Harmonic Patterns
Gold Bears Still Holding Control: Key Levels Gold continues trading below the key 4540–4550 resistance zone, keeping short-term bearish pressure intact.
📊 Key levels traders are watching:
• Resistance: 4540–4550
• Immediate support: 4510–4500
• Major downside target: 4480
As long as price remains below resistance, sellers may continue targeting lower support zones.
A confirmed breakdown and stabilization below 4500 could open the door for a stronger continuation move toward 4480.
NTPC Limited Technical Analysis SummaryNTPC Limited Technical Analysis Summary
1. Market Structure & Trend Overview
NTPC is currently displaying a strong intraday recovery, trading up at 392.10 (+0.69%). After facing a healthy correction from its recent swing highs near the 414.20 level, the price has pulled back into a major Discounted Demand Zone.
Key Price Action Levels
Current Price: 392.10
Session Open: 386.10
Session Low: 384.00 (Strong lower wick rejection showing heavy institutional buying at the demand floor)
Session High: 392.50
Immediate Trigger Resistance: 393.85
Major Upside Target: 414.20
The Support Cluster: The current price action around 392.15 is consolidating right above the 9-Week SMA line.
Confluence: The fact that this moving average aligns perfectly with the defined Discounted/Demand Zone on your chart adds multi-layer technical confirmation.
The successful defense of the 9-Week SMA, while remaining well above the macro Supertrend floor (363.72), indicates that the correction is likely over. This structural support bounce lays the groundwork for a bullish continuation toward the initial breakout target of 414.20
Strategic Trade Execution Setup
Strategy: Breakout Continuation from Demand Zone
Entry Trigger: Look for a sustained move or a confirmed daily close above 393.85.
Stop Loss (SL): 384.90 (Placed just below the day's structural low to protect capital against sudden market reversals).
Upsid Target (TP): 414.20 (Targeting a clean retest of the previous structural swing high block).
The stock has successfully mitigated its immediate demand zone and printed a sharp reversal from the day's low of 384.00. As long as the price action sustains above the key Supertrend floors, the structural bias remains heavily skewed to the upside. A clean breakout past 393.85 opens up immediate room for a rally toward the 414.20 target zone.
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GROWW: Reversal from Key Demand ZoneMarket Context & Rationale:
Billionbrains Garage Ventures Limited (GROWW) is displaying a strong structural setup on the daily chart. Following a correction from its recent highs, the stock has successfully established a robust demand zone between the 183.00 and 189.00 levels.
Sellers appear exhausted at these lower levels, and price action is beginning to stabilize right around the 23.60% Fibonacci retracement level (191.14). A sustained daily close above this line will confirm a short-term trend reversal and open up a clear runway toward the next technical hurdle.
Fundamentally, this setup is supported by the company's massive financial turnaround in its recent Q4/FY26 results, reporting a net profit of ₹2,083 crore and a strong 62.4% EBITDA margin, alongside its upcoming inclusion in the FTSE Global Indices this June.
The Trade Setup:
Entry Range: 189.25 – 191.14 (Ideal on current consolidation or on a confirmed daily breakout above 191.14)
Primary Target: 202.94 (Aligns with the 50.00% Fibonacci retracement level and structural resistance)
Stop Loss: 182.75 (On a daily closing basis; a break below this invalidates the accumulation zone)
Risk-to-Reward Ratio: ~1:2
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NIFTY- Intraday Levels :- 27th May 2026
NIFTY sustain above 24940/56/74 above this bullish then 24017/22/27 then around 24042/57/70 above this more bullish then above this wait more levels marked on chart.
If NIFTY sustain below 23853/39/25 below this bearish then around 23798/57/43 thnen23686/80 below this more bearish below this wait more levels marked on chart
My view :-
"My viewpoint, offered purely for analytical consideration, The trading thesis is: Nifty (bullish tactical approach: buy on dip)
New series (June month) contracts will be traded actively so wait for market to make a bottom tomorrow. If it opens gapup (positive) this levels/view may not work perfectly.
This analysis is highly speculative and is not guaranteed to be accurate; therefore, the implementation of stringent risk controls is non-negotiable for mitigating trade risk."
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
EURUSD Tests Resistance Before Next MoveEURUSD is attempting a technical rebound after the recent decline, but price is still below the major EMA near 1.1665. This means bearish pressure has not fully disappeared yet.
The most important resistance zone is 1.1650–1.1670. A rejection from this area could send price back toward 1.1600–1.1585.
Trade Plan
Sell scenario: wait for EURUSD to retest 1.1650–1.1670. If H4 rejects clearly, target 1.1600–1.1585.
Buy scenario: only consider long if price closes firmly above 1.1670 on H4. Targets: 1.1700 and 1.1720.
Invalidation: if price holds above 1.1670, the bearish pullback setup becomes weaker.
XAUUSD: Weekly recovery remains pressured◈ XAUUSD: Weekly Recovery Is Still Under Pressure
Gold is trying to stabilize after reacting from the 4,498 buyside liquidity area, but the broader weekly structure still remains fragile. From Kelly’s view, the current rebound is technically important, yet it has not fully confirmed a bullish reversal while price continues to trade below the larger descending trendline.
This week, gold attracted fresh selling pressure as the US Dollar recovered, supported by expectations that the Federal Reserve may remain hawkish for longer. At the same time, mixed signals around the US-Iran peace process kept geopolitical risk alive, but not strong enough to fully protect gold from dollar strength.
⟡ Weekly structure
The chart shows gold still moving beneath the main bearish trendline drawn from the previous highs. The market has already broken the earlier recovery structure and is now attempting to rebuild from the lower liquidity zone around 4,498–4,500.
The reaction from this area shows that buyers are still active, but the rebound remains limited while price trades around 4,530–4,580. That means gold is stabilizing, but it is not yet showing a clean bullish continuation.
The most important point is simple: gold has bounced, but it has not reclaimed the broader structure.
➤ Key levels
◌ 4,498: buyside liquidity and main weekly support
◌ 4,532: current reaction area
◌ 4,584: first recovery target and short-term resistance
◌ 4,620–4,660: stronger supply area if momentum expands
◌ 4,440–4,460: downside risk zone if 4,498 fails
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to have completed a short bearish 5-wave sequence into the 4,450–4,500 region. The current bounce may be the beginning of an A-B-C corrective recovery, but confirmation is still missing.
For the recovery to gain quality, price needs to hold above 4,498 and push through 4,584 with stronger acceptance. If that happens, gold could extend towards the 4,620–4,660 resistance region.
If price fails below 4,584 and starts losing momentum again, the rebound may remain only corrective before another downside test.
▸ Trendline and liquidity reading
The descending trendline is still the main boundary for the weekly structure. As long as price remains beneath it, the market continues to trade inside a defensive framework.
The 4,498 zone is important because it sits near the latest liquidity reaction. If buyers continue to defend this area, gold may attempt a recovery towards the upper resistance levels. But if this zone breaks, the market could quickly rotate back towards 4,440–4,460.
⌁ Macro backdrop
Gold remains caught between two forces.
On one side, geopolitical uncertainty around the US-Iran situation can support safe-haven demand. On the other side, a stronger US Dollar and expectations of a more hawkish Fed continue to limit upside momentum.
For Kelly, the macro picture explains the volatility, but the chart structure still defines the direction.
⌁ Kelly’s view
For Kelly, this is a recovery attempt inside a still-defensive weekly structure. The bounce from 4,498 is meaningful, but gold needs to reclaim 4,584 before the recovery becomes more convincing.
If 4,498 continues to hold, the market may attempt another push towards 4,584 and then 4,620–4,660.
If 4,498 fails, downside pressure could return quickly, with 4,440–4,460 becoming the next important reaction zone.
The weekly message is clear: gold is trying to recover, but the larger trendline pressure still controls the structure. Until resistance is reclaimed, the rebound remains fragile rather than fully bullish.
FTSE 100 Gains: A Blessing from Cyclical Index CompositionFTSE 100 Gains: A Blessing from Cyclical Index Composition PEPPERSTONE:UK100
The UK stock exchange's regular trading session on Tuesday afternoon, May 26, 2026, showcased a remarkably robust macroeconomic deconstruction.
While mainland European markets were extremely cautious (the STOXX 600 moved sideways due to concerns about a fighter jet attack in the Strait of Hormuz), London's FTSE 100 index surged more than 0.5%.
This powerful acceleration was a combination of catch-up trades following yesterday's UK public holiday, as well as the FTSE 100 index composition, which mechanically benefited from rising Brent crude oil prices due to the latest military escalation.
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✅ Defense & Pharmaceutical Stocks Surge
- Strait of Hormuz Tensions Effect (Week 12): The US Central Command's report of a US-Israeli fighter jet airstrike on an Iranian logistics ship immediately sent capital into defense stocks. Babcock International surged 2.1%, followed by Rolls-Royce (up 1%), and BAE Systems (up 0.5%).
- Pharmaceutical Stocks Defensive Anchor: Global healthcare giants also supported the index, with AstraZeneca and GSK both rising in the 0.5%-1% range.
Intraday AnalysisOption Chain Analysis: Decoding Open Interest (OI) to find where the "Big Players" are positioned.
FII/DII Data: Understanding institutional activity and its impact on market direction.
Intraday Strategies: Scalping and swing setups using Price Action and key EMAs.
Global Market Cues: How GIFT Nifty and US Markets might influence our opening.
Technical AnalysisCore of Technical Analysis
Technical Analysis is the study of past price movements, volume, and market trends to predict future price direction.
3 Main Principles:
Market Discounts Everything
All news, emotions, and fundamentals are already reflected in price.
Prices Move in Trends
Markets usually move in uptrend, downtrend, or sideways trends.
History Repeats Itself
Human psychology creates repeating chart patterns.
Key Tools:
Charts (Candlestick, Line, Bar)
Support & Resistance
Trendlines
Indicators (RSI, MACD, Moving Averages)
Volume Analysis
Patterns (Head & Shoulders, Double Top, Triangle)
Goal:
Find good entry, exit, and risk management points for trading.
Option Trading #2NIFTY 50 and Reliance Industries Option Trading
NIFTY 50 Option Trading
Why Traders Prefer NIFTY Options
High liquidity
Tight bid-ask spread
Smooth price movement
Suitable for scalping and intraday trading
Best Strategy for NIFTY
Trend Following Strategy
Buy CE when:
Price above VWAP
Put writing increases
Resistance breakout confirmed
Buy PE when:
Price below VWAP
Call writing increases
Support breakdown confirmed
Institution Option Trading Part-1PCR means Put Call Ratio
It tells us how many Put options and Call options people are buying or trading.
Why it matters for institution trading
Big players mostly use options. So PCR helps us understand what big money may be thinking.
If PCR is high
More puts than calls.
Means traders are scared or taking protection.
Sometimes big players expect weakness.
If PCR is low
More calls than puts.
Means confidence in upside.
Sometimes market is bullish.
Why learn this
Price only shows movement.
PCR shows mindset behind movement.
Institutions think different
Retail people chase candles.
Institutions manage risk first.
GBP/USD Struggles to Maintain MomentumOANDA:GBPUSD GBP/USD (Cable) struggled to maintain momentum after briefly breaking through the psychological level of 1.3500 (a 1.5-week high) the previous day.
The spot price reversed course and weakened slightly to around 1.3485 in today's Asian session, pressured by a modest rise in the US dollar (USD) triggered by the latest military escalation in the Middle East.
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✅ Fundamental Dynamics: Geopolitical Pull Against USD Correction Trend
The US dollar's strength was driven by a combination of physical tensions and monetary expectations:
- ⚡CENTCOM Military Action: Reports that US forces launched self-defense airstrikes against Iranian missile sites and minesweepers dashed optimism about a ceasefire last weekend. The conflict, now entering its third month, continues to block 20% of global oil supply, maintaining a safe-haven premium for the USD.
- ⚡Inflation & Fed Rate Concerns: A renewed surge in crude oil prices has fueled concerns that inflation will become stubborn again. Market participants responded by increasing hawkish speculation, with the probability of the Federal Reserve raising interest rates by 25 bps by the end of the year climbing to 41% according to the CME FedWatch Tool.
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✅ Critical Price Levels to Watch
- ⚡Immediate Resistance (1.3517): The 61.8% Fibonacci level, which serves as a key gateway to retest the recent swing high at 1.3649.
- ⚡Crucial Support (1.3460): If this level is decisively broken at the close of the New York session, bullish sentiment will be extinguished, opening the door to a decline to the 38.2% Fibonacci level at 1.3435.
Silver Retests Supply but Sellers Still LeadXAGUSD failed to hold the strong rally toward 88–89 and dropped sharply back to 74–75, showing that the market has shifted from FOMO into distribution.
The recent rebound into 77.10–77.80 was rejected around the EMA cluster, confirming this zone as short-term supply. As long as silver remains below the larger EMA and cannot hold above 77.80, sellers still have the upper hand.
Trade Plan
Sell setup: wait for a rebound toward 77.10–77.50. If price rejects clearly, targets are 75.50 and 75.00.
Continuation sell: if 75.00 breaks, the next downside zone is 74.20–73.80.
Buy setup: only consider buying if XAGUSD closes firmly above 77.80 and holds this zone as support.
Invalidation: strong H4 close above 77.80.
Gold Prices Vulnerable to Fall Due to Geopolitical PressureGold prices (XAU/USD) are again under heavy selling pressure after enjoying a temporary recovery.
The reality of armed conflict on the ground and the threat of structural inflation due to a global oil supply cut have triggered capital outflows from bullion assets and toward US Dollar (USD) liquidity.
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✅ Geopolitics: CENTCOM Strike in the Strait of Hormuz & Blockade of 20% of Global Oil
Direct military action in the Gulf erases any false optimism from weekend talks:
- 🔸US Self-Defensive Strike: An official report from US Central Command (CENTCOM) confirmed that US forces launched tactical airstrikes in southern Iran. The operation targeted an active missile launch site and a fleet of speedboats caught in Tehran attempting to plant new sea mines.
- 🔸Global Energy Crisis: The war, now nearly in its third month, has effectively blocked maritime traffic in the Gulf, cutting off nearly 20% of global crude oil supplies.
- 🔸Risk Premium for USD: Coupled with the US Navy's total blockade of Iranian ports, crude oil prices immediately soared from a two-week low. However, rather than benefiting gold, this high risk premium actually strengthened the USD's traction as the most liquid primary reserve currency in times of energy crisis.
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✅ XAU/USD Technical Analysis (Intraday)
Technically, the chart structure implies that the path of least resistance for gold is downward:
- 🔸 Momentum Reversal: Gold's failure to sustain its rally above the $4,580 area following the CENTCOM attacks proves that market participants used the rise to open new short positions (sell on rallies).
- 🔸 Downside Target: The short-term focus is a retest of the structural floor around $4,450. If this level is breached by the close of trading this week, gold is at risk of falling to a deeper macro support area.
- 🔸 Resistance: The $4,590 - $4,600 area is now a very strong upper limit that is difficult to break without a real military de-escalation in writing.
Dollar Rebounds to 99.10 After US CounterattackThe US Dollar Index (DXY) recovered from the previous day's modest decline and climbed to around 99.10 in today's Asian session.
The classic tug-of-war between the optimism of Donald Trump's "dinner table" diplomacy and the reality of military friction on the ground has again triggered capital flows into the safe-haven greenback.
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✅ Geopolitics: US "Self-Defensive Strike" Bluff in the Gulf
Markets quickly responded to the latest military escalation that dashed hopes of an immediate de-escalation last weekend:
- Missile Launch Incident: A Fox News report revealed that US military forces launched a self-defensive airstrike in southern Iran on Monday.
- Operational Target: A US Central Command (CENTCOM) spokesperson confirmed the strike targeted an active missile launch site and Iranian speedboats detected attempting to plant new sea mines in the crucial waterway.
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✅ Trump's Rhetoric vs. Hawkish Fed Bets
On the other hand, internal US dynamics provide a dual foundation for the DXY's strength:
- Trump's Claims: In contrast to the Gulf skirmishes, a Bloomberg report states that President Donald Trump remains optimistic and claims that negotiations to open the Strait of Hormuz are "going well."
- Inflation & Interest Rate Expectations: Investors are no longer focused on speculation about interest rate cuts. Instead, the CME FedWatch Tool records a 41.0% probability that the Federal Reserve will actually raise interest rates by 25 basis points by the end of this year to curb volatility in upstream energy inflation.
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Technically, the DXY's structure indicates a solid recovery after successfully closing yesterday's downward gap:
- Pivot Zone (99.00): The DXY's success in regaining and holding above the psychological level of 99.00 confirms that the daily bias is back under the control of buyers (bulls).
- Resistance Target (99.50): If the escalation news from Fox News triggers a retaliatory action from Tehran today, the DXY has an open path to retest its six-week high in the 99.50 area.
Gold Price Under Pressure: Trading StrategyMiddle East geopolitical tensions have increased safe-haven demand. Also, global central banks keep buying gold, which is supporting its price. But statements by the Federal Reserve and rising US bond yields are limiting upward movement. Traders are mostly staying cautious. Gold ETF and speculative holdings have not seen any major changes.
Gold price is moving within the range of $4500 to $4600. The level from $4580 to $4600 is strong resistance; price struggles to rise further here. $4550** is the main short-term support, which has not broken down despite multiple tests. Below this, **$4500 is the major support level for buyers.
Currently, international gold is trading sideways at higher levels, with buyers and sellers balanced. Short-term trading should follow the range. Sell when price rises to $4580–$4600. Do not buy at high levels. You can take small buy positions when price falls near $4500 support.
Trading Plan
Sell on recovery between $4580 – $4600
Stop Loss: $4610
Target: $4550 – $4530
GBPUSD Retests Buyers After H4 RecoveryGBPUSD has recovered strongly after sweeping the 1.3300–1.3350 zone and is now trading back above both EMAs near 1.3480–1.3500.
The important support zone is 1.3465–1.3450. If buyers defend this area, the recovery can continue.
Trade Plan
Buy setup: wait for a pullback toward 1.3465–1.3450. If price reacts well, targets are 1.3520 and 1.3550.
Continuation target: if momentum remains strong, GBPUSD may extend toward 1.3600.
Avoid chasing: buying directly near 1.3500 is less attractive because price is already close to short-term resistance.
Invalidation: if price loses 1.3450 clearly, the recovery setup becomes weaker.
Gold Loses EMA Support on H1Gold has failed near 4,570–4,575 and dropped back toward 4,535, breaking below both short-term EMAs.
The 4,550–4,555 area has now become near-term resistance. If price retests this zone and gets rejected, sellers may continue pushing lower.
Trade Plan
Sell setup: wait for a rebound toward 4,545–4,555. If price rejects clearly, targets are 4,520 and 4,510.
Buy setup: only consider buying if gold reacts strongly from 4,520–4,510 with clear absorption or rejection candles.
Recovery target: if buyers defend support well, price may retest 4,550–4,570.
Invalidation: a strong H1 close above 4,555 would weaken the short-term bearish setup.
CAD/CHF Corrects Sharply and Will Continue to DeclineStructurally, the medium-term trend remains bullish. This trend is characterized by the price successfully breaking the structure (BOS) upward in several previous swings and forming a Higher High (HH), but the price is vulnerable to a short-term correction.
- 🔸Wave Structure: A massive impulsive upward impulse from the previous lower area is calculated as a long Wave 3 cycle or a major impulsive sub-wave.
- 🔸Current Status: The price at 0.56714 is likely in the early stages of Wave 4 (Corrective Wave). In theory, after completing a saturated Wave 3 extension, the market needs a corrective decline (usually targeting the 23.6% to 38.2% retracement area) to balance the order book before preparing for the final expansion towards Wave 5.
- 🔸Projection: Potential for a gradual continuation of the short-term decline (retracement) to collect remaining buy orders in the lower discount area.
The primary bias for CADCHF on the H4 timeframe remains bullish. However, the next price movement direction for the short term (intra-week) is projected to move down first (correction/pullback) towards the area range of 0.56200 - 0.56350 before finally gathering momentum to bounce back up.
IREDAIf IREDA sustains above ₹135 with strong volume:
Next targets can be:
₹145
₹160
₹185 later
A breakout above ₹145 can trigger momentum buying.
Bearish Scenario
If stock breaks below ₹122:
Downside may extend toward:
₹116
₹105
Swing Trading Strategy
For Fresh Entry
Safer entry:
Near ₹122–125 support
OR breakout above ₹135
Stop Loss
Swing SL: below ₹118
Positional Targets
₹145
₹160
₹185
Gold price weak, swing trading strategySpot gold falls back from high levels, moving weakly in fluctuating trend.
Many negative factors seen in short run. Fed keeps hawkish monetary policy, rate cut hopes drop. US dollar gains strength, long investors book profits, putting constant pressure on gold price. In medium and long term, fundamentals provide firm support. Global central banks keep buying gold, geopolitical tensions still exist, so gold will not drop sharply.
Clear key technical levels. 4450 is major strong support, further supports at 4430 and 4400. Upside resistance points at 4580 and 4600.
Short term trend bears dominance. Sell gold near resistance zones, open small buy orders when price hits key support levels.
Trading Plan
Sell at 4580-4600
Stop loss above 4610
Take profit 4560-4540
NIFTY- Intraday Levels :- 26th May 2026 Monthly expire day..too much complicated levels, seems like we will have sudden movements in market be careful.
It's hard to predict which levels will work for tomorrow, will have clear picture once market opens but for now note below important levels.
NIFTY sustain above 24123/176 above this bullish more levels marked on chart.
If NIFTY sustain below 23940/922 below this bearish then 23873/68/25 below this wait, more levels marked on chart
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.






















