22800 coming up? As we can see despite the weakness in BANKNIFTY, we saw continued strength from NIFTY and it is likely to stay strong till the election are declared hence we may see few more new highs so plan your trades accordingly.
Multiple Time Frame Analysis
Looks like NIFTY is aiming for new ATH As we can see despite the breakdown in the daily time frame, it managed to recover almost 500 points and kept on rallying. Despite the weak opening of both the index, it rallied and looks like heading towards new ATH. Hence as long as NIFTY is above the structure we may see few more couple of new highs in NIFTY before 4 June so plan your trades accordingly.
BANKNIFTY ready for rally..?As we can see despite NIFTY hitting new highs! BANKNIFTY has been falling behind but we can now expect BANKNIFTY to catch up to NIFTY anytime sooner so plan your trades accordingly.
Did BANKNIFTY just confirmed its upcoming trend !??As we can see despite its strong opening, we saw huge fall of over 500++ points with strong recovery closing at day’s high which shows the overall trend is strong bullish hence till the structure is maintained! Every dip could be bought without being scared so plan your trades accordingly.
Weekly Chart of MAZDOCK, Ready for breakout.Mazagon Dock Shipbuilders Ltd. is an Indian shipyard located in Mumbai, Maharashtra. The company is a public sector undertaking of the Ministry of Defence (India). Mazagon Dock builds a variety of ships, including warships, submarines, and merchant ships.
The company's stock price has been on an upward trend in recent months, due to a number of factors, including increased government spending on defense, and a growing demand for Indian-built ships. However, the stock price is also volatile, and it is important to do your own research before investing in any stock.
BANKNIFTY yet to move!As we can see BANKNIFTY remained more like sideways to negative throughout the day after rallying for past two days. We can expect further rally from here till it maintains itself above the structure so plan your trades accordingly
Pidilite long-term Pidilite long-term analysis.wait for one HR candle breakout with good volume ,then can go for Swing or positional
Pidilite long-term Pidilite long-term idea.wait for 1 hr candle breakout with volume.swing or positional
BANKNIFTY heading towards 48250As we can see BANKNIFTY continued its rally as expected and analysed in our previous analysis. Now we can expect BANKNIFTY to further continue its rally till the given level which could act as a good resistance as the gap has not been respected which can act as an order block so plan your trades accordingly.
BANKNIFTY took SUPPORT! Now ready to blast! As we can see BANKNIFTY exactly reversed from our given trendline as analysed in our previous post. We also saw multiple signs of rejection from the trendline and we did see a great 500++ point recovery from there. Now based on the candle formation , we can expect BANKNIFTY to rally more of 1000-2000 points in coming trading sessions so till results are declared so plan your trades accordingly guys.
Polycab consolidationIf you look at Quarterly chart, We could see a pattern that after an year consolidation, 100% rise has happened. Could we expect Dec '23 - Dec '24 as consolidation period. Historically, 1st quarter of polycab hasn't performed except last year which was a surprise. Let's see what happens this year. Higher low hasn't formed yet in weekly chart.
NIFTY failed to REVERSE! What’s next? As we can see NIFTY broke down our channel and fell unidirectionally despite our view being on the buy side as we expected a strong REVERSAL from given levels. Now we can see it has formed more like a marabozu candle in daily time frame showing weakness hence if NIFTY opens weak to flat then we may see another strong downfall else if opens strong and inside the structure then we may see a strong REVERSAL so must be ready for both side tomorrow so plan your trades accordingly.
USDCHF Short [Daily Swing]Potential USDCHF Short. Targeting +5R. Hold time b/w a few days to a week.
REVERSAL started guys As we can see NIFTY despite its weakness managed to close itself in green and inside the trendline as expected and analysed in our previous analysis. Now we can start making new long positions keeping SL at the lows of previous candle for a minimum of 1:3 positional basis. Plan your trades accordingly.
NIFTY ready to REVERSE from here As we can see we saw the bearishness we expected and analysed in our previous post. We also saw it taking support at our trendline which could possible act as a strong SUPPORT and hence as long as NIFTY is taking support we can see a strong upmove. No donwside can be planned now as long as the structure is maintained so plan your trades accordingly
NIFTY heading toward 22150As we can see NIFTY had been sideways to negative as analysed in our previous analysis . Our view remains the same as long as NIFTY maintains itself below the median hence we may see more of correction till 22150 which is expected to act as a good SUPPORT being a GAP where supposed REVERSAL can be expected so plan your trades accordingly.
Deepak Nitrite Quarterly chartDeepak Nitrite Fundamentally Strong company. Institutions increased stakes in Apr-Jun Quarter. Triangle breakout. Will fire once consolidation breaks out.
rejection from new ATHas we can see, despite the new ATH, NIFTY faced strong rejection which led to the fall over 1 percent in the single day. the zone as of now has been tested multiple times now making it weaker hence no matter what new low NIFTY makes, if any more tests are done the we may see new ATH another unidirectional rally so plan your trades accordingly.
EURUSD Short [Daily Swing]EURUSD Short from a daily supply zone. First target +2.5.
Potential hold time- few days to a week
New ATH coming up for NIFTY As we can see despite the weakness, NIFTY managed to sustain itself and has closed in more like inside candle structure. Any closing above previous day could result in new ATH for NIFTY so plan your trades accordingly.
BANKNIFTY showing signs of weakness.?as we can see BANKNIFTY has finally achieved its new ATH surpassing NIFTY in terms of market strength but has formed an alarming structure. it can be seen in more like rising wedge pattern and it got rejected recently by the trendline resistance hence as long as BANKNIFTY manages to sustain itself above 49000 mark being a psychological level, every dip is a buying opportunity till the structure remains intact so plan your trades accordingly.
HDFCAMCHDFC Asset Management Company Ltd is quoting at Rs 3876.05, up 2.79% on the day as on 12:44 IST on the NSE. The stock is up 114.28% in last one year as compared to a 25.32% gain in NIFTY and a 14.21% gain in the Nifty Financial Services. HDFC Asset Management Company Ltd
