#BLISSGVS The stock made a rounded bottom from 2020 to 2022#BLISSGVS 💕 The stock made a rounded bottom from 2020 to 2022, and it appears to be in the process of forming the handle, which suggests a bullish continuation if the stock breaks out above the handle resistance level.
The stock has been in a sideways trend for a significant period, especially between late 2021 to mid-2023.
Recently, from early 2023, the stock has shown bullish momentum with higher highs and higher lows.
The current price action is testing previous resistance around 130-135 INR ,indicating a potential breakout.
Week
NIFTY THIS WEEK ---09/11/2022 to 11/11/2022NIFTY TREND THIS WEEK --09/11/2022 TO 11/11/2022
1. As seen on chart nifty has seen breakout candle at resistnace above 18100 on last closing daily candle successfully
2. Nifty can go towards 18400-18500 level next few session if sustained above 18200 level previous ATH can be tested .
3.if fail to sustained above 18100 -18200 nifty can fall to trendline support on daily chart around 17500-17700 level as red arrow indicate on chart .
4. trix line seeN crossover moving upword which i positive indication for further trend .
5. support form at 18000-18100 on Weekly basis and resistance at 18400-18500 stop loss bellow 18000 for this trend.
THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk !!
HAPPY TRADING . !!
NIFTY -- NEXT WEEK -- 26-09-2022 TO 30/09/2022NIFTY -- DAILY CHART -- NEXT WEEK AHEAD.
1. DOUBLE TOP formation seen at 18100 level from where nifty shap fall towards 17300 sub level last few sessions .
2. Double top formation at overbought level of RSI , shown trix line negative crossover at this level.
3. At next session 17150-17200 work as strong support level and if this support holds then nifty can reverse trend to 17500-17600 level
4. if 17150-17200 levl breaks down then nifty can fall at 16800 level .
5. 16800 Is also Fibonacci 50 % retrenchment level from low 15300 to high 18100
6. overall if nifty fall to 16800 levl then this can treat as strong demand zone where one can buy at good risk reward ratio.
THIS IDEA IS FOR EDUCATIONAL PIRPOSE ... ** trade at own risk .!!
HAPPY TRADING, !!
NIFTY --DOUBLE BOTTOM--NEXT WEEK TREND --16/05/2022NIFTY --DAILY CHART--DOUBLE BOTTOM --NEXT WEEK TREND --16/05/2022 to 20/05/2022
1. NIFTY seen Double bottom formation on daily chart at oversold level around 15750-15770 sub level , this is same bottom where earlier nifty rally from extreme oversold .
2. short term bounce is possible from current level around 400-500 points at resistance 16400-16500 level
3. nifty overall chart is still sell on rise but since double bottom at oversold level there is more chance bounce from this level kind of relief rally ahead
4. for confirmation we want next candle to form as doji or bullish Green with no pin bar downside, then this trend will confirm it means next candle should not red one
5. if next candle red with pin bar downside then this double bottom will be not carried trend up .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
HAPPY TRADING. !!
NIFTY -- NEXT WEEK TREND - 18/4/2022NIFTY DAILY CHART ---NEXT WEEK TREND SETUP .
1. AS we seen on daily chart nifty breakout 17450 level of resistance from strong uptrend 15800 oversold level and reach towards 18000-18100 level
2 From this resistance 18000-18100 nifty fall again around 17475 level where earlier resistance breakout seen, this level 17400-17450 will work as strong support in next week first 1-2 trading session .
3. if this level hold nifty can bounce back agian to 17800-18000 level if 17400 break down side nifty will see another support downside 17000 level .
3. from 15800 low to high 18400 , at this point 50% Fibonacci support comes around 17000 sub level so this is strong support according to trade setup unless this support hold nifty will be bullish zone and set as uptrend bulls fvr.
4. RSI at mid range on daily chart at 52 levl , MACD above center but bellow signal line
5. FII currently sell mode due to global conditions , But DII and retail investor can hold market above 17000 level at least for few sessions till global situations improves .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE... !
HAPPY TRADING . !
NIFTY -- NEXT WEEK -- 04/04/2022 TO 08/04/2022NIFTY TREND NEXT WEEK --HOURLY CHART - 04/04/2022 TO 08/04/2022
1. on hourly chart we can see journey of nifty where nifty bottom out around 15750 level till now 17670
2. Nifty made bottom formation at 15750-15800 level where RSI extremely oversold level as we seen . from then nifty bought consistently went to 17000 level . at 17000 level nifty made double bottom formation .
3. nifty break reistance 17400-17500 level last trading session and close above it very strongly to 17670 where bank nifty also breakout at bullish level
4. next week view is bank nifty will outperform and support index to go further up move to 17800-18200 , mid-cap also outperform and that trend continue upside
5. RSI level also seen bullish .
6. some correction if any we can seen around 17500-17350 form a good support where nifty agian bounce back
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShortsetupCHOLAMANDALAM INV
SELL / Short below 590 levels for targets of 550 / 520 /500
SL would be 650 on a Daily Closing basis.
Note:-
In case of Gap Up or Gap Down; avoid above setup.
Above levels for education purposes only.
Do your own analysis before taking any trade.
NIFTY OUTLOOK This week - 21/12/2021 to 24/12/2021Nifty Daily chart shows technical outlook how trade can be on this week.
Firstly using technical indicators we will see what will be downside and upside targets of nifty this coming sessions,
Technical indicators
1. Death cross of moving avg seen at 17950-18000 odd level, from there nifty fall at 16800 level, then take support & bounce back to 17500 odd level, rite now nifty 16985 level at closing last week after sharp correction.
2. Nifty bellow 20, 50,100, days moving avg at closing on last trading session.
3. Flag pattern clearly shown on daily chart now. whereas downside candle at circle shows strong support at 16800 level breaking this support nifty further fall at 16500 level next week. upside above 17050 closing nifty can hit target 17200-17500 level .
4. at present market run by negative sentiments due to global omicron fear. so more then fundamental and technicians, omicron fear will rule the Market, but at same time how global market react to that fear our market too react same manner .
Other technical indicators .
* RSI (14) = 38.6
* MACD (12,26,9) = -133 bellow center bearish.
* MA ADX - red bearish
HAPPY TRADING. !!