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Shriram FinanceSupport Zones
₹1,035–1,040 – Immediate support
₹1,010–1,020 – Strong buying zone
₹980–990 – Positional support
Resistance Zones
₹1,065–1,075 – Immediate resistance
₹1,095–1,110 – Breakout zone / 52-week resistance
Technical View
✅ Trend: Bullish
✅ RSI: Around 59, indicating positive momentum without being extremely overbought.
✅ Price is above the 20, 50, 100, and 200 DMA, supporting the broader uptrend.
Trading Plan
Buy on dips: ₹1,020–1,035
Stop-loss: ₹995 (positional)
Upside Targets:
Target 1: ₹1,075
Target 2: ₹1,110
Target 3: ₹1,160 (if a strong breakout above ₹1,110 occurs)
A sustained close above ₹1,110 could signal continuation toward fresh highs, while a break below ₹1,020 would weaken the short-term bullish setup. Bajaj FinanceCurrent trend: Bullish to Neutral. The stock is trading above most key moving averages, indicating the medium-term trend remains positive, although short-term resistance needs to be cleared for fresh momentum.
Key Support Levels
₹1,013–1,005 – Immediate support
₹995–990 – Strong buying zone
₹975 – Major positional support
Key Resistance Levels
₹1,025–1,035 – Immediate resistance
₹1,050 – Breakout confirmation level
₹1,080–1,100 – Major swing target zone
Trading View
Bullish Scenario
Sustaining above ₹1,025–1,035 can trigger a move towards ₹1,050, followed by ₹1,080–1,100.
Bearish Scenario
A breakdown below ₹995 may lead to ₹975, with further weakness possible if that level fails.
Momentum
RSI is around 56–59, indicating positive momentum without being extremely overbought.
Most moving averages remain on Buy/Strong Buy, supporting the broader uptrend.
Trading Plan
Buy on breakout: Above ₹1,035
Targets: ₹1,050 → ₹1,080 → ₹1,100
Stop-loss: Below ₹995 (adjust based on your risk tolerance) Punjab National BankCurrent Technical Trend
The stock is trading around ₹105–106.
The short- to medium-term trend remains weak to neutral, with price below several important moving averages. RSI is around 42–46, indicating weak momentum but not deeply oversold.
Key Support Levels
₹104–105: Immediate support.
₹102–103: Strong support zone.
₹99–100: Major support. A break below this could increase selling pressure.
Key Resistance Levels
₹106–107: Immediate resistance.
₹110–112: Strong resistance zone.
₹118–120: Major breakout level for a stronger uptrend.
Trading Strategy
Bullish scenario: A sustained close above ₹107–108 with strong volumes could lead to a move toward ₹112–118.
Bearish scenario: If the stock falls below ₹102, it may test the ₹99–100 support area.
Fundamental View
PNB's recent quarterly business update showed healthy growth in advances and overall business, although the share price weakened after the announcement, suggesting that short-term market sentiment remains cautious.
Overall view:
Short-term: Neutral to slightly bearish.
Medium-term: Wait for a breakout above ₹107–108 before expecting stronger upside.
Long-term: The banking sector remains fundamentally supported, but confirmation through price action is important.
If you're holding PNB, tell me:
your buy price,
quantity, and
whether you're a trader or long-term investor,
and I'll suggest suitable stop-loss and target levels. IndusInd BankTechnical Levels
Immediate Support: ₹1,000–1,005
Strong Support: ₹980–990
Major Support: ₹950–960
Immediate Resistance: ₹1,030–1,040
Major Resistance: ₹1,070–1,100
Bullish Target (if ₹1,040 is crossed with volume): ₹1,100–1,150
Technical View
The stock has reclaimed the psychologically important ₹1,000 level with improving volumes, which is a positive sign.
As long as it holds above ₹1,000, the short-term trend remains bullish.
A decisive close above ₹1,040 could trigger another upward move toward ₹1,100–1,150.
A fall below ₹980 may weaken the momentum and could lead to a retest of the ₹950–960 zone.
Trading Strategy
For swing traders: Consider buying on dips near ₹1,000–990, with a stop-loss below ₹975.
For existing holders: Continue holding while the stock remains above ₹1,000. Consider partial profit booking near ₹1,090–1,120 if momentum slows. AXISBANKKey Support Levels
S1: ₹1,310
S2: ₹1,295
Strong Support: ₹1,285–1,290
Key Resistance Levels
R1: ₹1,332
R2: ₹1,341
Major Resistance: ₹1,355
Technical View
RSI (14): ~48, indicating neutral momentum.
The stock is trading above its 50-day and 200-day moving averages, suggesting the longer-term trend remains constructive, although short-term momentum has weakened.
Trading Scenarios
Bullish: A sustained move above ₹1,340–1,355 with strong volume could open the way for further upside.
Bearish: A fall below ₹1,310 may lead to a retest of ₹1,295 and then ₹1,285.
If you're trading intraday or for a swing, keep an eye on the ₹1,310–1,355 range, as it is currently the key decision zone.
If you want, I can also provide: State Bank of IndiaCMP: ₹1,036
Support Zones
S1: ₹1,030–1,032
S2: ₹1,015–1,020 (Strong)
Major Support: ₹995–1,000
Resistance Zones
R1: ₹1,045–1,050
R2: ₹1,070–1,080
Major Resistance: ₹1,100–1,120
Technical Analysis
✅ Trend: Bullish
✅ Price is trading above most key moving averages.
✅ RSI is around 55, indicating healthy momentum without being overbought.
⚠️ MACD is still slightly weak, so expect volatility near resistance.
📈 A breakout above ₹1,050 with strong volume can trigger a move towards ₹1,080–1,100.
Trading Plan
Bullish Scenario
Buy above ₹1,050
Targets: ₹1,080 → ₹1,100 → ₹1,120
Stop-loss: ₹1,025
Bearish Scenario
If SBI breaks below ₹1,015, it may decline towards ₹1,000 and then ₹980.
Outlook
The overall structure remains positive as long as the stock holds above ₹1,015–1,020. A decisive breakout above ₹1,050 would strengthen the bullish case, while a break below ₹1,015 would weaken the short-term trend. ICICI BankSupport
S1: ₹1,374
S2: ₹1,350
Strong Support: ₹1,320–1,325
Resistance
R1: ₹1,431
R2: ₹1,455
Major Breakout: ₹1,480–1,500
Trading Plan
Bullish Scenario
Buy on dips near ₹1,375–1,390 if price shows reversal.
Fresh breakout buy above ₹1,431 with volume.
Upside targets:
₹1,455
₹1,480
₹1,500+
Bearish Scenario
If the stock closes below ₹1,374, weakness may extend toward ₹1,350 and then ₹1,320.
Technical View
Trend: Bullish
Momentum: Positive while above ₹1,374
Strategy: Buy on dips rather than chasing sharp rallies. XAUUSD: Bearish Elliott Wave Indicates Fibonacci TargetsGold is moving under renewed downside pressure after failing to hold the recovery structure above the 4,100 area. From Kelly’s view, the current chart suggests that a bearish Elliott wave sequence is developing, and price may continue lower if the sell zone remains defended.
The key idea is simple: gold is still weak below resistance, and the next downside targets are now guided by the Fibonacci structure.
⟡ Market structure
The chart shows gold rejected from the upper recovery area and started forming lower highs again. Price is now trading near 4,055, directly under the sell wave 5 zone, which makes this area very important for the next reaction.
The nearest resistance sits around 4,055–4,060. If gold cannot reclaim this zone with strength, sellers may continue to control the short-term structure.
Below current price, the chart highlights the 4,015–4,025 area as the next wave 4 reaction zone. If that support fails, the larger Elliott Wave End area around 3,950–3,960 becomes the main downside target.
➤ Key levels
◌ 4,055–4,060: sell wave 5 zone and current resistance
◌ 4,015–4,025: buy zone wave 4 / first downside reaction area
◌ 3,950–3,960: Elliott Wave End and Fibonacci 2.618 target zone
◌ 4,090–4,105: upper resistance if price rebounds
◌ Above 4,105: area where the bearish wave count weakens
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be building a bearish 5-wave structure after completing the previous corrective rebound.
Wave 1 created the first downside move from the recent high.
Wave 2 corrected upward but failed to continue higher.
Wave 3 pushed price lower with stronger momentum.
Wave 4 may form around 4,015–4,025 as a temporary reaction.
If the sell wave 5 zone continues to hold, wave 5 may extend towards the Fibonacci 2.618 target near 3,950–3,960.
This is why Kelly would treat the current rebound carefully. As long as price remains below resistance, the structure still favours a continuation lower.
▸ Trading scenario
Preferred scenario: wait for price to reject from the 4,055–4,060 sell zone before expecting downside continuation.
Sell zone: 4,055–4,060 if bearish confirmation appears
Stop loss: above 4,105 or above the confirmed rejection high
Take profit 1: 4,015–4,025
Take profit 2: 3,980
Take profit 3: 3,950–3,960
Alternative scenario: if gold breaks above 4,105 and holds with strong acceptance, the bearish Elliott setup weakens. In that case, price may need to rebuild a new structure before the next direction becomes clearer.
⌁ Kelly’s view
For Kelly, this is still a bearish Elliott structure. Gold has not shown enough strength to confirm a bullish reversal, and the market is now reacting under an important sell zone.
The cleanest plan is to follow the Fibonacci roadmap and wait for confirmation from resistance.
Gold remains under pressure.
If the sell zone holds, the next bearish wave may continue towards the Fibonacci targets below.
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