Tech Mahindra Bullish Bias Set UpConsolidation Breakout on charts
The stock has been consolidating for a while
Breakout after closing from Box
Target 1500s
Stop Loss 1075
Buy above 1290 absolute conviction
Techincalanalysis
Nifty 50: Tug of war. Are Bears losing?? 19300 level proved to be a strong support. After first 15 mins of selling in the market, we saw buying in the market.
whole day we saw Bulls stepping in at every level (350/400).
Although it is forming a strong Daily candle, we can't be so sure that it will resume Bullish on upcoming days.
This move back to 19420 might just be a pullback and retest of this level before resuming a down move.
16th august will be a deciding day. if market will manage to do a upmove and close strongly above atleast 560, we can be sure to see a continuation of upmove.
In case the market will open weak and close below 300, it will reassure us that bears are strong.
Right now i am closing the charts with a neutral view. Push-Pull is going on at the moment.
XAUUSD : Golden forecast for a new weekGold prices eased slightly during the Asian session on Monday and fell to the $1,911-$1,910 zone, or the lowest since July 7 in the past hour. However, the intraday downtrend lacks further selling, warranting caution for the strong bearish traders and positioning for the recent extension of the bearish trajectory witnessed in about the past three weeks.
The Federal Reserve's (Fed) outlook for further policy tightening should lift the US Dollar to fresh six-week highs and turn out to be a major factor acting as a headwind for the US Dollar. Gold price does not yield interest. Bets were reaffirmed by the US Producer Price Index (PPI) on Friday, which rose slightly more than expected in July.
just an idea on amaron. i will publish a detailed view on coming days .
This is not analysed in a detailed manner's.
if anybody wish to accumulate in slow manners it can be done.
I'm just sharing a small piece of view for a Long side.
a Detailed view will be published soon.
Powergrid - Looking to Break freeNSE:POWERGRID CMP: 231
SL: 216
Initial Target: 248(ATH)
If holds and crosses, 248 then target is open.
RR(For first target): 1.14:1 (for target 248). Beyond that it improves
Reason:
1 - CNXINFRA looks good. IF this breaks out, then this will perform beautifully.
2 - Stock looks like breaking out of consolidation of year long consolidation from what could possibly be a flag and pole pattern.
3 - Possibly could be Break Out of Flag & Pole ( On Weekly)
4 - Above all moving averages on Daily and Weekly
5 - RSI is trending up
6 - MACD looks positive.
Disclaimer: The buy and sell recommendations provided in this report are for informational purposes only and do not constitute financial advice. The information contained in this report has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed in this report are subject to change without notice.
Trading stocks involves substantial risk, including the loss of all or a portion of your investment. Before making any investment decisions, you should carefully consider your financial objectives, risk tolerance, and financial situation, and consult with a financial advisor if necessary.
The information and recommendations provided in this report are not intended to be used as the sole basis for making investment decisions. You should conduct your own research and analysis, and consult with a financial advisor before making any investment decisions.
The author and publisher of this report are not responsible for any losses or damages arising from the use of this information. By accessing this report, you agree to hold the author and publisher harmless from any losses or damages arising from the use of this information.
Additionally, I welcome any corrections or feedback on this analysis. Please feel free to share your thoughts and perspectives in the comments section.
I hope this helps, and best of luck with your technical analysis!
Union Bank - Bullish Signal with Inverted Head and Shoulders PatStock Name: Union Bank
View: Bullish
Analysis :
Union Bank's price action suggests a potential bullish scenario based on the following technical factors:
1 - Inverted Head and Shoulders Pattern: On the daily time frame, Union Bank is forming an inverted head and shoulders pattern, which is a classic reversal pattern. This pattern typically indicates a potential upward move after a downtrend or consolidation.
2 - Continuation Pattern: The inverted head and shoulders pattern is occurring within the context of a primary uptrend, indicating that this pattern might act as a continuation pattern, further supporting the bullish view.
3 - Weekly Consolidation: The stock is currently consolidating on the weekly time frame after a previous upward movement. This consolidation phase could be a sign of temporary price stability before another potential leg up.
4 - Market Context: CNXPSUBANK is undergoing a multi-year consolidation, which, when broken, could have a positive impact on Union Bank's performance, potentially fueling a significant rally.
Trade Plan:
Based on the analysis, here is a potential trade plan:
Entry : Consider entering a long position if Union Bank's price breaks above the horizontal resistance level ranging from 92.3 to 93.
Stop Loss (SL) : Place a stop loss order just below the recent swing low at 89. This offers a risk management strategy to limit potential losses.
SL Percentage : The stop loss represents a 3.5% decline from the entry point, providing a buffer against potential market volatility.
Position Sizing : For risk management, allocate a position size that corresponds to a 1% risk of your total capital. This could amount to approximately 28% of your total capital.
Max Position Size : However, it's advisable to cap the maximum position size at 25% of your total capital. This adjustment not only aligns with prudent risk management practices but also helps reduce the overall risk exposure.
Disclaimer :
Trading and investing in the stock market carry inherent risks. This analysis is for informational purposes only and should not be considered financial advice. Prior to making any trading or investment decisions, it is recommended to conduct thorough research and consult with a certified financial advisor.
Please note that the stock market's unpredictability and past performance not indicating future results emphasize its inherent uncertainty. Trading entails substantial risk, including potential capital loss. This analysis focuses exclusively on technical factors and does not account for fundamental or external market influences. Prior to making any trading decisions, conducting thorough research and seeking advice from qualified financial professionals is advised.
Remember, your decisions solely bear consequences, and you are fully accountable for your trading outcomes. Approach decisions with caution and thorough consideration.
This analysis and disclaimer are furnished solely for educational and informational purposes. It must not be construed as financial advice. Trading encompasses risks, and it is imperative to comprehensively comprehend these risks before making any trading determinations.
#StockAnalysis #TechnicalAnalysis #TradingIdeas #BullishSignal #InvertedHeadAndShoulders #MarketAnalysis #FinancialMarkets #TradingOpportunity #InvestmentStrategy #RiskManagement #TradingViewAnalysis
What is left after the gold CPI news?Gold prices make a modest recovery from July 7 lows around the $1911-$1910 region set during the Asian session this Friday and, for now, appear to have broken a four-day losing streak. price. XAU/USD is now trading around the $1,915-$1.916 region, up more than 0.10% on the day, despite a lack of bullish confidence and remains vulnerable.
The US dollar (USD) is having a hard time capitalizing on a solid overnight bounce from over-week lows on weaker consumer inflation figures from the United States (USD) and a pullback. from the vicinity of the monthly high. The softer greenback is seen as the main driver of money flow towards the US dollar-denominated Gold price
GOLD 9/8 : What will happen to the gold CPI news?Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive.
A generally softer tone around the equity markets, coupled with a modest drop in the US Dollar (USD), turned out to be the main support factor for Gold prices. Weaker China trade data released on Tuesday raised concerns about a worsening outlook for the world's second-largest economy. In addition, Moody's downgraded the debt ratings of a number of US banks and reduced investor demand for riskier assets. Anti-risk money flows tend to favor safe-haven precious metals.
XAUUSD 8/9 : Today's CPI ForecastXAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July.
Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to more normalcy and while looking at the possibility of a soft landing, he added that supply chain problems are recovering. Furthermore, he said the Fed can be "patient" and keep rates steady, though he made clear September's decision will depend on upcoming data.
XAUUSD 10/8 : CPI is approachingGold (XAU/USD) prices fell to a one-month low as they fell to $1,914 in the early hours of the Asian session on Thursday. With that said, the precious metal doesn't welcome any positive news from China, or a drop in the US Dollar ahead of US inflation data. The reasons could be related to market concerns about the health of the banking industry and the global economy.
If the US inflation data turns upbeat, Gold Price could soon breach the key support level and slide below the $1,900 support while the upbeat outcome could trigger a corrective rally. correction has been long awaited.
INDIA CEMENT STOCK NSE:INDIACEM
INDIA CEMENT Stock is trading nearby resistance zone. entry point is close above the price 218.50 rupees.
Target is 230 to 235 rupees.
Stop loss set by below the support line.
daily frame nifty index is now at a crucial make or break area
index is trading above 20 ema however the setup is still of confusion
the resistance emerging shows like will it be a retracement or will it be a breakdown
9 Aug to next Month By Professional BankNifty Option Players🤑✔#We Make Only Profit.
Live market at 8 Aug we see the Inverted head and shoulder everyone thinking is same everyone take call or short Put (Me also)
But enter when market Break 45100 line and Green Candle close at 15 min time Frame So we can achieve 45400 Target Easily.
But 2nd Target(45700) is Not Sure to Hold or Enter because Market is Going Down Side for long time at least more then 1 month so i m very happy to buy put when Good down trend is start .
Q- why market go down side i know lot of people think ?
Ans - But if you watch 4 hour or 1 day Chat you see head and shoulder pattern that mean if market go down after touch 45400 or 45700 and Break 44500 with Big Red Candle and close also You can enter in Put side or Sell Call.
You can achieve More then 1600+ Point Easily in Banknifty Downside Target is 42980.
But you can Exit if you see your Expire is close or Exit 43300 at-least .
ALL THE BEST EVERYONE I HOPE YOU LIKE MY VIDEO🙏😃
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Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
NIFTY Analysis for Wednesday.Market went sideways. It was a shit show for options buyers like me. Well, Hoping for a good day tomorrow. Cheers!
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
buy point with sumitomo.we may accumulate at this point.
with 381 as stop loss we can go to sail with the tide.
Huge Breakout Seen in Jubilant Foodworks Ltd || Now it will fly.Jubilant FoodWorks Limited (JFL/Company) is part of the Jubilant Bhartia Group and is one of the India’s largest food service Company. The Company holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin' Donuts addressing two different food market segments. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment.
Market Cap
₹ 34,124 Cr.
Current Price
₹ 517
High / Low
₹ 652 / 412
Stock P/E
127
Book Value
₹ 30.9
Dividend Yield
0.23 %
ROCE
16.0 %
ROE
17.7 %
Face Value
₹ 2.00
Debt
₹ 2,554 Cr.
EPS
₹ 4.08
PEG Ratio
10.3
Promoter holding
41.9 %
Intrinsic Value
₹ 93.4
Pledged percentage
0.63 %
EVEBITDA
32.6
Jubilant Food works Ltd stock was in Accumulation zone since Mid of January. Earlier we have seen stock has corrected almost 50%. But now it has given a indication that it is ready to fly in blue sky. Now sky is the only limit for this. Off course there is many hurdles in between but as this is kind of investment stock then you should not worry about. All parameters looks promising for this ticker.
Some Positive Technical Factor about this Ticker:-
Price is above 200 EMA
We have seen Accumulation zone breakout
Good Volume
Price is sustaining above breakout trendline
MACD and RSI has given bullish crossover (I have not placed as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Alternative waveA simple alternative correction wave.
We can consider the X wave as triangle or flat correction.
Impulse wave formation RBL bankCurrently it seems to be in 3rd wave. We have to wait and watch the wave formation.
Further details explained in the above chart.
RELIANCE UPSIDE MOVEMENT --- LONG With strong volumes in the green candles, Reliance Industries displays the bullish falling wedge pattern. In the upcoming days, we will likely see a good breakout in the 2525–2530 range, and in the coming weeks, we can forecast a rise upwards of more than 2600.
#BANKNIFTY 4 AUG By Professional Option Trader🤑💲💲💸💰#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
Option Buying In Intraday By Big BULL🤑#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
IRCTC Very SHORT TERM TARGET - 670 (POTENTIAL TO GO MORE UPSIDE)IRCTC has been going upward over the last few days, and with lots of activity, it produced a positive breakout at the 650 level. In coming days the charts may create a Cup and Handle pattern, and if an upside breakout occurs, the next target is 690, with support to Momentum and Indicators.
