change in institution holding.
i am managing my risk by stop loss of 6.6%






















