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Nifty 50 4-8-2021The Nifty gave a tremendous Gap up opening as I analyzed in the previous post. Now today Nifty 50 is looking bearish as you can see a formation of a Channel and also the PCR is 1 which is Neutral or Bearish. As shown in the picture, there is a major resistance on 16225-16250. But if Nifty opens with a gap down opening be carefully as it can also be a fake move to trap the put buyers or call writers and Make a selling mindset only if Nifty breaks the level of 16000. Or Make a mindset of buying only if Nifty Breaks 16200 and closing above 16250. . . . . . . . . . *Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
NSE:NIFTYShort
by vashishthviraaj
NiftyNifty is on the make or break level. We can see a good move on both sides/ So keep an eye out. . . . . . . . . . . *Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
NSE:NIFTY
by vashishthviraaj
Is Banknifty correction over???Bnf has shown a good buying pressure and opened gap up breaking the upper trendline. Had to rework on my wave count and chart patterns. Bnf did sustain above the trendline and gave a closure about it. Hence above the trendline it is bullish and will continue making wave 5 if it sustains the bullish momentum. If bnf moves below the trendline then it will call for a complex correction. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
NSE:BANKNIFTYLong
by The_Trader14
NIfty BreakdownNifty 50 is not looking good as per option chain data there is heavy writing on 15900 on call side but put side is considerably weak. So keep your puts ready as most probably the nifty 50 can go down after this consolidation.. . . . . . . . . . . . . . . . . . *Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market. . . .
NSE:NIFTYShort
by vashishthviraaj
CHANCES TO REVERSAL AT HIS NECKLINE!!!BANKNIFTY:-We can see here how Bollinger band,Gaps,DMI,RSI & Fibbonaci retracement work as a conformation if it mix with chart patterns. See late April how Doji made by gap up its upper weak is out of Bollingerband,DMI also taking a crossover there next day it was a negative crossover.See at mid May first green arrow it was a Bullish Harami pattern and it was a out of band but it didn’t go up see second green arrow it was a Harami & DMI also given a positive crossover.See at early June a Doji or a Grave stone was madeit was a sign that reversal is near then stock tried to break the 65 EMA but it didn’t work it was a strong sign of bulls losing their steam taken a soupport at 20MA.See how stock taken a soupport at 65EMA. In late August stock was taken a resisitence of march Gapdown and also 50% retracement,see RSI & DMI showing at their high it was a sign reversal.See at late SEP stock was at 50 of its prior rally also made a Tweezer bottom see RSI at his low also crossed little bit Bollinger band. Now stock made a Hanging man tap at his Bollinger band,RSI & DMI showing Overbought.It was also near its strong Resisitence I WAS FORECSTING A BOUNCE BACK TO NEAR ITS NECKLINE!
NSE:BANKNIFTYShort
by ChartAnalyst365
Will this channel breakout or choose to stay in channel ?Hello! Friends, First of all I am thankful to you that you gave time to my thoughts by dropping the thoughts of millions of analsyst. I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advanced. -------------------------------------------------------------------------- "" DAILY CHART "" --------------------------------------------------------------------------- Intro : As per chart we can see Excess It shows rejection of a price level with footprint of the long term trader and his intentions. Will this channel breakout or choose to stay in channel ? Well, Be prepared for two situation : A)If it choose to stay on the channel :Each "Control Price" can perform as your target if you short seller.C1 is at 429-433 which is first target. I will update next target after reaching first. B) breakout : We will have a chance After the breakout. Which i will inform you as soon as possible including Entry , exit , stoploss etc. ~~chart info : An access:3 (blue) control price :3 C1-orange C2- Red C3-Black NO trading activity zone(Green) :3 wick: yellow box possiblity area : 2 (purple) -------------------------------------------------------------------------- "" 2 Hrs CHART "" --------------------------------------------------------------------------- --pattern is not fully reliable !!!!!!! Intro : As per intraday chart patterns are very complex. with major resistance seller was more Efficacy on buyers. support becomes resistance and prevants seller. at one Point starts a new initiative. we can see Breakout of Down trend but at this time we can find new powerfull resistance and support . Breakout : in place B you can see a breakout replacing the whole Downtrend into Uptrend range :339-466 (which is demonstrated by price range tool) Support becomes resistance : Let us now focus on the A line (which is demonstrated by Dotted black line). A line connects resistance x and support Y. from this line we can say that resistance has now support. gaps : gaps are representing are where Trading activity didn't not take place. wicks: it shows very strong price rejection which is demonstrated by yellow box.wick is telling us that buyers in control and rejected lower prices. Pattern : As you Look at the chart, your eye will catch the "Reversal Cup And Handle". but pattern is not fully reliable. or Will it make another expected pattern? Thank you so much .....
NSE:SUNPHARMA
by Trade-Technique
60
Is Nifty at Support? After making a new high, Nifty started with small sell-off which leads to 7% down from its high. Now, is really nifty at its support level or just an another signal towards the new low below 10k? If NIFTY is at the Support level then, it can reach to the target of 11546 as recovery before election result/after the election results . That would be debatable to comment on. The levels of 11070-11100 have the strong support levels if it breaks then expect further selling till 10780-10800 levels. Thus, a smart move is must required here. Om technical fronts lots of indicators are showing oversold conditions on 1 hour, 2 hour, 3 hours, 4 hours and on daily charts patterns. Though doesn't guarantee the up move but can be considered as an positive option for bulls. Be wise with trade. And have strict Stop-Loss in the system. VIX is at 27 level and if it crosses 31 levels then start expecting high volatility in the market with 200-400 points in Nifty as a normal move. Happy Trading
NSE:NIFTYLong
by UnknownUnicorn3503085
Pokarna :205 nearing a strong support level 194Pokarna :205 seems to be nearing a strong support level. But Indicators are still showing weakness, expect to find a support around 194 level, Is a good stock to have in one’s portfolio, to find a target 260 _320 and more in coming years. This looks like an H&S, but don’t worry, it doesn’t qualify an head & shoulder, as a Head and shoulders patterns appears on top of a bullish move, here such big move is not seen, the volume is not supporting, and the neck line is almost flat. Prices movement are the result of a continuous game of tug of war, whether a stock's price goes up or down is the direct result of how many people are on each side. Those who believe in up moves are called bulls, and those who believe downward journey are called bears. . If more people are bullish, then the price will go up as new investors buy in to take advantage of the opportunity and If more bears are in market, then its price will go down as they sell their shares to avoid losing money. Like all charting patterns, peaks & trough of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears. All that psychology is working well here. So if the stock is trading below the neckline for long time, avoid holding it. I believe 194 is an ideal stop.
NSE:POKARNALong
by padiyara
1
Neat & Clean Rectangle Pattern Breakout seen in Top Cement StockHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given Near and Clean Rectangle pattern breakout. Stock name is UltraTech Cement and it is engaged in the manufacturing and sale of Cement and Cement related product primarily across globe. Okay guy's let's learn something very important about this pattern: Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see Above in Ultratech chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride! Remember , when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. Market Leadership The company is the 3rd largest cement company in the world, excluding China. It is also the largest cement manufacturer in India with a 22% share of the grey cement capacity. Let's discuss some fundamentals - D/E is 0.17 - Interest Coverage ratio 10.73 is higher than last year's Interest Coverage Ratio 10.01 - D/E 0.17 has reduced as compared to last year's D/E 0.18 - ROCE is 15.42% - ROCE 15.42% has increased as compared to last year's ROCE 13.2% - ROE is 12.25% - ROE 15.42% has increased as compared to last year's ROE 13.2% - ROCE 15.42% is higher than 5 years ROCE average 14.02% - Operating Profit Margin (EBITDA Margin) is 18.29% - Operating Profit Margin (EBITDA Margin) 18.29% has improved as compared to last year's OPM 16.79% - NPM is 9.88% - Net Profit Margin (PAT Margin) 9.88% has improved as compared to last year's NPM 8.01% - Company has a negative Cash Conversion Days of -188.47 - Annual Sales has grown by 12.13% - Annual Profit has grown over by 38.33% - 3 Years Sales CAGR is 18.67% - Retail/Public have reduced their stakes by 0.32% in the latest quarter (14.4% to 14.08%) - Promoters + FIIs + DIIs hold 92.01% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:ULTRACEMCOLong
by TraderRahulPal
Bank Nifty possible moves for next 1 monthBank Nifty has been moving in a channel since Covid time, it has formed a rising wedge pattern where the upper band starts at Covid time swing high and lower band starts at Covid time low. I can not switch to monthly timeframe to show the rising wedge pattern on the chart else won't be able to show the possible moves within a month, but the sky blues lines are upper and lower lines of that rising wedge pattern. Here is the link of another post I made to show this wedge pattern on weekly chart:- As of now bank nifty is in between and it is most likely forming ABC correction wave shown in blue color wave. It has formed wave A already after making new LTH where it touched the upper line of pattern and now seems to be making the wave B to retrace back few points on upper side (wave drawn in green) and then it need to form wave C (wave in red color) which can possibly go till the lower line of the wedge pattern as drawn on the chart. As bank nifty has so far respected this wedge pattern lines beautifully since Covid time means 2020 i.e. 4+ years so it is highly likely that it will get support around 49300-49500 if it reaches there following the pattern drawn. This is also 0.618 fib retracement taking 04 June 2024 low (46077) and LTH of (54467). From there it can start a new up move if gets support. ** I have predicted a possible downside move in Nifty 50 as well and for that to happen bank nifty shall fall too, here is the link for that post:- ** This is not a trade advise, just applying chart patterns, wave theory together to predict the possible moves and please do your own analysis before taking any trade. ** If it breaks below 49000 level then Bank nifty will lead to much bigger corrections but for now I am not predicting that to happen. Thanks for taking a look and if you like or find the analysis relevant please like and share. Also comment to provide your inputs which probably I have missed. Thanks!
NSE:BANKNIFTY
by brainyAccount81243
Nifty seems forming H&S, Target upto 23200 if breaks below 24688I am reposting this analysis to support my previous post where nifty is possibly forming H&S pattern and can give breakout on downside, here is the link:- Now I have added Fib retracement taking 04th Low (23179) and recent LTH (26277), with 0.618 Fib retracement the downside target comes (23195) which is inline with H&S pattern breakout target. Also I have added waves to better visualize the moves. The wave in blue is the main correction wave which must form ABC pattern, and we have completed wave A and wave B (smaller wave in green) seems in formation which might go around ~25480 fib level. Then the wave C (wave 12345 in red) is the one which can give the expected fall. The confirmation will come when nifty will break the neckline and then will do a retracement towards it as shown by wave in 2 in red. I have created a post for bank nifty where it compliments the moves with Nifty 50 but bank nifty might not give that much fall if gets support around 49000-49500. That means nifty might also get support at 24000-24200 or else other sectors need to show more correction than banks. Here is the post for the same:- Thanks for taking a look and if you like or find the analysis relevant please like and share. Also comment to provide your inputs which probably I have missed. Thanks! ** This is not a trade advise, just applying chart patterns, wave theory together to predict the possible moves and please do your own analysis before taking any trade.
NSE:NIFTYShort
by brainyAccount81243
CROMPTION - STOCK ANALYSIS Crompton Greaves Consumer Electricals Ltd. (NSE: CROMPTON) on a monthly time frame Here's a breakdown of the key observations: 1. Price Action The chart shows a large price swing, with the stock previously declining by 48.9% (from around ₹495 to ₹252). After the correction, the stock has rebounded, and it is currently trading at ₹432.05. 2. Projection The next upward target range seems to be set at ₹650-700, which suggests a potential 49.73% increase in price from its current level. 3. Key Zones Support Zone: Around ₹250, as seen from the previous drop. Resistance Zone: Around ₹750, which is the potential target for the stock based on this technical setup. 4. Volume There is Cumulative Volume Delta (CVD) data at the bottom of the chart, showing volume activity during the upward movement. The CVD suggests buying pressure is slightly above the selling pressure, which can support the upward trend. 5. Conclusion The stock has gone through a significant retracement and seems to be on a recovery path with the potential for further gains. The chart suggests a bullish outlook in the medium to long term, with an expected target around ₹700. This analysis appears to be based on technical chart patterns, which can be used for swing or long-term trading strategies.
NSE:CROMPTONLong
by shivtoshiva2022
12 Sep 2024 Bank Nifty Predictions1. What was Today's Scenario? The market moved down today. This is evident from the 5-minute chart showing a consistent downward trend throughout the trading session. 2. What level of support and resistance exists on Next Trading Day? Based on the daily chart: • Support Level: Around 50,800 (previous low) • Resistance Level: Around 51,400 (previous high) 3. What is the Next Trading Day Scenario? Based on the current chart patterns and today's downward movement, the next trading day scenario could be: Time Market| Condition Opening | Slight Gap Down Morning | Bearish Midday | Range Bound Afternoon | Slight Recovery 4. Strategy or STRIKEs for Next Trading Day As an option buyer , the following strategy could be effective: • Morning Session: Buy 51000 PE if the market opens with a slight gap down and shows bearish signs. • Afternoon Session: Consider buying 51000 CE if there is a slight recovery. Additional Analysis • Volatility: Expect higher volatility in the morning session. • Stop Loss: Set a strict stop loss to manage risk, especially in a volatile market. By following these specific strategies and levels, you can make more informed decisions for the next trading day. Disclaimer : Do Follow you Risk and Money management, We are not providing any TIP or IDEAS, Just Sharing My views.
NSE:BANKNIFTY
by JayeshBoradia
4
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
HBL POWER Systems - Looks Good!A Symmetrical Continuation Triangle Pattern Identification on Daily Chart A Symmetrical Continuation Triangle is a technical analysis pattern observed in financial markets, particularly in charts representing price movements of such stocks, currencies, or commodities. It's considered a continuation pattern, meaning it suggests that the current trend is likely to continue after a period of consolidation or sideways movement. Breakout: The breakout from the triangle occurs when the price breaches one of the trendlines, usually accompanied by increased volume. This breakout can occur before the apex of the triangle, but it's often observed shortly after the apex. Continuation: The breakout is interpreted as a continuation of the previous trend. Traders often use various technical indicators or additional chart patterns to confirm the breakout and determine the potential direction of the continuation. However, it's important to note that no pattern or indicator is foolproof, and traders should always consider other factors such as fundamental analysis and risk management strategies in their decision-making process. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:HBLENGINE
by hardeepssethi
Large Rectangle Breakout Seen in BPCL Ltd.Hello Everyone, i hope you all will be doing good. I have found a Good Trade which just have retested the levels after giving successful breakout on chart, And today i am gonna to teach you about this pattern so if you see this pattern next time, you all will be able to trade accordingly. Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see above in BPCL chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but guy's We just have to wait until one of these levels breaks and go along for the ride! Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. ABOUT:- Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products. Market Cap ₹ 1,30,112 Cr. Current Price ₹ 600 High / Low ₹ 688 / 331 Stock P/E 4.81 Book Value ₹ 349 Dividend Yield 3.50 % ROCE 32.1 % ROE 41.9 % Face Value ₹ 10.0 Industry PE 7.78 Debt ₹ 54,599 Cr. EPS ₹ 124 Promoter holding 53.0 % Intrinsic Value ₹ 837 Pledged percentage 0.00 % EVEBITDA 3.77 Change in Prom Hold 0.00 % Profit Var 5Yrs 28.2 % Sales growth 5Years 8.48 % Return over 5years 9.16 % Debt to equity 0.72 Net profit ₹ 26,859 Cr. ROE 5Yr 23.0 % Profit growth 709 % Important levels for BPCL Ltd. Buy in between 605-585 ( Accumulate more if get lower levels till 550-530) Targets we can see 808/1008/1290++ Keep Stop loss at 471 Price is above 200 EMA We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe. with Good Volume Price is sustaining above breakout trendline and it has given pull back to retest the levels MACD and RSI has given bullish crossover (I have not placed RSI here as i want to keep chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BPCLLong
by TraderRahulPal