#NIFTY Intraday Support and Resistance Levels - 11/08/2025Nifty is expected to open slightly gap-up, suggesting a positive but cautious start to the session. On the upside, a sustained move above 24,550–24,600 may trigger further momentum toward 24,650, 24,700, and 24,750+.
On the downside, weakness could develop if the index trades below 24,500–24,450, which may lead to declines toward 24,350, 24,300, and 24,250-. A breakdown below 24,200 could further extend the fall toward 24,150, 24,050, and 24,000-. The 24,500 zone will act as a pivot, and traders should watch for price action confirmation before entering positions, keeping strict stop-losses in place and booking profits at targets.
Technical Analysis
[INTRADAY] #BANKNIFTY PE & CE Levels(11/08/2025)Bank Nifty is expected to open flat, indicating a neutral start to the session. On the upside, a sustained move above 55,050 could trigger bullish momentum toward 55,250, 55,350, and 55,450+. In case of an early dip, a reversal buying opportunity may emerge near the 54,550–54,600 zone, targeting 54,750, 54,850, and 54,950+.
On the downside, weakness may develop if the index trades below 54,950–54,900, with potential declines toward 54,750, 54,650, and 54,550-. A breakdown below 54,450 could further extend the fall toward 54,250, 54,150, and 54,050-. Price action around the 54,950 pivot will be crucial for determining the day’s direction, so traders should keep stop-losses tight and book partial profits at each target.
From Breakdown to Structure: A Tale of Two Timeframes📊 Left Chart – Weekly Timeframe (WTF)
Price shifted from a series of lower highs/lows to forming a W-bottom entirely below the 200 & 50 EMA. Post-recovery, it moved into a channel consolidation, held by a green ascending support and capped by a green counter-trendline, creating a clean geometric structure.
📈 Right Chart – Monthly Timeframe (MTF)
A broader view reveals multi-fold hindrances, with red & orange trendlines marking a multi-year counter-trend. Each upside push faces historical resistance near the supply zone.
📝 Editorial Note:
Not a forecast — simply a snapshot of evolving structure from compressed weekly action to obstacle-heavy monthly context.
XAUUSD – the bullish wave is not over yetHello fellow traders,
Gold continues to maintain its impressive upward momentum after reaching a new high at 3,440 USD/oz.
On the technical side , XAUUSD remains within its long-term ascending channel, currently trading around 3,397 USD and holding firm above the key support at 3,278 USD.
On the news front , the rally is fueled by the US imposing a 39% tariff on Swiss gold bars, ongoing geopolitical tensions coupled with stagflation risks, and expectations that the Fed will soon cut interest rates. The Indian market has also hit record highs due to a weaker Rupee, while the widening spread between spot and futures prices reflects tightened supply conditions.
Reference strategy: As long as price holds above 3,278 USD, the preferred scenario is short-term consolidation followed by a breakout above 3,534 USD, aiming for higher levels near the upper boundary of the channel.
What do you think—does XAUUSD have enough momentum to break above 3,440 USD in this move?
XAUUSD Weekly Plan Final Bullish Push Before a Liquidity Sweep?XAUUSD Weekly Plan – Final Bullish Push Before a Liquidity Sweep?
1. Market Context
Last week, Gold kept moving inside the H2–H4 bullish channel, pushing into the FVG High Zone and approaching the major resistance at 3426–3428 (OBS Sell Zone).
Momentum is fading – candles are compressing, and volume is dropping – signaling potential distribution.
2. Macro Outlook (High-Impact USD Data Ahead)
CPI – Aug 12 → Primary driver.
PPI – Aug 14 → Usually a leading signal for CPI.
Unemployment Claims – Aug 14 → Short-term impact.
Expectations:
CPI & PPI likely better than previous month → USD strength → Gold correction (liquidity sweep to the downside).
Weaker-than-expected CPI/PPI → USD weakness → Gold could spike for one last bullish leg before reversing.
3. Technical Overview
H2 bullish channel top aligns with FVG High Zone → big players’ sell limit & profit-taking area.
Main scenario: Test 3426–3428 → Bearish reaction → Channel breakdown → Retest 3395–3400 (VPOC) → Drop toward liquidity pools below.
4. Key Levels
SELL Zone: 3426 – 3428
SL: 3434
TP: 3420 → 3415 → 3410 → 3405 → 3400 → 3395 → 3390 → 3380 → 3370 → 3360
BUY Zone: 3330 – 3328
SL: 3322
TP: 3335 → 3340 → 3350 → 3360 → 3370 → 3380
5. Trading Plan
🔹 Primary SELL Setup:
Wait for price to reach 3426–3428 with H1/H2 bearish candle confirmation.
Take profits gradually at each downside target.
🔹 Counter-trend BUY:
Enter only if price sweeps liquidity into 3330–3328 with strong bullish reaction.
6. Trader’s Notes
Gold may still push $30–$40 higher early next week before hitting OBS Sell Zone.
Expect large SELL volume once in this zone (profit-taking + top-picking by big players).
This should be a short-term correction, not a full trend reversal.
Best to SELL from highs and hold after a confirmed channel breakdown.
7. Risk Note
High-impact week → Possible false breaks before/after CPI & PPI.
Avoid oversized positions during news releases.
A break & hold above 3434 with strong volume invalidates SELL scenario → wait for new structure.
📌 Summary:
Bias: SELL from 3426–3428 → Target liquidity pools down to 3360.
Backup Plan: BUY from 3330–3328 if liquidity grab confirmed.
Manage risk tightly, especially during high-volatility events.
— MMFlow Trading
Trend Reversal Rejection Strategy | Higher High + Candle Confirm🔍 Idea Summary:
This strategy focuses on identifying trend reversal zones using classic Higher High (HH) and Lower Low (LL) structures followed by rejection confirmation candles.
🔻 Short Setup:
Price forms a Higher High.
Wait for a rejection candle (long wick, body closes inside previous range).
Confirm structure break and take short entry on confirmation.
✅ Example: On the left side of the chart, price printed a HH, followed by a strong rejection candle. That led to a clean move downward.
🔺 Long Setup:
Price forms a Lower Low.
Watch for a rejection candle near key support.
Enter long trade after confirmation.
✅ Example: Mid-chart shows price breaking to LL, then instantly rejecting with a strong bullish candle. Followed by a sustained move up.
🔴 Current Price Action:
Price is testing a potential new Higher High.
📌 Strategy suggests: Wait for a bearish rejection candle before shorting!
📈 Strategy Benefits:
Avoids impulsive entries
Combines structure with candle logic
Great for reversal traders and range scalpers
🔥 Like & follow for more real-time trading ideas!
💬 Drop your thoughts or questions below – let’s grow together, traders! 💪
#ETHUSDT #PriceAction #RejectionCandle #TrendReversal #SupportResistance #Scalping #TradingStrategy #Crypto #ChartPatterns #TechnicalAnalysis
EURUSD – recovery aiming to test resistance zoneThe euro is benefiting from the weakening pressure on the US dollar as the market expects the Fed to loosen its monetary policy, combined with positive signals of trade cooperation between the US and Europe. This risk-on sentiment is supporting the short-term uptrend of EUR/USD.
The price is moving within a short-term bullish structure and is approaching the resistance zone around 1.1770 , after rebounding strongly from the support area near 1.1630 . Recent pullbacks have been shallow and quickly absorbed, indicating that buyers still hold the upper hand.
Base scenario: EUR/USD may consolidate in a tight range before breaking above 1.1770, opening room for further upside. As long as the 1.1630 support holds, any pullback can be seen as an opportunity to add long positions in line with the prevailing trend.
XAUUSD – consolidating within range, awaiting breakout momentumGold is currently receiving strong support from news that the PBOC has been buying gold for nine consecutive months , bringing reserves close to 74 million troy ounces . This is a strategic move aimed at strengthening financial security and r educing reliance on the US dollar , which has created a positive sentiment in the market.
On the H4 chart, XAUUSD remains range-bound between 3,344 and 3,408 , with strong rebounds from the lower support zone. The price structure suggests that selling pressure is weakening , while buying momentum is building a base.
The preferred scenario is that the price will continue consolidating in a narrow range , then retest 3,344 before rising toward the 3,408 resistance and potentially higher if a breakout occurs. As long as support holds firm , the mild uptrend is likely to continue.
LLOYDSME – Breakout Retest with 21 EMA ConfluenceAs part of my personal trading strategy, I am closely watching LLOYDSME, which is currently retesting a recent breakout zone and hovering near a key support level. This area also coincides with the 21 EMA on the daily chart, adding to the technical confluence.
I am considering a long position if the price action confirms support at this level, in line with my predefined risk management rules. From my perspective, the current chart structure offers a potentially favorable risk-reward setup, with scope for upward movement if the retest holds.
Disclaimer
This analysis reflects my personal views and is shared for educational and informational purposes only. It does not constitute investment advice or a recommendation. I am not a SEBI-registered investment advisor. Please consult a qualified financial advisor and do your own due diligence before making any investment decisions.
#NIFTY Intraday Support and Resistance Levels - 08/08/2025Nifty is expected to open slightly gap up, indicating a positive start to the session. If the index sustains above the 24,550–24,600 zone, it could extend its upside toward 24,650, 24,700, and 24,750+. On the other hand, a rejection from higher levels, particularly near 24,750–24,700, could trigger a pullback toward 24,650, 24,600, and 24,550-.
A breakdown below 24,500 may invite further weakness, with downside targets at 24,350, 24,300, and 24,250-. Price action near the 24,550–24,600 support-turned-pivot zone will be key for intraday momentum. Traders should maintain strict stop-losses and consider partial profit booking at each milestone level.
[INTRADAY] #BANKNIFTY PE & CE Levels(08/08/2025)Bank Nifty is expected to open slightly gap up near the 55,550–55,600 zone, indicating a positive start after the recent upward momentum. If the index sustains above this zone, it may continue its bullish momentum toward 55,750, 55,850, and 55,950+. A breakout above 56,050 could further extend the rally toward 56,250, 56,350, and 56,450+.
On the downside, if Bank Nifty fails to sustain above 55,550 and slips below the 55,450–55,400 range, a pullback may occur toward 55,250, 55,150, and 55,050-. Any further breakdown below 55,050 could open the way toward deeper supports.
Price action near the 55,550–55,600 level will be crucial for intraday direction, and traders should keep a strict stop-loss while booking partial profits at each target.
Bitcoin targets $133,000 with institutional capital inflowsBitcoin is currently trading in an upward channel, forming higher highs and higher lows, indicating a strong bullish trend.
Capital inflows from major financial institutions like JPMorgan and Citigroup are increasing into BTC, combined with expectations that the Fed will cut interest rates in September, providing positive momentum for the price. The Trump administration's cryptocurrency policies and Syz Capital reopening its BTC Alpha fund with 2,000 BTC have driven strong participation from institutional investors.
Technically, BTC has bounced off the support at $112,816 and could continue toward the resistance at $119,249. A break above this level could set the next target at $133,000 by the end of 2025. Investors should carefully monitor signals and manage risk accordingly.
EUR/USD – Uptrend Strengthens as USD WeakensMacro backdrop is favoring the euro:
Weaker U.S. labor market (only 73,000 new jobs) is boosting expectations of a Fed rate cut in September.
Political pressure on the Fed raises concerns about its independence → USD loses credibility.
EU–US trade deal eases tensions and supports confidence in the euro.
Technical Outlook
On the H4 chart, price has broken the downtrend line from July , forming a classic higher low structure – a hallmark of an uptrend.
Price is moving within a short-term ascending channel , targeting the 1.1780 resistance zone.
RSI has broken above 70, indicating strong buying momentum but also signaling a potential short-term pullback.
Suggested Trading Strategy
Prefer to Buy on dips toward the 1.1570–1.1600 support zone.
Near-term target: 1.1780
Stop loss: Below 1.1520
XAUUSD – Gold stays hot, bullish trend still intactGold continues to be in the spotlight as a combination of macroeconomic factors and technical structure supports further upside momentum.
Market Overview:
- Analysts have revised gold price forecasts upward to the $3,500–$3,600/oz range, driven by a weaker USD and concerns over slowing US growth.
- Labour market data from the US is showing weakness, with rising jobless claims – increasing expectations that the Fed may cut rates in September.
- Geopolitical tensions and global trade uncertainties are boosting gold's appeal as a safe haven asset.
- Strong investor interest: Trading volumes in gold futures have risen significantly, indicating heavy participation from big money.
Technical Analysis:
- Price is clearly moving within an ascending channel, reflecting a stable medium-term uptrend.
- Gold is currently testing the short-term resistance around $3,408 , with potential for a minor correction toward support near $3,350 , which aligns with the lower boundary of the channel.
- As long as price remains inside the ascending channel, the bullish bias remains valid.
Trading Strategy
Look for long entries near the $3,350 support zone on a pullback.
Short-term target: $3,408 – Mid-term target: $3,500+
Stop-loss: Below $3,320
In summary , gold is receiving strong support from both fundamentals and technicals. Buying the dips remains the preferred strategy in the current setup.
BLUE STAR LTD - Technical Analysis | Triangle Pattern ________________________________________
📊 BLUE STAR LTD – Beginner-Friendly Technical & Fundamental Snapshot
Ticker: NSE:BLUESTARCO | Sector: Consumer Durables
CMP: ₹1,827.50 ▲ (+3.23%) (as of August 7, 2025)
Chart Pattern: Symmetrical Triangle
Technical View: ⭐⭐⭐⭐ Neutral-to-Positive (Educational Purpose Only)
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🔍 What’s Happening on the Chart?
BLUE STAR has formed a Symmetrical Triangle – a pattern where price moves within narrowing highs and lows 📉📈
This indicates consolidation and usually results in a strong breakout or breakdown.
📦 Triangle Range: ~₹1,616 to ₹1,922
👉 Current price is testing the upper edge — a breakout could be brewing!
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🕯️ Candle & Indicator Analysis (Simplified)
Here’s what the chart and indicators show:
EMA 200 Crossover:
✅ Bullish signal – price is trading above its 200 EMA
RSI (~60):
🔼 Showing strength – not yet overbought
Stochastic (~92):
🚀 Near overbought – buyers in control
MACD:
⚠️ Still bearish – momentum confirmation is pending
VWAP:
✅ Aligned with bullish bias — suggests institutional support
📊 Volume Breakout:
🔺 Volume surged to 1.57 million, almost 3x the average of ~525.73k — a strong sign that big players may be stepping in as price nears breakout levels.
🧠 Trading Insight:
The chart looks bullish but still needs confirmation. Watch for a proper breakout above the triangle with volume.
________________________________________
📰 Recent News & Sentiment Update
Q1 FY26 Results (as of June 30, 2025):
📈 Total Income: ₹2,998.32 Cr (↑ 3.8% YoY)
💰 Net Profit: ₹122.23 Cr
(Source: Company Filings & Analyst Coverage)
Sentiment:
✅ Positive: Modest earnings growth, analyst support
⚠️ Caution: Target cut by some analysts — signals mixed expectations
________________________________________
🧭 Support & Resistance Levels
📌 Resistance Zones (Upside watch):
R1: ₹1,866
R2: ₹1,904
R3: ₹2,112 (measured move target)
📌 Support Zones (Downside watch):
S1: ₹1,750
S2: ₹1,680
S3: ₹1,616 (triangle base)
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🔍 How to Trade a Symmetrical Triangle
A symmetrical triangle is a neutral pattern.
The breakout confirms direction:
– Above = potential upside 🟢
– Below = potential downside 🔴
📈 If Bullish Breakout Happens (above ₹1,860):
✅ Wait for a candle close above ₹1,860 with volume
🎯 Possible Price Zones: ₹2,000 → ₹2,165
🛑 Stop Loss: ₹1,750 (below triangle support)
📉 If Bearish Breakdown Happens (below ₹1,680):
✅ Wait for close below ₹1,680
🎯 Possible Price Zones: ₹1,500 → ₹1,375
🛑 Stop Loss: ₹1,750 (above triangle resistance)
________________________________________
🧠 STWP’s Educational Trade Idea (Not a Recommendation)
🎯 Long watch above: ₹1,839
🛑 Stop Loss: ₹1,719.50
📈 Risk-Reward Idea: Minimum 1:1; ideally aim for 1:2+
________________________________________
🔰 Trading Notes
✅ Always use stop losses
⏳ Be patient — wait for confirmation, not assumption
🚫 Don’t chase green candles or panic in red ones
📚 Trade based on structure, not emotions
💼 Risk only 1–2% of your capital per trade
🎯 Target minimum 1:1.5 Risk-to-Reward ratio
________________________________________
⚠️ Disclaimer (Read Carefully)
This post is for educational and informational purposes only.
The author is not a SEBI-registered investment advisor. No buy or sell recommendations are being made.
All views are based on chart patterns, publicly available data, and personal learning experience.
Trading involves risk. Losses can exceed your investment. Always consult a SEBI-registered advisor before making financial decisions.
By engaging with this content, you agree to these terms.
________________________________________
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Drop your thoughts, questions, or setups in the comments below ⬇️ — let’s grow together!
🔁 Share this post with fellow traders and beginners to spread clean, structure-based learning.
✅ Follow simpletradewithpatience for beginner-friendly setups, price action insights, and disciplined trading content.
🚀 Stay Calm. Stay Clean. Trade With Patience.
Trade Smart | Learn Zones | Be Self-Reliant 📊
________________________________________
TITAN company Ltd : ConsolidationTitan : detailed analysis based on the chart pattern
An Overview:
Current Price: ₹3,411
Trend: Long-term bullish,
short-term consolidation/downtrend.
Levels:
Support Levels: ₹2,677 / ₹2,617 / ₹2,535
Resistance: ₹3,886
Bias: Cautiously Bearish unless strong breakout above ₹3,886.
Investors can accumulate onnthese support levels for better results.
Disclaimer: Views are personal, the analysis is only for learning purpose and ideas are not any investment advice. Please consult your investment advisor before making any investments.
Nifty 50 Analysis – Key Support Zone HoldsThe Nifty 50 Index is currently testing a critical support zone near the 24,450–24,500 level, which has historically acted as a strong base for multiple reversals. As visible on the chart, price action has formed a series of lower highs and lower lows, but recent candles show buyer defense around this support, hinting at a potential bottom formation.
Structure Breakdown
Over the past few sessions, Nifty has been in a short-term downtrend, trading consistently below the 200 EMA, which confirms the bearish pressure. However, price is now at a make-or-break support level, which has been respected multiple times over the past two months.
A potential W-shaped bottom pattern (double bottom or inverse head & shoulders-like) seems to be forming, which could signal a bullish reversal if the neckline (near 24,850–24,900) breaks convincingly.
Bullish Possibility
If the support holds and price breaks above 24,900, we may see a trend reversal or at least a relief rally. The possible upside targets include:
First Target: 25,100
Second Target: 25,350
Swing Target: 25,600+
The move may be sharp if shorts start covering and fresh buying enters on confirmation. A successful reclaim of the 200 EMA will strengthen the bullish structure.
Bearish Breakdown Possibility
On the flip side, if price fails to hold above 24,450 and we get a candle close below this zone, the bullish reversal setup will get invalidated. This could open room for:
Downside Target 1: 24,200
Downside Target 2: 23,950
Extended Target: 23,700 zone (last swing low)
In this scenario, bears regain full control, and the overall downtrend from July could continue deeper.
Risk Factors for Both Sides
News Event Risk: Any macroeconomic event (like inflation data, RBI policy changes, or geopolitical developments) could trigger volatility and invalidate patterns.
False Breakouts: Watch for fake moves above resistance or below support. Always wait for confirmation candle close.
Gap Open Risk: Overnight global market moves can trigger gap-ups/downs, skipping stop-losses.
Trader Suggestions
- Wait for confirmation before entering long above 24,900 or short below 24,450.
- Use tight stop losses as volatility near key levels can result in whipsaws.
- Avoid heavy positions in this uncertain phase unless breakout or breakdown confirms.
- Keep watching for volume and price momentum for signs of real conviction.
- Option traders may explore straddle/strangle near this tight range, if expecting a sharp move.
Final Word
Nifty is at a crucial turning point. The support zone has worked like a wall so far—but whether it leads to a reversal rally or a breakdown will depend on how price reacts in the next 1–2 sessions. Trade with a clear plan, and adapt quickly based on market behavior.
#NIFTY Intraday Support and Resistance Levels - 07/08/2025Nifty is expected to open flat near the 24,550–24,570 range, showing signs of consolidation after recent volatile moves. This zone is likely to act as a key intraday support level, and price action here will be crucial in determining further direction.
If Nifty manages to hold above the 24,550–24,600 level and shows reversal signs, a bounce back can be anticipated. In such a case, the index may move upward toward 24,650, 24,700, and eventually 24,750+. This upside move would indicate strength returning at lower support levels.
However, if Nifty fails to sustain above 24,550 and breaks below the 24,500 level, it could trigger a downward move. A short-side opportunity may emerge below 24,500, with potential targets at 24,350, 24,300, and 24,250-. On the other hand, any bounce near 24,550–24,600 could provide a reversal long setup targeting 24,650, 24,700, and 24,750+.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/08/2025)Bank Nifty is expected to open flat near the 55,400–55,450 zone, which has acted as a pivotal area in the recent sessions. The index has shown repeated price action around this level, suggesting a phase of consolidation. A breakout from this zone could lead to a directional move.
If the index manages to sustain above the 55,550–55,600 level, it may trigger bullish momentum with potential upside targets at 55,750, 55,850, and 55,950+. This zone is crucial as it aligns with previous resistance areas and could attract fresh buying interest on a breakout.
Conversely, if Bank Nifty fails to hold above the 55,450–55,400 support band and starts trading lower, it could initiate a downward move toward 55,250, 55,150, and 55,050-. A break below 54,950 may accelerate the decline, opening the way toward 54,750, 54,650, and even 54,550-.
BTCUSDT – Institutional Money Returns, Signs of a Strong ReboundBitcoin is showing positive recovery signals as major capital flows are re-entering the market. Notably, Syz Capital has successfully raised $200 million to invest in BTC – a strong indicator of growing long-term confidence from institutional investors.
On the H8 chart, BTC remains in a downtrend channel but is forming an accumulation pattern around the 111,000 USDT support area. Previous FVG zones have been filled, suggesting buying pressure is absorbing supply well. Volume is also slightly increasing at the lows – indicating selling pressure is weakening.
If BTC holds above 111,000, a move toward 117,500 is likely, with potential to reach 120,000 if it breaks above the descending channel. This would confirm a clearer medium-term uptrend.
EURUSD – Bottoming out, poised for breakoutAfter a sharp decline since late July, EURUSD is consolidating around the key support zone of 1.1520–1.1580. On the H4 chart, price remains within a descending channel but is beginning to form a compression pattern — often a precursor to a strong breakout. Bullish momentum is building as price rebounds from the 1.1480 low and holds a modest upward bias.
On the macro front, the USD is weakening as markets increasingly expect the Fed to cut interest rates in September, especially after a string of weak labor data. In contrast, the EUR is supported by stable inflation and the ECB’s persistent hawkish stance. If the current support zone holds, EURUSD could break out of the descending channel and target the resistance levels at 1.1680 and 1.1770.
Gold Explodes: Will the Uptrend Continue?News Background:
Recent weak U.S. job data has fueled expectations that the Fed will cut interest rates in September, weakening the USD and bond yields, making gold more attractive. Additionally, trade tensions between the U.S. and India have increased uncertainty, driving capital flows into gold.
Technical Chart:
Resistance: 3,450 USD is a key resistance level. If broken, the price could continue to rise towards 3,500 USD.
Support: 3,360 USD is the nearest support level. A drop below this could lead to a pullback to 3,320 USD.
RSI: Currently at 64.11, close to overbought territory, but not yet too high, suggesting the uptrend could still continue.
Outlook:
Bullish scenario: If 3,450 USD is broken, the price could reach 3,500 USD.
Bearish scenario: If 3,360 USD cannot hold, a pullback to 3,320 USD is possible.
ASIAN PAINTS LTD – Technical Analysis________________________________________
🧠 ASIAN PAINTS LTD – Technical Analysis
Ticker: NSE:ASIANPAINT | Sector: Decorative & Industrial Coatings
CMP: 2,491 ▲ (+1.9%)
Chart Pattern: Symmetrical Triangle Breakout
Technical View: ⭐⭐⭐⭐ (Neutral-to-Positive Setup – Educational Purposes Only)
________________________________________
📈 Technical Overview (For Educational & Informational Purposes Only)
🔹 Pattern Observed:
Price action indicates a breakout from a symmetrical triangle pattern on the daily timeframe – a structure often linked to volatility contraction and potential directional movement. The stock breached the upper trendline near 2,467 with an uptick in volume, indicating possible buyer interest.
🔹 Supporting Indicators:
— MACD: Bullish crossover
— 200 EMA: Price reclaimed above the long-term average
— RSI: Reading near 66, indicating strengthening momentum
— Bollinger Bands: Price broke above upper band + BB squeeze
— SuperTrend: Bullish
— Open = Low: Potential buyer strength
🔹 Volume Context:
Volume during the breakout session was ~2.02M – higher than average, suggesting institutional participation or increased trader interest.
________________________________________
🔼 Resistance Levels (Reference Zones)
R1: 2,518
R2: 2,545
R3: 2,583
🔽 Support Levels (Reference Zones)
S1: 2,452
S2: 2,413
S3: 2,387
________________________________________
📰 News Summary & Sentiment Context (Neutral View)
📌 Earnings:
Q1 FY26 PAT declined ~6% YoY to 1,100 Cr. Revenue slightly lower YoY but largely in-line with expectations. Decorative segment volume grew ~4%, which helped cushion margin pressures.
📌 Demand Trends:
Urban & project-led demand showing signs of recovery. Rural demand is stable. Some macroeconomic caution warranted due to external factors (e.g., job market uncertainties).
📌 Regulatory Update:
The CCI has initiated a probe on alleged market dominance following a complaint. The company has contested the investigation citing procedural inconsistencies.
📌 Market Mood:
Despite regulatory concerns, post-earnings sentiment appears improved. The stock has risen ~5.2% YTD and has been among recent Nifty outperformers.
________________________________________
📚 Educational Insight for Traders & Learners
The symmetrical triangle is a common consolidation pattern formed by converging trendlines. It reflects a balance of power between buyers and sellers. A breakout (especially with volume) can signify renewed directional bias.
In this case, the stock broke out above the resistance trendline, backed by volume and confirmation from technical tools (RSI > 60, MACD, BB squeeze, etc.).
Such breakouts are monitored by traders for swing or positional opportunities, provided risk is managed and external catalysts (like earnings and macro sentiment) are factored in.
✅ Key Reminder: Technical setups should be combined with proper position sizing, exit plans, and broader market context.
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🔍 Trade Setup (For Educational Simulation Only)
Trade Details
🔹 Long Entry: ₹2,505.60
🔹 Stop Loss (SL): ₹2,406.55
🔹 Risk-Reward Ratio: 1:1 | 1:2+
Pullback Trade Setup (Optional Re-Entry)
📍 Pullback Entry Zone: ₹2,491.20 – ₹2,505.60
📍 Protective Stop Zone: ₹2,465.87 – ₹2,453.60
📍 Risk-Reward Range: 1:1 | 1:2+
________________________________________
⚠️ Disclaimer (Please Read Carefully):
This content is shared strictly for educational and research purposes only.
I am not a SEBI-registered investment advisor, and no buy or sell recommendations are being made.
All views expressed are based on personal market analysis and experience. They are not intended as financial advice.
Trading — especially in derivatives like options — involves significant financial risk. Losses can exceed your initial investment.
👉 Always do your own research and consult a certified SEBI-registered advisor before making any investment or trading decisions.
👉 Use proper risk management and only trade with capital you can afford to lose.
The author assumes no responsibility or liability for any trading losses incurred from acting on this content.
By engaging with this material, you agree to these terms.
________________________________________
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🚀 Trade with patience. Trust your charts. Stay clear-headed.
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