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Trading Opportunities for W/B 02-08-21TRADING WATCHLIST FOR W/B 02-08-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the script name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favourite indicators and check it out if any of these fit your trade plan. Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed. ON MY WATCHLIST FOR W/B 02-08-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME CIPLA COAL INDIA HDFC BANK HEROMOTOCO TCS AURO PHARMA CADILA CHALET GLENMARK JUBILANT PHARMA L&TFH VOLTAS SECTORS LOOKING GOOD- I could not find anything interesting here as all the sectors seem to be already up so either a fresh breakout above 16000 or below 15500 may give some opportunities at a sector level. During the week, the universe of my stock search is limited to Nifty, Banknifty, and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well. Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. There is also a video link available in the article. It is related to my son’s video content where he does a weekly wrap-up. You may like to watch the video as well. The contents are different and not always the same. I hope you are able to make the most of this new initiative. Thank you for your time and Happy Learning, Umesh 25-07-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
Trading Opportunities for W/B 26-7-21TRADING WATCHLIST FOR W/B 26-07-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the script name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan. Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed. ON MY WATCHLIST FOR 26-07-21 to 30-07-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME KOTAK BANK ONGC TCS SIEMENS INOX LEISURE JUBILANT PHARMA L&TFH LA OPALA LIC HOUSING SADBHAV TWL SECTORS LOOKING GOOD- I could not find anything interesting here as all the sectors seem to be already up so either a fresh breakout above 16000 or below 15500 may give some opportunities at a sector level. During the week, the universe of my stock search is limited to Nifty, Banknifty, and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well. Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. There is also a video link available in the article. It is related to my son’s video content where he does a weekly wrap-up. You may like to watch the video as well. The contents are different and not always the same. I hope you are able to make the most of this new initiative. Thank you for your time and Happy Learning, Umesh 25-07-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
TCS Entering in 5th Wave MoveAs per the Analysis, TCS has completed the Complex correction of the 4th Wave & May enter into the 5th Wave. SO one can take a position at 3286 medians of the previous big red candle & low of wave E as STop loss. Cash position for target 4000. Technical Indicator Dow Theory- HH & LH Pattern- Bullish Bollinger Bands- UP Tick RSI- Above 40 - Support to Bullish MACD- Bearish Now but above 3286 it will Bullish & Show Uptick sign. CHart Pattern- Flag & Pole in Lower time Frame- Good for Bullish momentum
NSE:TCSLong
by saurabhportblair899
Late night Technical analysis talk - 20 Stocks in 20 minsTrading ideology and some important key points to rem : ( Have a good trading session guys ) Sail trade: let it break 1hr Trianglepattern to initiate a good buy by respecting risk and holding it if it converts into a winning trade Tata steel: Gave a breakout on 25 June on D chart and retest on 2 July then broke the major hurdle of 1180 levels, on 1hr a good long trade can be initiated there until and unless it is above 1230 levels it's bullish and might rally for higher levels, let it create a good pattern or structure above 1230 to make it tradable Bajaj Auto: Breakout of symmetrical triangle pattern for downside on 8 July led the trigger of a great fall, now it is creating a channel pattern on 1hr that to a downtrend parallel channel Just dial: after a super move in the north direction the stock is resting on a good trendline, lets see if it creates a bullish green bar on D chart here, that would be our trade activation JYOTHI LABS : Big broadening pattern, inside it gave a wedge pattern bullish side breakout with 3% candle small risk and hige rewards achieved on this trade, now touched the upper side of the broadening pattern and consolidating there on 1hr it is making a really nice tradable pattern, if broken a trade can be planned out and trade with proper risk management rules Motheron sumi : Stock is sideways on D chart btw the levels of 230 and 245 but also making a good trendline on 1hr that if broken with a close above 245 can be a really good long for higher levels, let it break first then will trade our plan TCS : Multiple times taking support from the one good supportive trendline, again the stock is there creating a fresh moment for upside, trade is already activated here on 1hr TF with 2% risk and 6% rewards TechM : gave a breakout of a very big broadening pattern also strong on weekly charts too, one can create a trade here only but the risk is 5.5% so rewards can be 6% or above, trade as per :) Bandhan bank : The banking sector is a weak sector for quite a while now and Bandhan bank is just following them, on 21 June it gave a good breakout with volume and power but again came back to the price of 300, seems quite bearish Zeel is creating a good symmetrical triangle, I would wait for the stock to come to a supportive trendline and let it make a bullish candle there or create a pattern thereon 1hr to trade it for the next leg of the symmetrical triangle GSPL: Quite bullish stock multiple breakouts and retest zones created in the video too make you understand its bullishness, also on 1hr it is making a handsome pattern to trade on if broken with a good bullish candle, one should go long as per there setup and risk system USHAMART : provided analysis yesterday, just a follow up on the idea that it gave a good breakout in today's running market and created a small retest zone there only then a good rally of 7% from the buy point, also closed strong on the D chart APOLLO : It has given a good breakout of 20% on 29 April, mostly untradale to a lot of people but a stock that must be in your wathc list :) as after that reversal 20% candle, it is now making a good paralle channel on D chart that it is following judisicously PIIND : Gave a superb breakout on 6/7 april on 1hr and 1D both, a pattern also called as inverted HnS, very effective bullish pattern, now the stock has rallied almsot 40% after it and respecting a good supportive trendline, it has touched it but with a big red candle, let it make a small but bullish candle on D cahart first, then we will trade our plan Apollotyres : Creating a good symmetrical traignle on D chart lets see if it can break it then will trade our plan of breakout trading with proper risk system ACC : Gave a good move after the trendline tested again and a monthly strong bar too can be seen in ACC keep in watchlist HAL : a good pattern on D chart of triangle type broken some days back and now retested too, but the candle is not that bullish still a trade can be on 1hr, but let it make a good pattern and structure above 1050 levels
NSE:HINDZINCLong
by Averoy_Apoorv_Analysis
22
Will Nifty Succumb to 15835-50 again?NIFTY 50 EOD ANALYSIS -22-07-21 IN SUMMARY Open / High / Low / Close 15736.6 / 15834.8 / 15726.4 / 15824.05 Trading Range Low to High: 98 points Likely Max Realistic Opportunity @ 50%: 49 points India VIX: 11.89 / -9.99% FII DII activities: +700 Crores CHART BASED CONCLUSIONS A 202-point recovery reads interesting. However, in effect, we have ended the day around the high of 19-7-21 with the only change that close is higher than that of 19-7. A strong gap=up opening with a steady rise and the usual expiry type of nosedive and then recovery and closed just below the day’s high and the notorious 15835 levels All weak hands have been shaken out. But the short-term bears have not yet given up. So it is important to see where the weekly close is. TOP 3 LOSERS HINDUSTAN UNILEVER - The FMCG giant made a move that covered the last several days’ range and fell sharply from the high of 2508 to end near day low of 2378. This is a big move ahead of its results. Looks like one more company shaking off expectations and bringing the price to the real level. ASIAN PAINTS - The scrip that emerged as a strong leader on a red day 20-7-21, could not even test the close of that day and fell. The momentum is still high so this may be the usual profit booking. BAJAJ AUTO - Somewhat similar to HUL, but it closed better than HUL and is still within the zone, but the momentum has died down. So it will need a recharge of batteries before it can move up further. It may also get attracted towards 200 DMA which is around 3700 should bearishness prevail. TOP 3 GAINERS TECHM - A towering move by the IT major which took support from its 20 DMA rose after making consolidation every few days. This is a nice move with the momentum catching up above 60 RSI. JSW STEEL - A move like today was necessary for it to move out of the wall like resistance created by 50 DMA which is now likely to act as a support. RSI is below 60 so the scrip may face some headwinds in the coming sessions. BAJAJ FINANCE - A classic 50 DMA bounce after its results and the move is somewhat similar to JSW STEEL in the sense that it still has some headwinds ahead and RSI still below 60. POSITIVES INFOSYS, ICICI BANK, RELIANCE & HDFC took it upon themselves to bring the index above 15800 and close it. While INFOSYS and ICICI BANK showed strength from the open, it was RELIANCE who suddenly woke up from the slumber ahead of its results tomorrow to make all the difference and help lift Nifty after it fell in late trades on the expiry day. All key heavyweights including HDFC BANK except HINDUSTAN UNILEVER ended in non-negative itself is a big plus for the index. FII-DII net buyers +600 Crores. NEGATIVES Nifty fell in the PM session only because of Banknifty retracing more than 300 points from the day high of 34989 - a classic psycho resistance of 35000. Barring ICICI BANK, none of the heavyweight banks performed the way they should have considering the fact that there was good positive sentiment today. Banknifty yet again underperforming by almost 300+ points is going to make things hard for Nifty. TRADING RANGE FOR 22-07-21 The support line for Nifty is now moved up to 15700-750 with the resistances ar 15835-850 and above until it makes a close above 15950. 34300-3400 is now the support area for Bannifty with 35000-35200 as the resistance band. INSIGHT / OBSERVATIONS The Nifty lot size is now 50 for all FNO contracts. TCS is ready to move up but stray news re its spending a few Million USDs on marathon seems to have dampened the spirits. But this is how TCS is. It moves only when it has to and the day it moves, it does not look back. When is the biggest question? KOTAK BANK is witnessing severe pressure around 1720-25 levels and keeps getting dragged to lower levels close to 1700-1705. There is something that is not visible from the retail vision. Thank you, and Happy Money Making! Umesh 22-07-2021. P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT