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Weeklyforecast

Daily Bullish Flag Breakout in Som DistHi, NSE:SDBL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
SLong
by raigvivek
1
big bullish weekly flag and pole breakout in logistics stockA Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:SNOWMAN MACD already gave Positive crossover on Daily, weekly and monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. If you like it Make the rocket fly to boost the idea. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:SNOWMANLong
by raigvivek
Nifty 50 Weekly Market Outlook July Week 3, 2023Weekly Review: The Nifty 50 closed at 19,564.5 gaining +1.2% from the previous week. The Index closed on a positive note supported by 150 points rally on Friday overpowering bears majorly supported by a +4.3% rally in the Nifty IT index. The index stayed within a tight range of 19,333-19,516 in the previous week. On Macro Economic front, India's CPI surged to 4.8% in June but stays within the RBI tolerance band of 2-6%, this surge is majorly impacted due to delay in the monsoon which has caused supply shock within markets pushing retail inflation to surge for a short-term period. Weekly Forecasts: On Daily charts, Nifty 50 stayed above the channel bandwidth point of 19,433 with upward momentum. The channel since April 2023 contains almost 97.6% of the price action till the present day and hence the channel bounds for obvious reasons now act as key Support and Resistance levels at 19,125 and 19,756 respectively. Evident from the past week's surge, a sustained move above 19,433-19,500 is expected to push index to 19,673 and 19,756 . On lower levels, I feel 19,333 is the first support level where index can see a sideways movement and a breach below this level can push index to 19,224, 19,125(key support) and 18900 levels . Earnings calendar is keeping the bulls in control. This is evident with a positive reaction in share prices, even with subdued earning of IT giants like Infosys, TCS, Tech Mahindra and Wipro that such growth and numbers are being well factored in the share prices. *Disclaimer*: I am not SEBI registered analyst and hence the above market outlook is for only educational study and research purposes only. In no way do I endorse this opinion to take a trade or for any investments in markets in any form by any Participant. Be a responsible investor with proper risk management and keep learning as a true focus.
NSE:NIFTY
by chandakpulkit
BITCOIN Weekly Parabolic ChartBITCOIN weekly Chart Analysis As per previous HYIP growth into last 5-7 days by Market news of Bitcoin ETF, BTC created growth of surprising bullish via market News Trap, but at this situation it never break-out this year high of $31.1k and revert from $30.8k. So, at this situation of trapping, max. chances it will retest $24k-25k soon up to July 2023, and then from august it will be goes Bullish again and that time Altcoins goes Bullish too and major chances of break BTC $50k will be in Dec 2023 approx. with this year #ATH of $75-80k. Always #DYOR before investing in Crypto currency at this volatile situation and Trade wisely by using of Stop Loss. Must LIKE & SHARE.
KRAKEN:BTCUSDLong
by AskToRahulSirohi
Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take support. A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective. ENTRY - can be made at the same level i.e. 495 Stop Loss- at the last low i.e 470 Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650. *This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market. *preservation of capital in the market is the first step of a profitable Trader.
NSE:HDFCLIFELong
by rohitbansal1212