Nifty Week AheadNSE:NIFTY looks Bullish after 100 DSMA is breached.
Support and Resistance have been Marked.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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MIDCAP100I see MIDACAP100 index very strong. In my opinion it is heading towards previous high.
1. Crossed previous top
2. RSI also showing positive compared to previous high RSI. Infact its above all high since July.
3. FII turning towards buy though in small numbers.
4. Taken a strong support nr 200 DMA
My view might be changed if it closes below 57600.
Bajaj-Auto ready for north 1. Nearly 32% down from 52 weeks high .
2. In daily candle closing is up from last 2 day closing making a reversal pattern
3.Daily RSI is upward after consolidation for a long period of time .
4. Weekly candle is showing end of selling wave .
5. According to Fibonacci Bajaj-auto can move to its golden ratio of Fibonacci
Jindal Poly - Breakout candidateStock has weak fundamentals - this is purely technical play
Weekly Chart
Previously Price had strong resistance @ 200 EMA weekly
That resistance became support and price created double bottom formation @ 200 weekly EMA
Horizontal resistance breakout with higher than average volumes
Stock outperforming NIFTY based on Comparative RS
MACD, RSI and ADX supporting bullish bias
Trade Execution
Buy 900-987 range
Stop Loss below breakout candle low - 855 on weekly basis
Trail with EMA 20 or SuperTrend 10,3 on daily chart
XAU/USD continue short Continuing to sell on time H1 and H4, gold's downward price channel is still maintained.
At time M15, there is a small rising price channel, however, the price has broken through the price channel and has a decreasing signal, showing that the sellers are gradually overwhelming.
JUBLFOOD an interesting ABCD pattern under formation Jubilant FoodWorks Ltd. is an interesting stock with following :
1. RSI on all time frames DWM above 60
2. Big anchor Green Candle on daily chart with high volume at weekly close
3. ABCD Pattern under formation on weekly chart
4. Major cluster of supports as under:
20 SMA (daily) 634
50 EMA (daily) 629
20 SMA (Weekly) 634
200 SMA (daily) 584
Lets See How it progresses from here further
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Data Patterns - showing interesting patterns Weekly Chart:
Stock bounce from 2111 (previous resistance (dec'23) turned support)
Last week close above weekly 20 and 50 EMA suggesting near term bullish bias
Daily Chart:
recently Created double bottom at demand zone
Stock crossed 20,50 and 200 EMA
price trying to retest 200 EMA and Horizontal support
MACD, RSI and ADX all supporting bullish sentiments
Hourly Chart:
Created series of Higher-Highs and Higher-Low Price action
Trade Execution
Buy 2600-2500 range
Stop Loss below 2100 weekly closing basis
Target previous swing high 3410 OR trail with 20 EMA daily OR Super Trend 10,3 daily
Larsen & Toubro LtdThe chart of Larsen & Toubro Ltd. shows a clear long-term uptrend, characterized by higher highs and higher lows, with the stock currently consolidating between ₹3,500 and ₹4,000. The price is moving within a rising channel, with the lower boundary of the channel providing dynamic support. The consolidation phase near ₹4,000 suggests resistance, and a breakout above this level could trigger a rally toward ₹4,200–₹4,500. Conversely, if the price breaks below ₹3,500, it could move toward the lower levels of ₹3,300–₹3,200. The volume remains steady, indicating no extreme buying or selling pressure yet. Overall, the price action suggests a bullish bias, but confirmation through a breakout above ₹4,000 or a breakdown below ₹3,500 will determine the next significant move.