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Nifty 50 Equal Weighted IndexOn a day when major Indian Indices saw major rallies, Nifty 50 Equal Weighted Index grew over 9% in a single session! This shows the true strength of the rally that we witnessed today. In a traditional market capitalization-weighted index, stocks with larger market capitalizations have a more significant impact on the index's performance. In contrast, an equal-weighted index treats all stocks equally, regardless of their market capitalizations. The Nifty 50 Equal Weighted Index gives the same weight to each of the 50 stocks in the Nifty 50. In other words, each stock contributes equally to the index's performance. NSE:NIFTY50EQUALWEIGHT NSE:NIFTY NSE:BANKNIFTY
NSE:NIFTY50EQUALWEIGHTLong
by jatin_agarwal
FINNIFTY | Is this the End of the current downfall?Navigating the Indian Market: A Simple Guide Introduction: The Indian market, including FinNifty, has been going down lately. This is a quick guide for anyone interested in trading, even if you're not a market expert. Market Trends: Think of the market like a rollercoaster. Recently, it's been going down, which can make people worried. But there's a line on the chart from March 2020 that's been like a safety net. If the market stays above that line, things will get better. Short-Term Moves: We can also pay attention and mark this week's low and until it is safe we can try to go long But be careful, and only risk a little money if you decide to jump in early. Big Picture: To go all-in and start making good money, we need to wait for the market to stay above 19665, marked on the chart. That would be a strong signal that the good times are back. In these uncertain times, remember to be cautious but ready to grab opportunities. Success in trading is about finding the right balance between being careful and making your move when the time is right.
NSE:CNXFINANCE
by iamrk7
4
ARVSMART - Symmetrical Continuation Triangle (Bullish)NSE:ARVSMART - DAILY CHART ANALYSIS Pattern found - "Symmetrical Continuation Triangle (Bullish)" A "Symmetrical Continuation Triangle (Bullish)" is a technical chart pattern used in technical analysis to predict potential future price movements in financial markets, particularly in stocks, currencies, commodities, or other assets. This pattern is considered a continuation pattern, implying that it often suggests that the prevailing trend will continue after a period of consolidation. Traders and investors use this pattern to make trading decisions. When a bullish symmetrical triangle pattern forms, it suggests that there is a good chance the asset's price will continue its previous upward trend, and traders may consider buying the asset. However, like all technical patterns, it's essential to remember that they are not foolproof, and traders should use other indicators and risk management strategies to guide their decisions. Always consider the broader market context and use other tools and analysis methods to increase the probability of successful trades or investments.
NSE:ARVSMART
by hardeepssethi
Symmetrical Continuation Triangle (Bullish)A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Sutlej Textiles and Industries Ltd ( NSE:SUTLEJTEX ). This bullish signal indicates that the stock price may rise from the close of 59.77 to the range of 69.00 - 72.00. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUTLEJTEX
by hardeepssethi
Low risk swing trade in #SOLARASeems like Solara Active Pharma has bottomed out. With the recent high volume followed by tight inside candles + inside dojis, this is a picture perfect setup for swing trade. Pharma sector is in an uptrend so can expect #SOLARA to jump the wagon as well. Enter @ CMP Stoploss 322 *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.
NSE:SOLARALong
by nishant_bhatt
VCP development #DHINDIATight VCP can be seen developing in DHINDIA, looks like its setting up for a impulse move now. All the scrips in Capital Goods seem to be in trend. I'll be keeping my position low in this trade. Stoploss 75 *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.
BSE:DHINDIALong
by nishant_bhatt
LATENTVIEW - THE ART OF WYCKOFF ACCUMULATIONLATENTVIEW is being accumulated by institutions, I have already explained the Wyckoff Accumulation in my previous posts. You can refer my 63MOONS post to study in detail. I have initiated my position @ 383. MY stoploss is 340 *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.
NSE:LATENTVIEWLong
by nishant_bhatt
FAZE THREE LTD - BOTTOM TRIANGLE & BULLISH WEDGE"Bottom Triangle" chart pattern formed on Faze Three Ltd ( NSE:FAZE3Q ). This bullish signal indicates that the stock price may rise from the close of 477.80 to the range of 507.00 - 520.00. The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation and forming bullish wedge. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:FAZE3Q
by hardeepssethi
Bullish Pennant and Double Bottom BreakoutWeekly chart analysis of NSE:LATENTVIEW A bullish pennant has been seen on weekly chart pattern. In technical analysis that usually forms after a strong price movement upward, followed by a brief consolidation period. A double bottom is a bullish chart pattern observed in technical analysis. It usually occurs after a downtrend and signifies a potential reversal in the price of an asset. The pattern resembles the letter "W" and consists of two troughs at approximately the same price level, separated by a peak (the pattern's central point), the same has been marked on chart . Key Points: Continuation Pattern: The bullish pennant is generally considered a continuation pattern. Traders interpret its formation as a temporary pause or consolidation within the broader upward trend before the price is likely to continue moving higher. Breakout: The pattern is confirmed when the price breaks above the upper trendline of the pennant, accompanied by an increase in volume. This breakout signals a potential resumption of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:LATENTVIEW
by hardeepssethi
TCS - Looks Good!Reason- NSE:TCS - Double bottom pattern with piercing candle on Daily Chart. Duration 7-15 days The Double Bottom pattern emerges within a downtrend when the price hits two lows at approximately the same level. During this formation, the volume tends to taper off, indicating a decrease in the selling pressure. At each low point, there might be a slight increase in volume, although it's generally less pronounced during the second low. The pattern's completion occurs when the price surpasses the highest high between the two lows, confirming a bullish signal and signaling a potential upward breakout. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:TCS
by hardeepssethi
BATAINDIA: Buy for Long TermThe stock bounced back from it Fibonacci retracement of more than 0.618 of 1370.45 as of 20th March 2023, from its all time high of 2182.75 reached on 16th Nov 2021, falling more than 37% from it all time high. The stock had bounced to 1771.45 on 8th Aug 2023 and back to a low of 1530 on 9th Nov 2023. Since then the stock has broken out of its downward trend line on the daily chart on 15th Nov 2023 with more volumes than the previous day and is now trading at 1603.06 as on 16th Nov 2023. INFERENCE: The Stock can be bought at these levels and accumulated if it drops further with a STOP LOSS around 1550 levels. The stock looks good for a decent capital appreciation in the long run. TARGET: We can expect a medium term (4 to 6Months) target of around 1900/- The stock should show strength once it crosses the weekly downward trend line. The company has been paying dividends regularly but the yield is less than 1%
NSE:BATAINDIALong
by ajayharidas
BCPL Railway Infrastructure Ltd - Continuation Wedge (Bullish)A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock . This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range. These observations are based on established principles of technical analysis. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:BCPL
by hardeepssethi
BMW INDUSTRIES LTD - TECHNICAL AND FUNDAMENTAL ANALYSISTechnicals Bullish Momentum - Above Short, Medium and Long Term Moving Averages The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. MACD + RSI POSITIVE Pattern: Symmetrical Continuation Triangle (Bullish) The stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe Stochastic(20,3) 94.51 Overbought RSC (6 months) 104.33 Outperformer Fundamentals POSITIVE Annual Revenue rose 24.1%, in the last year to Rs 571.5 Crores. Its sector's average revenue growth for the last fiscal year was 9.8%. POSITIVE Quarterly Revenue rose 16.1% YoY to Rs 158.6 Crores. Its sector's average revenue growth YoY for the quarter was 0%. POSITIVE Annual Net Profit rose 57.7% in the last year to Rs 54.5 Crores. Its sector's average net profit growth for the last fiscal year was -53%. POSITIVE Quarterly Net profit rose 81.2% YoY to Rs 15.6 Crores. Its sector's average net profit growth YoY for the quarter was -34.9%. POSITIVE Stock Price rose 60.1% and outperformed its sector by 4.2% in the past year. POSITIVE Price to Earning Ratio is 16.2, lower than its sector PE ratio of 33.3. POSITIVE Debt to Equity Ratio of 0.4 is less than 1 and healthy. This implies that its assets are financed mainly through equity. NEGATIVE Return on Equity(ROE) for the last financial year was 9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit. NEUTRAL Promoter Share Holding stayed the same in the most recent quarter at 74%. POSITIVE Interest Coverage Ratio is 5.8, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT). POSITIVE Promoter Pledges are zero. Currently valued at Good to expensive valuation PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:BMW
by hardeepssethi