BHEL: Prospective InsightFollowing a recent retracement from a previously identified discount zone, the stock of Bharat Heavy Electricals Limited (BHEL) is exhibiting signs of potential bullish momentum. This outlook is supported by several technical indicators observed on the daily chart:
Fibonacci Retracement:
The stock has retraced to the 61.8% Fibonacci level from its recent swing high, a zone often regarded by technical analysts as a potential area of price support and reversal.
Exponential Moving Averages (EMAs):
Price action has moved above the 20-day, 50-day, 100-day, and 200-day EMAs, which may suggest strengthening bullish sentiment and a shift in medium- to long-term trend dynamics.
Golden Crossover Setup:
The shorter-term moving averages appear to be converging toward a golden crossover (typically when the 50-day EMA crosses above the 200-day EMA), a pattern that historically has been associated with bullish continuation, though confirmation is still pending.
Relative Strength Index (RSI):
The RSI has crossed above the 60 level, indicating increasing buying momentum. While not yet in overbought territory, this move may reflect growing investor interest.
Immediate Supply Zone:
Based on historical price action and volume profile, the stock may encounter resistance near the ₹250 level, with a stronger resistance band around ₹265 .
Support Zone:
Should the price face selling pressure, a potential support area lies near the 38.2% Fibonacci retracement level, approximately around ₹219 .
Disclaimer: This analysis is intended for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Market conditions can change rapidly, and traders should conduct their own due diligence or consult with a registered financial advisor before making any investment decisions.
Chart Patterns
ICICI Bank – Relief Rally into ResistanceAfter topping at ₹1500 , ICICI Bank has corrected over 10% into late September, carving out a clear W–X–Y corrective structure. The recent bounce from oversold RSI levels was expected, but price is now heading straight into the crucial resistance band near ₹1384 .
A bearish reaction here would validate the ongoing correction, opening the path toward the next support / Wave (c) target at ~₹1317 .
However, any sustained move above ₹1432.80 would invalidate the bearish view and suggest a different structure in play.
Overall, the setup currently favors caution on rallies, with focus on whether sellers defend the resistance band.
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.
PRECAM: Next Level InsightThe daily chart of PRECAM is currently displaying a technically constructive setup. Notably, the price structure resembles a bullish triple top formation, which, in this context, appears to be acting as a continuation pattern rather than a reversal. This is further supported by a breakout above the recent consolidation range.
Importantly, this breakout has been accompanied by a noticeable increase in trading volume over the past five sessions, which may suggest growing market participation and interest in the stock at current levels.
Key technical indicators are aligned with this bullish momentum:
RSI is trading above the 70 mark , indicating strong upward momentum.
MACD is positioned above the zero line , with the signal line maintaining a positive crossover.
MACD Histogram remains in positive territory, reinforcing the prevailing bullish sentiment.
Based on this setup, the next potential area of price interest or resistance could emerge near the ₹258 level. On the downside, the immediate support lies just below the prior consolidation zone near ₹145 . A sustained move below this level could act as a technical invalidation point for short-term bullish setups and may prompt risk management actions.
Disclaimer:
This analysis is intended solely for informational and educational purposes. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instrument. All investments carry risk, and past performance is not indicative of future results. Individuals should conduct their own due diligence or consult with a qualified financial advisor before making any investment decisions.
FCL: Technical Setup Signals 10% Upside Potential
The chart of FCL outlines key price levels that represent potential breakout zones, signaling shifts in market momentum. It also identifies critical support areas where buying interest may emerge, offering insight into potential entry points.
Additionally, resistance zones are clearly marked, indicating probable barriers to upward price movement. These levels are instrumental in formulating strategic entry and exit decisions based on anticipated market behaviour.
Disclaimer:
This technical analysis is provided for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Investors should perform their own due diligence and consult with a licensed financial advisor before making any investment decisions.
Zen Technologies Limited (ZENTEC) @ critical junctureZENTEC – Technical Outlook; CMP: ₹1467
Based on a comprehensive technical analysis of Zen Technologies Limited (ZENTEC), the stock is currently positioned at a critical juncture, with both Elliott Wave theory and the Bat Harmonic pattern indicating potential trading opportunities.
Elliott Wave Analysis
ZENTEC is trading at ₹1,467 as of October 2, 2025, down from its peak of ₹2,627 (Dec 2024).
The stock has retraced ~69% from its Wave 5 high, reflecting significant corrective pressure.
Price action suggests the stock is in Wave C of an ABC corrective pattern, following the completion of a five-wave impulse sequence.
Bat Harmonic Pattern
The Bat harmonic pattern is nearing completion with the following structure:
XA Leg: ₹1,293 → ₹2,266 (primary trend)
AB Retracement: 38.2%–50% of XA (completed)
BC Leg: Current position near ₹2,061
CD Target: 88.6% retracement at ₹1,357.06 (Potential Reversal Zone – PRZ)
This alignment suggests that the downside pressure is close to exhaustion, and bottoming out may be near .
Trading Strategy
Buy Zone (Long-Term Investors): ₹1,340 – ₹1,427
Stop Loss: ₹1,293
Aggressive Entry: On confirmed breakout above ₹1,550 (stop loss-1340)
Targets:
T1: ₹1,645
T2: ₹1,821
T3: ₹2,061
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BPCL– Wave B Nearing Resistance, Wave 2 Correction Still in PlayBack on August 20, I highlighted that BPCL had completed a 5-wave advance from 234.01 to 358.65 , marking higher degree Wave 1, and that a corrective Wave 2 was in progress. (Earlier technical analysis write-up is attached here: )
At that time, only Wave (a) of the correction was visible. Since then, price action has unfolded further:
Wave B is now rising into a strong resistance cluster near 350–358.
Unless price decisively breaks above 358.65 , the move remains corrective.
A final Wave C decline into the 0.5–0.618 retracement zone (296–281) remains the higher probability path.
Momentum check: The RSI is pushing higher alongside Wave B, but if momentum stalls here, it would confirm the setup for a downward leg.
Key Levels:
Resistance / Stop: 358.65
Retracement Zone: 296 – 281
Summary: The corrective roadmap outlined in August is still intact. With Wave B nearing exhaustion, focus now shifts to a potential Wave C decline toward 296–281, before the larger bullish structure resumes with Wave 3.
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.
Silver at a crucial historical levelSilver reached the USD 48250+ level. It reached this level in 1980 and 2011. Both times it has experienced a sharp reversal.
According to the long-term Elliott wave, I believe it is the end of the 3rd impulsive wave.
Note: Not a buy/sell recommendation. For educational and paper trading purposes only.
Nifty analysis - 3/10/25 As we saw strong bullish movement we might see a retest or SL hunting should happen as most of retailers might have carry forward CE trades. Look for CE trades after we cross 24910 with the targets marked on chart. Look for PE if a 15 minutes candle closes below 24680 and we can see the targets marked on chart. At start of the day there will premium adjustment so we can see huge spikes on either sides, let the market settle for 30 minutes then loo for any trade.
NIFTY : Trading levels and plan for 03-Oct-2025NIFTY TRADING PLAN – 03-Oct-2025
Nifty closed at 24,853.40, recovering from recent declines and now trading near crucial resistance and support zones. Tomorrow’s movement will largely depend on whether the index can break above 24,889 – 24,923 (Opening Resistance Zone) or hold below 24,726 – 24,764 (Opening Support Zone).
📌 Key Levels to Watch:
Opening Resistance Zone: 24,889 – 24,923
Last Intraday Resistance: 25,015
Opening Support Zone: 24,726 – 24,764
Last Intraday Support: 24,647
🚀 Scenario 1: Gap Up Opening (100+ points)
If Nifty opens near or above 24,950 – 25,000, it will directly challenge the Last Intraday Resistance (25,015) .
A sustained move above 25,015 could extend momentum towards 25,100+ levels, signaling strength.
However, if prices face rejection near 25,015, expect profit booking with pullback towards 24,900 – 24,850.
Traders should avoid chasing at higher openings and instead wait for confirmation of sustained breakout before entering fresh longs.
👉 Educational Note: Gap-up openings near resistance zones often trap impatient buyers. It is safer to wait for retests before committing capital.
⚖️ Scenario 2: Flat Opening (within ±100 points)
A flat start near 24,800 – 24,850 will keep Nifty between its Opening Resistance Zone (24,889 – 24,923) and Opening Support Zone (24,726 – 24,764) .
A decisive breakout above 24,923 may fuel momentum towards 25,015, with scope for extension to 25,100.
On the other hand, a breakdown below 24,726 could drag the index back to 24,647.
Expect sideways choppiness unless one side breaks decisively with volume confirmation.
👉 Educational Note: Flat openings indicate market indecision. Traders should focus on range breakout opportunities rather than anticipating moves.
📉 Scenario 3: Gap Down Opening (100+ points)
If Nifty opens near 24,700 – 24,650, it will test the Opening Support Zone (24,726 – 24,764) and may even challenge the Last Intraday Support (24,647) .
Breakdown below 24,647 could invite further weakness towards 24,550 – 24,500.
However, if the support zone holds, a rebound towards 24,800 – 24,850 is possible, triggering short covering.
Traders should wait for the first 15–30 mins to confirm whether supports sustain before taking trades.
👉 Educational Note: Gap-downs create panic. Disciplined traders wait for either breakdown confirmation or a sharp recovery signal to trade with better risk-reward.
🛡️ Risk Management Tips for Options Traders
⏳ Avoid trading aggressively in the first 15–30 minutes after opening.
🛑 Always keep stop losses based on 15-min/hourly candle close.
🎯 Use option spreads (Bull Call / Bear Put) to minimize premium decay risk.
📉 Maintain a minimum 1:2 Risk-Reward ratio on every trade.
💰 Book partial profits at key levels to protect gains.
🧘 Never risk more than 2–3% of total capital on a single trade.
📌 Summary & Conclusion
Bullish Bias: Above 24,923, targets 25,015 → 25,100.
Neutral Zone: Between 24,726 – 24,923, expect sideways consolidation.
Bearish Bias: Below 24,647, weakness towards 24,550 – 24,500 possible.
📊 Nifty is at a crucial juncture. Breakout above resistance can fuel bullish momentum, while breakdown below support may trigger renewed selling pressure. Traders should remain patient, disciplined, and trade only on confirmation of breakout/breakdown with volume.
⚠️ Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult with a financial advisor before making trading decisions.
BANKNIFTY : Trading levels and Plan for 03-Oct-2025BANK NIFTY TRADING PLAN – 03-Oct-2025
Bank Nifty closed at 55,386.65, recovering sharply after recent weakness. For tomorrow, key levels are defined between 55,406 (Opening Support/Resistance) and 55,560 (Last Intraday Resistance). The broader supports remain at 55,031 – 55,112 and 54,775.
📌 Key Levels to Watch:
Immediate Opening S/R: 55,406
Last Intraday Resistance: 55,560
Major Resistances Ahead: 55,835 → 56,062
Opening Support Zone: 55,031 – 55,112
Last Intraday Support: 54,775
🚀 Scenario 1: Gap Up Opening (200+ points)
If Bank Nifty opens above 55,600, it will directly test the Last Intraday Resistance .
A clean breakout above 55,560 – 55,600 may fuel momentum towards 55,835, and if sustained, even 56,062.
However, if prices fail to sustain above 55,560, expect intraday profit booking with pullback towards 55,400 – 55,200.
Traders must confirm the breakout with strong volumes before entering fresh longs.
👉 Educational Note: Gap-up openings near resistance often trap buyers. A patient approach is essential—wait for confirmation instead of chasing.
⚖️ Scenario 2: Flat Opening (within ±200 points)
A flat start near 55,300 – 55,400 will keep the index balanced between support and resistance zones.
Upside momentum will trigger only if 55,560 is crossed decisively, targeting 55,835 → 56,062.
On the downside, if 55,031 – 55,112 fails to hold, the index may retest 54,775.
Expect choppy price action until one side (above 55,560 or below 55,031) gives a decisive breakout.
👉 Educational Note: Flat openings usually reflect indecision. Traders should focus on breakouts from the intraday range to avoid false signals.
📉 Scenario 3: Gap Down Opening (200+ points)
If Bank Nifty opens near 55,100 – 55,000, it will test the Opening Support Zone (55,031 – 55,112) .
Breakdown below this zone can drag the index towards the Last Intraday Support at 54,775 .
If 54,775 also fails, deeper correction towards 54,500 levels cannot be ruled out.
However, strong rebound from support zones may lead to sharp short covering back towards 55,300 – 55,400.
👉 Educational Note: Gap-downs often create panic in the first 30 minutes. Smart traders wait for retests of support to avoid being trapped in false breakdowns.
🛡️ Risk Management Tips for Options Traders
⏳ Avoid aggressive positions in the first 15–30 minutes after opening.
🛑 Always keep stop losses based on candle close (15-min/hourly).
🎯 Use spreads (Bull Call / Bear Put) to reduce premium risk.
⚖️ Maintain a risk-reward ratio of at least 1:2 .
💰 Partial profit booking at key levels helps secure gains.
🧘 Stick to position sizing; never risk more than 2–3% of capital on a single trade.
📌 Summary & Conclusion
Bullish Bias: Above 55,560, targets 55,835 → 56,062.
Neutral Zone: Between 55,031 – 55,560, expect sideways action.
Bearish Bias: Below 55,031, expect weakness towards 54,775 → 54,500.
📊 Bank Nifty is entering a crucial zone where breakout above 55,560 may fuel strong upside momentum, while breakdown below 55,031 may bring back selling pressure. Traders should wait for confirmation and trade with discipline.
⚠️ Disclaimer: This trading plan is for educational purposes only. I am not a SEBI-registered analyst. Please do your own analysis or consult a financial advisor before making trading decisions.
“Nifty 50 Intraday Key Levels | Buy & Sell Zones” 3rd Oct 2025“Want to learn more? Like this post and follow me!”
25,073 → Above 10m closing Shot Cover Level
25,070 → Below 10m hold PE By Safe Zone
24,988 → Above 10m hold CE By Entry Level
24,980 → Below 10m hold PE By Risky Zone
24,888 → Above 10m hold Positive Trade View
24,790 → Above Opening S1 hold CE / Below Opening R1 hold PE
24,690 → Above 10m hold CE By Level / Below 10m hold PE By Level
24,590 → Above 10m hold CE By Safe Zone
24,580 → Below 10m hold Unwinding Level
LiamTrading – INTRADAY TRADING SCENARIO
When we look at the global financial landscape, an interesting picture emerges:
Equities – All Time High (ATH)
Housing Prices – ATH
Bitcoin – ATH
Gold – ATH
Money Supply – ATH
National Debt – ATH
CPI Inflation – averaging 4% per year since 2020, double the Fed’s “target”
Federal Reserve – continuing rate cuts this month
Clearly, easy money combined with inflationary pressure is a powerful driver pushing gold to new historical levels. This makes buying with the trend more reasonable than ever.
📊 Technical Analysis – H1 Chart
Gold is moving within a well-defined upward channel.
Volume Profile highlights the POC around 3840–3850, a key zone to watch for scalping buys.
The VAL coincides with the rising trendline near 3820–3822, offering strong confluence for medium-term buys.
If price breaks above 3895 to confirm a new ATH, trend-following buys remain the priority.
Key resistance: 3913–3915, suitable for short-term scalping sells.
🎯 Trading Scenarios
Buy scalping: 3845 | SL 3839 | TP 3856 – 3870
Buy zone (main): 3820 – 3822 | SL 3816 | TP 3832 – 3845 – 3860 – 3875 – 3890
Sell scalping: 3915 – 3913 | SL 3920 | TP 3900 – 3885 – 3872 – 3860
Buy breakout: If price breaks ATH 3895 and confirms, continue buying with the trend → Open targets towards 3915+
📌 Conclusion
Gold remains in a strong uptrend, both fundamentally and technically. Short-term pullbacks are simply opportunities to add to buy positions. However, traders should watch the immediate resistance zones to optimise entries.
👉 This is my personal outlook on XAUUSD, not financial advice.
Follow me to stay updated with the latest daily gold scenarios 🔥
Gold Market Outlook – Bullish Trend Building MomentumGold continues to follow a structured bullish cycle, where each consolidation phase has been followed by a breakout and expansion. Market behavior shows liquidity being collected in sideway ranges, then released to fuel upward momentum.
At the current stage, price is trading around $3,870, showing signs of a potential short-term pullback to gather liquidity from the mid-zone. Once this corrective move stabilizes, the chart suggests a renewed bullish impulse with a projected upside target toward the $3,965 level.
This pattern highlights that the market remains in a controlled bullish phase, where temporary retracements are acting as setups for continuation rather than reversal. The underlying flow still favors higher levels as long as buyers maintain activity after corrections.
Silver at a major resistanceSilver has reached a major resistance level. A breakout above this will see more rally. It will be very interesting to see what happens from here. Big Macro development if a breakout happens. The metal will continue to shine if it breaks out, otherwise it is a top and correction will follow.
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
USOIL is in a critical zoneHello,
USOIL is currently at a major support level that has held for the past 2 months. There are two possible scenarios: either the support holds and USOIL bounces back toward the resistance at $66, or the support breaks and the price moves down to the next level at $60,
Ibrouri Abdessamad
SRFSRF is exhibiting a triangle breakout, supported by a reversal and currently trading above a key support level. The stock has formed a strong bullish candle, indicating positive sentiment.
It's advisable to monitor the next trading session for confirmation of continued upward momentum. If the bullish trend persists, further price appreciation can be expected.
Given the current technical setup, there is a high probability of sustained upward movement. However, to manage risk effectively, implementing a stop-loss strategy remains essential.
XAUUSD – WOLFE WAVE CONTINUES, PRIORITISE BUYING
Hello trader 👋
On 02/10, we begin with the continuation scenario of the Wolfe Wave pattern. In yesterday's session, gold prices followed the upward rhythm of the pattern, but the decline at the upper line was not truly effective. Today, the market is forming a new price channel with a wider range, opening opportunities for both buy and sell orders during the session.
Regarding fundamentals, geopolitical tensions between Russia and France are escalating, while safe-haven flows continue to pour into gold. Long-term analyses suggest the $4,000 mark is entirely feasible, although there are still technical fluctuations in the near term.
⚖️ Today's trading scenarios
🟢 Buy Scenario (prioritise following the main trend):
Entry: 3,863 – 3,865
SL: 3,857
TP: 3,880 → 3,895 → 3,910 → 3,920
👉 You can enter at the current zone, or wait for a breakout confirmation above 3,871 to increase winning probability.
🔴 Sell Scalping Scenario (short-term):
Entry: 3,885
SL: 3,891
TP: Short around 3,870 (depending on price reaction)
👉 Suitable for quick scalping traders at the upper edge of the channel.
🔴 Wolfe Wave Sell Scenario (wide range):
Entry: 3,925 – 3,927
SL: 3,935
TP: Long-term expectation according to the Wolfe pattern, can be managed by closing 50% at 3R profit level, letting the rest ride the trend.
📊 General Outlook
The main trend remains bullish, buying continues to be the priority strategy.
Sell orders should only be considered as short-term opportunities at the upper range, or when the price tests strong resistance.
Volatility may increase during the day due to political news, so risk management needs to be tight.
📌 Conclusion: Gold is following the Wolfe Wave pattern with an expanding price channel. Buying at support – short selling at resistance is the suitable strategy for the day. Long-term investors can continue to expect the $3,950 – $4,000 mark in the upcoming cycle.
JSW Steel powers through bullish channel with momentumTopic Statement:
JSW Steel is on a relentless bullish run, steadily climbing within a strong up-trending channel that continues to attract accumulation.
Key Points:
1. The stock is moving consistently in a strong bullish channel, making directional trading highly structured and reliable
2. It rarely dips below the 50-day EMA, and when it does, it presents a strong investment or accumulation opportunity
3. The clearly defined channel makes it ideal for disciplined channel-based trading strategies
The Gold/Silver Ratio: Why It Matters So Much?The Gold/Silver ratio (GSR) measures how many ounces of silver it takes to buy one ounce of gold. It’s one of the oldest indicators in commodity markets, with data going back centuries.
Long-term average: ~65
Extreme high: 105 in 2020 (COVID panic, gold as pure safe-haven while silver crashed)
Current level: ~80
1. Why the Ratio Is So Powerful
When the GSR is high (above 90–100), it means silver is undervalued relative to gold.
When the GSR falls, it signals that silver is outperforming gold – usually during the most explosive parts of precious metals cycles.
In simple terms:
👉 High ratio = silver cheap
👉 Falling ratio = silver catching up/outperforming
2. The Recent Move
At the 105 peak (2020), silver was ignored and gold was everyone’s safe-haven. That extreme stretched the ratio to historic highs.
Since then, the ratio has broken down to ~80. This collapse in the ratio coincided with silver’s recent 48–50% rally since April 2025.
So there’s already a tight correlation between GSR falling and silver surging.
3. Forward Projection
If we assume the ratio continues mean-reverting towards its historical average (~65):
From 80 → 65 = a ~20% decline in the ratio.
Given how silver has tracked ratio moves so far, that could translate to another ~50% upside.
🖊️ That math gives me:
Current silver ~$50 → my target range $70–73
Which also aligns with the inflation-adjusted 2011 top of Quarterly Silver chart
This alignment across technical (Cup & Handle), ratio math, and inflation-adjusted targets strengthens the conviction.
4. Where This Gets Interesting
The GSR chart you provided shows a trendline break risk:
If the ratio decisively breaks down from ~80, it confirms silver is in outperformance mode.
A breakdown projects to ~65 (mean), and potentially overshoot lower if momentum builds.
Historically, when the GSR enters a sustained downtrend, silver rallies parabolically.
🎈 Key Takeaway:
The Gold/Silver ratio is not just a technical indicator here – it’s the bridge linking your macro thesis (ETF demand, industrial pull, Fed distrust) with your chart targets.
The ratio tells us that:
Silver’s catch-up has already started.
There’s room for another 50% upside.
This lands silver in the $70–73 zone – exactly where the inflation-adjusted 2011 high sits.
NIFTY- Intraday Levels - 3rd October 2025If NIFTY sustain above 24832 above this bullish then 24917/40 not much of an important level unless it opens below this it can serve as a mild resistance then 24984 to 25004 then 25022/42 then 25056/80 strong level above this wait
If NIFTY sustain below 24792 below this bearish then it may come down to 24718 to 24692 below this wait
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.