Get started

Oscillators

Bata India Cmp 1649 dated 30-12-2022 Triangle BOBata India Cmp 1649 dated 30-12-2022 1. Triangle BO 1650 2. RSI verge on BO Buy above 1650 for target 1665-1700-1720-1735 SL 1625 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BATAINDIALong
by SHEETAL_UDESHI
NIFTY ANALYSIS AND WEEKLY PICKSNIFTY ON 30-12-2022 Following the positive Global cues Index opened gap up and made the day high of 18265.25 but failed to sustain 18250 and selling pressure came from all directions which dragged the Index towards the day low of 18080.30. The Index kept oscillating between 18150 and 18200 and both Bulls and Bears tried to bring the odds in theirs favour. It was the final hour of trading session when Bulls can’t sustain the selling pressure and finally threw the towel. All the vital indices except METAL , PSU BANK and OIL&GAS closed in Red. Index closed at 18105.30 losing 0.47% making a Bearish candle on daily chart. Technical View : (Daily Chart) NIFTY has made a long Bearish candle which indicates the further downside in upcoming trading sessions. NIFTY is moving below EMA 13, 21and 34 and EMA 13< EMA34<EMA21 which signals that Index is still in down-trend. RSI is below 50 level which endorses the signals coming from the above-mentioned indicators. We had discussed in the previous post that Index has a tendency to move towards the EMA 13 from wither of the directions. A quick glance at the chart reveals that Index moved toward the EMA 13 ( which lies at 18225.02 on the trading session of 29.12.2022) and failed to sustain it. If Index had sustained this level then it could have been interpreted that index has completed its correction and ready to move upward. However, the failure to sustain EMA 13 on daily chart also endorses that Index may further show weakness. Support and Resistance : Daily Chart 18040-17981 will work as the first support level for NIFTY. Below this 17831 will hold strong support. On the upper side NIFTY will face resistance in the range of 18169-18244. Above this 18300 will hold strong resistance for NIFTY. Sectoral View: ( WEEKLY CHART) BANK, METAL and OIL&GAS look strong where the investors may park their welath while indications of positive reversal are visible in AUTO, FMCG, IT and MEDIA which make these indices the candidates of buying. PHARMA looks weak and further weakness may be observed during the next five trading sessions. View for Traders: Now this looks interesting. Technically Index is weak and there should not be any doubt about this. But at the same time the vital indices tell a different story. In the above section “ Sectoral View” it is mentioned that except PHARMA all other indices are either showing strength or signaling the positive reversal from current levels on Weekly Chart. So, if all the vital indices are indicating towards positive reversal then there is no reason to remain bearish on Index for the upcoming trading sessions. If the Index is indicating in two different directions the view can never be unidirectional and hence the author prefers to remain firm with two different views for the upcoming week. Index may open gap down on 02-01-2023 but there are high chances that Index will alter its direction and move towards north. Hence, under present circumstances, it seems wise to buy NIFTY on Dips rather selling at High. Buy NIFTY near the first support level i.e. 18050 for target of 18150-18200. SL may be kept below 17975 on closing basis. As mentioned above, it is better to find chances to buy NIFTY on Dips rather selling at High, it is not recommended to Sell NIFTY as the risk reward ratio doesn’t look favourable. Weekly Picks 1. BALKRISHNA INDUSTRIES BUY in the range of 2060-2080 Target 2188 SL 2015 Potential Upside 6.21% 2. HDFC BANK Buy in the range 1590-1600 Target 1700 SL 1575 Potential Upside 6.91 3. MPHASIS BUY in the range of 1920-1932 Target 2071 Potential Upside 7.86 SL 1885 4. TATA STEEL Buy in the range of 106-110 Target 119 SL 99 Potential Upside 12.26% 5. INOX LEISURE Buy in the range of 480-485 Target 520 SL 465 Potential Upside 8.33%
NSE:NIFTYLong
by VipulCIL
BPCL cmp 327 dated 29-12-2022 BPCL cmp 327 dated 29-12-2022 Swing Trade 1. Small Consolidation BO above 329 2. RSI divergence Buy above 329 for target 335-340-345-350 SL 322 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BPCLLong
by SHEETAL_UDESHI
Asian Paints Cmp 3112 dated 27-12-2022 Rectangle BOAsian Paints Cmp 3112 dated 27-12-2022 1. Rectangle Consolidation BO above 3120 2. RSI Divergence Buy above 3120 for target 3165-3200-3240 SL 3050 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:ASIANPAINTLong
by SHEETAL_UDESHI
1
MCX 1644 DATED 20-12-2022 Shooting Star CandleMCX 1644 DATED 20-12-2022 1. Shooting Star Candle @ Resistance (Negative Candle) 2. RSI Divergence Sell below 1635 for target 1605-1585-1560-1540 SL 1675 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:MCXShort
by SHEETAL_UDESHI
7
Apollo Hosp Cmp 4610 dated 19-12-2022 HAMMER @ SUPPORT LINEApollo Hosp Cmp 4610 dated 19-12-2022 1. Hammer Candle near to Support Line. Buy above 4620 for target 4650-4700-4760-4820 SL 4520 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:APOLLOHOSPLong
by SHEETAL_UDESHI
6
Titan Cmp 2522 dated 19-12-2022 Bullish Engulfing CandleTitan Cmp 2522 dated 19-12-2022 1. Bullish Engulfing Candle near the support. 2. RSI Reversal Buy above 2530 for target 2585-2610-2635-2665 SL 2460 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:TITANLong
by SHEETAL_UDESHI
Line Cmp 3444 dated 16-12-2022 Rounding Pattern BOLinde Cmp 3444 dated 16-12-2022 1. Rounding Pattern Consolidation BO @ 3385 2. RSI BO Buy @ Cmp for target 3480-3550-3635-3725- 3820 SL 3300 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:LINDEINDIALong
by SHEETAL_UDESHI
Aarti Industries Cmp 659 dated 14-12-2022 Strong Support LineAarti Industries Cmp 659 dated 14-12-2022 1. Taking Support @ the long & strong support Line. 2. RSI Positive Divergence 3. Good RRR, low risk trade. 4. Volume Rise Buy @ Cmp for a target of 675-685-700-715-740 SL 635 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:AARTIINDLong
by SHEETAL_UDESHI
1
Indigo Cmp 1992 dated 9-12-2022 Dark Cloud at TopIndigo Cmp 1992 dated 9-12-2022 1. Dark Cloud Cover Candle Stick at top of the Chart. (Bearish Candle stick) 2. RSI negative divergence. Sell below 1985 for target 1970-1945-1905-1890 SL 2035 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:INDIGOShort
by SHEETAL_UDESHI
Comex Gold(XAUUSD): Monday - 12/12/22Supports : 1790, 1786, 1781, 17754 Resistance : 1796-1797 supply zone, 1806 Right now FXOPEN:XAUUSD is in intraday uptrend clearly. A few points to be noted: The price is in an uptrend regression channel as shown in the chart (blue-pink channel). In last 3 days in hourly chart, one can see the price is making higher highs, however RSI is not able to cope up with the higher highs (shown as dotted green line). So there is a clear negative divergence in the hourly chart indication of momentum exhaustion . 1790-91 will be the most crucial level to watch for. The fib 61.8% is there as well. A breakdown of that level means the uptrend channel also broken. SL: 1795. On higher side, 1805-1806 is the level above which, if price sustains, can go Long with SL of 1996.
FXOPEN:XAUUSDShort
by pradipandsuvra