Analyze the NIFTY50 on the daily chart as of February 20, 2024The Nifty 50 is currently trading at 22,196.95, up 0.34% from the opening price.
The intraday high was 22,215.60, and the low was 22,045.85.
Technical Analysis:
Overall Trend: The medium-term trend is upward. The index recently broke a resistance level, indicating a positive signal for the short term.
Moving Averages: All major moving averages (5, 10, 20, 50, 100, 200) are bullish, suggesting an upward trend.
Technical Indicators: Some technical indicators like RSI and MACD are showing signs of overbought territory, while others remain neutral. This suggests the potential for a pullback but not necessarily a reversal.
Support and Resistance: The nearest support level is around 20,000, while there is no immediate resistance in sight.
Fundamental Analysis:
Indian economy: The Indian economy is expected to grow at a healthy pace in FY24, which could support the stock market.
Global cues: Global market sentiment and oil prices will continue to influence the Nifty 50.
Corporate earnings: The upcoming corporate earnings season could provide further direction to the market.
Overall:
The Nifty 50 is currently in a good position, but there are some potential risks to consider. Investors should do their own research and due diligence before making any investment decisions.
Disclaimer: I am not a financial advisor and this is not financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Search in ideas for "INDICATORS"
Sonata Software - Ascending Triangle in Daily Time FrameSonata Software Limited (CMP 842) has been making waves in the stock market lately, drawing attention from investors seeking opportunities in the IT sector. Today, we delve into the technical analysis of Sonata Software, focusing on its daily timeframe chart to identify potential trends and opportunities.
Bullish Momentum:
The daily timeframe chart reveals a strong green candle, indicating bullish momentum in Sonata Software's price action. This bullish sentiment is further supported by the MACD crossover, a commonly used indicator signaling a potential upward movement in the stock's price.
Pattern Recognition:
An ascending triangle pattern has formed on the chart, characterized by a series of higher lows and a horizontal resistance level. This pattern suggests a period of consolidation followed by a potential breakout to the upside. Traders often anticipate bullish momentum upon the breakout of such patterns.
Confirmation Indicators:
The Relative Strength Index (RSI) is above 60, indicating strong momentum in Sonata Software's price movement. RSI readings above this threshold are typically interpreted as bullish signals, suggesting further upside potential.
Trend Strength:
However, it's essential to consider other factors influencing the stock's trajectory. The Average Directional Index (ADX) is at 13, signaling a weak trend. While bullish indicators are present, the overall trend strength appears to be moderate, requiring cautious interpretation.
PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧
Company Overview: 🏗
PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations.
Market Performance: 📉➡️📈
After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest.
Technical Indicators: 🛠
Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal.
Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround.
EMA & MACD: Entered positive territory, indicating bullish momentum.
Parabolic SAR: Emitting a buy signal.
MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33.
RSI: At 75.87, above the upper band and showing bullish momentum.
%R: Trending upward, indicating strength.
Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days.
Entry Levels: 🎯
Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10.
Conservative Investors: Consider entering at 776.00.
Target and Stop Loss Levels: 🎯
Target 1: 784.05. 🎯
Target 2: 901.35. 🎯
Target 3: 817.50. 🎯
Stop Loss: 756.15.
Market Outlook: 🌤
PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable.
Caution: ⚠️
Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential.
Disclaimer: ⚠️
This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly.
#PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
BSE: TREND REVERSAL TO BULLISH DIRECTION TO STRENGTHEN📊 Bombay Stock Exchange (BSE) - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 2,493.45 📈
Gain: 7.31% ✅
Fibonacci Level: Above 0.786 🌀
Recent Trend:
Reversed Downward Trend ↗️
Above 50-day Moving Average 📈
Increasing Volume 📶
Technical Indicators:
MACD: Crossover on 31/01/2024 🔄
Static RSI: Bullish Crossover on 29/01/2024 🐂
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Buy Crossover, Middle Segment 🛒📊
Trading Strategy:
Entry Point: 2,512.35 🚪
Target 1: 2,595.75 (Key Fibonacci Level) 🎯
Stop Loss: 2,287.80 🔴
Conclusion:
Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
BULLISH trend on the charts Favorable Market Conditions:
1. A generally positive economic environment and market conditions can lead to a bullish trend across various stocks. Bull markets are characterized by optimism, rising investor confidence, and increased buying activity.
2. Market Sentiment:
Positive sentiment among investors can drive buying activity, pushing the stock price higher. Factors such as positive economic indicators, low interest rates, and overall market optimism can contribute to bullish trends.
3. Technical Analysis Indicators:
A good price and volumes spurt is seen at the present levels. Also the stock has broken above the key zone of resistance and can generate higher levels. So i feel a good momentum will be seen in the stock at the present levels.
Indus Towers Stock Analysis: Pullback at Support - Buy Indus tower recently made a bold move, breaching its long-standing resistance at ₹206 with strong volume. This breakout signaled potential bullish momentum, exciting traders and investors alike. However, the excitement seems to have cooled down as the stock is now retracing towards its support level, leaving many wondering: is this a temporary dip or a sign of a failing breakout.
Breaking Down the Action:
Breakout: The surge above ₹206, supported by significant volume, indicated buying pressure and potentially, the start of an upward trend.
Pullback: The current retracement towards the support level a 206 is a natural phenomenon after a strong move. It allows the price to consolidate and find equilibrium before potentially continuing its upward climb.
This pullback presents a potential entry point for long positions if the support level holds. A break below the support would invalidate the breakout and suggest a further decline.
Here's What to Watch:
Volume: High volume on a break above the support level would confirm bullish continuation. Conversely, low volume might indicate weak buying pressure and a potential false breakout.
Indicators: Technical indicators like RSI and MACD can provide additional insights into momentum and potential trend reversals.
Fundamentals: Don't forget to consider the company's fundamental health and future prospects alongside technical analysis for a more holistic view.
Remember:
Trading and investing involve inherent risks. This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and due diligence before making any investment decisions.
Continuation Wedge - Bullish PatternA continuation wedge , is a technical analysis pattern found in daily chart of MTARTECH.
Let's delve a bit deeper into the components and dynamics of this pattern.
Bullish Continuation Wedge:
Shape and Structure:
Trendlines: A bullish continuation wedge consists of two converging trendlines that slope downward against the prevailing uptrend. These trendlines create a narrowing price range, forming a wedge shape.
Market Psychology:
Temporary Interruption: The wedge pattern represents a temporary pause or interruption in the ongoing uptrend. It suggests a consolidation phase where both bulls and bears are active, and the market is undecided about the future direction.
Battle between Bulls and Bears: During the formation of the wedge, bears attempt to gain control and reverse the trend. This can lead to some price retracement or sideways movement as selling pressure increases.
Resolution and Outcome:
Breakout to the Upside: The key moment occurs when prices break above the upper trendline of the wedge. This breakout signals that the bulls have ultimately triumphed over the bears, and the prior uptrend is likely to continue.
Volume Confirmation: Ideally, the breakout should be accompanied by a noticeable increase in trading volume. This helps validate the strength of the bullish move.
Trading Strategy:
Entry: Traders may consider entering a long (buy) position when the price breaks above the upper trendline of the wedge.
Stop-Loss: A stop-loss order can be placed below the lower trendline of the wedge to manage risk.
Target: The length of the wedge pattern can be used to estimate a target for the bullish move. This is measured from the beginning of the wedge to the point of breakout.
Cautionary Notes:
False Breakouts: While the pattern is reliable, false breakouts can occur. Therefore, it's essential to wait for confirmation, especially through increased volume.
Confirmation with Other Indicators: Traders often use additional technical indicators or chart patterns to confirm the potential success of the breakout.
In summary, a Bullish Continuation Wedge is a pattern that indicates a temporary pause in an uptrend, with the ultimate resolution being a resumption of the upward movement. Trading decisions based on this pattern should be supported by additional analysis and risk management techniques.
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
CG Power: Range breakout on back of expected good QTR NumbersNSE:CGPOWER - Technical Analysis Update 🚀📊
Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM)
Key Indicators:
Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢
Moving Averages: Recent bullish crossover in EMA and MA
MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82
Stochastic RSI: Recovery from oversold, K at 61.25, D at 33.09
%R: -31.76, still below upper band
Fisher Transform: Positive crossover at 0.08 (Fisher), -0.37 (Trigger)
Market Outlook:
Positive momentum observed, with a break in the short-term price range.
Bullish signals from moving average and MACD crossovers.
Trading Targets:
First Target: ₹488.50 🎯
Second Target: ₹503.55 🎯
Caution:
STOP LOSS: exit around ₹461.55 - ₹461.80 (0.382 Fibonacci level).
Monitor closely for sustaining the upside movement. ⛔
Conclusion:
CG Power shows strong potential for growth, with key indicators pointing towards a bullish trend. Ideal for investors looking at short to mid-term gains. Stay vigilant and trade smartly! 🌟⚡
Disclaimer:
Informational Purpose: This analysis is for informational purposes and does not constitute financial advice.
No Guarantee: The accuracy or completeness of the information is not guaranteed.
Investment Risks: Stock market investments are subject to market risks, including the loss of principal.
Independent Research: Investors should conduct their own research and consult a financial advisor before making investment decisions.
No Responsibility: The author is not liable for any losses or damages arising from the use of this analysis.
Regulatory Compliance: This analysis is not a guarantee against regulatory risks.
Hashtags:
#CGPower #StockMarketIndia #TechnicalAnalysis#InvestingTips #NSEIndia #TradingView #StocksToWatch #MarketInsights #Finance #TradingSignals #WealthManagement #InvestmentStrategy #BullishTrends #FinancialPlanning
USD/CAD Big Belt on Buy PatternThe USD/CAD chart is exhibiting a compelling technical pattern known as the "big belt on buy." This pattern is characterized by a prominent and sustained bullish trend, resembling a significant upward belt on the price chart.
Key Features:
Strong Bullish Momentum: The chart displays a robust and sustained upward movement, indicating a prevailing bullish sentiment in the market.
Consistent Buying Pressure: Buyers have been consistently dominating the market, leading to a series of higher highs and higher lows.
Clear Breakout: The pattern may be accompanied by a clear breakout from a key resistance level, signaling a potential acceleration in the upward momentum.
Volume Confirmation: Analyzing trading volumes can provide additional confirmation. An increase in trading volume during the bullish phases reinforces the strength of the pattern.
Supportive Indicators: Complementing the chart analysis with relevant technical indicators, such as moving averages or RSI, can offer further insights into the sustainability of the bullish trend.
Trading Strategy:
Traders may consider initiating long positions or reinforcing existing ones, aligning with the prevailing uptrend. Setting stop-loss orders and identifying potential profit-taking levels are crucial elements in managing risk and maximizing potential gains.
Axis Bank: Uptrend continues, swing traders can buy
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended.
Sure, here is a fine-tuned version of your Axis Bank trading idea:
Axis Bank: Uptrend continues, swing traders can buy
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended.
Technical indicators:
RSI: Bullish on the daily chart
MACD: Bullish crossover on the daily chart
Key support and resistance levels:
Support: 1013.50, 999.50, 988
Resistance: 1033, 1047, 1061
Trading strategy:
Buy above 1013.50
Target: 1033
Stop loss: 988
Please note that this is just a trading idea and not a financial recommendation.
I have made the following changes:
I have added a more specific target price, based on the recent swing high.
I have added a stop loss below the recent swing low, to limit risk.
I have added technical indicators to support the trade idea.
I have clarified the trading strategy.
I have added a disclaimer at the end.
I hope this is helpful!
Wipro building the buy momentum📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈
💡 Rationale for Selection:
📊 Technical Analysis:
Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈
Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄
MACD: Expected bottom-up crossover; MACD line (1.3) expected to cross Signal line (2.32) confirming a bullish bias. 📈
Stochastics & RSI: K=23.18, D=9.03, showing the stock has reached oversold territory and is in a position to bounce back. 📈
Percentage R and Fisher 9: Indicate an uptrend is likely in the next 1-2 trading sessions. 📈
📰 Market Indicators:
A surge in IT stocks recently. 📈
Mutual funds are showing increasing interest in IT stocks, expecting a boom. 🤝
🎯 Trade Parameters:
🟢 Entry Price: ₹416.25 (0.382 Fibonacci Levels)
🎯 Target Price: ₹422.20
🔴 Stop Loss: ₹41.75
#WiproLimited #StockPick #TechnicalAnalysis #Fibonacci #MACD #Stochastics #RSI #MutualFunds #ITBoom #WeeklyStockPicks #InvestWisely
📋 Disclaimers and Disclosures:
Risk: Investing in stocks is subject to market risk. Please consult your financial advisor before making any investment decisions. The information provided is only for the education purpose and should not be considered as an investment advice or as stock recommendation. You are requested to take due diligence on your own accord and consult financial advisor, research analyst or a broker before acting on any information on it. We do not confirm any validity or correctness of the information and might change our viewpoint on the stock anytime, as per our discretion and research.
Disclosure: This analysis is purely based on technical indicators and market trends as of 1st September 2023. Past performance is not indicative of future results.
Conflicts of Interest: We may or may not have any vested interest in Wipro Limited as of the date of this report.
NATCAPSUQ's Trading Chart In this analysis, we will explore the chart of NATCAPSUQ, focusing on the support levels, key technical indicators, and fundamental aspects that may impact the stock's future price action. By examining these factors, we aim to provide insights into the stock's current situation and potential trading opportunities. Let's proceed with the analysis.
Chart Analysis:
Upon reviewing the provided TradingView chart for NATCAPSUQ, we can identify several key technical factors and fundamental data that may influence the stock's future price action.
Support at Rising Trendline and Horizontal Support:
The chart indicates that NATCAPSUQ has taken support at a rising trendline, which suggests that the stock's price has previously rebounded from this level, indicating potential buying interest in the stock. Additionally, there seems to be an almost horizontal support level, further reinforcing the potential for a rebound.
Technical Indicators:
The RSI (Relative Strength Index) indicator is in oversold territory. An oversold RSI typically suggests that the stock may be undervalued and due for a potential rebound. Moreover, the MACD (Moving Average Convergence Divergence) indicator is crossing to the upside, which is considered a bullish signal, indicating potential upward momentum in the stock's price.
Downtrend Since 2023:
It's important to note that the price of NATCAPSUQ has been in a downtrend since the beginning of 2023. This downtrend indicates a prevailing bearish sentiment in the stock.
Fundamental Considerations:
NATCAPSUQ is facing some challenges, including rising costs and competition, which could impact its financial performance. Moreover, the company has a history of issuing dilutive share offerings, which may raise concerns among investors about potential dilution of their ownership stakes.
Buy Setup and Target:
Based on the analysis, a potential buying opportunity arises with an SL (Stop Loss) set at 335, which helps limit potential losses if the anticipated rebound does not materialize. In terms of the target, a target of 456 can be considered. However, traders should closely monitor the price action and adjust their profit-taking strategy based on individual risk tolerance and trading plan.
Conclusion:
Based on the technical analysis, NATCAPSUQ's chart indicates support at a rising trendline and a potential horizontal support level, with oversold conditions in the RSI and a bullish crossover in the MACD. However, it is essential to consider the prevailing downtrend in the stock's price and the fundamental challenges the company is facing, including rising costs and competition, as well as a history of dilutive share offerings.
Traders and investors should carefully assess their risk tolerance and consider implementing appropriate risk management strategies. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
EUR/USD Wave Analysis:LONG
📈🌍 Uncover the intricacies of EUR/USD price action through an insightful wave analysis. We dissect the evolving wave patterns to reveal the potential opportunities that lie ahead. Join us as we delve into the afterwaves of 12345 and prepare for the upcoming correction wave, setting the stage for a profitable journey through Wave ABC!
🔍 Key Points:
Deconstructing Wave Sequence: Embark on a journey through the recent EUR/USD price movements, meticulously breaking down the quintessential five-wave pattern (12345). Gain a comprehensive understanding of each wave's characteristics and its contribution to the overall market trend.
Approaching the Correction Wave: Unveil the significance of corrective waves within the realm of forex trading. We examine the various scenarios and projections for the impending Wave ABC, shedding light on potential price levels, patterns, and timing.
Profitable Potential: Learn to harness the power of correction waves for profitable trading. We lay out strategies that empower traders to identify optimal entry and exit points, enabling them to capitalize on the market's risk-reward dynamics.
Capturing Wave BC: Dive into the heart of Wave BC, the second phase of the corrective pattern. Understand the external factors influencing its formation and acquire the insights needed to align your trading strategy for potential gains.
Risk Management Mastery: Master the art of risk management during correction waves. Explore effective techniques to safeguard your trading capital while maximizing profit potential, ensuring a balanced approach to your trading endeavors.
Leveraging Technical Indicators: Discover an arsenal of technical indicators and tools that bolster your EUR/USD analysis. Utilize these tools to validate your insights and fine-tune trading decisions during this pivotal phase.
Real-life Case Studies: Immerse yourself in historical instances of correction waves within the EUR/USD pair. Draw parallels between past patterns and outcomes to enhance your decision-making prowess.
📊💰 As EUR/USD takes center stage, equip yourself with the knowledge and strategies required to navigate these exciting waves of opportunity. Embark on a journey of profit potential during the correction wave – Wave ABC has the potential to unlock lucrative trades. Stay informed, trade with confidence, and make well-informed decisions with our comprehensive analysis!
(Note: Trading carries inherent risks, and historical performance does not guarantee future results. This analysis is for educational purposes and should not replace professional financial advice. Always conduct thorough research and consider seeking guidance from financial experts before executing trading decisions.)
MOVING AVERAGE WITH SUPPORT
Intraday Trading Strategy - Moving Average Crossover:
This strategy is based on moving average crossovers, which can help identify potential entry and exit points in intraday trades.
1. Choose the time frame: Select a suitable time frame for intraday trading, such as 5-minute, 15-minute, or 1-hour candles.
2. Select moving averages: Use two moving averages - one short-term (e.g., 50-period) and one long-term (e.g., 200-period). The short-term moving average is more sensitive to price movements, while the long-term moving average helps filter out some noise.
3. Entry signals:
- Buy Signal: When the short-term moving average crosses above the long-term moving average.
- Sell Signal: When the short-term moving average crosses below the long-term moving average.
4. Confirmation indicators: To increase the reliability of signals, consider using additional indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to confirm overbought or oversold conditions.
5. Risk management: Determine your risk tolerance and set stop-loss and take-profit levels to manage potential losses and secure profits.
6. Backtesting: Use historical price data to backtest the strategy over a significant period to assess its performance under various market condition
Remember that successful trading involves continuous learning, adapting to changing market conditions, and maintaining emotional discipline. Always use risk management techniques to protect your capital, and never invest more than you can afford to lose. Additionally, consider consulting with a financial advisor or professional trader before implementing any trading strategy.
Keep in mind that past performance is not indicative of future results, and the stock market can be volatile, so be cautious and exercise prudence while trading.
KOLTEPATIL Stock Analysis: Is it a Buy?Kolte Patil Developers (KOLTEPATIL) is a leading real estate company in India. The stock is currently trading above its 50-day moving average and 200-day moving average, which is a bullish signal. The relative strength index (RSI) is also in the overbought territory, which suggests that the stock may be due for a correction.
Technical indicators:
Moving averages: The stock is currently trading above its 50-day moving average (MA) and 200-day MA, which is a bullish signal. The MAs are sloping upwards, which suggests that the trend is bullish.
RSI: The RSI is currently at 70, which is in the overbought territory. This suggests that the stock may be due for a correction. However, the RSI has been in the overbought territory before and the stock has continued to rise.
Bollinger Bands: The Bollinger Bands are currently expanding, which suggests that volatility is increasing. This could be a sign that the stock is preparing for a breakout.
Trading strategy:
Investors who are bullish on KOLTEPATIL could consider buying the stock on a dip to the support level of 382.93. Investors who are bearish on KOLTEPATIL could consider selling the stock on a rally to the resistance level of 425.25.
Technical learning:
The moving averages are a simple but effective technical indicator that can be used to identify trends and support and resistance levels. The RSI is a momentum indicator that can be used to measure the speed and strength of a trend. The Bollinger Bands are a volatility indicator that can be used to identify periods of high and low volatility.
bullish stock
upside potential
support and resistance levels
technical indicators
trading strategy
KOLTEPATIL, stock analysis, technical analysis, trading view, real estate, India
NIFTY FOR UPCOMING FOR AUG EXPIRY.Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to high volatility and uncertainty in market it is important for us to provide you both side level. Which is helps you if market turned opposite.
WHERE CAPITAL INVOLVES CHART SHOULD BE MORE ACCURATE, RELIABLE AND EASY TO USE.
FOR OUR ACCURACY CHECK WAIT TILL EXPIRY OR GO THROUGH REST UPLOADED CHART.
135 out of 137 weekly chart is accurate.
Request if chart helps you then hit like button, your one milliseconds effort makes us HAPPY.
LEVEL FOR WEEK.
RESISTANCE*:-
⬆️ 17770.
⬆️ 18002.
⬆️ 18178.
SUPPORTS*:-
⬇️17695
⬇️17521
⬇️17236
(* there is chance to level mismatch by 0.01% of NIFTY)
KEY WEAKNESS.
1. Sentiment negative.
2. World market closed negative.
3. Weekly monthly expiry.
4. SGX nifty closed negative.
5. China Taiwan conflict.
KEY STRENGTH.
1. Crypto currency’s positive.
2. Falling crude oil prices.
3. Weekly monthly PCR.
4. Gold prices.
5. Falling bonds.
CHART PATTERN AND INDICATORS:
1. Clear bearish BAT patterns seen.
2. Bearish hammer candle seen on SGX nifty weekly time frame.
3. All indicators turned negative.
4. In our view nifty will correct to 3-5% within 2 week.
HOW TO TRADE WITH CHART.
1. Let close 2, 15 minutes candle above or below level mentioned on chart.
2. Good to go for next level.
3. Some time profit will be less but it will be profitable.
NOTE:-
1. We aren’t SEBI Registered but our chart accuracy can be trusted.
2. If you agreed with this please contact your financial advisor or SEBI REGISTERED advisor b4 any position.
3. Hit like if chart helps you and share to other to save their hard earned money.
4. Don’t take stress try to make your self happy it can helps you to live long.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 04 JUL TO 08 JUL 2022Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to the high volatility and uncertainty in the market. It’s important to us to provide you both side level.
Which is helps you if market turned opposite.
OUR SWING TRADE ALWAYS GIVING HIGH PROFIT.
LEVELS FOR WEEK.
RESISTANCE*:-
⬆️15780
⬆️15952
⬆️16223
⬆️16426
SUPPORT*:-
⬇️15680
⬇️15577
⬇️15423
⬇️15267
(* there is chance to level mismatch 0.01% of index)
KEY STRENGTH:-
1. World market closed positive.
2. Crypto currency’s too.
3. All heavy weight stock positive.
4. PCR value.
5. Buy on deep extremely activated.
6. Normal situation after covid.
KEY WEAKNESS:-
1. Rising inflation in world market.
2. Rising crude oil prices.
3. Rising omicron.
4. Reliance negative.
5. World market consolidation is on.
6. War still on.
HOW TO TRADE WITH CHART.
1. Let break out any side level.
2. Wait for closing 2, 15 minutes candle above or below.
3. Good to go for next level.
CHART PATTERN AND INDICATORS:-
1. 76+ advance indicators are positive.
2. Trend break out seen.
3. Head & shoulders pattern seen 4 hr n below TF.
4. Falling wedge pattern also seen but it’s too weak.
SMART PICK FOR WEEK.
Please follow for unique hedging ideas and swing trade.
NOTE:-
1. We are not SEBI registered but our rising ACCURACY is imperative.
2. We are here to provide you accurate levels and correct direction.
3. If you agreed with chart please contact your financial advisor.
4. For our accuracy check there is 250+ chart you can go through or match level after week of this chart.
5. FOR ANY KIND OF SUPPORT YOU CAN PING ME. WE ARE HAPPY TO HELP YOU WITH FINANCIAL ADVISE.
6. WE ARE ONLY AVAILABLE ONCE IN WEEK SO PLEASE PM OR COMMENT IF YOU HAVE ANY QUESTION.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 9 MAY TO 13 MAY 2022.Hello everyone this chart technically measured and filtered by team INFINITYX.
POSITIVE:-
1. GOOD GST COLLECTION.
2. RBI REPO RATE 4 to 4.4.
3. Chances to control inflation.
4. LIC IPO.
5. Buy on deep seems to activated.
NEGATIVES:-
1. World market closed negative.
2. Crypto currency’s too.
3. US BONDS raised 12% with in 3 days.
4. FRED should also preparing for rise repo rate.
5. Rising crude oil prices.
6. Rising bond yields too.
CHART PATTERN AND INDICATORS:-
1. Nifty at around strong support.
2. Consolidation zone over.
3. All indicators turned negative on 4 hr and above time.
4. As per our study nifty should turn positive and further positive.
LEVELS FOR WEEK:-
Strong Resistance:-
⬆️16504 ⬆️16965 ⬆️17419.
Strong Supports:-
⬇️16314 ⬇️16046 ⬇️ 15830.
SMART PICK ACCURACY CHECK:-
1. SUNPHARMA SL HIT.
2. PVR SL HIT.
3. GNFC TOWARDS TARGET.
4. ASIANPAINT TOWARDS TARGET.
SMART PICK FOR WEEK:-
Go long with.
1. HEROMOTO LTP 2563 TARGET 2907 SL 2421
2. M&M, LTP 893 TARGET 909 SL 862.
Go short.
1. GNFC TARGET AS PREVIOUS.
2. Infy, LTP 1542 target 1300 SL 1610.
Note:-
1. We are trying hard to provide you accurate chart and we are achieving 86% accuracy.
2. If you want to check accuracy go through 250+ charts.
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GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 18 APR TO 22 APR 2022Hello everyone this chart technically measured and filtered by team INFINITYIV.
LEVELS FOR WEEK:-
STRONG RESISTANCE:-
⬆️ 17545 ⬆️17686 ⬆️ 18096
STRONG SUPPORT:-
⬇️ 17417 ⬇️ 17131 ⬇️ 16780
POSITIVE FACTOR FOR WEEK:-
1. Week PCR
2. FII Buying.
3. Buy on deep.
4. Reliance bullish.
5. HDFC is in over sold zone.
NEGATIVE FACTORS FOR WEEK:-
1. All indices turned negative.
2. NIFTY not consolidated as expected.
3. neighboring country unstable.
4. Rising inflation.
5. Depending on trading increases.
CHART PATTERN AND INDICATORS:-
1. Nifty rejected on weekly time frame.
2. Falling wedge pattern seen.
3. All indicators turned negative on day and lower time frame.
HOW TO TRADE WITH CHART:-
Let break any side level and wait for closing of on 30 minutes candle, go for next level marked on chart.
SMART PICK FOR WEEK.
Buyers.
1. SUNPHARMA
2. PVR.
Sellers
1. Dr REDDY.
NOTE:-
1. We don’t have any positions on above mentioned stock.
2. Trading involves risk, trade as per your own risk or contact financial advisor.
3. Hit like if chart helps you, it encourages us.
4. FOR ACCURACY YOU CAN CHECK REST OUR UPLOADED CHARTS
Greetings:-
INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
NIFTY FOR UPCOMING WEEK 21 MAR TO 25 MAR 22.Hello everyone this chart technically measured and filtered by team INFINITYIV.
In our view nifty over bullish new ATH will be within 45 days.
LEVELS FOR WEEK.
RESISTANCE:-
⬆️ 17350 ⬆️ 17758 ⬆️ 18127
SUPPORTS:-
⬇️ 17225 ⬇️ 16950 ⬇️ 16593
POSITIVE:-
1. Almost all indices turned positive.
2. Weekly PCR .99 Monthly PCR 1.10.
3. All large cap stock bullish.
4. Good GST collection expected.
5. RUSSIA may supply crude on low rate.
6. Chances to reduce price of FOL.
7. Buy on deep still on.
NEGATIVE:-
1. War still on.
2. New COVID in china.
3. FED repo rate.
CHART PATTERN & INDICATORS:-
1. Resistance line converted to support on daily time frame
2. MACD bullish cross on day and week time frame.
3. 19 out of 21 other indicators are bullish on daily weekly time frame.
4. Inverted head and shoulders pattern seen on 4 hours times frame.
HOW TO TRADE WITH CHART:-
1. Simple let Close two 15 minutes candle over or below the level mentioned on chart.
2. You will easily achieve next level.
NOTE:-
1. Give appropriate like.
2. This chart will sure help you.
3. SEBI REGISTRATION IS IN PROGRESS.
4. Trading involves risk, trade as per your own risk.
GREETINGS:-
INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
NIFTY FOR UPCOMING WEEK 07 MAR TO 11 MAR 2022Hello everyone this chart technically measured and filtered by team INFINITYIV.
LEVELS FOR WEEK:
RESISTANCE.➡️16286 ➡️16511 ➡️ 16724
SUPPORT. ➡️16140 ➡️ 15736 ➡️15384
POSITIVE:-
1. PCR
2. Neutral COVID.
3. Ppl seems buy on deep.
NEGATIVE:-
1. War still on.
2. High chance of inflation.
3. Crude oil prices hikes.
4. Crypto currency’s.
5. Gold price hikes.
6. Polling results turn positive if BJP win & still negative.
CHART PATTERN & INDICATORS:-
Triangle pattern seen on day chart.
All indicators negative.
HOW TO TRADE WITH CHART.
Let break any side level mentioned on chart. 2, 15 minutes candle close above or below. Next target will sure achieve.
NOTE:-
1. Give appropriate like.
2. Chart will sure help you.
3. Trading n investment is subject to market risk.
4. Trade as per your own risk.
5. This is only our views.
6. In our view NIFTY BEARISH this week short with full capacity.
GREETINGS:-
INFINITYIV wishes you happy trading n have profitable week.
NIFTY FOR FEB 2022 EXPIRY hello everyone this chart technically measured and filtered by team INFINITYIV.
POSITIVES:-
1. Week PCR.
2. No change in repo rate by RBI.
3. Positive GST COLLECTION, PROJECTED.
NEGATIVE:-
1. Russia Ukraine situation.
2. Fed hikes rate.
3. Deltacorn case in US.
4. Expiry.
LEVELS.
⬆️ Resistance. 17326 > 17455 > 17603
⬇️Support. 17229 > 16998 > 17627
CHART PATTERN & INDICATORS:-
1. Clear head & shoulder pattern seen on weekly time frame.
2. All indicators negative to 4hr and above time frame.
HOW TO TRADE WITH CHART:-
Simple, wait to Break any side level let close 2.15 min candle below level now go for next level.
You can paper trade on chart.
NOTE:-
1. Your one like boost us to work hard.
2. Around one day we are working for the chart to give you high accuracy.
3. For any clarification please text us.
GREETINGS:-
INFINITYIV wishes you happy trading and have profitable week.
LONG CDSLCDSL stock has been following a ascending channel pattern in daily and weekly timeframe and is near make/break level If the stock sustains above 1465 then buy for LONG positions as and when we get a confirmation candle.
Supporting Indicators:
The Stochastic RSI gave a crossover arounf 1407 levels and this leading indicators move was confirmed by two consecutive days spike in Volumes of the stock and also by MACD crossover.
Look for buying opportunity once it breaks above the channel levels.