Union Bank :-12-year Cup & Handle (Monthly)
This is a textbook cup & handle on the monthly timeframe — one of the highest-reliability bullish continuation patterns. The cup base formed over roughly 2014–2025, with the rim at ₹190–200. The stock broke above that rim in early 2026, and the current candle is pulling back to retest it — that pullback IS the handle.
Indicators confirm:
RSI at 64.48 — strong momentum without being overbought. Plenty of room to run before hitting 70–80.
MACD histogram is turning positive with the signal line crossover — momentum is with the bulls.
Volume on the breakout candle (285.9M) is above the prior average — breakouts on high volume are far more reliable.
Trade Plan:-
Buy zone 1₹180–175 Primary accumulation — handle retest
Buy zone 2 ₹165–155 Add more if deeper pullback
Target 1 ₹250–260~40% Target 2 ₹300–320 ~70%
Fibonacci Retracement
XAUUSD (H1) — NFP Day Sell remains the main plan while price stays below the descending trendline
Today is an NFP session, and gold often whipsaws both sides before the real direction shows up. So instead of guessing tops/bottoms, the focus is on levels + reaction.
On H1, the structure is still under pressure: price remains below the descending trendline, and the bounces so far look like technical pullbacks within a short-term bearish phase.
Key zones on the map
Sell zone (primary focus)
Around 5,150 – 5,165 (supply + close to the descending trendline).
This is the area to watch for a clean rejection to follow the main bias.
Mid support / scalp buy area (reaction zone)
Around 4,960 – 4,980
This can produce a technical bounce, but it’s not a preferred swing-buy area if selling pressure stays strong.
Main buy zone (after the flush)
Around 4,800 – 4,820
This is where a stronger reaction is more likely, suitable for looking for a proper rebound after liquidity is cleared.
Trading scenarios
Primary scenario: Sell the retest
If price pulls back into 5,150 – 5,165 and shows weakness (upper wick / rejection close / failure to hold above the zone)
→ Look for SELL
→ Target 1: 5,000
→ Target 2: 4,960 – 4,980
→ Target 3: 4,800 – 4,820
No-sell scenario: acceptance above the zone
If price closes and holds above the sell zone and breaks the descending trendline
→ Avoid forcing shorts and wait for a retest to reassess direction.
NFP note (risk control)
During the release window, it’s safer to reduce size, avoid jumping in at the exact print, and wait for a confirmed candle close to avoid getting swept.
Takeaway
Sell is the main point today — but only if price retests 5,150–5,165 and rejects. If the market dumps hard, the key reactions to watch are 4,960–4,980, and especially 4,800–4,820 for a higher-quality bounce after the flush.
Which NFP path do you expect: retest higher then drop, or straight dump to grab liquidity first?
HDFC Bank Pullback Into Support Zone — Watching for a ReactionPrice had been respecting a rising trendline for most of this move up, but that structure has now broken with a strong push down. The drop also took price below the 21W VWMA (Yellow), which signals short-term momentum has shifted.
Right now price is sitting around the 0.382 Fibonacci retracement (~865) and trying to stabilize. If selling continues, the next areas I’m watching are ~834 (0.5 Fib) and ~789 (0.618 Fib + strong demand zone).
The bigger picture trend is still intact for now, but this looks like a healthy pullback phase rather than continuation.
Personally, I’d be more interested in buying a reaction closer to 834–790, where multiple supports line up. That zone would offer a cleaner risk-reward if buyers step back in.
If price reclaims the 21W VWMA and moves back above ~940, that would be the first sign that bulls are regaining control.
For now, watching how price behaves at these retracement levels.
Gold Volatility Ahead – 5160 Determines the Fate of BuyersGold Volatility Ahead – 5160 Determines the Fate of Buyers
MACRO
The US–Israel–Iran conflict continues to escalate.
Iran has threatened to close the Strait of Hormuz.
However, gold is currently trading in a difficult and highly volatile manner.
SCENARIO
Priority is to look for buy opportunities in line with the trend,
but avoid chasing price – no full mode entries.
SUPPORT
5220–5230 | 5200 | 5170 | 5130
RESISTANCE
5340 | 5389 | 5420 | 5445–5450 | 5499–5500 | 5560 | 5600
MARKET STRUCTURE DECISION ZONE
5160–5170
Holding above this zone → bullish structure remains valid.
Break below → bullish structure weakens.
NOTE
Despite geopolitical tensions, gold is not moving in a straight line.
Multiple liquidity sweeps and long wicks indicate stop hunts.
Manage risk carefully and avoid emotional entries.
SCHNEIDER: Posted Execllent Q3FY26 Numbers, Chart of the MonthSchneider Electric Infrastructure: The Power Play That Just Reclaimed a Critical Level, and the Clock Is Ticking for Bulls after the Company Posted Excellent Q3FY26 Numbers. Let's understand in our "Chart of the Month."
As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate.
Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational 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.
Price Action Overview:
- The monthly chart captures a long-duration price journey from a multi-year base near ₹58 (all-time low) through a parabolic rally peaking at ₹1,052, followed by a sharp correction, and now a meaningful recovery candle closing at ₹922.65, which is a +33.18% monthly move.
- The current candle (Feb 2026) is one of the most decisive single-month green candles the stock has printed since its 2020–2022 re-rating phase, suggesting a strong demand-side impulse at this juncture.
- The stock staged a full round trip: from the base zone near ₹571–₹588 back up through multiple Fibonacci resistance zones, reclaiming the 61.8% retracement level on a closing basis, which is a technically critical development.
Volume Spread Analysis:
- The February 2026 volume bar is visibly elevated versus the prior several months' average, and importantly, it accompanies a bullish price candle, a classic bullish volume confirmation.
- The 20-period moving average on volume remains subdued, indicating this surge in volume is an outlier event, likely driven by institutional accumulation or index-related flows triggered by the Q3FY26 results.
- During the correction phase (mid-2024 to early 2026), volumes had been declining, consistent with a healthy correction on drying liquidity. The sudden spike now suggests fresh money entering rather than short-covering alone.
- Historically, the most significant volume spike on this chart occurred around mid-2022 at the peak, a distribution signal in hindsight. The current volume surge at a recovery point is structurally more constructive.
Base and Support Identification:
- Primary Base Zone: ₹571–₹600. This is the long-standing structural base where the stock consolidated for multiple months (2018–2020) before its re-rating. The green horizontal band visible on the chart marks this demand zone precisely. It acted as a launching pad for the 2020–2024 bull run and held firmly during the recent correction.
- Immediate Support: ₹868 (0.618 Fib). Having reclaimed this level with force, it now acts as the first support on any pullback.
- Secondary Support: ₹755–₹811 zone (0.382–0.5 Fib confluence). A retest here would present a buying opportunity without technically breaking the recovery structure.
- Tertiary / Last Defence: ₹685 (0.236 Fib). A close below here on a monthly basis would be structurally damaging.
Resistance Zones:
- ₹949.25 (0.786 Fib): First overhead obstacle. Expect sellers and prior longs to emerge around this level.
- ₹1,052 (All-Time High): The key breakout trigger. A clean monthly close above this level would signal a fresh leg into uncharted territory and could catalyze a significant re-rating.
Fundamental Backdrop
Company Overview:
- NSE:SCHNEIDER is a Vadodara-based subsidiary of the global Schneider Electric group, incorporated in 2011. It manufactures and services advanced electrical equipment, including distribution transformers, medium-voltage switchgear, ring main units (RMUs), SCADA systems, and substation automation products.
- Annual revenue growth of 20% is outstanding, a pre-tax margin of 13% is healthy, and an ROE of 56% is exceptional.
- Annual revenue for FY2025 increased 20.09% to ₹2,661.28 crore, while annual net profit surged 55.72% to ₹267.89 crore.
- Q3FY26 revenue rose 20.1% YoY to ₹1,029.2 crore, though net profit saw a sequential dip due to margin compression, a temporary execution hiccup rather than a structural deterioration.
- The P/E ratio stands around 82x, which is rich but justified given the growth runway, sector tailwinds, and promoter backing (75% promoter holding as of Dec 2025).
Order Book and Execution:
- Q3FY26 results highlighted growth in data centers and clean energy segments. Orders secured span transformers, semiconductor fab support, and utility-scale substation projects.
- Revenue recognition and project execution timelines remain the primary near-term variables to monitor.
Sectoral and Thematic Backdrop:
India Power Infrastructure Supercycle:
- India plans to double capex to ₹72,72,600 crore (US$850 billion) by 2030, with ₹25,66,800 crore (US$300 billion) directed to power and transmission. This is the single largest sectoral capex commitment in the country's history and positions SEIL at the epicenter of this spending.
- In FY25, India consumed 1,694 billion units of power: 33% higher than in FY21, with peak demand expected to reach 277 GW in FY26.
- Rising demand from renewable integration, grid modernization, and electrification of transport creates a structural demand environment for SEIL's products that extends well into the next decade.
Data Center Boom:
- India's data center capacity is expected to grow exponentially from 1.4 GW to 9 GW by 2030, consuming approximately 3% of India's electricity.
- The government's tax holiday on data centers till 2047 (noted by the chart's author) dramatically reduces the cost of ownership for data center operators, accelerating build-out timelines. Every new hyperscale facility needs the kind of MV switchgear, transformers, and substation automation that SEIL manufactures, making the company a direct infrastructure pick on the data center theme.
Semiconductor Manufacturing:
- India's push to establish domestic semiconductor fabs under the PLI scheme and the India Semiconductor Mission creates fresh demand for high-reliability power distribution and automation systems. Fab environments require ultra-stable and redundant electrical infrastructure, SEIL's core competency.
Nuclear Energy:
- The Indian government has set a target to install 100 GW of nuclear capacity by 2047, with steps initiated to reach 22.5 GW by 2031-32, and aims to develop at least five indigenous small modular reactors (SMRs) by 2033. Nuclear power plants are among the most switchgear- and transformer-intensive infrastructure projects imaginable, representing a long-duration order book opportunity.
- The Nuclear Shanti Bill is aimed at liberalizing nuclear participation, expanding the addressable market further for companies in the electrical infrastructure space.
Competitive Positioning:
- SEIL benefits from a strong parent in global Schneider Electric, with access to proprietary EcoStruxure platform technology. It operates across 9 manufacturing facilities in India and holds a deep customer base in state utilities, PSUs, oil and gas, and industrial sectors.
- Key competitors include ABB, Siemens, GE T&D, and CG Power, but SEIL's focused India-centric business model and parent brand give it a differentiated position in both product quality and customer trust.
My 2 Cents:
- Technical setup: Bullish reclaimed 61.8% Fib, strong volume confirmation.
- Base: ₹571–₹600 (structural), ₹868 (immediate).
- Supports: ₹868 → ₹811 → ₹755 (descending order of proximity).
- Resistances: ₹949 (0.786 Fib) → ₹1,052 (all-time high).
- Key risk: Execution on the order book and margin recovery trajectory in Q4FY26.
- Fundamental verdict: High-quality infrastructure play with a multi-year growth runway across power, data centers, semiconductors, and nuclear at a premium but arguably justifiable valuation.
- Watch: A monthly close above ₹949 would set up a fresh all-time high attempt. Conversely, a failure to hold ₹868 on any pullback would warrant caution.
Full Coverage on my Mid-Week Newsletter coming Wednesday.
Keep in the Watchlist and DOYR.
NO RECO. For Buy/Sell.
📌Thank you for exploring my idea! I hope you found it valuable.
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👍BOOST if you found it useful.
✍️COMMENT below with your views.
Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback.
As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate.
Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational 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 50 – 2H TF ANALYSIS FOR 10.02.26NIFTY currently trading around the 0.7 Fibonacci retracement (~25,838) which is acting as an immediate decision level.
📊 Market Structure:
• Overall structure still corrective (range bound after displacement)
• Sharp rejection candle near highs = possible distribution wick
• Price approaching higher timeframe supply
🧠 Key Levels:
🔼 Strong Supply Zone: 25,993 – 26,173
If price reaches this zone → look for bearish confirmation
🔽 Support Levels:
25,838 – Intraday decision level
25,477 – Major support (0.5 level)
24,573 – Swing low (liquidity pool)
📍 Trading Plan:
Bullish above 25,838 with continuation towards supply zone 25993-26173
Bearish only after rejection inside supply zone
Wait for confirmation (BOS / CHoCH / liquidity grab) — no blind entries.
Note: I am not a SEBI registered research analyst. Hence, this post is for Educational Purpose only.
Regards
Bull Man
Chumtrades XAUUSD Has Wave B finished?GOLD – DAILY PLAN
Has Wave B finished?
→ No confirmation yet.
Macro & Market Sentiment
US–Iran negotiations have been cancelled. Geopolitical risks remain, but not strong enough to trigger a new bullish wave.
Gold experienced a relatively calm trading session, failed to break above the key level around 5,100, and saw a moderate pullback during the US session.
The Daily candle formed a Spinning Top, indicating market indecision and consolidation, with a lack of momentum for a breakout.
👉 Macro factors are supporting prices, but not pushing the market into an immediate uptrend.
Technical Structure & Outlook
Price is still moving within a descending price channel.
On the H1 timeframe, price has broken above the 4,888 key level, showing a technical rebound.
However, the higher timeframe structure remains bearish, with no confirmed trend reversal.
→ Therefore, current rebounds are considered pullbacks within a downtrend.
Key Levels
Support: 4,810 | 4,830 | 4,700–4,750 | 4,650–4,624
Resistance: 4,950–5,000 | 5,100
Trading Scenarios
Primary strategy: Sell the rallies within the descending channel.
Look for SELL setups near resistance zones, targeting lower lows.
Momentum SELL may be considered if price clearly breaks below 4,882–4,890, with confirmation on H2 or H4, targeting around 4,810.
No BUY positions while price remains inside the descending channel.
👉 Only if price breaks and holds above 5,100, will we start reassessing a trend-following BUY scenario.
👉 Deeper pullbacks are viewed as potential zones for swing BUY opportunities, not short-term buys at this stage.
Note: The market is in a “confidence-testing” phase. Focus on zone-based trading, trend alignment, reduced position size, and avoid FOMO.
Wave B Has Rebounded 15% Bottom Confirmed at 4,400?Wave B Has Rebounded 15% – Final Bottom or a Trap Before Wave C?
After a strong rally in yesterday’s Asian session, gold moved into consolidation during the European and US sessions, with a failed breakout late in the US session. In today’s Asian session, price broke above the 4,882–4,960 range, confirming it as a new buy-side base.
Gold has rebounded ~15% from the 4,404 area, driven by dip-buying demand and rising US–Iran geopolitical tensions, which remain a key catalyst alongside this week’s economic data.
From an Elliott Wave perspective, 4,400 marks the Wave A bottom. The market is now in a Wave B corrective rebound, with potential upside toward 5,140 – 5,200 – 5,220. Once Wave B completes, Wave C may follow, where signs of weakness and distribution will be watched to identify new swing-buy zones after the correction.
Support: 4,990–4,950 | 4,880–4,890 | 4,780–4,750 | 4,650–4,624
Resistance: 5,140 | 5,200 | 5,220
Note: Volatility remains elevated. Trade cautiously with strict risk and capital management.
Gold ATH after FOMC: Reaction or New Wave?Before the FOMC meeting, the market shared the same question:
would gold rally ahead of the meeting and then face a sharp sell-off afterward, or continue breaking higher and extend the trend?
After the FOMC, the Fed kept interest rates unchanged — which was not a surprise.
What really mattered was the Fed’s tone, and Powell clearly chose a balanced stance:
neither too dovish nor too hawkish.
More importantly, the Fed has effectively ruled out further rate hikes, while still maintaining a high interest-rate environment.
As a result, gold did not experience a heavy sell-off after the FOMC, and continues to hold its structure near the highs.
At this stage, market focus is shifting toward external risk factors:
The risk of a U.S. government shutdown
U.S.–Iran tensions
Ongoing trade war risks with major partners
Questions surrounding the independence of the Fed
👉 The current macro backdrop is not bearish for gold.
👉 SELL setups are reactionary, not the core narrative of the trend.
⏱️ H1 Observation Range
Lower bound: 5,415
Upper bound: 5,600
Price is consolidating near the highs with a wide range and may gradually push toward higher round-number levels.
🟢 Support / BUY zones
5,505 – 5,410 – 5,310 – 5,250 – 5,100
🔴 Resistance / Key observation zones
5,660–5,665 – 5,700 – 5,800 – 6,000
🧠 Primary scenario
Wide volatility → risk management is key.
SELLs are only short-term reactions at resistance.
BUY pullbacks to support to ride the broader move, not to pick the top.
⚠️ Key notes for the current phase
Reading the chart is a skill.
Reading the Fed is a strategy.
Reading Trump’s statements is survival.
Markets don’t reward being right —
they reward discipline and alignment with the trend.
👉 SELL to react — BUY to stay in the game.
📌 Follow me to track macro scenarios, key price levels, and the ongoing journey of finding opportunities in the market.
Gold at ATH before FOMC shakeout first or straight breakout?🧭 Macro Snapshot
Donald Trump maintains a hardline stance, increasing military presence in the Middle East → geopolitical risk remains elevated.
Tonight’s key focus: Federal Reserve
Political pressure and questions around Fed independence.
DXY continues to weaken, retesting major historical support (2020–2022) → supportive for gold.
👉 Conclusion: Geopolitics + a weaker USD set the bullish bias, while the Fed determines short-term volatility.
📊 Intraday Range to Watch
Upper range: 5,280 – 5,305
Lower range: 5,190 – 5,160
→ High probability of range trading and liquidity absorption ahead of the Fed decision.
🟢 Support
5,220–5,225 | 5,150–5,165 | 5,080–5,085 | 5,050–5,060
🔴 Resistance
5,280–5,294 | 5,300 | 5,315 | 5,380–5,385
⚠️ Strategy Notes
Expect possible fake moves / stop hunts within the range.
Avoid chasing highs or catching tops without confirmation.
Focus on price reaction at key levels and stay disciplined.
Summary: Gold is fundamentally supported, but today the key is how price reacts within 5,160–5,305.
Be patient — wait for confirmation — trade the reaction.
Next week: Will gold listen to the Fed… or the White House?🔎 Context
Next week could be highly volatile as monetary policy and geopolitics converge.
Donald Trump signaled a potential 100% tariff on Canadian goods if Canada moves closer to trade deals with China—raising trade-war risks.
At the same time, military assets are being deployed en masse around Iran, heightening concerns that tensions could escalate.
👉 Safe-haven flows may return, with gold potentially opening the week gap-up and early buying.
🧠 Quick take
Primary trend: Bullish
At elevated prices: a short, sharp shakeout is possible to absorb liquidity
No top/bottom calls—watch price reactions at key zones
📌 Key levels to watch
🟢 Supports: 4920–4900 | 4890–4882 | 4850–4830 | 4660–4640
🔴 Observation resistances: 5006–5030–5090 | 5110–5115 | Current ATH
🎭 Weekly scenarios (reference only)
Early week: Gap-up / early push
Pre-FOMC: Chop & liquidity sweep
Then: Deep shakeout or base-building and continuation
👉 Distribution at the top—or just a pause before the next leg higher?
Chumtrades XAUUSD H2 | Is the Liquidity Sweep Over?Chumtrades – XAUUSD H2 | Has the Liquidity Sweep Finished, or Is There More Downside Ahead?
On Friday, the market reacted strongly after Trump’s comments regarding Kevin Hassett, when Trump expressed his preference for Hassett to remain in his current role rather than taking a new position.
👉 As a result, gold printed a long wick liquidity sweep back into the prior ATH zone, around 4530–453X, before closing back above 456X.
This brings us to the key question:
Was this sweep enough for the BUY side, or is the market still looking to test lower levels?
Political developments will be a key driver for gold direction in the coming week.
📰 Key Political Factors to Monitor
1. Trump – Greenland
The US has imposed 10% tariffs, with the possibility of increasing them to 25% on countries that do not support the annexation of Greenland
No fixed deadline, tariffs remain until Greenland becomes part of the US
→ This is a supportive factor for gold, especially amid rising geopolitical uncertainty
→ This news may directly impact the market open
→ If price reacts strongly, avoid SELLs near resistance
2. Iran – Protests
Monitor the risk of Trump returning to direct intervention
→ A potential headline-driven volatility trigger
🟢 Key Support Zones to Watch
4530 – 4535
4515 – 4510
4480 – 4482
4462
4410 – 4407
🔴 Key Resistance Zones to Monitor
4618 – 4628
4648 – 4650
4655 – 4660
4698 – 4699
⚠️ Trading Notes
Price levels are zones for observation, not instant entry points
SELL setups around 462X must be evaluated based on news reaction
If momentum accelerates on headlines → stay flat and avoid trading against strength
💬 Question for the New Week
Is the market finishing its liquidity collection on the BUY side,
or was Friday’s sweep the final test before the next leg higher?
📌 Follow Chumtrades for proactive market analysis, structured trade planning, and risk management insights.
Gold Before CPI: Top or Trap?Catching Gold’s Top Before CPI: A Good Trade or a Psychological Trap?
🧭 1. STRATEGIC CONTEXT
Primary trend: GOLD remains in an uptrend; the higher-timeframe structure is still intact.
Macro backdrop:
CPI tonight may cause short-term volatility.
However, geopolitics is currently a stronger driver than CPI.
Key geopolitical risks:
Greenland tensions → escalating global strategic rivalry.
Protests in Iran, power and internet cuts → rising Middle East risks.
👉 Strategic implication:
Gold continues to be supported as a safe-haven asset → pullbacks are for buying, not for chasing shorts.
📊 2. CURRENT MARKET STRUCTURE
Price is:
Holding the ascending trendline
Consolidating in a box, compressing ahead of CPI
Market condition:
High probability of false breakouts
Top-catching traps are very likely before the news
📍 3. KEY PRICE LEVELS
🔴 RESISTANCE
4,680 – 4,700
→ Previous high / ATH zone
→ Reactive sells only if clear rejection appears
4,655 – 4,660
→ Intermediate resistance, easily swept pre-CPI
🟣 CONSOLIDATION BOX
4,595 – 4,630
→ Sideways range ahead of CPI
→ No FOMO inside the box
🟢 SUPPORT
4,545 – 4,550 → Major confluence support
4,480 → Medium-term support, trendline retest
4,420 → Deep support, last bullish structure zone
📝 4. IMPORTANT NOTES
Higher CPI:
May trigger a technical pullback
❌ Does NOT automatically mean a top
Lower / in-line CPI:
Gold may consolidate above highs and break ATH
Selling before CPI:
→ Reactive scalps only, no holding
Buying:
→ Only when price reaches key zones with clear reaction
🎯 5. STRATEGIC MINDSET
❌ Don’t force top-catching while geopolitics supports gold
✅ Focus on risk management – wait for zones – wait for confirmation
🧠 Before CPI: survival > profit
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.
AWHCL: Signs of Trend ReversalThe stock of AWHCL has shown signs of recovery after a prolonged downtrend that began in September. Recent price action suggests a potential shift in momentum, supported by multiple technical factors across daily and weekly timeframes.
The stock has bounced from a long-term support level marked on the chart. The recent retracement from the swing high and higher low aligns with the 61.8% Fibonacci level, a zone often considered significant for trend continuation, indicating strong bullish momentum.
A bullish MACD crossover occurred on the daily chart last week, and notably, a weekly MACD crossover has been confirmed today. This dual timeframe alignment strengthens the bullish outlook.
The RSI readings support the bullish scenario, reflecting improving momentum without entering extreme overbought territory.
On the daily chart, the stock has managed to close above the 200DEMA, a key indicator of long-term trend strength which also seen by volume growth.
Key Levels to Monitor:
Support Zone: Around ₹417 (critical level for trend validation)
Resistance Zone: Near ₹632, which coincides with the 1.618 Fibonacci extension level, often viewed as a potential target in bullish setups.
Disclaimer: This analysis is intended for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market participants should conduct independent research and consult a licensed financial advisor before making any investment decisions.
Bank Nifty - 23rd December Levels with TrendLines Bank Nifty – 23rd December Levels with Trendlines
Yesterday, only supply was created.
On Friday, that supply turned into demand.
If the market opens with a gap-up, then 23rd December supply will act as demand.
Check my Fibonacci levels – they are the most important for understanding the overall monthly direction.
Parallel Channel, Stubborn Gap & 0.5 Equilibrium RejectionDaily Timeframe Details
The left chart on the daily timeframe displays a parallel channel structure forming after an initial one-sided move.
A significant gap emerged within this leg, which price has approached multiple times—first entering the gap area from below but rejecting sharply to form a higher low, then pushing toward a higher high without fully filling it.
This illustrates how gaps often resist easy fills from either direction, acting as persistent reference zones that demand confluence for interaction.
Weekly Timeframe Context
The right chart provides the weekly timeframe for the same instrument, highlighting repeated rejections at the 0.5 equilibrium level.
These weekly rejections align precisely with the daily gap interactions and channel boundaries, demonstrating how higher-timeframe equilibrium can underpin lower-timeframe price behavior without implying direction.
Such multi-timeframe alignment offers educational insight into structural references in market analysis.
This post serves purely educational and observational purposes and does not constitute buy, sell, or investment advice. Always conduct your own research.
ChumTrades XAUUSD intraday outlookXAUUSD – Intraday Plan (M15)
Market Context
Price is currently ranging in a very tight consolidation.
Momentum is weak → market favors intraday range trading rather than chasing breakouts.
Short-term structure remains intact; focus on price reaction at key levels.
Daily Strategy
Main approach: trade the range, trade the reaction.
Buy at predefined support / Fibonacci zones, sell at clear resistance.
If a breakout occurs, wait for a retest before following the move.
Avoid entries in the middle of the range.
Key Buy Zones
4246 – 4244 (Fibo 0.5)
4236 – 4233 (Fibo 0.618)
4210 – 4208 (deep support reaction)
❌ Bullish structure invalidation:
M15 close below 4200
Key Sell Zones
4300 – 4305 (psychological resistance)
4310 (Fibonacci extension – reaction sell)
Special Notes (Friday)
No major economic news today, but it is Friday – end of week.
Price action may become choppy and unpredictable, especially during the US session (a pattern seen in recent weeks).
Risk management is key:
Focus on short-term trades
Take profits early
Avoid holding positions over the weekend
Good luck Bro !
Chumtrades XAUUSD Outlook – Will Gold Continue Sideways Today?🎯 XAUUSD – Sideway Day Before FOMC
1️⃣ Market Context
H4 is clearly moving sideways: small candle bodies – long upper and lower wicks, indicating hesitation before FOMC (occurring the night of the 11th into the morning of the 12th).
The price is currently locked in the H4 range:
Lower boundary: 4176–4180
Upper boundary: 4215–4218
Today I am observing the price moving sideways within this range.
2️⃣ Intraday Trading Strategy
🟢 BUY low – priority
Watch for reactions at the zones:
4180 – 4182
4174 – 4178 (bottom of H4 range)
4155 – 415X (most attractive BUY zone)
→ Short target: 4200 – 4210
→ SL below support zone by 100 pips
🔻 SELL high – priority
Watch for reactions at:
4212 – 4218 (top of H4 range)
4230 – 4233 (strong resistance – most attractive sell zone)
→ Target: return to mid-range 4190 → bottom of range 417X
→ SL above resistance zone by 100 pips
The nearest zone is 4202-4198, this entry can be considered
3️⃣ Expected Movement
Today → Sideways within H4 box 4176 ⇆ 4212.
Just trade according to the range: buy low – sell high.
Expected daily fluctuation range is 50-55 prices.
A true breakout may occur tomorrow or the day after, as the market prepares for this week's FOMC.
📌 Note
Prioritize candle reactions at price zones.
Avoid FOMO in the middle of the range.
Divide positions smaller than usual as the market tightens before major news.
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XAUUSD – Weekly outlookXAUUSD – Weekly outlook: structure points towards 4,580 as long as bulls hold the line
Brian – Favouring buy-the-dip setups while price holds above 3,996
1. Market overview – triangle break and trend confirmation
On the daily chart, gold has finally broken out of the long consolidation triangle, with Friday’s candle closing cleanly above the descending trendline that has capped price for weeks.
For me, this breakout is the first proper confirmation that the primary bullish trend is resuming.
The next major resistance on the chart sits around 4,246 – a key level I’m watching as a trend-confirmation line.
If price can break and hold above 4,246, the path towards the higher zone around 4,580 opens up, in line with the Fibonacci extension drawn on the chart.
In short: the structure into next week is bullish, with pullbacks seen as opportunities to position for a potential move towards new highs.
2. Technical structure – from breakout to extension targets
The breakout from the triangle comes after a sequence of higher lows bouncing off the rising trendline, indicating accumulation rather than distribution.
Below price, we have demand zones clustered around the 4,110 trendline area and deeper supports near 4,040 and 3,920.
Above price, the roadmap is fairly clear:
First, a test of 4,246 (local resistance & former supply).
Then the ATH / prior high region around 4,360–4,380.
Finally, the Fibonacci 1.618 extension projects into the 4,560–4,580 zone, which is my medium-term upside objective if bulls can maintain control.
As long as daily structure keeps printing higher highs and higher lows and price stays above the key invalidation at 3,996, I will continue to treat gold as buy-on-dip rather than looking for major tops.
3. Key zones & trading ideas for next week
I’m not treating this as a signal service, but here’s how I’m mapping the chart for my own trading:
Primary idea – Buy the dip into trendline / support
Watch zone: around the rising trendline near 4,110.
If price pulls back into this area early in the week and shows a clear rejection on H4/D1 (wick rejections, bullish engulfing etc.), I’ll be interested in building long positions.
Upside path:
First objective: 4,246 – trend-confirmation resistance.
If broken and retested from above, the next leg could extend towards 4,360–4,380.
Extension target: 4,560–4,580 in line with the 1.618 Fibonacci projection.
Secondary idea – Using Fibonacci zones on break above 4,246
If gold breaks and holds above 4,246, the Fibonacci zones between roughly 4,360 and 4,580 become interesting for scaling in / managing positions:
Partial profits or tight trailing stops can be considered as we approach 4,360–4,380.
Any healthy corrective pullback from that region that respects the rising structure could still offer add-on entries with the 4,580 zone as a medium-term target.
Invalidation:
A daily close below 3,996 would seriously damage this bullish structure and force me to reassess. Below that, I would step aside and wait for a new pattern rather than trying to force the long idea.
4. Fundamental backdrop – why gold still has a bid
From a macro point of view, gold is navigating a mix of:
Tariff and trade tensions, which keep hedging demand alive as investors look for protection against policy shocks.
Ongoing geopolitical risks and conflict, supporting gold’s role as a classic safe-haven asset.
A late-cycle interest-rate environment, where markets are increasingly focused on when and how aggressively central banks will adjust policy after a period of elevated rates and liquidity distortions.
This combination tends to limit the downside for gold: even when we see corrections, dip-buyers are never too far away, especially when the technical structure is aligned with the macro story.
5. Strategy & risk management
Into next week, my bias is clear: structure is bullish above 3,996, so I prefer buying pullbacks rather than trying to short into strength.
The trendline around 4,110 is my first area of interest for fresh longs; anything closer to 4,040–4,000 (if we see a deeper flush) would be considered an even better price, provided the daily structure doesn’t break.
As always, position sizing and stop placement are key – one good weekly move is far more valuable than several emotional entries trying to catch every candle.
What do you reckon – does this breakout have enough fuel to take us towards 4,580, or do you see a deeper correction setting up first? Feel free to share your view in the comments.






















