This isn't buying recommendation... I'm just validating / sharing my analysis with community of traders. Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;) Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
SUMMARY -look at the week chart of sbin -once a weekly close above 550 is achieved -positional trade opens up for 600-620-650 zone -banknifty breakout and will test new all-time high -diwali target again in sbin 620-650 -will update target -540 call option oi has seen 1.5m in short-covering -base is shifting higher DISCLAIMER *my views are not trade...
Key highlights: ⚡️ Consolidating in the weekly demand zone for the last 4 months. ⚡️ Wyckoff accumulation schematic on the daily time frame. ⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low. ⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range...
Key highlights: ⚡️ Consolidating in the weekly demand zone for the last 3 months. ⚡️ Wyckoff accumulation schematic on the daily time frame. ⚡️ The market structure started shifting after the establishment of the low on 15 July. Hence, it is an important low. ⚡️ The logical short-term target is near the 490 zone. If the price manages to push above the range...
After split the stock has rallied, almost 12% which now has put the prices at resistance zone (106-110) which was acted as a strong support. The zone is around 106 - 110 -------------------👎🏻👎🏻👎🏻 Some bad about this stock 1) prices trading below 200 day moving average. 2) Price corrected recently 45% which is huge. 3) The volatile metal prices, making business...
Important Levels for 01/09/2022. With the VA shifting to the upside in the last minutes, either the morning longs have booked out of their positions or smart money have taken positions. On Thursday if we cross today's high and sustain above it for the first 5 mins, we can see another round of buying till the old seller reference of 17938-17980. But if we start...
Long Term Outlook We picked time cycle tool available in drawing tools & tried getting dominant lows & highs. Over the process we realised that 18 Week cycle is dominant & running for Bank Nifty Index giving us important lows & highs. Next low could be due in middle of the Oct 2022 which could be shifted to close to Nov 2022 if current high holds at 39759...
Technicals: • Bullish view after took Support at the Channel mid level of 76.50 • Buying with good volumes • RSI positive divergence • RSI shifted from below 40 to above 60 • Relative Strength also in positive zone Fundaments: Q1FY23 Result Highlights: • Net debt : ₹464 Cr • Down from ₹1,005 Cr as at Q4 FY2022 • Estimated Collection of ₹600 Cr from sold...
Gold stayed in a tight range yesterday. The day began at 1748, and the price was bounded within 1745-50 early in the Asian & European sessions. It touched the day-low near 1742 before the US session, then the buying came into the market. The day-high reached 1755, with day ending at 1750. The uplifting momentum has accelerated as the upward trend line shifted...
Nifty remained soft, closed strong. Expiry day did not result in any favour to bears. FII turn sellers one off?. Dollar rises, Yield rises, similar story but different results? Bulls print 13 consecutive candles (each made up of 3 days, with two are three minor negative ones). In any game of probability this is unsustainable. Also the move is near the AB=BC, all...
Hello Friends, Same like always last week also the bank nifty trades went very nice and we moved from 37,500 levels and hit a high of 38,200 levels. Let’s analyze the last week move of bank nifty and then decide what will happen next week and what will be my trading plan over the next week. This is bank nifty chart on one hour time frame. Friends, bank nifty...
The prices are in bearish trend in short term , so plan accordingly. But you need to keep some points in mind for making any decision. +++++++++++++++++++++ Positive Points , as on chart it looks bearish so let us check some funda points. 1) Stock is trading on lower PE than its pears 2) Voltas is a leading company in it's segment 3) Voltas is also have a...
Gold traded in a range-bound yesterday. The price touched the low at 1754 early in the Asian session, and the climb continued until the price reached the day-high at 1772 at the US session opening. The day fluctuated in a USD 18 range , with the price slightly up by USD5. The overall structure in the 1-hour chart hasn't changed much as the uptrend channel is...
What Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several...
PRICE IS CONSOLIDATING BETWEEN SYMMETRICAL TRIANGLE PATTERN, and price has just took support from bottom line of the triangle, since price has started moving in upward direction, we can take this trade , first we observe chart on 1week time frame ... but to reduce stop loss and increase risk to reward ratio...we shifted to one day time frame.. in 1 week time...
Bulls manage to hold the 200 DMA and the up move has been encouraging. With continued Growth revisions downwards, bulls cheering as that would either keep the rates low or inflation low. Bad news remains good news. Ahead of MPC in August near term base shifts to 36400-37400 range than any directional bias sans clues from overseas markets. The mood in banking space...
Good Morning! What a beautiful recovery was witnessed in the Market, yesterday. Just as we had stated on the 5th of July itself, in the same way, we had finally witnessed a beautiful closing of above 15950 in the yesterday’s trading session. Moreover, with the same level of support at 15700, we will now be requiring a stable weekly closing of above 15950. After...
SUMMARY:- *us market covered and rose up on friday *today expecting some short-covering rally in nifty index *but overall the view is still bearish *remember market trend remains bearish until 16480 is taken out *we have falling trendline from the top if that breaks then we will start an uptrend *global data is not good *last week i had explained that i am...