Sensex
WHERE IS NIFTY HEADED?been a very volatile week and defining a clear trend in the market is very difficult but for the next week (starting 12th July 21) we have a symmetrical triangle to plan our week ahead!
Banknifty View : Intraday Levels for 5th July 2021Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced support of 34730 levels and bounced to test our level of 34893, It was the same movement as the day before yesterday hence the levels are intact.
Again we have range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1 PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
Bullish on Vinati organicsThis stock has been giving massive returns since its day of listing and gave a good breakout on 2nd July.
CMP= 2026.60
targets, entry price and SL are given on the chart!
after achieving the first 1st target, trail your SL
SENSEX ANALYSISThis is the monthly chart of Sensex.
A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline.
Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89.
This barrier is also a resistance point according to the Fibonacci levels.
Sustainment (on closing basis) above 52537.89 can lead to a big bullish move in this index, touching approx 60,000 in a year or so.
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
NAUKRI on the move! A Great Risk to Reward!Naukri breaking out of a descending triangle pattern on a daily timeframe. Has the potential to go till 5870 levels with a tight stop below 14th June candle making it a great risk to to reward for a trade
Bearish SymptomsAlmost all the markets going in red will be a major factor on Monday. Market has been moving up but the momentum was dying since last few days. Here is a comparison chart with Nasdaq. It is amazing to look how the indices made similar moves around similar times. In short, 10% correction is quite possible in near short term. This view goes along with other stock market gurus worldwide who are experts in their respective markets. Few Points to support this are here:
1. Weekly RSI is approaching over sold stage and we have peaked RSI on daily charts are making lower highs with a strong down move.
2. 45000 has not been retested.
3. MACD showing bearish cross on daily chart.
4. Indices closing in red.
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BULLISH ON ICICIPRU#ICICIPRU made a new ATH and on a trajectory to surpass it already!
#BULLISH
*NOT A FINANCIAL ADVICE
#BIG BEARS - ARE YOU READY? NOW ITS YOUR TURN - SHORT NIFTYAccording to my calculation, this year high is done on 15th June. Short as much as you can, stop-loss is 15901 on closing basis.
All details given in picture.
Asian paint above 3000(hourly closing)Price and volume contraction pattern in asinpaint
IF closing given above 3000 then we may see sharp up move
as huge oI at 3000(which is likely to unwind if cross 3000)
Above 3000(hourly close)
target 3090-3160
good support near 2975-2950
Please maintain SL closing basis
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
BHARAT DYNAMICS LTDThis stock found under Value Investing strategy.
Profit margin % increasing it's a good indication for this company, Debt/Eq 0.
Small correction may happen but overall It's the very best stock for long-term investment.
POTENTIAL MULTIBAGGERDOLAT INVESTMENTS
Good trend and good fundamentals are the reason why I like this smallcap stock.
Its surely a portfolio stock is you got risk appetite for a small company, can give good returns in the future!
Apollo Tricoat Tubes - Long Term BuyApollo Tricoat Tubes Ltd is a good small cap company which has been rallying for past few years. The company is a turnaround play which is proving to be a good affair for the company. The fundamentals are good and the market cap is just 4000 Crore making it a good investment for long term.
What's next Nifty 50? Nifty has struggled this week to gain potential. But now if you observe Head & Shoulder pattern is going to formed with nested pennant structure. As you can see It made a new higher-low but closed above the demand zone. Either it sustain or break but in both cases it going to bounce from yellow dotted volatility demand zone.
Points to be Note (Technical + Fundamental)
1. Head & Shoulder nested pennant formation has been seen for the bull run.
2. FII has bought 1440 Cr of equity as compare to DII who were sold 1600 Cr of equity but it's positive as FII have being buy from last 2 session.
3. World bank has posted a expected GDP growth till 2021 is NSE:NIFTY 8.2% and anticipated the 2021-2022 FYI growth above 10%.
Let me know in comment section what's your views?
ASTEC BUYAstec Lifescience is fundamentally good company in the agro chem sector. Its owned by Godrej and has more than 20+ products and exports to many countries. With its market being just 2500 Cr, expecting multibagger returns.
COCHINSHIP | Cup & Handle PatternCup & Handle pattern formation in COCHINSHIP. Hence, a good buy above 405 levels for a target of 425 in the near term.
BANDHANBNK 1D CHART - TRADINGVIEW -HEAD AND SHOULDER FORMATION AND WILL DEFINATELY FOLLOW THE PATH FOR MEDIUM TERM
Is it the right time to go long on ICICI Bank ?Tight completion between bulls and bear can be witnessed in the upcoming days. So keep calm and enter
60 min chart NSE:HDFCBANK Ascending triangle pattern formation is seen
one can take advantage of this pattern and take long position and make use of stop loss should be below lower trendline
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