consolidation breakout TATA POWERTata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh ev charging stations by 202
Gann
where nifty can go before diwali?lets have an look for this month. the target almost done. pending target to see some 25950, 26053, 26168.
overall nifty going to see 27585 before diwali this year. actual target for the recent support 23880. if holding this 25508 and 23880.. then this motive wave can extend to see 32000 by 2025
Bitcoin Bybit chart analysis September 20Hello
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Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
In the section with a high possibility of sideways movement,
I created today's strategy centered on Tether dominance.
*One-way long position strategy when the red finger moves
1. $62,924 long position entry section / stop loss price when the green support line is broken
2. $64,272.5 long position 1st target -> Top, Good, Great
Target price in order during the weekend
If the strategy is successful,
You can use additional long positions in the wave section that proceeds from the last red finger.
The movement within the orange resistance line / green support line
is an extreme sideways market.
From the breakthrough of the 1st section at the top, it is an upward trend section.
From the touch or breakout of the 2nd section at the bottom,
It can fall to the next pattern, the 1+4 section, Bottom.
Please check the 3rd price support line at the bottom until the weekend.
Up to this point,
I ask that you simply use my analysis for reference and use only
I hope that you operate safely with the 6 principles of trading and the stop loss price.
Thank you.
Bitcoin Bybit chart analysis September 19Hello
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This is the Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement at 9:30 and 11:00 shortly.
Bitcoin has currently reached the Bollinger Band daily chart resistance line and
the weekly chart center line.
It is different from the short position operation method,
and the weekly chart center line is not the first touch,
so I see a high possibility of raising it with force,
and I focused on long positions based on the Nasdaq flow and current pattern.
*Red finger movement path
One-way long position strategy
1. $61,940 long position entry section / stop loss price when purple support line is broken
2. $64,272.5 long position 1st target -> Good 2nd -> Great 3rd
Currently, the 1-hour chart MACD dead cross is coming out in this order,
but if the 1st section at the top is touched or broken through first,
the dead cross will be ignored and the upward trend can be connected right away.
At this time, the 2nd section at the bottom
I think it would be good to see it as the minimum upward wave that connects to the 1st section.
It can be connected to a vertical rise.
When reaching the top section, depending on the situation,
Rather than entering a short position, the finishing section at the bottom of $63,420
is expected to be an additional entry point for a long position,
but please set the stop loss price personally and operate it.
From the purple support line breakout
From the bottom, there is a possibility of sideways movement or additional adjustments after tomorrow.
If it breaks through the black resistance line 1 section today
Since it is a channel that must be broken through
You can see it as a somewhat meaningful movement from a long position standpoint.
Up to this point, I ask that you simply use my analysis for reference and use
I hope you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis September 12Hello
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be released at 9:30 in a little while.
Nasdaq and Bitcoin
almost reached the center line of the daily chart's Bollinger band.
Probably many people are looking at the short position for the first touch contract adjustment.
I judged that there was no problem with the pattern and signal,
so I created a strategy that can raise it with force.
I will continue the strategy from the 2nd place, yesterday's long position switching section on the lower left.
*Red finger movement path
One-way long position strategy
1. $57,769.5 long position entry point / green support line breakout, stop loss price
2. $59,110 long position 1st target -> Good 2nd -> Great 3rd
If the 1st section at the top breaks through
It can be connected to an upward trend, so it must break through
The 2nd section at the bottom is a support line,
But it is a place where the short-term pattern can be broken when touched.
(Bollinger Band 2-hour chart center line)
Wouldn't it be nice to see a clean rebound?
If there is a strong decline before and after the 1st section touch at the current position,
Bottom-> It can fall to the 3rd section after tomorrow, so please note
and above all, pay attention to the Nasdaq movement.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
nifty 50 expiry on 19 sep 2024 support 25200 25100 25000
act according to move gap down in case of negative global news
resistance is 25460 25500 25600
profit booking level and also call build in option chain IT sector looking weak profit booking expected in banking sector tomorrow
look for chart pattern trend analysis and harmonic pattern
bank nifty 0n 28 Sep 2024 for educational purpose only time frame 30 m
resistance 52377 52466 52555
support 51933 51822
Pivot levels 30 m
R3 52816 R2 52196 R1 51812
S1 50571 S2 50188
levels for tomorrow trading look for chart pattern harmonic pattern wave analysis ORB 15 candle to find out the momentum .
observe the impact of news pending for tomorrow
bank nifty 0n 16 Sep 2024 for educational purpose only finding resistance at 52000 close near PDH . PDC is between R1 and R 2 near R 2 if it crosses above R 2 level than it will be above 52000 level it may move to 52400 level demand level on 15 m TF is near pivot level look for supply and demand level during day observe the move and find which strategy will work better
nifty 50 on 16 Sep 2024 close is below R 1 and supply area on 15 m time frame it may move down to P level and move up . if it crosses R1 level it may move to R 2 level
market movement will depend upon opening if breaks down P (pivot level ) than it will find a support at S1 and S 2 look for better opportunities during market
BF Utilities LtdDate 14.09.2024
BF Utilities
Timeframe : Weekly
FYI :
1 The Company was born out of a scheme of demerger with Bharat Forge Limited
2 It is in the business of generating electricity through windmills and infrastructure activities
3 BF Utilities is a part of $3 billion Kalyani Group
Remarks : Technical
1 Formed a rounding bottom pattern
2 Neckline of rounding bottom = 23.6% of Fibonacci retracement
3 Enter once cross or closes above 820, stoploss 750 closing basis on weekly timeframe
4 Target 1 = 1008 & Target 2 = 1250
5 If goes below 750 then short/weak. Will spend more time in consolidation w.r.t rounding bottom
Even though technically there's opportunity to take an advantage of the momentum once cross the neckline. However, its my responsibility to share that stock is not that great on fundamental side as of now some key reasons are mentioned below :
Remarks : Fundamental
1 PE ratio of 108.09 - High
2 ROA of 3.10 % - Poor
3 ROE of 4.27 % - Very low
4 Revenue growth of -1.90 % - Poor
5 OPM of -5.91 % - Poor
6 EPS of Rs 7.33 - Very Low
Regards,
Ankur
Bank Nifty Date 13.09.2024
Bank Nifty
Timeframe : Day Chart
This is very powerful analogy to evaluate the rightness of strength whenever market exit from any zone. Many traders & investors get stuck when their understanding with respect to momentum/speed of move is not there. Something what happened yesterday after 1300 hrs.
Therefore, i am presenting future conditions using analogy between Fibonacci, Fibonacci speed resistance fan & Gann.
Remarks :
EXTENSION :
1 Base of the extension is 23.6 at Fibonacci
2 Zone exit is over gann 4/1
3 38% at fibo fan + 23.6 % Fibonacci base is broadening ascending high volatile framework
4 Gann 4/1 & 8/1 is small extension with correction bias, thereafter final 8/1 is high momentum exit
CONGESTION :
1 Zone between 38% & 23% strong selling & strong buying created an invisible pin bar
2 50% of fibo fan will act as support & resistance regression between 38% & 23% Fibonacci
3 AT Gann 3/1 & 4/1 will act as support & resistance regression between 38% & 23% Fibonacci
BREAKDOWN :
1 A zone exit from 38.2% which is also a breakdown of invisible pin bar
2 Lowers highs with respect to Gann 2/1 is weaker trend
3 Starting its journey from breaking down 50% of fibo fan & closing below it within congestion zone is early signs of it.
Note* I have done extensive work & research of when Gann is useful with respect to time cycle & which are the key areas. It may possible that some of you might not understand from what's mentioned above. I would request you to keep it safe as screen shot for future reference & see it by yourself in future what mentioned in comments & how market will react.
In case of deeper clarification & understanding feel free to get in touch.
Regards,
Ankur
bank nifty on 13 sep 2024 for educatinal purpose only Recommendation:
Buy at / above: 51813.14 Targets: 51844.13 --- 51901.05 --- 51958.01 --- 52015.00
Stoploss : 51756.25
Sell at / below: 51756.25 Targets: 51725.24 --- 51668.38 --- 51611.56 --- 51554.76
Stoploss : 51813.14
Resistance 1 Resistance 2 Resistance 3 Resistance 4 Resistance 5
51870.06 51927.02 51984.00 52041.02 52098.06
Support 1 Support 2 Support 3 Support 4 Support 5
51699.39 51642.56 51585.77 51529.00 51472.27
all important level for tomorrow are given above
IOL Chemicals and Pharmaceuticals LtdDate 12.09.2024
IOL Chemicals and Pharmaceuticals
Sector : Pharmaceuticals & Drugs
Timeframe : Weekly
Remarks :
Stock has reached at major confluence at Gann 4/1 & major support & resistance.
Trade & build long position carefully & having a right kind of quantity.
Once it exits both Gann + major s/r area then can expect good upside momentum.
Some points needs to be understand since it in news & most of people blindly follow news:
1 FII holding only 1.39% & DII holding only 0.09% - Poor
2 EPS (yoy) growth was -3.26 % which is bad for the company
3 Operating profit margin 10.86 % which is a bad sign for profitability
4 Have have a poor return on equity of 8.69 %
5 Falling sales & profit growth
Regards,
Ankur
Bitcoin Bybit chart analysis September 11Hello
It's a Bitcoinguide.
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You can receive comment notifications on real-time travel routes and major sections.
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Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
The CPI indicator will be announced at 9:30 in a little while.
In Nasdaq, we proceeded with the strategy with vertical or strong upward conditions, but today, Bitcoin is the problem.
The first is a danger signal.
The 4-hour chart MACD dead cross is under pressure,
and secondly, we need to find a rebound section,
but the 1+4 section is ambiguous.
It is also a section with a very high possibility of sideways movement.
After much thought about how to connect it to profits,
we proceeded with the safest method.
*Red finger movement path
One-way long position strategy
1. 56,224.5 dollars long position entry section / green support line breakaway price
2. 57,628 dollars long position 1st target -> Top 2nd target -> Good 3rd target
The reason why I marked the purple finger on the top is
Because there was no short position entry position today
The direction can be divided before and after the touch.
There is also a possibility of an immediate rise after the touch.
If the touch fails, there is a possibility of a vertical decline
There is a possibility of a breakaway up to the 3rd section
From the touch, you should see a strong possibility of a decline in the downward wave.
After the touch,
The strategy is more likely to succeed if the rebound is successful in the central line section (1+4) of the Bollinger Band 4-hour chart.
If the orange resistance line is broken at the top today,
the uptrend is connected,
and the 4-hour chart MACD dead cross is ignored
but (Bollinger Band 4-hour chart resistance line touch condition)
if the orange resistance line is not broken,
the 4-hour candles must continue to be created
and the MACD dead cross must be completed without breaking the green support line.
It's hard to explain, but the conditions are very strict, right?
At 9 o'clock in a little while,
the position of the center line of the 4-hour Bollinger Band chart is very important when the 4-hour candles are created.
The red finger long position entry section can be 56.2K or the 2nd section,
and if the green support line is broken today,
the pattern can be broken by touching the center line of the 6-hour Bollinger Band chart,
so the green support line must be maintained unconditionally.
Lastly, the NASDAQ must also succeed in rebounding
and all other conditions must be met
for the strategy to succeed.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Union Bank Of India Date 11.09.2024
Union Bank Of India
Timeframe : Weekly
For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Union Bank Of India has earned Rs 99,777.96 Cr. revenue in the latest financial year. Union Bank Of India has posted decent revenue growth of 13.21 % in last 3 Years.
In terms of advances, Union Bank Of India reported 14.30 % YOY, rise . If you see 3 years advance growth, it stands at 13.79 %.
Currently, Union Bank Of India has a CASA ratio of 33.58 %. It’s overall cost of liability stands at 5.06 %. Also, the total deposits from these accounts stood at Rs 12,21,528.37 Cr.
Union Bank Of India has a average ROA track record. The ROA of Union Bank Of India is at 1.02 %.
The Lender is efficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA of Union Bank Of India stood at 4.76 % and 1.03 % respectively as on the latest financial year.
One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -49.13 % which means it has decreased from the previous year.
Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Union Bank Of India surged and is currently at Rs 16,080.19 Cr.
Union Bank Of India has a Good Capital Adequacy Ratio of 16.97 .
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Union Bank Of India is trading at a P/B of 0.97 . The historical average PB was 0.60
Regards
Ankur
ONDO NET BULL RUN TARGET ONDO Crypto Coin: Buy at $0.61 for a Target of $17 Based on Neo Wave and Time Analysis**
This analysis suggests a strong buy for ONDO at the current level of $0.61, with a target price of $17. The forecast is based on Neo Wave theory and time analysis, indicating a significant upward potential.
1. **Current Price Level:**
- ONDO is currently trading at $0.61, presenting a favorable entry point for investors.
2. **Neo Wave Analysis:**
- The Neo Wave theory, an advanced form of Elliott Wave analysis, identifies a corrective wave pattern that has completed its cycle.
- The current wave structure suggests the beginning of a new impulsive wave, which typically leads to substantial price increases.
3. **Time Analysis:**
- Time analysis indicates that ONDO is at the end of a consolidation phase.
- Historical data shows that similar patterns have led to significant price movements within a specific timeframe.
- The projected timeline for reaching the target price of $17 is within the next 12-18 months.
4. **Technical Indicators:**
- Moving Averages: The 50-day and 200-day moving averages are converging, indicating a potential bullish crossover.
- RSI: The Relative Strength Index is currently at 45, suggesting that ONDO is neither overbought nor oversold, providing a balanced entry point.
- MACD: The Moving Average Convergence Divergence indicator shows a bullish divergence, supporting the upward trend prediction.
5. **Market Sentiment:**
- Positive market sentiment and increasing adoption of ONDO's underlying technology are additional factors that could drive the price upwards.
BANKNIFTY MATHEMATICAL LEVELS FOR THIS WEEKThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only