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Multiple Time Frame Analysis

NIFTY getting closer to our target! What's next!?As we can see NIFTY fell more like unidirectionally exactly as analysed in our previous analysis and about to reach 25500 which had been our initial target. Now that it is about to reach our important demand zone, we may see NIFTY taking SUPPORT as this zone can act as a retest to the breakout and cam show substantial upmove from there if signs of REVERSAL is seen around the demand zone but if fails to take support and closes its candle below 25500 then that zone will act as a RESISTANCE which would lead to more fall so keeping all these in consideration, plan your trades accordingly and keep watching everyone.
NSE:NIFTY
by Kaushalfin
Protean eGov Technologies Ltd – Gap Fill Setup (Daily Chart)Protean eGov Technologies is showing early signs of base formation after a prolonged downtrend. The price is currently consolidating near the ₹850–₹880 zone, forming a potential accumulation structure that could lead to a gap-fill rally in the short to medium term. The chart highlights two major unfilled gaps — a midway gap and a main gap — both acting as key upside targets once the current range breakout confirms. 🎯 Key Levels: CMP: ₹866.80 (+2.25%) Entry Zone: ₹850 – ₹880 Midway Gap Target: ₹1,100 – ₹1,150 Main Gap Target: ₹1,280 – ₹1,350 Stop-Loss: ₹820 (on daily close basis) 📊 Technical View: Price consolidating after a steep decline — forming a base near support zone. Volume spikes during accumulation suggest smart buying interest. Breakout above ₹880–₹900 could trigger a gap-fill move toward ₹1,100+. Short-term EMAs are flattening, indicating the downtrend might be losing momentum. 🧠 View: Sustaining above ₹880 could confirm the beginning of a recovery phase. Watch for a breakout with volume to target ₹1,100 first (midway gap), followed by ₹1,300+ (main gap fill).
NSE:PROTEANLong
by yatharthshah23
DMart(Avenue Supermarts Ltd) – A Correction Inside a CorrectionOn the daily chart, DMart(Avenue Supermarts Ltd) appears to be unfolding a clean (a)-(b)-(c) correction within the ongoing downtrend from ₹4,949.50. The initial leg down to ₹4,111 unfolded in five waves, marking Wave (a) of the correction. A relief rally is likely next — an expected Wave (b) move that could face resistance around the ₹4,500–₹4,600 zone. If this view holds, a final Wave (c) decline may complete the pattern near ₹3,300–₹3,400 — aligning with the previous demand area. RSI is trying to rebound from oversold territory, hinting that the short-term recovery phase could soon begin. When we zoom out to the weekly chart, this entire structure fits as part of a larger W–X–Y double zigzag correction that began from the ₹5,900 all-time high. In other words — a correction inside a correction . Until price convincingly breaks above ₹4,950, DMart remains in a broader corrective phase. The bulls may see short-term relief, but the bigger correction likely hasn’t finished playing out. 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:DMARTShort
by WaveXplorer
XUD/USD-Long-15MinInitially, the Previous Day High (PDH) and Previous Day Low (PDL) are marked on the Daily Time Frame. After that, we switch to the 4-Hour Time Frame to identify the Imbalance (IMB) candle for a potential entry setup. Once the IMB candle is identified, we move to the 15-Minute Time Frame, where the chart clearly highlights the Order Block and Liquidity Area. The market then shows a clear Change of Character (CHOCH) indicating a shift from an uptrend. Following this, a liquidity hunt occurs as the market moves downward to capture liquidity. After this liquidity sweep, we shift to a Lower Time Frame (LTF) to plan the entry at the next Order Block. The target is set at the Previous Day High, while the stop loss is placed below the last liquidity hunting area.
FOREXCOM:XAUUSDLong
by Praveenkumar_VPK
Gujarat Gas Ltd – A Major Correction Nears CompletionAfter a volatile two-year decline, Gujarat Gas Ltd (NSE: GUJGASLTD) may be approaching the final leg of a prolonged corrective structure — a setup that aligns beautifully across both monthly and daily timeframes. The Bigger Picture – Monthly View From the 2016 lows near ₹94 , Gujarat Gas advanced in an impressive impulsive manner , peaking around ₹786. What followed has been a deep and time-consuming correction that unfolded as a double zigzag (W–X–Y) structure. Wave W bottomed at ₹403.55 in early 2021. Wave X retraced sharply to ₹689.95 — a typical counter-trend rally. Wave Y then extended lower and now appears to be terminating near ₹360. This region coincides with the 0.618 Fibonacci retracement of the entire 2016–2021 uptrend, an area often associated with exhaustion in larger corrective waves. Price action has also turned subdued, with narrower candle bodies and waning momentum — a sign that the multi-year correction may be approaching completion. Zooming In – Daily Structure The daily chart reveals the internal five-wave pattern within Wave C of Y nearing its end. The final sub-wave (5) has reached a confluence between 0.618 (₹411.7) and 0.786 (₹389.1) retracements, forming a technical Buy Zone. However, traders may consider waiting for bullish confirmation before acting. Watch for reversal signs such as Hammer, Bullish Engulfing patterns to confirm that buyers are stepping in from support. Importantly, the RSI shows bullish divergence — a classic sign that downside momentum is losing steam even as price makes marginal new lows. Confluence and Context Structural Alignment : Monthly W–X–Y correction appears mature. Fibonacci Support : Key retracement cluster at ₹389–₹412. Momentum Shift : RSI divergence adds conviction. Price Trigger : Wait for bullish candle confirmation from the Buy Zone. Risk Clarity : Invalidation below ₹372. Together, these factors indicate that the correction could be ending, setting the stage for a medium-term trend reversal. The Road Ahead If price sustains above ₹440–₹460 after a confirmed reversal signal, it could mark the beginning of a new upward phase — potentially the start of a larger impulsive leg. Failure to hold above ₹372 would, however, invalidate the bullish case and shift focus back to ₹340–₹360. In essence: Gujarat Gas is positioned at a confluence of structural, Fibonacci, and momentum supports — a zone where long-term corrections often end and new trends begin. Confirmation through bullish price action could validate the start of a new recovery leg. 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:GUJGASLTDLong
by WaveXplorer
7
Federal Bank: Wave 4 Triangle Near Completion, Wave 5 AheadAfter a clean five-wave impulse from the 2020 low near ₹35.70 to the 2024 peak at ₹220, Federal Bank appears to be transitioning into a larger corrective phase. Weekly Outlook The broader structure suggests the start of a 5-3-5 zigzag correction , marked as A–B–C . Wave A is still unfolding — only Wave 4 of A appears complete, with Wave 5 expected next to finish the first leg of the correction. Once Wave 5 concludes, price could rebound toward the lower channel trendline to form Wave B, a counter-trend rally within the broader correction. Thereafter, a deeper Wave C decline may follow, potentially stretching into the ₹149–₹128 zone, which aligns with the 0.382–0.5 Fibonacci retracement range of the 2020–2024 advance. This developing structure reflects a natural pause after a long impulse cycle, with the market now transitioning into a corrective rhythm. Daily Chart Details Zooming in, the internal structure of Wave A shows a clear five-wave drop, with Wave (4) evolving as a contracting triangle pattern. The MA50 has started curling toward the MA200, hinting at a possible bearish crossover — a classical confirmation of trend transition. If price breaks below the triangle base, Wave (5) could extend toward ₹186–₹178, derived from Wave 1 projected from Wave 4’s end. The targets will be adjusted once the final (e)-wave of the triangle is confirmed, as a minor uptick remains possible. A sustained move above ₹206.39 would invalidate the immediate bearish setup and delay the decline. Conclusion: Federal Bank’s structure aligns with a typical post-impulse correction, and the interplay between Elliott Wave and moving averages provides a clear framework to track this phase. 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:FEDERALBNKShort
by WaveXplorer
SHREE CEMENT LIMITEDSSL (Sell-side Liquidity) The chart shows a sweep below previous lows (SSL). This indicates liquidity grab — where stops below that level were taken before price reversed. This often signals the end of a bearish move and the beginning of a bullish structure shift. FVG (Fair Value Gap) A small imbalance (gap) formed after a strong bullish candle. Price tends to revisit these gaps before continuing in the intended direction (in this case, upward). BSL (Buy-side Liquidity) Marked near the previous swing high. This is a potential target zone, as the market may seek to take out liquidity above that level once bullish momentum resumes. Order Block (OB) The gray shaded region is marked as an Order Block — the last bearish candle before a strong bullish move. Price has revisited this zone (currently trading within it), indicating a potential area of institutional buying interest. Market Bias Bullish (Reversal Likely) Key Support ₹28,400 – ₹28,800 (Order Block) Short-Term Target ₹30,400 Extended Target ₹31,600+ (BSL zone) Invalidates Bullish View Close below ₹28,300
NSE:SHREECEMLong
by ChartistHub