Education
Trading AnalysisWhere is Nifty right now?
Nifty closed at 23,689 on Thursday May 14. After a brutal fall earlier this week (it touched ~23,300), it bounced back for 2 days in a row. So right now it's in a recovery mood — but it hasn't really "fixed" itself yet. Think of it like someone who had a fever, now feeling slightly better, but not fully healthy.
2 What's the wall above? (Resistance)
If Nifty tries to go up next week, it will hit a wall around 23,500–23,600 first. That's the first test. If it somehow crosses that, the BIGGER wall is at 23,900–24,000 — where all the major moving averages (50-day & 200-day) are sitting. Lots of sellers will be waiting there to book profits. So going above 24,000 next week? Unlikely unless something very positive happens.
3 What's the floor below? (Support)
If Nifty starts falling, the first safety net is around 23,300–23,150. This zone has held multiple times recently. If it breaks this level decisively (and stays below it), then the next stop could be 23,000 or even 22,900. That's the danger zone — but that's not the most likely scenario for next week.
Long
TVSMOTOR Rising Wedge Recovery Strong Q1 FY27 Earnings📊 TVS Motor Company: Daily Technical Snapshot – Rising Wedge Recovery & Strong Q1 FY27 Earnings
📊 STWP Technical Analysis
________________________________________
MARKET STRUCTURE SNAPSHOT | NSE: TVSMOTOR | DAILY
Closing Price: 3,792.00 (+201.80 | +5.62%)
Core Trend: Strong Uptrend
Market State: Recovery Within Uptrend
Price Structure: Price has rebounded strongly after forming a Bullish Engulfing near the rising support trendline and is now attempting to break above the descending resistance of a Rising Wedge consolidation. The recovery is supported by improving momentum, healthy volume participation and strong quarterly earnings.
________________________________________
OPERATIONAL PRICE GRID & KEY REFERENCE LEVELS
Model Reference Level: 3,810.00
Hard Invalidation Level: 3,260.70
Structural Risk: 549.30 (14.42%)
Resistance Levels: R1 3,875.73 | R2 3,959.47 | R3 4,108.93
Support Levels: S1 3,642.53 | S2 3,493.07 | S3 3,409.33
Range Structure: Low 3,260.70 | High 4,108.93
Higher Timeframe Observation Zones: 3,960 | 4,109 | 4,250
________________________________________
🏢 BUSINESS & FUNDAMENTAL UPDATE
TVS Motor reported a strong Q1 FY27 performance, exceeding market expectations across revenue, profitability and margins. Standalone revenue increased 38% YoY to 13,896 crore, while net profit rose 51% YoY to a record 1,174 crore. EBITDA grew 41%, with margins expanding to 12.8%, despite concerns over rising input costs and a higher EV mix. The company also recorded its highest-ever quarterly vehicle sales of 1.63 million units, driven by robust growth across motorcycles, scooters, exports and electric vehicles, with EV sales surging 86% YoY. The Board also declared plans to raise up to 1,000 crore through debt instruments. The stronger-than-expected earnings, improving margins and record sales provided a positive fundamental backdrop to the stock's ongoing technical recovery and trendline breakout attempt.
________________________________________
⚠️ MOMENTUM, PARTICIPATION & CPR DATA
Volume Profile: 2.39 Million Shares
Volume Character: Strong Relative Participation
RSI: 65.36 (Strong Momentum Zone)
ADX: 18.85 (Trend Strength Improving)
ROC: +2.14%
MACD Status: Fresh Bullish Crossover
CCI: +127.60 (Positive Momentum)
Stochastic Reading: 93.64 (Extended Momentum Zone)
Current Bias: BUY ON PULLBACKS AFTER BREAKOUT CONFIRMATION
CPR State: Bullish Zone | CPR Moving Down (Narrow)
Today's CPR: Pivot 3,586.70 | Top 3,588.40 | Base 3,584.90
Tomorrow's CPR (Projected): Pivot 3,726.30 | Top 3,759.10 | Base 3,693.40
________________________________________
📚 EDUCATIONAL OBSERVATION
TVS Motor has staged a strong recovery after forming a Bullish Engulfing candlestick near the lower boundary of its rising support trendline. The stock is now testing the upper boundary of a Rising Wedge consolidation, signalling that buyers have regained control following a brief corrective phase. The recent price action indicates that selling pressure has gradually weakened while demand has improved near key support levels. The strong bullish candle, combined with improving momentum indicators, reflects renewed buying interest. However, the trendline breakout is still in progress, and confirmation would require sustained trading above the wedge resistance, preferably supported by stronger-than-average trading volume.
Momentum indicators continue to improve. The RSI at 65.36 reflects healthy bullish momentum without entering an extreme overbought zone. MACD has generated a fresh bullish crossover, suggesting strengthening upside momentum, while the ROC of +2.14% indicates improving price acceleration. The CCI reading of +127.60 confirms positive buying momentum, and the Stochastic reading of 93.64 highlights sustained participation. While momentum remains constructive, elevated readings may also result in short-term consolidations after a sharp advance. The projected Central Pivot Range (CPR) for the next trading session has shifted higher, with the projected Pivot at 3,726.30. A higher CPR reflects improving market acceptance of higher prices and supports the prevailing bullish structure as long as prices remain above key support levels. Immediate attention remains focused on the resistance zone between 3,876 and 3,959, which also coincides with the upper boundary of the Rising Wedge. A decisive close above this region, supported by improving participation, would confirm the breakout and could shift attention towards the higher-timeframe observation zones near 4,109 and 4,250. On the downside, 3,643 remains the first important support, while the structural invalidation level is positioned near 3,261.
________________________________________
📖 Educational Note
The combination of strong quarterly earnings, record vehicle sales, margin expansion, and a technical recovery within a Rising Wedge provides a constructive backdrop for the stock. However, from a technical perspective, the current setup will be considered fully confirmed only if price sustains above the wedge resistance with continued participation. Support and resistance levels should be treated as observation zones rather than predictive targets. Technical analysis and financial results are educational tools that help investors evaluate market structure and business performance 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. Investments in the stock market are subject to market risks, including the possible loss of capital. Historical performance, financial results, chart patterns and technical indicators do not guarantee future outcomes. 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.
Long
HAL Symmetrical Triangle Breakout Watch_______________________________________
📊 Hindustan Aeronautics Ltd. (HAL): Daily Technical Snapshot – Symmetrical Triangle Breakout Watch
📊 STWP Technical Analysis
________________________________________
MARKET STRUCTURE SNAPSHOT | NSE: HAL | DAILY
Closing Price: ₹4,581.70 (+₹90.70 | +2.02%)
Core Trend: Strong Uptrend
Market State: Consolidation Within Uptrend
Price Structure: Price is consolidating inside a Symmetrical Triangle, following a strong prior advance. The recent Bullish Engulfing candle suggests improving buying interest as the stock approaches the upper boundary of the pattern.
________________________________________
OPERATIONAL PRICE GRID & KEY REFERENCE LEVELS
Model Reference Level: ₹4,594.00
Hard Invalidation Level: ₹4,155.20
Structural Risk: ₹438.80 (9.55%)
Resistance Levels: R1 ₹4,630.00 | R2 ₹4,678.30 | R3 ₹4,762.60
Support Levels: S1 ₹4,497.40 | S2 ₹4,413.10 | S3 ₹4,364.80
Range Structure: Low ₹4,155.20 | High ₹4,762.60
Higher Timeframe Observation Zones: ₹4,678 | ₹4,763 | ₹4,900
________________________________________
MOMENTUM, PARTICIPATION & CPR DATA
Volume Profile: 697.57K Shares
Volume Character: Normal Relative Participation
RSI: 63.43 (Strong Momentum Zone)
ADX: 11.59 (Low Trend Strength – Compression Phase)
ROC: +4.12%
MACD Status: Strong Positive Momentum Structure
CCI: +173.39 (Strong Bullish Momentum)
Stochastic Reading: 95.73 (Extended Momentum Zone)
Current Bias: WAIT FOR BREAKOUT CONFIRMATION
CPR State: Bullish Zone | CPR Moving Up (Narrow)
Today's CPR: Pivot ₹4,489.00 | Top ₹4,490.00 | Base ₹4,488.00
Tomorrow's CPR (Projected): Pivot ₹4,545.70 | Top ₹4,563.70 | Base ₹4,527.70
________________________________________
📚 EDUCATIONAL OBSERVATION
Hindustan Aeronautics Ltd. (HAL) continues to trade within a Symmetrical Triangle, a consolidation pattern that often develops after a strong trending move. The formation of higher lows alongside lower highs indicates that buyers and sellers are gradually reaching equilibrium, leading to price compression before the next significant directional move.
The recent Bullish Engulfing candlestick near the rising trendline reflects renewed buying interest and suggests that buyers are attempting to challenge the upper boundary of the triangle. However, the pattern remains under development, and a decisive breakout above the resistance trendline, supported by stronger-than-average volume, would provide stronger confirmation of a potential continuation of the broader uptrend.
Momentum indicators continue to remain constructive. The RSI at 63.43 reflects healthy bullish momentum, while the MACD remains positive, indicating sustained upside strength. The ROC of +4.12% signals improving price acceleration, and the CCI reading of +173.39 confirms strong buying momentum. The Stochastic reading of 95.73 highlights continued participation, although elevated momentum levels may also lead to short-term consolidation before the next directional move. Meanwhile, the ADX at 11.59 indicates that the market is currently in a compression phase, which is common during triangle formations.
The projected Central Pivot Range (CPR) for the next trading session has shifted higher, with the projected Pivot at ₹4,545.70. A rising CPR reflects improving market acceptance of higher prices and supports the prevailing bullish bias.
Immediate technical attention remains on the resistance zone between ₹4,630 and ₹4,678, which also coincides with the upper boundary of the Symmetrical Triangle. A sustained breakout above this region could strengthen the existing bullish structure and bring the higher-timeframe observation zones near ₹4,763 and ₹4,900 into focus. On the downside, ₹4,497 remains the first important support, while the structural invalidation level is positioned near ₹4,155.
________________________________________
🏢 BUSINESS & FUNDAMENTAL UPDATE
Hindustan Aeronautics Ltd. (HAL) remains India's largest aerospace and defence manufacturer, benefiting from the Government of India's continued focus on defence modernisation and indigenous manufacturing under the Govt. initiative. The company maintains a strong order book across fighter aircraft, helicopters, engines and defence systems, providing healthy long-term revenue visibility. Increasing defence capital expenditure, export opportunities and sustained execution of major defence programmes continue to support HAL's long-term growth outlook.
________________________________________
📖 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.
Investments in the stock market are subject to market risks, including the possible loss of capital.
Historical performance, business developments, chart patterns and technical indicators do not guarantee future outcomes.
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.
Long
#BANKNIFTY Intraday PE & CE Levels(21/07/2026)Bank Nifty is expected to witness a flat opening with no major overnight cues. The index is consolidating near the 57950–58050 zone after Friday's sharp rally, indicating a wait-and-watch approach before the next directional move. Traders should wait for confirmation around key support and resistance levels before initiating fresh positions.
If Bank Nifty sustains above 57550–57600 after the opening, traders can consider buying CE options with upside targets of 57750, 57850, and 57950. A decisive breakout above 58050 will confirm fresh bullish momentum and can extend the rally towards 58250, 58350, and 58450+.
On the downside, if Bank Nifty fails to hold the 57950–57900 resistance zone and shows rejection, traders can consider buying PE options with downside targets of 57750, 57650, and 57550. A breakdown below 57450 will further strengthen the bearish momentum and can drag the index towards 57250, 57150, and 57050.
Overall, a flat opening is expected with stock-specific action likely to dominate during the initial session. As long as Bank Nifty trades above the 57550–57600 support zone, buying on dips remains the preferred strategy. Traders should wait for confirmation near the opening range and maintain strict stop-losses while booking profits gradually at the mentioned target levels. #NIFTY Intraday Support and Resistance Levels - 21/07/2026Nifty is expected to witness a flat opening with no major overnight triggers. The index is consolidating near the 24200–24250 support zone after the recent recovery, indicating that traders should wait for confirmation before taking fresh positions.
If Nifty sustains above 24250–24300 after the opening, traders can consider long positions with upside targets of 24350, 24400, and 24450. A decisive breakout above 24450 will confirm fresh bullish momentum and can extend the rally further.
On the downside, if Nifty fails to hold 24200 and slips below this support, traders can consider short positions with downside targets of 24150, 24100, and 24050. A sustained move below 24050 will strengthen the bearish bias and may lead to further selling pressure.
Overall, a flat opening is expected with range-bound trading likely during the initial session. As long as Nifty holds above the 24200–24250 support zone, buying on dips remains the preferred strategy. Traders should wait for confirmation near the opening range and maintain strict stop-losses while booking profits gradually at the mentioned target levels. One Market, Infinite TrendsHave you ever noticed something strange while looking at charts? You open the 5-minute timeframe and see a strong uptrend. Then you switch to the 1-hour chart, and the market suddenly looks like it is moving sideways. Move to the daily timeframe, and now it looks like a downtrend. The obvious question is, **which one is correct?
The surprising answer is that they are all correct . The market does not have just one trend. It has many trends happening at the same time. Understanding this simple idea can completely change the way you read charts and explain why experienced traders rarely rely on only one timeframe.
Every Timeframe Tells a Different Story
Think of standing in front of a mountain. If you stand very close, you only see rocks, trees, and small details. As you move farther away, you begin to see the entire mountain. Neither view is wrong. You are simply looking at the same object from a different distance.
Charts work the same way. A lower timeframe shows every small battle between buyers and sellers. A higher timeframe hides that noise and reveals the bigger picture. The market has not changed. Only your perspective has.
The Market Is Fractal:
One of the most fascinating characteristics of financial markets is that they are fractal. This means similar patterns repeat themselves across different timeframes.
A breakout on the 5-minute chart may look almost identical to a breakout on the daily chart. Trends, pullbacks, consolidations, and reversals appear everywhere, whether you are looking at one minute or one month.
It is like zooming into the branches of a tree. Every branch looks similar to the whole tree. The pattern repeats itself at different sizes.
This is why traders can use many of the same price action concepts on almost any timeframe.
Why Trends Can Coexist?
Many beginners believe there can only be one trend at a time. In reality, several trends can exist together without contradicting each other.
Imagine climbing a staircase.
Each step moves upward.
At the same time, you may walk slightly left or right while climbing.
From close up, your movement looks different.
From a distance, everyone can clearly see you are moving upstairs.
The market behaves in a similar way.
The daily chart may be in a strong uptrend.
Inside that uptrend, the 1-hour chart may show a temporary pullback.
Within that pullback, the 5-minute chart may even have its own short-term uptrend.
Each timeframe is simply showing a smaller part of the bigger picture.
The Zoom Illusion
Imagine opening Google Maps.
At the highest zoom level, you can see your entire country.
Zoom in, and you only see your city.
Zoom in again, and you see individual streets.
Finally, you see a single building.
Nothing has changed except your level of zoom.
Charts work the same way.
Changing timeframes is simply changing your zoom level.
The market itself remains the same.
Which Timeframe Is the Best?
This is one of the most common questions traders ask.
The truth is that no timeframe is better than another.
A scalper may only care about the 1-minute chart.
A swing trader may focus on the 4-hour and daily charts.
A long-term investor may rarely look below the weekly timeframe.
The best timeframe is the one that matches your trading style.
Instead of searching for the "perfect" timeframe, successful traders learn how different timeframes work together.
The Bigger Picture Always Matters:
Imagine reading a single sentence from a book without knowing the rest of the story. It is easy to misunderstand its meaning.
The same happens in trading.
Looking at only one timeframe can hide important information. A perfect buy setup on the 15-minute chart might actually be trading directly into a strong resistance level visible on the daily chart.
This is why experienced traders often begin with higher timeframes to understand the overall market direction before moving to lower timeframes to fine-tune their entries.
My Thoughts:
The market does not change when you switch timeframes. Only your perspective changes. Every timeframe reveals a different layer of the same story. Lower timeframes show the details, higher timeframes reveal the bigger picture, and together they create a complete view of the market.
The next time you see two charts showing different trends, remember this simple idea.
The market is not contradicting itself. You are simply looking at the same story from different distances.
By @BrightRally_Research on @TradingView 
Education
BTCUSD Rejection at Major Resistance? Short Setup Around 65000BTCUSD Analysis: Watching the 65,000–65,100 Resistance Zone
BTCUSD is approaching a key resistance area between 65,000 and 65,100, where sellers could step in and trigger a bearish rejection.
Trade Idea
Entry Zone: 65,000 – 65,100
Bias: Bearish
Stop Loss: 65,710
Target 1: 64,000
Target 2: Below 64,000 (depending on momentum)
Why this setup?
Price is testing a significant resistance zone.
A rejection here could attract fresh selling pressure.
Risk-to-reward becomes attractive if the resistance holds.
Trade Management
Wait for bearish confirmation (such as a rejection candle, bearish engulfing pattern, or lower-timeframe market structure break) before entering. If BTC closes decisively above 65,710, the bearish setup becomes invalid.
Disclaimer: This is a technical analysis idea based on price action and key resistance levels. Always manage your risk and wait for confirmation before entering any trade.
Do you expect BTC to reject this resistance or break through it? Share your view below.
📌 Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always manage risk and follow your trading plan.
Your feedback drives our content and keeps everyone trading smarter. Let’s make those pips together! 🚀
Happy Trading,
– The InvestPro Team 
Short
Breakout ongoing – will gold confirm bullish reversal?Gold enters the new trading week with the first encouraging technical signal after breaking slightly above the descending H4 trendline that has capped price action throughout the recent decline. Although the breakout is still modest, it suggests selling pressure is gradually weakening and buyers are beginning to regain control.
The broader market structure, however, has not fully shifted into a bullish trend. The 4040–4060 area remains the most important resistance, where the H4 descending trendline and previous supply converge. This will be the decisive zone to determine whether the current recovery is merely a corrective bounce or the beginning of a larger bullish reversal.
As long as gold continues holding above the breakout area and forms higher lows, the bullish recovery scenario remains favored. A confirmed break and sustained acceptance above 4040–4060 would likely attract fresh buying momentum and open the way toward the psychological 4100 resistance, where the market will face its next major technical test.
For the coming sessions, the preferred strategy is to buy on pullbacks while price remains above the newly broken trendline. Scalping opportunities can still be taken within the current range, but traders should be prepared to shift into breakout trading once resistance is cleared with strong momentum.
📍 Key Levels
🔹 3970 – 3990 Major support zone and preferred buying area.
🔹 4015 – 4045 Breakout support and H4 trendline retest zone.
🔹 4040 – 4060 Key resistance. A confirmed breakout would strengthen the bullish structure.
🔹 4090 – 4105 Primary upside target before reassessing higher-timeframe momentum.
✅ Preferred Scenario Gold holds above the broken descending trendline. Buyers defend the 4015–4045 support region. A breakout above 4040–4060 confirms bullish continuation. The next upside objective is the 4100 area. Failure to hold above the breakout structure would delay, but not immediately invalidate, the recovery outlook. 
Long
XAUUSD [1H]: Bearish Rejection at Supply Zone & Trendline ?🔍 Market Structure & Technical Breakdown
Overall Bias: Bearish. The asset experienced a clear Change of Character (CHOCH) at the top left, followed by a sustained Break of Structure (BOS) to the downside.
The Correction: Price temporarily rallied out of a Downward Channel via a Market Structure Shift (MSS), but failed to sustain higher prices, putting the broader bearish momentum back in control.
Confluence Zone: We are currently looking at a high-probability Short Setup forming around the $4,020 - $4,040 region. This setup is heavily reinforced by a strong confluence of factors:
Descending Trendline: Price is reacting directly underneath a well-respected, multi-touch bearish trendline.
Supply Zone: The blue horizontal box represents a key historical order block/supply zone where sellers have previously stepped in aggressively.
📉 Trading Setup (Short Opportunity)
Execution Area: Sell limit or price action rejection within the blue Supply Zone ($4,020 - $4,035), aligned with the descending trendline touch.
Invalidation/Stop Loss: A clean daily close or sustained hourly candle body closing above the trendline and supply zone (above $4,045).
Take Profit (Target): The recent local swing low liquidity pool at $3,965. Short 
SBC EXPORTS: High-Momentum Textile Rally Meets Premium ValuationOverview :
SBC Exports Limited (NSE: SBC) is showcasing exceptional multi-timeframe bullish momentum, currently trading near the ₹42.16 zone. The stock has delivered an impressive multi-bagger performance over the past year (+149.7%), driven by aggressive revenue expansion and repeat corporate order wins. However, trading significantly above its historical value area, it represents a classic high-growth, high-risk proposition.
Technical Trend Direction & Key S/R Levels :
Trend Direction : The technical structure remains firmly bullish across the short, medium, and long-term horizons (aligned Buy ratings on 4h, daily, and weekly charts), supported by a rising moving average ribbon and strong volume accumulation.
Key Resistance : Immediate overhead supply sits at the macro ascending trendline around ₹45.58. A decisive weekly close above this barrier opens the path for extended price discovery.
Key Support : The immediate structural safety net rests at the Value Area High (VAH) shelf near ₹29.12, with major deeper multi-year support anchored around the ₹24.27 swing low and the Point of Control (POC) at ₹14.03.
Fundamental Analysis & Valuation :
Growth vs. Leverage : SBC operates as a leveraged growth play. TTM revenue surged +34.4% YoY to $4.0B, and net income jumped +87.4% to $342M with a solid net margin of 8.5%. However, this comes with financial strain—total debt and a high debt-to-equity ratio of 2.83 require close monitoring alongside negative free cash flow trends.
Valuation Multiples : The growth comes at a steep price. SBC trades at a P/E multiple of 58.9 and an EV/EBITDA of 66.4, placing it at a substantial premium compared to industry medians.
Sector Comparison :
When compared against textile peers like WELSPUNLIV (Welspun Living), ARVIND, and GHCLTEXTIL, SBC commands the highest 1-year return and top-line growth rate (+34.4% YoY vs peers). However, peers like Arvind offer a more balanced profile with a moderate P/E of 33.2 and "Strong Buy" consensus ratings, whereas SBC trades at the highest valuation multiple in the group.
Directional Bias & 1–3 Year Outlook (Levels to Watch) :
Bias: BULLISH WITH CAUTION (1–3 Year Horizon)
Strategy : For a 1 to 3-year holding window, momentum favors the buyers as long as macro support structures hold. Chasing aggressively at current extended levels carries mean-reversion risk; a disciplined approach involves waiting for a breakout confirmation above ₹45.58 or scaling in on healthy pullbacks toward the ₹29.12 value area.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage your risk accordingly. 
Long
Long 
#BANKNIFTY Intraday PE & CE Levels(22/07/2026)Bank Nifty is expected to witness a flat opening with mixed global cues and no significant overnight trigger. The index is consolidating around the 57800 zone after the recent rally, suggesting that traders should wait for a confirmed breakout or breakdown before initiating fresh positions.
If Bank Nifty sustains above 57550–57600 after the opening, traders can consider buying CE options with upside targets of 57750, 57850, and 57950. A decisive breakout above 58050 will confirm renewed bullish momentum and can extend the rally towards 58250, 58350, and 58450+.
On the downside, if Bank Nifty faces rejection near 57950–57900 and slips lower, traders can consider buying PE options with downside targets of 57750, 57650, and 57550. A sustained breakdown below 57450 will strengthen the bearish bias and may drag the index towards 57250, 57150, and 57050.
Overall, a flat opening is expected with range-bound movement likely during the initial session. As long as Bank Nifty holds above the 57550–57600 support zone, buying on dips remains the preferred strategy. Traders should wait for confirmation around the opening range, avoid chasing trades in the middle of the range, and follow strict stop-losses while booking profits at the mentioned target levels. HDFC Bank — Fourth Test of a Multi-Year TrendlineOverview
HDFC Bank has just fallen sharply this week (-7.09%), and this drop is bringing it down toward a trendline that's been holding since 2022. This trendline has already been tested three times before — and now it's headed for a fourth test, right around the 732 zone.
What's Happening
Looking at the weekly chart, there's a rising trendline connecting the lows going all the way back to 2022. Price has tested this trendline three times already (marked on the chart), and each time it has held. Now, after this week's sharp fall, price is heading toward the trendline for a fourth time.
The more times a trendline gets tested and holds, the more traders tend to watch and respect that level — but it's also fair to note that each additional test can increase the risk of an eventual failure too. A trendline doesn't hold forever.
Key Levels to Watch
Trendline Support (4th test approaching): 732
Resistance above (recent swing high): 843
Current price: 761.45
Two Ways This Can Go
If the trendline holds a fourth time: That would be an impressive track record for this level, and a bounce from here would likely head back toward the 843 resistance zone.
If the trendline finally breaks: A weekly close well below 732 would be a meaningful development — the first failure of this level in over three years — and would open the door to levels well below anything seen on this trendline so far.
Beginner's Lesson
Every extra time a trendline holds adds to its credibility, but it doesn't guarantee the next test will go the same way. In fact, some traders get caught off guard exactly because a level "always held before" — right before the one time it doesn't. This is why watching for confirmation, especially after a sharp move like this week's, matters more than assuming history repeats.
Conclusion
HDFC Bank is heading into an important fourth test of a multi-year trendline, right after a sharp weekly fall. As always, we're watching for confirmation rather than assuming either outcome.
For educational purposes only. Not financial advice. Always manage your risk. NIFTY 50: Range Breakout Setup for Tomorrow (22 July)After spending the last two trading sessions (20-21 July) inside a narrow consolidation, NIFTY 50 is approaching a decision point. The market has respected both the upper and lower boundaries of this range multiple times, suggesting that the next directional move could come only after a decisive breakout.
The key is patience—let the market confirm the direction before taking a trade.
Key Levels to Watch
🔴 Major Resistance: 24,367 (High of 17th July)
🟢 Major Support: 24,099 (Low of 17th July)
🟨 Current Consolidation Range: 24,150 - 24,260
Bullish Scenario 📈
A sustained breakout above 24,260 with strong participation could trigger fresh buying momentum.
Entry: Above 24,260 after a confirmed candle close.
Stop Loss: Below 24,200 (back inside the range).
Target 1: 24,367 (High of 17th July)
A successful move above 24,367 may open the door for further upside, but the first objective remains this key resistance.
Bearish Scenario 📉
If price breaks and closes below 24,150, it would indicate that sellers have gained control of the range.
Entry: Below 24,150 after confirmation.
Stop Loss: Above 24,200.
Target 1: 24,099 (Low of 17th July)
A breakdown below 24,099 could accelerate selling pressure.
Why This Setup Matters
Markets often build energy during tight consolidations. Once price escapes a well-defined range, traders caught on the wrong side rush to exit while breakout traders enter, creating a stronger follow-through move.
Rather than predicting direction, the focus is on reacting to the breakout.
Trading Plan
✅ Wait for a candle to close outside the range.
✅ Avoid taking trades inside the consolidation.
✅ Let price confirm the direction before entering.
✅ Respect your stop loss and manage position size.
Educational purpose only. Not financial advice. Always trade with proper risk management. XAUUSD Analysis: Bears Still Control Below This Key Trendline
Hello everyone, Gold continues to respect a well defined major descending resistance trendline, and the latest rejection once again highlights the importance of this technical level.
Every recent rally into this resistance has attracted selling pressure, creating a sequence of lower highs that keeps the broader short term structure bearish.
As long as price remains below this trendline, sellers continue to hold the technical advantage. A confirmed breakout would change the outlook, but until then, resistance deserves respect.
One area that stands out on the chart is the key liquidity pool below current price. Markets often revisit these zones before making their next meaningful move, making this an important level to monitor rather than predict.
If selling pressure continues, price could gradually rotate lower and test this liquidity area. However, if buyers manage to reclaim the descending resistance with strong confirmation, the bearish structure would begin to weaken.
Instead of chasing every move, I prefer waiting for price to react around high-probability technical zones where risk-to-reward is more favorable.
My focus remains simple:
Respect the trend.
Follow market structure.
Let price confirm the next move.
No predictions, just reacting to what the market is showing.
What do you think?
Will Gold sweep the liquidity below first, or break above the descending resistance before making its next major move? Share your view in the comments. 👇
Disclaimer
This analysis is shared for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research and use proper risk management before making any trading decisions.
—@TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
Short 
