Gold continued to show a volatile downward trend today, continuing to fall after breaking through the previous high-level support on the 4-hour chart. The K-line is basically close to the short-term moving average, showing a relatively obvious downward trend of shock. There is almost no sign of a strong rebound during the session, and there is no signal of a...
Tata Motors is making a Triangle Pattern at Daily Chart, made a Hammer Candle on 19april. Following the 9EMA rule, probability of going up and touching 1035 in a few days. Now 944 has became a Support from Resistance in feb 2024. For my learning and digital records purpose only.
Sell gbpusd at price 1.25581 Sl 1.25750 Tp 1.24100 Lot size recommended 0.01 This is institution entry and i know where big institution enters so open a sell trade and thanks me later
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 14-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22280 may...
At a very good support level here at 33000. Today's low can act as support for the index in near term. If it breaks and closes below in daily TF, we can short IT undoubtedly but with today's candle low as SL, we can trade long for now. With minimum risk, we have max upside potential from here if market stays green & obviously sector remains positive.
Before moving ahead, I would like to clear why I am posting these sector analysis instead of stock analysis is because for taking any trade I first look at broader market first, i.e. Nifty & BNF and its trend. Then I do sector analysis, for example sector which is trending or showing good momentum or support, and then do multiple TF analysis. Then I take a stock...
Before moving ahead, I would like to clear why I am posting these sector analysis instead of stock analysis is because for taking any trade I first look at broader market first, i.e. Nifty & BNF and its trend. Then I do sector analysis, for example sector which is trending or showing good momentum or support, and then do multiple TF analysis. Then I take a stock...
One sector which can outperform the market if it stays bullish is Nifty PSE definitely. Although, the public sector stocks have given good run up till now, but if market supports, this index can reach new ATH as its stocks are highly bullish even after negative trend for the past 8 trading sessions. It is taking support from lower levels and constantly trying to...
Lupin LTD Lupin has a potential to break above 1700 and can show strength above that. Lupin has a potential to go up to1820 to 1849. Keep Stoploss at about near or below 1613
Date : 13-May-2024 Rating : Buy - Positional Trade LTP : Rs. 597.30 Targets: (1) Rs. 640 --> (2) Rs. 680 --> (3) Rs. 724 SL : Rs. 545 on daily close basis Technical View: • NSE:ICICIPRULI is in its primary uptrend and is currently going through it's secondary uptrend. • After re-testing the current secondary uptrend line on 29-Apr-2024, It has again...
Nifty Auto retesting the breakout on Daily TF. Taking support from the levels. Stocks like Hero Motorcorp, Tata Motors, etc. are in good uptrend. Although, Tata Motors fell 8% today because of Q4 results it posted on Friday. But still the other stocks gave good recovery from lower levels in the index along with the broader market index. If it stays positive and...
Nifty PVT Banks have turned here too. Market has to have financials support if it has to move up. Similarly, if it has to move down, it should have support from the major banks of the indices, as they have huge weightage in both Nifty and Banknifty. This index has also taken support here at trendline same as market indices. We can see a pullback now up to 24093...
BankNifty Analysis - Stance Neutral ➡️ Just when we thought the 47465 was getting broken for good, we got a pullback. We fell 527pts ~ 1.11% by 10.39 and then the pull back was a whopping 858pts ~ 1.83%. The final close was almost the midpoint of 48115 and 47465 which prompted me to change the stance to neutral for tomorrow. The bulk of the heavy lifting came from...
Please consult your financial advisor before investing All research for educational purposes only. Stock is ready to cross past barriers with good volumes
Nifty FMCG broke out of falling wedge pattern on 25th April 2024. Its consistently positive since then, it made highs of 56100-200 levels post the breakout. Its trading near its support levels now, can see continued upmove uptill recent level of 56200 and then 57500+ are the ultimate targets it can show as the stocks show positive momentum in the index like HUL,...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "On the 63mts TF, the bearishness continues. The next target of 21913 is still in our watchlist and if we fall below that - the real action begins." The day took me by surprise, not with the inline opening and a 248pts ~ 1.12% downward fall, but the reversal of 310pts ~ 1.42%. The downside was in the cards,...
Nifty also took support from its major support level, i.e. 21800 today. This can act as a good support again too as it completed double bottom on daily charts. Volumes are also good enough so go long with today's low as stop-loss. Fresh shorts will only add up if we break 21780-800 levels with good bearish volumes. It rejected the lower end of the long term...
Bigger the base, Bigger the target. H&S negated. Disclosure: Invested. Position increased