Nifty 50 continues to trade within a broader consolidation range, with resistance consistently emerging in the 23,800–23,900 zone. Over the past nine sessions, the index has made a high near 23,860 and a low around 23,263, indicating a range-bound structure with no decisive breakout yet. Technically, strong buying interest continues to emerge near the lower support zone of 23,300–23,250, while repeated rejection near the upper resistance band is capping upside momentum. A sustained breakout above 23,900 could strengthen bullish momentum and push the index toward the 24,000–24,200 levels. On the downside, a break below 23,250 may weaken sentiment and drag the index toward the 23,000 mark. Overall, unless either side of the range is decisively breached, the index is likely to continue trading within the current consolidation band.

SAMHI Hotels is currently in a base-building phase following a sharp correction from its 2025 peak. The weekly chart suggests that the stock is consolidating within a well-defined range, with price action respecting both long-term support and resistance zones. While the near-term trend remains subdued, the broader structure continues to show signs of accumulation.

The most significant support lies in the ₹127–₹135 zone, which has been tested multiple times over the past two years. Each visit to this range has attracted strong buying interest, indicating that long-term investors and institutional participants consider this area a meaningful valuation support zone. The recent rebound from this level reinforces its importance and suggests that downside risk remains limited as long as this support holds.

Following the rebound, the stock attempted to recover but encountered resistance near ₹165–₹171. This zone is particularly important because it previously acted as a support area and has now turned into resistance. In technical terms, this is a critical transition level. A sustained move above this range would indicate that the recent correction is losing momentum and that the stock is beginning to rebuild its bullish structure.

At higher levels, the key medium-term resistance is located at ₹228–₹237. The stock has faced rejection from this zone on more than one occasion, making it a major supply area where profit booking is likely to emerge. A breakout above this range would represent a significant technical event and could mark the beginning of a fresh upward trend.

From a technical standpoint, SAMHI Hotels appears to be in the early stages of a recovery after successfully defending a major support zone. The stock has demonstrated resilience, but a stronger bullish view will require a decisive close above ₹165–₹171. Such a move would likely improve market sentiment and create the potential for a medium-term advance toward ₹228–₹237.

Until that breakout occurs, the stock is expected to remain in a consolidation range, with investor focus centered on whether the current rebound can be sustained.

Solar Industries continues to maintain a strong primary uptrend, supported by a well-defined rising trendline and consistent higher low formations (circled). The recent price action shows a successful bounce from the demand zone (₹11,750–₹12,120), reinforcing this area as a key accumulation zone.

Post the correction from highs (₹17,820), the stock has stabilized and resumed upward momentum, indicating that the decline was corrective within a broader uptrend, not a structural breakdown.

Key Levels:

• Immediate Support: ₹13,800–₹14,200

• Major Support (Demand Zone): ₹11,750–₹12,120

• Immediate Resistance: ₹15,800–₹16,000

• Major Resistance / Previous High: ₹17,820
  

Conclusion:
Solar Industries is in a healthy uptrend with controlled corrections. The current setup reflects strength after consolidation, and the stock is positioned for a potential upward continuation.

UPL is currently transitioning from a long consolidation phase into a developing uptrend, supported by a series of higher lows (green circles) along a rising trendline. This indicates gradual accumulation after a prolonged sideways phase.

However, the stock is still trading below a strong historical resistance zone near ₹829–₹830, which has previously acted as a major supply area (multiple rejections marked in red). This makes the current structure improving, but not yet fully bullish.

The ₹640–₹670 zone is a key consolidation and demand area. Price is currently hovering around this zone, making it a decision point for the next move.

• Higher lows - early trend formation

• Repeated resistance near ₹830 - strong supply overhead

• Current price near consolidation zone - critical support test

Key Levels:

• Immediate Support: ₹620–₹650

• Trendline Support: ₹580–₹600

• Resistance: ₹760-765 (intermediate), ₹829–₹830 (major)

View:
The structure is gradually turning positive, but confirmation is still pending.

• Holding above ₹640–₹670 keeps the recovery intact

• A Strong breakout above ₹830 would confirm a trend reversal and continuation

Conclusion:
UPL is in a base formation with early signs of strength. The stock is not yet in a confirmed uptrend, but the improving structure suggests a potential upside if key resistance is breached.

ZEEL has triggered a bullish reversal with an Inverse Head & Shoulders breakout near ₹86–87, supported by strong volumes. The setup indicates improving momentum and potential upside continuation.RSI above 61.5 strong uptrend continuation.

Trade Levels:

• Entry: ₹86–₹88

• Targets: ₹95 / ₹100–₹102

• Stop Loss: ₹82 (closing basis).
  
  

Outlook:
Bias remains positive above ₹85, with scope for further upside on sustained buying. A failure to hold breakout levels may result in short-term consolidation.

Nifty curently trading at previous support become resistance now 24300-24400 Range. Once breake above level then towards upside rally 25000-25500

Bajaj Finserv remains in a clear uptrend, moving within a well-defined rising channel. The multiple touchpoints (circles) on both support and resistance confirm that this structure is reliable and actively respected by the market.

Currently, the stock has faced rejection near the resistance zone (₹1,930–₹2,200) and is undergoing a healthy pullback, not a trend reversal. This is a normal phase within an ongoing uptrend.

The ₹1,650–₹1,700 zone is a key area, as it aligns with the channel support and past demand levels. If the stock holds this zone, the broader uptrend remains intact and a bounce from here is likely.

On the upside, ₹1,930 is the immediate hurdle. A strong breakout above ₹2,100–₹2,200 would indicate continuation of the uptrend.

Key Levels:

• Support: ₹1,650–₹1,700

• Major Support: ₹1,300–₹1,350

• Resistance: ₹1,930

• Breakout Zone: ₹2,100–₹2,200

View:
The current decline is corrective and not a breakdown. As long as the stock holds above ₹1,650, the trend remains positive. A bounce from support or a breakout above resistance can drive the next move higher.

Engineers India is currently forming a symmetrical triangle pattern, indicating a consolidation phase with converging trendlines and tightening price action.

Multiple rejections near the upper trendline (red circles) and support near the lower trendline (green circles) confirm the validity of the pattern. Price is now approaching the apex, suggesting a potential breakout setup in the near term.

The blue rectangle zone (~₹195–₹205) is acting as an immediate support and consolidation area, where price is currently stabilizing. Sustaining within this zone indicates base formation before a directional move.

The highlighted orange zone reflects the probable breakout region, where price compression may lead to a sharp move once direction is confirmed.

Resistance (Triangle Top): ₹220–₹225
Immediate Support (Consolidation Zone): ₹195–₹205
Major Support (Triangle Base): ₹160–₹170

Outlook:
Structure remains neutral within consolidation. A decisive breakout above the triangle resistance may trigger bullish momentum, while breakdown below support could weaken the structure. Price is currently compressing, and a directional move is likely as it approaches the apex. Investors are advised to monitor breakout levels closely.

VBL is currently trading in a downtrend, forming lower highs and lower lows within a descending channel, indicating sustained selling pressure.

The stock recently broke below a key horizontal support zone (~₹420–₹440), which had acted as a strong demand area multiple times in the past. The current pullback towards this zone suggests a retest of the breakdown level, which may now act as resistance.

Price is also attempting a bounce from the lower boundary of the channel, indicating a possibility of short-term relief.

Resistance (Previous Support Zone): ₹420–₹440
Immediate Support: ₹370–₹380

Outlook:
Structure remains bearish despite the recent bounce. The current move appears to be a pullback towards resistance, and sustained trading below ₹440 keeps the downside risk intact. A reversal will require a strong breakout above the resistance zone and channel. Until then, rallies may face selling pressure.

Nifty previous support become resistance towards nifty mover

VBL is currently trading in a downtrend, forming lower highs and lower lows within a descending channel, indicating sustained selling pressure.

The stock recently broke below a key horizontal support zone (~₹420–₹440), which had acted as a strong demand area multiple times in the past. The current pullback towards this zone suggests a retest of the breakdown level, which may now act as resistance.

Price is also attempting a bounce from the lower boundary of the channel, indicating a possibility of short-term relief.

Resistance (Previous Support Zone): ₹420–₹440
Immediate Support: ₹370–₹380

Outlook:
Structure remains bearish despite the recent bounce. The current move appears to be a pullback towards resistance, and sustained trading below ₹440 keeps the downside risk intact. A reversal will require a strong breakout above the resistance zone and channel. Until then, rallies may face selling pressure.

Tata Consumer is in a long-term uptrend, supported by a well-defined rising trendline, indicating sustained structural strength over time.

Currently, the stock is trading near the first support zone of ₹1,030–₹1,040, which also aligns closely with the rising trendline. This confluence makes it a crucial support area for maintaining the long-term trend.

Price has faced rejection near the resistance zone of ₹1,250–₹1,255, indicating presence of supply at higher levels.

Resistance: ₹1,250–₹1,255

Immediate Support: ₹1,030–₹1,040 (Trendline Support)

Major Support: ₹875–₹885

Outlook:

The long-term structure remains positive as long as price holds above the trendline support. Sustaining above ₹1,030 may lead to consolidation or gradual recovery, while a breakdown could weaken the structure towards lower support levels. Investors are advised to monitor price action near key support for confirmation.

Nifty is showing weakness on the weekly timeframe, after facing rejection near the major resistance zone of ₹26,300–₹26,400. The index has formed a lower high and is witnessing a sharp decline towards key support levels.

Price is currently near a rising trendline support at ₹22,200–₹22,500, which is a crucial demand zone for maintaining the broader structure.

Additionally, Bollinger Bands %B indicator is near the lower band (oversold zone), suggesting that the index may be approaching short-term exhaustion in selling pressure. This could lead to a technical bounce or consolidation near support levels.

Resistance: ₹26,300–₹26,400

Immediate Support: ₹22,200–₹22,500 (Trendline)

Major Support: ₹21,000–₹21,200

Outlook:

Structure is turning cautious after rejection from higher levels. While the trend remains weak, oversold conditions may support a short-term bounce. A breakdown below the trendline could accelerate downside momentum, whereas holding above support may lead to consolidation or relief rally. Investors are advised to monitor price action closely near key levels.

APL Apollo has given a breakout from a triangle pattern, indicating a shift from consolidation to a bullish structure. Post-breakout, the stock formed a rising trendline, reflecting sustained upward momentum.

Currently, price is trading near the rising trendline support, suggesting a critical zone for maintaining trend strength. Holding this level may lead to continuation of the uptrend, while a breakdown could result in short-term correction.

Resistance: ₹2,150–₹2,300
Immediate Support (Trendline): ₹1,900–₹1,950
Major Support: ₹1,400–₹1,500

Outlook:
Structure remains positive post breakout, with price now testing an important support zone. Sustaining above the trendline will be key for continuation of bullish momentum, while any weakness below support may lead to consolidation. Investors are advised to monitor price action near the trendline closely.

ONGC is showing improving bullish structure on the daily timeframe, with price reclaiming higher levels and trading above the pivot zone of ₹261–₹264, indicating strengthening momentum.

The stock is currently approaching R1 resistance at ₹287–₹289, which is a crucial supply zone. A sustained move above this level may open the path towards R2 at ₹327–₹329.

ONGC’s direct linkage to the oil & energy sector, price action tends to remain sensitive to global commodity movements. In the current environment, strength in crude oil prices can support upward momentum, while volatility may remain elevated.

Resistance:

• ₹287–₹289 (R1)

• ₹327–₹329 (R2)

Support: ₹261–₹264 (Pivot)

Major Support: ₹212–₹215

Outlook:
Structure remains positive above the pivot zone. Sustained breakout above ₹289 will be key for further upside, while failure to hold above ₹261 may lead to consolidation. Investors are advised to monitor price behaviour along with sectoral trends before taking decisions.

Nifty is currently trading within a descending channel pattern, indicating a short-term bearish structure with lower highs and lower lows. Price is now attempting a bounce from the lower boundary of the channel.

A move towards the upper trendline (~23,000–23,100 zone) may act as immediate resistance. Until a breakout above the channel occurs, the broader intraday trend remains weak.

Ongoing geopolitical (war-related) uncertainty, volatility may remain elevated, leading to sharp moves on both sides. Such conditions often result in false breakouts or sudden reversals, especially near key levels.

Resistance (Channel Top): ₹23,250–₹23,350
Support (Channel Bottom): ₹22,400–₹22,500

Outlook:

Short-term trend remains bearish within the channel. A decisive breakout above the channel is required to shift momentum, while failure to sustain may continue the downward bias. Traders are advised to remain cautious and monitor price action closely.

Bank of Maharashtra is trading in an uptrend supported by a rising trendline, indicating gradual strength in price structure. However, the stock is currently facing rejection near higher levels and has pulled back towards the trendline support.

Three key resistance zones are clearly defined:

R1: ₹73–₹75

R2: ₹84–₹86

R3: ₹96–₹98

These zones have historically acted as strong supply areas, and each level may offer resistance during upward movement. A move from R1 to R3 could offer ~30% upside, but it is important to note that multiple resistances may limit smooth upside continuation.

Trendline Support: ₹60–₹62

Outlook:
Structure remains cautiously positive as long as price holds above the rising trendline. Sustained move above R1 will be the first sign of strength, while further upside will depend on the ability to absorb supply at higher resistance levels. Investors are advised to monitor price action near each resistance before taking decisions.

Technical Analysis – AGI Infra Ltd. (Daily)

AGI Infra continues to trade within a rising channel, maintaining a broader uptrend. However, recent price action shows rejection near ₹320–₹325 followed by a pullback towards the support zone.

The stock is currently hovering around the ₹298–₹300 support zone, which is a critical level. A sustained hold above this zone may lead to a bounce within the channel, while a breakdown could weaken the short-term structure.

Resistance: ₹320–₹325
Immediate Support: ₹298–₹300
Next Support (Trendline): ₹270–₹280

Outlook:
Short-term structure has turned slightly cautious after rejection from higher levels. Holding above ₹298 will be important for trend continuation, while a breakdown may lead to further correction within the channel. Investors are advised to closely monitor price behaviour near support levels before taking decisions.

Tata Steel is trading in a short-term uptrend, supported by a rising trendline. The stock recently witnessed a pullback after testing the recent high near ₹216 and is now consolidating near key levels.

Price is currently holding near the immediate support zone of ₹185–₹188, which aligns with the rising trendline. Sustaining above this level may support continuation of the uptrend, while a breakdown could lead to further downside towards lower supports.

Resistance: ₹210–₹216

Immediate Support: ₹185–₹188

Major Support: ₹175–₹180

Outlook:
Structure remains mildly positive as long as price holds above the trendline support. A bounce from current levels may resume upward momentum, while weakness below ₹185 could shift the structure towards consolidation. Investors are advised to monitor price action near support levels before taking decisions.

Torrent Pharma is trading in a strong long-term uptrend, supported by a well-defined rising trendline that reflects consistent higher highs and higher lows. The stock has recently approached its 52-week high zone around ₹4,450–₹4,480, which is acting as a key resistance area.

Price is currently consolidating near this level after a strong rally, suggesting a possible pause or minor consolidation before the next directional move. A decisive weekly close above the 52-week high may lead to continuation of the bullish trend.

Resistance: ₹4,450–₹4,480 (52-week high zone)
Immediate Support: ₹4,100
Trendline Support: ₹3,900 -₹4,000

Outlook:
The broader structure remains positive within a sustained uptrend. A breakout above the 52-week high could strengthen bullish momentum, while the rising trendline is likely to act as an important support zone during any pullbacks. Investors are advised to monitor price action near key levels before taking decisions.

Data Patterns is forming an ascending triangle pattern on the weekly timeframe, characterized by a rising trendline support and a horizontal resistance zone near ₹3,300–₹3,450.

Price is currently testing the upper boundary of the pattern, indicating a potential resistance breakout attempt. A decisive weekly close above the resistance zone may confirm the breakout and lead to further upside momentum.

However, post-breakout, a short-term correction or pullback towards the breakout zone is possible as part of a healthy retest before continuation of the trend.

Resistance: ₹3,300–₹3,450

Trendline Support: ₹2,600–₹2,700

Major Support: ₹2,100

Outlook:

Structure remains constructive within the ascending triangle formation. Breakout confirmation above resistance will be key, while a temporary correction after breakout cannot be ruled out. Investors are advised to monitor weekly closing levels before taking decisions, in line with their risk profile and market conditions.

• Because of the global war situation, big investors are becoming cautious. They are slowly taking money out of the stock market and moving it into safer options like gold and silver.
  
  

When this happens, stock market indices may see profit booking and fall. So, in this situation, there are higher chances for the market to move down, which makes the PE (put option) side more favorable.

HCL Technologies is currently trading near a key support level around ₹1,310 on the weekly timeframe after witnessing rejection from the resistance zone near ₹1,700. The stock is moving within a defined range, indicating a consolidation phase.

The ₹1,515 level is acting as an important pivot zone, where price direction may strengthen upon sustained movement above or below this level. Recent price action shows selling pressure near resistance and demand emerging near support.

Resistance: ₹1,700
Pivot Level: ₹1,515
Support: ₹1,310

Outlook:
Structure remains range-bound in the medium term. Sustaining above the pivot level may improve momentum towards resistance, while a breakdown below ₹1,310 could weaken the structure. Investors are advised to monitor price behaviour near key levels before taking decisions, in line with their risk profile and market conditions.

• Clear breakout above ₹1050 resistance with strong volume expansion.
• Price holding comfortably above VWAP and 20 EMA: intraday trend intact.
• Higher highs + higher lows structure after breakout: continuation bias.
• RSI around 62: bullish momentum, not yet overbought.

As long as price sustains above ₹1050, dips toward EMA/VWAP can attract buyers.
Failure below ₹1050 may trigger short-term profit booking.

Trend remains bullish unless structure breaks.

Technical Analysis – IOC Ltd. (Weekly)

IOC is currently trading near a major resistance zone of ₹180–₹186 on the weekly timeframe.

Price has approached this zone after forming a steady uptrend supported by a rising trendline, indicating improving strength in the stock.

The resistance zone has historically acted as a strong supply area, and price is now attempting a breakout. A decisive weekly close above ₹186 may lead to further upside momentum and continuation of the broader trend. However, failure to sustain above this zone could result in short-term consolidation or pullback.

Resistance: ₹180–₹186
Trendline Support: ₹160–₹165
Major Support: ₹135–₹138

Outlook:
Overall structure remains constructive with price trading near a crucial breakout level. Sustained move above resistance will be key for further upside, while price behaviour near this zone should be closely monitored for confirmation.

MOREPENLAB: Daily chart shows a breakout after long downtrend.

Price has moved above 40–41 resistance with strong momentum. MACD bullish crossover and RSI near 70 indicate strength, but short-term consolidation is likely after the sharp move.

Support: 41, then 36
Resistance: 49–50 zone

Bias remains bullish as long as price holds above 41. Next upside zone to watch is 50. Avoid chasing; better entries come on pullbacks or consolidation.

Bliss GVS has broken above the resistance zone of ₹200–₹212 on the weekly timeframe, indicating improving bullish strength and positive price structure.

As the breakout has occurred near a historical supply zone, there is a possibility of a fake breakout or short-term correction towards the breakout area for retest before further continuation.

Previous Resistance (Now Support): ₹200–₹212

Immediate Support: ₹170–₹180

Major Support: ₹78–₹80

Outlook:
Overall structure has turned positive post breakout. Sustained price acceptance above ₹212 on a weekly closing basis will be crucial for continuation of the uptrend. Any pullback towards the breakout zone may act as a healthy retest, provided support levels hold. Investors are advised to monitor price action and take decisions as per their risk profile and market conditions.

15-min chart indicates a shift from bearish trend to short-term bullish consolidation.

After facing strong rejection near 212–213, the stock declined and formed a base around 202 with a high-volume reversal. This zone now acts as key demand. Price has since moved above Supertrend and ALMA, forming higher lows and showing recovery strength.

Currently consolidating between 206 support and 209 resistance.

Above 209: breakout can push price toward 212–214.
Below 206: weakness may lead to a retest of 202–203 demand.

• Bias remains mildly bullish while holding above 206, with a breakout awaited for directional confirmation.

ABB is trading near a critical resistance zone of ₹6,250–₹6,550, where previous supply has emerged. The current price action shows strong upward momentum with notable volume expansion near resistance, indicating active participation and accumulation.

Sustained price acceptance above this zone, supported by strong volumes, may signal a potential breakout and continuation of bullish momentum. However, rejection from this range could lead to brief consolidation before the next directional move.

Resistance: ₹6,250–₹6,550
Support: ₹4,300–₹4,600

Outlook:
Structure remains positive with improving strength. A decisive breakout with volume confirmation will be crucial for further upside, while price behaviour near resistance should be closely monitored for confirmation.

BANK NIFTY formed a rising wedge pattern and the support trendline has broken down. Price is currently moving lower, indicating sellers gaining control.

Bias: Bearish
Downside Level: 61,160
Approach: Expect further decline while price stays below the broken trendline.

Godrej Industries has delivered a sharp bullish rebound from the ₹1,000–₹1,015 consolidation base. The latest session formed a strong bullish candle accompanied by a noticeable rise in volume, reflecting renewed buying interest at lower levels.

Technically, the earlier downtrend has transitioned into a sideways accumulation phase, with price oscillating between ₹1,013 (support) and ₹1,065 (resistance). Current price action suggests a potential breakout attempt from this range.

NIFTY formed a rising wedge pattern and has now given a support trendline breakdown, indicating weakening bullish momentum. After the breakdown, selling pressure has emerged and bias turns negative.

Bias: Bearish
Downside Level: 25,650
Invalidation Level: 25,725
Approach: Sell on rise while price sustains below the invalidation level.

View remains negative unless market sustains above 25,725.

SAIL has formed a broad rounding-bottom structure and is currently trading in a strong higher high–higher low formation, indicating a sustained medium-term bullish trend. The stock is approaching the crucial resistance zone near 173–180, which previously acted as a supply area. Momentum remains positive as long as prices hold above the 145–150 support band.

Existing investors can continue to hold with a trailing stop below key swing supports, as the structure favors further upside toward 175–180 and potentially higher on a breakout. Fresh investors may consider accumulation on dips toward 145–150, while aggressive traders can look for breakout opportunities above 175 with volume confirmation for positional upside.

ITC has witnessed a sharp breakdown below the major 380 support zone, accompanied by strong volume expansion, indicating distribution and structural weakness in the medium term. The stock is currently attempting a technical pullback from the 305–310 demand area, which aligns with the rising long-term trendline support. However, the broader trend remains bearish as long as price sustains below 380 and the descending trendline resistance.

Existing investors may continue to hold with caution if positioned for long-term value, but fresh accumulation should ideally be considered only after a strong reversal pattern and sustained move above 350–360 levels. Short-term traders can expect volatility, with 305 acting as crucial support; a breakdown below this may open further downside, while pullbacks toward 350–380 could face selling pressure unless supported by strong momentum.

TARIL LTD is showing early recovery signs with higher-low formation and a potential channel breakout, indicating a possible trend reversal but not a confirmed uptrend yet. Momentum remains positive with a MACD bullish crossover, while rising volumes near resistance suggest accumulation interest.

Key Levels: Support ₹285–₹290 | Major Support ₹265–₹270 | Resistance ₹305–₹310.

Overall bias stays mildly bullish above ₹285; a strong breakout above ₹310 with volume may extend the rally, whereas a drop below ₹285 could lead to short-term consolidation. Suitable for watchlist/positional approach rather than fresh aggressive entry.

NIFTY Bank has formed a Rising Wedge pattern and is currently consolidating near the trendline support.

🔻 If support breaks:
Below 61,250 → downside momentum
Next target → 61,050

🔺 If support holds:
Strong reversal possible
Upside target → 61,400

➡️ Watch the support zone carefully for directional confirmation.

Nifty 50 formed a Rising Wedge and gave a breakdown.
Now price is retesting and consolidating near the breakout zone.

Above 25,715 → Bullish move (uptrend likely)
Below 25,680 → Bearish move towards 25,630

➡️ Market in decision zone — wait for breakout before trade.

Sharing my personal view on NIFTY50 based on the 4H chart.

After the recent sharp drop, price is moving up in a corrective manner and is currently facing resistance near the 61.8%–78.6% Fibonacci retracement zone (around 25550–25750). This area also aligns with previous support turning into resistance and the 20 EMA, where price is showing hesitation.

RSI (9) is holding around the 45–50 range, which suggests momentum is still weak and not showing strong bullish continuation yet.

As long as price remains below the recent lower high and struggles near this retracement zone, the structure looks like sell-on-rise, with the possibility of further downside after some consolidation or choppy movement.

This is only my market perspective, not a trade recommendation.
Sharing for discussion and learning.

Graphite India is trading within a symmetrical triangle pattern on the weekly timeframe, indicating consolidation before a potential directional move. Price is approaching the upper trendline, suggesting a possible breakout attempt.

A decisive weekly close above the triangle resistance may trigger fresh upward momentum. However, a short-term pullback or retest after breakout is possible before continuation of the trend.

Resistance: ₹720–₹780

Support (to be considered after breakout): ₹620–₹640
Major Support: ₹480–₹500

Outlook:
Structure remains neutral to positive within consolidation. Breakout confirmation above resistance will be key for next trend direction. Investors are advised to monitor price action and act as per risk profile and market conditions.

Crude Oil Futures (MCX) on the 15-minute timeframe are currently trading below the 5725 pivot, indicating short-term weakness after facing rejection near the 5790 resistance zone. The structure suggests a range-to-bearish bias unless price sustains above 5725–5790. Immediate support is placed at 5640, followed by 5510 on a deeper correction. Traders may look for selling opportunities on rise toward 5725–5790 with strict stop losses above 5860, while fresh long positions are advisable only on a decisive breakout and sustainment above 5790–5860 levels with strong momentum confirmation.

Natural Gas Futures are currently trading in a short-term bearish structure on the 4-hour chart, forming lower highs and lower lows while consolidating near a descending trendline resistance around the 290–300 zone. The broader trend remains weak unless price sustains above the falling supply line, which could trigger a short-covering bounce. Immediate support is placed near 270–275, and a breakdown below this zone may extend the decline toward 250 levels. Existing traders should maintain cautious positioning with strict stop losses, while fresh long positions are advisable only on a decisive breakout above the trendline with strong volume confirmation. Short-term traders may look for selling opportunities on rise toward resistance zones until a clear trend reversal is established.

Bank Nifty – Simple Technical View

Bank Nifty formed a symmetrical pattern yesterday and gave a breakdown around 12:30 PM. After that, the market recovered strongly and rallied near 61,100. Later, a small pullback happened and the trend again turned bullish.

🔼 Bullish Expectation

• Target: 61,750
  If buying momentum continues, price may move towards the previous resistance zone at 61,750.

🔽 Bearish Possibility

• Support: 60,550
  If the market faces rejection near resistance and reverses, it may fall towards 60,550.

👉 Watch price reaction near resistance to decide the next move.

Lupin is exhibiting a Cup & Handle pattern on the weekly timeframe. The cup formation appears completed, and the stock is currently trading near the neckline resistance zone. The handle formation is yet to develop and may form in the coming sessions before any decisive breakout.

A sustained move above the neckline after handle formation could support further upward momentum and confirm the pattern.

Resistance: ₹2,250–₹2,325
Support: ₹2,050–₹2,100
Major Support: ₹1,600–₹1,750

Outlook:
Overall structure remains constructive with bullish pattern development in progress. Completion of handle and breakout above resistance will be key for trend continuation.

The market is currently consolidating inside a Symmetrical Triangle pattern, indicating a possible breakout move soon.

🔼 Bullish Scenario

• Breakout Above: 25,725

• Target: 25,800
  If price closes above 25,725 on a 15-minute candle, upside momentum may continue toward 25,800 (triangle resistance zone).

🔽 Bearish Scenario

• Breakdown Below: 25,565

• Target: 25,500
  If price closes below 25,565 (triangle support & previous swing low), the downside move may extend toward 25,500.

⚠️ Note

Avoid trading inside the triangle. Wait for a proper 15-minute candle close to confirm the breakout and reduce the chances of a false move.

The stock shows a strong breakout followed by healthy consolidation near highs, indicating solid price acceptance rather than weakness. Volumes supported the rally, and current sideways action resembles base building.

Momentum: RSI near 70 suggests strength, with scope for brief cooling before the next move.

• Immediate Support: ₹148–₹150

• Major Support: ₹138–₹142

• Resistance: ₹165–₹170
  

View: Bias remains bullish above ₹150. Minor pullbacks may offer entry opportunities, while a decisive break above ₹170 could trigger the next upward leg.

JB Chemicals is trading in a strong uptrend on the weekly timeframe, supported by a rising trendline and consistent higher highs and higher lows, indicating sustained buying interest.

The stock is currently near a major resistance zone of ₹1,950–₹2,050. A decisive weekly close above this range may lead to fresh upward momentum. Failure to break this zone could result in short-term consolidation.

Support: ₹1,820–₹1,850
As long as the stock sustains above support, the overall structure remains positive.

Overall Outlook:
Trend remains constructive. Investors may monitor price action near key resistance and support levels before taking decisions, in line with their risk profile and market conditions.

The daily trend remains bullish with a clear higher-high, higher-low structure. Price is nearing a trendline breakout zone with supportive volumes, while MACD momentum stays positive, indicating strength rather than exhaustion.

• Immediate Support: ₹4,050 – ₹4,100

• Major Support: ₹3,750 – ₹3,850

• Resistance / Breakout: ₹4,350 – ₹4,450

From a positional view, controlled pullbacks toward support may offer accumulation opportunities for long-term investors. However, premium valuations can invite interim corrections, and a failed breakout near resistance could lead to short-term consolidation.

Reliance Industries continues to maintain a bullish structure from a mid-term to long-term perspective, supported by strength across its diversified business segments. Existing shareholders are advised to hold their positions and consider accumulating on dips near key support or demand zones. New investors with a long-term horizon may start gradual accumulation, while short-term participants should wait for pullbacks toward strong support levels before initiating fresh positions.

Bank Nifty has formed a symmetrical triangle pattern and respected the rising trendline support near 59,920, triggering a bullish reversal. Price has now approached the key resistance zone around 60,450 and is currently consolidating.

Bias remains positive as buying pressure continues.

👉 Bullish Trigger: Sustained breakout above 60,450
👉 Plan: Traders may consider bullish strategies on breakout confirmation for potential upside momentum.

The market is currently in a sideways-to-range-bound phase within a broader rising channel. After a sharp recent dip toward the lower Bollinger Band, the index has staged a mild recovery and is now consolidating around the middle band near the 25,500 zone. Momentum appears neutral, with price facing overhead resistance near the 26,900–26,000 area, while immediate support is seen around 25,400–25,300. Overall, the trend remains structurally positive in the medium term, but short-term price action suggests consolidation with cautious undertones.