NIFTY DAILY - 13/3/2024Nifty open with gap up opening and bulls didn’t survive in the market and bear took control and made days low that is 21905 level.
Nifty has broken the trend line support and formed a red big candle with upper and lower shadow.
MACD is giving Crossdown.
90% of the candle is below the 9 days Exponential Moving Average line.
Index has broken the support level which was 22272 so, further support will be 21791 level with resistance of 22115 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 6
Decline - 43
FII Sell – 4595.06 crore
DII Buy +9093.72 crore
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NIFTY DAILY - 29/2/2024After yesterday’s choppy session Nifty has move upward.
Index was not able to sustain above 9 days Exponential Moving Average line and formed small green body candle with upper and lower shadow.
MACD has given Cross down which shows bearishness into market.
Index has broken the support level which was 22023 so we may see weakness till 21854 with resistance of 22115 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 32
Decline - 18.
FII Buy + 3,568.11 crore
DII Sold -230.21 crore.
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NIFTY DAILY - 8/2/2024Second winning strike of bears, in Today’s session.
Index opened with the negative note and at the end of the trading hours Nifty formed a bearish candle with lower shadow on the daily charts which is indicating that now bears are trying to capture the market. MACD is giving Cross-down.
Index has break the support of 21893 level we may see weakness till 21632 with resistance of 21912 level.
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M&M Fin - Ready for an up-moveM&M is showing indications of breakout on Daily charts. A moving average crossover is seen on daily charts, with 20 DEMA crossing above 200 DEMA showing indications of potential up-move in short run. Further, MACD has crossed the zero line showing strength for the up-move. One can enter the trade at 286 with a Stop Loss of 270. Target for short run will be 300 and closing above 300 could lead a short rally to 320-330
AVOID FRESH BUY IN DLFDLF now at multi year resistance zone after long rally from 360 levls, cmp 500. This rally is accompanied by low volumes while MACD and RSI also showing bearish divergence. It clearly shows profit booking coming at higher levels. Avoid going long as risk reward is absolutely not in favour
Banknifty future moving up after spotting positive diversionBanknifty future currently in broader range that is 43300 and 44100
and narrow range being 43500-44000
MACD and RSi given positive diversion.
POC is near 44000 which acting as magnetic level.
Shorters should stay cautious... as lower levels getting rejected till now
Hindustan Unilever Limited - Down Trend 📊 Script: HINDUNILVR (HINDUSTAN UNILEVER LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY FMCG / NIFTY500 / NIFTY
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Diversified FMCG
Daily Timeframe
Key highlights: 💡⚡
📈 Script is trading at lower band of Bollinger Bands (BB) and giving breakdown of it.
📈 Already Cross-down in MACD .
📈 Already Cross-down in Double Moving Averages.
📈 Current RSI is around 39.
📈 One can go for Swing Trade for short.
⏱️ C.M.P 📑💰- 2528
🟢 Target 🎯🏆 - 2420
⚠️ Stoploss ☠️🚫 - 2582
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Cholamandalam Investment & Finance Company Ltd - 11.02.2022Cholamandalam Finance & Investment Company Ltd - 11.02.2022
The stock is trading @ 680 levels
There is a SPINNING TOP & DOJI in Daily Chart
The prices are above EMA
There is a MACD Bearish Divergence in Daily Chart
There is a RSI Bearish Divergence in Daily Chart
Let the prices go below 671, one can initiate a sell position with support @ 684.40
Watch out for the price action
COTI_USDT(Descending Channel Breakout)COTI has appreciated by more than 250% from its July low levels of $0.089. It gave a breakout after a week of consolidation between the range of $0.20-$0.24 and is currently sustaining above $0.30 from the last 3-4 days. This bullish rally can be attributed to the fact that COTI has been working on multiple products on the Cardano ecosystem and as the date of Alonso Hard fork is coming closer, both ADA and COTI should be benefitted from this.
On the Daily TF, COTI has been trading in a Descending Channel formation with the upper and middle bands present at $0.325 and $0.14. In addition, it is poised to make a Golden Crossover in the coming sessions, indicating that bullish momentum is most likely to continue. Also, the Weekly MACD is also indicating a bullish crossover in the next couple of days which also backs our positive outlook on COTI.
On the higher side, the immediate resistance is placed at $0.332, once we get a decisive closing above this level, it will be a channel breakout for the first target of $0.42 followed by the next target of $0.50. On the lower side, the supports are present at $0.28 followed by $0.24.
Weekly Analysis of BTC-USD(16th August)Bitcoin continued its bullish saga for 4th straight week as it has now rebounded more than 41% from its July lows. BTC formed a strong bullish candle and appreciated by more than 7% in the past week alone. Weekly MACD is also depicting a bullish scenario as it is entering into positive territory. At the time of writing, BTC is trading around $47K.
The positive trend is still intact and there is now signs of weakness as of now. BTC has already given a trendline breakout and is currently sustaining above that range. Also, BTC has already given a Golden Crossover on the Daily TF, which depicts that buying momentum is most likely to continue in the coming sessions.
On the higher side, the immediate hurdle is present at $48K as it has tried to breach this level thrice but hasn’t been able to do so, however, if it decisively breaks this resistance, the next potential target is present at $49.5K, followed by the next level of $51K.
On the lower side, the nearest support is present at $46.5K, if it breaks down below this level, the next support is present at $45.5K followed by $44K. Currently, as all the indicators depict a positive stance, any decline or retracement should be considered a buying opportunity.
HDFC LTD good long candidatewolf wave formation on hourly time frame,, with positive divergence on RSI and MACD indicators,, Good time to go long in counter
Good long candidate for 7 to 10% upmove