Avenue Supermarts(1-H): Structure Over NoiseToday’s price action was rough across Nifty and the broader market. But beneath the volatility, some charts are quietly holding their structure — and that’s worth paying attention to.
In Avenue Supermarts Ltd , price has unfolded a clean 5-wave advance on the 1-hour timeframe from the 3605.10 low to 3918.60 , allowing the move to be labeled as Wave 1 / A .
The subsequent decline shows a corrective ABC structure , with overlapping price action and weakening momentum — characteristics typical of a correction. The drop into 3645.50 fits well as wave b
, potentially completing Wave 2 / B .
At this point, confirmation of Wave 2 / B completion is still awaited . The bullish structure remains valid only if price continues to hold above 3605.10 on a closing basis . As long as this level is respected, the setup keeps the door open for a potential Wave 3 / C advance , with scope for a retest and possible extension beyond 3918 , offering a favorable reward-to-risk profile .
A decisive close below 3605.10 would invalidate this count and warrant a reassessment.
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.
Community ideas
XAUUSD (H4) — Bond Selloff, Yields UpPullback Opportunity or Rejection at the Top?
Gold is still holding a bullish structure on the H4 chart, but the rebound in global yields can easily trigger sharp swings around key resistance. Today’s approach is simple: trade the zones, not the noise.
I. Executive Summary
Primary trend: H4 uptrend remains intact.
Trading bias: Prefer BUY on pullbacks into demand; consider SELL only with clear rejection at Fibonacci resistance.
Key zones:
Sell: 4774–4778
Buy: 4666–4670
Value Buy: 4620–4625
Rule: Enter only after zone touch + confirmation (rejection / micro-structure shift).
II. Macro & Fundamentals (optimized & concise)
Global bond selloff: Bond selling is spreading globally; Japan’s 40-year JGB yield hitting 4% signals broad, persistent yield pressure.
US yields rebounding: Higher US yields (10Y–30Y) raise the opportunity cost of holding gold → short-term bearish pressure for XAUUSD.
Risk premium still alive: Geopolitical tension and tariff headlines keep markets sensitive, supporting defensive flows and limiting deep downside.
Fundamental takeaway: Rising yields can drive a pullback, but the broader risk backdrop favors a correction within an uptrend, not a full reversal (unless structure breaks).
III. Technical Structure (from your chart)
1) H4 overview
Price is extended after a strong impulse and is now consolidating, while structure still prints Higher Highs / Higher Lows.
The ascending trendline remains supportive → the higher-probability play is buying dips into demand rather than chasing price.
2) Key zones
Fibonacci Sell zone: 4774 – 4778 (major supply / resistance — profit-taking and rejection risk)
Buy zone: 4666 – 4670 (shallow pullback within trend)
VL / Value Buy: 4620 – 4625 (deeper pullback — higher-quality dip if yields spike again)
Lower support zones remain a contingency for a deeper flush.
IV. Trading Plan (Brian style — 2 scenarios)
⭐️ PRIORITY SCENARIO — BUY (trend continuation)
Idea: As long as the H4 uptrend holds, look to buy pullbacks into demand with confirmation.
Option A — Buy pullback: 4666 – 4670
SL: below 4620 (more conservative: below 4616–4610 depending on volatility/spread)
TP: 4716 – 4740 – 4774 – 4800
Option B — Value Buy (if a deeper sweep happens): 4620 – 4625
SL: below the nearest H4 swing low / below 460x (risk preference dependent)
TP: 4666 – 4716 – 4774 – 4800
Confirmation cues (optional):
Strong rejection wick at the buy zone, or
H1 micro-structure break back to the upside, or
Liquidity sweep then close back above the zone.
⭐️ ALTERNATIVE SCENARIO — SELL (rejection at Fibonacci resistance)
Idea: With yields rising, gold may react sharply at the top — treat this as a reaction trade, not a macro trend reversal call.
Sell zone: 4774 – 4778 (SELL only if price rejects clearly)
SL: above 4788 – 4800
TP: 4740 – 4716 – 4670
Important: If H4 closes and holds above 4778 (acceptance), the bias shifts to buying pullbacks instead of forcing shorts.
#NIFTY Intraday Support and Resistance Levels - 21/01/2026A flat opening is expected in Nifty, indicating continued consolidation after the recent sharp decline and volatile price action near lower demand zones. The index has shown strong selling pressure from higher levels and is now hovering close to a critical support area, suggesting that the market is at an important decision point. Early trade is likely to remain range-bound with heightened volatility, as both buyers and sellers assess whether the recent support will hold or break further.
On the support side, the immediate demand zone is placed around 25,250–25,200. This area has already witnessed a sharp reaction, indicating short-term buying interest and the possibility of a technical bounce. If Nifty manages to hold above 25,250, a reversal long setup may come into play with upside targets of 25,350, 25,400, and 25,450+. Any pullback followed by strong bullish candles or higher low formation near this zone can be used as a confirmation for intraday or short-term long trades, keeping strict stop-losses below the support.
On the upside, the immediate resistance lies near 25,450–25,400, which is a previous breakdown zone. Sustaining above this level is crucial for bulls to regain control. Failure to cross this resistance may again attract selling pressure, keeping the index trapped in a sideways-to-bearish structure. Hence, profit booking is advised near resistance levels for long positions, and fresh longs should be considered only on a decisive breakout with volume confirmation.
On the downside, a clear break below 25,200 would weaken the structure further and open the door for fresh short trades. In such a scenario, downside targets are placed at 25,100, 25,050, and 25,000, which are the next major psychological and technical support levels. Below 25,000, the selling momentum can accelerate, so traders should be cautious and trail profits aggressively in short positions.
Overall, the broader trend remains bearish with short-term consolidation, and today’s flat opening suggests a wait-and-watch approach during the initial phase of the session. Traders should focus on level-based trading, avoid chasing moves, and strictly follow risk management. Directional clarity is expected only after a confirmed breakout above resistance or a breakdown below the key support zone.
XAUUSD/GOLD WEEKLY BUY PROJECTION 21.01.26Resistance R1: 4826.190
✅ Target Price 1: Around 4900 zone
✅ Target Price 2: Around 5000 zone
✅ Long-Term Resistance Target: 2.618 Fibonacci = 4996.920
🟩 Best Buy / Entry Zone
📍 Broken trendline + Resistance retest area
If price pulls back into this zone,
fills the Fair Value Gap (FVG),
and gives a strong bullish confirmation candle,
✅ then it becomes a high-probability buy entry.
🟥 Stoploss Area
📍 Stoploss should be placed below the Fair Value Gap / retest zone
Safer stoploss: below the last swing low.
LTIM — Corrective Rally Exhaustion, 3-Wave Decline in FocusThe advance in LTI Mindtree Ltd (LTIM) from 3,802 is interpreted as a corrective ABC structure , rather than the start of a fresh impulsive trend.
Wave A advanced to 5,554.50
Wave B corrected lower within a falling channel , ending near 4,939.50
Wave C unfolded in five waves and terminated at 6,429.50, accompanied by bearish RSI divergence , signaling momentum exhaustion
Price has now closed below the 50-DMA , indicating weakening bullish momentum. However, Wave (a) is still evolving , and its completion needs to be confirmed through price action.
A probable corrective path ahead:
Completion of Wave (a) on the downside
A Wave (b) bounce potentially initiating from the 100-DMA , if price stabilizes near that zone
Followed by a Wave (c) continuation lower , with downside risk toward the 5,555 zone
As always, price action will dictate the structure , and the wave count will be updated as the move evolves .
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NIFTY failed to take support! Heading towards 24800 now! As we can see NIFTY failed to take support and broke its important demand zone and fell unidirectionally as that demand zone has been tested multiple times making it weaker. Hence, now that it has broken below, this support will now act as a resistance making our view to sell or every rise unless NIFTY manages to sustain and close itself above 25500 so plan your trades accordingly and keep watching everyone.
Nifty Intraday Analysis for 20th January 2026NSE:NIFTY
Index has resistance near 25750 – 25800 range and if index crosses and sustains above this level then may reach near 25975 – 26625 range.
Nifty has immediate support near 25450 – 25400 range and if this support is broken then index may tank near 25225 – 25175 range.
Downside pressure expected near the resistance zone and short term uptrend will be confirmed if the index closes above 25900.
Gold Rotating After CHoCH – Liquidity Controls the FlowGold is currently trading in a post-impulse, post-breakout environment.
After the earlier expansion and BOS, price did not continue trending cleanly.
Instead, it transitioned into sideways consolidation, signaling Smart Money rebalancing rather than continuation.
This is not indecision — this is liquidity management.
Market Structure & Liquidity Context
• Higher-timeframe structure shows a breakout followed by hesitation, a classic sign of distribution and absorption.
• Price spent time ranging, engineering liquidity on both sides before expansion.
• A clear CHoCH formed after the sell-off, confirming the shift from expansion into controlled rotation.
• The 4610–4608 zone aligns with prior structure and demand, where Smart Money defended price aggressively.
• From this discount reaction, price expanded strongly, targeting upper liquidity.
This confirms that rotation → expansion was liquidity-driven, not emotional buying.
Key Trading Scenarios
🟢 Buy Reaction at Discount (Already Played)
The 4610–4608 demand zone acted as a protected discount area.
Strong rejection here confirmed Smart Money defense and initiated upside expansion.
🔴 Sell Reaction at Premium (Next Focus)
If price revisits 4742–4744, this premium zone aligns with:
• Prior expansion highs
• Buy-side liquidity resting above range
• Potential distribution area
Weak acceGold is currently trading in a post-impulse, post-breakout environment.
After the earlier expansion and BOS, price did not continue trending cleanly.
Instead, it transitioned into sideways consolidation, signaling Smart Money rebalancing rather than continuation.
This is not indecision — this is liquidity management.
Market Structure & Liquidity Context
• Higher-timeframe structure shows a breakout followed by hesitation, a classic sign of distribution and absorption.
• Price spent time ranging, engineering liquidity on both sides before expansion.
• A clear CHoCH formed after the sell-off, confirming the shift from expansion into controlled rotation.
• The 4610–4608 zone aligns with prior structure and demand, where Smart Money defended price aggressively.
• From this discount reaction, price expanded strongly, targeting upper liquidity.
This confirms that rotation → expansion was liquidity-driven, not emotional buying.
Key Trading Scenarios
🟢 Buy Reaction at Discount (Already Played)
The 4610–4608 demand zone acted as a protected discount area.
Strong rejection here confirmed Smart Money defense and initiated upside expansion.
🔴 Sell Reaction at Premium (Next Focus)
If price revisits 4742–4744, this premium zone aligns with:
• Prior expansion highs
• Buy-side liquidity resting above range
• Potential distribution area
Weak acceptance or rejection here would signal that buy-side liquidity has been delivered, opening room for rotation or consolidation.
Expectation & Bias
This is not a chase market.
• Expansion only follows liquidity delivery
• Continuation requires acceptance above premium
• Failure to accept favors rotation back toward equilibrium
Until then:
Liquidity > Indicators
Reaction > Prediction
Structure > Emotion
Let price confirm intent — Smart Money always shows its hand first.
💬 Do you expect acceptance above premium, or another rotation back to discount?ptance or rejection here would signal that buy-side liquidity has been delivered, opening room for rotation or consolidation.
Expectation & Bias
This is not a chase market.
• Expansion only follows liquidity delivery
• Continuation requires acceptance above premium
• Failure to accept favors rotation back toward equilibrium
Until then:
Liquidity > Indicators
Reaction > Prediction
Structure > Emotion
Let price confirm intent — Smart Money always shows its hand first.
💬 Do you expect acceptance above premium, or another rotation back to discount?
REVERSAL tomorrow!??As we can see despite the weakness NIFTY managed to hold itself above our demand zone and managed to recover substantially and going by our analysis we can expect NIFTY to remain bullish until and unless it breaks below 25500 and sustains which is both a psychological and important demand zone. Hence until and unless NIFTY breaks below 25500 every dip can be bought for 26000, 26200 respectively so plan your trades accordingly and keep watching everyone.
Banknifty Intraday Analysis for 21st January 2026NSE:BANKNIFTY
Index has resistance near 59800 – 59900 range and if index crosses and sustains above this level then may reach near 60300 – 60400 range.
Banknifty has immediate support near 59000 - 58900 range and if this support is broken then index may tank near 58500 - 58400 range.
The downward trend is expected to continue due to the US - Europe conflict on Greenland. Short term uptrend will be confirmed only if the index sustains and closes above 59800 level.
Finnifty Intraday Analysis for 21st January 2026NSE:CNXFINANCE
Index has resistance near 27425 - 27475 range and if index crosses and sustains above this level then may reach near 27700 - 27750 range.
Finnifty has immediate support near 26975 – 26925 range and if this support is broken then index may tank near 26700 – 26650 range.
The downward trend is expected to continue due to the US - Europe conflict on Greenland. Short term uptrend will be confirmed only if the index sustains and closes above 27600 level.
Midnifty Intraday Analysis for 21st January 2026NSE:NIFTY_MID_SELECT
Index has immediate resistance near 13425 – 13450 range and if index crosses and sustains above this level then may reach 13575 – 13600 range.
Midnifty has immediate support near 13175 – 13150 range and if this support is broken then index may tank near 13025 – 13000 range.
The downward trend is expected to continue due to the US - Europe conflict on Greenland. Short term uptrend will be confirmed only if the index sustains and closes above 13500 level.
short trade📊 Market Read (NIFTY Futures – 5 min)
Strong bearish impulse earlier → confirms bearish market structure
Current price is pulling back slowly (weak bullish candles)
Price is below EMA ribbon / MAs → trend still down
This is a pullback → continuation setup, not a reversal
Bias: SELL (short) ✅
🔴 Best SELL Entry Zones (High Probability)
Primary Sell Zone (Preferred)
25,500 – 25,515
Reason:
Pullback into EMA ribbon
Previous minor support → now resistance
Liquidity resting above small equal highs
➡️ Wait for:
Bearish rejection candle
OR small bullish → strong bearish engulf
Aggressive Sell
25,490 – 25,495
Only if:
Weak pullback
Immediate bearish continuation
⚠️ Risky, reduce quantity
❌ Invalidation / Stop Loss
SL above 25,535
Clear break + close above EMA ribbon = bearish idea invalid
🎯 Targets (As marked on your chart)
TP 1
25,437
Partial booking (50–60%)
TP 2
25,411
Full exit / trail aggressively
NIFTY KEY LEVELS FOR 20.01.2026NIFTY KEY LEVELS FOR 20.01.2026
Timeframe: 3 Minutes
Sorry for the Delayed post..
If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend.
When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance.
If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways
please like and share my idea if you find it helpful
📢 Disclaimer
I am not a SEBI-registered financial adviser.
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.
Please consult with your SEBI-registered financial advisor before making any trading or investment decisions.
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.
Beta DrugsDate 20.01.2026
Beta Drugs
Timeframe : Weekly Chart
About
(1) It is engaged in manufacturing of a wide range of oncology drugs in India.
(2) It has operations in the domestic and export markets.
(3) The company is ranked among the top 10 oncology companies.
(4) Has CDMO partnerships with few top pharma cos like Glenmark, Torrent Pharma, Reliance Lifesciences, Cadila Pharmaceuticals among others.
Business Segments
(1) CDMO 48%
(2) Domestic Own Brand Business 29%
(3) International Business 16%
(4) Active Pharmaceutical Ingredients 7%
Note* CDMO (Contract Development and Manufacturing Organization)
Manufacturing Facilities
(1) The company operates 2 formulations & 1 API manufacturing facility in India
(2) About 70% of API requirements are manufactured in-house
Valuations
(1) Market Cap ₹ 1,564 Cr
(2) Stock Pe 34.6
(3) Roce 27%
(4) Roe 25.9%
(5) Book Value 7X
(6) Opm 20%
(7) Promoter 64.90%
(8) Profit Growth (TTM) 10%
(9) Sales Growth 15.20% (YOY)
(10) EV/Ebita 18.09
(11) PEG 1.53
Note*
(1) Delivered good profit growth of 37.1% CAGR over last 5 years
(2) Return on equity (ROE) track record: 3 Years ROE 26.6%
Regards,
Ankur SIngh
SMALL CAP INDEXHello & welcome to this analysis
The index appears to be ending a wedge pattern near an Ichimoku cloud resistance with future Kumo bearish. It also has a slanting channel upper trendline resistance approaching.
The wedge would be considered broken below 17775, downside levels where it could then retrace to would be the Ichimoku Base line near 17400 and if that fails to hold it could further retrace till 16600 where it would form a Bullish Harmonic Gartley.
The PRZ of the Gartley coincides with a gap up area and the slanting channel lower trendline.
This bearish view would be invalid above 18150
All the best
NIFTY Levels for Today
Here 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.
Hindustan Copper Limited – A Case in Point📊 Understanding the Rounding Bottom Pattern in Long-Term Charts
Hindustan Copper Limited, currently trading near ₹538, has displayed a rounding bottom formation since its listing in 2010. After years of decline and consolidation, the stock is now approaching its listing highs, reflecting a long-term structural recovery. This setup highlights how patience in long-term charts can reward investors, while disciplined risk management ensures traders don’t get caught in false moves.
Understanding the Rounding Bottom Pattern in Long-Term Charts
📈 What is a Rounding Bottom Pattern?
A rounding bottom pattern (also called a saucer bottom) is a long-term technical chart formation that signals a gradual shift from a bearish phase to a bullish one. It typically develops over months or years, showing a slow decline in price, stabilization at the bottom, and then a gradual recovery. The shape resembles a "U" or a bowl, reflecting investor sentiment moving from pessimism to optimism.
Key characteristics:
Extended duration: Often spans several years.
Gradual transition: No sharp reversals; instead, a slow and steady change in trend.
Volume behavior: Declines during the downtrend, stabilizes at the bottom, and rises as the breakout nears.
🌍 Importance on Long-Term Charts
Signals structural reversal: Especially powerful when seen on monthly or weekly charts, as it suggests a fundamental change in market perception.
Applicable to newly listed stocks: For companies that fell after listing, a rounding bottom can mark the end of long-term underperformance.
Investor confidence: Breakouts from such patterns often attract institutional interest, as they indicate sustained demand.
⚖️ Risk Management in Such Criteria
Even though rounding bottoms are strong reversal signals, risk management is crucial:
False breakouts: Prices may test resistance multiple times before a clean breakout.
Stop-loss placement: Traders should place stops below the midpoint of the pattern or recent support.
Position sizing: Avoid overexposure; long-term setups require patience and capital discipline.
Macro factors: Always consider industry cycles, commodity prices, and broader market sentiment.
💡 Traders’ & Investors’ Takeaways
For traders: The breakout above the neckline (previous highs) is the key entry point. Momentum traders often ride the rally post-breakout.
For investors: The pattern reflects a fundamental turnaround. Long-term investors may accumulate during the consolidation phase, anticipating sustained growth.
Psychological shift: The pattern embodies a transition from despair to renewed optimism, making it a powerful sentiment indicator.
BANKNIFTY Levels for Today
Here 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.
The Index nearing its supportNifty CMP 25230
Elliott- this is the bullish zig zag corrective pattern. The c wave is still not complete. Every c wave has its own 5 waves. Today's downfall is the iiird wave of c. So the Index may open in the green tom, only to close in the red.
Fibs- to me the fib zone at 25K is a high prob reversal zone. This is were the c wave should finish.
Conclusion - All in all we are nearing the end of the correction.






















