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FINNIFTY expiry analysis. TATAPOWER and TECHMAHINDRA breakoutToday is the FINNIFTY expiry. It has been in a tight range, if it breaks, it may give a good move.
TATA POWER and TECHM analysis for break out.
Keep these on your watchlist.
Happy trading. If this helped you, share in the comment.
I am not SEBI registered. Kindly take your own trades.
Triple Top pattern at TATAPOWERBe Cautious #TripleTop #pattern (trend reversal) at #TATAPOWER (Tata Power Company Ltd) weekly chart.
What Is a Triple Top?
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
Triple tops may occur on all time frames, but in order for the pattern to be considered a triple top, it must occur after an uptrend. However, the opposite of a triple is a triple bottom, which indicates the asset's price is no longer falling and could head higher.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown
Short Market Report 06.03.22CHART Red indecision candle after a gap down opening
OC. 17500-18000; 37000-38000
PCR. bearish; massive call writing happened 18000-17800
FII. -2279
DII. 622
FnO Data short build up in both indices
RSI. 61; 58
ADX. 18; 17
Conviction bearish
Bias bearish
Int. Markets Red; but dow future recovered almost 150 points from the bottom
OUTLOOK no up move will happen if does not sustain above 18080 and 38700
TRADE. sell 37000PE & 38000 CE
LONG. IND HOTEL, TATA POWER, SAIL CONCOR, NALCO
SHORT. MARICO, RAIN, MPHASIS, HDFC TWINS
INDEX TRADE long banknifty above 37868; short below 37513
long on one of the sector leading stockfor educational purpose only
tata power closing above 250 level for 1st time since 110 days
now lets talk about ,
multi - confirmations
daily t.f retest successful
daily t.f closing above 250
weekly t.f closing above 250
cup and handle pattern in both daily + weekly t.f
sentiments depends on global market + now swing trading can be very short term
so dont try to capture the whole move instead try to gain profits and book.
markets are volatile and is depending on global markets as well as so watchout that
btst can also be good to go for now a days
long on tata powerThe stock is moving within range of 200-250 since last 4 months
a breakout and a retest is been done at 1 day timeframe
do check its delivery by searching - security wise delivery position
confirmations-1- bullish engulfing at after breakout
2- huge jump in volume
I'm not a SEBI registered person . Please ask your financial advisor before investing / trading
Short Market Report 27.01.22Short Market Report
Market is playing the pull back rally as we had discussed in our last market report. So, what happened today? Huge shorts were built yesterday and those positions were squared off at the start resulting in huge gap down. The indices took another nose dive few mins later and the down move continued till Nifty reached yesterday's low and then bounced back; and my God what a rally that was. Few of the forum members were confident that nifty will reach 15900 levels but I have been saying something for quite sometime. People would buy cow dung if it's available at a discount. That is what we witnessed today. Even though indicators didn't show oversold but RSI was not forming new low and people started building long positions resulting in this massive short covering rally. Call Writers got trapped due to over confidence that rally will not happen. I don't blame them as I have had losing days due to this thought process. As noted previously Bank nifty was stronger than NIfty and PSU banks out performed everything.
Worrying issue is Nifty IT and how much further it can fall. if you are holding IT stocks, continue to hold or keep buying in small quantities like SIP. You can make huge gains in one year's time
All depends on how Nifty will respect the channel bottom along which nifty has been trading since 2020 drop. The last downfall tested the channel bottom once at 16400 and then we had a straight forward rally till 18300. Now for two consecutive days we have tested this channel bottom. I am not expecting a drop before a decent pull back but you should keep in mind that this is likely to happen in near future.
Budget theme has been playing for some time and two sectors you should watch closely are PSU banks and Defence
For tomorrow, gap down is again likely but I am not sure. if gap down happens, will be a small one. Expect some profit booking which may result into a red day. Some veteran analysts are confident that 17500 is coming
Trading Ideas: If rally has to continue, you can go with 17500 CE and 38400 CE. But be very careful as things may turn around very fast due to volatility.
Stocks to Watch for tomorrow
PNB
TATA POWER
IDFC FIRST BANK
NALCO
Still, stamina left in TATA POWER 🔋Hello, Folks, there are ✌️ types of scenarios moving on if you glance at the major surge before 8 November it's was down but since then I moved toward back in the tunnel, and currently, it is pursuing a downtrend. The barely last hope for bulls is the upper orange channel line if it crosses 223 and holds that level and then can detect the upside and for me has a low probability of that.
Below the 213 again leaving for 200 levels.
So essentially, you can take advantage of this channel also on the upside stop is less and the reward is good and the equivalent thing also transpires when you find this on the lower end of the channel.
Utilize the chart and do your research also.