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+. 
Long
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.
Long
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. 
Short
Long 
Short 
Short 
Short
Long
#NIFTY Intraday Support and Resistance Levels - 20/07/2026Nifty is expected to witness a gap-up opening following Friday's strong recovery and sustained buying interest. The index is trading above the immediate support zone around 24250–24300, indicating that bulls continue to maintain control. Traders should wait for confirmation after the opening before taking fresh positions.
If Nifty sustains above 24250–24300 after the opening, traders can consider long positions with upside targets of 24350, 24400, and 24450. A decisive breakout above 24500 will further strengthen the bullish momentum and can extend the rally towards 24650, 24700, and 24750+.
On the downside, if Nifty fails to hold 24200 and slips below this support, traders can consider short positions with downside targets of 24150, 24100, and 24050. Unless 24200 is broken decisively, avoid aggressive bearish trades as the overall intraday bias remains positive.
Overall, a gap-up opening is expected with a bullish bias. As long as Nifty holds above the 24250–24300 support zone, buying on dips remains the preferred strategy. Traders should avoid chasing prices near resistance and instead wait for confirmation around key breakout levels while maintaining disciplined stop-losses. MARUTISupport
S1: ₹13,400–13,450
S2: ₹13,180–13,250
S3: ₹12,950–13,000
Resistance
R1: ₹13,800–13,900
R2: ₹14,000–14,250
R3: ₹14,550–14,600
Trading Plan
Bullish Scenario
Buy only on a daily close above ₹13,900
Targets:
₹14,250
₹14,600
Stop Loss: ₹13,550
Bearish Scenario
If price closes below ₹13,180, downside may extend towards:
₹12,950
₹12,700
Stop Loss for short trades: ₹13,450
Technical View
RSI is around the neutral-to-bullish zone, indicating improving momentum.
MACD remains supportive of a recovery.
The stock is trying to form a higher-low structure after a prolonged correction, but confirmation requires a breakout above the immediate resistance zone.
Overall Bias
Above ₹13,900: Bullish continuation likely.
₹13,400–13,900: Range-bound; wait for breakout.
Below ₹13,180: Weakness may resume. Mahindra & Mahindra
R1: ₹3,180–3,200
R2: ₹3,280
R3: ₹3,350
Major Resistance: ₹3,450–3,500
Support Levels
S1: ₹3,120
S2: ₹3,060
S3: ₹3,000
Major Support: ₹2,900
Trading Setup
Bullish
Above ₹3,200 → Target ₹3,280
Above ₹3,280 → Target ₹3,350
Above ₹3,350 → Target ₹3,450–3,500
Bearish
Below ₹3,120 → Target ₹3,060
Below ₹3,060 → Target ₹3,000
Below ₹3,000 → Target ₹2,900
Key Level to Watch
₹3,200 is the immediate breakout level. A strong hourly close above it can trigger fresh upside momentum. Until then, expect consolidation between ₹3,120–3,200. 
Long
BAJFINANCEResistance
R1: ₹1,050–1,056
R2: ₹1,080–1,085
R3: ₹1,100–1,102 (52-week high zone)
Support
S1: ₹1,020–1,025
S2: ₹992–1,000
S3: ₹963–965 (major weekly support)
Trading Plan
🟢 Bullish Scenario
Sustaining above ₹1,050 can trigger a breakout.
Upside targets:
₹1,080
₹1,100
₹1,130 (if momentum continues)
🔴 Bearish Scenario
A close below ₹1,020 may invite profit booking.
Downside levels:
₹1,000
₹992
₹963
Trend View
Short-term: Bullish
Swing Trend: Bullish above ₹992
Momentum: Positive with buyers in control, but watch for rejection near ₹1,080. TitansTrading Plan
Bullish Scenario
Buy only if price closes above ₹4,680 on the 1-hour chart.
Targets:
₹4,700
₹4,725
₹4,750
Stop Loss: ₹4,640
Pullback Buy
If price retraces to ₹4,638–4,610 and forms a bullish reversal candle, it offers a better risk-reward entry.
Stop Loss: Below ₹4,580.
Bearish Scenario
If price breaks and closes below ₹4,605, expect a move toward:
₹4,580
₹4,545
Price Structure
✅ Higher Highs: Yes
✅ Higher Lows: Yes
✅ Momentum: Positive
⚠️ Price is near resistance, so a breakout confirmation is preferable to chasing.
Probability
Bullish continuation: 70%
Range/Consolidation: 20%
Bearish reversal: 10% (unless ₹4,605 is broken decisively)
Levels to Draw on TradingView
🔴 Resistance 2: ₹4,700
🔴 Resistance 1: ₹4,680
🟢 Support 1: ₹4,640
🟢 Support 2: ₹4,605
🟢 Major Support: ₹4,580
🟢 Trend Stop: ₹4,545
Overall, the chart remains constructively bullish. The key decision point is ₹4,680: a strong breakout above it could open the way toward ₹4,725–₹4,750, while failure and a break below ₹4,605 would shift the short-term outlook to neutral or bearish. SUNPHARMASupport
S1: ₹1,855–1,840
S2: ₹1,815–1,800
S3 (Strong): ₹1,780–1,790
Resistance
R1: ₹1,900–1,905
R2: ₹1,918–1,950
R3: ₹1,990 (major swing target on a confirmed breakout)
Trading Plan
🟢 Bullish Scenario
Buy only after a sustained breakout above ₹1,905 with strong volume.
Targets:
₹1,950
₹1,990
Stop-loss: Below ₹1,865 or according to your risk management.
🟡 Buy-on-Dips
Watch the ₹1,840–1,865 zone for bullish reversal candles.
Stop-loss: Below ₹1,790.
🔴 Bearish Scenario
A daily close below ₹1,800–1,790 could weaken the structure and open the way toward lower support levels. Asian PaintsCurrent Price: ~₹2,689
🟢 Support Zones
₹2,670–2,675 – Immediate support
₹2,645–2,650 – Strong demand zone
₹2,620–2,630 – Major swing support
🔴 Resistance Zones
₹2,705–2,720 – First resistance
₹2,740–2,750 – Breakout level
₹2,800–2,850 – Positional target zone
Trading View
Bullish Scenario
Sustaining above ₹2,720 can trigger momentum toward:
₹2,750
₹2,800
₹2,850
Bearish Scenario
If price closes below ₹2,645, downside may extend toward:
₹2,620
₹2,580
Swing Trading Strategy
Buy on dips: ₹2,660–2,675 (only if bullish reversal appears)
Breakout Buy: Above ₹2,720 with strong volume
Stop Loss: Below ₹2,640
Swing Targets: ₹2,750 → ₹2,800 → ₹2,850
Technical Outlook
Trend: Mild Bullish
Momentum: Neutral to Positive (RSI ~52)
Bias: Buy on dips while price remains above ₹2,645. A decisive breakout above ₹2,720 would strengthen the bullish setup. 
Education
Trading AnalysisWhere is Nifty right now?
Nifty closed at 23,689 on Thursday May 14. After a brutal fall earlier this week (it touched ~23,300), it bounced back for 2 days in a row. So right now it's in a recovery mood — but it hasn't really "fixed" itself yet. Think of it like someone who had a fever, now feeling slightly better, but not fully healthy.
2 What's the wall above? (Resistance)
If Nifty tries to go up next week, it will hit a wall around 23,500–23,600 first. That's the first test. If it somehow crosses that, the BIGGER wall is at 23,900–24,000 — where all the major moving averages (50-day & 200-day) are sitting. Lots of sellers will be waiting there to book profits. So going above 24,000 next week? Unlikely unless something very positive happens.
3 What's the floor below? (Support)
If Nifty starts falling, the first safety net is around 23,300–23,150. This zone has held multiple times recently. If it breaks this level decisively (and stays below it), then the next stop could be 23,000 or even 22,900. That's the danger zone — but that's not the most likely scenario for next week.
