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NIFTY Weekly Volatility Analysis 9-13 Jan 2023 NIFTY Weekly Volatility Analysis 9-13 Jan 2023 We can see that currently the implied volatility for this week is 2.08% With this in mind, currently from ATR point of view we are located in the 53th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: *For calculations, I am using the data since 2022* Bullish: 1.83% movement Bearish: 1.55% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 18325 BOT: 17584 Taking into consideration the previous weekly high/low, currently for this candle there is : 31.43% probability we are going to touch previous weekly high 66.58% probability we are going to touch previous weekly low Lastly, from the technical analysis point of view, currently from Daily timeframe indicates -26.67% BEARISH trend from the moving averages index Weekly timeframe indicates 66.67% BULLISH trend from the moving averages index Monthly timeframe indicates 80% BULLISH trend from the moving averages index
NSE:NIFTY
by exlux
BANKNIFTY Analysis For Next WeekBANKNIFTY Trading Close To An Important Zone It closed above the trendline, We can expect a short bounce in BANKNIFTY on Monday. 39900 to 40000 is a strong support zone as you can see in the image, there's a 200 EMA at 39950 and a pivot close to this range. A good zone to look for buying opportunities in the index. The blue zones are zones where the index can bounce or break down in the coming week. I'm Expecting a bounce back to 43500 to 43650 in the coming week. For more details refer to the image. If you have any queries comment below. Happy Trading !
NSE:BANKNIFTYLong
by StallinTDR
Gujrat Alkalies Bullish ScenarioThe idea here is about Gujarat Alkalies: Gujarat Alkalies & Chemicals Ltd. engages in the manufacturing and sale of chemical products. Its products include caustic soda group, special chlorine derivatives group, sodium chlorate, caustic potash group, chloromethane group, phosphoric acid, water treatment group, and hydrogen peroxide. The firm's products are used in various industries, such as textile, pulp and paper, soap and detergent, alumina, water treatment, petroleum, plastic, fertilizer, pharmaceutical, agrochemical, plant protection, dyes and intermediate, refrigeration gas, and epoxy. Important Note: The Caustic Soda Market witnessed a significant growth as its demand stood at 68.76 million tonnes in 2021 and is expected to grow at a CAGR of 4.95% during the forecast period to reach 141.78 million tonnes by 2035 (courtesy of : www.chemanalyst.com) I am bullish on Gujarat Alkalies due to below observed technical factors. 1. Anti Gartley Pattern Completed on a daily chart as per below: 2. Ascending Triangle on a weekly chart at the time of publishing as per below: 3. Guessing for a possible Sea Pony Pattern on weekly chart & CD price is colliding with Anti Gartley E Swing Price which is also one of the reasons for bullish momentum as per below: 4. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below: 5. Ichimoku Cloud analysis: Senkou Span A possible support and bounce off on a daily chart as per below: 6. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily chart & Weekly chart. 7. RSI is at 39.40 on a Daily Chart & 52.81 on a weekly chart at the time of publishing. 8. MACD Way above signal line on weekly chart & way below on daily chart. 9. Hull Moving average on daily chart is sell & buy on Weekly chart & other moving average is a strong Weekly & monthly chart. This is a very strong signal for upward momentum. 10. Wait for entry point. However, keep in mind about the current market condition. Since the equity is listed on CNXMIDCAP 200 and BSE 500 one can compare it with the movement of the index mentioned for price momentum. Projected targets as per Anti Gartley & Possible Sea Pony Harmonic patterns 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:GUJALKALILong
by Tron029
Divis Laboratories potential Breakout ?The idea here is about Divis Laboratories: Divis Laboratories Ltd is engaged in the manufacture of Active Pharma Ingredients (APIs) and intermediates. The company in a matter of short time expanded their breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.They are actively involved in developing alternate, patent non-infringing processes for APIs, for the inventors to manage late life cycle and leading generic drug manufacturers. My view is neutral at the moment for the below observed technical factors. Points as per TA on a Weekly Chart: 1. Current market condition isn’t been good due to high volatility back in action any trade entries should be done very carefully and cautiously. 2. BSE 100 ( Divis lab included in) has lost 272.58 points on 11th Oct 2022. However, daily candle indicates it can still bounce back as Anti butterfly harmonic pattern observed as per below: 3. Currently under downtrend channel on a weekly chart as per below: 4. Contracting triangle formation inside downtrend channel as per below: 5. Bearish Bat harmonic pattern CD leg in progress at the time of publishing as per below: 6. Trading way above 200 EMA & below 20 EMA on a weekly chart. 7. Ichimoku Cloud analysis: Kumo Breakout strong downtrend & Kumo Twist weak trend on weekly,monthly chart is Strong for an upward momentum for Kumo breakout & kumo twist on daily both are strong downtrend at the time of publishing . 8. RSI is at 37.55 on a weekly Chart and 35.05 on daily chart at the time of publishing. 9. MACD above signal line on weekly & below on daily chart. 10. Hull Moving average and other moving averages on a daily,weekly chart is strong sell & monthly chart is a sell. 11. ADX (Average directional index ) trend strength is at 28.42 on a weekly(ADX between 25-50 is a strong trend) and 14.13 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend). Long Entry : if the price breaks above contracting triangle & breaks downtrend. Short Entry : If price breaks below the contracting triangle and support zone. Projected Target: provided in the chart as per bearish bat Crab harmonic pattern. Stop Loss: Enter only if it breaks downtrend & contracting 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. Cheers.
NSE:DIVISLAB
by Tron029
1
JSW Steel Ltd Double Bottom BreakoutThe idea here is about JSW Steel Ltd: JSW Steel Ltd. is a holding company, which engages in the production, distribution, and trade of iron and steel products. It offers hot rolled and cold rolled coils and sheets; galvanized coils and corrugated sheets; galvalume products; steel doors; and light steel building solutions. My view is short term Bullish for the below observed technical factors. Points as per TA observed on a daily Chart: 1. Broken out of Double Bottom pattern as per below: 2. Broken Out of Contracting Triangle on a daily chart on 27th Oct 2022 as per below: 3. Bearish Navarro 200 Harmonic Pattern observed on a daily chart & Price may retest 678.05 ( Swing B of Bearish Navarro 200) as per below: 4. Trading above 20 & 200 EMA on a weekly & daily chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is a strong upward momentum & weekly is Neutral at the time of publishing. 6. RSI is at 61.77 on a Daily Chart and 56.03 on weekly chart at the time of publishing. 7. MACD above signal line on weekly & daily chart. 8. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. Other averages are strong buy on daily, weekly & Monthly. 9. ADX ( Average directional index ) trend strength is at 18.30 on a daily & 7.45 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend. 10. No divergence observed. Projected Target with %: Double bottom & contracting triangle provided in the chart. However, would recommend for retest to be completed. Stop Loss: provided in chart. Wait for retest confirmation on daily chart for double bottom. 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:JSWSTEELLong
by Tron029
GNFC Potential BreakoutThe idea here is about GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd): Gujarat Narmada Valley Fertilizers & Chemicals Ltd.is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology.The products and services offered by the company include Fertilizers- GNFC is one the leaders in the domestic fertilisers industry. The company manufactures and markets fertiliser such as urea, ammonium nitrophosphate and calcium ammonium nitrate under the brand NARMADA. It is also engaged in importing urea, diammonium phosphate (DAP) and muriate of potash (MOP).Chemicals- The company has also set up core chemical and petrochemical plants that manufactures products such as methanol, formic acid, nitric acid, acetic acid and many more My view is Bullish for the below observed technical factors. Points as per TA observed on a Weekly,Daily & Hourly Chart: 1. Contracting or symmetrical triangle observed on a weekly chart as per below: 2. Doji/Spinning top candle formation on weekly chart which indicates the continuation of trend (upward) as per below: 3. Apex point Breakout & Support established with huge breakout in volume & Bullish pin bar candle formation on a daily chart observed as per below: 4. Bullish Gartley, Bearish Anti Crab & Bullish Navarro 200 pattern formations completed within the range of contracting triangle with Gartley & Navarro 200 targets been still active on a weekly chart as per below : 5. Falling wedge observed on 1H chart with breakout & reconfirmation as per below: 6. Inverse Head & Shoulder formation in progress on 1H chart with completion of left Shoulder & Head completed with 20 & 200 EMA support established as per below : Inverse H&S target once completed will lead to breakout of contracting triangle on weekly chart 7. Trading above 20 & 200 EMA on a weekly & 20 EMA support established on daily chart at the time of publishing. 8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly is a strong upward momentum & Daily is Neutral at the time of publishing. 9. RSI is at 52.64 on a Daily Chart and 53.03 on weekly chart at the time of publishing. 10. MACD almost touching the signal line on daily chart & below signal line on a weekly chart at the time of publishing. There is a high possibility of MACD crossover on weekly chart. 11. Hull Moving average & other averages are strong buy on daily & monthly. However Hull moving average is a sell on weekly and other averages is a Strong buy. 12. ADX ( Average directional index ) trend strength is at 14.02 on a weekly & 12.83 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). 13. No divergence observed. Projected Target with %: provided in chart. Stop Loss: provided in chart. Entry point: Conservative trades can wait for breakout & retest of contracting triangle. Aggressive & risk trades can enter at CMP. Note: The center has approved an additional Subsidy on fertilizers for winter planting season. 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 & subscribe for more analysis. The more boost & comments further more motivation for publishing. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GNFC
by Tron029
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NSE:NIFTY
by Dhan
11
NIFTY 50 Weekly Forecast Analysis 28 Nov-2 Dec 2022 NIFTY 50 Weekly Forecast Analysis 28 Nov-2 Dec 2022 We can see that this week, the current implied volatility is around 1.85% , same as last week. According to ATR calculations, we are currently on the 51th percentile, while with INDIA VIX we are on 12th percentile. Based on this data, we can expect on average, the movement from open to close of the weekly candle to be : In case of bullish - 1.82% In case of bearish - 1.55% With the current IV calculation, we have currently 24.3% that the close of the weekly candle is going to finish either above or below the next channel: TOP: 18771 BOT: 18090 At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week: 26% chance that we are going to touch the previous low of the weekly candle of 18125 78% chance that we are going to touch the previous high of the weekly candle of 18535(already hit) Lastly from a technical analysis point of view, currently 80% of the moving averages rating, are insinuating we are in a BULLISH trend.
NSE:NIFTY
by exlux
Nifty is looking Indecisive. 🤑 Nifty is likely to be INDECISIVE till it's between 17940 and 18155. ❓ Reason: Because Nifty is in between ATM Machine Yellow Zone. 🚧 Upside Hurdles: 18305. 🚧 Dowside Hurdles: 17860. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟡 Positional Trend is Indecisive. 🔴 Long Term Trend is Negative. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @ohotrading
NSE:NIFTY
by OhoTrading