Long Nifty from current levels :: BTST TradeNifty has taken support in lower ra @nge on friday and today after opening in gap up profit booking seen. But as of now it has not broken out down support range so chances are high we can see a pull back from here which can take nifty towards 17800+ levels. Right now it trading at 17624 so if anyone can ready to take little risk of 100 points from here then this could be best trade to ride for upside. If anyone wants to go long can go with given levels on chart but trade carefully and use proper given stop loss.
For option lover i have a trade:-
it is bulls spread trade because i am expecting a sharp move till expiry, I will recommend everyone to hold this trade till expiry or when you get stop loss
So,
Buy 27Apr 17600 Ce at 96
and sale17800 Ce at 17
Stop loss for this trade 17600 strike if it reached 40 sale it.
Trade Carefully
If anyone likes my work then please do not hesitate to like, follow and comment.
Thankyou:))
Stockmarketanalysis
Bank nifty Expiry Hero or Zero Trade.Bank nifty is looking neutral to short side at this point but as this is expiry day either side from current level can give a huge momentum so below 42200 if banknifty sustain then we can see downlevels from here, and if nifty crosses 42400 levels and got sustain till one hour then 42650+ levels is going to see on chart.
so as of now we can go in strangles:-
It is hero zero call and put option strangle
Buy 42400 call option at 18
and
buy 42000 put option trading at 26
this is purely hero zero call so there is no stop loss. please trade carefully with less qty. Chances are high any side move can give you huge price appreciation in given strike price.
NIFTY Levels and view for Tomorrow DT. 20.04.2023Nifty Resistance - 17666 , 17720
Support - 17450-17442 , 17350
Nifty is forming Lower low on daily TF
Sell on rise is expected to continue in Nifty 50 .
Index is continue to be sell on rise and downside major support is of level of 17450-17442 & 17350 .
Upcoming Features on Dhan - AMJ 2023Hello Everyone,
Firstly, we hope all of you are doing well and are excited about Investing & Trading for the new Financial Year 2023-24. We are excited for the coming times, and with you, we continue to ensure that Dhan gets better every day.
For our incredible user experience and awesome customer service that Dhan is focussed on, the start of 2023 has been exciting for all of us. Jan, Feb, and March of 2023 have been great months as we continue to see the highest number of Traders & Investors on Dhan across all our platforms. We continue to build and ship things that matter to Traders & Investors and as always, your feedback, suggestions, and support help us build Dhan for you.
We continue with our tradition of building Dhan with our users - Super Traders and Long Term investors. Here is the list of things that we are building now and expect to launch in AMJ 2023.
1. Strategy Builder and Pre-Built Strategies for Commodity & Currency Traders
Dhan continues to witness a surge in commodity and currency traders - in the past month Commodity trades have grown > 10X and Currency trades have grown > 5X on Dhan. We doubled our commodity trades and traders in the last month, one of the reasons for this growth has been the incredible commodity trading experience we provide for Commodities 5, and we aim to take that further with the most requested feature by Commodity Traders on Dhan - Custom Strategy Builder and Pre-Built Strategies in Commodity and Currency Segment. This will be first made available on the Options Trader on the Web platform.
2. Mutual Fund Investments on Dhan
We have been working on this for a very long and are glad to inform our users that Mutual Fund Investments will soon be made available in private beta. We have finished building over 80% of this product and now are in the last phase of development where we are ensuring we provide a seamless and best-in-class experience for our users. Dhan will offer zero-commission Direct Mutual Funds to its users and at launch will be feature packed with everything that you could expect from a Mutual Fund investing platform.
3. Option Trading on TradingView.com
Many traders prefer to do their studies, analysis, research, indicators and signals on TradingView which is one of our favorite products as well. Dhan lets users trade directly from TradingView.com 2 and also is the only Stock Trading platform in India that provides Free Webhooks for Order Execution 9. While Options data is not available on TradingView, we are working towards making Options Trading super simple for our Super Traders. While we are behind schedule on this, we will soon launch Webhooks as a newer Order type, making it super simpler for our users to trade in Options (and any segment) directly based on your studies on TradingView. This will be launched on the Dhan Web platform. PS: Also in case you missed it, TradingView has awarded Dhan as one of the most Reliable Technology Brokers 5 across the world… Yay!
4. Trade Directly from TradingView Apps (iOS and Android)
Dhan is the first stockbroking platform in India to enable direct trading on TradingView.com 2 with its Connect through Trade Panel, later we extended this functionality to the TradingView app on iOS and very soon will be made available on TradingView’s Android App as well. Over 38,000 Super Traders on Dhan 1 have now connected their Dhan account with TradingView - all of them will soon be able to trade from their TradingView apps as well.
5. Trading Notes on Dhan
Trading may be easy, but making money from trading is not! We have interacted with many disciplined traders and based on our interactions have enhanced the journey of Super Traders on Dhan with Trader’s Diary 2 and Trader Controls 2. Very soon, we will introduce Trading Notes - where you will be able to add simple notes to every trade you make. Your Trading Notes will also be visible in your Trader’s Diary and Past Trades. Be a better & disciplined trader and manage your Risk while trading, only with Dhan!
6. Flash Trader on Dhan Web
Option Buyers already love using the Flash Trader 12 that we recently introduced on the Dhan app. We intend to extend this feature on Dhan Web as well, and eventually also bring this to Options Trader App and Web. Flash Trader helps traders quickly discover and trade in contracts that have the Highest Volumes, Highest Open Interest, and also are At-The-Money (ATM) on both Bullish or Bearish views.
7. Unified Login across all Web Platforms
Dhan currently operates three different web platforms - Dhan Web (web.dhan.co), TradingView console on Dhan (tv.dhan.co 2) and Options Trader Web (ot.dhan.co 6). We noticed that there is a significant overlap between users on our web platforms, and to make it further seamless and convenient for our users we will introduce a Unified Login across all Web Platforms.
8. Updating Primary Bank Account
In our priorities for the year 2023 we mentioned that we want to ensure all requests our Traders and Investors have should be made digital. With that thought process, we earlier introduced updating of Email Address, Mobile Number 2 and Nominations online 1, continuing with the same in this quarter we plan to introduce the functionality to Update Primary Bank Account as well to Dhan.
9. Glass Version: Options Trader App
We introduced our first release for 2023 - Dhan App Glass Version 18 and our Super Traders and Investors simply love it. We now aim to extend the same incredible Glass experience to Options Trader app and along with that also bring new features and capabilities to the Options Trader app 3. We will speak in detail more when we launch this - Option Traders would love this!
10. Enhanced Option Chain on Dhan
Option Traders love the real-time Option Chain experience 3 on Dhan and we have continued to improve the experience over the period with feedback and suggestions from our users. We also extended it across all platforms, including bringing an Advanced Option Chain 7 and also integrating it directly on Dhan’s TradingView console 5. We will introduce an enhanced version of Options Chain soon, which will be lighter, and faster and along with highlight some incredible insights for you on the Options Chain itself.
11. Enhanced Referral Experience on Dhan
One of the key reasons we are able to grow every month is simple - Word of Mouth. We speak with many of our users and know that they were introduced to Dhan by their friends and family. That aside, we have an incredible Referral program where our users get 20% of all brokerage generated by their friends whom they refer to Dhan - this is for a lifetime and users can withdraw the referral reward directly to their Bank Account! We recently introduced QR for fast & easy referral to Dhan, and we are working to make the overall Referral experience even better than today.
12. Delivery Volumes for Stocks
Over the past few months, we are witnessing more and more Intraday Trades in the Cash segment along with positional Swing Traders, many of whom today are using the Margin Trading Facility where Dhan offers up to 4X margin benefit on up to 950+ stocks. For short-term traders, Dhan does provide Technicals along with Technical Orders and more recently launched Forever Orders on Equity 1 enabled on top of DDPI 2 - another first one in the Stock Broking industry from Dhan. We are now considering enabling delivery volumes for such short-term traders and investors to track delivery v/s intraday trading volumes across all stocks.
13. Upcoming Corporate Actions
We introduced Corporate Actions 1 sometime back and it is already a very popular feature on Dhan along with Dividend Tracking 2 for Investors and Real-Time News 2. Some of our users had requested for introducing upcoming Corporate Actions and we expect to bring this on Dhan in a few weeks. We believe this should benefit a lot of Investors as well as Swing Traders on Dhan.
14. Market Feeds APIs
We know we are running behind schedule on this and there is a reason for the same - we want the Market Feeds APIs to be super fast. We internally are in the final stages of testing a new broadcast system that is visibly faster than the existing one on Dhan also what industry standards are. Dhan’s SuperFast Trading APIs are now consumed by over 500+ API-based traders for order execution, and also by 50+ partners including the likes of TradingView, Smallcase, Tata Capital, GoCharting, and many more. We will introduce Market Feed APIs for all API-based traders and Algo Traders in our suite of Dhan HQ SuperFast Trading APIs 3.
15. Updated Baskets Experience
It’s been a while since Dhan introduced Baskets across all our platforms - App, Web, and TradingView. With newer enhancements to our web platform (web.dhan.co) and deeper integrations on our Options Trader on the web platform (ot.dhan.co 6) - we have noticed an uptick in the usage of Baskets on Dhan. We aim to simplify the baskets experience from the existing ones and post that introduce more capabilities for Traders.
16. Statements Previews on the App & Web
Over the past few months, we have introduced multiple enhancements across Dhan to improve all statements experience - this includes the recent Quicko integration for tax filing 2, the introduction of Trader’s Diary 2 as Journal, and more. We continue to work further on this, and also introduce statement previews on App & Web in the coming weeks - this will be over and above the email-based statements we presently have on Dhan.
17. Scaling our Systems and Underlying Tech & Infrastructure
In the past year, Dhan has grown > 25X times in terms of transactions processed and 2X in just the past 45 days. We now have over 500+ API-based traders who are trading directly on top of DhanHQ SuperFast Trading APIs, and large traders who are executing over 100+ trades/day and some even doing over 1000+ trades/day. Our DhanHQ Super-fast trading APIs are consumed by over 50+ partners in multiple domains - a few of the partners are featured here. To support this scale and growth, we are changing the way our systems (Apps and Web Trading platforms) are handling and processing these large orders & high volume trades and at the same time - also ensuring our underlying APIs and technology infrastructure are scaling up to seamlessly process everything at a lightning-fast speed.
Is that all - definitely no! There is more that is happening under the radar at Dhan and all of us are working towards ensuring we bring to you Lightning-Fast Investing & Trading experience every day and at all times.
Keep Investing & Trading on Dhan, and help us build an incredible platform for you.
Thank you,
Pravin Jadhav
Founder & CEO - Dhan
Nifty 50 Long Term Analysis and next Price prediction
This is Nifty 50 long term analysis:-
16650-16900 Mark is expected to act as a long term strong support zone and if this held in the coming months , then nifty will start moving towards 18900 to all time high levels. Today 17/04/2023 nifty made low 17574, it is just a retest of breakout which we have seen in coming days.
Some Immediate hurdle for nifty are at 18000 and 18150. On the indicator nifty is trading above 200-day EMA at 17524 which indicates strength and it can also work as stop loss for long term.
Only problem we can see if nifty breaches their strong support zone which i have plotted on chart. Covid cases again started coming in and rapidly it's getting increasing in some city's but according to market behavior and structure market itself never reacts on same news again.
This was my analyse for nifty 50.
If anyone like's my work please support me by like, follow and comment your suggestion on my idea.
Thankyou
Bullish Flag Pattern breakout seen in Aditya Birla CapitalABOUT COMPANY:-
Aditya Birla Capital Limited, the holding company for the financial services businesses of the Aditya Birla Group, is a universal financial solutions group catering to the diverse financial needs of its customers across their life stages
Market Cap
₹ 39,812 Cr.
Current Price
₹ 165
High / Low
₹ 166 / 85.6
Stock P/E
8.61
Book Value
₹ 67.7
Dividend Yield
0.00 %
ROCE
8.20 %
ROE
11.4 %
Face Value
₹ 10.0
Debt
₹ 68,328 Cr.
EPS
₹ 19.2
PEG Ratio
0.34
Promoter holding
71.0 %
Intrinsic Value
₹ 180
Pledged percentage
0.00 %
EVEBITDA
10.9
Well we already have seen bullish flag pattern breakout, and other major indicator also giving positive crossover in this ticker. So we can assume this is going cross all time high very soon and now big player also gonna to join this momentum. Chances are very high we can see all time high in coming 2-4 months. Company has delivered good profit growth of 25.6% CAGR over last 5 years. Buy for long term also as this is one of very reputed group in india. If you horizon for trading then do not forget to put stop loss.
If you guy's like my work please like, follow and comment.
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ICICI - Short TermHarmonic - Bearish Shark formation
Already closed above the critical level of 845. first target done 851.75.
Tgts - 856 - 869 - 884
Elliot Wave - Currently in C wave of subordinate ABC wave of a larger B wave. It might retest 845 level in this upmove.
Sharp correction once C is completed.
Tata Motors - Mid Term (Now down then UP)Hi Friends,
Tata Motors is in up move from a couple of weeks.
The move is expected to continue after a brief retracement. Retracement levels are marked with Fib retracement.
A zone around 452 can be a potential reversal zone.
2 daily closings below 61.8% fib marking will confirm the trend change.
Breakout of falling Wedge bullish pattern coming soon in TCS Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
Market Cap
₹ 11,66,817 Cr.
Current Price
₹ 3,189
High / Low
₹ 3,644 / 2,926
Stock P/E
27.7
Book Value
₹ 247
Dividend Yield
1.35 %
ROCE
59.1 %
ROE
46.9 %
Face Value
₹ 1.00
Debt
₹ 7,688 Cr.
EPS
₹ 115
PEG Ratio
2.65
Promoter holding
72.3 %
Intrinsic Value
₹ 2,154
Pledged percentage
0.48 %
EVEBITDA
18.6
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
Company has been maintaining a healthy dividend payout of 61.4%
CONS
Stock is trading at 12.9 times its book value
Working capital days have increased from 63.6 days to 92.6 days
Behatreen company with good fundamental, with good management. Good dividend paying stock, ROCE & ROE both above 40% very negligible debt ratio. All is showing positive for this ticker. This stock already have made millionaires to many. But now according to my analysis. price action showing a bullish momentum. Stock forming a falling wedge bullish kind of pattern... which is a sign of price reversal. Very soon we can see a breakout. Still why to wait for breakout when we know this has to go only up from current level. So if anyone wants to go long, can go with given levels on chart. For trading purpose already all levels given. But this is one of the best stock to invest for long term. So buy without any hesitation for long term. You will get dividends time to time.
If you are planning to take trade for short term kind of trading purpose then please follow strict stop loss.
If you guy's like my work please do not hesitate to your love by like and follow me, and also let me know your thoughts on this Trading idea in comment box i will love to reply you.
Thankyou brothers & sister Happy Trading:))
Neat & Clean Breakout in Dr. reddy's lab Target 20-25% from hereDr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
Market Cap
₹ 80,814 Cr.
Current Price
₹ 4,853
High / Low
₹ 4,920 / 3,788
Stock P/E
22.2
Book Value
₹ 1,248
Dividend Yield
0.62 %
ROCE
14.1 %
ROE
11.5 %
Face Value
₹ 5.00
Debt
₹ 1,729 Cr.
EPS
₹ 219
PEG Ratio
2.01
Promoter holding
26.7 %
Intrinsic Value
₹ 2,359
Pledged percentage
0.00 %
EVEBITDA
12.8
PROS
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 21.6%
CONS
Stock is trading at 3.89 times its book value
The company has delivered a poor sales growth of 8.70% over past five years.
Company has a low return on equity of 12.2% over last 3 years.
Well i have done my analysis, Seen neat and clean Breakout (Price and action), MACD bullish crossover, 200EMA all giving buy signal in Dr. Reddy' Lab. i am expecting 20-25% returns safe next 3 to 6 months. If anyone wants to go long can go from given levels on chart.
Please follow strict stop loss.
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My big loss 2,18,000/- IN EXPIRY 13-4 Stoploss Vs. Account closeLearning topic : Learn from your loss
Be flexible in market movement do not attach to one setup only, Always take seriously your stoploss do not ignore your loss target.
If your back testing movement is accurate for 70% then also real market movement can wipe your 30% and you can have a big loss which will make your funds to 00.
When such situation comes where you make your funds 00, after that take gap for atleast 4-6 weeks to gain confidence as without stable mind you cannot trade properly.