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Automotive Axles Ltd (Weekly Timeframe) - Potential Reversal ??After the Double Top formation (May 15, 2023) in weekly timeframe, the stock has been in a downtrend. With this week's price action, the stock seems to BreakOut of a Weekly resistance zone with good volume. EMAs are also in positive state. A Long-term angular resistance BreakOut along with Short-term resistance BreakOut makes this more significant to consider as a reversal sign. Watchout for next week's price action to determine if the reversal signs are intact or not. If it does, then the next target maybe 2,100.
NSE:AUTOAXLESLong
by Learn_with_Pth0mas
TARIFF delayed! Another temporary relief!!?As we can see NIFTY breached and closed below our demand zone hitting our SL. The downfall was potentially because of the forthcoming implementation of tariff from august which has now been delayed for another 90 days could give some relief to indian markets but we must wait for signs of REVERSAL for making new entry and no new entry should be made unless NIFTY manages to sustain itself above the demand zone. Hence as long as we are below the demand zone, NIFTY tends to be negative to volatile so can be avoided unless strong signs that confirms the direction is seen. So, plan your trades accordingly and keep watching everyone.
NSE:NIFTY
by Wealthcam
2
VA Tech Wabag Ltd (Weekly Timeframe) - Potential BreakoutOn weekly timeframe the stock has made-up for all those past 7 weeks of loss with a 9.30% gain with huge volume. The stock also BrokeOut of a longterm weekly angular resistance zone. The coming week if it can BreakOut of the short-term weekly resistance with some good volume, then it may go up to 1,944 in the near future , which is the ATH. In Daily timeframe, a Golden Cross-over is formed as well, that suggests a bullish sign. Keep monitoring the coming week's price action.
NSE:WABAGLong
by Learn_with_Pth0mas
Why To Draw Before You Trade ?Hello fellow traders and respected members of the trading community, In a fast paced market dominated by automation and algorithms, we often forget the value of simply picking up a tool and drawing on our charts. Let’s revisit why this fundamental habit still holds the power to sharpen our edge and elevate our decision-making. Why We Should Draw and Trade? Turning Charts Into Clarity Introduction-: In an age of auto-generated indicators, black-box algorithms, and AI-driven signals, many traders are drifting away from one of the most fundamental trading tools: manual chart drawing. But what if the very act of drawing is not just an old habit—but a powerful trading edge? This publication explores why actively drawing on charts and trading based on visual context can elevate your market understanding and execution like nothing else. 1. What Does It Mean to “Draw and Trade? Drawing isn’t just technical analysis it’s interactive thinking. When you draw, you're mapping the structure of the market using tools like Trendlines Support & Resistance zones Chart Patterns (Head & Shoulders, Flags, Triangles, etc.) Supply & Demand levels Gaps, Fibonacci levels, and more Once the chart is marked, you’re no longer entering trades blindly you’re entering with context, clarity, and confidence. 2. The Psychology Behind Drawing Manual drawing engages your focus, discipline, and decision-making. You don’t just predict, you process and It forces you to slow down helping reduce impulsive trades. Drawing anchors your emotions and keeps you mindful. The act of drawing becomes a psychological filter—helping you trade from structure, not stress. 3. Why It Beats Indicator Only Trading? Indicators are reactive. Drawing is proactive. Here’s the difference: Indicators show what already happened Drawing lets you prepare for what could happen You learn to-: Anticipate breakouts, fakeouts, and reversals, Understand market structure and Develop your own strategy not depend on someone else's signal. In short you become the strategist, not just a follower. 4. The “Chart Time” Advantage Just like pilots need flight hours, traders need chart hours. Drawing charts manually gives you those hours. You start to see patterns that repeat and notice behavior shifts before they show on indicators. Build a visual memory of how the market moves and It’s this visual experience that separates analysts from traders. 5. Real-World Edge: Case Studies Wyckoff Distribution: Mapping the structure—BC, AR, ST, UT, LPSY—helps anticipate smart money exits. Gap Zones: Marking an old breakaway gap can help predict future rejection or support Demand Zones + Fib Confluence: Drawing reveals high-probability reversal zones most indicators miss Each drawing becomes a trade-ready story with logic and risk control. 6. From Drawing to Discipline Drawing is not just prep it’s planning. You trade with a clear plan and pre-identified entry/exit zones this reduced emotional interference and It becomes your personal visual rulebook. No noise no randomness just structure driven action. 7. Final Thoughts: The Trader’s Mind vs. The Machine Yes, AI and indicators are useful. But your most powerful edge? Your mind. Your eyes. Your experience sharpened through drawing. If you want to evolve from a reactive trader to a consistent performer, here’s the golden rule: Stop watching. Start drawing. Trade what you see, not what you hope. I hope you will like this post, Thanks for giving your valuable time for reading. Regards- Amit.
NSE:NIFTYEducation
by AMIT-RAJAN
18