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Seasonality

Spotting a Macro Trend in Oil Industry.US Oil is facing resistance on a long Trend Line. Oil will reverse from this point which tells us a lot about the industry in general. How the world is shifting towards electrification and adapting to the new electric revolution in the auto sector which is the major consumer of oil. Dependence on Oil will decrease from here on. There are no new consumers rising for the oil but rather would be decreasing over a period of time. This is more like a slow death of oil. It won't disappear all of a sudden. This can take 5 to 10 years time keeping in mind how rapidly & exponentially the world is changing. This is purely a short trade. An aggressive one from the current market level. For the target of $32-$34.
FX:USOILShort
by Sarthak_Singh
Finolex Industries ready to take off !!!Finolex Industries ready to take off !!! ✅buy @650-60 range✅ sl 600 trgt 700-750-850++🎯🎯 long 1000+ study then invest🙏 🔹chart looks good 🔸stock perfectly respecting the uptrend channel 🔹700-705 level acting as a good resistance ,anytime can see a massive movement from current level.so keep it on radar guys. 🔸Finolex Industries, the largest manufacturer of PVC pipes and fittings, on Tuesday reported a massive 174.2 percent jump in net income to Rs 255.8 crore for the third quarter ended December driven by a near doubling of operational margin. #superb q3🔥
NSE:FINPIPELong
by ANKITHSHAJU
1
NIFTY Trading levels for the daynifty levels mentioned in the chart SGX Nifty was up in the green but A long bear candle was formed, after the formation of small negative candles in the last four sessions, which indicate that the downside momentum has started to gather strength. This could mean chances of more weakness for the Nifty in the coming sessions. The next crucial support is placed at 14300 -270 level.(we mentioned it already) Yesterday’s nosedive by Sensex erased 1,145 points with the benchmark index closing at 49,744 while the 50-stock Nifty tanked 306 points and gave up 14,700 mark. Rising bond yields, inflation worries across the globe, and the resurgence of coronavirus cases domestically are believed to be troubling the stock markets. Factors driving markets US bond yields rise: Benchmark US Treasury yields hit a near one-year peak but the dollar eased against rivals. Covid cases: In some pockets of India, covid cases have started spiking, spooking investors who believed the crisis was all but over. If this leads to more lockdowns, there could be more negatives for the market. Stimulus coming: President Joe Biden's push for a $1.9 trillion Covid-19 relief bill took a step forward on Friday as a US House of Representatives committee unveiled the legislation Democrats hope to pass by late next week.
NSE:NIFTY
by ANKITHSHAJU
SBI Life forming Bullish reversal Elliot wave pattern! SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame. Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead. With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade. SL & Targets are mentioned on the chart... Look forward for feedback to correct my charting / analyzing skills. Regards, Ravi B
NSE:SBILIFELong
by ravibhadrappa_TCFMRA
Fortis: 5 yearly itch Fortis is yet again playing out its 5-year cycle. A look at the left-hand chart which is the monthly time frame, clearly shows this cyclicality of 5years. It has been a long-term under-performer and is now dealing with some serious resistances. Last session we had a fine high-volume breakout which should continue further up unless the short-term supports of 160 is not broken. With the momentum backing the pharmaceutical stocks can this be an opportunity for the stock to rally further up and test 200? Well, I think it’s possible. Thank you for following my work and please feel free to share your thoughts and suggestions. Trade Well. Trade Wise.
NSE:FORTIS
by Abhijit_Paul
1
Bank Nifty Weekly Technical Outlook – 08.08.2020Price Action Analysis: On a weekly time frame price action in the current week formed a Bullish SKR price bar pattern to final close at 21754. In the previous week price action resulted into a down bar. With the start of the week price violated the low of the previous week and recorded a low at 21031. Throughout the current week the low of first day of the week was protected and finally managed to close at 21754 above the preceding week close at 21640. The important aspect to keep in mind is that the current week price bar is indeed a down bar but the close of the current bar closing above the previous close makes it a Bullish SKR price bar. The close of the current price bar is in the upper one third of the range indicating bulls in control. The price bar has a smaller body (210) compared to the wick ((695) both upper and lower wick combined) which raises a question about the extent of participation. The length of the lower wick (513) is 2.81 times of the upper wick (183). The buying pressure of the current week (722) is 3.9 times that of weekly selling pressure (183). The position of close, small body, larger lower wick small lower wick, buying and selling pressure indicates a possible turnaround in the existing direction of price. The turnaround will be confirmed only when price first breaks the high (21937) of Bullish SKR without violating the low (21031). Price breaking the low of Bullish SKR invalidates the Bullish expectation. On a daily time frame price action formed an Inside bar on Friday. The prior bar, the bar before the Inside Bar, is referred to as the “Mother Bar”. With the completion of an Inside Bar one can observe that price neither surpassed the high of mother bar nor violated the low of the preceding bar indicating indecision. Inside Bar also indicate that the prevailing momentum has dissipated because buyers and sellers are equally matched and have no conviction. An Inside Bar usually represents market indecision. In terms of demand and supply, an Inside Bar indicates that, demand and supply are in state of equilibrium and hence a period of consolidation. With an Inside Bar we neither have a bullish nor a bearish expectation and hence form a neutral expectation. If price surpasses and close above the high of the mother bar then we form a Bullish expectation and if price breaks and close below the low of mother bar then we form a Bearish expectation. With this detailed price action analysis let’s just follow the foot prints of price. For trading decision one need to wait for a suitable Low Risk High Probability trade opportunities. The current weekly volatility decreased to 2.5 compared to the previous weekly volatility of 3.6. The probable weekly returns for the upcoming week is 545 points from the weekly close, with a measured move in increments of 227 points. Stock Market Seasonality August 8 marks a very important date according to seasonality. The day is considered as a minor seasonal date which is halfway between the major seasonal levels of June 22 and September 23. On this day price action formed an Inside Bar and hence the high and low of the mother bar will be of utmost importance in determining the future price action. Trade Plan The key level of the existing trend is at 21034 and the critical level at 21027. The point of control of Bank Nifty spot for the upcoming week is in the zone of 21484. Currently price is trading above the minor resistance zone at 21710. Price staying above the minor resistance zone of 21710 can move towards the major resistance zone at 21937. Price slipping below the minor resistance at 21710 can move towards the point of control at 21484. Price surpassing the major resistance zone can further move towards the zone of 22163 and 22389. Price below the point of control at 21484 can find minor support in the zone of 21258 and major support in the zone of 21032. Price breaking below the major support zone can move lower towards the zone of 20805 and 20579. Disclaimer All investment ideas published are for educational purpose only. All investments and trading decisions involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
NSE:BANKNIFTY
by VanijyamShala