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Markettrend

Trading Gem:(COAL INDIA) Set to Soar 5-7% in a Month or Two*Coal India is ready to offer returns ranging from 5-7% within a timeframe of one to two months*. Please note that terms and conditions apply. Condition: - If tomorrow COAL INDIA exceeds today's high of 443.8, on April 2nd, 2024, it is anticipated to progress towards the targets of 461.35 and 480.20. - The designated STOPLOSS level is set at 436. Reasons to Consider Taking a Trade: - A crucial Supply/Support zone has been pinpointed within the range of 410-420. - The trendline is anticipated to be breached tomorrow. - Today, the price has surged above the 50 Moving Average, which is now acting as a support level. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:COALINDIALong
by NaveenTTR
1
Investment Gem: (BAJAJ FINANCE) Set to Soar 20-30%! BAJAJ FINANCE is set to give 20-30% return Time Period: 5-6 Month Swing Targets: 9000/9500 Long Term: 10600/11300 -------------------------Technical Analysis - Ready to Break Ascending Triangle Pattern. - Also, Wave 3 will start soon Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:BAJFINANCELong
by NaveenTTR
Can we see more fall in NIFTY ?Hey Hardworking traders! Here's a quick update on the Nifty 50 index's recent journey and its future outlook- Nifty highlights: >>So, It has been a roller coaster ride for NIFTY, It has witnessed multiple obstacles, Be it after Covid affects be it Russia-Ukrain war, High inflation and interest rate hike. >>These macro incidents combined together resulted Index to stay sideways. But the game changed in June, when it broke out and nearly touched 20,000. Current Market updates/My views >>Right now It seems to be in a correction mode and hanging around 19300 level. "Looking at the chart, we can draw a line connecting the highest points, showing the resistance at 18800. Also, using the pivot point indicator, we identify a support level at 18800. >> Do not get worried here, Think like this way, Every time an Index or a stock gives breakout then it suppose to retrace all the way to its Breakout level, which makes its breakout more prominent. >>Though the numbers are dropping, does not mean the celebration is over. Track closely how it behaves near the new support area and plane your Trades accordingly. If it retraces to Breakout level I am going to aggregate more. Keep in mind, Technical helps but it is just one part of the equation. So, stay updated with the world news, Big Financial decisions and market sentiments to understand the complete picture. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:NIFTY
by BullishLine
BSE SMALLCAP INDEX DIVERGENCEI have interesting trend analysis done here by comparing two bellwether INDEXes When one compares weekly charts for BSE SMALLCAP Vs NIFTY50, there is clear case of divergence in trend visible since last 4 weeks starting from last week of July. Will the NIFTY see the bullish reversal and end the diverging trend or it will culminate into severe correction for NIFTY and the broader market. Market had similar divergences in the past for example in early 2016, later 2017, early 2020 and now in August'23
BSE:SMLCAPShort
by sekharsabani
1
Nifty AnalysisHistory repeats itself and that is also true for the stock market technical analysis . In fact, much of the technical analysis revolves around historical patterns which repeats themselves time and again. We will discuss one such pattern in this analysis. Friday was a big day. Market opened with a gap and trended on the upside. How often has this happened in the background? I have gone not far back but till October 2021. In the last 1.5years I have looked for a few criteria. Market must be trending down that is, forming lower lows and lower highs. Market must break a minor or major swing high with a huge gap. The gap day must be 1.5% or higher in length and close strong (near the high of the day). I have found that these conditions were met only three times. The first was in May 2022. Market broke a minor structure at A with large gap and closed strong. But it could not follow through and just managed to fill a bearish gap on the left. Although there was a potential double bottom in the left, yet it just retested the breakout level and broke down to new lows. The second such event happened in July 2022 at B. Market broke a larger swing high with same conditions as above and rode vertically up to a previous resistance level . It was hell of a ride without any retest (which lately happed in September 2022). This rare pattern has repeated for the third time on last Friday. All the previous conditions were met. Now the question is that, can this event lead to a reversal or it is just another support bounce from September 2022 lows? I would say that the break of a minor structure point does not necessarily means a change in trend. Perhaps it would be too early to announce trend reversal. However, I do not negate some follow through till the gap zone on the left (17500-600) which will be the first area that may offer strong resistance to the market (as it did at A). Market needs to retest in order to check the strength of buyers and break above 18135 levels (which may take some time) to further clarify its desired direction. Thanks for reading. Do like for more such analysis in the future.
NSE:NIFTY
by Bravetotrade
6
'STATES' of 'MARKET' - forms in which market can existProbably all of you have might have heard of 'states' of 'matter', let me remind you once again "state of matter is one of the distinct forms in which matter can exist" but why am I talking about this stuff it's because the Market also has 'states' of 'market' you can define them in the same way " state of the market is one of the distinct forms in which market can exist". I know many of you can't grasp it now but I can ensure you that by reading the entire article you would surely encounter one of the most striking observations. As we all know fundamental states of matter are:- -> Solid -> Liquid -> Gas So what are the fundamental states of the market? let me recap the definition once again "state of the market is one of the distinct forms in which market can exist". Okay, now I think many of you have figured out the 'states' of 'market', they are the following:- -> Sideways -> Downtrend -> Uptrend Yes, ' states' of 'market' are the trends cause the market can exist only in any form. If I wanted to talk about trends I could have simply described trends but that's not the case cause this publication will establish a relation between the 'states' of 'matter' and 'states' of 'market'. How are 'states' of 'matter' and 'states' of 'market' related? Let me relate them by their properties- -> Relation between Solid and Sideways - Solid The property of solids is they cannot move freely but vibrate due to strong intermolecular force. Solid has a stable and definite shape and requires external force when it's to be molded. - Sideways The property of a sideways market is that in a sideways market price doesn't move freely but consolidates in a range due to strong calls and put writers who bound the price in a range. The sideways market is stable and definite and requires an external buying/selling force to break the range in either direction. -> Relation between Liquid and Downtrend - Liquid The liquid being a fluid tends to flow. The density of liquid a quite high compared to gas hence it requires no external force while flowing downstream but requires a strong force to keep it flowing upwards. The speed of liquid downstream is always greater than upstream due to gravity in action. -Downtrend In a downtrend price also flows down the same as a liquid flowing downstream without any external force. Usually, the price plunges much faster as compared to the rise in price. If somehow a rise is witnessed in a downtrend then it fades out quite fast because to keep the price flowing upward a huge buying force as compared to the selling force is required. This is also the case when liquid flows downstream. -> Relation between Gas and Uptrend - Gas The gas being a fluid tends to flow. The density of the gas is quite low hence it rises naturally but requires external pressure in a downward direction to keep it flowing downwards. Gas has a very large intermolecular space hence its movement in a particular direction is quite slow and random. - Uptrend In an uptrend price naturally rises without any external force. Usually, the price rises much slow as compared to the fall in price. The nature of price in an uptrend is much similar to gas, as price movement in an uptrend is slow and random. Random because in an uptrend price gives more jerks as compared to a downtrend. Phase/Trend Transition:- Sideways <-> Uptrend (transition from sideways to uptrend market and vice-versa) - RSI can be used to identify the transition, in a sideways market RSI usually trades in the band of 40 - 60, when RSI crosses above 60 along with breaking the range indicates the beginning of an uptrend. - We can also term this transition as 'sublimation' cause the solid is changing to gas. - Same for vice-versa just the term would be changed to ' deposition ' as the gas is changing to solid. Sideways <-> Downtrend (transition from sideways to downtrend market and vice-versa) - RSI can be used to identify the transition, in a sideways market RSI usually trades in the band of 40 - 60, when RSI crosses below 40 along with breaking the range indicates the beginning of a downtrend. - We can also term this transition as 'melting' cause the solid is changing to a liquid. - Same for vice-versa just the term would be changed to 'freezing' as the liquid is changing to solid. Uptrend <-> Downtrend (transition from uptrend to downtrend market and vice-versa) - RSI can be used to identify the transition, when a divergence is witnessed in RSI and price chart this indicates the loss in strength of the internal force i.e. exhausting buying interest but still to confirm we could use 20 EMA if the price breaks below moving average with RSI divergence then it's quite possible a beginning of downtrend so what can we do is book our profits. - Downtrend is only confirmed when RSI starts trading below 40 but we can't wait till then and let our profits vanish so as soon as you get an indication book your profits. - We can also term this transition as 'condensation' cause the gas is changing to a liquid. - Same for vice-versa just the term would be changed to 'vaporization' as the liquid is changing to gas. In my prior post, I tried to relate "As above so below" harmony of nature with the market and now "States of Matter" with market trends this is all to make everyone know that 'Stocket' science is equally difficult as 'Rocket' science probably more cause here 'emotion' also comes in play which any other science lacks . Now, answer yourself do you still have a fantasy about 'Rocket' science or 'Stocket' science is enough to fulfill anyone's fantasy and do you know what's the best part of 'Stocket' science? it's everchanging .
NSE:NIFTYEducation
by Chaser30
2
Falling Broadening Wedge Pattern In NIFTYOn Daily Timeframe, NIFTY trading in falling broadening wedge pattern. Currently it's trading in downtrend direction and this downside can expected upto near 15000 level or downside support level. At this location investor or short term trader can look for buying side positions on reversal confirmation. For long side investors can wait either bottom support level or breakout of upside resistance level. Disclaimer: Consider this post as an education purpose only. All mentioned levels and assumptions based on historical movements. Before taking any position don't forget to consult with your financial advisor.
NSE:NIFTY
by TradZoo
2
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NSE:BHARTIARTLLong
by Averoy_Apoorv_Analysis
2
View on Exit PollFinally, exit polls have given some hope of stable government but considering past track record of +/- 10-15% deviation in numbers, risk to financial market has already been built up. BJP with 285+ seats and NDA with +310 seats are good for market but that should not last long as real concerns on economic slowdown will come into play. Will poll numbers behave like 2014 or 2004? Need to cross fingers till 23rd May. RBI June policy will have to be watched as how banking regulator will respond to inflationary concern, trade war and slowdown in economy. Market consensus is for 25 basis point reduction. Liquidity should be the concern till the time new govt come into power and start full fledged fiscal operation. Trump's soft stance on trade dispute with EU, Japan, Canada and Mexico is a positive move but major dispute is in between top 2 economies of the world. $ 738 billion of goods and services trade between global giants is at risk. Apart from this, Japan's capital good exports to China, Australia's commodities export to China, Korea's semiconductor and Tourism exports to China are also at risk. Crudeoil is still not cooling off from recent peaks. Skymet's prediction of below average monsoon is risk to inflation.Risk reward balance is still tilted towards risk. Investors in market should wait for clear directional close above 11900 to understand big investor's appetite for risks.
NSE:NIFTY
by UnknownUnicorn4260559
1