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Weeklymarketsanalysis

weekly 16-01-2023Bank nifty is moving in a long channel and is taking support at lower end of the channel. Bank nifty Monthly and weekly RSI is above 60 which is bullish and daily at 46 and is a clear case of GFS major support near 42000-41700 NIfty IT forming reverse Head and shoulder on daily chart and weekly taking support at 20DMA i.e. 28630 very good Risk Reward for long term prospective Nifty metal - breakout abv resistance on weekly further weekly / monthly RSI is above 60 strong momentum stocks to watch LARSEN TURBO : GFS buy near 2100 SL 2080 Tgt 2240 + PFC : GFS buy near 143 sl below 140 tgt 160 MPHASIS : forming bottom good buy near 2000 sl below 1970 tgt 2170 - 2433 INDIGO : GFS : breakout on daily buy near 2080 sl 2030 tgt all time high good momentum Tata comm : GFS buy near 1360-1370 stop loss below 1310 tgt 1460 and 1500 (positional) ABCAPITAL : forming flag pattern on weekly chart + consolidating after break out of cup pattern on weekly : buy near 142 Stop loss below 138 tgt 170 + Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
NSE:BANKNIFTY1!Long
by rajivrajeev
1
Nifty - Weekly Analysis Sep 2022 - BEARISH until 16800 ?Nifty Weekly Analysis, Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday. Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall would expect. Next support is only at 16800 in Nifty. On the Higher side we have Resistance at 17470 / 17600 / 17720 levels More or less this week going to be Volatile or Range Market between 16800 - 17300.
NSE:NIFTYShort
by ViVenTraders
Nifty50 Breakout from Broadening wedge FormationNifty stands at 17,833 levels as of today. Nifty is breaking out of it's broadening wedge formation for the first time since october 2021. The index has rallied by 18.5% from it's June 2022 lows of 15179 to 178333 level till last week. The crucial support on a weekly basis lies at 17,600 levels which acts as technically pivot levels beyond which stop loss levels have to be reset . Current major technical and Psychological resistance level stands at 18,000+ for this week where nifty saw a major resistance last week as well, Beyond this level we can see a minor correction but if momentum persists week on week basis we can see a rally upto 18600 by October-November . Crucial Levels: S1: 17600 S2:17400 R1:18000 R2:18349
NSE:NIFTYLong
by chandakpulkit
52 Week High Breakout in LUMAX AUTO We can observe that the price has successfully closed above the previous 52 Week's high price which was a major supply zone and the price has reversed from that zone couple of times. Increased volume gives confirmation for zone breakout. The stock has the capacity to make nearly50-60% up move in the coming days. Trade set-up 1) Ideal entry price would be 220-225. 2) Strict stop loss at 140. 3) Possible targets are 266,343,400. 4) book profits as per your risk-reward. Note:- This is not a recommendation, make your own analysis.
NSE:LUMAXTECHLong
by SWING2TRADER
5