Nifty April 1st bearish viewAs now from 3 days market as formed head and shoulders pattern and to breakout it and move downwords market and retest and make price action upto 17400 level and sustain the move to the 17350....! If the markets consolidates and move forward it can move 17470 to 17600 level by making swings as resistance ahead.
Action
Daily Nifty Levels | Nifty Support & resistance India 20221-South African Stocks End at Near 3-Month Low
2-Oil Prices Extend the Decline
3-Annual inflation rate in India accelerated for a 5th straight month to 6.07% in February of 2022, the highest since June of 2021
4-The Indian rupee weakened towards 76.6, not far from it's all-time low of 77.1 hit earlier in the month,
5-India kept its interest rate at a record low of 4% since March 2020 to support economic recovery from the pandemic.
6 -Investors focused on the Russia-Ukraine war and the Federal Reserve’s decision on interest rates.
7- yield hits 2.14% — its highest point since July 2019
CIPLA LONG About Cipla
Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 83,510.86 Crore) operating in Pharmaceuticals sector.
Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 5,570.15 Crore, down .18 % from last quarter Total Income of Rs 5,580.47 Crore and up 5.98 % from last year same quarter Total Income of Rs 5,255.63 Crore. Company has reported net profit after tax of Rs 758.95 Crore in latest quarter.
The company’s top management includes Dr.Y K Hamied, Ms.Punita Lal, Mr.Adil Zainulbhai, Dr.Peter Mugyenyi, Mr.Robert Stewart, Mr.P R Ramesh, Mr.Ashok Sinha, Mr.S Radhakrishnan, Mr.Umang Vohra, Ms.Samina Hamied, Mr.M K Hamied, Ms.Naina Lal Kidwai. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-12-2021, the company has a total of 80.68 Crore shares outstanding.
BHARATFORGE can give 13% returns Trading rangeI will go LONG on BHARATFORGE because:
The price is under Support/Resistance zone.
It has touched the support and may reach the resistance zone .
Target would be the Resistance area .
Book profit when it reaches the resistance zone .
Entry - 729
Target - 850
Stop loss - 700
Xrp near breakout levelsAlthough the whole crypto market seems to be in a little bearish phase i think the downside has come to an end.
Btc and eth have shown storong support near 40000 and 3000 levels respectively, these levels have been tested multiple times and i think it is time for a reversal.
Xrp can show good upmove POST breakout.
This is not investment advice.
SHORT BELOW 17142 LEVELWhy this Trade..??
1.Head & Shoulders Pattern(Depth is still Pending)
2.Market Sentiment
3.Trading in a Falling Path
4.Next Support 16690 is yet to reach
Buy or Sell based on the Support Break with Volume
This Analysis works for sure!!!
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Triangle Pattern Breakout - NMDCTriangle Pattern Breakout - NMDC
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
COLPAL is at support can give up to 20-30% returnsI will buy COLPAL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1459
Target : 1700/1800
Stop loss : 1400
WELCORP has broken testing resistance I will buy WELCORP because :
The price has broken the resistance
It showed a good move upwards before breaking Resistance.
The price touched the resistance thrice in same year and has broken it now so will look at buying.
Entry : 169
Target : 223
Stop loss : 154