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HTF Bearish Repricing Into Deep DiscountMarket Context
Gold remains under heavy pressure after the latest U.S. inflation and growth data reinforced expectations that the Federal Reserve may need further tightening. The Fed kept rates unchanged at 3.75%–4.00%, while September PCE inflation remained elevated and Q3 growth accelerated. Recent Fed commentary also kept the possibility of additional hikes alive. Gold has subsequently fallen below the 4,000 area, reinforcing the bearish macro backdrop.
SMC View
The higher-timeframe struct
#ALICONAlicon Castalloy Limited (NSE: ALICON) Daily Chart Analysis:
Upside Targets: Price is trading at ₹839.35 (−2.38%) under short-term consolidation. A reversal and breakout above immediate resistance opens the path toward mapped targets at ₹865.10 (T1), ₹876.50 (T2), and ₹889.35 (T3).
Support / Stop Loss: Immediate support rests near ₹822.70–₹824.90, with a strict stop loss recommended below the major swing low / support level at ₹807.00 to manage downside risk.
Sell Reclaimed Supply Below Bearish Resistance Market Context
Gold remains under pressure after the latest U.S. inflation and growth data reinforced a higher-for-longer Fed outlook. September PCE rose 0.5% MoM and 3.6% YoY, while core PCE increased 3.1% YoY. Q3 GDP also expanded at a 3.4% annualized pace. The Fed kept rates at 3.75%–4.00%, with two officials favoring a 25bp hike. This macro backdrop keeps downside pressure relevant for Gold, although softer USD and yields can still create short-term rebounds.
SMC View
The H1 structure re
#NIFTYNifty 50 Index (NSE) Weekly Chart Analysis:
Upside Targets: Price is trading at ₹23,053.10 following a recovery push above immediate swing support. A sustained continuation higher targets mapped levels at ₹23,569.70 (T1), ₹23,848.85 (T2), and ₹24,300.45 (T3).
Support / Stop Loss: Immediate support rests near the ₹22,776.10–₹23,020.95 zone, with a strict stop loss recommended below the major swing low / base near ₹22,179.90 to manage downside risk.
Reliance: 4 Weeks Defending 1,155, Wedge Breakout Next?Overview
Reliance closed the week at 1,164.9, down 25.1 points or 2.11%. It has given back about 90% of its rally from the 2025 low (1,114.9) to the January high (1,611.8), and is trading below the 0.786 Fib level (1,221.2). The more interesting part is where it has stopped. Price is sitting on the 1,155.6 support, inside a falling wedge that has been forming since January, and buyers have defended that zone for four weeks in a row.
Follow-up on Our Earlier Reliance Ideas
In our September ide
#FDCFDC Limited (NSE: FDC) Weekly Chart Analysis:
Upside Targets: Price is trading at ₹377.00 following a strong bullish weekly reversal candle. A continued push higher opens the mapped targets at ₹417.40 (T1) and ₹436.80 (T2).
Support / Stop Loss: Immediate support rests near ₹339.90–₹372.45, with a strict stop loss recommended below the major swing low / trailing line at ₹313.95 to manage downside risk.
XAUUSD: Could a Bounce Set Up Gold's Next Drop?
Gold has slipped back toward the psychological 4,000 level after failing to sustain its recent bullish recovery. But the next bearish move may depend on something that initially looks positive: another rebound into resistance.
The latest decline has introduced a descending channel, while buyers are attempting to defend a critical support area.
Market Structure — Sellers Regain Control
Following the recovery from the 3,980 region, XAUUSD advanced toward the 4,080 area before encountering rene
XAUUSD — Value Acceptance Around 3,875
Auction State
XAUUSD on H2 remains in a strong directional bearish auction. Price has moved decisively below the former 3,950–4,000 distribution and is now trading around 3,875, showing that lower prices continue to attract acceptance rather than immediate rejection.
The macro backdrop reinforces that imbalance. September PCE inflation accelerated 0.5% month-on-month and 3.6% year-on-year, while core PCE remained elevated at 3.1% annually. U.S. Q3 GDP also expanded at a strong 3.4% annualized
RELIANCE INDUSTRIES Q2 FY27 ANALYSIS# 🚀 RELIANCE INDUSTRIES Q2 FY27: RECORD REVENUE, STRONG PROFIT GROWTH & O2C BOOM!
Reliance Industries Ltd. (NSE: RELIANCE) | Q2 FY27 Results
Reliance Industries delivered a strong performance in Q2 FY27, supported by exceptional Oil-to-Chemicals (O2C) earnings and continued growth in digital services. However, retail profitability and higher operating costs remain areas to monitor.
📊 KEY FINANCIAL HIGHLIGHTS
Gross Revenue: ₹3,62,268 crore, up **27.8% YoY** and approximately 6.5% QoQ.
EB
#FLUOROCHEMGujarat Fluorochemicals Limited (FLUOROCHEM) Weekly Chart Analysis:
Upside Targets: Price is consolidating near ₹4,248.20 (+0.29%). A confirmed breakout opens the path toward mapped targets at ₹4,650.30 (T1), ₹4,750.60 (T2), and ₹4,912.90 (T3).
Support / Stop Loss: Immediate support sits near the ₹4,129.05–₹3,983.80 zone, with a strict stop loss recommended below the major swing low / support level at ₹3,749.70 to manage downside risk.
NIFTY Weekly View: 200 EMA Holds Again, 23,140 Ceiling NextOverview
Nifty closed the week at 23,053.10, up 453.10 points or 2.00%. The week started with a dip to 22,387.35, right at the Weekly 200 EMA (22,391.85), and buyers stepped in from there. Price pushed up to a high of 23,118.10 and held most of the gain into the close. That makes the fifth straight week the 22,182-22,391 zone has been defended.
Follow-up on Last Week’s View
Last week we flagged a move above 22,600 opening a path toward 22,735, 22,850, 23,000 and 23,140. Targets 1, 2 and 3 wer
XAUUSD — 4000 Broken. Is 3917 the Next Target?
Gold continues to face strong selling pressure after failing to maintain its recovery above 4,060.
XAUUSD is now trading around 3,996, below the psychological 4,000 level. The broader structure remains bearish, with lower highs, bearish displacement and a descending trendline controlling the market.
But here is the important question.
Will buyers defend the demand around 3,969, or will gold continue towards the next major liquidity target at 3,917?
My primary bias remains bearish below 4,0
#BLUESTARCOBlue Star Limited (NSE: BLUESTARCO) Weekly Chart Analysis:
Upside Targets: Price is trading strong at ₹1,627.90 (+8.60%). A sustained continuation opens the path toward mapped targets at ₹1,663.30 (T1), ₹1,667.70 (T2), and ₹1,723.40 (T3).
Support / Stop Loss: Immediate support sits near the ₹1,553.50–₹1,514.70 zone, with a stop loss recommended below the major swing low / buy pivot around ₹1,453.60 to manage downside risk.
#HERITGFOODHeritage Foods Limited (NSE: HERITGFOOD) Chart Analysis:
Upside Targets: Price is consolidating near ₹355.35. A breakout above the immediate pivot opens the path toward mapped targets at ₹359.15 (T1), ₹365.45 (T2), and ₹375.60 (T3).
Support / Stop Loss: Immediate support sits near ₹349.00, with a strict stop loss recommended below the swing support line at ₹331.30 (or ₹324.10 for a wider buffer) to invalidate downside risk.
#INFYUpside Targets: Price is testing resistance at ₹1,185. A sustained breakout above ₹1,185 targets the next major resistance levels at ₹1,215 and ₹1,240.
Support / Stop Loss: Immediate support sits at the breakout pivot around ₹1,149, with a strict stop loss recommended below the recent swing low near ₹1,126 to limit downside risk.
SWARNSAR Strong Resistance Breakout with Massive VolumeThe daily chart of Swarnsarita Jewels India Limited indicates a decisive bullish breakout above a major resistance zone.
For several weeks, the price consolidated and faced consistent rejection near the 43.80 - 44.00 mark, which is marked by the purple horizontal line.
In the most recent session, the stock shattered this resistance with a massive, full-bodied bullish candle, closing at 46.35 (+19.98%).
The most compelling aspect of this setup is the volume confirmation. The breakout occurred
BANKINDIA Consolidation BreakdownOn the daily timeframe, Bank of India has been trading within a prolonged consolidation box, roughly bounded between the 136 support and 152 resistance zones, since March.
Within the latter half of this zone, a descending trendline indicates lower highs, reflecting building selling pressure before the drop.
The recent price action demonstrates a decisive breakdown below the lower support boundary.
This breakdown candle closed strongly near 129.99 and was accompanied by a noticeable spike in v
UJJIVANSFB Multi-Year Breakout and Retest OpportunityLooking at the montHLY chart for Ujjivan Small Finance Bank, we can observe a classic and powerful multi-year market structure.
The horizontal black line at 61.90 has acted as a critical level of historical resistance, dating back to the major market drop in early 2020.
After years of accumulation and a steady uptrend since 2022, the price successfully broke out above this 61.90 macro-resistance in early 2026 with strong bullish momentum, establishing a new swing high.
Currently, the stock is
VMM Testing Critical Weekly SupportHello traders,
Looking at the weekly chart for Vishal Mega Mart Ltd. (NSE), we can observe a prolonged corrective phase after the stock peaked near the ₹150–155 range late last year.
The price has been printing lower highs and lower lows for several months, reflecting strong bearish momentum.
However, the stock is currently hovering at ₹100.60 and is testing a major historical support level at ₹97.95 (indicated by the solid black horizontal line).
This is a critical "make-or-break" zone. Histo
QPOWER Ascending Triangle Breakout & Successful Retest on DailyOverview & Technical Logic
Analyzing the daily chart for Quality Power Electrical Equipments Ltd., we can observe a classic bullish continuation setup.
Over the past few months, the stock has been respecting an ascending trendline, steadily forming higher lows since May.
This accumulation phase culminated in a strong breakout above the major horizontal resistance level at 1,409.8.
Following the breakout, the price action demonstrated a textbook retest.
The previous resistance at 1,409.8 acte























