TCS Monthly | Below 200 EMA — 15-Year Trendline Meets 0.786 FibOverview
Tata Consultancy Services — India's largest IT company by market cap — is at one of the most significant technical junctions in its entire listed history. On the Monthly timeframe, TCS has broken below its 200 Monthly EMA and is now in a deep Fibonacci retracement, approaching a confluence of two major long-term support structures.
This is a long-term view. The analysis covers price action spanning over 15 years.
The Fibonacci Structure
The Fibonacci retracement is drawn from the all-t
Trend Line Break
XAUUSD — Bullish Recovery Before Weekly CloseXAUUSD — Bullish Recovery Before Weekly Close
Gold is showing a bullish recovery attempt after reacting strongly from the lower end wave 5 area near 4,245–4,250. From Kelly’s view, the chart suggests that XAUUSD may be shifting from the previous bearish sequence into a short-term bullish correction, especially as price is now trying to hold above the Buy test liquidity zone before the weekly candle closes.
The key idea is simple: if gold can stay above the lower liquidity support, the market m
XAUUSD — Wave 5 Drop Before ReboundXAUUSD — Wave 5 Drop Before Rebound
Gold is still moving inside a bearish channel after failing to hold above the short-term support area. From Kelly’s view, the chart suggests that XAUUSD may still need one more downside leg to complete wave (5), before a light corrective rebound appears from the lower buy zone.
The key idea is simple: gold may continue lower first toward the End wave 5 / Buy zone, then create a short ABC recovery back toward the resistance area.
⟡ Market structure
Gold is
XAUUSD — 4,337 Retest or 4,274 Sweep?
Gold is trading around 4,305 after breaking below the previous M30 support structure.
Price remains inside a bearish channel, with the old breakout area now turning into resistance.
Macro News
Higher-for-longer Fed expectations and a firm U.S. dollar are keeping pressure on Gold. Oil has also rebounded, keeping inflation risk in focus and supporting a cautious short-term outlook.
The simple read
The 4,325–4,337 area is now the key resistance zone.
If Gold retests this area and sellers def
XAUUSD — 4,365 Retest or 4,310 Sweep?
Gold is trading around 4,346 after losing the rising M30 trendline.
Short-term momentum has weakened, with 4,338 now acting as the first support.
Treasury yields remain elevated after the Fed rate hike, while officials continue to warn that inflation is still too high. Oil prices are easing, which may reduce some inflation pressure, but higher yields remain a headwind for Gold.
The simple read
If 4,338 holds, Gold may recover toward 4,360–4,365.
If that resistance rejects, sellers could ro
The Market’s Center of GravityWhy Price Keeps Returning to Certain Areas Before Choosing Its Next Direction
A market can move hundreds of points in one direction, yet somehow find its way back toward the same price area again and again.
At first, this looks strange.
If buyers have taken control, why doesn't price simply continue higher? Why does it repeatedly come back toward an old trading area before making another move?
One useful way to understand this behavior is through the concept of equilibrium.
Markets constan
BAJAJ FINANCE: Bullish Reversal at Key Confluence Zone, LONG set
Overview
1. Trade Setup & Parameters
Current Market Price (CMP): ₹1,040.30 (+2.49%).
Entry Strategy: Buy in the range of ₹1,020.00 – ₹1,045.00 as the price confirms support off the trendline.
Stop Loss (SL): ₹995.00 on a daily candle closing basis (placed safely below the support zone and ascending trendline).
Target 1 (Intermediate): ₹1,100.40 (immediate horizontal swing resistance).
Target 2 (Main Objective): ₹1,150.00 – ₹1,170.60 (major overhead resistance area).
Risk-to-Reward Ra
GMM Pfaudler cmp 1467 Weekly ChartGMM Pfaudler cmp 1467 Weekly Chart
- Support Zone 1200 to 1400 Price Band
- Resistance Zone 1475 to 1675 Price Band
- Rounding Bottoms by Resistance Zone neckline
- Heavy Volumes seen spiking over past few weeks
- Resistance Trendline Breakout is very well sustained
XAUUSD Weekly Outlook — Breakout Needs a Retest
Gold is sitting around 4,378 after breaking the H4 descending trendline.
The structure is improving, but price is now testing the 4,385–4,405 immediate resistance area.
The simple read
A pullback toward 4,290–4,320 would be the cleaner test for buyers.
If this zone holds, Gold may recover toward 4,400 first, followed by the major 4,485–4,510 resistance.
A clean break above 4,510 could later expose the H4 resistance around 4,630.
If 4,290 fails, the major swing support near 4,235 becomes i
Bullish Moves upcoming on XAUUSD?If Looking solely at technical, XAUUSD seems bullish as currently, the structure has started to shift towards the bullish direction on 3hr timeframe. after bouncing back from the support of 4235 which is coinciding perfectly with the 0.618 Fibonacci retracement level, which makes this setup even more convincing.
On immediate basis we have the level of 4403 level, if breached then the moves are expected to continue in the upward direction, long entries should be preferred moving forward.
For Ed
XAUUSD — Bullish Recovery Toward 4,410Gold is showing a bullish recovery after reacting strongly from the lower liquidity area. From Kelly’s view, the chart suggests that XAUUSD may be forming a new upside Elliott Wave structure after breaking out from the lower side of the previous bearish channel.
The key idea is simple: if gold continues to hold above the Buy zone liquidity, the recovery structure can continue toward the next resistance levels.
⟡ Market structure
Gold is currently trading around 4,310–4,318, after bouncing fro
XAUUSD — Sell Pressure Below 4,300XAUUSD — Sell Pressure Below 4,300
Gold is still trading with a bearish intraday structure after failing to reclaim the upper liquidity zone. From Kelly’s view, the chart suggests that XAUUSD remains under selling pressure, and the current rebound is likely just a temporary pause before price continues lower.
The key idea is simple: as long as gold stays capped below the 4,290–4,300 sell zone, the market may continue rotating down toward the 4,254 support, then extend lower into the 4,235 area
XAUUSD — Bearish Channel Toward 4,175XAUUSD — Bearish Channel Toward 4,175
Gold is still moving inside a clear bearish channel after failing to reclaim the upper resistance trendline. From Kelly’s view, the chart suggests that XAUUSD remains under downside pressure, and the current recovery may only be a short correction before the next bearish wave continues.
The key idea is simple: gold is trading near the sell zone, and if buyers fail to break above this area, sellers may push price back toward lower support and the final targ
XAUUSD — Medium-Term Bearish Wave Toward 3,836
Gold is showing a medium-term bearish Elliott Wave structure after failing to recover above the descending channel resistance. From Kelly’s view, the chart suggests that XAUUSD is still moving inside a broader downside trend, and the current rebound may only be a correction before the next bearish wave continues.
The key idea is simple: gold may retest support first, then create a short recovery, but as long as price stays below the descending trendline and resistance structure, the priority
XAUUSD — Bullish Retest Toward 4,425XAUUSD — Bullish Retest Toward 4,425
Gold is showing a short-term bullish recovery after completing the previous downside wave near the lower support area. From Kelly’s view, the current chart suggests that XAUUSD may be forming a corrective bullish structure, with price now reacting from the 4,334–4,340 buy retest support zone.
The key idea is simple: if gold holds above this support, the next recovery leg may continue toward the 4,420–4,435 strong resistance area.
⟡ Market structure
Gold r
XAUUSD — Bullish Wave 3 From Buy Zone
Gold is building a bullish recovery structure after completing the previous bearish wave near the lower area. From Kelly’s view, the current chart suggests that XAUUSD may be preparing for a new upside continuation while price is holding around the Buy zone wave 3.
The key idea is simple: gold may be forming wave (2) correction now, and if buyers defend the current buy zone, wave (3) can start pushing toward the upper liquidity levels.
⟡ Market Structure
Gold reacted strongly from the previ
Megatherm Induction–Down More Than 50% From High|Reversal SetupMegatherm Induction has corrected more than 50% from its previous high bringing the stock into an important long-term support zone of 190–200
Interestingly, price has been respecting this zone multiple times, making it an important area to watch for a potential base formation.
The stock is currently trading near 228.75 , with 235–240 acting as the immediate resistance zone . A decisive breakout above this zone, along with a break of the descending trendline, could indicate improving mom
XAUUSD — Bullish Setup From 4,425XAUUSD — Bullish Setup From 4,425
Gold is building a bullish recovery structure after completing the previous bearish wave 5 near the lower demand zone. From Kelly’s view, the current chart suggests that XAUUSD may be preparing for another upside leg if buyers continue to defend the End wave C / Buy zone.
The key idea is simple: gold may correct slightly first, but as long as price holds above the buy zone, the bullish structure remains valid toward the upper liquidity area.
⟡ Market Structur
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 be
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 s
WIPRO – Trendline Breakout | Potential Upside SetupWipro is showing a potential trendline breakout on the daily chart after forming a base around the 170–175 zone.
The stock has moved above the descending trendline, indicating improving price momentum. The key resistance is around 210 while the 175 zone remains an important support area.
Key Levels:
Current Price:184.50
Breakout Zone:184–188
Support:175
Major Support:167
Major Resistance / Target:210
Upside Potential
From the current level of 184.50, a move towards 210 represen
XAUUSD — Wave 4 Rebound Before Wave 5XAUUSD — Wave 4 Rebound Before Wave 5
Gold is showing a clear bearish Elliott Wave structure after the strong rejection from the upper area near 4,620–4,640. From Kelly’s view, the current chart suggests that XAUUSD may have already completed wave (3) into the 4,400–4,425 zone, and the market could now build a corrective wave (4) before continuing lower into wave (5).
The key idea is simple: gold may rebound first, but as long as the recovery stays below the sell FVG zone, the larger short-ter
XAUUSD — Bearish Structure Below 4,600XAUUSD — Bearish Structure Below 4,600
Gold is starting to lose upside momentum after rejecting from the upper side of the rising channel. From this chart, the latest rebound still looks corrective, which keeps the short-term bias tilted to the downside and supports the idea of one more bearish leg.
⟡ Market structure
Price previously advanced inside an ascending channel, but after peaking near the upper boundary, momentum faded and the market began to print a weaker lower-high sequence. The
XAUUSD – Bearish Wave Toward 4,500XAUUSD – Bearish Wave Toward 4,500
Gold is showing a short-term bearish Elliott Wave structure after failing to extend higher from the recent top. From Kelly’s view, price is now reacting under the wave 3 sell zone, which keeps the downside scenario active. If sellers stay in control, gold could continue lower, first into the liquidity buy zone, then deeper toward the end wave 5 area.
⟡ Market Structure
The current structure suggests gold may be building a fresh downside leg after the rejecti























