Bank Nifty - 03 July 2023In last YT video I had clearly explained regarding Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
ATH
Nifty 50 - 03 July 2023In last YT video I had clearly explained regarding Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
LGBBROSLTD headed for 4 digits +Attached: LGBBROSLTD Daily Chart as of 20th June 2023
Today Price gave a Clean Strong Volume Breakout making New ATH and signaling that the Blue Sky is now Open for Price to precisely breach past the 4 digit aka 1000 level mark !
- Past few candles have strong Volume buying and the Base from the Price has taken off is also well within what you may call Accumulation based on the Volume patterns
- Ichimoku System also gave a Super Bullish Buy Signal today
- Price is Trending up within a Channel which is visible when you Zoom out on the Weekly TF and so it is a clear case of Higher Highs and Higher Lows as per Dow Theory Up Trend
PostMortem on BankNifty Today & Analysis of 30 MAY 2023 FinNiftyYesterday's high of 44483.35 broken today, the new ATH is now 44498.6 thanks to the last 2 5mts candles of today. Banknifty is now in some real good form - not planning to retire any time soon. Would have got some inspiration from MSD from the IPL 2023.
The opening was not that exciting, we even fell in the first 5mts to hit an intraday low of 44207.5. But again no intention to hit the first support at 44068. From there the price action was flattish.
In the opening minutes, I felt Nifty50 to be more promising of a bull run today vs banknifty looking at the options data and the credit spreads getting written at PE.
But Nifty's momentum faded out after 10.15, nevertheless it also ended the day in green but just ~ 250+ points to reclaim the ATH.
The run in Indian stock markets has been nothing short of surprising, even with the currency devaluation our markets has continued to outshine for the domestic investors. I am really worried about the foreign investors - are their Indian portfolios still in green?
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15mts TF shows strength today as the gap up of yesterday's was not broken. The momentum is favoring the bulls. As long as the gap-up level holds the bulls will continue to keep their position alive as it will be in profit.
If there is a deeper cut, these bulls should run for cover creating a small fall even lower than the recent swing low. For that to happen we need some news/event trigger because as it stands now - its euphoria.
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1hr TF also shows strength, same reason - the gap being untested. Also the 5 candles of consistent green today - something you dont expect after a big rise.
Might be the news of ATH getting taken out would have hit the media and new participants would have entered the markets (the volume does not say so)
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FinNifty expiry Special
CNXFINANCE also hit a new ATH today 19636.9. The rally of 117pts coming after 14.00. Of which 60% of the pts coming after 15.05. Market makers & Big Boys have a new system to rally or break the markets after 14.30 these days causing minimal impact to the options premium.
But one exception would be the 19600 CE Finnifty that went up a whopping 2835% between 15.05 to 15.10. Price wise a rise from 0.5 rupees to 14.85 rupees. Finally it settled at 6 rupees.
Again a perfect example of how options trading can reward the knowledgeable and the person who acts on that.
to see all 6 charts of today visit viswaram. com
BN Spot Chart for 19 May23 BN Spot made a High 44147.70 missed ATH intentionally by 0.1. Lets celebrate the fall.
Everything was mentioned treating as Wave 5 Top.
Corrective Wave C- Minimum Target of 43444 to 43365 must come before 13:15 Hrs 19-May-23.
This is my Second Idea. Hope the Charts answers the right .
Cheers!!!! NSE:BANKNIFTY
This global IT solutions provider is about to hit ATH!This global IT solutions provider is about to hit ATH!
NSE:SONATSOFTW
Strengths:
• Strong growth in Digital and Platformation segments
• Diversified customer base and long-standing client relationships
• Robust demand environment and optimistic outlook for the future
• Differentiated Platformation and Lighting tools framework for competitive advantage
Weaknesses:
• Declining revenue in the legacy business
• Slow recovery in the travel vertical
• Lag cycle in IT investment affecting growth in some segments
• Dependence on key clients for a significant portion of revenue
Opportunities:
• Increasing demand for digital transformation and cloud adoption
• Growing importance of data analytics and AI/ML technologies
• Potential for expansion in international markets
• Opportunities for strategic partnerships and acquisitions
Threats:
• Intense competition from larger and established players in the market
• Economic and geopolitical uncertainties affecting customer spending
• Rapidly changing technology landscape requiring constant innovation and adaptation
• Risks associated with data security and privacy
Sonata Software appears to have several strengths, including strong growth in key segments, a diversified customer base, and a positive outlook for the future. However, the company also faces challenges such as declining revenue in the legacy business, slow recovery in the travel vertical, and dependence on key clients for revenue. While there are opportunities for growth in digital transformation and international markets, there are also threats from intense competition and economic uncertainties.
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Mahindra CIE.At multi year resistance, if it doesnt break these levels with volume and a retest, exit it completely. will wait for comfortable volume profiles.
GOKEX For long term
#GOKEX
Gokaldas exports
Added for long term portfolio.
Having reputed customers like customers like GAP, Walmart, JCPenny, Adidas, H&M, Mark Spencer, Sanmar, Puma, Old Navy
Past 3 quarters have been good.
This qtr nearly doubled.
Although, Today and prev trade day candle have shown too much strech, hence, better to add light position.
Also, broader marked seems to be overall weak.
So adding pilot position for long term WITH SL AT 390 DCB,
will add more in consolidation or retracement to demand area 330~340.
#vr
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalGUJARAT ALKALIES
Stock recently give Darvas Box breakout & after testing its recent high now retracing
Buy near 950-955
SL 880
Positional targets 1100/1150/1200
PARTIALLY PROFIT BOOKING STARTS FROM 1000
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Nifty all set to form a new All Time High?Nifty on the logarithmic chart, seems to be in a strong long term trend. The previous correction, which undoubtedly instilled fear in the minds of almost all investors evidently appears to be so small & relatively weak as it failed to touch the previous all time high. This insinuates that Nifty is headed to form a new High!
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalINDIAN HOTELS
Stock after correcting from recent highs, taking good support from 50% fibo level &
Stock currently trading at its ATH levels,
Watch out for breakout above 237/240 levels, if sustain on closing basis
Then good opportunity for 5-10% move
Also can be kept in watchlist for Intraday breakout on Hourly Closing basis
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
TCS - Trading at Previous high, potential targetPrice trading near the previous high, as discussed CNXIT is about to break the previous high these IT stocks should be the potential targets for the traders.
One can wait for the breakout from the previous high or get it on when there is a retest of the breakout level !!!