H1 Bearish Retest From Major Supply
XAUUSD is trading around 4,366 after the latest recovery stalled beneath the 4,390–4,410 Major Supply Zone. H1 structure has improved through the recent MSS and BOS, but price is still trading underneath the broader bearish trendline and a major resistance cluster.
The macro backdrop also remains challenging for gold. The Fed raised the federal funds target range by 25 bp to 3.75%–4.00% on September 16 and said inflation remains elevated. On Monday, gold eased toward $4,370, while the U.S. 2-year Treasury yield moved around 4.76% as markets continued to digest hawkish Fed guidance. Minneapolis Fed President Neel Kashkari also said inflation remains too high and supported the latest rate increase, reinforcing expectations that policy could stay restrictive.
Technical View
The H1 chart shows a strong recovery from the 4,260 area, followed by MSS and BOS as buyers regained short-term control.
However, the rally has now reached a more important structural obstacle. The 4,390–4,410 Major Supply Zone overlaps with the descending bearish trendline and previous swing liquidity.
Price is currently pulling back toward the 4,335–4,355 Demand Zone. This zone could generate another short-term recovery, but from Mason’s view, that rebound would be more interesting as a potential retest into major supply rather than a place to chase longs.
If sellers defend the upper zone, the next meaningful downside objective sits around 4,280–4,300.
Below that, the deeper 4,235–4,250 Key Support / Demand Zone remains the larger liquidity area.
Key Zones
Current Price: 4,365.750
Major Supply / Sell Zone: 4,390–4,410
H1 Demand: 4,335–4,355
Next Downside Target: 4,280–4,300
Key Support / Demand: 4,235–4,250
Trading Plan
Sell Priority: 4,390–4,410
Condition: wait for price to retest Major Supply and show bearish rejection, liquidity sweep, lower-high formation or bearish MSS confirmation.
TP1: 4,335–4,355
TP2: 4,280–4,300
TP3: 4,235–4,250
Invalidation: sustained H1 acceptance above 4,410–4,420.
Sell View
The cleaner setup is not to chase shorts around current price while H1 demand remains directly underneath.
A rebound from 4,335–4,355 into 4,390–4,410 would provide a better location to evaluate seller strength.
The bearish idea only becomes attractive after confirmation from the upper supply zone.
Important Note
Oil prices eased slightly at the start of the week as Saudi export flows recovered, which may temporarily reduce inflation pressure. However, elevated short-term U.S. yields and the Fed’s restrictive stance remain key headwinds for gold.
Final View
Gold has recovered strongly, but H1 is now approaching a major technical decision area.
The main scenario is a retest into 4,390–4,410 followed by confirmed bearish rejection, targeting 4,335–4,355 first and then 4,280–4,300 if downside momentum expands.
Can sellers defend Major Supply and rotate gold back toward lower liquidity?
Supply and Demand
H1 Major Supply Rejection Toward Lower Liquidity
XAUUSD is trading around 4,378 after extending its recovery from the lower H1 structure. Price has returned directly into the 4,385–4,405 Major Supply Zone, where the broader bearish trendline also remains relevant.
Gold reached a one-week high on Friday as easing crude oil prices reduced part of the inflation pressure that had dominated markets earlier in the week. Spot gold climbed about 1.2%, while softer energy prices helped Treasury yields retreat from their recent highs.
However, the broader macro backdrop remains restrictive. The Fed has raised rates to 3.75%–4.00% and still expects further tightening, while markets currently price roughly a 55% probability of another hike in October. The dollar also remains near a seven-week high, and the U.S. 10-year yield has recently traded above 5%, limiting the strength of gold’s recovery.
Technical View
The H1 recovery has improved after the recent MSS and rebound from lower demand, but price is now entering the main decision area.
The 4,385–4,405 Major Supply Zone aligns with the previous bearish trendline and recent swing structure. This makes the current area less attractive for chasing longs.
A rejection or failed acceptance above this supply could trigger a corrective move back toward the 4,335–4,350 Demand Zone.
If that demand fails to absorb selling pressure, the larger downside objective sits around 4,270–4,290, where the marked downside target and previous liquidity structure align.
Below that, the 4,235–4,250 Major Demand / SSL Zone remains the deeper structural support.
Key Zones
Current Price: 4,378.385
Major Supply / Sell Area: 4,385–4,405
Demand Zone: 4,335–4,350
Downside Target: 4,270–4,290
Major Demand / SSL: 4,235–4,250
Bearish invalidation: sustained H1 acceptance above 4,410–4,420
Trading Plan
Sell Priority: 4,385–4,405
Condition: wait for price to retest Major Supply and show bearish rejection, liquidity sweep, failed acceptance or lower-high confirmation.
TP1: 4,335–4,350
TP2: 4,270–4,290
TP3: 4,235–4,250
Invalidation: sustained H1 acceptance above 4,420.
Sell View
The cleaner approach is to avoid selling aggressively below current price after the recent recovery.
I prefer to let gold test 4,385–4,405 first. If sellers clearly defend the zone, the risk/reward improves for a rotation back toward demand.
A clean H1 breakout and acceptance above 4,420 would weaken the immediate bearish scenario and require reassessment.
Important Note
Lower oil prices are helping gold recover in the short term, but the Fed’s renewed tightening cycle, a strong dollar and elevated Treasury yields remain important headwinds. This creates a two-sided environment where liquidity sweeps around resistance may be aggressive.
Final View
Gold has recovered strongly, but H1 is now testing a key supply area rather than trading from clean demand.
The main scenario is a retest and rejection from 4,385–4,405, followed by a move toward 4,335–4,350 first and potentially 4,270–4,290 if bearish momentum expands.
Will H1 Major Supply stop the recovery before gold rotates back toward lower liquidity?
Nifty Intraday Analysis for 21st September 2026NSE:NIFTY
The enactment of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 empowers the US President to impose up to 100% tariffs on countries like India for importing Russian oil. Coupled with crude price surges driven by the ongoing Russia-Ukraine war and fresh Houthi-Saudi escalations, these geopolitical developments are sentimentally negative for the Indian market.
The index is near 23350 support and the index has strong resistance in the 23400 - 23500 range and if it breaks and sustains above this resistance range then the uptrend is expected to continue.
The upward movement may lead to 23550 – 23600 resistance range and if the index crosses and sustains above this level then may reach near 23800 – 23850 range.
On the contrary, The downward moment may drag the Index to 23150 – 23100 support range in downward momentum and if this support is broken then index may tank near 22900 – 22850 range.
NIFTY closed above trendline! Signs of REVERSAL!?As discussed NIFTY managed to close itself above the trendline support which is a good sign, showing signs of BULLISHNESS. Hence, all long as we are above the trendline, every dip can be bought for upcoming short covering move. So, plan your trades accordingly and keep watching everyone.
IIFLCAPS — Weekly Consolidation Near Breakout ZoneIIFLCAPS is showing a tight weekly consolidation after a strong recovery from the April lows.
Price continues to trade above both key weekly moving averages:
EMA 13: ₹335.37
EMA 30: ₹324.13
Weekly RSI: ~56.9
Current Price: ₹344.40
The important feature on the chart is the prolonged compression just below the ₹355–360 resistance zone. Price has repeatedly held above the rising EMA structure while volatility has contracted.
Key Levels
Breakout Zone: ₹355–360
Immediate Support: ₹335–338
Major Trend Support: ₹323–325
Potential upside zones after a confirmed breakout:
T1: ₹375
T2: ₹400–410
T3: ₹445–449 — previous major high zone
Current structure: Constructive weekly consolidation — breakout confirmation awaited.
A sustained weekly move above ₹355–360 , preferably supported by expanding volume, would confirm that price is moving out of the current consolidation.
Banknifty Intraday Analysis for 21st September 2026NSE:BANKNIFTY
The enactment of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 empowers the US President to impose up to 100% tariffs on countries like India for importing Russian oil. Coupled with crude price surges driven by the ongoing Russia-Ukraine war and fresh Houthi-Saudi escalations, these geopolitical developments are sentimentally negative for the Indian market.
The index is near 56500 resistance and if index sustains above this level then uptrend is expected to continue else index has support near 56000 level.
The upward moment may lead the Index to 57100 – 57200 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 57800 – 57900 range.
On the contrary, The downward moment may drag the Index to 55600 – 55500 support range in downward momentum and if this support is broken then the index may tank near the 54900 – 54800 range.
Finnifty Intraday Analysis for 21st September 2026NSE:CNXFINANCE
The enactment of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 empowers the US President to impose up to 100% tariffs on countries like India for importing Russian oil. Coupled with crude price surges driven by the ongoing Russia-Ukraine war and fresh Houthi-Saudi escalations, these geopolitical developments are sentimentally negative for the Indian market.
The index is near 25500 resistance and if index sustains above this level then uptrend is expected to continue else index has strong support near 25300 level.
The upward movement may lead the Index to 25750 - 25800 resistance range and if the index crosses and sustains above this level then may reach near 26050 - 26100 range.
On the contrary, The downward moment may drag the to 25250 – 25200 support range and if this support too is broken then index may tank near 24950 – 24900 range.
Midnifty Intraday Analysis for 21st September 2026NSE:NIFTY_MID_SELECT
The enactment of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 empowers the US President to impose up to 100% tariffs on countries like India for importing Russian oil. Coupled with crude price surges driven by the ongoing Russia-Ukraine war and fresh Houthi-Saudi escalations, these geopolitical developments are sentimentally negative for the Indian market.
The index is at 14500 resistance and index sustains above this level and 14500 Put writing increases than Call writing then uptrend will continue else 14500 will act as profit booking level.
The upward movement may lead the Index near 14650 – 14675 resistance range and if the index crosses and sustains above this level then may reach 14825 – 14850 range.
On the contrary, The downward moment may drag the index to 14350 – 14325 support range and if this support is broken then index may tank near 14175 – 14150 range.
Nifty Intraday Analysis for 18th September 2026NSE:NIFTY
The index is near 23200 support and the uptrend is expected to continue as long as the index is above 23200 level.
The upward movement may lead to 23500 – 23550 resistance range and if the index crosses and sustains above this level then may reach near 23750 – 23800 range.
On the contrary, The downward moment may drag the Index to 23050 – 23000 support range in downward momentum and if this support is broken then index may tank near 22800 – 22750 range.
Banknifty Intraday Analysis for 18th September 2026NSE:BANKNIFTY
The index is near 56000 support and the uptrend is expected to continue as long as the index is above 56000 level.
The upward moment may lead the Index to 56800 – 56900 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 57500 – 57600 range.
On the contrary, The downward moment may drag the Index to 55300 – 55200 support range in downward momentum and if this support is broken then the index may tank near the 54600 – 54500 range.
Finnifty Intraday Analysis for 18th September 2026NSE:CNXFINANCE
The index is near 25200 support and the uptrend is expected to continue as long as the index is above 25200 level.
The upward movement may lead the Index to 25600 - 25650 resistance range and if the index crosses and sustains above this level then may reach near 25900 - 25950 range.
On the contrary, The downward moment may drag the to 25050 – 25000 support range and if this support too is broken then index may tank near 24750 – 24700 range.
Midnifty Intraday Analysis for 18th September 2026NSE:NIFTY_MID_SELECT
The index is near 14500 resistance and id index breaks and sustains above this level then uptrend will continue else 14500 will act as profit booking level.
The upward movement may lead the Index near 14575 – 14600 resistance range and if the index crosses and sustains above this level then may reach 14750 – 14775 range.
On the contrary, The downward moment may drag the index to 14275 – 14250 support range and if this support is broken then index may tank near 14100 – 14075 range.
XAUUSD 15m: Intraday Short from Supply, Bullish Swing OutlookCurrently monitoring XAUUSD on the 15-minute timeframe. Price is testing a key supply zone around the 4,376 level.
Intraday Outlook (Bearish):
I am expecting an intraday rejection from this upper supply zone. If we get confirmation of a reversal here, the immediate downside targets are the green demand levels mapped out below, specifically around 4,321 and 4,264.
Long-Term Outlook (Bullish):
While the short-term intraday play is bearish, my bias for the upcoming weeks remains firmly bullish. The plan is to capitalize on the intraday pullback and then watch for strong accumulation at those lower demand zones (4,321 - 4,264) to position for long swing entries in alignment with the broader trend.
Trade safely and always manage your risk!
Rolex Rings — Breakout Above Major Resistance | Long SetupNSE:ROLEXRINGS
Bias: Bullish / Long
Rolex Rings has delivered a decisive breakout above the long-standing ₹166.25 resistance , marking an important structural shift after a prolonged consolidation/base formation.
Price is now trading well above the 20/50/100/200 EMAs , with the EMA structure turning positively aligned. Momentum is strong, while the recent price action suggests buyers are attempting to establish acceptance above the previous resistance zone.
Key Observations
★ ₹166.25 — Major breakout pivot: Previous resistance now needs to act as support.
★ ₹163–166 — Critical support zone: Confluence of breakout structure and short-term trend support.
★ ₹188–190 — Continuation trigger: Sustained trade above this zone can open the next leg higher.
★ ₹200–205 — First upside zone
★ ₹220–230 — Major target zone: Consistent with the projected measured move on the chart.
★ ₹255–260 — Major overhead supply: A larger resistance zone where profit booking may increase.
Preferred Trade Structure
The cleaner risk-reward opportunity would be a successful retest of ₹166–175 followed by bullish rejection , rather than chasing an extended move.
Alternatively, sustained price acceptance above ₹188–190 with expanding volume can signal continuation.
Invalidation
The bullish breakout thesis weakens materially on a daily close below ₹163 .
A sustained daily close below ₹158–160 would be considered structural invalidation of this long setup.
Risk Note
RSI is already in the ~73 zone , so short-term momentum is strong but somewhat extended. Volume confirmation on the next leg is therefore important. Avoid treating the setup as a guaranteed directional move and manage position size is most important according to individual risk tolerance.
Disclaimer: This post represents only my personal technical analysis and market view for educational/informational purposes. I am not a SEBI-registered investment adviser or research analyst. This is not a recommendation, solicitation, or investment advice. Markets involve substantial risk, and past price action does not guarantee future results. Please conduct your own research and consult a SEBI-registered professional before making investment decisions.
STYL : Cup & Handle Taking Shape — Demand Zone HoldsSeshaasai Technologies Ltd. NSE:STYL is developing an interesting Cup & Handle structure on the daily chart, with the handle currently testing an important demand/confluence area.
Key Observations :
1. Cup formation: After the post-listing decline, price formed a broad base and recovered toward the IPO/major high zone around ₹433–437, completing the larger cup structure.
2. Supply reaction: The first attempt near the previous high was rejected, followed by another pullback. This indicates that the ₹433–437 area remains the major supply/resistance zone.
3. Handle development: The subsequent decline has so far held the ₹343–358 demand zone, which is close to the lower portion of the developing handle.
4. EMA confluence: The demand area is supported by the 100 EMA around ₹346.5, while the 50 EMA around ₹370.8 is currently acting as an intermediate dynamic level.
5. Momentum: RSI has cooled from the previous overbought region and is now around the neutral zone. This gives the handle room to develop without the stock remaining excessively extended.
Trade Plan:
Trigger:
A sustained move above ₹394 and RSI above 50 can be treated as a confirmation of the developing handle breakout / short-term structure reversal.
Upside levels:
₹437–438: Major resistance / previous high
Above ₹437–438: price discovery becomes possible, subject to breakout strength and volume.
Invalidation:
A decisive breakdown below the ₹343–358 demand zone, particularly a daily close below the lower boundary, would weaken the current Cup & Handle thesis.
Risk management:
Rather than entering solely because price is inside the demand zone, the cleaner setup is to wait for price confirmation above ₹394, preferably accompanied by expanding volume. Position size should be calculated according to the predefined risk per trade.
Important technical distinction:
₹394 does not validate the demand zone itself. It validates the handle/recovery structure. The demand-zone thesis is already supported by the reaction from ₹343–358; ₹394 is the potential confirmation trigger.
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Disclaimer: 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.
CDSL | 4H Bullish Reversal Setup, Demand Zone + GAP Retest Central Depository Services (India) Ltd. — CDSL
CDSL is currently approaching an important 4H demand/support zone after a sharp correction from the ₹1,430–₹1,440 area.
The recent price action shows a reaction from the lower support zone, with the stock attempting to stabilize around the marked GAP/FVG area. The setup is based on a potential support retest → reversal → move toward higher resistance.
🔍 Technical Structure
🔹 4H demand zone: around ₹1,277–₹1,310
🔹 GAP/FVG zone: around ₹1,300–₹1,330
🔹 Immediate resistance: around ₹1,380
🔹 Major resistance: ₹1,410–₹1,445
🔹 Price is being monitored for a bullish reaction from the support area
🎯 Trade Thesis
The key level to watch is the ₹1,300–₹1,330 zone.
If buyers successfully defend this area and price reclaims the nearby resistance, it could open the possibility of a move toward the ₹1,380 zone, followed by the higher resistance area around ₹1,410–₹1,445.
The idea becomes invalid if price decisively breaks and sustains below the marked demand zone.
Patience is the trade. Wait for confirmation rather than chasing the price.
This is a technical-analysis setup for educational purposes, not a guaranteed prediction. Always manage position size and risk according to your own trading plan.
NIFTY might see short covering if closes above trendline tmrw!As we can see NIFTY showed some short covering as expected as we are trading at important demand zone. Now, we must close above the trendline so the weekly candle closes above the trendline, which would further confirm the future shortcoming. Else, NIFTY will get even weaker and continue its weakness. So, keep watching and plan your trades accordingly
Nifty projections as per daily ATRDaily ATR is 190 approx
Close was at 23270
Projected levels are
Close + ATR = 23270 + 190 = 23460 projected high
Close - ATR = 23270 - 190 = 23080 projected low
Any weakness below 23285 is likely to take it down to 23080
if it sustains above 23285 then 23380 levels are likely
23285 is the key level
Nifty Intraday Analysis for 17th September 2026NSE:NIFTY
The outcome of tonight's US FOMC meeting will decide the direction of global markets. A rate hike or hawkish commentary will pressure global capital markets, whereas keeping rates steady will bring a sigh of relief.
The index is near 23200 support and favorable US FOMC outcome will lift the market otherwise the support will be broken and the index will fall further.
The upward movement may lead to 23450 – 23500 resistance range and if the index crosses and sustains above this level then may reach near 23700 – 23750 range.
On the contrary, The downward moment may drag the Index to 23000 – 22950 support range in downward momentum and if this support is broken then index may tank near 22750 – 22700 range.
Banknifty Intraday Analysis for 17th September 2026NSE:BANKNIFTY
The outcome of tonight's US FOMC meeting will decide the direction of global markets. A rate hike or hawkish commentary will pressure global capital markets, whereas keeping rates steady will bring a sigh of relief.
The index is near 56000 support and favorable US FOMC outcome will lift the market otherwise the support will be broken and the index will fall further.
The upward moment may lead the Index to 56900 – 57000 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 57600 – 57700 range.
On the contrary, The downward moment may drag the Index to 55600 – 55500 support range in downward momentum and if this support is broken then the index may tank near the 54900 – 54800 range.
Finnifty Intraday Analysis for 17th September 2026NSE:CNXFINANCE
The outcome of tonight's US FOMC meeting will decide the direction of global markets. A rate hike or hawkish commentary will pressure global capital markets, whereas keeping rates steady will bring a sigh of relief.
The index is near 25200 support and favorable US FOMC outcome will lift the market otherwise the support will be broken and the index will fall further.
The upward movement may lead the Index to 25500 - 25550 resistance range and if the index crosses and sustains above this level then may reach near 25800 - 25850 range.
On the contrary, The downward moment may drag the to 25000 – 24950 support range and if this support too is broken then index may tank near 24700 – 24650 range.
Midnifty Intraday Analysis for 17th September 2026NSE:NIFTY_MID_SELECT
The outcome of tonight's US FOMC meeting will decide the direction of global markets. A rate hike or hawkish commentary will pressure global capital markets, whereas keeping rates steady will bring a sigh of relief.
The index is near 14300 resistance and favorable US FOMC outcome will break this resistance otherwise it will act as resistance and the index will fall further.
The upward movement may lead the Index near 14450 – 14475 resistance range and if the index crosses and sustains above this level then may reach 14625 – 14650 range.
On the contrary, The downward moment may drag the index to 14125 – 14100 support range and if this support is broken then index may tank near 13950 – 13925 range.






















