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Wipro: Covid Trendline + 200W MA Enough for Breakout?After topping at ₹369.90 in 2021, Wipro corrected for nearly three years through a W–X–Y structure. The decline finally found support around ₹187.52 along the Covid-low trendline, where a fresh impulsive-looking rally started. The first leg from that low advanced in five waves, peaking near ₹320. What followed was an expanded flat correction — Wave B overshot the prior high at ₹320, and Wave C terminated at ₹228. This aligns well with the textbook characteristics of an expanded flat. That ₹228 level now stands as the key support and invalidation marker . Price has since rebounded, and the structure suggests the early stages of Wave C/3 . Support / SL: ₹228 (below this, the bullish count breaks down) Target zone: Above ₹320, with potential to extend further if momentum builds Technical confluence: Covid-low trendline support + 200-week MA + completed corrective structure + impulsive rally foundation The setup looks constructive, but confirmation comes only with sustained strength above 271–289 . Until then, keep alternate counts in mind. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:WIPROLong
by WaveXplorer
NIFTY at MAKE or BREAK level AGAIN!!! **NIFTY Update** As expected, NIFTY continued its bearish stride and has now finally parked itself at a key demand zone. **Why this level matters (24,500):** - It’s not just a number — it’s a psychological level. - It’s also a crucial demand zone on both daily and weekly timeframes. - This zone has been tested multiple times, which makes it weaker with every hit. **What to watch out for:** - Ideally, NIFTY should reverse or at least show signs of a reversal from this level. - But if it fails to hold and sustains below 24,500: - Panic can trigger quickly. - A sharp 500+ point slide is highly possible. - There aren’t any strong supports immediately below this mark. **Trading takeaway:** This is a make-or-break zone. Be smart with your positioning and plan trades with precision and discipline. ---
NSE:NIFTY
by Wealthcam
Nifty Intraday Analysis for 28th August 2025NSE:NIFTY Index has resistance near 24900 – 24950 range and if index crosses and sustains above this level then may reach near 25100 – 25150 range. Nifty has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24350 – 24300 range. Volatility expected due to expiry of the August’25 Monthly F&O Contracts and impact of imposition of additional 25% tariff or any new development on the matter.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 28th August 2025NSE:BANKNIFTY Index has resistance near 54900 – 55000 range and if index crosses and sustains above this level then may reach near 55400– 55500 range. Banknifty has immediate support near 54000 - 53900 range and if this support is broken then index may tank near 53500 - 53400 range. Volatility expected due to expiry of the August’25 Monthly F&O Contracts and impact of imposition of additional 25% tariff or any new development on the matter.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 28th August 2025NSE:CNXFINANCE Index has resistance near 26100 - 26150 range and if index crosses and sustains above this level then may reach near 26325 - 26375 range. Finnifty has immediate support near 25750 – 25700 range and if this support is broken then index may tank near 25500 – 25450 range. Volatility expected due to expiry of the August’25 Monthly F&O Contracts and impact of imposition of additional 25% tariff or any new development on the matter.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 28th August 2025NSE:NIFTY_MID_SELECT Index has immediate resistance near 12775 – 12800 range and if index crosses and sustains above this level then may reach 12925 – 12950 range. Midnifty has immediate support near 12575 – 12550 range and if this support is broken then index may tank near 12450 – 12425 range. Volatility expected due to expiry of the August’25 Monthly F&O Contracts and impact of imposition of additional 25% tariff or any new development on the matter.
NSE:NIFTY_MID_SELECT
by RKMAURYA
WE are heading towards next important SUPPORT!!? OR??As we can see NIFTY fell unidirectionally as soon as it broke 24860 levels exactly as analysed in our previous post. Further, we can see NIFTY has also filled its pending gap. Now that the gap has been filled, any flat to slight weak opening around 24600-24650 levels can show sharp RECOVERY but if it fails to take SUPPORT then we may see another fall towards 24500 levels which is both a psycholoical level and important SUPPORT. SInce this psychological level has not been tested much, so we can expect RECOVERY BUTTTT if it FAILS to take SUPPORT at this level then we may see a MAYHEM or another BLOODBATH below this level so keep watching everyone and plan your trades accordingly.
NSE:NIFTY
by Wealthcam
XAUUSD – Medium-Term Trading ScenarioXAUUSD – Medium-Term Trading Scenario Hello traders, Gold is moving into the final stage of its flag pattern. Medium-term traders are now waiting for a clear breakout confirmation, as that will set the direction for the next medium- to long-term opportunities. Once price confirms the break, the strategy is to enter immediately in the direction of the move. Meanwhile, short-term and day traders continue to trade within the flag, looking for scalping opportunities. From my perspective, the probability of gold breaking to the upside and continuing the main bullish trend is fairly high after such a long consolidation. To optimise entries, buying near the lower boundary of the trendline makes sense, with stop-losses placed immediately if the pattern breaks down. The key area to watch is Fibonacci retracement 0.5 at 3354, which acts as both dynamic and static support, as well as a strong Fibonacci level. This zone offers a reliable long-term buy opportunity. Another potential early buy entry sits around 3372, where the previous candle showed strong bullish momentum. Positions here can be taken with tighter stops placed just below the nearest support. This bullish scenario would only fail if price breaks below the lower trendline and closes firmly underneath it, which would confirm a reversal. Wishing you success with this setup. If you share the same outlook, leave your thoughts in the comments so we can exchange ideas.
OANDA:XAUUSDLong
by BrianLionCapital
2
Gold about To Fly! ATH soon!Gold has been In Consolidation for past 5 Months. 4 occasions when it had settled near 3300. It's about time for Gold to take Shorts For Cleaners? This time around it's about to Settle near 3400. 3420 3440 will be Crucial for Bears to Defend if they wish to hold grip over this Consolidation. Longs will get aggressive above 3440 3450 Targeting 3550 3750 😲 A prolonged consolidation could continue in case 3420 shows Profit Booking For time Being 3375 3350 looks like providing support. If it continues to Hold then it may build the Bull Case
FOREXCOM:XAUUSDLong
by DrAnandM
Midnifty Intraday Analysis for 26th August 2025NSE:NIFTY_MID_SELECT Index has immediate resistance near 13075 – 13100 range and if index crosses and sustains above this level then may reach 13225 – 13250 range. Midnifty has immediate support near 12825 – 12800 range and if this support is broken then index may tank near 12675 – 12650 range. Profit booking expected before implementation date (27th August 2025, Market closed) of additional 25% tariff if no positive news surfaces.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Bearish Setup on BCH/USDOverview: The market conditions and price action are currently indicating a bearish trend for BCH/USD. Below is the detailed breakdown of the trade setup and why this position is logical: Market Structure: The price is in a downward trend, confirmed by the lower highs and lower lows visible on the chart. A break below key support levels, along with the current price action, suggests that the bearish move is likely to continue. Entry Level: Entry = 580.53: The entry has been strategically placed below a key resistance level, which is also near the recent high. This confirms that a breakdown is happening, setting the stage for further downward movement. We are entering at a point where the price has shown weakness and failed to continue its upward movement, which typically signals a potential continuation to the downside. Stop Loss (SL): Stop Loss = 601.45: The stop loss has been placed above a previous swing high, ensuring that the trade will only be invalidated if the price reverses above this level, thus protecting us from a false breakout. The chosen level ensures the risk is kept under control while still allowing for reasonable price fluctuations within the trend. Take Profit (TP): Target = 535.76: The target is set based on recent price action, aligning with previous support levels. This level is where the price is expected to find potential support before making any reversal. The risk-to-reward ratio here is favorable, with a potential reward much higher than the initial risk, making the setup an attractive swing trade opportunity. Trend Confirmation: The price is below the 50-period and 200-period EMAs, indicating that the overall trend is bearish. The trendline at the bottom, which slopes upward, serves as an additional support that the price is expected to break below before confirming the bearish move. Volume: Volume analysis indicates increasing selling pressure, supporting the bearish narrative. A breakout with higher volume confirms the strength of the downtrend, reducing the chances of a fakeout. Conclusion: The overall market structure, confirmed by the price action, trend, and volume analysis, suggests that the market is likely to move lower. With a favorable risk-to-reward ratio, this setup is logical and worth considering for those looking to enter a short position on BCH/USD.
DELTAIN:BCHUSD.PShort
by Crystal_0404
Gold Scenario – Tracking the Medium-Term UptrendGold Scenario – Tracking the Medium-Term Uptrend Hello traders, Gold continues to follow the expected scenario. Price reacted at the Fibonacci 1.618 resistance, effectively completing the liquidity test. At present, the 3368 zone is a good area to look for buying opportunities. The previous Elliott cycle has already completed its ABC waves, and gold now appears to be forming a new Elliott structure. Currently, price is likely in wave 3 of the uptrend, reacting at the H4 descending trendline with a mild pullback, before completing wave 5 with a breakout move from the channel and confirming the flag pattern on H4. Strategy: Buy around 3368 with a strict stop-loss just below the previous swing low. Target: 3410 is a reasonable profit level. After that, expect wave 4 to form and look for short opportunities from there. The MACD remains supportive, trading above its average levels and confirming bullish momentum. At this stage, it’s all about timing entries correctly. This is my personal outlook on gold in the short to medium term. Use it as reference and don’t forget to share your views in the comments so we can learn from each other.
OANDA:XAUUSDLong
by BrianLionCapital
2
Bitcoin Trend Reversal – Elliott Wave in PlayBitcoin Trend Reversal – Elliott Wave in Play Hello traders, Today we look at a fresh scenario for BTC as price has broken decisively below a major support zone, showing clear short-side strength. This could mark the beginning of a medium-term downtrend, signalling a shift in market structure. The 112k level has been fully taken out after two strong rejections earlier, and now the market looks ready to seek lower levels, potentially targeting 97k–98k based on Fibonacci Extension. From an Elliott Wave perspective, BTC is currently in wave 3 of the down cycle, and has not yet reached the reaction point for wave 4. I expect the 105k zone to act as support for this leg down. From there, price could bounce into wave 4 before completing wave 5 lower towards 97k, or even 95k. This would provide a solid area to plan medium-term long entries afterwards. The MACD also supports the bearish view, with both volume and moving averages trending below, signalling strong downside momentum. I’ve marked the key price levels on the chart for clarity. Please use this scenario as reference and manage risk carefully with your trades. What’s your outlook for BTC here? Share your thoughts in the comments so we can discuss together.
BINANCE:BTCUSDShort
by BrianLionCapital
Bitcoin – Trading Plan Update Bitcoin – Trading Plan Update Hello traders, The BTC scenario has played out well, with price reacting strongly at 110.4k and bouncing higher. This level has cleared much of the short-side liquidity, while the H4 candle could not close below the 111.8k support. As a result, long entries around 110k can still be expected to target higher levels, at least towards 115.5k. The primary focus remains on the long side as long as price does not confirm a sustained bearish move. Long positions will remain valid until price breaks decisively below 110k. For traders who already closed longs or missed the earlier entry, wait for a retest of the FVG zone near 111.5k. If price reacts higher, fresh longs around 113k can be considered. Short-term selling opportunities may also appear near 115.5k and 117.2k, where price could face resistance. My BTC strategies are still aligning well with current price action. That said, this is my personal outlook based on my trading method. Please trade responsibly, stick to your own plan, and manage risk carefully. What’s your view on BTC right now? Share your thoughts in the comments below.
BINANCE:BTCUSDLong
by BrianLionCapital
Gold – Weekly Opening Update Gold – Weekly Opening Update Hello traders, Gold is holding firm after last week’s strong rally. As mentioned in my earlier analysis, gold has completed an ABC Elliott Wave structure beautifully, with wave C pushing higher and meeting the original target perfectly. As the new week begins, the market has opened quietly, with price consolidating around 3368. At this stage, gold is in an accumulation phase, and traders are waiting for a clear confirmation before taking fresh positions. Gold has formed a minor resistance at 3359. If price breaks below this level, it could act as a short-term sell confirmation, with possible entries around 3366. On the other hand, if gold holds steady or breaks above last week’s resistance high, the bias will shift to long-term buying opportunities. Even if a sell plays out after breaking 3359, the next strong buy zone sits around 3345, aligned with the ascending trendline. Since price is still within the flag pattern, trading is expected to remain focused on the market’s major liquidity zones. On the D1 chart, the structure continues to favour the upside bias. Any selling setups should be kept to short scalping plays for better risk control and higher accuracy. This is my personal outlook for Monday’s session. Trade carefully and manage your account with discipline. What’s your view on gold to start the week? Share your thoughts in the comments so we can learn together
OANDA:XAUUSDLong
by BrianLionCapital