Swingtrading
Nifty View 06-08-2024NSE:NIFTY
Nifty has rebounded from 23,890 to 24,350, a gain of approximately 450 points.
However, upon applying the Fibonacci retracement from 25,078 to 23,893, we observe that the 0.38 Fibonacci level coincides with the 24,350 zone.
Notably, Nifty encountered selling pressure once again at this level.
The market is currently experiencing significant selling pressure and a general sense of weakness.
At present, there are two potential outcomes.
1.
If Nifty decisively close below the 23890 zone, we can anticipate a potential decline towards the 23200 level in the near future.
2.
In the event that the Nifty holds the 23890 zone and establishes a double bottom formation, there is a possibility of a market reversal or a range-bound movement between the 24400 and 23900 zones.
Always respect SL & position sizing
===================
Trade Secrets By Pratik
===================
Disclaimer
Not SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any
decisions
you take on basis of our research
Bata - Long SetupIt is clear from the chart that the price is at the long-time support level of around 1550. if bounces back from this level, may go into a bullish phase. That may carry the price to 1720/1770 and even more.
Long time target seems around 2100.
This setup fails if the price trades below 1515 for a couple of days. Unless it comes above 1550 again. This point in time is good for this buy setup in terms of risk-reward ratio.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
CENTURYPLY LTD - 40% Upside Potential Price Analysis & Overview:
1. Price stricture shift from bearish to bullish.
2. Bouncing from demand zone, expecting to move higher to form a higher high.
3. Earnings are good.
Trade Plan:
1. RRR is favourable.
2. Entry = CMP 740
SL = 10%
TP = 1:3,1:4
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
MARKET CRASHNSE:NIFTY TVC:DJI
US market 1929 vs 2024
Is it just coincidence or is history going to repeat itself ??
Great Depression, was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
Similarities and differences between the microeconomic conditions during the start of the 1929 market crash and those in 2024.
Similarities
Credit Expansion and Financial Innovation:
1929: The 1920s saw significant credit expansion, with many Americans buying stocks on margin (borrowing money to buy stocks), leading to inflated stock prices.
2024: Similarly, the 2020s have seen rapid credit expansion globally, with innovations in financial products and increased borrowing, contributing to elevated asset prices1.
High Leverage:
1929: High leverage was prevalent, particularly in the stock market, where investors borrowed heavily to invest.
2024: High leverage is also a concern today, not just in stock markets but across various sectors, including real estate and corporate debt1.
Financial Sector Vulnerabilities:
1929: The financial sector was vulnerable due to speculative investments and lack of regulation, leading to bank failures.
2024: Today’s financial sector, while more regulated, still faces vulnerabilities from high leverage and interconnected global markets1.
Economic Contraction:
1929: The U.S. experienced a severe economic contraction, leading to the Great Depression.
2024: There are concerns about economic contraction due to various factors, including high inflation, geopolitical tensions, and slowing growth in major economies.
Differences
Policy Responses:
1929: The policy response was slow and inadequate. The Federal Reserve’s actions were limited, and there was a lack of coordinated fiscal policy.
2024: Today’s policy responses are much more proactive. Central banks and governments have implemented significant monetary and fiscal measures to stabilize economies.
Globalization:
1929: The global economy was less interconnected, with the U.S. being the primary driver of the economic downturn.
2024: The global economy is highly interconnected, meaning economic issues in one region can quickly spread to others. This interconnectedness also allows for coordinated policy responses.
Technological Advancements:
1929: Technological advancements were limited, affecting communication and the speed of economic activities.
2024: Technological advancements have transformed economies, enabling faster communication, better data analysis, and more efficient markets1.
Regulatory Environment:
1929: There was minimal regulation of financial markets, contributing to speculative bubbles and bank failures.
2024: The regulatory environment is much stricter, with measures in place to prevent excessive risk-taking and ensure financial stability.
Conclusion
While there are some striking similarities between the microeconomic conditions of 1929 and 2024, particularly in terms of credit expansion, high leverage, and financial sector vulnerabilities, the differences in policy responses, globalization, technological advancements, and regulatory environments are significant. These differences suggest that while there are risks, the tools available to manage economic downturns are more robust today.
========================
Trade Secrets By Pratik
========================
Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on the basis of our research.
Ambika Cotton Mills Ltd | A Trending sectorAmbika Cotton Mills Ltd | A Trending sector
Ambika Cotton Mills is engaged in manufacturing and selling specialty cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.
Market Cap =₹ 1,014 Cr. ROCE=20.7 % ROE=14.5 % Debt to equity=0.00
Promoter holding =50.2 % Profit Var 3Yrs=28.9 % Sales growth 3Years=10.8 %
Return on assets=12.4 %
company s almost debt free and having good sales and profit growth.
chart shows rounding bottom and consolidation period over .
its time to up move in momentum side.
friends I am not SEBI registered analysis. this is just education purpose only.
before investing please do your research.
if you like my simple way to teach technical and fundamental analysis than like boost and follow for more.
thanks for supporting me.
Wipro Ltd | A Strong IT Momentum StockWipro Ltd | A Strong IT Momentum Stock
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company
Financial: strong
Market Cap = 2,41,673 Cr. ROCE = 17.7 % ROE b= 15.9 %
Debt to equity = 0.26 Promoter holding =72.9 % Quick ratio = 2.28
Current ratio = 2.29 Piotroski score = 5.00 Profit Var 3Yrs= 5.30 %
Sales growth 3Years = 14.0 % Return on assets = 10.1 %
you Can see clearly rounding bottom create and good consolidation already done since 2 years.
stock is at good price. also feb retracement is also support in level.
moreover all IT sector is ready become rocket bcz USA market is also in positive trend.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Dr Lal Pathlabs Ltd| Diagnostics momentum StocksDr Lal Pathlabs Ltd| Diagnostics momentum Stocks
Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It has an integrated nationwide network, where patients and healthcare providers are offered a broad range of diagnostic and related healthcare tests and services .
Financial: Strong
Market Cap = 21,675 Cr. ROCE = 18.2 % ROE = 15.0 %
Debt to equity =0.17 Promoter holding = 54.6 % Piotroski score = 6.00
Sales growth 3Years = 14.9 % Profit Var 3Yrs = 1.81 % Return on assets = 10.2 %
Dr lal is now in strong momentum diagnostics stock. you can add in your watchlist and research on it.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Paradeep Phosphates Ltd | AGRI Momentum StockParadeep Phosphates Ltd | AGRI Momentum Stock
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company.
Financial: strong
Market Cap = 6,264 Cr. Current Price = 76.8 Face Value = 10.0
ROCE = 11.0 % ROE = 11.0 % Debt to equity =1.14
Promoter holding = 56.1 % Quick ratio = 0.71 Current ratio = 1.06
Profit Var 3Yrs = 17.4 % Sales growth 3Years = 47.1 % Return on assets =3.38 %
here I discuss trending sector stock paradeep phosphates. I am technically bullish in this chart. stock is entered in unterritorial chart pattern. now we have to see how it works.
as well as stock financial is also good. And coming election would be also plus point for this agri sector stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
SWING IDEA FOR MOMENTUM IT STOCK|CYBERTECHCybertech Systems & Software Ltd
Cybertech Systems and Software Ltd provides IT services to customers primarily in USA and India with focus on next-generation geospatial, networking and enterprise It solutions. It offers services that span across all major industries including government, education, utilities, public safety & homeland defence, tech, telecom, retail, healthcare and manufacturinG.
Fundamental: strong
this stock is now in momentum as well as fundamentally strong. keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas. technically bullish
Thanks and comment freely
RUBY MILLS - Swing Trade Analysis - 3rd August #stocksRUBY MILLS (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Zone Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
IDFC FIRST BANK on wait and watch modeIDFC FIRST BANK CMP 74.21 - 25 % dip from top .As per fib retracement levels IDFC FIRST BANK Trading below 0.5 level ,75.5 is a support , and price is trading below 75.5
as per my analysis Uptrend will resume when price move above 77 or 80. could be safe entry.
Please Note its my personal view its not a Buy or Sell recommendation
GICRE - Swing Trade Analysis - 28th July #stocksGICRE (1W TF) - Swing Trade Analysis given on 28th July, 2024
Pattern: CUP & HANDLE SETUP
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes - Done ✓
- Weekly Resistance Trendline Breakout - In Progress
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
PAYTM LONG TERM INVESTING IDEAPAYTM on weekly chart has now stopped falling further and now consolidating on the lower levels.
Current price level is good to enter and we can add further at around 450 level.
Stop loss can be put around 400 or trail using 20/50 EMA.
This is a LONG term and a bit risky bet but if you have faith in paytm's fundamentals these are really good levels ;)
ADANI ENERGY SOLUTIONS - Swing Trade Analysis - 30th July #stockADANI ENERGY SOLUTIONS (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX SETUP
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer