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#NIFTY50 - Analysis for 16th August, 2023 ©Hello Pivster's ★ •As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone. •But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300. ⇲ My Pivot Auction Chart is posted below for reference: Now that we have a general overview in place let's see what is the anticipation for tomorrow's market movement ↓ ⌖ In case of a GAP-UP: ␥ CASE -1: IF we see a gap-up opening above or near PDH then a reversal for the Bullish GPZ magnet can come and then-on the situation is to be monitor'ed. ␥ CASE -2: IF we see a gap-up opening in between PDH and PDC then the movement can be slow towards the DH3 cam level which also has WH3 responsive sellers waiting there for a quick down push towards PDC and if it is protected then it can shoot-up to trap the weekly sellers. ⌖ In case of a GAP-DOWN: ␥ CASE -1: IF we open gap-down near to the bottom of the GPZ or below the GPZ then the broader sellers in the ongoing trend might trap the buyers near a bounce to Daily Pivot and aggressive selling can be seen once the previous session buyers are trapped and a cartel of different TF sellers would be active and bash the index like Newton's Apple towards the major support level 19300. ␥ CASE -2: IF we see a gap-down opening near or below the Daily Pivot or L3 cam level then we can see a bounce from yesterday's weekly responsive buyers protecting the GPZ and once the GPZ is taken out we would see further momentum by these participants getting joined in by daily responsive buyers too So, I wish you are equipped with all the needed information for the coming trading session and i wish a bucket full of profits for everyone 🥂 Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶 Regards, Mukkull
NSE:NIFTY
by PivotMinati
3
Don't let NEULAND get Out of Hand !!!-Annual Revenue rose 26%, in the last year to Rs 1,200 Crores. Its sector's average revenue growth for the last fiscal year was 8.4%. -Annual Net Profit rose 156.2% in the last year to Rs 163.5 Crores. Its sector's average net profit growth for the last fiscal year was 1.3% -Price to Earning Ratio is 24.9, lower than its sector PE ratio of 42.6. -FII/FPI have increased holdings from 18.14% to 20.19% in Jun 2023 qtr. -Mutual Funds have increased holdings from 0.99% to 1.57% in Jun 2023 qtr. Neuland Laboratories is engaged in manufacturing and selling of bulk drugs and caters to both domestic and international markets. Their products are exported to more than 35 countries including Germany, Italy, Switzerland, the UK and the Netherlands.
NSE:NEULANDLABLong
by CannySunny
2
AMBER AMBER :- The stock has given a breakout after 1 year, if the breakout sustains, we may see an upside movement. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:AMBERLong
by AjayDhakad_Keep_it_simple
1
PNCINFRAPNCINFRA:- Stock is moving in parallel channel, about to give breakout, keep your eye on alert Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:NCCLong
by AjayDhakad_Keep_it_simple
2
MPHASISMPHASIS:- The stock is moving under the Darvas box, if we get an upside breakout, we may see upside movement Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MPHASISLong
by AjayDhakad_Keep_it_simple
Hourly timeframe analysis of Canara BankA short-term trade can be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the hourly timeframe or the latest low. As for the target, aiming for a price range of 350 to 360 could be a prudent strategy.
NSE:CANBKLong
by popularExpert69803
Exploring Canara Bank Stock: An Breakout of an 11-Year TrendlineIn the world of stocks, interesting trends can often reveal exciting opportunities. One such intriguing situation is happening with Canara Bank's stock. There's an 11-year-old trendline that has been obeyed by the price six times in the past. And now, it appears that a breakthrough is occurring in this stock. If we look at the monthly candle of July 3, 2023, we can observe a breakout from this resistance trendline. This breakout presents a chance for a trade with a promising risk-reward ratio of around 2.7. To explain, the recent low (trading between 270 and 278) can act as our stop loss, while the target lies within the resistance zone ranging from 499 to 514. This is our initial target. However, it's worth noting that we could even aim higher, targeting all-time highs (ranging from 723 to 732). This ambitious goal could potentially yield a remarkable risk-reward ratio of about 6.5. Yet, achieving this could take quite some time and would depend on how the stock's price action and momentum unfold during the journey to the initial target. Delving into entry conditions, we also see some promising signs on the hourly timeframe. The stock has displayed significant price action here as well. The hourly trendline, much like its longer-term counterpart, has been tested around 5 to 6 times in the past, making it a reliable marker. Once this hourly trendline is breached, it could serve as a trigger for initiating long positions. Alternatively, a short-term trade could also be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the hourly timeframe. As for the target, aiming for a price range of 350 to 360 could be a prudent strategy. In conclusion, the unfolding breakout in Canara Bank's stock presents an exciting scenario. Whether pursuing a longer-term target or considering short-term gains, the trendline dynamics in both the monthly and hourly timeframes offer intriguing opportunities for investors to consider."
NSE:CANBKLong
by popularExpert69803
NIFTY50 : WEEKLY EXPIRY SPECIAL 🔍So, got a lot of enquiries for explanation of today's movement by Indices and here I will try to summarise the entire context for ongoing price movement with the help of my very own "Pivot Auction Chart" 📶 ➖ To start with the general context of this week's price movement - 👉🏻 Currently both the indices are in grip of weekly participants (responsive). 👉🏻 So, either they show strength at the pullback to push the price in the ongoing direction or else the Monthly Responsive players will trap them in coming sessions which will lead to a situation of pullback getting turned into reversal. This context was discussed on 8th August, 2023 What happens today?? 📍 We saw a O=H opening today depicting strong selling pressure as we break the previous 2D low which happens to be at the Monthly Cam Level L3 (ML3) and Weekly Pivot (Pivot(W)) . 📍 Now with first hour being a seller's candle alongside daily narrow CPR setup which was an indicative of a possible trending day which turned the tables after the flush of weak daily sellers who enter in the market after a consolidation in the first half. 📍 With the market narrative being seen as a pause for further selling in the second half, we see a price breakout from the hourly price range and as the general context was given we see as soon as the price cam to previous 2D low in confluence to the price level of Monthly Responsive Buyers they trapped all the shorters for the day with the of help of Metals, OIl & Gas and Auto Sector in their bucket to push the price higher to the 2D high. ◇Attaching a snapshot of NSE:NIFTY in accordance to Auction Market Theory (AMT) which shows this phenomenon in more depth and will help you tomorrow too ▿ ↘︎ A brief for tomorrow's expiry movement: • We see a Bullish GPZ setup for tomorrow alongside an event day too that is "RBI MONETARY POLICY" meet which starts at 10am IST. • So, here one thing is which is very straight and simple is that NSE:NIFTY will be in control of today's buyers until the GPZ is taken down. • In case of GAP-UP opening we have a broader responsive range of "Weekly Responsive Sellers (WH3) - Quarterly Responsive Sellers (QH3) & also Daily Responsive Sellers (DH3) so, a dip can come towards the GPZ and if the GPZ is intact a good short covering can be seen tomorrow towards 19800. • In case of GAP-DOWN opening we can price taking an initial bounce from the Daily Pivot and if the price unable to cross PDH then first we will break the GPZ and then if the news momentum joins in then we can go as deep as towards 19380-19410 levels. So, here is a summarised brief of today's movement in the simplest yet as descriptive as possible and tomorrow's possible move in NSE:NIFTY and similar follow up in NSE:BANKNIFTY ✓ If you found it helpful then share it with your traders/friends/family ⏭️ Regards, Mukkull 🫶
NSE:NIFTY
by PivotMinati
11