The chart clearly indicates that the index is experiencing a robust uptrend. Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out. The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation. Despite attempting to surpass the resistance level, the price failed. ...
NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024 - After the breakout of the box consolidation in beginning of June, 2024 - The entire set of stocks in this sector has been showing continuous strength - Looks like there is a little more steam for the sector till it hits a pause at the resistance - Even with todays volatility the stocks showed some good...
Why the FMCG Sector is a Must-Have for Long-Term Investment - I am highly bullish on the Fast-Moving Consumer Goods (FMCG) sector, particularly in the context of a booming economy like India's This sector is fundamentally driven by the robust Indian consumption theme, which continues to expand rapidly due to the country’s growing middle class, increasing...
Price Analysis & Overview: 1. Good consolidation and BO candle formation. 2. Grabbed liquidity of sellers. 3. Need prices to sustain at the higher levels for further confirmation of momentum. MONTHLY TF VIEW: - Breakout after 3 Indecision (doji) candles breakout on monthly. - 20%+ minimum momentum will be expected. - Stay tuned for further insights,...
Price Analysis & Overview: 1. Nifty Auto Index is in it's dream bull run after it broke the ATH resistance levels. 2. At current scenarios, price might continue to move higher towards the marked green lines or consolidate/correct towards EMA and then continue the run again. 3. RSI showing signs of overheated currently. MONTHLY TF VIEW : - Stay tuned for...
PVR INOX (1W TF) - Swing Trade Analysis given on 9th March, 2024 Pattern: AT MAJOR WEEKLY SUPPORT - Volume Buildup & Spikes initiated at Support - Done ✓ - Demand Zone Retest & Consolidation - Done ✓ - Stock is back to the Support since May 2023 #pvrinox
NIFTY MEDIA Sector Analysis (1W TF) - 1st March, 2024 RETRACMENT TO THE SUPPORT/DEMAND ZONE - The Sector has been retracing since Jan 2024 - Currently approaching the Demand Zone - Focus should be on Sector specific stocks (If You Know You Know) - This will give for a better RR - My focus is on TV18 and Network18 for now (will add to the list) #stocks...
Sellers welcomed todays day with pressure closed at support looks tomorrow may be sideways day or profit booking can be seen. Still sellers looks more active may break support after profit booking. Bank Nifty closed at support 47400 to 47300 if break buyers may try to enter or trap Resistance at 47600 to 47700
#NIFTYAUTO Sector Analysis (1W TF) Pattern: ASCENDING CHANNEL PATTERN - If it breaks the Resistance zone then it could be expected to move to the top of the channel trendline #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
- Gap opening can be expected -if gap up then bounce back till 44700 to 44750 may be touch -if gap down then then then it can touch 44200 to 44300 -44500 to 44400 may be important range level keep an eye on traps or fakeouts Notice : Fridays have big up and down moves Note : Do your own analysis before taking any trades or investments
CNX #Finance at major support of Oct'2021 high i.e., 19778.95 On the break of this, we can see further fall till 19648 which can be a major support and deciding factor for the trend.
Here I do a weekly analysis of the benchmark indices, broader market, sectoral indices as well as some key global data points.
Overall Market view and All sector view. All sector view and major index are not showing any strength as of now but few individuals are good.
#Auto Stocks are setting up for a NEW HIGH NSE:TVSMOTOR NSE:EICHERMOT NSE:TATAMOTORS
Sector Analysis - PSU Bank, PSE, Media, Infra sector analysis for value buy.
Use the below indicator to setup quarterly/monthly/daily view of S&P sector relative strength.
PSU Banks reversal from support Relative Strength is coming above 0 line and turning positive RSI above 55 will Bullish sign
TCS showing bullish reversal from trendline support IT Sector is Bullish Reversal from RSI 50 Relative Strength need to cross above 0 line for more strength