BTCUSD/BITCOIN WEEKLY BUY PROJECTION 20.07.26BTCUSD / Bitcoin Weekly Buy Projection – 20.07.26
Bitcoin is trading near $63,947, where several bullish confirmations are meeting:
The 0.618 Fibonacci retracement level is around $63,972.
Price is respecting the ascending trendline.
A previous downside move collected liquidity near the $62,000–$62,400 support zone.
After the liquidity sweep, a bullish engulfing candle formed, indicating strong buyer reaction.
Trading Projection
Buy Zone: $63,800–$64,000
Take-Profit Zone: $67,000–$67,300
Stop-Loss: Below $60,900
The bullish projection remains valid while price holds above the trendline and the major support zone. A strong breakout above $65,000 could provide additional confirmation for a move toward $67,000+.
Community ideas
When Promoters Pledge Their Shares, Alarm Bells Should RingWhen Promoters Pledge Their Shares, You Should Be Getting Ready to Exit
Promoter pledging is hidden in plain sight in every quarterly shareholding report. Almost no retail investor checks it. It has preceded some of the biggest stock collapses in Indian market history.
The promoter of a company is its founder, controlling family, or original owner. They typically hold 40–75% of shares. When a promoter needs cash for personal reasons or business expansion but does not want to sell shares (which would signal confidence loss and trigger an immediate crash), they do something else: they pledge their shares to a bank as collateral for a loan.
This creates a time bomb inside the stock.
How the Pledge Trap Works — Step by Step
Step 1 — Promoter pledges shares:
Promoter holds 60% of a company at ₹500/share. Total holding value: ₹3,000 crore. They pledge 50% of their shares (₹1,500 crore of shares) to get a loan of ₹900 crore (typical 60% LTV).
Step 2 — Stock price falls:
For any reason — market correction, sector weakness, bad quarterly results — the stock falls from ₹500 to ₹380. The pledged shares are now worth ₹1,140 crore. The bank's LTV limit has been breached.
Step 3 — Margin call:
The bank issues a margin call: "Pledge more shares, or repay part of the loan." If the promoter has cash, they do so. If not — and often they do not, because they took the loan precisely because they needed cash — the bank moves to Step 4.
Step 4 — Bank sells in open market:
The bank begins selling the pledged shares in the open market to recover its loan. This selling pushes the stock price down further. Which triggers more margin calls. Which triggers more selling.
The downward spiral can be catastrophic and fast.
Real Indian Examples:
DHFL (2018–2019): Promoter pledge concerns triggered a crash from ₹690 to ₹17. Near-total wipeout.
Essel/Zee (2019): Promoter pledging concerns triggered a 50% crash.
ADAG group stocks (Reliance Comm, R-Power): High promoter pledge, cascading collateral calls, near-zero prices.
IL&FS: Complex pledge and debt structures contributed to system-wide NBFC crisis.
How to Check Promoter Pledge Instantly
Every quarter, companies file shareholding pattern data with NSE and BSE. This data is publicly available and shows:
Total promoter holding %
Pledged shares as a % of total promoter holding
Pledged shares as a % of total company shares
The Rules:
Pledge below 10%: Normal, no concern.
Pledge 10–40%: Monitor quarterly. Understand why.
Pledge above 40%: Serious yellow flag. Do extra due diligence.
Pledge above 60%: Significant risk. Most experienced investors avoid completely.
Pledge rising quarter-on-quarter: Danger signal regardless of absolute level.
Do you hold any stock in your portfolio where the Promoter Pledge is above 20%? Let’s analyze it together and see if it's sitting in the Red Flag Zone or if it's safe.
Option Buyers: Learn IV Before Buying CE/PE# IV Expansion for Option Buyers 📊
Many option buyers only watch price direction.
Market up = Buy CE
Market down = Buy PE
But option premium does not move only because of direction.
Premium also moves because of **Implied Volatility**, also called IV.
When IV rises, option premiums can become expensive.
This is called **IV Expansion**.
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✅ What Is IV Expansion?
IV expansion means the market is expecting bigger movement.
When uncertainty increases, option premiums usually rise.
This can help buyers because premium may expand faster when volatility supports the trade.
But IV expansion is useful only when direction and momentum are also clear.
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✅ Why IV Expansion Helps Buyers
For option buyers, premium needs to increase.
Premium can increase because of:
• Directional movement
• Momentum
• Increase in IV
• Breakout or breakdown
• Strong volume
• Premium chart breakout
The best condition for buyers is:
**Direction + Momentum + IV Expansion**
When all three align, premium expansion can become powerful.
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✅ CE Buyer Example
CE premium expansion is stronger when:
• Underlying is bullish
• Price is above VWAP
• Resistance breaks
• Candle closes strongly
• Volume supports breakout
• CE premium breaks its own resistance
• Premium sustains after breakout
Do not buy CE only because premium is rising.
Check if the underlying is also supporting.
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✅ PE Buyer Example
PE premium expansion is stronger when:
• Underlying is bearish
• Price is below VWAP
• Support breaks
• Candle closes strongly
• Selling volume appears
• PE premium breaks its own resistance
• Premium sustains after breakout
PE buying needs bearish momentum, not just one red candle.
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✅ Be Careful of IV Crush
IV expansion can trap buyers if they enter too late.
Before events, premiums may become expensive.
After the event, uncertainty reduces and IV can fall.
This is called **IV Crush**.
Even if the market moves slightly in your direction, option premium may fall because IV drops.
So never ignore event risk.
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✅ Best IV Expansion Setup
A good setup usually looks like this:
1. Underlying compresses near key level
2. Option premium stops decaying
3. Price breaks level with candle close
4. Volume supports the move
5. Option premium also breaks resistance
6. Premium sustains after breakout
This is better than chasing after the premium already exploded.
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✅ Avoid These Mistakes
Avoid buying options when:
• Premium already expanded too much
• Underlying direction is unclear
• Price is stuck around VWAP
• Breakout is weak
• Volume is missing
• Strike is far OTM
• Event is over and IV crush may start
• You are entering because of FOMO
IV expansion without direction can become an expensive trap.
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✅ Simple Formula
**Direction + Momentum + IV Expansion + Premium Breakout = Stronger Option Trade**
👉 But remember:
IV Expansion without Direction = Expensive Trap
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👉 Finally Important point is;
IV expansion can be a powerful friend for option buyers.
But only when momentum supports it.
Do not buy options just because premiums are rising.
First check the underlying.
Then check premium confirmation.
Then check risk.
Because in options:
👉 Direction gives the path.
👉 Momentum gives speed.
👉 IV expansion gives premium power.
------------------------------------------
Educational Purpose Only.
The 30-Second RuleImagine you've found what looks like the perfect setup. The trend is clear, the candles look strong, and your finger is already hovering over the buy or sell button.
Now pause.
Not for five minutes. Not for an hour.
Just **30 seconds**.
Those 30 seconds won't change the market, but they might completely change your decision. In trading, the biggest mistakes are often made in moments of urgency. A short pause creates space between emotion and execution, giving logic one final chance to speak.
1. Stop Reacting, Start Deciding
The market moves fast, but your decisions don't have to. Many losing trades begin with an emotional reaction rather than a planned decision.
A brief pause helps you shift from "I need to enter now" to "Does this trade actually deserve my capital?"
2. Ask One Simple Question
During those 30 seconds, ask yourself: "Would I still take this trade if there were no fear of missing out?"
Your first answer is often emotional. The honest answer usually arrives a few seconds later.
3. Check the Trade, Not the Excitement
Strong candles and sudden momentum can create excitement, but excitement isn't confirmation.
Use those few seconds to review your setup instead of your emotions. Is your reason for entering based on your strategy, or on the speed of the market?
4. Respect Your Risk Before Your Reward
Before thinking about how much you could make, think about what you're willing to lose.
Confirm your stop-loss, position size, and risk-to-reward ratio. If any of them feel uncertain, that's already valuable information.
5. Silence Outside Opinions
Right before entering a trade, don't look for one more tweet, one more indicator, or one more person's opinion.
Your trading plan should make the decision—not the internet.
6. Accept That Missing a Trade Is Okay
Sometimes those 30 seconds will cause you to miss a move. That's perfectly fine.
Missing one opportunity is far less damaging than entering a trade you never truly believed in.
7. Build a Habit, Not a Rule
The goal isn't to literally count to thirty before every trade. The goal is to create a consistent pause between seeing a setup and risking your money.
That small habit can become one of the simplest ways to reduce impulsive decisions.
Conclusion:
Successful trading isn't always about finding better setups. Sometimes it's about creating better habits before acting on them.
The market will still be there after 30 seconds. The real question is whether your decision will be better because you waited.
Remember: A rushed trade can cost you money. A thoughtful pause costs you nothing.
Ending Diagonal in Wave C | Zigzag vs Flat CorrectionOne of the most overlooked Elliott Wave concepts is that Wave C of both Zigzag and Flat corrections can terminate as an Ending Diagonal.
This chart compares both corrective structures side by side and highlights their key differences.
📉 Left Side – Zigzag (5-3-5)
A Zigzag correction consists of:
Wave A: 5-wave Impulse
Wave B: 3-wave corrective structure
Wave C: 5-wave Ending Diagonal
Key Characteristics
✅ Wave B is a corrective move with three subwaves (A-B-C).
✅ Wave B should not make a new high beyond the start of Wave A in a standard Zigzag.
✅ Wave C unfolds as an Ending Diagonal, where:
Wave 4 overlaps Wave 1.
Trendlines converge.
Momentum gradually weakens.
The correction often ends with exhaustion before a reversal.
📈 Right Side – Flat (3-3-5)
A Flat correction has a different internal structure:
Wave A: 3-wave correction
Wave B: 3-wave correction
Wave C: 5-wave Ending Diagonal
Key Characteristics
✅ Wave A itself is corrective, not impulsive.
✅ Wave B commonly retraces most or all of Wave A and can even create a new price high, depending on the Flat variation.
✅ Wave C again develops as a 5-wave Ending Diagonal, showing:
Wave 4 overlapping Wave 1.
Converging trendlines.
Declining momentum.
A high-probability reversal near completion.
🔍 Why the Ending Diagonal Matters
The Ending Diagonal is a terminal pattern that signals a trend is approaching exhaustion.
Important features include:
Wave 4 overlaps Wave 1.
All five waves subdivide into corrective structures.
Price becomes compressed inside converging trendlines.
A sharp reversal often follows after Wave 5 completes.
✅ Confirmation for Long Entry
Rather than buying during the formation of the Ending Diagonal, confirmation is generally stronger after price breaks above the Wave 4 resistance, indicating that the corrective structure has likely finished and a new impulsive move may be underway.
💡 Educational Takeaway
Understanding the difference between Zigzag (5-3-5) and Flat (3-3-5) is essential for identifying the correct Elliott Wave count.
Although both patterns can end with an Ending Diagonal in Wave C, the behavior of Wave A and Wave B is what distinguishes them.
Recognizing these structural differences can help traders anticipate trend exhaustion and prepare for the next impulsive move.
****************************************************************
Warning ⚠
Educational purposes only. This chart illustrates Elliott Wave concepts and one possible market interpretation, not a guaranteed market outcome.
#ElliottWave #EndingDiagonal #Zigzag #FlatCorrection #WaveAnalysis #TechnicalAnalysis #MarketStructure #TradingEducation #TradingView #PriceAction #NikhilKanal
#RECLTD #ElliottWave #Wave3 #ImpulseWave #TechnicalAnalysis #WaveAnalysis #TradingView #PriceAction #StockMarket #SwingTrading #PositionalTrading #MarketStructure #NSE #NikhilKanal #ElliottWave #LeadingDiagonal #Zigzag #DoubleZigzag #TripleZigzag #CorrectiveWaves #WaveAnalysis #TechnicalAnalysis #TradingEducation #PriceAction #TradingView #MarketStructure #StockMarket #NikhilKanal #ElliottWave #TradingEducation #MotiveWave #ImpulseWave #LeadingDiagonal #EndingDiagonal #WaveAnalysis #TechnicalAnalysis #PriceAction #TradingView #StockMarket #MarketStructure #TradingPsychology #NikhilKanal #ElliottWave #TradingEducation #LeadingDiagonal #EndingDiagonal #Triangle #WaveAnalysis #TechnicalAnalysis #PriceAction #TradingView #MarketStructure #NikhilKanal #ElliottWave
How Smart Option Buyers Use Gamma Acceleration✅ Gamma Acceleration Explained 📊
Many option buyers have seen this happen:
Premium moves slowly for a long time.
Then suddenly, after one strong move in the underlying, the premium starts running fast.
That fast premium movement often happens because of **Gamma Acceleration**.
---------------------------------------------
✅ What Is Gamma?
Gamma shows how fast delta changes when the underlying price moves.
👉Simple meaning:
Delta = speed of option premium
Gamma = acceleration of option premium
When gamma increases delta quickly, option premium starts moving faster.
That is gamma acceleration.
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✅ Why Gamma Matters for Buyers
Option buyers want premium expansion.
Gamma helps buyers when the underlying moves strongly in their direction.
👉For CE buyers:
If the underlying breaks resistance and moves toward or above the CE strike, delta increases and premium can accelerate.
👉For PE buyers:
If the underlying breaks support and moves toward or below the PE strike, delta increases and PE premium can expand fast.
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✅ Gamma Is Strongest Near ATM
Gamma is usually strongest near ATM strikes.
ATM options are close to the current market price.
Small movement in the underlying can change delta quickly.
That is why ATM and slightly OTM options can move sharply during strong breakout or breakdown.
But far OTM options still need a big fast move.
Do not buy far OTM only because premium is cheap.
---------------------------------------------
✅ Gamma vs Theta
This is very important.
Gamma helps option buyers when momentum is strong.
Theta hurts option buyers when market is slow or sideways.
So the real battle is:
**Gamma Acceleration vs Theta Decay**
If momentum is strong, gamma can win.
If market becomes sideways, theta can eat premium.
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✅ Best Gamma Acceleration Setup
A good setup usually has:
• Underlying near important level
• Price compression before breakout
• Strong candle close
• Volume expansion
• Price moving away from VWAP
• ATM or slightly OTM strike
• Option premium breakout
• Premium sustaining after breakout
This is where premium can expand quickly.
---------------------------------------------
✅ Avoid Gamma Traps
Avoid buying when:
• Premium already moved too far
• Underlying is sideways
• Price is stuck near VWAP
• Breakout is only by wick
• Volume is weak
• Strike is far OTM
• You are entering due to FOMO
Late buyers often enter after gamma already did its work.
---------------------------------------------
✅ Simple Formula
Momentum + ATM Strike + Candle Close + Volume + Premium Breakout = Gamma Acceleration
👉Remember:
**Gamma rewards speed.
Theta punishes delay.**
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✅ Finally important point is;
Gamma acceleration can create powerful option moves.
But it works best only when momentum is strong and continues.
Do not chase after premium already explodes.
Identify the setup early.
Confirm with underlying and option premium chart.
Then manage the trade quickly.
---------------------------------------------
Educational Purpose Only.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline breakout in TINNARUBR
BUY TODAY SELL TOMORROW for 5%
Nifty 50 Trade Plan [21.07.2026: Tuesday]Probable Scenario Analysis and Trade Plan for the Nifty 50 Index NSE:NIFTY for the 21st of July, 2026.
🟢 Bullish Scenario
There is no observable bullish setup. The price needs to first sustain above 24350. There might be a weak bullish move till 24400. There is strong resistance at 24400. Next, if the price sustains above 24400, then strong bullish movement will emerge. The probable bullish targets above 24400 are - 24450 and 24500. There will be strong resistance at 24500.
🔴 Bearish Scenario
There is no observable bearish setup. If the price decisively breaks down below 24100, then a bearish setup would emerge. The probable bearish targets below 24100 are - 24050 and 24000. Level 24000 would be a strong support. Next, if the price breaks down below 24000, then the probable bearish targets would be - 23950 and 23900.
🟡 No Trading Zone (NTZ): (24350 - 24100).
⏺ Range of Consolidation (ROC): (24400 - 24100).
Here, 24250 is the median of the ROC. The median works like an intraday sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
No high-impact event this week. One medium-impact event is the Euro Interest Rate Decision on 23rd July (Thursday). No holidays this week. There is a Nifty 50 weekly expiry. Lastly, geopolitical issues are omnipresent.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
**XAU/USD (Gold) Technical Analysis – 45-Minute Timeframe**## **Market Overview**
Gold has shifted from a short-term consolidation into a bullish impulse after breaking above a well-defined support/resistance zone. The strong bullish candles indicate buyers are currently in control, while the highlighted purple zone is likely to act as a demand area if price retraces.
The overall market structure has changed from **lower highs and lower lows** to **higher highs and higher lows**, suggesting increasing bullish momentum.
---
## **Market Structure**
* **Trend:** Short-term Bullish
* **Momentum:** Strong bullish breakout
* **Bias:** Buy on Pullback
Price has successfully broken above the previous resistance zone, which now has the potential to become new support. This is a classic **break-and-retest** setup often seen before continuation moves.
---
## **Key Technical Levels**
### **Resistance**
* **4,078 – 4,082**
* This is the immediate resistance where price is currently reacting.
* A confirmed breakout above this level could trigger another bullish expansion.
### **Support / Demand Zone**
* **4,035 – 4,045**
* Previously acted as resistance.
* Now expected to provide buying interest during a retracement.
* This area aligns with the highlighted purple zone.
---
## **Trading Scenario**
### **Preferred Setup: Buy on Pullback**
Wait for price to retrace into the **4,035–4,045** support zone.
Look for:
* Bullish rejection candles
* Bullish engulfing pattern
* Strong buying volume
* Higher low formation
Only enter after confirmation rather than placing a blind limit order.
---
## **Target Levels**
### **Entry**
* Around **4,040** after bullish confirmation.
### **Take Profit 1**
* **4,080**
### **Take Profit 2**
* **4,095**
### **Take Profit 3**
* **4,105**
If momentum remains strong, an extension toward **4,120** cannot be ruled out.
---
## **Risk Management**
**Suggested Stop Loss**
* Below **4,030**
* Conservative traders may place it below the recent swing low near **4,020**.
Aim for a **minimum Risk-to-Reward ratio of 1:2**, with **1:3 or better** preferred if targeting the higher resistance levels.
---
## **Bullish Confirmation**
The bullish outlook remains valid if:
* Price holds above the support zone.
* Higher lows continue to form.
* Buyers defend the breakout area.
---
## **Invalidation Scenario**
The bullish setup becomes weaker if:
* Price closes decisively below **4,035**.
* The breakout fails and price returns below the demand zone.
* Selling pressure produces a new lower low beneath the recent swing structure.
In that case, the market could revisit the **4,020–4,000** region before attempting another upward move.
---
# **Professional Outlook**
The chart presents a **high-probability bullish continuation setup**. Rather than chasing the breakout, the higher-probability approach is to **wait for a pullback into the former resistance (now support) zone**, then seek bullish price action confirmation before entering. If buyers successfully defend this area, the path toward **4,095–4,105** becomes increasingly favorable.
BSE - potential Wave 4 completion - Buy
BSE
At a larger degree, the stock is presently in its Wave 3 of Primary degree. In the said wave, stock completed minor degree Wave 3 of Wave (5) of Intermediary degree on 27 May 2026 and has been undergoing correction.
The correction is in the form of a zigzag which is a 5-3-5 sequence numbered as ABC. Wave A got completed on 8 June 2026, Wave B completed on 17 June 2026.
It appears Wave 5 of Wave C got completed at 50% of Wave (i)-Wave (iii) on 20 July 2026.
The stock has in the process achieved a retracement of more than 38.2%.
One may consider buying the stock with a stop loss of 3530 which is very low risk trade.
BTC in sideways diametric correctionBTC seems to be forming a diametric pattern and wave f has completed.
We have most likely entered the wave g towards downside.
The targets of ~63,750 and 62,500 could be expected.
The study would need to revised above 65,750
Learning:
In Diametrics, the waves are similar in time but prices related by Fibonacci ratios
Currently, wave C = wave E
wave B = wave F and wave G could be equal to wave A.
So, a diametric is a preferred count as of now
Will keep you guys posted on future possibilities.
Happy Trading!
May the force be with you!
The Fractal Nature Of Elliott Wave [-_-]One of the most fascinating aspects of Elliott Wave Theory is its fractal nature.
The same wave principles repeat across all timeframes—from Monthly and Daily charts down to Intraday charts like the 15-minute timeframe.
This chart demonstrates how a larger degree wave on the Daily timeframe can be broken down into smaller Elliott Wave structures on the 15-minute timeframe.
📈 Daily Timeframe :-
On the higher timeframe, the market is progressing through a standard five-wave impulsive structure.
Wave (1): Initial advance.
Wave (2): Corrective pullback.
Wave (3): Strong impulsive rally.
Wave (4): Corrective consolidation.
Wave (5): Final impulsive leg expected to complete the higher-degree trend.
At this level, the market appears simple, showing only the major swings.
⏱️ 15-Minute Timeframe :-
Zooming into the same market reveals that each higher-degree wave is composed of smaller Elliott Wave patterns.
For example:
The larger Wave (2) is not just a single decline—it unfolds as an ABC corrective pattern.
Once that correction is complete, a new impulsive sequence begins with 1-2-3-4-5, contributing to the larger Wave (3).
The process repeats again, with smaller impulses and corrections building the higher-timeframe trend.
This is the essence of market fractals.
🔍 Why Multi-Timeframe Analysis Matters :-
Understanding this fractal behavior allows traders to:
Identify the larger market trend on higher timeframes.
Wait for smaller corrective structures on lower timeframes.
Improve trade timing by entering after lower-timeframe corrections complete.
Align short-term trades with the dominant higher-timeframe trend.
Instead of treating every timeframe independently, Elliott Wave encourages traders to view them as different degrees of the same market structure.
💡 Key Takeaway :-
Markets don't create different patterns on different timeframes.
They simply repeat the same Elliott Wave structure at different scales.
A complete five-wave move on a Daily chart is built from many smaller impulsive and corrective waves on lower timeframes. Recognizing this relationship helps traders combine trend direction with precise entries, making multi-timeframe analysis one of the most powerful applications of Elliott Wave Theory.
Warning ⚠
Educational purposes only. This chart illustrates the fractal nature of Elliott Wave Theory and is intended to help traders understand how wave structures repeat across multiple timeframes.
#ElliottWave #FractalMarkets #MultiTimeframeAnalysis #WaveAnalysis #TechnicalAnalysis #PriceAction #TradingEducation #TradingView #MarketStructure #Nifty #SwingTrading #IntradayTrading #NikhilKanal #ElliottWave #EndingDiagonal #Zigzag #FlatCorrection #WaveAnalysis #TechnicalAnalysis #MarketStructure #TradingEducation #TradingView #PriceAction #NikhilKanal #RECLTD #ElliottWave #Wave3 #ImpulseWave #TechnicalAnalysis #WaveAnalysis #TradingView #PriceAction #StockMarket #SwingTrading #PositionalTrading #MarketStructure #NSE #NikhilKanal #ElliottWave #LeadingDiagonal #Zigzag #DoubleZigzag #TripleZigzag #CorrectiveWaves #WaveAnalysis #TechnicalAnalysis #TradingEducation #PriceAction #TradingView #MarketStructure #StockMarket #NikhilKanal #ElliottWave #TradingEducation #MotiveWave #ImpulseWave #LeadingDiagonal #EndingDiagonal #WaveAnalysis #TechnicalAnalysis #PriceAction #TradingView #StockMarket #MarketStructure #TradingPsychology #NikhilKanal #ElliottWave #TradingEducation #LeadingDiagonal #EndingDiagonal #Triangle #WaveAnalysis #TechnicalAnalysis #PriceAction #TradingView #MarketStructure #NikhilKanal #ElliottWave
UPL - Multitime frame analysisAs per the daily time frame, the price has given a trendline breakout and sustained above the trendline. In the lower time frame, the price has formed a rounding bottom pattern, which is bullish.
Buy above 620 with a stop loss of 614 for the targets 626, 632, 636, 642 and 648.
The price will become bearish if it falls below the 600 zone and shows bearish strength; it can move towards the next support. In other words, the price is bullish as long as it sustains above the 600 zone.
Always do your analysis before taking any trade.
Jindal Steel
### **Jindal Steel Ltd (Daily Time Frame) – Bullish Harmonic Reversal Setup**
📊 **Stock:** Jindal Steel Ltd (NSE)
The stock has completed a **Bullish Harmonic Pattern** near the **D point**, where price is reacting from a strong demand/support zone around **₹1,010**.
### **Technical View**
* ✅ Bullish Harmonic Pattern completed.
* ✅ Price is holding above the PRZ (Potential Reversal Zone).
* ✅ Buyers are defending the support area.
* ✅ A sustained move above recent swing highs could confirm the reversal.
### **Trading Plan**
* **Entry:** Around ₹1,035–₹1,045 (after bullish confirmation).
* **Stop Loss:** Below ₹1,010.
* **Target 1:** ₹1,123 (38.2% Fibonacci)
* **Target 2:** ₹1,158 (50% Fibonacci)
* **Target 3:** ₹1,193 (61.8% Fibonacci)
### **Risk Management**
Maintain strict stop-loss discipline. A daily close below **₹1,010** would invalidate the bullish harmonic setup.
> **Conclusion:**
> Jindal Steel is trading near a high-probability reversal zone. If buyers continue to defend the support and momentum improves, the stock may witness a recovery towards the Fibonacci resistance levels. Wait for confirmation before taking a position.
**Disclaimer:** This analysis is for educational purposes only and is not investment advice. Always conduct your own research and manage risk appropriately.
XAUUSD: Facing Key ResistanceFollowing a recovery from the low near 3,960, XAUUSD is gradually moving up to test the downtrend line that has been in place since the beginning of the month. Notably, selling pressure emerges quickly whenever the price approaches this dynamic resistance level, creating a series of lower highs and reinforcing the bearish trend on the H4 timeframe. Current market structure suggests this is likely just a technical rebound rather than the start of a new uptrend.
Resistance around 4,049 lies just below the Ichimoku cloud, forming a confluence zone that sellers have strong grounds to defend. If the price shows signs of rejection in this area, bearish pressure could quickly return, dragging gold down to the 3,935 support level—a zone that has previously attracted buying interest.
From a fundamental perspective, gold remains under pressure as the US dollar and US bond yields hold at elevated levels following hawkish remarks from the Fed. The market continues to price in the likelihood of interest rates remaining high for longer, diminishing the appeal of non-yielding assets like gold.
Trading strategy: Prioritize selling around 4,049, with a target of 3,935.
Technical Analysis – Bullish Recovery Eyes Major ResistanMinute Technical Analysis – Bullish Recovery Eyes Major Resistance
The 45-minute XAU/USD chart shows that buyers are attempting to regain control after a sharp corrective decline. Price has established a sequence of higher lows from the recent swing bottom, indicating improving short-term market structure. However, the market is still approaching a significant resistance zone where sellers previously entered aggressively.
Market Structure
The recent recovery has formed a short-term bullish trend with higher lows and higher highs.
Price remains above the dynamic support area (around 3,993–4,000), suggesting buyers are defending pullbacks.
The projected move indicates a continuation toward the overhead resistance near 4,067.60, provided current support remains intact.
Key Technical Levels
Immediate Support: 3,993 – 4,000
Current Price: ~4,004
Major Resistance: 4,067 – 4,070
Bullish Target: 4,067.60
Momentum Analysis
Momentum has shifted in favor of the bulls after the recent rebound. The buy signals and rising trend support indicate improving strength, although intermittent sell signals suggest resistance has not been completely cleared. As long as price continues printing higher lows, bullish momentum remains valid.
Bullish Scenario
A sustained hold above the 4,000 support zone could encourage buyers to push toward 4,067. A decisive breakout above this resistance would confirm renewed bullish momentum and may open the door for a continuation toward higher price levels.
Bearish Scenario
Failure to maintain support around 3,993–4,000 would weaken the current bullish structure. A breakdown below this region could trigger profit-taking and expose price to a deeper retracement toward previous demand zones.
Trading Outlook
The overall short-term bias is moderately bullish while price remains above the recent support base. Rather than chasing price higher, traders may prefer waiting for either:
a confirmed breakout above 4,067, or
a bullish pullback into support with strong confirmation.
Bias Summary
Short-Term Bias: Bullish
Confirmation: Higher lows continue to form and price holds above 4,000.
Invalidation: A 45-minute close below 3,993 would weaken the bullish outlook.
Primary Target: 4,067.60
Conclusion: The chart suggests that XAU/USD is attempting to build bullish momentum after its recent recovery. While the path of least resistance currently favors the upside, the 4,067 resistance zone remains the key hurdle. A successful breakout would strengthen the bullish case, whereas rejection from that level could lead to another corrective pullback before the next directional move.
Nifty Intraday Outlook for 21-07-2026NIFTY 15 Min Chart Reading
Overall Bias: 🟠 Neutral to Mildly Bearish (until key resistance is reclaimed)
Current Market Drivers
Rising crude oil prices and renewed Middle East geopolitical tensions are weighing on sentiment.
GIFT Nifty indicated a weaker start, while recent FII selling continues to pressure the market despite DII support.
Q1 earnings season is likely to increase stock-specific volatility rather than broad index strength.
NIFTY is trading near 24,239, holding above short-term support but still below immediate resistance.
The chart is showing sideways consolidation after recovery. Bulls need a clean breakout above 24,270 for fresh upside momentum.
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Key Levels
Resistance: 24,270
Target 1: 24,360
Target 2: 24,470
Support: 24,230
Lower Target 1: 24,140
Lower Target 2: 24,050
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Trade Plan
Bullish above 24,270
Targets: 24,320 / 24,360 / 24,470
Buy-on-dip near 24,230–24,200
Only if bullish rejection appears.
Bearish below 24,220
Targets: 24,180 / 24,141 / 24,049
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View
NIFTY is not fully bullish yet.
Above 24,270 → buyers active
Below 24,220 → sellers active
Inside range → wait patiently
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Educational view only. Trade with strict risk management.
NIFTY – INTRADAY TRADING PLAN | 21-Jul-2026 | Expiry DayPrevious Close: 24,239.50 | Last Intraday Support: 24,162 | No Trade Zone: 24,251–24,317 | Last Intraday Resistance Zone: 24,464–24,510 | Buyer's Support: 24,032–24,055
⚠️ This is an educational post for learning purposes only. Please read levels along with price action, volume & candle confirmation before acting. Do not trade blindly on levels.
🟢 SCENARIO 1: GAP UP OPENING (100+ points, i.e., Open above ~24,340)
🔘 A gap-up of 100+ points means Nifty opens well above the No Trade Zone (24,251–24,317) directly near or above the resistance zone (24,464–24,510). This requires patience as gap-up opens are often followed by profit booking.
• 🟢 If price sustains above 24,464–24,510 zone with strong 15-min candle close, it confirms bullish continuation → Long bias can be considered on retest of this zone as support.
• 🔴 If price fails to sustain and slips back below 24,464 after initial spike, it signals exhaustion → Book profits on longs, avoid fresh longs, wait for further confirmation.
• 🟠 If gap-up open comes but price starts drifting back toward No Trade Zone (24,251–24,317) — treat this as a false gap/trap. Best to stay on sidelines till a clear breakout or breakdown happens.
⚙️ Action Plan:
▫️ Wait for first 15-30 min candle to close before entry — don't chase the gap.
▫️ Long Entry: Above 24,510 with SL below 24,464 → Target next resistance zones (trail SL).
▫️ If rejection seen from 24,464–24,510 zone, consider short only after confirmation candle, targeting back toward 24,317.
🟠 SCENARIO 2: FLAT OPENING (Within No Trade Zone 24,251–24,317)
🔘 A flat opening inside the No Trade Zone means the market lacks directional bias at open. This orange zone on chart is a "sideways/consolidation" zone — the dashed nature of trend lines here indicate uncertainty, so patience is key.
• 🟠 If Nifty opens and stays within 24,251–24,317, avoid trading immediately. Let the market pick a direction with volume confirmation.
• 🟢 Breakout above 24,317 with strong volume → Bullish bias activates, look for long opportunities targeting 24,464–24,510 resistance zone.
• 🔴 Breakdown below 24,251 with strong volume → Bearish bias activates, look for short opportunities targeting Last Intraday Support 24,162 and further toward Buyer's Support 24,032–24,055.
⚙️ Action Plan:
▫️ No Trade Zone = No Trade Action. Sit on hands till breakout/breakdown confirmed.
▫️ Use 15-min or 30-min candle close outside zone as trigger, not just wick/spike.
▫️ Avoid overtrading in this chop zone — this is where most retail traders lose money.
🔴 SCENARIO 3: GAP DOWN OPENING (100+ points, i.e., Open below ~24,140)
🔘 A gap-down of 100+ points brings price directly near or below Last Intraday Support (24,162), heading toward Buyer's Support Zone (24,032–24,055). This is a critical zone where buyers may step in.
• 🔴 If price opens below 24,162 and continues to fall with weak bounce, bearish momentum continues → Short bias favoured toward Buyer's Support 24,032–24,055.
• 🟢 If price finds support at 24,032–24,055 zone with reversal candle (hammer/bullish engulfing), this indicates buyers stepping in → Long opportunity for pullback toward 24,162 and possibly No Trade Zone.
• 🟠 If price hovers between 24,032–24,162 without clear direction, treat as consolidation — avoid fresh positions till breakout/breakdown confirmed.
⚙️ Action Plan:
▫️ Short Entry: Below 24,032 with SL above 24,055 → Target lower levels with trailing SL.
▫️ Long Entry (Reversal Play): Only after confirmation candle at 24,032–24,055 zone, SL below the zone low.
▫️ Do not catch falling knives — wait for confirmation candle before entering long from support.
🎯 OPTIONS TRADING – RISK MANAGEMENT TIPS
• 🔸 Always trade options with a predefined Stop Loss — never average a losing options position.
• 🔸 Avoid buying deep OTM options on gap-up/gap-down days — theta decay + IV crush can hurt even if direction is correct.
• 🔸 Position size should never exceed 2-3% of total capital per trade.
• 🔸 Prefer slightly ITM or ATM options for better delta and less time decay impact intraday.
• 🔸 Book partial profits at first target and trail SL for remaining quantity — protect gains.
• 🔸 Avoid trading in No Trade Zones — options premiums decay fast in sideways/choppy markets.
• 🔸 Keep an eye on India VIX — high VIX means wider stop losses needed, adjust position size accordingly.
• 🔸 Never hold overnight positions in weekly options without proper hedge, given theta risk.
📝 SUMMARY & CONCLUSION
Today's plan revolves around three key zones — No Trade Zone (24,251–24,317), Resistance Zone (24,464–24,510), and Support Zones (24,162 & 24,032–24,055).
✅ Gap-up opening → Watch resistance zone reaction for long/short bias.
✅ Flat opening → Stay out of No Trade Zone, wait for breakout/breakdown.
✅ Gap-down opening → Watch buyer's support zone for reversal or continuation.
Discipline and patience are more important than prediction. Let the market show its hand at key zones before committing capital. Risk management in options is what separates consistent traders from the rest. 📈📉
⚠️ DISCLAIMER
I am not a SEBI registered analyst. This post is purely for educational purposes to help learners understand price action and level-based trading concepts. Please consult your financial advisor before making any trading/investment decisions. Trading in the stock market and derivatives is subject to market risk. 🙏
Nifty - Expiry day analysis July 21.The price did not give a trending movement today and moved within a range. As per the daily chart, an inside bar has formed today. Sustaining 24200 - 24240 is important to move up further.
Buy above 24260 with the stop loss of 24200 for the targets 24300, 24340, 24400, 24460 and 24500.
Sell below 24120 with the stop loss of 24180 for the targets 24080, 24020, 23980, 23940 and 23880.
The expected expiry day range is 23900 to 24400.
Always do your analysis before taking any trade.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Doublebottom breakout in KROSS
BUY TODAY SELL TOMORROW for 5%






















