#NIFTY Intraday Support and Resistance Levels - 29/07/2026Nifty 50 is expected to open with a slight gap-up near the 24,200 level, indicating a mildly positive start to the session. However, the index is still trading within a consolidation zone, suggesting that traders should wait for a decisive breakout before taking aggressive positions.
If Nifty sustains above 24,050 after the opening, traders can consider buying CE options in the 24,050–24,100 zone with upside targets of 24,150, 24,200, and 24,250+. A sustained move above 24,250 is likely to trigger fresh buying momentum, opening the path towards 24,350, 24,400, and 24,450+.
On the downside, if Nifty slips below 23,950, traders can consider buying PE options with downside targets of 23,850, 23,800, and 23,750. A decisive breakdown below this support may attract fresh selling pressure and strengthen the bearish momentum.
Overall, a gap-up opening near the 24,200 level is expected. The short-term bias remains cautiously bullish as long as the index holds above the 24,050 support zone. Traders should focus on a confirmed breakout above key resistance levels while maintaining strict stop-losses due to the ongoing consolidation. #BANKNIFTY Intraday PE & CE Levels(29/07/2026)Bank Nifty is expected to open with a slight gap-up above the 57,000 level, indicating positive sentiment at the start of the session. However, the index is still trading below a key resistance zone, so traders should wait for confirmation before taking fresh long positions.
If Bank Nifty sustains above 57,550 after the opening, traders can consider buying CE options with upside targets of 57,750, 57,850, and 57,950+. A sustained breakout above this level is likely to trigger fresh buying momentum and extend the rally towards higher resistance zones.
If the index opens near 57,050–57,100 and holds this support, traders can also consider buying CE options for an intraday move towards 57,250, 57,350, and 57,450+, provided price action remains strong.
On the downside, if Bank Nifty breaks below 56,950, traders can consider buying PE options with downside targets of 56,750, 56,650, and 56,550. A breakdown below this support may invite fresh selling pressure and weaken the short-term trend.
Overall, a gap-up opening above the 57,000 level is expected. The initial bias remains cautiously bullish, but traders should wait for confirmation above 57,550 for aggressive long positions. Until then, focus on price action around key support and resistance levels while maintaining strict stop-losses. Cochin Shipyard: Multi-Year Support TestOverview
Cochin Shipyard is currently testing a long-term trendline support around 1,200–1,250, with the weekly 200 EMA sitting right in this zone too. Before treating this as a simple "buy the dip" opportunity, it's worth digging into the fundamentals — and the picture here is more cautious than it first appears.
What's Happening on the Chart
Price has pulled back sharply from its highs and is now testing a long-term rising trendline that's held since the stock's early years. The weekly 200 EMA (around 1,252) is right at this same zone, adding some technical weight to the level. That's the good part of the story.
What the Fundamentals Actually Show
This is where things get more nuanced. Looking at the last few years:
Revenue has kept growing — from ₹3,830 Cr (FY24) to ₹4,820 Cr (FY25) to ₹5,022 Cr (FY26) — but growth has slowed sharply, from +24% to just +4%
Net profit actually fell in FY26 — down to ₹717 Cr from ₹827 Cr the year before, even though revenue was still growing. That's a warning sign worth taking seriously
Operating margins have compressed — from 23% (FY24) down to 16% (FY26), continuing a multi-year decline rather than a one-off dip
ROCE has weakened — from 21% to 16% over the past two years, meaning the business is generating less return on the capital it uses
Working capital cycle has stretched dramatically — the cash conversion cycle has gone from 54 days (FY21) to 250 days now, driven mainly by inventory sitting on the books far longer (379 days, up from 139 days). This usually points to slower project execution or delivery delays
Debt jumped sharply — borrowings rose from ₹560 Cr to ₹1,672 Cr in just one year, roughly 3x. That's a real shift in the balance sheet that wasn't there before
One Encouraging Sign
Looking quarter by quarter within FY26, there's been a recovering trend — sales have grown steadily each quarter (1,069 → 1,119 → 1,350 → 1,484 Cr), and operating margins improved too (7% → 14% → 21%). So while the full-year picture looks weaker than FY25, the most recent quarters suggest things may be stabilizing.
Key Levels to Watch
Trendline + 200 EMA Support: ~1,200–1,252
Weekly 50 EMA (Resistance): ~1,542
What This Means
If the support holds technically: That's worth noting, but given the fundamental picture, it shouldn't be treated as an automatic buy signal on its own.
If the recent quarterly recovery continues for another cycle or two — meaning sales and margins keep improving like they did through FY26 — that would be a meaningful sign the business is turning a corner. A sustained trend like that, over one or two more quarters, could be enough to bring long-term investors back with more confidence, since it would show the recent weakness was temporary rather than a structural problem.
If the fundamentals stay weak or get worse — continued margin pressure, rising debt, stretched working capital — then this support test becomes a much less attractive opportunity, regardless of what the chart shows.
Beginner's Lesson
A stock sitting at a well-known support level can look tempting, but the chart alone never tells the whole story. Here, the technical setup looks fine, but the business has shown real signs of strain over the past year — declining profit, falling capital efficiency, and rising debt. The smart approach isn't to ignore the support test, but to wait and see whether the recent quarterly recovery holds up over the next cycle or two before treating this as a genuine opportunity rather than a falling knife.
Conclusion
Cochin Shipyard is testing an important technical level, but the fundamentals call for patience rather than urgency. If the recent quarterly improvement continues for another cycle or two, this could become a much more attractive long-term case. Until then, this is one to watch closely rather than jump into.
Chart and financial data shown are for illustration and educational purposes only. Not investment advice. Please do your own research or consult a financial advisor before making any investment decisions. Fundamental data sourced from Screener.in 
Short
COFORGE Rectangle Breakout with Strong Volume📊 Coforge Ltd.: Daily Technical Snapshot – Rectangle Breakout with Strong Volume
📊 STWP Technical Analysis
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MARKET STRUCTURE SNAPSHOT | NSE: COFORGE | DAILY
Closing Price: 1,686.00 (+157.60 | +10.31%)
Core Trend: Strong Uptrend
Market State: Confirmed Rectangle Breakout
Price Structure: Price has broken decisively above a multi-week Rectangle (Trading Range) following a prolonged consolidation. The breakout is supported by a strong bullish candle, exceptionally high trading volume and a Three Outside Up reversal pattern, indicating renewed buying conviction.
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OPERATIONAL PRICE GRID & KEY REFERENCE LEVELS
Model Reference Level: 1,692.80
Hard Invalidation Level: 1,359.30
Structural Risk: 333.50 (19.70%)
Resistance Levels: R1 1,730.10 | R2 1,774.20 | R3 1,855.60
Support Levels: S1 1,604.60 | S2 1,523.20 | S3 1,479.10
Range Structure: Low 1,359.30 | High 1,855.60
Higher Timeframe Observation Zones: 1,774 | 1,856 | 1,920
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MOMENTUM, PARTICIPATION & CPR DATA
Volume Profile: 15.63 Million Shares
Volume Character: Exceptionally High Relative Participation
RSI: 70.61 (Strong Momentum Zone)
ADX: 12.55 (Early Trend Development)
ROC: +8.97%
MACD Status: Strong Positive Momentum Structure
CCI: +266.26 (Strong Bullish Momentum)
Stochastic Reading: 97.43 (Extended Momentum Zone)
Current Bias: BUY ON PULLBACKS
CPR State: Bullish Zone | CPR Moving Up (Wide)
Today's CPR: Pivot 1,518.70 | Top 1,523.50 | Base 1,513.80
Tomorrow's CPR (Projected): Pivot 1,648.70 | Top 1,677.40 | Base 1,620.00
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📚 EDUCATIONAL OBSERVATION
Coforge has delivered a decisive breakout from a multi-week Rectangle, a continuation pattern that develops when price consolidates within a well-defined horizontal range after a prior directional move. Throughout the consolidation, buyers repeatedly defended the lower boundary while sellers capped advances near resistance. The latest session has seen price break convincingly above this range, signalling that demand has successfully absorbed supply and that the next expansion phase may be underway.
The breakout is reinforced by a Three Outside Up candlestick pattern and exceptionally high trading volume, reflecting strong market participation and increased conviction behind the move. High-volume breakouts generally carry greater significance because they indicate that institutional and broader market participants are supporting the breakout rather than price moving on limited activity.
Several technical factors are currently aligned in favour of the bullish structure:
Multi-Week Rectangle Breakout
Three Outside Up Bullish Reversal
Strong Bullish Marubozu-Type Breakout Candle
RSI Breakout
MACD Bullish Momentum
Bollinger Band Expansion
Exceptional Volume Participation
Strong Price-Volume Confirmation
Buyers' Dominance
Relative Strength Outperforming NIFTY
Momentum indicators remain firmly supportive. The RSI at 70.61 reflects powerful bullish momentum and has entered the traditional overbought region, which often accompanies strong breakout moves. The MACD continues to strengthen, while the ROC of +8.97% indicates robust price acceleration. The CCI reading of +266.26 highlights exceptional buying strength, and the Stochastic reading of 97.43 confirms sustained upside participation. Although momentum is strong, elevated readings may also lead to short-term consolidations before the trend resumes.
The projected Central Pivot Range (CPR) for the next trading session has shifted significantly higher, with the projected Pivot at 1,648.70. A rising and widening CPR generally reflects improving market acceptance of higher prices and often supports trend continuation when accompanied by strong participation.
Immediate technical attention now shifts to the resistance cluster between 1,730 and 1,774. Sustained trading above these levels could strengthen the breakout further and bring the higher-timeframe observation zone near 1,856 into focus. On the downside, 1,605 becomes the first important support, while the structural invalidation level remains near 1,359.
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🏢 BUSINESS & FUNDAMENTAL UPDATE
Coforge reported a strong Q1 FY27 performance, with revenue rising 49% YoY to 5,527.7 crore and net profit surging 110% YoY to 518.6 crore, helping the stock rally nearly 10% following the results. However, the quarter also serves as an important reminder to look beyond headline numbers. A significant portion of the reported growth came from the Encora acquisition, completed on 1 May 2026. In constant currency terms, organic revenue growth was 1.1%, improving to 5.2% after adjusting for planned business exits, highlighting the difference between acquisition-led and underlying business growth. Positively, the company delivered a strong improvement in profitability, with EBIT margins expanding to 16%, ahead of management's guidance, while its order book reached a record US$2.23 billion, up 44% YoY, providing healthy revenue visibility. Management also announced plans to establish a China entity as part of its global expansion strategy. From an educational perspective, this quarter reinforces the importance of distinguishing organic growth from acquisition-driven growth when evaluating a company's long-term business performance.
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📖 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.
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⚠️ 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
SPCX: Nr-Term Volatility Masking a Multi-Y Hyper-Growth Val PlayOverview :
SPCX (Space Exploration Technologies Corp.) is navigating immense post-IPO volatility, currently trading at $113.50. Following its blockbuster June 2026 debut on the NASDAQ, the stock has corrected by nearly 30% over the past month, pressured by its massive $1.5T valuation, near-term profitability concerns, and lock-up expiry jitters. However, backed by explosive 33.2% YoY revenue growth, absolute dominance in launch capabilities, and the promise of its Starlink and AI segments, SPCX presents a compelling, albeit highly volatile, setup for a 1-to-3-year investment horizon.
Technical Trend Direction and Key Levels:
Trend Alignment : The technical structure is currently bearish on the daily timeframe, with the gauge registering a Sell (7 sell vs. 5 buy signals). The daily RSI sits near oversold at 33.95. Conversely, the macro monthly chart signals a Buy with an RSI of 72.5, indicating long-term bullish divergence despite the immediate selloff.
Immediate Resistance Levels : The primary near-term resistance is the $121.54 to $129.39 zone (per the descending channel). A break above this level is required to neutralize the immediate bearish momentum.
Macro Resistance : The ultimate target sits near the intraday all-time high of $225.00, reached shortly after its IPO, with an analyst consensus target stretching to $236.72.
Immediate Support Levels : The immediate safety net is the recent 52-week low at $108.66.
Macro Demand Zone : If the selloff deepens, particularly post-earnings or following the August lock-up expiry, historical IPO drawdown models suggest potential floor support around the $102.00 level.
Fundamental Analysis and Financial History:
Revenue Expansion : SpaceX has demonstrated phenomenal top-line scaling. Revenue surged from $10.39B in 2023 to $18.67B in 2025, accelerating at a 33.2% YoY pace.
Profitability and Cash Flow : The hyper-growth comes at a steep cost. Net income swung from a $98M profit in 2024 to a severe $4.94B loss in 2025, largely driven by massive capital expenditures exceeding $20.74B. Consequently, free cash flow deteriorated to -$14.12B.
Balance Sheet : Total debt rose 58.4% to $24.45B, though the debt-to-equity ratio remains manageable at 0.736, notably below the sector median.
Sector Comparison with Peer Stocks:
RKLB (Rocket Lab) : Currently trading at $66.94 with a $40.04B market cap. It boasts 45.8% YoY revenue growth and a positive 1-year return of +39.75%.
ASTS (AST SpaceMobile) : Priced at $58.29 with a $22.62B market cap, it shows explosive 1732% revenue growth but remains highly unprofitable.
LUNR (Intuitive Machines) : A micro-cap at $2.89B trading at $13.31. It offers the highest analyst upside among peers at 233.90%. ***Watch-out***
RDW (Redwire) : Priced at $8.83 with a $2.11B market cap, it exhibits solid 33.6% revenue growth but has suffered a -44.78% 1-year return.
Peer Takeaway : While peers offer varying degrees of growth and volatility, SPCX stands apart as the $1.5T sector titan. Despite its recent 30% plunge, analysts maintain a Strong Buy rating with a massive +108.60% upside target.
Directional Bias and 1-to-3 Year Holding Strategy:
Directional Bias : Bearish near-term, but deeply Bullish for a 1-to-3-year horizon.
Strategy : The current daily structure is heavily bearish, and chasing immediate bounces carries risk ahead of earnings and lock-up expirations. For a 1-to-3-year hold, investors should look to accumulate near the $102.00 to $108.66 support zone. A confirmed weekly close above the $121.54 to $129.39 resistance channel will signal trend stabilization and the potential beginning of a sustained run toward the $236.72 consensus target.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage your risk/position sizing accordingly. 
Long
HARDWYN: Value Area Discount Meets Debt-Light Growth StoryOverview :
Hardwyn India Ltd. (HARDWYN) presents a fascinating divergence between solid fundamental business growth and short-term technical weakness. Currently trading around the ₹11.55 to ₹11.60 zone, the architectural hardware distributor sits below its volume profile value area. While the 1-to-3-year investment thesis is supported by a clean balance sheet, steady revenue expansion, and a recent 2:5 bonus issue catalyst (ex-date July 2026), the immediate technical structure demands patience from prospective buyers.
Technical Trend Direction & Key S/R Levels
Trend Alignment : The technical structure is currently bearish across all primary timeframes (4-hour, Daily, and Weekly). The daily RSI sits deep in oversold territory at 28.3, suggesting a potential short-term bounce, but the broader trend remains firmly down.
Volume Profile & Value Area : The stock is trading below its Value Area Low (VAL) of ₹12.58. The Point of Control (POC), representing the highest-volume historical price, rests much higher at ₹17.87 (+54.7% from current levels), indicating heavy overhead supply.
Immediate Support : The critical immediate floor is the recent swing low at ₹11.51. A break below this level exposes deeper structural supports at ₹10.72 and ₹10.29.
Immediate Resistance : Overhead resistance is clustered tightly. The first hurdle is the broken support at ₹11.71, followed by the VAL at ₹12.58 and the swing high at ₹14.60.
Fundamental Analysis & Annual History
Financial Health : HARDWYN qualifies as a quality compounder with virtually no debt (Debt/Equity at a negligible 0.02) and a healthy current ratio of 2.13. Total debt was reduced by nearly 35% in FY2025.
Growth & Profitability : TTM revenue grew by 8.3% YoY to ₹2.0B, while net income accelerated by 17.6% YoY to ₹132M. Its net margin of 6.6% comfortably beats the sector median of 4.76%.
Annual Trajectory : Revenue growth has decelerated from a peak of 94.7% in FY2022 to a sustainable 8.3% in FY2025. Crucially, Free Cash Flow (FCF) turned positive in FY2025 at ₹35.1M after years of cash burn, marking a significant operational inflection point.
Sector Comparison (Peer Stocks)
:
HARDWYN : Trades at ₹11.55 with a ₹7.78B market cap, 8.3% revenue growth, and a high P/E of 42.8.
INTERARCH : Priced at ₹1,818 (Market Cap ₹30.17B). It leads the group with 30.6% revenue growth, holds a reasonable P/E of 22.8, and carries a "Strong Buy" rating.
GANGABATH : Priced at ₹22.25 (Market Cap ₹478.6M) with a P/E of 38.8.
SHANKARA : Priced at ₹141.34 (Market Cap ₹3.39B). While it is the cheapest with a P/E of 9.6, it is experiencing massive revenue shrinkage (-52.9% YoY).
ONDOOR : Priced at ₹250.00 (Market Cap ₹1.70B). Shows strong top-line growth (17.4%) and the best 1-year performance (+33%) with a P/E of 13.1.
Peer Takeaway : HARDWYN trades at a massive 86% premium to the sector median on a P/E basis (42.8 vs 23.0). This valuation demands flawless execution, though its debt-light structure and margin profile partially justify the multiple.
Directional Bias & 1-to-3 Year Holding Strategy
:
Directional Bias : Bearish (Short-Term) / Cautiously Bullish (1-to-3 Year Horizon).
Actionable Plan: For long-term investors, the fundamental business quality is highly appealing, but the technicals suggest waiting for a better entry point. The current price offers limited immediate upside until the bearish momentum breaks. Rather than catching a falling knife, the optimal strategy is to utilise an alert for a decisive daily close above the ₹11.71 to ₹12.58 resistance zone. A breakout above this level will signal structural trend stabilization, offering a safer entry for a multi-year hold targeting a return to the ₹17.87 POC.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage your risk/position sizing accordingly. 
Long
Education
Education
Technical AnalysisCore of Technical Analysis
Technical Analysis is the study of past price movements, volume, and market trends to predict future price direction.
3 Main Principles:
Market Discounts Everything
All news, emotions, and fundamentals are already reflected in price.
Prices Move in Trends
Markets usually move in uptrend, downtrend, or sideways trends.
History Repeats Itself
Human psychology creates repeating chart patterns.
Key Tools:
Charts (Candlestick, Line, Bar)
Support & Resistance
Trendlines
Indicators (RSI, MACD, Moving Averages)
Education
Education
Long
Long 
#BANKNIFTY Intraday PE & CE Levels(28/07/2026)Bank Nifty is expected to witness a flat opening as there are no major overnight triggers influencing sentiment. The index is consolidating around the 57050–57100 support zone, indicating that traders should wait for a decisive breakout or breakdown before taking fresh positions.
If Bank Nifty sustains above the 57050–57100 zone after the opening, traders can consider buying CE options with upside targets of 57250, 57350, and 57450+. A strong move above 57550 can further extend the rally towards 57750, 57850, and 57950+.
On the downside, if Bank Nifty breaks below 56950, traders can consider buying PE options with downside targets of 56750, 57650, and 57550. A further breakdown below 56450 would strengthen the bearish momentum, opening the path towards 56250, 56150, and 56050.
Overall, a flat opening is expected with Bank Nifty likely to remain range-bound during the initial session. Traders should wait for confirmation above 57050–57100 for bullish trades or below 56950 for bearish trades. Avoid taking positions within the consolidation zone and maintain strict stop-losses until a clear directional move emerges. The Anatomy of a Move, and Why the Base Always WinsThis post is educational and observational in nature based on historical price action. It is not a forecast or a trading recommendation
A: The Resistance
Marked as point A, this is the resistance zone where price has historically struggled to move higher, with sellers stepping in and rejecting advances.
B: The Rally
Point B marks the rally, the sustained upward move that followed once price cleared the resistance zone.
C: The Peak
Point C marks the peak, the highest point reached during that rally before price began to slow down or reverse.
D: The Consolidation
Point D marks the consolidation pattern that formed after the peak, a phase where price moves sideways in a tighter range as the market pauses and digests the prior move rather than continuing to extend.
E: The Base
Point E marks the base, the area where price settles into a tighter, more stable range at a lower level. This is highlighted as one of the more favorable zones to study breakouts from, since a base reflects accumulated support rather than an extended or exhausted move.
A Note on Breakout Location
A recurring theme in how these zones are studied is the importance of where a breakout originates. Breakouts that occur directly at horizontal resistance levels or at all time highs tend to carry lower probability, since they are breaking out of supply heavy areas with no base of accumulated support beneath them. Breakouts from a base, an area like point E, are generally considered structurally stronger, since they emerge from a zone of stability rather than exhaustion.
Long
What is Confluence in Trading ? This post is educational and observational in nature based on historical price action. It is not a forecast or a trading recommendation.
The Fibonacci Extension Tool
The Fibonacci tool here is drawn from point A to point B, and instead of measuring a retracement between two points, it is used to project levels beyond point B, extending above the high of point A. This is what generates the 127.2% and 161.8% extension levels, both of which sit above the original high and act as forward looking reference points that the market has not yet visited.
The Extension Levels in Action
Once these levels were projected, price approached them and initially treated the zone as resistance, reacting and pulling back on the first attempt. Later, the same zone was revisited and this time held as support.
The Parallel Channel Confluence
At the same time, a parallel channel pattern formed on the chart, and its boundary lines up almost precisely with these Fibonacci extension levels. This overlap between a price based structure like a channel and a mathematically projected level like a Fibonacci extension is known as confluence, where two independent tools point to the same zone.
The Bigger Picture ( Confluence )
This chart illustrates how Fibonacci extensions are not just retracement tools but can also be used to anticipate levels the market has never previously traded at. When those projected levels then align with an independently formed structure like a parallel channel, it becomes a clear example of confluence
Education
Nifty MidCap Select Trade Plan [28.07.2026: Tuesday]Probable Scenario Analysis and Trade Plan for the Nifty MidCap Select Index NSE:NIFTY_MID_SELECT for the 28th of July, 2026. The day is Tuesday.
🟢 Bullish Scenario
If the price sustains above 14600, then stay bullish. The probable bullish targets above 14600 would be - 14650, 14700, and 14750.
🔴 Bearish Scenario
Presently, there is no clear bearish setup. The zone of (14550 - 14500) would act as a weak support zone (WSZ). However, if the price decisively breaks down below 14500, then there will be a sharp sell-off till the level of 14450 to fill the unfilled gap. Next, the zone of (14450 - 14400) would act as a strong support zone (SSR). Lastly, if the price breaks down below 14400, then there will be sharp selling. The probable bearish targets below 14400 would be - 14350, 14300, and 14250.
🟡 No Trading Zone (NTZ): (14600 - 14500) and (14450 - 14400)
There are two NTZs. Since the market is in the indecision zone, the price structure is cracked. Thus, two NTZs have emerged.
⏺ Range of Consolidation (ROC): (14750 - 14250).
Here, 14500 is the median of the ROC. The median works like an intraday sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
There are no holidays this week either in India or in the U.S. A high-impact event is on 29th of July, 2026 (Wednesday 11:30 PM IST). The high-impact event is "FED INTEREST RATE DECISION." Next, there will be 2 monthly expiries (both NSE and BSE F&O contract expiries). This will happen on Tuesday (28 July: NSE) and Thursday (30 July: BSE). This week will be a CRAZY WEEK. Thus, there are three events - Fed Interest Rate Decision, NSE F&O Contract Expiry, and BSE F&O Contract Expiry. Lastly, geopolitical issues are omnipresent. We can definitely experience major price anomalies. Therefore, trade with caution. If possible, avoid trading this week.
● Intraday, Weekly, and Monthly Bias
Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! GULSHAN POLYOLS LIMITED (NSE) — WEEKLY ELLIOTT WAVE OUTLOOKMarket Structure
NSE:GULPOLY appears to have completed a complex corrective Wave (2), ending with a textbook 5-wave decline inside a falling channel. Price has now broken above the channel resistance, suggesting that the correction may be complete and the next impulsive cycle could be underway.
Elliott Wave Count
Primary Wave (1) completed near ₹354.15.
Complex ABC corrective Wave (2) unfolded over several years.
Final leg ((c)) completed as a clear 5-wave impulse.
Recent breakout above the descending channel increases the probability that Primary Wave (3) has begun.
Technical Observations
Breakout from long-term falling channel
Higher low formation after Wave (5) bottom
Increasing buying interest near support
Weekly trend attempting to reverse after prolonged correction
Key Levels
Current Price: ₹197.74 as on 27/07/2026
Immediate Resistance: ₹220–225
Major Resistance: ₹260
Long-term Confirmation: Above ₹260
Invalidation: Sustained close below ₹ 140-150
Bullish Scenario
If the breakout sustains, Wave (3) typically becomes the strongest Elliott Wave and can extend significantly beyond Wave (1). A move above ₹220 would strengthen the bullish outlook, while a decisive break above ₹260 would confirm higher-degree trend continuation.
Trading Plan
Aggressive Entry: On current breakout with proper risk management.
Conservative Entry: Wait for a successful retest of the breakout zone.
Risk Management: Keep stop-loss below the recent swing low or below the channel breakout level according to your trading strategy.
Conclusion
The long corrective phase appears to be ending, and Gulshan Polyols may be entering a fresh impulsive uptrend. The channel breakout, completed Elliott Wave structure, and improving price action all favor a bullish outlook, though confirmation above key resistance levels is still required.
Disclaimer
This analysis is for educational and informational purposes only and reflects my personal interpretation of Elliott Wave Theory and technical analysis. Financial markets are inherently uncertain, and wave counts are subject to change as new price action develops.
This publication is not financial, investment, or trading advice, nor is it a recommendation to buy or sell any security. Always conduct your own research, consider your financial situation and risk tolerance, and consult a qualified financial advisor before making any investment decisions. Trading Masterclass #1Institutional trading means trading like hedge funds, banks, prop firms, and professional desks. They do not trade based on emotions, random tips, or gambling. They use systems, probabilities, risk control, position sizing, discipline, and psychology.
Retail traders often lose because they focus only on “entry.” Institutions focus on:
Risk Management
Capital Protection
Position Sizing
Probability
Psychology
Consistency
Repeatable Edge
In options trading, if you think like institutions, your results can improve significantly Education
Education
Education
