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NIFTY Short term bullish - Bonce back to 17379Due to seasonal volume in year end, with most FIIs on holidays, markets generally float up to finish the year in positive note, basically a santa rally. I expect NIFTY to bounce back and test the lower end of the channel around 17379 approximately by first week of Jan or earlier, depends on when it touches the trend line , as it's inclined upwards. Overall market trend for 2022 is bearish at this point , due to US Fed tightening the liquidity and rising interest rates. Unless they change the policy to print more money due to new COVID variants. Stay in good quality stocks, so the downturn risk is limited.
NSE:NIFTYLong
by gmaster29
India police give tips against being victims of crypto fraudThe Indian police have sounded a warning to locals not to fall victim to any cryptocurrency scam in the wake of surging crypto scams. The Additional Commissioner of Police Shikha Goel warned Indians at an event in Hyderabad, India, about the rise in cybercrime. She revealed that scammers use various methods to dupe investors. Speaking on how they operate, the officer said fraudsters use lucrative investment opportunities, illegitimate bank transfers, and cryptocurrencies to dupe unsuspecting victims. She stated that the police handled sixteen cases involving cryptocurrency scams. The police chief advised citizens to invest in crypto only through reputed and long-established players in the field and said coins should not be transferred to unauthorized private wallets. Money can’t be traced back, be careful India police warns
COINBASE:BTCUSD
by BernardMikhail1
Apollo Hospitals - Short term bearish , Long term bullish trendApollo Hospitals recently broke out of the strong resistance levels at 4700 and went on make all time high. It kissed the major upwards trend line which is a strong resistance line and pulled back little. If it doesn't break above this trend line, expect it to pull back and retest the 4700 support levels in next few months, which will also fill the gap in short term. I'm bullish on long term but bearish short term. Anyone looking for long term positioning can start accumulating at the price of 4600-4800 levels.
NSE:APOLLOHOSPShort
by gmaster29
ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
NSE:ITCLong
by gmaster29
Nifty at the crucial make or break point NSE:NIFTY On Dec 17, Nifty’s close is very significant as it closed at the point where three support points meet. 1. Support at the central line of the downward channel. 2. Support at the 61.8% Fibonacci retracement level (Aug Low - Oct High) 3. Support at the trend line formed by connecting the bottoms of July 28 & Nov 29 Nifty breaking this point decisively can therefore be seen as signal of further down, probably at accelerated pace.
NSE:NIFTY
by Rajesh_Ramchandani_Delta
HGS Daily Breakout - Watch out for trend direction next 2-3 daysHGS break out of the wedge pattern yesterday and formed a bottoming tail, which is bulling. Volume has been above average last 2 days, showing some strength. Likely chances to fill the gap upside at 3236 from current price, as shown in green highlighter. If it fails to move upwards and comes back in the wedge pattern, it will first fill the gap down at 2788 and then it will hit the lower trend line of the wedge and will try to break out again to fill the gap at 3236. If it breaks above the 3236 it will test the all high prices and beyond. Watch out the trend for next 2-3 trading days.
NSE:HGSLong
by gmaster29