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Multiple Time Frame Analysis

BANKNIFTY: POSSIBILITY OF RISING WEDGE BREAK DOWN• BN have formed a lower low on higher time timeframe • There are multiple fundamental good news (GST + Strong global market) hits the market, but the upside is limited • A clear rising wedge has formed in BN in lower timeframe • Market is halted near day candle EMA 21. • Any breakdown of wedge in hour candle could trigger a massive down move. • T1 : 53500 and T2: 52086 • T1 is tested multiple time hence the support is weak and chance of breakdown of T1 is extremely high. • Opportunity to short below bottom trendline of the wedge at closer of 1 hour candle below 54656 keeping sl above the candle. • A possible 1: 9.1 RR. • Educational purpose only. Enjoy the market.
NSE:BANKNIFTYShort
by trader_ghosh
EXACT REVERSAL from our TRENDLINE! Multiple scenarios explained!As we can see despite opening strong NIFTY fell sharply exactly from our trendline RESISTANCE. Now that despite falling, it managed to close above our demand zone. Hence, as long as we are above 24700, we are still strong. On the other hand we can also see more like an inverted head and shoulders pattern in short term which is showing signs of BULLISHNESS in long run so plan your trades accordingly and keep watching everyone.
NSE:NIFTY
by Wealthcam
COMING WEEK's CANDLE is going to be the GAMECHANGER!!as we can see NIFTY formed a strong marabozu candle showing the dominance of bears over bulls. This candle not only gives strength to bears but also weakens the mindset of bulls as making enteries in such falling market would be like catching a falling knife. Hence next WEEKLY candle is going to be very crucial as like previous time, it can take SUPPORT and start REVERSING else it can cause a mayhem in the market so plan your trades accordingly and keep watching everyone.
NSE:NIFTY
by Wealthcam
NIFTY at MAKE or BREAK level AGAIN!!! **NIFTY Update** As expected, NIFTY continued its bearish stride and has now finally parked itself at a key demand zone. **Why this level matters (24,500):** - It’s not just a number — it’s a psychological level. - It’s also a crucial demand zone on both daily and weekly timeframes. - This zone has been tested multiple times, which makes it weaker with every hit. **What to watch out for:** - Ideally, NIFTY should reverse or at least show signs of a reversal from this level. - But if it fails to hold and sustains below 24,500: - Panic can trigger quickly. - A sharp 500+ point slide is highly possible. - There aren’t any strong supports immediately below this mark. **Trading takeaway:** This is a make-or-break zone. Be smart with your positioning and plan trades with precision and discipline. ---
NSE:NIFTY
by Wealthcam
WE are heading towards next important SUPPORT!!? OR??As we can see NIFTY fell unidirectionally as soon as it broke 24860 levels exactly as analysed in our previous post. Further, we can see NIFTY has also filled its pending gap. Now that the gap has been filled, any flat to slight weak opening around 24600-24650 levels can show sharp RECOVERY but if it fails to take SUPPORT then we may see another fall towards 24500 levels which is both a psycholoical level and important SUPPORT. SInce this psychological level has not been tested much, so we can expect RECOVERY BUTTTT if it FAILS to take SUPPORT at this level then we may see a MAYHEM or another BLOODBATH below this level so keep watching everyone and plan your trades accordingly.
NSE:NIFTY
by Wealthcam
Happiest Minds: Charting a Course Through Digital TransformationThis is not just another stock; it's an opportunity to invest in the future of technology. Happiest Minds is on the front lines of the digital revolution, turning complex tech into seamless solutions for businesses worldwide. Technical Analysis The provided monthly chart shows that the stock is currently in a downward trend. The price has been following a well-defined downward trend line since its peak. However, it is now at a crucial level, having reached and reacted from a key monthly demand zone (support level). A sustained bounce from this level, coupled with a potential breakout above the downward trend line, could signal a reversal in the short-term trend. Investment Highlights (The Bull Case) * Pioneering Digital-First Model: The company’s core business is focused on next-gen services like Cloud, IoT, and Cybersecurity, making it a pure-play in the digital transformation space. This model positions it for long-term growth as enterprises continue to increase their digital spending. * Strategic Focus on AI: Happiest Minds has proactively established a dedicated Generative AI Business Unit. This forward-looking approach positions it to capture a share of the rapidly growing AI services market, which is a key growth driver for the entire IT sector. * Experienced Management & Clear Vision: Led by a seasoned management team, the company has a well-defined strategic roadmap, including a stated goal of reaching $1 billion in revenue by 2031. This provides a clear, long-term growth narrative for investors. Key Risks & Concerns (The Bear Case) * Growth and Margin Headwinds: Recent financial results indicate a sequential slowdown in growth and pressure on profitability. If the company fails to reverse this trend, its high valuation becomes difficult to justify. * Premium Valuation: Despite the recent stock correction, the company continues to command a premium valuation compared to its peers. Its high P/E ratio implies significant future growth is already priced in, leaving little margin for error. * Macroeconomic Environment: The broader IT services sector is facing a cautious global spending environment. This can impact new deal wins and client spending, posing a direct risk to Happiest Minds’ ability to secure future growth. Conclusion Happiest Minds stands at a pivotal point. While the company's long-term fundamental story remains compelling, a cautious stance is warranted due to near-term business headwinds and a demanding valuation. For those with a higher risk tolerance, the stock’s current position at a critical technical support level presents a potential short-term opportunity for a well-managed swing trade.
NSE:HAPPSTMNDSLong
by StockVesters
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