Whats Next in Nifty after biggest fall.NSE:NIFTY
#NIFTY50 DAY Chart Analysis for 05- JUNE-24.
📰BJP is unable to form a stable clear majority government, so there will be an impact on markets 📰
👉Perfect Handling of markets before elections and Glitch in CDSL it was so perfect and flawless, after that massive fall by 5.93%.
🔹View: Biggest fall seen yesterday and still it is not in a mood for V shap recovery. So lets analyse in detail.
TECHNICAL ANALYSIS
👉INDIA VIX :- 26.74 ( V. High )
👉PCR :- 0.52 ( Decreased)
🔹Structure :- 1 year range breakout on Monday became a 1 year gain erosion on Tuesday.
👉Price hit around 200 EMA after 7.5 months.
🌐GLOBAL:-DJI& Nasdaq close slightly bullish. 📰
🌐GIFTNIFTY:- 90 Points Plus.
👉OI:- Immediate resistance 22300 after that Heavy calls Written at 22500 followed by 22500 make a strong resistance for Nifty.
👉FII DII:- Both sold Heavily.
⚡️⚡️OUTLOOK:- will remain in range for some days if not fallen instantly below the mentioned zone on chart.
Detailed analysis on chart Study it and mark levels on your chart
Keep Learning,
Happy trading.
B-market
Avenue Supermarts Ltd - DMART - Positional TradeDate : 8-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,806.75
Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577
SL : Rs. 4,450 on daily close basis
Technical View:
• NSE:DMART is in its primary uptrend and was going through it's secondary downtrend.
• After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, NSE:DMART has started the upward journey.
• After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024.
• RSI is trading at 65.32 and MACD is trading at 84.74
• Looking strong from here on.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Long opportunity in DMart There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200.
--This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
Nifty Prediction and Bank Nifty Analysis for Monday 19 Feb 24n this video, we dive into a detailed analysis of Nifty Prediction and Bank Nifty, discussing the current market trends, technical indicators, and potential future movements. Join us as we break down the data and provide insightful predictions to help you make informed investment decisions in the stock market.
🔴Disclaimer: This information is solely for Education Purposes only and to provide information and is not intended to give any advice. Please consult your financial advisors before making any decisions. Stock Market investments are subjected to market risks.
⏺In this video, we'll give you a Nifty Prediction and Bank Nifty analysis for Monday, 19 February 2024.
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NIFTY50 BEAR TREND STARTEDGreetings everyone,
I am of the opinion that either the NIFTY50 or the entire market is entering a bearish trend. Starting from today or possibly in the upcoming week, it seems likely that the market will commence a downward trajectory. This projection is based on two potential factors:
Observation of a Head and Shoulders pattern.
The breach of an important support level.
Key Levels:
Entry Range: 19200-19250
Stop Loss: 19600
Target 1: 18900
Target 2: 18600 (There is a considerable chance of attaining this target.)
Target 3: 18200
Strategies to Consider:
For those involved in options trading: Consider a small hedging strategy.
For those engaged in futures trading: Implement a strict stop-loss strategy.
Important Note: Make risk decisions in line with your available capital. It is strongly advised to refrain from trading with borrowed funds or your entire savings, drawing from personal experiences.
Trident Breaks Above Support - Time to Go Long?echnical Analysis Update (18 January 2024):
Trident stock has found strong support around the 43 level, as we anticipated in our previous analysis. After a brief dip below this zone, the price has bounced back convincingly, signaling a potential bullish reversal.
Bounce Confirmation: The recent price action shows a clear bullish engulfing candlestick pattern, confirming the rejection at support and suggesting further upside potential.
Entry: Consider entering a long position above the immediate resistance level around 43.50 to 44
Stop-Loss: Place a stop-loss order below the support level at 43 to limit potential losses.
Target: Potential upside targets could be near the recent swing highs around 61 or higher, depending on market momentum
Remember:
This is not financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
Market conditions can change rapidly, so be sure to monitor the stock closely and adjust your trading plan as needed.
Nifty Prediction and Bank Nifty Analysis for Friday 19 January 2🔴Disclaimer: This information is solely for Education Purposes only and to provide information and is not intended to give any advice. Please consult your financial advisors before making any decisions. Stock Market investments are subjected to market risks.
⏺In this video, we'll give you a nifty prediction and Bank Nifty analysis for Friday, 19 January 2024.
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SHILCTECH READY FOR ANOTHER ROUND 🎯#SHILCTECH SHILCHAR Technologies Limited
The Week gonna be interesting. As it formed doji candle on daily chart.
Constantly rising profits last 5 years.
From 80-140% upside is possible in next 2-3 years.
View - HOLD. Trailing stops with 20-50MA.
Can be aaded more above 2900 IF CLOSES ABOVE this on WEEKLY chart.
Hope this helps.
Thanks for being here. 😊🙏
WELSPUNIND | SWING TRADE | BULLISH MOMENTUMWELSPUNIND | SWING TRADE | BULLISH MOMENTUM
CONFIRMATION FACTORS
1) Pole and Flag formation
2) 20/200 EMA Crossover
3) Market structure breakout and good consolidation happening
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