Nifty: Mahakumbh 2025 to bring "Ache din" for Stock Market ?Is this a coincidence or Divine Significance !!
Will the 144 days Time Cycle for Nifty and Mahakumbh 2025 which happens once in 144 years, bring good omen for stock market ??
Only Time will tell, but what's certain is that if we're well prepared, we can make the most of these opportunities.
Index
US 30 - What Next ?Since November 2023, the index has been moving in a rising parallel channel. This time, again, it comes to the lower edge of the channel.
If shows a reversal from the lower edge, may go into a bullish phase. MACD shows a reversal sign too. But merely this is not enough. should wait for some more confirmations. However, this is a good time to exercise a position with a low risk.
If gives a bounceback around these levels, may go around 44500 or more..
This illustration is only for learning and sharing purposes, it is neither a prediction nor a trading advice in any way.
All the best for your trading plans.
Minda Corp Breaking Major Levels after Bouncing from 200 DEMANSE:MINDACORP today broke major Levels with good Volumes and Made a Good Base near the demand zone near 200 DEMA, and RSI showing Bullishness.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
631.50 Levels for Positional Trader.
Stop-Loss:
Around 504.95 For Swing Trade and Recent Base for Positional Trader.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
$ - Sell ?For several months $ was weak but as US Equity reached new ATH $ was making accumulation at lower levels and took lot of time to rise. Right now $ index is at golden ration level and I expect possibilities are distribution and price could fall in coming days and I do not expect $ index to rise further higher. with new president having plans to make US exporter and wanted a weak dollar combined with BRICS and world nations following non-dollar trades. So I am expecting $ index to fall and its right time to sell Dollars and Buy Euro and Yen.
Metal Index: Ascending Triangle Broken, Testing Support LevelsDescription :
The CNS Metal Index recently broke below the 5th pivot of an ascending triangle pattern. This signals a potential bearish shift in momentum. The next key level to watch is the support zone around 8100. If this level is tested and broken, it could indicate further downside potential.
Traders should watch for confirmation signals, such as increasing volume on the breakdown or a sustained close below 8100, before making decisions. Conversely, if the index rebounds above the broken triangle line, it might invalidate the bearish scenario and suggest a consolidation phase.
Disclaimer :
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional financial advisor before making any trading or investment decisions. Trading involves significant risk and may result in substantial losses.
nas100 or Nasdaq can touch 27000 in next year 2025i think nas100 can touch 27000 in nxt year , this analysis is base on Fibonacci retracement.
Chart time frame is monthly. I believe that monthly analysis is best for Future predictions it can gives us 90-95 percentage. lets see what happen in next year.
Nifty (is this last hope for buyers?)nifty last hope for buyers it looks more denger if hold below 23300 then it can be gone to hell
FII already sold most of things as seen on fii data
in chart can seen from ab=cd nifty short runninf from top then h & s pattern done and breakdoen and it has been completed the 1:1 tg of h&s ,
now nifty create bat harmonic pattern @ bottom with trendline support
ACCORDING TO NIFTY SPOT can reverse from the area first 23700-680 area second 23380
it ve very strong support and last hope 23200 below closing
FOR SAFE SIDE WE CAN PLAN TO BUY ABOVE 23891 WITH CLOSING SL 23500 AND TARGETS 24300-24700-25600
trailing stoploss metod can use in this
do not work without stoploss
nifty pe ratio 21.3
Nifty Index Futures: Key Technical Insights for December 2024The Nifty Index Futures chart highlights significant market developments, signaling potential shifts in momentum. Here’s a concise analysis:
Key Highlights
Trendline Breakdown:
The long-standing upward channel has been breached, indicating bearish pressure.
Bearish Patterns:
A confirmed head-and-shoulders pattern with a neckline breakdown suggests further downside.
Emerging lower highs and lower lows confirm a bearish trend structure.
Critical Levels:
Resistance: 24,400 and 25,000.
Support: 23,625, 23,222, and 21,827.
Scenarios:
Bullish: A recovery above 24,400 could target 25,000.
Bearish: Sustained trading below 23,625 may lead to 23,222 or lower.
Trade Plan:
Short Trade: Consider shorting below 23,625 with a stop-loss at 24,000 and targets at 23,222 and 21,827.
Nifty 50 - A Healthy Market Correction, Not a Crash!The recent dip in the Nifty index should be seen as a healthy market correction rather than a crash. Corrections are a natural part of any market cycle, helping to recalibrate overvalued stocks and present opportunities for long-term investors. While short-term volatility may cause concern, it’s essential to focus on the broader trend. Key support levels are marked, and as the dust settles, the market could find new momentum to move upward. Staying patient and strategic during such phases often proves rewarding.
Expect a follow-up to this in the coming months.
FINNIFTY MATHEMATICAL LEVELSThese 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
Nifty 50 - What Next?The chart is self-explanatory. On daily time frame, the index has formed a head & shoulder pattern. If gives a breakdown, it may come around 24000. If gives a bounce back, we will expect to retest the gap area upside around 25670.
What is your opinion, please share if you wish.
This is only for learning and sharing purposes, not a trading advice in any form.
All the best for your trading journey.
NIFTY | Possible support after mega fall ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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NiftyIT - CNXIT - Weekly -Cup and HandleNifty IT Weekly analysis of the Nifty IT Index, showing a Cup and Handle pattern
Key Insights:
Cup and Handle Pattern:
The pattern began forming around mid-2022 and completed by 2023.
The breakout from the handle occurred around 38,539.00, which is a critical support level now.
Measured Move and Target:
The chart projects a potential upside target near 51,077.75, based on the height of the cup.
A 48.01% gain from the lowest point of the cup is also marked, giving more context to the potential upside.
The measurement from the cup's bottom to the breakout level shows a 32.48% gain potential from the breakout point.
Price Action:
The index reached a recent high of 43,645.90 before pulling back slightly to 42,089.30.
The pullback might be a healthy consolidation after the strong upward move.
Support Levels:
Key support is identified at 38,539.00, which was the breakout point of the handle.
The chart shows another strong support level at 26,164.20, which was the bottom of the cup, though this level seems far from the current price.
Conclusion:
The Nifty IT Index appears to be in a bullish continuation phase after breaking out of a multi-month cup and handle pattern. While the target of 51,000 seems plausible, a healthy pullback or consolidation might occur around the 42,000 to 38,500 levels before further upside.
The CNX IT (Nifty IT) index consists of the major IT companies
Here's a list of the top stocks that are generally part of the Nifty IT Index:
Tata Consultancy Services (TCS)
Infosys Ltd.
Wipro Ltd.
HCL Technologies Ltd.
Tech Mahindra Ltd.
L&T Technology Services Ltd.
Mphasis Ltd.
Coforge Ltd.
Persistent Systems Ltd.
LTIMindtree Ltd.
Tech-Finance Synergy Could Boost Nifty This Week!Nifty It NSE:CNXIT
The IT index has been in a consolidation phase for an extended duration and developed a Cup & Handle pattern.
After breaking out, the index has effectively retested the breakout level and is now on an upward trajectory.
In the past week, the index gained approximately 3% and is showing robust strength, with expectations for further upward movement.
Nifty Private Bank NSE:NIFTYPVTBANK
The Private Bank index is currently experiencing a positive upward trend.
It previously established a Cup & Handle pattern, and following a breakout, the index saw substantial gains, consistently recording higher highs and lows.
After hitting an all-time high near the 26,650 level, the Private Bank index retraced to its immediate support zone and is now rising once more.
With a significant increase of almost 2.7% last week, the index seems to be in a bullish phase at present.
NIFTY... ELLIOT WAVE COUNTING... BULL TREND STILL INTACT!The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon.
This progression can be clearly seen in the chart. I am optimistic about seeing the Nifty reach 26,000 this year.
Remember, the market is supreme, so trade cautiously.
Banknifty Trend Report Hello Everyone 👋
Today Bank-Nifty Try to Break High if Bank-nifty Break High so we need to cut our Down position.
Give me Some Time Today We upload Some Levels So you Can I Easily Identify Trend.
1.Bullish Shark Harmonic Pattern: The BANK-NIFTY chart currently showcases a Bullish Shark Harmonic Pattern forming within a rising parallel channel. This pattern suggests a potential bullish move, provided that the price holds above the crucial level of 50,149. That level should act as a strict stop loss.
2.Recent Trend: On August 14, there was a trending move. The price consolidated in the morning for a few hours and then started to fall. Currently, the price is at a support level, and it can either move up or continue to fall. The trend direction is still deciding, so keep an eye on it.
3.Long-Term Investment Considerations: If you’re considering long-term investment in the banking sector, consider Bank Nifty ETFs. These exchange-traded funds offer easy diversification and flexibility.
Banknifty is at a key support level—will it rebound?
In recent months, the bank index has been on a remarkable upward trajectory, consistently achieving higher highs and higher lows.
After reaching an all-time peak close to 53,350 (specifically at 50,358), the bank index experienced a correction.
At present, the index is hovering around a significant support level of 49,750, which also aligns with the trendline support visible on the chart.
There is a strong expectation that the bank index will bounce back from this point and resume its upward trend.
However, if this support is broken, the next level to watch will be around 46,000 to 46,300.
To regain its bullish momentum, the index must overcome the immediate resistance located between 53,000 and 53,350.
Nifty 50 By KRS ChartsDate: 1st Aug 2024
Time: 9:12 AM
What is going on in NIFTY 50 ?
1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too.
2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe.
3. There are clear supports and Resistances are visible in Nifty 50, Today is open with Gap up and Breaks 25000 level for very first time.
4. Nifty can clearly go for 25226 but also it can reach above bigger Resistance too.
Nifty Pharma: Displaying Strength at the Summit(1) The price has been consistently trending upwards over the past year.
(2) Following the breakout of the Pole & Flag pattern, the price surged sharply.
(3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally.
(4) After 3 months of consolidation, the price finally broke out and started moving upwards.
(5) The price is currently at its all-time high and appears poised to continue rising.
Nifty FMCG - Price Action Indicates Robust Growth
The chart clearly indicates that the index is experiencing a robust uptrend.
Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out.
The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation.
Despite attempting to surpass the resistance level, the price failed.
Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend.
Additionally, the current RSI is above 60, indicating the strength of the index.