Nifty in bear attack.. where is the bottom ?Nifty made all time high near 26277 and from there corrective wave (a) is in progress..
yesterday close at 24819 near golden fib ratio 0.618
Upside resistance 25225.. above this level only bulls will have stregnth.
Bulls need to defend POC (power of control) at 24290 & 24090 .. act as support levels
MACD still negative indicating sell on rise mode.
Disclaimer : I am not SEBI registered.
Volumeanalysis
Grse & Mazdock: Hidden Channels Unveiled! CT Breakouts ahead ? In this video, we dive deep into the strikingly similar price structures of GRSE and Mazdock. Both stocks are navigating a hidden parallel channel, with a recent breakout of a key counter trendline. GRSE is showing trendline support, despite making slightly lower lows, while volumes across both stocks suggest potential for bigger moves. Watch closely as we map out potential pathways for future price action setups. Keep these stocks on your radar and let's revisit after the breakout!
Morepen Lab - Bullish Flag and Fibonacci RetracementMorepen Lab has formed a bullish flag pattern, and today it has successfully broken out.
The price has retested the Fibonacci level at 38, where it formed a bullish piercing pattern, signaling potential upside momentum.
Price take support of 50 period EMA.
Additionally, this level coincides with a significant demand zone on the chart, suggesting strong buying interest. Keep an eye on this stock for further upward movement
Volume Spurt and Crossing Key Levels in Parallel ChannelNSE:WESTLIFE is Crossing Major Key Levels on a Daily Time Frame in a Parallel Channel with a Volume Spurt Today. A close above 960 will take it to 1025 Levels. Keep a Watch.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Amara Raja ( ARE_M) - A Low Volume Pullback till 21 WEMAA MEDIUM TO LONG TERM BET.
Important levels to watch here. Pullback till 21 EMA on weekly basis. Closing around here would mean that supply getting absorbed & this should be ready for its upward journey.
- BESS Theme
- Sector has huge tailwind.
- Government & private capex both playing a huge role.
Rounding Bottom in Rising Channel NSE:POWERGRID is Making a Rounding Bottom near its ATH in a Rising Channel giving Respect to 100 EMA with Heavy Volumes once breaking it, it will continue its uptrend Further ahead in days to come. Keep on Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Force Motors: A Technical and Fundamental Play in Demand ZoneWelcome traders! Today, we're diving deep into Force Motors, a stock currently sitting in a significant demand zone. Let’s break down the technical and fundamental aspects that make this stock an interesting opportunity.
Monthly and Weekly Demand Zones:
When we look at the monthly chart , Force Motors is currently trading in a strong Rally Base Rally (RBR) demand zone . This zone is a crucial area where price often finds support and can lead to a bounce back.
If we zoom into the weekly chart , we notice that the price has already reacted from a weekly RBR demand zone nested inside the monthly zone. Last week’s candle formation is notable because it’s an absorption candle , indicating that the selling pressure has been taken over by buyers.
📊 Volume Analysis:
The presence of large green volume bars compared to smaller red bars further suggests that the selling is minimal, showing a clear sign of strength.
The price is currently in a healthy pullback from its all-time high, which often provides a great buying opportunity for savvy traders.
🧠 Fundamental Strength: A Company on the Rise 💪
Force Motors is not just looking good technically; its fundamentals are also rock solid. The company's Piotroski F-score is 9, indicating strong financial health. This score assesses several financial criteria, including profitability, leverage, and operating efficiency, confirming that the company is fundamentally sound.
Recent quarterly (June 2024) numbers are impressive:
Net Sales: Rs 1,884.90 crore in June 2024, up 26.71% from June 2023.
Net Profit: Rs. 115.70 crore in June 2024, up 68.76% from June 2023.
EBITDA: Rs. 264.13 crore, up 37.52% from June 2023.
EPS: Increased to Rs. 87.81 from Rs. 52.04 in June 2023.
These numbers reflect not just growth but also consistent performance. Such fundamentals often provide a safety net for technical setups, adding an extra layer of confidence.
🔍 Institutional Interest: The Big Players Are Watching 👀
We always like to see where institutional money is flowing because it often moves the market. For Force Motors, the institutional investment data is promising:
FII/FPI holdings have increased from 6.34% to 7.78% in the June 2024 quarter.
Number of FII/FPI investors rose from 124 to 160.
Institutional Investors’ holdings jumped from 7.20% to 8.80%.
This surge in institutional interest tells us that the big players are finding value in Force Motors at these levels. Their buying can lead to further price appreciation as they tend to have a long-term view.
The current price is trading in area where institutions have increased their stakes most probably, indicating that these monthly and weekly demand zones are genuine footprints of smart money. This means we are aligning our trades with institutional players. The likelihood of the price falling from this area is quite low because institutions typically protect their positions. These demand zones suggest that there may be pending or unfilled buy orders from smart money, so entering a trade here means we are trading alongside these big players.
💡 Trade Setup: A Clear Plan for Traders 🗺️
Based on the technical and fundamental analysis, here’s a potential trade setup:
Entry: You can consider buying at the current price level, which is within the strong demand zone.
Stop Loss: Place your SL below the demand zone or, if you don't want to take big risk, just keep SL below last week’s candle low with a buffer.
Target: Aim for at least a 1:2 risk-reward ratio. You can ride the rally by trailing your stop-loss, ensuring you lock in gains as the stock moves in your favor
⚠️ A Word of Caution: Always Manage Your Risk
Trading is about probabilities, not certainties. Even the best setups can fail, so always manage your risk. This analysis is for educational purposes only. I'm not a SEBI registered analyst, and you should do your own research before making any trading decisions.
🔥 Keep Trading and Keep Growing! 📈💪
"Success in trading is not about being right, but about managing your risk and emotions." 💡
Thank you for your support, likes, and comments. Feel free to ask any questions! Your interaction keeps me motivated to share more valuable insights.
Happy trading, and may the markets be ever in your favor! 🎯🚀
Nifty & Bank Nifty Analysis: Mixed Signals in the Final MinutesIn the last 30 minutes of yesterday's trading session, we saw a significant volume spurt in both NSE:NIFTY and NSE:BANKNIFTY , yet prices remained within a tight range. While NSE:NIFTY was trying to hold its ground with buyers stepping in, NSE:BANKNIFTY faced notable selling pressure. This divergence could be key in predicting tomorrow’s market movement.
NSE:NIFTY managed to stay steady despite the volatility, suggesting that investors are cautiously optimistic about its prospects. The increase in volume without a substantial price change indicates a tug-of-war between bulls and bears. If NSE:NIFTY manages to break above its immediate resistance, we could see a bullish move. However, if it fails to maintain its support, a pullback could be on the cards.
NSE:BANKNIFTY , however, showed visible selling in the final minutes, highlighting a lack of confidence in the banking sector. This selling pressure, coupled with the tight range, suggests that traders are uncertain about the near-term outlook. If NSE:BANKNIFTY breaks below its current support level, it could signal further downside risk. On the other hand, a recovery above resistance could reignite buying interest.
What to Watch Tomorrow: With both indices ending the day in a tight range but showing different momentum, tomorrow's session could be pivotal. Watch for a breakout in NSE:NIFTY to confirm a bullish bias or a breakdown in NSE:BANKNIFTY to signal potential weakness. Global cues and overnight economic data will also play a crucial role in shaping market sentiment.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Always conduct your own research or consult with a professional before making any trading decisions.
Trading setup for Tata Technology1. Lower Tops and Lower Bottoms: This pattern suggests that the stock was in a downtrend after its initial listing, with each high being lower than the previous high and each low being lower than the previous low.
2. Consolidation: Since July 2024, the stock has been consolidating at lower levels. This typically indicates a period of stabilization where the price is moving within a range, suggesting accumulation by investors. During this phase, the stock might not be making significant gains but is building a base.
3. Breakout: The stock has recently broken above the downtrend line with high volume. This breakout from a downtrend line, especially when accompanied by high volume, is often seen as a bullish signal. It suggests that buying interest is strong and the stock may be poised for an upward move.
4. Bullish Implications: The combination of consolidation at lower levels and a breakout with high volume can be interpreted as a positive signal. It indicates that the selling pressure has subsided and there could be potential for further gains if the bullish momentum continues.
Trade Setup:
Buy Entry: Consider buying the stock if it trades above ₹1040.
Stop-Loss (SL): Set your stop-loss at ₹980 to manage risk.
Target: The target is open-ended, meaning you expect the price to rise significantly, but you will need to monitor for potential exit points based on further analysis or changes in market conditions.
It’s always wise to stay updated with any fundamental changes or news that could impact the stock and adjust your strategy accordingly. Good luck with your trade!
***Disclaimer : This is my personal view, please trade after consultation with your financial advisor. I am neither a SEBI Register RA or RIA.
Regards
Arvind Kumar Yadav, Cfa
Arvind Share Academy
VIJAYA - 3 Months Consolidation Breakout - All Time HighVijaya Diagnostic Centre Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (1030 - 15.80% from the price 889.30).
4) Recommendation - Strong Buy.