Buy MCX#MCX (Multi Commodity Exchange) Technical Analysis Summary
Current Market Price : ₹8,051.50
Dow Theory Analysis
The chart perfectly demonstrates **Dow Theory principles** in action:
Bullish Structure
Higher Highs : Clear progression from previous peaks
Higher Lows : Each dip maintains above previous lows
Fresh Higher High : Recent peak establishing new uptrend confirmation
Key Technical Levels
Daily Resistance : 8,339.00
Weekly Resistance : 8,901.50
Previous ATH : 9,115.00
Multiple Pattern Confirmations
1. Flag & Pole Pattern : - Bullish continuation pattern Suggests upward momentum continuation
2. Harmonic Pattern :
- Trading near point B
- Activation Level : 8,148.50
- 1st Target : 9,115 (Previous ATH)
- 2nd Target : 9,964 (Current projection)
Do your own analysis before Initiating any Trades.
Technical Analysis
Hitech Pipes Long
📊 Hi-Tech Pipes Ltd (NSE: HITECH) – Weekly Technical Analysis
The stock has witnessed a prolonged downtrend from its highs and recently formed a strong bullish reversal candle, signaling a potential short-term trend reversal. Key indicators are also turning positive, supporting the possibility of an upward move.
🔎 Technical Observations
Price Action:
After a steep fall from ~₹140 levels, the stock took support near ₹88–90.
A strong green weekly candle has appeared with good momentum, suggesting renewed buying interest.
RSI has bounced from oversold territory, indicating strength.
MACD has shown a bullish crossover, with the histogram turning green, confirming momentum shift.
The recent bullish candle was backed by higher-than-average volume, a sign of accumulation.
📌 Trading Plan
Entry Zone: ₹95 – ₹102
Stop-Loss: ₹88 (weekly close basis)
Target 1: ₹110 – ₹115
Target 2: ₹125 – ₹130
Target 3: ₹140 – ₹145
⚠️ Key Notes
Sustaining above ₹115 with strong volume will be crucial for further upside.
Since the broader trend is still weak, treat this as a pullback rally until the stock closes above ₹130+.
Booking partial profits at each target level is advised to protect gains.
📢 Conclusion
Hi-Tech Pipes Ltd is showing early signs of a reversal after a long decline. The combination of price action, momentum indicators, and support zone bounce makes it an attractive short-term opportunity. However, strict stop-loss management is necessary given the prior downtrend.
Cochinship AnalysisCochin Shipyard Limited (COCHINSHIP) Bullish Bet
The chart presented indicates the formation of an Inverse Head and Shoulders pattern, which is considered a bullish reversal pattern.
Left Shoulder: Formed around early August 2025.
Head: Formed during mid-August 2025 at a lower price level.
Right Shoulder: Formed towards late August 2025.
Neckline: Around the ₹1,750–1,765 range.
This suggests a potential trend reversal from bearish to bullish.
Current Price (CMP): ~₹1,745.70
Neckline Resistance: ~₹1,765
Breakout Target (based on pattern projection): ₹1844 / 1918 / 1992 / 2097+++
Support Levels:
Immediate Support: ₹1,700
Strong Support: ₹1,650
1. Trendline Break: The long-term downward trendline appears to be broken, indicating reduced selling pressure.
2. Volume Confirmation (not visible in chart): Ideally, a breakout above neckline with strong volumes will confirm the bullish reversal.
3. Potential Upside: If price sustains above neckline (~₹1,765), the stock may aim for ₹2,000–2,220 in the short to medium term.
PEPE Getting Ready for a Big Move – Breakout Loading!PEPE is trading within a well-structured range, bounded by a rising support trendline and a falling resistance trendline . This setup indicates that the price is getting squeezed, and a decisive breakout move may be coming soon.
Currently, the price is holding above key moving averages, which adds strength to the bullish bias. As long as the rising support trendline remains intact, buyers will continue to defend dips. A breakout above the falling resistance could trigger a sharp move higher, targeting the next resistance levels near 0.00001319 .
On the downside, if price fails to hold above the rising support, we may see a deeper pullback toward 0.00001074–0.00001026 levels. Traders should closely watch how PEPE reacts near the falling resistance line in the coming sessions.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Gold holds firm at 3,63x | Caution for Friday session🟡 XAU/USD – 19/09 | Captain Vincent ⚓
🔎 Captain’s Log – Market Context
FED : Probability of a 25bps cut in October is 91.9%, while holding rates is only 8.9% → almost certain FED will continue easing.
US News : No major data today, market remains quiet.
Gold : Sharp moves in Asia session, but support 3,632 – 3,630 held strong.
Yesterday’s Buy at 3,62x delivered 200 pips , confirming this zone as a “fortress” support.
Note : Today is Friday – end of the week session, unexpected volatility may occur before the weekly close → strict risk management required.
⏩ Captain’s Summary : Gold remains bullish, but caution is needed with end-of-week swings. Golden Harbor around 3,63x continues to be a solid anchor.
📈 Captain’s Chart – Technical Analysis
Storm Breaker (Resistance / Sell Zone)
3,661 – 3,663 (intraday resistance)
3,683 – 3,685 (strong OB, likely profit-taking zone)
Golden Harbor (Support / Buy Zone)
3,602 – 3,605 (FVG zone – deeper support if 3,63x breaks, waiting for strong demand)
Market Structure
After rebounding from 3,62x, Gold consolidated around 3,65x – 3,66x.
Main trend stays bullish, but needs support retest to confirm buyers’ strength.
3,66x is the pivot barrier:
• Breakout → targets 3,68x
• Rejection → retest 3,64x – 3,62x
🎯 Captain’s Map – Trade Plan
✅ Buy (priority)
Entry: 3,602 – 3,605
SL: 3,588
TP: 3,629 – 3,661 – 3,683
⚡ Sell (short scalp)
Entry: 3,683 – 3,685
SL: 3,695
TP: 3,665 – 3,645
⚓ Captain’s Note
“The 3,63x fortress continues to hold, keeping the Golden ship safe on its northward journey. Golden Harbor 🏝️ (3,602 – 3,605) remains the main dock for sailors to gather strength. Storm Breaker 🌊 (3,683 – 3,685) may raise waves, suitable for short Quick Boarding 🚤 . Today is Friday – the sea can shift unexpectedly, so keep the sails full but hands steady on the helm.”
XAUUSD: Sideway Trading Opportunity Before Further Decline?Hello, fellow traders! Today, we will analyze XAUUSD and identify a great trading opportunity in the sideway trend before gold could potentially continue its downward adjustment.
Yesterday, although the Fed cut interest rates to 4.25% as expected (4.25% compared to 4.50% previously) , the cut did not exceed expectations, reducing the outlook for further policy easing. The USD may no longer weaken , putting downward pressure on gold.
In addition, the unemployment claims data came in lower than forecast (231K vs. 241K) , indicating a strong labor market, which will support the USD. When the USD strengthens, gold typically faces downward pressure, meaning gold prices could fall further if the USD continues to strengthen.
Gold is facing strong resistance at 3,700 , showing signs of a decline. The 3,660 zone is a key rebound level, and if support at 3,600 is not broken, gold could trade sideways before continuing the downward trend. Low trading volume and flow of funds suggest that the sideway trend could continue in the short term.
Don’t forget, our trading strategy needs to be flexible, seizing opportunities, and never missing any market changes.
#NIFTY Intraday Support and Resistance Levels - 19/09/2025For Nifty, the index is expected to open flat near the 25,420–25,450 zone. On the upside, sustaining above 25,250 and crossing 25,500 decisively will be crucial. A move above 25,500 can trigger strong bullish momentum, with targets placed at 25,650, 25,700, and 25,750+.
On the downside, the immediate support is seen around 25,250. A break below this may invite selling pressure, pulling the index lower toward 25,100, 25,000, and 24,950-. Additionally, if a reversal occurs from the 25,450–25,500 zone, then a short trade opportunity may open with targets at 24,350, 24,300, and 24,250-.
Overall, Nifty is likely to remain in a range-bound setup with a flat opening. A decisive breakout above 25,500 or a breakdown below 25,250 will dictate the next directional move. Traders should stay cautious near resistance zones and trail positions with strict stop-losses.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/09/2025)For Bank Nifty, the index is expected to open flat near the 55,700 levels. On the upside, sustaining above the 55,550–55,600 zone can trigger fresh buying momentum, pushing prices toward 55,750, 55,850, and 55,950+. A further breakout above 56,050 will strengthen the bullish trend and open the path toward 56,250–56,450+.
On the downside, immediate support lies at 55,450–55,400. A breakdown below this zone may invite selling pressure, dragging the index lower toward 55,250, 55,150, and 55,050-. This area will act as a key support to watch during intraday moves.
Overall, with a flat opening, Bank Nifty is likely to trade within a range in the initial sessions. A clear directional move is expected only on a breakout above 55,600 or a breakdown below 55,400. Traders are advised to stay light in positions initially and follow strict stop-losses while trailing profits as levels are achieved.
Gold Trading Inside Channel – Key Support & Resistance Levels!Hello Traders!
Gold is currently moving inside a well-defined ascending channel on the 30-min chart. Both buyers and sellers are respecting the levels of this channel, giving us clear trading opportunities.
Key Observations
Price has tested the upper channel resistance multiple times, facing rejection near $3,710–$3,720.
The lower channel support around $3,650 has been well respected, creating strong buying reactions.
A minor resistance trendline is now forming, which could temporarily limit upside momentum.
Short-term path suggests: rejection from minor resistance → retest of channel bottom → potential bounce back toward the upper channel.
Trading Plan
Bullish bias remains intact as long as Gold holds above $3,650 channel support.
A bounce from support may target $3,710–$3,720 zone again.
If support breaks, deeper correction may follow.
Rahul’s Tip
Always wait for confirmation near channel edges. Trading inside the channel can be tricky, but respecting support and resistance gives you high-probability setups.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Analysis By @TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile
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FED slows down: Cuts 25bps, gold stays flat🟡 XAU/USD – 18/09 | Captain Vincent ⚓
🔎 Captain’s Log – News Context
FED : Cut rates by 25bps as expected, hinted at 2 more cuts this year → initially supported Gold to rebound around 3,65x.
Powell turned hawkish :
• “No need to move quickly on rate cuts.”
• “Today’s cut is mainly risk-management.”
This message signaled that the FED is not fully opening the easing door → Gold fluctuated and stalled its upside momentum.
Tonight: Awaiting Jobless Claims & Philly Fed for more clarity on the FED’s path.
⏩ Captain’s Summary
Gold is supported by the rate cut, but Powell’s “braking” caused volatility.
Zone 3,663 – 3,665 has become the pivot support to determine the next move.
📈 Captain’s Chart – Technical Analysis
Storm Breaker (Resistance / Sell Zone)
3,684 – 3,686 (strong OB)
3,717 – 3,719 (ATH Zone – very strong, likely heavy selling)
Golden Harbor (Support / Buy Zone)
Pivot Dock: 3,663 – 3,665 (new pivot support)
Main Harbor: 3,629 – 3,630 (BoS confluence & old sideway)
Market Structure
After breakout and profit-taking, Gold returned to test support.
3,663 – 3,665 : pivot support.
• If it holds → rebound to 3,684 – 3,717.
• If it breaks → deeper correction to 3,629.
🎯 Captain’s Map – Trade Plan
✅ Buy (priority)
Buy Zone 1
Entry: 3,663 – 3,666
SL: 3,655
TP: 3,684 – 3,717
Buy Zone 2
Entry: 3,629 – 3,630
SL: 3,618
TP: 3,663 – 3,684 – 3,717
⚡ Sell (only at resistance)
Sell Zone OB
Entry: 3,684 – 3,686
SL: 3,695
TP: 3,665 – 3,645
Sell Zone ATH NEW
Entry: 3,717 – 3,719
SL: 3,727
TP: 3,706 – 3,690 – 3,675
⚓ Captain’s Note
“The Golden sails caught wind as the FED cut rates, but Powell’s headwind slowed the advance. Golden Harbor 🏝️ (3,663 – 3,629) is the pivot dock to decide the next course. If it holds, the ship may rebound to test Storm Breaker 🌊 (3,684 – 3,719) . If it breaks, the ship will retreat deeper to gather strength. For now, Quick Boarding 🚤 should only be done at strong resistance, while the larger voyage still leans northward.”
UPL Breakout from Falling Wedge: Bullish Continuation Ahead?The chart for UPL Limited (1-Hour, NSE) presents a promising bullish breakout scenario, emerging from a well-defined falling wedge (descending channel). Traders and investors watching for breakout opportunities will want to monitor this move closely as the price breaks above resistance with potential to test higher levels.
1. Chart Pattern Formation: Falling Wedge with Bullish Implication
Over the past several trading sessions, UPL consolidated inside a downward sloping wedge pattern characterized by:
- Lower highs and lower lows, creating a narrowing channel.
- The support trendline consistently held the price near 685–690 levels.
- The resistance zone, marked with a red trendline, was tested multiple times before finally breaking out.
- This kind of pattern often precedes a trend reversal or continuation to the upside, especially when it forms after a prior bullish move.
2. Breakout Confirmation: Clean Move Above Resistance
- Price has broken out of the descending resistance, closing above ₹703+.
- This breakout came with a retest of the support and is now showing signs of resuming upward momentum.
- The price structure now signals the end of the downtrend inside the wedge and potential bullish continuation.
3. Target Projections Using Pattern Height
The measured height of the wedge pattern provides us with two price targets:
- Target 1: ₹714.95
The first logical resistance and Fibonacci extension zone.
- Target 2: ₹735.25
Based on full height projection of the wedge breakout.
These targets are calculated from the breakout level and are aligned with historical price action levels.
4. Stop Loss and Risk Management
- Suggested Stop Loss (SL): ₹685.75
Just below the support zone and wedge structure to avoid false breakouts.
- Entry Zone:
Around current levels of ₹703–704 or on dips near ₹700–701 if retest occurs.
- Risk-Reward Ratio:
Around 1:2.5 for T2, offering good upside with controlled risk.
5. Key Technical Takeaways
- Pattern: Falling Wedge (Bullish Reversal/Continuation)
- Breakout Zone: ₹703+
- Support Zone: ₹685–688
- Momentum Bias: Bullish (as long as price holds above support)
- Risk Zone: Below ₹685
- Reward Zone: ₹715 to ₹735
Conclusion: UPL Gearing Up for a Short-Term Rally
UPL has triggered a classic technical breakout from a falling wedge, backed by a retest and bounce from support. As long as price sustains above ₹685, bulls may drive the stock toward the upper targets of ₹715 and ₹735. The chart offers a low-risk, high-reward setup ideal for short-term swing traders.
#NIFTY Intraday Support and Resistance Levels - 18/09/2025For Nifty, the index is expected to open on a strong note near the 25,450 level, indicating a clear gap-up start. A sustained move above the key zone of 25,250 will keep the momentum positive and may drive the index higher toward 25,350, 25,400, and 25,450+. If it manages to cross and hold above the 25,500 mark, further upside extensions toward 25,650–25,750+ are likely, strengthening the bullish sentiment.
On the downside, immediate support is placed around 25,200–25,150. A break below this range could trigger selling pressure, dragging the index back toward 25,100 and 25,000-. This zone will act as a crucial short-term support to watch out for.
Overall, with a gap-up opening near 25,450, the sentiment remains bullish. However, profit booking around resistance levels cannot be ruled out. Traders should ride the momentum with strict stop-losses while trailing profits as the index approaches higher targets.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/09/2025)For Bank Nifty, the index is likely to open around the 55,500 mark, indicating a positive start. Sustaining above the crucial zone of 55,050–55,100 will be key for maintaining bullish momentum. If this level holds, the index may witness an upside move toward 55,250, 55,350, and 55,450+. A breakout and close above 55,550 will further strengthen the upward trend, paving the way for higher levels at 55,750–55,950+.
On the downside, immediate support is placed at 54,950–54,900. If this zone fails to hold, weakness could emerge, dragging the index lower toward 54,750 and further down to 54,550-. These levels will act as important short-term supports for traders to watch.
Overall, the structure remains bullish with a gap-up opening, but profit booking around resistance levels cannot be ruled out. Traders should look for opportunities on the upside while keeping strict stop-losses to manage risk effectively.
Ascending Triangle Breakout on #SBILIFE#SBILIFE is showing clear signs of a strong breakout from current levels.
The ascending trendline has supported the price since 09MAY25. The price continued to hold near the levels of 1855, with every red candle bought in.
Yesterday, i.e. 04AUG15 was a good day to initiate accumulation. In our view, price is expected to move sharply once the daily/weekly candle closes above 1860 with supporting volumes.
BTC Price Action: Bulls vs BearsBTC Price Action: Bulls vs Bears
Bitcoin has shown a gradual recovery after a prolonged corrective phase, with market structure leaning toward a constructive buildup. Fundamentally, sentiment is influenced by global macro conditions—investors are watching U.S. monetary policy signals, while stable demand from institutions and long-term holders continues to provide a supportive backdrop. On-chain activity remains steady, with balanced exchange inflows and outflows suggesting no extreme directional pressure in the near term.
From a technical perspective, the market has shifted momentum from bearish flows into a developing bullish sequence. The recent break of structure on the 4H timeframe highlights strengthening upside intent, though price is still moving within a broader accumulation phase. Current flows suggest the possibility of a short-term dip for liquidity before continuation to higher levels, aligning with the overall constructive weekly outlook.
#NIFTY Intraday Support and Resistance Levels - 17/09/2025Today’s session begins with a gap-up opening across both Nifty and Bank Nifty, reflecting strong bullish sentiment.
For Bank Nifty, the index is likely to open near 55,500 levels. Sustaining above 55,050–55,100 can trigger further upside momentum toward 55,250, 55,350, and 55,450+. A breakout above 55,550 will add strength, paving the way toward 55,750–55,950+. On the downside, immediate support lies at 54,950–54,900, and a break below may push prices lower to 54,750–54,550-.
For Nifty, the index is expected to open near 25,400 levels. A move above 25,250 can fuel bullish momentum toward 25,350, 25,400, and 25,450+. If it manages to break and hold above 25,500, then higher targets at 25,650–25,750+ come into play. On the downside, support is seen around 25,200–25,150, and a breach below could invite selling pressure, dragging it toward 25,100–25,000-.
Overall, both indices are showing bullish setups with gap-up openings, but profit booking around resistance zones cannot be ruled out. Traders are advised to follow breakout levels with strict stop-losses and trail profits as targets are achieved.
FED shaken by politics | Gold eyes new ATH🟡 XAU/USD – 16/09 | Captain Vincent ⚓
🔎 Captain’s Log – News Context
FED & US Politics :
S. Miran elected to the FED Board but still serves as Trump’s economic advisor → concerns FED may face White House influence.
Michelle Mills elected with a narrow 48–47 margin.
Appeals Court blocked Trump from firing L. Cook, affirming FED’s independence, but raising the risk of a legal battle at the Supreme Court.
US Economy :
6:30 AM (US time): Retail Sales release – key consumer spending indicator.
Probability of a -50bps FED cut this week is down to 1.2% , nearly ruled out. FED is almost certain to deliver -25bps next week.
⏩ Captain’s Summary : Politics create noise, but the macro backdrop (FED easing + weak US data) remains the tailwind supporting Gold’s journey toward new ATH.
📈 Captain’s Chart – Technical Analysis
Storm Breaker (Resistance / Sell Zone) :
3706 – 3714 (Fibonacci resistance)
3722 – 3724 (Strong Sell Zone, potential ATH test)
Golden Harbor (Support / Buy Zone) :
FVG Dock: 3666 – 3668
OB Harbor: 3643 – 3645
Strong Low: 3611 (deep support)
Market Structure :
After a series of BoS , Gold broke out of sideways EqH/EqL and surged.
Preferred scenario: retrace to FVG 3666 , then bounce toward 3714 – 3722.
If 3722 breaks successfully → confirms new ATH and extends bullish momentum.
🎯 Captain’s Map – Trade Plan
✅ Buy (priority)
Buy 1 (FVG)
Entry: 3666 – 3668
SL: 3657
TP: 3690 – 3706 – 3714 – 372x
Buy 2 (OB)
Entry: 3643 – 3645
SL: 3632
TP: 3666 – 3700 – 3714 – 372x
⚡ Sell (short scalp at resistance)
Sell Zone
Entry: 3722 – 3724
SL: 3732
TP: 3714 – 3706 – 3690
⚓ Captain’s Note
“The Golden ship has broken free from sideways waters and is heading toward new peaks. Golden Harbor 🏝️ (3666 – 3643) is the safe dock for sailors to gather strength before sailing further. Storm Breaker 🌊 (3722 – 3724) is the big wave, suitable only for short Quick Boarding 🚤 . With dovish winds from the FED, the Golden sails are set toward new ATH.”
LT - Technical & Trade Analysis📊 Larsen & Toubro (L&T) – Technical & Trade Analysis
________________________________________
1️. Price Action
L&T has displayed a powerful bullish move, closing at ₹3,667.80 (+2.28%) with a strong green candle on the daily chart. The price has broken above the neckline at 3,649, which coincides with the 0.786 Fibonacci retracement level, confirming a bullish reversal from recent lows. With this breakout, the stock is now well-placed to test higher levels at ₹3,731, ₹3,802, and eventually ₹3,931, while key support zones remain intact near ₹3,615 – ₹3,535. This price action clearly indicates a shift in momentum from weakness to strength.
Key Levels:
🔴 Resistance: 3696.83 | 3725.87 | 3777.73
🟢 Support: 3615.93 | 3564.07 | 3535.03
________________________________________
2️. Volume Analysis
The bullish breakout is strongly validated by volume data. On the breakout day, L&T recorded a traded volume of 2,928,060 shares, which is more than 2.38 times its 20-day average volume (1,376,896 shares). Such a significant spike in activity signals institutional buying and strong market participation, a hallmark of reliable breakouts. A VolX reading of 2.38 highlights that the move is not a random uptick but a surge backed by heavy accumulation, adding conviction to the ongoing rally.
________________________________________
3️. Technical Indicators
The technical setup offers multiple confirmations for the bullish bias. The yellow-tagged highlights show that the stock has given an RSI breakout, MACD crossover, Bollinger Band breakout, bullish VWAP signal, and a BB squeeze release, all pointing towards the start of a momentum expansion phase. Additionally, the multi-timeframe indicator table on the top right reinforces this view: Stochastic and CCI are bullish across daily and weekly timeframes, while the MACD is bullish on daily and weekly but still bearish on the monthly, hinting at some caution for long-term investors. Meanwhile, RSI at 61 signals healthy strength without yet entering overbought territory. Together, these indicators align to support the short-term bullish momentum in L&T.
________________________________________
4. Latest Update
Larsen & Toubro (L&T) has been in the spotlight recently with a series of significant developments. The company’s Heavy Civil Infrastructure vertical secured a “significant” order worth ₹1,000–2,500 crore from NPCIL for the Kudankulam Nuclear Power Project (Units 5 & 6) in Tamil Nadu, while it also bagged a major contract from NHSRCL to construct 156 km of ballastless track for the Mumbai–Ahmedabad bullet train corridor. On the flip side, L&T has expressed its intent to exit the Hyderabad Metro Phase I operations citing financial and operational challenges and confirmed it will not participate in the Phase II expansion. Financially, the company posted nearly 30% YoY profit growth in Q1FY26, supported by strong execution and a robust order book, further boosted by these fresh wins. Meanwhile, Chairman S. N. Subrahmanyan highlighted long-term succession planning and clarified remarks on work culture that recently drew public debate.
________________________________________5. Investment Outlook
📈 Bullish Case – Why L&T could go up
Breakout above neckline with volume confirmation
RSI & MACD both turning positive on Daily
Strong support zone at 3615–3560 ensures limited downside
Sectoral rotation into infra/engineering plays could fuel upside
📉 Bearish Case – Potential downside risks
Heavy resistance around ₹3,731–₹3,777 (previous supply zone)
If it fails to hold above ₹3,649, profit booking may drag it back to ₹3,585 / ₹3,535
Macro headwinds (interest rate or project delays) could stall the momentum
⚡ Momentum Case – Short-term Trading Edge
Current move shows "Buy Today – Sell Tomorrow" setup
Entry @ ₹3,674, SL @ ₹3,590.44, Target 1: ₹3,757.56, Target 2: ₹3,841.12
Risk Reward is favorable, supported by strong bullish volume
________________________________________
📅 Short-term vs Long-term Perspective
Short-Term (Swing Trade): Strong bullish case, momentum intact, low risk with clear entry/SL/targets.
Medium-Term (1–3 months): Stock can test ₹3,900–₹4,000 zone if momentum sustains.
Long-Term: Monthly MACD still bearish; investors should add gradually only above ₹3,800+ confirmation.
________________________________________
📝 STWP Trade Analysis
📊 Daily Closing Basis Trade
Entry 3,674, SL 3,590.44, T1 3,757.56 (R:R 1:1), T2 3,841.12 (R:R 1:2).
📊 Swing Trade Setup
Entry 3,674, SL 3,545.40, T1 3,802.60 (R:R 1:1), T2 3,931.20 (R:R 1:2).
Pullback level for Intraday Traders: 3643
Pullback level for swing Traders: 3585
________________________________________
Final Outlook
Momentum: Strong | Trend: Bullish | Risk: Low | Volume: High
________________________________________
💡 Learning Note
This setup demonstrates the power of combining price action, Fibonacci levels, and volume confirmation. A bullish breakout above the neckline with heavy volume plus indicator alignment is one of the most reliable swing trade setups. Double Bottom breakouts with neckline retests + volume confirmation are among the highest probability setups in technical trading
________________________________________
📈 Chart Pattern Analysis
L&T on the daily timeframe has given a Double Bottom Pattern breakout, a classic bullish reversal setup. The two bottoms were formed near the 3,535–3,560 zone, showing strong demand absorption at that level. The neckline breakout came at 3,649, confirmed with a big green candle and 2.38× average volume, which validates institutional participation. This pattern indicates that sellers failed to push the stock lower twice, and buyers have now taken control, opening the path for higher targets. Based on the pattern projection, the upside potential extends towards 3,802 → 3,931, aligning with the Fibonacci extension levels.
⚠️ Disclaimer – Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades.
Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments.
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Multi-Pattern Mastery: Descending Triangle Meets Broadening FormThis chart demonstrates the power of multi-pattern recognition in technical study,showcasing how a descending triangle (white lines) can coexist with a broadening formation pattern (red ascending line with shared lower base). The descending triangle shows consistent lower highs against a stable support level, while the broadening pattern reveals expanding volatility through higher highs and the same lower boundary.
Patterns to Study :
Descending Triangles: Characterized by horizontal support and declining resistance, typically indicating bearish pressure building
Broadening Formations: Feature diverging trendlines creating a "megaphone" effect, signaling increased market volatility and indecision
Pattern Confluence: When multiple patterns share common elements (like the lower support base here), it creates stronger technical significance and potential reference points
Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always conduct your own research before making any trading decisions.
Havells Bullish Flag Breakout: Can We See a Rally to 1680+?Havells India Ltd. is currently showing a classic bullish technical setup—a Bullish Flag Pattern—that could lead to a potential breakout and strong upside movement in the short term. Traders who favor breakout-based strategies should pay close attention to this chart, especially considering the structured parallel channel and previous rally that preceded it.
1. Bullish Flag Pattern: Anatomy of the Setup
A bull flag is a continuation pattern that occurs after a sharp price rise (flagpole), followed by a period of consolidation within a narrow parallel channel (the flag). This structure typically suggests that the bullish trend will resume once the price breaks out of the flag range.
In Havells:
Flag Pole: The stock surged sharply from the 1517 zone to near 1610, forming a vertical rise.
Flag/Channel: Price moved sideways within a narrow support at ~1570 and resistance at ~1610, creating a clean parallel channel.
This shows price compression after a strong move, typically a sign of healthy consolidation before another leg up.
2. Breakout Levels and Price Action Confirmation
As per the current chart:
Havells has broken above the resistance zone around 1610, signaling a potential breakout.
The breakout candle is attempting to close above the red resistance band, and follow-up candles will be crucial to confirm strength.
A retest of this breakout zone could offer ideal long entries.
3. Projected Targets from the Pattern
Using the flagpole height, we can project upside targets from the breakout point:
Initial Target: ₹1630.15
A conservative target based on minor resistance and pole extension.
Final Projected Target: ₹1680.45
This marks the full measured move and could be achieved if the rally sustains momentum.
4. Ideal Trading Plan (For Traders)
Entry:
After confirmed breakout above ₹1610
Or on retest near ₹1600–1610 zone with bullish price action.
Stop Loss:
Below the flag support zone at around ₹1570
Aggressive traders can keep it below ₹1585.
Targets:
T1: ₹1630
T2: ₹1680+
Risk-Reward Ratio:
Minimum 1:2 depending on entry price.
5. Risk Scenarios to Watch For
False Breakouts: If the breakout doesn’t sustain and price falls back into the channel, it may trap early longs.
Macro Events: Broader market volatility (Nifty moves or global cues) can impact momentum.
Volume: Lack of volume on breakout candles can reduce conviction—always monitor volume to confirm strength.
Conclusion: Havells Looks Set for a Fresh Rally
This is a textbook bullish flag breakout in formation, with clear upside potential. If the momentum sustains, Havells could very well reach 1680+ in the coming sessions. However, traders must practice disciplined risk management, wait for confirmation, and avoid chasing without a proper plan.
#NIFTY Intraday Support and Resistance Levels - 16/09/2025Nifty is expected to open on a flat note, with no major changes seen from yesterday’s levels. The market continues to hover within a defined range, suggesting that intraday traders should wait for a breakout or breakdown before taking fresh positions.
On the upside, fresh momentum can be seen if Nifty sustains above 25,000–25,050, opening the path toward 25,100, 25,150, and 25,200+. A stronger rally can only be expected once Nifty clears 25,250, which may push it further toward 25,350–25,450+.
On the downside, weakness may emerge if Nifty slips below 25,200–25,150, which could drag it toward 25,100, 25,050, and 25,000-. A further breakdown below 24,950 will intensify selling pressure, with targets at 24,850, 24,800, and 24,750-.
Overall, Nifty is in a consolidation phase, and traders should follow a wait-and-watch approach near key levels. A flat opening signals indecision, so risk management and quick profit booking will be crucial.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/09/2025)Bank Nifty is likely to witness a flat opening, with price action expected to be range-bound around key levels. Traders should closely watch intraday movements for directional clarity.
On the upside, strength will be visible only if Bank Nifty sustains above 55,050, which can open the way for higher targets at 55,250, 55,350, and 55,450+. Until then, upside momentum may remain capped.
On the downside, a short trade can be considered around 54,950–54,900, with targets placed at 54,750, 54,650, and 54,550-. A deeper breakdown below 54,450 will intensify selling pressure, dragging the index toward 54,250, 54,150, and 54,050-.
Overall, Bank Nifty is in a neutral to cautious zone with a flat start. Traders should wait for confirmation near breakout or breakdown levels before entering fresh positions, while managing trades with strict stop-losses.