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#NIFTY Intraday Support and Resistance Levels - 07/08/2025Nifty is expected to open flat near the 24,550–24,570 range, showing signs of consolidation after recent volatile moves. This zone is likely to act as a key intraday support level, and price action here will be crucial in determining further direction. If Nifty manages to hold above the 24,550–24,600 level and shows reversal signs, a bounce back can be anticipated. In such a case, the index may move upward toward 24,650, 24,700, and eventually 24,750+. This upside move would indicate strength returning at lower support levels. However, if Nifty fails to sustain above 24,550 and breaks below the 24,500 level, it could trigger a downward move. A short-side opportunity may emerge below 24,500, with potential targets at 24,350, 24,300, and 24,250-. On the other hand, any bounce near 24,550–24,600 could provide a reversal long setup targeting 24,650, 24,700, and 24,750+.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(07/08/2025)Bank Nifty is expected to open flat near the 55,400–55,450 zone, which has acted as a pivotal area in the recent sessions. The index has shown repeated price action around this level, suggesting a phase of consolidation. A breakout from this zone could lead to a directional move. If the index manages to sustain above the 55,550–55,600 level, it may trigger bullish momentum with potential upside targets at 55,750, 55,850, and 55,950+. This zone is crucial as it aligns with previous resistance areas and could attract fresh buying interest on a breakout. Conversely, if Bank Nifty fails to hold above the 55,450–55,400 support band and starts trading lower, it could initiate a downward move toward 55,250, 55,150, and 55,050-. A break below 54,950 may accelerate the decline, opening the way toward 54,750, 54,650, and even 54,550-.
NSE:BANKNIFTY
by TradZoo
BTCUSDT – Institutional Money Returns, Signs of a Strong ReboundBitcoin is showing positive recovery signals as major capital flows are re-entering the market. Notably, Syz Capital has successfully raised $200 million to invest in BTC – a strong indicator of growing long-term confidence from institutional investors. On the H8 chart, BTC remains in a downtrend channel but is forming an accumulation pattern around the 111,000 USDT support area. Previous FVG zones have been filled, suggesting buying pressure is absorbing supply well. Volume is also slightly increasing at the lows – indicating selling pressure is weakening. If BTC holds above 111,000, a move toward 117,500 is likely, with potential to reach 120,000 if it breaks above the descending channel. This would confirm a clearer medium-term uptrend.
Long
by Rocky_trade_
EURUSD – Bottoming out, poised for breakoutAfter a sharp decline since late July, EURUSD is consolidating around the key support zone of 1.1520–1.1580. On the H4 chart, price remains within a descending channel but is beginning to form a compression pattern — often a precursor to a strong breakout. Bullish momentum is building as price rebounds from the 1.1480 low and holds a modest upward bias. On the macro front, the USD is weakening as markets increasingly expect the Fed to cut interest rates in September, especially after a string of weak labor data. In contrast, the EUR is supported by stable inflation and the ECB’s persistent hawkish stance. If the current support zone holds, EURUSD could break out of the descending channel and target the resistance levels at 1.1680 and 1.1770.
Long
by Rocky_trade_
2
Gold Explodes: Will the Uptrend Continue?News Background: Recent weak U.S. job data has fueled expectations that the Fed will cut interest rates in September, weakening the USD and bond yields, making gold more attractive. Additionally, trade tensions between the U.S. and India have increased uncertainty, driving capital flows into gold. Technical Chart: Resistance: 3,450 USD is a key resistance level. If broken, the price could continue to rise towards 3,500 USD. Support: 3,360 USD is the nearest support level. A drop below this could lead to a pullback to 3,320 USD. RSI: Currently at 64.11, close to overbought territory, but not yet too high, suggesting the uptrend could still continue. Outlook: Bullish scenario: If 3,450 USD is broken, the price could reach 3,500 USD. Bearish scenario: If 3,360 USD cannot hold, a pullback to 3,320 USD is possible.
OANDA:XAUUSDLong
by Rocky_trade_
6
ASIAN PAINTS LTD – Technical Analysis________________________________________ 🧠 ASIAN PAINTS LTD – Technical Analysis Ticker: NSE:ASIANPAINT | Sector: Decorative & Industrial Coatings CMP: 2,491 ▲ (+1.9%) Chart Pattern: Symmetrical Triangle Breakout Technical View: ⭐⭐⭐⭐ (Neutral-to-Positive Setup – Educational Purposes Only) ________________________________________ 📈 Technical Overview (For Educational & Informational Purposes Only) 🔹 Pattern Observed: Price action indicates a breakout from a symmetrical triangle pattern on the daily timeframe – a structure often linked to volatility contraction and potential directional movement. The stock breached the upper trendline near 2,467 with an uptick in volume, indicating possible buyer interest. 🔹 Supporting Indicators: — MACD: Bullish crossover — 200 EMA: Price reclaimed above the long-term average — RSI: Reading near 66, indicating strengthening momentum — Bollinger Bands: Price broke above upper band + BB squeeze — SuperTrend: Bullish — Open = Low: Potential buyer strength 🔹 Volume Context: Volume during the breakout session was ~2.02M – higher than average, suggesting institutional participation or increased trader interest. ________________________________________ 🔼 Resistance Levels (Reference Zones) R1: 2,518 R2: 2,545 R3: 2,583 🔽 Support Levels (Reference Zones) S1: 2,452 S2: 2,413 S3: 2,387 ________________________________________ 📰 News Summary & Sentiment Context (Neutral View) 📌 Earnings: Q1 FY26 PAT declined ~6% YoY to 1,100 Cr. Revenue slightly lower YoY but largely in-line with expectations. Decorative segment volume grew ~4%, which helped cushion margin pressures. 📌 Demand Trends: Urban & project-led demand showing signs of recovery. Rural demand is stable. Some macroeconomic caution warranted due to external factors (e.g., job market uncertainties). 📌 Regulatory Update: The CCI has initiated a probe on alleged market dominance following a complaint. The company has contested the investigation citing procedural inconsistencies. 📌 Market Mood: Despite regulatory concerns, post-earnings sentiment appears improved. The stock has risen ~5.2% YTD and has been among recent Nifty outperformers. ________________________________________ 📚 Educational Insight for Traders & Learners The symmetrical triangle is a common consolidation pattern formed by converging trendlines. It reflects a balance of power between buyers and sellers. A breakout (especially with volume) can signify renewed directional bias. In this case, the stock broke out above the resistance trendline, backed by volume and confirmation from technical tools (RSI > 60, MACD, BB squeeze, etc.). Such breakouts are monitored by traders for swing or positional opportunities, provided risk is managed and external catalysts (like earnings and macro sentiment) are factored in. ✅ Key Reminder: Technical setups should be combined with proper position sizing, exit plans, and broader market context. ________________________________________ 🔍 Trade Setup (For Educational Simulation Only) Trade Details 🔹 Long Entry: ₹2,505.60 🔹 Stop Loss (SL): ₹2,406.55 🔹 Risk-Reward Ratio: 1:1 | 1:2+ Pullback Trade Setup (Optional Re-Entry) 📍 Pullback Entry Zone: ₹2,491.20 – ₹2,505.60 📍 Protective Stop Zone: ₹2,465.87 – ₹2,453.60 📍 Risk-Reward Range: 1:1 | 1:2+ ________________________________________ ⚠️ Disclaimer (Please Read Carefully): This content is shared strictly for educational and research purposes only. I am not a SEBI-registered investment advisor, and no buy or sell recommendations are being made. All views expressed are based on personal market analysis and experience. They are not intended as financial advice. Trading — especially in derivatives like options — involves significant financial risk. Losses can exceed your initial investment. 👉 Always do your own research and consult a certified SEBI-registered advisor before making any investment or trading decisions. 👉 Use proper risk management and only trade with capital you can afford to lose. The author assumes no responsibility or liability for any trading losses incurred from acting on this content. By engaging with this material, you agree to these terms. ________________________________________ 💬 Found this helpful? Drop your thoughts, questions, or insights in the comments below ⬇️ — let’s learn together! 🔁 Share this post with your trading friends and community — help them discover clean charts, structured setups, and zone-based learning. ✅ Follow simpletradewithpatience for clear setups, educational content, and a no-nonsense approach to price action, supply-demand zones, and risk-managed trades. 🚀 Trade with patience. Trust your charts. Stay clear-headed. Because the goal is not just to trade — it's to trade better. Be Self-Reliant | Trade with Patience | Learn with Charts & Zones 📊
NSE:ASIANPAINTLong
by simpletradewithpatience
#NIFTY Intraday Support and Resistance Levels - 06/08/2025Nifty is expected to open slightly gap up near the 24,650 level, continuing to consolidate within a defined range. The price action has been forming a tight structure, making directional breakouts crucial for the next move. On the upside, a long trade can be considered if Nifty sustains above 24,750–24,800, which is the immediate resistance zone. A breakout above this zone could push Nifty toward 24,850, 24,900, and 24,950+ levels intraday. On the downside, if Nifty fails to hold the 24,750–24,700 level and starts trading below it, a short setup can be activated with potential targets of 24,600, 24,550, and 24,500-. Strong support lies near the 24,500 mark, which will be a critical zone for bulls to defend.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(06/08/2025)Bank Nifty is expected to open slightly gap up near the 55,400–55,450 zone, hinting at a cautiously optimistic start to the session. However, the index continues to trade within a narrow range with clear intraday breakout and breakdown levels defined. On the upside, if Bank Nifty sustains above the 55,550–55,600 level, a reversal rally may be triggered toward 55,750, 55,850, and 55,950+ zones. This zone will act as a resistance band, and a successful breakout will be a positive signal for bulls. On the downside, if the price fails to hold 55,450–55,400, it can initiate a short trade setup with immediate targets of 55,250, 55,150, and 55,050-. Further breakdown below 54,950 could trigger a deeper fall toward 54,750, 54,650, and 54,550-.
NSE:BANKNIFTY
by TradZoo
Is gold back on track?Gold is making a strong recovery from the 3,365 USD support zone and is now hovering around 3,380 USD. After a brief correction, the price has bounced back and is heading toward the key resistance area at 3,396 USD. A breakout above this level would likely open the door for a further move toward the 3,428 USD target. The bullish sentiment is supported by weaker-than-expected U.S. employment data, which has raised expectations that the Federal Reserve (Fed) may cut interest rates sooner. This is boosting demand for gold as a safe-haven asset. The short-term trend now leans bullish, as long as the price holds above the 3,365 support. A confirmed breakout above 3,396 could be the signal for the next leg higher.
OANDA:XAUUSDLong
by Rocky_trade_
2
EURUSD – bearish trend remains dominantEURUSD is trading within a clearly defined descending channel. After a slight rebound from the 1.14800 support zone, the price is now retesting the resistance area around 1.16000 – a zone filled with multiple previous Fair Value Gaps (FVGs). If the price fails to break above this level, the bearish trend is likely to continue with a potential move down toward 1.14000. Latest news: Weaker-than-expected US job data initially pressured the USD, but growing expectations that the Fed will maintain its tightening stance are helping the dollar recover – putting downward pressure on the euro. Summary: If EURUSD fails to break above 1.16000, a continuation of the downtrend toward 1.14000 is likely in the coming days.
Short
by Rocky_trade_
Psychological Level+Volume Reaction–Smart Entry at 1000-500 ZoneHello Traders! Ever noticed how the market behaves around round numbers like 1000, 200, 500 levels? There’s something powerful about these zones, not just technically, but psychologically too. These are the levels where large participants often step in… and smart traders take entry. Today’s post will help you understand how psychological price levels work — and how to combine them with volume confirmation for better intraday or swing setups. Why Psychological Levels Matter Round numbers attract attention: Levels like 24500, 25000, 25500 in Nifty or BankNifty act as magnets. Institutions, algos, and even retail traders tend to place orders around these levels. Buyers or sellers take control at these points: Price often pauses or reverses here, as it becomes a battleground of supply and demand. Especially if this level is also a previous support/resistance zone. Self-fulfilling behavior of traders: Because everyone expects a reaction near these zones, price actually reacts. This creates great opportunities if you can enter with the right confirmation. Volume Confirmation Makes It Powerful Look for unusual volume near these zones: Let’s say Nifty hits 24600 and suddenly you see a volume spike on a bullish candle — that’s not coincidence. That’s your cue. Price rejection with volume is key: Wick-based candles, engulfing patterns, or inside bars rejecting psychological levels with volume boost often lead to clean intraday moves. Consolidation + Breakout works best: If price consolidates near these psychological zones with low volume and breaks out with high volume, it often creates strong directional moves. Rahul’s Tip: Instead of randomly entering trades, mark round levels like 24500/24750 on your charts. Then wait patiently, combine volume + price action and let the trade come to you. Most false moves get filtered out when you use this setup with discipline. Conclusion: These psychological levels are used by big players to trap retail traders, but if you learn to read reactions at these levels, you can trade smarter. No need to chase. Just observe, react, and manage risk. What’s your experience with psychological levels? Have they helped your trades? Share your thoughts in comments. If this post helped, do like, follow and share with your trader friends.
NSE:NIFTYEducation
by TraderRahulPal
3
MAXHEALTH – Symmetrical Triangle Breakout________________________________________________________________________________ 🧠 MAXHEALTH – Symmetrical Triangle Breakout 📌 Chart Overview Symbol: `MAXHEALTH` (NSE) Timeframe: 1D (Daily) Pattern Identified: 🔺 Symmetrical Triangle Breakout Confirmation: ✅ Bullish Engulfing Volume on Breakout: 1.61M (above average) ________________________________________________________________________________ 📊 Technical Breakdown (For Educational Use Only) 🔹 Between June and August, MAXHEALTH consolidated into a symmetrical triangle, a classic pattern suggesting price compression. 🔹 A bullish breakout occurred with a strong engulfing candle on above average volume — a potential early signal of trend continuation. 🔹 The breakout occurred near the apex of the triangle, increasing its validity. 💡 Such breakouts are commonly followed by retests or follow through moves. This post is intended to help learners spot and study such setups. ________________________________________________________________________________ 📌 Key Reference Levels (Not Trade Levels) As per the current chart structure, key reference levels for MAXHEALTH include resistance zones at ₹1,290.1, ₹1,306.3, and ₹1,332.6, which may act as potential supply areas in case of continued upward momentum. On the downside, important support zones are observed near ₹1,247.6, ₹1,221.3, and ₹1,205.1, where price could find buying interest if a pullback occurs. These levels are shared purely for technical context and educational study, not as trade recommendations. ________________________________________________________________________________ 🧠 Learning Takeaways ✅ Symmetrical Triangle: Indicates indecision and tightening price range. Breakout direction often sets near term tone. ✅ Bullish Engulfing Candle: A strong reversal pattern when formed post consolidation or at trendline breaks. ✅ Volume Confirmation: Adds credibility to breakout strength — look for rising volume on breakouts. 🔍 Always watch for follow up candles, possible pullbacks (retest entries), or invalidation zones to study trade structure in real world setups. ________________________________________________________________________________ ⚠️ Disclaimer & Educational Note This content is strictly for educational and research purposes only. I am not a SEBI-registered advisor, and no buy/sell recommendations are being provided. All insights are based on personal analysis and experience and are not financial advice. 📘 This setup illustrates how combining price action (candlesticks), support/resistance zones, volume, and indicators like RSI or MACD can help build conviction in trades. However, trading—especially in derivatives like options—involves high risk, and losses can exceed the initial investment. 👉 Always do your own research and consult a SEBI-registered advisor before taking any position. 👉 Use strict risk management and only trade with capital you can afford to lose. The author assumes no liability for any losses incurred. By engaging with this content, you agree to these terms. ________________________________________________________________________________ 💬 Found this helpful? Drop your thoughts, questions, or insights in the comments below ⬇️ — let’s learn together! 🔁 Share this post with your trading friends and community — help them discover clean charts, structured setups, and zone-based learning. ✅ Follow simpletradewithpatience for clear setups, educational content, and a no-nonsense approach to price action, supply-demand zones, and risk-managed trades. 🚀 Trade with patience. Trust your charts. Stay clear-headed. Because the goal is not just to trade — it's to trade better. Be Self-Reliant | Trade with Patience | Learn with Charts & Zones 📊
NSE:MAXHEALTHLong
by simpletradewithpatience
#NIFTY Intraday Support and Resistance Levels - 05/08/2025Nifty is expected to open flat near the 24,720–24,730 zone, showing signs of consolidation within a tight range. The price action remains stuck between the immediate resistance and support levels, and today’s move could be dictated by a breakout from this range. On the upside, a breakout and sustained move above the 24,750 level may trigger a bullish rally toward 24,850, 24,900, and 24,950+ levels. This area has previously acted as resistance, and a clean breakout could lead to momentum-based buying. On the downside, if Nifty fails to hold 24,700 and breaks below 24,750–24,700, a short opportunity may arise with potential targets at 24,600, 24,550, and 24,500- levels. The range between 24,700–24,750 is the intraday decision zone. Traders should wait for confirmation and avoid premature entries. Use tight stop-losses and book partial profits near each level to manage risk effectively.
NSE:NIFTY
by TradZoo
BTCUSDT – Bullish trend remains intactBitcoin is still trading within a long-term ascending channel. After a mild pullback to the FVG zone around 112,100 USDT, the price rebounded and is now consolidating above the ascending trendline support. If this level holds, BTC is likely to continue toward the upper channel target at 122,500 USDT. Recent news supporting the uptrend: Fidelity and BlackRock have continued accumulating Bitcoin-related ETF shares. Weak US jobs data has fueled expectations of a Fed rate cut, drawing capital back into crypto. Ethereum's upcoming hard fork upgrade is boosting overall market sentiment. With both technical structure and fundamentals aligned, BTC remains bullish as long as it stays above 112,100.
Long
by Rocky_trade_
EURUSD remains in a downtrendEUR/USD continues to move within a descending channel, with the 1.1600 area acting as strong resistance. Recent price action suggests the current rebound may be just a retest before the downtrend resumes. The next bearish target is around the 1.1390 support zone. On the news front, although a strong U.S. PMI puts slight pressure on EUR, the USD faces mixed forces: Weak NFP data increases expectations of a Fed rate cut. The new US–EU trade deal imposing a 15% tariff has sharply weakened the euro. Eurozone PMI improved but remains below 50, indicating a still-fragile recovery.
Short
by Rocky_trade_
HEROMOTOCO Breakout Alert: Inverted Head & Shoulder PatternHero MotoCorp Ltd has formed a classic Inverted Head and Shoulders pattern on the daily timeframe, a strong indication of a potential bullish trend reversal. This pattern, combined with a breakout above the neckline and support from the 200 EMA, presents a high-probability long setup. This post details the trade plan, key levels, and conditions to validate or invalidate the move. Chart Analysis Summary: The stock closed at ₹4,535.90 with a powerful bullish candle, up by 5.20% for the day. This breakout move has occurred after months of consolidation and pattern development. The 200 EMA, which acted as dynamic resistance around ₹4,294, has now been breached with strong momentum, adding further bullish confidence. The left shoulder of this pattern formed around November–December 2024, the head bottomed out near April 2025, and the right shoulder was developed during June–July 2025. The neckline, placed between ₹4,500 and ₹4,550, was the final resistance, which has now been broken decisively. Trade Plan & Entry Strategy If you’ve missed the breakout candle, don’t worry. The ideal approach now is to wait for a retest of the neckline zone, which lies around ₹4,500–₹4,550. If price comes down and finds support here, then traders should watch for bullish candlestick patterns on lower timeframes (like 1H or 4H) before entering. This ensures a high-probability entry with manageable risk. For aggressive traders, early entries can be considered at current levels, but only with strict risk management and stop-loss placement below the neckline or the last swing low. If the retest holds and bullish momentum continues, this setup has the potential to deliver a clean rally. Target Zones The first target for this setup is ₹5,000, which acts as an important psychological and technical resistance. It’s a good point for partial profit booking or trailing stop adjustments. The final projected target based on the height of the pattern is ₹5,480. This level marks the completion of the measured move and can be used for full profit booking if the trend remains intact. Risk & Invalidation Level This setup will be considered invalid if the price drops and closes below ₹4,200, which is the base of the right shoulder. A breakdown below this support would indicate that the bullish structure has failed, and the stock may revisit lower zones. Why This Setup is High-Quality The Inverted Head & Shoulders is one of the most reliable reversal patterns in technical analysis. In this case, the breakout is supported by strong volume (not shown in the chart), a decisive close above the neckline, and a 200 EMA crossover, all of which provide strong technical confluence. The structure is clean, and the breakout level is clearly defined. Risk is limited and reward is substantial — a great setup for swing or positional trades. Hero MotoCorp is showing early signs of a potential trend reversal after months of correction and consolidation. The breakout from the Inverted Head & Shoulders pattern offers a golden opportunity for traders looking for bullish setups. If the neckline retest confirms, this trade can offer a great reward-to-risk ratio targeting 5,000 and beyond. As always, patience and disciplined execution are key.
NSE:HEROMOTOCOLong
by TradZoo
Golden EMA Setup – Catch Medium-Term Trends with 50 & 200 EMA!Hello Traders! One of the simplest yet most powerful ways to identify long-lasting trends is by using moving averages. And among all combinations, there’s one that stands out for swing and positional trades, the Golden EMA Setup . It uses just two tools: the 50 EMA and the 200 EMA. When used correctly, this setup helps you ride big trends and avoid choppy zones. Let’s understand how this works and how you can apply it. What is the Golden EMA Setup? It’s a trend-following strategy based on the crossover of two EMAs: 50 EMA (Fast Average): Reacts quicker to price changes 200 EMA (Slow Average): Represents the long-term trend When 50 EMA crosses above 200 EMA, it’s considered a Golden Crossover , a bullish signal. When 50 EMA crosses below 200 EMA, it’s a Death Crossover , a bearish signal. How to Trade This Setup: Entry: Buy when 50 EMA crosses above 200 EMA and price is above both. Stop Loss: Just below the 200 EMA or recent swing low. Target: Trail the stop loss and ride the trend till the crossover reverses or price weakens. Timeframe: Works best on daily or 1-hour chart for positional/swing trades. Rahul Tip: Golden EMA setup works great during trending phases, but avoid using it in sideways markets — you may get trapped in whipsaws. Always confirm with volume or RSI divergence before entering. Did you ever used this strategy before, let me know in comment box.
NSE:LTIMEducation
by TraderRahulPal
6
HESTERBIO – A Pattern Inside a Pattern Inside a Pattern!🔍 Here’s what stands out on the Weekly Chart: 1️⃣ Broadening Pattern – Larger structure with higher highs and lower lows, indicating expanding volatility. 2️⃣ Counter Trendline Break – A smaller, random pattern within the broadening formation showing V-shape recoveries and trend shifts. 3️⃣ Bullish Pennant – A compact consolidation pattern just before a strong breakout leg. This is a great example of how multiple time-frame structures and nested patterns can co-exist—each adding another layer to market behavior.
NSE:HESTERBIOLong
by Averoy_Apoorv_Analysis
#NIFTY Intraday Support and Resistance Levels - 04/08/2025Nifty is expected to open slightly gap up near the 24,550–24,600 zone. This area is currently acting as a resistance, and price action around it will be crucial to determine directional momentum for the session. If Nifty sustains above 24,750, a bullish rally may unfold with potential upside targets at 24,850, 24,900, and 24,950+. A breakout above 24,751.65 would confirm strength and may trigger intraday buying interest. On the downside, if Nifty faces rejection around 24,700 and breaks below the 24,700–24,750 zone, it can lead to a bearish move. A breakdown below this zone opens downside targets at 24,600, 24,550, and 24,500-. Further weakness below 24,450 may lead to an extended fall toward 24,350, 24,300, and 24,250-. The broader trend remains weak unless Nifty reclaims strength above 24,750. Traders should stay cautious near reversal levels and maintain strict trailing stop-loss to protect profits and manage intraday volatility.
NSE:NIFTY
by TradZoo
GRASIM Bullish Setup: Key AOI Levels and Reversal Trade PlanGRASIM Industries Ltd is currently forming a potential bullish reversal structure as it approaches a key structural AOI (Area of Interest) zone on the daily chart. This post outlines the complete trade setup, including price action analysis, important zones to monitor, trade plan, and conditions under which the setup could fail. Key Observations 1. Weekly AOI – Support Zone Range: Around ₹2,675 to ₹2,701 This green zone represents a strong weekly demand area, acting as a base for potential reversal. Aligned with the psychological level of ₹2,700, this zone has historically acted as a strong pivot. 2. 2H Structure Shift AOI Zone Level: ₹2,752.10 This level marks the intraday structure breakout zone on the 2-hour chart. A successful breakout followed by a retest and bullish candlestick pattern may trigger confirmation for a long position. Suggested lower timeframes for confirmation: 2HR, 1HR, and 30 Min. 3. Weekly AOI – Resistance Zone Range: ₹2,875 to ₹2,925 The upside potential is capped at this resistance area, making it an ideal zone for partial or full profit booking. Trade Plan Breakdown Projected Move: Price is currently hovering below the intraday structure shift. If the price breaks above the ₹2,752 level, traders should wait for a pullback and confirmation in the form of a bullish candle on lower timeframes. Post-confirmation, an upward move toward the weekly resistance zone is projected. Entry Strategy Trigger: Break and retest of the ₹2,752.10 level. Confirmation: Bullish candlestick pattern (Pin Bar, Engulfing, or Morning Star) on 30 Min – 2HR timeframe. Stop-Loss: Below the structure AOI or below ₹2,700. Target 1: ₹2,875 (Near top of Weekly AOI – Resistance) Target 2: ₹2,900+ (Aggressive target within resistance zone) Setup Invalidation Level If the price starts trading below ₹2,700, especially with strong bearish momentum, the setup fails. In that case, price may revisit lower zones, and traders should refrain from taking long positions. Technical Confluence EMA 200 Support: Current price is significantly above the EMA 200 (₹2,618), indicating long-term bullish momentum. Psychological Level ₹2700: Key psychological round number acting as a magnet and support. Intraday structure shift: The break of lower timeframe structure adds strength to the setup Risk Management Guidelines Position Sizing: Do not risk more than 1-2% of capital per trade. Wait for Confirmation: Avoid premature entries without bullish candlestick confirmation. Trail Your Stop-Loss: After price moves into profit zone, trail SL to protect capital. GRASIM Industries is showing signs of potential reversal and strength near the ₹2,700 zone. The structure shift on the 2-hour chart provides a bullish opportunity, but entry must be cautious and confirmation-based. With a solid risk-to-reward ratio, this could be a textbook breakout-retest trade if conditions align.
NSE:GRASIMLong
by TradZoo
1
Varun Beverages: From Parallel Channel to Symmetrical TriangleOn the monthly timeframe (right chart), Varun Beverages shows a classic Fibonacci retracement pullback to the 38.2% level after an extended rally. >Shifting to the weekly timeframe (left chart), we observe: -Parallel Channel during the earlier uptrend phase, reflecting a strong trending structure. -A break of the uptrend that transitioned into a sideways phase. -Formation of a Symmetrical Triangle – characterized by a sequence of lower highs and higher lows, creating a contraction pattern. This multi‑timeframe view highlights how trends evolve from strong rallies, to corrections, and into consolidation structures. ⚠️ Disclaimer: This post is for educational purposes only and is not financial advice.
NSE:VBLLong
by Averoy_Apoorv_Analysis
XAUUSD – Gold accelerates: Is the 3,600 target within reach?Gold has made an impressive rally of nearly 720 pips, surging from the recent bottom near 3,260 up to 3,365, following a deeply disappointing U.S. jobs report. Non-Farm Payrolls came in at just 106K, far below expectations, while the unemployment rate climbed to 4.2% — a clear sign that the U.S. economy is slowing down. In this context, the expectation that the Fed will pause rate hikes has become more solid, paving the way for gold to break higher. Technical analysis on the D1 timeframe shows that XAUUSD remains in a well-established ascending channel that has persisted since late 2024. The recent bounce from the 3,260 support zone was strong, with yesterday's bullish candle confirming that buyers are regaining control. As long as price holds above the 3,260 support area, the next target lies at the psychological resistance around 3,500, and beyond that — the ambitious 3,600 mark.
OANDA:XAUUSDLong
by Rocky_trade_
2