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Indianstockmarket

Nifty: Down then Up?I am trying to using LuxAlgo's awesome time-series predictive fittings into the Nifty daily chart. The last one month's (19th July to 19th Aug - mentioned as orange in the photo) has the most similarity between 20th Dec'21 to 20th Jan'22 (green in the photo) :) My construction is: training window (grey in the photo) is last 10 months and prediction window is next 1 month (dotted portion). Make sense? So you now can refer that per price-chart to see how the price action was after 20th Jan and decide by yourself where Nifty is heading for Sept'22 :) Of course LuxAlgo indicator provides a way to predict the future based on the most similar (which I used) correlation coefficient, using cumulative time series prediction construction. The data is shown also. In my tweeter handle @pradip_ I am also adding how the future price looks like if I use prediction construction as mean or linear-regression. Please check.
NSE:NIFTYLong
by pradipandsuvra
5
CROMPTON GREAVES : GOOD FOR LONG TERM HOLDING !!Hello !! Welcome to the quick update of Crompton Greaves. It has shown potential rally from the last two days and has broken the long term down trend upwards. A good rally may be imminent here if one consider this stock to add to his/her portfolio as this stock has very good fundamentals. The possible entry points should be in the range of Rs 325 to Rs 337 with a target of Rs 372, 384, 403+ This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:CROMPTONLong
by ScramblerG
3
Nifty (India) Due for Correction in Bull Run Impulsive Wave AOn Daily Basis: Nifty Index of India pierced the strong resistance at 16676 then 200 DMA at 17000. It signifies Impulsive Wave A of Bull run starting from 15280 and has a resistance at 18053. On RSI, Nifty is into deep overbought territory and a corrective wave ABC should start anytime. 200 DMA is now a support and 38% Fibonacci correction from 18050, the level of support comes to 17000. In such corrective move, Mid Cap and Small Cap tend to perform well. Exit at around 18000 level and to buy at 17000 should be the trade zone for Nifty. Short only for short term basis only. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
NSE:NIFTYShort
by AnkurSharda3
Pidilite: Runaway Bullish formation before 10th Aug ResultsPidilite: Runaway Bullish formation before 10th Aug Results Bullish breakout from a long term rounding bottom formation with very high positive volume. Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon. A 6months old resistance line is decisively broken this time, after testing thrice. Most likely the Q1 result will be a bumper result (on next Wednesday). Cumulative Open Interest (COI) is pretty high and showing long buildup. OI data is even interesting. 93K Puts are there at 2600, clearly a support. Out of 93K, 39K Puts are added in last week. There are good amount of (36k) Calls are added at 2640. All of those people will be trapped once Pidilite stays above 2640 on next week. Plus: There are 54K calls are written in 2660, out of which 53K is added recently. Support : 2600 (from OI data) Resistance : 2660 (from IO data), 2700(from OI data), 2725 (previous swing high in chart).
NSE:PIDILITINDLong
by pradipandsuvra
1
LIC LISTING DAY UPDATE : SHOULD YOU HOLD IT OR SELL IT ??Hello !! Welcome to the quick update of LIC INDIA share, one of the biggest IPO that was listed today morning. Even after a lot of hype and huge market share, LIC IPO was not given much importance by the investors. The IPO was listed at a discount of around 9% at Rs 872. The retail investors got the gains as the IPO was provided at a discount to them. However, we saw some buying at the Rs 872 level, pushing the price all the way up to Rs 918. As of now, with the 1 min timeframe chart, I can see the stock can touch up to Rs 941. LIC may be a good stock for long-term buying. As of now, we need to wait for a clear picture. Let's see how the market responds by the day close and we can take a possible entry if we see some positive response. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:LICI
by ScramblerG
4
TATAMOTORS : WILL IT MAKE OR BREAKHello !! Welcome to the quick update of TATAMOTORS. After a huge rally until 536, it took a correction. The correction is very much important for any stock to make a new high in the long term. With the onset of various wars and market factors, it dumped badly. As of now, it is trading at around Rs 395. I think the stock should take a bounce from here as shown in the chart. It should not go below the trend line. As of now, it is trying to break the trend line. If the stock closed under Rs 392, there will be more downside until Rs 334. We can enter this stock once the picture is clear and the stock moves above Rs 399. The expected entry one can take should be between Rs 399 to Rs 405 only if it enters the channel again. The expected targets are as below: Rs 417 Rs 463 Rs 528 Please wait for the right moment to enter this trade and do not panic or FOMO. The market will surely be green in a few days as nothing goes down forever. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:TATAMOTORSLong
by ScramblerG
HUL : HINDUSTAN UNILEVER LOOKS GOOD ??Hello !! Good Morning !! Welcome to the quick update for HUL. Hindustan Unilever Limited is a consumer goods company that specializes in daily-use items. It looks good both technically and fundamentally as of now. It was under a falling wedge for a long time. As of now, it has finally broken its long-time resistance of Rs 2210 and is currently trading around Rs 2255. The Rs 2210 will now act as strong support as it was the major resistance for a long time which has now turned into major support. One can consider adding this to your bag for long-term holding. The expected entry should be around Rs 2215 to Rs 2260. Don't add all at once, add some now and add it when the price touches around Rs 2215 to Rs 2225. The expected target can be around Rs 2433 to Rs 2727 and this looks good for the long term. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:HINDUNILVRLong
by ScramblerG
More than just a swing trade opportunity #SAILSAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look. It looks like SAIL is getting ready to resume its uptrend. • There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level . • We can draw two falling channels on the price chart (Marked as Falling channels 1 & 2 on the chart). Price has broken above the inverse head and shoulder pattern, falling channel 1 and Strong resistance line. A breakout above the other falling channel is pending. For the uptrend to resume and to confirm that the correction has ended, the price has to just sustain the breakout and stay above the Strong resistance at 105. After which sail can go a long way. Possibilities of breakout failure can not be ruled out, no matter how favorable the market conditions look. Sometimes the scenarios change instantly. For Swing trade purposes: Buy level – 108.5 (above falling channel upper line) SL – 102 (below breakout candle low) Target – 113, 123, 131 If SAIL starts its up move, it can go way above its previous ATH. Reason? • China produces around half of global steel and it’s dragging down the output by reducing production. Other large steel-producing nations including India saw an uptick in production and exports. • Price hikes are most likely to be announced as coking coal prices are at elevated levels and expected to be there for a long time. • Indian steel producers will have a better opportunity to increase exports due to the absence of Russia & Ukraine. China increasing production is the biggest risk. But for the current scenarios, Indian steel manufacturers are in a sweet spot. SAIL is more than just a swing trade opportunity. I'm betting on the steel industry to grow all together and not just one stock. If you like my analysis and way of presenting, do like and follow. I'll be posting regularly. Not too many but Good-quality analyses with detailed explanations. also, comment your view, I'd love to have discussions. Happy trading. Disclaimer: This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor. Sharing my analysis and thoughts for a stronger and healthier community. Cheers
NSE:SAILLong
by Sai_Kumar
18
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
TATAPOWER BreakoutHello !! Welcome to the update for TATA POWER for long-term holding. After consolidating for around 5 months, TATA Power broke out of the channel and is currently retesting the resistance turned support. It can show a potential rally of around 40% from here. The expected entry range should be between Rs 248 to Rs 259. The target is expected to reach around Rs 360+ 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:TATAPOWERLong
by ScramblerG
7