#HindUnilever forming a potential #DoubleTop candidate on daily scale. Confirmation below 2765. Will go #Short below 2765 with SL = ATH. (with protection).
#LICHousing is breaking out above previous month high after volatility contraction for a month. 1. Breakout above BB upper band 2. Breakout above previous month high 3. Breakout above 25 Donchain Channel 4. Breakout above 20/50/200 DEMA 5. 10/20 DEMA bullish cross on daily 6. RSIStairs trading above 55 in daily 7. Price volume breakout 2 days back Will add it...
#Nifty notices #DojiStar candle stick pattern on weekly scale. Few important things to note: 🔴 RSIStairs weekly = 77, Daily = 82, Monthly = 78.45 (Overbought) 🔴 DojiStar candlestick pattern noticed on weekly timeframe chart 🔴 Trading far away from 50/200 DEMA. Mean reversion more likely 🔴 Momentum indicators indicate overbought market. ADX = 37 🟢 Trading above...
🟢 Possible bottom formation on daily and weekly charts. 🟢 Price volume breakout on daily scale with RSIStairs > 60 🟢 Stock looks to change its 7 months downtrend (Reversal) 🟢 RDX Momentum Score = 5* bullish. #Investment candidate 🟢 DC 25 high was tested. Above 741 can move swiftly.
🔴 Price volume breakdown with volume spurt of 233% to previous day & above SMA25. 🔴 Stock showing fatigue after an extended one way rally. Good to #Short below 3800 HCB. 🔴 #InvertedHammer candle stick pattern and SoD candle formation on weekly scale. 🔴 Stock fail from monthly R2 levels. Till thats not taken out chances of correction high. 🟡 Previous chart didn't...
#ExideInd can fly from here anytime soon. A massive upmove, then pullback, consolidation with volatility contraction. Now the stock is breaking out from a #SymmetricalTriangle breakout. Can test 235 very soon. #PortfolioBuilding #Investment CMP: 182.6 In case stock falls towards 156 its a blind buy without any ask. Could be the stock of the year.
Global markets (Last Session): 🔴 Tech driven sell off dragged the wall street. US markets opened flat but faced sustained selling to close 1-2% lower. 🔴 European markets recovered from early morning losses but pared the recoery after US market opoen and closed lower. 🔴 US 10YR yield rose 1.16%. DXY fell to 93.77 mark. Crude oil shoots up 3% after OPEC decides...
Indian Indices Last Session: 🟠 #Nifty took support near 20 DEMA & SuperTrend (10,3), recovered from the day low to close lower by 0.5% at 17532.05. 🟠 #BankNifty opened gap down, but recovered shapely to close above 20 DEMA in a highly volatile session with 0.5% loss. 🔴 FII's were net seller of 600+ crs excluding option figures which could be for hedging. DII were...
Global Markets Weekly Charts 🔴 Last weekly candle is a wide upthrust bar bearish candle. 🔴 Profit booking in the riskier asset classes & rise in DXY.
Indian Indices Last Session: 🔴 #Nifty Fut opened gap down, but took support at polarity level 17619 and moved higher settling the day -0.21% lower. 🟠 #BankNifty opened gap down, took support near PDC 37373 and moved higher paring losses. Finally closed -0.90% lower. 🔴 FII's were net seller of 7000cr+. Bought index options of 3220 cr out of which 95% are #Long PE...
Indian Indices Last Session: 🔴 #Nifty in a volatile session closed lower by 0.5%; near the most crucial polarity support of 17619. Make or break. 🟠 #BankNifty opened flat but seen sustained selling. Towards end it took support near make or break support of 37373. 🔴 FII's were net seller of 7000cr+ for third day in a row. Have not considered the option figures as...
Indian Indices Last Session: 🔴 #Nifty Fut opened with gap, fell 325 points on volume selling then sharp recovery and closed with 0.76% lower at end. 🟠 #BankNifty opened with gap, fell 1000+ points on volume selling then sharp recovery and closed half a percent lower. 🔴 FII's were net seller of 7000cr+ excluding the index option data. In index options they have...
Last Session: 🟡 #Nifty Fut opened with gap up but seen profit booking. 17805 gave polarity support and market closed flat near PDC. 🟢 #BankNifty cleared 38112.75 and went upto 38355, but lost half portion of gains in second half. Still closed higher. 🟢 Sensex tested ATH and closed above 60000 mark. #BankNifty also tested ATH. India VIX rose 6.68% to close at...
Last Session: 🟡 #Nifty Fut traded in narrow range of 17820-17935. Lack of participation before weekend. Expansion will give direction. 🔴 #BankNifty faced resistance near 38112.75. Bullish trades can be initiated once it clears this headroom resistance. 🔴 FII's were net seller of 1000cr. DII's also sold 515 cr equities. Monthly expiry; lets wait for more data...
#Nifty Fut 17520/16618/16697/16741-17885/17907/17947/17985 RDX Trend & Momentum Score - 75M(5*)/1D(7*)/1W(7*) #Bullish #BankNifty 37060/37330/37466/37594-37956/38116/38225/38330 RDX Trend & Momentum Score - 75M(5*)/1D(6*)/1W(6*) #Bullish 🟣 All levels to be considered upon 5/15M candle closing basis #TradePlan #PreOpenUpdate #IndexFutLevels #23SEP2021
🟢 DXY looking all set for a #CupAndHolder breakout. Unconfirmed. 🟢 Head room resistance near 93.47. If taken out can scale higher.
Previous Session: 🟢 #Nifty Fut traded within the narrow range of 17530-17618. Narrow range breakout can give fresh direction to market. 🟢 #BankNifty took support near 36985It can move higher with support from the global cues. A #Short covering candidate. Technicals: 🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(73.03), W(78.34),...
Previous Session: 🟢 #Nifty took support near VPOC and sharply recovered and closed near day high paring the early morning losses. 🟢 #BankNifty took support near VPOC and 36588 polarity level and sharply recovered 2% closing near the day high. 🟢 #Nifty made a #VSABreakOut candle on daily charts. #RSIStairs regained 55+ levels in 75M charts with bullishness 🟢...