EURUSD – Failed Breakout, Bearish Momentum Takes OverEURUSD attempted to break out of the upper edge of a consolidation triangle but was swiftly rejected around the 1.17450 region, forming a classic “failed breakout” — a pattern that often precedes strong reversals. The pair is now pulling back and appears to be heading toward the 1.16800 support zone.
On the news front, the market is under pressure from rising expectations that the Federal Reserve will maintain higher interest rates for longer, following stronger-than-expected U.S. job data. This has driven a notable recovery in the U.S. dollar, putting downward pressure on the euro. In this context, EURUSD risks a deeper correction if the 1.1700 support fails to hold. Keep a close eye on price action — this pullback could be the start of a new bearish leg.
Technical Analysis
USDJPY – Is the Downtrend Taking Shape?On the H4 chart, USDJPY shows signs of weakening as it repeatedly fails to break above the long-term descending trendline. Despite a recent recovery toward the 147.000 level, buying momentum appears to be fading. The price structure suggests the possibility of a false breakout before a reversal toward the 144.300 support zone—an area with multiple unfilled FVGs.
From a news perspective, traders are awaiting today’s upcoming U.S. CPI report. If inflation data comes in hotter than expected, the USD may gain short-term strength. However, a weaker CPI reading could trigger a quick reversal in USDJPY, confirming the bearish setup. The 147.000 level remains the critical zone to watch for any potential rejection or breakout.
BITCOIN Just Smashed a 50-Day Supply Wall — Breakout or Fakeout Bitcoin (BTC/USDT) on the Daily & Weekly Timeframe just pulled off something BIG:
✅ Broke out of a 50-day consolidation range
✅ Closed above a strong Daily supply zone
✅ Cracked both DTF & WTF resistance lines (including a higher-high dynamic DTF resistance)
✅ Volume confirmation with a strong green candle
📌 This is an extremely bullish structure for short-term scalping ideas.
But Wait — What’s Happening Technically?
Supply Zone: This orange box is where BTC got sold off multiple times before. Breaking above this = strong bullish intent.
⚠️ Caution: Bitcoin is the King of Fakeouts 👑🐍
BTC has a notorious nature for false breakouts, trapping both bulls and bears. That’s why:
🧠 Best Strategy = Trap Trading OR
⏳ Wait for a pullback and retest of broken zones on higher timeframes . Plan your trade - trade your plan .
Don't chase — let price come to you.
💬 Drop your thoughts / doubts in comments.
📌 Not financial advice — just me and my Emotions
Power Grid Flag Pattern Breakout SetupPower Grid – Breakout Plan
Watching for a clean move above ₹300 level.
Hourly chart shows Cup & Handle formation, while Daily/Weekly has Flag pattern attempting breakout.
✅ Breakout level: ₹300 (confirmation close needed)
✅ Stop-loss: ₹290–294 (below support / ATR-based)
✅ Target 1: ₹328 (Fibonacci 0.618 – Golden Ratio)
✅ Target 2: ₹375 (Measured Move)
Indicators:
EMAs rising on hourly, steady on daily.
RSI strong but nearing overbought on lower timeframe.
MACD positive momentum.
Watching volume for confirmation.
Macro Drivers:
Government infra spending.
Cooling inflation.
Rising electricity demand in India.
✅ Plan: Wait for confirmed breakout with volume. Strict risk management with pre-defined stop.
Eve-Adam Pattern Forming? A Rare Double Bottom Pattern Explained📉 Pattern Study (Not a Buy/Sell Tip/Not Forecasting anything)
On the weekly chart of Mamata Machinery Ltd, we’re potentially witnessing a classic yet uncommon pattern — the Eve-Adam Double Bottom.
🔍 What is the Eve-Adam pattern?
🧑🦰 Eve Bottom: Broad, rounded, and forms slowly with increased volume — showing gradual accumulation.
👦 Adam Bottom: Sharp, V-shaped recovery with relatively lower volume — a quick retest signaling renewed demand.
📈 What makes this setup notable?
-A clear Eve structure formed over several weeks.
-Volume started rising visibly into the breakout, especially during the right-side thrust.
-A possible Adam leg is being projected based on the symmetry of the pattern.
🟡 Additionally, a rounding base / cup-like structure preceded this, which may act as a broader accumulation phase.
🔄 This isn’t a forecast or trade call. It’s simply a chart observation intended for pattern study and educational analysis.
📚 Patterns like these are rare — but when supported by volume confirmation, they deserve attention from a learning standpoint.
Gold’s Recent Movement and Market SentimentXAUUSD: Gold Bounces Strongly From the Bottom, Is This the Start of a New Uptrend?
🌍 Macro Overview – Gold’s Recent Movement and Market Sentiment
Gold recently experienced a strong bounce from the 3.282 USD/oz low, reaching up to 3.317 USD/oz. This move has sparked some optimism, but let’s take a look at the key macro factors that might be affecting gold:
📉 US bond yields have dropped, signaling that market risk aversion is starting to return
💵 The USD remains strong, but buying interest for gold in Asia is increasing, as confidence in fiat currencies begins to wane
🇪🇺 The EU is pushing ahead with negotiations with the US on tariffs before the August 1st deadline. If these talks break down, gold could benefit significantly
🏦 The Fed is maintaining interest rates, but the market is betting that cuts could come in September if inflation remains under control
📊 US unemployment data and the Fed’s speech tonight will be key, with the market waiting anxiously for clues on the Fed’s next move
📊 Technical Analysis – Gold Approaching Key Resistance Zones
Gold is trading within a descending channel, but signs of a breakout are emerging after a solid test of the bottom.
Key resistance levels are around 3330 – 3340, and these will be crucial in determining whether gold can continue its upward momentum.
Fair Value Gap (FVG) has appeared between 3310 – 3320, which suggests that if buying pressure remains, a breakout could be on the horizon.
🎯 Trading Strategy for Today – Focused on Clear Entry Points
🟢 BUY SCALP:
Entry: 3310 – 3308
SL: 3304
TP: 3314 → 3318 → 3322 → 3326 → 3330
🔵 BUY ZONE (safer entry points):
Entry: 3290 – 3288
SL: 3284
TP: 3294 → 3298 → 3302 → 3306 → 3310 → 3320 → 3330
🔴 SELL SCALP (if price hits resistance levels):
Entry: 3335 – 3337
SL: 3342
TP: 3330 → 3325 → 3320 → 3315 → 3310 → 3300
⚫ SELL ZONE (strong resistance at 3360-3362):
Entry: 3360 – 3362
SL: 3366
TP: 3356 → 3352 → 3348 → 3344 → 3340 → 3336 → 3330
📌 Note:
Always place SL and TP to protect your account, especially in a market that may experience significant volatility.
Monitor the volume from London and New York sessions for clearer market direction. A strong breakout above resistance could signal the start of a new uptrend.
💬 Gold has bounced strongly, but is this the start of a larger rally, or just a brief pullback? What do you think about today’s potential trend? Share your thoughts in the comments below!
EURUSD – Rebounding from supportEURUSD is forming a small rounded bottom after testing the support zone around 1.1670. If this level holds and price breaks above the nearby FVG area, the pair may continue its recovery toward the 1.1820 target, as shown in the projected path.
Fundamentally, the euro is supported by stronger-than-expected Eurozone retail sales and rising inflation expectations ahead of this week’s CPI data (scheduled for July 10–11). Meanwhile, the USD is under pressure due to uncertainty over U.S.–EU trade policy and a lack of clarity from U.S. trade decisions, which favors a EURUSD rebound.
As long as EURUSD holds above 1.1670, the bullish outlook remains valid. However, a break below this zone could send the pair back toward the 1.1600 area.
XAUUSD – Gold Maintains Bullish Momentum Amid Trade TensionsGold continues to respect its long-term ascending trendline that started in September 2024. After a corrective move from the $3,450 resistance zone, price has just retested the trendline near $3,060 and bounced strongly — a clear sign that buyers still control the bullish structure.
Fundamentally, gold is supported by two major factors:
The U.S.–14-nation trade conflict, with a tariff deadline set for August 1st, is fueling risk-off sentiment and driving safe-haven demand — pushing gold above $3,300.
The global de-dollarization trend and over $38 billion flowing into gold ETFs in H1 2025 are strengthening gold’s role as a USD alternative.
Looking ahead: If XAUUSD holds above the $3,060 support zone, it may head toward $3,211 and possibly $3,350. The bullish outlook remains intact as long as the trendline is respected.
CAMS – Rising Wedge in Focus ________________________________________________________________________________
📈 CAMS – Rising Wedge in Focus
🕒 Chart Type: Daily
________________________________________________________________________________
What’s Catching Our Eye:
CAMS is forming a Rising Wedge, a technical structure that often leads to strong directional moves. The price is nearing the upper boundary of the wedge, indicating possible breakout or reversal. This contraction in range is typically followed by expansion — and smart traders are watching closely.
________________________________________________________________________________
What We’re Watching For:
Price holding above ₹4201.40 could trigger interest from early participants. On the flip side, a breakdown below ₹4090.50 may signal failure of the wedge structure. For more confirmation-driven entries, one may wait for a proper breakout or breakdown candle with volume.
________________________________________________________________________________
Volume Footprint Analysis:
As expected in wedge formations, volume has compressed. A breakout supported by volume expansion could validate the move and offer confidence in continuation. Volume is the key trigger to watch once the wedge resolves.
________________________________________________________________________________ Option Structure Insight:
For educational purposes, one could observe a neutral hedge approach using options:
– Buy 4200 CE
– Buy 4100 PE
This can potentially help capture a sharp move in either direction. Once the move confirms, the opposite leg can be exited to ride the trend with managed risk.
Price Action Logic:
Rising wedge formations typically form after a directional up-move and narrow into a tightening range. This is often followed by an impulsive expansion phase. CAMS is showing that exact setup. The price is sandwiched between key resistance at ₹4200+ and demand near ₹3880.
________________________________________________________________________________
💼 Sector Tailwinds:
CAMS, operating within the mutual fund RTA space, benefits from India's rising retail participation and SIP growth. The digitalisation of mutual fund flows, compliance demand, and data-based services lend long-term support to this sector. These factors offer fundamental strength to this technical setup.
________________________________________________________________________________
⚠️ Risks to Watch:
– A close below ₹4085 could invalidate the bullish wedge setup
– Current price behavior reflects compression, but indicators like Stochastic may suggest near-term overbought conditions
– Avoid chasing — wait for confirmation via breakout + volume or a proper retest candle
– Do not over-leverage in a low-volume wedge structure — focus on proper R:R and sizing
________________________________________________________________________________
🔮 What to Expect Next:
If the wedge breaks upward and sustains above ₹4201.40 with volume, price expansion may be observed toward ₹4330–₹4450 zone. On the downside, a breakdown below ₹4090.50 may trigger a move toward the ₹3950–₹3880 support cluster. Watch for confirmation in the next 2–3 sessions before taking directional exposure.
________________________________________________________________________________
🧠 How to Trade CAMS (For Educational Use Only):
🔹 Breakout Trade Plan
• Entry: Above ₹4201.40
• Stop Loss: Below ₹4090.50 (closing basis preferred)
• Pullback Entry: If price returns to ₹4095–₹4105 zone and shows bounce confirmation
• Risk-Reward: Start with 1:1, trail for 1:2+
• Position Sizing: Based on risk, never overexpose in a wedge
🔹 Options Strategy (Educational View)
• Buy CAMS 4200 CE
• Buy CAMS 4100 PE
• Exit the losing leg once direction confirms with price + volume breakout
________________________________________________________________________________
📍 Levels to Keep an Eye On:
The first key level to observe is ₹4201.40 — a break above this may attract early interest from aggressive participants as it represents the upper boundary of the rising wedge. On the downside, ₹4090.50 acts as the breakdown level; if breached, it could suggest structural weakness and a potential shift in trend.
In case of an upward breakout, we are closely monitoring the ₹4330–₹4450 zone as a possible price expansion area. If the breakdown plays out instead, the ₹3950–₹3880 zone becomes important as a potential reaction area or demand test.
Historically, the ₹3880–₹3950 range has shown signs of buyer interest and may act as a demand zone if retested. On the upside, ₹4320–₹4400 has acted as supply in the past and could present resistance if the price extends higher.
A close below ₹4085 would invalidate the bullish wedge structure and may require a reassessment of directional bias.
________________________________________________________________________________
⚠️ Disclaimer (Please Read):
• This chart is shared for educational purposes only and is not investment advice.
• I am not a SEBI-registered advisor.
• The information provided here is based on personal market observation.
• No buy/sell recommendations are being made.
• Please do your own research or consult a registered financial advisor before making any trading decisions.
• Trading involves risk. Always use proper risk management.
________________________________________________________________________________
💬 Found this helpful?
How would you prefer to approach this — breakout entry or pullback into zone?
Drop your thoughts or questions in the comments below ⬇️
🔁 Share this post with your trading community.
✅ Follow @SimpleTradeWithPatience for price-action backed technical setups.
🚀 Let’s trade with patience, logic, and clarity!
Be Self-Reliant | Trade with Patience | Learn with Logic
________________________________________________________________________________
EURUSD – Rebounding from Trendline, Targeting 1.18500EURUSD has bounced off the ascending trendline and key support zone around 1.16900. The price action suggests a potential continuation of the uptrend, with the next target near the 1.18500 resistance zone.
The current structure is forming higher lows, indicating bullish momentum. As long as the price holds above 1.16900, the bullish scenario remains valid.
From a fundamental perspective, the euro is supported by expectations that the ECB will keep interest rates steady, while the USD faces pressure if the upcoming FOMC minutes strike a less hawkish tone. This creates a favorable backdrop for the EURUSD uptrend.
MIRZAINT – Cup & Handle Breakout | Daily Chart📊 MIRZAINT – Cup & Handle Breakout from Order Block | RVol 349% | RSI Near Overbought | Daily Chart
📅 Chart Date: July 8, 2025
📍 CMP: ₹34.45 (+4.71%)
📈 Symbol: NSE:MIRZAINT
🔍 Technical Analysis Breakdown
☕ Cup & Handle Breakout
Classic Cup & Handle pattern breakout above neckline resistance at ~₹33.
Smooth rounding bottom base followed by tight consolidation and bullish breakout.
🟥 Volumized Order Block (OB) Analysis
Previous Supply Zone: Between ₹41–₹49.5.
Demand Zone: ~₹24–₹26, previously respected.
Breakout occurred from a fresh bullish 1D OB .
📈 Relative Volume (RVol%): 349%
Significant volume spike confirms strong buying interest behind the breakout.
📐 Measured OB Data
1.542M (44%) red OB supply previously pushed price down.
Bullish OB of 795.893K (18%) supported accumulation phase pre-breakout.
📊 RSI (14, close): 69.18
Approaching overbought zone (>70), confirming strong trend but may see minor consolidation.
🏁 Key Technical Levels
Breakout Level (Neckline): ₹33.00
CMP: ₹34.45
Resistance Ahead: ₹41.00 → ₹49.50 (previous OB supply zone)
Support: ₹30.00 / ₹26.00 (OB base)
💡 Trade Setup Insight
Entry: CMP on breakout or retest near ₹33
Target 1: ₹41
Target 2: ₹49+
Stoploss: Below ₹30 or ₹26 (OB base zone)
Risk Profile: Moderate to Aggressive
⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management.
📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis!
🔁 Drop a comment if TFCILTD is on your radar for the next breakout rally 📈
KOTAKBANK – Strong Call Long Build-Up________________________________________________________________________________
📈 KOTAKBANK – Strong Call Long Build-Up Signals Possible Upside Attempt
🕒 Chart: 15-Min | 📆 July 8, 2025
________________________________________________________________________________
🔍 What’s Catching Our Eye:
Buyers are aggressively building positions in multiple Call strikes from ₹2200 to ₹2320, hinting at bullish sentiment returning.
________________________________________________________________________________📌 What We’re Watching For:
If price sustains above ₹2240–₹2241.5, we may see a move toward ₹2300+ in the short term.
________________________________________________________________________________📌 OI Inference:
Call side is witnessing Long Build-Up (2240–2320, even 2400 CE), while Put side is under Short Build-Up, showing Put sellers are confident the downside is limited.
________________________________________________________________________________🔁 Trend Bias:
🟢 Bullish to Range-Bound – as long as price holds above ₹2200 with rising Call OI and falling PE premiums.
________________________________________________________________________________🧠 Trade Logic / Reasoning:
• Major Call strikes like 2240, 2260, 2300 under Long Build-Up
• 2200 CE shows Short Covering – a sign of prior bearish positions being exited
• Puts are mostly under Short Build-Up = downside cushion building
• Volatility is low = option buyers betting on directional breakout
________________________________________________________________________________📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2241.5
🔻 Bottom Range (Support): ₹2111
🟢 Demand Zone: NA
🔴 Supply Zone: NA
________________________________________________________________________________🎯 Trade Plan (Educational Purpose Only):
✅ Buy (Equity): Above ₹2241.5 with strength and follow-through
✅ Sell (Equity): Only below ₹2200 if fresh PE Long Build-Up appears
✅ Best CE to Buy: ₹2240 CE or ₹2260 CE if price sustains above ₹2240
❌ Avoid Put Buying: Most Put options are under Short Build-Up (bearish bets getting closed)
📌 Strategy Idea (Low Risk):
Bull Call Spread – Buy ₹2240 CE, Sell ₹2300 CE
→ Works well if stock rises, and risk stays limited
________________________________________________________________________________⚠️ Invalidation Levels:
🔻 Below ₹2200 = Long view weakens
🔺 Above ₹2241.5 = bullish breakout confirmed
________________________________________________________________________________
⚠️ Disclaimer:
This is only for educational purposes.
STWP is not a SEBI-registered advisor.
Please consult a financial advisor before making trades.
STWP is not responsible for any trading decisions based on this content.
________________________________________________________________________________
💬 Will KOTAKBANK break out above ₹2240 or stay stuck?
⬇️ Share your view in the comments!
🔁 Repost this if you’re tracking the zone
✅ Follow STWP for clean Options + Price Action setups
🚀 Let’s trade with clarity and confidence!
________________________________________________________________________________
BSE – Strong Call Writing | Tested Supply Zone in Play________________________________________________________________________________
📈 BSE – Strong Call Writing Below 2600 | Tested Supply Zone in Play
🕒 Chart: 15-Min
📆 July 8, 2025
________________________________________________________________________________
🔍 What’s Catching Our Eye:
Massive Call writing seen from ₹2400 to ₹2900, clearly indicating resistance at higher levels.
________________________________________________________________________________📌 What We’re Watching For:
Price is facing selling near the ₹2542–₹2589 supply zone; a rejection here can drag it toward ₹2395 or below.
________________________________________________________________________________📌 OI Inference:
CEs are heavily sold across all levels – especially 2600, 2500, 2700, and 2400 CE.
Strong Put buying from 2400 down to 2000 PE → Market participants are expecting downside.
________________________________________________________________________________🔁 Trend Bias:
🔴 Bearish to Range-Bound – unless price breaks above ₹2594.05 with volume and CE unwinding.
________________________________________________________________________________🧠 Trade Logic / Reasoning:
• 12+ Call Strikes under Short Build-Up = strong ceiling
• Long Build-Up in deep Puts (2500, 2400, 2300, even 2000)
• Tested supply zone between ₹2542–₹2589 = rejection likely
• PE IVs rising = fear building up, especially below 2500
________________________________________________________________________________📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2731.6
🔻 Bottom Range (Support): ₹2395
🟢 Demand Zone: NA
🔴 Supply Zone: ₹2542.20 – ₹2589.10 | SL: ₹2594.05(Tested Zone)
________________________________________________________________________________🎯 Trade Plan (Educational Purpose Only):
✅ Sell (Equity): Near ₹2542–₹2589 if price rejects the supply zone
✅ Buy (Equity): Only above ₹2594.05 with strong volume
✅ Best Put to Buy: ₹2500 PE or ₹2400 PE on breakdown
❌ Avoid Call Buying: All Calls are under heavy selling
📌 Strategy Idea (Low Risk):
Bear Put Spread – Buy 2500 PE, Sell 2400 PE
→ Profitable if stock drops, risk stays limited
________________________________________________________________________________⚠️ Invalidation Levels:
🔺 Above ₹2594.05 = bearish setup may fail
🔻 Below ₹2395 = confirms breakdown and trend continuation
________________________________________________________________________________
⚠️ Disclaimer:
This post is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for any trading decisions based on this content.
________________________________________________________________________________
💬 Will BSE break supply and fly, or get rejected again?
⬇️ Share your view in the comments!
🔁 Repost this if you're watching BSE
✅ Follow STWP for clean Options + Price Action insights
🚀 Let’s trade with clarity and confidence!
________________________________________________________________________________
ANGELONE – Heavy CE Writing Signals Bearish Bias________________________________________________________________________________📈 ANGELONE – Heavy CE Writing Signals Bearish Bias Below 2800
🕒 Chart: 15-Min
📆 July 8, 2025
________________________________________________________________________________
🔍 What’s Catching Our Eye:
Call writers aggressively building positions from ₹2700 to ₹3000, capping upside.
________________________________________________________________________________
📌 What We’re Watching For:
If price fails to cross ₹2750–₹2800, there’s a chance it can fall back toward ₹2600 or lower.
________________________________________________________________________________
📌 OI Inference:
CEs are heavily written across the board – from 2700 to 3000 – while PEs are being accumulated.
This is bearish skew with strong support building up around ₹2500–2600.
________________________________________________________________________________
🔁 Trend Bias:
🔴 Bearish to Range-Bound – unless price breaks above ₹2837.5 with volume and Call unwinding
________________________________________________________________________________
🧠 Trade Logic / Reasoning:
• Multiple Call Strikes are under Short Build-Up
• Strong Put writing from 2700 down to 2400 = hedging for downside
• Price is below most of the heavy Call strikes → smart money may be expecting weakness
• Implied Volatility (IV) on PEs rising → indicates fear of volatility spike on downside
________________________________________________________________________________
📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2837.5
🔻 Bottom Range (Support): ₹2607.7
🟢 Demand Zone: NA
🔴 Supply Zone: NA
________________________________________________________________________________🎯 Trade Plan (Educational Purpose Only):
✅ Sell (Equity): Near ₹2750–₹2800 if price gets rejected
✅ Buy (Equity): Only above ₹2837.5 with good volume
✅ Best Put to Buy: ₹2700 PE or ₹2600 PE if price starts falling again
❌ Avoid Call Buying: Most Calls are under selling pressure(Look for reversal confirmation)
📌 Strategy Idea (Low Risk):
• Bear Put Spread – Buy 2700 PE, Sell 2600 PE
→ You gain if price falls, but risk is limited
________________________________________________________________________________⚠️ Invalidation Levels:
🔺 If price moves above ₹2837.5, bearish setup may fail
🔻 If price breaks below ₹2607.7, more downside likely
________________________________________________________________________________⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________________________________________________
💬 Will ANGELONE bounce or fall more?
What’s your view on ANGELONE? Comment below ⬇️
🔁 Share this if you're tracking the zone
✅ Follow STWP for clean Price Action + OI Trades
🚀 Let’s trade with clarity and confidence!
________________________________________________________________________________
ASIAN PAINTS LTD – Gap Fill Setup Near Resistance | Price Action________________________________________________________________________________📈 ASIAN PAINTS LTD – Gap Fill Setup Near Resistance | Price Action Analysis
🕒 Chart Type: Daily (1D)
________________________________________________________________________________
🔍 What’s Catching Our Eye:
Price is testing a major resistance with a gap still left to be filled above.
________________________________________________________________________________
📌 What We’re Watching For:
A breakout above 2491 or a reversal from the resistance zone.
________________________________________________________________________________
📊 Volume Footprint:
Breakout occurred on slightly lower volume – caution advised.
________________________________________________________________________________
🔁 Trend Bias:
Short-term bullish with breakout momentum in play.
________________________________________________________________________________
🧠 Trade Logic / Reasoning:
Strong bullish candle with BB breakout and VWAP support suggest strength.
________________________________________________________________________________
📍 Important Levels to Mark:
Key zones are 2491 (Top) and 2124.75 (Bottom) for breakout or bounce setups.
________________________________________________________________________________
🎯 Trade Plan (Educational Purpose Only):
Best Buy:
Above 2491 on retest with volume; or near 2451–2419 with bullish reversal.
________________________________________________________________________________
Best Sell:
Below 2451 with rejection confirmation; or near 2520 if breakout fails.
________________________________________________________________________________
Demand Zone / Supply Zone: NA
________________________________________________________________________________
⚠️ Invalidation Below:
Breakdown below 2435 would invalidate current bullish bias.
________________________________________________________________________________
⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________________________________________________
💬 Found this helpful?
Will Asian Paints Breakout or Fakeout
Share your thoughts in the comments ⬇️
🔁 Spread the insight with fellow traders
✅ Follow STWP for smart technical setups backed by volume and price action
🚀 Let’s trade with patience, logic, and clarity!
Be Self-Reliant | Trade with Patience | Learn with Logic
________________________________________________________________________________
Buy Opportunity or A Sign of a Bigger Downtrend?Gold Reverses Below 3300 – Buy Opportunity or A Sign of a Bigger Downtrend?
🧭 Market Update: Is the Sell-Off Really That Dangerous?
Gold had a surprising reversal at the end of the US session yesterday, after a sudden sharp drop targeting the 329x liquidity zone, followed by strong buying momentum pushing the price back above this level.
When gold tested the liquidity zone below 3300, large buying volumes appeared and pushed prices above this region. Overall, the market has not yet made a clear decision for either the bulls or the bears. We are still in an accumulation phase, with liquidity sweeps happening around both highs and lows, so it's crucial for traders to stay cautious and focus on finding appropriate scalping points to enter and exit.
Short-Term Outlook: Buy Bias Takes Over Today
For today, the buy bias appears to be stronger than yesterday. Focus on buying early at continuation patterns to catch the market trend. The D1 candle from yesterday formed a wick rejection, showing that the selling pressure was absorbed and the buying momentum has returned in the short term. So, it’s important to be proactive and look for early buy opportunities.
In the M30 timeframe, a solid continuation pattern is forming in the 16-14 zone, which could be an ideal entry point for today. If the price drops further, we’ll watch for a test of the old bottom at 03-00, and we’ll wait for any strong downward momentum to confirm if the bearish trend continues. On the other hand, for those considering sell positions, caution is advised. As mentioned earlier, with yesterday’s D1 wick rejection, the SELL pressure has likely been absorbed, and BUY momentum may overpower in the next few days. Avoid rushing into sell trades prematurely.
Key Support & Resistance Levels:
Important Resistance: 3342 – 3353 – 3362 – 3381
Important Support: 3330 – 3314 – 3303 – 3295
Scalping Opportunities and Buy Zones:
BUY SCALP:
3316 – 3314
Stop Loss: 3310
Take Profit: 3320 → 3325 → 3330 → 3335 → 3340 → 3350
BUY ZONE:
3303 – 3301
Stop Loss: 3297
Take Profit: 3306 → 3310 → 3315 → 3320 → 3330 → 3340 → ????
Sell Opportunities and Caution on Bears:
SELL SCALP:
3362 – 3364
Stop Loss: 3368
Take Profit: 3358 → 3354 → 3350 → 3345 → 3340 → 3330
SELL ZONE:
3380 – 3382
Stop Loss: 3386
Take Profit: 3376 → 3372 → 3368 → 3364 → 3360 → 3350
Key Takeaway:
We are at a crucial juncture where both bulls and bears are battling for control. Will gold bounce from the support and continue its bullish momentum, or will the sellers take charge and drag prices lower? Be patient and wait for clear price action signals before entering trades.
The market is currently in an accumulation phase, so don't rush into trades. Focus on buying when clear confirmations appear at support zones and be aware of sell rejections at key resistance levels.
💬 What’s Your View on Gold Today?
Do you think gold is ready to break 3390 and continue its bullish trend? Or are we looking at a deeper correction to 3270 in the coming days?
👇 Share your analysis and thoughts in the comments below! I’d love to hear your take on where gold is heading next! Let’s discuss and refine our strategies together!
HINDALCO Gearing Up for Wave 5? Entry Zone Locked In for Swing!
📊 HINDALCO – Elliott Wave Analysis (1H Timeframe)
Textbook 5-wave impulse in play – Wave 4 nearing completion
Structurally clean setup with ideal R:R and defined invalidation. High probability long opportunity forming.
🧩 Wave Structure:
Wave 1 to 3 completed; Wave 3 peaked with momentum
Current correction forming a classic ABC zig-zag in Wave 4
Subwaves 'a' and 'b' completed; 'c' approaching ideal completion zone
🔎 Technical Confluence Zone:
Wave 4 Fib Retracement: 38.2–61.8% of Wave 3 → ₹680–663
Support Structure: Aligns with Wave C zone = ₹680–683
Price action showing slowdown → low volatility candles + buyer absorption
Entry zone aligns with high-probability reversal structure
🎯 Upside Targets (Wave 5 Projection):
First Swing Zone: ₹739–754
Second Swing Zone: ₹791–813
🛑 Stop-Loss Zones:
Intraday SL: Hourly close below ₹679.20
Positional SL: Day close below ₹661.75
📈 Reward Potential:
R:R ratio: 6.2+
Structure offers clear risk management and ideal swing setup
A must-watch for swing traders and Elliott Wave learners. Let price react at ₹680–683 zone for confirmation before entry.
#Hindalco #ElliottWave #SwingTrade #WaveAnalysis #TechnicalSetup #NSE
XAUUSD – Downtrend broken, bullish momentum returnsXAUUSD has broken above the descending trendline and is currently retesting the breakout zone around $3,330. If this area holds, price may continue to rise toward $3,352 and potentially $3,380.
Current price action suggests a bullish continuation pattern is forming. The bullish outlook would be invalidated if price drops below $3,255.
From a fundamental perspective, gold is supported by HSBC’s upward revision of its 2025 forecast, strong central bank demand, and rising geopolitical tensions – all reinforcing a medium-term bullish outlook.
BRITANNIA INDUSTRIES LTD. – TECHNICAL INSIGHT________________________________________________________________________________
📊 BRITANNIA INDUSTRIES LTD. – TECHNICAL INSIGHT
📆 Date: July 8, 2025 | 🕒 Daily Chart
📍 Symbol: NSE: BRITANNIA
💡 Educational Breakdown – For Study & Learning Only
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🔹 Price Action Overview:
Britannia closed at ₹5,884.00, up by +1.95%, forming an “Above the Stomach” bullish continuation pattern just below a key resistance zone.
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🔴 Top Range (Resistance): ₹5,899.50
📉 Bear Strength: 53
The price has approached a previous supply zone where sellers have shown resistance. Watch this level closely for either a breakout or rejection.
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🟢 Bottom Range (Support): ₹4,506
📈 Bull Strength: 77
This zone acted as a strong demand base in the past, initiating a rally with a sharp volume spike.
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🔍 Pattern Focus: Above the Stomach
A bullish candle has opened above the midpoint of the previous red candle, suggesting buyer strength. This often signals momentum continuation, especially near breakout levels.
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🎯 What to Watch For:
✅ Breakout Confirmation Zone:
If price closes decisively above ₹5,900 with volume expansion, it may indicate strength and fresh upside continuation.
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🚫 Failure Zone:
If price faces rejection near ₹5,900–₹5,920 and forms a bearish engulfing or strong upper wick, short-term profit booking could occur.
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📌 Risk Management Tip:
Traders typically look for entry above breakout candle high with a stop below recent swing low or candle low. Volume confirmation is essential before considering directional bias.
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🔍 Contextual Takeaway:
This is a textbook example of price consolidating just below a resistance after a strong trend and forming a bullish candle setup. A breakout or failure here can define the next leg of the move.
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📚 Stay objective, wait for confirmation, and let the price lead.
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Entry Above ₹5,905–₹5,920 (on breakout)
Stop Loss ₹5,765
Risk Reward 1:1 | 1:2 +
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⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________________________________________________
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HDFCBANK – Heavy Call Writing Near 2000 Zone________________________________________
📈 HDFCBANK – Heavy Call Writing Near 2000 Zone | OI + Price Action Analysis
🕒 Chart Type: 15-Minute
📆 Date: July 7, 2025
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🔍 What’s Catching Our Eye:
HDFCBANK closed at ₹1987.4, and the entire Call side from ₹1980 to ₹2100 is showing strong Short Build-Up, clearly suggesting resistance building up ahead, especially around ₹2000–₹2040 levels.
Meanwhile, Put side shows Long Unwinding at ₹2000 PE, suggesting lack of bullish confidence at current levels.
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📌 What We’re Watching For:
Watch the zone between ₹2004.70 – ₹2007.90 very closely – it’s a visible Supply Zone based on price rejection + heavy CE OI.
If HDFCBANK fails to break and sustain above ₹2009.30 (SL), bears may take control again and drive it back to ₹1980 or below.
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📊 Volume Footprint:
Heavy CE volumes hint at active resistance:
• ₹2000 CE – 9.3k+ contracts
• ₹2060 CE – 7.8k+ contracts
• ₹2020 CE & ₹2040 CE – ~5.6k contracts each
→ Strong presence of Call writers near current levels, pressuring the upside.
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📈 Option Chain Highlights:
Calls (Short Build-Up):
• ₹2000 CE: +1,93,600 OI | Price ↓ 8.87%
• ₹2060 CE: +10,04,300 OI | Price ↓ 16.67% ✅ Major resistance buildup
• ₹2020 CE: +6,90,800 OI | Price ↓ 11.42%
• ₹2040 CE: +5,83,550 OI | Price ↓ 15.13%
• ₹1980 CE: +2,17,800 OI | Price ↓ 6.44%
• ₹2100 CE: +2,00,200 OI | Price ↓ 17.76%
Puts:
• ₹2000 PE: -84,150 OI | Price ↓ 0.87% → Long Unwinding = Bullish weakness
• ₹1980 PE: +6,050 OI | Price ↓ 2.33% → Weak Short Build-Up
📌 Inference:
Call writers are dominating the entire upper side. There’s no strong Put writing, and PE writers are exiting positions at ATM — this confirms limited bullish conviction.
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🔁 Trend Bias:
🔴 Bearish to Range-Bound – unless ₹2009.30 gets taken out on closing basis
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🧠 Trade Logic / Reasoning:
• Heavy Short Build-Up in all major CE strikes
• Lack of Put writing near spot
• Supply Zone aligning perfectly with Option Chain resistance
→ Expect rejection or pause unless strong buyers break ₹2009.30 with volume.
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📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2008
🔻 Bottom Range (Support): ₹1980
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🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Equity): Above ₹2009.30 with a bullish candle and volume
✅ Best Sell (Equity): Below ₹2004.70 for quick move to ₹1980
✅ Best CE to Long: None – CE side is under Short Build-Up
✅ Best PE to Long: ₹1980 PE if price starts rejecting ₹2000 zone again
🟢 Demand Zone: ₹1965 – ₹1980 (Intraday Bounce Possible)
🔴 Supply Zone: ₹2004.70 – ₹2007.90 (SL: ₹2009.30)
⚠️ Invalidation Levels (With Logic):
🔻 Bullish View Invalid Below: ₹1980 – breaks structure and confirms weakness
🔺 Bearish View Invalid Above: ₹2009.30 – a breakout above this level with volume + PE Short Build-Up will invalidate bearish trades
________________________________________
⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________
💬 Rejection from ₹2000 or breakout above ₹2009?
What’s your view on HDFCBANK? Comment below ⬇️
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DIXON – Strong Bullish Sentiment with Heavy Long Build-Up in CE________________________________________
📈 DIXON – Strong Bullish Sentiment with Heavy Long Build-Up in Calls | OI + Price Action Analysis
🕒 Chart Type: 15-Minute
📆 Date: July 7, 2025
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🔍 What’s Catching Our Eye:
DIXON closed around ₹15,433, and the Option Chain is reflecting dominant bullish momentum. Multiple strikes from 15500 to 18000 CE are seeing strong Long Build-Up, with aggressive participation even in far OTM calls. Simultaneously, Put writers are either unwinding or short building, which shows that traders expect price to rise further and downside is limited.
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📌 What We’re Watching For:
If DIXON sustains above ₹15,500, expect continuation toward ₹16,000–₹16,250–₹16,500 and possibly ₹17,000+ if momentum persists. However, any slip below ₹15,250 may slow down the rally.
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📊 Volume Footprint:
Options activity is backed by very high bullish volume —
• Over 20.7k contracts at ₹15,500 CE
• Over 18.1k contracts at ₹16,000 CE
• Over 14.5k contracts at ₹16,500 CE
→ Traders are clearly positioning for an upside breakout with strong intent.
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📈 Option Chain Highlights:
Calls (Long Build-Up):
• ₹15,500 CE: +16,450 OI | Price ↑ 20.33%
• ₹16,500 CE: +6,650 OI | Price ↑ 21.91%
• ₹17,000 CE: +8,600 OI | Price ↑ 22.40%
• ₹18,000 CE: +11,350 OI | Price ↑ 17.51%
• ₹15,750 CE: +21,900 OI | Price ↑ 21.12%
• ₹16,250 CE: +8,950 OI | Price ↑ 22.07%
• ₹16,750 CE: +6,950 OI | Price ↑ 22.73%
Calls (Short Covering):
• ₹15,000 CE: -20,250 OI | Price ↑ 18%
• ₹15,250 CE: -16,950 OI | Price ↑ 18.58%
• ₹16,000 CE: -10,200 OI | Price ↑ 21.26%
Puts:
• ₹15,000 PE: +1,800 OI | Price ↓ 23.07% → Short Build-Up
• ₹15,500 PE: +15,750 OI | Price ↓ 19.74% → Short Build-Up
• ₹14,000 PE: +13,750 OI | Price ↓ 30.12% → Short Build-Up
• ₹14,500 PE: -2,300 OI | Price ↓ 26.24% → Long Unwinding
🧠 Inference:
Call buyers are aggressively taking positions across the board. Even deep OTM strikes like ₹17,000 & ₹18,000 CE are active. Put writers are backing off or adding shorts. This is a clear momentum breakout setup.
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🔁 Trend Bias:
🟢 Bullish – Strong confirmation from both price & derivative action
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🧠 Trade Logic / Reasoning:
Massive Long Build-Up from 15,500 to 18,000 CE confirms traders are betting on continued upside. Short covering at ATM strikes + short build-up at far PEs shows bears are backing off and bulls are in full control.
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📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹15668
🔻 Bottom Range (Support): ₹14929
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🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Equity): Above ₹15,500 with volume confirmation
❌ Best Sell (Equity): Avoid – sentiment is too bullish
✅ Best CE to Long: ₹15,500 CE or ₹16,000 CE – both showing volume + fresh long build-up
❌ Best PE to Long: Avoid – no bearish signs from the Option Chain
🟢 Demand Zone: NA
🔴 Supply Zone: 15533 – 15590 | SL: 15613.85
⚠️ Invalidation Below:
If DIXON closes below ₹15,250 with heavy volume, the bullish momentum stands invalidated, and price may retrace toward ₹15,000–14,750 zones.
If DIXON closes above ₹15,500 with strong bullish candles and volume, any bearish anticipation becomes invalid. Price may then aim for ₹16,000–16,250 or higher.
________________________________________
⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________
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BSE – Heavy Call Writing Indicates Resistance Ahead________________________________________
📈 BSE – Heavy Call Writing Indicates Resistance Ahead | OI + Price Action Analysis
🕒 Chart Type: 15-Minute
📆 Date: July 7, 2025
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🔍 What’s Catching Our Eye:
BSE is trading near ₹2636, and the Option Chain is showing aggressive Short Build-Up on Calls from 2650 to 3000, clearly highlighting a resistance zone above current price. Meanwhile, Put writers are unwinding, especially at ₹2600 PE, confirming weak bullish conviction. Traders are playing defensively with bearish bias dominating.
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📌 What We’re Watching For:
If BSE breaks below ₹2600, we may see a quick slide toward ₹2550–2500. However, a sharp breakout above ₹2700 with strong volume may trigger a round of short-covering. Until then, upside looks capped due to excessive Call writing.
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📊 Volume Footprint:
Options activity is backed by strong volume —
• Over 8.9k contracts at ₹2700 CE
• Over 8.1k contracts at ₹2800 CE
• Over 7k contracts at ₹3000 CE
→ Traders are betting on price staying below 2700–2800 levels, creating a strong supply wall.
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📈 Option Chain Highlights:
• Calls (Short Build-Up):
o ₹2700 CE: +81,375 OI | Price ↓ 8.82%
o ₹2800 CE: +18,375 OI | Price ↓ 11.07%
o ₹3000 CE: +77,250 OI | Price ↓ 16.60%
o ₹2650 CE: +38,250 OI | Price ↓ 8.01%
• Puts:
o ₹2600 PE: -42,375 OI | Price ↓ 10.94% → Long Unwinding
o ₹2500 PE: +102,375 OI | Price ↓ 16.55% → Short Build-Up
📌 Inference:
Bulls are on the back foot. CE writers are dominating across all key strikes, and only the 2500 PE is showing fresh interest — which is far from spot, indicating potential room for further downside.
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🔁 Trend Bias:
🔴 Bearish to Neutral – Unless 2700 breaks cleanly
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🧠 Trade Logic / Reasoning:
Every CE strike from ATM to OTM is under short build-up — that's a clear ceiling forming. With no visible strength in Put writing near spot, the path of least resistance appears to be on the downside. Keep a close eye on ₹2600.
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📍 Important Levels to Mark:
🔺 Top Range (Resistance): ₹2731.60
🔻 Bottom Range (Support): ₹2590.70
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🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Equity): Only if BSE crosses ₹2700 with volume
✅ Best Sell (Equity): Below ₹2600 for target ₹2550–2500
✅ Best CE to Long: ❌ None – All major Calls under Short Build-Up
✅ Best PE to Long: ₹2500 PE – Showing fresh bearish positioning
🟢 Demand Zone: NA
🔴 Supply Zone: NA
⚠️ Invalidation Below:
Bullish view invalidated if price sustains below ₹2600
________________________________________
⚠️ Disclaimer:
This analysis is for educational purposes only.
STWP is not a SEBI-registered advisor.
No buy/sell recommendations are made.
Please consult your financial advisor before trading.
STWP is not responsible for trading decisions based on this post.
________________________________________
💬 Spotting the weakness early helps plan smarter.
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Bitcoin Eyes Breakout — Bullish Setup Gathers StrengthConsolidation Above Key Support:
Bitcoin continues to hold firmly above the $100,000–$105,000 support zone, a critical area that acted as major resistance earlier in 2025. This sustained price action reinforces the prevailing bullish momentum and signals strength beneath the surface.
Wedge Formation Nearing Resolution:
The prolonged wedge pattern now taking shape suggests a substantial move is imminent. The structure supports a breakout scenario, with an initial target of $130,000–$135,000 in play.
Uptrend Intact, No Signs of Exhaustion:
Despite recent weeks of sideways action, Bitcoin continues to consolidate near its highs—a pattern that historically favors continuation, not reversal. The broader trend remains upward and firmly intact.
Focus & Opportunity:
Bitcoin's technical setup justifies close attention in the days ahead. At the same time, traders and investors should keep an eye on select altcoins, which could offer amplified upside as capital rotation picks up momentum.
#Bitcoin #BTC #Crypto #TechnicalAnalysis #BullishSetup #WedgeBreakout #PriceAction #Altcoins #CryptoMarket #MarketUpdate #AllTimeHigh