Bullish Patterns
WHY NIFTY WENT UPWARDS SO MUCH ON THE MONTH OF APRIL
Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way
Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again indicating strong reversal
Nifty Futures AVWAP Chart AnalysisAttached: Nifty Futures Daily Chart as of 24th April 2023
SELF EXPLANATORY Chart (all the different colored lines are Anchored VWAPs)
Price has closed above AVWAP from 13th April High (recent Swing) and is all set to head higher from here for POC @ 17900 (Volume Profile concept)
TCS Long: Double Bottom & RSI DivergenceNSE:TCS is trading at its important weekly support level.
On Daily chart it has formed kind of Morning Star Candlestick Pattern & Double Bottom Price Action Pattern.
Positive RSI Divergence is also seen.
Volume is still rising, which suggests that there is more upside potential for the stock.
Support- 3100
Resistance- 3275/3400/3575
BTC Is In No Trade ZoneBTC is Long in High Time Frame but in 4h or 1Day it was in Distribution Zone Accounting to me BTC will Take a Retest of Down Down and Hunt the Stoploss After that it Makes a New High for this year... So, Wait for the Retest and after that Wait for the Confirmation Candle Than Enter the Trade …
Manappuram Finance | Long | CMP 110.40Manappuram Finance CMP-110.40 Dated 6 March 2023
1. Trendline fake breakout
2. Increased buy volumes
3. MACD , Stochiastic RSI crossovers
4. Recent buy by SBI-Mutual Fund
Target1- 125.65
Target2- 140.95
SL - 100
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
GLENMARK- Relative Strength says Buy!Attached: Glenmark/ Nifty 50 Weekly Chart as of 31st March 2023
This Relative Strength (Ratio) Chart clearly shows the Outperformance of Glenmark over Nifty 50 has Started!
The Ratio Chart has given an Inverted Head & Shoulders Breakout with this Week's Candle Close
If you compared Glenmark and Nifty 50 both on a Year To Date basis for 2023, then we get:
Glenmark= Up 9.56% YTD
Nifty 50= Down Down 4.12% YTD
What this Means is that:
Going forward expect Glenmark to keep Outperforming Nifty 50
Your Money is better off Invested in an Outperforming Stock instead of Index Nifty 50
Glenmark Pharma can be one of the Leading Stocks for 2023
This has clear BULLISH Implications for the Stock Price
.................
Refer to my Related Ideas to see the Analysis of Glenmark's Price Chart which also has Bullish Implications like this Ratio Chart
SILVER- Relative Strength says Buy!XAGUSD
Another Bullish Signal for Silver🥈
Attached: XAGUSD/ Nifty 50 Weekly Chart as of 31st March 2023
- This Relative Strength Chart indicates that the Outperformance of Silver over Equity (Nifty 50) has started 📈
-It is similar to the Signal on Gold🥇 that I had shared on New Year's Day and you can see how fabulously well that Gold Buy Signal played out for us ‼️
- Expect the same for Silver as I have been saying that Silver has to catch up with Gold
So if Not Already in Silver,
Get In As Soon As Possible or you will miss the Move 🚀!
Note:
In my previous post on Silver, I highlighted an Inverted Head & Shoulder Breakout BUY SIGNAL
Since that post, Silver is up 6.60% and counting....