Varthagamseivom
Bank Nifty 05/07/2024 & 06/07/2024Scenario 1:
If Bank Nifty Price Breaks 53316 and sustains this level.
Price will test the level of 54165 another 849 Points are there
Scenario 2:
If Bank Nifty Price rejectes 53316 level.
Probably the is chance for testing level of 52415 another 849 Points are there.
Bank Nifty 02/07/2024If Price rejects @ 52716, Bank Nifty will test 52168 . If the zone Breaks , Then it will test Secondary Buying Zone level of 52046.
Once it is tested the Zone 52046, there is buying Opportunity in intraday.
Expected both Bear and Bull Market on 02/07/2024 as explained in the market
JAICORP BULLISH MOVEHi Jai Corp is currently finished its triangle breakout.
It is expected to retest the resistance and rally towards 168.
Entry between 134 - 140
Target 170
Stop Loss - 126
SWOT Analysis
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STRENGTH :
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Company with high TTM EPS Growth
Good quarterly growth in the recent results
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Increasing Revenue every quarter for the past 3 quarters
Annual Net Profits improving for last 2 years
Company with Zero Promoter Pledge
Strong Momentum: Price above short, medium and long term moving averages
WEAKNESS :
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No Weakness
Opportunity :
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Positive Breakout Third Resistance ( LTP > R3)
RSI indicating price strength
High Volume, High Gain
THREATS:
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No Threats
Will Nifty form Head and Shoulder Pattern (H&S) ?Now Nifty is taking the support of previous Demand Zone.
So for it has completed Left Shoulder and Head.
Now in my view Nifty is expected to create Right shoulder
Once it formed the right shoulder & if breaks out happened ?
Another 1000 Points correction is expected.
Let see what will happen ?