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ITC - All Time High BreakoutSo this chart of itc is in the weekly time frame, as you can see that, it has given a breakout of a trendline with a great volume of buyers. And after a breakout, there were two green candles consecutive, with this it has broken its all-time high. After the breakout of all time high, there was an opposite candle and then we got an inside bar so we got two entry triggers and we can see more of a good rally after the breakout of the red candle's high. So our entry price will be 390 level and our stop loss will be low of the red candle and target you can expect big. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:ITCLong
by Garvit_Narang
Mahindra & Mahindra - breakout in weekly timeframe As you can see here Mahindra and Mahindra chart, what does this chart show? This chart shows us that it has given a breakout of a beautiful pattern or of a range of 175 days. As you can see this stock first breaks the all-time high of 978 and then move as fast as a rocket and for the last 175 days it has been in a tight range and making a beautiful pattern i.e flag and pole pattern. Last week this stock has given a breakout of an all-time high and of range and this week it has been consolidating making an inside bar or you can say opposite color candle. so if this stock breaks the high of the red candle i.e level of 1392 you can enter a trade and the target will be big, as big as the size of a pole, and our stop loss will be below the green color candle or the level of 1300. I'm not sebi registered so this is only for educational purpose, do your analysis first.
NSE:M&MLong
by Garvit_Narang
INDEX WEEKLY UPDATE GLOBAL MARKET UPDATE -us mkt rallied big time due to noise of 25 bps rate hike only from feb -fed voting members chance in tone -us bond yield and dollar index indicating the pivot is near -nasdaq outperformed rest of the indicies -china open play still active -its clear fpi investment in chineese stocks have increased -7 day holiday in china due to festive season INDIAN MARKET UPATE -dollar/inr below 81 -dollar index below 102 -weekly chart of the both signaling bearish view for dollar -weak dollar positive for financials and metals -double top or "M" in dollar/inr weekly chart -top numbers by icici bank and kotak bank HAD PROMISED TO PICK SECTOR OF THE MONTH -we had picked metal index for jan -we will continue to stay long on metal stocks for china play -the index which is added on relative strenth basis is "IT SECTOR" -LONGS IN METAL AND IT SECTOR -EXPECT IT SECTOR TO START OUTPERFORMING TECHNICALS NIFTY INDEX -nifty index is still within the trading zone of 18250-18300 to 17830-17770 -had discussed in the group about actual bear trap on friday -were markekt closed below 18100 and now 18100 ce having max oi -if market opens above 18150 according sgx will force 18100 ce writers to cover the position -18100 can be the base for nifty this week -nifty index on weekly chart has inside bar pattern for past 4 weeks -sooner or later the range will break -probability is on a upside break -positive divergence in nifty -price above bearish trendline and sustaining MAJOR RESISTANCE 18250-18300 MAJOR SUPPORT 17830-17770 TECHNICAL BANKNIFTY INDEX -friday technically banknifty breakout of a small trading range -price trying to cross above major moving averages -banknifty has created higher low formation from past 4 days -major range from 42750 to 41800 is above to break on the upside -icici bank and kotak bank great numbers -rbl bank and idfc bank also great numbers -had mention icici bank and kotak bank are going negative into event -short-covering is possible -hdfc bank has started its bull run -we have started to see a symmetrical triangle pattern on daily chart in banknifty MAJOR RESISTANCE 42750-42850 MAJOR SUPPORT 41850-41750
NSE:BANKNIFTY1!
by manavtechresearch
INDEX WEEKLY UPDATE GLOBAL UPDATE -dollar index has fallen sharply below 103 level on the verge of testing 100 -s&p 500 breaking major bearish trendline in daily chart -ready to break above its 200-dma -nasdaq already rallied 1000 points from bottom -dow jone tested 200-dma and now moving forward on the verge of breaking swing high -china reopening play putting pressure on curde oil but positives for metals -gold and silver commodity play is the key INDIAN MARKET UPDATE -major result week coming up -cpi cooled down to 5.7% -usd/inr down to 81.2 from 83 few days ago -ruppee expected to gain strenth again this week -better than expected results by major IT STOCKS -stellar numbers by hdfcbank -expecting banknifty to also perform this week NIFTY TECHNICAL UDPATE -index on intraday basis broke 17770 last week -and rebounded from there -metal and IT stocks outperformaned -metals to outperform this week also -nifty again a close below 17770 will open up 500 point fall on downside -index on the upside a close above 18130 will open up 18300-18500-18800 (initially) -major moving average congestion is seen on the charts -is it a desending triangle pattern or a wide double bottom pattern -it remains to be seen -fresh longs only if index closes above 18130 -on weekly chart we have 3 inside bars now -this range shall break and we should have a trending market -for index to trend on the higher side we need a weekly close above 18300 -for index to trend on the downside we need a weekly close below 17770 NIFTY MAJOR LEVELS (CLOSING BASIS)/(SPOT LEVELS) RESISTANCE 18130-18260-18420 SUPPORT 17770-17830 BANKNIFTY TECHNICAL LEVELS -again banknifty index is in a crucial position -index for now seems to be able to defend 41600-41500 zone -according to technical pattern we can see a wide double bottom or a symmetrical pattern -major breakout in index above 43500 levels -remember nifty correction was sharper and was underperforming the banknifty index -banknifty index has many things going for it today *hdfc bank stellar results *icici bank bottoming out (will take action based on hdfc bank results also) *dollar index corrected to 101 levels *dollar/inr pair corrected from 83 to 81 levels *trendline break in small timeframe -only major levels to watch BANKNIFTY MAJOR LEVELS (CLOSING BASIS)/(SPOT LEVELS) RESISTANCE 42800-43200-43550 SUPPORT 41900-41750-41550 DISCLAIMER:- these are my personal views trade with strict stoploss take risk according to risk appetite
NSE:NIFTY
by manavtechresearch
GATI - DAY CHART - 07.01.2023 - BAHAVAN CAPITALGATI as per Day Chart Analysis Stock ABOVE 165 TARGET 168 Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr. Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle. So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc... Happy Weekend...
G
by UnknownUnicorn19608572
MEDICO REMEDIES - DAY CHART - 07.01.2023 - BAHAVAN CAPITALMEDICO REMEDIES as per Day Chart Analysis Stock ABOVE 340 TARGET 345 Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr. Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle. So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc... Happy Weekend...
NSE:MEDICO
by UnknownUnicorn19608572
SIGACHI INDUSTRIES - DAY CHART - 07.01.2023 - BAHAVAN CAPITALSIGACHI INDUSTRIES as per Day Chart Analysis Stock ABOVE 331 TARGET 335 Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr. Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle. So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc... Happy Weekend...
NSE:SIGACHI
by UnknownUnicorn19608572
DDEV PLASTIK - DAY CHART - 07.01.2023 - BAHAVAN CAPITALDDEV PLASTIK INDUSTRIES as per Day Chart Analysis Stock ABOVE 97 TARGET 99 Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr. Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle. So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc... Happy Weekend...
D
by UnknownUnicorn19608572
1
TRIVENI TURBINE - DAY CHART - 07.01.2023 - BAHAVAN CAPITALTRIVENI TURBINE as per Day Chart Analysis Stock ABOVE 256 TARGET 260 Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr. Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle. So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc... Happy Weekend...
NSE:TRITURBINE
by UnknownUnicorn19608572
ULTRACAB (INDIA) - DAY CHART - 07.01.2023 - BAHAVAN CAPITALULTRACAB (INDIA) as per Day Chart Analysis Stock ABOVE 30 TARGET 32 Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr. Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle. So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc... Happy Weekend...
BSE:ULTRACAB
by UnknownUnicorn19608572