Trendxinc

Trendxinc

NSE:DEEPAKFERT Started tracking it since it last broke 52-week high on Nov 6. It gave a good closing but because of the overall market correction couldn't get the follow up move. Next attempt to break was made on Nov 12th. However, the traders past stuck on the high took it as exiting opportunity at breakeven. Since then it has been going on like that. So as a...

Trendxinc

Good morning everyone 9th October 2024, Wednesday So with Bullish Harami with piercing pattern NSE:NIFTY looking fit to come back once again. The minor resistance for Intraday stands at 25054. Above this a short covering rally towards 25364 is on the table. Support @ 24940. Below this 24944 is another base support. Short term players can go long now with...

Trendxinc

Good morning everyone 7th October 2024, Monday All the corrections levels were pending seems to be over now. However market is market. May surprise more if you are not prepared. Do not panic in case of any surprise. Also do not be the first person to buy. Wait for the sustained move above the resistance levels and then go long gradually. Support for #Nifty is...

Trendxinc

Good morning everyone, 3rd October 2024, Thursday Israel vs Iran war. USA politics. SEBI's new circular regarding FnO. Say you what may, but I've been hinting that after 25800, we could see 25500 very soon on NSE:NIFTY , which is the next support for creating fresh longs. Today, we might witness this level. Also, it's expiry. Expect a sideway day if the dips...

Trendxinc

Good morning everyone! 30th September 2024, Monday. The market can remain irrational longer than you can stay rational. Said this earlier, saying it again. So, do not try to predict the market. You will never be able to do it perfectly. And one doesn't need to predict the market to earn. In fact, those who do not predict often earn more. Remember one thing...

Trendxinc

Good morning everyone 27 Sept. 2024, Friday Whoever has tried to predict the market has been destroyed again and again, this week included. The market won’t change because people remain the same. History doesn’t repeat, but people do. So, once again, I’m saying — stop chasing the market, #Nifty, #Banknifty, breakouts, or gap-ups. Instead, learn to create your...

Trendxinc

Good morning, everyone! 26th Sept. 2024, Thursday I know, guys. You’re probably feeling uneasy seeing NSE:NIFTY make new highs, one after another, without any correction. But let me share from my experience — "The market can remain irrational longer than you can stay rational." So, don’t try to predict the market. Instead, focus on drawing your...

Trendxinc

Good morning, everyone! 25th Sept. 2024, Wednesday As we analyzed yesterday, NSE:NIFTY needed a little correction, and the chart confirmed this by forming a Doji at the top. Now, the high and low of this Doji will decide today's trend for the index. If the high of 25025, which is also the resistance for the day, is broken, we may see a further upward rally....

Trendxinc

Good morning everyone! 24th September 2024, Tuesday. So NSE:NIFTY gave a good upside as we analyzed. The target 26526 still looks achievable. However we need a little dip for that to overcome. The hurdle at upside is now at 26056. Support is at 25474. Below this 25265 is the short term support. One very clear instruction is that don't trt to short this...

Trendxinc

Good Morning Everyone! 20 Sept. 2024, Friday When I said NIfty is in 2d phase, no once believed and few also booked their profits at just 24000 in fear of their will be a big correction. Corrections came and gone. They are still sittng on the cash hoping they will get a chance to buy low. And we have been enjoying Swings profit everyday, constantly. When social...

Trendxinc

Good morning everyone! 16 Sept. 2024, Monday. So, after a decent short covering on last Thursday we didn't see any follow up move in $NSE:NIFTY. On Weekly chart the index made Bullish Engulfing indicating an intact bull run in the coming week. However, on intraday chart we may see a short correction or say profitbooking to the support level - 25200. This is also...

Trendxinc

Good morning everyone! 12th September, 2024. Thursday. NSE:NIFTY has been in consolidation mode for last 4 sessions. Believe me, this is very good for bulls to continue. So don't be afraid it. Rather, try to some good setups suitable to you and BUY ONLY NEAR SUPPORT. Support for Nifty for the day is 24821. Below this we may see 24540 levels coming into the...

Trendxinc

NSE:INOXWIND for short to medium term only. Buy above 238 ONLY. And that too when it closes above it on daily chart. Don't be in hurry to enter. Be a pro and wait for the levels to come into play. SL 210.10 on weekly closing basis Target for Short-term - 345 (44.96% upside potential) Holding period - 1-2 months Target for Medium-term - 485 (97.61% upside...

Trendxinc

Good Morning Everybody! Sept. 5, 2024, Thursday As we discussed in yesterday's commentary, NSE:NIFTY opened near the exact marked support and bounced from there in the second half. NSEIX:NIFTY1! is hinting at a gap-up of nearly 100 points. However, do not assume this indicates new buying. Today is the weekly expiry of the index, so a short covering rally was...

Trendxinc

NSE:KCPSUGIND Date: July 31, 2024 Current Market Price: 52.18 INR --- KCP Sugar & Industries, operating in the agricultural commodities and milling sector, has demonstrated strong upward momentum recently. The stock is currently consolidating near its recent highs, indicating potential for further gains. --- ### Technical Analysis 1. **Price Action and...

Trendxinc

Looks like we are in 2nd stage. Just need a follow up green today. Nifty macro data positive for the day 🟢 Use this gap-up only to book profit. DO NOT chase any breakout Stock which is opening with a gap up. No Options Trading in Index or stock till August starts. #PSUBANKS on Radar today #PNB Result🔥 #PSB #MAHABANK #CENTRALBANK #UCOBANK #YESBANK

Trendxinc

Wanna see an interesting thing? This is #Nifty's PCR Ratio (posted on X) which was up on Intraday which is negative sign. Now another thing is Banks and Financial companies have 35% weightage on nifty, collectively. And PSU Banks posted great results. Hence Banknifty looks strong. And as Banknifty is strong so is Nifty bcz of the weightage shared. Now we have...

Trendxinc

Based on the technical chart of Som Distilleries & Breweries Ltd (NSE), here is my analysis and prediction: 1. Current Trend: The stock appears to be in a consolidation phase after a recent decline. The price is currently testing the resistance provided by the 50-day moving average. 2. Support and Resistance Levels: - Support: The immediate support level is...