Double Top Pattern Formation with Gap Below | 15-Min Chart🏦 NIFTY 50 INDEX – Double Top Pattern Formation with Gap Below | 15-Min Chart
📅 Date: April 28, 2025
📈 Timeframe: 15-Minute
🔍 Index: Nifty 50 (NSE)
📌 Technical Overview:
Nifty 50 has formed a Double Top pattern on the 15-minute chart around the 24,365 zone, a classic bearish reversal structure.
The price faced rejection at the previous high, signaling caution. Immediate support lies at 23,847, and a breakdown below this level could open downside momentum toward the gap area visible on the chart.
🧩 Chart Pattern:
Double Top identified at 24,365 levels (marked in red).
Neckline support positioned at 23,847 (green line).
A black trendline breakdown already visible, strengthening bearish bias.
Below 23,847, focus shifts to the gap fill zone between 23,207 and 22,923 (orange highlighted).
🔍 Key Price Levels:
Resistance: 24,365
Immediate Support: 23,847
Gap Zone Support: 23,207–22,923
CMP: 24,312.90
A clear breakdown below 23,847 could accelerate the fall toward the gap area.
📊 Volume Analysis:
Increasing selling volume observed near the second top.
The breakout attempt was met with significant volume resistance, hinting at supply dominance.
🧠 Observational Bias:
As long as Nifty stays below 24,365 and breaches 23,847 decisively, bears may remain in control. Traders should watch for either a gap fill attempt or a possible bounce if price retests 23,847 from below.
Technical Analysis
W Pattern Breakout Setup on 15-Min Chart📊 Script: BAJAJ FINSERV LTD. (NSE)
⏱️ Timeframe: 15-Minutes
📌 Chart Pattern: W-Pattern Formation
A potential bullish W-pattern is forming on the 15-minute chart of Bajaj Finserv. The price is consolidating near the neckline, indicating a possible breakout move in the upcoming sessions.
Key Levels:
✅ Breakout Resistance: 2,094.80
⚠️ Support Zone: 2,028.80
💼 Current Price: 2,063.70
If the price sustains above 2,094.80 with volume confirmation, it could trigger a short-term upward rally. The structure shows healthy consolidation and buying interest around support, which adds strength to this setup.
Trade Plan (For Educational Purposes):
📈 Entry: On breakout above 2,095 with strong volume
🎯 Target: ~100–150 points above breakout
🛑 Stop Loss: Below 2,028 (on a candle close basis)
Caution: Results are due so watch for possible reversal below 2028
XAU/USD Outlook – Will This Tight Range Explode Soon?🔥 XAU/USD Outlook – Will This Tight Range Explode Soon?
📊 Technical Overview:
Gold (XAU/USD) has entered a consolidation phase after last week's sharp swings. The market is currently trapped within a tightening structure between 3,274 and 3,336, forming a potential wedge or triangle pattern. This type of structure often precedes a breakout.
Price is still hovering below the 200 EMA on the H1 timeframe, while key support zones are starting to show signs of buying interest. A hold above 3,301 could lead to a potential rally toward the upper resistance levels at 3,352 – 3,366.
🔺 Key Resistance Levels:
3,336.767
3,352.159
3,357.689
3,366.067
🔻 Key Support Levels:
3,301.370
3,291.885
3,274.779
🎯 Trade Setups:
🔵 BUY ZONE:
Entry: 3,274 – 3,276
SL: 3,270
TP: 3,284 – 3,291 – 3,301 – 3,336
🔴 SELL ZONE:
Entry: 3,357 – 3,366
SL: 3,370
TP: 3,336 – 3,301 – 3,291
📰 Today’s Market Focus:
No major economic data is expected today. However, markets may begin pricing in expectations ahead of this week’s key releases — ADP Employment Change and Nonfarm Payrolls (NFP).
Geopolitical tensions in South Asia and statements from FED officials may act as surprise catalysts for gold volatility.
🧭 Conclusion:
Gold remains stuck in a tight sideways channel. Traders should continue range trading while waiting for a confirmed breakout. A strong breakout above 3,366 or breakdown below 3,274 will set the tone for the next directional move.
👉 Trade smart and manage your risk. All eyes on U.S. data and geopolitical headlines!
Bearish Setup in Gold: Breakdown Confirmed with Strong Volume!Hey, what's up Traders! I’ve been watching Gold closely, and it seems like we’re seeing a descending channel setup. After hitting the top, it’s now testing the lower boundary. If Gold can't hold this support level, we could see a nice downward move. The entry range I’m eyeing is around 3275-3295 , with a stop loss just above at 3239 .
1st target : 3209
2nd target : 3160
Final target : 3120
The volume behind this move suggests we might see more selling pressure. If Gold breaks through the lower trendline, the downside move could gather more momentum. As always, let’s manage risk carefully, stay sharp, and watch the price action closely!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
Clean Breakouts Don’t Lie — TFCILTDSupport Trendline holding beautifully from mid-2021.
CT (Counter Trendline) broken decisively this month with strong volume ✅.
Supply-Demand Zone (marked in green) retested and held.
Hidden Line (dotted pink) showing internal resistance structure — now taken out 🔥.
Current Structure:
A classic breakout with multiple confirmations — trend support, supply zone defense, CT break, hidden resistance breach — aligning well together.
🚀 As always, follow strict risk management. No trade is sure-shot — but structures like these offer probability edges.
Breakout with Bullish Engulfing Confirmation | Daily Chart🏦 SBI LIFE INSURANCE CO LTD – Breakout with Bullish Engulfing Confirmation | Daily Chart
📅 Date: April 28, 2025
📈 Timeframe: Daily Chart
🔍 Stock: SBI Life Insurance Co Ltd (NSE)
📌 Technical Overview:
SBI Life is showing strong bullish momentum on the daily chart after breaking out above a key horizontal resistance around ₹1,584.
The price has formed a Bullish Engulfing candlestick pattern, indicating renewed buyer strength, backed by heavy volume.
🧩 Chart Pattern:
Strong horizontal resistance at ₹1,584 (now acting as support).
Bullish Engulfing candle printed around ₹1,736.10, showing strong rejection of lower levels.
Price structure continues to maintain higher highs and higher lows – a positive sign for bulls.
🔍 Key Price Levels:
Support Zones: ₹1,584(marked in red)
Major Support: ₹1,372.55(green horizontal line)
Current Market Price (CMP): ₹1,736.10
A sustained move above ₹1,736 with rising volume could potentially take the stock towards higher psychological levels around ₹1,800+.
📊 Volume Analysis:
Strong volume breakout observed during the recent rally.
Volume spike supports the validity of the bullish breakout, indicating increased buying interest.
🧠 Observational Bias:
As long as SBI Life holds above ₹1,584, the short-term to medium-term bias remains positively bullish. Any healthy pullbacks near ₹1,580–₹1,600 zones could offer better risk-reward setups for positional traders.
Strong Bullish Breakout! | Daily Time Frame📈 RELIANCE INDUSTRIES LTD – Strong Bullish Breakout!
📅 Date: April 28, 2025
📈 Timeframe: Daily Chart
🔍 Stock: Reliance Industries Ltd (NSE)
📌 Technical Overview:
Reliance Industries has shown strong bullish momentum after breaking out above the important level of ₹1300.90.
Several indicators are supporting this breakout:
✅ RSI Breakout – Showing strong strength.
✅ Bollinger Bands Breakout – Price is breaking outside the bands, showing heavy momentum.
✅ Bullish VWAP Trend – Price is trading well above the VWAP line.
✅ TTM Squeeze Breakout – Major squeeze breakout confirms buyers' control.
🧩 Key Levels:
Major Resistance Broken: ₹1300.90 ✅
Immediate Support Now: ₹1329.95 and ₹1320.20 (red lines)
Next Possible Support: ₹1132.20 and ₹1114.85 (green lines, if reversal happens later)
📊 Volume Analysis:
Heavy spike in volume confirming strong buying activity.
🧠 Observational Bias:
As long as the price stays above ₹1300.90, the momentum remains bullish.
Small dips toward support can be seen as healthy pullbacks.
Trading Plan – April 28, 2025: GOLD (XAU/USD) Strategy🌟 Daily Trading Plan – April 28, 2025: GOLD (XAU/USD) Strategy
📈 Technical Overview:
After the strong sell-off last week, gold is now consolidating around the key support zone 3260–3270.
Price action is tightening, forming a symmetrical triangle pattern on the M15 timeframe.
The MA 13 – 34 – 200 alignment suggests a short-term bearish trend, but selling momentum is weakening.
The chart indicates a potential retest towards resistance levels before deciding the next major move.
🎯 Key Price Zones to Watch:
Immediate Resistance: 3299 – 3313
Major Support: 3260 – 3268 – 3239
Potential Rebound Target: A retest towards 3299 – 3313 before a possible sell-off resumes.
📌 Trading Scenarios:
Primary Strategy: Look for short-term BUY setups near the 3260–3268 support zone, aiming for a corrective move towards resistance, then watch for SELL signals.
🎯 Detailed Plan:
🔵 BUY Zone: 3260 – 3258
Stop Loss: 3254
Take Profit: 3264 – 3268 – 3272 – 3276 – 3280 – 3290
🔴 SELL Zone: 3299 – 3301
Stop Loss: 3306
Take Profit: 3294 – 3290 – 3286 – 3282 – 3275
📢 Important Notes:
Today's price range could move between 60–80 pips, with no major economic events scheduled.
However, the market remains highly sensitive to geopolitical news, especially concerning India–Pakistan tensions and U.S.–China relations.
Always stick to your TP/SL plans and avoid FOMO during rapid price movements.
✅ Summary:
This is a high-sensitivity period for gold. Prioritize trading high-probability setups: BUY at support – SELL at resistance, and only scale in positions after clear confirmation!
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> "Gold (XAU/USD) - Demand Zone Bounce Targeting 3500 "Current Price: $3,319.59
Indicator: 70 EMA at $3,324.95 ➡️ 📈 (still slightly above price = bearish pressure)
---
Main Observations:
🔵 Demand Zone (📦 Buyers' Area):
Between $3,253 - $3,280
Every time price dips here ➡️ buyers react!
✏️ Descending Trendline:
⬇️ Short-term trend is bearish
Price is trying to break above it now (watch closely!)
🎯 Target Point:
$3,500 🏹 (Big upside if breakout succeeds!)
🛡️ Stop-Loss:
$3,253 🔥 (just below the demand zone = good protection)
Trade Idea:
✅ Buy near demand zone 🔵 after breakout confirmation 📈
✅ Target: $3,500 🎯
✅ Stop-Loss: $3,253 🛡️
Quick Dots Summary:
🔵 Demand zone is strong (buyers defending)
🔻 Still under 70 EMA (bearish until breakout)
✏️ Watching for breakout of trendline = key signal
🎯 Massive Risk:Reward ratio if it works
⚡ If no breakout and price falls, stop-loss saves capital.
Gold Retreats as Trump’s Trade Talk Flip Sparks CautionGold Retreats as Trump’s Trade Talk Flip Sparks Caution – Friday Volatility Expected 💥📉
🟡 Market Recap & Sentiment
Gold prices jumped over 1% this week, reaching around $3,500/oz, as investors sought safe-haven assets amid a weakening USD and global uncertainty. However, analysts believe this Price surge is driven by greed and needs a healthy correction.
“Gold might consolidate in the near term, but we’re still in a bull market. Dips will be bought,” said analyst Wong.
Meanwhile, the US Dollar and equities are losing their appeal as investors digest contradictory signals from President Trump. He confirmed that US-China trade negotiations are ongoing, while China denied any talks – sending shockwaves across markets and triggering a sharp pullback in gold during the Asian session.
This political flip-flop is adding confusion, and traders are advised to stay cautious before jumping into any positions.
📉 Fundamental Triggers Today
Core Retail Sales (US) – releasing later today during the US session.
It’s also Friday – which means potential for weekly candle closure volatility and liquidity grabs.
Coupled with the ongoing tariff headlines and geopolitical drama, today could be extremely unpredictable.
📍 Key Levels to Watch
Resistance: 3366 – 3384 – 3406 – 3428 – 3445
Support: 3308 – 3288 – 3270
🔹 Trade Setup Suggestion
🔸 BUY ZONE: 3288 – 3286
SL: 3282
TP: 3292 – 3296 – 3300 – 3304 – 3310
🔸 BUY ZONE: 3270 – 3268
SL: 3264
TP: 3274 – 3278 – 3282 – 3286 – 3290
🔻 SELL ZONE: 3384 – 3386
SL: 3390
TP: 3380 – 3376 – 3372 – 3368 – 3364 – 3360 – ???
🔻 SELL ZONE: 3406 – 3408
SL: 3412
TP: 3400 – 3396 – 3392 – 3388 – 3384 – 3380 – 3370 – 3360
⚠️ Risk Management Reminder
Be cautious today – it’s a Friday with major data and geopolitical uncertainty.
✅ Always respect TP/SL levels.
✅ Let the market show confirmation before entering positions.
Sit tight and let the market come to your zone – don’t rush in with FOMO during uncertain sentiment.
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Explanation of RSIThe Relative Strength Index (RSI) is a momentum indicator in technical analysis that measures the magnitude of recent price changes to assess whether an asset is overbought or oversold. It oscillates between 0 and 100, with values above 70 often suggesting overbought conditions and values below 30 indicating oversold conditions.
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Bitcoin Breaks $88K — Eyes on Key Resistance ZoneSurging Momentum:
In the past few hours, Bitcoin has surged by 10%, breaking through the $88,000 resistance and reaching around $94,000. This marks a powerful continuation of bullish momentum.
Key Resistance Ahead:
The $92,000–$95,500 zone, which acted as strong support between November and February, is now expected to serve as major resistance. A rejection from this range could lead to a short-term retracement.
Retracement Zones:
If Bitcoin fails to break through $95,500:
First support: $91,000
Deeper pullback: $85,000–$87,500
Breakout Scenario:
If Bitcoin decisively breaks and holds above $95,500 on higher timeframes, we could see a continuation toward the next resistance between $102,000 and $108,000.
Conclusion:
Bitcoin is at a key inflection point. Whether it confirms a breakout or sees a short-term correction, this range will be crucial in shaping the next phase of the bull cycle. 📈🔥
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Gold Surge: 80 Price Bounce from Key Support Gold Surge: 80 Price Bounce from Key Support – What’s Next for the Market? 💰📈
Market Overview:
Gold has surged by 80 pips today, bouncing from the support level at the end of the U.S. session yesterday after liquidity was swept at the 3260 zone. Investors are now looking to buy the dip after the 250+ pip drop in gold over the past few days. Currently, after the strong 80 pip rally, gold is consolidating at the 0.382 Fibonacci retracement zone, with selling pressure mounting.
Key Price Levels to Watch:
Resistance: 3343, 3358, 3376, 3410, 3446
Support: 3210, 3286, 3275, 3230
Market Sentiment:
There’s a strong sell reaction at current levels, which suggests that the price could continue to push lower in both the Asian and European sessions to fill liquidity in the Fair Value Gap (FVG). After the 80 pip rally and 40 pip reaction, the market seems to be consolidating between 3328 and 3320. We expect a price movement range of 80-100 pips today, so caution is advised, especially around key levels at 3376-3378, where a potential sell can be placed.
Next Potential Movements:
If gold fails to break through the 3376-3378 resistance zone, we could see a continuation of the downward move. If the 3376-3378 zone holds strong, this could be a good opportunity to sell.
Should the price break through this zone, we’ll observe the next key resistance around 3410. A break above 3410 could signal a reversal to the upside, turning the trend into a BUY instead of SELL.
Today's Strategy:
For today, the focus will be more on SELL opportunities as gold pushes back to fill the FVG liquidity around 3288. Once we see how the price reacts at these levels, we can start planning for BUY entries.
Watch out for Unemployment Claims data from the U.S. later in the session, as this could trigger volatility. Be cautious when trading around news events, especially in a sensitive market.
Trade Setup:
BUY ZONE: 3230 - 3228
SL: 3224
TP: 3234 - 3238 - 3242 - 3246 - 3250 - 3254 - 3260
SELL ZONE: 3376 - 3378
SL: 3382
TP: 3372 - 3368 - 3364 - 3360 - 3355 - 3350
SELL ZONE: 3408 - 3410
SL: 3414
TP: 3402 - 3398 - 3394 - 3390 - 3386 - 3382 - 3375 - 3370
Risk Management:
It’s important to manage your risk appropriately given the current market conditions. Ensure you’re following your TP/SL levels strictly to protect your capital from market volatility.
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Gold Faces 200 Pips Drop – Will It Recover or Continue Falling?Gold Faces 200 Pips Drop – Will It Recover or Continue Falling? 🔥📉
Market Overview:
Gold (XAU/USD) saw a sharp drop of nearly 200 pips yesterday, falling from the historic high of around $3500 to $3318. This marks the strongest correction in the recent bullish trend. The market is currently volatile, and the question is whether gold will find support at lower levels or continue its downward movement.
What’s Causing the Drop?:
Fed Rate News: The latest news from the Federal Reserve triggered strong profit-taking, which resulted in the sharp decline.
USD Technical Rebound: The USD has rebounded after significant losses, putting pressure on gold.
Market Sentiment Shift: Investor sentiment changed rapidly, leading to mass sell-offs.
Key Levels to Watch:
Support: 3300-3320 (Critical level for a potential bounce)
Resistance: 3378-3380 (Key resistance area)
Next Steps for Gold:
Support at 3300-3320: If gold holds above this range, a strong recovery could follow.
Break below 3300: A breakdown below 3300 may lead to further declines, potentially towards the next support at 3250.
Trading Strategy:
SELL ZONE:
3378 - 3380
SL: 3384
TP: 3374 - 3370 - 3366 - 3362 - 3358 - 3350
SELL ZONE:
3408 - 3410
SL: 3414
TP: 3404 - 3400 - 3396 - 3392 - 3386 - 3380
BUY ZONE:
3292 - 3290
SL: 3286
TP: 3296 - 3300 - 3304 - 3308 - 3312 - 3316 - 3320
Important Notes:
Risk Management: Due to high volatility, make sure to use appropriate stop losses (SL) and take profits (TP).
Watch for Key Levels: Pay close attention to the 3300-3320 zone for signs of a potential bounce or further breakdown.
Adapt to Market Movement: Given the uncertainty, stay flexible and adjust your strategy accordingly.
Conclusion:
Gold’s market is in a highly volatile phase. Key support and resistance levels will determine the next move. Keep a close eye on market reactions and act accordingly.
BSOFT rejecting trendline for bullish runBSOFT ready for another rally?
RSI oversold at same trendline from where it has a rally of 230+ % from the same trendline.
Points to note:
1. No divergence to support this rally so far except oversold process.
2. Fake breakout at trendline.
3. Close above this trendline and retest it as a support is most important factor here.
Pure analysis for bullish and long term investment purpose, purely technical. Kindly check for fundamental analysis for investing purpose.
Bullish Momentum with RSI and Bollinger BreakoutMOTILALOFS (6.16%)
Bullish Trend and Breakout
MOTILALOFS is showing strong bullish momentum, with a Bullish Marubozu candlestick signaling the continuation of upward momentum. The RSI Breakout and Bollinger Band Breakout both point to an increase in buying pressure. The volume has seen a notable uptick, confirming the strength of the bullish move.
Resistance Levels: 787-805-834
Support Levels: 740-711-693
Entry: @/above 775.95
Stop Loss: @/below 653.65
Volume Analysis: Volume has been significantly higher than average, with a noticeable volume of 8.29M on 23rd April. This suggests that institutional or large players might be entering the stock.