Chart Patterns
LTTS : Near Key Support | Trend Continuation WatchTimeframe: Daily
Trend Context: Corrective phase nearing completion
Current Price Zone: ~4,380
🔍 Market Structure & Technical Observations
Elliott Wave Perspective (Educational View):
The stock appears to be completing a corrective Wave-C near the 4,360–4,390 zone.
This zone aligns with prior demand and acts as a potential reversal pocket.
If Wave-C holds, the next impulsive leg (Wave-5) can begin.
Moving Average Insight:
Price has pulled back toward the short-term moving average, often seen near corrective endings.
Sustaining above this base improves odds of a trend resumption.
Support & Risk Zone:
Critical support: 4,360–4,390
Invalidation level: Daily close below 4,290
A close below this would indicate deeper correction, not accumulation.
Volume Behavior (Contextual):
No panic volume seen during decline, suggesting controlled profit booking, not distribution.
🎯 Trade Strategies
🟢 1. Swing Trading Strategy (Cash / Positional)
Buy Zone: 4,360–4,420 (on stabilization / reversal candle)
Stop Loss: Daily close below 4,290
Upside Targets:
Target 1: 4,770–4,830 (Major supply / F&O target zone)
Target 2: 5,120 (Swing projection)
📌 This setup offers a favorable Risk–Reward if price respects the Wave-C base.
🟡 2. F&O / Options Strategy (Educational)
Prefer bull call spreads or call buying only after confirmation.
Ideal confirmation:
Strong close above 4,480–4,500
OR bullish structure on lower timeframe from support
Avoid aggressive naked calls below 4,360, as volatility expansion works both ways.
🎓 Educational Notes (Why This Zone Matters)
Corrections often end where:
Prior breakout occurred
Fibonacci retracement clusters
Market sentiment turns pessimistic
The 4,360–4,390 zone ticks multiple boxes → making it a decision zone, not blind buy.
⚠️ Risk Management Guidelines
Do not average blindly below support.
Size positions assuming stop loss will be hit.
Options traders must factor in time decay — direction alone is not enough.
🧾 Summary & Conclusion
LTTS is currently at a make-or-break zone.
If the 4,360–4,390 support holds, the stock has the potential to resume its primary uptrend toward 4,830 and 5,120 in the coming weeks.
Failure to hold 4,290 on daily closing basis invalidates the bullish structure.
Disclaimer:
This analysis is for educational purposes only. I am not a SEBI registered analyst.
Markets are uncertain, and I may be wrong — please manage risk responsibly.
#NIFTY Intraday Support and Resistance Levels - 02/01/2026A gap-up opening is expected in Nifty 50, with prices opening near 26,140, indicating stability and continuation of the existing range. Despite the positive opening bias, there are no major changes in yesterday’s levels, suggesting that the index is still trading within a well-defined consolidation zone. The market remains balanced, and a clear breakout or breakdown is required for strong directional momentum.
On the upside, 26,250 continues to act as a crucial resistance level. A sustained move and hold above this zone can trigger fresh long positions, with upside targets placed at 26,350, 26,400, and 26,450+. Additionally, intraday buying interest can be considered near 26,050–26,100 if the index shows strength, aiming for 26,150, 26,200, and 26,250+.
On the downside, rejection from the 26,200–26,250 zone may lead to a short-term reversal move. In such a scenario, short trades can be considered with downside targets at 26,150, 26,100, and 26,000. As long as Nifty remains within this range, traders should focus on level-based trades, maintain strict risk management, and avoid aggressive positions until a decisive breakout confirms the next trend.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/01/2026)A gap-up opening is expected in Bank Nifty, reflecting continued bullish sentiment after the recent strong upside move and consolidation near higher levels. The index is currently trading around 59,700, which places it above key intraday support zones and keeps the overall bias positive as long as these levels are defended.
On the bullish side, 59,550–59,600 remains an important support zone. If Bank Nifty sustains above this range, buying can be considered with upside targets at 59,750, 59,850, and 59,950+. A decisive breakout above 60,050 will be a major strength signal and can open the path for a further rally toward 60,250, 60,350, and 60,450+, indicating trend continuation.
On the bearish side, any rejection or breakdown below 59,450–59,400 may invite short-term profit booking. In that case, selling positions can be considered with downside targets at 59,250, 59,150, and 59,050. Overall, the structure remains bullish, and traders should prefer buy-on-dips near support levels while keeping strict stop-losses, as volatility can increase after a gap-up opening.
BPCL : Trading the Confluence of Price Action & Macro TailwindsThe stock has been consolidating within a defined range over the past few weeks and has recently started forming a solid base. While the breakout volume isn’t a classic “God-candle,” price action continues to hold firmly above key moving averages, which is a constructive sign. That said, the price is somewhat extended from the EMAs, increasing the probability of a mean-reversion move. Hence, the stop loss needs to be placed wider rather than just below the basing structure.
The conviction behind this trade comes largely from the current Goldilocks macro environment we’re witnessing in early 2026. With global crude prices remaining comfortably low, BPCL is benefiting from strong marketing margins across petrol and diesel, supporting near-term earnings visibility.
On the fundamental side, a major catalyst is the Government’s LPG compensation package. BPCL is expected to receive a significant share of the ₹30,000 crore payout allocated to OMCs, which materially improves cash flows in H2 FY26. This inflow also acts as a strong deleveraging trigger, further strengthening an already improving balance sheet that has seen a steady decline in debt-equity levels over recent quarters.
So took this position with 1% risk on the net capital.
📢📢📢
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Chumtrades XAUUSD Weekly Key Levels
Bias: Still favor BUY with the primary trend, watching for pullbacks to lower levels.
Support zones
4307 – 4300 (near-term support, key area to watch)
4260 – 4255 – 4250 (intermediate support)
4178 – 4168 (deep support, strong demand)
Resistance zones
4404 – 4413
4445 – 4465
4500 (ATH)
Weekly / Intraday scenario
Market is likely to trade in a range today.
Expected range:
Lower bound: 4300
Upper bound: 4513
👉 Overall strategy: Monitor price reaction at support zones, especially 4300 and below.
LTIMThis analysis is for educational purposes only. LTIMindtree (LTIM) stock trades within a defined channel, recently finding support at the lower boundary and reversing upward, now positioned above key moving averages including the 50-150-200. It also holds above the channel's support level, signaling a bullish trend with potential for further upside; always use a stop-loss to mitigate risk
Gold Trading Strategy for 02nd January 2026🟡 GOLD (XAUUSD) – 1 HOUR CANDLE STRATEGY ⏳
📈 BUY SETUP
🟢 Buy only if price breaks & 1-Hour candle CLOSES ABOVE:
➡️ 4374
🎯 Buy Targets:
🎯 4385
🎯 4396
🎯 4408
📌 Confirmation is mandatory: wait for full 1-hour candle close above 4374.
📉 SELL SETUP
🔴 Sell only if price breaks & 1-Hour candle CLOSES BELOW:
➡️ 4290
🎯 Sell Targets:
🎯 4277
🎯 4265
🎯 4253
📌 Confirmation is mandatory: wait for full 1-hour candle close below 4290.
⏰ TIME FRAME
🕒 1 Hour Candle (H1) ONLY
❌ Do not trade on lower timeframes for this setup.
⚠️ IMPORTANT NOTES
✅ Trade only after candle close, not on live movement
✅ Follow strict stop-loss & risk management
❌ Avoid over-trading
❌ No confirmation = No trade
⚠️ DISCLAIMER
📌 This analysis is for educational purposes only.
📌 Not a buy/sell recommendation.
📌 Gold trading involves high risk. Please consult your financial advisor before trading.
📌 You are fully responsible for your profits and losses.
one last push🏋🏻
Before we step down, domestic big money sees a window while most global markets are on holiday. Think of it like a child left home alone—they’ll try to clean up the mess by the time you return.
Local players are expected to dominate until tomorrow’s first session, with a strong chance of testing a triple top or nudging that level slightly. In the second half, global markets may bring the fire back into the room. Like the kid, attempts to “clean up” won’t fully succeed. Expect major manipulation—money moving between futures and cash, while quietly profiting through options in the background.
PolycabPolycab is looking good.
Key EMAs have aligned, a breakout from here may give a good upside move.
Keep it in your watchlist for paper trading.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
NIFTY : Trading levels and Plan for 02-Jan-2026(Timeframe: 15-min | Gap consideration: 100+ points)
Key Levels to Track (from chart)
Major Resistance Zone (Daily / ATH area): 26,336 – 26,386
Last Intraday Resistance: 26,288
Opening Resistance Zone: 26,160 – 26,182
Opening Support Zone: 26,089 – 26,098
Last Intraday Support: 26,023
Lower Support (Extreme): 25,945
🧠 Context: NIFTY is trading near an important daily resistance for potential new lifetime highs, hence reactions around resistance zones will be crucial. Expect volatility + traps.
🟢 1. GAP-UP OPENING (100+ Points)
If NIFTY opens above 26,182, it indicates bullish continuation attempt.
🎓 Educational Explanation:
Gap-up opens near higher-timeframe resistance often test buyer strength vs profit booking. Only sustained acceptance above resistance confirms continuation.
Plan of Action:
Avoid trading in first 10–15 minutes to let volatility settle.
Sustaining above 26,160–26,182 → bullish bias remains intact.
Fresh buying confirmation above 26,288 can push price toward 26,336–26,386.
Sharp rejection from 26,336+ zone may trigger intraday pullback.
Options traders: Prefer ATM / ITM Call buying or Bull Call Spread after retest & hold.
🟡 2. FLAT OPENING
If NIFTY opens between 26,100 – 26,160, market enters a balance / decision zone.
🎓 Educational Explanation:
Flat opens usually indicate indecision. Direction is confirmed only after range expansion. Patience is key to avoid whipsaws.
Plan of Action:
Holding above 26,160 keeps upside open toward 26,288.
Failure to cross 26,160–26,182 may result in sideways or pullback.
Breakdown below 26,089 increases probability of move toward 26,023.
Trade only after clear breakout / rejection with volume.
Options traders: Prefer non-directional strategies (Iron Fly / Short Strangle) if range persists.
🔴 3. GAP-DOWN OPENING (100+ Points)
If NIFTY opens below 26,089, early sentiment turns cautious.
🎓 Educational Explanation:
Gap-downs into support zones often see short covering or dip buying. Selling blindly near support increases reversal risk.
Plan of Action:
First support to watch: 26,089–26,098.
Break & acceptance below 26,089 → downside toward 26,023.
Failure to hold 26,023 may drag index to 25,945.
Strong bullish candles near supports may offer bounce trades.
Options traders: Prefer Put spreads instead of naked puts to control risk.
⚙️ Risk Management Tips for Options Trading 🛡️
Risk only 1–2% of capital per trade.
Avoid over-leveraging near all-time-high resistance zones.
Use time-based exits if premium stops moving for 15–20 minutes.
Book partial profits at resistance; don’t aim for extremes.
Avoid revenge trading on false breakouts.
Prefer ATM options or spreads over far OTM buying.
🧾 Summary & Conclusion
Above 26,182: Bulls stay active toward 26,288 → 26,336–26,386
Between 26,089–26,160: Market in balance → wait for confirmation
Below 26,089: Sellers gain control toward 26,023 → 25,945
Trade price reaction at levels, not emotions or headlines 🎯
Patience + discipline will matter more than aggression on such levels.
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is strictly for educational purposes only. Trading in markets involves risk. Please consult your financial advisor before taking any trade.
Nifty Important LevelsNifty50
Overall structure is bullish, we may see a good move if Nifty breaks 26236 with a strong candle. First 30min candle will decide the move.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
XAUUSD/GOLD 1H SELL LIMIT PROJECTION 01.01.26This is XAUUSD – Gold – on the 1-hour timeframe.
The market is clearly in a downtrend,
forming lower highs and lower lows.
Price is currently in a pullback phase within the trend.
This pullback is moving into a strong confluence zone —
the descending trendline combined with a fair value gap.
This area acts as a high-probability sell zone.
Sell limit area:
4330 to 4340.
Here, we expect a short-term bullish move to trap buyers,
followed by a strong rejection and continuation to the downside.
Stop loss:
4353 — a clear invalidation of the setup.
Target one:
4300 — a short-term support level.
Target two:
4278 — a strong demand zone and trend continuation target.
This is a pullback sell strategy.
Trade with the trend, not against it.
No emotions.
No overtrading.
Only structure, discipline, and patience.
Market Price Behavior and Technical contextHere’s a chart analysis of BSE Ltd for educational purposes:
• The company exhibits strong historical earnings growth and a debt-free balance sheet.
• Valuation appears premium relative to sector averages, so investors may watch multiples closely.
• Technically, moving averages and indicators are mixed, indicating consolidation.
This is not a buy/sell recommendation — this is for study and practice of analysis only.
XAUUSD 4H Chart technical analysis 🔎 Quick View – XAUUSD 4H
Price: ~4320
Trend: Bearish channel intact
🧭 Scenario 1 – Pullback then dump (High Probability)
Price bounce karega: 4350–4380
Wahi se rejection milega
Sell zone: 4350–4380
SL: 4430
Targets:
4270
4200
4170
🧭 Scenario 2 – Direct Breakdown
Agar 4H close 4280 ke niche
Sell: 4270–4280
SL: 4340
Targets: 4200 → 4170 → 4100
❗ Important
Abhi jo bounce hoga wo trend reversal nahi, sirf liquidity grab hoga.
Real buy tabhi sochna jab 4170–4200 se strong bullish rejection mile.
Overall bias: SELL ONLY 📉
ITC symmetrical triangle breakout Price has broken down from a contracting structure.
Next major support sits near ₹358 (prior demand + structure support).
The recent wide-range candle + volume expansion suggests distribution, not a healthy pullback.
What to watch
A reaction near ₹358 is likely.
If price stabilizes with shrinking volume, a mean-reversion bounce is possible.
If selling pressure persists with volume, the trend shift confirms, and downside can extend.
Nifty 50 Price Structure Analysis [02/12/2025: Friday]Top-Down Nifty 50 Price Structure Analysis for 02nd of December 2026. The day is Friday.
(1) Monthly Time Frame:
It is the first day of the month. The candle has so far no body formation. The candle is inside the previous month's black paper umbrella or hanging man. The market is flat. There's no price action clarity. Major resistance is 26200. Major support is 26000. The view is indecision.
(2) Weekly Time Frame:
Price is in the same choppy and sideways range. The present week's candle is bullish with a longer lower wick and a smaller upper wick. The previous week's candle is engulfed by this week's candle so far. Major resistance is 26200. Weak support is 26100. Major support is 26000. The view is indecision to bullish.
(3) Daily Time Frame:
Today's candle is a perfect black spinning top. It means today's intraday session was indecisive and choppy. Bulls are trapped near 26200, and bears are trapped near 26100. Price gave a closing above the previous day's closing price. Bullishness is still intact. Major resistance is 26200. First support is 26100. Final bullish support is 26000. The view is indecision to bullish.
(4) 30-Minute Time Frame:
The intraday session is choppy and sideways. Considering the price structure of 2 days, the price has formed a pole and flag pattern. If the price gives a breakout above the level 26200, then bullish continuation will be confirmed. The potential supports are - 26100, 26050, and 26000. The view is indecision to bullish.
Bullish Scenario Set-Up:
(i) Price sustains above the opening price.
(ii) Price must show sustainability above level 26150 for a longer duration (more than 1-2 hours) and show a sign of breaking out level 26200.
(iii) Price starts to trade above the level 26200. In this case, previous ATH (26277.35) and level 26300 are possible targets.
Bearish Scenario Set-Up:
(i) Price sustains below the opening price.
(ii) If the price breaks down level 26100, then execute a sharp short trade till level 26050.
(iii) If price breaks below the level 26050, then execute a sharp short trade til the level 26000.
(iv) In case level 26000 is decisively breached, then execute a confident short trade. In this case, the bearish phase will activate.
No Trading Zone (NTZ): (26200 - 26100)
Event: No expiry on Friday. No high-impact event. However, the day is Friday (the last day of the week).
Summary of the Trading Plan (Hypothesis and Insights):
(i) The monthly TF bias is indecision.
(ii) The weekly TF bias is indecision to bullish.
(iii) The daily TF bias is indecision to bullish.
(iv) The 30-Minute TF bias is indecision to bullish.
(v) Establish intraday bias with respect to the opening price.
(vi) No Trading Zone (NTZ): (26200 - 26100). Bulls are trapped at 26200, and bears are trapped at 26100.
(vii) There is a higher probability of a bullish move. The bullish bias is intact. So, wait for bullish confirmation.
(viii) Execute bullish trade when price sustains above level 26150 for a long time (1-2 hours) and shows promise of breaking out above level 26200. Confident bullish trades are possible when the price decisively starts to trade above the level 26200.
(ix) In case, price starts to trade below the level 26100, then short trades can be executed with the first target of 26050. Furthermore, if the price starts to trade below the level 26100, then short trades can be executed with the target of 26000. Remember, these trades should be sharp and short-lived as bullishness will be intact till level 26000.
(x) Confident bearish trades are only possible when the price decisively breaks below level 26000.
(xi) Trade only when either a bullish/ bearish scenario is activated. Otherwise, don't trade. Remember, not trading is an extension of the trading activity. Be Responsible.
NOTE:
"Mark your points. Trade your points. Price is God. Anything can happen in the markets. Therefore, trade what you see, not what you believe."
Happy Trading!






















