The Banking-FMCG-Realty Trifecta Turbocharges Market Growth.Nifty Bank
The Bank Nifty is on a strong upward trend, consistently making higher highs and lows.
It has recently broken through its previous all-time high while moving within an ascending parallel channel, indicating potential for further gains.
Nifty FMCG
The FMCG sector is a major player in the market, and with a recent breakout, the index has reached its all-time high.
The price action indicates bullish momentum, suggesting it could continue to rise.
Nifty Realty
While the overall trend is positive, the realty sector has struggled to make a significant impact in recent months.
However, a bullish Pole & Flag pattern has appeared on the chart, signalled a possible continuation of the upward trend.
A recent breakout shows the index is active again.
Niftyfmcg
Nifty FMCG - Price Action Indicates Robust Growth
The chart clearly indicates that the index is experiencing a robust uptrend.
Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out.
The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation.
Despite attempting to surpass the resistance level, the price failed.
Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend.
Additionally, the current RSI is above 60, indicating the strength of the index.
CNX FMCG Indices Technical Analysis - Nifty FMCG did play out exactly the way I had forecasted and now it's following my path.
- FMCG stocks can witness a good retracement and I think this isn't the right place to add them as well
- For any long term Investments better try understanding the fact that catching a bullet train in the middle won't help you in gaining money it will help you more in losing.
NIFTY FMCG Sector Analysis (1W TF) - 16th December 2023#NIFTYFMCG Sector Analysis (1W TF)
Pattern: RECTANGLE BOX BREAKOUT
- Breakout of Resistance - Done ✓
- Retracement & Consolidation- Done ✓
- Pullback Candle - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Hindustan Unilever Strong BreakoutBased on my analysis of the daily timeframe chart of Hindustan Unilever, it appears that the stock has recently broken out above a strong resistance zone that has been tested multiple times. This presents a potentially good opportunity for a swing trade.
For entry, I recommend going long at the open of the next candle. However, it is prudent to enter with only half of the desired position size initially, as many breakouts tend to fail. If the price pulls back to the flip zone and finds support before resuming its upward movement, we can add the remaining half of the position size. It is worth noting that sometimes the price does not pull back, which is why we are entering the trade with only half of the desired position size right after breakout.
Regarding the stop loss, I suggest placing it below the resistance zone with a buffer to mitigate the risk of getting stopped out too early.
As for the target, I recommend aiming for a 1:3 risk to reward ratio. This means that for every unit of risk taken (i.e., the distance between the entry point and the stop loss), we are targeting three units of potential profit.
Thank you for reading this post. If you found it helpful, please consider giving it a like and following me for more trading insights and market analysis in the future.
COLPAL Set to Outperform Index Nifty 50Attached: COLPAL/ NIFTY 50 Daily Chart as of 11th May 2023
The above Ratio Chart shows a Classic Bull Flag Setup within an Inverted Head & Shoulders Pattern. This is Bullish Evidence in favor of the Ratio Rallying Upwards
They say Buy Strength and Sell Weakness
Therefore this makes NSE:COLPAL a BUY given its Potential to Outperform!
COLPAL looking weakColpal on weekly charts is looking weak and has broken down important demand zone and also long term trendline support. Current weekly looks to be a pullback / retest of the breakdown and positionally it may slip down further. Further details are marked on charts, longs needs to be cautious here.
Som Distilleries & Breweries LTD- Multiple Indicators + Risky 📊 Script: SDBL (SOM DISTILLERIES & BREWERIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Breweries & Distilleries
Key highlights: 💡⚡
This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 110
🟢 Target 🎯🏆 - 118
⚠️ Stoploss ☠️🚫 - 106
⚠️ Risk Hai Toh Ishq Hai
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy Navaratri 🕉️ 💃🏻🕺🏻
Happy learning with trading. Cheers!🥂
Prataap snacks Ltd - MACD Crossover📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
📊 Nestle India Swing Trade Opportunity 🎯NSE:NESTLEIND
Everything mentioned on chart. Kindly trade as per your trade setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
🧴 Hindustan Unilever Swing Opportunity 🎯NSE:HINDUNILVR
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 As One can see, This Pattern has Been Made on Weekly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 2208.60 Targets :- 2241, 2278, 2327 and more trailing basis
PRZ 2 :- 2167.20 Targets :- 2208, 2241, 2278 and more trailing basis
SL :- 2120 (Closing Basis)
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, ask doubts in comments below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
💉💊 #auropharma 🎯NSE:AUROPHARMA
Pharma sector is already much oversold but it doesn't mean that it can reverse from here tomorrow only, so whoever knows reversal trading those only please try to trade on this chart.
As one can see at the D point of harmonic pattern there is a dashed line that is called harmonic PRZ even below that there is one line with a caption like closing basis stop loss so if anyone can fid reversal in this marked zone then only fo go swing trade with given stop loss. try to trade as per your trade setup and if you don't understand this reversal trading try to just observe and check out old posted charts for better understanding.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.