GBPUSD Retest of the ultimate resistance zone possible ?After taking a bounce form the support zone on 24th June, price is making clear bullish structure and continuing its up-move, It has reached to a significant resistance level of 1.3485 from where breakout is possible, ideal situation would be when price retraces and re-testes its rising trendline and after a consolidation gives a breakout.
Immediate support is at 1.3322 & 1.3509 may act as resistance.
Upon breakout price may retest it's strong long-term supply zone. Only buy trades should be attempted.
summary: Wait for the clean breakout above resistance for fresh entries, if it consolidates for some time before breakout, it would be even better.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Community ideas
GROWWDriven by an exceptional 95% year-on-year surge in consolidated net profit, Groww has reported strong quarterly results that make the stock look highly attractive at this point. This robust earnings momentum can potentially drive the stock toward Target 1 of ₹225 and Target 2 of ₹240 in the upcoming months as a mid-term view.
Kindly note that I am not a SEBI-registered analyst, so please consult your financial advisor before making any investment decisions.
Nifty 50 Trade Plan [16.07.2026: Thursday]Probable Scenario Analysis and Trade Plan for the Nifty 50 Index NSE:NIFTY for the 16th of July, 2026. The day is Thursday.
🟢 Bullish Scenario
There is no bullish setup observable in the present price action. Doubt every upmove. However, if the price sustains above 24250, then the probable bullish targets would be - 24300, 24350, and 24400.
🔴 Bearish Scenario
Presently, the price is in the bearish zone. If the price remains below 24100, then find bearish opportunities. The probable bearish targets below 24100 would be - 24050, 24000, 23950, 23900, 23850, and 23800.
🟡 No Trading Zone (NTZ): (24250 - 24100).
⏺ Range of Consolidation (ROC): (24250 - 24000).
Here, 24125 is the median of the ROC. The median works like an intraday sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
No high-impact event this week. No holidays this week. There is a SENSEX weekly expiry. Lastly, geopolitical issues are omnipresent.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
Nifty ready for downside on hourly chartNifty is most likely to be forming a ABC corrective pattern, in which:
first wave wave was a 5 wave pattern -> either wave A or wave 1
second wave has reached upto 61.8% and is most likely a complex correction
We might be ready to enter wave C or wave 3, which itself would be impulsive in nature, either trending or terminal.
If the above counts hold, then we could aim for wave C to be reaching the start of wave A (~23,800, target) and beyond.
The study would be invalidated above 24,260 (SL)
Will keep you guys posted as the move progresses
Happy Trading!
May the trend be with you.
NIFTY DAILY / Short Range Level Analysis for 16th Jul 2026🔕 SGMN SplD BULLISH Above => 24153.
🔕 SGMN SplD Bearish BELOW => 24007.
Mentioned analysis based on 2 consecutive candle close in 15 min Time Frame.
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💥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 Sidewise. Aggressive Traders can take Long position near “Sell Gen” either retesting or crossed from Below & vice-versa i.e. can take Short position near “Buy Gen” either retesting or crossed downward from Above.
L#4: If the candle crossed & stays below the “Sell Gen”, it is treated / considered a Bearish bias.
L#5: Possibility / Probability of REVERSAL near 🔕RL/TF1 & 🔔RL/TF2
HZB (Buy side) & HZS (Sell side) => Hurdle Zone,
✍🏻 *** Specialty of “HZB#1, HZB#2 HZS#1 & HZS#2” is Sidewise (behaviour in Nature)
Rest Plotted and Mentioned on Chart
Color code Used:
Green, BLUE =. Positive bias.
Safron, RED =. Negative bias.
RED in Between Green means Trend Finder / Momentum Change
/ CYCLE Change and Vice Versa.
Notice One thing: HOW LEVELS are Working.
Use any Momentum Indicator / Oscillator or as you "USED to" to Take entry.
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⚠️ DISCLAIMER:
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. I am not a SEBI-registered financial adviser.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
"🔔As HARD EARNED MONEY IS YOUR's, So DECISION SHOULD HAVE TO BE YOUR's".
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❇️ Follow notification about periodical View
💥 Do Comment for Stock WEEKLY Level Analysis.🚀
📊 Do you agree with this view?
✈️ HIT THE PLANE ICON if this technical observation resonates with you. It will Motivate me.
━━━━━🟥🟧🟨🟩🟦🟪⬛━━━━━
💡 If You LOOKING any CHART & want for Level and ANALYZE?
Share your desired stock names in the comments below! I will try to analyze the chart Levels, patterns and share my technical view (so far my Knowledge).
If Viewers think It can identify meaningful setups. Looking forward to hearing from all of you — let's keep this discussion going and help each other make better trading decisions.
___________🔕^^^⚫⚪^🙏🏼🙏🏼🙏🏼^⚪⚫^^^🔔___________
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline breakout in ELIN
BUY TODAY SELL TOMORROW for 5%
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline breakout in SHOPERSTOP
BUY TODAY SELL TOMORROW for 5%
Vedanta : HTF SMC Pro Analysis Friends
Start my analysis from three Months-Monthly-Weekly, my views are that Vedanta Stock in all probablities likely to launnch from TP-1 238 or finally from 231.
The grounds of my opinion is:
1. Price Action disrespected Bullish Order Block
2. Bearish Order Block pave way from Swing Low of Bullish Order Flow
3. Daily and 4 Hrs Time Frame suggest TP-2.
4. Price at Discount Zone of daily time frame
However, the Higher TF is Boss.
Remember that Fundamentals of Vedanta www.screener.in are exceptional and place it on the leadership upfront.
The analysis is purely based on my belief; and knowledge, gathered from relieable resources and textbooks etc. It is not an investment advice to buy or sell. Enter market at your own risk and peril.
SPX 1H Reversal Setup| Market Footprinting Trading ConceptAnalysis
The SPX 1-hour chart is approaching a critical decision point where the ACS (Advance Consolidation Structure) Theory, a core component of the Market Footprinting Trading Concept™, highlights the possibility of a triangle fakeout before the next major directional move.
Price has been compressing inside a broad triangular consolidation while respecting both the rising support and descending dynamic resistance. As volatility contracts, liquidity continues to build near the upper boundary, creating conditions where a temporary breakout can trap late buyers before the market reveals its true direction.
According to the Market Footprinting Trading Concept™, fake breakouts often occur when liquidity accumulates around obvious technical levels. Rather than chasing the breakout, the focus should be on observing how price behaves inside the highlighted supply and liquidity zones.
Market Footprinting Observation
SPX is trading within an ACS Triangle Consolidation.
Price is approaching the upper liquidity zone where stop orders are likely concentrated.
A brief breakout above resistance may act as a liquidity hunt rather than the start of a sustained uptrend.
The marked reversal area represents a potential distribution zone if bearish confirmation develops.
Confirmation should come only after an Initial Reversal (I.R.) forms on the lower timeframe.
Trading Plan
Bullish Scenario
Price breaks above resistance with strong acceptance and sustained buying.
A successful retest of the breakout level may open the door for continuation toward higher resistance.
Bearish Scenario (Preferred Setup)
Price sweeps liquidity above the triangle.
Rejection forms inside the highlighted supply zone.
Wait for a 5-minute Initial Reversal (I.R.) confirmation before considering short opportunities.
A rejection from this area could trigger a move back toward the lower boundary of the triangle.
Key Concept
This setup is not about predicting the market—it is about identifying where institutional liquidity is likely to be collected. The Market Footprinting Trading Concept™ emphasizes waiting for confirmation after the liquidity event rather than entering on anticipation.
Patience and confirmation remain the highest-probability approach.
Disclaimer: This analysis is for educational purposes only and reflects the Market Footprinting Trading Concept™ methodology. Always use proper risk management and wait for confirmation before taking any trade.
Trading Roadmap | ClassTradical TA · Lesson 11 — Core IndicatorsLesson 11 - Core Indicators (RSI, MACD, Stochastic, Bollinger Bands)
Difficulty: Intermediate
The indicators on your chart are built from the same price data you already see. The four covered here are among the most widely followed in technical analysis — knowing how to read them can add useful context to your setups.
🔵 WHAT INDICATORS ACTUALLY DO
An indicator does not see the future — it reorganizes past price (and sometimes volume) into a different visual form. That can make certain conditions easier to spot: fading momentum, stretched moves, or quiet periods before expansion.
Two useful categories to keep in mind:
- Oscillators (RSI, Stochastic) — move between fixed bounds; often more useful in ranging markets
- Trend/momentum tools (MACD, Bollinger Bands) — follow price openly; often more useful for reading trend strength and volatility
No indicator needs to be traded on its own. Most experienced traders use them as context on top of the structure you learned in earlier lessons.
🔵 RSI — RELATIVE STRENGTH INDEX
RSI measures the speed of recent price changes on a 0–100 scale.
- Above 70 → often described as overbought (momentum stretched to the upside)
- Below 30 → often described as oversold (momentum stretched to the downside)
Important nuance: in a strong trend, RSI can stay overbought or oversold for a long time. A high reading alone is not a sell signal.
One of the more widely watched RSI signals is divergence — price makes a new high while RSI makes a lower high (or the reverse at lows). This can suggest momentum is fading, especially when confirmed by a reversal pattern from Lesson 7.
🔵 MACD — MOVING AVERAGE CONVERGENCE DIVERGENCE
MACD builds directly on the moving averages from Lesson 10. It shows the relationship between a faster and a slower average of price, plus a signal line and a histogram.
Common ways traders read it:
- MACD line crossing the signal line — can indicate a shift in short-term momentum
- Histogram shrinking — the current push may be losing strength
- MACD crossing the zero line — often read as a broader momentum shift
Because MACD is built from moving averages, it lags by design. It tends to work better for confirming momentum than for picking exact tops and bottoms.
🔵 STOCHASTIC OSCILLATOR
The Stochastic compares the latest close to the recent high–low range: readings near 100 mean price is closing near the top of its recent range, near 0 means the bottom.
- Above 80 / below 20 → commonly used overbought/oversold zones
- %K crossing %D inside those zones → a frequently watched trigger
Stochastic tends to shine in sideways markets, where price rotates between support and resistance (Lesson 3). In strong trends it can stay pinned at extremes, so many traders only take its signals in the direction of the larger trend.
🔵 BOLLINGER BANDS
Bollinger Bands wrap a moving average with an upper and lower band that expand and contract with volatility.
- Wide bands → volatile conditions
- Narrow bands (the "squeeze") → quiet conditions that often precede expansion — direction unknown until price shows its hand
- Band walk → in strong trends, price can ride along one band for extended periods; touching a band is not by itself a reversal signal
A squeeze followed by a decisive close outside the bands, supported by volume (Lesson 9), is one of the more commonly watched volatility setups.
In the chart above: notice how the bands tightened in late December while price moved sideways — quiet conditions. The expansion arrived in late January with a strong break to the downside. The squeeze suggested a bigger move may be building, but the direction only became clear once the break happened.
🔵 COMBINING THEM WITHOUT CLUTTER
More indicators does not mean more clarity. A practical approach:
- Pick at most one oscillator and one trend/volatility tool
- Let structure lead: levels, trend, and volume first — indicators as confirmation
- Avoid stacking indicators that measure the same thing (RSI + Stochastic together mostly repeat each other)
🔵 COMMON MISTAKES
- Selling just because RSI is above 70 in a strong uptrend
- Taking every MACD crossover in a ranging market, where whipsaws are frequent
- Treating a Bollinger Band touch as an automatic reversal signal
- Loading five indicators and losing sight of price itself
🐳 PRO TIPS
- Divergence signals often carry more weight on higher timeframes — a 4H or daily divergence tends to matter more than a 5-minute one.
- When an oscillator signal appears at a level you already marked (Lesson 3) inside a clear trend (Lesson 2), the context is doing most of the work — the indicator is just the trigger.
- Try removing all indicators for a week and trading structure only, then add one back. Many traders find this reveals which tool actually helps them.
- Default settings (RSI 14, MACD 12/26/9, Stochastic 14/3/3, BB 20/2) are a starting point — consistency matters more than optimization.
If this lesson helped you, drop a comment with the indicator you rely on most — and let us know which topic you want covered next. 🐳
Full Trading Roadmap | Classical TA Course
Trading Roadmap | Classical TA · Lesson 01 — Mastering the Chart
Trading Roadmap | Classical TA · Lesson 02 — Mastering Trends
Trading Roadmap | Classical TA · Lesson 03 — Support & Resistance
Trading Roadmap | Classical TA · Lesson 04 — Price Channels
Trading Roadmap | Classical TA · Lesson 05 — Single Candle Patterns
Trading Roadmap | Classical TA · Lesson 06 — Multi-Candle Patterns
Trading Roadmap | Classical TA · Lesson 07 — Reversal Chart Patterns
Trading Roadmap | Classical TA · Lesson 08 — Continuation Chart Patterns
Trading Roadmap | Classical TA · Lesson 09 — Volume Analysis
Trading Roadmap | Classical TA · Lesson 10 — Moving Averages
Best Regards, BigBeluga 🐳
The Trade You Almost TookYou saw the setup. The level made sense, the risk was clear, and your analysis pointed in one direction.
But you waited.
Maybe you wanted one more confirmation. Maybe you hesitated for a few seconds. Maybe you simply looked away at the wrong moment.
Then price moved exactly as you expected.
You never entered the trade, so technically you lost nothing. But mentally, it doesn't always feel that way. You start calculating the profit you "could have made," replaying the entry in your head, and wondering why you didn't trust yourself.
The trade is gone. Yet somehow, you're still trading it.
1. A Missed Trade Can Feel Like a Real Loss
Your account balance hasn't changed, but your mind may already be counting imaginary profit. You think about the entry you almost took and calculate how much the move would have paid.
That's where the problem begins: You start emotionally reacting to money that was never actually yours. A missed opportunity slowly starts feeling like something the market took away from you.
2. The "I Knew It" Trap
When price follows your original analysis, confidence can quickly turn into frustration. You tell yourself: "I knew this was going to happen."
But knowing a possible direction and executing a trade are two different skills. After the move becomes obvious, it's easy to forget the uncertainty you felt before it started.
3. The Next Setup Suddenly Looks Better
After missing a strong move, traders often become less selective. An average setup appears, but because you don't want to miss another trade, it feels more attractive than it normally would.
The setup hasn't improved: Your standards have simply dropped. You're no longer judging the opportunity alone. You're comparing it with the trade you just missed.
4. You Start Chasing a Trade That Is Already Over
Sometimes traders enter late into the same move, even when the original entry and risk-to-reward are gone. The thought is simple: "There must still be some movement left."
At that point, you're not following the original plan anymore. You're trying to participate in a story that has already started without you.
5. Missed Profit Is Not Lost Money
This sounds obvious, but traders often forget it in the moment. You cannot lose profit from a position you never opened.
The market didn't take anything from you. Your mind created an expected reward, mentally added it to your account, and then felt disappointed when reality didn't match that imaginary result.
6. Don't Punish the Next Trade
The next setup has nothing to do with the opportunity you missed. It doesn't deserve a bigger position, a faster entry, or lower standards just because you're frustrated.
Ask yourself: "Would I take this trade if I hadn't seen the previous move?" If the answer is no, you're probably still reacting to the missed trade.
7. Let the Trade Leave Without You
Some trades will move perfectly without your position. That's part of trading. You will miss entries, hesitate, close charts too early, and occasionally watch your exact analysis play out from the sidelines.
Review why you missed it. If you broke a rule, learn from it. If you followed your process, accept it. Then let the trade go.
Conclusion:
The trade you almost took can be more dangerous than a losing trade because the damage isn't visible on your P&L. It appears in the decisions that come after it: The rushed entry, the forced setup, the oversized position, or the trade you chase because you don't want to miss twice.
A missed trade is not a debt the market owes you.
Remember: The opportunity is over. Your next decision doesn't have to pay for it.
Lloyds Metals Rally Continuation? Breakout Above ₹1,900 Ahead?Lloyds Metals & Energy Ltd. has delivered an impressive uptrend since early 2026, rising from the ₹1,100–1,300 range to the current levels near ₹1,866. The stock is now consolidating just below the psychological ₹1,900 resistance.
Key Levels to Watch:
Resistance: ₹1,900 (immediate and critical).
Support: ₹1,800–1,850 zone.
A decisive close above ₹1,900 with healthy volume would strengthen the bullish case for continuation toward ₹2,000+.
Outlook:
The broader trend remains positive. If the current momentum sustains and resistance is cleared, the rally appears likely to extend. Traders should monitor price action around the ₹1,900 level closely in the coming sessions.
Sector tailwinds in metals and energy may provide additional support. Risk management is advised given market volatility.
Will the rally continue? Your views welcome.
Institutional Swing Option Trading #2Intraday trading involves buying and selling financial instruments within the same trading session, with all positions closed before the market ends. Traders aim to take advantage of short-term price fluctuations using fast decision-making and technical analysis. Intraday trading is highly active and often relies on chart patterns, volume analysis, momentum indicators, and market news to identify quick trading opportunities.
Trading Masterclass #1Institutional trading means trading like hedge funds, banks, prop firms, and professional desks. They do not trade based on emotions, random tips, or gambling. They use systems, probabilities, risk control, position sizing, discipline, and psychology.
Retail traders often lose because they focus only on “entry.” Institutions focus on:
Risk Management
Capital Protection
Position Sizing
Probability
Psychology
Consistency
Repeatable Edge
In options trading, if you think like institutions, your results can improve significantly
ABB Symmetrical Triangle Consolidation________________________________________
📊 ABB India: Daily Technical Snapshot – Symmetrical Triangle Consolidation
📊 STWP Technical Analysis
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MARKET STRUCTURE SNAPSHOT | NSE: ABB
Closing Price: ₹7,204.50 (+₹312.50 | +4.53%)
Core Trend: Long-Term Uptrend
Market State: Consolidation Within Uptrend
Price Structure: Price is consolidating inside a Symmetrical Triangle, reflecting a period of compression following the previous rally. The structure suggests that buyers and sellers are reaching equilibrium, with a breakout likely to determine the next directional move.
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OPERATIONAL PRICE GRID & KEY REFERENCE LEVELS
Model Reference Level: ₹7,270.00
Hard Invalidation Level: ₹6,643.20
Structural Risk: ₹626.80 (8.62%)
Resistance Levels: R1 ₹7,340.83 | R2 ₹7,477.17 | R3 ₹7,684.33
Support Levels: S1 ₹6,997.33 | S2 ₹6,790.17 | S3 ₹6,653.83
Range Structure: Low ₹6,643.20 | High ₹7,684.33
Higher Timeframe Observation Zones: ₹7,477 | ₹7,684 | ₹8,000
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MOMENTUM, PARTICIPATION & CPR DATA
Volume Profile: 763.82K Shares
Volume Character: Strong Relative Participation
RSI: 58.93 (Positive Momentum Zone)
ADX: 11.75 (Low Trend Strength – Compression Phase)
ROC: +3.86%
MACD Status: Momentum Improving
CCI: +68.25 (Positive Momentum)
Stochastic Reading: 88.19 (Strong Momentum Zone)
Current Bias: WAIT FOR BREAKOUT CONFIRMATION
CPR State: Bullish Zone | CPR Moving Up (Wide)
Today's CPR: Pivot ₹6,852.00 | Top ₹6,872.00 | Base ₹6,832.00
Tomorrow's CPR (Projected): Pivot ₹7,133.65 | Top ₹7,169.10 | Base ₹7,098.25
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📚 EDUCATIONAL OBSERVATION
ABB India continues to consolidate within a Symmetrical Triangle, a chart pattern that commonly develops after a strong directional move as the market enters a temporary period of balance between buyers and sellers. The series of lower highs and higher lows reflects gradually narrowing price swings, often preceding a volatility expansion.
The stock remains within its broader uptrend despite the ongoing consolidation. Rather than signalling weakness, the current structure appears to represent a pause following the previous advance. Such consolidation phases frequently allow momentum indicators to cool before the next significant move develops.
Momentum indicators remain constructive despite the consolidation. The RSI at 58.93 remains comfortably above the neutral zone, suggesting buyers continue to hold an advantage. ROC at +3.86% reflects positive price momentum, while CCI at +68.25 remains in bullish territory. MACD is stabilising after the previous correction, indicating improving momentum. Meanwhile, ADX at 11.75 confirms the market is currently in a low-trend environment, which is typical during triangle formations before a decisive breakout.
The projected Central Pivot Range (CPR) for the next trading session has shifted higher, with the projected Pivot at ₹7,133.65. A rising and widening CPR generally reflects improving acceptance of higher prices and provides a supportive backdrop should a breakout emerge.
The immediate technical focus remains on the upper boundary of the Symmetrical Triangle, which coincides with the resistance zone between ₹7,340 and ₹7,477. A decisive close above this region, supported by stronger-than-average trading volume, would confirm the continuation breakout and strengthen the probability of a move towards ₹7,684 and potentially the psychological ₹8,000 level. Conversely, failure to hold the lower trendline could shift attention towards the support levels near ₹6,997 and ₹6,790.
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🏢 BUSINESS OVERVIEW
ABB India is a leading provider of electrification, industrial automation, robotics and motion technologies. The company benefits from India's ongoing investment in manufacturing, infrastructure, renewable energy, data centres and industrial automation. Rising capital expenditure across these sectors continues to support long-term demand for ABB India's products and engineering solutions.
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📖 Educational Note
Support and resistance levels should be treated as observation zones rather than predictive targets. Chart patterns, price action, volume analysis, momentum indicators and CPR are educational tools that help market participants understand evolving market structure within a disciplined risk-management framework.
________________________________________
⚠️ Disclaimer
This analysis is provided strictly for educational and informational purposes.
It does not constitute financial, investment or trading advice and should not be interpreted as a recommendation to buy or sell any security.
Stock market investments are subject to market risks, including the possible loss of capital.
Historical performance, chart patterns and technical indicators do not guarantee future results.
Please conduct your own research and consult a SEBI-registered investment adviser before making investment decisions.
STWP assumes no responsibility or liability for any financial loss arising directly or indirectly from the use of this analysis.
Exide Industries Limited - Trend Continuation StructureTechnical Analysis & Chart Understanding
Ticker / Interval: EXIDEIND (1-Week Chart)
Current Market Price (CMP): ₹419.85 (Minor daily gain of +0.10%, but showing a weekly candle consolidation of -1.07%)
Price Structure: The stock has executed a massive, parabolic bullish rally since early 2026, breaking out cleanly from its accumulation zone under ₹340. The current weekly candle is holding firmly at the top of the range.
Key Indicator Signals
Weekly Camarilla Breakout: The chart explicitly notes a Weekly Camarilla R4 (Resistance 4) level right around ₹419.85, stating it "Signals a strong directional breakout". Surviving above this pivot confirms institutional strength.
Supertrend (7, 2): Sitting much lower at ₹369.55, indicating the macro structure remains fiercely bullish.
Williams %R (25): Currently printing at -7.67. The chart highlights that a "25 Week W%R at -7 Signals Strong Momentum", meaning the asset is strongly in the overbought/momentum expansion zone where prices tend to run higher rapidly rather than mean-revert immediately.
Trade Execution
Entry Zone: ₹419.85 – ₹422.00 (On confirmation of a clean weekly close above the Camarilla R4 line)
Stop Loss 1 (Aggressive): ₹416.60 (Plotted as Stop 1—just below the immediate weekly low structure)
Stop Loss 2 (Conservative/Structural): ₹381.60 (Plotted as Stop 2—protecting the structural breakout point)
Target Levels
Target 1: ₹442.65 (Plotted as Previous Camarilla R1 Target 1)
Target 2 (Extended Momentum): The clear blue sky past ₹442.65 allows for scaling into trailing stops as momentum continues.
Disclaimer: aliceblueonline.com
Support & Resistance: The Only Two Words You Really Need to KnowOverview
If you're new to charts, here's the good news — almost everything else in technical analysis is built on top of just two ideas: support and resistance. Once these click, patterns, trendlines, and setups all start making a lot more sense. Let's break it down simply.
What Is Support?
Support is just a price level where buyers have shown up before. Think of it like a floor — price falls toward it, buyers step in, and it bounces back up. It doesn't always hold, but it's a zone worth watching.
What Is Resistance?
Resistance is the opposite — a price level where sellers have shown up before. Think of it like a ceiling — price rises toward it, sellers step in, and it falls back down.
Different Types of Support & Resistance
Not all support and resistance look the same. Here are the common types you'll come across:
Type 1 - Horizontal Support/Resistance — the simplest kind. Just a flat price level where price has bounced or reversed multiple times in the past. Easiest one to spot for beginners.
Type 2 - Trendline Support/Resistance — a sloped line connecting a series of highs or lows. Rising trendlines act as support, falling trendlines act as resistance.
Type 3 - Moving Average Support/Resistance — averages like the 50 EMA or 200 EMA often act like a "floor" or "ceiling" too, especially on higher timeframes like weekly or monthly charts.
Type 4 - Psychological Levels — round numbers like 1,000, 500, or 100 often act as support/resistance simply because a lot of traders place orders around these numbers.
Type 5 - Old Swing Highs/Lows — a previous high or low left behind on the chart tends to matter again later, even months down the line.
How to Actually Identify These on a Chart
Here's a simple way to start:
Look left. Has price touched this level before? The more times it's been tested, the more people are watching it.
Look for reactions, not just touches. A level only matters if price actually reacted there — bounced, reversed, or paused.
Zoom out. A level that matters on the weekly chart is usually more important than one that only shows up on the 5-minute chart.
How to "Play" Support & Resistance
Once you've spotted a level, here's how traders typically use it:
Buying near support: Some traders wait for price to reach support and show signs of holding (like a strong bounce candle) before buying.
Selling/booking profit near resistance: Others use resistance as a place to book profits or expect a pause.
The flip rule: Here's a neat trick — once resistance is broken, it often becomes support going forward (and vice versa). This is called a "role reversal" and it's one of the most useful ideas in trading.
Waiting for a retest: As we always prefer, it's usually safer to wait for price to retest a broken level and confirm it's holding, rather than jumping in the moment it breaks.
A Common Beginner Mistake
New traders often think a level is either "100% support" or "not support at all." In reality, these are zones, not exact lines — think of them as an area, not a single price. Give some room around the number rather than expecting a perfect bounce to the rupee.
Beginner's Lesson
The next time you open a chart, before looking at any indicator or pattern, just ask: where has price reacted before? Mark those zones first. You'll be surprised how much of the "story" of a stock becomes clear just from doing this one simple step.
Conclusion
Support and resistance aren't fancy or complicated — they're just the market's memory of where buyers and sellers have shown up before. Master this one concept, and a lot of the rest of technical analysis starts falling into place naturally.
For educational purposes only. Chart shown is for illustration only. Not financial advice






















