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Economic Cycles

Ready to trendIt is forming a flag pattern along with the head and shoulder pattern formation. Patterns work better on higher time frames. Hence these consolidations and patterns indicate that a new trend can start. Doing cycle analysis. It moves in a 20 month cycle. But cycle analysis works best when done on a group of stocks and on multiple timeframes. Hence it is just an indication and timing factor not a deciding factor. Therefore it is the time to study business and the sector fundamentally also.
NSE:DIXON
by Sumanyu_Aggarwal
Federal Bank Analysis This is more like looking at charts and trying to find out patterns whom can this help Investors - what should be there SL in Federal Bank - exit at 66 and re-enter at 41 Technical Analyst - one more analysis - always good to see perspectives :) isn't it Traders - Not exactly - but they may want to set an Alert for Monthly closing below 66 or above 87 for major moves Hypothesis Looking at charts, it seems there is a strong magnetic support/resistance at 40.5 price. It acted like resistance for months, acted like a consolidation zone, acted like a price rotation zone where weak buyers were taken off, After a breakout re-testing of this zone...and again in this pandemic, it came in to play as a strong support zone. You name it- this price point have gone through all that we could think. So its an important price point for federal bank Before the pandemic started - the Bank was in a nice slow bullish run forming HH and LH's. Pandemic stuck - it fell like others and now in an interesting zone Here the price can consolidate for a while or breakout or break-down - Depending on other factors that no one knows. What we can safely infer is - if its breakout of this zone this will test the previous HL and if it breakdowns will test our magnetic price point of 40.5 at the end - this is a hypothesis, and in certain conditions becomes true and in certain conditions becomes false. So watch out for conditions Happy Trading MSK
NSE:FEDERALBNK
by msk_analysis
1
BNF will continue to fall ?Hello All, Please refer my previous related idea where it touched the 37700. We are seeing continuous selling but at some point it has to breath and decides next movement. Market has been ending negative even if start with good momentum. Falling channel with 2 Arcs or cycles where I have just plotted the second arc by cloning first one. If downside momentum continues we can see the exact replica which will end at 36300. FII has sold 2700 cr and DII has bought for 2500 cr. Please find the levels in the chart. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:BANKNIFTYShort
by tmvinoth3
BANK NIFTY Analysis / Observation 40000NSE:BANKNIFTY I strongly believe this is not a breakout , and might be a fake one as NIFTY HASN’T BROKEOUT YET If NIFTY BANK breaks and closes above the parallel channel, then i may re-think about my analysis Here’s a link to my previous Analysis I’m still thinking it may play out, keeping in mind of foreign markets. Watch for breakout and close above the parallel channel and invalidation of H&S. Share if you like it PS: THOSE IS FOR EDUCATIONAL PURPOSE ONLY
NSE:BANKNIFTY
by shudh-hira
2