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Indianmarket

NIFTY 50, Head And Shoulder formation is in Process.Hi Guys, The current scenario for NIFTY 50 doesn't look good at all. 1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart. 2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December. 3. If you look at the Retracement Levels, You can see that it can't even touch the 50% level which is clearly the sign of weakness. Targets: If it is able to complete the head and shoulder and breaks below 9950 then the key levels to watch for: 1: 9050(Fibonacci Extension level 1) 2: 8000(1.618 extension level)
NSE:NIFTYShort
by aman12
Bank Nifty updates for next 5-6 monthsHi Guys, Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break that level which will open the door for the upside trades. Looking at the recent weekly candle, which is quite bearish it can easily fall around the 23500-23800 where it has some support.
NSE:BANKNIFTYShort
by aman12
Buy INDIA CEMENTSScenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens to be around 108. 108 has been a key level in the past also which indicates it may again act as support and stock may resume it's freshly initiated bull move. A decisive close above 120 may provide for even higher targets of around 130.
NSE:INDIACEMLong
by ExoProd
Is it right time to buy L&T Finance Holdings???There are 2 aspects to analyze any stock. 1. Fundamental Analysis: What to buy 2. Technical Analysis: When to buy 1. Fundamental Analysis, it seems like a good to buy because companies profit is increasing yearly, and operations profit is also increasing which is crucial for any company. Balance sheet also looks good. (Though I am not expert in fundamental analysis, but I have sufficient idea about it.) 2. Technical Analysis: Well, the current price of the share is 149.85, and on Friday it showed some strength. And it has successfully defended the 144 mark twice in last 5 months. And trading in the range 145–150 from last 4–5 days which is signifies that it is working on the bottom formation. So now it totally depends on the time period you want to invest. 1. Long term(1–2 Years): There is a descending triangle forming in the process, in the uptrend and also sitting on the 89 EMA line on weekly chart which providing it a strong support. And it can lead it to at least 250 mark. with the stop-loss below 140 mark. 2. Short Term(3–4 weeks): If you are willing to invest for short term in this stock, then the best area to enter is around 147–150, with the target of around 160 where there will be a decent resistance of 89 EMA line and stop-loss just below 144. will give you the best risk-reward ratio.
NSE:LTFLong
by aman12
Is there a crash(correction) coming in Indian Market??Hi Guys, Here I am going to analyze the 1-Month chart of NIFTY. So this is how it goes:- According to Elliot waves theory, the 1st wave of the next bull run starts from the point of crisis or crash or war or all other depressing events. The major happened back in 2008. So from that point of time, the next bull run began. 1st wave: The first wave of the major bull run(2009-2018) was started in early 2009 which was lasted until October 2010. 2nd wave: The second wave which was basically the correction of the first wave was completed around December 2011. 3rd wave: The third wave started in early 2012 and lasted until Feb 2015 and according to the wave theory, the third wave should be bigger than 1st wave to which it quietly followed beautifully. The third wave was around 1.1 times bigger than the 1st wave. 4th wave: The correction of the third wave started in March 2015 and was completed in around March 2016. 5th wave: The fifth and last wave was started in March 2015 and completed in January 2018 and was almost equal to the length of the 1st wave following the Elliot Wave Principle. So as the supercycle(wave 1) is completed, Now it's time for its correction. Generally, It retraces around 50% to 66% of the base wave. So following that we can see a healthy correction up to 6000-6500 incoming 1-2 years. Another proof for this theory is that it is perfectly following the parallel channel. According to Elliot you only need three points to draw the parallel channel so after having 1st, 2nd, and 3rd wave if draw a line joining 1 and 3 and drawing a parallel line passing through 2 we can have the parallel channel and 4th and 5th wave also perfectly following that. RSI is also giving the Bearish Divergence Signals. The momentum is slowing down. BEARISH ENGULFING www.candlesticker.com Reversal candle also forming on the top. And there is the election is also going to happen next year, and that is also going to have a huge effect on the market. It will be interesting to see how the market is going to react on that.
NSE:NIFTYShort
by aman12