INTRADAY ANALYSIS - BHARTI INFRATELHi Traders,
This Stock has created a higher high and is trading well above the 50 SMA. We have the immediate support at 211.35 and 205.10 levels. The price can continue trending upwards after a pullback to these levels. We have the golden zone between 200.05 and 195 levels, If price respect the golden zone then the further upside of this stock is limited. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a good confirmation.
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Happy Trading......
Indianmarket
BREAKOUT IN NIFTY 50AS WE CAN SEE NIFTY 50 IS GIVING ROUNDING BOTTOM BREAKOUT ALTHOUGH WE CANNOT CONFIRM THIS BUT WE CAN SAY THAT CURRENT TREND IS STRONG AND WE CAN SEE UP MOVE ION FUTURE
ONLY FOR LEARNING
#Banknifty Big Move soon!trading inside an ascending triangle, expecting a big move soon possibly on the upside as economy is getting back on track & Festive season is incoming.
will post possible trade setup once we break either side
#notfinancialadvisor
#DoYourOwnResearch
ZEE LTD - Complete Technical AnalysisHi Traders,
We have a mixed opinion on this stock, but will definitely add to our watchlist.
The weekly chart shows that this stock has been in a downtrend since jun 2018, and price is forming a double bottom pattern which indicates the end of this downtrend.
The stock price is approaching key resistance point at 209.50, which came in confluence with the inner trendline. A break of this trendline can result in price testing the outer trendline.
The golden zone is between 239 - 268.50 which can play as a resistance zone.
We can expect 300 levels on this counter by mid 2021, if we get a break of the outer trendline.
On a short term perspective, how the price reacts at 209.50 and the inner trendline will be a decision maker.
For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis .
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NIFTY CONTINUES UPTRENDAS WE CAN SEE NIFTY 50 IS CONTINUING UPTREND BY FORMING HIGHER HIGH AND HIGHER LOWS. TODAY'S CANDLE ALSO SUGGEST CONTINUATION OF UPTREND WHICH SUGGEST WE CAN SEE NIFTY HEADING TOWARDS ITS RESISTANCE OF 11550 - 11600.
ONLY FOR EDUCATIONAL PURPOSE.
NTPC - Complete Technical AnalysisHi Traders,
This stock will provide some buying opportunities in coming days.
As we breakdown the chart, the price has broken through the weekly inner trendline in confluence with the break of SMA 50. This is a good indication that price will test the outer trendline .
The weekly chart formed a double bottom pattern and broke above the neckline, that's another reason to buy this stock.
A thing of concern about this stock is that we have a golden zone between 109.50 - 118.00 level, where price can move in a range before testing the outer trendline .
We should expect some drawdown as price can retest the broken levels. we have strong support at the neckline of double bottom and at the inner trendline .
A break above 130.40 levels marks the end of a 2 year long downtrend, and we will have a bullish outlook on this stock for at least a year and half.
For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis .
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Happy Trading.....
NTPC ::: BREAKOUTDATE: 20 AUG 2020
INSTRUMENT: NTPC
INDICATORS: DAY
PSAR: BULLISH
STOCHASTICS: BULLISH
200 DMA: 101.60
INDICATORS: WEEK
PSAR: BULLISH
STOCHASTICS: BULLISH
INDICATORS: MONTH
PSAR: BULLISH
STOCHASTICS: BULLISH
CMP: 101.10
BUY: 102.60
TGT . 01: 106.68
TGT . 02: 111.76
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
NIFTY50 : BearishNegative divergence and formation of double top on the chart. This type of setup forming before the downtrend in most cases.
ST Nifty BreakoutMajor Points:-
1. Another classic breakout after a short consolidation.
2. Long term uptrend intact.
3. Let's see Nifty could consolidate above 20 days MA and not break 200 days MA.
4. Bank nifty is clearly exhausted. Now the Metals and pharma are helping the nifty.
5. Nasdaq and S&P really consolidating for another breakout. Upside or downside we could see next week.
Good Day.
BREAKOUT IN DEEPAK NITRATEDEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP.
SO ITS BETTER TO WAIT FOR TAKING POSITION.
...
Its only for educational purpose and please consult your advisor before taking position.
Nifty 50 support and resistance Guys every post here is only for educational purpose. Take your own decision.
In comming days nifty is expected to move in this range an if it breksdown it can go to 10800 level.
Hindustan Unilever Daily Chart FIB SupportHUL has been a very stable stock during the COVID crisis. With the broad market showing signs of weakness and HUL being at good support levels, it might just give a reasonable return at a favourable risk-reward.
Larsen & Toubro Fibonacci ResistanceLT is facing stiff resistance from 78.6% FIB as well as 900 psychological level. Given that it is an inherently strong stock, it may be a good idea to consider adding to LT positions if you have a broader investment horizon.
NIFTY 50 long term ViewFrom Current date 18th July Nifty at 10900 +
Step 1: Nifty will retrace 78.6% till 11377.75.
Step 2: To form a Head, NIFTY will fall from 11377.75 to 8800 level.
Step 3: Nifty will then form another shoulder on the right.
Step 4: Nifty breaks below 8800 and falls down to 6225-6350 level which is a big support level.
NIfty Bank Bullish pattern As the Brearish market is fainted away now its time to ride the bull, the market is almost braked its strong resistance of 22300 as it's in a bull phase since 2 days so can make a doji or price action then the real Bull move will come, get ready for the Ride traders, mark target of 23300 for the short term.
Nifty - Crucial Levels Even though Nifty has started trading out of the wedge, RSI is still inside the range and there is a huge possibility that it reverses. Shrinkage in Day Candles size can be seen, which is suggesting that in the coming days there will be a huge move.
The P/E ratio (at 10760) is almost near to the P/E at Nifty Life High (12430).
NIfty 50 - Bullish on monthly timeframeThe indian stock market will see a nominal dip of 300-400 points but will return back to the bullish trend on next month.
GAIL - Potential Stock with Stable GrowthI personally love the stock & it's growth side improvements.
The thing is similar to WIPRO in case of growth between strong parallel range.
GAIL BUY on fundamentals are also working perfectly with low debt & good dividend company.
NIFTY 50 key resistance about to be testedHi traders, NIFTY 50, key resistance is bout to be tested in coming trading sessions. 200 Daily EMA, 0.618 fib level, upper line of rising wedge plus resistance range all lie in the area between 10520-10670. Any rejection here could lead to a significant correction atleast to sub 10k levels. This is the area of high risk and shorts will jump as soon as any weakness in PA is seen.
Politechnical Analysis of BSE Sensex from 2004 to 2024Starting 2004 was a New Era of the Indian Political System wherein former RBI Chief and Finance Minister Mr. Manmohan Singh was elected as the Prime Minister of India.
From there the Indian markets saw a quick growth and transformation, Sensex rocketed from 4800 levels to 21,000 level in a matter of 4 yrs.
Then came the Sub Prime crisis in US which rattled the Global Market crashing stocks market by 60-70% globally.
There on the Sensex took its time to re establish growth. The Congress Govt faced huge backlash from the country on their governance, integrity and top party leaders had to face corruption allegations against them. The markets retested the previous highs of 2008 levels of before Sub-Prime Crisis, but could never breakout. The confidence was in the market was subdued for 6 years and the market just couldn't breakout.
March 2014, was the anticipation month of a new government, new hope, and the markets took that confidence to breakout from the 2008 Pre Subprime crisis highs.
April 2014 the election fever was at high, the market were turning volatile and at the same time an indecisiveness could be felt.
Then came the result month May 2014, BJP won and the markets shot itself up. There were a little blips in between due to Global Economic factors in 2016. But the next two years, saw an acceleration. The Midcaps and Small Caps were outperforming like never before. The amazing earnings of companies kept the markets soaring high.
TRADE WAR, COVID 19 and "Aatma Nirbhar"
Jan 2018, Trump had declared a Trade War on China, the trigger for Indian markets to fall was the Feb 2018 budget. From hereon the growth was subdued, Even though in 2 year the Sensex made a high of 42,000, the growth was only 4-5% over the 2 yrs. The markets kept looking quite weak as the earnings started taking a hit in most of the sectors. The valuations were still soaring and now the markets was expecting something new and big from the Modi lead BJP Govt. Even though the Finance Minister brought some corporate tax reform, which enable the markets to touch 42,000 mark. Just as the government was to bring the $5trillion Indian dream to reality, the world is hit by a deadly Coronavirus (COVID-19). This changes everything. Never ever anyone could imagine that life would come to a standstill. It crashed the markets horribly.
The Prime Minister now takes this decision and brings about a new term that will/may change the future of India. The Aatma Nirbhar Bharat (Self Reliant India). Right now what the markets are actually doing is "Retesting the Governance of Modi BJP 2014".
When I say retesting the governance, technically, the Markets may retest the entire rally from March 2014 breakout which also is a 61.8% fibonaaci retracement level from the lows of Sub Prime crisis to the highs of 2020. If the market is confident of the Modi Govts dream project of "Aatma Nirbhar Bharat" (Self Reliant India), We could see a mirror image (backwards) of 2004 to 2014 and an astonishing swing from 21,121 to 93,000 by May 2024. This rally would be called as "Aatma Nirbhar Rally".
Nifty Trade Setup For Day Or swing Trader !Hello guys,
What are you doing?
As you saw from last 4-5 days nifty Is riding between 9750-10000 level Consolidation between the same zone,
When the price is consolidation between the same zone its means we will see a big move in nifty in upcoming days either its bullish or bearish.
Bt According to elliote wave setup currently we are riding on 4 the wave-making Bear flag as you can see in chart I am bearish in nifty for target 9600-9400-9200, You saw an inverse cup and handle pattern, it makes our winning ration more success in trades
So what will we do next?
Make your view In short sight until Price is not riding above control price, Nifty is weekly support 9720 if it will break in next week we seen Price toward our target.
I am shorting nifty below 9820 For Target 9750-9700-9650 ( Day trader )
Short nifty below 9720 for Target 9600-9500-9400 (Swing Trader )
Between this range, you will see up and down moves so book your profit in this market or using trailing stop-loss in trades
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Thanks
