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Elliott Wave Analysis XAUUSD – January 2, 2026 🎉 Happy New Year 2026 Wishing everyone a disciplined, consistent, and profitable trading year ahead. 1. Momentum Analysis Daily (D1) Daily momentum is currently approaching the oversold zone and preparing for a bullish reversal. This suggests that in the coming period, the market is likely to see a corrective rebound lasting at least several days, until D1 momentum reaches the overbought area. H4 H4 momentum is currently in the overbought zone, which increases the probability of a bearish momentum reversal on the H4 timeframe in the near term. H1 H1 momentum is compressed and overlapping within the overbought zone, indicating a high probability that H1 momentum will continue to turn bearish. 2. Elliott Wave Structure Daily (D1) After the strong sell-off, we can identify approximately five consecutive bearish D1 candles, which aligns well with the observation that D1 momentum is preparing to reverse upward from oversold conditions. Therefore, the upcoming advance is likely to be Wave 2 or Wave B, within the structure of the purple Wave Y. This expected rebound may move in sync with D1 momentum. As a result, we should closely monitor price behavior as D1 momentum enters the overbought zone for confirmation. - If D1 momentum reaches overbought but price fails to create a new high, this will further confirm the continuation of the purple Wave Y scenario. - The projected targets for Wave Y remain at 4072 and 3761. H4 The prior decline on H4 can be counted as Wave 1 or Wave A within the purple Wave Y structure. The current recovery is likely forming Wave 2 or Wave B. ⚠️ If price breaks decisively above 4549 while D1 momentum is already overbought, the current wave-count scenario would be invalidated and require reassessment. H1 A complete five-wave bearish structure (red) has already formed. According to Elliott Wave principles, a completed five-wave move is typically followed by at least a three-wave corrective structure. With D1 momentum preparing to reverse bullishly, if today’s D1 candle closes with bullish confirmation, this corrective rally could extend for several days, but should not break above the 4549 level. Since this advance is likely Wave 2 or Wave B, its characteristics are expected to be: - Slow price movement - Overlapping and choppy sub-waves 👉 For this reason, I recommend short-term trading only at this stage and avoiding aggressive long-term buy positions. 3. Resistance Zones & Key Levels The expected completion zones for the corrective rebound are: - 4376 - 4405 - 4445 Among these: - 4405 and 4445 are strong confluence resistance zones, aligning with the 50% and 61.8% Fibonacci retracement of the prior decline. - These areas are considered ideal zones to look for long-term sell opportunities, targeting the completion of the purple Wave Y. 4. Trading Plan Sell Scenario 1 - Sell zone: 4404 – 4406 - Stop loss: 4415 - TP1: 4344 - TP2: 4275 - TP3: 4072 Sell Scenario 2 - Sell zone: 4444 – 4446 - Stop loss: 4465 - TP1: 4405 - TP2: 4275 - TP3: 4072
OANDA:XAUUSDLong
by WavePoint_FX
1
NIFTY Buy-on-Dips | 26,000 CE Opportunity for Jan 6NIFTY continues to show bullish strength, and the broader structure favors a buy-on-dips approach for today, 2nd January 2026. 📌 Trade Setup (Options): Instrument: NIFTY 26,000 CE (6th Jan Expiry) Buy Zone: ₹180 – ₹170 Target: ₹240 Risk Level: ₹140 (must hold on closing basis) As long as ₹140 remains intact, the bullish momentum stays valid. A dip into the mentioned buy zone could offer a low-risk, high-reward opportunity aligned with the current trend. ⚠️ Trade with strict risk management and adjust position sizing accordingly. 📌 Disclaimer: This analysis is for educational purposes only and is not financial advice. Always manage risk and follow your trading plan. Your feedback drives our content and keeps everyone trading smarter. Let’s make those pips together! 🚀 Happy Trading, – The InvestPro Team
NSE:NIFTYLong
by InvestPro_India
2
Nifty Trading Strategy for 02nd January 2025📊 NIFTY INTRADAY TRADE SETUP (15-MIN CANDLE BASED) 🟢 BUY SETUP (Bullish Scenario) 📈 Condition: Buy ONLY IF NIFTY breaks & closes above the HIGH of the 15-minute candle Confirmation Level: 26192 (15-min candle must CLOSE above this level) 🎯 BUY TARGETS: 🎯 Target 1: 26230 🎯 Target 2: 26255 🎯 Target 3: 26299 🛡️ Risk Management Tip: Trail stop-loss after Target 1 is achieved Book partial profits at each target for safer trading 🔴 SELL SETUP (Bearish Scenario) 📉 Condition: Sell ONLY IF NIFTY breaks & closes below the LOW of the 15-minute candle Confirmation Level: 26107 (15-min candle must CLOSE below this level) 🎯 SELL TARGETS: 🎯 Target 1: 26075 🎯 Target 2: 26045 🎯 Target 3: 26005 🛡️ Risk Management Tip: Trail stop-loss once Target 1 is hit Avoid over-trading in sideways market ⚠️ IMPORTANT TRADING RULES ✔️ Trade only after 15-minute candle close confirmation ✔️ Avoid trades during high volatility news events ✔️ Follow strict stop-loss discipline ✔️ Capital protection is more important than profits 🚨 DISCLAIMER ⚠️ I am NOT a SEBI Registered Advisor. 📌 This analysis is for educational and informational purposes only. 📌 Stock market investments are subject to market risks. 📌 Please consult your financial advisor before taking any trade. 📌 I am not responsible for any profit or loss arising from the use of this information.
NSE:NIFTY
by ramkkyy
LTTS : Near Key Support | Trend Continuation WatchTimeframe: Daily Trend Context: Corrective phase nearing completion Current Price Zone: ~4,380 🔍 Market Structure & Technical Observations Elliott Wave Perspective (Educational View): The stock appears to be completing a corrective Wave-C near the 4,360–4,390 zone. This zone aligns with prior demand and acts as a potential reversal pocket. If Wave-C holds, the next impulsive leg (Wave-5) can begin. Moving Average Insight: Price has pulled back toward the short-term moving average, often seen near corrective endings. Sustaining above this base improves odds of a trend resumption. Support & Risk Zone: Critical support: 4,360–4,390 Invalidation level: Daily close below 4,290 A close below this would indicate deeper correction, not accumulation. Volume Behavior (Contextual): No panic volume seen during decline, suggesting controlled profit booking, not distribution. 🎯 Trade Strategies 🟢 1. Swing Trading Strategy (Cash / Positional) Buy Zone: 4,360–4,420 (on stabilization / reversal candle) Stop Loss: Daily close below 4,290 Upside Targets: Target 1: 4,770–4,830 (Major supply / F&O target zone) Target 2: 5,120 (Swing projection) 📌 This setup offers a favorable Risk–Reward if price respects the Wave-C base. 🟡 2. F&O / Options Strategy (Educational) Prefer bull call spreads or call buying only after confirmation. Ideal confirmation: Strong close above 4,480–4,500 OR bullish structure on lower timeframe from support Avoid aggressive naked calls below 4,360, as volatility expansion works both ways. 🎓 Educational Notes (Why This Zone Matters) Corrections often end where: Prior breakout occurred Fibonacci retracement clusters Market sentiment turns pessimistic The 4,360–4,390 zone ticks multiple boxes → making it a decision zone, not blind buy. ⚠️ Risk Management Guidelines Do not average blindly below support. Size positions assuming stop loss will be hit. Options traders must factor in time decay — direction alone is not enough. 🧾 Summary & Conclusion LTTS is currently at a make-or-break zone. If the 4,360–4,390 support holds, the stock has the potential to resume its primary uptrend toward 4,830 and 5,120 in the coming weeks. Failure to hold 4,290 on daily closing basis invalidates the bullish structure. Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered analyst. Markets are uncertain, and I may be wrong — please manage risk responsibly.
NSE:LTTSLong
by LiveTradingBox
NIFTY Levels for TodayHere are the NIFTY's Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes and boosts gives us motivation for continued learning and support.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels for TodayHere are the BANKNIFTY’s Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes and boosts gives us motivation for continued learning and support.
NSE:BANKNIFTY
by RainingMoneywithTech
#NIFTY Intraday Support and Resistance Levels - 02/01/2026A gap-up opening is expected in Nifty 50, with prices opening near 26,140, indicating stability and continuation of the existing range. Despite the positive opening bias, there are no major changes in yesterday’s levels, suggesting that the index is still trading within a well-defined consolidation zone. The market remains balanced, and a clear breakout or breakdown is required for strong directional momentum. On the upside, 26,250 continues to act as a crucial resistance level. A sustained move and hold above this zone can trigger fresh long positions, with upside targets placed at 26,350, 26,400, and 26,450+. Additionally, intraday buying interest can be considered near 26,050–26,100 if the index shows strength, aiming for 26,150, 26,200, and 26,250+. On the downside, rejection from the 26,200–26,250 zone may lead to a short-term reversal move. In such a scenario, short trades can be considered with downside targets at 26,150, 26,100, and 26,000. As long as Nifty remains within this range, traders should focus on level-based trades, maintain strict risk management, and avoid aggressive positions until a decisive breakout confirms the next trend.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(02/01/2026)A gap-up opening is expected in Bank Nifty, reflecting continued bullish sentiment after the recent strong upside move and consolidation near higher levels. The index is currently trading around 59,700, which places it above key intraday support zones and keeps the overall bias positive as long as these levels are defended. On the bullish side, 59,550–59,600 remains an important support zone. If Bank Nifty sustains above this range, buying can be considered with upside targets at 59,750, 59,850, and 59,950+. A decisive breakout above 60,050 will be a major strength signal and can open the path for a further rally toward 60,250, 60,350, and 60,450+, indicating trend continuation. On the bearish side, any rejection or breakdown below 59,450–59,400 may invite short-term profit booking. In that case, selling positions can be considered with downside targets at 59,250, 59,150, and 59,050. Overall, the structure remains bullish, and traders should prefer buy-on-dips near support levels while keeping strict stop-losses, as volatility can increase after a gap-up opening.
NSE:BANKNIFTY
by TradZoo
BPCL : Trading the Confluence of Price Action & Macro TailwindsThe stock has been consolidating within a defined range over the past few weeks and has recently started forming a solid base. While the breakout volume isn’t a classic “God-candle,” price action continues to hold firmly above key moving averages, which is a constructive sign. That said, the price is somewhat extended from the EMAs, increasing the probability of a mean-reversion move. Hence, the stop loss needs to be placed wider rather than just below the basing structure. The conviction behind this trade comes largely from the current Goldilocks macro environment we’re witnessing in early 2026. With global crude prices remaining comfortably low, BPCL is benefiting from strong marketing margins across petrol and diesel, supporting near-term earnings visibility. On the fundamental side, a major catalyst is the Government’s LPG compensation package. BPCL is expected to receive a significant share of the ₹30,000 crore payout allocated to OMCs, which materially improves cash flows in H2 FY26. This inflow also acts as a strong deleveraging trigger, further strengthening an already improving balance sheet that has seen a steady decline in debt-equity levels over recent quarters. So took this position with 1% risk on the net capital. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:BPCLLong
by Sniper-Traders
7
Maruti 5th wave**Maruti Suzuki – Weekly Chart | Elliott Wave View** On the weekly timeframe, Maruti appears to be in the **final stages of the 5th impulse wave** that started from the 2020 low. Using standard Elliott Wave projections: * The 5th wave target comes to 16726 considering 1 st wave starting from 2020. * Price has already reached this zone, but **the 5th wave structure does not yet look complete**.So I have restrictive view above 16726 This suggests: * **16726 may not be the critical. let us observe how it unfolds it today From the **fundamental side**, **Maruti Suzuki India Limited** has reported **strong sales performance in 2025**, which supports the idea of **continued strength rather than an abrupt reversal**. ⚠️ This is a **Wave-5–focused view only**. Reversal signals and momentum divergence will be critical to confirm final exhaustion. *Trend remains up, but risk management is essential at higher levels.* follow me to get updates.Like my post if it helps me.
NSE:MARUTI
by bijoy2526
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.
FOREXCOM:XAUUSDLong
by Chum_trades
CSBBANK : Momentum Breakout with Sector StrengthThis trade is a classic momentum breakout setup. The price had been consolidating in a range since August 2025 and has now broken out with strong volume, indicating fresh participation. The broader finance and banking sector is also showing strength, which adds further confluence to the trade. Additionally, recent sales and EPS growth have been encouraging, supporting the bullish bias from a fundamentals perspective. The only concern is that the price is currently extended from the 20 and 50 EMA, and there wasn’t a very clear basing structure before the breakout. However, considering the overall momentum and sectoral support, this can be managed by allowing some breathing room and using a slightly wider stop loss. Based on this setup, the trade has been initiated with a defined risk of 1%. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:CSBBANKLong
by Sniper-Traders
Gold Trading Strategy for 02nd January 2026🟡 GOLD (XAUUSD) – 1 HOUR CANDLE STRATEGY ⏳ 📈 BUY SETUP 🟢 Buy only if price breaks & 1-Hour candle CLOSES ABOVE: ➡️ 4374 🎯 Buy Targets: 🎯 4385 🎯 4396 🎯 4408 📌 Confirmation is mandatory: wait for full 1-hour candle close above 4374. 📉 SELL SETUP 🔴 Sell only if price breaks & 1-Hour candle CLOSES BELOW: ➡️ 4290 🎯 Sell Targets: 🎯 4277 🎯 4265 🎯 4253 📌 Confirmation is mandatory: wait for full 1-hour candle close below 4290. ⏰ TIME FRAME 🕒 1 Hour Candle (H1) ONLY ❌ Do not trade on lower timeframes for this setup. ⚠️ IMPORTANT NOTES ✅ Trade only after candle close, not on live movement ✅ Follow strict stop-loss & risk management ❌ Avoid over-trading ❌ No confirmation = No trade ⚠️ DISCLAIMER 📌 This analysis is for educational purposes only. 📌 Not a buy/sell recommendation. 📌 Gold trading involves high risk. Please consult your financial advisor before trading. 📌 You are fully responsible for your profits and losses.
TVC:GOLD
by ramkkyy
2
Devyani with merge catalyst at the verge of potential reversalDevyani International (DEVYANI) at ₹145-147 shows potential reversal signals. Bearish trend persists (price below SMAs, MACD histogram negative at -2.9), but RSI ~60 hints at momentum shift from oversold (prior lows ~50), Stochastic dipping into bullish territory, and RSI divergence emerging—classic reversal cues Merger catalyst amplifies: Sapphire Foods board nod (177:100 swap ratio) eyes Apr 2026 close, forming QSR giant (3,000+ stores). Despite Q3 loss (-₹24 Cr), synergies promise 15-20% EBITDA boost, FII buying (Nippon/Kotak holdings up). Support holds ₹142; break ₹148 targets ₹160+ Action: Watch volume spike + MACD zero-line cross for buy. Risk: NCLT delays.
NSE:DEVYANI
by goldendays703
one last push🏋🏻 Before we step down, domestic big money sees a window while most global markets are on holiday. Think of it like a child left home alone—they’ll try to clean up the mess by the time you return. Local players are expected to dominate until tomorrow’s first session, with a strong chance of testing a triple top or nudging that level slightly. In the second half, global markets may bring the fire back into the room. Like the kid, attempts to “clean up” won’t fully succeed. Expect major manipulation—money moving between futures and cash, while quietly profiting through options in the background.
NSE:NIFTYShort
by sam-austin
2
NIFTY Analysis for 2nd JAN '26: IntraSwing Spot level🚀Follow GIFTNIFTY Post for NF levels 💥Level Interpretation / description: L#1: If the candle crossed & stays above the “Buy Gen”, it is treated / considered as Bullish bias. L#2: Possibility / Probability of REVERSAL near RLB#1 & UBTgt L#3: If the candle stays above “Sell Gen” but below “Buy Gen”, it is treated / considered as Sidewise. Aggressive Traders can take Long position near “Sell Gen” either retesting or crossed from Below & vice-versa i.e. can take Short position near “Buy Gen” either retesting or crossed downward from Above. L#4: If the candle crossed & stays below the “Sell Gen”, it is treated / considered a Bearish bias. L#5: Possibility / Probability of REVERSAL near RLS#1 & USTgt HZB (Buy side) & HZS (Sell side) => Hurdle Zone, *** Specialty of “HZB#1, HZB#2 HZS#1 & HZS#2” is Sidewise (behaviour in Nature) Rest Plotted and Mentioned on Chart Color code Used: Green =. Positive bias. Red =. Negative bias. RED in Between Green means Trend Finder / Momentum Change / CYCLE Change and Vice Versa. Notice One thing: HOW LEVELS are Working. Use any Momentum Indicator / Oscillator or as you "USED to" to Take entry. ⚠️ DISCLAIMER: The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. I am not a SEBI-registered financial adviser. Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research. "As HARD EARNED MONEY IS YOUR's, So DECISION SHOULD HAVE TO BE YOUR's". Do comment if Helpful . Do Comment for In depth Analysis. ❇️ Follow notification about periodical View 💥 Do Comment for Stock WEEKLY Level Analysis.🚀
NSE:NIFTY
by DSKF16