Indianmarket
BANKNIFTY FOR MONDAY(16/01/2023)Hello ji,
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Here is support and resistance Levels are drown.
Today is big profit by me.
Thank you.
Have a nice weekend🙏🙏🙏
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Sell If nifty breaks 18170After dropping nifty jan 2023 gave little push up. it will continue to fall if it breaks 18170.
Sell below 18170. Sl 18425. Target 17920, 17720
NIFTY TRADE STRATEGY 12/01/2023 THURSDAYBuy above 17940 level
Sell below 17880 level
Strong resistance at 18060
Strong support at 17760
ICICI Bank-Double bottom formingAs promised,I have come with the Indian stock market analysis.In this chart,ICICI bank is forming a double bottom pattern in 15m time frame.The first half of the pattern is already formed,now we can catch the other half of the pattern.Also,there is a divergence on RSI,the volume indicator showed the strength to upper side.If the stock opens tomorrow with high volume green candles,a long intraday trade will be initiated for 1:8 r:r to the R1 level as shown on the chart.Levels and entry-exit points are marked on the chart,keep an eye on this.Happy trading.
Gold $ International Chart (Bird View)Analysis On 14th December 2022
This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view.
>Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on.
Furthermore, Last month's upward journey is still not break 50% (Healthy Retracement) of retracement compared to top of B wave (Intermediate Cycle). (Bearish)
Divergences - There is multiple divergences, we can see in above chart,
1. Bearish Continuous Divergence between 2nd wave and C wave within the C wave (Intermediate Cycle). (Bearish)
2. Bearish Reversal Divergence in Wave C (Minute Cycle), Where some sort of Upward Triangle Chart Pattern Has Formed. (Bearish)
After all, I expect one more downside leg which is 5th wave in Minor Cycle, till Depth of Correction in Intermediate cycle of 4th Wave (1451.41 $)
Have a Good Day!!
Descending broadening wedge pattern breakout in SBICARDSBICARD
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakout of Descending broadening wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of above 825+.
✅Can Go Long in this stock by placing a stop loss below 792-.
✅ breakout this can give risk:reward upto 1:8+
Pennant pattern breakdown in DALBHARATDALBHARAT
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakdown of Pennant Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of below 1705-.
✅Can Go Long in this stock by placing a stop loss above 1850+.
✅ breakdown this can give risk:reward upto 1:6+
Head and Shoulders Pattern niftyBreaking 18250 on nifty dec future will go up to 18000. This target i calculated with the line between trendline of the pattern and head of the pattern. keep sl 18500
trade with care. always use sl. good luck all.
Rising wedge pattern IGLIGL
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Breakdown of Rising wedge Pattern .
📈 Strong bearish Candlestick Form on this timeframe.
📈It can give movement up to the Breakdown target of below 378-.
📈Can Go Long in this stock by placing a stop loss above 445+.
📈 breakdown this can give risk:reward upto 1:4+
BPCL - ShortThere is a higher probability for a reversal from the short-term double top levels. The price of crude oil in the international market is expected to rise in the coming weeks. The inflation worries have also not subsided. The fact that the market has peaked, in spite of all these factors, adds to the possibility of a reversal in the price action, in the coming weeks.
Nifty Is above 18000 but Buyer dominance Required for Bull RallyFinally, the Nifty is trading above 18000 but Buyer domination is necessary for the bull run to break the resistance and downtrend line.
Following a good breakout, we may see a bullish surge; but, if the breakout fails, we may see a price reversal and the price may fall.
HDFC BANK - looking good HDFC bank looking if market negative
Today all global market and news are negative
So we choose a direction as per market move
SASKEN TECHNOLOGIES coming out of base.About:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor , Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc.
Located in India, the company has presence all over the world
Technical Points:
1. Price near Resistance zone.
2. Huge Volume Activity near Resistance Area (9x volume above average)
3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action.
4. Relative Strength of Stock has turned positive since 24th October & Sustaining.
5. Stock has formed a good base over 177 sessions or 261 days.
6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture.
7. Once Sector starts its momentum, the stock will fire.
Financial Results:
1. Sales Growth: 19% QoQ & 10% YoY
2. PBT Growth : 120% QoQ & -2% YoY
3. EPS Growth : 140% QoQ & -3% YoY
Comment:
Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated.
Disclaimer:
This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.
RELIANCE IS GOING ALL TIME HIGHas nifty is on 18300 and sudden reaction nifty it sector is bullish the trend on indian market is now to much bullish
reliance is highest weighted on nifty 50 so this stock is to much important is this.
there is gap also between 2675 to 2720
Bullish flag pattern reversal in BAJAJFINSVBAJAJFINSV
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of bullish flag Pattern .
📊 It can give movement upto the Reversal target of above 1795+.
Falling broadening wedge Pattern Breakout in ICICIPRULIICICIPRULI
Key highlights: 💡⚡
📊On 1h Time Frame Stock Showing Breakout of Falling broadening wedge Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 481+.
📊Can Go Long in this stock by placing a stop loss below 460-.
📊 breakout this can give risk:reward upto 1:3+.
NIFTY REVERSAL ZONE as per chart 18900-19100 seems a reversal zone...... and reversal expected up-to red line plotted on chart. That could be massive.
Wedge pattern reversal in MARICO.MARICO
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of wedge Pattern .
📊 It can give movement upto the Reversal target of above 560+.
📊 Inside Candlestick Form on this timeframe.
📊 Can Go Short in this stock by placing stop loss Above 480 or last swing low.
BALRAMCHIN: BALRAMPUR CHINI MI PRICE Hello,
Welcome to the quick update of BALRAMPUR CHINI MILLS. The company looks good fundamentally and technically and can be taken into consideration for our Portfolio.
It has broken the channel in 4hrs timeframe. As of now, it is trading at around Rs 349 and looks good for mid-term holding for a target of 20%-40%.
ENTRY between 319 to 328
Target: 378, 402, 455, 521
SL: 291
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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Market Analysis, #DXY #Nifty #Dow #AdaniMarket Analysis, #DXY #Nifty #Dow #Adani #Adaniports TVC:DXY NSE:NIFTY NSE:CNXSMALLCAP
uptrend parallel channel pattern in ABFRL.TATACHEM
Key highlights: 💡⚡
📈 On 2Hr Time Frame Stock Showing Reversal of uptrend parallel channel Pattern .
📈It can give movement upto the Reversal target of 330+.
📈There have chances of breakdown of supportlevel too.
📈 After breakdown of support level this stock can gives strong downside rally upto below 296-.
📈 Can Go Short in this stock by placing stop loss above 360 or last swing High.
