Get started

Indianstocks

Kalyan Jewellers: Wave Y Still at Play?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. Bigger Picture Kalyan Jewellers topped near 795.40 and has been in a prolonged corrective phase. The structure since then is not impulsive but rather corrective — pointing toward a Double Combo (W–X–Y) correction. Wave Structure Breakdown Wave W: A clean zigzag down into 399.40 , completing the first corrective leg. Wave X: Extended choppy consolidation into 616.00 , best interpreted as a connector. Wave Y: Currently unfolding as an A–B–C decline . If the pattern holds, another leg lower could complete the structure. Technical Confluence Support Zone: 399.40 remains a major demand area , historically respected by price. If retested, it could become the potential accumulation zone . Projected Trendline Resistance: The descending line from 795.40 to 616.00 may evolve into a key resistance barrier on the next test. RSI: Recent bounce came from oversold territory — a technical relief rally, not yet a trend change . Alternate Possibility If the 442.25 low already marked the end of Wave Y, the current rally could evolve into the start of a new impulsive sequence . Confirmation requires RSI strength above midline (50) and sustained closes beyond the projected descending trendline. Takeaway Kalyan Jewellers is most likely unfolding a Double Combo correction (W–X–Y) with Wave Y still in progress. Traders should watch the 399.40 demand zone as a decisive level. Holding it could set up the next bullish cycle, while a breakdown risks a deeper correction toward 336.05.
NSE:KALYANKJILShort
by WaveXplorer
2
Hidden Channels & Fib Golden Zone : Beauty of Price ActionObservational Post only Showcasing how price action works using historical price points only Observe how price elegantly respects this counter trendline on the weekly chart (red line), forging consistent lower highs through precise rejections. A subtle parallel channel lurks beneath, acting as a hidden guardian. Channels like these shield against fakeouts, confirming pure breakouts only when breached alongside key lines. Shifting to the monthly view, the Fib retracement from swing low to high highlights the golden zone (50 to 61%, white shaded), a magnet for retracements where price often pauses or reverses with stunning symmetry. This interplay reveals price action's beauty: layers of structure working in harmony, rewarding patient observers. Disclaimer: This is for educational purposes only, showcasing historical price action observations. Not financial advice. Always conduct your own analysis and manage risk appropriately.
NSE:JINDALSAWLong
by Averoy_Apoorv_Analysis
Indian Markets on Hold: Nifty Awaits the Next Big TriggerIndian markets remained range-bound last week, with the Nifty ending on a flat note. Participants stayed cautious as volatility showed early signs of revival, with India VIX inching up to 11.37. ◉ Technical Setup From a technical standpoint, the index briefly slipped below the rising wedge support, but the move failed to attract strong selling pressure. Nifty continues to consolidate in a narrow band, suggesting indecision rather than a trend reversal. This phase of consolidation is likely to extend into the coming week unless key levels are breached. ◉ Key Levels to Watch The broader structure remains unchanged from last week. Resistance: 26,000–26,100 Strong call writing in this zone makes it a tough hurdle. Support: 25,500–25,400 A solid put base is visible here, offering near-term support. A decisive break below 25,400 could open the door for a sharp downside move, pulling the index closer to 25,000. ◉ Key Triggers for the Week Q3 Earnings Season – Results from large and mid-cap companies across sectors will guide stock-specific action and influence overall market sentiment. India–US Trade Deal – Comments or policy moves around trade negotiations, especially related to agricultural tariffs, could impact sentiment and sectoral stocks. ◉ Weekly Outlook The near-term outlook remains neutral, with Nifty expected to trade within a defined range until a decisive breakout or breakdown occurs. ◉ Trader’s Insight Until Nifty decisively holds above 26,000, aggressive long positions across the board should be avoided. A selective, stock-specific approach, backed by strict risk management, is better suited to the current market environment.
NSE:NIFTY
by GoodluckCapital
DALBHARAT - STWP Equity Snapshot________________________________________ 📊 STWP Equity Snapshot – DALBHARAT (Educational | Chart-Based Interpretation) ________________________________________ 📌 Intraday Reference Levels (Structure-based) Reference Price Zone: 2184 Risk Reference (If price weakens): 2034 Observed Upside Zones: 2364 → 2485 These are areas where price may slow down, pause, or move faster in the short term. ________________________________________ 📌 Swing Reference Levels (Hybrid Model | 2–5 days | Observational) Reference Price Zone: 2184 Risk Reference (If support breaks): 1959 Higher Range Zones (If strength continues): 2633 → 2969 These levels help understand the bigger move, not daily noise. ________________________________________ 🔑 Key Levels – Daily Timeframe Support Areas: 2118 | 2059 | 2027 Resistance Areas: 2210 | 2243 | 2302 These zones show where price reacted earlier and may react again. ________________________________________ 📌 What the chart is showing (Simple view) Trend is up Price has moved up with strong volume Earlier resistance has been tested Buyers are still active near support This shows strength, but higher levels need patience. ________________________________________ 📊 Chart Structure & Indicator Summary Structure: Higher highs and higher lows | Cup & Handle–like structure (developing) Trend: Up Momentum: Strong RSI: Around 63 – healthy Volume: High – strong participation ________________________________________ 🔍 STWP Market Read DALBHARAT is showing clear bullish structure with strong buying interest. However, after a sharp move, risk is high, so price may pause or pull back before moving again. Strength is present — but risk control is important. ________________________________________ 📈 Final Outlook (Condition-Based) Momentum: Strong Trend: Up Risk: High Volume: High ________________________________________ 💡 STWP Learning Note Strong moves look exciting, but discipline matters more. Focus on structure, risk per trade, and review, not prediction. ________________________________________ ⚠️ Disclaimer This post is shared only for educational and informational purposes. It is not a recommendation or investment advice. Please consult a SEBI-registered financial advisor before making any trading or investment decision. ________________________________________ 📘 STWP Approach Observe price. Respect risk. Let structure guide decisions — not emotions. 🚀 Stay Calm. Stay Clean. Trade With Patience. ________________________________________ 💬 Did this snapshot help you understand the chart better? 🔼 Boost to support structured learning ✍️ Share your views in comments 🔁 Forward to someone learning price action 👉 Follow for simple, clean STWP insights If you want next: I can give TradingView tags for DALBHARAT Or make a single fixed template you can reuse daily
NSE:DALBHARAT
by simpletradewithpatience
AXISBANK - STWP Equity Snapshot________________________________________ 📊 STWP Equity Snapshot – AXISBANK (Educational | Chart-Based Interpretation) ________________________________________ 📌 Intraday Reference Levels (Structure-based) Reference Price Zone: 1308 Risk Reference (If price weakens): 1231 Observed Upside Zones: 1401 → 1462 These levels show where price may pause, react, or move faster during short-term action. ________________________________________ 📌 Swing Reference Levels (Hybrid Model | 2–5 days | Observational) Reference Price Zone: 1308 Risk Reference (If support fails): 1210 Higher Range Zones (If strength continues): 1503 → 1649 Swing levels help understand bigger price movement, not day-to-day noise. ________________________________________ 🔑 Key Levels – Daily Timeframe Support Areas: 1266 | 1232 | 1211 Resistance Areas: 1320 | 1341 | 1375 These are zones where price previously reacted, either by stopping, reversing, or moving faster. ________________________________________ 📌 What the chart is showing (Simple view) Trend is up Price recently moved strongly with good volume Earlier resistance was tested and crossed Some resistance ahead is still weak This means buyers are active, but price may pause at higher levels. ________________________________________ 📊 Chart Structure & Indicator Summary Structure: Higher highs and higher lows Trend: Up Momentum: Moderate RSI: Around 61 – strong but not overbought Volume: Above average – healthy participation ________________________________________ 🔍 STWP Market Read AXISBANK is showing positive price structure with improving momentum. However, since price has already moved fast, risk remains high at higher levels. Strength is visible — but patience and risk control matter here. ________________________________________ 📈 Final Outlook (Condition-Based) Momentum: Moderate Trend: Up Risk: High Volume: Moderate ________________________________________ 💡 STWP Learning Note Strong charts do not mean easy trades. Focus on structure, risk per trade, and review, not prediction. ________________________________________ ⚠️ Disclaimer This post is shared only for educational and informational purposes. It is not a recommendation or investment advice. Please consult a SEBI-registered financial advisor before making any trading or investment decision. ________________________________________ 📘 STWP Approach Observe price. Respect risk. Let structure guide decisions — not emotions. 🚀 Stay Calm. Stay Clean. Trade With Patience. ________________________________________ 💬 Did this snapshot help you understand the chart better? 🔼 Boost to support structured learning ✍️ Share your views in comments 🔁 Forward to someone learning price action 👉 Follow for simple, clean STWP insights If you want, next I can: Convert this into a TradingView-ready post Or make a fixed simple template for all bank stocks
NSE:AXISBANK
by simpletradewithpatience
BSE - STWP Equity Snapshot________________________________________ STWP Equity Snapshot – BSE Ltd (Educational | Chart-Based Interpretation) 📌 Intraday Reference Levels (Structure-based) Reference Price Zone: 2,800 Risk Reference (If price weakens): 2,609 Observed Upside Zones: 3,028 → 3,181 ________________________________________ 📌 Swing Reference Levels (Hybrid Model | 2–5 days | Observational) Reference Price Zone: 2,800 Risk Reference (If support breaks): 2,514 Higher Range Zones (If strength continues): 3,372 → 3,801 ________________________________________ 🔑 Key Levels – Daily Timeframe Support Areas: 2,717 | 2,643 | 2,602 Resistance Areas: 2,832 | 2,873 | 2,947 These levels explain where price has previously reacted and where it may pause, reverse, or accelerate again. ________________________________________ 🔺 STWP Chart Pattern Analysis Stock: BSE Ltd Pattern: Symmetrical Triangle Stage: Late formation (Mature) ⏱ Structure Timing Insight Duration: Around 203 days Maturity: Overextended The pattern has taken a long time to form, which lowers the quality of a quick breakout. ________________________________________ 📌 Why price is behaving this way Price has been moving between lower highs and higher lows Buyers and sellers are both active, but neither side is in control Long compression usually shows confusion, not strong fresh buying This explains why price moves up, pauses, and then reacts again. ________________________________________ 📐 Projection Logic (Educational) Upside projection is based on the full height of the triangle Downside projection is equally possible due to neutral structure Mature patterns often give false moves, so patience is important ________________________________________ 🎯 Pattern Targets & Invalidation Upside Projection: 3,349 Downside Projection: 2,180 Pattern Invalidation: Clear move beyond the opposite boundary ________________________________________ 🔍 STWP Market Read BSE Ltd has shown strong upward movement after a long period of sideways action. However, because the pattern is old and stretched, price must hold above support zones to keep strength intact. Strength is visible — but confirmation matters more than excitement here. ________________________________________ 📊 Chart Structure & Indicator Summary Structure: Mature triangle, partial resolution Trend: Up Momentum: Strong but controlled RSI: Around 58 – healthy Volume: High – active participation ________________________________________ 📈 Final Outlook (Condition-Based) Momentum: Strong Trend: Up Risk: High (due to mature structure) Volume: High ________________________________________ 💡 STWP Learning Note Not every strong move needs chasing. The market rewards those who wait for clarity and manage risk, not those who rush. ________________________________________ ⚠️ Disclaimer This post is shared only for educational and informational purposes. It is not investment advice or a recommendation. Please consult a SEBI-registered financial advisor before making any trading or investment decision. ________________________________________ 📘 STWP Approach Observe price. Respect risk. Let structure guide decisions — not emotions. 🚀 Stay Calm. Stay Clean. Trade With Patience. 💬 Did this snapshot help you read the chart better? 🔼 Boost to support structured learning ✍️ Share your views in comments 🔁 Forward to someone learning price action 👉 Follow for clean, beginner-friendly STWP insights 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:BSE
by simpletradewithpatience
ASIANPAINT - STWP Equity Snapshot________________________________________ STWP Equity Snapshot – Asian Paints Ltd (ASIANPAINT) (Educational | Chart-Based Interpretation) ________________________________________ 📌 Intraday Reference Levels (Structure-based) Reference Price Zone: ~2,890–2,910 Risk Reference (If price weakens below structure): ~2,755 Observed Upside Areas: ~3,075 → ~3,195 ________________________________________ 📌 Swing Reference Levels (Hybrid Model | 2–5 days | Observational) Reference Price Zone: ~2,890–2,910 Risk Reference (If structure breaks): ~2,685 Higher Range Area (If strength continues): ~3,325 → ~3,645 ________________________________________ 🔑 Key Levels – Daily Timeframe Support Areas: 2,836 | 2,776 | 2,744 Resistance Areas: 2,928 | 2,960 | 3,020 ________________________________________ 🔍 STWP Market Read Asian Paints remains in a clear upward trend. After a strong move, the stock faced selling near earlier highs and then moved into a short sideways phase. Price has now found support near the highlighted zone, showing that buyers are still active. The structure remains positive as long as price holds above this support area. Momentum is healthy but controlled, suggesting the stock may move gradually rather than sharply in the near term. ________________________________________ 📊 Chart Structure & Indicator Summary Structure: Higher highs and higher lows Trend: Up Momentum: Strong but not stretched RSI: Healthy zone (~62) Volume: Above average, indicating participation ________________________________________ 📈 Final Outlook (Condition-Based) Momentum: Strong Trend: Up Risk: High (stock is near important resistance) Volume: High ________________________________________ 💡 STWP Learning Note Strong stocks often pause before moving further. These pauses help price cool down and allow the trend to continue in a healthier way. Focus on structure, not predictions. ________________________________________ ⚠️ Disclaimer This post is shared only for educational and informational purposes. It is not a recommendation, advice, or solicitation. Equity markets involve risk. Please consult a SEBI-registered financial advisor before making any trading or investment decision. ________________________________________ 📘 STWP Approach Observe price behaviour. Respect risk. Let structure guide decisions. ________________________________________ 💬 Did this snapshot help you read the chart better? 🔼 Boost to support structured learning ✍️ Share your views in comments 🔁 Forward to someone learning price action 👉 Follow for clean, beginner-friendly STWP insights 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:ASIANPAINT
by simpletradewithpatience
INDUSINDBK - STWP Equity Snapshot________________________________________ STWP Equity Snapshot – IndusInd Bank Ltd (INDUSINDBK) (Educational | Chart-Based Interpretation) ________________________________________ 📌 Intraday Reference Levels (Structure-based) Reference Price Zone: ~906–908 Risk Reference (If price slips below structure): ~872 Observed Upside Areas: ~951 → ~980 ________________________________________ 📌 Swing Reference Levels (Hybrid Model | 2–5 days | Observational) Reference Price Zone: ~906–908 Risk Reference (If weakness appears): ~871 Higher Range Area (If strength continues): ~981 → ~1,035 ________________________________________ 🔑 Key Levels – Daily Timeframe Support Areas: 887 | 869 | 858 Resistance Areas: 916 | 926 | 945 ________________________________________ 🔍 STWP Market Read IndusInd Bank has shown steady upward movement after a period of sideways trading. The price moved higher, pulled back briefly, and is now holding above an important support area. This suggests that buyers are still active and the structure remains positive. Momentum is healthy but not aggressive. The recent move happened with normal to slightly higher trading activity, which supports the price but also indicates that the stock may move in a controlled manner rather than sharply. As long as price stays above the current support zone, the broader trend remains upward. ________________________________________ 📊 Chart Structure Summary Price Structure: Gradual rise with pauses Trend Direction: Up Price Strength: Stable Momentum: Moderate Trading Activity: Normal to slightly above average ________________________________________ 📈 Final Outlook (Condition-Based) Momentum: Moderate Trend: Up Risk: High (banking stocks can move quickly) Volume: Moderate ________________________________________ 💡 STWP Learning Note Strong trends do not move in straight lines. Pullbacks and pauses are normal. Focus on how price behaves near support areas instead of trying to predict the next move. ________________________________________ ⚠️ Disclaimer This post is shared only for educational and informational purposes. It is not a recommendation or advice. Stock market investments involve risk. Please consult a SEBI-registered financial advisor before making any trading or investment decision. ________________________________________ 📘 STWP Approach Observe price behaviour. Respect risk. Let structure guide decisions. ________________________________________ 💬 Did this help you understand the chart better? 🔼 Boost to support learning ✍️ Share your views or questions 🔁 Forward to someone learning chart reading 👉 Follow for clean, beginner-friendly STWP insights 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:INDUSINDBK
by simpletradewithpatience
Multi-Timeframe Channel Mastery UnveiledTradingView's multi-window layout reveals pristine price action across weekly and monthly charts, highlighting structural precision without forecasts. Both timeframes demonstrate unwavering respect for key lines and zones, underscoring market geometry's reliability. Monthly Chart Insights The right-side monthly view features a robust supply zone where sellers dominate, enforcing repeated rejections with textbook accuracy. A white trend line provides dynamic support, paired with the red parallel channel line creating a textbook channel that price honors meticulously. This setup exemplifies how channels contain swings beautifully. Weekly Chart Patterns On the left, weekly timeframe displays two pivotal pattern lines: a counter trend line and a primary trend line, both tracked flawlessly through advances and retreats. These lines form the backbone of the structure, filtering noise and revealing order in motion. Disclaimer Purely educational analysis of past price action—no advice, signals, or predictions provided. Trading carries high risk of capital loss; perform independent due diligence and seek professional guidance.
NSE:PANACEABIOLong
by Averoy_Apoorv_Analysis
Dalal Street Bleeds: Where Is NIFTY Headed Next?Indian markets witnessed a sharp sell-off last week, with the benchmark NIFTY closing 2.45% lower, as weak global cues and rising uncertainty dragged investor sentiment. Adding to the caution, India VIX NSE:INDIAVIX jumped nearly 16%, settling at 10.92 after hitting multi-month lows earlier. This sudden spike in volatility clearly signals growing nervousness among market participants. ◉ Technical Picture Turns Weak For the past few weeks, we consistently highlighted the formation of a Rising Wedge pattern on the daily chart—typically a bearish setup. With Friday’s close below the wedge support, NIFTY has now confirmed a downside breakout, indicating that further pressure may persist in the near term. To add to the concern, a Double Top pattern has also emerged on the charts, strengthening the bearish undertone for the coming sessions. ◉ Key Levels to Watch Resistance Zone: 26,000 – 26,100 This area has now turned into a strong resistance, backed by heavy call writing, making it difficult for NIFTY to move higher in the short term. Support Zone: 25,500 – 25,400 This is the immediate support area to watch closely. A decisive break below this zone could open the door for a sharp 500-point fall, pulling the index closer to the 25,000 level. ◉ Key Triggers for the Upcoming Week Q3 Earnings Season Kicks Off Market focus will be on IT majors—TCS NSE:TCS , Infosys NSE:INFY , HCL Tech NSE:HCLTECH , Wipro NSE:WIPRO , and Tech Mahindra NSE:TECHM —along with heavyweights like Reliance Industries NSE:RELIANCE and HDFC Bank NSE:HDFCBANK . Earnings numbers and management commentary will play a crucial role in shaping near-term sentiment. US Tariff Verdict The US Supreme Court’s ruling on January 14 regarding Trump’s tariffs remains a major overhang. This decision could act as a key directional trigger, not just for India but for global and emerging markets as well. ◉ Outlook for the Coming Week With weak global cues, rising volatility, and clear technical breakdowns, the market is likely to remain highly volatile, with a negative bias in the near term. ◉ What Traders Should Do With volatility on the rise and technicals weakening, aggressive long positions can quickly turn risky. Until NIFTY shows stability above key support levels, traders are better off staying cautious, protecting existing profits, and focusing only on selective stocks that continue to show relative strength rather than chasing broad market moves.
NSE:NIFTYShort
by GoodluckCapital
MTARTECH - STWP Equity SnapshotPrice moved up strongly earlier, pulled back and found support. Now it is testing the same selling area again, showing strength. Watching how price behaves near this level is important. STWP Equity Snapshot – MTARTECH(Educational | Chart-Based Interpretation) 📌 Intraday Reference Levels (Structure-based) Reference Price Zone: 2,742 Risk Reference (If structure fails): 2,351.84 Observed Upside Zones: 3,210.19 → 3,522.32 📌 Swing Reference Levels (Hybrid Model | 2–5 days | Observational) Reference Price Zone: 2,742 Risk Reference (If price weakens): 2,156.76 Higher Range Area (If strength continues): 3,912.48 → 4,790.34 Key Levels – Daily Timeframe Support Areas: 2,548 | 2,407 | 2,310 Resistance Areas: 2,786 | 2,883 | 3,024 🔍 STWP Market Read MTAR Technologies Ltd has moved up strongly after spending time in a sideways range. The rise happened with very high trading activity, which shows strong interest from bigger market participants. The stock also stayed strong even when the overall market was weak, which is a positive sign. The price strength is steady and not overdone. Buying interest is clearly visible, and the move does not look rushed. As long as the price stays above the earlier breakout area, the overall price structure remains positive. 🧭 News-Linked Price Behaviour (Simple Scenarios | Educational) Recently, a large global institution bought a stake in the company. This news has already had a positive impact on the stock price. Based on how markets usually behave after such news, a few outcomes are commonly seen: Scenario 1: Strong and Stable Start The stock may open slightly higher or stable and continue to trade above recent levels. This shows buyers are comfortable at higher prices. Scenario 2: Sideways Movement The stock may open flat and move in a narrow range. This means the market is taking time to adjust after the recent rise. This is normal and healthy. Scenario 3: Early Rise, Then Pause The stock may rise early in the day and then slow down or move sideways. This usually happens when short-term traders book profits and does not mean the trend has turned weak. A sharp fall only because of this news is unlikely unless the overall market turns very negative. 📊 Chart Structure Summary Price Structure: Strong move after a long pause Trend Direction: Up Price Strength: Strong Momentum: Positive Trading Activity: Very high, supporting the move 📈 Final Outlook (Condition-Based) Momentum: Strong Trend: Up Risk: High (price can move fast both ways) Volume: High 💡 STWP Learning Note News can bring attention, but price behaviour after the news matters more. When price stays strong after a rise, it shows confidence. Focus on how price holds important levels instead of guessing what will happen next. ⚠️ Disclaimer This post is for educational purposes only. It is not a recommendation or advice. Stock market investments involve risk. Please consult a SEBI-registered financial advisor before making any trading or investment decision. 📘 STWP Approach Watch price behaviour. Control risk. Let the chart guide you. 💬 Did this help you understand the market better? 🔼 Boost to support learning ✍️ Share your thoughts or questions 🔁 Forward to someone who is learning trading 👉 Follow for simple, structured STWP insights 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:MTARTECH
by simpletradewithpatience
2
The Elegance of Structure: Broadening Pattern, Breakout & EqSimplest Chart explanation ( no predications - using older than 3 months charts data only ) From 2012 to 2021, the price action formed a broadening structure defined by two converging white lines — a decade-long pattern showcasing expansion and volatility. After a clean breakout and retest, the same trendline (highlighted in green) continued to act as dynamic support across multiple touchpoints. Adding to the symmetry, the 0.5 Fibonacci equilibrium drawn from swing low to swing high aligns perfectly with the upper boundary of the original consolidation zone A rare confluence that highlights the precision of market geometry. This chart isn’t about forecasting; it’s about appreciating how structure, equilibrium, and trend alignment narrate the story of price itself. Disclaimer: This post is for educational and analytical purposes only. It is not financial advice or a recommendation to trade or invest. Always conduct your own research and analysis before making any trading decisions.
NSE:TBZLong
by Averoy_Apoorv_Analysis
Northern Arc Capital | Daily Chart | Consolidation Price is consolidating between ₹250–270 after a strong recovery, indicating absorption near resistance rather than weakness. 🔹 Resistance: ₹270–275 🔹 Support: ₹250–255 🔹 Structure: Falling channel / flag after upmove 🔹 EMA Zone: Price holding near EMAs → volatility compression 👉 Sustained breakout above ₹275 with volume can trigger the next leg towards ₹300+. 👉 Breakdown below ₹245 will weaken the bullish structure.
NSE:NORTHARC
by yatharthshah23
Nifty Hits a New Peak: Is the Next Leg Up Around the Corner?Indian equities kicked off the New Year with confidence, gaining nearly 1% and finally breaking out of a five-week consolidation phase. After a slow and mixed start, a strong rebound in the latter half of the week pushed the Nifty to a fresh all-time high of 26,329. Volatility ticked up slightly, with India VIX rising 3.28% to 9.45, but it continues to remain at comfortable, historically low levels. ◉ Technical Outlook As highlighted earlier, the Cup & Handle pattern has now taken a clearer shape. A decisive breakout and sustained move above the neckline could trigger the next leg of the rally. ◉ Key Levels to Watch ● Resistance: 26,500 – 26,600 (heavy call writing zone) ● Immediate Support: 26,100 – 26,200 ● Strong Support: 25,900 – 26,000 (heavy put writing zone) ◉ Near-Term View Nifty is likely to consolidate within a 300-point range, broadly between 26,200 and 26,500, as the market digests recent gains. ◉ Key Trigger to Watch Global cues remain important. Markets will closely monitor developments after reports of US military strikes on Venezuela, which could influence sentiment in the coming sessions. ◉ Trading Strategy Expect mild profit-taking at higher levels. Avoid aggressive fresh buying, protect existing gains, and stay selective by focusing on stocks showing relative strength.
NSE:NIFTY
by GoodluckCapital