NIFTY ITHello & welcome to this analysis
NIFTY IT (CNXIT) appears to have completed in
Monthly from 2016 lows an impulse 5 waves up
Weekly shows a running flat wave 4 followed by sub waves of the terminal 5th wave
Daily indicates post the impulse an ABC corrective ended (ending)
is this A of abc down after a monthly 5 up or is it wave 2 complete with this ABC?
It is too early to say the latter. Normally the corrective tends to retest the start of the preceding sub wave 4 that is around 31000 but that is not mandatory as per Elliott Wave rules.
An early indication of which wave is unfolding will depend on how the sub waves come out now, either they will be corrective, then it would be B of abc or they will be impulse then wave 2 has ended and index is into Wave 3.
Interesting days ahead for IT index
All the best
Ichimokuexpert
SMALL CAP INDEXHello & welcome to this analysis
The index gave a sharp bounce back like the rest of the market and is now near a cluster resistance - monthly, weekly & daily @ 16900.
It could consolidate in this zone before trying a breakout for 17500 else dip down to 16000 where it has good support.
Fresh buying in small caps at current levels for short term should be done with caution else wait for breakout above 16900 or dip down to 16000 approx.
ZYDUS LIFE SCIENCEHello & welcome to this analysis
The co gets 50% of its revenue from USA where new policies appear to be hurting the top and bottom line of the stock.
Narrow range 840 - 950, wider range 650 - 1025.
Idea is to buy either after it sustains above 950 or near 650
Happy Investing and all the best with your trading
MphasisHello & welcome to this analysis
Stock could be forming a cup & handle pattern in the monthly time frame with the lower leg of the handle coming to an end.
2000 is an extremely important level for the stock in the short term, while it has loads of resistance between 2300-2800 on the upside as it attempts to complete the handle.
Overall weakness continues below 2000, else one could expect stock to rise steadily towards completion of the bullish pattern
SILVERHello & welcome to this analysis
Since May 2024, Silver (Comex) has surpassed $32.5 only once and failed on 4 attempts (including Fri - 14th Feb). Silver (MCX) has surpassed 96500 only once and failed on 3 attempts (one less due to $:INR impact).
Is this setup a complex H&S in the making (multiple shoulders)? I have my doubts on that because the weekly and monthly patterns are of a cup and handle formation with the latter in the process of currently shuffling out weak hands.
A daily close above 32.50 / 96500 would lead to a strong rally. Strong support now at $31 / 93500
Medium to long term view bullish, short term volatile - waiting for breakout
Regards
GOLDHello & welcome to this analysis
A bearish Harmonic Deep Crab formation took place in the 60m time frame, after an initial dip which formed bullish hidden RSI divergence in 60m time frame the pullback has now formed a bearish Harmonic Gartley in 15m time frame.
Sustaining below 88000 opens for 87500 and 86500.
Good risk reward set up for a bearish trade.
All the best
EMAMI LTDHello & welcome to this analysis
the market has taken a heavy toll across all sectors, not even sparing the defensive sector - FMCG.
What lies ahead for Emami, a fmcg co with established brands across several segments - I have in this video covered the stock across multiple time frames showing likely support areas and probable resistance areas keeping in mind the likelihood of more upside in the medium to long term based on the studies of Ichimoku & Fibonacci
Happy investing
PSU BANKSHello & welcome to this analysis
PSU Banks which had been outperforming Private Banks and the broader market since 2020 have since June 2024.
It has for now stopped the lower high formation, for more strength it needs to sustain above 7250 and confirm a higher low formation.
Happy Investing & Trading
SILVERHello & welcome to this analysis
In the short term it appears to be under pressure mainly due to the strength seen in DXY.
In the medium to long term its in the completion of a very large breakout, we might not see the current price level for decades after 1-2 quarters of 2025
All the best for your Investing and Trading
DEEPINDS - Ichimoku Breakout📈 Stock Name - Deep Industries Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 525.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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GOPAL - Ichimoku Breakout📈 Stock Name - Gopal Snacks Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 505.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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KRSNAA - Ichimoku Breakout📈 Stock Name - Krsnaa Diagnostics Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 951.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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DEEPAKFERT - Ichimoku Breakout📈 Stock Name - Deepak Fertilizers And Petrochemicals Corporation Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1232.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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VISHNU - Ichimoku Breakout📈 Stock Name - Vishnu Chemicals Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 500.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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FSL - Ichimoku Breakout📈 Stock Name - Firstsource Solutions Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 351.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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BFINVEST - Ichimoku Breakout📈 Stock Name - Bf Investment Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 770.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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CARTRADE - Ichimoku Breakout📈 Stock Name - Cartrade Tech Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1050.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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PCJEWELLER - Ichimoku Breakout
📈 Stock Name - PC JEWELLER Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 780.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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