Medium to Long term swing trade in BHARAT FORGENSE:BHARATFORG
is looking great for an upmove in coming days , stock has broken out of its previous all time highs and also retested its major demand zone , a double bottom in weekly time frame showing buyers coming in the stock , SL of 10% for targets of 1000/1160 levels in coming days, medium to long term swing🙌🙌🙌🙌🙌
Stockmarkets
UTI ASSET MANAGEMENT CO long term swingStock is fundamentally strong , looking good for medium to long term holding ,also made a double bottom showing buyers coming in , BUY above 710 levels (breakout retest) SL at 650 ,targets given on chart
FUNDAMENTALS :
# 0 debt company
# 60% DIIs holding and FIIs increasing stakes
# Steady growth in profits since 2012
# Reserves increasing
# Stock trading at low PE of 20
Nifty50 Day End Analysis 2023.02.06NSE:NIFTY looks to extend the current corrective phase till 18450-18420 or in worst case till 18360 (rare chance but still a probability) level.
● Wave a (sky blue color) with subwaves i-v (purple color) completed on 2023.06.01.
● Currently into wave b (sky blue color) which is an abcde (purple color) contracting triangle pattern.
● Wave c (sky blue color) should take it to 18450-18420 or in worst case till 18360 level.
Stock Market AnimalsThe stock market animals roam the financial landscape, representing optimism or pessimism. These animal metaphors capture the sentiment and beliefs behind the market participants who often try to outsmart each other through their edge in the market.
Here is a list of 7 most popular animal metaphors in the stock market. Maybe it can help some traders to look at themselves in the mirror.
🐮Bulls🐮
Its true that at some point everybody would have been a bull in the stock market but here we are talking about the hardcore bulls who are quintessential symbol of rising market. They never go short on the market and make money from the escalating prices of the stocks. This is because they are always overtly positive about the economy and the companies in which they invest. Undoubtedly, bulls are responsible for the buying pressure in the market.
🐻Bears🐻
Needless to say, bears are exactly the opposite of bulls. They never go long and make money from falling stock prices. Their pessimistic and cautionary view about the markets glue them to their short positions. Thus, bears keep on creating selling pressure in the markets.
🐕Wolf🐕
Wolves are neither bulls nor bears but at the same time they are the both. Wolves are shrewd animals who always seek profit making opportunities on both sides of the market. Due to their aggressive trading they quickly adapt to the changing market conditions. They are able to take advantage of momentum, volatility and short-term price discrepancies. They tend to quietly wait for opportunities rather than hopping on to them.
🐢Turtle🐢
Turtles by their very nature believe in slow money-making ideology. They are the most patient ones among all the other categories. Generally, they marry their investments with a longer-term perspective. They take stock splits, bonuses and pocket dividends to make money. Turtles are steady buyers as well as steady sellers.
🐰Rabbit🐰
Rabbits are the most popular trading creatures. They are Intraday hoppers who trade in both the directions. They may be bullish at 10am and bearish at 10:05am. They believe in small but quick money-making ideology. Characterized as least patient among all the other types of market participants, they are just the opposite of turtles. Generally, they are pushed by the market sentiment to take a large number of trades during the day. However, they square off all profit/loss making positions before market close. They don’t restraint themselves from using a whole lot of indicators and strategies to make buy and sell decisions. Unfortunately, most rabbits lose money in the market.
🐔Chicken🐔
They are risk-averse creatures who believe in preserving their capital. Market volatility and momentum are not their cup of tea. They invariably take small risk and make smaller money. A small price fluctuation, on either side, may throw them out of the trade.
🦈Shark🦈
Sharks are the market manipulators. With their exceptional potential to drive or hold the prices to certain levels, they look for opportunities to trap weak traders on the wrong side of the market and exploit their fear or greed. Trading pools, large traders and prop firms etc. fall into this category. What makes them different from the rest of the market participants is their access to more accurate market data and mammoth sized Gigabucks at their disposal.
I would not ask your (not so unpredictable) type but would say that there is always room for improvement.
It just needs :
⚡Realization on your part to recognize yourself.
⚡Commitment to follow the discipline needed to transform yourself.
Thanks for reading.
Do like for more educational stuff in future.
Disclaimer: These metaphors are not created by me but views are personal.
Banco Products, Positional CallBanco Products has broken out to new highs, making it a good stock to consider for a long-term investment. The company currently has a dividend yield of 6.95%.
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications. A recent articlkes says "The Global Automotive Heat Exchanger Market size was valued at USD 22 billion in 2021 and is expected to reach USD 39 billion in 2030 at a CAGR of 7% from 2021 to 2030."
Banknifty: Brace yourself for 43000.BankNifty is poised to potentially achieve a new high above the 43000 level. Our analysis indicates that it has been consistently making higher highs, while failing to establish a new low, indicating a trending market for the past few days. We have observed heavy put writings on levels below 42900, suggesting that a little bullish momentum could still provide opportunities to enter on retracement around the 42860 to 42920 range.
Currently, I am holding at 42800 and am already in profit. I will be closely monitoring the 42921 to 42938 range, where a double top formation could signal a potential reversal. However, for this scenario to materialize, we will need to break below the 42781 level to confirm a bearish outlook.
closely observing the market to see how it unfolds.
#Banknifty Analysis for Monday US DOW is near to complete round bottom at 33300 levels which is crucial to BO and prior traded US market in green zone aling with NASDAQ. Keeping same sentiment Indian Market should also open in green territory but BankNifty downward channel BO level 41125 is crucial for Upward Move. Watch chart for support and resistance levels.
BNF - 1 HR TF - Elliott waveHere is the Elliott wave analysis of BNF on 1 Hr TF, the following are the inferences.
1. Major correction in C wave going on on higher degree.
2. Internally, subordinate waves form the XABC pattern.
3. Potential Projection/Targets of C wave marked as fib retracements.
Views are personal, only for educational purposes!
Please don't treat this as trading advice.
Infy Daily TF - Long TermPotential Bullish Gartley pattern identified.
A Retracement zone of 0.7 was marked from the previous swing for the supply zone.
If the D leg is tested with the fall and the price sustains above supply zone targets are marked with 0.382, 0.5, 0.618 levels of retracement of the CD leg.