HDFCBANK — Is Something Cooking Underneath? | The Weekly HammerSometimes, you don’t need a complicated pattern to understand what the market is trying to tell you.
Take a look at HDFCBANK on the weekly timeframe.
After several weeks of decline, the stock has formed a Hammer-like candlestick near the ₹700 zone.
Look closely at the candle.
Price traded down to around ₹682, but buyers stepped in and pushed it back toward ₹708. That long lower wick tells us something important — lower levels were rejected.
Now, does this mean HDFCBANK is definitely going to reverse?
No.
A single candlestick is not a confirmation of a trend reversal.
But it tells us that buyers have started showing interest at lower levels, and that makes the next few candles very interesting.
This is something I always tell traders:
Sometimes, when you can't find a clean price-action pattern, learn to read the candlesticks.
A candlestick is basically a small story of what happened between buyers and sellers during that period.
Here, sellers pushed the price lower.
But buyers didn't allow it to stay there.
That long wick is the clue.
Now I want to see what happens next.
Will buyers follow through?
Will this Hammer get confirmed?
Or will sellers come back and break the low?
That's where the real price action begins. 👀
For me, the ₹682–₹700 zone is an interesting area to watch closely.
Sometimes the market gives you a big pattern.
Sometimes it gives you just one candle.
The skill is learning how to read both.
Is something cooking inside HDFCBANK? Let's see what the next few weeks tell us. 🔥📈
Community ideas
XAUUSD 4H Buy Limit Projection
Gold is moving inside a falling wedge pattern.
A bullish setup may develop if price rebounds from the lower trendline and breaks above the wedge resistance.
Buy Entry Zone: 4,339–4,340, only after breakout and successful retest
Stop Loss: Below 4,325
Target 1: 4,365
Target 2: 4,387
Key Confirmation: Bullish price action and market structure shift at the entry zone
Avoid entering before confirmation because the current trend remains bearish. If price fails to break the wedge or closes below the lower trendline, the buy setup becomes invalid.
H1 Bearish Retest Toward Major Demand
XAUUSD is trading around 4,326 after another strong bearish leg pushed price below the previous reclaim structure. The H1 market remains under pressure, with price still trading beneath the descending resistance trendline and below the latest bearish Order Block.
The macro backdrop also remains challenging for gold. August U.S. PPI rose 0.4% MoM and 5.4% YoY, reinforcing inflation concerns and lifting market pricing for a Fed rate hike next week toward 70%. The dollar and Treasury yields strengthened after the release.
Attention now shifts to U.S. CPI later today. Markets are especially sensitive because another hot inflation print could further support yields and the dollar, while a softer reading may trigger a sharp gold recovery.
Technical View
The H1 structure remains bearish after the latest MSS and breakdown below the 4,330–4,350 reclaim / intermediate supply zone.
Price is currently testing the lower edge of this structure, so chasing shorts around 4,326 offers weaker positioning.
The cleaner bearish setup sits higher at 4,385–4,405, where the Resistance / Bearish OB aligns with the descending trendline.
A controlled rebound into this area followed by bearish rejection, failed acceptance or a lower-high formation would support another move lower.
The main downside objective remains the 4,275–4,295 Major Demand / Bullish OB.
Key Zones
Current Price: 4,325.980
Reclaim / Intermediate Supply: 4,330–4,350
Sell Priority / Bearish OB: 4,385–4,405
Major Demand / Bullish OB: 4,275–4,295
Major Resistance / Supply: 4,475–4,490
Trading Plan
Sell Priority: 4,385–4,405
Condition: wait for an H1 rebound into the bearish OB followed by rejection, failed reclaim or lower-high confirmation.
SL: above 4,420
TP1: 4,330–4,350
TP2: 4,275–4,295
Sell View
The preferred setup is not to chase the current decline.
A recovery into 4,385–4,405 would provide a cleaner area to evaluate seller response. As long as price remains below this resistance structure, the H1 bias stays bearish.
A sustained H1 reclaim above 4,420 would weaken the immediate sell scenario and could expose higher resistance again.
Final View
Gold remains technically bearish on H1, while hotter PPI and elevated oil prices continue to support inflation and higher-rate expectations. CPI is now the main short-term catalyst.
The primary scenario is a corrective rebound toward 4,385–4,405 followed by bearish continuation, targeting 4,330–4,350 first and 4,275–4,295 as the larger downside objective.
Will CPI trigger the retest into the bearish OB before gold attacks Major Demand?
GOLD 14/09 - US SESSION — GOLD BEARISH AGAIN?Gold enters the US session under strong selling pressure, with price continuing to trade below the rising trendline and failing to reclaim the 4,345 area. The latest structure shows lower highs and renewed downside momentum.
For Emma's US session plan, the focus remains on selling the rebound. Price is already extended to the downside, so the priority is to wait for a pullback into resistance rather than chase the move.
🔴 KEY RESISTANCE
4,340–4,350 — INTRADAY REJECTION ZONE
Previous reaction area and short-term resistance.
→ First area to watch for a SELL confirmation.
4,395–4,400 — MAIN SUPPLY ZONE ⭐
Major H1 resistance + descending trendline confluence.
→ Preferred area for a stronger short setup if price makes a deeper retracement.
🟢 KEY SUPPORT
4,285–4,295 — MAJOR DEMAND ZONE
The main downside objective and important H1 support.
→ Watch carefully for profit-taking and a potential reaction.
🎯 EMMA US SESSION SCALPING PLAN
🔴 PREFERRED — SELL THE REBOUND ⭐
If Gold rebounds into 4,340–4,350 and shows bearish rejection:
→ SELL
TP1: 4,315
TP2: 4,290
If price pushes higher, 4,395–4,400 becomes the next major sell zone.
🔥 DEEPER RETRACEMENT
If Gold reaches 4,395–4,400, look for a clear rejection:
→ SELL
TP1: 4,350
TP2: 4,315
TP3: 4,290
This is the higher-quality setup because it aligns with the major H1 resistance and trendline.
⚠️ SUPPORT BREAK
If 4,285–4,295 breaks decisively, avoid chasing the initial candle.
Wait for a retest from below and bearish confirmation before considering continuation shorts.
🟢 BULLISH INVALIDATION
A strong reclaim and sustained hold above 4,400 would weaken the bearish setup and could trigger a larger recovery.
💎 EMMA'S US SESSION VIEW
BIAS: BEARISH 🔴
The structure favors SELL ON REBOUND.
4,345 = first reaction zone
4,400 = major sell zone
4,290 = main downside target
US SESSION: WAIT FOR THE PULLBACK → WAIT FOR CONFIRMATION → TAKE THE SCALP.
VA Tech Wabag — Breakout & Retest SetupVA Tech Wabag — Breakout & Retest Setup
After nearly 2 years of consolidation, the stock has finally broken out of its long-term range and moved to a fresh all-time high, backed by a strong volume expansion.
What stands out:
• Long-term range consolidation following the previous decline
• Breakout above the ₹1,950–2,000 resistance zone
• Nearly 2 months of retest and consolidation after the initial breakout
• Fresh ATH breakout with a noticeable volume spike
• Previous breakout zone now becomes the key support area
• Current price action is showing strong momentum above the range
Game plan:
✔ Look for sustained price action above the breakout/ATH zone.
✔ A successful retest of the breakout area can provide a better risk-defined entry.
✔ Stop loss below the marked support/invalidation zone.
✔ The setup offers a potential Risk:Reward of around 1:2.1.
✔ Continuation toward the marked target remains possible if the breakout holds.
#Note: A sustained move below the marked support zone would weaken and potentially invalidate the bullish setup.
The key here is not to chase the breakout, but to watch how price behaves around the breakout zone.
Strategy: Long-Term Breakout → Retest → Confirmation → Continuation
This is my personal chart study, not financial advice.
STARHEALTH : A Demand and Supply StudyNSE:STARHEALTH was being weak since its IPO debut but on Apr-2025 the down move was being hold with nice volume expansion which can be consider as a top notch demand area/zone at bottom. Afterward, price had move upward with strength that neutralized near by weekly / monthly supply zone. Each pull back resulted from the supply zone get supported / respected from the nearest demand area that was being freshly formed, expressed as Demand was Stronger then the Supply at that time phrase of price action.
Study Thesis : Where Demand overwhelms Supply, PRICE expands.
Observations based on Recent Price Action:
The price that was running from Monthly Demand Zone (MDZ) that empowered to close above the monthly Trendline, was being hold from the monthly Supply zone (MSZ) Ranging Rs 602-645.00.
As the prevailing pressure from the MSZ, the price expressing the current pullback phase.
The multiple confluence Zone: The fresh WDZ (Rs. 535-512) co-in-siding MDZ (Rs. 536-490) having WEMA50 (Rs. 518) as well as Trendline Re-Test area also supported by Monthly EMA 20 (Rs. 517) may turn as power house to support the price.
The Price Trend is favorable on Monthly, Weekly and Daily charts to plan long set up is a cherry on the cake .
Short term Trade Plan:
Entry : RS. 535-536.00
SL : Close below Rs. 490.00 on daily basis
Targets : (1) Rs. 648.00 (2) 670.00
Long Term Trade Plan:
Entry 1: Rs. 535-536.00 (50% Risk Exposure Qty.)
Entry 2 : Rs. 468.00 (Addition of another 50% Risk Exposure Qty.)
SL : Close below Rs. 409.00 on Weekly basis
Targets: Rs. 648.00 - 725.00 - 775.00 - 925.00 (25% Qty on each profit booking)
-------------------------------------------------------------------------------------------------------
This is a personal technical-market observation for educational/informational purposes and is not investment advice. I am not a SEBI-registered investment adviser/research analyst. Please conduct your own research and manage risk according to your individual circumstances.
Pullback + Volume: Low vs High - Understanding the DifferenceA pullback during an uptrend can tell us a lot about the strength of the trend.
But one thing I always like to observe is volume during the pullback.
Is volume decreasing?
Or is volume increasing?
The difference can provide useful context about market participation and the strength of the pullback.
1. PULLBACK + LOW VOLUME
After an upward move, price pulls back with low volume.
This can indicate that the retracement is happening with relatively lower market participation.
What does it mean?
• The uptrend may still be intact.
• The pullback may be more of a controlled retracement rather than a strong reversal.
• Lower volume during the pullback can suggest relatively lower selling participation.
• If price finds support and bullish price action appears, it may create a potential long setup.
But remember, low volume alone is not a buy signal.
2. PULLBACK + HIGH VOLUME
After an upward move, price pulls back with high volume.
This shows increased market participation during the retracement and can indicate stronger selling pressure.
What does it mean?
• The pullback may be stronger than a normal retracement.
• The uptrend may be weakening.
• Price could move into a deeper correction or even a trend reversal.
• Taking a long entry without confirmation can be risky.
So, instead of assuming that every pullback is a buying opportunity, wait and observe the price action.
------------------------------------
What should we look for?
Don’t simply assume:
Low Volume = Buy
High Volume = Sell
Instead, study the relationship between price action and volume.
• Pullback + Low Volume → potentially controlled retracement
• Pullback + High Volume → potentially stronger selling pressure
• Support + Bullish Price Action + Improving Volume → stronger confirmation
Always consider price location, structure, volume and follow-up price action together.
------------------------------------
📌Key Takeaway
A pullback is not automatically a buying opportunity.
Volume helps us understand what may be happening behind the price movement.
A low-volume pullback can suggest that the retracement is relatively controlled, while a high-volume pullback can signal stronger participation and possible weakness.
But neither is a sure-shot signal. Wait for price confirmation before taking a decision.
Learn → Backtest → Validate → Execute
Study this behaviour across different stocks, timeframes and market conditions before using it in your own trading process.
Do share your views, I’d love to know your perspective.
📌 This post is for learning and educational purposes only. It is not financial or trading advice.
✅ If you like this educational post, please follow me here as a token of appreciation :)
in.tradingview.com/u/SatpalS/
A Major Breakdown Can Change Airtel’s Entire StructureBharti Airtel is showing a large Head & Shoulder pattern on the daily chart, and price is now sitting exactly around its rising neckline near 1800–1830. The structure is important because the middle peak around 2150–2180 formed the head, while the rallies on both sides failed at lower levels and created the shoulders. This basically shows buyers losing strength with every major recovery. Until now the rising neckline has repeatedly saved the trend, but price is testing it again with RSI near 40 and momentum clearly weaker. Repeated pressure on the same support can slowly absorb the buyers sitting there.
A clean breakdown and sustain below 1800 would confirm the Head & Shoulder structure and can change the sentiment very quickly. Stops and liquidity are likely sitting below this neckline, so once it breaks, trapped buyers may start exiting while fresh sellers enter, accelerating the downside. The first move can drag price towards 1700, and stronger selling pressure can extend it towards the 1600–1650 zone shown on the chart. This is the level buyers cannot afford to lose now below the neckline, what looks like support today can quickly become the starting point of a much deeper correction.
Six Years Of Support Is Meeting Price AgainVoltas is now sitting at one of the most important areas on its weekly chart. The 1140–1170 zone is not just normal support it connects with a rising trendline that has protected the larger structure for almost six years, while the same area also acted as a major resistance zone during 2021–22 before the 2024 breakout. Price has now corrected from nearly 2000 all the way back to this old breakout area. RSI around 37 shows momentum is weak, but this is also where selling pressure can start getting absorbed and stronger buyers may slowly return.
The bigger structure is compressing between this long-term rising support and the falling trendline from the 2024 highs. If buyers defend 1140–1170 a recovery towards 1300–1400 can start putting pressure on that falling resistance. The real momentum trigger will come when price breaks and sustains above the trendline around 1350–1400. That breakout can trap late sellers, shift sentiment quickly and open room towards 1500–1600. Price is sitting on six years of support now if buyers defend it again, this correction can turn into the base for the next major move.
ANOTHER BUY ATTEMPT IN AUDUSDIn our previous trade, we were failed. The trade was executed but stopped out when the price hovered the Yellow trendline drawn on 4H Timeframe.
Why I am going Bullish again? its just because of:
Bullish Divergence at 4H Timeframe.
Bullish Divergence at Hourly timeframe.
Both of the above are supported by 4H Trendline.
Nice HH and LH on both Daily and 4H Time frames.
Price above 50 EMA and 89 EMA.
the prvious Bearish Divergence is now converted into Bullish Divergence.
Trade setup:
I will put 2 trades with buy stop at 0.71738 . Both SL will be at 0.71366 and aiming 0.72314 as TP1 for my 1st trade and 0.72701 as TP2 for my 2nd trade. will move the SL to Breakeven after TP1 hits.
Risk: 1% on the full setup. i.e 0.50% on each trade.
Buy Stop: 0.71738
SL: 0.71366
TP1: 0.72314
TP2: 0.72701
Bullish Setup - EURUSDBullish Score
Double bottom on 4H with RSI divergence.
Retracement from Lower trendline on 4h
4h and Daily Bias is Bullish
Bearish Score:
Price is still below 50 EMA on 1H Time frame
1H Biash is Bearish.
Once the above bearish score converts into Bullish score then we will buy on the suggested swing after 1H forming its first Higher High and closing above 50 EMA. We will then take our position on the breakout of new Higher High probably at 1.16121
SL is 1.15692. If price breaks this SL without making new HH then we will not take our Bullish Trade.
Bank Nifty May Need One More Dip Before The Next RallyBank Nifty is still moving inside a very clean long-term rising channel that has guided the larger trend for years. The rejection around 60000–61000 came almost exactly from the upper boundary of this channel, so the ongoing consolidation looks like a normal cooling phase after reaching long-term resistance. Price is currently around 56,600 and momentum has softened, which leaves room for another dip towards the 53000–54000 rising support zone. That area is important because buyers aggressively defended the same channel support during the sharp correction earlier this year.
A move towards 53000–54000 can shake out weak hands before buyers return again. If Bank Nifty respects this rising support and starts reversing, the structure remains strongly bullish and price can first reclaim 57000–58000, followed by another move towards 60000–61000. Eventually, a breakout above the upper channel can create a much larger expansion and push Bank Nifty into fresh highs. The correction may not be completely finished yet, but as long as the rising channel survives, the bigger trend still belongs to buyers.
JSWINDRA: Contraction before Expansion ?NSE:JSWINFRA is currently showing a clear price-compression structure , with successive reactions occurring between a descending overhead resistance near ₹355–360 and a rising support structure around ₹330–335.
The Price is holding above the 20/50/100/200-day EMAs, expressing The Broader Trend remains constructive. The price also holding above LOC as well as Trend cloud expressing an additional confirmation towards the hypothesis.
The current price action on daily chart expressing price contraction with higher lows as well as reduced volume activity may represent the VCP is forming near ATH. On the weekly chart context, it might be express as the Flag formation near high after a rapid up move.
Key Observations:
₹355–360: Critical supply/breakout zone and previous swing-high region.
₹330–335: Immediate rising-support/confluence zone.
₹322–325: Important structural invalidation area.
RSI ~58: Positive momentum remains intact without an overbought condition.
Volume: Recent contraction versus the earlier expansion phase; a meaningful breakout should ideally be accompanied by renewed volume participation.
The setup is therefore one of compression at resistance, not a confirmed breakout yet. The breakout candle and accompanying volume remain the key confirmation.
-----------------------------------------------------------------------------------------------------------------
This is a personal technical-market observation for educational/informational purposes and is not investment advice. I am not a SEBI-registered investment adviser/research analyst. Please conduct your own research and manage risk according to your individual circumstances.
Nifty May Shake Weak Hands Before The Next Big MoveNifty is still trading inside its larger long-term bullish structure, but the short-term setup suggests one more correction can happen before the next strong move. Price has lost the steeper rising trendline and is now showing weakness around 23400 while RSI has slipped close to 40. The important area is the broader rising support around 22500–22800. This zone has already protected the larger structure during previous corrections and another dip towards it can create fear force weak hands out and bring price back into an area where stronger buyers may become active.
If Nifty reaches this lower trendline and starts showing rejection, that can become the base for the next bullish leg. The bigger structure remains protected as long as this support holds and from there a recovery can first reclaim 24000 followed by another attempt towards the major 25500–26000 ATH zone. A breakout above that upper resistance would be the real expansion trigger and can open a fresh price-discovery phase. Short-term pain is still possible but the bigger setup looks more like a reset before the next attempt at new highs.
FED WEEK AHEAD — GOLD BEARS PREPARE FOR FALL?Gold enters the new week with the bearish H4 structure still intact. After failing to reclaim the descending trendline, price continues to form lower highs and is now trading around 4,335, below the key 4,390–4,410 Demand zone. The recent rebound has been weak, suggesting buyers have not yet regained control, while the broader descending channel continues to favor the downside.
From a technical perspective, 4,390–4,410 is the key decision area. If Gold rebounds into this zone but remains below the descending trendline, sellers could use it as resistance to resume the decline toward 4,300–4,320, followed by the major 4,260–4,280 Supply + FVG zone. A clean H4 break below 4,300 would confirm another bearish expansion.
The macro backdrop also remains unfavorable for Gold. After stronger-than-expected August inflation data and rising oil prices, markets have increased expectations for a 25bp Fed rate hike this week to around 87%. Higher rates, elevated Treasury yields and a firmer USD are keeping pressure on non-yielding Gold. At the same time, oil above $100/barrel is creating an unusual dynamic: geopolitical risk supports safe-haven demand, but the resulting inflation shock is strengthening the hawkish Fed narrative.
Bearish Scenario — Preferred Bias
If Gold remains below 4,390–4,410 and the descending trendline continues to cap every rebound, sellers could regain momentum and push price toward 4,300–4,320. A confirmed break below this zone would expose 4,260–4,280 Supply + FVG.
Bullish Scenario
Buyers need to reclaim 4,390–4,410 and then break the descending trendline with a sustained H4 close. Only above this structure would Gold have room to recover toward 4,440–4,480. Until then, rebounds remain corrective.
This week is particularly important because the FOMC decision is scheduled for September 16, with markets heavily anticipating a rate move. U.S. Retail Sales and other data are also due around the decision, potentially adding volatility to USD, yields and Gold.
KEY LEVELS:
🔴 4,390–4,410 — Demand + Trendline resistance
🔴 4,440–4,480 — Major recovery resistance
🟢 4,300–4,320 — First downside target
🟢 4,260–4,280 — Major Supply + FVG
BIAS: BEARISH — SELL THE RALLY WHILE GOLD REMAINS BELOW THE DESCENDING TRENDLINE.
Nifty 50 : Trendline Support Holding, 50 EMA Still the Big TestOverview
Quick weekend look at the bigger picture on Nifty. On the weekly chart, two things stand out right now: a rising trendline support that's been holding nicely, and a resistance zone around the Weekly 50 EMA that price keeps trying (and failing) to clear.
What's Happening
Since the March low, Nifty has been climbing steadily along a rising trendline, currently sitting under the price. That trendline has done its job well so far — every dip toward it has found buyers.
At the same time, price has made a few attempts to break above the Weekly 50 EMA (currently at 24,378) and the resistance zone around 24,601–24,989, but hasn't managed a clean breakout yet. You can see two clear rejection points marked on the chart where price pushed into this zone and got pushed back.
There's also a support zone around 23,817 that's been tested four times now and has held each time — that's a pretty reliable level at this point.
Key Levels
Resistance Zone: 24,378 (Weekly 50 EMA) to 24,601–24,989
Support Zone (tested 4 times): 23,817
Trendline Support: rising, currently well below price, adding a longer-term floor
The Bigger Picture
Right now, Nifty is stuck between a well-tested support below and a resistance zone that keeps rejecting it above. Until one of these gives way clearly, we're likely to keep seeing this back-and-forth kind of price action.
What Would Change the Picture
A clean weekly close above 24,601 would be a good sign buyers are finally taking control of the bigger trend
A break below 23,817, especially with the trendline support also giving way, would be the first real sign this uptrend structure is in trouble
Beginner's Lesson
When a stock or index keeps failing at the same zone multiple times, it doesn't mean it will never break through — it just means buyers haven't found enough strength yet. The more times a level gets tested without breaking, the more important it becomes when it eventually does break, in either direction.
Conclusion
Nifty remains range-bound between strong support below and a tough resistance zone above. No clear signal yet either way — just watching how these two boundaries play out over the coming weeks.
For educational purposes only. Not financial advice.
Bandhan Bank | Technofunda OutlookTechnicals:
Price 176.5, recovering from 158–162 support. 180–184 is the key resistance zone.
Bullish:
Above 184 → 192 → 200 → 208 → 216–220.
Bearish:
Below 170 → 164.4 → ₹158.
Fundamentals:
Q1 FY27 profit grew ~35% YoY and asset quality improved, but NIM and FY27 ROA guidance remain under pressure.
WAIT with bullish bias.
184 breakout = strength |170 breakdown = weakness | 158 = major support.
Like, comment your thoughts, and share this post
Explore more stock ideas on the right hand side your support means a lot to me!
Educational analysis, not a buy/sell recommendation.
NIFTY Weekly View — Doji at Resistance Signals IndecisionOverview
Nifty closed the week at 24,570.65, up 187 points or 0.77%. But the real story isn't the small gain, it's the shape of this week's candle. Nifty printed a doji right at the resistance zone, open and close almost identical, after tagging a high of 24,774.30. That's a classic sign of hesitation at a decision point, and it comes exactly where we expected the market to be tested.
Follow-up on Last Week's View
Last week we flagged Nifty right at the descending resistance line, needing a close above 24,989 to confirm a breakout. That breakout hasn't happened. Instead of pushing through or falling back, the market has paused, this week's doji shows neither buyers nor sellers could take control near resistance. A Rising Wedge has also taken shape over the last few weeks, adding to the case that momentum is thinning out even as price inches higher.
What a Doji at Resistance Usually Means
A doji by itself isn't a signal, it's a pause button. But a doji forming right at a well-tested resistance zone, after a multi-week rally, carries more weight than a random doji in the middle of a range. It tells us sellers showed up during the week (note the rejection from the 24,774 high) but buyers didn't fully give up either (close held above last week's level). The next 1-2 candles after a doji like this usually confirm which side wins.
Key Levels
Resistance Zone: 24,601.70–24,989.35
Weekly 50 EMA Support: 24,363.25
Support 1: 23,817.80
Support 2 (Trendline): 23,611.00
Major Support: 23,070.15
Weekly 200 EMA: 22,278.36 (long-term trend remains up)
Scenarios
If next week closes above 24,774 (this week's high), it would suggest buyers won the indecision battle, opening the path toward 24,989 and a possible wedge breakout.
If next week closes below 24,363 (the Weekly 50 EMA), it would suggest sellers are gaining control, and Nifty could slide back toward the rising trendline support near 23,817–23,611.
Beginner's Lesson
A doji candle forms when a session's open and close are almost the same, no matter how much price moved up or down during the week, buyers and sellers ended up roughly even. On its own, a doji just means "indecision." But when it shows up at an important resistance or support zone, especially after a strong trending move, traders pay closer attention, because it often marks the point where the trend either pauses briefly or reverses. The key is to wait for the next candle to confirm the direction rather than assuming what happens next.
Conclusion
Nifty's doji at resistance this week is the clearest sign yet that the market is at a genuine crossroads. The falling trendline and wedge resistance near 24,989 remain the level to beat. Until price breaks decisively either way, this is a "wait and watch" zone, but the setup for a bigger move is clearly building.
This is for educational purposes only and not investment advice. Please do your own research or consult a financial advisor before making any trading decisions.
This 5-Year Support Is Pulling Buyers Back AgainSBI Cards is sitting around one of the strongest zones on its weekly chart. The 640–660 area has repeatedly worked as a major demand zone since 2020, with buyers stepping in around this level during the 2022, 2024 and 2025 corrections. This time price briefly slipped below the zone towards 580–600, but sellers could not maintain control and price has recovered back towards 655. That failed breakdown is important because traders who sold the support break can start getting trapped if price now reclaims and sustains above 660–670. RSI is also recovering from oversold levels, showing that selling momentum is cooling down.
If buyers establish price back above 660–670, this can become the base for a much bigger recovery rather than just a small bounce. The first expansion can take price towards the 750–800 zone, while stronger momentum can eventually bring the higher resistance areas back into focus. After months of continuous selling, expectations are already weak and that is exactly where a reversal can surprise the market. Sellers pushed SBI Cards below a five-year support and still couldn’t keep it there now buyers have a chance to take control.
NIFTY : Key Fibonacci Levels & Trading Plan for TomorrowNIFTY closed at 23,431.50, continuing the recent weakness from the upper portion of the rising-wedge structure. Tomorrow, the reaction around the key Fibonacci levels will be important.
Key Fibonacci Levels
38.2% — 23,784.25
50% — 23,478.45
61.8% — 23,172.60
The 50% Fibonacci level at 23,478 is the immediate decision zone, while 61.8% at 23,172 is the next major downside reference.
🟢 Bullish Scenario — Confirmation Required
Do not chase the first move.
If NIFTY reclaims 23,478–23,500 and gets a 15-minute candle close above this zone, then:
Target 1 - 23,550–23,600
Target 2 - 23,750–23,784
Invalidation: Sustained move back below 23,478 after the breakout.
🔴 Bearish Scenario — Confirmation Required
If NIFTY fails to reclaim 23,478 and gives a 15-minute candle close below 23,400, bearish momentum can continue.
Target 1 - 23,350–23,300
Target 2 - 23,200–23,172
A decisive break below 23,172 (61.8% Fib) can open the next downside zone toward 23,070.
Invalidation: Sustained reclaim above 23,478.
⚡ Trading Plan
BUY only after confirmation: 15-min close above 23,478–23,500
SELL only after confirmation: 15-min close below 23,400
Avoid the middle: If price remains trapped between these levels, wait for confirmation.
The 50% Fibonacci level at 23,478 is the key battle zone for tomorrow. Let price confirm the direction before taking a position.
Educational market structure and trading plan for discussion only. Not investment advice.
XAUUSD – Head & Shoulders Pressure Below 4,360 XAUUSD – Head & Shoulders Pressure Below 4,360
Gold is trading around 4,327 after losing momentum from the previous recovery structure.
The chart is now showing a clear Head and Shoulders formation. The left shoulder formed around the 4,420 area, the head pushed higher near 4,690, and the right shoulder failed to continue above the lower high area around 4,480. This tells me that buyer momentum has weakened, and the market is now testing the neckline area.
The most important zone is 4,280 – 4,320.
If gold cannot hold this neckline support, the bearish structure may continue toward the next liquidity zones below.
Technical view:
Gold formed a Head and Shoulders structure after a strong bullish run.
The neckline is around 4,280 – 4,320.
Price is now moving under the short-term downtrend line.
The nearest resistance is around 4,350 – 4,370.
If gold retests this area and rejects, sellers may stay in control.
The first downside target is around 4,220.
If 4,220 breaks, gold may extend toward 4,070 – 4,080.
A stronger recovery only becomes clearer if price breaks back above 4,370 and holds above the downtrend line.
Key levels to watch:
Current price: 4,327
Nearest resistance: 4,350 – 4,370
Bearish confirmation: below 4,280
Target 1: 4,220
Target 2: 4,070 – 4,080
Recovery confirmation: above 4,370
Main scenario:
If gold retests 4,350 – 4,370 and shows bearish rejection, sellers may try to push price back toward 4,280 first.
A clean break below 4,280 would confirm more pressure and open the way toward 4,220.
If selling momentum continues, the next deeper target will be around 4,070 – 4,080.
Alternative scenario:
If gold holds above 4,280 and breaks above 4,370, the bearish pattern may lose strength.
In that case, buyers may try to recover toward 4,420 first, where the right-shoulder structure can be tested again.
Hannah’s view:
Gold is not showing a clean bullish continuation anymore.
The Head and Shoulders pattern is a warning sign that the market may be shifting from accumulation into distribution. The neckline around 4,280 – 4,320 is the level I want to watch closely.
Main view: gold remains under pressure below 4,350 – 4,370. A rejection from this area supports continuation toward 4,280 and 4,220. If 4,280 breaks clearly, the deeper target near 4,070 becomes possible. No confirmation means no trade.
Do you think gold will defend the neckline, or will the Head and Shoulders pattern complete this week?
BRIAN XAUUSD – GOLD HOLDS VALUE, FED DECISION MAY TRIGGER THE BRIAN XAUUSD – GOLD HOLDS VALUE, FED DECISION MAY TRIGGER THE BREAK
Gold starts the new week under pressure around 4,330 - 4,340 after failing to build a strong recovery from last week’s lower value area.
The macro background is still heavy for gold. US inflation remained persistent in August, increasing the probability that the Fed may keep a tighter policy stance at the September meeting. With the Fed rate decision coming on Wednesday, the market is not likely to move cleanly without confirmation.
This creates a difficult setup:
Gold is weak in the short term.
But price is still sitting near value support, not at a clean sell area.
So for me, the main plan is not to chase. I want to see whether buyers can defend current value, or whether sellers will break this base and force another move lower.
Technical structure
On the H1 chart, gold is trading around the POC / Current Value zone near 4,325 - 4,335.
This is the most important short-term decision area. Price is no longer showing strong bullish momentum, but it has not completely lost the lower value structure yet. As long as gold holds above this POC zone, a technical rebound is still possible.
The first buy reaction zone is around 4,364. This is the level where buyers need to reclaim momentum. If gold pushes above 4,364 and holds, the next target becomes 4,436, which is the buy scalping area and also a key reaction level from the previous structure.
Above that, the major resistance is the Previous VAH / HVN zone around 4,490 - 4,510. This is where the larger volume resistance begins. If gold reaches this area before the Fed decision, I would expect stronger selling pressure or at least heavy profit-taking.
The highest resistance remains the Composite VAH / Major Upper Value Resistance around 4,620 - 4,640. This is not the immediate target yet, but it remains the major upside wall if gold breaks the current bearish pressure.
Important zones
Current price area: 4,325 - 4,335
Gold is holding near the short-term POC decision zone.
POC / Current Value: 4,320 - 4,335
Main support for the current structure. Losing this zone may weaken buyers again.
VAL / Lower Value: 4,275 - 4,290
Next downside value zone if sellers break the current POC.
Buy zone: 4,355 - 4,365
First reclaim level for buyers to confirm a recovery attempt.
Buy scalping level: 4,430 - 4,440
Short-term upside reaction level if buyers regain control.
Previous VAH / HVN Resistance: 4,490 - 4,510
Key volume resistance and possible seller reaction zone.
Composite VAH / Major Upper Value Resistance: 4,620 - 4,640
Major upper resistance if gold breaks strongly after the Fed decision.
Trading scenario
Priority view: buy reaction only if 4,320 - 4,335 holds
Entry:
Look for buy positions only if gold holds the POC / Current Value zone around 4,320 - 4,335 and shows clear bullish rejection.
Stop Loss:
Below the local sweep low or below the lower edge of the current value zone.
Take Profit:
TP1: 4,355 - 4,365
TP2: 4,430 - 4,440
TP3: 4,490 - 4,510 if buyers reclaim momentum strongly
This setup follows the idea that gold is still sitting at value support. However, confirmation is important because the Fed decision can create sharp volatility.
Alternative sell scenario
If gold loses 4,320 and fails to reclaim it, I will not force the buy.
In that case, price may rotate lower into the VAL / Lower Value zone around 4,275 - 4,290. This would confirm that sellers are still controlling the short-term auction.
A sell setup is cleaner if gold breaks below 4,320, retests the lost POC, and rejects.
Sell target:
TP1: 4,290
TP2: 4,275
TP3: lower only if Fed-driven momentum supports USD strength
Final view
Gold is starting the week in a sensitive position.
The market is sitting near short-term value support while traders wait for the Fed rate decision. Inflation remains a concern, and that keeps pressure on gold. But technically, price is not in a clean breakdown yet.
The key map is simple:
Hold 4,320 - 4,335 = buyers can attempt recovery.
Break 4,364 = bullish reaction improves.
Reach 4,436 = first upside target.
Break 4,510 = recovery becomes stronger.
Lose 4,320 = downside opens toward 4,275 - 4,290.
For now, I see gold as a decision-market, not a chase-market.
The cleanest trade will come from confirmation around the POC. If buyers defend it, gold can rebound into 4,364 and 4,436. If sellers break it, the next auction may move toward the lower value zone before any stronger recovery appears.
Will gold defend current value before the Fed decision, or will sellers force one more flush into lower value first?
Reliance, "The Largest Of Large Caps"Date 14.09.2026
Reliance (Fut)
Timeframe : Weekly Chart
"The Largest Of Large Caps"
"20% year-to-date in 2026"
Technical
(1) Whats not displayed on the chart is, Reliance broke weekly 200 EMA
(2) Been consolidating foe the last 15 weeks now , below weekly 200 EMA
(3) Upper range of consolidation is 1340 & bottom is 1240
(4) Been taking multi-leg support of 40 RSI , weekly closing basis
(5) Breakdown = 1240 + 40 Weekly RSI + Multi year support trendline
(6) At make or break junction of multiple support zone
(7) In case, of any breakdown the meaningful support is 15% down at 1051
(8) However, risk reward on long side might be better, but with very strict stoploss
Fundamental
Compressed Refining Margins:
(1) RIL's massive Oil-to-Chemicals (O2C) segment is facing global headwinds.
(2) O2C Topline (Gross Revenue) Contribution: 56.3%
(3) O2C Operational Bottom Line (EBITDA) Contribution: 29.1%
Export Duty Reimposition:
The Indian government’s move to reimpose export duties on diesel and Aviation Turbine Fuel (ATF) hit RIL's highly lucrative export-oriented refining metrics directly
Retail & Telecom Slowdown:
Quick-commerce applications have started eating into traditional retail habits, causing slightly softer growth expectations for Reliance Retail. Simultaneously, Jio's Average Revenue Per User (ARPU) growth came in below expectations the street had priced in
Heavy Capex Drag & Debt:
RIL has funneled massive capital expenditure into futuristic projects.
Markets are temporarily viewing this as a leverage/debt weight before these massive installations start churning net profits
Upcoming Events That Might Pull Reliance
(1) The Mega Jio Platforms IPO
(2) Monetisation of New Green Energy Gigafactories
(3) Major Rupee Bond Capital Infusion
Regards,
Ankur Singh






















