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GOOGL on crucial levelGoogle is trading near crucial support of 85. It is crucial because of the history of the chart. Price bounced and rebounded more than 8 times from the same level on. It is also trading at a lowest price to earning ratio of 17.5 with a net margin of 20%.
In summary, price says fundamentals have more room to correct. Fundamentals say the worst is almost over. So it is a good time to deeply study the company and chart.
All figures are just rough estimates.
Mighty Nifty - Expiry Day Analysis Jan 5We had a very good rally yesterday. Controlling your impulsive trading on such days are important. Buy above 18060 with the stop loss of 18030 for the targets 18090. 18120 and 18160. Sell below 18000 with the stop loss of 18030 for the targets 17970, 17940 and 17910. Expected expiry day range is 17900 to 18200.
Mighty Nifty - Weekly Review Jan 2 - Jan 6I wish all my readers a very happy, peaceful and properous new year 2023. With your support only, daily analysis for indexes are made possible and I thank you all. Even though the indexes are volatile we have seen very good movement in it. We can make money if we develop skills to handle the volatile movement and manage our emotions during trading.
Last week the price tested 18000 and once again bulls have managed to hold it. 18000 will remain as the strong support for this week also. Buy above 18040 with the stop loss of 17980 for the targets 18100, 18160, 18220, 18300 and 18360. Sell below 17940 with the stop loss of 18000 for the targets 17880, 17840, 17780 and 17720.
Mighty Nifty - Analysis for Dec 30Patience is needed to get good trade set ups. Yesterday the traders who have patience and waited for their trade set up to form, should have gained a lot from the break out. Buy above 18260 with the stop loss of 18220 for the targets 18300, 18340 and 18380. Sell below 18180 with the stop loss of 18220 for the targets 18140 and 18100.
TataChemicals Today many stocks moved in range and tatachem price was consolidated in a range. Buy above 938 with the stop loss of 932 for the targets 944, 950 and 958. Sell below 926 with the stop loss of 932 for the targets 920, 914 and 906. How you manage emotions during market hours decides your ability to protect your profit.
Mighty Nifty - Weekly Review Dec 26 - Dec 30As the year end is approaching, nifty is becoming more trendy !!! We had a very good trending fall in nifty last week. Looking at the daily time frame, the gap between 17840 to 17900 which was created on october 2022 got filled last week. We have a support zone at 17740 - 17780. Buy above 17800 with the stop loss of 17760 for the targets 17840, 17900, 17960 and 18040. Sell below 17740 with the stop loss of 17780 for the targets 17700, 17640, 17600 and 17560.
Trend movement on BANKNIFTY OptionsA triangle has formed in the pattern, also a strong Resistance is seen @ Strike Price of 42000 analysis done through watching OI levels and changes in OI & Premium levels from NSE options datasheet. As seen on long term time frames a strong support is there for previous movements which might give a support for current scenario.
Tata Elxsi now NSE:TATAELXSI is a strong fundamental stock it is falling because the PE of the company has to come down as a technical analyst would like to enter tata elxsi if it stops at a certain support level and starts to consolidate and then give a breakout above the consolidation zone would like to put this stock under radar