Nifty may nosedive from here! So that missing piece - closing above 25200 - we lost again.
Reason - FIIs are taking out cash from Indian market as per data.
Why? Because they sense many big companies might report negative earning - hence index trading is not suitable for them.
During Quarterly Earning Season, promoters shift their money from one to another. Mutual funds rebalance their portfolio from weak to stronger. And Institutional Money like FII don't like surprises on their positions. They go with the plan.
If I would have been the FII, what I would be doing is - wait for the earnings to announced and then see which companies have given great results and which have their sales increased. Then, after the Earning Season is over, I'll re-position myself with clean charts. Avoid any volatality. Any surprises.
So that's why they are doing exactly.
Because of that, maybe your setups won't work like they do in usual condition. So if you feel you're getting stuck or Stoloss hitting more than normal, dont be surprised.
A good practice would be to stay away from trading for while and let the market settle for a bounce back.
However, I'm a professional trader and I need to earn in any market condition. Hence I have strategy for every situation.
Me and my students use Earning Pivot to give ourselves an edge against unpredictable market structure during Earning Seasons.
So this would be wise to stick to this setup only for a time being.
Coming to the market, NSE:NIFTY has given a Supply candle today with sellers outnumbering buyers by 93 million volume.
Now if 25000 is broken we can see a deeper cut in the index. Maybe near 24750.
However, the immediate support is at 24980. Resistance now at 25155.
If we get a bounce to this, we can build a short position. Yeah, from now on market might turn on Sell-on-Rise mode.
NSE:BANKNIFTY short term support formed at 56050. Resistance 56965.
Many IPO stocks are showing good strength with bullish structure. Hence I will be focusing there.
Today I traded just one stock and also given here to all of you and that hit Upper Circuit. Remember it was from IPO sector. Name is GETTEX:NSE :#IXIGO.
Traded NSE:ANANDRATHI as Intraday and got 4% upside in that as well. So overall the day ended in positive note for our community. Cheers on that!
That would be all for today. Take care. Have a profitable day ahead.
ANANDRATHI
ANAND RATHI: Enter on pullback!1. Price is strong, already did a trendline breakout.
2. Best entry should have been around 3600 before the BO, but now, we have to wait for the price to retrace back to good entry zones.
3. Overall view is bullish, it has a long way to go on the upside.
4. RRR is not favourable currently.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
All time high breakoutChart -> Anand Rathi Daily
All time high breakout with volume.
CMP: 4383
Good Range To Buy: 4250 to 4400
Targets: 4666, 4845
SL: 4150 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Anand Rathi Wealth Ltd - Breakout Setup, Move is ON...#ANANDRATHI trading above Resistance of 4226
Next Resistance is at 5147
Support is at 3413
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 3769
Next Resistance is at 4226
Support is at 3233
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Horizontal Breakout in ANANADRATHI NSE:ANANDRATHI
#ANAND RATHI WEALTH LTD (1D Chart)
Trend: The stock is in an uptrend.
View: Bullish
Structure: The chart shows a potential upward move, as it is forming a strong horizontal resistance zone and a breakout of 4300+ will give us a good momentum move and once it sustain above the level on day closing basis We can carry it for swing also
Entry: 4,300+ Don't enter in spike wait for 5 min candle close.
Risk: previous swing low level marked on chart Stoploss Level: 3,987 (Red Line)
Targets: 4,521 INR, 4,766(Blue Lines)
The Industry outlook is also bullish as in last week the most of stock from this stock broking industry have given breakout and good follow up moves now lets see for #ANANADRATHI
Use Proper Position sizing and always follow stop, make sure you study the chart.
Keep learning Happy trading.
ARW Tachno-Funda CallNSE:ANANDRATHI is about to breakout Major Resistance after a good consolidation of over 8 Months. Today it Posted its Q2 FY 24-25 Results which were astonishing. It is an AMFI-registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. It offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.
For Swing Traders: Enter after it Breakouts above 4300 Levels With a Good Price and Volume Candle.
For Positional Traders: You can Accumulate it if it comes back to the Accumulation Zone or Near 200EMA.
For Investors: You Can SIP, Going all in at this Valuation is a bit Risky.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 3233
Next Resistance is at 3769
Support is at 2474
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 2744
Next Resistance is at 3233
Support is at 2360
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 2360
Next Resistance is at 2744
Support is at 1899
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 1899
Next Resistance is at 2360
Support is at 1581
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 1701
Next Resistance is at 1899
Support is at 1378
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 1378
Next Resistance is at 1701
Support is at 1044
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 1190
Next Resistance is at 1378
Support is at 1011
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 1011
Next Resistance is at 1190
Support is at 830
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anand Rathi Wealth LimitedANANDRATHI:- The stock has given a breakout by forming a rounding bottom pattern, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Anand Rathi Breakout after good quarterly numbers1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after posting quarterly sales growth of 60%, quarterly profit growth of 257%, TTM sales growth of 53% and TTM profit growth of 181%, NSE:ANANDRATHI has given a high volume breakout today. Buy with a stop at rupees 610.