BSE is moving up with good volumesNSE:BSE is moving north with good volumes and seems like it should be showing 800 soon.
BSE
Nifty FMCG OutlookSomeone recently left a comment on my post saying Nifty FMCG is bearish.
Let me tell you the reasons why Nifty FMCG is Bullish and no way bearish.
Here are the reasons :
1) Weekly Timeframe is bullish
2) Daily Timeframe has test it's recent demand zone and also has created bullish price action reacting to the demand zone.
Pro Tip : Always look for higher timeframe bias and structure of the market and not alone candlestick patterns
So, Nifty FMCG is bullish.
Dabur SwingWeekly Timeframe is bullish
Daily Timeframe has tested it's demand zone
4HR timeframe also has bullish structure
Nifty FMCG is also on bullish trend
Bluestar CompanyStock is at all time high
Weekly Timeframe is bullish
Daily Timeframe has tested it's structure
4HR is also bullish
GPPL SwingWeekly Timeframe has made a good base
Daily Timeframe has tested the demand zone
4HR timeframe is also bullish
Kalpataru Project Int Ltd SwingWeekly Timeframe has created a good base
Daily Timeframe is testing base with pullback
4HR timeframe has also has bullish structure
BSE BREAKOUT COMING SOONBSE stock trendline breakout expected in weekly time frame. Watch and enter the stock.
Bayer Cropscience SwingWeekly Timeframe is bullish
Daily Timeframe has tested daily structure
4HR is in bullish structure
Nifty Midsmall cap is bullt
Hero Motocorp Weekly Timeframe is Bullish
Daily timeframe has tested the demand zone
4HR structure is also Bullish
Auto index is also bullish
Tata Steel Swing1) Weekly Timeframe is bullish
2) Daily Timeframe is also bullish
3) 4HR is in bullish structure
4) Metal Index is also bullish
GENUS POWER - GETTING GENIE POWER?Genus power has been setting up a solid setup wherein the stock has given breakout in April 2022 after almost 14 years and since then consolidated for over 1 year to form base. Now at cmp this has started getting fuel to run further.
Targets of 145-160 are unfolding in it.
Reliance SwingWeekly timeframe has tested weekly structure
Daily and 4HR timeframe has the same demand zone and it has tested it
Reliance is ready to fly
Grasim SwingWeekly structure is bullish
Daily timeframe has tested it's demand zone with positive feedback
4HR has shifted to bulllish structure
Hindalco Industries SwingHindalco Swing can be taken for following reasons :
1) Weekly Timeframe has tested it's demand
2) Daily Timeframe has tested it's structure
3) 4HR has switched to its bullish structure
BHEL Swing1) Weekly Timeframe is bullish
2) Daily Timeframe structure is tested
3) 4HR has tested it's structure and created a bullish candle as confirmation
Force MotorsWeekly timeframe is Bullish
Daily timeframe has also tested
4HR timeframe is also bullish
Prataap Snacks LtdYou can buy these snacks for following reasons :
1) Weekly Timeframe and Daily Timeframe have both tested structure
2) 4HR has tested it's structure and printed bullish candle as confirmation
3) All Timeframe is aligned
Shankara Building Swing1) Weekly Timeframe is bullish
2) Daily Timeframe has also tested structure
3) 4HR has also printed bullish candle as confirmation
South India Bank Swing1) Weekly Timeframe has tested it weekly structure
2) Daily Timeframe has tested daily structure and filled the gap
3) 4HR Timeframe is also bullish
All timeframes are in alignment of each other
Astec Lifesciences SwingStock can be taken for following reasons :
1) After a good selling climax. Stock has found support consolidated and broken to the upside indicating bullish momentum
2) Weekly and Daily structure are aligned and tester
3) 4HR entry timeframe is also bullish
HCC SwingHCC Swing can be taken for following reasons
1) Weekly Timeframe is Bullish
2) Daily Timeframe has tested structure
3) 4HR timeframe also turned into bullish structure
Power of 25, 75, and 125-Minute Timeframes in the Indian MarketSelecting the right time frame for technical analysis is a crucial decision for any technical analyst. In the Indian market, the trading session lasts for 375 minutes, starting from 9:15 AM and ending at 3:30 PM. While many traders commonly use the 30-minute, 1-hour, and 2-hour time frames, these intervals often result in incomplete candles, which can distort the accuracy of the analysis. Instead, opting for the 25-minute, 75-minute, and 125-minute time frames can provide more complete data, leading to more informed trading decisions.
Drawbacks of traditional time frames:
When using a 30-minute time frame, there are 13 candles formed, with the last candle representing only 15 minutes of trading. This disrupts the technical analysis process. By switching to a 25-minute time frame, traders can overcome this issue and work with 15 complete candles per trading day.
Traditional 1-hour time frames produce 7 candles, including a final 15-minute candle, which interrupts the smooth flow of technical analysis. By adopting a 75-minute time frame, traders can obtain 5 complete candles, offering a more comprehensive perspective on price movements.
Instead of confining analysis to a 2-hour time frame, which results in an incomplete final candle, traders can harness the power of a 125-minute time frame. With 3 complete candles per trading session, each representing a 125-minute interval, a more comprehensive understanding of price dynamics can be achieved.
Benefits:
Enhanced accuracy in analysing price action, as each candle represents a complete interval of 25, 75, or 125 minutes.
Reduced gaps in price action, as each candle becomes a complete unit of time.
Clearer depiction of trends with fewer distractions from incomplete candles.
Improved visibility of trends, as each candle provides a more representative snapshot of the price action.
A more holistic view of the market, aiding in the identification of key support and resistance levels. If you utilize concepts like RBR, RBD, DBR, and DBD, it is recommended to use these time frames, as the presence of an incomplete candle can inadvertently impact your analysis. You may mistakenly consider the last incomplete candle as a base or leg candle, which can affect your overall analysis.
Conclusion:
In the Indian stock market, precision and accuracy are vital for successful trading. By embracing unconventional time frames like 25 minutes, 75 minutes, and 125 minutes, traders can enhance their technical analysis capabilities and gain a competitive edge. Although these specific time frames are available through TradingView's paid plans, traders without access can still utilize traditional time frames. However, it is essential to recognize the limitations and potential disruptions caused by incomplete candles. Embracing the power of these alternative time frames unlocks a clearer and more comprehensive view of the market, empowering traders to make confident trading decisions.
This article is written by Afnan Tajuddin with the aim of encouraging Indian traders to adopt powerful timeframes commonly used by professional traders, to enhance their technical analysis skills.
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Thank you for reading this educational article.
