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Moving Averages

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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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