OSWAL PUMPS is BUY..............!! The One-Line Story
Oswal Pumps is India's largest vertically integrated solar pump manufacturer — riding the government's PM-KUSUM scheme, a multi-thousand-crore irrigation electrification push that still has years to run. The stock has corrected nearly 60% from its IPO highs despite the business posting its best-ever year. That disconnect is the opportunity.
What Does This Company Do?
Founded in 2003 and headquartered in Karnal, Haryana, Oswal Pumps designs, manufactures, and installs solar-powered submersible pumps, monoblock pumps, electric motors, and solar PV modules — all under one roof. They serve farmers directly through the government's PM-KUSUM scheme, which subsidises solar irrigation for Indian agriculture. They have executed over 1,06,000 turnkey solar pumping systems since inception — no competitor comes close on that track record.
In 2019 they formed a JV with Tata Power Solar to enter manufacturing. They also launched a subsidiary for solar PV module manufacturing (Oswal Solar Structure Pvt Ltd) and most recently set up a special purpose vehicle for utility-scale rooftop solar EPC in Rajasthan — diversifying smartly beyond pumps.
1. PM-KUSUM 2.0 is the Mega Trigger
The current PM-KUSUM scheme drives almost all of Oswal's revenue. PM-KUSUM 2.0 is expected to roll out through FY27 with a budgetary allocation of ₹5,000 crore — management has explicitly flagged this as a "meaningful scaling" opportunity. Order book already stands at 19,912 pumps with a near-term pipeline of 25,000+ pumps.
2. Capacity Expansion Underway
Solar module manufacturing capacity is being expanded by 1 GW in Q1 FY27 and another 0.5 GW by Q3 FY27. Pump and motor plant expansion ordering is already complete. This positions the company to absorb the anticipated KUSUM 2.0 surge without any supply bottlenecks.
3. New Revenue Verticals
Beyond pumps, the company has entered PM Surya Ghar (rooftop solar), utility-scale C&I solar EPC with a 300 MW pipeline, and international exports to 10 countries including UAE, Saudi Arabia, and Australia. This diversification reduces government-scheme concentration risk over time.
Accumulate in ₹340–420.
Stop ₹290.
Target ₹550 / ₹700.
Reward-to-Risk at ₹380: ~3.5:1 to Target 1
| ~6:1 to Target 2
Long
YOU’RE ONE MOVE AWAY FROM GETTING WIPED OUT IN GOLDGold is still playing its dirty game near 4500, a level it has been respecting for the past 3 weeks. No doubt, 4500 is a very important level, and since it’s near the lower side, many traders are still trying to build swing buy positions from here. Because of this, the market keeps breaking out above 4500, shows a bit of momentum, and then reverses — creating a roller-coaster situation.
Right now, the market is not even respecting price action. As you all saw last Thursday, we got a strong upside move. Ideally, the market should have continued immediately due to strong bullish pressure. However, random buyers also entered the market, and to trap them, the market is currently showing selling pressure. The goal is to either force these buyers to book small profits or close trades out of fear and switch to a selling bias. After that, just like last Friday, we could see a strong upside move. This is my view — I am still completely bullish. Yes, selling is happening, but it looks like a trap to me. This move is mainly to shake traders’ confidence and mindset.
If you observe, last week’s closing area acted as resistance on Monday, leading to a downside move. Then again on Tuesday, the market reacted from the same area without breaking Monday’s high and moved down again. Many traders entered sell positions on Tuesday with stops above Monday’s high, especially after seeing a retracement. So clearly, a lot of random sellers have entered the market. The market will likely trap them too — but before that, it may push further down to wipe out buyers first. Once Tuesday and Monday lows are broken, most buyers will exit their positions and shift to a selling bias — and that’s when a strong reversal could happen.
Right now, you can see the market has taken support multiple times near Tuesday’s low, which suggests a breakdown is likely soon. Very close to that is this week’s low (Monday’s low around 4447), which also looks likely to break — mainly to trap maximum buyers. On the 4H timeframe, there is a large red candle with a big wick, which indicates many retail positions are built there. Remember: when gold takes support with large wicks, it’s often fake. A valid support usually has a small wick and a strong body.
From a price action perspective, I don’t expect a reversal from Tuesday’s low. As I said, after breaking Tuesday and Monday lows, I expect a reversal around 4440. Also, the market is currently trading below an important zone of 4488–4503. As long as price is below this, sellers will appear strong. But once this zone breaks, I believe we will see a strong continuation on the upside in gold.
So this is my simple plan for today. Hope you all find it logical and helpful. Good luck for Wednesday.
By the way, what is your trading plan? Do let me know in the comments. NSE Hindalco Industries – Elliott Wave View (Weekly Chart)Elliott Wave analysis suggests that Primary Wave (1) and Primary Wave (2) have likely been completed. The NSE:HINDALCO is currently trading in Primary Wave (3) , which is generally the strongest and longest phase of an Elliott Wave cycle.
Within Primary Wave (3) , Wave i and Wave ii appear to be complete. The current price action suggests that Wave iii is in progress. Momentum indicators such as RSI and Awesome Oscillator remain strong, supporting the bullish trend.
Key upside levels are: ₹1,295 - ₹1,620 - ₹1,750
As long as the Wave ii low remains intact, the bullish structure remains valid.
At present, there is no major sign of trend exhaustion on the weekly chart. Therefore, the broader outlook remains positive, and any short-term correction may be considered part of the ongoing Wave iii structure. 
Long
Long
Angel One: Reading Volume Trends Inside a Corrective ChannelThis post is an educational case study mapping the current structural behavior of Angel One Limited on the 30-minute chart . By combining Elliott Wave Theory, Fibonacci levels, and volume trends, we can observe how the asset is digesting its recent moves.
The Structural Layout
The Impulse Phase: The stock previously completed a strong upward move, marked here as Wave (3). This rise was supported by expanding volume bars, showing active participation during the advance.
The Corrective Phase: Since reaching its peak, the price has been drifting lower inside a clear descending channel. This slow downward grind can be interpreted as a complex W-X-Y corrective structure, forming a potential Wave (4).
Key Clues from the Volume
The most notable feature of this setup is the volume behavior during the wave (3) rise and wave (4) pullback. As highlighted on the chart, volume expanded during wave (3) and is contracting as the price declines. A drop in volume during a downward channel indicates that the drift is caused by a temporary lack of buying interest rather than heavy, aggressive selling pressure.
Key Levels and Risk Rules
Structural Confluence: The chart identifies a theoretical area of interest near 330.90 . This zone is where the 0.382 Fibonacci retracement level aligns with the bottom line of the descending channel. Chart users typically watch this confluence zone for a specific candlestick reversal pattern—such as a hammer or a bullish engulfing candle—to indicate if the correction is reaching completion.
The Invalidation Line: A technical setup is only reliable if it has a strict rule for when the idea is wrong. For this specific structure, the Invalidation Line is placed at 324.70 (the 0.5 Fibonacci level). If the price crosses below 324.70, the bullish scenario is canceled.
Disclaimer: This post is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research and manage your risk carefully. 
Long
NIFTY : Intraday Trading Blueprint | 03-Jun-2026 | Educational Price Action Guide 📚
Welcome back to another educational market breakdown. In today’s Live Trading Box analysis, we are simplifying the price action for NIFTY 50 for the upcoming session on 03-Jun-2026.
Looking at our 15-minute chart , Nifty closed yesterday at 23,520.70, showing a slight positive recovery. But instead of guessing where the market will go, professional traders map out the "supply and demand" zones to prepare for any opening.
Let’s break down the logic step-by-step so you know exactly how to react today! 🧠📊
🟢 Scenario 1: Gap Up Opening (+100 Points)
If global markets are green, Nifty might open with a big gap up, landing around the 23,620 - 23,650 zone. This puts us right below a major resistance (ceiling).
What to do & The Logic behind it:
🔹 Don't Catch the FOMO (Solid Blue Path): When the market gaps up heavily, traders who bought yesterday will immediately sell to book their overnight profits. This causes an initial morning dip. Never buy the first green candle blindly!
🔹 Wait for the Retest: Let the price fall and "retest" our Opening Support line at 23,517.00.
🔹 The Trade Setup: If the price bounces from 23,517 with a strong bullish candle (like a Hammer or Engulfing pattern), this level has become a strong floor. You can plan a Long trade targeting the Last Intraday Resistance at 23,691.00.
🔹 Bonus Target (Dotted Blue Path): If bulls break through 23,691 and hold it, the next major supply zone sits way up at 23,906.00.
🟡 Scenario 2: Flat Opening (Near 23,520)
A flat opening means the market wakes up right where it went to sleep—near 23,520.70. This is a tricky zone because it is sitting right on our make-or-break line at 23,517.00.
What to do & The Logic behind it:
🔸 The Line in the Sand (Orange Path): A flat open means buyers and sellers are equally matched. Watch the 23,517.00 level closely.
🔸 Bullish Confirmation: If the market dips below 23,517 but immediately gets bought back up (leaving a long wick at the bottom), it shows buyers are actively defending this zone. You can look for buying opportunities aiming for 23,691.00.
🔸 Bearish Rejection: If the price struggles to stay above 23,517 and starts making red candles below it, the recovery is failing. The price will likely slide down to the next support floor at 23,394.00. Pro tip: Avoid trading heavily in the middle of this range, as it can be very choppy!
🔴 Scenario 3: Gap Down Opening (-100 Points)
If negative news hits, Nifty might open with a 100+ point gap down, starting the day below 23,420. This puts us dangerously close to our lower support floors.
What to do & The Logic behind it:
🔻 The Morning Trap (Orange Wave Lower Path): A big gap down often panics new traders into shorting immediately. However, the price will open very close to our 23,394.00 Opening Support.
🔻 Look for the Bounce: If you see buyers stepping in at 23,394, forming a "W-pattern" or strong green candles, it is a trap for early sellers. This can trigger a quick "gap-fill" rally back up to 23,517.00.
🔻 The Total Breakdown (Dotted Red Path): If the selling pressure is too heavy and we break below the Last Intraday Support at 23,302.00, the trend turns highly negative. A 15-minute candle closing below this level opens a free-fall trapdoor down to 23,105.00.
🛡️ Risk Management & Options Trading Tips
Trading options is like driving a fast car—it's exciting, but you need strict seatbelts! Keep these rules in mind today:
⚡ Mind the Theta (Time Decay): If the market gets stuck moving sideways between 23,517 and 23,394, do not buy options. The clock will eat away your premium even if the market doesn't crash.
⚡ Strike Selection is Key: Always choose At-The-Money (ATM) or slightly In-The-Money (ITM) options. Cheap, deep Out-of-The-Money (OTM) options are lottery tickets that rarely pay out.
⚡ Chart-Based Stop Loss: Place your stop loss based on the Nifty index chart levels, not the option premium price. Option prices fluctuate wildly, but index levels show the true market structure.
⚡ Capital Preservation: Never risk more than 1-2% of your trading account on a single setup. Live to trade another day!
📝 Summary & Conclusion
To wrap it all up: The 23,517.00 line is the ultimate referee for today's match. If we stay above it, the bulls are aiming for 23,691. If we break below it, the bears are looking to drag us down to 23,394 and 23,302. Remember, as retail traders, our edge comes from patience. Let the market come to your marked levels, wait for the candle to close, and then execute your plan! 🎯🧘♂️
⚠️ Disclaimer: I am not a SEBI registered analyst. This detailed plan and chart analysis are provided purely for educational purposes and to help you understand price action. Please consult with your financial advisor and do your own research before taking any real trades in the market. 
Long
The Bigger the Timeframe, the Louder the LineThe three-month or quarterly timeframe is one of the most respected and least discussed timeframes in technical analysis. Each candle on this chart represents a full quarter of price action, meaning every wick, every body, and every close carries the weight of months of buying and selling activity.
This timeframe is predominantly the domain of position traders and long-term participants — those who are not reacting to daily noise but are instead responding to major structural shifts in price. It is also worth noting that this current quarter is approaching its close, which makes the structure visible on this chart particularly relevant from a purely observational standpoint.
The green trendline drawn on this chart is perhaps the simplest yet most powerful tool in technical analysis . On a three-month timeframe, a trendline is not drawn casually — each point of contact it makes with price represents months of market behavior. A trendline at this scale captures the broader directional bias that has governed price over an extended period of time. It connects significant swing points and visually represents the angle and pace at which price has been moving. The longer a trendline holds and the more times price interacts with it without breaking it, the more technically significant that line becomes in the eyes of chart readers.
The dotted parallel channel, constructed with white lines, adds another layer of structural context to this chart. A parallel channel is formed when price moves in a relatively consistent range between two equidistant lines — one acting as the upper boundary and the other as the lower boundary. On a quarterly timeframe, the width of such a channel represents a substantial range of price movement accumulated over years, not weeks or months. The dotted nature of the lines is a stylistic choice that distinguishes this channel as a observational or projected structural boundary rather than a hard confirmed level, keeping the analysis open and unbiased. Price interacting with either boundary of this channel at the quarterly level is a notable structural event worth monitoring for any long-term chart student.
Disclaimer : This post is purely educational and observational in nature. All markings and analysis presented reflect historical price action and technical structure only. Nothing in this post constitutes financial advice, a trade recommendation, or a prediction of future price movement. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.
Long
When the Chart Speaks Louder Than the News — A Monthly StructurePrice action on the monthly timeframe has a way of telling stories that shorter timeframes simply cannot.
This chart presents a classic Broadening Formation — a pattern defined by progressively lower lows and higher highs, creating an expanding range over time. The two boundary lines, one descending and one ascending, visually capture this expansion in volatility and indecision at a macro level. This structure reflects a market in disagreement, where neither buyers nor sellers have been able to establish sustained control, resulting in wider and wider price swings with each successive cycle.
Within this broader structure, an orange zone has been marked to highlight a historically significant price gap — a roughly 5% gap in a large-cap name that persisted unfilled for an extended period. On lower timeframes, the depth and sharpness of this gap becomes even more apparent. A gap of this magnitude in a large-cap stock is not a common occurrence, and the fact that it remained open for so long made it a notable area of interest on the chart.
Finally, a bullish RSI divergence has been identified on this same monthly timeframe.
While price was printing a lower low, the RSI indicator was simultaneously forming an equal or higher low. This divergence occurs when momentum begins to weaken on the downside — sellers are pushing price lower, but the underlying momentum behind those moves is losing strength.
Disclaimer : This post is purely educational and analytical in nature. It reflects historical price action observations only and does not constitute financial advice, a trade recommendation, or a forecast of future price movement. Always do your own research and consult a qualified financial professional before making any investment decisions.
Long
Long
Long
XAUUSD: Intraday trend indicates Wave 5 bullish.Gold is trading inside a short-term rising channel, and the current structure shows buyers are still defending the intraday trend. From Kelly’s view, the market has already built a clean recovery sequence, but price is now approaching a short-term resistance area, so the better structure may come after a controlled pullback.
The key idea is simple: the daily direction remains bullish, but the cleaner buy setup is likely to appear when wave 5 begins from the buy zone.
Market structure
Gold has been moving higher inside the rising channel after forming a strong recovery from the previous low. The chart shows a sequence of impulsive upside moves followed by smaller corrective pullbacks, which keeps the short-term structure constructive.
Price is now reacting near the 4,545 resistance area. This level may slow the current push and create a wave 4 correction before the next upside attempt. As long as gold holds above the lower channel and the 4,508 buy zone, the bullish structure remains valid.
Key levels
4,545: short-term resistance
4,508–4,515: buy zone for wave 5
4,578: main upside target
4,500: key support and invalidation area
4,460: deeper support if the channel breaks
Elliott Wave view
From an Elliott Wave perspective, gold appears to be forming an intraday bullish 5-wave structure.
The current move looks like wave 3 testing resistance near 4,545. If price rejects slightly from this area, a wave 4 pullback into the 4,508–4,515 buy zone would be a healthy correction rather than a bearish reversal.
If buyers defend that zone, wave 5 may begin from there and push price towards the 4,578 target area.
Trading scenario
Preferred scenario: wait for price to pull back into the buy zone and show bullish confirmation.
Entry zone: 4,508–4,515
Stop loss: below 4,500
Take profit 1: 4,545
Take profit 2: 4,578
Take profit 3: 4,600 if momentum expands
If gold breaks below 4,500 and fails to reclaim the channel support, the bullish wave 5 scenario would weaken and the structure may need to be reassessed.
Kelly’s view
For Kelly, this is a buy-the-pullback structure, not a chase-the-resistance setup. Gold is still holding an intraday bullish rhythm, but price is near resistance, so patience matters.
If the market pulls back into 4,508–4,515 and buyers step in again, that would give wave 5 a cleaner base to develop.
Gold is still showing bullish structure. The next quality setup may come from the buy zone, not from chasing the current push.
Share your view below Long 
NIFTY : Trading levels and Plan for 02-Jun-2026🟢 Scenario 1: Gap Up Opening (100+ Points)
If Nifty opens with a gap up of 100+ points, the opening tick will land above 23,480, effectively bypassing the immediate hurdle at 23,440.
Educational Plan & Action on Levels:
🔴 The Pullback Test (Green Path): A substantial gap up moves the market away from its recent value area. As a rule of thumb, we never chase the market immediately. We wait for a retest of the 23,440 level (the immediate "Opening Resistance / Support").
🔴 Bullish Validation: If the index pulls back to 23,440, builds a solid base, and forms a bullish continuation pattern (like a 15-minute Morning Star or a strong pin-bar), this level officially flips from resistance to strong structural support.
🔴 Targets: A validated bounce at 23,440 sets up a long trajectory aiming for the major Last Intraday Resistance at 23,673.00. Maintain strict vigilance at 23,673 as heavy institutional supply sits there.
🟡 Scenario 2: Flat Opening (Near 23,379)
A flat opening means Nifty opens within the immediate range of yesterday's closing price (23,379.20), right beneath the immediate daily pivot at 23,440.00.
Educational Plan & Action on Levels:
🔴 Supply vs Demand Struggle: A flat open keeps the index inside a choppy territory. The price action will be heavily guided by whether bulls can cross the 23,440 line or if bears push it lower.
🔴 Bearish Rejection (Red Path): If the market opens flat, attempts to move higher, but faces clear rejection or a "Fake Out" at 23,440 (indicated by long upper wicks or a bearish engulfing candle), it validates institutional selling pressure. In this case, a short/Put position can be planned, targeting the next support level down at 23,243.00.
🔴 Range Expansion: If the bearish momentum is intense enough to slide past 23,243, the slide will likely extend straight down to the Last Intraday Support line at 23,124.00, as visualized by the continuing red arrow paths on the chart
🔴 Scenario 3: Gap Down Opening (100+ Points)
If global cues drive a 100+ point gap down, Nifty will open below 23,279, putting it dangerously close to the lower critical support zones.
Educational Plan & Action on Levels:
🔴 The Support Trap (Orange/Red Path): An aggressive gap down often triggers early retail panic. If the price opens near the 23,243.00 area ("Opening Support/Resistance"), watch out for an immediate consolidation box.
🔴 The Breakdown Execution: If the market forms a lower-high pattern or consolidates and breaks below 23,124.00, the structural weakness deepens significantly. This opens a direct path down into the ultimate major demand pocket on the daily chart.
🔴 Daily Chart Bounce Pocket (Dotted Teal Path): If the market aggressively falls through the red structural path towards the Important Support Zone for Bounce Back on daily chart (22,752 - 22,868), do not keep shorting blindly at the absolute bottom. Historically, this yellow block is a strong institutional demand zone. Look for high-volume reversal footprints (like an absolute trend shift or an inverse Head & Shoulders) within 22,752 - 22,868 to plan a high-reward long-term swing recovery back toward the 23,400 regions.
🛡️ Options Trading Risk Management Tips
In options trading, being right about direction is only 40% of the battle; the remaining 60% is absolute risk survival. Follow these strict professional protocols:
🔴 Capital Protection Rule: Never risk more than 1.5% to 2% of your entire trading capital on any single setup.
🔴 The Theta Trap: If Nifty gets stuck between 23,440 and 23,243 without clear momentum, option buyers should sit on their hands. Premium decay will consume your capital while the market moves sideways.
🔴 System Stop Loss: Always use strict system-based stop losses calculated based on the underlying index levels rather than volatile option premium charts.
🔴 Strike Selection Mastery: Stick exclusively to At-The-Money (ATM) or slightly In-The-Money (ITM) contracts to ensure logical delta movement and healthy liquidity. Avoid deep Out-Of-The-Money (OTM) lottery tickets.
📝 Summary & Conclusion
To wrap it up, 23,440 stands as the ultimate psychological and technical border patrol for the day. Trading comfortably above this level hands the keys over to the bulls to rally toward 23,673. Conversely, failing to cross it keeps the structural control with the bears, making it a "sell-on-rising" market down toward 23,243 and 23,124, with ultimate safety nesting at the daily major support macro zone of 22,752 - 22,868. Trade safely, let the candle closes confirm your bias, and manage your capital ruthlessly! 🎯🛡️
Disclaimer: I am not a SEBI registered analyst. This post is entirely compiled for educational visual aids, price action breakdown studies, and market structure analysis. Please do your own homework and consult your certified financial planner before putting real money at risk in the live markets. Short 
SBIN (4H): Mapping Wave C : 5-Wave Impulse v/s Complex BounceState Bank of India (SBIN) has been in a corrective phase since reaching its peak at 1,234.70 . Looking closely at the 4-hour chart, the price action seems to be carving out a larger three-part correction (an ABC structure).
Right now, we are tracking the final leg of this move, which appears to be unfolding in a five-step downward sequence. Here is a neutral, step-by-step look at the two most likely paths ahead and the exact levels where this current outlook changes.
The Near-Term Paths: Green vs. Purple
The chart highlights two ways the market might move over the coming weeks. Both paths ultimately point toward the same major structural area below, but they take different routes to get there:
The Green Path (Direct Drop): This scenario assumes the recent minor bounce near 978.80 was the entire fourth step (Wave iv). Because the bounce was shallow, it shows sellers are currently heavy. If this path continues, the price is likely already starting its final downward step (Wave v) directly toward the major support zone.
The Purple Path (Deeper Bounce First): This scenario suggests the bounce needs more time to develop. The price could recover slightly higher to test the 1,000 to 1020 price range, which aligns with key Fibonacci retracement levels. Once that temporary relief bounce finishes, the price would then turn downward for its final step.
The Critical Invalidation Line: 1,049.40
For this specific five-step downward count, the invalidation level is 1,049.40 (the low of the first downward step).
If the price goes above 1,049.40: The structure changes completely. A move above this level invalidates the idea of a final drop. It would strongly indicate that the entire correction already finished early at the 933.90 low.
The Exception (Ending Diagonal): The only way the price can cross 1,049.40 and still move lower later is if it forms a slow, overlapping, wedge-like pattern. We will only consider this complex scenario if the price action starts to behave that way. For now, 1,049.40 remains our main invalidation point.
The Major Support Cluster (880–912)
Both the green and purple paths converge on a major structural support zone between 880 and 912 .
If the price reaches this zone, we will look for clear, confirmed bullish price action (such as strong rejection candles or reversal patterns) to signal a potential entry point.
The Big Picture After the Turn
Once the price tests the support cluster, the resulting upward move will likely lead to one of two macro developments:
A New Trend: The entire correction is over, and a fresh, long-term upward trend begins.
A Complex Correction (WXY): The bounce out of the support box is a temporary relief leg (Wave X), which will eventually lead to another leg down later in the year to complete a longer, multi-part correction.
By keeping an eye on the 1,049.40 invalidation level and waiting for clear confirmation in the 880–912 support zone, we can navigate the next structural move step-by-step.
Disclaimer: This post is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research and manage your risk carefully. 
Long
Long
NIFTY began the month under pressure as sellers extended controlNIFTY began the month under pressure as sellers extended control after last week's sharp breakdown.
Technically, the index is trading below the 20 EMA, 50 EMA and 100 EMA, keeping the short-term trend negative. Price also failed to reclaim the 23,600–23,700 zone, which has now turned into immediate resistance after acting as support previously.
The recent decline from the 24,000 area remains intact. Every recovery attempt is producing lower highs, showing that buyers are still struggling to absorb supply. Until the index closes above the moving average cluster near 23,600–23,800, upside moves may continue to face selling pressure.
On the downside, today's weakness suggests the market is still searching for support after the breakdown. A sustained move above resistance would be needed before discussing trend reversal.
📚 Trading Lesson:
One of the simplest ways to identify trend strength is to watch how price behaves around moving averages.
Strong uptrends find support near moving averages.
Weak markets get rejected from them.
Over the last few sessions, NIFTY has repeatedly failed to reclaim its key averages, confirming that sellers remain in control of the short-term trend.
Short 
Reddington is BUY .....
Best / Ideal Buy ₹210 – ₹220 Near strong support, maximum margin of safety
Good Buy ₹220 – ₹235 Current range, still attractive
TARGETS : --------
Short Term (3–6 months)₹270 – ₹290~15–23%
Medium Term (6–12 months)₹308 – ₹323~30–37%
Bull Case (12–18 months)₹335+~42%+
POSITIVES :-
1. Record Revenue in FY26
Redington delivered a record FY26 revenue of ₹1,19,347 crore — a 20% YoY growth — and Q4 alone saw 25% YoY revenue growth, its highest ever quarterly revenue.
2. India Business on Fire
India revenue grew 50% and net profit grew 41% in Q4 FY26, fuelled by PC demand, large enterprise deals, premiumisation in mobility, and continued cloud and cybersecurity momentum.
3. Shifting to Higher-Value Business
Redington is evolving from a traditional distributor into a technology solutions orchestrator, with cloud, security, software, and AI-driven deployments becoming central growth engines.
4. Software Solutions Surging
The Software Solutions Group achieved a remarkable 40% growth in Q3 FY26, reflecting strong traction in high-margin digital services.
5. 300+ Brand Partnerships
Redington distributes for Apple, HP, Dell, Lenovo, Samsung, and 300+ global technology brands across India, Middle East, Africa, and Southeast Asia — giving it massive scale and diversification.
6. Strong Fundamentals & Low Debt
Net sales have grown at 15.82% annually and operating profit at 17.22% over the long term. The debt-to-equity ratio is just 0.09x, and ROCE stands at an impressive 32.56%.
7. PLI Scheme Tailwind
PLI scheme benefits are expected to flow through in FY27, a key growth driver analysts highlight in their bullish outlook. 
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 
