Long
Long
Education
XAUUSD — Elliott Wave Recovery From 4,286 XAUUSD — Elliott Wave Recovery From 4,286
Gold is showing a strong Elliott Wave recovery after completing the previous bearish wave 5 near the 4,286–4,300 demand area. From Kelly’s view, the current chart suggests that XAUUSD has shifted into a short-term bullish correction structure, but price is now approaching an important Fibonacci sell zone where a pullback may appear first.
The key idea is simple: gold may push higher to complete the current upside wave, then correct into the buy zone before continuing toward the next higher Fibonacci target.
⟡ Market Structure
Gold reacted strongly from the done wave 5 area near 4,286–4,300, showing that buyers defended the lower liquidity zone. After that reaction, price built a bullish impulse and is now trading around 4,437.
The current upside structure looks like a developing 5-wave recovery. Price may still have room to test the 4,475–4,490 area, marked as the Done wave 5 / Sell zone Fibonacci. This zone is important because buyers may take profit there, and a short ABC correction can appear.
If price rejects from this Fibonacci zone, the next clean support to watch is the End wave C / Buy zone around 4,385–4,395. If this zone holds, gold may start another bullish leg toward the upper target near 4,520–4,530.
➤ Key Levels
◌ Current price area: 4,437
◌ Done wave 5 / Sell zone Fibonacci: 4,475–4,490
◌ Upper Fibonacci target: 4,520–4,530
◌ End wave C / Buy zone: 4,385–4,395
◌ Strong lower support: 4,286–4,300
◌ Bullish invalidation: below 4,365
⌁ Elliott Wave View
The chart suggests that the previous bearish wave 5 may have already completed around 4,286–4,300.
From that low, gold appears to be building a new bullish recovery:
Wave (1) started from the lower demand zone.
Wave (2) corrected back but held above the recent low.
Wave (3) pushed price higher with stronger momentum.
Wave (4) may create a short pullback.
Wave (5) could finish near 4,475–4,490.
After wave (5) completes, gold may form an ABC correction into 4,385–4,395 before buyers try to continue toward 4,520–4,530.
▸ Trading Scenario
Preferred bullish scenario
Entry: Buy around 4,385–4,395 if price gives bullish confirmation from the End wave C / Buy zone
Stop Loss: Below 4,365
Take Profit 1: 4,475–4,490
Take Profit 2: 4,520–4,530
Alternative scenario
If gold breaks above 4,490 and holds above this zone, the bullish structure may continue directly toward 4,520–4,530 without a deep correction.
◌ Invalidation
The bullish recovery becomes weaker if gold breaks below 4,365 and fails to reclaim the buy zone. In that case, the ABC correction may extend lower, and the bullish continuation setup needs to be delayed.
⌁ Kelly’s View
Kelly’s main view is bullish after the strong reaction from 4,286–4,300, but buying directly into the Fibonacci sell zone is not the cleanest plan.
The better setup is to wait for price to complete the current wave near 4,475–4,490, then watch for an ABC pullback into 4,385–4,395. If buyers defend that zone, gold may continue toward 4,520–4,530.
Do you think gold will complete wave (5) first, or correct into the buy zone before the next rally? Long 
NIFTY — Buying Range Near Trendline Support, Setup for TomorrowOverview
Nifty closed today at 23,914.45, down 0.59%, after touching a low of 23,786.80, right into the buying range we're watching. Price is now testing the rising trendline support, a zone that's held multiple times through this uptrend structure.
Pattern Explanation
The rising Trendline Support (in play since April) is converging with a horizontal support zone here, making 23,760–23,800 a well-defined buying range for tomorrow. Below this, the Invalidation/SL level sits at 23,600, giving a clear risk boundary. On the upside, the 14-Day Rolling VWAP near 24,124 is an important dynamic level to watch as price recovers, since it often acts as a magnet or resistance zone during pullback bounces.
A Word of Caution
Given the current global situation isn't favorable, it's best to stay extra cautious with this setup. Trail your stop loss strictly rather than holding for the full target, and consider booking profits in smaller portions along the way instead of waiting for the entire move to play out. Global uncertainty can trigger sharp, unexpected moves, so protecting capital matters more than chasing the full target right now.
Trade Setup
Buying Range: 23,760–23,800
Stop Loss / Invalidation: 23,600
Target 1: 23,925
Target 2: 24,025
Extended Target: 24,124 (14-Day Rolling VWAP), then Resistance 24,360
Key Levels
Buying Range: 23,760–23,800
Invalidation: 23,600
Target 1: 23,925
Target 2: 24,025
14-Day Rolling VWAP: 24,124
Resistance: 24,360, then 24,601.70
Major Support (deeper cushion): 23,070.15
Beginner's Lesson
A "buying range" instead of a single fixed number is a more realistic way to plan entries, since markets rarely hit one exact price on the nose. Having a defined zone (23,760–23,800 here) along with a clear invalidation level (23,600) means the trade idea is built around risk first, not just a target. The 14-Day Rolling VWAP is also worth understanding: it reflects the average price weighted by volume over the last 14 sessions, and price often reacts around it, either as resistance during a recovery or support during a pullback. In uncertain conditions like now, trailing your stop loss and booking partial profits early is often a smarter approach than holding out for the maximum target.
Conclusion
Nifty is testing an important trendline and horizontal support confluence in the 23,760–23,800 zone. A bounce from this range with strength would support a move toward 23,925 and 24,025, with 24,124 (Rolling VWAP) as the next test. A close below 23,600 would invalidate this setup and open the door to a deeper slide toward Major Support at 23,070. Given the uncertain global backdrop, trail your stop loss strictly and book profits in smaller parts rather than waiting for the full target.
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. Long 
XAUUSD — Bearish Wave 5 Toward 4,286
Gold is still trading inside a bearish Elliott Wave structure after the strong selloff from the upper area. From Kelly’s view, the current chart suggests that XAUUSD may be forming a wave (4) correction under resistance before continuing lower into wave (5).
The key idea is simple: gold is still below strong resistance, and if buyers fail to reclaim the upper zone, the next bearish target remains around 4,286.
⟡ Market Structure
Gold is currently trading around 4,429, right near the upper side of the FVG support area. After the sharp drop, price has been moving sideways and building a small corrective structure.
The important resistance zone is around 4,455–4,470. This area may act as the wave (4) rejection zone. If price cannot break above it, sellers may continue to control the short-term structure.
Below the current price, the key support is near 4,397. If gold breaks below this level, the bearish wave (5) scenario becomes stronger, opening the way toward the lower liquidity area around 4,286–4,300.
➤ Key Levels
◌ Current price area: 4,429
◌ Strong resistance / wave (4): 4,455–4,470
◌ FVG support zone: 4,365–4,430
◌ Key support: 4,397
◌ Main bearish target: 4,286–4,300
◌ Extended support zone: 4,270–4,310
◌ Bullish invalidation: above 4,507
⌁ Elliott Wave View
The chart is showing a possible bearish 5-wave sequence.
Wave (1) started after the first rejection from the top.
Wave (2) created a recovery bounce but failed to make a stronger continuation.
Wave (3) pushed sharply lower into the FVG support zone.
Wave (4) is now forming as a sideways correction below resistance.
If sellers reject this area again, wave (5) may continue lower toward 4,286–4,300.
This is why Kelly is not chasing buys at the current level. The cleaner plan is to wait for rejection below resistance or a confirmed breakdown below 4,397.
▸ Trading Scenario
Preferred bearish scenario
Entry: Sell around 4,455–4,470 if price gives bearish rejection from strong resistance
Stop Loss: Above 4,507
Take Profit 1: 4,397
Take Profit 2: 4,340–4,320
Take Profit 3: 4,286–4,300
Alternative entry
If gold breaks below 4,397 with strong bearish momentum, sellers may look for continuation toward 4,286 without waiting for a deeper pullback.
◌ Invalidation
The bearish view becomes weaker if gold breaks above 4,507 and holds above that level. In that case, the wave (4) correction may extend higher and the wave (5) downside setup would need to be delayed.
⌁ Kelly’s View
Kelly’s main view remains bearish while gold stays below the strong resistance zone. The current movement still looks more like a correction than a real bullish reversal.
If price rejects 4,455–4,470 or breaks below 4,397, gold may continue the wave (5) move toward 4,286–4,300.
Do you think gold will complete wave (5) first, or will buyers try to defend the FVG support again? Short 
You Don’t Have to Enter a Trade to Make a Trading MistakeMost traders think a trading mistake begins when they click Buy or Sell. But some of the most serious mistakes happen before that button is ever pressed. You see a setup, your analysis says it is valid, but you hesitate, wait for more confirmation, or convince yourself that “this one feels different.” Then the market moves exactly as you expected. You didn't lose money, but that doesn't necessarily mean you made the right decision.
A missed trade can be a mistake too:
Not taking a trade is not automatically a mistake. Sometimes staying out is the smartest decision. The problem begins when you repeatedly ignore your own trading rules for emotional reasons. If your strategy says a setup is valid, but you keep avoiding it because you're afraid of another loss, that is not really a market problem. It is an execution problem.
This is why traders should stop looking only at the trades they entered. Your trading journal should also include the opportunities you deliberately passed on. What did the setup look like? Did it meet your rules? Why did you stay out? What happened afterward? Most importantly, would you have made the same decision if you had not known the outcome?
Your P&L doesn't show every mistake:
A trading account records what happened to the positions you opened. It doesn't record the opportunities you watched from the sidelines. This makes missed trades particularly difficult to identify.
Imagine you recognize 50 valid setups but only take 25 of them. Your account shows the results of those 25 trades, but it doesn't tell you whether the other 25 were smart decisions or emotional ones. If you consistently avoid breakouts because they look “too extended,” skip trades after a previous loss, or wait for perfect confirmation that rarely comes, you may have a problem that your P&L cannot reveal.
The interesting part is that some missed trades may actually be more informative than losing trades. A losing trade can simply mean that the market moved against you. A missed trade can reveal something about how you make decisions under uncertainty.
Fear can disguise itself as discipline
One of the easiest mistakes to miss is when fear looks like good risk management.
After taking two losses, a trader sees another perfectly valid setup. Instead of following the plan, they say, “I'll wait for confirmation.” The confirmation never comes, the market moves, and suddenly the trader feels relieved that they didn't enter.
But was that discipline?
Maybe. Or maybe the trader simply didn't want to experience another loss.
The only way to know is to look at the decision objectively. If the setup met the same conditions as hundreds of previous trades, but you skipped it because of what happened in the previous trade, then the market may not have been the reason you stayed out.
Your previous result influenced your current decision.
Don't turn every missed winner into a mistake:
There is also a dangerous trap on the other side.
A trade you didn't take goes up 10%, and suddenly you believe you made a terrible mistake. But markets are full of moves that look obvious after they happen.
The correct question isn't, “How much money would I have made?”
The better question is, “Did I follow a reasonable decision process with the information available at that moment?”
If your rules did not call for an entry, staying out was probably correct—even if the market later exploded higher. You cannot judge a decision solely by its outcome.
Otherwise, every winning move you missed becomes evidence that you should have traded, and every losing trade you avoided becomes proof that you were brilliant. Neither conclusion is useful.
Start tracking the trades you don't take:
For the next 20 or 30 setups you seriously consider, try recording the ones you don't enter.
Write down why you stayed out. Was the setup incomplete? Was the risk too high? Was there major news approaching? Or were you simply uncomfortable?
Then review what happened afterward.
You may find something surprising. Perhaps most of the trades you skipped were actually bad setups, which means your patience is working. Or perhaps many of them were valid setups that you avoided for the same emotional reason.
That pattern is where the real value lies.
The goal isn't to trade more:
The lesson here isn't that traders should take every opportunity they see.
Quite the opposite.
Good trading is not about maximizing the number of trades. It is about making decisions that are consistent with a tested process.
Sometimes the best trade is no trade.
But “no trade” should be a decision, not a reaction.
If you can clearly explain why you entered a trade, why you exited it, and why you rejected another setup, you are starting to understand something more important than any individual indicator: your own decision-making process.
Your biggest trading weakness may not be the trades you lose.
It may be the good decisions you repeatedly fail to act on.
On @BrightRally_Research on @TradingView 
Education
NIFTY Bulls Have One Job Now — Defend This Support!NIFTY has been respecting this rising support trendline for quite some time, with multiple reactions coming from the same area.
Now price is back near this support again, so this is a zone I’m watching very closely.
What I’m Watching:
Price is currently testing the rising support .
Previous reactions from this trendline show that buyers have been active around this area.
If support holds and we get a proper bounce, 24,000 will be the first level to watch.
Above that, the next important levels are 24,200 and 24,600–24,800 .
If NIFTY breaks and sustains below the marked support, this bullish setup can lose its strength.
For me, the important thing here is not to predict the move before confirmation. Let the price show us what buyers are actually doing at support.
For all key levels and the complete setup, watch the chart above.
Now the question is simple, will bulls defend this support once again?
What are you watching here, bounce or breakdown?
Boost | Comment | Follow for more market setups.
Disclaimer: This is my personal market view for educational purposes only. Please do your own research and manage risk before taking any trading or investment decision.
— @TraderRahulPal
Long 
Where Everything Meets: A Decade Long TrendlineThis post is educational and observational in nature based on historical price action on the monthly timeframe. It is not a forecast or a trading recommendation. Using 3 months old charts only
The Monthly Trendline
A trendline drawn on the monthly timeframe carries significant structural weight, since it reflects price behavior compressed across years rather than days or weeks. In this chart, the green trendline originates from 2014, touches the market bottom again in 2020, and is respected once more in 2025. A trendline holding across three separate touches spanning more than a decade demonstrates a level of consistency that shorter timeframe lines rarely show.
The Rally From the 2020 Bottom
From the 2020 low, the stock delivered a strong rally, forming a higher high and breaking out of its prior structure by 2021. Since markets cannot sustain a purely vertical move indefinitely, this rally was followed by an extended period of sideways consolidation.
The Fibonacci Retracement and the Golden Zone
A Fibonacci retracement tool was applied from the swing low to the swing high of that 2020 to 2021 rally. Within this tool, the 61.8% level, marked in gold, represents the golden retracement zone, one of the more closely watched levels in technical analysis, often where corrective moves find their footing.
The Symmetrical Triangle
Marked with white lines, a symmetrical triangle pattern formed between 2023 and 2024 on the monthly timeframe, defined by converging lower highs and higher lows compressing into a tighter range over this period.
The Confluence
The most notable observation on this chart is where these separate elements converge. The decade spanning trendline, the lower support line of the symmetrical triangle, and the 61.8% golden retracement zone all align at the same area. This overlap of three independently derived technical references at a single point is what is referred to as confluence, and when multiple tools point to the same zone, that area tends to carry more observational significance than any single line or level would on its own. 
Long
TITAN Bullish Counter Attack Setup📊 TITAN COMPANY LTD. — Bullish Counter Attack Setup
A Bullish Counter Attack has formed on the daily chart of TITAN, indicating a potential shift in short-term momentum from selling pressure toward buying interest.
🎯 How to Trade This Setup
Reference: Above 5,092, preferably after sustained trading above the level.
Invalidation Level: 4,967.50 — below the recent pattern/support area.
The setup becomes stronger if price holds above the reference entry and moves through the first resistance with supporting volume. If price fails to sustain above the reference level, traders should avoid chasing the move.
🟢 Key Support Levels
4,999.67
4,925.33
4,879.17
🔴 Key Resistance Levels
5,120.17
5,166.33
5,240.67
📌 STWP View
The Bullish Counter Attack suggests buyers are attempting to regain control, but confirmation remains important. The 5,092 reference level is therefore the key trigger to watch. A sustained move above this level can open the possibility of an advance toward the marked resistance zones, while a break below the support structure can weaken the setup.
Disclaimer: This analysis is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Markets involve risk. Traders should conduct their own research and consider their risk tolerance before taking any position. 
Long
Long
NIFTY Sellers Take Control After the Doji, Testing the 50 (W)EMAOverview
Nifty closed the week at 24,366, down 204.65 points or 0.83%. This follows directly from last week's doji at resistance, and the answer to "which side wins" has come in: sellers took control this week, with price rejecting from a high of 24,620.95 and closing near the Weekly 50 EMA (24,358.08).
Follow-up on Last Week's View
Last week we flagged a doji forming right at the resistance zone (24,601–24,989), a classic sign of indecision after a multi-week rally, with the next 1-2 candles expected to confirm direction. That confirmation has now arrived. Price failed to clear last week's high (24,774.30), and this week's red candle closed well below it, right on top of the Weekly 50 EMA. The Rising Wedge structure we've been tracking remains intact, and this week's price action leans toward the bearish resolution of that pattern.
Pattern Explanation
Nifty is now sitting almost exactly on the Weekly 50 EMA (24,358), a genuine make-or-break zone. Below this, the rising trendline support and Support 1 (23,817.80) are the next levels in line. The falling wedge resistance line above continues to cap every rally attempt, reinforcing the cautious read from last week.
Key Levels
Resistance Zone: 24,601.70–24,989.35
Weekly 50 EMA (current test zone): 24,358.08
Support 1: 23,817.80
Support 2 (Trendline): 23,611.00
Major Support: 23,070.15
Weekly 200 EMA: 22,291.99 (long-term trend remains up)
Scenarios
If Nifty closes next week below the 50 EMA (24,358), it would confirm sellers are in control, and price could slide toward the rising trendline support and 23,817–23,611 zone.
If Nifty reclaims 24,620 (this week's high) with strength, it would suggest the pullback was shallow, and buyers could make another attempt at the 24,774–24,989 resistance zone.
Beginner's Lesson
A doji at resistance is a warning sign, not a guarantee, and this week is a good example of why we wait for the next candle rather than acting on the doji alone. Once the follow-through candle closes clearly in one direction, especially a strong red candle like this week's, it adds real weight to the case that sellers have taken the upper hand, at least for now. The 50 EMA test that follows is the next confirmation point to watch.
Conclusion
Nifty's doji hesitation resolved bearish this week, with price now testing the Weekly 50 EMA directly. A close below this zone would tilt the bias toward the rising trendline support near 23,817–23,611. A recovery back above 24,620 would keep the broader uptrend structure alive. This remains a level-to-level market, with the current test at the 50 EMA the key thing to watch into next week.
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. NIFTY Weekly View — Weekly Support Holds at 24,025Overview
Nifty closed the week at 24,252.00, down 114 points or 0.47%, extending last week's bearish follow-through. Price dipped to test Weekly Support near 24,025 and closed well above it by week's end.
Follow-up on Last Week's View
Last week we flagged sellers taking control after the doji at resistance, with price testing the Weekly 50 EMA (24,358) as the key level. That test resolved bearish, price closed below the 50 EMA this week, confirming sellers had the upper hand. This week, that follow-through carried price down to test the next major support level.
Pattern Explanation
This week's low of 24,025.65 tested the Weekly Support level (24,025) almost exactly, and price recovered to close at 24,252, well above the low. The Rising Wedge structure we've been tracking remains intact, with the falling dotted resistance line above continuing to cap rallies. Resistance 1 (24,360, near the Weekly 50 EMA) and Resistance 2 (24,601.70) remain the levels to reclaim for any bullish case to build. The rising Trendline Support below is also gradually approaching current price levels and will be an important zone to watch in the coming weeks.
Key Levels
Resistance 2: 24,601.70
Resistance 1 / Weekly 50 EMA: 24,360 / 24,353.66
Weekly Support: 24,025
Support 2: 23,818.00
Support 3 (Trendline): 23,611.00
Major Support: 23,070.15
Scenarios
Bullish: If Nifty holds above Weekly Support (24,025) and reclaims 24,360 (Resistance 1 / 50 EMA) with strength, it would suggest the pullback is done, opening the door for another attempt at 24,601 and the wedge resistance above.
Bearish: If Nifty comes back down and closes below 24,025, it would be a meaningful break, and price could slide toward Support 2 (23,818) and Support 3 (23,611).
Beginner's Lesson
A well-established support level, like the one tested this week, often holds on its first few tests, especially if it's been respected before. Price dipping into a support zone and closing back above it by the end of the week is a healthy sign, it shows buyers stepped in exactly where expected. Watching whether this level continues to hold on future tests, especially as other levels like trendlines converge nearby, gives a clearer picture of how strong the support really is.
Conclusion
Nifty tested and held Weekly Support at 24,025 this week. Holding this zone with a reclaim of 24,360 would favor buyers again. A future close below 24,025 would tilt the bias bearish toward 23,818 and 23,611. This remains a level-to-level market, with this week's successful support test being an encouraging sign for the bulls, at least for now.
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. NIFTY - Rejected at Resistance 1, Wedge Structure TightensOverview
Nifty closed the week at 24,175.65, down 76.35 points or 0.31%. After last week's bounce off Weekly Support (24,025), price pushed back up to test Resistance 1 (24,360) but got rejected, closing the week back below both Resistance 1 and the Weekly 50 EMA.
Follow-up on Last Week's View
Last week we flagged Weekly Support holding at 24,025, with a reclaim of Resistance 1 (24,360) needed for buyers to regain control. That attempt happened this week, price touched a high of 24,378.60, brushing right against Resistance 1, but couldn't sustain above it, closing the week lower instead. This keeps the broader Rising Wedge structure very much in play.
Pattern Explanation
The Rising Wedge continues to tighten, with the falling dotted resistance line above and the rising trendline support below converging closer together each week. This week's rejection right at Resistance 1 (24,360) and the Weekly 50 EMA (24,348.77) reinforces this as a genuine decision zone. Below, Weekly Support (24,025) held again on the pullback, and the rising trendline is now approaching this same region, keeping the confluence setup we've been watching relevant for the coming weeks.
Key Levels
Resistance 2: 24,601.70
Resistance 1 / Weekly 50 EMA: 24,360 / 24,348.77
Weekly Support: 24,025
Support 2: 23,818.00
Support 3 (Trendline): 23,611.00
Major Support: 23,070.15
Scenarios
Bullish: If Nifty closes above 24,360 (Resistance 1) with strength next week, it would suggest buyers are finally clearing this repeated rejection zone, opening the path toward Resistance 2 (24,601) and a possible wedge breakout.
Bearish: If Nifty slips back below Weekly Support (24,025), especially with the rising trendline converging nearby, it would strengthen the case for the Rising Wedge resolving to the downside, with Support 2 (23,818) and Support 3 (23,611) as the next levels.
Beginner's Lesson
A rejection at the same resistance level more than once tells us something important, buyers are trying, but sellers keep showing up at that exact price. The more times a level gets tested and rejected without breaking, the more significant that level becomes, and often, the eventual breakout (or breakdown) tends to be sharper once it finally happens. This is exactly why the 24,360 zone deserves close attention going into next week.
Conclusion
Nifty tested and got rejected from Resistance 1 (24,360) this week, keeping the Rising Wedge structure intact and increasingly compressed. A clean close above 24,360 would tilt the bias bullish toward 24,601. A slip below Weekly Support (24,025) would tilt it bearish toward 23,818 and 23,611. With the wedge tightening, a decisive move in either direction looks closer than it has in recent weeks.
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. #NIFTY Intraday Support and Resistance Levels - 02/09/2026Nifty 50 is expected to open flat, with the index around the 23,980 level. The chart indicates a consolidation phase between the immediate support at 23,950 and resistance near 24,050, making this range the key decision zone for the session.
On the bullish side, a sustained move above 24,050 can trigger fresh buying momentum, with targets at 24,150, 24,200 and 24,250+. The broader resistance is placed near 24,250.
On the bearish side, 23,950 is the immediate support. A decisive break below 23,950 can increase selling pressure toward 23,850, 23,800 and 23,750.
Overall, with a flat opening, traders should closely monitor the 23,950–24,050 consolidation zone. A breakout above 24,050 can favour the upside, while a breakdown below 23,950 can open the way for further downside. Until either level breaks decisively, sideways movement is likely.
