TORRENTPOWER - A Technical AssessmentNSE:TORNTPOWER
Torrent Power: Major Structural Retest at Key EMA Confluence
Overview
Torrent Power Ltd. ( TORNTPOWER ) has spent several months building a massive, highly defined institutional base. After a powerful structural breakout, the stock is currently undergoing a healthy, low-volume corrective pullback to a major confluence support zone. The risk-to-reward ratio here is highly asymmetric for a long position.
Key Technical Pillars:
Supply Exhaustion & Structural Base: The ch
Fibonacci
SENSEX DAILY / Short Range Level Analysis: 18th May 2026๐ SGMN SplW BULLISH Above => 75515.
๐ SGMN SplW Bearish BELOW => 74974.
โโโ๐ก๐ข๐ต PCR Data Analysis๐ต๐ข๐กโโโ
๐ก 3rd Weekly EXP (21st May 2026) PCR Weekly Basis Analysis =>
Put OI: 3,83,180, Call OI: 3,95,115, PCR: 0.97. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment.
Intraday Change in Weekly Basis Data =>
Put OI Change: 1,86,091, Call OI Change: 2,08,759, Change OI PCR: 0.89. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment..
๐ฃ Monthly EXP.(27th May 2026) PCR Analysis:
Put OI:
BANKNIFTY DAILY / Swing Level Analysis for 18th May 2026BANKNIFTY DAILY / Swing Level Analysis for 18th May 2026
๐ SGMN SplW Above BULLISH BIAS => 54923.
๐ SGMN SplD BULLISH Above => 54022.
๐ SGMN SplD Bearish BELOW => 53413.
๐ SGMN SplW BELOW Bearish BIAS => 53066.
โโโ๐ก๐ข๐ต PCR Data Analysis๐ต๐ข๐กโโโ
๐ฃ Monthly EXP- 28th Apr 2026. PCR Analysis:
Put OI: 4,60,293, Call OI: 5,94,472, PCR: 0.77. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment.
Intraday Change in Monthly Basis Data =>
Put OI Change: 18,476, Call OI Change: 37,773, Change O
BANKNIFTY WEEKLY /Positional Level Analysis: 18th-22nd May 2026BANKNIFTY WEEKLY / Positional Level Analysis from 18th-22nd May 2026
๐ SGMN SplW Above BULLISH BIAS => 54923.
๐ SGMN SplW BELOW Bearish BIAS => 53066.
โโโ๐ก๐ข๐ต PCR Data Analysis๐ต๐ข๐กโโโ
๐ฃ Monthly EXP- 28th Apr 2026. PCR Analysis:
Put OI: 4,60,293, Call OI: 5,94,472, PCR: 0.77. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment.
Intraday Change in Monthly Basis Data =>
Put OI Change: 18,476, Call OI Change: 37,773, Change OI PCR: 0.49. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment.
Indian Oil Corporation (IOC) โ Elliott Wave Research PerspectiveIndian Oil Corporation appears to be trading within a broader bearish structure on the daily timeframe, with price action continuing below both the 50-day and 200-day moving averages โ indicating sustained medium-term weakness.
Wave C appears to have resumed downward momentum after rejection from the resistance band.
From an Elliott Wave perspective, IOC currently lacks bullish impulsive confirmation. Unless price reclaims and sustains above the invalidation level, rallies may continue t
Nifty Energy: Final Bounce Before the Deeper CorrectionThe Nifty Energy Index continues to trade within a higher-degree corrective structure rather than a fresh impulsive uptrend.
The decline from the highs appears to have completed Wave W, followed by an ongoing recovery in Wave X.
In the near term, the structure allows for one more upside phase . After a probable dip in wave (b), the index may attempt a final advance via wave (c) of (Y) of X, which is expected to unfold in three waves.
This move is likely to be selective and constituent-drive
NIFTY WEEKLY / Positional Level Analysis from 18th-22nd May 2026๐ SGMN SplWP Above BULLISH BIAS => 23924.
๐ SGMN SplD BULLISH Above => 23728.
๐ SGMN SplD Bearish BELOW => 23563.
๐ SGMN SplWP BELOW Bearish BIAS => 23356 .
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considere
NIFTY DAILY / Swing Level Analysis for 18th May 2026NIFTY DAILY / Swing Level Analysis for 18th May 2026
๐ SGMN SplD BULLISH Above => 23728.
๐ SGMN SplD Bearish BELOW => 23563.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considered as Sidewise. Aggressive Trade
(XAU/USD) TECHNICAL ANALYSIS OF GOLDGold Price Are Near to previous lows. We can also see a stucture change in 4760 levels which is our new higher highs. If it is the true structure change then the current lows(4547-4585) can act as higher lows.
As long as the prices are above 4512 we can see bullish move till 4900-5000. The moment we see closing of candle in larger timeframe under 4500 it can fall futher more to downside.
4500 is currently acting as a higher low in larger time frame.. is standing in strong levels.
*I am sharin
BANKNIFTY Short Range / Swing Level Analysis for 15th May 2026๐ SGMN SplW Above BULLISH BIAS => 56084 .
๐ SGMN SplD BULLISH Above => 54430.
๐ SGMN SplD Bearish BELOW => 53993.
๐ SGMN SplW BELOW Bearish BIAS => 54514.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considere
SENSEX DAILY / Short Range Level Analysis: 15th May 2026๐ SGMN SplWP BULLISH Above => 78394.
๐ SGMN SplD BULLISH Above => 75673.
๐ SGMN SplD Bearish BELOW => 74988.
๐ SGMN SplP BEARISH Below => 76470.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considered as Sid
NIFTY DAILY / Swing Level Analysis for 15th May 2026๐ SGMN SplWP Above BULLISH BIAS => 24478.
๐ SGMN SplD BULLISH Above => 23824.
๐ SGMN SplD Bearish BELOW => 23584.
๐ SGMN SplWP BELOW Bearish BIAS => 23915.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / conside
NIFTY DAILY / Swing Level Analysis for 14th May 2026NIFTY DAILY / Swing Level Analysis for 14th May 2026
๐ SGMN SplWP Above BULLISH BIAS => 24478.
๐ SGMN SplD BULLISH Above => 23494.
๐ SGMN SplD Bearish BELOW => 23335.
๐ SGMN SplWP BELOW Bearish BIAS => 23915.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โS
GU BULLISH IDEAPrice has taken in the liquidity which is previous day low and also prices mitigating 4h order block and itโs also Wednesday, so I am expecting price to reverse from this point and go take the high that I have marked as target!
IT CAN GO DEEPIN NYO SO MANAGEACCORDINGLY I MIGHT ADD MORE POSITIONS!
SENSEX WEEKLY EXP. / Short Range Level Analysis: 14th May 2026SENSEX DAILY / Short Range Level Analysis: 14th May 2026
๐ SGMN SplD BULLISH Above => 74879.
๐ SGMN SplD Bearish BELOW => 74351.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considered as Sidewise. Aggressive
NIFTY DAILY / Swing Level Analysis for 13th May 2026NIFTY DAILY / Swing Level Analysis for 13th May 2026
๐ SGMN SplWP Above BULLISH BIAS => 24478.
๐ SGMN SplD BULLISH Above => 23461.
๐ SGMN SplD Bearish BELOW => 23301.
๐ SGMN SplWP BELOW Bearish BIAS => 23915.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โ
BANKNIFTY Daily / Short Range Level Analysis for 12th May 2026๐ SGMN SplW Above BULLISH BIAS => 56084 .
๐ SGMN SplD BULLISH Above => 54789.
๐ SGMN SplD Bearish BELOW => 54178.
๐ SGMN SplW BELOW Bearish BIAS => 54514.
โโโ๐ก๐ข๐ต PCR Data Analysis๐ต๐ข๐กโโโ
๐ฃ Monthly EXP- 28th Apr 2026. PCR Analysis:
Put OI: 4,27,500, Call OI: 5,47,727, PCR: 0.78. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment.
Intraday Change in Monthly Basis Data =>
Put OI Change: 4,583, Call OI Change: 38,189, Change OI PCR: 0.12. Trend Strength: ๐ Bearish with ๐ Extreme Bear
NIFTY Weekly Exp / Swing Level Analysis for 12th May 2026๐ SGMN SplWP Above BULLISH BIAS => 24478.
๐ SGMN SplD BULLISH Above => 23919.
๐ SGMN SplD Bearish BELOW => 23726.
๐ SGMN SplWP BELOW Bearish BIAS => 23915.
Mentioned analysis based on 2 consecutive candle close in 15 min Time Frame.
โโโ๐ก๐ข๐ต PCR Data Analysis๐ต๐ข๐กโโโ
๐ก 2nd Weekly EXP (12th May 2026) PCR Analysis:
Put OI: 18,50,720, Call OI: 32,47,710, PCR: 0.57. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment
Intraday Change in Weekly Basis Data =>
Put OI Change: -51,186, Call OI
XAUUSD (1H): Trendline Resistance ya Demand Zone Retest?Gold price abhi ek crucial demand zone (4,660 - 4,670) aur descending trendline ke beech squeeze ho raha hai. Jaisa ki chart par blue path show kar raha hai, price abhi thoda resistance face kar raha hai aur ek baar phir se niche 0.5 level (4,660) par liquidity grab karne aa sakta hai.
Agar price is strong support area ko hold karta hai aur ek accha reversal pattern banata hai, toh hum ek massive bullish breakout dekh sakte hain jo trendline ko break karke seedha upper supply zones tak jayega.
UKOIL: At a Glance Level Analysis for 11th May 2026UKOIL: At a Glance Level Analysis for 11th May 2026
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias.
L#2: Possibility / Probability of REVERSAL near ๐RLB#1 & ๐UBTgt
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considered as Sidewise. Aggressive Traders can take Long position near โSell Genโ either retesting or crossed from Below & vice-versa i.e.
NIFTY Weekly UpdateNIFTY has traded in the range of 23880-24480 for the last week, closing ~180 points higher for the week. 23850 acted as a good support level in the past, especially in the last few weeks, given it is also 78.6% fibonacci level. I expect the market to trade in the same range for the current week, unless there is a big positive or negative development in the geopolitical situation. On the downside, 22800 can act as a support level. While on the other side, 24800 will act as a resistance level.
Let
SENSEX DAILY / Short Range Level Analysis: 11th May 2026๐ SGMN SplWP BULLISH Above => 78394.
๐ SGMN SplD BULLISH Above => 77583.
๐ SGMN SplD Bearish BELOW => 77170.
๐ SGMN SplP BEARISH Below => 76470.
โโโ๐ก๐ข๐ต PCR Data Analysis๐ต๐ข๐กโโโ
๐ก 2nd Weekly EXP (14th May 2026) PCR Weekly Basis Analysis =>
Put OI: 3,38,131, Call OI: 4,34,742, PCR: 0.78. Trend Strength: ๐ Bearish with ๐ Bearish Sentiment.
Intraday Change in Weekly Basis Data =>
Put OI Change: 1,49,085, Call OI Change: 2,41,246, Change OI PCR: 0.62. Trend Strength: ๐ Bearish with ๐ B























