The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support.
It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price.
This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value.
Again, bullish...
Cipla CMP 880 - one of the three top weighted stocks of nifty pharma contributing 12.4% followed by sunpharma (26%) and Dr. Reddy Lab (13%).
After heavy correction from all time high of 1185 right now its trading near 880 levels on 03/03/2023.
One little bounce of 5% can be seen from current levels of 880 , till 920. But the quaterly demand zones lies at 810...
HDFC First High @1724.30 on 04APRIL22
HDFC Second High @1702.00 on 24JAN23
I can see three possibility.
1. Price will go up near @1702.00 and breakout! or a Rejection.
2. Market will mitigate the box and down that means SHORT.
3. MAYBE NEW HIGH BETWEEN @1724.30 & @1702.00
CORRECT ME IF I'M WRONG!!!
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
If you love my analysis Like And Share wherever you want..
Strengths -
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with...
Nifty 50 has format head and shoulders and turn on daily timeframe also retesting previous trend line on last trading day of first week of March if recent bottom of 17,300 is broken then we can see damage towards towards 17,000 and 16,500 in upcoming days.
Once investor should book profits on index and wait for the value buying at 12,500 to 13,500 feet price...
Please Read my commentary on Chart
Natural Gas - With Bullish COT repots, NG has now the potential to touch 4.4 in coming weeks and months. I will be looking for "Buying Opportunities" on 240/60 Mins TF
If Daily closes above 3.1 (On Friday, it just missed that) it will give additional strength to this view
Well the day did not go as planned for me, if you have read my yesterday's report you might be cursing me by now.
I was pretty bearish, atleast that was what the 1hr chart told me. So when NSE:BANKNIFTY opened gap up at 40671 i thought the first resistance at 40698 will hold.
After a while i thought 40868 resistance might hold - and here is where i got the...
Expecting to create accumulation cycle and is going to break up to weekly distribution trend
on the bottom side weekly trend was hit and held. Long term daily downtrend is distributing. Now weekly uptrend is held and trying to create long term accumulation cycle. Long term target might be 91. But we might once again retest 77 price level which 85 level can hold...
As per the setup it is likely to break a weekly range but testing a higher range might be a Big short for Bitcoin #BTC. Traders don't expect another bull run for a longer accumulation cycle since Bitcoin didn't cycle through enough timeframe to start a longer accumulation cycle.
Here I am giving the future possible behaviour of Nifty 50.It is in downtrend on higher timeframe so it will match the higher timeframe anyhow according to the algorithm, lets see how how it goes according to this idea.
TIME FRAME - 15 MINS CANDLE CLOSE
As long as price is above orange trendline on, Market is under bulls control.
Below Orange trendline is bears.
Above red trendline we will see short covering,
Blue trendline is a strong support , if broken more fall
Price above Deep blue trendline is super bullish /over sold zone
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
