Nifty Bottom Forming? “Be Greedy When Others Are Fearful”Hello Everyone, i hope you all will be doing good in your life and your trading as well. Let's discuss about nifty and analysis some next move.
Guy's after a sharp correction in Nifty, signs of a potential bottom are finally emerging. Yesterday’s price action, supported by strong volume and the appearance of an Abandoned Baby candlestick pattern , indicates that we might have witnessed a key reversal day. The price held firm near a crucial support zone, and with most stocks near 52-week lows, we could be staring at a solid bounce opportunity.
This is exactly when smart money starts accumulating — when fear is high and hope is low. A price rally towards the upper channel resistance looks probable, provided Nifty sustains above the breakout zone.
echnical Highlights:
Reversal Signal: Formation of Abandoned Baby pattern near support
Volume Spike: Indicates possible institutional buying near bottom
Support Zone: Price reversed from key area, aligning with earlier channel lows
Resistance Target: 23,200-23,300 – upper boundary of the falling channel
Market Outlook:
With the broader market showing deep corrections across sectors (some 30–35% down from highs), this zone could be a powerful accumulation range. From Banking, Pharma, Chemicals, to IT and FMCG , many sectors are offering long-term value. As global sentiment improves and short-term panic fades, we may see Nifty lead a recovery move supported by sector rotation.
Rahul’s Tip
Bottoms aren’t confirmed by green candles alone, but by conviction + price behavior near support. Stay calm, follow structure, and let the chart do the talking.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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Bottomformation
Aarti Industries Bottom FormationChemical companies are bottoming out and there are clear signs of reversals here. NSE:AARTIIND even after poor results gave a strong move. However, I would prefer to buy only when the lower high formation gets broken. In this case that is above the 535 level. Keep this and other companies of this sector on your radar. Can be an end to a big correction.
#RouteMobile candidate for reversal #RouteMobile showing highest volume after July'21 and ready for breakout. Wait for close above 1350.
ROute hase formed a base in the range of 1070-1270 and now ready to move above this range with very good weekly volume.
Route Mobile also showing good quaterly results and now cheaper stock in this space after good correction from the peak price of 2390
Can be added for 20-30% upside fom here.
Nykaa May Bottom Out HereNykaa has been continuously falling ever since its listing at a very over priced valuation. Everyone was bullish on it back then but no one thought about the risks that would be there if one were to get in at such a high valuation. Well past is in the past and now there are chances that this share might bottom out here. Wait for a reversal before buying.
Evexia Lifecare - Possible Bottom formation Looks like an interesting play on catching the bottom. Heavy volumes were seen in the last couple of months while it corrected just about 20%(the decline from 136-110). That is a strong indication of accumulation by smart money. Already at a key S/R Level. RSI divergence is evident over the last few weeks. Wait for a closing above 124 to be doubly sure. Can easily give a Risk Reward of 4-5 (or even much more than that, if held with patience)
Some positive factors on fundamentals:
Market Cap ~ 700Cr
Negligible debt.
Fundamentals are turning around.
FIIs have increased stake since Dec.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Daily chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
LIC HOUSING FINANCE: CUP & HANDLEThis is where a cup & handle would have more significance -- At the bottom of a downtrend.
The price decisively crossed the neckline near 490 and is pulling back for a retest.
A hold near the neckline may push the price towards 587 and later 794.
Just notice how the C&H target coincides with the prior highs.
Regards
JJSingh