Multiple Time Frame Analysis
Time for some action..?As we can see despite NIFTY maintaining itself above our zone, it had been continuously getting rejected at higher levels leading to sideways to negative market despite strong opening. It can also be seen in a distribution phase after a strong rally hence we must be cautious now as any weakness could lead to a big fall in index for a minimum of 2-3 percent in single day so plan your trades accordingly
EIH for 70% (approx..) GainEIH is showing a 15 year breakout with good volume accumulation. Volume is visible on the chart. View is based on monthly Chart. first pick had made in 2008 , another one is in '18 then '19 . So we can say that this is a multiyear breakout if it is close monthly candle above 215.
CMP : 225
TG : 370
SL : Below the trendline which is mention on chart..
Stock's selection based on 5 Point Analysis:
1: Idea : Multiyear Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Disclosure : Going to Hold.
Big move coming up? As we can see NIFTY reversed exactly from our given level as analysed in pure previous analysis. Now it can see be seen in more like inverted head and shoulders pattern in smaller time frame! If NIFTY opens flat to weak and breaks its neckline then we can again expect a unidirectional upmove in NIFTY so plan your trades accordingly
MuthootFin Priceaction BullishMuthoot On a Higher Timeframe making significant
Higher High and Higher Low
Stock rejected from Previous High and came down for retracement.
Stock Retested the Previous Breakout level and currently forming a
Strong #PriceAction.
So the Stock shd move from Higher Low to Previous Swing High then New ATH.
NIFTY at MAKE or BREAK level As we can see NIFTY despite opening strong failed to sustain itself at higher levels leading to unidirectional fall in second half as analysed in our previous analysis about the possible trend change. Now NIFTY can be seen trading at important demand zone and the lower zone could act as an important SUPPORT hence till NIFTY manages to sustain itself above the lower levels we may expect bullishness but huge fall can be expected if the low is not respected so plan your trades accordingly.
Is this a start of new TREND..?as we can see NIFTY despite giving huge breakout out of inverted head and shoulders pattern ended up closing at the neckline of the pattern with big tail above showing the sellers dominance hence if NIFTY couldn't sustain above then neckline and breaks below then we may see NIFTY getting weaker and could hive rise to a new trend that is DOWNTREND so plan your trades accordingly .
BANKNIFTY showing signs of BULLISHNESS in short termAs we can see BANKNIFTY has formed more like an inverted head and shoulders pattern in smaller time frame and BANKNIFTY has just REVERSED from it’s important DEMAND ZONE and hence it could be considered as further continuation of the uptrend hence any closing above the trendline could be a good buy but we must also be aware of the possible trap by creating liquidity sweep and continuing its fall so plan your trades accordingly.
Enough room to fly up for this shareI'm waiting to give this share to reach near this level now I'm hoping the share have a strong potential to go up so don't wait to study this share carefully all indicators support this like quarterly to quarterly profit also showing all indicators like volume and Etcetera supporting