06 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. US markets are up 1- 1.5%. 2. Asia and Europe are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 and hence at elevated levels. 2. GIFT Nifty is indicating 112 points uptick @22600 for Nifty and Bank Nifty is indicating gap up to 49200. INDEX HEAVY...
Nifty - CMP 22475 The Index is down to channel support as well as MA support. My oscillators are also telling me its a buy here. So go long on Nifty is the call.
ETHUSD is looking for long opportunity after forming corrective formation, expecting target to reach at 3400
Bitcoin is looking for buying opportunity after forming expanding channel & has clear formation to make movement to the upside, expecting target to reach at 68K
After good correction there is strength seen in this counter. Double bottom is confirmed here, this means now there is change in trend and now bias is up. buy on dips will be good strategy
Pharma on Fire ! Breakout Season in Full Swing ? Dr. Reddy's consolidating after a channel breakout, while Alembic, Natco, Torrent & Auro wait in the wings. Primal & Ajanta Pharma already rocketed! This Breakout Frenzy Hints at Sector Boom
Kabra Extrusiontec Falling Trendline Breakout on Daily Timeframe
Ppl pharma witnessing a Falling trendline Breakout along with cup and handle Pattern on the weekly timeframe.
As always, expectations from Adani Power Q4 results were very high and even though results were good (except for higher tax amount), there is a sense of disappointment in the street. The story remains intact; may be some more consolidation. Any panic fall towards 570-560 due to rumours/news should be treated as an opportunity to buy. This is not a trade...
Weekly charts are very strong on Daily charts multiple rejections at 2400 level followed by Bearish Engulf has cause weakness Expected pattern tgt is 2257 though being short is risky as larger trend is bullish Buy above 2352.64 for raiding bullish trend lower term supports are 2222.915 and 2148.990
Great Relative strength, Turnaround story, Good EPS growth, Media sector was in deep consolidation for years, signs of cyclical turnaround are seen, CMP 278, Target 1 - 500, Target 2 - 800, SL DCB - 215, Risk Reward is good
Hi Traders!!! An analysis on Punjab National Bank is here. PNB is forming symmetrical triangle pattern on daily time frame. Go through the analysis and comment your opinion. Cheers and Happy trading !!!
FOR LEARNING PURPOSE BASF INDIA - The current price of BASF INDIA is 4062.5 rupees I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation base 2. The breakout candle is good with great volume 3. Its giving 3 year high break after some rest and making ATH 4. It is showing better...
On weekly charts nifty looks to be stuck into a flag pattern A decisive break on either side is needed for some good move On daily timeframe 22794.7 which is high of bearish engulf right at breakout zone will provide strong resistance on downside first support will come from Bullish Engulf's low which is 22305.25
#Coalindia cash -Positional call 05.05.2024 Flag pattern breakout seen Looks good at 465-467 & more above 500 close Stoploss 400 Target 650-700 target in 12 months Cmp 474.60
BANKNIFTY Intraday Trade Setup For 6 May 2024 Bullish-Above 49200 Invalid-Below 49090 T- 49725 Bearish-Below 48650 Invalid-Above 48760 T- 48100 47550 BANKNIFTY has closed with 1.5% gain last week, however both side moves were seen. Index has taken stiff resistance from psychological level 50k and corrected till previous hourly level 48700. Now possibility is...
NIFTY Intraday Trade Setup For 6 May 2024 Sell_1- From 22650 Invalid-Above 22700 T- 22500 Sell_2- Below 22340 Invalid-Above 22390 T- 22110 21886 NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact....