NandanChaturvediTrade

NandanChaturvediTrade

As per my previous analysis, market has respected the levels of 19845 and we have seen a selling from there. Now nifty is back into the sideways zone which means that we would not see any clear momentum on any side. We are sure bullish. We should wait for for clarity near 19500 or the breakout of 19845 for intraday levels or sideways to bearish bias can be used...

NandanChaturvediTrade

19845 is a crucial deciding zone for Nifty as there was a sharp selling during Sep 20,21. Currently the market is testing that level and it means they are testing the strength of the seller. If the market is able to hold this level, a breakout could give a good rally of 400 odd points. Keep an eye. If you want me to review any stock/index, you can add in the...

NandanChaturvediTrade

Here's a way to observe the market behaviour. Sentiment - Looking a the RED bars which are clearly bigger than the GREEN. The sellers are looking stronger here. Given that the sell-off is already coming from the top, it can be expected that the sellers are still strong. Volatility - The size of the candle are increasing. Also, the range of the market has...

NandanChaturvediTrade

A healthy correction is needed for any market to setup for the next run. This the time when you must sit on cash and observe the market's behaviour. Every chart will show the signals for consolidations and outperforming breakouts. That is the place where you need to start showing interest in them again. I am sharing one such example here - the chart is showing...

NandanChaturvediTrade

A healthy correction is needed for any market to setup for the next run. This the time when you must sit on cash and observe the market's behaviour. Every chart will show the signals for consolidations and outperforming breakouts. That is the place where you need to start showing interest in them again. I am sharing one such example here - the chart is showing...

NandanChaturvediTrade

Staying with the overall market is very important to make the best in trading. Further, knowing when to trade breakouts vs when to wait for retests is also important and that comes with knowledge of overall market. I am sharing a retest chart on the weekly time frame where volumes are visible on the green side. This is a stage 2 continuation breakout and...

NandanChaturvediTrade

How to do good in the markets ? - Buy low and sell high :-D Well, in this article, I will try to explain how can you really do well in the markets, practically. Not just an advice like - Buy low and sell high. Here's an explanation for this analysis: Fundamental: 1. A Market leader - Castrol is the second highest market share holder with more than 20%...

NandanChaturvediTrade

Forming an overall bias is really important when you want to participate in any asset class. As most of us are equity participants, it is crucial to know the influencing factors for the equity market. Dollar is one of the most important indicator of equity movement as most of the trades happen through Dollar and it is the biggest currency in the world. At a...

NandanChaturvediTrade

When there is bull rally, anything and everything doubles. But it is always important to participate at the right time. How to identify that it is the right time? 1. Stock has stopped making lower lows. 2. There is a base formation for a significant period of time. 3. Volume development at the lower levels. 4. Big candles breakout This is one of those...

NandanChaturvediTrade

Chart structure: 1. Good correction from the top 2. A base formation with sideways movement for more than two years. 3. Breakout of base with good volume and good green bar. Volume: Good volumes in green bars. Sign of accumulation.

NandanChaturvediTrade

JSWSTEEL Price analysis: 1. Pattern - Inverse Head & Shoulders 2. Higher lows formation 3. All-time high breakout Momentum: RSI above 60 Outperforming Index Disclaimer: This is not a recommendation as I am not a SEBI registered analyst. Consult your financial advisor before investing.

NandanChaturvediTrade

Yet another chemical stock is breaking out from the pattern. Study: Pattern - Inverse Head & Shoulder Breakout Time Frame - Breakout confirmed on weekly chart Momentum - Big Green weekly candle. Volume - Hige volume. More than anything in 1 year. Potential - New All time high. Journey Time - 3 months to 1 year. Note: This is not a recommendation. Kindly do...

NandanChaturvediTrade

For an upside potential target of Rs1000, this can be a good pick. Let's look at the important factors: Pros: 1. Big green size weekly candle with a rejection at the bottom. 2. Expansion of the price volatility from the narrow range moving averages area. 3. Volume: Spurge in volume. Breakout week's volume is greater than 2x of average volumes 4. Strong...

NandanChaturvediTrade

Considering the movement in the Auto sector and the major revolution going on in the EV industry, it is very likely that this stock can perform well in the next 6 months to 2 years. 1. the "Inverse Head & Shoulders" pattern has a clear breakout on the monthly charts. 2. The volumes are also increasing. 3. Target could be the all-time high price in a period of...

NandanChaturvediTrade

Here's another chart I am sharing for educational purpose where I see a bullish breakout and a potential 30-40% gain. Entry - CMP : 370 Target - 490 Duration - 3 months to 1 year Stop Loss - Weekly closing below 330. Kindly note that this is not a recommendation and only for educational purpose. Invest only after your due diligence.

NandanChaturvediTrade

After the healthy correction, the script is available at a great price with limited risk. This is a long opportunity. Kindly note that this is not a recommendation and only for educational purpose. Do your own analysis before investing.

NandanChaturvediTrade

The two-volume bars at the bottom are clearly indicating the trust on this trendline breakout. At this position, it's a candidate for a long setup with the stop loss below the breakout candle. Kindly note that this is not a recommendation.

NandanChaturvediTrade

A symmetrical Triangle breakout in Indigo after a good consolidation. I have represented the trade with a possible 1:2 on the long side. Kindly note that this is not a recommendation but only for knowledge purpose. If you trade, its your responsibility to manage it.