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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
Morning Mantra - 17th March 2023Dear All, So, Eventually Nifty did touch the level of 16850, followed by a spectacular recovery in the second half and finally gave a closing with a beautiful doji formation , that all the bulls were looking for. But still the danger is not completely averted . So, we will have to wait for today's closing for the long term results. Besides, 17180 will be our next important level , after which we will be able to think for some more aggressive investments. Until then, stay stock specific. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Head and Shoulder Pattern 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 = Tvs motors Time Frame = 1 Day
NSE:TVSMOTORShort
by Jainshashwat
Long Godrej PropertiesGodrej Properties is look good to buy. Selling pressure is reduced from the stock. Currently Stock is taking rejection from 200 EMA and support near the 1150 price level. Currently, 1150 INR is looking for good support for the stock and in the last trading price closed crossing 30 EMA. CMP is a good price to go long in the stock because here risk-reward is favorable. As per the Fibonacci tool, we can consider 1450 INR 1st the target and 1650 INR second target.
NSE:GODREJPROPLong
by Gaurav_Kumar01
Ethereum looks really bullish wooowHELLO dear Treaders : After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish. Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart). The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700. In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!) In daily time frame, ETH can break USD 1700 and start a new bull run. The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.
BITSTAMP:ETHUSDLong
by Traderforallseasons
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