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”.
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Indianstockmarket
Why is Anil Ambani’s Reliance Power up 40%? Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US based investment firm focused on distressed assets in India.
RPOWER announced the deal on Sept. 5, sending its shares surging and at close of trading, the company stock price had risen 9.9% to 23.30 rupees. On Sept. 6, the company’s stocks dropped 6.0% at close of trading to 21.95 rupees.
The abrupt increase in Reliance Power's stocks, albeit short lived, elicited a warrant for explanation from the National Stock Exchange of India Ltd. and BSE Ltd. In its response, the company said it couldn't comment on the price movement and assured that it will make an announcement when necessary.
Perhaps more alarming is the climb in RPOWER’s share price before the announcement. In the two days before the announcement was confirmed, RPOWER’s shares climbed 37%.
Reliance's Power in India
Reliance Power is an electric power generation, transmission and distribution company based in Mumbai, India. It is the country's leading private sector power generation and coal resources company with one of the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy. It has an operating portfolio of 5,945 megawatts.
A member of the Reliance Group conglomerate, the power company has a market capitalization of $992.8 million. In the quarter ended June 30, the company recorded a loss attributable to owners of its parent at 708.4 million rupees against a profit of 122.8 million rupees in the prior-year period.
To support its future plans, the company is considering raising fresh capital from both domestic and international investors. Apart from the recent agreement with Varde Partners, Reliance Power is considering an issuance of equity shares, equity-linked securities or convertible warrants to amass funds that it can utilize in the long run. The company's board will meet September 8 to consider future fund-raising plan.
Operating Within the Ambani Conglomerate
Reliance Power forms part of the Reliance Anil Dhirubhai Ambani Group, which is founded majority-owned by Anil Dhirubhai Ambani. Anil is also the chairman of Reliance Power.
Anil is the youngest son of Indian billionaire Mukesh Ambani, the chairman and managing director of Fortune 500 company Reliance Industrial (NSE: RELIANCE), which is also the most valuable company in India.
The brothers divided their father's business empire a decade ago. While Mukesh, who was Asia's richest man until fellow Indian billionaire Gautam Adani surpassed him, continued expanding his businesses, Anil is currently having troubles with companies defaulting and being put under administration. Nikkei Asia reported that Anil even declared himself to have a personal net worth of zero.
Reliance Power's affiliate, Reliance Capital, is currently on the market with an investor group including the Hinduja Group and Oaktree Capital offering 45 billion rupees for the diversified financial services company, Economic Times of India reported. Also on offer are India's fifth-largest privately owned general insurance company, a stockbroker, a stake in an asset manager and Reliance Capital's 51% share in a life insurance venture with Japan's Nippon Life, among other assets.
While it is yet to be seen if the current troubles of its affiliates will spill through Reliance Power, its recent loss will definitely not boost investor confidence. Furthermore, the company's fundraising initiatives are hardly proving that it is in a very secure position in terms of capital.
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”.
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Shree Renuka Sugars - 240 MinsThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
GENNEXE LAB - WEEKLY CHARTIts looking bullish, waiting for the this to correct and then give us long opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only. we don't focus on the short term move, we look for only for Bullish or bearish impulsive moves on the setups after a good price action is formed. we never get into corrections. it will test our patience and also it will be waiting period.
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
JP POWER WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
RATTAN INDIA POWER - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
HIMADRI SPECIALTY - WEEKLY CHARTIts looking bullish, waiting for the HIMADRI SPECIALTY - WEEKLY CHART - to correct and then give us long opportunities.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only.
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.
Nifty Bearish trend to continue...Nifty has touched the 18000 mark and reversed. Current reversal may see support at 17000, and 16650 levels. obviously, the 18000 mark stands as a strong resistance for the market. So all positions need this figure while building positions for this week. Powell statement shows US may further increase the interest rates which will inversely effect Indian markets
CNXIT - 240 MIN TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
JINDAL PHOTO LTD Clean BreakoutThe idea here is about JINDAL PHOTO LTD.
mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Broken out of Downtrend channel with good volume (NSE).
2. Gartley Pattern completed with entry point confirmed.
3. Support established on 50 & 20 EMA & trading above 200 EMA on weekly chart.
4. Strong Kumo breakout & kumo twist on daily chart (Ichimoku Cloud).
5. RSI is at 52.24 on a weekly Chart.
6. MACD crossed above signal line.
7. Hull Moving Average is a Buy Signal on Daily,weekly & monthly chart.
8. Price may retest the breakout point.
Projected targets as per Gartley pattern 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 please follow my profile for more analysis.
Cheers.
IDFC (Intraday)IDFC is on the verge of a breakout, tomorrow is the result too...
Keep this on your radar, movement is expected on either side.
Tata CoffeeAfter consolidating for a year, this stock may give a breakout.
Volume looks impressive, weekly closing above the resistance may give a good move. Add it in your watchlist.
Important Nifty LevelsLooking at the EU and US markets, expecting NIFTY to trade in a very range bound market...
16700 ~ 16770 look to be good resistance zone (CPR resistance levels 16703)
16500 - 16500 look to be good support zone (CPR support levels 16561)
OI
a. Call writing is quite high at 17K, even 16.7K has good OI
b. Put writing at 16.5K has nearly 6 million contracts
20 delta iron condor for 28th July looks to be in good range, buying tighter hedges will improve the RR and is looking good to provide 3% returns
Important Nifty LevelsBulls getting back last week
Nifty showing strength
However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone
OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI
28th Jul expiry as of now looks like in 16500-17100 range
20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change
#nifty #nifty50 #optionstrading #stockmarket #analysis
GAIL (India) Limited GAIL (India) Limited is committed to reduce carbon emissions and implement renewable projects. GAIL has a total installed capacity of 130.26 MW of alternative energy; out of which 118 MW are wind energy projects and 12.26 MW are solar energy projects. GAIL has installed India’s 2nd largest solar rooftop of ~ 6 MW grid-connected captive solar power plant at Pata Petrochemical complex. Further, roof-top and ground-mounted solar units are also being installed at various offices/ work centers for captive use. GAIL would like to be 1 gigawatt solar and wind both together or any other renewable part in the next three to four years.
SBIN - DAILY TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
NIFTY Daily Analysis - 6thJul2022 - Looks Strong!Hi Traders,
NIFTY looks strong, faces a resistance at 16000 levels.
But looking at the momentum and if the news is positive from US and Crude oil continues to stays around 100$ then we might see a good Upmove from here.
There is a Gap between 16025 - 16170 in NIFTY which might get filled up pretty soon maybe tomorrow or day after looking at the Price Action. NIFTY can also open Gap Up to directly 16170 levels.
On DOWNSIDE, we've good Demand zone between 15900 - 15925 which can act as a Strong Support.
Regards,
Anshul.
(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