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NIFTY 50, MARKET TREND!!INDIA WILL ALWAYS BE THE BEST INVESTMENT AT ANY ANY TIME. NIFTY 50 IS A GREAT INDICES TO BE INVESTED IN. many of them ask will nifty 50 cross 18000 again this year, i say yes, and even say yes for one more question: will nifty 50 be still bullish in 2023. there are many reasons of it, and i have covered it in my previous analysis(check the lin section). i have drawn out the support and resistance based on the markets getting consolidated. look at the FIBONNACCI RETRACEMENT, how greatly nifty 50 is respecting towards it.
NSE:NIFTYLong
by raghavchoudhary2016
IDBI Bank Ltd Bat pattern Trade Set UpThe idea here is about IDBI Bank Ltd: IDBI Bank Ltd. engages in the provision of commercial banking services to retail and corporate customers. It operates through the following segments: Corporate and Wholesale Banking; Retail Banking; Treasury; and Other Banking and Group Operations. The Corporate and Wholesale Banking segment includes corporate relationship covering deposit and credit activities other than retail, as well as corporate advisory and syndication, project appraisal, and investment portfolio. My view is bullish (Swing trade) for the below observed News & technical factors. News: There is a potential merger up news in air at the moment of publishing this idea. Do your own research to find out more information. Points as per TA on a Daily & Weekly chart: 1.Downtrend channel breakout & retested & trading above 200 EMA & 20 EMA support established on daily chart as per below: 2. Trading below 200 EMA & 20 EMA support established on a weekly chart as per below: 3. Anti Cypher pattern completed on weekly chart, Target 1 achieved from entry point & due to lack of momentum or global uncertainty price has been pushed below Target 1. Price has taken support on 20 EMA as per below: 4. Bat Pattern completed on daily chart, Entry point confirmed price towards target 1 as per below: 5. MACD Converging towards signal line on daily as well as monthly chart which is a signal for upward momentum as per below(daily MACD): MACD above signal line on weekly chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is strong upward momentum at the time of publishing. However on weekly it’s neutral. 7. RSI is at 53.68 on a weekly Chart and 52.63 on daily chart at the time of publishing. 8. Hull Moving average and other moving averages on weekly & monthly chart is a strong buy & on Daily Hull Moving average is sell. 9. ADX (Average directional index ) trend strength is at 20.54 on weekly & 16.58 on daily, which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 31.81 on monthly chart which indicates a strong trend .The trend seems to be picking up. 10. It is also suggested to keep a look on Bank Nifty, as its taken support on 20 EMA on Weekly and below on daily as per below : 11 Ichimoku cloud is strong upward moment for Bank Nifty on weekly and daily chart as per below : Projected Target with %: provided in the chart as per Bat Harmonic pattern, coincidentally Target 4 of Bat is almost aligned with Target 3 of Anti Cypher. Stop Loss: Provided in the chart for Bat . Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IDBILong
by Tron029
BOROSIL LTD : Potential BreakoutThe idea here is about Borosil Ltd: Borosil is India's most trusted glassware brand since 1962. Synonymous with heatproof glassware, it is the market leader for consumer glassware in India, USA & Netherlands. mentioned below are the points to be considered. Points as per TA on a Hourly, Daily &Weekly Chart: 1. Trading in Ranging Market(Daily chart) since 11th July 2022 after breakout of falling wedge as per below chart: 2. Gartley Harmonic Pattern completed on weekly chart since 23rd August 2021 till 20th June 2022. B Swing completed & momentum heading towards C Swing at the time of publishing as per below chart: 3. Bearish Bat pattern completed on daily chart since 4th August 2022 till 12th September 2022, price may touch B swing on the pattern since 20 EMA is just below the B swing point as per below chart: 4. Cup formation completed on daily & hourly chart since 4th August 2022 till 12th September 2022. Handle formation under process with a downtrend channel on hourly chart. Price did break out of trend on 14th September 2022 between 12.15 PM to 1.15 PM but was rejected as per below chart : Expecting the price to break through the trend in tomorrow’s session. 5. Trading above 20 & 200 EMA on daily chart & daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is Strong buy for an upward momentum. Weekly & Monthly chart is Neutral at the moment. 7. RSI is at 63.94 on a Daily Chart & 58.68 on a weekly chart at the time of publishing. 8. MACD Way above signal line on daily & weekly chart . 9. Hull Moving & other moving average is a strong Buy on Weekly, monthly & sell on daily chart. If price sustains above 362.22 by end of the week then it is a very strong signal for upward momentum. 10. Long entry if price breaks above 379.55 & sustains, then we are in upward momentum. However, keep in watch list for the week & alert for price momentum. Projected targets provided in the chart. Stop Loss: Enter only once cup & handle & bearish Bat pattern Break out. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:BOROLTDLong
by Tron029
VIP Industries Clean BreakoutThe idea here is about VIP Industries: V.I.P. Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-trolleys; suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags. My view is bullish (Swing trade) for the below observed technical factors. Points as per TA on a Daily & Weekly chart: 1.Contracting or Symmetrical triangle breakout & retested on weekly chart as per below: 2. Bearish Crab Harmonic CD leg under formation at the time of publishing as per below: 3. EMA 20 support established on weekly chart as per below: 4. Trading above 20 & 100 EMA on daily chart. 5. Double Bottom formation competed & Neck line breakout completed as per below: 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily,weekly & monthly chart is strong upward momentum at the time of publishing. This is a very good signal for upward momentum. 7. RSI is at 62.82 on a weekly Chart and 66.72 on daily chart at the time of publishing. 8. MACD above signal line on daily & weekly chart which is a signal for upward momentum. 9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 10. ADX (Average directional index ) trend strength is at 10.45 on a weekly which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 32.57 on a daily chart which indicates a strong trend .The trend seems to be picking up. Projected Target: provided in the chart as per Cypher harmonic pattern. Stop Loss: Provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:VIPINDLong
by Tron029
Deepak Nitrite Breakout of wedgeThe idea here is about Deepak Nitrite: Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals. The company`s product range includes a spectrum of chemicals which caters to a wide range of industries including Colorants, Agrochemicals, Pharmaceuticals, Rubber, Specialty & Fine chemicals. 1. Broken out of Falling Wedge on a weekly chart at the time of publishing. 2. Retesting of support line & breakout point completed on a daily chart as per below image. However, would recommend for a weekly retest of the breakout point. 3. Support established on 20 EMA & 200 EMA on a daily chart as per above image. 4. Trading above 20 & 200 EMA on Weekly chart. 5. Bearish Sea Pony (Advanced Harmonic pattern) formation on a weekly chart. 6. Sea Pony Pattern: Explained in the below image. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Strong for an upward momentum. However, weekly chart is on a strong downward momentum at the time of publishing. 8. RSI is at 50.78 on a weekly Chart at the time of publishing. 9. MACD Way above signal line on weekly chart. 10. Hull Moving average on a daily & weekly is sell & on a monthly chart is a buy other moving averages are strong buy on Daily, Weekly & monthly chart. 11. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Sea Pony Pattern provided in the chart. Stop Loss: Enter long only if retest & upward momentum continuation. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:DEEPAKNTRLong
by Tron029
Madras Fertilizers Traiangle breakout The idea here is about Madras Fertilizers: Madras Fertilizers Ltd. engages in the manufacture and marketing of ammonia, urea, and complex fertilizers. It also produces bio-fertilizers and markets organic fertilizers and neem pesticides. I am short term bullish on Madras Fertilizers due to below observed technical factors. 1. Contracting or Symmetrical triangle formation on a weekly chart as per below: 2. Possible bearish Butterfly pattern under formation as per below: 3. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below: 4. Ichimoku Cloud analysis: Senkou Span B support established on a daily chart as per below: 5. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily & Weekly chart. 6. RSI is at 49.47 on a Daily Chart & 55.97 on a weekly chart at the time of publishing. 7. MACD below signal line on weekly chart & way converging towards signal line on daily chart. 8. Hull Moving average on daily & monthly chart is buy & sell on Weekly chart & other moving average is a strong buy on Weekly & monthly chart. 9. ADX (Average directional index) trend strength is at 24.93 on a weekly and 25.83 on a daily chart which indicates a strong trend ( ADX between 25 - 50 is a strong trend) in the current direction. Projected targets as per bearish butterfly patterns provided in the chart. Stop Loss: provided in chart as per contracting or symmetrical triangle. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Note : use the Load new Bars forward button to know the current movement. Cheers.
NSE:MADRASFERTLong
by Tron029
Lumax Industries Breakout & RetestThe idea here is about Lumax Industries: The Company offers a range of complete automobile lighting systems and solutions, which includes head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a range of applications. Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Shark Pattern Completed, Target 1 achieved momentum towards target 2. 2. Broken out & retested Symmetrical Triangle as per chart. 4. Crossover of 20 EMA & 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is Strong buy with an upward momentum. 5. RSI is at 70.87 on a weekly Chart at the time of publishing. 6. MACD way above signal line on weekly chart. 7. Hull Moving Average is on day is sell, Weekly is buy & monthly is sell coming week will decide on the direction of momentum. 8. Keep a watch on price alert. Projected targets as per Shark Pattern provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:LUMAXINDLong
by Tron029
ACC LTD Wait for breakout & retest.The idea here is about ACC LTD. mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Inverse Head & Shoulder Pattern almost complete. 2. Bullish Ascending triangle formation with top flat & bottom rising. 3. Trading way above 20 & 200 EMA on weekly chart. 4. Strong Kumo breakout on weekly chart (Ichimoku Cloud). 5. RSI is at 60.28 on a weekly Chart. 6. MACD way above signal line. 7. Hull Moving Average is a Buy Signal on a weekly chart. 8. Wait for breakout & retest @ 2400.00. 9. Stop loss just below lower low of right shoulder. 10. Projected target as per inverse Head & Shoulder on the chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:ACCLong
by Tron029
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Havells India Double bottom BreakoutThe idea here is about Havells India: The company is engaged in the business of Switchgears, Cable and Wires, Lighting and Fixtures, Electrical Consumable Durables. 1. Engulfing candlestick formation on a weekly chart at the time of publishing. 2. Neckline broken on Double bottom pattern with good volume & may retest the neckline. 3. Downtrend Channel broken & retested the breakout. 4. Trading way above 20 & 200 EMA. 5. Kumo Breakout, Tenken-Sen price cross & Kijun-Sen price cross on a weekly chart is Strong for an upward momentum. 6. RSI is at 63.51 on a weekly Chart at the time of publishing. 7. MACD Way above signal line on weekly chart. 8. Hull Moving Average is a Buy Signal on Weekly & monthly chart and sell on daily which indicates the retest of neckline retest. 9. Enter long or wait for retest of neckline support. In, any case keep a price alert. Projected targets as per double bottom & Downtrend channel provided in the chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:HAVELLSLong
by Tron029
IPCA LABORATORIES : Potential Harmonic Reversal The idea here is about Ipca Laboratories: Ipca Laboratories Ltd is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. 1. Bullish Cypher pattern completed on a daily chart potential trend reversal expected. However, if the trend continues downward then the pattern is nullified. Out of Falling wedge trend at the moment. 2. What is Cypher Pattern? Explained in the below image: 3. Double top completed and currently looks like a Double bottom pattern under formation as per chart at the time of publishing. 4. Trading way below 20 & 200 EMA on Daily chart & between 20 & 200 EMA on a weekly chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, Weekly chart is Strong bearish & Strong Bullish on monthly chart. 6. RSI is at 30.37 on a Daily Chart at the time of publishing. This indicates almost oversold at the time of publishing. 7. MACD below signal line on daily chart, and converging towards signal line. 8. Hull Moving average on a daily & monthly is sell & on a weekly chart is a buy. 9. Wait for trend reversal & retest may be for long entry (short term). However, keep in watch list for the week & alert for price momentum. Projected targets as per Cypher Pattern provided in the chart. Stop Loss: Provided in chart as per Cypher pattern. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IPCALAB
by Tron029
GRP LTD Double Bottom BreakoutThe idea here is about GRP LTD: GRP Ltd is engaged in the production of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, molded rubber products for different applications in both, tyre and non tyre rubber products.. 1. Broken out of Ascending Triangle, Double bottom & retesting of support & neck level in progress at the time of publishing. 2. Trading above 20 & 200 EMA on daily chart. 3. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum. 4. RSI is at 70.46 on a Daily Chart at the time of publishing. 5. MACD Way above signal line on daily chart. 6. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. 7. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Ascending triangle & Double bottom provided in the chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GRPLTDLong
by Tron029
JUBILANT FOODWORKS ? WHAT DO YOU THINKThe idea here is about Jubilant Foodworks. Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Hammer candlestick formation on a weekly chart at the time of publishing. 2. Bat Pattern Completed. 3. Ascending Triangle Formation in place. 4. Support established on 20 EMA on a weekly chart & trading below 50 EMA & above 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is bearish & currently consolidating. 5. RSI is at 51.80 on a weekly Chart at the time of publishing. 6. MACD above signal line. 7. Hull Moving Average is a Buy Signal on Daily, monthly charts & sell on weekly. 8. Enter long if Price breaks above the resistance. In any case keep an price alert. Projected targets as per Bat Pattern & Ascending Triangle provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JUBLFOOD
by Tron029
HGS primed for breakoutThe idea here is about HGS ( Hinduja Global Solutions). Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed. 2. Cup formation under completion with today’s trading, wait for pull back & break above the current resistance as per chart. 3. Trading way above on 50, 20 & 200 EMA on weekly chart. 4. Resistance on Kumo cloud on a weekly chart & currently consolidating. 5. RSI is at 71.11 on a weekly Chart at the time of publishing. 6. MACD above signal line. 7. Hull Moving Average is a Buy Signal on Daily, weekly & monthly chart. 8. If Price breaks above the resistance then cup & handle formation in invalid. Projected targets as per Crab pattern & cup and handle provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! then click on like and comment your thoughts. Want to keep yourself updated with current market action? Then please follow my profile for more analysis. Cheers.
NSE:HGSLong
by Tron029
BERGER PAINTS Clean BreakoutThe idea here is about TECH MAHINDRA Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Break out of Downtrend channel with good Volume. 3.Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the break out point and wait for reconfirmation to enter. 7. Hull Moving Average is a Buy Signal on a weekly chart. Targets : Estimates based on Crab pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:BERGEPAINTLong
by Tron029
BERGER PAINTS IND Clean Brakeout The idea here is about BERGER PAINTS Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Elliott's Wave Corrective wave completed and price has broken out of Downtrend channel with good Volume . 3. Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the break out point and wait for reconfirmation to enter. 7. Hull Moving Average is a Buy Signal on a weekly chart. Targets : Estimates based on Crab pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:BERGEPAINTLong
by Tron029