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Weeklymarketsanalysis

BAJAJ HOLDING : BREAK OUT ON WEEKLY CHARTBajaj Holding and Investment , India Based Investment and Holding Company which focus on income from dividends, interest and gains through investment held. The stock is in uptrend on daily and weekly time frame and currently was in retracement move. The move seems to be over now as the stock is stuck in a range and forming a PENNANT PATTERN. We may see breakout any time. Break out may lead to a new 52 weeks High. The Fundamentals of Company are strong with a Market Cap of Rs, 67,345 Cr and YOY stock yield of 15.76 %. Analysis on Weekly Chart : The technical indicators at current level are as under : CMP : 6094.90 MA20 : 6038.13 MA50 : 6027.74 MA200 : 5975.53 RSI : 62.97 crossing over MACD (12,26) : 14.020 ADX (14) : 33.12 ( Directional Strength - In range ) ATR (14) : 44.65 ( Highly Volatile ) Volume is Far below from the mean value, no buyers seen yet, however the stock is waiting for them resulting into break out. The stock regain its upward trend from 4541.30 and as per Elliot wave theory , we may see the third wave in this breakout. Be prepared for the breakout in a or two days and hold for target 3 or a new 52 week High.
BSE:BAJAJHLDNGLong
by chakraveer1104
ITC - All Time High BreakoutSo this chart of itc is in the weekly time frame, as you can see that, it has given a breakout of a trendline with a great volume of buyers. And after a breakout, there were two green candles consecutive, with this it has broken its all-time high. After the breakout of all time high, there was an opposite candle and then we got an inside bar so we got two entry triggers and we can see more of a good rally after the breakout of the red candle's high. So our entry price will be 390 level and our stop loss will be low of the red candle and target you can expect big. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:ITCLong
by Garvit_Narang
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 purisonshuf
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