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Sep21-W4: Nifty to finally perform mean reversion this week (SepLast week, I had written about 2 possibilities for mean reversion setups. Either momentum indicator keeps reversing or it makes a lower top while price makes a higher high. On Monday, Nifty gave an impression of former scenario. Wednesday, however, made it clear that Nifty was not done yet. The big red candle on Friday now leaves everyone in a perfect climax. This is the second time Nifty has tried to go beyond the black parallel channel. It is interesting to note behavior of various momentum indicators 1. RSI does not show any indication of divergence 2. Stochastic is relatively flat but it is showing slight indication of exhaustion 3. CCI can be treated as a case of divergence So what’s the conclusion? I can’t conclude but best guess is that Nifty will revert to 5 EMA. Since momentum is still quite strong, I do not expect a reversal till 15 EMA Scenarios for the week ahead (highlighted as yellow box with black lines dissecting scenarios)… Consolidation - Between 17800 and 17350 Downtrend - If breach below 17350; to drop somewhere till 17100 Uptrend - If breach above 17800; to rise somewhere till 18050 Earlier we heard an Evergreen was stuck in Suez Canal and now there is an Evergrande stuck in China. Will the Nifty get stuck, ever? DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
NSE:NIFTY
by wwannabebull
BankNifty Ascending Triangle Pattern - LongHi Friends, Pranam!! We are going to analysis the BankNifty FUT with a weight average of the Big boss's ( Top 5 Weightages of Bank Nifty - HDFCBANK+ICICIBANK+AXISBANK+KOTAKBANK+SBI) 1. Support and Resistance: D(Daily TF), W(Weekly TF) and H (2Hr TF) Horizontal Support Horizontal Resistance 34271-34674.50(D) 36341-36595 and 37770(D,W,H) 33892(W) 36127-36630 34273-34466(H) 36981(H) 35199-35374(H) 36242(H) 36264-36508(H) EMA50-EMA79(MA), Trendline(TL) Dynamic Support 26633-26965(MA) 35330-35753(MA) 36271-36475(MA) 36000-36100(TL) Weekly S&R Daily TF: The index was formed in ascending triangle pattern where Higher High and Higher Lows are formed and It was now broken with a buildup. The trend of index was in Long term Bullish. The index was currently taking the dynamic support and formed a buildup. MACD Indicator of D,W and H was flat and shows the sign of bullishness Stochastic RSI of weekly at overbought range of 84 and dailyTF was in the range of 78 which nearing the overbought range whereas the 2hr TF was in the oversold range CPR was in the bullish bias compared to the previous month but it was average cpr range. ATR Volatility of D, W and H chart was in the Down. 2HR TF was also evidencing a inverted H&S Pattern which was in the uptrend of the index with a buildup. Weightage Stock of the BankNifty: Top stock of the BankNifty weightage show the script was in the uptrend and the index was evidence in the double bottom and neckline of the weightage stock was also broken. Based on the above analysis we conclude that the BankNifty was in the bullish. ENTRY - CMP or in the support zone SL - 36250-1ATR of Daily TF Target - 377001st and trail your stop loss If you like our analysis, press the thumbsup bottom and follow us.
NSE:BANKNIFTY1!Long
by Caapinves
BHEL - Ascending Triangle - LongHi Friends, Pranam!!! We are going to analysis the BHEL Ltd !!! The script was accumulation phase currently where the EMA200 was flat and script was trading above the EMA200. The EMA50-EMA79 was turn to be dynamic resistance at 58-58.45 The support of the script was at 50 where as the resistance at 61, 71 and 78. In weekly the script was taken the dynamic support at 50-52 range and currently the script was in the uptrend forming Higher highs and Higher Lows. The stochastic RSI in daily and 2HR TF was in oversold range and in weekly TF it was in the overbought range. MACD of daily and 2hr TF was in FLAT and in weekly the same was in the bearish side. ATR Volatility in Daily and 2HR TF was in down whreas the in weekly it was very high. CPR in daily TF was in the bearish bias and the CPR many act as resistance. AT the support range, bullish reversal candlestick pattern of Engulfing was formed. In 2hr TF, the script was forming in the ascending triangle pattern along with buildup at the resistance zone. Based on the above we came to the conclusion that the script was in the bullish view. Entry - CMP SL - 52.20 - 1ATR of DTF. (for Long-term) For Short term: Entry: CMP SL - 54-1ATR of 2HR target - 61 If like our analysis, support us by pressing the bell icon.
NSE:BHELLong
by Caapinves
Dolat Investment Ltd - Long term - LongHi Friends, Pranam!!! We are going to analysis the script in the small cap finance segment company Dolat Investments Ltd!! Fundamentally Script was very good based on the following basis screening: 1. Company Profit growth for the last 5 financial years was above 20pct. 2. Sales growth of the company was above 5pct 3. Average return on capital employed for the last 5 financial years was above 20pct. 4. Average return on equity for the last 5 financial years was above 20pct. 5. Debt to equity was below 1 pct. 6. P/E of the company is lesser than the industry P/E. 7. Finally, PEG was below 1. On technically ground. The script was breaked the parallel channel in the weekly time frame and its once again retested the level where resistance of 87 now turns support. The trend as per EMA200 evidence bullish bias in daily TF and also the script has support at 89 & 72 and resistance at 105,116 and 128 respectively and script was retraced to the FIB retracement level of 61.8 pct and same was marked in the chart. The dynamic support as per daily TF was at 92-99 as per EMA50-EMA79 MACD in 2hr & daily TF was in oversold area and in weekly TF it was in the overbought zone. Stochastic RSI was in Oversold Area in daily and Weekly TF and Overbought zone in 2hr TF. CPR of Daily TF was in the bullish bias compared to previous month and its was in the average CPR. CPR of July month is a virgin CPR which can act as support. ATR Volatility was in the peak in daily TF. ATR Volatility in the 2HR TF was in the down, evidence for a breakout. In 2hr TF: Script was evidence in the ascending triangle pattern where the Higher High and Higher Low. Based on the above, we conclude that the script was good for Long Term both fundamentally and Technically. Entry -Brakes above triangle SL - 96 - 1ATR of Daily TF. Target - 120 and 128 If you like our analysis, press the thumb up button and follow us.
DLong
by Caapinves
AUROPHARMA - Long Term Investment - Long - Nifty50 ScriptHi Friends, We are going to Analysis the Pharma Stock which was Fundamentally Strong. P/E was very attractive as per the Fundamental at 7.81 whereas the industries P/E was around 27.25. Company ROE and ROCE for the last 5 Financial Year was above 20pct PEG ratio was very low at 0.35 Company was debt free and capital growth for last 5 financial year was above 20pct Let us analysis in the technical views. we have witnessed the stock was in the bearish downtrend and EMA200 evidence the same in the Daily TF. where as the script was flat range in weekly trend as per the EMA200. In Monthly TF, the script was in the bullish view. Support and Resistance: In Monthly TF, the script has in the dynamic support of EMA50-EMA79 along with the FIB retracement level at 50% also the trendline act as the support. In Weekly TF, the script has the support at 670 and 505 & resistance at 795, 898 and 1065 respectively. Also the dynamic resistance at 832-873 as per EMA50-EMA72 In Daily TF, the script has support at 642-654 & Resistance at 728-752, 844-866, 976 & 1062. Also the dynamic resistance at 861-889 Stochastic RSI in Daily and Weekly TF was in the oversold range whereas the 2hr TF was in the overbought range. MACD of Daily, Weekly and 2hr TF was in the oversold range. CPR in the daily TF was in the bearish bias and script brakes all the CPR S1-S3 and now retraced which act as the resistance. ATR Volatility was shrinking as the powermove was already witnessed. 2HR TF Chart. Technical Pattern was Bearish Flag Patter evidence and currently also the same was evidence. whereas the script take support on EMA20 as dynamic support. Based on the above, For Longterm view script was one of the excellent script for wealth creation. Based on the technical view, Once the script invalidated the berish Flag in the 2HR go for Long - Only for Entry SL - Below Flag Pattern - 1ATR on (Daily TF) If like our analysis press the thumb-up button and comment your views.
NSE:AUROPHARMALong
by Caapinves
Bluestar Ltd - 27.08.2021Bluestar Ltd - 27.08.2021 The stock has been a strong performer in the past 6-8 months The strong resistance zone is 835 & the strong support zone is 790 (which is breached this week= week low @ 764 there is a MACD Bullish Divergence (Weekly), Stochastic Bullish Divergence (Weekly), prices are below ema at the moment Let the prices go above 805 one can initiate a buy position above 805 support & target price will be defined once the prices are above 805
NSE:BLUESTARCOLong
by PrashantBhiwaniwala
DollarThe small rising channel we see as wave z has to break down with close below 92.870 to confirm that the dollar uptrend has ended, then we can say that the last push higher is certainly completed, and may be bear market in dollar has resumed. macd in daily down tick macd in hourly rsi in daily is down tick stochastic in daily negative crossover dmi adx in converging mood Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
ICEUS:DX1!Short
by RK_Chaarts
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