Nifty has followed a rising parallel channel since Covid downside and currently now following a downward trend channel which could take price levels to 14000 levels.
We could be in downtrend till 8th Jul 2022 before current cycle get's over. Current analysis is purely on basis on angle of trends and days previously followed by Nifty.
Russia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when...
Looking at current down fall and previous support points Nifty is near 16400-16700 area where again get good support. If bears would remain heavy and there is breakdown of 16400 then we could see rapid fall in index.
Rise of EV in India has been portrayed as game changer for auto industry and associated industries to the sector. Infact Rise of EV is happening all over world therefore it would be wise to make regular SIP in selected stock to get exposure of companies actively working to drive EV adoption in country.
Currently I have added stock of companies which are aggressively working on use of Artificial Intelligence into daily services or products. Research is one thing but putting technology into use on mass level is completely different. Below stock companies has been selected basis there work in the field of technology and commitment for future....
NIFTY SIP Stock model which can be used to track stocks as one cumulative unit and do sip when at good price point. Stocks selected are good fundamental stocks and have high recommendation to be considered as SIP stocks.
Sharing spread chart of stocks in which SIP can be initiated basis when it is returning to good support price. All stocks in model are hand picked and have good fundamentals.
Nifty - Green Energy Themed Stock Model has been made by picking best stocks which could benefit from focus on renewable future commitment in future. Past performance is showing continuous growth in price. Stock model is tracked with help of Supertrend 10x2.5. Current stocks in spread chart as below....
Stable Revenue and ROCE Stream - Software and Services stock model tracks stock related to software and services industry. Selection Process A backtested stock selection model has been used to select underlying stocks. Stock model analyze stocks where 5Y Avg ROCE is above 11%, market cap is greater than 500 and revenue for last 5 year is growth trend and...
Stock is consolidating long therefore trying to perspective if it breakout any of the trend line in work right now.
I have tried to mark important resistance levels which became support later on Nifty Future in last few years. Thing to notice is how many time NF ha tested previous levels.
CUB rising with bullish candle backed with good volume after downside from last few weeks. I would like to track this stock for coming days to see if more such spike in volume is seen while stock sustain support levels it would be creating.
FINOLEX may enter into consolidation as price is getting range bound in recent created support and resistance zone.
Stock holding on to key support near ATH, Price can test previous ATH if continue to rise along trendlines.
Stock in ascending triangle taking support from trendline. While SMALCAP index is down stock is still holding onto consolidation zone.
Price is showing bullish reversal with support of volume and big bullish candles. As stock was in downtrend therefore it could be a temporary spike created to enter and exit with short - term profits. Entry can be made if price test recently created support levels.
Stock is moving along ascending triangle and may test resistance soon. FMCG sector is gaining strength therefore looking for stock which is fundamentally good, has momentum but still undervalued. Stock could go further up if strength continue to build in sectoral index.