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Wave Analysis

Nifty View For Next 10 DaysThe **Nifty 50** is a stock market index comprising 50 of the largest and most liquid publicly traded companies on the National Stock Exchange (NSE) of India. It is a key benchmark for the Indian equity market and represents a diversified portfolio of companies across various sectors. ### Key Characteristics: - **Established**: The Nifty 50 index was introduced in 1996 by the NSE. - **Composition**: It includes large-cap companies from sectors such as finance, information technology, consumer goods, energy, and healthcare, among others. - **Market Capitalization**: The Nifty 50 reflects the overall market capitalization of its constituent companies, which represent around 65% of the total market capitalization of the NSE. - **Calculation**: The Nifty 50 is calculated using the free float market capitalization method, where the weight of each stock is based on its market capitalization and the number of shares available for trading. ### Notable Companies: Some of the prominent companies in the Nifty 50 include: - **Reliance Industries** - **HDFC Bank** - **Infosys** - **Tata Consultancy Services (TCS)** - **ICICI Bank** - **Bharti Airtel** ### Role in the Market: - **Benchmark for Investors**: It serves as a barometer for the Indian stock market and is used by investors, mutual funds, and financial analysts to gauge market performance. - **ETFs and Derivatives**: Various exchange-traded funds (ETFs) and derivative products are based on the Nifty 50, allowing investors to track or trade the index. Overall, the Nifty 50 plays a crucial role in Indian financial markets, offering a snapshot of the performance of the country's largest and most influential companies.
NSE:NIFTYShort
by TheGoldenFarmsofEquity
USDCHF_H4USD/CHF Currency Pair Analysis: From a technical perspective, USD/CHF on the 4-hour time frame, after multiple BOS (Break of Structure) formations, has now created a CHOCH (Change of Character) and broken the last low of the uptrend to the downside. Currently, with the decline of the moving averages on the ALLIGATOR indicator, there is a possibility of a price decrease. Overall, this scenario is strengthened by the condition that USD/CHF, unless a 4-hour candle close occurs above the Fair Value Gap (FVG) in the range of 0.9090-0.9067, could potentially decline towards the FVG in the range of 0.8949-0.8937.
Short
by Arshia_Technomental
1
USDCAD_H4- Connection to Oil Prices: The rise in crude oil prices, following the announcement of a decrease in US oil inventories and supply concerns due to new US sanctions on Russia, has strengthened the Canadian Dollar. - Canada’s Role in the Oil Market: Canada is the largest oil exporter to the United States, and fluctuations in oil prices directly affect the value of the Canadian Dollar. Outlook - US Dollar: Lower-than-expected inflation data and the possibility of rate cuts by the Federal Reserve are likely to result in further depreciation of the US Dollar. Upcoming economic reports, such as retail sales and production indices, will play a key role in the next movement of the USD. - Canadian Dollar: Continued oil price increases and positive economic data could strengthen the Canadian Dollar against the US Dollar. Investors should keep an eye on reports related to Canada’s production and exports.
Long
by Arshia_Technomental
1
hdfc bank view HDFC Bank, one of India's leading private sector banks, was established in 1994. Its origins and development reflect the transformation of India's banking sector during the 1990s, following the liberalization of the Indian economy. ### Key Milestones in HDFC Bank's History: #### 1. **Foundation and Early Years (1994-1999)** - **Incorporation**: HDFC Bank was incorporated in August 1994 in Mumbai, Maharashtra. It was promoted by the Housing Development Finance Corporation Limited (HDFC), India's premier housing finance company. - **Banking License**: In January 1995, the Reserve Bank of India (RBI) granted HDFC Bank a banking license, allowing it to operate as a scheduled commercial bank. - **IPO Launch**: In 1995, HDFC Bank went public, listing its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO was well-received, reflecting investor confidence. - **Early Operations**: The bank initially focused on corporate banking, capitalizing on the growing demand for professional banking services. #### 2. **Expansion and Growth (2000-2010)** - **Branch Network**: HDFC Bank aggressively expanded its branch network across India, establishing a strong presence in urban and semi-urban areas. - **Technological Leadership**: The bank was among the pioneers in adopting advanced technology, offering internet banking, phone banking, and ATMs for customer convenience. - **Merger with Times Bank**: In 2000, HDFC Bank merged with Times Bank, the first merger in the private banking sector in India. This significantly boosted its customer base and geographical reach. - **Retail Banking Growth**: The bank expanded its focus to include retail banking, offering personal loans, credit cards, and savings accounts, gaining a diverse customer base. #### 3. **Dominance and Diversification (2011-2020)** - **Leadership**: Under the leadership of Aditya Puri, HDFC Bank became synonymous with stability, efficiency, and innovation. Puri served as the Managing Director from its inception until October 2020, making him the longest-serving CEO of any private bank in India. - **Digital Transformation**: The bank introduced mobile banking apps and enhanced its digital offerings, positioning itself as a leader in digital banking. - **Market Capitalization**: By 2020, HDFC Bank became the largest private sector bank in India by market capitalization. #### 4. **Recent Developments (2020-Present)** - **Leadership Change**: In 2020, Sashidhar Jagdishan succeeded Aditya Puri as the Managing Director and CEO. - **Technological Challenges**: Despite its technological edge, the bank faced some issues with outages in digital services, prompting RBI to impose temporary restrictions on new digital launches. - **Merger with HDFC Ltd**: In April 2022, HDFC Ltd announced a merger with HDFC Bank. This landmark deal, finalized in 2023, combined the strengths of the two entities, creating a financial services powerhouse. ### Current Status: As of today, HDFC Bank is one of the most trusted banks in India, known for its robust financial performance, customer-centric approach, and innovative services. It operates a widespread network of branches and ATMs and continues to play a pivotal role in India's economic growth.
NSE:HDFCBANK
by hariwadhwa
2
Series "Effective capital management - The key to success!"While waiting for the results of the trading plan. There is a little experience for those new to the market that I want to share with you. It is also the lessons I have experienced. If you have any questions, please leave a comment. I will answer for you. 🌟Lesson 1: Why do we need CAPITAL MANAGEMENT 📌 Many people after suffering financial losses often have a feeling of fear. But they really do not understand where their fear comes from and what they are really afraid of? 📌 We all cannot really distinguish between the fear of LOSING MONEY and the fear of the MARKET. 📌 The fear of losing money mostly comes from players with less than 1 year of experience and they do not know how to manage the capital assets they are holding. They enter the trading profession mostly with the money they have saved their whole life, an amount of money that is too large compared to their financial reserve. 👉👉👉I temporarily call this the TRADE OF A LIFE. ⚠️⚠️⚠️Its characteristics are easy to recognize They often use 100% or more than 50% of their total assets to participate in the game, but they are essentially newbies. Therefore, when they lose, they are easily held back by a negative account loss of nearly 80%. Then they call for help everywhere and easily fall into a crisis and mental stress. ⛔ This is a fear that easily leads to despair. 📌 Fear of the MARKET is different: Fear mostly comes from players who are just starting to analyze, explore and have a little experience, but still lose. This fear lasts and gradually makes traders respect the market and be less arrogant when placing orders. ✅ This fear is good: It helps us be more serious about capital management. Reduce excessive sublimation in trading. Know how to respect the market. 💡 Fear and respect for MARKET is respect for your assets. 💎 THAT RESPECT IS CALLED: CAPITAL MANAGEMENT. Let's wait for Part 2: Instructions on how to effectively manage capital for beginners
OANDA:XAUUSD
by TonyL0ng
A rally to exitSenco CMP 1028 Inverted V- that's a directional signal and preparing you in advance, that the fall has just begun. Fib- the stock is at fib and trendline support. Hence a rally from here is very likely. In my view 1259 is a high probability from here. Elliott- The A leg of the correction has 5 waves hence this is the first leg of the 3-wave correction. The B wave can go all the way to 1400. Conclusion- since I can see the Inverted V I will not want to push my luck. In my view one should book it around the 1260 zone.
NSE:SENCO
by singh17vivek
Can RELIANCE be accumulated at the Current Market Price(CMP) ?Reliance: Bullish Potential Above Monthly Trendline! 🚀 If Reliance closes above the trendline on the monthly timeframe, it signals a strong buying opportunity for accumulation. Watch closely for confirmation! "Reliance: Technicals Indicate Strength, But Patience is Key!" "The chart is technically looking good; As one can see price is forming a Ascending channel pattern. However, it's essential to wait for the monthly candle to close above the trendline before taking action. Patience remains the cornerstone of successful investing and trading. Stay disciplined and wait for confirmation!" > Premature entries can lead to unnecessary risks. >Always prioritize confirmation over anticipation
NSE:RELIANCE
by Pratik_Barchha
Paint Sector Companies UpdateThe Indian paint sector is one of the fastest-growing in the world, with numerous domestic and international companies catering to both decorative and industrial coatings. Here are some of the leading Indian paint companies: ### 1. **Asian Paints** - **Headquarters**: Mumbai, Maharashtra - **Overview**: Asian Paints is the largest and most well-known paint company in India. It offers a broad range of decorative paints, coatings, and related products for homes, offices, and commercial spaces. It also provides industrial coatings and has a strong presence in several international markets. - **Key Brands**: Asian Paints, Royale, Tractor Emulsion, Ace Exterior, etc. ### 2. **Berger Paints** - **Headquarters**: Kolkata, West Bengal - **Overview**: Berger Paints is one of the oldest and largest paint companies in India. It offers a wide range of decorative paints, industrial coatings, and protective coatings. Berger Paints has a significant market presence, including several regional and international markets. - **Key Brands**: Berger Easy Clean, Weathercoat, Silk, etc. ### 3. **Dulux India (AkzoNobel India)** - **Headquarters**: Gurgaon, Haryana - **Overview**: AkzoNobel India is the Indian arm of the global paint giant AkzoNobel. It primarily operates through its popular brand, Dulux, providing high-quality decorative paints, coatings, and varnishes for homes and commercial spaces. - **Key Brands**: Dulux, Dulux Professional, etc. ### 4. **Kansai Nerolac Paints** - **Headquarters**: Mumbai, Maharashtra - **Overview**: Kansai Nerolac is one of the leading paint companies in India and is a part of Japan's Kansai Paints. It offers a diverse range of decorative and industrial coatings, with a particular focus on providing sustainable and eco-friendly solutions. - **Key Brands**: Nerolac Excel, Nerolac Impressions, Nerolac Beauty, etc. ### 5. **Jotun India** - **Headquarters**: Chennai, Tamil Nadu - **Overview**: A subsidiary of the global Norwegian paint company Jotun, Jotun India specializes in decorative paints, marine coatings, and protective coatings for industrial and commercial applications. The company is known for its environmentally friendly products. - **Key Brands**: Jotun Jotashield, Jotun Majestic, etc. ### 6. **Shalimar Paints** - **Headquarters**: Kolkata, West Bengal - **Overview**: Established in 1902, Shalimar Paints is one of the oldest paint companies in India. It produces a variety of paints and coatings, including decorative and industrial paints, and has a strong presence in the Indian market. - **Key Brands**: Shalimar, Suraksha, etc. ### 7. **Indigo Paints** - **Headquarters**: Pune, Maharashtra - **Overview**: Indigo Paints is a relatively newer but rapidly growing player in the Indian paint industry. The company offers decorative paints, emulsions, and industrial coatings and has gained popularity for its innovative products. - **Key Brands**: Indigo Emulsion, Easy Clean, etc. ### 8. **Nippon Paint India** - **Headquarters**: Chennai, Tamil Nadu - **Overview**: A part of the Japanese conglomerate Nippon Paint, Nippon Paint India provides a wide range of paints and coatings, including decorative paints and coatings for the automotive and industrial sectors. - **Key Brands**: Nippon Paint, Nippon Weatherbond, etc. ### 9. **STP Limited** - **Headquarters**: Mumbai, Maharashtra - **Overview**: Known for manufacturing automotive care products, STP also produces industrial coatings and other related products. The company has a smaller share of the market compared to others but remains a prominent player in specific niches. ### 10. **Kaveri Paints** - **Headquarters**: Hyderabad, Telangana - **Overview**: Kaveri Paints is a regional player in the Indian paint sector. They manufacture a wide range of decorative and industrial paints, including enamels, emulsions, and primers. These companies represent a mix of established players and newer entrants that are making a significant impact on the Indian paint sector. The market has been characterized by rapid growth, with increasing demand for innovative and eco-friendly paint products.
NSE:ASIANPAINTLong
by TheGoldenFarmsofEquity
PAGEIND - 40K and below?I could be completely wrong here.. But the chart set up/counts indicate that the price has completed Cycle top followed by corrective moves A and B.. and I am eying for the C leg down.. Or, it could be possible that B wave hasn't ended yet, it could go past 56K as well and then come down.. For now, price is trading inside the supply zone of Nov'22 Sellers. I am looking for a break and close below 45300 by tomorrow (Weekly close) to initiate a trade on the short side.. Since this is weekly, and the price has multiple touch points, as well as, option chain is illiquid, I wouldnt advise trading F&O on this counter.. Trail Positional holdings with Strict SL..
NSE:PAGEIND
by Murthy_Santhosh
HDFC Bank And Bank Nifty Movement Jo Dikh Raha Hai HDFC Bank, one of the largest private sector banks in India, has a significant relationship with the **Nifty Bank Index** (often referred to as Bank Nifty). The Nifty Bank Index is a stock market index that represents the performance of 12 major banking stocks listed on the National Stock Exchange (NSE) of India. ### Key Aspects of HDFC Bank's Relationship with Bank Nifty: 1. **Weightage in Bank Nifty**: HDFC Bank is one of the largest components in the Bank Nifty index in terms of market capitalization. The weightage of HDFC Bank in the index can vary, but it typically holds a significant proportion (often above 10% or more). This means that any significant movement in HDFC Bank’s stock price will have a substantial impact on the overall performance of the Bank Nifty index. 2. **Market Movements**: As HDFC Bank is a large player in the banking sector, its stock price movements often drive the direction of the Bank Nifty index. Positive or negative news related to HDFC Bank, such as quarterly results, regulatory changes, or macroeconomic factors, can influence the overall performance of Bank Nifty. 3. **Sectoral Influence**: HDFC Bank is a major representation of the private banking sector, which holds a large share of the Indian banking space. As such, the performance of HDFC Bank reflects the health and performance of the private banking sector as a whole, which is a significant part of the Nifty Bank Index. 4. **Correlation with Market Sentiment**: As HDFC Bank is also a significant constituent of the Nifty 50 Index (the broader market index), its movements can indicate the general sentiment in the financial and banking sectors. A strong performance by HDFC Bank may signal investor confidence in the broader banking sector, which in turn could drive the performance of Bank Nifty. ### Conclusion: HDFC Bank’s performance plays a key role in determining the movement of the Nifty Bank Index. Its large weightage means that fluctuations in its stock price can have a proportionate effect on the Bank Nifty, making it an important stock to watch for anyone tracking the performance of India’s banking sector.
NSE:HDFCBANKShort
by TheGoldenFarmsofEquity
Reliance Industries ltd - Finally sign of reversal!The current price action suggests that the market has reached a potential bottom, characterized by a reversal from a previous downtrend. This shift is confirmed as the price breaks upwards, moving decisively past a phase of consolidation or uncertainty. The Diamond Bottom pattern , a notable reversal formation, typically emerges after a sustained downtrend. Initially, the price action expands, forming higher highs and lower lows, creating a broad, widening shape. This phase indicates increased volatility and uncertainty in the market. As the pattern progresses, the trading range begins to contract, signifying a shift in market sentiment. The highs cease to climb, peaking out, while the lows start to rise, indicating a potential buildup of bullish momentum. The critical point in this pattern is the breakout above the narrowing boundary lines of the diamond. This upward breakout serves as a strong signal of a trend reversal, marking the transition from a downtrend to a new upward trajectory. Such a breakout often leads to a sustained bullish trend, supported by renewed buying interest and positive market sentiment. This reversal can be a significant opportunity for traders to capitalize on the shift in market direction. Other Positive Things [ b]ABC pattern seems to be complete as there is divergence in MACD , after which price to move at-least min 38.2% to 61.8% of Fibo levels DMI in verge of moving positive direction PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RELIANCE
by hardeepssethi
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD As of January 17, 2025, the EUR/USD pair is exhibiting bearish tendencies, suggesting potential selling opportunities. **Market Pulse** The Euro continues to face downward pressure against the US Dollar, influenced by strong US economic data and a hawkish stance from the Federal Reserve. Additionally, the Eurozone's economic challenges and geopolitical uncertainties contribute to the Euro's weakness. **Key Levels** - **Resistance:** 1.0375 (intraday), 1.0405 (key resistance zone). - **Support:** 1.0200 (immediate support), 1.0175 (target for further decline). **Technical Signals** - **Trend:** Bearish momentum is evident, with a clear downward bias. - **RSI:** Approaching oversold territory, indicating strong selling pressure. - **MACD:** Negative momentum increasing, supporting the bearish outlook. - **EMA:** Price is trading below the 20 and 50 EMAs, confirming the downtrend. **Global News** - **US Economic Data:** Robust US economic indicators continue to bolster the USD. - **Eurozone Outlook:** Economic indicators suggest sluggish growth, adding pressure on the Euro. - **Geopolitical Tensions:** Ongoing uncertainties contribute to market volatility, favoring safe-haven currencies like the USD. **Market Sentiment** - **Forex Client Sentiment:** 60% long, 40% short. - **Myfxbook Sentiment:** 70% long, 30% short. - **Dukascopy Sentiment:** Predominantly long positions in EUR/USD. - **FOREX.com Sentiment:** 65% net long, 35% net short. - **Note:** Despite the bearish technical indicators, market sentiment remains bullish, which could act as a contrarian indicator, suggesting potential for further downside. **Your Move** Given the current bearish momentum, consider selling opportunities near resistance levels, targeting the support zones. How do you plan to position yourself in today's market? Share your strategy!
Short
by RBSBALA
Gold Bearish Wolf Wave & Alt Bat Harmonic Sell Setup: TP 2660, SThis analysis identifies a bearish Wolf Wave formation and an Alternate Bat Harmonic pattern, signaling a potential reversal in gold prices. The trade setup is supported by additional confluence with the R1 Pivot Point Indicator and an ICT Resistance Zone, enhancing the credibility of the bearish outlook. Key highlights: Wolf Wave Pattern: The bearish Wolf Wave projects a reversal from the ICT resistance zone, aligning with the R1 pivot level at 2725. Alt Bat Harmonic: The completion of the Alternate Bat pattern near the 2725 resistance area further validates the potential for a downside move. ICT Resistance Zone: Institutional price levels coincide with key technical indicators, confirming strong resistance near 2725. Target Profit & Stop Loss: TP: 2660 (based on harmonic projection and Wolf Wave target). SL: 2725 (above the resistance zone and harmonic invalidation level). This setup provides a high-probability sell opportunity with precise entry, exit, and risk management levels.
OANDA:XAUUSDShort
by HFCElite
Nifty Bank View 17.01.25 Ke LiyeThe **Bank Nifty** is a stock market index that represents the performance of the 12 most significant and liquid banks listed on the National Stock Exchange of India (NSE). The index is a subset of the broader Nifty 50 index, focusing specifically on the banking sector. It is widely used to gauge the health and performance of India's banking sector. ### Constituents of Bank Nifty: As of January 2025, the Bank Nifty index consists of the following 12 banks: 1. **HDFC Bank** 2. **ICICI Bank** 3. **Axis Bank** 4. **State Bank of India (SBI)** 5. **Kotak Mahindra Bank** 6. **IndusInd Bank** 7. **Bank of Baroda** 8. **Punjab National Bank (PNB)** 9. **Bandhan Bank** 10. **Federal Bank** 11. **IDFC First Bank** 12. **RBL Bank** These banks are selected based on their liquidity, market capitalization, and overall contribution to the banking sector. The index is weighted by free-float market capitalization, meaning that the more valuable banks have a higher weight in the index. ### Key Characteristics: - **Representation**: Bank Nifty represents a broad cross-section of the banking industry in India, covering both private and public sector banks. - **Sectoral Performance**: It reflects the overall health and performance of the banking and financial services sector in India. - **Market Usage**: Investors and traders use the Bank Nifty index as a benchmark for the banking sector, and it is also traded through exchange-traded funds (ETFs) and futures contracts. The performance of the Bank Nifty index can be a good indicator of the broader economic conditions, particularly in terms of credit growth, interest rates, and the overall health of the financial system in India.
NSE:BANKNIFTYLong
by TheGoldenFarmsofEquity