Nifty Prediction for coming days April 4th 2025A Big IF is because we are talking about probability here as the pattern is not yet shaped to its prime.
Lets Understand the Inverted Head and Shoulder Pattern
Left Shoulder : After a downtrend, the price of the respective asset makes a low and then rallies to a higher point, forming the left shoulder.
Head : Following the formation of the left shoulder, the price declines to a point lower than the left shoulder and then rallies again, forming the head.
Right Shoulder : Finally, the price declines again but not as low as the previous decline or the head, and then rallies one more time, forming the right shoulder. The right shoulder is typically roughly equal in depth to the left shoulder.
Neckline : A trendline is drawn connecting the high points (or "peaks") after the formation of each shoulder and the head. This line serves as a level of resistance that the price must break through to confirm the pattern.
Lets not get in to the Psychology part. you can find many around.
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To Our analysis of nifty for the coming days we can see the same pattern on the chart above.
1st Trade : Advanced Users
If price takes support at around 22800 - 22750 and If you are good in reading volume find reversal to neck line and beyond if you can.
2nd Trade :
If You see price breaking the neck line with good volume (Volume greater than volume average and or greater than previous 3 or 4 candles in Daily Timeframe, Target Is shown on the Chart Nearly All time High.
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One can see that i have plotted FIb Ext on the chart, That clearly shows that the target of this Inverted H&S is absolutely at around 1.618 of FIb Ext.
One can even Consider this as Elliott Wave 3rd wave (I'm not a master in Elliott wave so correct me if i'm wrong)
Note.
A simple Yet powerful Patter so wait for the pattern to unfold for better results.
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Monthly Nifty
In the above Picture You can see Monthly Nifty Chart. Which clearly shows that retracement is done and took support at Moving average. Formed a kicker pattern Which is my fav pattern for reversal. Now a retest of Last month candle Mid we can expect a reversal from there. That's where the market closed today. So rest you need work on your analysis. Good Day and Have a nice weekend
Bestsignals
JAGRAN for Swing Trading 🚀Greetings traders! 📈 Today, I'm thrilled to present an intriguing setup on JAGRAN, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup:
📈 Setup: Positional Breakout With Volume
🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential.
📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum.
📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators.
Stay tuned as JAGRAN gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques.
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Jaiprakash Power(JPPOWER) Stock Targets 10.90 and 11.95The current price stands at 9.90. After conducting a three-week analysis, I've identified a promising trade opportunity for Jaiprakash Power Ventures Ltd (JPPOWER) stock. My evaluation indicates two potential profit targets: the first set at 10.90 and the second at 11.95. It's crucial to establish a clear stop-loss level to effectively manage risks.
Trade Idea: Consider taking a long position on JPPOWER stock for a three-week period, with the first profit target set at 10.90 and the second at 11.95. Implement a well-defined stop-loss strategy to manage risks effectively.
1st Target --> 10.90
2nd Target --> 11.95
Best regards,
Kambi
Buy AEGISCHEM Above 399"Delivery Idea 30-12-99
AEGISCHEM (CMP: 401.95)
Buy Price: 399
SL Below: 386
Target: 419"
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PROS
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Promoter holding has increased by 3.02% over last quarter.
CONS
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It is trading at all time high.
This stock is technically ready to move upside volumes are high.
As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell.
I am not SEBI registered.
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PROS:
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
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Debtor days have improved from 52.6 to 38.8 days.
Finally My view as technical analyst :
This stock is technically ready to move upside volumes are high.
As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell.
I am not SEBI registered.
Best Stocks for swing tradingHCL's main products are 1) Continous Cast Copper rod, 2) Copper Cathode, 3) Copper Concentrate.
1)Copper Sulphate, 2)Sulphuric acid, 3) Anode Slime, 4) Nickel hydroxide, 5) Reverts are its By-products.
PROS:
Company has reduced debt.
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Company has delivered good profit growth of 43.4% CAGR over last 5 years.
CONS:
Stock is trading at 6.04 times its book value
The company has delivered a poor sales growth of 8.64% over past five years.
Company has a low return on equity of -2.26% for last 3 years.
Company might be capitalizing the interest cost.
Promoter holding has decreased over last 3 years: -9.91%.
Finally My view :
This stock is technically ready to move upside volumes are high.
As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell.
I am not SEBI registered.