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Trend Analysis

Understanding Biocon’s Bullish Setup Through Elliott Wave & RSIBiocon Limited is showing signs of a long-term bullish trend, supported by Elliott Wave theory and RSI strength above 50. Its current price action above key moving averages reinforces the momentum. 📈 Understanding Biocon’s Bullish Setup Through Elliott Wave and RSI Biocon Limited, a prominent player in the biotechnology sector, is currently trading around ₹380.50. Technical analysis suggests that the stock is in the midst of a long-term bullish cycle, potentially targeting levels above ₹720. This projection is grounded in the principles of Elliott Wave Theory and supported by the Relative Strength Index (RSI) and moving average trends. 🔹 Elliott Wave Theory: Mapping Market Psychology Elliott Wave Theory is a powerful tool used to analyze market cycles and investor psychology. It posits that prices move in repetitive wave patterns—five waves in the direction of the main trend followed by three corrective waves. Wave 1 to 5: These represent the primary trend. In Biocon’s case, the current movement appears to be in the midst of this five-wave structure. Wave 3 is typically the strongest and longest, often driven by fundamental catalysts and broad market participation. Wave 5, which Biocon is believed to be entering or progressing through, often reflects the final push of bullish sentiment before a correction. Given the current price and technical setup, the projection toward ₹720+ aligns with the completion of this five-wave pattern. 🔹 RSI: Momentum Confirmation The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. A reading above 50 typically indicates bullish momentum. Since early 2024, Biocon’s RSI has consistently remained above the 50 mark, suggesting sustained buying interest and upward momentum. This RSI behavior supports the Elliott Wave interpretation, reinforcing the idea that the stock is in a strong uptrend. 🔹 Moving Averages: Trend Validation Moving averages help smooth out price data and confirm trends. Biocon’s price currently trades above both its: 50-day moving average (DMA): Indicates short- to mid-term bullishness. 100-day moving average (DMA): Suggests longer-term strength and investor confidence. Trading above these key levels often acts as a support zone, reducing downside risk and attracting trend-following investors. 📊 Conclusion: A Technically Sound Rally Biocon’s current technical landscape paints a compelling picture for long-term investors and swing traders: The Elliott Wave structure suggests a continued rally toward ₹720+. The RSI above 50 confirms bullish momentum. Trading above 50 DMA and 100 DMA validates the trend. While technical analysis offers valuable insights, investors should also consider fundamental developments and broader market conditions before making decisions.
NSE:BIOCONLong
by NANARKAR
Aster DM Healthcare Ltd – Head & Shoulders Pattern with Doji at Aster DM Healthcare is currently forming a Head & Shoulders pattern, indicating potential short-term distribution after a strong uptrend. The right shoulder has developed with a Doji candle near support — suggesting indecision and possible reversal or continuation depending on the next few sessions. The stock is hovering around its golden zone (₹640–₹660) — a critical area to watch for either a bounce or a breakdown. Sustaining above this zone can lead to recovery, while failure to hold it could push prices back to the lower support zone. 🎯 Key Levels: CMP: ₹688.65 (+1.50%) Pattern: Head & Shoulders Doji Zone: ₹685 – ₹700 Golden Zone: ₹640 – ₹660 (key retracement area) Major Support: ₹580 – ₹600 📊 Technical View: Head & Shoulders structure forming after a sharp rally. Doji candle shows hesitation near the neckline zone — watch next candle for confirmation. 20 EMA acting as dynamic support; breakdown below it can accelerate selling. Volume contraction indicates reduced momentum — possible retest ahead. 🧠 View: Aster DM is at a key decision point. A daily close above ₹700 could invalidate the bearish setup and trigger recovery, while a breakdown below ₹660 may lead to a slide toward ₹600. The Doji formation adds to the significance of the next move.
NSE:ASTERDMLong
by yatharthshah23
1
Protean eGov Technologies Ltd – Gap Fill Setup (Daily Chart)Protean eGov Technologies is showing early signs of base formation after a prolonged downtrend. The price is currently consolidating near the ₹850–₹880 zone, forming a potential accumulation structure that could lead to a gap-fill rally in the short to medium term. The chart highlights two major unfilled gaps — a midway gap and a main gap — both acting as key upside targets once the current range breakout confirms. 🎯 Key Levels: CMP: ₹866.80 (+2.25%) Entry Zone: ₹850 – ₹880 Midway Gap Target: ₹1,100 – ₹1,150 Main Gap Target: ₹1,280 – ₹1,350 Stop-Loss: ₹820 (on daily close basis) 📊 Technical View: Price consolidating after a steep decline — forming a base near support zone. Volume spikes during accumulation suggest smart buying interest. Breakout above ₹880–₹900 could trigger a gap-fill move toward ₹1,100+. Short-term EMAs are flattening, indicating the downtrend might be losing momentum. 🧠 View: Sustaining above ₹880 could confirm the beginning of a recovery phase. Watch for a breakout with volume to target ₹1,100 first (midway gap), followed by ₹1,300+ (main gap fill).
NSE:PROTEANLong
by yatharthshah23
Thangamayil (M): Strongly Bullish, Blue-Sky BreakoutThis is a high-conviction breakout. The stock has broken out of a year-long consolidation base, created a new all-time high, and is supported by explosive volume and powerful fundamental results. 📈 1. The Long-Term Context (The "Big Picture") - Logarithmic View: On a long-term logarithmic chart, this move is a continuation of a major uptrend. - The Consolidation: After hitting its previous All-Time High (ATH) in October 2024, at ₹2,567.50, the stock entered a year-long sideways consolidation. - Drying Volume: During this phase, volume "dried up," which is a classic bullish sign of seller exhaustion and accumulation by new buyers. 🚀 2. The Decisive Breakout (The November 2025 Event) - The Surge: In the first week of November 2025, the stock shattered this consolidation with a massive +40.17% surge. - High-Conviction Volume: This move was backed by exceptional, non-speculative volume of 3.67 Million shares, confirming strong institutional interest. - New ATH: This surge pushed the stock into "price discovery" mode, creating a new all-time high. 📊 3. The Fundamental Catalyst (Why it's Breaking Out) This powerful technical breakout is fully supported by blowout fundamental news, which gives the move high validity: - Massive Profit: The company reported a sharp Q2 profit turnaround (from a net loss last year to a ₹58.5 Cr net profit). - Record Sales: The company also announced record-breaking sales in October , crossing the ₹1,000 Cr mark for the first time in a single month. 🎯 4. Future Scenarios & Key Levels - Bullish Indicators: The short-term EMAs are in a PCO state and the RSI is rising , confirming the momentum is strong and on the side of the buyers. 🐂 The Bullish Case (Price Discovery) - Trigger: If this momentum is sustained, the stock is in "blue-sky" territory with no overhead resistance. - Target: Projected target of ₹4,150 is a logical next-level based on technical extensions. 🐻 The Pullback Case (Support Test) - Trigger: If the momentum pauses or a pullback occurs (which is healthy after a 40% surge). - Support: The most critical level to watch is the old resistance-turned-support zone at ₹2,560 - ₹2,570 . A re-test and "bounce" off this level would be a textbook confirmation of the new support and an ideal entry point for those who missed the initial breakout.
NSE:THANGAMAYLLong
by Learn_with_Pth0mas
Bitcoin Bybit chart analysis November 4Hello It's a Bitcoin Guide. If you "follow" You can receive real-time movement paths and comment notifications on major sections. If my analysis was helpful, Please click the booster button at the bottom. This is the Bitcoin 30-minute chart. The Nasdaq indicators will be released shortly at noon. Due to the end of Daylight Savings Time, we need to move back an hour from the previous chart. Based on the pattern, the weekly chart reached the Bollinger Band support line, which is a major support line. However, there's also pressure from the MACD dead cross on the monthly chart, and the possibility of a Nasdaq coupling appears high during a decline. So, I developed today's strategy centered on the Nasdaq's lower gap retracement. *When the red finger moves, this is a conditional long position strategy. 1. Confirm that the purple finger touches the first section (autonomous short). $103,375.7 long position entry point / stop loss if the light blue support line is broken. 2. $108,010.4 long position primary target -> Target prices are set at Top, then Good in that order. If the strategy is successful, 106.8K will be the point where you can re-enter a long position. If the price falls immediately without touching the first point at the top, then the second point is the final long position. The second point is a double bottom based on the low of this uptrend. Based on the lower tail, the price is open from the bottom to 98.5K. It would be wise to prepare for a failure of the Nasdaq decline and rebound. Please use my analysis to this point for reference only. I hope you operate safely, with a strict trading strategy and stop-loss orders. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Option Trading: Basic UnderstandingHow Options Work Each option represents a contract between a buyer and a seller. The buyer pays a premium to the seller (also called the writer) in exchange for certain rights: The call option buyer has the right to buy the asset at the strike price. The put option buyer has the right to sell the asset at the strike price. If the market moves in favor of the buyer, they can exercise the option to make a profit. If the market moves against them, they can simply let the option expire, losing only the premium paid. Example: Suppose a trader buys a call option on ABC Ltd. with a strike price of ₹100, expiring in one month, for a premium of ₹5. If ABC’s price rises to ₹120, the trader can buy the stock at ₹100 and sell it at ₹120, making ₹20 profit minus the ₹5 premium = ₹15 net profit. If ABC’s price stays below ₹100, the trader will let the option expire and lose only the ₹5 premium. This limited loss and unlimited profit potential make call options attractive for bullish traders.
SP:SPXEducation
by SkyTradingZone
2
PCR Trading Strategies Common Option Strategies Options can be combined in multiple ways to design strategies for any market condition: Covered Call: Selling a call option against owned shares to earn premium income. Protective Put: Buying a put to hedge against potential downside on owned shares. Straddle: Buying both a call and put at the same strike and expiration to profit from volatility. Strangle: Similar to a straddle but with different strike prices. Iron Condor: A complex strategy selling two OTM options (one call, one put) and buying two further OTM options for limited risk and profit. Butterfly Spread: Combines multiple options to profit from minimal price movement. Each strategy balances risk, reward, and probability differently.
Education
by SkyTradingZone
Elliott Wave Analysis – XAUUSD (Nov 05, 2025) 🔹 Momentum D1 timeframe: Daily momentum has reversed to the downside, suggesting that the dominant trend for the next 4–5 days is likely to be bearish. H4 timeframe: H4 momentum is currently turning upward, indicating a potential short-term bullish correction lasting 4–5 H4 candles. However, since price action is within a corrective wave, short-term momentum signals can be noisy. Still, this minor rally can provide valuable observation opportunities. H1 timeframe: H1 momentum is now in the overbought zone and about to turn down. I usually take entries when H1 and H4 momentum align, but right now they are out of phase, so the best move is to wait and observe. The 3891 level will be a key area to monitor in the short term. ________________________________________ 🔹 Wave Structure D1 timeframe: The corrective wave X (purple) within wave (4) (yellow) appears to be forming or nearing completion. The downside reversal on D1 suggests that wave X might have already ended, and price could now be starting wave Y downward. A break below 3892 would confirm that wave X is complete. However, note that this X-wave retracement is quite shallow (around 0.283 of the previous W-wave), which reduces the reliability of the momentum signal — meaning we must stay cautious and monitor closely. ________________________________________ H4 timeframe: On H4, the structure of wave X (purple) shows signs of a contracting triangle, anchored around the 4028 resistance zone with higher lows. In this scenario, an a–b–c correction is expected, where wave b forms the triangle, and wave c could rise toward 4050–4149 to complete the X-wave. However, the strong drop yesterday is weakening this scenario, though not invalidated yet. → The bullish scenario would be fully invalidated if price breaks below 3892. Thus, we must monitor two possible cases: 1. Case 1: Wave X is still in progress – supported by the current H4 momentum upswing. If price breaks above 4028 when H4 momentum reaches overbought, it will strengthen this view. 2. Case 2: Wave X has already completed as a triangle (abcde) shown on H1. In this case, the ongoing H4 rally is just a corrective bounce, and once H4 momentum enters overbought and price fails to close above 4028, a new bearish leg is likely to start. ________________________________________ H1 timeframe: The corrective X-wave (purple) seems to have completed as a triangle (abcde, black). That means the market is now likely in wave Y (purple) on D1, where the main trend is bearish, and any upmove is only corrective. Hence, the 3981 liquidity zone above is considered a high-probability sell area. ________________________________________ 🔹 Trading Plan • Sell Zone: 3981 – 3983 • Stop Loss: 4002 • Take Profit 1: 3892 • Take Profit 2: 3814 ⚠️ Note: Current volatility is extremely high — each H1 candle covers more than 200 pips. Therefore, the stop loss range is wide. 👉 To manage risk effectively: • Either avoid trading during this phase, or • Reduce position size to keep account safety intact.
OANDA:XAUUSDShort
by WavePoint_FX
poclStrong long-term uptrend still intact. Minor pullback (-12.9 %) is likely a normal consolidation. RS 90 and EPS Growth +45 % = leadership stock in current cycle. Volume pattern confirms accumulation, not distribution. New breakout possible if price clears ₹1,500 with volume > 1 M shares. Stop-loss for traders could be near ₹1,200 (8 – 9 % below current). Long-term investors may trail stops below ₹1,000 support. Fundamental backdrop (lead recycling, green metals) supports trend continuation. No red technical divergences visible yet. Overall rating: Bullish / Strong Uptrend Continuation candidate
NSE:POCL
by kpintu851
Gold daily analysisintermediate 5 th wave completed rounded black numbers.Primary 3 wave also completed and now 4 th wave pull back is going on.it has not retraced 23.6 percent as of now.this rounded 3 rd wave red colour is extended one.primary 2 nd wave had retraced 50 percent of 1 st wave. we are waiting for completeion of the red colour 4 th wave .When 3 rd wave is extended it can jump after retracing even 23.6 percent. not sure of it.how it unflods.Daily chart. Follow me to get updates. Like this post if it helps you
WHSELFINVEST:GOLD
by bijoy2526
Bullish Fibonacci Retracement Setup📈 Bullish Fibonacci Retracement Setup Intro The chart illustrates a classic Bullish Fibonacci Retracement structure — highlighting key swing points, retracement levels, and potential continuation zones. Price action shows a healthy pullback within a larger uptrend, suggesting accumulation before a possible breakout move. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ 🟩 Chart Overview • Point A → Represents the Swing Low , marking the starting point of the current upward move. • Point B → Denotes the Swing High , where price faced resistance before retracing. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ 📊 Key Fibonacci Levels 1️⃣ Validation Line (78.60%) — Entry is confirmed when any two consecutive candles close above this level, signaling a strong breakout and bullish continuation. 2️⃣ Minimum Retracement (61.80%) — This level has been achieved, and two candles have successfully closed below it, confirming a valid retracement phase within the Fibonacci structure. 3️⃣ Devalidation Line (38.20%) — If any two candles close below this level, the Fibonacci setup becomes invalid. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ 🎯 Trail Levels Trail Levels → • Stop-loss will trail two levels below the current active level. • Each target level is confirmed only when two consecutive candles close above it successfully . ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ ✅ Summary • Price is retracing within a strong bullish trend. • A close above the 78.6% Validation Line confirms continuation. • Structure remains valid as long as price holds above the 38.2% Devalidation Line. • Trail progressively with momentum as higher targets activate. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ ⚠️ Disclaimer: 📘 For educational purposes only. 🙅 Not SEBI registered. ❌ Not a buy/sell recommendation. 🧠 Purely a learning resource. 📊 Not Financial Advice.
OANDA:XAUUSDEducation
by MarketAlgoBot
The Power of Divergence in TradingParticipants in the Options Market There are four main types of market participants, each with different motivations: Buyers of Call Options: Expect the asset price to rise. Sellers (Writers) of Call Options: Expect the asset price to remain stable or fall. Buyers of Put Options: Expect the asset price to decline. Sellers (Writers) of Put Options: Expect the asset price to remain stable or rise. Each side of the trade involves a buyer and a seller, and each carries distinct risks and rewards.
Education
by SkyTradingZone
2
Part 1 Master Candle Stick Pattern How Options Work Each option represents a contract between a buyer and a seller. The buyer pays a premium to the seller (also called the writer) in exchange for certain rights: The call option buyer has the right to buy the asset at the strike price. The put option buyer has the right to sell the asset at the strike price. If the market moves in favor of the buyer, they can exercise the option to make a profit. If the market moves against them, they can simply let the option expire, losing only the premium paid.
FX:XAUUSDEducation
by SkyTradingZone
Part 2 Intraday Master ClassKey Concepts and Terminology Before understanding how option trading works, it’s important to grasp some basic terms: Call Option: Gives the holder the right to buy an asset at a specific price (called the strike price) before a set date. Put Option: Gives the holder the right to sell an asset at a specific strike price before a set date. Strike Price: The predetermined price at which the underlying asset can be bought or sold. Premium: The price paid to purchase an option contract. It represents the cost of owning the right to buy or sell. Expiration Date: The date on which the option contract expires. After this date, the option becomes void. In-the-Money (ITM): When exercising the option would result in a profit. Out-of-the-Money (OTM): When exercising the option would not be profitable. At-the-Money (ATM): When the asset’s market price is equal (or nearly equal) to the strike price. Underlying Asset: The financial instrument on which the option is based—commonly a stock, index, or commodity.
NASDAQ:TSLAEducation
by SkyTradingZone
StevenTrading – XAUUSD Strategy for Gold in an Upward ChannelStevenTrading – XAUUSD Strategy for Gold in an Upward Channel Hello everyone, StevenTrading is back with today's gold insights – a deeper analysis of price behaviour as global capital flows are undergoing significant shifts. The latest data shows that gold investment funds recorded a net outflow of -7.5 billion USD last week as investors took profits after a historic rise. Notably, the previous week saw an inflow of +8.5 billion USD, reflecting the extreme volatility of capital flows. In the last 4 months, gold funds have still attracted a total of +59 billion USD, indicating that institutional money maintains a positive trend, despite short-term adjustments. 📰 Fundamental Analysis – Market Perspective The main driver keeping gold strong is the rotation of capital between assets amid abundant global liquidity. With persistent inflation and central banks maintaining a cautious stance, investors tend to take temporary profits but still keep a portion of gold in their portfolios. Short-term selling pressure is thus merely a phase of re-accumulation, not a signal of trend reversal. As long as global liquidity is not tightened, gold will maintain its upward momentum in the medium to long term. 📊 Technical Analysis – Trading Strategy in the Price Channel On the chart, gold continues to move within an upward price channel, with no signs of breaking the structure. Currently, the price fluctuates within the 396x – 404x range, indicating a temporary equilibrium state. The market respects the upper and lower boundaries of the price channel, creating opportunities for short-term trades at the boundaries while awaiting clear breakout signals. Main mindset: As long as the price holds the upward channel structure, prioritize Buying at the lower trendline and short Selling at resistance areas, waiting for confirmation signals to enter trades. 🎯 Trading Scenarios (Action Plan) 🔴 Sell Scenario – When the price fails at resistance: If the price slightly breaks the resistance and then reverses, a sell setup will be activated. Entry: Sell 3978 after confirming price rejection. SL: 3985 TP: 3962 – 3946 – 3922 🟢 Buy Scenario – Buy when the price bounces from the trendline: If the price adjusts to touch the upward trendline and bounces strongly, this is the area for trend-following entries. Entry: Buy 3993 after confirming trendline reaction. SL: 3985 TP: 4010 – 4048 – 4103 📌 Steven's Notes The overall structure still leans towards an uptrend, but the market is in a liquidity hunting phase, suitable for short-term and flexible trading. Maintain discipline, only enter trades in clearly confirmed areas, and always manage risk tightly. This week's success comes from patience and precision in every entry.
OANDA:XAUUSDShort
by Steven-GoldTrading
IGL 1 Day Time Frame 🔍 Current Price Latest quoted price is ~ ₹ 212.33. Previous close ~ ₹ 211.16. The stock is trading above its 50-day, 100-day & 200-day moving averages (e.g., ~₹ 212.92 for 50-day) which suggests the medium-term trend remains intact. 📏 Key Pivot / Support & Resistance Levels (Daily) Based on recent technical data the following levels are of interest: Pivot / central range Daily pivot point (approx): ~ ₹ 213.32. Another source gives pivot ~ ₹ 211.14. Support levels Support 1 (S1): ~ ₹ 209.79 – ₹ 210.00. Support 2 (S2): ~ ₹ 207.64. Support 3 (S3): ~ ₹ 206.29. Resistance levels Resistance 1 (R1): ~ ₹ 213.29 – ₹ 213.50. Resistance 2 (R2): ~ ₹ 214.64 – ₹ 215.00. Resistance 3 (R3): ~ ₹ 216.79.
NSE:IGLLong
by Knowledgehub