South India Bank Swing1) Weekly Timeframe has tested it weekly structure
2) Daily Timeframe has tested daily structure and filled the gap
3) 4HR Timeframe is also bullish
All timeframes are in alignment of each other
Multiple Time Frame Analysis
Sundaram Clayton SwingStock swing can be taken for following reasons :
1) After has a strong sell off market is retracing back to the upside.
2) In retracement it has created a structure indicating it's upside potential
3) Daily structure is tested and 4HR timeframe is also bullish
Stock for Investment Investment Stock - National Aluminium
Key Points-
Consolidation on Monthly TF
2nd swing break level.
Weekly Inside candle breakout.
Pros. (Financials)
1) Debt Free Company
2) Stock PE is around 10 and Industry PE is 24
3) Dividend % in last 5 years- (7-8%)
4) Stock is trading at 1.12 times its book value
Cons.
1) No Sales growth from last 1 year.
NIFTY REVERSED from our magic levels again!As we can see NIFTY again showed weakness in the first half until it reached our level of 18170-18200 levels which has been discussed multiple times before in our post and it showed great REVERSAL from that very level of over 120++ points in the last couple of hours hence we can still see NIFTY being in range between 18200-18450 levels and expected to remain in the range unless it breaks and sustains above or below the given levels so keep watching everyone
NIFTY heading towards 18000 again..?As we can see NIFTY again showed sideways to negative market throughout the day despite its strong opening! Our views still remains intact and we might see NIFTY remaining sideways to negative in coming trading sessions and only level we must watch is 18170-18200 which is its eminent demand zone from where we might expect a closed pullback hence keep watching everyone
SIDEWAYS to negative as analysed! What’s coming up next.?As we can see NIFTY despite its strong opening got rejected around 18400-18450 levels as analysed in our previous post now we can still see NIFTY to remain sideways to negative in coming trading sessions despite the strong opening hence only if NIFTY sustains itself above 18400-18450 levels we can see NIFTY remaining negative to sideways so take trade accordingly
NIFTY might remain sideways in upcoming trading sessions As we can see NIFTY rallied over 150++ points as analysed as we expected a good upmove if opened strong but now it can be seen back in range from 18200 to 18450 levels hence we might see NIFTY getting rejected again around 18400-18450 levels and stay in a range before showing a unidirectional move so keep watching everyone
Stock of the Week S-5Stock of the Week
S-5
Stock- TECHM
Consolidation, Inside candle , Weekly 200ema support.
PERSISTENTPERSISTENT is looking bullish , created rounding bottom in weekly stock is continuously moving up . it also formed heigher high
EURUSD SHORT OPPORTUNITY EURUSD has been trading in bearish sentiment, major tfs like 4H and 15m are trading bearish it has created a CHoCH on higher tf, in 15m as you can price we’re building liquidity, once tapped out on 15m extreme ob it can give good fall from above zone target should be weak low.
Will the previous SUPPORT act as a RESISTANCE now..?As we can NIFTY did broke down our given levels and did reach around 18000 mark before reversing! now we can see NIFTY heading towards our level again hence the previously acted as SUPPORT might act as a resistance now hence any weak opening and headed towards 18200 levels would be a good short but if it opens strong then we might see NIFTY taking support at our given levels and continuing its bull run so keep watching everyone
Are we heading towards 18000..?As we can see NIFTY couldn’t hold itself above our given level as we were expecting! Despite the gap up NIFTY had been falling unidirectionally which shows major weakness and hence we can expect NIFTY to reach 18000 in coming trading sessions which is its next psychological support! only hope for bulls is if it opens gap up and sustains above our given levels else NIFTY can remain sideways to negative throughout the day
FALL DONE..? Ready for upmove now..?we have seen another great fall as analysed in our previous post now we can see it has reached another important demand zone which will now act as a strong support for upcoming trading sessions and hence making it a better place to make new long positions hence till the levels are sustained above we can see good recovery from here so keep watching everyone
Exact REJECTION from our levels! What’s next..?As we can see NIFTY can be seen getting rejected exactly as we analsyed in our previous analysis an exactly from our given levels of 18400-18450! Now we can expect NIFTY to remain sideways to negative in coming days and might test 18200 levels in coming trading sessions before continuing its bull run
NIFTY’s hidden resistance! At make or break level..!!As we can see NIFTY has shown a strong uptrend after taking support at the previous acting resistance levels now it is seen heading towards its next hidden resistance which can be seen around 18400-18450 levels and nifty did close below the given levels hence the first half of nifty would be really important as if NIFTY opens strong but fails to sustain above given level then we might see a strong rejection else we might see NIFTY to continue the rally if manages to hold itself above 18450 level so keep watching everyone
EURUSD ANALYSIS Market going on downtrend , market now in key level of Fibonacci retracement 50%, it's time to sell opportunity
Price Action Learning( Day-57)Daily Learning
Day-57
BankNifty Weekly Chart Analysis. All time high or Elections Result -ve Sentiments.
Stock of the Week (S-4)Stock of the Week
S-4
Stock- ASTRAL
2nd swing on Weekly TF, Support level, Inverted Head and Shoulder or Daily TF
NIFTY continuing its UPTREND after taking support at our levels As we can see NIFTY exactly took support at our given levels and started to move up as we analysed in our previous NIFTY analysis and we also discussed of keeping our long positions intact till it breaches and sustains below 18170 levels! Since not much of action has taken place as of now, hence our view remains intact of buying on every dips till our levels are taken care of so keep watching everyone
Hindustan Unilever to reach ₹3000/-?Hindustan Unilever can reach to ₹3000 because of following reasons :
1) stock is a monthly pullback
2) stock is monthly demand
3) stock is reacting positively to monthly demand
Nifty - Prediction & Intraday Levels for - 12 May 2023Nifty Prediction Tomorrow:
BEARISH view with Negative Sentiment
Nifty is falling under high selling pressure, as per Global cues most likely to Open Gap down / Flat.
There is Strong resistance zone at 18319 level is where we can anticipate our SELL entry or PDL is where we can take SELL Entry for Lower side Targets.
BULLISH only if sustains above 18350, BUY only above this level until is SELL on raise.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Again a strong REJECTION at resistance! More fall coming in BNF?As we can see in the chart it tried breaching 43600 mark and made a high around 43700-750 but failed to close above the given level which would have then assured the upcoming bull run but as of now we can still see BANKNIFTY to remain sideways to bearish in coming trading sessions
