Nifty View 17/01/2025We will again short the markets today plan is for gap filling downside. We achieved 100 points yesterday in our short trade. And today we can target for 150 points. Even if market bounce don't go for long find only short setup.
I also share exact entry point with very small sl. Connect me personally for that. You can check our previous trades also.
Fundamental Analysis
BHEL - Don't miss this opportunity!!BHEL is trading just under the value zone due to various Micro and Macro economic news in the last 2 quarters, however in the recent quarter BHEL posted healthy news with good order book.
Between Price range 220 to 270 a massive 800 Million shares were traded which accounts more than 60% of total free float shares available in the Market.
So investing now would be good idea and you will get this share at a good discount compared to many others in the market.
Happy Investing and Trading!!
Infosys presented stellar results. Will stock stop falling now?Infosys presented outstanding results today on not just year on year but also showed consistent growth on quarterly time frame. The street might have expected this already and that's why the stock price soar in recent past. What they wouldn't have expected is their revision in growth estimates from the earlier band of 3.75-4.5 to 4.5-5%.
Still the stock fell today. Will the fall continue? (HCL Tech fell 10% even after awesome results)
Honestly speaking, this has to be seen in the coming trading sessions. But what's sure is that investors will make money if they buy this stock in dips!
Bitcoin 1D Commentary and Bull Run Technical Analysis - Bitcoin is currently trading at 99,779$
- Bitcoin kept behaving choppy and the Price Behaviour was very sluggish in January
- We saw BTC printing a candle 4000$, which helped BTC cross 100,000$ after a long time.
- Coming back to the current Price Action of BTC we are currently trading at a crucial zone and if we flip a weekly candle close above 102,686$ then the Market structure will change to Bullish
- However, if we do not close above 102,000$ then we can see BTC revisiting 85,000-90,000$
- Trump's inaugural is due next week and will bring in a lot of volatility.
- I am leaning more on the Bullish side, however, if we don't see supporting Macros then we might have a rough time chopping out and getting distributed the whole month.
Skygold ready to touch the sky !!Skygold is reversing with great technical and fundamental strength, New highs are coming soon. Technically, it bounced back from key support levels and fundamentals as the company on-boarded Aditya Birla Jewellery as a new client, along with product portfolio diversification with lab-grown diamonds and 18kt Jewellery.
Bitcoin Price Analysis: Key Zones to Watch on the 4-Hour ChartWhat is Happening in the Chart?
1. Resistance and Supply Zone (Order Block): Bitcoin is approaching a significant bearish order block (red zone) near the $100,000 mark. This area represents resistance where sellers may take control, pushing the price downward.
2. Potential Retracement: Before continuing its upward trend, Bitcoin may retrace to fill the fair value gap (FVG) and test the 0.5-0.618 Fibonacci retracement levels. These zones are historically strong areas for buyers to re-enter the market.
3. Support and Demand Zone: The bullish order block (green zone) near $92,000 aligns with the retracement zone. This is where Bitcoin might find strong support before resuming its upward trajectory.
Outlook for BTC/USDT
The chart predicts a potential pullback to $92,000-$95,000, followed by a bullish rally aiming to break through resistance at $100,000. If Bitcoin clears the bearish OB, the price could target new highs, potentially surpassing $105,000.
Key Levels to Watch:
Resistance: $100,000 (Bearish OB)
Support: $92,000-$95,000 (Bullish OB and Fibonacci zone)
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Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and trading involves significant risks. Always conduct your own research or consult with a financial advisor before making any trading decisions.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in RKFORGE
BUY TODAY SELL TOMORROW for 5%
HDFCAMC's Strong Growth Amid Oversold ConditionsTopic Statement: HDFCAMC reported a stellar 30.8% QoQ growth for the third quarter, with its price correcting during the recent market downturn, now oversold as it approaches crucial support at 3600.
Key Points:
1. Reported 30.8% QoQ growth for Q3.
2. Price corrected in the recent market downturn.
3.Trading under the 180-day moving average, making it oversold.
4. MFI is below 30, indicating oversold conditions.
5. Approaching crucial support at 3600.
Bitcoin following 2013-2017 ATH Fractal UPDATE
Welcome to the latest update
I have been posting this idea for a long time now and it is still playing out and I am so pleased to see some respected Crypto people now saying the same.
To recap
Bitcoin Fractal anchored at the 2021 Nov ATH - some people do not like to use that ATH as a real one as there are many reason why they consider it a False one...But I use it as most BTC ATH are in End of year months and it was very simply THE ATH of that cycle. It was the highest point.
And as you can see, Current PA has followed it (all be it with a certain tolerance of error)
The 2022 period was hard for BTC as we know and so the PA was driven lower but Still survived.
We can also see how it took some time for confidence to return fully but.. Here we are now, since Q3 2023, following it again Spot on.
And if we are going to continue to do this, we need that -30% Pull back as seen on the Fractel. And we do need it.
Weekly MACD is currently turning Bearish and if we want to get to a new ATH in 2025, that MACD needs to be coming off Neutral at best.
Should PA Avoid that pullback, and Range for 6 months again, it will begin to fall under the fractel. I am not sure if that is OK or not but given that we have been Above it since Jan 2023, It is not something that would give me confidence.
So, for me, I am cautious, waiting / hoping for a Drop that would be swiftly bought back up
BUY THE DIP
But then, there will come a day where we no longer follow that Fractel because, as Fantastic as it would be to follow to the top and Get a $1.3 Million BTC, I do not think it is something we should expect just yet
But then, This IS Bitcoin
Anything can happen
Be safe
HCLTECH's Resilient Bull RunTopic Statement: HCLTECH is on a strong bull run, resilient to the recent market correction, with a healthy profit growth and price trading at its lifetime high within an up-trending channel.
Key Points:
1. Company reported a 7.5% profit growth QoQ.
2. Price is moving in an up-trending channel, simplifying channel trading.
3. Trading at its lifetime high.
Himadri Speciality Chemical Ltd. Himadri Speciality Chemical Ltd. is a leading player in the chemical industry, primarily engaged in the manufacturing of carbon materials and chemicals.
Profitability: The company's profitability has been on an upward trajectory, with significant growth in net profit margins and overall financial stability.
Technical Analysis: On the technical front, Himadri Speciality Chemical Ltd. is exhibiting a Head and Shoulders pattern on the daily time frame, indicating a potential target of 670++
Darvas Box in Apollo Hospitals Enterprise LtdApollo Hospitals, is a leading integrated healthcare services provider in Asia with a robust presence across the healthcare ecosystem.
The company has shown good profit growth of 34.3% CAGR over the last 5 years and maintains a healthy dividend payout of 22.6%.
Technical Analysis
Consolidation: The stock has been consolidating for the last 15 - 18 days and is ready to give a breakout for a new high.
Darvas Box Formation: The stock formed a Darvas Box at its 52-week high and corrected around 15%.
Volume: Volume is starting to increase, indicating potential for a breakout.
Entry Point: Early entry can be taken around the highlighted range with a stop loss of ₹7,130.
Target: Open /Trail
What do you think about this? 🙂
Markets are falling & here are a few reasons.There are a lot of versions for our falling markets. Let's evaluate a few of those -
1. Poor performance of companies -
This reason may be justified for dip in market during the last-to-last quarter but not for most recent one since the results have just started dripping in.
2. FII selling -
May be true but again DIIs are almost matching their sell no.s
3. Mello sentiments from Indian retailer -
Nah! At least the mutual fund data for December doesn't say so. Investors have reduced their positions in debt mutual funds and invested double of what they did in Nov in equity mutual funds.
So what possibly can the reasons be? What this video which exactly tell this.
HUGE SELLING ON CARDS IN BANK NIFTY ? - SHORT TRADE VIEWSymbol - BANKNIFTY
CMP 50080
BN is currently trading at a major support area which is acting as a support zone from last 7 months. This support liquidity zone has tested multiple times & there is Triple top pattern is formed. I am expecting breakdown of this support zone in near future which will trigger huge selling in bank nifty & bank nifty may correct 8-10% from current price.
Hence I am creating short positions Bank Nifty Futures at CMP around 50100
I will add more position around 50500 - 50700 area & I will add more position on breakdown of 49500 - 49400 area as well. SL I am following is above 51K.
Target I am expecting is 49600 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
ASTRAL - SWING TRADE ON LONG SIDESymbol - ASTRAL
ASTRAL is currently trading at 1555
I'm seeing a trading opportunity on buy side.
Buying ASTRAL Futures at 1555
I will add more long position at 1535, if comes.
Holding with SL of 1515
Targets I'm expecting are 1630 - 1685 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TRADE IDEA ON SHORT SIDE - US DOLLAR INDEX (DXY)Symbol - DXY
DXY is currently trading at 109.16
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 109.16
I will add more position if 109.65 comes & will hold with SL 110.05
Targets I'm expecting are 108.00 - 107.30 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Key Levels to Watch for January 7, 2025
An M-pattern has formed near 24,150, with a pending target of 440. The market attempted to break 23,777 and hold above 720 but failed.
If it breaks 680, targets are 650 and 540, with potential for 350 if negative sentiment persists.
If it breaks 800, the target is 850.
Disclaimer:
This is for informational purposes only, not financial advice. Trade at your own risk.