Investing in the stock market can be both exciting and overwhelming. There are so many stocks and strategies are there that make it hard to decide where to invest. That’s where technical analysis comes in. It’s the study of market data to find patterns, trends, and potential opportunities. To get started with technical analysis, you need to first understand...
Broader market view and Sectors for tomorrow. Broader market view is shared with sectors in focus for now
BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure...
Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound...
Fundamental Analysis: Axis Bank, a prominent player in the Indian banking sector, is currently showing promising signs in terms of price and earnings forecasts according to analysts. However, revenue forecasts are not as attractive. Despite this, the financial health of the bank instills confidence among investors. One notable aspect is the distribution of...
As per time cycle this stock is ready to fly in upcoming months. Accumulate at current levels with a stop of 40 on monthly closing basis for some euphoric upside. Upside: 100/150+ Horizon: 6-12 months
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FOR LEARNING PURPOSE NATCO PHARMA- I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation 2. The breakout candle is good with great volume 3. Now it is retesting that breakout zone of last 2Y 4. It is showing better relative strength as it stood strong in volatile times 5. The risk and reward is...
The Elliott Wave analysis indicates that the stock has finished waves (i) and is nearing the end of waves (ii), which are shown by blue numbers on the daily chart. Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red....
As per Elliot's wave pattern on the downside, Bank nifty is currently moving in the 4th wave. The structure formed is one of the classical patterns of wave 4 - A horizontal flat. We have had enough volatility recently (again, a classic of wave 4), and now it looks like the final leg of wave 4 is ongoing. We could see a resistance trendline from which Bank...
Hello Trading view Family / Fellow Traders. I hope you have used and benifited from the previous analysis . In today trading session we are monitoring DOGEUSDT for a buying opportunity, DOGEUSDT UPDATE Bullish pennant Breakout has already Done,In 3H Timeframe✅ Now,Ready for good bullish wave 🚀 🚀 maximum chance to gain +30 profit💰 in coming days✴️
Stock has rallied good in the recent month and started making zigzag zone and at the same time struggled to make a higher high indicating signs of weakness , the rising wedge and a rounding bottom within it supplementing the weakness bias . Momentum indicators signalling diversion and not much market participation ( possible signs of distribution...
FOR LEARNING PURPOSE KIRLOSKAR BROTHERS- I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation 2. The breakout candle is good with great volume 3. It is showing better relative strength 4. The risk and reward is favourable 5. It is at fair valuation plus has healthy long term growth 6. Coming out from...
#Wipro cash -Positional call 10.March 2024 Looks good above 521.10 and More above 530.10 Stoploss 500 Target 570-575/640 Cmp 515.4
STRENGTHS: Strong Momentum: Price above short, medium and long term moving averages Company with Low Debt Company with Zero Promoter Pledge Near 52 Week High WEAKNESS: Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years Declining Net Cash Flow : Companies not able to generate net cash. OPPORTUNITY: Decrease in Provision...
👋 Hello Trading community and my friends so today i came here with an educational post hope you like my work mates, In technical analysis quite often we hear about Double bottom and Double top patterns so today i am sharing that in very simple and easy to understand way. Although a lot can be understood from the idea's image alone but for those who are new to...
Below is the complete instruction on how to use the Fundamental Strength Indicator . Part 1: The Fundamental Strength of the Company To understand what it is for, let's imagine that you manage a long-distance running team, and you need to recruit a team of excellent athletes. However, you don’t even know the names of these athletes or their contract amounts....
USDCAD displays a bearish outlook as it breaks out of its ascending channel and rising wedge pattern. This technical analysis signals a potential short opportunity, with the breakout indicating a shift in momentum. Traders may consider short positions in anticipation of a continued downward trend in the USDCAD currency pair.