Head and Shoulders

Nifty Intraday Analysis for 06th August 2026 NSE:NIFTY 24600 is becoming immediate resistance and uptrend only possible if the index decisively sustains above 26600 level. The upward movement may lead to 24850 – 24900 resistance range and if the index crosses and sustains above this level then may reach near 25100 – 25150 range. On the contrary, The downward moment may drag the Index to 24350 – 24300 support range in downward momentum and if this support is broken then index may tank near 24100 – 24050 range.

Banknifty Intraday Analysis for 06th August 2026 NSE:BANKNIFTY 58000 is becoming immediate resistance and uptrend only possible if index breaks and sustains above 58000 level. The upward moment may lead the Index to 58500 – 58600 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59200 – 59300 range. On the contrary, The downward moment may drag the Index to 57200 – 56900 support range in downward momentum and if this support is broken then the index may tank near the 56300 – 56

Finnifty Intraday Analysis for 06th August 2026 NSE:CNXFINANCE 27000 is becoming immediate resistance and uptrend only possible if index breaks and sustains above 27000 level. The upward movement may lead the Index to 27100 - 27150 resistance range and if the index crosses and sustains above this level then may reach near 27400 - 27450 range. On the contrary, The downward moment may drag the to 26600 – 26550 support range and if this support too is broken then index may tank near 26300 – 26250 range.

Midnifty Intraday Analysis for 06th August 2026 NSE:NIFTY_MID_SELECT The immediate support is shifted upward to 14800 level and uptrend is expected to continue as long as the Index is above 14800. The upward movement may lead the Index near 15025 – 15050 resistance range and if the index crosses and sustains above this level then may reach 15200 – 15225 range. On the contrary, The downward moment may drag the index to 14725 – 14700 support range and if this support is broken then index may tank near 14550 – 14525 range.

Markolines Pavement cmp 181.50 Daily Chart since listed Markolines Pavement cmp 181.50 Daily Chart since listed Support Zone 160 to 176 Price Band - Resistance Zone 182 to ATH 191.75 Price Band - Long Rounding Bottom + Small Rounding Bottoms - Closely Considerate VCP pattern seems to be made - Price breakout been attempted from Resistance Zone - Falling Resistance Trendline Breakout seen well sustained - Volumes needed for breakout through the Resistance Zone

by PIYUSHCHAVDA

SHAILY at a Good-Quality Demand Zone – Is This the Next Move Hig SHAILY has now approached a very Good-quality demand zone that stands out from a supply and demand perspective. The zone was formed through Rally-Base-Rally structure. What makes this zone particularly attractive is the quality of the departure: • Strong leg-out candle showing aggressive buying pressure • Excellent follow-through after the leg-out, confirming commitment from buyers • The leg-out candle ultimately led to a fresh All-Time High, which significantly strengthens the importance of thi

by AfnanTAjuddin

Eternal Limited – Bullish Setup Key Observations: Price rejected from the upper resistance near ₹305–₹308, forming a healthy pullback. The demand zone between ₹291–₹297 coincides with the POC, suggesting accumulation. Moving averages are tightly aligned, indicating potential momentum build-up. A bullish reversal candle from this zone could trigger continuation toward ₹315+. Trade Plan: Entry: Around ₹292–₹297 (within demand zone) Stop Loss: Below ₹280 (structure invalidation) Target: ₹315–₹320 (previous swing high) Ri

by the_sailor_trader

India Glycols: Alternation in Play?One of the most useful observations in Elliott Wave is the Guideline of Alternation. If one corrective wave is sharp and swift, the next correction often unfolds differently—becoming more gradual, sideways, or time-consuming. While it's a guideline rather than a rule, it helps set expectations about how trends may develop. In India Glycols, Wave (ii) was a relatively quick and deep correction. The current Wave (iv) appears to be taking a different path, retracing in a more measured manner wh

XAUUSD — The Rally Is Hot, But 4,132 Is the Key Gold has pushed strongly higher after breaking the previous resistance structure. The bullish momentum is clear. But after a fast move like this, I do not want to chase the candle at the top. I want to know one thing: Where will buyers defend the trend? The simple read Gold is now reacting near the 4,176 zone. This is the first important resistance / reaction area after the breakout. If buyers can keep control and break above 4,176 with confirmation, the next upside zone becomes 4,216.

by Tiara_PrimeGold

Bullish J-Hook This sector has all the right ingredients for good growth ahead Target: ₹50 Time: 1-2 years Reason: Moat and being a base for industrial growth.

by liondewarangal

The demand zone stays protected! As we can see despite the try NIFTY managed to recover from the demand zone and closed above! Now that we are still above the demand zone, we can expect NIFTY to remain bullish till NIFTY breached 24400 levels which could lead to good fall. So plan your trades accordingly and keep watching these important levels.

NIFTY DAILY / Short Range Level Analysis for 06th AUG 2026 b]🔕 SGMN SplD BULLISH Above => 24681. 🔕 SGMN SplD Bearish BELOW => 24571. Mentioned analysis based on 2 consecutive candle close in 15 min Time Frame. ━━━━━🟥🟧🟨🟩🟦🟪⬛━━━━━ 💥Level Interpretation / description: ✍🏻L#1: If the candle crossed & stays above the “Buy Gen”, it is treated / considered as Bullish bias. Cfm=> Confirmation. L#2: Possibility / Probability of REVERSAL near 🔕RL/TF1 & 🔔RL/TF2 L#3: If the candle stays above “Sell Gen” but below “Buy Gen”, it is treated / considered as S

RITES looking for Breakout The trendline breakout is possible. Currently with bullish candle. Supporting trendline has drawn and looks self explains.

Asian Paints: Breakout or Rejection ?Asian Paints is India's largest paint manufacturer and one of the country's most respected consumer businesses. With a dominant market position, strong brand recognition, an extensive dealer network, and expansion into home décor through its Beautiful Homes business, the company has consistently demonstrated the characteristics of a long-term compounder. After spending nearly two years in a corrective phase, the stock is once again approaching a major technical resistance. The key question now

Nifty Intraday Analysis for 05th August 2026 NSE:NIFTY Index is near 24600 support and uptrend is expected to continue as long as index is above 24600. The upward movement may lead to 24850 – 24900 resistance range and if the index crosses and sustains above this level then may reach near 25100 – 25150 range. On the contrary, The downward moment may drag the Index to 24350 – 24300 support range in downward momentum and if this support is broken then index may tank near 24100 – 24050 range.

Finnifty Intraday Analysis for 05th August 2026 NSE:CNXFINANCE Index has immediate minor resistance near 27000 and if crosses and sustains above this level then uptrend may lead to 27500. The upward movement may lead the Index to 27100 - 27150 resistance range and if the index crosses and sustains above this level then may reach near 27400 - 27450 range. On the contrary, The downward moment may drag the to 26600 – 26550 support range and if this support too is broken then index may tank near 26300 – 26250 range.

Midnifty Intraday Analysis for 05th August 2026 NSE:NIFTY_MID_SELECT Uptrend is expected to continue as long as the Index is above 14700. The upward movement may lead the Index near 15025 – 15050 resistance range and if the index crosses and sustains above this level then may reach 15200 – 15225 range. On the contrary, The downward moment may drag the index to 14725 – 14700 support range and if this support is broken then index may tank near 14550 – 14525 range.

DLF LONG Monthly C&H DLF is building a classic cup & handle at Monthly TF. Early entry can be made if price goes at lower band of handle otherwise will have to PATIENLY WAIT at a breakout and retest. Stock has huge upside potential. Pure technical view.

XAUUSD H1 — Liquidity Run in Focus Gold has reached a one-month high as a softer US dollar, lower oil prices and declining Treasury yields strengthened demand for the metal. The latest JOLTS report also showed US job openings falling to 7.359 million, reinforcing signs of slower labor demand. Attention now shifts to private employment data and the upcoming US payrolls report. Softer labor figures could maintain pressure on yields and support gold, while stronger results may trigger profit-taking after the recent expansion. Tec

XAUUSD — 4,047 Holds, 4,104 Opens?Gold is starting to build a cleaner recovery structure. After reacting from the lower support area around 4,020, price has moved back above the previous descending pressure and is now trading inside a short-term rising channel. This is a better sign for buyers. But the market is not fully clear yet. Why? Because gold is still below the next reaction resistance around 4,085 and the stronger OB sell zone near 4,104. The simple read Gold is currently trading around 4,055 - 4,065. The key su

by Tiara_PrimeGold

SYNGENE"S ENGINE is ready for reveral and run a long way to top syngene is ready for reversal technical points NSE:SYNGENE 1. previous hold 3 flag brekdown 2. discount from top 3. create a double channel breakout 4. any time cross channel start fly to top side 5.whenevery identify double channel with base information with storng suppot that perform well in previous history 6.currently base ON 375 ( supply and demand zone ) 7.breakout point above 400 and resitance point 8. other pharma stock perform well expecting the same 9. mulsitple r

by Share-Mechanic

Monthly Sell‑Off Ends | Dr. Reddy’s Retracement Play After a heavy monthly sell‑off, Dr. Reddy’s has started showing signs of retracement. The chart highlights how price is reacting near the support zone, with potential upside toward the green trade area. Key Takeaways: Market structure shift after sustained selling pressure on lower Timeframe Support zone holding, triggering retracement momentum Tactical setup for traders watching reversal opportunities

by IndexTrader13

NIFTY will fall sharper below 24400 As we can see NIFTY couldn’t hold itself above and fell! Though it looks like it has taken support at broken supply zone which now acted as a demand zone but it is a mere closing structural change. Hence any weak opening and crossing below 24400 can show another weakness in Nifty towards the trendline. So plan your trades accordingly and keep watching everyone.

NIFTY DAILY / Short Range Level Analysis for 05th AUG 2026.🔕 SGMN SplD BULLISH Above => 24676. 🔕 SGMN SplD Bearish BELOW => 24556. Mentioned analysis based on 2 consecutive candle close in 15 min Time Frame. ━━━━━🟥🟧🟨🟩🟦🟪⬛━━━━━ 💥Level Interpretation / description: ✍🏻L#1: If the candle crossed & stays above the “Buy Gen”, it is treated / considered as Bullish bias. Cfm=> Confirmation. L#2: Possibility / Probability of REVERSAL near 🔕RL/TF1 & 🔔RL/TF2 L#3: If the candle stays above “Sell Gen” but below “Buy Gen”, it is treated / considered as S