A Classic Inverted Head & Shoulders What we’re looking at here is a textbook inverted head & shoulders formation unfolding on the chart.
🔴 & ⚪ – show the prior lower high, lower low continuation of the downtrend.
⚪ – represents the head, formed with a solid consolidation base.
🟢 – marks the structure shift, where the market starts printing higher lows.
🟡 – the counter trendline / neckline of this pattern, which price has now tested.
This structural shift is Highlight of this Post
Disclaimer: This post is purely for chart structuring and educational discussion. It is not a buy/sell recommendation or investment tip. Always do your own research before making trading decisions.
Tradingview
Gold Plan 15/08 – Captain VincentBackground
Yesterday, Gold revisited the BUY Scalp – Quick Boarding 🚤 (3332 – 3334) zone and bounced 140 pips.
This is the second consecutive day the zone has shown strong reaction, but today its support strength may weaken.
The main H1 trend is leaning bearish , so the priority is to look for sell setups at major resistance zones.
Zone 1 – Storm Gate 🚪 (Main Sell Zone – SMC Supply)
Entry: 3,355 – 3,357
SL: 3,361
TP: 3,351 → 3,347 → 3,342 → 33xx
Note: SMC Supply zone confluenced with Fibo 0.5 – 0.618. Wait for strong price reaction before entry.
Zone 2 – BUY Scalp – Quick Boarding 🚤
Entry : 3,332 – 3,334
SL: 3,327
TP: 3,336 → 3,339 → 3,342 → 33xx
Note: This zone has reacted twice in a row. Today, only use for quick scalps, avoid holding for long.
Zone 3 – Deep Harbor 🏝️ (Main Buy Zone – SMC Demand)
Entry: 3,290 – 3,292
SL : 3,284
TP: 3,296 → 3,300 → 3,304 → 33xx
Note: Deepest support of the day. Buy only if price drops sharply and clear reversal signals appear.
Today’s Scenarios
If price tests Storm Gate → Look for short-term sells in line with the downtrend.
If price breaks below BUY Scalp → Wait for a retest to sell further, as there’s a high chance of filling the previous Fair Value Gap.
If price reaches Deep Harbor → Attempt a bottom buy, but keep profit expectations short since the overall trend is bearish.
Captain’s Note:
"Today, the golden sea has strong waves and heavy winds. The captain will set sails at Storm Gate to catch the downwind move. Deep Harbor stays open, but will only anchor if the skies are clear. BUY Scalp is like a speedboat – fast, sharp, decisive." 🏴☠️📉
Captain’s Friday Warning ⚠️
"It’s Friday – the wildest day of the week. Trade carefully, manage capital tightly, and protect your treasure chest. The weekend is long; don’t let one impulsive move sink the ship." ⛵💰
Gold Plan 14/08 – Captain VincentGold Plan 14/08 – Captain Vincent ⚓
Background
Yesterday, Gold touched the Sell Scalp zone and cruised smoothly for 220 pips 🎯.
However, it failed to break the previous Buy Zone and is now maintaining a bullish structure on the H1 chart, with higher lows forming.
Today, the market may move slower as traders await the US PPI data , so each entry point must be taken with caution.
Zone 1 – Golden Harbor 🏝️ (Main Buy Zone – SMC Demand)
Entry: 3,334 – 3,332
SL: 3,327
TP: 3,338 → 3,342 → 3,346 → 33xx
Note: This is the main buy zone, aligned with the SMC Demand Zone. Enter only if there’s a clear reversal signal (Pin Bar / Engulfing) on M15/H1.
Zone 2 – Storm Breaker 🌊 (Sell Zone – SMC Supply)
Entry: 3,398 – 3,400
SL: 3,407
TP: 3,394 → 3,390 → 3,386 → 33xx
Note: Strong sell zone. Watch price reaction before entry. Prefer partial profit-taking along the way.
Today’s Scenarios
If price tests Golden Harbor → Wait for pin bar or engulfing, then Buy in line with the uptrend.
If price approaches Storm Breaker → Look for short-term sell setups on reversal signals.
If price stays in the mid-range → Stay on the shore, save energy for the golden moment.
Captain’s Note:
"Today, the golden sea still rides the bullish tide, but the PPI winds may shift without warning. Keep the helm steady, and anchor only at safe harbors." 🏴☠️📈
Gold Plan 13/08 – Captain VincentGold Plan 13/08 – Captain Vincent ⚓
News Background
📊 Gold is holding steady near $3,350/oz after the US July CPI release.
Headline CPI : 2.7% (below forecast of 2.8%) 📉
Core CPI: 3.1% (up from 2.9%) 📈
➡ This cools down inflation fears from tariffs and increases the probability of a 25 bps Fed rate cut in September , which is bullish for Gold.
Key factors to watch:
💼 Market awaiting more data: PPI, jobless claims, retail sales.
🔍 Tariff drama: Trump says no tariffs, but US Customs just listed 1kg & 100oz gold bars under taxable imports.
🌐 US extends the trade truce with China for another 90 days.
🕊 US–Russia talks on Ukraine scheduled for 15 Aug in Alaska.
News conclusion:
Lower-than-expected CPI + higher Fed cut chances = Gold remains positive.
But tariff and geopolitical risks must be tracked closely.
Yesterday’s Action (12/08)
Gold tapped the Buy Scalp – Quick Boarding 🚤 zone and bounced ~290 pips .
However, it failed to break decisively above the zone and moved sideways around support.
Technical Plan – 13/08
1. Sell Scalp – Quick Boarding Reverse ⚓
Entry: 3,374 – 3,376
SL: 3,382
TP: 3,368 → 3,362 → 3,355 → 3,3xx
Reason: Short-term resistance, suitable for quick sell scalps when price retests higher.
2. Sell Zone – Storm Breaker 🌊
Entry: 3,405 – 3,406
SL: 3,411
TP: 3,395 → 3,385 → 3,375 → 3,365
Reason: Major resistance zone aligned with previous highs and trend channel.
Scenarios:
Price likely to rise from current sideways range to test either Sell Scalp or Storm Breaker.
Priority: Sell if reversal signals (pin bar, engulfing) appear on M15/H1 at these zones.
If price breaks above Storm Breaker and holds above 3,411 → cancel sell plan, wait for new structure.
Captain’s Note:
"The CPI wave has anchored the Gold ship near 3,350. Today, the crew is ready to set sail towards Sell Scalp and Storm Breaker, waiting for the winds to shift for a profitable turn." ⚓🌊
STAR CEMENT LTD | Strong Breakout After Long-Term Consolidation 📝 Description:
📌 Stock: STAR CEMENT LTD (NSE)
📅 Timeframe: 1D (Daily)
📈 Breakout Date: 04-Aug-2025
💼 Sector: Cement / Infrastructure
⚡️ Technical Setup:
Breakout Above Long-Term Resistance:
Price has finally broken through the ₹240–₹256 resistance zone, which had capped upside for nearly a year.
Strong Volume Confirmation:
The breakout is accompanied by a significant rise in volume, adding credibility to the move and indicating strong buyer interest.
Bullish Market Structure:
Price has shifted into a higher high–higher low structure over the last few weeks, confirming momentum build-up.
Range Built-Up Base:
Price consolidated within ₹190–₹240 for over 10 months, creating a solid foundation for the breakout.
🔍 Key Observations:
📊 Chart Pattern:
The chart shows a horizontal breakout from a long-term consolidation zone between ₹240–₹256. This breakout signals a bullish continuation, as the stock pushes above a multi-month supply zone with strong momentum.
📈 Recent Price Action:
• The stock gave a clean breakout on 04-Aug-2025, closing above the resistance zone required with strong follow-through.
• The rally was supported by 2.5× surge in volume, indicating institutional interest.
• Price structure shows confirming trend reversal from range-bound to bullish.
• This breakout comes after 10+ months of consolidation, adding more weight to the move.
Add-ons:-
✅ Clean breakout with follow-through above ₹256.
🔼 No immediate supply zone until ₹280–₹290 range.
🔁 ₹240 now becomes a key support level.
📊 Increasing volume supports institutional accumulation possibility.
📌 Trade View:
Aggressive Entry:
• Entry around current levels if price holds above the breakout zone (₹256+).
• Use a stop-loss as per your risk plan.
Conservative Entry:
• Wait for a retest of the breakout zone (₹240–₹256) with confirmation through price action and volume support.
• Ideal for traders preferring high conviction and lower risk.
•Bias: Bullish
•Support: ₹240 (flip level), ₹225 (minor swing)
•Invalidation: Close below ₹240
🧠 Rationale:
The long base, clean breakout, and strong volume together suggest a high-probability bullish continuation. Absence of nearby resistance offers a decent runway towards the ₹280–₹290 zone. This move is also backed by strength in the broader cement sector.
🚨 Disclaimer: This is not financial advice. All views are shared for educational purposes only. Always do your own research and manage risk responsibly before making any trading decisions.
What is your view please comment it down and also boost the idea this help to motivate us.
Gold Plan 12/08 – Captain VincentGold Plan 12/08 – Captain Vincent ⚓
Background:
After sliding from the Storm Breaker 🌊, Gold has broken below the 3358 zone and successfully retested it. The ship is now heading straight towards the Buy Scalp – Quick Boarding 🚤 dock.
Today’s Plan: Only buy when price reaches the pre-defined support zones — no chasing in open waters.
Zone 1 – Quick Boarding 🚤 (Buy Scalp)
Entry: 3,333 – 3,331
SL: 3,327
TP: 3,336 → 3,339 → 3,342 → 3,345 → 3,348 → 33xx
Note: Fast in & out. Take partial profits at each TP hit.
Zone 2 – Golden Harbor 🏝️ (Main Buy Zone)
Entry: 3,311 – 3,309
SL: 3,305
TP: 3,315 → 3,319 → 3,323 → 3,327 → 3,331 → 33xx
Note: Main accumulation zone. Hold longer if buying momentum stays strong.
Today’s Scenarios:
If price hits Quick Boarding → Wait for a reversal signal (pin bar, engulfing) on M15/H1 before entering.
If price dips to Golden Harbor → Observe the bounce strength; enter only on clear confirmation.
If neither zone is touched → Stay on the shore; wait for the next voyage.
Captain’s Note:
“The Gold ship has left the 3358 waters, turning its bow towards Quick Boarding 🚤. If docking is smooth, the crew will sail out swiftly to the open seas. Golden Harbor 🏝️ remains the main refuge if stronger waves push deeper.”
Varun Beverages: From Parallel Channel to Symmetrical TriangleOn the monthly timeframe (right chart), Varun Beverages shows a classic Fibonacci retracement pullback to the 38.2% level after an extended rally.
>Shifting to the weekly timeframe (left chart), we observe:
-Parallel Channel during the earlier uptrend phase, reflecting a strong trending structure.
-A break of the uptrend that transitioned into a sideways phase.
-Formation of a Symmetrical Triangle – characterized by a sequence of lower highs and higher lows, creating a contraction pattern.
This multi‑timeframe view highlights how trends evolve from strong rallies, to corrections, and into consolidation structures.
⚠️ Disclaimer:
This post is for educational purposes only and is not financial advice.
Liquidity Sweep Complete – Bullish Continuation Ahead?GOLD ANALYSIS 31/07: Liquidity Sweep Complete – Bullish Continuation Ahead?
🔍 Technical View | XAUUSD | 2H Chart | End of Month Setup
Gold has completed a final liquidity sweep around the 3269–3271 zone and has since rebounded strongly, in line with the prevailing bullish structure. The sharp drop yesterday during the FOMC rate statement appears to have served its purpose: grabbing final sell-side liquidity before preparing for the next bullish leg.
As of now, price is reacting at the 3295 zone, which coincides with the M30 CP (Change of Character) Zone, showing minor intraday retracement. A healthy pullback is likely before a potential bullish breakout of the descending trendline that has been holding price down over recent sessions.
🔵 BUY Strategy: Trend Continuation Setup
We’re watching for potential re-entries on a dip toward the OBS Buy Zone (3286–3284), created after the recent bullish move. This could be the last opportunity to catch the next impulsive leg higher.
Buy Zone: 3286–3284
Stop Loss: 3278
Targets: 3290 → 3294 → 3298 → 3304 → 3308 → 3312 → 3316 → 3320 → 3330 → ???
Key breakout confirmation will come if price closes strongly above 3313 (first key resistance). If broken, this opens the door toward the VPOC zone at 3328–3330, where a high-volume cluster awaits.
🔴 SELL Strategy: Short-Term Rejection Levels
Shorts only become favorable below the VPOC Sell Zone (3328–3330). If price closes above this area, bearish pressure is likely to fade, and bulls will dominate the next leg.
Sell Zone: 3328–3330
Stop Loss: 3335
Targets: 3324 → 3320 → 3315 → 3310 → 3305 → 3300
⚠️ Important: Selling inside a bullish breakout structure is high-risk unless the market gives clear rejection at major supply. Always wait for price action confirmation.
🕯️ Monthly Candle Insight (July Close)
Today marks the final trading day of July. Notably, the last two monthly candles have closed as Doji with long wicks, reflecting deep indecision and ongoing liquidity grabs. This aligns with the upcoming interest rate cut discussions at the next FOMC, which could ignite significant volatility.
📌 Summary:
Liquidity sweep at 3269–3271 is likely complete.
Price now retracing after strong bullish rebound from OBS Buy Zone.
Watch for confirmation above 3313, then 3328–3330 for breakout toward higher zones (335x–337x).
End-of-month close + macro narrative (FOMC) will be crucial to confirm direction.
💡 Pro Tip: Avoid entering late into reactive moves. Wait for retests of clean liquidity zones and use volume-based confluences to validate bias.
📲 Follow us @MMFlowTrading for real-time updates, macro analysis, and market structure insights on gold & major pairs.
Dual Counter-Trend Zone and Market Structure Shift- This chart highlights a dual counter-trend resistance zone formed by two overlapping CT trendlines (marked in the shaded purple region).
🟡 Yellow Cup – Marks the origin base of the structure (assumed starting shift).
🔴 Red Cup – Establishes a Lower Low Base, still within bearish control.
🟢 Green Cup – Forms a Higher Low Base, showing a market structure change supported by a noticeable volume surge.
- The dotted trendline drawn through the zone acts as a hidden resistance confluence
⚠️ Disclaimer:
This post is non-forecasting in nature. It is not a buy/sell recommendation or financial advice. The chart is shared purely for educational and structural analysis purposes.
Chola Fin. Formed Short Term BaseNSE:CHOLAFIN made a short-term base of 1168-1185 and is near its BO Levels of 1343.15 with RSI and MACD Trending Upwards.
About:
NSE:CHOLAFIN is one of India's premier diversified non-banking finance companies, engaged in providing vehicle finance, home loans and loans against property.
F&O Activity:
Significant Long Buildup With 1300 CE OI Significantly Decreased.
Trade Setup:
It looks like a good 1:1 Trade with the Recent Base as a Stop Loss for a Swing Trade after it Crosses Key Levels of 1343.15.
Target(Take Profit):
Around 1507 Levels for Swing & Positional Traders
Stop Loss:
The base of Channel 1168 for Positional Traders and Entry Candle Low for Swing Traders.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Gold Pulls Back as Expected, Long-Term Buying Opportunity Ahead🟡 XAUUSD 24/07 – Gold Pulls Back as Expected, Long-Term Buying Opportunity Ahead
🧭 Market Overview
Gold dropped sharply from the 343x area, exactly as anticipated, after breaking the rising channel on the H1 chart and starting to sweep liquidity zones below.
Key factors influencing price action today:
Global markets are awaiting the final outcome of US-EU-China tariff negotiations.
Focus now shifts to next week’s FOMC meeting, where talks of potential rate cuts are intensifying.
Tonight’s PMI and Jobless Claims from the US could introduce unexpected volatility.
📊 Technical Outlook
While the broader trend remains bullish on D1 and H4 timeframes, the short-term H1 chart shows a clear break in structure. Price is currently exploring key FVG zones and OBS levels below.
If these liquidity zones are fully filled, it could set up a highly attractive long-term BUY opportunity, especially as markets price in future Fed rate cuts.
🎯 Today’s Trading Strategy
📌 Short-Term SELL Opportunity
→ Look for early entries at resistance zones, but only with proper confirmation.
📌 Long-Term BUY Setup
→ Target strong technical confluences at deeper levels. Be patient — focus on clean RR setups, don’t rush into early longs.
🔎 Key Price Levels to Watch
🔺 Resistance Zones (Above):
3393 – 3404 – 3414 – 3420 – 3428
🔻 Support Zones (Below):
3375 – 3366 – 3352 – 3345 – 3330
🔽 Trade Scenarios
✅ BUY ZONE: 3352 – 3350
SL: 3345
TP: 3356 → 3360 → 3364 → 3370 → 3375 → 3380 → 3390 → 3400
🔻 SELL ZONE: 3414 – 3416
SL: 3420
TP: 3410 → 3406 → 3400 → 3395 → 3390 → 3380
⚠️ News Alert
Stay cautious with tonight’s US PMI and Jobless Claims releases — these could cause sharp spikes.
✔️ Use proper SL/TP
✔️ Avoid emotional trades
✔️ Let structure confirm before entries
📣 From MMF Team – Trade Smarter Together
If you find this analysis helpful and want more daily trading plans like this:
👉 Follow the MMF channel right here on TradingView — we deliver real, actionable market strategies, not just generic analysis.
🎯 Updated daily. Straight from the charts. Built for traders.
Elgi Equpiment - Pullback PlayNSE:ELGIEQUIP rose 13% today with heavy volumes near 52 52-week lows, making it a good candidate for a pullback trade with MACD getting Positive and Trending Up, if it can cross the falling trendline a Swing Towards 200 DSMA is Possible.
About:
Incorporated in 1960, NSE:ELGIEQUIP along with its subsidiaries, is manufacturing and supplying Air Compressors & Automotive equipment. It also provides related after-sales services it is the 6th largest air compressor manufacturer globally and the 2nd largest in India.
Trade Setup:
Trade will get activated after the trendline is crossed.
Target(Take Profit):
Around 200 DSMA or 620 Levels
Stop Loss:
Entry Candle Low for Swing Traders and Recent Swing Lows for Postional.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NIFTY Technical Breakdown – Rising Wedge Pattern🔻 NIFTY Technical Breakdown – Rising Wedge Pattern
The Nifty 50 has broken down from a rising wedge pattern on the daily timeframe, a bearish reversal formation that often signals distribution at the top.
📉 Key Observations:
Rising wedge breakdown after extended rally
RSI bearish divergence confirming weakness
MACD crossover turning negative
Volume gradually decreasing during the rise, indicating exhaustion
ADX flattening, showing weakening trend strength
📌 Support Levels to Watch:
23,783 – Key swing support
22,798 – Previous breakout zone
📌 Sectoral Rotation:
Defensive sectors like Pharma & FMCG are gaining strength
FII selling pressure, rising DXY, and global uncertainty continue to weigh on sentiment
⚠️ Outlook:
Caution warranted in the short term. Watch for sustained close below 24,900 for further downside confirmation. Macro and global cues to play a key role ahead.
💬 What’s your view on Nifty's near-term direction?
#Nifty50 #TechnicalAnalysis #RisingWedge #MarketOutlook #TradingView #ChartStudy #IndiaMarkets #BearishSetup #NiftyBreakdown #Puneet0130
Psychology Is 80% of Trading Success But Most Traders Ignore ItPsychology Is 80% of Trading Success – But Most Traders Ignore It
“Have you ever entered a perfect trade… and still lost?”
Right direction.
Clear technical setup.
Trend confirmation was there.
Yet you closed early.
Or held a losing trade too long.
Or jumped back in out of revenge after a loss.
It wasn’t your system’s fault.
It was your psychology.
💡 Most traders don’t fail because of bad analysis – they fail because of poor emotional control
Let’s walk through some common real-life situations every trader has experienced at least once:
🎯 1. You closed your trade early – afraid the market might reverse
Case study:
A trader entered a long position on XAUUSD at a support zone (2360), aiming for TP at 2375.
But when price reached 2366, he closed out early – afraid to “lose profits.”
The market later hit his original TP perfectly.
➡️ This is classic loss aversion – the fear of losing what you’ve already gained.
🎯 2. You refused to cut a loss – hoping the price would come back
Case study:
A trader shorted EURUSD expecting a pullback, but price broke resistance and continued up.
Instead of cutting the loss, he widened his stop loss, holding onto hope.
The result? A bigger loss than planned.
➡️ This is denial – a refusal to accept you’re wrong, leading to emotional attachment to the trade.
🎯 3. You increased your position size after a winning streak
Case study:
After two strong wins, a trader feels confident and increases position size on the next trade…
Even though the setup isn’t as strong.
That trade ends in a loss – wiping out earlier profits.
➡️ This is overconfidence bias – a dangerous psychological state after wins.
📊 Technical skills only account for 20% – the remaining 80% is mastering yourself
You might:
Understand price structure
Use advanced indicators
Follow a solid trading system
But if you:
Break your stop loss rules
Scale up recklessly
Enter trades impulsively
Then your edge vanishes.
Success becomes inconsistent.
🧠 5 Practical Ways to Strengthen Your Trading Psychology
✅ Keep a trading journal – especially track your emotions
Ask: “Did I follow my plan? Or was I trading to ‘feel better’?”
✅ Never change SL or TP mid-trade
Stick to your original plan. Discipline builds consistency.
✅ Use demo accounts to train discipline, not to prove profitability
Treat each demo trade as if real money is at stake.
✅ Set mandatory “cool-off” periods after consecutive losses
For example: 2 losses = no trades for 24 hours.
✅ Practice waiting – patience is your most underrated tool
Pro traders often wait days for a valid setup. That’s not inactivity – that’s control.
🔁 Trading is not a search for the perfect system – it’s a journey of mastering your own mind
A strategy with only 55% win rate can still be highly profitable
…if paired with discipline, risk management, and emotional control.
But…
A system with 70% accuracy can still blow your account
…if your psychology breaks down under pressure.
🎯 Final Thoughts:
The financial markets reward those who can control themselves – not just those who analyze well.
You don’t need to be smarter than others.
You don’t need to master 10 indicators.
But you must be able to stay calm, act rationally, and follow your rules.
Knowledge lets you see the opportunity – but psychology determines if you survive it.
Mastering Multi Time Frame Analysis | Swing and Intraday TradingWhether you're a price action trader or rely on indicators, mastering Multi Time Frame (MTF) Analysis can transform your swing and intraday trading decisions. In this video, I break down how to use MTF effectively to align your entries, spot fakeouts, and trade with higher conviction.
PIUSDT – Potential Long Setup from Ascending Channel Support (4HI’m watching PIUSDT closely as it approaches a significant confluence of technical levels on the 4-hour chart:
🔹 Key Highlights:
Ascending Channel Support: Price is testing the lower boundary of the channel (orange trendline).
Descending Trendline Resistance: Creating a wedge structure—breakout potential if momentum builds.
Bullish Structure: Clear rejection wicks and consolidation near support suggest accumulation.
✅ Trade Plan:
Entry Trigger: Confirmed breakout and close above the descending trendline.
Targets:
🥇 1st Target: 0.5650 (local resistance)
🥈 2nd Target: 0.6550 (major horizontal resistance)
Stop Loss: Below 0.4392 (breakdown invalidates the setup)
⚠️ Risk Management:
Always use proper position sizing and a disciplined stop loss. This setup is shared for educational purposes—do your own research before entering any trades.
Early Week Correction Ahead of Heavy News Flow GOLD PLAN – July 14 | Early Week Correction Ahead of Heavy News Flow
📰 Macro Context – Volatile Week Expected
Gold opened this week with a sharp correction, retracing after sweeping liquidity from the previous 2-week FVG zone. This early reaction reflects investor caution ahead of key tariff-related announcements due later this week.
In addition to geopolitical factors, the market is also bracing for major US economic data, including:
📊 CPI (Consumer Price Index)
📊 PPI (Producer Price Index)
📊 Unemployment Claims
📊 Retail Sales Figures
These events combined make this a high-volatility week with potentially strong directional moves in the second half.
📉 Technical Outlook – M30 Timeframe
Price has taken out minor liquidity above recent highs
Currently retracing over $15 from the top
Price is now trading below the intraday VPOC (around 3358) — suggesting potential bearish momentum
If momentum continues, gold may dip into key demand zones:
🎯 333x
🎯 Possibly lower into 332x
This could provide a healthy retracement before resuming the broader uptrend.
🧭 Trading Strategy
✅ BUY ZONE: 3331 – 3329
Stop-Loss: 3325
Take-Profits:
TP1: 3335
TP2: 3340
TP3: 3344
TP4: 3350
TP5: 3360 – 3370+
🔍 This zone aligns with prior support, potential liquidity traps, and EMAs on higher timeframes — high-probability area for bounce trades if volume confirms.
⚠️ SELL ZONE: 3393 – 3395
Stop-Loss: 3399
Take-Profits:
TP1: 3390
TP2: 3386
TP3: 3382
TP4: 3378
TP5: 3374 – 3370 – 3360
📉 Great for short-term scalps if price re-tests the zone and shows rejection signs, especially around key news events.
📊 Key Levels to Watch
🔺 Resistance Zones
3358
3368
3374
3394
🔻 Support Zones
3349
3340
3331
3318
⚠️ Execution Notes & Sentiment
🕰️ At the time of writing, gold is consolidating near the M30 VPOC with no clear break in either direction.
🧘 Stay patient and wait for clear confirmation from European session volume
🚫 Avoid FOMO trades — stick to structure
✅ Respect all SL/TP levels to protect your capital
This week’s volatility will reward discipline, not speed.
📌 Summary
Gold is currently in a short-term pullback after reaching previous liquidity zones.
There’s potential for a deeper dip early this week before macro news pushes price decisively.
📌 3331–3329 remains the primary BUY zone to watch if price shows bullish confirmation.
📌 3393–3395 remains the key SELL zone for potential short-term rejections.
🔍 What’s your view this week? Are you looking to buy the dip or short the bounce?
💬 Drop your thoughts in the comments — let’s discuss setups!
✅ If this helped you, hit that like & follow for more daily plans.
📩 Want private signals & deeper trade setups? DM to join our premium group.
Castrol: Lubricant Oil Giant's Ends Consolidation PhaseNSE:CASTROLIND : Lubricant Oil Giant's Consolidation Phase Offers Strategic Entry Opportunity
Looking at NSE:CASTROLIND chart on the Daily Timeframe, the stock presents a compelling technical setup after months of consolidation following a significant decline from its October 2024 highs.
Price Action Analysis:
NSE:CASTROLIND has been trading in a well-defined range between ₹190-195 support and ₹210-215 resistance since February 2025. The stock peaked around ₹245-250 in October 2024 before experiencing a sharp correction that bottomed out near ₹162 in January. Since then, it has established a solid base above the ₹190 level with multiple successful retests.
The recent price action shows the stock consolidating around ₹208-210, with the current price at ₹208.70 representing a modest gain of 5.66%. This positioning near the upper end of the trading range suggests potential for a breakout attempt.
Volume Analysis:
Volume patterns reveal interesting insights - the chart shows several volume spikes that coincided with key support tests and bounce attempts. The volume of 25.74M against a 20-day average suggests active participation, though not at extreme levels. The volume profile indicates accumulation phases during dips below ₹200, which is constructive for future upward movement.
Key Support and Resistance Levels:
Key support levels are clearly defined at ₹190-195, , which have held multiple times since February. Secondary support exists around ₹180-185. On the upside, immediate resistance sits at ₹210-215 , followed by the more significant ₹230-235 zone . A break above ₹215 would target the previous consolidation high around ₹245.
Technical Pattern:
The stock is forming a classic rectangular consolidation pattern, also known as a trading range. This pattern typically resolves with a breakout in the direction of the prior trend, though given the extended decline from October highs, a base-building scenario appears more likely. The multiple retests of support without breaking down suggest a strong institutional interest at lower levels.
Trade Setup:
Entry Strategy: Consider accumulating on dips toward ₹195-200 or on a confirmed breakout above ₹215 with volume confirmation.
Entry Levels: ₹195-200 (value entry) or ₹216+ (momentum entry)
Target 1: ₹225-230
Target 2: ₹240-245
Target 3: ₹255-260
Stop Loss: Below ₹185 for medium-term positions
Risk-Reward: Approximately 1:2.5 from current levels
Sectoral and Fundamental Backdrop:
The lubricants sector has been facing headwinds from the transition to electric vehicles and longer oil change intervals in modern engines. However, Castrol benefits from its strong brand presence, extensive distribution network, and exposure to industrial lubricants. The company's parent, BP, provides technological advantages and global synergies.
Recent quarterly results have shown resilience despite volume pressures, with the company maintaining healthy margins through premiumization strategies. The automotive sector's recovery post-pandemic and increased industrial activity should support volume growth, though EV adoption remains a long-term concern.
India's infrastructure development and manufacturing push under various government initiatives provide tailwinds for industrial lubricant demand. Currency stability and crude oil price moderation also support margin profiles for lubricant companies.
The stock's valuation appears reasonable after the correction, trading below historical averages, which makes it attractive for patient investors willing to ride through the transition phase in the automotive industry.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
One-Sided Broadening Pattern | Pure Price Action Storytelling🔹 White Line: Captures the expanding higher-high resistance zone — part of the broader one-sided broadening pattern. Each new high is breaching the prior, giving the top side its expanding identity.
🔹 Horizontal Zone (Red to Green Shift): What once acted as a strong supply zone now flipped to a demand zone — price has respected this region multiple times, marking its evolution.
🔹 Red Line: A clean Counter-Trendline (CT) containing multiple touches, recently broken.
🔹 Yellow Line: A hidden diagonal resistance — tight and respected — offering another layer of confluence.
🔹 Green Dotted Line: Subtle hidden support built over time — watch how the structure was reacting along this line.
🔹 Orange Line: Marks wick-based rejection from a recent swing — subtle but clear evidence of supply exhaustion on that specific level.
🧠 This chart is not about predictions — it's about how beautifully price respects structure when drawn with logic and precision. Just charting. Just behavior. Just price.
Is a Pullback Coming or Will the Bulls Continue?Gold Faces Resistance at 3300 – Is a Pullback Coming or Will the Bulls Continue?
Market Overview: USD Gains Pressure Gold as Trade Deals Unfold
Gold has been under pressure recently due to the strong recovery of the US dollar. Positive developments in global trade talks and agreements between major nations, including the US, have been a key driver for the USD, which in turn has weighed on gold.
US inflation data continues to show signs of easing, providing the Fed more room to hold off on rate hikes, strengthening the USD.
FOMC meeting minutes due this week will provide further insight into the Fed’s approach to interest rates.
With geopolitical tensions easing and trade deals stabilizing, the demand for safe-haven assets like gold is slightly reduced.
In the short-term, the market is testing crucial levels, and while gold remains bullish in the long run, the current market conditions suggest potential for a pullback before further upside.
Technical Analysis: Gold in a Range-Bound Market
Looking at the H1 timeframe, gold has formed a clear downward channel between 3360 and 3290, which could signal further corrective action if the price remains within this range. If gold fails to break above resistance at 3360, a dip to 3250 might occur, especially if the USD strength continues to put pressure on gold.
However, waiting for confirmation patterns before entering a trade is key. False breakouts can be a risk when price moves quickly through key levels without sustaining momentum.
Buy Bias in Short-Term with Caution on Bearish Moves
Given the current market structure, there is more room for buy opportunities than for selling at the moment. Watch out for a potential bounce back in the 3320-3325 region as gold might test these levels before continuing its rise. The rejection wick on yesterday's D1 candle shows that the sellers are losing control, and buying pressure is starting to build again.
In the M30 chart, there's a continuation pattern forming around the 16-14 zone, which could be an ideal place to enter a buy position if it holds.
Resistance and Support Levels:
Key Resistance Levels: 3302 – 3310 – 3324 – 3335 – 3361
Key Support Levels: 3275 – 3259 – 3248
Trading Strategy – Buy and Sell Zones
BUY ZONE:
3250 – 3248
Stop Loss: 3244
Take Profit: 3254 → 3258 → 3262 → 3266 → 3270 → 3280 → ????
SELL SCALP:
3303 – 3305
Stop Loss: 3310
Take Profit: 3298 → 3294 → 3290 → 3286 → 3280 → 3270 → 3260
SELL ZONE:
3334 – 3336
Stop Loss: 3340
Take Profit: 3330 → 3326 → 3320 → 3315 → 3310 → 3305 → 3300 → ????
Key Updates to Watch: FOMC and Trade Policy News
With FOMC minutes due and trade policy developments on the horizon, it’s crucial to stay alert for any shifts in market sentiment. Ensure you stick to TP/SL levels to protect your account from any unexpected volatility.






















