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TATAPOWER Ready to Takeoff on Weekly Charts.TATA Power is following 76 Weeks Cycle & It has completed 76 weeks of correction. Earlier 76 weeks stock jumped from 29 to 300 --> 10x in 90 weeks. Corrected to level of only 181 in 76 weeks ... Also a Flag pattern getting Built on the Weekly charts. Any breakout on script above 225 can see the Momentum coming back to the Script with big Players to start accumulation again on the stock for the Targets of 1000+ in 2-3 Years. LTP - 207 SL - 175 Targets - 1000+ Timeframe - 2-3 Years. Logical Reason behind the targets given - Power Sector in INDIA is in-demand sector with EV vehicles becoming future of INDIA. Once the Stocks crosses 225-250 Big Players will again start accumulating the stocks for 2x-3x ROI which will drive the stock to 400+ with buyers still lined up for weeks to go. Big Players don't do investment for 20-30% ROI they do invest for multi year & multifold returns. So 1000+ Targets very much Possible / Logical & Achievable on the stock in coming months. Happy Investing to be Friends & Followers.
NSE:TATAPOWERLong
by JITU_210
Nifty - RSI divergence on monthly charts.Almost every analyst has been talking about RSI divergence on monthly charts. Besides divergences, RSI is making lower tops n bottoms, while nifty is doing just the opposite. A trend line break of RSI will indicate upmove in Index, while the opposite will indicate other-wise. This chart may provide an important clue, that is significant for this point of time. I repeat, ride the trend while keeping an eye of reversal signals. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Please consider hitting the LIKE button below the chart, if you find this post / idea worthy. You may also FOLLOW me over this forum for periodic updates on Nifty , Bank Nifty and bullion.
NSE:NIFTY
by ipuneet
Bank Nifty has turned weak on Daily charts.Bank Nifty has closed 773 points below yesterday's closing. It has corrected by approx. 1700 points down from its recent high. With today's fall, it has filled the opening gap, that was created on Sep. 23rd. With today's closing, It has turned negative on RSI and CCI indicators on daily charts. Adopt a sell on rallies approach until with a stop loss of 27960. Please consider liking this post, if you find it informative and worthy, you may follow me on this forum for periodic updates on Nifty, Bank Nifty. Wish you a profitable day.
NSE:BANKNIFTYShort
by ipuneet
2
ICICIBANK - The Gabbar of BANKNIFTY forms H&S in 30 Min ChartsUnveiling the Head and Shoulders Pattern on 30-Minute Charts Introduction: In the dynamic world of stock trading, technical analysis serves as a powerful tool for investors to identify potential trends and turning points in the market. Recently, ICICI Bank has caught the attention of traders and analysts as it has formed a significant technical pattern on its 30-minute charts – the Head and Shoulders pattern . Understanding this pattern and its potential implications can provide valuable insights for those navigating the complexities of the stock market. The Head and Shoulders Pattern Defined: The Head and Shoulders pattern is a classical reversal pattern that often signals a shift in the prevailing trend. This pattern typically unfolds after a bullish trend and consists of three main components: a left shoulder, a head, and a right shoulder. The formation resembles the outline of a head and shoulders, hence the name. Key Characteristics of the Head and Shoulders Pattern: Left Shoulder: - The left shoulder represents the initial phase of the reversal pattern and is formed by a peak in the price after a bullish trend. It is followed by a decline, indicating potential weakening of the uptrend. Head : - The head is formed after the left shoulder and represents a higher peak in the price. This signifies a last attempt by buyers to push the price higher. However, the failure to establish a new high results in a decline, marking the formation of the head. Right Shoulder: - The right shoulder follows the head and is characterized by another peak, similar to the left shoulder. This peak is typically lower than the head, forming a neckline. The right shoulder's formation indicates a continued struggle between buyers and sellers. Neckline : - The neckline is a horizontal line drawn across the lows of the left shoulder, head, and right shoulder. It serves as a crucial level of support, and a breach of this line is considered a confirmation of the pattern. ICICI Bank's 30-Minute Head and Shoulders Pattern: As we analyze ICICI Bank's 30-minute charts, the formation of a Head and Shoulders pattern becomes evident. The left shoulder, head, and right shoulder are clearly identifiable, and the neckline acts as a critical level to monitor for potential confirmation. Left Shoulder Formation: The left shoulder is marked by a peak in price, followed by a decline, signaling the end of the preceding uptrend. Head Formation: The head is formed as the price attempts a higher peak but fails to establish a new high. This failure results in a subsequent decline. Right Shoulder Formation: The right shoulder mirrors the left shoulder, and the neckline connects the lows of these two shoulders and the head. Neckline as a Key Level: Traders and analysts are closely monitoring the neckline as a crucial level. A decisive break below this support line could validate the Head and Shoulders pattern and indicate a potential reversal in the stock's direction. Conclusion: The identification of a Head and Shoulders pattern on ICICI Bank's 30-minute charts suggests that the stock may be on the verge of a trend reversal. However, it's important for traders to exercise caution and await confirmation through a clear breach of the neckline. Technical analysis is a valuable tool, but it should be used in conjunction with other indicators and thorough research to make informed trading decisions. As always, market participants are encouraged to stay updated on relevant news and market developments that may impact the stock's performance.
NSE:ICICIBANKShort
by HappynessPro
Live: Now get Advt-Free Experience for Charts on TradingView.comHello Traders, We are always striving to enhance your trading experience, this time beyond the execution of your trades. Our partnerships and integrations are a testament to this commitment to enabling a Trading and Investing experience for you with our partners, and we are aiming to deliver more value and a better experience for you. Our collaboration with the team at TradingView has always been a step in this direction. Like many of you, we love and admire TradingView’s comprehensive and intuitive charting tools. Whether you're using them on tv.dhan.co or directly on TradingView.com, their charts are indispensable tools in the Trader's toolkit. And when you trade on TradingView.com with Dhan, you're getting the best of both worlds - exceptional charting combined with our robust trading platform. Today, we're thrilled to announce a significant update for all our Dhan users: Advt-free Experience for Charts on TradingView.com For the next year, enjoy an uninterrupted, ad-free experience on your TradingView.com charts - at no additional cost, even without a paid subscription; yes - even for Free users of TradingView.com. Simply connect Dhan as your broker in the Trading Panel, and our friends at TradingView will handle everything else. Not only this, no ads when you browse through TradingView content or publish your ideas. This initiative is to ensure that all Dhan users have an exceptional trading experience, free from any distractions and clutter. We believe this will greatly enhance your chart analysis, allowing you to focus more on what matters - your trading decisions . We are excited to bring this to you. Happy trading, and here's to clearer charts and sharper trades! And special thanks to our TradingView community members for their suggestions, and feedback throughout. We are working continuously working towards providing an exceptional Trading experience to all the users.
NSEIX:NIFTY1!
by Dhan
4
Sectorial Ratio chartsThis analysis is to see some of the ratio charts of different sector in comparison to Nifty, which in my opinion can give a directional edge to traders for short to medium term in terms of identifying which sector may be outperforming wider market. Pharma Index / Nifty ratio chart is suggesting a falling wedge BO on weekly charts and possibility of Pharma outperforming for comings weeks is higher with RSI divergence and also MACD signal showing strength. #Banknifty Banknifty / Nifty - C&H breakout and as seen since last few months - Banknifty continue to outperform Nifty and may still continue to lead #CNXFinance Financial sector is also outperforming nifty, looks like buy on dips setup #CNXIT CNXIT vs Nifty is showing weakness but is oversold, chances of bounce back - but may still continue to underperform wider market. #Realty Reality sector is showing signs of outperforming Nifty in coming weeks, with falling wedge visible on ratio charts along with MACD & RSI showing good signs #FMCG FMCG ratio chart can give a C&H breakout, overall looks +ve #CNXAUTO No clear strength or weakness in comparison to Nifty, looks like at par
NSE:CNXPHARMA
by aktradelearning
3
What Type of Charts/Picks u want ?NSE:CANBK Sharing levels on regular basis, keeps on my followers increasing and the messages too. But when i see the boosting (LIkes) not able to see upto the mark. Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ? let me know your views.... Based on your replies will try to refine the picks or analysis as per need. Expecting promt reply if my charts were useful, else kindly ignore and check this chart too....
NSE:CANBK
by Market_Order9
Caution : Negative Divergance on daily charts of Nifty 50...Nifty is showing three strong signals for correction Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness... Signal 2 : On weekly charts a Shooting star pattern is forming... Signal 3 : RSI at weekly charts is highly at overbought zones... Now for next few days small cap may run and many people will turn bullish & will enter at higher price and may face losses... Be cautious... Do your on study before making any positions... Please Like, Follow and Comment (Share your views in comment section)...
NSE:NIFTYShort
by MrAkshatP
5
BankNifty NR7 on Monthly charts + Covid low Trendline ##BankNifty making NR7 on monthly charts of 4000 points 49500-53500 levels also it trading near Trend line of Covid Lows this time BankNifty may give breakdown of this TrendLine. BankNifty Components like HDFC BANK & ICICI BANK made a Shooting Star on Monthly Charts so we have to watch these two how they move with Q3 Results onboards in coming days. Q3 Results will be more important for BankNifty to give Range Breakout. I am waiting for breakdown of Trend line & 50055-49555 levels then only I will make short position. Target for Downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
NSE:BANKNIFTYShort
by K_Dyadav