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Moving Averages

Banknifty daily analysis for 06/10/23.Banknifty is trading below the moving average and has formed a doji candle on the daily charts. After an initial gap up the market consolidated in a range and was range bound causing serious decay in the option premiums. Even the markets consolidated on the weekly expiries and there are now high chances of a trend move in the market. On the hourly charts, market today traded between both the moving averages took support from 20 ema . Support :- 44030, 43890 Resistance :- 44340, 44730 Major levels for trend move are above 44800 and below 43730. Banknifty has been trading between these levels and is creating enough volatility for option buyers. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 06/10/23.The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers. This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening. On the hourly charts, market has remained in a range and consolidated in a 100 points range. Though, the market has closed 110 points higher but there was no trading opportunity today. Consolidation phase is still on for the markets and a trend move is still awaited. If nifty starts trading above 19750 or below 19250 there will be a trending market else market will remain volatile and killing the profits of option buyers. On 15 minute charts, market traded between both the moving averages and closed taking the support of 20 ema. Support :- 19500, 19350 Resistance :- 19560, 19730 Markets are giving gap up and gap down on the crucial levels and are not contining with a trend move. A follow through of any side is required in the market to form a mindset of the trend. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Union Bank of India: Watch before you leap.📊 Technical Analysis Report: BSE:UNIONBANK 📅 Date: September 11, 2023 🕣 Time: 08:28 AM 📌 Introduction The following report provides a 📈 technical analysis for Union Bank of India as of September 11, 2023. The stock 🛑 closed at 88.10 on the last 🗓 trading day (Friday). 📊 Key Metrics: 🔒 Last Close Price: 88.10 50 -Day Moving Average: 📉 Under selling pressure 🔄 Asset Turnover Ratio: 📉 Low 📊 Return on Equity (ROE): 1️⃣3️⃣-1️⃣4️⃣% 💵 Price-Earnings (P/E) Ratio: 5️⃣-6️⃣ 📈 Technical Indicators: 📊 MACD (12,26,9): 🕒 Yet to show crossover, expected in a day or two 📈 Stochastics RSI: K: 3️⃣1️⃣.1️⃣2️⃣ D: 2️⃣9️⃣.4️⃣7️⃣ 📉 Percent R: -6️⃣3️⃣.4️⃣8️⃣ 📈 Fisher 9: Trigger: 0️⃣.6️⃣6️⃣ Fisher: 0️⃣.2️⃣5️⃣ 🎯 Entry, Target and Stop-Loss Levels 🔥 For Aggressive Traders 🎯 Entry Price: 9️⃣0️⃣.8️⃣5️⃣ (0.5 Fibonacci Levels) 🏁 Target Price 1: 9️⃣2️⃣.4️⃣0️⃣ 🏁 Target Price 2: 9️⃣4️⃣.3️⃣0️⃣ 🛑 Stop Loss: 8️⃣8️⃣.1️⃣0️⃣ 🐢 For Conservative Traders 🎯 Entry Price: 9️⃣2️⃣.2️⃣5️⃣ (0.618 Fibonacci Levels) 📝 Conclusion: While 📘 fundamental aspects like ROE and asset turnover are not too promising, the low P/E ratio indicates a potential 💰 cheap entry point . 🔥 Aggressive traders can consider an entry at 90.85 targeting 92.40 and 94.30, with a stop loss at 88.10. 🐢 Conservative traders can enter at 92.25. ⚠️ Disclaimer 📝 This report is for informational purposes only and should not be considered as 💰 financial advice. Investors are advised to perform their own due diligence 🕵️‍♀️ before making any investment decisions. 🏷️ Hashtags #️⃣UnionBankofIndia #️⃣TechnicalAnalysis #️⃣StockMarket #️⃣Trading #️⃣Finance
NSE:UNIONBANK
by finogent
3
Nifty: Is it the silence before the storm? Nifty action in the last 3 days... Like a Scream but sort of Silence... It has seen some wild swings up and down but is not showing much strength... closing flat near 19774... Is it the silence before the storm??? Is it preparing for another big movement like the one we saw recently from 20223 to 19601 a 600 odd point fall? Right before the expiry the battle between the Bulls and Bears is heating up… Stakes are getting higher and waiting for one of them to get cornered. Bulls need a close above 19840 odd levels to feel comfortable and Bears might get stronger once 50 day EMA is taken out.... Take care & safe trading...!!!
NSE:NIFTYShort
by indiamarketoutlook
Nifty Oil and Gas sector indicates start of an uptrend.The Nifty Oil and Gas sector looks bullish on daily charts. Daily Chart This week we see the weakness in the momentum when we have a negative HA candle with a strong body on the 13th of September. Now the momentum tried to recover from the weakness with 2 green HA candles. But both of these candles have a weak body. Weekly Chart The price looks bullish on the weekly Chart. Conclusion: The price will continue to move in the uptrend. Thanks Simranjit Singh Virdi
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by ssvirdi
Finnifty weekly expiry analysis for 03/10/23.Finnifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts. Index has reversed from the ATH high is yet to created a new all time high. The market has formed a doji candle on the weekly charts after a 3.8% fall in the previous week. Market is consolidating in a similar range and has been trading in between both the moving averages on the daily charts. Tomorrow is weekly expiry, watch for a break out or break down as there are chance of a trend move in the market. On the hourly charts, it has closed between both the moving averages. Support :- 19650, 19550 Resistance :- 19890, 20010 Finnifty has been consolidating for few days and there was no movement in the last expiry. There is a possibility of a trending move as market is closed for consecutive 3 days. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Nifty daily analysis for 04/10/23.Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions. A retracement and a consolidation is going on and market are yet to decide which side to move. On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages. The market has closed near the 20 ema, on 15 minute time frame. Support :- 19500, 19250 Resistance :- 19560, 19730 There are chances of market giving a trending move as it has consolidated in a range for 4-5 trading session. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
REFEX - Refex Industries🔹 Technicals: ▸ Giving a pullback after a big up move ▸ Price is very close to late May levels ▸ 300% up move from March bottom to the recent top ▸ Price is just below the 20, 50 EMA ▸ There are 2 zones of interest for buying - below the the 20, 50 EMAs, and second near the demand zone at 520-566 ▸ Good chances of moving towards 1000 Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:REFEX
by aditichawla
1
Banknifty weekly analysis for 03/10/23.Banknifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts. Index has reversed from the ATH high is yet to created a new all time high as the other index has formed. The market has formed a doji candle on the weekly charts after a 3.5% fall in the previous week. Market is consolidating in a similar range and has been trading in between both the moving averages on the daily charts. A trending week or month is possible as per the technical analysis and intraday trades can be carried forward if the chart pattern or break out/down suggest. On the hourly charts, banknifty has closed between both the moving averages. 44250-44700 is a no trading zone for this week as market is holding these levels. A break out/down after a consolidation phase is powerful. Watch for a opportunity and trade accordingly. Support :- 44250, 43900 Resistance :- 44730, 44970 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 03/10/23.Nifty is holding the upper levels on the higher time frame is taking a good support around 19250 levels. The index has formed a gravestone doji on the monthly charts and for last three months, its trading above 19000 levels. On the weekly charts, market has shown some retracement after a good up move and has closed above the golden fibonacci levels, forming a neutral doji. Nifty is trading below the 20 ema, on daily charts, and is facing resistance from the levels. It has formed an inside candle or mother baby candle. It is holding the levels and is giving close around the same levels. There are high chance of a trending week or month as the charts suggests. The market is taking a halt and there are high chance of market giving either side move. Watch the market levels before planning a trade as there is no clear trade for an intraday trader. On the hourly charts, market is trading below both the moving averages and has formed a bearish moving averages cross over. Support :- 19500, 19250 Resistance :- 19730, 19850 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
IPCA Labs Technical Outlook: Aiming for New Heights?NSE:IPCALAB , trading close to its 52-week high, ended the last session at INR 935.65, marking a 1.27% uptick . The stock currently sports a P/E ratio of 4.73 and a basic EPS of 19.36 with an average volume of 713.623K. The closing signal, as indicated by the Parabolic SAR, leans bullish. In light of the positive volume build-up observed over the past four sessions and the affirmative indicators, IPCA Labs shows promise in the upcoming week, given supportive market conditions. Entry Logic 🎯: If IPCA Labs opens above the critical Fibonacci level of 0.786 at INR 938.50 on the next trading day, it could pave the way toward an all-time high of around INR 955. The encouraging MACD crossover and the green histogram at 1.05 underscore this bullish sentiment. Target Levels 🎯: Target 1: INR 955 This target is derived from the potential continuation of the bullish trend, assuming no unfavorable market developments. Exit Logic 🚪: An exit strategy should be devised if adverse market conditions arise or if the stock shows reversal signs before hitting the target. Stop Loss ⚠️: A stop loss at INR 915.50 is advised to curtail potential downside, ensuring a controlled risk approach. Technical Indicators 📊: MACD: Bullish crossover coupled with a green histogram at 1.05. Stochastic RSI: With K at 67.44 and D at 48.76, indicating an uptrend without being overbought. %R: Indicates a favorable uptrend. Fisher 9: Positive crossover observed, enhancing the bullish outlook. Market Sentiment 🌐: IPCA Labs exhibits a bullish setup, with the potential to achieve a new all-time high. However, this scenario heavily relies on the broader market's support, as the stock already trades at elevated levels. Any market correction can temporarily impede the upward trajectory. Recommendation 📝: An entry post a strong opening above INR 938.50, targeting INR 955, with a stop loss at INR 915.50, can be a plausible strategy for traders aiming to capitalize on IPCA Labs' momentum. Disclosures and Disclaimers 📢: This analysis is intended for informational purposes only and should not be construed as a solicitation or an offer to buy or sell any securities. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions. The report is based on historical data and prevailing market conditions; hence, the future may unfold differently.
NSE:IPCALABLong
by finogent