nifty impulse up moveNifty impuse wave 5(3) is in progress..
moving in upward channel.
currently trading near top of purple channel
acting as minor resistance 26000-26100
there is no weakness in index..
every pull back is buying opportunity..
immediate target is 26300 for wave 5(3)
whereas downside immediate support near 25900-800
Disclaimer : I am not SEBI registered. post is only educational purpose of elliott wave study.
Nifty50
Ramco cements ltd., Looking going; short term investmet; Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "840".
Trade carefully untill ENTRY level.
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Entry: 840 / 780
Target: 870-915-1040-1100
sl: 815 (840) / 780 (765)
major stoploss / support: 780.
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Enter only if market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer old posted idea attached below.
LLOYDS Entp ltd; Ready to shoot up; min 80-100% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
Follow for regular updates✌️
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Very close Stoploss is Enough
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Wait for small retracement & daily candle to close above - "42"
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This may be Slow and Time taking stock, but good for investment Portfolio.
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Enter after market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
Bullish Harami candlestick Pattern Seen near support zoneHello Everyone, i hope you all will be doing good in your trading and your life as well. I have brought a stock which has taken support near to important support zone and has formed bullish Harami (Pregnant Lady) candlestick pattern. Nifty is highly bullish so all the stocks giving participation in the rally, BPCL just have started. Behalf of this Harami candlestick pattern stock can react and take support in this zone and price can move upward from here. All the Targets, entry levels and the Stop loss has already mention on chart above. Please go through to know that.
First let's discuss about this Bulish Harami Candlestick Pattern.
Bullish Harami candlestick pattern is a price chart pattern that signals trend reversals in an ongoing bear market. Bullish Harami candlestick pattern is a two candlestick pattern in which there is a long bearish candlestick and small bullish candlestick pattern.
About
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
Presence Across Value Chain
Retail (Petroleum) - The company owns 82 retail depots and operates ~20,000 retail outlets across India. Presently, it has a market share of ~26% in the domestic petroleum market.
LPG - The company owns and operates 54 LPG bottling plants and serves over 6,200 distributors of LPG in India. It has a base of ~9 crore customers with a market share of 27%.
Industrial/ Commercial - The company serves 8,000+ customers and provides them with a reliable supply of industrial and commercial petroleum products.
Aviation - The company has 56 aviation service stations across airports in India and has a 21% market share in ATF (Aviation Turbine Fuel) in the domestic market.
Lubricants - The company sells more than 400 grades of lubricant products through its own brand MAK Lubricants. It has a market share of ~25% through a base of over 18,000 customers.
Gas - The company has a customer base of 55+ major LNG customers. The company undertakes this business through its wholly owned subsidiary Bharat Gas Resources Ltd which has business interest in 50 GAs (geographical areas).
Market Cap
₹ 1,46,685 Cr.
Current Price
₹ 338
High / Low
₹ 367 / 166
Stock P/E
7.53
Book Value
₹ 174
Dividend Yield
6.21 %
ROCE
32.1 %
ROE
41.9 %
Face Value
₹ 10.0
Industry PE
10.4
Debt
₹ 54,599 Cr.
EPS
₹ 43.9
Promoter holding
53.0 %
Intrinsic Value
₹ 352
Pledged percentage
0.00 %
EVEBITDA
5.25
Change in Prom Hold
0.00 %
Profit Var 5Yrs
28.2 %
Sales growth 5Years
8.48 %
Return over 5years
7.77 %
Debt to equity
0.72
Net profit
₹ 19,056 Cr.
ROE 5Yr
23.0 %
Profit growth
-2.86 %
Earnings yield
15.5 %
PEG Ratio
0.27
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
.
Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer old posted idea attached below.
nifty plan for next move will it crash 2025 to 2030?as you can see on chart history repeats all the time same patterns so plan for your growth and expect for a crash on those levels as history made before
wait for the crash
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
"Nifty50 approaching 26,500: Some Profit booking expected."📉 Nifty50 Update: Some profit booking by buyers might come in the 26,500-27,500 range or act as a sideways to bearish. This could lead to a slight correction in the market. Stay alert and consider adjusting your strategies accordingly.💼
Disclaimer: Trading in the share market involves risks, and past performance is not indicative of future results. Please conduct thorough research and consider your financial situation before making any investment decisions. Consult with a financial advisor if needed.
#NIFTY50 #ANALYSISNIFTY 50 INDEX will do one last up marked by a trend line in the form of rising wedge. Possible zone 25400-25600. It can do directly or can go by one dip but it will fast so as to trap more & more retailers on the way. Below is the marked RSI trend line which can give the idea of top as well as we are running divergent. Closing below 25700 level view in invalid.
Nifty50 weekly Bullish Engulfing can we follow or not????Nifty50 in 1st week Bearish Engulfing but not closed below 24811 & bounce back. In 2nd week Bullish Engulfing but having Trend line Resistance with Negative Divergences on RSI. Upside move will be limited till rate cuts but levels can’t be decided for upside. Now trade with Nifty trend & proper risk management. Happy Trading & thank you.
Biocon ready to fly; 25% Return; short term investmentHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "355"
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If you are interested in investment now, go for it with proper risk,
.
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Overall " biocon" fundamentally good stock.
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Enter after market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
MOL reedy to shoot u; Min 40% roi; short term; investmentFundamentally good stock,
Good For short term investment in cash market'.
Leave a " Like If you agree ".👍
.
Entry: 107 / 95
target: 113- 120- 130 - 150
sl: 95
major stoploss / support: 90
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.Try wait for Weekly candle close.
If you are intrested to invest now " go for it with proper SL"
.
Enter only after breaking & close above " Yellow box" mentioned.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below
NIFTY elliott wave anaysisNifty is in 4th wave.. low made 24750.
one leg on upside is still pending for 5th wave.
Any dip is still buying opportunity.
important level on downside and support is near 24770
and upside immediate resistance to watch 25285
expecting to move sideways between above to level for consolidation.
Disclaimer : study is for educational purpose.. i am not SEBI registered.
Coal India showing a break down on the daily and weekly charts.Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis.
The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts.
Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action.
Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone.
Entry :- Below 480
Targets :- 465
Stop Loss :- 490 (close on hourly charts)
Wait for the price action near the levels before entering the trade.
Banknifty weekly analysis for 09/09/2024.Banknifty is trading below the 50k levels and the weekly bearish engulfing candle signifies some bearishness coming.
The market has reversed from 50% fib levels and the pattern formation is also negative.
Index seems to give a follow through candle in the same direction as it has been trading silently for past few days.
Major levels :-50400, 49940, 49670
If market starts trading below 49700 levels, a bearish trend will be confirmed and sell on rise will be the market cycle.
Resistance levels :- 51000, 51320
Banknifty is trading below all the moving averages on the hourly charts and has also breached 20 & 50 DEMA.
Trade only the setup market create. Use trailing SL and profit booking on the targets.
Wait for the price action near the levels before entering the market.
Nifty weekly analysis for 09/09/2024.The index after a long time has given some momentum on intraday basis and closed below the psycological number of 25k.
A bearish engulfing candle on the weekly time frames shows some weakness on the charts. If the market starts trading below the 24800 levels, there are chances of testing lower levels.
Hourly 200 ema is also around the support zone, while the daily candle closed below the 20 ema.
Major support levels :- 25800, 24600, 24230
Resistance levels :- 24960, 25100
The level and the pattern formed around it shows a significant bearish upcoming move in the market.
There are chance of market testing the lower levels as the market cycle seems to chance.
Wait for the price action near the levels before entering the market.
Bearish RSI divergence in Nifty, indicating a potential decline!
Since October 2023, Nifty has demonstrated a robust upward trend, reaching an impressive peak of 25,333, marked an all-time high.
However, the index has recently faced a setback, pulled back from this peak and currently indicating a downward movement.
A significant bearish RSI divergence is evident on the daily chart, signaling a further potential decline for the index.
On the downside, important support levels are lies between 23,900 and 24,100.
It is crucial to recognize that a break below this support could lead to a significant drop in the index.
Nifty 50 Bearish Outlook for the Month: High Caution AdvisedDescription:
1. Monthly Chart Insights: Nifty 50 remains in bearish territory for the current month, with a notable formation of a negative candle pattern. The open = high candle is a key indication of bearish sentiment. Additionally, the Relative Strength Index (RSI) is hovering above the 80 level, signifying an overbought condition. This suggests the market is trading at a premium, raising concerns for a potential downside correction.
2. Daily Chart Overview: On the daily timeframe, further bearish divergence is visible in the RSI, adding weight to the bearish outlook. The index is also trading below its Least Squares Moving Average (LSMA) of the 25-day close, reinforcing the likelihood of continued downward momentum.
3. Global Market Cues: Globally, the market sentiment remains weak, with major indices experiencing a drag of 3% to 4%. This provides additional bearish cues for Nifty 50, aligning with the negative outlook on a macro level.
4. All-Time High Considerations: The ATH (All-Time High) of 25,333 is expected to act as a formidable resistance, with little probability of being tested in the short term. A period of consolidation or further downside is anticipated over the coming months.
Key Takeaway: Investors and traders are advised to exercise extreme caution and patience in their trading decisions, given the prevailing technical and global factors. Risk management should be a priority, as the market may experience increased volatility in the near term.
Kudos to all traders for navigating these uncertain times. Trade cautiously, trade patiently.