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BTCUSD: A Critical Test at ResistanceBitcoin is approaching an important resistance zone, an area where buyers have struggled before and sellers have repeatedly stepped in to defend. This level could become the next major decision point. If price returns to this area, the reaction will show whether buyers still have enough strength to continue the recovery or if sellers are preparing another rejection.
A failure to break through this zone, followed by signs of weakness such as long upper wicks, bearish candles, or fading momentum, could trigger a pullback toward the 65,000 support area. On the other hand, if buyers break and hold above this resistance with strong momentum, it would invalidate the bearish idea and open the door for further upside.
For now, this is the area I’m watching closely. The next reaction here could define Bitcoin’s short-term direction.
I’m only sharing my perspective on the chart, not financial advice. Always wait for confirmation and manage your risk carefully. 
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XAUUSD: Double Bottom Forming – Is a Reversal Coming?Gold has been under pressure for several weeks, moving lower with strong bearish momentum.
But recently, price started to stabilize around the 4,000 support zone, creating two similar lows. This structure is beginning to form a potential Double Bottom pattern — one of the most watched reversal patterns in technical analysis.
At first glance, this looks like a sign that sellers are losing control.
However, a Double Bottom is not confirmed simply because two lows appear on the chart. The key level is the neckline, where buyers need to prove they have enough strength to take back control.
Right now, the market is approaching this important decision point.
The first reaction from the support zone showed that buyers are defending this area. The second test created a similar low, suggesting that selling pressure may be weakening and accumulation could be taking place.
But the real confirmation comes from the breakout.
If XAUUSD breaks above the neckline and successfully retests it as support, the Double Bottom structure would become much stronger. In that scenario, the next target could be around 4,340.
However, if price fails to break the neckline and gets rejected again, this pattern could turn into another consolidation phase, allowing sellers to regain control.
This is why patience matters here.
A Double Bottom can mark the beginning of a reversal, but entering too early means taking the risk before the market has confirmed its intention.
The next move around the neckline will tell us the real story.
Are you seeing a true reversal setup on Gold, or just another temporary bounce within the bigger trend? 
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The Trading Bucket List: What Every Trader Should AchieveEveryone has a bucket list.
Travel somewhere you've always dreamed of. Buy your dream home. Retire early. Build financial freedom.
Traders have one too.
"I want to make my first $100,000."
"I want to quit my job."
"I want to catch the next Bitcoin bull run."
"I want to double my account this year."
There’s nothing wrong with those goals.
The problem starts when they become the only thing you're thinking about.
The market doesn't pay you for having big ambitions. It pays you for making good decisions, over and over again.
One thing I've noticed after years of watching traders is that the profitable ones don't obsess over the finish line.
They obsess over today's execution.
Instead of asking, " How much can I make this month? ", they ask questions like:
✔️ Did I follow my trading plan?
✔️ Did I wait for my setup instead of forcing a trade?
✔️ Did I respect my stop loss?
✔️ Did I manage my risk exactly as planned?
✔️ Did I journal today's trades honestly?
These questions don't feel exciting.
But they're the reason some traders stay in the game while others keep starting over.
Think about what usually happens after two or three losing trades.
Many traders suddenly abandon their strategy. They increase position size, move stop losses, or start taking setups that weren't even part of the original plan.
Then they blame the strategy.
In reality, the strategy never had a fair chance because it was never executed consistently enough to produce reliable data.
That's one of the hardest lessons in trading.
A strategy can't prove itself if you change the rules every few days.
Ironically, consistency is boring.
Waiting is boring.
Following the same checklist every day is boring.
But so are professional athletes practicing the same movement thousands of times.
That's exactly why they become professionals.
Trading works the same way.
Your edge isn't built by one amazing trade.
It's built by hundreds of ordinary trades executed with discipline.
So maybe it's time to rewrite your trading bucket list.
🪣 Instead of writing:
❌ Make $1 million.
❌ Never lose again.
❌ Find the perfect strategy.
Try writing this instead:
✔️ Follow my trading plan for the next 30 trades.
✔️ Risk the same amount on every position.
✔️ Never move my stop loss because of emotion.
✔️ Review every trade before opening the next one.
✔️ Accept that missing a trade is better than forcing one.
The funny thing is...
When you stop chasing profits and start mastering your process, your results often become much more consistent.
Maybe that's what successful trading has always been about.
Not finding the perfect strategy.
But becoming the kind of trader who can execute a good one, every single time.
💬 If you could add just one rule to your trading bucket list today, what would it be? I'd love to hear your answer. Education 
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Nifty 50 Under Pressure: Last 15 Days - Clear Bearish MomentumOver the last 15 trading days Nifty 50 showed a clear downtrend with periodic short-lived bounces, falling from mid‑24,000s toward the low‑23,000s before a small intraday recovery near 24,000.
Recent price action
The index moved from roughly the mid‑24,000s about two weeks ago to intraday lows in the low‑23,000s, reflecting sustained selling pressure over the period.
There were couple of green candles (short rebounds) that retraced a portion of the drop, but resistance around 24,000–24,100 capped gains and the overall trajectory remained downward.
Technical note
Support clustered near 23,600–23,700 while resistance remained near 24,000–24,100, so the short‑term bias stayed bearish until a decisive close back above that resistance zone.
refer below chart for previous marked levels and how it panned out.
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24th Jul 2026 - Nifty Report - Loss of 566pts, Oil @ $100Nifty Stance: Bearish
Last week we had given a neutral call, but Nifty fell by over -566pts (-2.33%) to negate the bullish candle formed last week. Not just that, Nifty managed to break four supports (24335, 24192, 23925 & 23793) and is now trading at a level near the 12th March period. This also means over the last 4 months, we literally went nowhere and were stuck in a broader consolidation.
One of the reasons Nifty broke the 24000 levels, which it held up quite decently in the last two months, is price corrections in HDFC, RELIANCE, SBIN, INFY, and ITC; together, they account for 29% of Nifty50. The other could be significantly attributed to Crude Oil rising above 100 USD, an appreciation of 11.8% this week on fresh US-Iran military strikes.
Next week's outlook is mostly bearish because the faster EMA (blue) is crossing the slower EMA (green) from top to bottom, as indicated by the Red Arrow marker. The ADX is still around 11.27 and significantly below 20, signaling that a major trend may be ruled out.
On the IPO front, SBI Funds Management listed at 618.35 (approx 7.7% premium) but hit a weekly low of 572 before closing at 588. For those who did not get an IPO allotment, even after a 42x subscription, there was an opportunity to buy it at discounts post-listing.
Important Things to Watch for the Next Week
Quarterly Earnings: BEL, Coal India, Tata Power, Canara Bank, Indus Towers, L&T, HUL, Varun Beverages, Chola Investments, Tata Capital, Ambuja Cements, Adani - Ent & Ports, Asian Paints, Eicher Motors, Bajaj - Finance & Finserv & Holdings, M&M, Tata Steel, Torrent Pharma, Hyundai, IRFC, Mankind Pharma, Sunpharma, Maruti, ITC, IOC, ABB, Gail, Divis Labs, etc.
Data points to watch from a domestic perspective: Industrial Production, Manufacturing Output, M3 money supply, Gross Tax Revenue, and GST collections.
Data points to watch from a global perspective: US crude oil inventories, FED rate decision, FOMC statements, GDP QoQ, Jobless Claims. UK's BOE Interest Rate Decision, Eurozone CPI, Japan's Interest Rate Decision.
IPO Listing: Gulf Lloyds on 27th, Metalic Technoforge on 28th, Shree Balaji (Mala) Textiles and Cube Highways Trust on 29th July.
If Nifty moves up, the resistance levels are 23793, 23925, and 24192. If Nifty falls, the support levels are 23357, 22781, and 22519.
DISCLAIMER
Investments in the securities market are subject to market risks, including the potential loss of principal. Past performance does not guarantee future results. Information provided is for educational purposes only and should not be considered financial advice. Investors should read all related documents carefully and consult a certified advisor before investing. Registration granted by SEBI and Enlistment with RAASB/BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The investor is requested to take into consideration all the risk factors before actually trading in stocks or derivatives. The SEBI RIA license INA000021757 & RA license INH000025045 are for Balachandran RV Short 
Tata Power Q1 FY27 Analysis: R/R Setup & Levels Ahead of Jul 27Breakdown of earnings expectations for the upcoming Q1 FY27 results announcement on July 27, 2026:
1. Quarter-on-Quarter (QoQ) Expectations vs Q4 FY26
Revenue Outlook (QoQ Seasonality): Historically, Q1 (April–June) experiences peak summer electricity demand across India, driving higher power generation, increased distribution volume across discoms, and elevated peak tariffs. Revenues are generally expected to pick up sequentially over Q4 FY26 (which stood at ~₹15,962–14,900 crore).
Operating Profit (EBITDA): Operating margins are projected to hold steady around 19%–21%, supported by robust rooftop solar installations, cell/module manufacturing yields (TP Solar), and steady growth in Odisha DISCOMs.
Net Profit (PAT): Market analysts expect consolidated Net Profit to remain steady to slightly elevated in the range of ₹1,250 – ₹1,400+ Crore (compared to ₹1,416 crore in Q4 FY26 and ₹1,262 crore in Q1 FY26).
2. Key Business Drivers to Watch
1. Renewables & Solar Manufacturing (TP Solar): Scaling up cell and module manufacturing capacity and strong execution in rooftop solar verticals.
2. Thermal & Generation Margins: Summer heatwave demand driving generation plant load factors (PLFs).
3.Power T&D and Odisha Discoms: Continued operational efficiency improvements and cross-border power sales expansion.
3. Impact on Chart & Technical Setup
If QoQ Numbers Beat Expectations: A strong result is likely to trigger a volume surge pushing the stock above ₹385.50, confirming the technical breakout toward Target 1 (₹406.50) and Target 2 (₹424.15).
If QoQ Numbers Drag/Miss: A weaker-than-expected margin or profit drop could cause a retest of the ₹370.70 strong support level or trigger the ₹362.90 stop loss.
Key Levels Identified on Chart
Current Market Price (CMP): ~₹375.25
Strong Support Zone: ₹370.70 – ₹375.25
Stop Loss (SL): ₹362.90
Buy Breakout Trigger: Above ₹385.50 (Above the 25-day EMA at ₹383.76)
Targets:
Target 1 (Primary): ₹406.50 (~5.4% gain from breakout)
Target 2: ₹424.15 (~10% gain from breakout)
Target 3: ₹461.55 (~19.7% gain from breakout)
Disclaimer: aliceblueonline.com
