CALCOM VISION a VCP in progressCALCOM VISION chart is forming a VCP structure in Weeekly Timeframe. Going thru the company fundamentals, looks like a turnaround situation. I have initiated my position @158 and set my Stoploss @145. Lets see how this plays out.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Indianmarkets
SGX Nifty View short termHaving a bearish view for SGX Nifty. Price broke out of bear flag pattern and retesting the pattern as well as another rising trendline from 7th Oct. This indicates bearish pressure for India markets as of now at least until 16800 to 17000 levels at short term. Just my view, please do your own analysis.
Thanks
HAL - Triangle Breakout but still within Box!After accumulating within a Darvas Box since August 2021 and a further Triangle since October 2021, Hindustan Aeronautics has given a breakout of the Triangle which is also currently being re-tested.
HAL is fundamentally a strong play for the long-run. On the technical side, riskier traders may enter on this Triangle re-test at CMP and hold for breakout of the rectangle as well. Safer traders may consider entering upon breakout of the rectangle (above 1490).
DABUR - Parallel Channel + Superguppy BreakoutDabur has broken up above the descending parallel channel it has been trapped in since September 2021, while also closing above the SuperGuppy resistance. There is also divergence in the RSI and price line. These are bullish signs.
Watch for it to hold 560 levels over the next few sessions and look to purchase above 570 for targets of 585 and 600 in the medium term.
nifty M pattern tradewith recent low (27th jan 12:15) to yesterdays high drawn a fib
today nifty's high was near about 0.6 fib lvl which os considered to be good lvl of retracement
if you considered previous few session kind of wedge pattern is forming
if the price breaks the arrow line then it can fill up today's gap upto 17625
just above the 0.6 fib lvl can be stop loss
Triangle Breakout In BrigadeLooking at the daily timeframe for Brigade Enterprises, we can clearly see a triangle breakout after 4 months of consolidation. Currently it has broken the upper trend line of the triangle. If we see, the breakout candle was a bearish doji candle but the next 2 candles have confirmed the breakout. The current closing is at Rs 517 which can be considered for buying. It is also near it's all time high. We might be seeing a price discovery from the next few candles. A very high probability of 5% to 10% push in price is possible.
Do like it :) It will motivate me to write more
Inflation, Omicron concerns pull down Indian Indices! What Next?Nifty has reset in its falling mode,currently it is in down trend.
QUALITY STRATEGY FOR TRADERS
Technical Overview
Nifty is creating bearish engulfing candle
Short nifty at CMP 17050
TGT 16800-16650-16400
Stop Loss 17300
SHOULD YOU INVEST?
Enter gradually near 16500, raise exposure once it crosses resistance of 17700. Nifty may give some immidiate correction but during Jan end Budget rally is expected.
Fundamental Overview
Rising Inflation
Rupee Depriciation
Omicron concerns
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We are still trading in the range between 17300 and 16400.
Any lower or upper breakdown will decide its direction again.
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
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Take care, trade safe !!!
Regards
Team Moneymarine
MCS Crude Oil Technical AnalysisAt present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally.
If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap opening of almost 200 points down from its previous day's high.
OPPORTUNITY
You can short crude oil around 6240 today with a stop loss of ₹ 6336 for a taget of ₹ 6065-5990.
MCX Crude OilCrude Oil is running in channel since septmber, we many time initiated purchases near support lines but avoided short selling as Crude is in Bull cycle. We suggested you to buy near 6200 on 22nd Oct for a target of Rs 6500 which you may see tomorrow.
In a few days crude may give another signal either for long or short position.
We may soon see a trend reversal signal in crude oil. Stay connected with us for more updates.
BANKNIFTY Shorting Strikes 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 40500 CE and Short 39500 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 40200 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40500
if breakdown at 39800 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 39500
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
NIFTY Shorting Strikes !!🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18400 CE and Short 18000 PE
🛑 we can observe that market may be stays in between with the range of 18400-18000 ,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 18350 then we can exit from short CE position and hold short PE until achieve the target of 18400
if breakdown happens at 18050 then we can exit from short PE position and hold the short CE until achieve the target of 18000
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
NIFTY 50 crucial levels for Friday! i was keep telling that market is opening in huge gap up it is not a encouraging move for market , now filling those gaps
- another thing to remember while investing in stocks , Smart money is pulling out from market
- Last 60 mins sessions was trapped call option sellers both in NIFTY n BANKNIFTY ( Can last 60 Mins rally will be deciding factor for tomorrow)
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18180
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18300-18350 (18200 level will be very crucial for up move here we can see ( option chain) fresh short positions were added in 18200 CE)
-with SL of 18270
- 18450 we can see as the target after breakout
- support level is at 18200 - 18180
-with the SL of 18250
- 18100 we can see as target after breakdown
if you like it do follow for more , Have a nice day ...
NIFTY obeying DOW Theory!!- FIIs net sold for the day is about Rs 505.79 CR
whereas DIIs net sold Rs 2578.22 CR
- Both were booking their profit not only today from past few days
- Still market is rising due to news that indian stock market is trading at life time high , this is the news bringing new investors and Urging retailers to invest in market but no one noticing that smart money is pulling out from the market
- this where retailers get stuck in and this where everyone start panic n blaming the market
- i'm not telling that market will turn into Bearish
- but market will get correct or consolidate for some period
- Stay light with Quantity
- Move from Quantity to Quality
BANKNIFTY SHorting Based on Vix!Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 39700 CE and Short 39000 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 39550 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39700
if breakdown at 39000 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38800
- First immediate support zone for BANKNIFTY is at 39000 and main crucial support zone will 38900-38800
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
Silver Gonna crash?One can see in the charts that all levels on daily and weekly timeframes are tested. The white trend line keeps on adjusting as we go while blue is intact, signs of distribution.
once it comes to confluence zone(intersection of 2 trend lines) , perfect short opportunity.
It is a positional trade so we have to be patient.
Targets
Passive- 56000
Aggressive - 51500
Great Eastern Shipping GESHIP --> LONGTechnically Sound to go up at bottom of Uptrend channel.
Oversold past few months.
Buy only after huge Demand and Retest around 300.
Fundamentally, Good outlook to produce profits as Crude oil shipping has seen increasing demand with backbone of Manufacturing requirement output higher than 2020.
Risk Within your apetite only!
GAIL (Gas Authority India Ltd) --> Long GAIL is an uptrend currently near bottom of Elliot wave. Technically looks strong for an upward move upto 175
Strong Support around 145 would also let some time to kool off RSI OverBought for Jump seen during Results.
Fundamentally, GAIL has 85% of its revenue for Natural Gas Trading and Transmission/Distribution.
With Natural Gas making higher highs of above 4$, GAIL could see good profits for July and August.
Be wary of Natty reversing back around September / Ending Summer in US Zone.
Always Risk within YOUR apetite only!