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Nifty at 377 EMAHi Everyone If we look at the daily chart opf Nifty and include 377 EMA then we can see that this is a very strong moving average. 2008 / 2020 crisis happened when this EMA was broken. Today Nifty is perfectly sitting at this EMA. It can consolidate or we can now expect a huge fall which has not been witnessed till now. For that it will have to break its previous lows and check my other analysis which tells that Nifty might hit 13000 level by Sep this year.
NSE:NIFTYShort
by pushpitchhabra93
2
Hero news simplifiedHero launched some models in Turkey, and appreciated 8 percent in stock spot price. However, hero motor export figures are next to nothing. Just about 20000 units. Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500. Hero has tried to find solace at 200 DMA, in recent times. Hero stock price is expensive, given this market. Not to mention prices of several other auto nifty movers as well. In other news, Hero is going to raise it's two-wheeler prices by (upto) 3,000/- next month. Increasing product price gives hero less of a price edge over other competitors. Keep in mind Hero sale figures are still lower than pre-covid levels (66% sale figures, or two-months-out-of-three in this quarter are out already—and sales are below pre-covid levels). Demand is down. Hero can rest at 2500, 2350 could be considered a buy price.
NSE:HEROMOTOCOShort
by SwingGun
2
Bearish Flag PatternBearish Flag Pattern Forming In NIFTY50 A bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction (see image below). The strong move down is known as the ‘flagpole’ whilst the consolidation is referred to as the ‘flag’ itself. Bear flag formation summary Preceding downtrend (flag pole) Identify upward sloping consolidation (bear flag) If the retracement becomes higher than 50%, it may not be a flag pattern. Ideally, we’ll see the retracement be less than 38% Enter at top of the flag or on a breakout below the low of the lower channel Look for prices to break lower with a length equal to the size of the flag pole
NSE:NIFTYShort
by prajwalasp
Petronet - Bearish - next Support AnalysisPetronet - Bearish - next Support Analysis 1. Breaks the primary trend, tried a lot of attempts to break the trend upwards... but due to negative trend, it came down. 2. next support at 190 and another at 180. 3. Strong down candle was created last week, due to this mostly next also will be negative for this stock. 3. I hope it won't break the 2020 crash low. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:PETRONETShort
by ravi15684
1
TATA MOTORS - Important supportsTATA MOTORS - Important supports 1. It's a complete market downtrend, I will give you support points for the TATA MOTORS. 2. Currently stock is the primary trend, which is a positive point for it. 3. 340 is the first support point...300, and 280 will be the respective support point for TATA MOTORS. 4. hope it won't downfall as like the 2020 crash. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:TATAMOTORSShort
by ravi15684