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WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead. Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels Stocks to watch for positional view MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268 INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271 Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970 Stocks for Swing are SIEMENS SL Below 3000 tgt 3240-3320 SBIN SL below 575 TGT 610- 628 HAL SL below 2430 TGT 2564 - 2620 Previous Week Positions. LT -- TGT achieved mphasis stoploss triggered ABCAPITAL --- still open TGT 170+ SL below 138 TATACOMM ---- Still Open TGT 1460 SL below 1310 Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
NSE:BANKNIFTY1!
by rajivrajeev
FACT - UP Side movement FACT is closing the current week with, Weekly High is equal to 3 Week back High. Today volume is akso highest in the month on Daily basis. Trend Changed to +ve Today. Crossed Weekly and Monthly Pivots upside Close is above 20 SMA on Daily, Weekly, and Monthly time frames. Monthly & Weekly trend Changed to +ve RSI- Monthly:56.2 Weekly: 53.2 Daily: 61.3 Crossing Weekly high and if sustained - we should be seeing 144 levels in quick sessions. Add to the watch list and trade as per your research.
NSE:FACTLong
by rvc8280
SWANENERGY - BO with High volumeSWANENERGY -- Crossed trendline, BO with High volumes. Add to watchlist. 2022-10-31: Volume is highest in the current Month. Trend Changed to +ve Today. Also, close crossed Weekly and Monthly Pivots. Close is above 20 SMA on Daily/ Weekly/ Monthly time frames. The monthly and Weekly trend changed to +ve. Also, VWMA on the Daily time frame crossed the Weekly upside. 2022-11-04 : Normal NR7 2022-11-08 : Normal NR7 2022-11-09: Close cross Weekly and Monthly Pivots Upside. Monthly RSI: 57, Weekly:51.4 Daily:54.7. Today Normal NR7 - Breakout 2022-11-12: Volume is highest in the past 6 Months. Close crossing 4 week High, Cross M Piv upside. Bullish Engulfing RSI- M:60.6 WK:59.5 D:69.3 1.1 VWMA on the Daily time frame crossed the Weekly upside. Add to watchlist.
NSE:SWANENERGYLong
by rvc8280
MARUTI - Watch above 8300After a recent fall from 9870 to 8082 levels - Maruti is showing a bounce from the support line. If sustain the momentum - we should see 8474 and then the next 8722 levels in short term. Currently - we see a crossing 8300 - and based on AB=CD harmonic pattern - if the market trend supports - we should see the breakout of the short-term trendline. This will give us 8300 JAN CE trade opportunities. Can think of long-term only above the trendline. Add to watchlist
NSE:MARUTILong
by rvc8280
Long term vision for D-MartAvenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be. Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on. Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over. Expecting a fall from here of ~10% in the weekly block. Expecting it to run to new highs in the coming year. A gain of over 90% is what I aim for if we get to buy in low 3400s NFA--DYOR--GL
NSE:DMARTLong
by Degengambleh
Bannari Amman Sugars LimitedBANARISUG:- The stock has formed a head and shoulders pattern and has given a breakout and is moving back upside after retesting. Keep an eye on it. 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.
NSE:BANARISUGLong
by AjayDhakad_Keep_it_simple
Market Recession indication - for education purpose only.Alert and Caution: Crude oil broke its low level 6240 (INR) .. heading to reach low 4700 (INR) levels before 26th Dec 2022. Indicating recession phase started in sluggish Industrial and Manufacturing sectors,,, Indicating No demand for New Products due to Global Inflation impact. All global markets will follow downward move along with Crude Oil fall till end of this year i.e., 26th Dec 2022. Disclaimer: this information is shared for education and analysis only not for trading
MCX:CRUDEOIL1!
by Uppada_Raghukumar
IRCON - 3 Years Breakout IRCON organization is into Construction Business - covering construction activities and services in the infrastructure sector. Railway and Highway Construction, EHP sub-station (engineering and constructions), and MRTS are the core competence. 2022-11-08 : Volume is Highest in 6 months 2022-11-14 : Volume is Highest in 6 months , Close crossing 4 weeks HIgh and also crossing Weekly pivot 2022-11-23 : Close crossing 4 weeks HIgh and also crossing Weekly pivot Weekly close is Highest in past 3 years. Add to watchlist -
NSE:IRCONLong
by rvc8280