Get started

Indianmarket

BULLISH on NIFTY 50 IndexNSE:NIFTY I am Bullish on Nifty 50 Index for long term, as on the weekly timeframe, it has given the breakout of the downward sloping Trendline. The price is trading above the Moving Averages which shows bullishness. The MACD indicator has given a bullish crossover. The RSI indicator is above 50 indicating a good momentum. The price is just 3.5% down from all time high. In short term, the prices can face resistance near the ATH but i don't see any Reversal from there. It could be a small correction as the prices have rallied almost 18% from the June lows in a straight line. But my Long term view remains Bullish because of the confluence of technical indicators and price action. To find the targets i have use Fibonacci Retracements. The 1st Target comes is near 21000 levels which is 17% from CMP, and the 2nd Target comes is near 25800 which is 44% from CMP. My view is for 1-2 years provided that all the Macro economic conditions and Indian Economic Conditions remain more or less same and consistant. And major and drastic changes does not happen. Fundamentally I am Bullish on India's Growth. I find it a good time to start Investing in Nifty 50 ETFs or invest in a lumpsum amount apart from current going SIPs and take advantage of the momentum. Disclaimer : This is my own view and analysis, It is not a recommendation, call or any kind of tip. This is for educational purposes. Do your own Analysis before Investing.
NSE:NIFTYLong
by Kunal-Battu
6
NIFTY for tomorrow (27th July) - Important levelAs per our price-action study of the NSE:NIFTY in Daily chart yesterday (26th July), we though Nifty can potentially retrace back upto the channel's middle band. And today's Low is exactly the middle channel. And the candle is sort of Marubozo candle. So naturally there are two possibilities: 1. The price can trace down upto the lower band of the channel. 2. The price can pull back upto the higher band of the channel. The direction would definitely be driven by the global cues, specially as there is the Big Ticket event of Fed Rate hike decision (tomorrow late night).
NSE:NIFTY
by pradipandsuvra
NIFTY Cyclical Movement19 OCTOBER'21 - 18 JANUARY'22 The NIFTY index reached level 18,600 (approximately) in October'21 and retraced close to 11% in 62 days from point A to point B (refer to chart) in 62 days. At this point, a support trendline was extended from "1" to "B" after the market gained bullish momentum. NIFTY regained it's 18,000 mark and reached level 18,350 (point C) in 29 days. This ends CYCLE 1 in the analysis. 18 JANUARY'22 - 4 APRIL'22 Retraced 14.64% from C to point D in 48 days, a faster downfall at a shorter a period of time. But, NIFTY has been keeping constant in its uptrend by taking approximately a month to regain its past high, 27 days from D to E while rising 4% (approximately) more than it did before. 4 APRIL'22 - 16 JUNE'22 From E to F (13%) in 39 days which coincides the hypothesis that their exists a pattern in the way the market is falling and rising with the days of retracement becoming shorter and on the buy side, the time frame remaining same. Keeping this in perspective, NIFTY can reach 18,140 (approximately) till 16 June with a buffer of note more than 1 week. Once it reaches 18,140, I am expecting 4% further upside close to 18,800. The market seems bullish-biased since the ability of the market to recover faster from the fall is evident.
NSE:NIFTY
by Anurag16
4
BHEL LONG Term ProspectWelcome to the update for BHEL for long-term holding. It was in a downtrend for a long time. It finally broke the trend and is ready for another leg up. It retested successfully and is currently trading around Rs 54.90. It can show a potential rally of around 42% from here as it looks good both technically and fundamentally. The expected entry range should be between Rs 52 to Rs 56. The target is expected to reach around Rs 77+ within a few days. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
NSE:BHELLong
by ScramblerG
(IRFC) NSE STOCK ANALYSIS 17/03/2022This is an update of our past analysis which is linekd bellow. Technical analysis: There exist a double bottom candle pattern formation on the daily chart which is the sign of trend reversal and bullish trend start Fundamental analysis: The stock seems to be undervalued as it is very close to its pegged values. It is a semi-government company which means, if the price falles bellow the pegged price then there are chances of merger arbitrage and liquidation of the entire company. Such an event is very very rare as this company is responsible for the Indian railway financial contacts and beaurocraces and at the event of its liquidation government may step in and prevent its happening so it seems to be a very safe buy for us. We should keep in mind that this script may move slowly and the value appreciation may take some longer time as compared to other low liquid and higher volatile stocks. There are total of 3 Targets as previously defined Market may follow to the targets with some trend corrections.
NSE:IRFCLong
by BitonGroup