COLPAL | Double Bottom Retest + Volume Breakout🚀 COLPAL | Double Bottom Retest + Volume Breakout
📌 Pattern Setup:
🔹 Double Bottom retest spotted
🔹 Bullish Engulfing candle at support
🔹 Breakout candle with strong volume surge
📊 Technical Snapshot:
RSI: 58 → Healthy momentum
MACD: Bullish crossover
CCI: 107 → Strong positive bias
Stochastic: 89 → Overbought but strong
Volume: 1.22M vs 626k avg → ⚡ Breakout confirmed
🛠 Levels to Watch:
🔼 Long Entry: Above 2357.9
🔽 Stoploss: Below 2243
🎯 Targets: 2472 | 2587
📉 Pullback Buy Zone: 2291–2273
❌ Invalidation: Below 2207
⚡ Resistance Levels: 2382 | 2424 | 2490
⚡ Support Levels: 2274 | 2208 | 2167
🎯 Fibonacci Zones: 2378 → 2449 → 2519 → 2619 → 2747
💡 View:
COLPAL is breaking out from a Double Bottom Retest with strong volume & bullish signals. Sustaining above 2358 could open the gates towards 2472 – 2587 in the short term.
👉 Bias: Bullish till 2207 holds.
⚠️ Disclaimer – Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades.
Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments.
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Double Top or Bottom
ECLERX SKYROCKETS 35%! This Pattern Signals ₹4,200 TargetNSE:ECLERX SKYROCKETS 35%, Made a Beautiful Chart Structure to Qualify for the Chart of the Week
Price Action:
- It experienced a powerful rally from ₹2,200 to ₹3,877 (all-time high) between July and October 2024
- Recent correction formed a descending wedge pattern from October 2024 to early May 2025
- Currently showing an explosive breakout at ₹3,301.80, up ₹852.40 (+34.80%) in this Week.
- Massive single-week gain with a long bullish candle breaking above both resistance levels and the downtrend line
- The weekly chart shows a strong V-shaped recovery from support
Volume Analysis:
- This Week's volume at 2.28M shares vs. average of 420.79K (over 5x normal volume)
- Previous support bounces have also witnessed above-average volume
- Extremely high volume on today's breakout suggests significant institutional participation
- Volume pattern confirms the legitimacy of the price action
Key Support and Resistance:
- Strong support zone at ₹2,200-2,300 (green horizontal box) - tested and held multiple times over the past year
- Previous resistance now likely support at ₹3,200-3,250 (green horizontal line)
- Next resistance at all-time high of ₹3,877 (marked as "High")
- Downtrend line (white diagonal) now broken with conviction
Technical Patterns:
1. Descending Wedge Breakout- Classic bullish reversal pattern completed this week
2. Double Bottom*- Formed at ₹2,300 level in March-May 2025
3. Support Retest- Successfully retested the major support zone before the breakout
4. V-Shaped Recovery - Strong reversal indicating powerful buying interest
Trade Setup:
- Pattern: Descending wedge breakout with volume confirmation
- Confirmation: Explosive price action and volume expansion
- Context: Bullish reversal after testing major support zone
Entry Points:
1. Aggressive Entry: Current price (₹3,301.80) with partial position
2. Pullback Entry: On retest of breakout level ₹2,900-3,000
3. Confirmation Entry: On consolidation and holding above ₹3,200 for 2-3 sessions
Exit Strategy:
- Target 1: ₹3,600 (psychological resistance)
- Target 2: ₹3,877 (previous all-time high)
- Target 3: ₹4,200 (pattern projection based on measured move)
- Trailing Stop: 7% trailing stop after Target 1 is achieved
Stop Loss Placement:
- Aggressive Stop: ₹2,950 (below recent swing low)
- Conservative Stop: ₹2,800 (near the breakout point of the wedge)
- Pattern-Based Stop: ₹2,500 (invalidation level for the pattern)
Risk Management:
- Position sizing: Limit risk to 1-2% of trading capital
- Risk-reward ratio: Minimum 1:1.5 for aggressive entry, 1:2 for pullback entry
- Consider scaling approach:
* Enter 50% position now
* Add 25% on confirmation of trend (holding above ₹3,200)
* Add 25% on pullback (if it occurs)
- Take partial profits: 30% at Target 1, 30% at Target 2, hold remainder with trailing stop
NSE:ECLERX shows a powerful technical setup with its powerful breakout from a descending wedge pattern on record volume. The price action respects key technical levels, with the stock holding major support at ₹2,200-2,300 before staging today's massive rally. The breakout above both the wedge pattern and horizontal resistance, with 5x normal volume, suggests potential for continued upside momentum toward previous highs and beyond.
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Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Nifty - Weekly Review Aug 25 to Aug 29Price is at the double bottom support now. Breaking it can make the price fill the gap. Filling the gap will make the price more bearish. 24850 is the trend direction deciding zone now.
Buy above 24920 with the stop loss of 24870 for the targets 24960, 25000, 25060, 25120, and 25200.
Sell below 24800 with the stop loss of 24850 for the targets 24760, 24700, 24660, 24600 and 24540.
Always do your analysis before taking any trade.
Zee Entertainment – Wave 3/C on the Horizon?After topping near 151.44–151.70 (a neat double top), price corrected into 111.60 , completing what looks like Wave 2/B right around the 0.618 retracement.
Now, signs of life are emerging:
Volume has ticked higher, hinting at accumulation.
RSI is forming higher lows and has regained strength above 50.
The structure is shaping up for a fresh impulsive advance toward the 173–212 zone (1.0–1.618 extension).
The path higher is expected to unfold as a 5-wave sequence, with Wave 3/C potentially targeting this blue zone overhead.
⚠️ Invalidation: A sustained move below 111.60 would negate this bullish sequence, opening the door for deeper correction.
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.
OPTIEMUS Price ActionOptiemus Infracom Limited (OPTIEMUS) is currently trading around ₹608 as of August 2025. The stock has shown a strong recent performance, gaining approximately 4% in the latest trading sessions, with daily price ranges between ₹585 and ₹625.
Over the past year, the stock price has fluctuated substantially, with a 52-week low near ₹378 and a high nearing ₹874. The current price sits closer to the mid-to-upper end of this range, indicating a recovery from lows but still beneath recent highs.
Financially, Optiemus Infracom has an earnings per share (EPS) of about ₹7.58. The price-to-earnings (PE) ratio stands elevated, above 80, which highlights strong market expectations for future growth or reflects a premium valuation often seen in technology or telecom-related firms.
The price trades above its 50-day average (~₹609) and 200-day average (~₹595), indicating a positive medium-term trend. Volume levels are moderate, consistent with stable investor interest.
While the stock has seen volatility, the trajectory suggests a gradual uptrend supported by its core business segments in electronics and telecommunications infrastructure. Key support is seen around ₹580, while resistance near ₹630 could test the strength of the ongoing rally.
In summary, Optiemus Infracom is positioned in an upward trading range with strong growth expectations, but valuation is relatively high, which should be monitored alongside company earnings and sector dynamics for future moves.
Gold form double top bearish pattern,Bearish Patterns Annotated:
Double Top: A classic bearish reversal pattern resembling an "M" shape. It occurs when price hits resistance twice at similar levels (here, approximately $3,437 and $3,448 in July and August) and fails to break higher. This signals potential exhaustion of buyers and a shift to sellers.
Evening Star: A three-candle bearish reversal pattern marked near the recent high. It typically consists of a large green candle (up day), followed by a small-bodied candle (indecision), and then a large red candle closing below the midpoint of the first candle. This suggests bulls are losing control.
Engulf Candle (Bearish Engulfing): A red candle that completely "engulfs" the body of the prior green candle, indicating strong selling pressure overriding previous buying. It's marked near the top, reinforcing the reversal theme.
Opportunity: - As per chart it can short 3380-3350 with stop loss 3400 above for the targets of double bottom pattern 3260 and 3160.
BTC SHORTBTC is at ATH, now we can see some selling pressure. First indication is the strong red candle which was formed on 14th Aug. According to Price action it can test 108K and then and trend line which is in red coming from Nov 2022.
If we get a lower low formation in lower timeframe we can short below short and even if sl get hit can try to reenter.
BTC SHORTBTC is at ATH, now we can see some selling pressure. First indication is the strong red candle which was formed on 14th Aug. According to Price action it can test 108K and then and trend line which is in red coming from Nov 2022.
If we get a lower low formation in lower timeframe we can short below short and even if sl get hit can try to reenter.
I am confidant though.
Kotak Mahindra bank form double top Reversal pattern.Kotak Mahindra bank form double top Reversal pattern.
Bearish View (Short Opportunity): The pattern suggests shorting on any rally back up to ₹2,020 (potential resistance or retest of the neckline/breakout level).
As per pattern is may test 1818 soon target -2.
Risk-reward ratio: Approximately 1:2-3, assuming disciplined stops.
Bearish patterns in Nifty ITOn monthly we see multiple bearish patterns in IT index.
Over long term we can see that this index takes support near 100 SMA on monthly.
Currently this index is in down trend and in worst case can see support nr 29000 levels. Which also coincides with earlier buying zone.
I would avoid IT till I find some good bottoming out pattern.
Route Mobile Bottomed-out for Highest UpsideMy Stock View and Opinion:
Double-bottom pattern identified, Huge upside potential as enterprise communication continues to evolve globally.
Strategic Moves:
1) Successful integration with global CPaaS major Kaleyra, unlocking access to 100+ countries and Tier-1 enterprise clients.
2) Backed by Proximus Group (Belgium), enhancing global reach and enterprise credibility.
3) Collaboration with Nokia to deliver secure, carrier-grade CPaaS services to telecom operators globally.
Strong execution capabilities, strategic partnerships with global telecom leaders, scalable SaaS-driven model, and growing demand for digital engagement platforms position Route Mobile for sustained multi-year growth.
Godrej Agrovet Ltd (Weekly Timeframe) - Potential BreakoutSince the All Time High on Jul 15, 2024, the stock is in a Accumulation phase , and last week it tried to breach the ATH with Huge Volume . The stock may BreakOut of the Resistance Zone if Good Volume is available. If it is able to breach the resistance zone, then it may go to 1070 levels.
It is also possible that there could be some profit booking which means the stock could come down as well.
Keep monitoring.
Home First Fin Co Ind Ltd (Weekly Timeframe) - Bearish SignsThe stock has been in an uptrend since Feb 2025 and since last few weeks, it has gone sideways showing some exhaustion. This week, it made an All Time High, breaking a Long-term resistance and Short-term resistance . There may be some profit booking in the coming weeks and may see the stock going down to the levels indicated, if it cannot maintain the upside momentum.
RELIANCE 1D TimeframeStock Data (1D Time Frame)
Current Market Price: ₹1,403 – ₹1,405 (Approx.)
Change Today: ▼ Down ~1.5%
Previous Close: ₹1,425
Day’s High: ₹1,427
Day’s Low: ₹1,398
52-Week High: ₹1,551
52-Week Low: ₹1,115
🧾 Intraday Performance Summary
Reliance opened mildly negative and continued a downward trend due to broader market weakness.
The stock touched an intraday low near ₹1,398 as profit-booking continued post its recent rally.
Despite reporting record profits in Q1, investor sentiment remains cautious due to underperformance in its Oil-to-Chemicals (O2C) and Retail segments.
🧠 Technical View (1-Day Time Frame)
Indicator Status
Trend Short-term Weak/Bearish
RSI (Relative Strength Index) Near 45 – slightly weak
Support Level ₹1,390 – ₹1,350 zone
Resistance Level ₹1,430 – ₹1,470
Volume Above average during dips
Stock is trading below key moving averages (20 and 50 DMA).
Break below ₹1,390 may lead to further correction toward ₹1,350.
Upside momentum may resume only if it breaks and sustains above ₹1,430–₹1,440 levels.
🧮 Fundamental Insights
💼 Q1 FY26 Highlights:
Net Profit: Around ₹30,783 crore, helped by a one-time gain from stake sales.
Core Business Growth: Adjusted profit growth (excluding exceptional items) is about 25% year-over-year.
Retail & O2C: Both divisions saw margin pressure despite revenue growth.
Jio Platforms: Continued to show strong performance through ARPU improvement and subscriber growth.
New Energy Segment: Investment in green energy, solar, and hydrogen tech continues to build momentum.
📈 Key Growth Drivers Ahead
Jio Expansion – Increased monetization from 5G and digital platforms.
Retail Scaling – Aggressive expansion through online + offline strategies.
Green Energy Push – Investments in solar panels, hydrogen energy, and battery storage to become significant in 2025–26.
Potential IPOs – Jio and Retail business listing possibilities can unlock value.
🛑 Risks to Watch
Pressure on global refining margins may continue to affect the O2C segment.
Delay in clean energy execution can lead to valuation stress.
Macro market correction or FII selling could drag heavyweights like Reliance.
🔮 Outlook
Short Term: Cautious-to-bearish unless ₹1,430 is reclaimed. ₹1,350 is a critical support.
Medium to Long Term: Remains fundamentally strong. New growth drivers (Jio, Retail, Energy) support a positive outlook beyond 3–6 months.
ELGIEQUIP: Breaks Out of its Ascending Triangle PatternNSE:ELGIEQUIP Breaks Out of its Ascending Triangle Pattern: This Industrial Giant Could Be Your Next Multi-Bagger as Manufacturing Boom Accelerates
Price Action:
- Current Price: ₹589.75 (as of chart date)
- 52-Week High: ₹752.95
- 52-Week Low: ₹401.00
- Daily Change: +₹35.95 (+6.41%)
- Market Cap: ₹18,703 Cr.
Volume Spread Analysis:
Volume Profile Assessment:
- Breakout Volume: 6.8M shares (significantly above average)
- Volume Trend: Increasing volume during breakout phase
- Volume-Price Relationship: Positive correlation during an uptrend
- Distribution vs Accumulation: Clear accumulation pattern visible
Volume Indicators:
- 20-day Average Volume: 1.24M shares
- Breakout Volume Confirmation: Yes (above average volume)
- Volume Concentration: Higher volumes at support levels indicate buying interest
My Key Technical Observations:
- Stock has successfully broken out from a major ascending triangle pattern
- Strong volume confirmation on the breakout day
- Price action showing momentum acceleration after months of consolidation
- Clear trend reversal from the March 2025 lows
Pattern Recognition and Structure Analysis:
Primary Pattern: Ascending Triangle Breakout
- Formation Period: Jan 2025 to July 2025 (7 months)
- Resistance Level: ₹570-580 (horizontal resistance)
- Support Trendline: Rising from ₹401 lows in March 2025
- Breakout Confirmation: Volume spike accompanying price breakout
- Pattern Target: ₹680-700 (measuring the height of the triangle base)
Secondary Patterns:
- Double Bottom formation at ₹401 levels (March 2025)
- Flag and pennant consolidations during the uptrend
- Higher highs and higher lows structure since March 2025
Key Support and Resistance:
Key Resistance Levels:
- Immediate Resistance: ₹600-610 (psychological level)
- Major Resistance: ₹650-680 (pattern target zone)
- 52 Week High Resistance: ₹750-755 (previous swing high)
Key Support Levels:
- Immediate Support: ₹560-570 (breakout level, now support)
- Strong Support: ₹520-530 (previous consolidation zone)
- Major Support: ₹480-490 (ascending trendline support)
- Critical Support: ₹440-450 (50% retracement of current move)
Base Formation Analysis:
- Primary Base: ₹480-580 consolidation zone (7 months)
- Base Characteristics: Tight consolidation with reduced volatility
- Base Quality: High-quality base with multiple retests of support/resistance
- Accumulation Evidence: Consistent volume during the consolidation phase
Trade Setup and Entry Strategy:
Primary Trade Setup - Momentum Play:
- Entry Strategy: Buy on pullback to ₹570-575 (breakout retest)
- Alternative Entry: Current levels for aggressive traders
- Entry Rationale: Ascending triangle breakout with volume confirmation
Secondary Trade Setup - Swing Trade:
- Entry Strategy: Accumulate on dips to the ₹520-530 zone
- Entry Rationale: Strong support zone with multiple bounce history
- Time Horizon: 3-6 months
Entry Levels and Execution:
Aggressive Entry (Short-term):
- Entry Price: ₹585-590 (current market price)
- Quantity: 30% of planned position
- Rationale: Momentum continuation play
Conservative Entry (Medium-term):
- Entry Price: ₹570-575 (breakout retest)
- Quantity: 50% of the planned position
- Rationale: Better risk-reward ratio
Value Entry (Long-term):
- Entry Price: ₹520-530 (support zone)
- Quantity: 70% of planned position
- Rationale: High probability support zone
Exit Levels and Profit Targets:
Short-term Targets (1-3 months):
- Target 1: ₹620-630 (5-7% upside from current levels)
- Target 2: ₹650-660 (10-12% upside)
- Target 3: ₹680-690 (pattern target)
Medium-term Targets (3-12 months):
- Target 1: ₹700-720 (psychological resistance)
- Target 2: ₹750-760 (52 Week high retest)
- Target 3: ₹800-820 (extension target)
Exit Strategy:
- Partial Profit Taking: 25% at each target level
- Trailing Stop: Implement after reaching the first target
- Final Exit: Technical breakdown below key support
Stop-Loss Strategy:
Initial Stop-Loss Levels:
- Aggressive Traders: ₹555 (5% below entry)
- Conservative Traders: ₹530 (below support zone)
- Long-term Investors: ₹480 (below ascending trendline)
Stop-Loss Management:
- Initial Risk: 5-10% of entry price
- Trailing Strategy: Move stop-loss to breakeven after 5% profit
- Progressive Tightening: Reduce stop distance as price advances
Position Sizing and Risk Management:
Position Sizing Framework:
- Conservative Approach: 2-3% of portfolio
- Moderate Approach: 3-5% of portfolio
- Aggressive Approach: 5-7% of portfolio
Risk Management Rules:
- Maximum Risk per Trade: 2% of total capital
- Risk-Reward Ratio: Minimum 1:2 for all trades
- Portfolio Concentration: Maximum 10% in a single stock
- Sector Exposure: Maximum 20% in the capital goods sector
Capital Allocation Strategy:
- 30% on initial breakout entry
- 40% on pullback to support
- 30% reserved for additional weakness
Sectoral Backdrop:
Capital Goods Sector Overview:
- Sector Performance: Outperforming broader markets in 2025
- Government Support: PLI schemes boosting manufacturing
- Infrastructure Push: Continued focus on industrial development
- Export Opportunities: Growing global demand for Indian machinery
Industrial Compressor Market Dynamics:
- Market Size: India air compressor market valued at $1.09 billion (2023)
- Growth Projection: Expected to reach $1.64 billion by 2030
- CAGR: 5.4% growth from 2024 to 2030
- Volume Growth: From 64,000 units (2023) to 120,000 units (2030)
Manufacturing Sector Tailwinds:
- Target Achievement: Manufacturing sector expected to reach $1 trillion by 2025
- Industrial Growth: Rapid expansion in the automotive and electronics sectors
- Policy Support: Make in India and PLI schemes driving demand
- Infrastructure Development: Continued capex cycle supporting industrial equipment demand
Fundamental Backdrop:
Company Overview:
- Business: Leading manufacturer of air compressors and pneumatic tools
- Market Position: Strong presence in the industrial compressor segment
- Product Range: Oil-lubricated piston compressors, reciprocating compressors
- Employee Strength: 2,172 employees
Financial Highlights:
- Market Capitalization: ₹ 18,703 Cr.
- EPS (TTM): ₹11.05
- Book Value per Share: ₹58.90
- Price to Book Ratio: 10
- Dividend Yield: 0.37%
Recent Performance:
- Q4 FY25 Revenue: ₹ 993 crore
- Q4 FY25 Net Profit: ₹102.00 crore
- Annual Revenue (FY25): ₹3,510 crore
- Annual Net Profit (FY25): ₹350 crore
Earnings Outlook:
- Next Earnings Report: July 30, 2025 (Expected)
- Annual General Meeting: August 12, 2025 (Expected)
- Dividend Declared: ₹2.20 per share for FY25
- Management Assessment: Economic quality in terms of earnings and margins
Risk Factors and Considerations:
Technical Risks:
- False Breakout Risk: Potential failure to sustain above resistance
- Market Correlation: High correlation with broader market movements
- Sector Rotation: Risk of funds moving away from capital goods
- Volume Sustainability: Need for continued volume support
Fundamental Risks:
- Economic Slowdown: Impact on industrial capex cycles
- Competition Intensity: Pressure from domestic and international players
- Raw Material Costs: Inflation in steel and component prices
- Export Dependency: Global economic uncertainty affecting demand
Market Risks:
- Interest Rate Sensitivity: Impact of monetary policy changes
- Currency Fluctuation: Export revenue exposure to forex volatility
- Regulatory Changes: Potential policy modifications affecting industry
- Liquidity Risk: Lower institutional participation during market stress
My Take:
NSE:ELGIEQUIP presents a compelling technical setup with its successful breakout from a 7-month ascending triangle pattern. The combination of strong volume confirmation, favourable sectoral tailwinds, and robust fundamental positioning makes it an attractive investment opportunity. The stock is well-positioned to benefit from India's manufacturing sector growth and the expanding industrial compressor market.
The risk-reward profile appears favourable for both short-term momentum traders and long-term investors, with multiple entry strategies catering to different risk appetites. However, proper position sizing and disciplined stop-loss management remain crucial for the successful execution of this trade setup.
Keep in the Watchlist and DOYR.
NO RECO. For Buy/Sell.
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Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
MRF - BEARISH SETUP (DAILY TIMEFRAME) DOUBLE TOPA double top pattern is a bearish reversal pattern that can be observed on a stock's price chart after an uptrend. It signals that the upward trend may be losing momentum and that a downtrend could be imminent.
Please sell if your setup agrees too - I will sell if 1,45,000 Levels is broken Your Boost and like will remind me to sell so please keep supporting so that this post reminds me to sell MRF at 1.45K levels
NZD/USD Technical Analysis 🧠 NZD/USD Technical Analysis | Smart Money Perspective
Currently, the NZD/USD pair is trading around 0.5960, positioned between a well-defined resistance zone (0.6130–0.6150) and a support zone (0.5890–0.5900).
Here are the key technical aspects to note:
🔹 1. Liquidity Sweep
The price recently dipped below the previous swing low near 0.5900, tapping into a pool of sell-side liquidity. This move is typically seen as a liquidity grab, where institutional players push the price to trigger retail stop losses before reversing direction.
🔹 2. Double Bottom Formation
The chart suggests a potential double bottom forming at the support level — a classic sign of accumulation. This pattern indicates buyers may be coming in after liquidity has been cleared, expecting a reversal.
🔹 3. Fair Value Gap (FVG)
A Fair Value Gap, or imbalance, is visible between 0.5985 and 0.6015. This gap was created due to a sharp bearish move, leaving price action unbalanced. The price is now likely to retrace into this area to rebalance orders, which is typical smart money behaviour.
🔹 4. Market Structure Outlook
If the double bottom confirms with a bullish break of structure above 0.5980, we could see a continuation towards:
- First Target: FVG zone around 0.6015
- Second Target: Major resistance near 0.6150, where past distribution occurred
✅ Conclusion
This setup integrates key smart money concepts:
- Liquidity grab below support
- Accumulation phase at demand
- FVG as a target
- Potential bullish shift in market structure
Traders should keep a close watch on price action around the support zone for confirmation, such as a bullish engulfing candle or a break of recent short-term highs, before taking long positions. Targets remain at the FVG and resistance zones; however, sound risk management is crucial in case of a deeper sweep or any macroeconomic developments.
Nifty : possibility of a parallel channel break down• Nifty is trading in upward trending parallel channel for last 2 months.
• Multiple datapoint has confirmed the parallel channel.
• Nifty recently formed a M pattern and a lower low in 1 D time frame.
• Daily close is near to bottom of the channel.
• Closing below 25100 will confirm the channel break.
• Possible target is 24164 which will feel the downside gap.
• Wait and watch to catch the big fish.
• Happy trading!!!
Renderwithme | Bitcoin at resistance Bitcoin Price Analysis for Next Week (July 14–20, 2025)Predicting Bitcoin's price for the
upcoming week involves analyzing current market trends, technical indicators, and macroeconomic factors. Based on recent data, here’s a concise analysis for Bitcoin (BTC) for the week of July 14–20, 2025. Note that cryptocurrency markets are highly volatile, and predictions are speculative. Always conduct your own research before making investment decisions.Current Market OverviewCurrent Price: As of July 7, 2025, Bitcoin is trading around $108,000–$109,420.41, with slight variations across sources.
Recent Performance: Bitcoin has shown a modest upward trend, with a 0.56% increase over the past week and a 4.38% gain over the last month. It reached an all-time high of $112,000 on May 22, 2025, but recently pulled back from $110,000 due to whale transfers and macroeconomic uncertainty.
Market Sentiment: Sentiment is cautiously optimistic, with the Fear & Greed Index in the Neutral zone, indicating investors are accumulating during dips. Technical indicators suggest a bullish outlook, though short-term volatility is expected.
Technical AnalysisPrice Levels and Trends:Bitcoin is trading above key support levels at $106,700 and $103,709 (20-day and 50-day EMAs), with resistance at $109,800–$112,000. A weekly close above $109,000 could confirm a breakout, potentially targeting $113,500 or higher.
A descending triangle pattern is noted, with a potential breakout by early August. If bullish momentum persists, $110,000 is a key resistance to watch. Failure to hold above $99,000 could lead to a retest of $94,000–$96,000.
Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
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