Copper views -Dt-21/09/2023As per my views , i can see copper in down trend, which it could go 700.
In higher time frame it is visible "Head and Shoulder pattern".
Trendpattern
Triangle pattern breakout in CUMMINSINDCUMMINS INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1805+.
✅Can Go Long in this stock by placing a stop loss below 1725-.
Falling Wedge Pattern Reversal in AMBUJACEMAMBUJA CEMENT LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Falling Wedge Pattern.
📊 It can give movement upto the Reversal target of Above 445+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 492+.
📊 Can Go Long in this stock by placing stop loss below 412- or last swing Low.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/09/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 45450 level then possible downside rally of 400-500 points upto 45050 Level. And this rally can extend for another 400 points if it gives breakdown of 44950 level. Any Major upside only expected in case banknifty starts trading above 45550 level. also possible Reversal upside 45050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 45550 Level. And this rally can extend for another 400 points if it gives breakdown of 45450 level. Any Major upside only expected in case banknifty starts trading above 46050 level.
Falling Wedge Pattern breakout in ICICIPRULIicici prudential life insurance company
Key highlights: 💡⚡
✅On 1Week Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 785+.
✅Can Go Long in this stock by placing a stop loss below 430-.
Pattern Formation in Bank Nifty!- A bullish Flag formation on hourly chart, Trend is also looking strong as buyers are coming on every dip.
- Support Level keep eyes on 45800 to 45850
- Resistance on 46000 to 46100 Also its a round level most of the seller may get active
- Last friday also was a trending day let see for tomorrow might we can get good Entry & Exit
Note : Do your own analysis before making any trade.
YESBANK: Ascending ChannelYESBANK is stuck in a ascending channel for 6 months now. It has also tried to break the upside on 18.6 but failed to do so effectively. Bounce is expected from support. Also poised to break inverted H&S when crosses 18.6 with good volume.
Ascending Triangle Pattern Reversal in EICHERMOTEICHER MOTORS LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 3460+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 3740+.
📊 Can Go Long in this stock by placing stop loss below 3255- or last swing Low.
Reversal Double Top pattern in TITANTITAN COMPANY LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of Double Top Pattern.
📈 It can give movement upto the Reversal Final target of Below 2880-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 2550-.
📈 Can Go short in this stock by placing a stop loss Above 3355+.
CRYPTO: SKL/USDT.P - Bullish.SKL/USDT.P is on bullish view, there is buying pressure and make a big move.
Analyse before taking any position.
I will take position if it crosses $0.02361 and place a stoploss at $0.023
Astral ltd. price action.Astral Ltd. is facing upper side trend line resistance near 2050. It was rejected many time from this level. It may test 1750 and next 1650 soon. Next up-move will come when it close above 2060.
Bank Nifty on Monday Bullish or BearishHello Friends,
On Friday after 2nd half strong buying seen in overall indices. It looks like bullish trend started as mostly stock seen in green colour.
But i do not think of like that and i'm sure it was not trend change Because if we see all technical data and indicator except Friday buying , There is still trend for bank nifty is Bearish .
Let's see why
1. $ INDEX is trading above 104+ and looks strong
2. Crudeoil is trading above 7000
3. Bank nifty is trading within range lower low and higher low
--- in this range it has just touched trend line and taken resistance and seen seller at particular level which indicates it will continue old trend.
--- some of banks are trading near 200 EMA or below it.
--- Fed rate result will going to release soon.
Following this points, it looks it will be bearish continue. On Monday it may open gap up or near 44500 but it may fall like Wednesday ( history repeats itself ).
Okay friends this was my analysis and point of view for monday bank nifty.
Do your own analysis and trade on your own risk.
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Thank you.
Head & Shoulder pattern breakout in GODREJCPGODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1085+.
✅Can Go Long in this stock by placing a stop loss below 1025-.
Double Bottom pattern breakout in LAURUSLABSLAURUS LABS
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Double Bottom Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 410+.
✅Can Go Long in this stock by placing a stop loss below 390-.
Ascending Triangle pattern breakout in LTTSL & T TECHNOLOGY SERV
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4500+.
✅Can Go short in this stock by placing a stop loss below 4260-.
Can we see more fall in NIFTY ?Hey Hardworking traders! Here's a quick update on the Nifty 50 index's recent journey and its future outlook-
Nifty highlights:
>>So, It has been a roller coaster ride for NIFTY, It has witnessed multiple obstacles, Be it after Covid affects be it Russia-Ukrain war, High inflation and interest rate hike.
>>These macro incidents combined together resulted Index to stay sideways. But the game changed in June, when it broke out and nearly touched 20,000.
Current Market updates/My views
>>Right now It seems to be in a correction mode and hanging around 19300 level. "Looking at the chart, we can draw a line connecting the highest points, showing the resistance at 18800. Also, using the pivot point indicator, we identify a support level at 18800.
>> Do not get worried here, Think like this way, Every time an Index or a stock gives breakout then it suppose to retrace all the way to its Breakout level, which makes its breakout more prominent.
>>Though the numbers are dropping, does not mean the celebration is over. Track closely how it behaves near the new support area and plane your Trades accordingly. If it retraces to Breakout level I am going to aggregate more.
Keep in mind, Technical helps but it is just one part of the equation. So, stay updated with the world news, Big Financial decisions and market sentiments to understand the complete picture.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
Bank Nifty - Elliott Wave - 21-Feb-23Disclaimer.
I am not SEBI registered analyst.
My studies are for educational purposes only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kind of your profits and your losses.
Channel PatternThe channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits.
Script = BalkrishnaInd
Time Frame = 1 Day
TREND LINE SUPPORT FOLLOWING TREND LINE MUST GODREJ PRODUCT SUPPORTING A TREND LINE KEEP UPDATE WITH TREND LINE GET CHANCE ENTRY LEVELS.980 HAS BEEN TAKE SUPORT FOR THE CHART.
NO RECOMMONDATION REGADING BUY AND SELL
TAKE OWN STUDY AND FOLLOW US
Godrej Consumer Q1 FY24 Highlights (Consolidated, YoY) Operating profit jumped 28% to Rs 681.83 crore (Bloomberg estimate: Rs 685.51 crore). Margin expanded to 19.8% from 17% due to easing of input inflation (Bloomberg estimate: 19.7%).
Godrej Consumer Q1 FY24 Highlights
(Consolidated, YoY) Operating profit jumped 28% to Rs 681.83 crore (Bloomberg estimate: Rs 685.51 crore). Margin expanded to 19.8% from 17% due to easing of input inflation (Bloomberg estimate: 19.7%).
Advertisement spends, as a percentage of sales, stood at 9.3%, up 59% year-on-year and 42.7% over the previous quarter to Rs 320.39 crore. India business sales grew by 9% to Rs 2,005.48 crore led by volume growth of 12%.
Bullish flag pattern Reversal in PERSISTENTPERSISTENT SYSTEM
Key highlights: 💡⚡
📈On 1 DAY Time Frame Stock Showing Reversal of Bullish Flag Pattern .
📈 It can give movement upto the Reversal Final target of above 5095+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 6385+.
📈 Can Go short in this stock by placing a stop loss below 4325-.
INDIACEM Bullish Breakout momentum Hello friends,
Here is another stock is about to give good momentum.
It is already given breakout and indicator is showing it is going to move up side strong direction.
So we can take momentum opportunity in this stock.
Either can enter with partial amount and wait for small discount price Or
You can enter with full position.
Its near 240 right now it can confirm breakout and point to 235 around
Entry can be 235 - 240
Target can be 280 or ups to you.
As this is only my analysis / point of view for this stock. So do your own analysis for this stock and take position on your own risk.
*i am not suggesting for any stock, so take risk on your own.
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Thank you.
NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?Timeframe: 30 min
Brief analysis:
HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ .
In-depth analysis:
NSE HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1.
Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold.
Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e.
Target measurements:
100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212.
50% Fibonacci extension of wave 1 through 3rd wave at 3261.
Nearby high of wave B at 3167.
We will update further information soon.
