Nifty Analysis
Recap from yesterday: ”I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.”.
The prediction came out exactly true, but the trading results today were not satisfactory. Nifty stayed in a very tight range today with no...
Add this to your watchlist wait for conformation
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take entry only if it is stustaing above "YELLOW" box mentioned
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Fundamentally good stock
Right price to invest
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Dont be aggressive to take entry
it may takes time for right entry
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entry above 500
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stay for update
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refer my old ideas for clear view
«👀 BLISS GVS PHARMA 💀»
Stock looking good for medium to long term holdings , Stock has broken out of a range consolidation of almost 2 years and has also formed a bullish flag and pole pattern
Stock's fundamentals are also very good :
🫴 PE ratio of 16(undervalued)
🫴 Debt to equity ratio 0.1(Low debt)
🫴 Cash flow good
🫴 Defensive sector (Pharma)
🫴 Fiis and Diis...
Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high.
It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart.
On the hourly charts, there...
The market finally has given a nice trending move and has closed 116 point higher.
On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels.
A nice bullish candle on the daily charts is showing some positivity and if the...
Ratio chart is showing positive divergence which means index is likely to strengthen against Nifty50.
11300-11100 is the zone to watch out for bottom or wait for positive divergence on daily CNX Pharma chart. Pharmabees is the instrument which can be used for investment.
Disc : It's not an investment advise to buy or sell.
AJANTPHARM, a leading pharmaceutical company, has recently seen its stocks take a dip, positioning perfectly into the EMA 20 strategy that I'm about to unveil. Before we dive into our analysis, let's ensure we understand the strategy.
📚 The EMA 20 Strategy Explained
Identify an Uptrend: Look for a Higher High-Higher Low structure.
Ensure the EMA 8 lies...
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Today the market has killed the option buyer as it has consolidated in a small range of 60-70 poits.
Nifty has formed a halt candle and has closed flat on the daily charts.
On the hourly chart, nifty traded in between the moving averages, taking resistance from 200 ema and support from 20 ema.
A good consolidation is going on in the market and trend market is...
Today the markets tried to move in the upward direction but nifty constantly struggled to cross 19400 level as there is also 61.8% fibonacci level.
Nifty tried to cross the level but couldn't sustain above it. The market has closed around 61.8% fib level and if the market again go for a dip it will be a chance to short the markets.
On the hourly charts, market...
Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels.
Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week.
On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been...
Banknifty has started trading below the previous swing low and closed below it. Volume are getting low on the weekly charts and it is near to the 20 EMA, there are chance of market testing the moving average.
On the daily charts, banknifty has formed a bearish candle and after retesting 50% levels it has started trading below the swing. There is a bearish trend...
Market are very volatile and is killing profits for option buyer.
Today's market was good in the first half as it gave a nice bearish movement but got jittery in the second half.
Being expiry, no trending market was seen even in the closing hour and nifty closed 90 points lower forming another lower wick rejection doji.
On the daily charts, market is seriously...
A clear bullish engulfing candle and a dragon fly doji on the daily charts shows some bullishness in the indian markets.
Nifty has given a U shape recovery today, after crossing 19530 levels market looked good for selling but it reversed after 100 points fall from the day high.
Today's market was totally unpredictable as it started consolidating after the fall...
Pharma index breakout all time high, looking strong long term .
After retest of index one can enter in this sector
This only educational view. No recommendations to buy.
CMP 115
A thread on price pattern , expected movement
In year 2006 it marked highs of 30.2 and after 8 yrs gave breakout in 2014 post which it gave nearly 4X move in 1 odd year to 115 in 2015.
This time again it has Brokeout after 8 yrs in Jun 2023
If the price pattern repeats then a move towards 400 could be seen on the same line and pattern.
Said that, the...
