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
Indianstocks
DATAPATTNSDATAPATTNS:- The stock is consolidating near the resistance, if there is a breakout, the stock may go upside , keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
NIFTY 50 💚💚💚Hello ji,
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Tomorrow will big day because of India CPI result comes out at 5PM yesterday.
Here I profit 25000/- only.
We can also make profit easily.
Here I drown support and resistance levels
thank you🙏🙏🙏
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Nifty: Friday - 13/01/23Levels:
Support: 17780, 17700
Resistance: 17880, 17960, 18050, 18100
OI Data:
---------------------------------------------------------------------|
Nifty => Price: 17858.2
ATM: 17850 , ITM: 17800, 17750, 17700 , OTM: 17900, 17950, 18000
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Highest OI Call in Nifty per OI data: 17900
Highest OI Put in Nifty per OI data: 17800
Nearest Major Resistance in Nifty per OI data: 18050
Nearest Major Support in Nifty per OI data: 17650
---------------------------------------------------------------------|
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 17880 | 17840 | 18000 | 18050
-----------------------------------------
SELL | < 17800 | 17840| 17700 | 17650
+++++++++++++++++++++++++++++++++++++++++
Bank Nifty: Wednesday - 11/01/23Levels:
Support: 41880, 41600, 41300
Resistance: 42200, 42600, 42725
OI Data:
---------------------------------------------------------------------|
Bank Nifty => Price: 42014.75
ATM: 42000 , ITM: 41900, 41800, 41700 , OTM: 42100, 42200, 42300
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Highest OI Call in Bank Nifty per OI data: 43000
Highest OI Put in Bank Nifty per IO data: 42000
Nearest Major Resistance in Bank Nifty per OI data: 42200
Nearest Major Support in Bank Nifty per IO data: 41600
---------------------------------------------------------------------|
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 42200 | 42100 | 42400 | 42500
-----------------------------------------
SELL | < 41850 | 41950 | 41700 | 41600
+++++++++++++++++++++++++++++++++++++++++
Channel pattern reversal in TATACONSUMTATACONSUM
Key highlights: 💡
✅On 1Hr Time Frame Stock Showing Reversal of Channel Pattern .
✅ It can give movement upto the Reversal target of above 778+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 800+ .
Bank Nifty: Friday - 06/01/23Levels:
Support: 42230, 41900
Resistance: 42650, 42950, 43200
OI Data:
---------------------------------------------------------------------|
Bank Nifty => Price: 42608.7
ATM: 42600 , ITM: 42500, 42400, 42300 , OTM: 42700, 42800, 42900
---------------------------------------------------------------------|
Highest OI Call in Bank Nifty per OI data: 42700
Highest OI Put in Bank Nifty per IO data: 42600
Nearest Major Resistance in Bank Nifty per OI data: 42900
Nearest Major Support in Bank Nifty per IO data: 42200
---------------------------------------------------------------------|
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 42650 | 42550 | 42850 | 43000
-----------------------------------------
SELL | < 42500 | 42600 | 42350 | 42200
+++++++++++++++++++++++++++++++++++++++++
CAN BAJAJ HEALTHCARE BE A GOOD NEW YEAR PICK ?TECHNICALLY:
Stock is currently forming base and constructing sort of ascending triangle pattern if it closes above the 451 we can see it firing.
ABOUT COMPANY:
Bajaj Healthcare Ltd is an established player in the Indian Pharmaceutical Industry and fastest growing mid-cap pharmaceutical companies in India.
Various Active Pharmaceutical Ingredients (APIs), Amino acids, and nutritional supplements are produced and supplied by this bulk drug company to the pharmaceutical, nutraceutical, and food sectors.
The company manufactures and distributes APIs, Intermediates, Formulations, and Impurities.
API accounts for over 90% of total revenue, with 6 API production sites distributed across many states. It has a significant presence in over 50 countries through API exports, with a total manufacturing capacity of 730 MT per month.
Customers of BHL include well-known pharmaceutical companies such as Sun Pharma, Pfizer, HUL, Abbott, and GlaxoSmithKline plc, as well as Bajaj Medical LLC, Nestle Group, Evonik Industries AG, Intas Pharmaceutical Ltd., and Lupin Ltd.
The company operates API production factories in Tarapur, Maharashtra, Vadodara, Gujarat, and Ankleshwar, Gujarat. It has one Finished Formulations manufacturing unit in Gujarat. It has two intermediates manufacturing factories in Maharashtra.
The company's management has successfully achieved steady growth in revenues as well as profit.
Narmada AgrobaseThis chart analyze the fluctuation zone of the stock in which it may render most of the time in the current time but As the PE ratio of the company is 59rs which is too high and the company is currently so much overvalued that more chances are that the prices may drop and the there would be a significant difference. for short term I analyzed the chart and it has a bearish trend which has currently a fluctuation zone (marked with yellow lines). Intraday trade can be predicted from this chart if my analysis is not wrong.
Breakout on either side can be used as anchoring point.
But the MACD chart has the EMA's which are both with the falling wedge which concludes there are more possibilities of the stock price going down.
The trade:
BULLISH
BUY after breakout of 26
Target-1: 27.30
BEARISH
Sell after breakout of 23
Target-1: 23
Target-2: 21
Please Correct me if I'm wrong somewhere. and also check out my other analyses on the profile
ONGC analysisIn this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side.
But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side.
Analysis Dated on 30/12/2022
So,
the BULLISH trade would be:
Buy: 151 (if clear breakout)
Target-1: 157
Target-2: 167
the Bearish trade would be:
Sell: 139 (if clear breakout)
Target-1: 132
Target-2: 125
Correct me if I'm wrong on my analysis technique cause I'm still a beginner with technical analysis and open to corrections, new ideas, suggestions, etc..
Nifty 50 (After-20/12/2022)Analysis After 20th Dec 2022 Closing
Wave Count -
Nifty is in (5)th of 5th of IV Wave , means one more bullish movement is expected.
Also, strong supports are just below close of 20th Dec 2022.
1. 38% Retracement of 3rd Wave in Small Cycle. (Orange)
2. Previous High support is just below 38% support.
Divergence - Bullish Divergence in 1 Hour time chart in MACD & RSI both.
View- Currently, Bullish from this point until 18100 level is not breach in Daily Timeframe.
Channel pattern breakdown in MGLMGL
Key highlights: 💡⚡
📊On 1h Time Frame Stock Showing Breakdown of channel Pattern .
📊 Strong bearish Candlestick Form on this timeframe.
📊It can give movement up to the Breakdown target of below 805-.
📊Can Go Long in this stock by placing a stop loss above 872+.
📊 breakdown this can give risk:reward upto 1:7+
TCS can be bought ABOVE 3327TCS seems to continue on its previous trend. Can be bought in Cash market around 3327 with Stop loss of 3235 and a target of 3603
FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY
The information posted are for educational and informational purposes only. These are trade which are taken by me personally along with money management. However, under no circumstances, or no word written on this post suggests or makes me liable for any trade which the visitor makes based on the information provided on this post. THIS POST IS STRICTLY CONSIDERED FOR INFORMATION PURPOSES ONLY and IS NOT AN INVESTMENT ADVICE. I am not a SEBI Registered Investment advisor, not do i claim to be one.
Pennant pattern reversal in COFORGECOFORGE
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Reversal of Pennant Pattern .
📈 It can give movement upto the Reversal target of above 3800-.
📈There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stock can gives strong Downside rally upto below 3335-.
Rising wedge pattern reversal in IGLIGL
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Reversal of Rising wedge Pattern .
📈 It can give movement upto the Reversal target of above 386-.
📈There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stock can gives strong Downside rally upto below 297-.
TATA CHEMICALS LTD : DOUBLE BOTTOM BSE:TATACHEM
Tata chem is formed a double bottom pattern at its major support zone.
the entry should be above 828 only with the measured move target expectation in short term.
it have good support of daily TF.
Happy trading & Keep learning
please like and comment if you like our simple analysis.
Rajshree Sugars & Chemicals Limited RAJSREESUG:- breakout of rounding bottom pattern, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.