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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
UBL(United Breweries Ltd) Waiting for BreakoutThe idea here is about UBL (United Breweries): United Breweries Ltd a flagship company of UB Group is engaged in the manufacturing and marketing of beverages. 1. Broken out of Ascending Triangle , Double bottom & retesting of support & neck level completed on a weekly chart as per below: 2. Waiting for breakout of Ascending Triangle & Double bottom on a daily chart at the time of publishing. 3. Trading above 20 & 200 EMA on daily chart & weekly chart. 4. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong buy for an upward momentum. 5. RSI is at 59.85 on a Daily Chart & 58.87 on a weekly chart at the time of publishing. 6. MACD Way above signal line on daily & weekly chart . 7. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. This is a very strong signal for upward momentum. 8. Wait for breakout & 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:UBLLong
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
(Tutorial) World Markets & their affect on Indian Stock Market!Hello Traders/Investors, Lets learn World Stock Markets and How it affect us in India on Daily/Weekly and even on long-term basis. Note: this topic is specifically for Traders (specially Day traders) and also Investors might find it interesting read. - US is called mother market and we're (i.e. Indian stock market) child market. - US market gives a queue on how world and our market would perform based on it. - Sectors like Banks (Dow Jones Bank index) n Tech/IT (NASDAQ) work pretty hand in hand with rest of world in terms of giving us a idea of direction towards which sector can have chances of moving by how much %age today. - - SGX Nifty , its a Nifty's Future contract which is traded in Singapore Exchange and gives a good idea on start of our markets. SGX Nifty timings : 6.30 AM to 11.30 PM - Asian markets specially South Korea, Hang Seng n Japan market we should watch carefully in morning to track the direction of markets. We belong to pretty much similar basket. - European Markets, CAC, DAX and FTSE we should get a median of these 3 exchanges to know how much %age they're moving. Just an observation here, our Indian markets usually stay closer to DAX movement. - Emerging markets (short form : EMs) : Emerging markets generally do not have as highly developed market and regulatory institutions as those found in developed nations. Market efficiency and strict standards in accounting and securities regulation are generally not on par with advanced economies (such as those of the United States, Europe, and Japan). - Some of the most rapidly emerging countries include Brazil, Turkey, Russia, India, and China. Also some oil rich nations are also part of this list. - To get a holistic picture of world markets.. get a queue from yesterday's closing of world markets specially US alongwith US futures which are very important. - Then, in mornings look at Asian Markets n SGX Nifty to understand where our markets might open. Around afternoon when European markets open you get an idea where our Indian market might stabilise n close. Also, we can look at European futures to get idea on where Euro markets might open. - Lastly macro economic data like Commodity prices specially Crude oil , USD INR n Dollar Index give a clarity on the markets. Higher Dollar n lower Rupee would cause panic in stock markets usually. Similarly, higher crude oil prices indirectly reduces countries foreign reserves n also affect business due to rising transport costs causing more expenses n less income. - Cryptos movements can also affect markets now days, a big downmove on cryptos n hit many stop losses n cause for margin calls n hence companies might have to liquidate other assets of individuals like stocks etc. go get back their money. - Honest mentions: Sometimes some macros are in news, then in those days stock markets start mimicking their charts.. it can b currency pair USDINR , US 10yrd BOND yield, Crude OIL sudden surge or drop in prices and most recently, NIFTY is pretty closely mimicking the US30 futures chart trend on day trades. - My personal hack: I do all my Technical Analysis on these charts n not just on NIFTY and BANKNIFTY etc. I draw all the Supply n Demand zones, Channels, Trendlines etc. to get queues from them to implement it on my trading in Intraday in India. Usually it works like a charm! World major stock markets timings in IST (i.e. Indian Standard Timings) : North America Stock Exchange Timings: Country Stock Exchange Opening Time (Indian Timing) Closing Time (Indian Timing) US NASDAQ 7 : 00 PM 1 : 30 AM US NYSE 7 : 00 PM 1 : 30 AM Canada TMX Group 8:00 PM 2:30 AM European Stock Exchange Timings: Country Stock Exchange Opening Time (Indian Timing) Closing Time (Indian Timing) UK London Stock Exchange 1 : 30 PM 10 : 00 PM European Union Euronext 12:30 PM 9:00 PM Germany Deutsche Borse 12:30 PM 2:30 AM Switzerland SIX Swiss Exchange 1:30 PM 10:00 PM Spain BME Spanish Exchange 1:30 PM 10:00 PM Asia-Pacific Stock Exchange Timings Country Stock Exchange Opening Time (Indian Timing) Closing Time (Indian Timing) Australia Australian Security Exchange 5:30 AM 11:30 AM Japan Japan Exchange Group 5:30 AM 11:30 AM Hong Kong Hong Kong Stock Exchange 6:45 AM 1:30 PM China Shanghai Stock Exchange 7:00 AM 12:30 PM China Shenzhen Stock Exchange 7:00 AM 12:30 PM Taiwan Taiwan Stock Exchange 6:30 AM 11:00 AM South Korea KRX Korean Exchange 5:30 AM 11:30 AM India NSE and BSE 9:15 AM 3:30 PM You can google n find most of Live market details on many websites, I usually enjoy Investing .com for their simple UI and charts. Please take all positions at your own risks and these are my personal views on analyzing markets. I'm not responsible for any losses incurred by you! Regards, Anshul
NSE:NIFTYEducation
by simplyansh
CHANCES FOR NIFTY TO FALL ?Only an illustration of market considering a long term in monthly chart. The big question is will history tend to repeat itself?. The analysis shown here is just a view on the market considering the theory behind the market and also taking into account about the 100ema as well as possible retracements. This is why the market needs to be approached by a completely neutral position. React accordingly, catch the big bull if markets collapse to similar levels
NSE:NIFTY
by ASHIKTRADEBOX
BANKNIFTY levels, RBI likely to Announce Repo Rate tomorrowWelcome to BANKNIFTY Futures and options and optionchain data analysis for friday... 🛑 RBI will likely to announce Repo and interest Repo rates tomorrow morning at 10AM, due this major event volatility will likely toincreases, ◽ Right now every traders eye is on RBI ◽ Banknifty weekly pivot is at 37500 ◽And monthly pivot is at 37300, 🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages 🎯 Key levels to watch out for day trader 🛑 Major resistance zone for BankNifty is at 38050-38100 ( if see the option chain data on call 38000 CE strike holding more number for short position which will act as strong resistance area to bank Nifty ) ◽ If market breakout resistance then we can see Target of 38300 ◽ Whenever until breakout that resistance level don't trade ◽ Stop loss will be 37950 ◽If gap down or slight gap up happens then 37900 will be resistance zone 🛑 Major support level for BankNifty ◽ Support level for nifty lies at 37550-37460 ◽ Whenever until breakdown this level don't take a trade ◽ if Market successfully breakdown this level then we can take a trade ◽ And we can see the Target 1 will be 37300 ◽STOP loss will be 37550 🛑 levels for banknifty futures will be also same ◽Go long on banknifty Futures if it breakout the resistance ie . 38050-38100 ◽ Don't short the market until below the 37500 Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade If you like it do follow for more have a nice day 😊
NSE:BANKNIFTY
by agasthya_d
8
NIFTY levels n RBI will announce Repo rates by Tomorrow morning Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ...................... 🛑 RBI will likely to announce Repo and interest Repo rates due this volatility will likely increases, every traders eye is on RBI ◽Every trader eye is on RBI ◽ Weekly pivot point 17650 ◽ Monthly pivot point 17450 ( Explained briefly Below I hope that you will like it do follow for more ) 🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity 🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages 🎯 Key levels to watch out intraday levels for day trader 🛑 Major resistance zone for Nifty is at 17900-17950 ◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance) ◽ Stop loss for this level is 17850 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17715-17670 ◽ If breakdown happens we can see the 1st Target of 17570-17550 ◽ stop loss ie .17770 🛑 levels for Nifty Futures will be as follows ◽ Go long on nifty Futures if it breakout our resistance 18000 ◽ Don't short the market until below the 17660 ◽In between range is indecisive If you like it do follow for more have a nice day 😊
NSE:NIFTY
by agasthya_d