Nestle India - How to trade on 08-04-2024
Please read the notes as mentioned on the chart. There is no important time candle for Monday. Better would be to check opening candle of all the stocks and make decision only after 9:33 a.m.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes only. Please consult your financial advisor before making any decision. I will not be responsible for any of your profit or losses.
Gann
BTC - Live Market Analysis - How to trade today
Please read the notes as mentioned on the chart and act accordingly. Keep an eye on the time candle mentioned, will decide trend for long term today. Trade with caution. 67718 and 67709 is the price range of this candle,
Disclaimer:
I am not a registered analyst with any National/International regulatory agency and will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision.
Thank you
SKM EGGS for risk takers Stock have given has given 45% returns in last 5 trading sessions.
Rs300 to 280 can be a good price to enter, but risk takers can enter at any point.
Company delivered good profit growth of 127% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
Company has been maintaining a healthy dividend payout of 17.8%
ROCE
46.4 %
ROE
48.2 %
What say? Adding at Rs1600No stoploss for this month.
Adding at 1600 with a mindset of gap filling.
Will add some quantity today even if price does not touch exact 1600.
Take a look at
Group Companies:
KP Energy Limited
KP Green Engineering Private Limited
KPF Green Hydrogen & Ammonia Technology Private Limited
KP Human Development Foundation
ROCE 24.7 %
ROE 53.4 %
NIFTY 50 DAILY SQUARE OF 144 05 APRIL 2024Index closed above the 22500 at 22514.65 and finally moved into the next square. Chart shows the Square of 144 on daily timeframe. Various time and Price coordinates are available to use on chart as Square of 144 Theory. 16 April 2024 is the time Period to watch in the square of 144. Corresponding Price is 22643.40. Use the Price and Time dynamics for further clues on Nifty 50.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the software for this opportunity to use it freely to
express our ideas to the community of traders.
04 Apr - BN - The opening RED candle, RBI MPC meet will decode..BankNifty Analysis - Stance Bullish ⬆️
The beauty of BankNifty today was that its fall did not go below yesterday’s close. Yes, the fall was intense, but the recovery was more elegant - a steady rise showing immense Bull strength.
And if you read today’s report along with what we wrote yesterday, you might have become a true fan of the Bulls. A true jump above the 47465 support shows the index is really gearing up for its breakout. Just take a look at HDFC Bank’s chart, the recovery from the recent lows has been really amazing. And when the Elephant is in the mood to run, there is nothing the smaller animals can really do.
We wish to start the day tomorrow on the bullish side. The RBI MPC meeting will be closely watched and I would really like to know why we had a strong opening RED hourly candle. There might be something that they know that we dont, let us find that out tomorrow.
–
Algo Trading
Our algo trades ended today with losses of Rs9757. I had to manually override and square off the trades to limit the losses. In Hindsight, that proved like a good decision.
Asian Paints - How to trade today
Buy only if opening is above yesterday's low or after opening, it crosses yesterday's low.
Please read the notes as mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. It is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
NIFTY 50 HOURLY GANN LEVELS CHART EXPIRY 04 APR 2024Nifty 50 hits a double top around 22523.75 levels seen on chart. First hit was at 9:00 am on 01 April 2024 a April fool day. then second hit was at 12 pm on 03 April 2024 level was 22521.10. This was a lower top on earlier top at 22529.95 so it was a clear short with 10 points stop loss on high of 01 April 2024. Not forgetting the high of 28 march 2024 at 22516 making it a triple top.
Yesterday we saw a rise of nearly 175 points and we retraced 56.25% of the rise in afternoon. Gann 50% rule was at work again....can't forget it ....my money spinner for last 10 years....
For today's expiry we have important level at 22440.50 as trend decider... Use it as your trading bias.... Use a +/- range of 33 points on either sides for breakouts or fake-outs as and when they happen..
Happy Trading !!!
Natural Gas - How to trade today - Live Market Analysis
Please read the notes on the chart.
Today's time candles are
4-4-24 7:31 AM
4-4-24 11:57 AM
4-4-24 4:24 PM (Pivotal) Going to decide the future trend
4-4-24 8:50 PM
4-5-24 1:16 AM
Disclaimer: I am not a registered analyst with any National/International Authority and it is only for the educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses
Thank you
Crossed an important resistance todayThe Gann angles drawn from the top which was formed on 10th August 2018 Graphite treaded under Gann influence of this resistance for the last six years. Today it has crossed the resistance when it closed above 650. If it manages to remain above this shadow for sometime, it may test a level of 940 by August 2024. 619 will be a good support till then.
NIFTY BANK HOURLY GANN LEVELS CHART 03 APR 2024Index has rallied from recent lows of 46529 on 14:00 candle on 26 March 2024. Index has hit a high of 47707 on 9:00 am candle on 02 April 2024. Giving it a nearly 1200 points range. Current close is at 47545. On charts we see 47530 as the trend decider level for the expiry today. Expansion on upside may be seen above 47608 and downside may be seen below 47452. Use the range for scalping trades. Watch the fake outs on the range if sustained outside the range could give a good trade.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the software for this opportunity to use it freely to
express our ideas to the community of traders.
Asian Paints - Stock to buy today
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
BankNifty- 02 Apr - 47465 support defense crucial for UP moveBankNifty Analysis - Stance Bullish ⬆️
BankNifty defends the support of 47465 today also, much-needed confirmation to hold on to our bullish stance. The next leg of the rally should ideally come from the banking sector. But the biggest concern I have is that the actual torch bearer of the directional trend has shifted to NiftyIT from BankNifty. From Jan 2024, BN has been a laggard whereas NiftyIT did drive the Nifty50’s directions. The power struggle was quite obvious as Jan to March was pretty bad for most option traders. Neither the trend following nor the option selling strategies worked out.
NiftyIT is currently in a reversing trend. If BankNifty starts to move up and IT moves down and if Nifty sides with IT rather than the banks then we are in for a big disappointment. Let us hope the Banks take back the control from IT, the rationale being it is the sector with the highest weightage. The trend is safer if the highest weighted sector drives the show.
The first thing BN has to do is take out the ATH. We wish to start the day tomorrow with a bullish tone and then switch to a cautious mode if 47465 support is getting broken. Tomorrow being expiry, a 100+ quick points move could surge the options premium. As it stands the premiums are not suggesting any directional move.
Algo Trading
Our algo trades ended today with a gain of Rs31517, again I pulled the plug early to save the transaction costs and book 2/3rd of theoretical profits.