L&T Technical Analysis View — Cautious Bias Below 3,700Key Points
1. L&T is trading with a cautious tone
L&T is currently showing limited upside momentum after facing resistance near higher levels. The stock needs stronger buying interest to confirm a fresh bullish move.
2. Immediate resistance is near 3,650–3,700
The first resistance zone is placed around 3,650–3,700. If the stock sustains above this range, the next upside levels to watch are around 3,750–3,800. A close above 3,800 would improve the short-term structure.
3. Key support is near 3,550–3,480
On the downside, support is visible around 3,550, followed by 3,500–3,480. If L&T breaks below this zone, selling pressure may increase and the stock could move toward 3,420–3,400.
4. Momentum indicators remain mixed
The stock is not yet showing strong bullish confirmation, which suggests it may continue to remain range-bound in the near term. A breakout above resistance with good volume would be important for trend strength.
5. Infrastructure and capital goods sentiment will be important
L&T may continue to move in line with broader capital goods sector trends, government spending outlook, order inflows, execution momentum, and overall market sentiment. Strong sector participation could support recovery, while weak sentiment may cap upside.
Takeaway
L&T currently has a range-bound-to-cautious short-term setup. The stock needs to sustain above 3,650–3,700 to regain bullish momentum. On the downside, 3,550–3,480 is the key support band to watch. A breakout above 3,800 can push the stock toward 3,900–4,000, while a fall below 3,480 may invite fresh selling pressure.
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SENSEX Weekly Chart AnalysisSENSEX Weekly Chart Analysis
Chart Structure Overview
Current Price: 75,867.80
Timeframe: Weekly (W) chart on BSE
Date: May 29, 2026
Elliott Wave / Pattern Analysis
ABC Flat Correction
The analyst has identified a classic ABC Flat Correction pattern:
The C wave appears to have bottomed near the 71,824 support level
A Morning Star candlestick pattern formed at the C-wave low — a strong bullish reversal signal
Price is now doing a Neckline Retest after bouncing — this is the critical make-or-break zone (~74,000–75,800)
Key Price Levels
Level Significance100,885 Major target / projected breakout level (+16.44% from resistance) 86,116 Strong resistance / neckline of the flat correction
75,867 Current price 74,021 Immediate support
71,824 Strong base support / C-wave bottom
Trading & Investment Opportunities
🟢 Bullish Case (Primary Scenario)
If the neckline retest holds around 74,000–76,000:
Entry Zone: 74,000–76,500 (current area)
Stop Loss: Below 71,500 (below C-wave low)
Target 1: 86,116 (resistance/neckline)
Target 2: 1,00,885 (long-term projected target)
🔴 Bearish / Caution Case
If price fails the neckline retest and closes below 74,000:
Could signal the ABC correction isn't complete
Next support: 68,000–70,000 range
Wait for price to stabilize before re-entering
Long
What Is a Liquidity Grab?The Truth About How Big Players Move the Market
Have you ever entered a trade…
only to see price hit your stop loss first and then move exactly in your direction?
If yes, you’ve probably experienced a **liquidity grab**.
This is one of the most important concepts in Smart Money trading, yet many beginners don’t understand it.
Most retail traders think the market moves randomly.
But in reality, big players often move price toward areas where liquidity exists.
In this article, we’ll understand what liquidity grabs are and how smart money uses them in simple language.
1. What Is Liquidity in Trading?
Liquidity simply means:
> areas where many buy and sell orders exist.
In the market, liquidity is usually found near:
* stop losses,
* breakout entries,
* equal highs,
* equal lows,
* support and resistance zones.
Why?
Because most retail traders place their orders in similar areas.
For example:
* traders place stop losses below support,
* or above resistance.
These areas become “liquidity pools” for big players.
2. What Is a Liquidity Grab?
A liquidity grab happens when price moves into a zone where many stop losses or pending orders are sitting.
The goal is to:
* trigger those orders,
* collect liquidity,
* and then move in the real direction.
For example:
* price breaks below support,
* traders panic and sell,
* stop losses get triggered,
* smart money buys at lower prices,
* and the market suddenly reverses upward.
This move traps emotional traders.
That’s why liquidity grabs are also called:
* stop hunts,
* fake breakouts,
* or liquidity sweeps.
3. Why Big Players Need Liquidity
Large institutions trade with huge amounts of money.
They cannot enter massive positions instantly like retail traders.
To buy large quantities, they need enough sellers.
To sell large quantities, they need enough buyers.
Liquidity helps them enter trades smoothly.
This is why the market often moves toward obvious stop loss areas before making the actual move.
It’s not personal manipulation against you.
It’s simply how large orders work in financial markets.
4. Retail Traders Often Fall Into the Trap
Most beginners trade emotionally.
They:
* enter breakouts too late,
* place obvious stop losses,
* and panic during sudden moves.
Smart money understands this behavior very well.
For example:
* everyone sees resistance,
* price breaks above it,
* retail traders buy the breakout,
* market suddenly reverses,
* breakout traders get trapped.
This is why patience is extremely important in trading.
Sometimes the first breakout is fake.
5. How Smart Traders Use Liquidity Grabs
Professional traders don’t chase every breakout.
Instead, they watch:
* where liquidity exists,
* where retail traders are trapped,
* and how price reacts after sweeps.
Some traders even wait specifically for liquidity grabs before entering trades.
Why?
Because fake moves often reveal the market’s true direction.
Smart traders focus on:
* confirmation,
* structure,
* and patience.
Not emotions.
6. Liquidity Grab Does Not Mean Market Manipulation Every Time
Many traders believe:
> “The market is manipulated.”
But liquidity grabs are not always intentional manipulation.
Markets naturally seek liquidity because large orders require counterparties.
Price moves where orders exist.
Understanding this changes your mindset completely.
Instead of feeling attacked by the market, you start understanding how the market actually functions.
7. Final Thoughts
Liquidity grabs are one of the biggest reasons retail traders get trapped.
Most beginners lose money because they:
* place obvious stop losses,
* chase breakout candles,
* and trade emotionally.
Smart money focuses on liquidity, patience, and psychology.
The next time you see a breakout fail suddenly, ask yourself:
> “Was this the real move… or just a liquidity grab?”
Because in trading
> The market often moves where retail traders least expect it.
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From Shape Fall to V-Shape RecoveryFibonacci retracement drawn from the 0 to 100 level, anchored across the full swing range of the initial move. After that first impulsive leg up, the market entered a consolidation phase — a period where price moved sideways, digesting the prior move.
That consolidation eventually broke down. The market sliced through the 50% level, then failed to hold the 61.8% Golden Ratio, and finally breached the 70.6% mark as well. At that point, the structure had confirmed a fully bearish breakdown by every classical Fibonacci standard.
Then, on the weekly timeframe, a Shape Fall formed. The market dropped sharply, staged a one-sided recovery rally back up — and then that entire recovery was wiped out by an equally aggressive down move. Bulls tried, and bears completely negated the attempt. That is the definition of a Shape Fall.
What followed is where the story turns. That same Shape Fall became the base of a V-Shape Recovery — a single, clean, powerful move back to the upside that retraced the entire prior damage. Crucially, this recovery came with rising and above-average volume, confirming genuine buying pressure behind the move rather than a weak relief bounce.
Disclaimer: This is a purely observational and educational post. It does not constitute financial advice or a price forecast of any kind. Always do your own research before making any trading or investment decisions.
Long
XAUUSD: Gold Attempts Short-Term RecoveryXAUUSD: Gold Shows a Short-Term Recovery Attempt
Gold is showing a slight rebound after the recent sell-off, reacting from the lower liquidity area near 4,360–4,390. From Kelly’s view, this recovery is technically meaningful, but it is still early and has not yet confirmed a full bullish reversal.
Market structure
The broader structure remains defensive because price is still trading below the larger descending trendline and has not reclaimed the previous resistance zone around 4,560–4,575.
However, the latest reaction from the lower zone suggests that sellers may be losing short-term momentum. Gold is trying to build a recovery base, and if buyers can hold above the recent low, the market may attempt a corrective rebound towards higher resistance.
Key levels
4,331–4,346: sellside liquidity and lower support zone
4,390–4,400: current reaction area
4,440–4,460: first recovery target
4,520–4,560: stronger resistance zone
4,575: key level to reclaim for a stronger bullish shift
Elliott Wave view
From an Elliott Wave perspective, gold may have completed a short-term bearish wave sequence near the recent low. The current bounce could be the beginning of a corrective recovery phase after that decline.
Still, confirmation is needed. A stronger recovery would require price to hold above the lower liquidity zone and start forming higher lows.
What matters next
If gold stays above 4,390 and continues building momentum, the rebound may extend towards 4,440–4,460 first. A stronger push could bring price back towards 4,520–4,560.
If price fails to hold the current reaction area and breaks back below 4,360, the downside structure may reopen towards the sellside liquidity zone around 4,331–4,346.
Kelly’s view
For Kelly, this is a recovery attempt from a lower liquidity zone, not yet a confirmed bullish reversal. The bounce is visible, but the market still needs to reclaim resistance before the structure can turn cleaner.
Gold is rising slightly.
But structurally, the recovery still needs confirmation above resistance. 
Long
Technical Analysis Support and ResistanceCore 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)
Volume Analysis
Patterns (Head & Shoulders, Double Top, Triangle)
Goal:
Find good entry, exit, and risk management points for trading.
Education
Education
Education
AdaniEnt – When headlines meet structure: Wave C in progress
Adani Enterprises completed an intermediate-degree Wave 5 on 21 Dec 2022 and has since been undergoing a corrective phase, forming a classic zigzag, with Wave A and Wave B already complete. The sharp decline following the Jan 2023 Hindenburg report merely accelerated the Wave A that was already in place.
The corrective pattern since the top is best classified as a zigzag (A-B-C).
Wave A unfolded as a 5-wave impulse, with Wave (iii) showing a clear extension (SW5 extension at 1.618x of SW1-2) and Wave (v) concluding at ~38.5% of Wave (iii) on 28 Feb 2023.
Wave B retraced ~86% of Wave A, which is insufficient for a flat correction and hence confirms a zigzag structure.
Wave C is currently in formation.
As per Elliott Wave Principle, Wave C of a zigzag must at least equal Wave A, implying the possibility of a lower low or, at best, an equal low relative to the termination of Wave A.
The sharp fall on 23 Jan 2025, following news related to US SEC proceedings, aligns with this ongoing Wave C decline. From a structural standpoint, further downside remains open unless the wave count is invalidated.
Strategy: Sell on rallies, keeping the broader corrective structure in mind.
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