Long
XAUUSD: Wave Recovery Tests Buy ZoneGold is pulling back after a strong short-term recovery, and price is now testing the 4,497–4,400 buying zone. From Kelly’s view, this is the key area that decides whether the recent bullish recovery can continue, or whether the market needs a deeper correction first.
The current structure is important because gold has already broken out of the previous descending channel, then formed a new upside wave sequence. Now price is correcting back into support, which makes this zone a clean decision area.
⟡ Market structure
The earlier bearish channel has been broken with strong momentum, showing that sellers lost control around the lower structure. After the breakout, gold formed a visible 5-wave upside move, reaching the upper trendline resistance near 4,580–4,600 before pulling back.
The current pullback is now reacting around the marked buying zone. As long as price holds above this support area, the recovery structure still has room to continue higher.
However, the chart also marks 4,489 as an important confirmation level. If price breaks clearly below this zone, the short-term bullish structure weakens and gold may rotate lower towards the deeper target area around 4,420–4,430.
➤ Key levels
◌ 4,497–4,400: buying zone and main reaction area
◌ 4,489: support confirmation level
◌ 4,420–4,430: downside target if support fails
◌ 4,540–4,550: current recovery resistance
◌ 4,580–4,600: upper resistance and bullish target zone
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to have completed a strong 5-wave bullish recovery after breaking out of the descending channel.
The latest pullback can be read as an A-B-C correction after that impulse. If the current correction holds above the buying zone, gold may begin the next upside phase and attempt another push towards the upper trendline area near 4,580–4,600.
If price fails below 4,489, the correction is likely not finished yet, and the market may need to sweep lower liquidity near 4,420–4,430 before another recovery attempt.
▸ Trading scenario
Preferred scenario: wait for price reaction inside the 4,497–4,400 buying zone.
Entry zone: 4,497–4,500 if bullish confirmation appears
Stop loss: below 4,489 or below the confirmed reaction low
Take profit 1: 4,540
Take profit 2: 4,580
Take profit 3: 4,600
Alternative scenario: if gold breaks below 4,489 with clear momentum, the bullish setup weakens and price may move towards 4,420–4,430 before building a new structure.
⌁ Kelly’s view
For Kelly, this is a buying zone retest after a clean channel breakout. The recovery is still valid as long as gold protects the support area and does not lose 4,489 with strong bearish pressure.
The best structure is not to chase the move while price is uncertain. The cleaner approach is to watch whether buyers defend the buying zone and create a new higher low.
Gold is testing support now.
If the buying zone holds, the next upside wave may start from here.
Share your view below. 
Long
Bearish Expansion: Breakout or Final Sweep to 4,410- Focus: Start-of-the-week market rebalancing and positioning ahead of crucial early June macro releases.
- Driver: As aggressive yield pressures temporarily cool down, institutional order flow met heavy supply at premium zones, prompting a local corrective shift. Smart money is now engineering a multi-stage retail trap to clear out early buyers before launching the major macro expansion drive.
Key Levels (Clean Zones):
- HTF Target (Major SSL Pool / Premium Ceiling): 4,589.066
- Breakout Trigger Pivot: 4,495.268
- HTF Supply Zone (Internal Target Pool): 4,455.463
- Main Demand Zone (Ultimate Liquidity Floor): 4,410.929
IF–THEN Scenario:
- IF price cleanly breaks below the 4,495 breakout trigger -> THEN expect a rapid expansion downward toward the 4,455 HTF supply zone.
- IF price taps into the 4,410 macro liquidity pool and prints a solid lower-timeframe validation (CHoCH) -> THEN a powerful bullish expansion will be triggered, driving price directly into the ultimate target at 4,589.066.
Quick Scenario Path:
Premium Rejection -> Break of 4,495 Trigger -> Technical Pullback -> Final Flush to 4,410 Major SSL Sweep -> LTF Reversal Confirmation -> HTF Rocket Launch to 4,589.
Trader Question:
Are you trying to scalp selling this breakout wave below 4,495, or are you sitting tight at the 4,410 floor to load heavy buying positions? Drop your playbook below! Long 
Gold rejects highs—deep mitigation to lower FVG inbound.Market Overview
• Macro Driver: The US Dollar Index (DXY) finds minor structural stability near intraday inflection zones, arresting its recent decline as macro traders position themselves ahead of high-impact economic data. This localized stabilization caps the immediate upside momentum for Gold, triggering an aggressive profit-taking wave.
• Market Condition: Institutional order flow has temporarily shifted into an internal distribution phase. Large-scale volume is shifting from the recent impulsive peak to engineer a corrective structural pullback.
Technical Context
• Structure: Corrective Bearish Cycle. The M30 timeframe indicates that after a prolonged bullish expansion validated by multiple BOS shifts, price has formed a short-term structural top. The aggressive rejection from the highs has left an unfilled Premium FVG above, while initiating an expansion leg downward.
• Liquidity & Imbalance: The price delivery is drawn magnetically toward a massive, unmitigated discount Fair Value Gap (FVG) resting at the macro structural floor. Sell-side liquidity (SSL) is being engineered to fuel this deeper corrective drive.
Key Zones
• Premium FVG (Resistance Floor): 4,551.014
• Local Structural High: 4,518.885
• Immediate Pivot Level: 4,513.947
• Mid-Term Support target: 4,484.166
• Major Discount FVG (Demand Pool): 4,393.751 - 4,416.099
Trading Plan (IF–THEN)
• IF price delivers a minor corrective relief pop to test the Premium FVG (4,551.014) AND validates lower-timeframe bearish displacement -> THEN look to execute Short positions targeting 4,484.166, expanding directly down to the Major Discount FVG Pool at 4,416.099 - 4,393.751.
• IF price invalidates the immediate bearish setup by establishing a strong, decisive M30 candle close completely above 4,551.014 -> THEN the corrective narrative is broken, reinstating the macro bullish expansion path.
MMFLOW View
• Bias: Corrective Bearish Bias. Chasing shorts at the immediate breakdown is an uncalculated risk, but buying into this dropping momentum is equally dangerous. Our mathematical edge heavily favors waiting for a pullback into premium supply arrays before executing shorts down to the major demand floor. Long 
Long
Short
SMT 3: How Stop Loss Clusters Become Liquidity for InstitutionsAsk any trader about their most frustrating experience, and many will tell you the same story.
They entered a trade, placed a stop loss below a key level, got stopped out, and then watched the market reverse and move exactly where they expected it to go.
It feels unfair. It feels like the market somehow knew where their stop was.
While the market isn't targeting individual traders, there is an important reason why this happens so often. Large market participants need liquidity to enter and exit positions, and one of the biggest sources of liquidity comes from areas where retail traders place their stop losses.
This is why understanding stop loss clusters is so important.
What Are Stop Loss Clusters?
--------------------------------------
A stop loss cluster is simply an area where a large number of traders have placed their stop losses.
These clusters usually form around obvious technical levels that many traders are watching. For example, traders buying a support level often place their stops just below it. Traders selling resistance usually place their stops just above it.
Because thousands of traders learn the same technical concepts, they often place their stop losses in very similar locations.
Over time, these areas become pockets of liquidity.
Why Liquidity Matters to Smart Money
--------------------------------------------------
Retail traders often think institutions move the market however they want. In reality, large players face a different challenge.
When a hedge fund, bank, or institution wants to enter a significant position, it cannot simply place a huge order without affecting price. Large orders require enough buyers and sellers on the other side of the trade.
This is where stop loss clusters become valuable.
When a large number of stop losses are triggered, they create a surge of market orders. That sudden increase in activity provides the liquidity institutions need to execute trades more efficiently.
In other words, stop losses become fuel for the market.
How the Stop Hunt Happens
-----------------------------------------
Imagine a stock or currency pair bouncing several times from the same support level.
Retail traders see the pattern and begin buying near support. Most of them place their stop losses just below the recent low because it seems like the logical place to manage risk.
As more traders enter, more stop losses accumulate beneath that level.
Eventually, the price drops below support.
The move looks like a breakdown. Traders panic as their stop losses are triggered. Some exit automatically while others manually close their positions.
But instead of continuing lower, the price suddenly reverses and rallies higher.
What happened?
-------------------------
The move below support wasn't necessarily the beginning of a downtrend. It may simply have been a liquidity grab designed to access the pool of stop losses sitting beneath the market.
Once that liquidity was collected, the price had enough fuel to move in the opposite direction.
Why Retail Traders Keep Getting Caught?
--------------------------------------------------------
The issue isn't that traders use stop losses. Stop losses are essential for managing risk.
The problem is that many traders place them in locations that are too obvious.
Markets are driven by human behavior, and human behavior is often predictable. When thousands of traders see the same support level, they tend to make the same decision.
As a result, large clusters of stop losses build up in highly visible areas.
The more obvious a level becomes, the more likely it is to attract attention from larger market participants looking for liquidity.
Common Places Where Stop Loss Clusters Form
------------------------------------------------------------
Some areas tend to attract stop losses more than others.
Recent swing lows are a classic example. Traders buying an uptrend frequently place their stops just below the most recent low.
The same principle applies to swing highs, where short sellers often hide their stop losses.
Support and resistance levels are another common location. Since these levels are taught in nearly every trading course, many traders naturally use them for stop placement.
Range highs and lows can also become liquidity targets because traders expect breakouts and place stops just beyond the boundaries of the range.
The common theme is simple: if a level is obvious to everyone, there's a good chance liquidity is sitting there.
Thinking Like Smart Money
----------------------------------------
One of the biggest shifts a trader can make is learning to think beyond the chart pattern itself.
Instead of asking, "Where should I place my stop?" experienced traders often ask, "Where is everyone else placing theirs?"
That small change in perspective can reveal areas where liquidity is likely building.
Markets frequently move toward these liquidity zones before making their true directional move.
Understanding this doesn't guarantee perfect entries, but it helps traders avoid viewing every stop-out as random market behavior.
My Conclusion:
----------------------
Stop loss clusters are one of the most misunderstood concepts in trading.
Large institutions need liquidity, and obvious stop-loss zones often provide exactly what they are looking for. When price briefly breaks below support or above resistance before reversing, it is often collecting liquidity rather than signaling a genuine breakout.
This doesn't mean traders should avoid using stop losses. It means they should understand how liquidity works and recognize that obvious levels often attract attention.
The next time you're stopped out just before the market moves in your original direction, don't immediately blame bad luck.
Now, ask yourself a different question:
Was the market really breaking out, or was it simply hunting for the liquidity hidden inside a cluster of stop losses? 
Education
Long
BTC Facing Heavy Resistance: Is the Next Leg Down Starting?📊 Market OverviewBitcoin ( BITSTAMP:BTCUSD $) is currently exhibiting a highly technical bearish setup on the lower timeframes, strictly respecting Smart Money Concepts (SMC) structure. After a previous structural shift, the price has rallied back up to mitigate a key premium zone, offering a high-probability shorting opportunity.
🔍 Technical BreakdownBreak of Structure (BOS): Looking at the top left of the chart, price clearly broke swing lows to the downside, confirming a shift from a bullish/ranging environment into a definitive bearish market structure.
Trendline Liquidity / Resistance: A clean, descending trendline has been established. The recent upward price action has retested this trendline, which is acting as a strong dynamic resistance barrier.
H1 Order Block (H1-OB) Confluence: The primary point of interest (POI) is the highlighted H1 Order Block (teal box). Price has efficiently tapped into this institutional supply zone. The confluence of the descending trendline meeting the H1-OB creates a massive "wall" of resistance.
Expected Price Action: As depicted by the red arrow, price is showing signs of rejection from this dual-confluence zone, suggesting institutional sellers are defending this area to push price lower.
🎯 Trade Parameters (The Setup)
Direction: Short / Sell
Entry Zone: Inside the H1-OB teal box area (approx. $73,533$)
Stop Loss (SL): Just above the H1 Order Block high or the descending trendline invalidation level (to protect capital if the structure breaks bullish).
Take Profit / Target: The yellow support line (TARGET), targeting the recent swing lows where sell-side liquidity is resting. Short 
Long 
Short 
Gold breaks trendline resistance — Confirm reversal or liquidityMarket Overview
• Macro Driver: The US Dollar Index (DXY) drops to local support as market participants price in shifting geopolitical headlines and ease risk-off defenses. This sudden rotation in dollar strength provides institutional buyers with the necessary liquidity to trigger a highly aggressive relief rally on safe-haven Gold.
• Market Condition: Institutional order flow shows a violent transition into buy-side delivery. Large-scale volume has aggressively swept descending short positions, initiating a clean shift in higher-timeframe market structure.
Technical Context
• Structure: Bullish Structural Breakout. The 4H timeframe prints a massive breakout candle clearing the major multi-week descending trendline. Following the breakout, price completed a rapid mitigation of an internal Fair Value Gap (FVG) and is currently carving out a local higher-low structure to fuel the next impulse leg.
• Liquidity & Imbalance: The strong expansion candle has successfully rebalanced the internal FVG area. Buy-side liquidity (BSL) pools are now heavily exposed around the macro structural resistance near 4,653.
Key Zones
• Macro Structural Supply: 4,653.978
• Breakout Trigger Level: 4,584.699
• Retest Pivot Level: 4,519.018
• Mitigated Demand (FVG Area): 4,435.000 - 4,475.000
• Macro Floor Support: 4,360.666
Trading Plan (IF–THEN)
• IF price maintains structural integrity above the local Retest Pivot (4,519.018) OR pulls back slightly to collect internal liquidity with lower-timeframe bullish confirmation -> THEN look to build Long positions targeting the Breakout Trigger at 4,584.699, expanding violently up to the Macro Structural Supply at 4,653.978.
• IF price aggressively invalidates the Retest Pivot and slides back below the FVG zone -> THEN the bullish continuation setup is compromised, exposing the market to a deep retest of the 4,360 macro floor.
MMFLOW View
• Bias: Bullish Breakout Bias. Smashed trendlines and rapid FVG mitigations are key signatures of smart money displacement. We favor executing Long positions on local value pullbacks, trading strictly in alignment with the newly established institutional expansion path.
Are you buying the breakout retest, or are you waiting for price to tag the 4,653 supply to look for shorts? Let me know your plan in the comments! Remember to like, follow, and visit my profile for real-time tracking and core system updates. Long 
Demand reduction before 4,614 launch?News Snapshot:
- Focus: End-of-week DXY intraday rebalancing and post-macro data position adjustments.
- Driver: As aggressive yield pressures temporarily cool down, institutional order flow has engineered a solid Change of Character (CHoCH) on the hourly chart. Smart money is now building a premium retail trap, driving a corrective wave down to clear out early breakout buyers before triggering the major expansion.
Key Levels (Clean Zones):
- HTF Target (Premium FVG Area): 4,614.127
- Intermediate Liquidity Ceiling: 4,559.444
- Minor Resistance Pivot: 4,528.972
- Main Demand Zone (Internal Floor): 4,466.359 — 4,439.644
IF–THEN Scenario:
- IF price holds the local rejection below 4,510 and continues its technical corrective pullback -> THEN expect a clean structural decline to mitigate the 4,466 - 4,439 internal demand floor.
- IF price validates the discount demand block and prints a lower-timeframe validation (CHoCH) -> THEN a massive bullish expansion will be triggered, targeting 4,559 and extending directly into the 4,614.127 HTF supply.
Quick Scenario Path:
Local Pivot Rejection -> Corrective Pullback to 4,466 Demand -> Institutional Order Block Mitigation -> LTF Reversal Confirmation -> HTF Bullish Expansion to 4,614.
Trader Question:
Are you trying to scalp sell this corrective pullback wave, or are you sitting tight at the 4,439 floor to load heavy long positions? Drop your playbook below! Long 
H1 Bearish Expansion: Pullback to FVG or Direct Flush to- Focus: Post-macro data positioning and strong structural hold of the DXY.
- Driver: Continuous capital flows into safe-haven USD and elevated yields keep non-yielding bullion heavily capped. Institutional order flow recently printed an aggressive continuation drop, engineering a prominent H1 FVG imbalance as the bears maintain full control.
Key Levels (Clean Zones):
- HTF Supply Area (FVG Ceiling): 4,402.449
- Current Price Action Area: 4,371.640
- Ultimate Liquidity Sweep Target (HTF Floor): 4,299.916
IF–THEN Scenario:
- IF price executes a technical relief rally to mitigate the 4,402 FVG area and prints a bearish rejection -> THEN expect a clean continuation downward to target the major discount floor.
- IF price taps into the 4,299 major liquidity pool and prints a strong LTF structural shift (CHoCH) -> THEN a massive long-term recovery phase will officially be triggered.
Quick Scenario Path:
Technical Bounce to FVG (4,402) -> Bearish Rejection Confirmed -> Sharp Expansion Downward -> Major SSL Sweep at 4,299 -> Structural Reversal.
Trader Question:
Are you looking to sell/short the retest at the 4,402 FVG, or are you waiting at the 4,299 bottom to catch the ultimate reversal bounce? Let me know below! Long 
Gold hits support — Is 4,358 next target?Market Overview
• Macro Driver: The US Dollar Index (DXY) accelerates its dominant bullish momentum, heavily capping safe-haven Gold across all major timeframes. Institutional players continue to accumulate greenbacks amid hawkish yield defensive positioning, enforcing a strict risk-off environment ahead of key data.
• Market Condition: Institutional order flow shows massive sell-side distribution. Volume is heavily committed to driving price lower, breaking clear retail support clusters to capture long stop losses.
Technical Context
• Structure: Impulsive Bearish Expansion. The 2H timeframe demonstrates a highly structured bearish trend, heavily validated by sequential BOS and CHoCH shifts. The latest bearish break of structure confirms massive downside displacement, leaving sellers in complete control.
• Liquidity & Imbalance: Price has cleanly swept immediate internal buy-side and sell-side liquidity. The algorithm is now drawing price magnetically toward heavily stacked lower Sell-Side Liquidity (SSL) targets.
Key Zones
• Recent Breakout Supply: 4,420.424
• Mid-Term Liquidity Target: 4,358.593
• Major SSL Pool Target: 4,313.156
Trading Plan (IF–THEN)
• IF price stages an intraday corrective pullback back into the Recent Breakout Supply Zone (4,420.424) AND triggers a lower-timeframe bearish rejection -> THEN look to execute Short positions targeting 4,358.593, expanding down to the Major SSL Pool at 4,313.156.
• IF price invalidates the current breakout momentum and manages a strong 2H close back above 4,420.424 -> THEN the immediate sell-side velocity is paused, opening the door for an extended corrective relief.
MMFLOW View
• Bias: Strictly Bearish Bias. The trend velocity is high, but chasing the breakdown at current absolute lows is an amateur play. The professional institutional strategy is to wait for the market to rebalance up toward premium discount arrays around 4,420 before executing continuation shorts.
Are you shorting the retest at 4,420, or do you think the market will flush directly down to 4,358 without a pullback? Drop your bias below! Like, follow, and check out my profile for daily real-time updates and community tracking. Long 
NIFTY BANK Price Structure Analysis [For 29.05.2026: Friday]Probable Scenario Analysis for the 29th of May 2026. The day is Friday.
(1) Bullish Scenario:
A weak (or underconfident) bullish scenario would emerge only above the level 55250. An underconfident bullish target above the level 55250 is - 55500. Next, if the price decisively trades above the level 55500, then strong (or confident) bullish targets would be - 55750 and 56000.
(2) Bearish Scenario:
A weak (or underconfident) bearish scenario would emerge only below the level 54750. An underconfident bearish target below the level 54750 is 54500. Next, if the price decisively trades below the level 54500, then strong (or confident) bearish targets would be - 54250 and 54000.
(3) No Trading Zone (NTZ): (55250 - 54750).
(4) Range of Consolidation (ROC): (55500 - 54500).
Here, the level 55000 is the median of the ROC. If the price stays above the median (55000), then be bullish. But, if the price stays below the median (55000), then be bearish.
(5) Events:
No high-impact event. No expiry. However, Friday's opening will discount the geopolitical events that happened on Thursday (Indian markets are closed). Lastly, it will be the last day of the week.
(6) Establish intraday bias with respect to the opening price.
NOTE:
(i) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . Be RESPONSIBLE.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(v) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Always trade from a new perspective. The joy of trading should drive effectiveness, not fear or greed. Believe in Possibilities.
Happy Trading! H1 FVG Mitigation: Short-Term Relief or Final Flush Setup- Focus: Mid-week USD stabilization and liquidity rebalancing ahead of upcoming US macro releases.
- Driver: Persistent yield pressures and DXY structural strength continue to cap Gold's upside potential. Institutional order flow recently engineered a clean H1 imbalance, indicating that smart money remains firmly in control of the primary bearish direction despite intraday retail buying attempts.
Key Levels (Clean Zones):
- HTF Supply Zone (FVG Ceiling): 4,525.423
- Intermediate Resistance (Pivot 1): 4,500.400
- Minor Support Trigger (Pivot 2): 4,482.503
- Major Liquidity Sweep Target (HTF Floor): 4,458.814
IF–THEN Scenario:
- IF price executes a technical relief pullback to mitigate the 4,525 FVG area and prints a bearish rejection -> THEN expect a clean expansion downward to dismantle internal retail structures.
- IF price breaks cleanly below the 4,482 structural pivot -> THEN bearish momentum will rapidly accelerate into the ultimate macro liquidity pool at 4,458.814.
Quick Scenario Path:
Technical Pullback to FVG (4,525) -> Bearish LTF Confirmation -> Break of 4,500 Pivot -> Final Flush to 4,458 Major SSL Sweep.
Trader Question:
Are you looking to scalp buy this temporary relief rally, or are you waiting patiently at the 4,525 FVG to lock in premium short positions? Let me know your bias below! Short 
Gold breakout confirmed — reversal or liquidity trap?Market Overview
• Macro Driver: The US Dollar Index (DXY) shows slight safe-haven profit-taking, sliding toward the 99.10 region following positive developments regarding US–Iran diplomatic progressions. However, persistent domestic inflation (3.8% YoY) keeps expectations high that the Fed will hold interest rates tighter for longer, preserving an underlying macro ceiling for Gold ahead of the Core PCE print.
• Market Condition: Institutional order flow is showing compressed delivery within local boundaries. Major market participants are utilizing the lower liquidity to engineer precise internal liquidity traps before committing to the next higher-timeframe expansion.
Technical Context
• Structure: Bearish Compression Inside Descending Structure. The 2H timeframe outlines a highly corrective, tight contracting range following a major rejection from the macro channel high. Price is currently squeezing into a local apex, tightly compressed between a minor descending resistance and an ascending local trendline floor.
• Liquidity & Imbalance: Clean buy-side liquidity has been resting around the 4,528 level, while heavy, untouched Sell-Side Liquidity (SSL) pools remain concentrated at the macro floor near 4,387.
Key Zones
• Internal Supply (Local Rejection Area): 4,528.224
• Immediate Structural Pivot Level: 4,485.273
• Local Structural Target: 4,452.735
• Macro Liquidity Sweep Floor (SSL Pool): 4,387.008
Trading Plan (IF–THEN)
• IF price stages a minor relief pop into the Internal Supply Zone (4,528.224) AND displays an M5/M15 bearish displacement -> THEN look to execute Short positions targeting 4,485.273 and 4,452.735, with an extended run toward the Major SSL Pool at 4,387.008.
• IF price invalidates the local structure with a strong 2H candle close completely above 4,528.224 -> THEN the immediate bearish continuation path is postponed, shifting focus toward a deeper macro relief rally.
MMFLOW View
• Bias: Bearish Compression Bias. The broader market delivery remains structurally bearish under macro supply. Trading within a tightening apex demands high precision; our technical edge heavily favors trading the expansion toward the primary institutional targets at 4,387.
Are you looking to short the minor relief toward 4,528, or do you think the macro channel floor will break first? Let me know your exact execution plan in the comments! Make sure to like, follow, and visit my profile for real-time tracking and core updates. Long 
NIFTY 50 Price Structure Analysis [27/05/2026: Wednesday]Probable Scenario Analysis for the 27th of May 2026. The day is Wednesday.
(1) Bullish Scenario:
There is no observable bullish scenario for now. The first evidence of bullishness would emerge once the price starts to trade above the level of 24000. A weak bullish target above the level 24000 would be - 24062.5. Next, if the price decisively trades above the level 24062.5, strong bullish sentiment would emerge. The probable bullish targets above the level 24062.5 are - 24125, 24187.5, and 24250.
(2) Bearish Scenario:
Level 23875 is a weak support. If level 23875 is broken down, then the probable bearish targets would be - 23812.5, 23750, 23687.5, and 23625. There are multiple unfilled gaps.
(3) No Trading Zone (NTZ): (24000 - 23875).
(4) Range of Consolidation (ROC): (24125 - 23875).
(5) Events:
There is no high-impact event. However, there is a monthly SENSEX expiry on Wednesday. Additionally, Thursday (28/05/2026: Bakri Id) is a holiday. Therefore, expect a price anomaly.
(6) Establish intraday bias with respect to the opening price.
Top-Down Analysis:
(1) Monthly TF:
A long-legged doji candle inside the previous month's green spinning top. Strong resistance is at 24250. Strong support is at 23750. The view is indecision.
(2) Weekly TF:
The candle looks like a shooting star. Level 24000 is a strong resistance. Do not think of executing bullish trades unless the price decisively trades above the level 24000. Strong support is at 23750. The view is indecision.
(3) Daily TF:
The previous day's intraday bullish move is engulfed by a shooting star candle. We have to doubt every up move unless the price sustains at least one day above the level 24000. Level 23750 seems to be a strong support. The view is indecision.
(4) 30-minute TF:
A higher-highs and lower-lows structure is intact. For a strong bullish move, the price needs to decisively trade above the zone (24062.5 - 24000). For a strong bearish move, the price must form a lower-lows and lower-highs structure below the level 23875. The view is indecision.
NOTE:
(i) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . Be RESPONSIBLE.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(v) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Always trade from a new perspective. The joy of trading should drive effectiveness, not fear or greed. Believe in Possibilities.
Happy Trading!
