manavtechresearch

manavtechresearch

*Stock is consolidating in the zone of 1785-1755 *the stock has eventually broken out of its bearish trendline *after breakout the stock is consolidating and creating a base *the swing high of the base i 1785 *a close above the swing high will open up a possible 5%-10% move on upside in the stock *bank has been a underperformer in the recent rally from...

manavtechresearch

*stock recently broke out of a major bearish trendline *stock on daily chart near 5700-800 had shown positive divergence *band breakout plus pattern break *after trendline break the stock was consolidating after strong move up *during this period it made a bullish flag pattern BAJFIN FUT BUY@6420-40...

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*stock has created a inverse pattern on daily chart *on weekly basis currently the stock is trading above the supply zone of 153-154 *if we close above 155 we will confirm pattern break *it opens up the stock for a positional target of new life-time high *initiating a positional trade in Ashok Leyland ASHOK LEYLAND CONDITIONAL BUY -WAITING FOR A WEEKLY CLOSE...

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*stock is slowly climbing from the bottom *it has been creating higher lowers *right now the stock is in the supply zone of 3480-3500 *if we move above previous week high of 3505 *will initiate a long with the low of previous week 3349 as stop *stock on weekly chart has created a ascending triangle pattern *based on the pattern i expect a target of 3750-3850...

manavtechresearch

GLOBAL UPDATE -any selling pressure in us market is absorbed and short covering takes place -s&p 500 and nasdaq catching up to dow jones -weekly chart of us market is indicating bullish momenutm -double bottom on nasdaq breakout on the card on weekly chart -opening up another 1500-2000 point move on index -s&p 500 weekly bearish trendline break plus...

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SUMMARY -stock has created inverted pole flag pattern which is bearish -ultracemco results have been subdued -all cement stocks are taking a beating -ultracemco sets the bar -now the stock is a high beta -volatility is huge -will play the stock thru options -please wait for the stock to break and close below 500 -it will open up a move towards...

manavtechresearch

GLOBAL MARKET UPDATE -us mkt rallied big time due to noise of 25 bps rate hike only from feb -fed voting members chance in tone -us bond yield and dollar index indicating the pivot is near -nasdaq outperformed rest of the indicies -china open play still active -its clear fpi investment in chineese stocks have increased -7 day holiday in china due to festive...

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GLOBAL UPDATE -dollar index has fallen sharply below 103 level on the verge of testing 100 -s&p 500 breaking major bearish trendline in daily chart -ready to break above its 200-dma -nasdaq already rallied 1000 points from bottom -dow jone tested 200-dma and now moving forward on the verge of breaking swing high -china reopening play putting pressure on curde...

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GLOBAL UPDATE:- -all major market on friday rallied after us jobs data -remember jobs data was bad -but the important part was jobs created on lower wages -wages and average earnings have fallen down -plus the pmi data came negative -rising jobs+falling wages was cheered by the market -it indicates soft landing -so now looking the charts on friday of us mkt...

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-index has seen inverted head and shoulder pattern in lower time frame -banknifty as discussed in index weekly update had made it clear -a move above 43550 will lead to major short covering and retest of previous all time high -trailing my buy with yesterday low as stop DISCLAIMER:- -please consult your financial advisor -this is not a recommendation -please...

manavtechresearch

TECHNICAL VIEW -banknifty has relative strength as compared to nifty -index outperformed with 21% return in 2022 and is expected to continue -psu bank will be the value play -still have to catch with private banks -outperformance of small private banks (RBL,FEDERAL BK etc) will continue with psu banks -lending banks will continue to perform in rising interest...

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Dear members sorry for not posting analysis on regular basis in the second half of the year this new year i will try to change the habit and be regular in posting -will post in new format from here on -will have regular weekly update -will try to give out more positional and better risk-reward trades -global update on weekly basis LETS BEGIN THE YEAR...

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GLOBAL UPDATE -go read the previous week analysis -you will get an idea we got 80% of the forecast right -we knew 75 bps were factored -what we did not know is that powell will destoy the slogan of fed pivot -we knew after the event was over market will resume the rally in indian market -wall street also made a smart recovery -european markets are not worth...

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GLOBAL UPDATE -we had a discussion two weeks ago in our small community -we discussed that usa market may have bottomed out with 75 bps rate hike factored in nov -the reason being that markets in usa usally bottom out six months ahead of fed pivot -market has now factored in the worst -mid-term election coming up in the america -dollar index negative...

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GLOBAL UPDATE -DXY again back@113 -DOLLAR/INR is above 82.8 might open above 83 -watchout out for european bond market -geopolitical situation is worsening -crude oil price rising again after opec meet -wall street trading near 52k-week low THINGS TO WATCH THIS WEEK -the week again we have "cpi" on thursday -we have fed minutes on wednesday but will have...

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GLOBAL UDPATE -s&p 500 near a crucial junction now -near its 200-wma -lehmann brother like collapse in credit suisse and deustche bank doing the rounds -market hitting peak pessimism -record shorts in american markets -usaully in s&p 500 a dip below 200-wma is bought heavily -emergency fed meet(rumors doing the round) and lot of fed speakers lined up -in...

manavtechresearch Updated 

-us market near 200-wma -spy has also broken previous low -in previous update i had indicated dollar index is crucial for us -if dxy broke 110 we will move towards dot.com crash level of 120 (2000-01) -us mkt is in complete bear grip INDIAN MARKET UPDATE -the term decoupling was used by me for the first time in june -today it is visible that we are now...

manavtechresearch Updated 

1)GLOBAL UPDATE -American markets are in focus globally -bearish trendline breakdown in weekly chart -bearish engulfing on weekly chart -fed meet on wednesday -80% have factored 75 bps rate hike -20% now are factoring 100 bps rate hike -wall street is preparing itself for the volatility -major central banks are seeing pressure and are raising rate WHAT TO...