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Tecnicalanalysis

Morning Mantra - 31st May 2023Dear All, So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels. Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now. Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days. However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now. Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 26th June 2023Dear All, A huge volatility in the Market, was witnessed in the last week. Where, unfortunately once again, Nifty was somehow unable to crossover the level of 18888. As a result of which, we can now observe the formation of a Dark cloud cover on the weekly chart of Nifty. Which is somehow indicating that we can get to witness some selling pressure in this week. So much so that, there’s even a probability to witness the level of 18400 , which has been a very crucial support level for Nifty, on closing basis. Therefore, tighten your seat belt and stay cautious against the volatility for this week as well, as it consists of 4 Trading days only. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Hindustan Aeronautics – Sell below 3600Technically it is forming a lower high lower low structure on a lower time frame which indicates that the stock is in downtrend and with this it is also forming head and shoulder formation with the head exactly at 2.618 fib ratio. Thus, taking a short position is more favorable than long ones due their higher probability rate for success here according to these indicators with the 14-day RSI confirming the trend. A sell position can be taken with a closing below 3600 with a Sl of 3630 and a downside target of 3530 and 3470. Confirmation from other tools like Fibonacci Retracement levels & 14-day RSI provide additional support towards my assessment being correct; suggesting further confirmation before executing the trade.
NSE:HALShort
by vedgawkar
PVR Inox- CashPVR-Inox setup for next 2 weeks in cash. Looks like Support level of PVR at around 1492-1480 is broken and the price has come for retest. Will create a short position here for target of 1380-1365 with a stop loss at 1492 . The company has weak fundamentals. The covid period has disrupt the company's earnings and booking negative profit as of now. Since PVR-Inox is the largest multiplex chain in india and the covid situation seems to getting normal, I believe the company will do better in future.
PShort
by dhruvesh71
1
Morning Mantra - 5th May 2023Dear All, So finally we had observed a very beautiful movement in Nifty on the day of weekly settlement. Wherein after 2 days, we had finally witnessed a closing of above 18200. For now, if Nifty successfully sustains above the level of 18200 on weekly closing basis then we are very positive for a new high in Nifty with the stop loss of 17800 in the coming days. Therefore, until then keep following the Cherry Picking strategy . Keep Investing! Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Inverse Head and Shoulders A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. An inverse head and shoulders pattern predicts a bearish-to-bullish trend. The neckline rests at the support or resistance lines, depending on the pattern direction. Script = Nifty Time Frame = 1Day
NSE:NIFTYLong
by Jainshashwat
Shooting Star A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short. If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle. Script = Tata Motors Time Frame = 1 Day
NSE:TMPVShort
by Jainshashwat
Morning Mantra - 23rd March 2023Dear All, After witnessing a gap up opening in Nifty yesterday, there was a hope that the Index might give us a closing of above 17180 . However, unfortunately that did not happen . Which, therefore, is a clear indication that the level of 17180 is still working as a strong Resistance for the Market.  Furthermore, we are still with our words, that aggressive buying should be avoided , until and unless Nifty gives us a closing of above 17180. As it is only after this breakout, that we can witness a significant uprise. Besides, we are still positive on the Market for the upcoming 8-9 days. So, in the meanwhile, keep following the Cherry Picking strategy with the support of 16800. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya