5 Amazing Trades and Index Ideas for 23 September Markets I daily make educational content videos for Financial markets
FMCG
Asian Paint Short Opportunity !The Price of Asian Paint is in a Supply Orderblock. Sellers may step in here !! This analysis is based on Smart Money Concept.
Stock Analysis for Swing tradersStock Analysis for Swing traders. This stock looks good for swing traders and positional traders with very small risk. Risk reward is favorable.
Hindustan Uniliver HUL re-enter its old long-term trend line which starts in 2016, its shows that HUL is ready to move higher
Nifty FMCG IndexNifty FMCG index nearing life time high.
Even though it makes a new life high.
It will run into its major hurdle @ 42296.80 .
Only 2-3 consecutive daily close above this level of 42296.80 we can see a fresh breakout.
Happy Trading.....
Zydus WellnessCMP ~1600
SL 1540/1490/1430
Target 1800/2000/2300+
Reasoning: Higher lows for last few months, indicating accumulation and making base
Hindustan UnileverThis stock has given good breakout from cup-n-handle chart pattern on hourly and inverted head and shoulder chart pattern on daily, along with good intensity of volume.
As per previous price actions support and resistances areas & depth of cup pattern and also depth of head pattern, all are co-incidentally matching with trend based fib extension target levels up to 2750-2900.
One can go long at current levels or in dips (yes possible)
On the way down 20DMA and RK's stop line can provide good support now, which are pegged near 2278 - 2280 areas.
Inverted head and shoulder chart pattern breakout on daily chart
price action scenario along with Fibonacci extension levels
Breakout with good intensity of Volume
Cup n handle pattern breakout on weekly RSI
cup-n-handle chart pattern breakout on hourly chart
Price support resistance areas and trend based fib extension levels
RSI double breakout on daily chart and now above 60 & 70 levels.
RSI double Breakout on weekly chart and now above 60 levels.
MACD in weekly positive and now above zero line.
MACD in daily chart positive and now above zero line.
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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.
Index BreakoutIndex corrected 20% from top.
Strong support on lower level's.
Clear sign's of bottom formation and breakout is evident.
Falling Channel breakout and consolidation near breakout zone is giving strong confirmation.
MACD and Rsi too supportive.
Rally ahead.
Pullback's is excellent entry point's here on.
TATACONSUMER - Can rally further TATACONSUMER - Looking strong for a rally. Could cross 800 if market is strong
ITC CAN GO STRONGLY UPSIDE!As you can see ITC formed leading diagonal in a monthly chart and gives a breakout upside. ITC completed it's 1st and 2nd wave and it's now in 3rd wave of monthly chart. The first Target of ITC will be 387 and second Target 417. We can see a very strong upside movement in ITC.
Jubilant Food Looks good above 560Jubilant Food Looks good above 560
Target 10/20%
Only above 542/560 holding not below that
FMCG Sector AnalysisDaily Time Frame
Inverted Head & Shoulder Pattern found
3rd June candle taking support @ Trendline
Condition applied :
If market breaks 37985
market will fall at least till 37332 & if that breaks then it will go below & retest Trendline for sure.
bounce back after a good consolidationis it going agene up !
fmcg sector focus in upcoming days
550 is very important level for AWL
Hindustan Unilever view for next week 02/05/22.Hindustan Unilever has formed a nice bullish candle on weekly and monthly time frame.
The stock has closed below its 20 ema on monthly time frame and above 20 ema on weekly time frame.
On daily time frame, the stock has taken resistance from its 200 ema and has formed a spinning top kind of candle. There is a bullish divergence on RSI indicator on weekly time frame.
Support :- 2214, 2110
Resistance :- 2300, 2420
Wait for a close above its 200 ema on daily time frame and watch for a price action near the levels.
ITC has given tringle BOITC has given Tringle BO on monthly chart. It can buy 249 add more if come 241-234 for the target 275 and 315 1-2 month view.
Tata Consumer -NeutralKeep on watch list - Close above 820 triggers buy. 12 April is a trend date to look for its closing. One close above 820, longs can be initiated.The only challenge is missing volume pack. Only sparse volume of candles is visible. Need back to back high volume candles.
GODREJCP long trade with multiple supporting reasonsGODREJCP showing some buying activity at demand zone and candlestick pattern(kind of marubozu) also indicates of a probable reversal as the 8th March and 9th March 2022 candles have same lows of 660.05. Buying around 700 with SL of 660 for target 770,830
Marico Demand ZoneMarico fell today by 4% on decreased volume growth news in the last quarter. If it approaches marked levels then will be a good opportunity to add to the portfolio.
Marico Analysis !! Broke Out.📈 Marico 📉
Marico broke out from a resistance zone 515-520 on closing basis after testing three times.
On Buy Side I am looking for Targets of 550 followed by 580-590 Zone.
StopLoss should be kept in 505-510 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
HINDUNILVER long opportunityIn weekly chart W pattern looks more likely. Buying after break of 2330 with stop loss of 2200 for target of 2430,2620 can be a good trade.
itc buyNSE:ITC
its price channel pattern and given breakout with good volume and crossing rsi 60 gives good hope for long
Note: I'm not a Sebi registered guy, Consult ur analyst before investing
