UNION BANK **Union Bank – Multi-Year Breakout with Strong Long-Term Potential**
Union Bank has delivered a significant **multi-year breakout** above the **₹150–155** resistance zone, indicating the possibility of a sustained long-term uptrend. Following this breakout, the stock has the potential to move towards its **all-time high over the next 1–2 years**, provided the broader market and business fundamentals remain supportive.
From a macro perspective, PSU banks are expected to play a pivotal role in India's long-term economic growth. As India's economy continues to expand through increased infrastructure spending, credit growth, and financial inclusion, public sector banks are well positioned to benefit from this structural trend.
While private sector banks have consistently demonstrated strong performance and are likely to continue growing, I believe the coming decade could belong to **PSU banks**. Their improving asset quality, stronger balance sheets, and attractive valuations make them compelling long-term investment opportunities.
Among the PSU banking space, **Union Bank** stands out as one of the potential leaders and could be a key beneficiary of India's next phase of economic growth.
Long
Long
DMART **Retail King – Strong Long-Term Opportunity**
The company continues to demonstrate strong business fundamentals, supported by a robust balance sheet and consistent earnings growth. Despite the stock price remaining relatively stagnant over the past few years, the underlying business has continued to strengthen, creating the potential for a significant re-rating.
**Technical View:**
* A decisive breakout above the **₹4,790–4,800** resistance zone would confirm renewed bullish momentum.
* If the stock subsequently delivers a **strong monthly close above the ₹4,800–5,250 range**, it could signal the beginning of a major long-term uptrend.
* In such a scenario, the stock has the potential to target the **₹9,500–10,000** zone over the long term.
The combination of improving fundamentals and a confirmed technical breakout could make this stock one of the strongest retail sector leaders in the coming years.
Long
GOLD HOLDS 409X, BULLISH - CAN BULLS REACH 4200?Following the rejection from the 4135–4145 resistance zone, gold remains in a constructive short-term uptrend as price continues to defend the 4090–4100 breakout support area. The inability of sellers to break below this key support suggests that the recent decline is still a healthy pullback rather than a confirmed bearish reversal, while buyers remain in control of the broader short-term structure.
The upcoming week will be driven by several high-impact U.S. economic releases, including CPI, PPI, and Retail Sales, all of which are expected to generate significant volatility for both the U.S. Dollar and gold. From a technical perspective, the preferred scenario remains bullish as long as price continues to hold above support. A decisive breakout above 4135–4145 would likely confirm renewed buying momentum and pave the way toward higher resistance levels.
📍 Key Levels:
🔹 4090 – 4100
Primary support zone and preferred buying area.
🔹 4135 – 4145
Immediate resistance. A breakout would confirm bullish continuation.
🔹 4170 – 4185
First upside target.
🔹 4200 – 4220
Major higher-timeframe resistance zone.
✅ Preferred Scenario:
✔️ Gold continues holding above the 4090–4100 support zone.
✔️ A sustained breakout above 4135–4145 could extend the rally toward 4170–4185, with 4200–4220 as the next major upside objective.
✔️ If price loses the 4090 support, a deeper correction toward 4050–4060 may develop before buyers attempt to regain control. 
Long
CPI - GOLD NEXT WEEK: BREAKOUT OR SELLOFF?The trading week of July 13–17 is expected to be one of the most important of the month as markets prepare for a series of key U.S. economic releases, including CPI, PPI, and Retail Sales. These reports are likely to shape expectations for the Federal Reserve's policy outlook. If inflation remains sticky and consumer spending continues to show resilience, markets could reinforce the higher-for-longer interest rate narrative, supporting both the U.S. dollar and Treasury yields while keeping pressure on Gold. Conversely, softer inflation and weaker economic data could weaken the dollar and provide room for a broader recovery in precious metals.
From a technical perspective, Gold finished last week trapped within its broader bearish structure. Although buyers repeatedly defended the 4,100 psychological level and attempted to extend the recovery, every advance toward the Demand + Fibonacci + Descending Trendline resistance cluster was met with strong selling pressure. This suggests institutional sellers continue to defend premium pricing, preventing a confirmed trend reversal. On the downside, the 4,040 support zone has remained resilient, repeatedly attracting buying interest and preventing a breakdown. As a result, Gold is entering the new week compressed between major resistance and key support, with both sides waiting for a macro catalyst.
The upcoming inflation and consumer spending data could finally provide the catalyst needed to resolve this consolidation. Whether Gold breaks above the descending trendline or loses the key support zone will likely depend on how the market reassesses the Fed's policy outlook after next week's economic releases.
PRIMARY SCENARIO
If CPI and PPI continue to support a stronger U.S. dollar, Gold could once again face rejection around the Demand + Fibonacci 0.50–0.618 resistance cluster before retesting the 4,040 support area. A confirmed break below this zone would reinforce the broader daily bearish trend.
ALTERNATIVE SCENARIO
Should inflation ease more than expected and Retail Sales disappoint, Gold may finally break above the Demand + Descending Trendline confluence, confirming a bullish break of structure and opening the way toward the 0.786 Fibonacci resistance before encountering the next institutional supply zone.
MARKET VIEW
Current Bias: Bearish
Preferred Strategy: Sell the Rally – Wait Confirmation Short 
Long
XAUUSD 1H: Bullish MSS Confirms Demand ZoneTechnical Breakdown
Market Structure Shift (MSS): Following the initial bullish continuation (BOS), the market failed to sustain higher prices, putting in a distribution pattern. The aggressive push down violated the recent swing lows, confirming a bearish Market Structure Shift (MSS) on the hourly timeframe.
Liquidity Sweep (Line X): The downward expansion effectively swept sell-side liquidity resting below the key structural level marked as 'X'. This sweep successfully engineered the necessary liquidity to mitigate a deep demand pocket.
Demand Zone Mitigation: Price tapped cleanly into the 1H Demand Zone ($4,050 - $4,090) and immediate buying pressure stepped in, leaving a sharp rejection and a minor structural turnaround.
Upside Target (Supply Zone): The primary objective for this structural bounce is the unmitigated 1H Supply Zone resting around the $4,140 level, which aligns with the origin of the aggressive MSS drop.
Trading Plan
Bias: Bullish (Intraday Retracement)
Entry Range: Within the current 1H Demand Zone confirmation area ($4,080 - $4,100)
Invalidation: A clean hourly close below the demand zone low ($4,050)
Take Profit Target: $4,140 (1H Supply Zone) Long 
Reading the Full Structure ( Technical Terms ) This post is educational and observational in nature based on historical price action. It is not a forecast or a trading recommendation.
The Two Parallel Channels
-Marked with dotted white lines are two parallel channel structures on this chart, an upward one and a downward one, each telling a different part of the story.
-The downward parallel channel contains price within two descending parallel lines, and the breakout here happened by moving outside this channel, meaning price broke free of the falling structure entirely.
-The upward parallel channel works differently in this context. Its lower boundary is being treated as a trendline support, meaning the same rising line that once contained price within the channel is now acting as a floor that price is respecting from above.
-Together these two channels show how the same tool can serve two different purposes depending on the direction of the structure and where price is positioned relative to it.
The Descending Triangle Pattern
Marked in red is a descending triangle, formed by a flat support base at the bottom with a series of lower highs pressing down against it. This pattern typically reflects a struggle between sellers who are gradually stepping in earlier and buyers defending a consistent floor.
Disclaimer: This post is purely educational and observational in nature based on historical price action. It does not constitute financial advice, a forecast, or a recommendation to buy, sell, or hold any security.
Long
Bullish Setup: Support, Fibonacci Confluence and Fair Value GapPrice has retraced into a major support zone around $237–$239, where buyers previously stepped in. This area also aligns with the 0.50–0.618 Fibonacci retracement zone, creating strong technical confluence.
During the retracement, price entered a bullish fair value gap, suggesting that the imbalance could act as a demand zone. After briefly trading below the support area, price recovered and began forming higher lows, indicating that selling pressure may be weakening.
The bullish scenario remains valid while price holds above the $227–$230 invalidation zone. A sustained move above the nearby resistance and bearish fair value gaps around $247–$254 would provide further confirmation.
My upside target is approximately $278, which corresponds with the previous swing high and the 0 Fibonacci level. The setup offers an estimated 2.5 risk-to-reward ratio.
Key levels:
- Entry/support zone: $237–$240
- Stop-loss/invalidation: below $234
- Target: $275
This analysis is based on Fibonacci confluence, market structure, support and fair value gaps. It is not financial advice. 
Long
Long
Long
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Long
BTCUSDT Pullback From ResistanceBTCUSDT is trading just below a well-defined resistance zone around 64,450–64,650, where sellers have repeatedly capped upside momentum. Price has recovered strongly from recent lows but is now showing signs of slowing as it approaches this key supply area.
The current structure suggests that Bitcoin could make one more test of resistance before facing renewed selling pressure. If buyers fail to secure a decisive breakout above the resistance zone, a bearish rejection may trigger a pullback toward the highlighted demand zone (63,450–63,700).
A breakdown below the demand zone would increase the probability of a move toward the next support levels:
Target 1: 63,197
Target 2: 62,856
On the other hand, a strong hourly close above the resistance zone would invalidate this bearish outlook and could open the door for further upside continuation.
Key Levels
Resistance: 64,450–64,650
Demand Zone: 63,450–63,700
Target 1: 63,197
Target 2: 62,856
Bias: Bearish below resistance until a confirmed breakout occurs. 
Short
Long
Long 
Long 
Long
Coforge - Cup and handle pattern (not convincing yet)The small cup and handle pattern (in blue color) forming on Coforge does not give enough conviction to go long.
Other technical patterns are also not very convincing.
Indicator :Current Signal :Interpretation
EMA :Neutral/Turning :The short term EMA has started curling upward, signaling a shift in trend architecture from distribution to potential recovery, but the still below medium and long term EMA
RSI :Neutral (~60) :Hovering in a neutral zone, suggesting the stock is neither overbought nor oversold and has room to move if a breakout occurs.
MACD :Mixed :While the daily MACD shows improving momentum, the weekly and monthly readings remain bearish, suggesting longer-term caution is still warranted.
Volume :Moderate :Low below moving average volume
Bull Case : A successful breakout above ₹1,287 could target the ₹1,343–₹1,355 zone initially, with longer-term targets potentially reaching ₹1,550+ if the recovery sustains.
Bear Case : If the stock fails to hold above the first support at ₹1,211, it would suggest the breakout is stalling. A drop below ₹1,131 would put the 52-week lows back in focus.
Other Factors : Coforge is expected to consider a dividend at its Q4 FY26 board meeting on April 30, 2026, which could act as a near-term catalyst for price movement.
I will wait for forming of the larger cup (in orange color) near ₹1,500–₹1,550 before taking long view. Currently, Coforge is trading almost 36% below its 1 year high.
Disclaimer: This information is for educational purposes only and does not constitute financial or investment advice. Stock market investments are subject to market risks.
Long
Long
