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Fibonacci

OFSS: Setting Up for a Relief Rally?🔍 Introduction This analysis starts from the 1-hour timeframe, where price action shows signs of exhaustion at the tail end of a 5-wave decline. A classic ending diagonal in wave c, along with bullish RSI divergence, points toward a potential short-term reversal — possibly the start of Wave B in a larger A-B-C corrective structure. We then zoom out to place this setup within a broader W-X-Y correction that began from the 13,220 high. 🕐 1H Chart: Ending Diagonal + RSI Divergence into Key Zone Following the peak at 9775, price has been declining in what appears to be a ABC zigzag correction. Subwave 5 (within wave c) exhibits ending diagonal behavior, with overlapping internals and weakening thrust. Importantly, RSI has been printing higher lows, diverging strongly against lower price lows — a signal of potential bottoming. Price is also testing the 1.618 Fibonacci extension level. A decisive breakout above the upper trendline would confirm a likely transition into Wave B. 🟢 Watching closely for a decisive breakout / close above the channel. 📆 Daily Chart: W-X-Y Structure from 13,220 High Zooming out, ORACLE FIN SERV is unfolding a W-X-Y correction from its 13,220 high: Wave W completed as a zigzag down to 7038. Wave X unfolded as a zigzag rally, peaking at 9775. Notably, Wave C of X did not reach 100% of Wave A — signaling internal weakness. Wave Y is now developing as a red A-B-C structure, with Wave A possibly ending near the 8930 level. 🧠 Conclusion & Key Levels to Watch Wave A of Y appears to be nearing completion, supported by: Ending diagonal structure in wave C (1H) RSI bullish divergence Price stalling at 1.618 extension A breakout above the channel could mark the start of Wave B — potentially retracing 38–61.8% of the drop from 9775 📌 This setup offers both short-term and structural clues. I’ll post follow-ups as this unfolds. ⚠️ Disclaimer This post is for educational purposes only and does not constitute financial advice. Please do your own research and manage risk appropriately.
NSE:OFSSLong
by WaveXplorer
Tata Motors Holds at Key Support, Oversold Levels Hint at PotentTopic Statement: Tata Motors, heavily beaten down and still oversold, is clinging to crucial support that could define its next move. Key Points: * The stock has repeatedly taken support at the 61.8% Fibonacci retracement level, where it currently trades even today * Price is hovering just above the 180-day EMA, suggesting a delicate balance between support and further downside risk * A move up is possible from this oversold level, but if support breaks, the price could slide further toward the 400 zone
NSE:TMPVLong
by yogeshwar
FDC INDIA technical analysisFDC Ltd. is an established Indian pharmaceutical company known for its oral rehydration salts (ORS) and branded formulations across therapeutic categories like ophthalmology, dermatology, and nutraceuticals. The company has a stable domestic presence and a growing global footprint. It is currently trading at INR 479.65, within a consolidative mid-range zone after a multi-period correction. Key Levels Support Levels: INR 348.60, INR 398.40, INR 463.75 Swing Level: INR 479.65 Possible Upside: INR 634.35, INR 707.25, INR 800.10 Technical Indicators RSI (Relative Strength Index): At 58.36, the stock shows mildly bullish strength, suggesting room for further upward movement without being in overbought territory. Volume: Standing at 6.52M, current volumes appear healthy and consistent, supporting the case for sustained accumulation. Sector and Market Outlook FDC operates in the pharmaceutical and healthcare segment, benefiting from: Stable domestic demand for branded generic formulations Increasing traction in exports of ORS and ophthalmic products Government initiatives supporting healthcare access and API localization However, margin headwinds from regulatory pricing, raw material cost swings, and intensifying generic competition remain key considerations. Latest Developments Expansion Focus: Ongoing investments in manufacturing capacity and exports R&D Initiatives: Pipeline development in novel dosage forms and wellness products Financial Snapshot: Solid revenue growth with sustained margins and efficient working capital management in recent quarters Dividend Update FDC Ltd. declared a ₹5.00 per share dividend, consistent with its track record of prudent capital allocation and shareholder rewards. Analysis Summary FDC Ltd. appears structurally well-positioned, gradually regaining investor interest amid an improving sectoral backdrop. Technical indicators reflect a stable base with potential for trend continuation. The combination of consistent volumes, improving RSI, and strengthening fundamentals offers a favorable setup for medium-term participation by investors seeking pharmaceutical exposure.
NSE:FDCLong
by TechnicalAnalystSucrit
JSW ENERGY -- BULLISH VIEW-- EDUCATIONAL PURPOSEJSW ENERGY-- BULLISH VIEW-EDUCATIONAL PURPOSE Bounced from trendline support Sustained above trendline support for 6 weeks Enter on slight correction -- Near 495-500 Target 1 : 730 (48%)-- previous resistance Target 2 : 1184 (140%) -- (Fibo)-- Need to clear resistance near 770-- may enter in consolidation or reversal may be seen-- Need to be careful and patient Stop loss : weekly closing below 420 (-16%) Risk reward ratio (for first target) : 1:3 (for second target) : 1:9 Time frame 1 st target : 18 months 2nd target : 36-40 months Only long term (investment ) view, not for short term trading
NSE:JSWENERGYLong
by mgvirus1
4
Wipro Trades in a Tight Wedge After Support-Led ReversalTopic Statement: Wipro, a lagging IT stock, has shown signs of reversal after strong support at the 50% retracement level, with a wedge pattern hinting at a decisive breakout ahead. Key Points: * The stock retraced to the 50% Fibonacci level at 225, where it found strong support and reversed * Price had dipped below the 180-day EMA during the correction, further reinforcing the significance of the support zone * A wedge pattern is now forming, and a breakout on either side could define the next major move
NSE:WIPRO
by yogeshwar
IOC - Fascinated by the Fibonacci! Unveil the mesmerizing journey of Indian Oil Corp Ltd (IOC) on this captivating chart! Behold the Fibonacci levels, meticulously drawn two months ago, revealing a fascinating truth. Witness the price action align flawlessly with these golden ratios, a trader's dream come true. Marvel at the emerging head and shoulder pattern, hinting at a potential trend reversal. Anticipate an exhilarating uptrend as the pattern nears completion, sparking excitement. Strategize with a trailing stop from entry, safeguarding your gains with precision. Embrace proper risk management to navigate this thrilling market adventure. The 0.618 level at ₹154.48 and 0.786 at ₹109.75 have held strong, guiding the price. The current price of ₹146.73 teases a breakout, aligning with the right shoulder. Prepare for an upward surge, blending Fibonacci magic with pattern perfection!
NSE:IOCLong
by stocktechbot
MMP INDUSTRIES technical analysisMMP Industries Ltd. is engaged in the production of aluminum powders, foils, and specialty pastes used across defense, automotive, packaging, and construction sectors. It serves both domestic and export markets with a focus on customized high-performance material applications. The stock is currently trading at INR 267.85, showing price consolidation within a broader structural range. Key Levels Support Levels: INR 170.62, INR 232.02, INR 274.60, INR 309.65 Swing Level: INR 267.85 Possible Upside: INR 443.90, INR 505.30, INR 583.50 Technical Indicators RSI (Relative Strength Index): Currently at 51.69, suggesting neutral momentum. While not weak, the stock lacks directional conviction and awaits a fresh catalyst. Volume: Gradual pickup observed. Sustained accumulation around current levels, if paired with positive price action, could trigger directional movement. Sector and Market Outlook MMP operates in the industrial materials and value-added metals segment, which is favored in current macro conditions due to: Tailwinds from infrastructure and defense-led manufacturing demand Global push for lightweight and efficient packaging solutions Export diversification into regulated applications like pharma and pyrotechnics Challenges include fluctuating input costs, competitive intensity from global suppliers, and cyclicality in user industries. Latest Developments Capacity Expansion: Commissioning of new units for aluminum foil and atomized powder production Export Orders: Rising international sales, particularly in performance-sensitive applications Financial Performance: Sequential improvement in operating margins and an encouraging order pipeline Dividend Update Declared a ₹2.50 per share dividend, consistent with its capital-light approach and long-term reinvestment focus. Analysis Summary MMP Industries is showing early signs of accumulation within a broader consolidation phase. While it remains technically neutral for now, improving volume trends and stable fundamentals position it well for potential upside when broader sector momentum returns. Investors may consider keeping it on radar as a value pick within the industrial materials space.
NSE:MMPLong
by TechnicalAnalystSucrit
HCL Tech Recovers Strongly, Eyes Resistance at Key Double Top LeTopic Statement: HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone. Key Points: * The stock is moving in a mildly bullish up-trending channel * The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery * The 180-day moving average at 1400 provided strong support, confirming it as a key technical level * Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
NSE:HCLTECHLong
by yogeshwar
1
Charting the Climb – CRAFTSMAN on Track for a Trendline TakeoffHello traders! Hope you're all doing great. I'm closely watching Craftsman Automation Ltd ( NSE:CRAFTSMAN ) on the 3-hour chart, where a strong technical confluence is shaping up — combining channel support, Fibonacci retracement, and a bullish bounce. Recent Technical Highlights: 1. The stock has respected a well-formed ascending channel, with clean reactions to both upper and lower trendlines. 2. After a pullback from the recent high of ₹5,842, the price retraced to the 50% Fibonacci level (₹5,108.50) drawn from the swing low at ₹4,419.90 to the swing high at ₹5,842.30. 3. This level also aligns with the lower channel support and horizontal demand zone (Around ₹5150 - ₹5,250) — forming a triple confluence support. 4. The stock has now bounced from this zone and looks ready for a possible move back toward the channel high. Setup Summary: Entry Zone: ₹5,450 (Around current levels) Stop Loss: Below ₹5,057 (closing basis) Target: ₹6,278+ (channel top projection) Disclaimer: This is a personal analysis and not financial advice. Please do your own research and trade responsibly. Risk management is key. Thanks for reading! Let me know your thoughts or if you're tracking this setup too. Best regards, Anantesh
NSE:CRAFTSMANLong
by Ananteshm
BPCL Gains Momentum After Key Support, Faces Resistance AheadTopic Statement: BPCL has made a strong upward move in the recent rally, though key resistance levels and chart patterns suggest caution. Key Points: * A head and shoulders candlestick pattern is visible, indicating potential reversal signals to watch * The stock took heavy support at the 50% Fibonacci retracement level, where it also briefly dipped below the 180-day EMA * Price is currently facing resistance at the 23.6% Fibonacci level near 317, which may act as a short-term cap on further gains
NSE:BPCL
by yogeshwar
Trading Analysis for Gold Spot / U.S. Dollar (15-Minute Chart)Based on the provided 15-minute chart for Gold Spot / U.S. Dollar (XAU/USD), published by NaviPips on TradingView.com on June 25, 2025, at 03:52 UTC, here’s a suggested trading setup for a sell position: Current Price and Trend: The current price is 3,322.840, with a slight decline of -0.190 (-0.01%). The chart shows a recent downtrend with a potential resistance level near the current price. Sell Entry: Enter a sell position at 3,323.400 (near the current price and entry level marked), as it aligns with a resistance zone where the price has struggled to break higher. Stop Loss: Place a stop loss at 3,357.864, above the recent high, to protect against an upward breakout. This level is approximately 34.464 points above the entry, defining the risk. Take Profit Levels: Take Profit: 3,286.372, a target about 37.028 points below the entry, aligning with a support zone and offering a 1:1 risk-reward ratio as indicated on the chart. Price Action: The chart indicates a downtrend with a recent bounce that may be exhausting near the current level. The horizontal dashed line suggests a resistance area, supporting a sell setup. Risk-Reward Ratio: The distance to the stop loss (34.464 points) compared to the take profit (37.028 points) provides a balanced 1:1 risk-reward ratio, making this a reasonable short-term trade. Conclusion Enter a sell at 3,323.400, with a stop loss at 3,357.864 and a take profit at 3,286.372. Monitor the price action for confirmation of a continued downtrend, and be cautious of potential reversals if the price breaks above the stop loss level.
OANDA:XAUUSDShort
by NaviPips
Natural Gas Futures: Triangle Breakout and New Impulse UnfoldingNatural Gas Futures (MCX) is showing an interesting Elliott Wave structure unfolding. After completing a corrective Y wave near 133.6, prices started a well-defined impulsive advance. The initial advance took shape as a 5-wave structure (yellow degree), completing wave 1 at 261.2, followed by a healthy correction into wave 2 at 156.7. The subsequent rally carved out another 5-wave pattern (green degree), pushing prices toward 407.8, marking a likely completion of wave 3. The corrective wave 4 unfolded as a typical contracting triangle (ABCDE), finding support around 297.3. This triangle structure respected the Elliott guidelines quite well and indicates a potential setup for the next impulsive leg higher. Post-triangle, the initial move up to 359.2 can be counted as wave i of the next larger impulse. The ongoing retracement has pulled back close to 61.8%–78.6% Fibonacci levels, a common zone for wave ii corrections. The RSI continues to print higher lows, supporting the underlying bullish sequence. The invalidation zone is clearly marked around 297.3. As long as price remains above this level, the possibility of an ongoing bullish impulse remains valid, with eventual targets extending much higher toward the 1.618 projection zone near 503. This remains a developing wave count, with structure still unfolding. Monitoring how price reacts around current levels will provide further clues whether the larger bullish sequence resumes or deeper correction emerges. 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.
MCX:NATURALGAS1!Long
by WaveXplorer
KKCL technical analysisKewal Kiran Clothing Ltd. is currently trading at INR 501.70, positioned in a long-term consolidation phase with potential breakout implications. The company owns premium fashion brands like Killer, Integriti, Lawman Pg3, and Easies, and is steadily expanding its footprint across India’s Tier-2/3 cities and online platforms. Key Levels Support Levels: INR 266.10, INR 386.05, INR 520.00 Swing Level: INR 578.75 Target Zones: INR 866.40, INR 986.35, INR 1,139.20 Technical Indicators RSI (Relative Strength Index): At 44.91, momentum is in neutral territory. The stock may be forming a base, with upside potential once RSI crosses 50 with volume confirmation. Volume: At 2.24M, volumes are steady. Breakouts are more reliable when accompanied by volume spikes near resistance levels. Sector and Market Outlook KKCL operates in the branded apparel and lifestyle sector, benefitting from: Casualwear demand recovery post-pandemic Growth in organized retail and digital sales Increased urban fashion spending among aspirational consumers However, high competition, inflation in textile inputs, and discretionary spending sensitivity continue to be sectoral challenges. Latest Developments Retail Expansion: Continued rollout of exclusive outlets and stronger presence on fashion marketplaces like Myntra and Amazon Product Strategy: Focused refresh of brand collections and marketing campaigns to boost visibility Financial Snapshot: Recent quarters reflected modest revenue growth with resilience in gross margins despite cost pressures Dividend Update The company declared a ₹9 per share dividend, underscoring its commitment to capital discipline and rewarding long-term shareholders. Analysis Summary KKCL is forming a classic technical base, with the 578.75 swing level as the key breakout trigger. Upside targets up to ₹1,139.20 are plausible if momentum builds, supported by robust retail fundamentals. Traders may track RSI reversals and volume spikes, while long-term investors could consider gradual accumulation at current levels, aligned with sector recovery.
NSE:KKCLLong
by TechnicalAnalystSucrit
AU Small Finance: Final Push or Start of a Pause?AU Small Finance Bank has delivered a impulsive rally over the last few months. Starting from the March lows near 478, price unfolded into a clean 5-wave structure that carries all the classical Elliott Wave characteristics. Each leg followed the rules beautifully — with Wave 3 extending nicely, Wave 4 forming a triangle, and Wave 5 launching higher from there. At present, Wave 5 has already reached 808, which satisfies the minimum Fibonacci projection of 1.0 (792) measured from Waves 1 through 3. However, it remains slightly open whether this fifth wave has fully matured. The upper target zone extends toward 1.618 projection, near 855, and price action in the coming sessions will be crucial in determining if there's a final push left before the larger corrective phase kicks in. Should Wave 5 be complete — or once it completes — the market would likely transition into a corrective phase labeled here as Wave 2 or B, depending on whether this rally was the beginning of a larger impulsive sequence or part of a more complex corrective structure. Typically, corrections following a full 5-wave impulse retrace deeper than most traders expect. The initial shallow support may emerge near the 0.382 retracement around 682, but more meaningful supports sit at 0.5 retracement near 643 and potentially even 0.618 near 604. These zones will be critical to watch as the structure unfolds. Invalidation for this entire bullish structure would sit below the origin of Wave 1, meaning any sustained breakdown below 580 would negate the bullish scenario entirely. But for now, the focus remains on watching how price behaves inside this final leg of Wave 5 — whether it's already done, or teasing a last-minute extension toward 855 before correcting. As always, market structure will continue to guide the next moves, and updates will be made as price action evolves. 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.
NSE:AUBANKShort
by WaveXplorer
2
BEL hits key level, a cool off ahead before next leg up?Bharat Electronics is unfolding a clean impulse. After completing Wave ii at 304.80, price surged into Wave iii, which has now reached the 1.618 Fibonacci extension near 410. Interestingly, while price made new highs, RSI is showing early signs of bearish divergence, hinting at a possible Wave iv pullback. The retracement zone between 385 and 370 may act as support before the uptrend resumes. As long as price holds above 319, the bullish structure remains valid. 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.
NSE:BELLong
by WaveXplorer
Nifty Thought Process and Analysis (Multi-Timeframe Breakdown)🔹 4H Timeframe (Intraday to Short-Term Swing) Current Price: ~24,807 Price is consolidating inside a liquidity pocket just below a Fair Value Gap (FVG) zone. Sell-side liquidity has already been swept; signs of accumulation are visible. Three internal FVGs identified—market is respecting these inefficiencies. Volume imbalance + EQ (Equal Lows) and previous OB (Order Block) show that price may be building a base. Market Structure: Minor BOS (Break of Structure) observed, but no new HH yet — compression inside a range. ✅ Bullish Bias IF price breaks above the FVG range and mitigates the supply. 📌 Long Setup Idea: Entry: Above 24,900 Stop Loss: Below EQ/FVG (~24,650) Target: 25,200–25,400 (Buy-side liquidity/weak high zone) 📛 Invalidation: Clean break below EQ zone + OB → indicates bearish continuation. 🔹 Daily Timeframe (Swing View) Price respected the sell-side liquidity grab and is now consolidating within a bearish FVG range. Minor BOS confirms short-term bullish correction, but macro context is mixed. PWL (Previous Week Low) has been swept, giving confluence to bullish short-term reversal. Upper FVG near 25,100–25,200 remains unmitigated. 🧠 Key Observation: Smart money often reverses price after sweeping liquidity → the VI (Volume Imbalance) zone may act as a launchpad. 🔹 Weekly Timeframe (Macro Structure) Structure remains bullish with strong upside momentum since the March-April reversal. Change of Character (ChoCH) in April is confirmed with multiple BOS candles. Current price is holding above the weekly FVG + VI. A large bullish OB sits between 22,400–22,800, indicating massive institutional accumulation. 📈 Weekly Bias: As long as price stays above 24,400, bullish targets of 25,600 are possible in coming weeks. 🧩 Conclusion & Trade Idea Summary (ICT-based) Bias: Bullish (Short-term accumulation, preparing for expansion) Entry: Break and close above 24,900 on 4H or Daily Stop Loss: 24,640 (Below EQ zone/FVG boundary) TP1: 25,200 (Buy-side liquidity) TP2: 25,400–25,600 (Weekly premium zone/weak high)
NSE:NIFTY
by Official_LUSER
HARIOM PIPES technoFunda analysisHariom Pipe Industries Ltd. (NSE: HARIOMPIPE) is currently trading at INR 399.65, reflecting a 2.70% gain. The company specializes in manufacturing MS pipes, scaffolding structures, and steel tubes, catering to industries such as construction, infrastructure, and engineering. Key Levels Support Levels: INR 323.10, INR 399.65 Swing Level: INR 414.68 Possible Upside Levels: INR 537.50, INR 765.10, INR 886.00, INR 1,040.00 Technical Indicators RSI: The Relative Strength Index (RSI) is at 45.35, indicating neutral momentum, meaning the stock is in a consolidation phase before a potential trend shift. Volume: Trading volume is moderate, suggesting consistent investor participation. A volume surge near key levels could validate a breakout. Sector and Market Context Hariom Pipe Industries Ltd. operates in the steel and infrastructure materials sector, which has seen steady demand growth, supported by government-led infrastructure projects and private construction expansion. The industry benefits from rising urbanization, industrial investments, and the need for durable piping solutions. However, factors such as raw material price volatility, global steel pricing trends, and competition from larger industrial players could influence the company’s long-term growth prospects. Latest News and Developments Market Trends: Positive sentiment toward steel manufacturers, driven by increased public and private sector construction spending. Analyst Ratings: Some analysts maintain a stable outlook, citing consistent order inflows and operational efficiency. Quarterly Results: Recent earnings reports highlight steady revenue growth, backed by higher demand for MS pipes and steel fabrication materials. Dividend Update: Hariom Pipe Industries Ltd. has declared a dividend payout of ₹4 per share, reinforcing its commitment to shareholder returns. Analysis Summary Hariom Pipe Industries Ltd. exhibits neutral technical signals, with RSI and price action suggesting potential accumulation before a breakout. The stock benefits from sector tailwinds, driven by strong infrastructure investments and steady demand for industrial piping solutions, though market risks such as raw material costs and pricing competition should be monitored. Investors should track price movements near resistance levels, volume trends, and broader industry updates before making strategic decisions.
NSE:HARIOMPIPELong
by TechnicalAnalystSucrit