Hi Everyone If we look at the daily chart opf Nifty and include 377 EMA then we can see that this is a very strong moving average. 2008 / 2020 crisis happened when this EMA was broken. Today Nifty is perfectly sitting at this EMA. It can consolidate or we can now expect a huge fall which has not been witnessed till now. For that it will have to break its...
This chart illustrates the movement of bank nifty 32350 will be the area of support which will be required to short the market further and this can be easily broken down if the market conditions do not become better. Inflation High Dollar Index Cheaper Rupee / Depreciation in rupee value Increasing crude oil prices Increasing Commodity prices Lower...
Chart is only for illustration purpose My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart. If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022...
LEVELS AND DATES TO BE OBSERVED CLOSELY SGX Nifty has shown major trend change in every 74 months and has taken support / resistance clearly from 5 years EMA. Currently the market is closing near its long term trend line and the 5 yr EMA is at 13072 levels. For those who are looking for the bottom then there is a different study on smaller timeframes but on a...
22Apr 26Apr 2May 11May Expect huge price movements in Bank NFTY The dates mentioned are according to the price patterns studied over a few years and these could possible levels where Banknifty might trade in future and the levels are mentioned on both sides. The world market has a bearish view and the Indian market still has a bullish view due to strong...
APL Apollo is trying to make a Head & Shoulders pattern on Weekly Basis and if the Path of the scrip is right then we can expect APL Apollo to be trading near 1100 levels 1354.75 looks to be Support / Resistance in the long run and 1436 looks heavy resistance. Also have a look at the dates mentioned the period from 23 Apr till 1 May will be really Bullish for the Scrip!
Prices marked on charts look at the price action on the following levels
Start Buying Goldbees as you wont get it at the current levels after 1 Jan 2023. The Chart is very clearly depicting a strong Bullish Upmove on Gold. It could be due to high inflation or it could be due to rising commodity prices or it may be due to Government printing money. Whatever the reason is look at Rate of Change indicator below. The Roc is depicting...
With Strong Profit Growth of more than 72% Yoy this stock will be a true multibagger. TV 18 also has Rights to broadcast Fifa 2022 and NBA 2022. Hold this stock for the entire year and expect phenomenal returns specially in December 2022 as that will be the time to broadcast Fifa and NBA. Close above 70.80 can take it to 91 rs in a matter of few months and then...
Levels have been identified on the chart. Go Long on BN AFTER the breakout from Head and Shoulders Pattern.
Chart Analysis - As per the time study the market expands and contracts and generally this can be seen in charts through patterns like Ascending Triangle Breakout / Descending Triangle Breakdown / Wedge parttern etc. But generally the stocks move in ribbon form and through this ribbon wherever we can see two trend lines crossing each other there might be huge...
Since the market first expands then contracts we all are aware about it. There are many indicators for contraction and expansion like Bollinger Bands, Volatility Contraction Panel, ATR etc they all denote almost the same thing that price has started expanding in a particular direction or has started consolidating. Similarly the price action can also be predicted...
I like to play with Time more than the price on the X Axis we can see time and on the Y Axis we can see Price. One should not just focus on the price aspect of a scrip but also the time aspect as it might show some important signs of strength and weakness in a scrip.
I like to play with Time more than the price on the X Axis we can see time and on the Y Axis we can see Price. One should not just focus on the price aspect of a scrip but also the time aspect as it might show some important signs of strength and weakness in a scrip.
Nifty Auto has been falling from a few weeks and now its time for it to go bullish. Clearly visible in chart patterns
Nifty Auto is at a Multi Year Breakout and might go much higher. Good stocks to Buy $Maruti $Tata Motors $Olectra $MindaCorpp $Mothersonsumi
APL Apollo Tubes / Strong Quarterly Results Declare on 28th Oct Recently made a spike from 763 to 906 and has started outperforming Nifty. Potential Target 1 - 1000 Target 2 - 1100 Target 3 - 1200. Good time to enter right now as the stock is currently getting a support from 900 levels. SL can be below 740 Risk to Reward is for a loss of 140 rs Profit can be upto...
Tata Consumer can be seen with a Bullish Divergence in RSI Indicator. One can take a long trade when RSI moves above 60 on Daily Time Frame and closes above 253 with a SL below 240. Target can be 300 or much higher.