Fractal
A Potential Bullish Reversal on the Horizon for RelianceNSE:RELIANCE : Anticipating a Bearish Phase Followed by Potential Bullish Resurgence
Reliance Industries may face bearish trend with an eye on future Bullish Opportunities. Recent market structure mapping, however, suggest a potential bearish phase for the company, prompting investors to reassess their positions. While challenges loom in the short term, astute investors may find solace in the prospect of a bullish resurgence on the horizon.
Nestle India surges 4% in weak market Nestle India surges 4% in weak market on stock split, interim dividend plan
Nestle India said the board will meet on October 19 to consider a stock split and interim dividend.
Shares of Nestle India surged 4 per cent to Rs 23,333.65 on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the company announced that the board will meet on October 19 to consider a stock split proposal. The board will also consider declaration of second interim dividend for the year 2023, if any.
The stock of packaged foods company was trading close to its 52-week high of Rs 23,390 hit on July 17, 2023. In comparison, the S&P BSE Sensex was down 0.72 per cent at 65,042 at 09:22 AM.
In an exchange filing, Nestle India said, a meeting of the board of directors is scheduled to be held on Thursday, October 19, 2023, to consider the un-audited financial results of the company for the third quarter and nine months ended 30th September 2023.
APTECH - READY FOR 100 % GAINSAPTECH , promoted by Rakesh Jhunjhunwala and company, is hovering around 290 levels.
These levels were the highest since 2008 - 2022, then stock gave breakout and reach around 425 levels, now again retesting the strong support zone.
this should accumulate here and then again start upmove with the september quarter results
buy levels - 290
target 600 plus
stoploss 225
thanks
Bullish WiproWipro is making a choch and seems to be making higher high on a daily TF. The Sell off since last 3-4 days seems like a pullback for a fresh rally. We can buy Wipro at the levels of 396 with an SL of 387 ( Aggressive SL for a aggressive RR) or a conservative SL of 376. Target must be high if you are willing to hold for atleast 6 months depending on your holding capacity.
BTCUSDT - ShortBTCUSDT is at a crucial level of 31400 which was a strong supply zone coming from Jun 2022 and it fell to 15500 levels. This zone was tested in April 2023 and it fell again from that zone till 19600. Again BTCUSDT has come to the same zone and consolidating there for last 15 days. It will interesting to see if this level gets broken or used for further selling.
Watch out 31820 level on daily TF. If Candles close above this zone with a body BTC will look to continue the bull trend else look for Short opportunities in lower TF for scalping as well as positional sell.
Britannia Looking Weak on Weekly Chart - Shorting CandidateNSE:BRITANNIA is looking weak on weekly chart as its making bearish engulfing candle. Also closing below last week's low and showing weekly fractal support breakdown.
Looking for 4041 and 3949 on downside. SL is relatively small of 4255. Better to short this in cash and not play in options cos one spike can take away your SL in option trade.
Let's see how the story develops. Best wishes!
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TIA!
ETHUSD - Time to go up?If you look at the monthly chart of ETHUSD, you will notice that the price is at discount zone and has hit an important Discount Array (FVG). It has reached the 50% of the FVG and reacted in a positive way.
Now we need to look at lower timeframes (1 Week and 1 Day) to see if price is willing to go higher.
Now this would be the right time to Invest if we see signs of price wanting to go higher.
This is just my personal view on ETHUSD. Please do your own research before taking any decisions.