NSE:NIFTY
Hey traders this is Nifty Chart Analysis for 06 feb 23 let's see how the events are unfolding for nifty.
#Option chain - ATM & OTM Puts written and ITM Calls Unwinding - Indication of High Probability bullishness.
#Put Call Ratio form last 3 days as follows.
1st Feb - 0.54
2nd Feb - 0.78
3rd Fed - 1.11
as you can see its increasing sign of...
In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets.
- NSE Britannia – The Last Move of Correction
Timeframe: Daily
NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the...
#BRITANNIA (Britannia Industries Ltd) has outperformed both the #Nifty and its sector peers, and there is a 2.5-year parallel channel breakout on the weekly chart.
I compared BRITANNIA to the Nifty and its peers in the sector beginning October 18, 2021, and discovered that BRITANNIA outperforming both the Nifty and its peers in the sector.
BSE: 500825
NSE :...
We can be double sure that stock should turn from here.
One can wait for confirmation reversal candle or take little risk as the R&R is in our favor.
No one will stop eating pizza, so this stock is not going to crash from here.
SL is a key.
Take your own decision
NSE:NIFTY
Nifty has been in a free fall from last 3 days but it has paused and signeled some signs of reversal after a volatile range bound session.
It has a good support of 17420 and at the same level 2 more confluences are present.
1. bear channel support line ( marked in green colour)
2.Daily TF Support trendline support.
for nifty to move more down it need...
We should wait for a confirmation candle. I have highlighted using a circle the pattern we should expect for a bullish mometum.
After todays market, one thing is clear, the market wanted to take out 17400 PE players and now it is positive.
This will give a boost to our stock as well.
Someone new to Wave-Counting might be a little confused. OR a lot confused.
Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish.
You'll notice in the chart below that another higher price ABC.
An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B.
At this time,...
#HDFCLIFE (HDFC Life Insurance Company Ltd) Weekly Chart: Double Bottom (W) #Breakout It is currently underperforming the #Nifty.
BSE: 540777
NSE : HDFCLIFE
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of...
Larsen & toubro Cmp 2160 dated 27-1-2023
1. Parallel Channel breakdown @ 2130
Sell below 2130 for target 2095-2070-2040-1985 SL 2205
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...
Technical:-
It has forming Cup and Handle kind of structure on daily chart while taking support on the Parallel chart trend of weekly which seems much strong enough to give it bounce to touch the upper line.
Target would 1900/2300/3000+
Time frame: 1 month / 3 months / 1 year
Fundamental : PVR-INOX merger got approved recently. People has given better...
#BECTORFOOD (Mrs Bectors Food Specialties Ltd) has outperformed both the #Nifty and its sector peers over the last 123 trading sessions, and there is a 6 month horizontal resistance line #breakout on the daily chart.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket...
In natural gas despite of record production in US, its inventory comes negative.
NG has created positive RSI divergence in 4 hr chart from 3 Jan 2023 and trading in downward parallel channel which shows, if it can break this downward channel than it can directly touch 5-5.6USD.
This is for learning and education purpose, do not take as trade advice.
Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction.
There are two reversal points for natural gas:
1) Wave C can occur near wave (4)
2) wave C can accomplish its...
Reliance is at bottom of rising channel on daily TF, good to take risk and trade with a small stop loss. Target 1 -2862 & Target 2- 3200. Stop loss 2300 on DCB.
