Bank Nifty (Neowave Update)Hello Everyone
Its been a long time since i made the last video, well we are starting our video analysis with bank nifty. Any way i have mentioned all the details in the video. If you have any other query than let me know.
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Bank Nifty - Aug 24Pattern : Support/Resistance.
Range : Medium
Trend strength : Normal.
Buy Above : 44520
Stop Loss : 44420
Targets : 44600, 44680, 44800 and 44880.
Sell below : 44300.
Stop Loss : 44400.
Targets : 44200, 44120, 44040 and 43960.
Check the live market updates. Expected expiry day range is 43900 to 44700.
Hit the like button to rock !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Large Rectangle Breakout Seen in GAIL India Ltd.Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts?
Rahul:-
A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels.
A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated.
The price will “test” the support and resistance levels several times before eventually breaking out.
From there, the price could trend in the direction of the breakout, whether it is to the upside or downside.
we can clearly see Above in GAIL chart that the pair was bounded by two key price levels which are parallel to one another.
So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride!
Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it.
So now let's focus about company background.
Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.
Market Cap
₹ 76,074 Cr.
Current Price
₹ 116
High / Low
₹ 123 / 83.0
Stock P/E
18.4
Book Value
₹ 98.8
Dividend Yield
3.46 %
ROCE
9.79 %
ROE
8.69 %
Face Value
₹ 10.0
Debt
₹ 17,816 Cr.
EPS
₹ 6.32
PEG Ratio
5.93
Promoter holding
51.9 %
Intrinsic Value
₹ 309
Pledged percentage
0.00 %
EVEBITDA
10.8
PROS
Stock is trading at 1.17 times its book value
Stock is providing a good dividend yield of 3.46%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 43.6%
CONS
Company has a low return on equity of 13.8% over last 3 years.
Earnings include an other income of Rs.2,947 Cr.
Important levels for GAIL India Ltd.
Buy in between 112-117.
Targets we can see 130/140+
Keep Stop loss at 108.5
Price is above 200 EMA
We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe.
with Good Volume
Price is sustaining above breakout trendline and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
#finnifty"Good morning! As of July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks.
On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
BankNifty:Tale of Triumph and Trials,Bulls or Bears-Which Side?Netflix - Scoop
The riveting Netflix web series "Scoop" brought to life a powerful saying from the book **"Behind Bars in Byculla: My Days in Prison" by Jigna Vora**. The line, **"If someone says it’s raining, and another person says it’s dry, it’s not your job to quote them both. Your job is to look out of the window and find out which is true" is a fitting metaphor for our exploration of the BankNifty index.** Here, we don't just parrot what others say, we strive to unravel the truth behind the numbers and the patterns.
**The story began at WaveTalks**. On the 25th of July, 2023
we published an enticing TradingView idea focusing on the BankNifty Index and outlined an **Expanded Ending Diagonal** . For the adventurous risk takers, we pointed towards potential targets:
- First stop at 46155
- A second milestone at 46263
- The final leap to 46369
The narrative took a thrilling twist on the 27th of July, 2023 . The Index raced towards our 3rd target, pausing just short at 46310. Then, it took a breathtaking nosedive, shocking the bulls with a Niagara-like fall from the highs of **46310 to the lows of 45238**.
**Now, traders are left wondering, "What's next?" The markets never sleep, so our story continues...**
**On the larger timeframe-4 Hour Chart**
We're seeing the formation of a tantalizing pattern - a potential rising wedge once again. **But here's the caveat**: **the Index needs to hold its footing at the crucial psychological level of 45525 to bounce back upwards.**
**If we stand firm above 45525**, we're looking at an exciting upward trajectory:
- First target at 45790
- Second target at 46300
- Third target at 46500
- **And if we cross beyond 46500**, we're aiming for a final target between **46900-47000+**, coinciding with the completion of the wedge pattern.
**Here comes the thrilling climax**. **What happens after reaching a new all-time high?**
Brace yourselves as we could see a rerun of the Niagara plunge from the 27th of July, 2023. From the new all-time highs of around 47000, the Index could potentially tumble to 43345, as marked by the menacing black arrow downside.
**WaveTalks** wishes everyone a joyful weekend!
As we delve into the narrative of BankNifty, we ask you - are you siding with the bulls or the bears? Stay tuned for more, and remember, it's not about echoing what others say, it's about understanding what's unfolding in the market.
KAJARIACER: The Stock You Don't Want to Miss!
📊 Key Details
KAJARIACER, a ceramic industry company and part of Nifty 500 index, has been a powerhouse stock in a strong bullish trend until October 2021.
The stock's historical monthly chart reveals an astounding 14,405% return from Rs. 8 to Rs. 1365, spanning from 2007 to 2021.
After reaching its peak, the stock entered a consolidation phase that persisted from October 2021 until BEFORE yesterday.
However, yesterday marks a significant breakthrough for KAJARIACER as it breaks out of the consolidation pattern with substantial volume.
The stock opened with a gap up today, and the weekly bullish candle indicates minimal selling pressure and robust buying activity, making it an excellent candidate for a potential buy entry.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
Like, Comment & Follow
I encourage you to like this analysis if you found it helpful and invite you to share your observations in the comments below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: in.tradingview.com
🚀🔥 Trade with Confidence 🔥🚀
Remember, success in trading requires discipline and continuous learning. Always keep learning and growing in the market.
💥💰 Trade Wisely, Profit Greatly! 💰💥
Remember, always conduct thorough research and consider risk management before making any trading decisions. Happy trading! 📈🚀🌟
ISMT technically has the Ability to give you Plenty!This analysis is purely Technical.
Positive:
- Annual Revenue rose 19.1%, in the last year to Rs 2,598.2 Crores. Its sector's average revenue growth for the last fiscal year was 9.5%.
- Quarterly Revenue rose 12% YoY to Rs 658.7 Crores. Its sector's average revenue growth YoY for the quarter was -0.6%.
- Mutual Fund Holding remained the same in the last quarter at 0%.
Negative:
- Annual Net Profit fell 96.3% in the last year to Rs 87.7 Crores. Its sector's average net profit growth for the last fiscal year was -53.4%.
- Quarterly Net profit fell 99.7% YoY to Rs 8.4 Crores. Its sector's average net profit growth YoY for the quarter was -51.2%.
Kirloskar Ferrous Industries Limited (KFIL) acquired majority stake in the Share Capital of the Company(i.e. 51.25%), making ISMT a subsidiary of KFIL w.e.f March 10, 2022.
The Company is the largest integrated manufacturer of precision seamless tubes, tubular components, and steels in the Asia Pacific Region. The Company is mainly engaged in manufacturing of seamless tubes and engineering steels.
Apart from tubes, ISMT Limited also manufactures a wide range of value added products for each of these industries. These include items such as bearing rings, gear blanks, shifter sleeves, cages for constant velocity joints, swaged & machined axles, threaded and coupled casings, couplings and a host of similar products. The group companies include ISMT North America, Taneja Aerospace and Aviation Limited (TAAL), Structo Hydraulics AB, Sweden and ISMT Europe, Sweden.
ISMT has one of the most modern alloy steel plants in India. The factory, located at Jejuri (within a 100 km radius of ISMT's Tube plants) has a capacity of 190,000 MT per annum.
The Company is currently using the de-bottlenecking and modernization process to raise its capacity in the immediate future. It plans to increase the 1,55,000 tpa tube capacity to 2,00,000 tpa. Moreover, the steel capacity of the company which is already manufacturing at the rate of 2,40,000 tpa will be raised to 3,50,000 tpa.
BHARAT ELECTRONICS LTDHello & welcome to this analysis
Stock continues to be in an uptrend in the higher time frame with resistance in the monthly/weekly time frame near 145.
In the lower time frame its forming a wedge like structure with a small triangle. Resistance at 128.50 support at 124.
The stock has been a rank outperformer and any dips to monthly / weekly support zones would be an opportunity to buy, as well as investors could continue to do SIP in it from a long term perspective.
Happy Investing
#Finnifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
"HCL Technology: Bullish Reversal with Inverted Head & Shoulder"Description:
HCL Technologies (HCL Tech) has formed a visually striking bullish head and shoulders pattern on the price chart, indicating a potential upward trend. Traders and investors may find this setup appealing for potential trading opportunities
Key Points:
- Pattern Type: The pattern observed in HCL Tech's chart is a bullish head and shoulders pattern, which is a reliable trend reversal formation.
- Entry Range: Consider entering the trade within the range of 1160 to 1175 for optimal risk management and potential profit capture.
- Stop Loss: To safeguard against adverse price movements, set a closing basis stop loss at 1100.
- Target Levels: The price targets for this bullish setup are 1360 and 1470, offering significant upside potential.
Disclaimer:
Please note that trading and investing involve risks, and it's essential to conduct your own analysis and consider market conditions before making any trading decisions.
Silver Bounce Or Break From Support ?Hello mates, sharing the commodity silver futures weekly chart for educational purpose for that as we can see that 70000-68000 zones was a hazardous resistance for it and now we can see that price is trading near that zones so for that I am sharing my trading ideas for it below.
IDEA NUMBER ONE-:
Price is currently trading with well placed support on this weekly chart and it is trading near too a support by 50 EMA as we can see it gives a bounce two times earlier (mentioned on chart) from 50 EMA so if this time it we can see 75600 levels again, bounce could confirm according to our own setup or time frame too for we can go long.
IDEA NUMBER TWO-:
If it will breach it's mentioned support zone which is adjoined it's rising support trendline and 50 EMA too so we can make a short in it for the target of 62600 levels.
Executions-
All above mentioned ideas will be applicable on weekly closing basis only, one can use own setup or time frame according to provided levels if they are agreed that levels are right some how.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit
EWT – NSE BANKNIFTY Poised For Final Wave CTimeframe: 2h
As per our previous idea, we have identified a market scenario characterized by supply pressure and bear dominance. At a price level of 44154, we observed the occurrence of Wave (3), followed by a corrective phase known as Wave (4). Wave (4) exhibited a double three pattern.
Currently, the price is in the process of forming the final sub-wave (c) of Wave (y) within Wave (4). Wave (c) has taken the shape of an ending diagonal, suggesting that a breakout above the upper boundary of the diagonal in Wave 4 of Wave (c) could potentially lead to a new high. To take advantage of this potential upward movement, traders may want to consider entering trades as long as the price remains above 44091 for following targets: 44430 – 44840 – 44912+.
Note that if the price fails to break the resistance level at 44091, the trade setup loses its validity. For traders who are more tolerant of risk, an alternative strategy could involve entering a trade after a reversal occurs from the support level at 43200.
Nifty AnalysisIn this assessment I will try to answer a few questions:
1️⃣where is the market trading?
It is trading near its all-time high 18887.60
2️⃣How it is behaving near this resistance?
🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670.
🚩Then it rallied even much sharper back to the resistance and this time the reactions have been not that strong.
🚩It seems consolidating/absorbing whatever supply is left near the highs.
3️⃣Is there any pattern or range that can be traded?
🚩Yes, there is a triangle pattern formation as shown in the chart. It is probably best to buy near the lower edge and wait for an up move.
🚩There could also be a range formation in which market can oscillate for a while. This range is between 18780 (an important support-resistance level) and 18875-18900.
4️⃣Is there any chance of massive crack from all-time highs?
🚩At this point of time I don’t see any indication of a fall. As I said that the reactions are getting smaller, and price is hugging the resistance zone. There are higher chances of a breakout in the direction of primary trend on the weekly timeframe (see chart on the right).
5️⃣What should be the trailing SL to protect gains in the market?
🚩The swing low of 18660 could be a good stop loss to protect or lock the gains (if any) in the markets.
Do like🚀 share 🔊 or comment 📃 for more such ideas in future.
Disclaimer: The views shared above are not a trading or investment advice. You need to apply your due diligence before investing your capital.
Don't Dread ! Spread the Thread in Polymed ! Looks good Ahead !Poly Medicure Limited is an India-based manufacturer and top exporter of plastic medical disposables/ surgical Items with a portfolio of over 130 SKUs of disposable medical devices across 9 different product verticals.
Distribution Network
The company has a pan-India distribution network with over 260 distributors. It has reach to over 5,000 private and government hospitals and nursing homes across India. The company exports its products to over 110 countries. It earns 30% of revenues through domestic sales and the rest 70% through exports.
It derives major growth in exports from European Subcontinent.
Manufacturing Capabilities
The company owns and operates 8 manufacturing facilities across world. It owns 5 facilities in India, 1 each in China, Egypt and Italy.
The facility located in Egypt is owned by company's associate (ULTRAMED) wherein the company holds 23% economic interest.
R & D
The company operates its only R&D facility from Faridabad, India. The company has planned to expand its manufacturing facilities in Faridabad and Jaipur which are set to be ready by 2020 and 2021 respectively. Expansion includes manufacture of new products and capacity additions in its facilities.
It has over 300 patents to its name with 190+ pending applications.
It spent ~12 crores (2% of revenues) towards R&D in FY20 as compared to 10 crores in FY19
BREAKOUT OF THE YEAR TITAN COMPANYOn the last session of previous week price breakout a more then one year old resistance and gives a good close above that resistance and it is a highest weekly close ever by this stock so it seems a good opportunity to go long in this stock.
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions.
2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical.
Stop loss-:
So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 2600 levels are looking a strong support now on weekly candle below basis.
Retesting levels-:
2780 to 2800 levels which mentioned on chart as triangle resistance which will be act as a breakout retest zone now, some traders like to enter when retesting will complete it totally the matter of choice of a trader and some how it a part of your trading style and risk management too.
MOVING AVERAGES-: (EMA)
Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Monthly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
RSI-:
Daily Chart- 73.23 (Bullish)
Weekly Chart- 67.88 (Bullish not Overheated)
Monthly Chart- 66.34 (Bullish not Overheated)
Key Strengths-:
Higher Highs and Higher Lows.
Price trading above on all moving averages on Daily, weekly and monthly time frames.
Daily and weekly and monthly RSI are Bullish.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit
HUL Analysis! W and Flag and Pole!HINDUSTAN UNILEVER ANALYSIS!
HUL Daily Analysis!
HUL Analysis with combination of Patterns and RSI!
Double Bottom Pattern Formation and Breakout in HUL!
Flag and Pole Pattern Formation and Breakout in HUL!
HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards.
Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 2577.65
Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
GNFC | 5 year resistance breakout acting as support levelAfter the five year resistance breakout , the stock given significant return and retrenched to 50% fib level .
In chart, falling wedge breakout is visible and momentum strength confirmed multiple factor i.e., ema, volume and rsi.
Entry at current level, Stop loss below Rs 580 and Target 1 & 2 pointed in chart.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
AFFLE INDIA: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach).
Trading strategy: Buy on CMP 909 and keeping the SL 760 look for the target of 1600/2100
