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WIPRO AnalysisThe recent change in the management of WIPRO Ltd has brought a nice 56 Inch wide smile on Veterans who've been tracking the stock. The CEO under whom, the profitability had reduced, has resigns and in exchange for him, we're finally getting someone who understands the Business and the Company. I'm anticipating good moves in the stock from CMP. Here are the details- CMP- 486 Targets- 500, 520 Stoplsos- 476 Duration- 1-2 weeks Let me know what you think about it.
NSE:WIPROLong
by ArjitGarg
8
Can GOCL turnaround with INHS pattern?GOCL Limited is a Hinduja Group Company has diverse business presence in segment Explosives, Energetics, Electronics and Reality From technical charts perspective has formed inverse head and shoulders pattern. There are two entry opportunities as below both carries risk of 11-12% and we shouldn't allocate big capital on big share. Entry 1: Entry 2: DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:GOCLCORPLong
by Niftydirection
Banknifty Prediction for tomorrow 8 April 24Banknifty has been in an uptrend for the last week. By looking at the chart: BankNIfty is trading at an all-time high right now. The Bulls are weak at this point. In the past two days, there has also been selling pressure. By looking at the OI data: PCR = 1.34 indicates a bullish market nature. 48500 will be acting as the Max-Pain. Above 48500, there is not much resistance. Below 48500, there are minor supports till 48000, and then, at 48000, there is a huge PE writing, which is going to provide a strong support zone. I am expecting the market to get some consolidation in upcoming sessions, which might lead to a high volatility sideways market. All important levels have been marked at chart. Support: 47770, 47410 Resistance: 49000, 49400 Reasons: The market has given a nice bull momentum, which now requires consolidation. The market is trading at the resistance zone 1H-TF. Price > EMAs show a bullish market structure. RSI > 60 is in the bullish zone. Price > VWAP, which indicates that the market price is not balanced. Verdict: Sideways or bullish Plan of action: Sell 48500 CE & 48200 PE (Hedge it with 20/-)
NSE:BANKNIFTY
by finnova_
#BANKNIFTY looking good for a possible upmove short term The bank index has been moving inside an upward channel from over a year respecting the channel tops and bottoms twice each with good patterns and structures. The index pulled back around 4000 points in the month of January 2024 and since then has been steadily moving up forming a good HH (higher high) and HL (higher low) sequence. The channel top touch at the end of the year has been the laying stone for the bullish "Head and Shoulder" pattern (graphically represented in the chart) and is now on the verge of breaking out. Though the pattern signifies a strong bullish move, I see a hurdle (wish it’s not :-)) in another 700 points otherwise a decisive breakout from here should propel higher. Few technical considerations: The momentum indicators are healthy and a recent crossover of MACD is a good sign. Trading currently above cloud. Note: Index movement is displaying a repetitive movement (highlighted number (1),(2) and (3) before the breakouts .
NSE:BANKNIFTYLong
by srinivasbusy
ADVANIHOTR - Weekly Chart Analysis, CMP-142.65A multiyear breakout seems happening on the monthly timeframe. Still monthly close matters in that case. But on a weekly chart it is showing good strength. On a weekly timeframe as we can see it had broke the supply/resistance zone (93-106) and retested the zone forming base of 11 weeks and 23% range. This week it has gapped up and closed above the base on good volumes. The previous supply/resistance shall now act as strong demand/support zone. So that would be the main support. The stock is sailing above all its key moving averages too. 111 should now be the initial support and a weekly close with the follow through if seen in any case would invalid our view. 145 - 168 - 198 - 283 are the levels that might be tested over the long term based on trend Fib. Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:ADVANIHOTRLong
by marketmoneymohmaya
Natural Gas - How to trade today - Live Market Analysis Please read the notes on the chart. Today's time candles are 4-4-24 7:31 AM 4-4-24 11:57 AM 4-4-24 4:24 PM (Pivotal) Going to decide the future trend 4-4-24 8:50 PM 4-5-24 1:16 AM Disclaimer: I am not a registered analyst with any National/International Authority and it is only for the educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses Thank you
CAPITALCOM:NATURALGAS
by rekhi567
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall. Trendline Breakout in HMVL BUY TODAY SELL TOMORROW for 5%
NSE:HMVL
by Kapil-Mittal
Quess Corp AnalysisAfter the recent fall in Mid Cap and Small Cap stocks across all counters in the Indian Stock Market, we're now anticipating a good reversal in the Mid-Small index as well as stock for the new financial year. Thus, here's Quess Corp for April Month. CMP- 527 Target- 600, 650 and 678 (Short, Mid and Long respectively) Stoploss- 453 (Trailing) Duration- Short term to Long term, based on your research, goals and advise from Financial Advisor. let me know what you think :)
NSE:QUESSLong
by ArjitGarg
Expensive Mistakes in Trading and how to Clear Them !Hello Trading community, Today i brought an educational publication for sharing with all of you mates in which most of the experiences are mine too that what are the expensive mistakes we are doing and how can we improve that mistakes i am trying to share below mates. But before i start i want to say a big Thanks to Trading view and entire team for adding index and stock Options chart in the system and with this integration we no longer need to go any other platform to view those charts. Trading in financial markets comes with risks, and mistakes can be costly. Some of the most expensive mistakes in trading include: ⚡Lack of Risk Management: Failure to set stop-loss orders or not adhering to risk management principles can lead to significant losses. Traders who expose themselves to excessive risk without a safety net often suffer severe financial consequences. ⚡Overleveraging: Using excessive leverage amplifies both gains and losses. While it can increase potential profits, it also magnifies the impact of market fluctuations. Traders who overleverage their positions may find themselves facing margin calls and significant losses. ⚡Ignoring Fundamental Analysis: Neglecting to conduct thorough fundamental analysis and relying solely on technical analysis or market trends can lead to poor investment decisions. Changes in economic indicators, company financials, or geopolitical events can have a profound impact on asset prices. ⚡Chasing Losses: Trying to recover losses quickly by making impulsive and high-risk trades can exacerbate the problem. Emotional decision-making driven by a desire to recoup losses often results in further financial setbacks. ⚡Lack of Discipline: Traders who deviate from their established trading plans or strategies due to emotions, fear, or greed may make poor decisions. Maintaining discipline is crucial to successful trading. ⚡Insufficient Research: Inadequate research before entering a trade can lead to unexpected surprises. Traders should thoroughly understand the assets they are trading, market conditions, and relevant news that might impact their positions. ⚡Falling for Hype and Speculation: Investing based on market hype or speculative trends without proper due diligence can result in losses. Relying solely on the opinions of others or following the crowd can be detrimental to a trader's financial health. ⚡Market Timing Errors: Attempting to time the market perfectly is challenging and often leads to losses. Traders who consistently mistime market entries and exits may miss out on profitable opportunities or incur substantial losses. ⚡Not Diversifying: Putting all funds into a single asset class or market increases vulnerability to downturns. Lack of diversification can expose traders to significant losses if a particular sector or asset class underperforms. ⚡Ignoring Transaction Costs: Neglecting to consider transaction costs, such as commissions and fees, can erode profits. Frequent trading without accounting for these costs can significantly impact overall returns. Successful traders often learn from their mistakes, adapt their strategies, and prioritize risk management to minimize the impact of errors in the future. It's essential for traders to continually educate themselves, stay informed about market conditions, and remain disciplined in their approach. Now we will talk that how we can take control on these above mentioned mistakes-: Avoiding costly mistakes in trading requires a combination of education, discipline, and a well-thought-out trading plan. Here are some of the most expensive mistakes in trading and tips on how to avoid them, Understand the financial markets, trading instruments, and the factors that influence prices. Stay informed about economic indicators, market trends, and news that may impact your trades. 🚀Have a Trading Plan: Develop a clear and well-defined trading plan that includes your goals, risk tolerance, and strategies. Outline entry and exit points, risk management rules, and position sizing guidelines. 🚀Risk Management: Never risk more than you can afford to lose on a single trade. Use stop-loss orders to limit potential losses and protect your capital. Diversify your investments to spread risk across different assets. 🚀Control Emotions: Emotional decisions often lead to trading mistakes. Stay disciplined and stick to your trading plan. Avoid making impulsive decisions based on fear, greed, or overconfidence. 🚀Start with a Demo Account: Practice your trading strategies with a demo account before using real money. This allows you to refine your approach and gain experience without risking your capital. 🚀Continuous Learning: Stay updated on market trends, new trading strategies, and evolving market conditions. Learn from both successful and unsuccessful trades, and use that knowledge to refine your approach. 🚀Monitor Positions: Regularly review your open positions and adapt your strategy as market conditions change. Set realistic profit targets and be willing to take profits when your goals are met. 🚀Stay Informed: Keep abreast of global economic and political events that may impact the markets. Be aware of scheduled economic reports, earnings announcements, and other events that can cause volatility. 🚀Avoid Overtrading: Resist the urge to trade excessively. Quality over quantity is key. Focus on high-probability setups and wait for the right opportunities. 🚀Stay Flexible: Markets can be unpredictable. Be willing to adjust your strategy if conditions change. Avoid being overly attached to a specific trade or outcome. 🚀Review and Analyze: Regularly review your trades, both successful and unsuccessful. Identify patterns in your decision-making process and learn from past mistakes. 🚀Seek Professional Advice: Consider consulting with financial advisors or experienced traders for insights and guidance. Joining trading communities or forums can also provide valuable perspectives. Remember, trading involves risk, and there are no guarantees of profit. By following these guidelines and maintaining a disciplined approach, you can increase your chances of making informed decisions and avoiding common trading mistakes. Regards-: Amit Happy Trading mates, Thanks for reading hope you like this publication friends. “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz
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NSE:NIFTYEducation
by AMIT-RAJAN
23
The candlestickUnderstand the buying and selling pressure: You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. Look at the first green candlestick on the left chart, it’s a bullish candlestick right? Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though it’s a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. ⦁ If the upper wick is very long, it simple tells you that there’s a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. ⦁ If the lower wick is long, it tells you that there’s a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. ⦁ If the lower wick is short, it tells your there’s very minimal buying pressure. ⦁ If the upper wick is short, it tells you that there’s very minimal selling pressure. What about the length of the body of candlesticks? ⦁ The longer the body of the candle indicates very strong buying or selling pressure. ⦁ A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. ⦁ Sometimes the candles will have no upper or lower shadows but with very long bodies. These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment. ⦁ In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: ⦁ Next WL – 2 …what if you combine more than one candlesticks? What does it show you?
NSE:BANKNIFTY
by SriTrader5121