Short
BEARISH: PFCThe stock can see a significant correction
1. The stock is rebounding from a resistance line from which previous rally has seen correction
2. The stock is on the verge of breaking a support line
3. The stock is breaking down the bollinger band and possibly ending a consolidation which was happening over the past couple of weeks
All analysis if only for educational purpose.
Visualising victory for Ukraine and oil pricesBack in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture, showing the possibility of Ukraine ending the conflict with a win.
On paper, the war is just between Ukraine and Russia. Its implications, on the other hand, knew no bounds and it demanded to be felt across the globe bringing about economic uncertainties and causing supply chain disruptions. While it did not start the energy crisis, the invasion surely made the situation worse.
Nearly seven months into the war, people are hoping it will be over soon. Along with these hopes is the dream that the underdog (and innocent party) will claim the victory.
Win for Ukraine
Earlier in September, Ukrainian forces managed to recapture swaths of lands in the country's northeast that a few months earlier have been taken over by Russia. Considering this and the possibility that China's tacit support for Russia could be waning, it seems like momentum is on the side of Ukraine.
If that indeed happens, it could mean good things not just for Ukraine but probably for the rest of Europe. Orysia Lutsevych, in an opinion piece for The Guardian, wrote that a victory for Ukraine is vital for Europe to be able to live in peace and work collectively to meet global challenges. Considering the support that a majority of the remainder of Europe and countries in other parts of the world have thrown behind Ukraine, defeat would further entice Russia to flout international law and the sovereignty of other nations.
"The restoration of Ukrainian territorial integrity and, ultimately, peace will mean the collapse of Putinism as a doctrine and an end to Russian claims to territorial dominance elsewhere in eastern Europe and Central Asia," Lutsevych added.
On the other hand, a victory for Russia would validate the country's aggressiveness and fuel its desire to further expand its territory. Russia uses newly conquered territories to stage further conflicts and a Ukraine victory would prevent that from happening. Aside from preventing future wars, a victory for Ukraine is also expected to reduce the risk of a mass famine and even restore the stability of economies that have been affected by the sanctions imposed on Russia for instigating the conflict.
What happens to oil when Ukraine wins the war?
When the war started, the price of oil surged past the $130 per barrel mark for the first time since 2008. The Brent benchmark neared the record high of $147 in March exacerbated by the conflict.
Almost seven months into the war, the prices of oil somehow stabilized and is now at ~$90 per barrel for Brent crude as concerns about weaker economic growth and demand drag prices down.
European countries have also been forced to impose price caps on electricity and oil and come up with new taxes for energy companies in order to support their people amid the ongoing energy crisis in the region. Many countries have also started finding alternative energy sources to compensate for the supply cut off from Russia.
Russia has been using the energy crisis as another ploy in its grand battle scheme. Earlier in September, Vladimir Putin said: "We will not supply anything at all if it is contrary to our interests. No gas, no oil , no coal, no fuel oil , nothing."
The potential impacts to the energy market of a Ukraine victory would depend on how Russia will take its defeat. Will it be a gracious loser and choose to capitalize on rebuilding bridges with countries that have been beneficiaries of its supply or a petty loser that will continue to lock in supply for it to use and to sell to select buyers who are probably allies and supporters?
Good short opportunity in Tata Motors
Tata Motors has formed a parallel rising channel in which the stock has fallen from the top resistance. In addition to this, the stock today (16/09/2022) broke its 200D EMA and is ready for another 6/7% fall according to the setup & support of the rising channel.
One can short at:
CMP - ₹425
Target - ₹ 410 / 400 / 390
SL - ₹ 445( closing basis )
NSE:TATAMOTORS
WIPRO 19SEP2022Wipro from past days taking the support of level 400 and jumps back to make a bull run but from the past days it makes the DESCENDING TRIANGLE PATTERN which is a bearish
pattern
SELL
SELLING below the level of 400 can lead it up to 380--350 level on the lower side.
BUY
Buying is gonna be risky from this point but taking support of level 400 can push it to the rejection trendline.
ROUTE MOBILE 19 SEP 2022As the INDIAN IT showed some bearishness in the last two trading days so as per that and as per BRITISH inflation data most of the IT sector also we can see through the US data countries are starting to go into a recession. Thus IT sector is crashing so this share which is having most of the business in EUROPEAN countries also it is showing exhaustion after hitting the 1500 level so we can short it with simple price action and trading analysis for the 19 SEP 2022 intraday.
SELL levels are 1400 or before to reach the level of 1400 and then continue the move further.
BUY side is not recommending that much as its already on the sell-side and ran from the opening price up to 2100 which is 6 times of it so exhaustion in it is already seen and past trading days it's consolidating between the 1400 and 1500 even though it tries, to crack the 1500 but could not sustain that and now it is coming back its last support.
BANKNIFTY analysisBUY SIDE
As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500.
Thus we can go for long in Bank Nifty upto next high level or for a double top pattern.....
SELL SIDE
As BANK NIFTY rejects from its previous high and continously going toward its supports thus support level of 40500 once breaks can lead to long short position.
A small short position can be made once that small trendline breaks thats its following to move upward upto the level of 40500 max and can follow above move.
NEUTRAL
Bank nifty can stay in the range of 500 points from 40500 to 41000.... also we can see some resistance building above 41000 to 41100 which is rejection level. Once nifty crosses that level then we can see a full-bullishness in the index.
Colgate - Next MoveColgate is trading at a crucial level. Levels are mentioned on the charts. Sustaining below 1685 may take the stock to the levels of 1625-1600. Or sustaining above 1685 levels, will give a breakout for the target of 1740.
Only for learning and sharing purposes, not a piece of trading advice.
Always calculate your risk before entering a trade, rather than calculating profits.
All the best.
Selling oppurtunity in Nifty @Nifty
Since the Price is falling I will be looking to short the index
Price probably took some support 17880
Since Price has fallen 230 points from day high ,expecting a small retracement or pull back in intraday.
So many supply areas has been created but 18000 being a psychological level ,I'm going with that one.
With small SL of 40 points we can short nifty 17965 with a SL of 18005
With an ATM option this will be Approximately with a risk of 1000 rs per lot.
PS: Price might not come back also.
**Before 17965 If a RED candle closes below 17880 I might plan the trade differently.
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
I will be updating
Selling oppurtunity in Bank NiftyPrice is coming to its supply area.
Expecting to see some red candles here.
ENTER 40822 with SL levels of 40922.
Target will be in execution.
Buy 15 sep 40800 PE @ 273 - 275
SL :230-233.
1000 rs risk per lot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss
NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
SGX Nifty Chart Analysis 13/09/2022SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing.
SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes.
Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular stock or indices will fall , no one can tell the timing but we have to follow the chart pattern to make our trade.
Good Luck