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Niftyit

** NIFTY IT index outlook for the next few months **Hello Traders., Today its 9 Dec evening.. We have found a descending triangle just at the top of the rally in the NIFTY IT index. And the Triangle is going to break. Two things to watch out from here.. i) Firstly a huge momentum will be followed in the IT stocks when the triangle pattern breaks either on the upside or on the downside, ii) Secondly the trend will be set and always follow the trend . So please be careful in the investments that you take in the IT index stocks. It's not long that we might see a good correction or a positive upside in the IT stocks . I am not saying you to short or be long the IT stocks tomorrow but the Outlook is a terrifying . So please have a look. Time will say everything. Have patience.
NSE:CNXIT
by Shruti_Advisory
Simple Trade Setup | COFORGE | 09-12-2021 [ INTRADAY] NSE:COFORGE I am posting this as one of the follower on Twitter requested for it. Observations: 1) On 1day time frame,Today, Today it traded between 100DMA and 50DMA. Breakout on either side will give a good move on that side. 100DMA is placed at 5180.30 level. So level range of 5180-5200 will work as support. 50DMA is placed at 5350.25 level. Which will work as immediate resistance. Please refer below chart : 1 day Time Frame. 2) On 1 day time frame, we can see below levels as support and resistance. Please refer below chart : 1 day Time Frame. 3) On 15min time frame, we can see that it has been trading in the resistance channel range now. If it gives sustainable breakout of this channel then it will be bullish. Please refer below chart : 15min Time Frame. 4) Also on 15min time frame, we can see that it has formed the bullish flag and pole pattern since last 3 trading session. If this pattern gets activated and gives flag breakout then we can see good bullish move. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 09-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:COFORGE
by Trading_hawk
Swing Trading Opportunities for the week beginning 29-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 29-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK For you to get a better perspective of the reasons behind this week’s post, I recommend that you read/watch the video on the Weekly Analysis of Indices posted by me separately. This week is different than usual as we had only a 4 day week trading week whereas the world was open on Friday as well and a lot has happened on that day in the global markets due to reimposed lockdown in Austria and likely actions by other European countries. CAUTION - Please read this week’s post bearing in mind the fact the market situation has already changed in a day and it may further change by the time you have read and watched the video. So please take due care and apply due diligence before making any buy decision in any of the scrips listed here. This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Auto Commodities IT Media Pharma If the Covid related negative sentiment persits during the week, IT, Media and Pharma are likely to do better than the other sectors. There are many sectors such as Private Banks and PSU Banks that have closed around their 50 Weekly MA, however, I have not included them as these would be most sensitive to any negativity that may set in the sentiments. WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17006 Federal Bank HDFC HUL Infosys Reliance Tata Consumer Tata Steel UPL Ajanta Pharma Emami Ltd NCC Laurus Labs Lupin Tata Communications ZEEL Alembic Pharma The market is at an uncertain level and as I write this, Maharashtra has kicked in RT-PCR tests or full vaccination as the barriers to entry into the state. This clearly shows that this time around, no one wants to be taken off guard and the market may react suitably as Mumbai is the Commercial capital of the country. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 27-11--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:TATACOMMLong
by AVENUESOFINVESTMENT
NIFTY AND BANK NIFTY LEVELS FOR 10TH NOVThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
NSE:CNXIT
by maverick_trader2002
TATA ELXSI'S BEST BUYING ZONE. BULLISH SHARK PATTERNTata Elxsi has outperformed its peers over the year. Everyone's looking for the right entry to buy the stock. Now's the chance to buy the stock if at all it reaches the PRZ/demand zone mentioned on the chart. The stock may exhibit the XABCD bullish shark pattern, which is completed only if the price reaches the mentioned demand zone. Buy in the demand zone and place stoploss below the demand zone on the price closing on daily timeframe. The targets are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:TATAELXSILong
by Sanjan91