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Nifty: 29 March 2023 Expiry viewNifty - Important levels are given in the chart - Earlier when Nifty was at 17050 odd levels I had given a bearish view - Nifty is down 100 points from those levels - Explosive movement has not happened so far but for the last 2 days Nifty is opening higher around 17000; trading above 17000 for a couple of candles on 15 min chart and then giving up in the 2nd half. Is that a sign of a confident Bull or are the Bulls nervous or are the Bulls creating a trap for the Bears? Well only time can tell that. Prima facie, for Bulls to regain control Nifty needs to sustain above 17155 / 17200 odd levels. Till then Bears have the upper hand. Prima facie Expiry range for 29 Mar 23 Small Expiry range 16913 - 16991 Medium Expiry range 16874 - 17033 Broader Expiry range 16828 - 17065 For me Risk::Reward ratio not favorable to play for today's expiry. For the April series, as a risk management measure Trailing SL to 17080 (Nifty Spot levels) on closing basis for April series. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
BDL stock at cautious level.This is for your learning skills. Already in past to told your how we can avoid false break out. But not always as part of trading. So watch the BDL stock & follow below points for your education & learning. 1) Bullish Break candle at resistance area. 2) Very low volume as compare to previous High volume on bullish candles. 3) RSI not able to cross 60 levels. Daily & weekly also below 60 EMA. 4) High resistance zone near 925. So Risk to reward not good. We may be wrong but rigorously follow our trading plans to avoid loss. Hence, Point nos 2 to 4 are negative biased . So currently we must avoid buying. But if stock retest & move upward again then we can enter in the trade as re-test entries are more powerful move.
NSE:BDLShort
by Tech_stock_trader
2
FALLING KNIFE STORYHello guys here I am sharing the daily chart of Bajaj Finserv (THE GIANT) for why it falling down massively and giving one by one negative breakdowns on chart, So we can see after making a all time high touched to it's 20 day EMA taking support but gives a breakdown as closed below and started consolidation and taking support on 50 Day EMA but at the end gives another breakdown of 50 EMA and closed below after the same mentioned above it did same with 100 EMA and gives a final and major breakdown of below it's 200 EMA so by the example of this chart we can understand the behavior of falling stock no matter how good the stock is and how much strong fundamentals it is having as a part of trader we can easily avoid the setups like this one more thing by from this chart we can better understand the much importance of Moving Averages in trading because it's gonna keep us from getting trapped from a weak setup because in stocks what looks cheap is about to get more cheaper. Thank you Trading view for giving us such a wonderful platform like this from which we can share our view and idea to community maybe one can get help by this by chance #TRADINGVIEW IMAGE WITHOUT EMA FOR BETTER READING
NSE:BAJAJFINSV
by AMIT-RAJAN
4
Nifty Chart set up for Final 29 March expiry weekNifty Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels Nifty achieved it's 1st target but is struggling thereafter. In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target. On the lower side 17065 was given as lower level. Link for the idea is provided. Go ahead and click the Play button in that chart and see the magic unfold. Nifty made a high of 17205 and couldn't sustain thereafter signifying weakness of the Bulls and finally closed just a tad above 17065. Now heading in to the final week of March expiry. Nifty has managed to stay afloat so far but will the Bulls face a similar fate like Team India did against Team Australia in 3rd and final ODI. Team India looked in control of the game till 35th over but collapsed in the final overs. The Line of Resistance are packed on the upside. The Bulls are literally standing against the wall. And the Support levels are spread far across. In case Nifty breaks Below the green line of Support, the field would be wide open and Nifty target in that case could be around 16449 odd levels in coming days (Positional view)... Psychologically Nifty closing above 17155 could give some hope to Bulls. Nifty closing below 16960 would make Bulls nervous and a close below 16828 odd levels could give Bears total control. Important levels on the upside 17155 / 17233 / 17400 Important levels of the downside 16960 / 16828 / 16449 I have a Bearish view and would consider it to be invalidated if Nifty closing is above 17155 / 17233 odd levels ( you can chose your level depending on the your risk appetite) Take care & trade safely...!!! If you find the Analysis helpful do Hit the Like button and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty: Can it bounce back to 17200 - 17400 odd levelsNifty - Managing to hold above the green trendline - managing to close well above VWAP - managing to close above 16985 (Closing figure of Thursday Doji candle) On charts, these are looking like positive signs for the Index so far. Given the chart setup, We might see Nifty once again attempt to regain 17200 odd levels and thereafter 2nd target in the current setup could be around 17380 - 17458 odd levels. On data front, the Long :: Short ratio of FIIs is currently at 1::10 which is a worrying sign Given the data statistics, from Risk Management perspective - Consider the set up invalidated if Nifty closes below 16960 odd levels on daily charts. Again I would like to reiterate Focus on Managing your risk. If risk is managed, you would stay profitable. _______________________________________________________________________________________________________________ One way to manage risk is to use strategies. It would limit the profits but it can vastly improve your chances of winning trades. Earlier, on March 14, I had suggested a Short Strangle strategy for a range bound view when Nifty was at 17043 odd levels. - It had a profit potential of 170 point plus - Despite the ups and downs in Nifty, the strategy has given steady returns - Currently the strategy is in profit of 80 points. Continue to hold. _______________________________________________________________________________________________________________ Important to note: I do get my Analysis wrong. Case in point Infosys. Do find some time to read that too. It has valuable lesson for you to understand the importance of Strategies and Risk Management. If you find it helpful Do Like, Share your comments and Follow Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
2
$HEM ,major smallcap biotech play with picture perfect financialThe global biotechnology market was estimated to be worth USD 859.94 billion in 2022 and is expected to be worth around USD 1,683.52 billion by 2030, with a notable CAGR of 8.7% from 2023 to 2030. Investors should pay attention to productive small caps in the game, such as $HEM, which has shown immense growth potential in the years to come. Hemostemix, Inc. has announced good clinical trial findings for the treatment of CLI and angina, indicating that its treatments have the potential to address large unmet medical needs. The stock has risen over the barrier level and is now worth more than $0.1650. Hemostemix Inc. may be a good investment idea because it is rising in the industry with favorable outcomes and has more than 90 million outstanding shares. Hemostemix Inc. has a market capitalization of 13 million, a Beta (5Y monthly) of 0.61, and an EPS (TTM) of 0.320. By the conclusion of the 52-week period, the shares will be worth 50 cents. The price is now 0.1650. $HEM announced the sale of up to 500 five-year 6% unsecured convertible debentures ("CDs") at a price of USD $35,000 apiece. The CD TPS program's tranche 1 is designed to sell 500 units in order to raise money of up to USD $17,500,000, which may be converted into future revenue of up to USD $17,500,000. If Hemostemix Inc.'s clinical studies are successful, they acquire regulatory clearances, and they can efficiently sell their goods and therapies, they have the potential to expand. Furthermore, they have a solid management team and a board of directors composed of industry professionals that can optimize brand value. After the volatility has subsided, the shares have the potential to hit $1.
TSXV:HEM
by dasranc777
IGL stock to take long entryLong IGL above 435 levels for the target price of 455-460 . All important levels has been marked on the charts. 5 star Trading setup analysis: 1- Star- RSI taken well support at 40 levels sharp V turn. 2- Star- Resistance BO with very strong bullish candle & trading at support level. 3-Star-- After the second BO of marked resistance area well confirmation and can play trade. 4-Star-- Stock trading within channel & trading forming bullish sign from the lower channel. 5- Star-- Stock has been crossed the 50 as well as 200 EMA. All above setup is good to go for high probability long entry with good risk to reward trade but not 100% full proof .Therefore, more important this setup can also be failed. So the stop loss need to be placed well in advance to avoid any fall in the stock market. This is for your education purpose only. Learn & trade only#.
NSE:IGLLong
by Tech_stock_trader