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#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"
NSE:CNXFINANCE
by Manickamtraders
9
"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.
NSE:HCLTECHLong
by karuneshBajpai
10
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
MCX:SILVER1!
by AMIT-RAJAN
19
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.
NSE:BANKNIFTYLong
by forextidings
48
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.
NSE:NIFTY
by Bravetotrade
15
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
NSE:POLYMEDLong
by CannySunny
31
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
NSE:TITANLong
by AMIT-RAJAN
41
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
NSE:HINDUNILVRLong
by Avinash9087
52
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.
NSE:GNFCLong
by Indieconomic
11
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
NSE:AFFLELong
by TradingSutra
7
Nifty Analysis: May2023Let’s quickly start this analysis from June 22 lows. Weekly Chart There is a clear A-B-C type corrective pattern which tested into previous highs of Oct 2021. I was expecting some support build up near 18000 levels (for the trend to resume on the upside) in Dec 2022 but that did not happen, and the market just drifted lower and lower to previous support area around B. Currently it is again bouncing hard towards the prior swing high A. From this structure it seems market is in a mood to trap more buyers on the upside before losing strength for new lows below B (continuing a potential H&S). But is that really true? Let’s get down to the daily time frame (left chart) and find out. Daily Chart We can see a corrective LH-LL structure which is still intact as per my understanding. I won’t consider Feb 2023 lows as a lower low (because of poor thrust below Jan 2023 lows). This is why the Feb swing high (18135 or so) would remain a LH in the trend channel. Also visible in the chart is a sharp rally from Mar 2023 lows, an Inverted Head & Shoulder pattern and a break of its neckline above 17800 zone, good omen for the buyers. But remember that lower high is still intact. Looking at the price behavior of this rally, it is totally agreeable that there is a potential for shift in structure (for uptrend) with a close above 18135 this week. Now the question is that whether the higher timeframe weakness with an ABC corrective and a potential Head & Shoulder pattern would prevail over the strength on the lower timeframe chart? The answer is that its difficult to predict with 100% accuracy. But one thing that can be done confidently is to manage your trades properly. For short-term trading I would say that booking some profit (if bought near the lows) is definitely an option. Reaction from previous resistance areas is a time-tested behavior, so one can always trail and lock profits in case of doubt. For this trend to continue on the upside, any test of 17800 has to hold. A failure of this level may put this trend in jeopardy. Similar lines can be seen in Oct2021 to June2022 correction. So the conclusion is to book a little if you want and lock the rest with trail below 17800. Any new buying at this point would remain a question mark. Thanks for reading. Do hit the boost button for more ideas in future. Disclaimer: All the views above are personal only and not an investment or trading advice. So you will have to apply your due diligence.
NSE:NIFTY
by Bravetotrade
20
#banknifty view for the coming week:-#banknifty view for the coming week:- Support Area:- 41,791 - 42,537 Immediate Resistance Area:- 42,856 - 43,025 If we assume wave 3 of the current upmove is over and we are currently in wave 4 on the move, then things are not clear we are in 12345 or ABC movement within wave 4. The structure will only weaken below 41,791 and bears will be active below that level. Better to avoid long until 42,025 holds or around 42K area based on reversal signals. The view is based on the current market scenario, and if the structure changes, it will update accordingly. Regards, SG
NSE:BANKNIFTY
by subhagghosh
7
NIFTY possible Elliot wave countsHere we had shared possible Elliott wave counts on hourly time frame of Nifty chart. Whereas if we are unfolding part of correction phase then currently we are in A-B-C of ((2)) or ((B)) heading towards north directions, which we can see or say in bullish way, where we can fail this rally near 18567 levels which is nothing but equality level of A and C inside wave ((2)) or ((B)), we can resume correction downwards again post this rally, which can be a subdivision part of wave ((3)) or ((C)) towards south directions. Well, sometimes C may be truncated too. What if scenario We are in Bull market at current stage or we can say what if we are in impulse right now ? Then also we have to unfold current rally not as a A-B-C but as a 1-2-3-4-5, so up to C or 3 levels should not violated because road map is same for both scenarios. Buy on dips with strict stop loss is only mantra, always try to trade at lowest risk with good enough reward probabilities. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:NIFTYLong
by RK_Chaarts
31