Indianstockmarket
Nifty 50 directional analysisAfter a big fall Nifty 50 Index started trending towards north. And today it make a flag pattern on 5 and 15 minutes timeframe. This makes a possibility for it to further trend towards north. So, on next trading day it could possibly touch 16900 and might cross 17000. However if it crosses below 16580-50 then there is a sure shot possibility to short nifty to trail upto 16435.
Nifty possible opening on Monday near 16780.
NESTLEIND Company website- www.nestle.in
Product Verticals ---> Beverages, cereals, chocolates, dairy, nutrition, foods, vending machines
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4% market share, plenty of upside for such a MNC.
Financials- low debt, ascending PAT (12% yoy ), 0 pledged shares, high dividend yield at 180%
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Nifty 50 in Connection with DOW THEORYAs you can see from 18600 Nifty is making new Higher Lows and Lower lows.
As per Dow theory assuming the breakout projects the uptrend and trend reversal considering 16400 as the low.
A New Low should be formed above 16400 to validate this analysis. If 16400 is not respected dow theory is voilated,
and its going to be a bloodbath, Lets hope nifty makes a new low around 17150-250
I will update on the Idea regularly.
Mannapuram Finance for mid term 1) 3 Resistance at the top
2) Multiple supports at the bottom
3) Ascending Channel pattern is formed for more than 3 yrs
4) In Weekly time frame it shows pretty huge buying pressure,which is a good sign for buying
4) Whenever it touches the supports, it gives pretty decent returns by holding at least for 3 to 4 months
5) Risk Reward Ratio 1:4
Disclaimer : Just for education Purpose.
Caution before get in to trading.
Thanks Happy Trading :)
ONGC SHORT TERM SETUPONGC go for a buy if script breakouts and gives you s candle stick confirmation.
aggressive traders can buy after daily chart breakouts
conservative traders can wait for a retracement at new support along with a candle confirmation.
patience will be key also go for min tp of 15% , T1 and T2 are recommended targets
trade with trend is also used as an analysis
NIFTY BEARS ON ACTION SOON IT SEEMS...Fundamentally its bears all over. At this time it seems market are a bit overpriced due to the confusions and panics that fly around due to the covid stats and news.
when it comes to T.A market is at a strong range of resistance.Already we have a clear indication that bears are here for the party.
Go short or just do nothing.
*based on1D charts , for swing trades only
ABBOTINDIA - HEAD AND SHOULDERS - FALL EXPECTED !!ABBOTINDIA and recently made a head and shoulder pattern and also broke its neckline.
Expected that, it will take a pullback towards its neckline and fall again .
Trade Details:
Trade Active : Once testing resistance at 17500-18000 level
Stop Loss: 19200-300
Target: 15400
Happy Trading :)
HDFC BANK 15MIN INTRDAY SETUPhdfc bank inverted head & shoulder plus confluence on 200ema on a daily timeframe
long trade is preferred if the market is bullish in monday, if bearish, then ignore the trade for intraday and wait for daily candle to close by making a bulish
engulfing candle, then enter in the stock for swing trade, and try to catch all time high.