Newly Hot coin in Binance SOMI USDT is about to fall !!!!Based on the visual analysis, the asset is currently exhibiting a consolidation pattern within the defined price range of 1.9 to 1.3. This prolonged sideways movement suggests a potential breakdown scenario, aligning with the principles of zone range reversal correction. Should bearish momentum intensify, a downward move may materialize in the near term.
This observation is purely for analytical purposes and does not constitute financial advice.
Crypto Piner
Trend Lines
Elgi Rubber Company cmp 82.54 by Weekly Chart viewElgi Rubber Company cmp 82.54 by Weekly Chart view
- Support Zone 43.50 to 48.50 price Band
- Resistance Zone 85.50 to 92.50 price Band
- Price actively reversed from 4 years long past old Support Zone
- Heavy Volumes surged over the last week by demand based buying
- Falling Resistance Trendline Breakout sustained by bullish momentum
- Common Technical Indicators BB, EMA, MACD, RSI are trending positively
Bitcoin Confirms Downtrend – Short Setup ActivatedBitcoin Confirms Downtrend – Short Setup Activated
Hello traders,
BTC is showing clear bearish momentum as it has broken below a key support level and also dropped out of the rising channel. With price now trading steadily under this zone, the downtrend is confirmed.
The strategy from here is to wait for a pullback and then enter a short. The 111k level looks like a strong entry zone, as price could retest the broken channel and form a clean Dow structure for the next leg lower.
Short setup: Entry around 111k, with a target at 105k.
Buy opportunity (short-term): Around 105k, traders can also look for a quick Long to capture a reaction move as liquidity is taken and to offset any trapped sell positions.
The primary view in the medium term remains bearish.
This is my outlook on BTC for the sessions ahead. Take it as reference and adjust your trading plan to fit your own strategy.
“Multi-Year Rally in the Making – Route Mobile”My Technical View:
---Double-bottom pattern identified – strong reversal signal.
---Long-term trendline breakout in progress, setting the stage for a huge upside rally.
Upside Targets:
🎯 Target 1: +30% Upside
🎯 Target 2: +66% Upside
🎯 Target 3: 100%+ Upside
Key Growth Catalysts:
1) Global Expansion – Integration with CPaaS major Kaleyra, giving presence in 100+ countries and Tier-1 clients.
2) Strong Backing – Supported by Proximus Group (Belgium), enhancing credibility & global scale.
3) Tech Edge – Partnership with Nokia for secure, carrier-grade CPaaS solutions worldwide.
New Business Wins (Driving Revenue & Margins):
1) IRCTC – Enterprise communication.
2) L&T Metro – Smart ticketing.
3) Nagpur / Hyderabad / Pune Metros – Digital ticketing solutions.
4) Google RCS – Advanced messaging platform.
High risk and reward buying opportunity in BTCBTC selling has gone slow and showing indication or reversal at both HTF H4 and LTF 15m. The may generate a good high risk and reward scenario.
Below are variables support it.
1. Almost a day long consolidation is going on. And BTC is moving in very small range at 4H support level.
2. 4H candles have made few rejection candles.
3. 15m trend line created a green box (fake out) scenario.
4. Price may hit 15m FVG or swing low just below FVG and more upside.
5. RSI has already developed divergence in 15m.
6. We may have another opportunity once price breaks next resistance and pulls back to breakout levels.
P.S. – This is just analysis not any recommendation for trade. Feel to comment and raise your query.
Nifty Intraday Analysis for 29th August 2025NSE:NIFTY
Index has resistance near 24675 – 24725 range and if index crosses and sustains above this level then may reach near 24900 – 24950 range.
Nifty has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24100 range.
Volatility expected due to low carry forward OI in Weekly F&O Contracts with limited upside moment on weekly close.
Banknifty Intraday Analysis for 29th August 2025NSE:BANKNIFTY
Index has resistance near 54300 – 54400 range and if index crosses and sustains above this level then may reach near 54800– 54900 range.
Banknifty has immediate support near 53300 - 53200 range and if this support is broken then index may tank near 52800 - 52700 range.
Volatility expected due to low carry forward OI in September’25 Monthly F&O Contracts with limited upside moment on weekly close.
Finnifty Intraday Analysis for 29th August 2025NSE:CNXFINANCE
Index has resistance near 25875 - 25925 range and if index crosses and sustains above this level then may reach near 26150 - 26200 range.
Finnifty has immediate support near 25450 – 25400 range and if this support is broken then index may tank near 25225 – 25175 range.
Volatility expected due to low carry forward OI in September’25 Monthly F&O Contracts with limited upside moment on weekly close.
Midnifty Intraday Analysis for 29th August 2025NSE:NIFTY_MID_SELECT
Index has immediate resistance near 12675 – 12700 range and if index crosses and sustains above this level then may reach 12800 – 12825 range.
Midnifty has immediate support near 12425 – 12400 range and if this support is broken then index may tank near 12300 – 12275 range.
Volatility expected due to low carry forward OI in September’25 Monthly F&O Contracts with limited upside moment on weekly close.
PFC Trend Line Breakot Date : 21-02-2025
Symbol : PFC
As per the image we see the trend line breakout and this can hit hard.
From very past days this was working as a major support and we saw many bounce back from this area. Shocking part is also Price Action Thing because CMP is around Rs 401 and we are seeing this breakout.
Let's See...
ETH HnSA Head N Shoulder is being made in ETH in 4hr tf. It is also break a rising trendline support.
Entry- 4395-4400
SL- 4550
Target- One can look to book after one is to one or can also target the recent low it made that is 4200.
Disclaimer- This is just for educational purpose. Please take advice before making any decision.
Jai Shree Ram.
A strong ~1:10 RnR XAUUSD/Gold trade idea.Gold has created a good price action which may lead to a very high RnR price movement.
Here are signals identified for the trade.
1. It is breaking trend inline after and earlier fake out. Which is a strong signal for upside move.
2. Taking reversal at golden zone of 4H last swing.
3. Rejection candle at 1H.
4. Bullish diversanse is already observed in RSI
5. Taking support from bullish trend line.
6. 5m W pattern is created and breakout done.
7. Price is taking pull back to broken resistance.
8. It may 1:10 trade if everything goes as plan.
9. Price rejection should be observed at the pullback level before taking further upside movement.
P.S.- This is jut an idea not trade recommendations.
Bitcoin – Where Could the Short-Term Trend Go?Bitcoin – Where Could the Short-Term Trend Go?
Hello traders,
BTC is currently consolidating strongly around the rising trendline on the D1 timeframe. Price has shown a strong rejection at this level. The overall market structure is still moving in line with the scenario I shared earlier, but I want to update a short-term plan to help optimise trading opportunities.
The upward channel remains key. During this sideways phase, BTC has created a small support–resistance zone, which now acts as a key level to determine the short-term trend and guide entries.
Resistance at 113.3k: A breakout above this level would confirm a Long signal.
Support at 108.8k: A breakdown here would activate a Short signal.
If support is broken, the medium-term outlook shifts towards the bearish scenario I mentioned earlier, with potential downside towards the 9x region. This is supported by the larger timeframe structure, which provides enough basis for that expectation.
This is my current short-term trading plan for BTC. Use it as reference, and share your perspective in the comments so we can learn together.
Gold Trading Scenario – Friday OutlookGold Trading Scenario – Friday Outlook
Hello traders,
Fridays are often challenging for forex traders. As the week closes, bankers wrap up their positions, creating unpredictable market moves. This is especially tricky for those who rely on timing-based strategies, so it’s important to watch the smaller fluctuations closely today.
Looking at the current gold structure, the uptrend remains intact. Buying pressure is strong enough to push towards the next projected levels. Technical indicators continue to support a bullish view, with MACD showing steady momentum as both volume and moving averages remain positive.
From an Elliott Wave perspective, gold is moving in **wave 5**, which is typically an extended wave. This allows us to maintain a bullish outlook unless price breaks below **3386** and confirms with at least one candle close on the M15 timeframe or higher. In that case, the scenario would be invalidated. Until then, buying around this level with a stop-loss just below the key support zone (about 1 dollar lower) remains the preferred approach.
Selling opportunities are not yet ideal, but for those looking at short setups, the **3450 zone** should be monitored as a major resistance. In the shorter term, **3430** can act as a reaction level for temporary sells.
Fridays also tend to bring more news-driven traps, so be extra cautious. It’s a day that can really test less experienced traders.
This is my view for today’s session – use it as reference, and trade with discipline.
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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.
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.
---
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.
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.
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.
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.
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.
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.
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