Get started

Trend Lines

Gold Faces Resistance, Buyers Should Stay Alert near Key SupportGold Futures (MCX) Analysis: Key Points to Watch Current Price Range: Gold Futures are trading around ₹98,700 to ₹98,750. Resistance Zone: Gold has been repeatedly rejected near its high around ₹101,500, showing strong selling pressure at this level. Trendline Broken: Recently, gold broke an important upward trendline that had acted as a reliable bounce-back support. Key Support Emerging: After this break, a key support level has appeared around ₹97,700 to ₹97,750. This zone will be important to watch for potential price stabilization. Additional Support Levels: The chart also highlights other support zones that could provide buying interest if prices decline further. Trader Outlook: Buyers need to remain cautious and vigilant at these levels. The market shows signs of short-term weakness, and how gold behaves around these supports will be crucial for the next move. Gold is at a critical juncture where it faces both selling pressure and key supports. Watching the reaction around ₹97,700-₹97,750 will help gauge whether bulls regain control or further correction unfolds. Stay alert and manage risk carefully.
MCX:GOLD1!
by iamrk7
YATRA: Spectacular Recovery, Chart of the Week Post Q1 FY26From IPO Disaster to Cup & Handle Breakout: NSE:YATRA Spectacular Recovery Rally May Just Be Getting Started post Strong Q1 FY26 Numbers As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational 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. Price Action Analysis: Chart Pattern Identification: - Primary Pattern: Cup & Handle Formation (Bullish Reversal Pattern) - Cup formation period: March 2024 to May 2025 - Handle formation: May 2025 to July 2025 - Breakout confirmation: August 2025 with strong volume spike Key Price Levels: - IPO Base Level: ₹125-130 (Initial listing range) - All-Time High: ₹194.00 (Early 2024 peak) - Major Support Levels: - ₹118 (Cup base/IPO resistance turned support) - ₹106 (Handle low) - ₹90-95 (Previous resistance cluster) - Major Resistance Levels: - ₹160 (Next logical resistance) - ₹180-185 (Pre-ATH resistance zone) - ₹194 (All-time high) Trend Analysis: - Long-term Trend: Bullish reversal after prolonged downtrend - Medium-term Trend: Strong bullish momentum post-breakout - Short-term Trend: Consolidating after breakout with bullish bias Volume Spread Analysis: Volume Characteristics: - Breakout Volume: Exceptional surge to 134.47M (significantly above average) - Volume Confirmation: Strong institutional participation is evident - Historical Volume Pattern: Low volume during handle formation followed by breakout explosion Volume Spread: - Volume surge indicates genuine breakout with institutional backing - Previous accumulation phase visible during cup formation - Current volume levels suggest sustained interest Key Support & Resistance: Dynamic Support Levels: - Immediate Support: ₹125-130 (Breakout level/IPO base) - Secondary Support: ₹118 (Cup rim level) - Critical Support: ₹106 (Handle low - stop loss reference) Resistance Levels: - First: ₹160 (38.2% retracement from ATH) - Second: ₹180-185 (Pre-ATH consolidation zone) - Ultimate: ₹220-240 (Cup & Handle measured move) Technical Indicators & Patterns: Classical Patterns: - Cup & Handle: Completed with successful breakout - Rounding Bottom: Visible in the cup formation - Ascending Triangle: Formed during handle consolidation Key Technical Observations: - Price action shows strong momentum post-breakout - Previous IPO resistance at ₹125-130 now acting as support - Breakout occurred with a gap-up opening, indicating strong sentiment Sectoral Backdrop: Online Travel Industry Overview: - India Online Travel Market expected to reach USD 23.10 billion in 2025 and grow at a CAGR of 7.76% to reach USD 33.90 billion by 2030 - Online travel booking service market in India expected to reach projected revenue of US$57,924.4 million by 2030 with a CAGR of 10.6% - India's travel industry is valued at $178 billion, fueling economic growth with travel stocks offering lucrative investment opportunities Market Position: - Yatra Online Ltd. was identified as one of the major companies operating alongside MakeMyTrip, EaseMyTrip, and Cleartrip - Strong competitive position in a growing market - Recovery phase post-pandemic showing robust growth trajectory Fundamental Backdrop: Financial Metrics: - Market Cap: 2,223 Crore, Revenue: 900 Cr, Profit: 49 Cr (TTM) - Promoter Holding: 64.46% (Strong management commitment) - Trading at 2.84 times book value at 45.8 times P/E Operational Assessment: - The company has a low return on equity of 2.90% over the last 3 years - Profitability achieved, indicating operational efficiency improvement - Revenue growth trajectory supported by sector tailwinds Growth Lever: - Beneficiary of India's domestic tourism boom - Digital transformation in travel booking - Post-pandemic recovery in the travel sector - The government's focus on tourism development Market Outlook & Catalysts: Positive Catalysts: - Travel & Tourism market in India projected to grow by 8.07% (2025-2029) - Increasing domestic travel penetration - Corporate travel recovery - Digital adoption acceleration Key Risk Factors: - Intense competition from larger players - Seasonal business variations - Economic slowdown impact on discretionary spending - Regulatory changes in the travel sector Key Monitoring Points: - Sustained holding above the ₹125 breakout level - Volume sustainability in the coming sessions - Broader market conditions and sector rotation - Company's Next Few quarterly results and guidance updates. Full Coverage on my Newsletter this Week Keep in the Watchlist and DOYR. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes, it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational 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.
NSE:YATRA
by Karanshah137
6