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BPCL: Gearing up fly high - Know Why!Daily Time Frame: Key Points: Breakout Confirmation: The stock has decisively moved past its 4 years long resistance, confirming the breakout. Volume Surge: Accompanied by high trading volume, indicating strong market interest. Target Potential: Eyeing a 50% upward move based on technical analysis. Why This Matters: Momentum: Breakouts like this often lead to sustained trends. Opportunity: Ideal for traders looking for growth stocks with strong technical setups. - Above 620 it will start to shoot and also EMAs have confirmed the bullish trend continuation. - If you have liked my chart reading and analysis, don't forget to leave a comment and boost the post. - Wish you all a profitable trading journey. Cheers! Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing. Thanks & Regards
NSE:BPCLLong
by SuperNova396
2
Swaraj Engines Boy , 🚜 and daddy - what next? NSE:SWARAJENG ~ Stock has stuck in a range for the last two years, line in a box ~ exactly playing from the last analysis horizontal line drawn ~ stock when below oblique support line and now trying to come back to its rails ~ check out below analysis from Sept 21 2022 ~ Getting 120% in slightly over a year ~ Those not locked in profits will be stuck for the next rally. ~ A simple range analysis of the stock over the years tells the company's story. ~ With M&M now as the parent company - I don't know if there will be any wings for growth for this company. ~ Makes engines for tractor disc: Have small tracking position, I should have existed as per my time stop but still holding :)
NSE:SWARAJENGLong
by Peaceful-Weekend-Investing
Macro Monday 47 – Major Trading Opportunities In IndiaMacro Monday 47 – Major Trading Opportunities In India 10 Reasons why you need to pay special attention to India’s economy Before I start there will be major market opportunities in India that will present over the coming 12 - 36 months in India. As an investor or trader, you cannot ignore this market. 1. India is on track to become the world's 3rd largest economy by 2027, surpassing Japan and Germany (currently India is 5th). This provides a major 3 - 5 year potential investment opportunity in Indian index funds and specific stocks in India. 2. India overtook China as the most populous nation in world in April 2024 (1.435b vs 1.425b). 3. Approximately 65% of India’s population is below the age of 35, and half are below the age of 25. In years to come this will represent a larger innovative workforce with the potential for higher productivity and increased consumer demand from this younger demographic. 4. India has the fastest GDP growth in the world. A minimum of 6% in GDP growth is expected over the next five years, separating it from both the broader emerging market cohort and from slower-growing developed markets. We noted on last weeks Macro Monday that Brazil’s GDP growth was expected to range between 2 – 2.9%, India’s GDP is expected grow at twice this rate. 5. In the shorter term India has a major domestic election concluding in June 2024. Between 1999 – 2019 India's Nifty 50 Stock Index historically tended to exhibit a positive trend six months preceding and following federal elections. A 20.5%+ increase prior to Election conclusion, 3%+ one month after election and 14.4% in the 6 months post-election. Election Season is great for the Indian Stock Market and we are right in the middle of it. 6. India has emerged as a global economic player striking deals with the US, Russian and China, having exceptional relations with all three. India actively participates in international forums and in shaping economic policies. Its presidency of the G20 in 2023 showcased its economic prowess and diplomatic finesse. This all translates into India showcasing that it is in growth mode, but more importantly, that it is economically stable, diverse and reliable. 7. According to Blackrock their emerging market ETF inflows into Indian indexes exceeded $4.4b in 2023 whilst total flows into all other EM countries ETF's combined to only $1.1b, clearly demonstrating a major influx of capital into India ahead of other EM's. 8. Indian equities earnings estimates are predicting a market with potentially prolonged and stable earnings growth. Analysts are expecting general Indian equities to post 13.8% earnings growth in the next 12 months and 14.4% in the next 18 months. Longer-term estimates call for 14.5% year-over-year earnings growth by year-end 2026. There is an incredible opportunity for TA chartist’s and investors to move into individual stock selection with the wind at their backs as the Indian Economy moves into what maybe its golden economic era. 9. Over the past two decades, India’s main stock benchmark, the Nifty 50, has offered 15.0% annualized returns in USD terms, more than double the 6.8% offered by the majority of other global Indexes and this is expected to continue. 10. India has made remarkable progress in reducing extreme poverty. Between 2011 and 2019, the share of the population living in extreme poverty was halved. This trend emulates what China achieved between 1990 and 2011 when they halved the amount of people living in extreme poverty in China. In the decade that followed China became the world’s second-largest economy, surpassing Japan. As mentioned in No.1 above, India is expected to become the 3rd largest economy in the word, overtaking Japan by 2027. Now that we have a good understanding of this major positive macro-economic trend in India, let’s have a look at some general indices where some great opportunities are present. Please note that India is firmly on my Radar now and more specific equities charts will be posted as I discover them. Ishares MSCI India ETF - AMEX:INDA The iShares India ETF is an exchange-traded fund that aims to track the performance of the MSCI India Index. This index includes large and mid-sized companies in India's equity market. Here are the top 5 holdings of the iShares MSCI India ETF (INDA) along with percentage allocations and brief descriptions: 1. Reliance Industries Ltd (8%): Reliance Industries is a conglomerate with interests in various sectors including petrochemicals, refining, oil and gas exploration, telecommunications, and retail. It is one of India's largest companies by market capitalization. 2. ICICI Bank Ltd (5.36%): ICICI Bank is one of the largest private sector banks in India offering a comprehensive range of banking products and financial services to individuals as well as corporate clients. 3. Infosys Ltd (4.41%): Infosys is a global IT consulting and services company that provides software development, maintenance, systems integration, outsourcing, and other technology-related services to clients across industries worldwide. 4. Housing Development Finance Corporation Ltd (3.76%): HDFC is a leading provider of housing finance in India. The company offers various loan products and services to individual homebuyers as well as corporate clients engaged in real estate development. 5. Tata Consultancy Services Ltd (3.23%): TCS is another major IT consulting and services company from India that offers a wide range of digital transformation solutions to global businesses across industries such as banking & financial services, manufacturing, healthcare, retail, and more. Please note that these holdings are subject to change over time based on market conditions or fund manager decisions, however this is on the 2024 prospectus. These could be good starting stocks for investors seeking to pick individual stocks in India as they have the backing of analysts in one of the largest funds in the world. The Ishares India ETF Chart SUBJECT CHART ABOVE ▫️ Price has broken to new highs and now bounced off the 21 week SMA. ▫️ A potential parallel channel break out with a target at c. $68.00. ▫️ Good risk reward on a potential trade at 4:1. Entry here at $52.97. ▫️ You could raise the stop to of approx. $50 and make it an RR 7:1. ▫️ The DSS Bressert appears to be crossing and about to move upwards but this is not a guarantee yet. This outcome would be ideal. ▫️ Price could revisit the breakout point at c. $50 - $51 which would be a more ideal entry but given the positivity in the Indian market, election season, the fact we are making new highs and are above the 21 SMA, coupled with a DSS Bressert cross looking likely, this is a very reasonable long term set up.A potential parallel channel break out with a target at c. $68.00. ▫️ Good risk reward on a potential trade at 4:1. Entry here at $52.97. ▫️ You could raise the stop to of approx. $50 and make it an RR 7:1. ▫️ The DSS Bressert appears to be crossing and about to move upwards but this is not a guarantee yet. This outcome would be ideal. Price could revisit the breakout point at c. $50 - $51 which would be a more ideal entry but given the positivity in the Indian market, election season, the fact we are making new highs and are above the 21 SMA, coupled with a DSS Bressert cross looking likely, this is a very reasonable long term set up. India NIFTY Mid Cap Select Index - $NIFTY_MI The India NIFTY Midcap Select Index is a stock market index that represents the performance of 25 mid-sized companies listed on the National Stock Exchange (NSE) in India. Stocks are selected from the Nifty Midcap 150 index based on availability for trading in the Futures & Options segment, market cap and average daily turnover. Stock weights are based on free-float market capitalization. Here are the top 5 holdings of the NIFTY Midcap Select Index along with percentage allocations and brief descriptions: 1. Indian Hotels Co. Ltd (7.1%): IHCL and its subsidiaries bring together a group of brands that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for discerning travelers, SeleQtions, Vivanta, Ginger, and amã Stays & Trails. 2. Persistent Systems Ltd (5.69%): Persistent Systems is a global company specializing in digital engineering and enterprise modernization services. They offer solutions in banking, financial services, healthcare, life sciences, and technology sectors. 3. Cummins India Ltd (5.65%): Cummins designs, manufactures, sells, and services diesel and alternative fuel engines, generators, and related components. They are known for their innovation in power solutions and corporate responsibility. 4. Lupin Ltd (5.40%): Lupin is an Indian multinational pharmaceutical company and one of the largest generic pharmaceutical companies by revenue globally. Their key focus areas include pediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis. 5. Housing Development Finance Corporation Asset Management Company Ltd (5.21%): HDFC AMC operates as an investment management firm, offering portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies in India. Please note that these holdings are subject to change over time based on market conditions or fund manager decisions, however this is on the 2024 prospectus. The Chart ▫️ The India NIFTY Mid Cap Select Index chart is more promising than the Ishares MSCI India ETF. ▫️ There is a defined upward channel under which the 21 week SMA is providing support. ▫️We have broken recent highs, local resistance and a have a DSS Bressert Cross turning up. All three are bullish signals. ▫️A great risk reward set up is available here at 11:1. You can alter this to suit your risk tolerance or how long you want to remain in the trade. I would be inclined to lower the stop because the RR is weighted heavily to the upside. ▫️It is possible that we get a retest of the breakout area also, but given the DSS Bressert Cross and upwards momentum, I lean more directly bullish. Indian Rupee (INR) Currency Risk There is a currency risk with the second trade in the NIFTY Mid Cap Select Index as it is denominated in the Indian Rupee (INR) which has been on a long term decline against the USD since Aug 2011. If we were to move to the bottom of the current long term pennant we could lose c.5% in currency devaluation in this trade. This could happen over a couple of months, so its something to keep an eye on. Here is the INR/USD Chart for reference: Summary: There is a unique opportunity to make significant returns from one of the largest and fastest growing countries in the world. I listed 10 reasons why India's economy has major promise: 1. Projected to 3rd largest Economy by 2027 2. Largest Population in the world (since Apr 2024) 3. 50% of population are <25 years of age, 65%<35 4. Fastest GDP growth in the world at 6% 5. Election Season = 14 - 17% return historically (within 8 months of current juncture in May 2024) 6. India's presidency of the G20 in 2023 showcased its economic prowess and diplomatic finesse. 7. Three times more capital flowing into India ETF's vs other emerging market ETF's 8. Analysts predict 14.5% YoY growth in Indian Equities. 9. Over the past two decades India's Nifty 50 has offered 15.0% annualized returns in USD terms 10. In India the share of the population living in extreme poverty was halved between 2011-2019 We then looked at two India Indexes that are looking very positive and have a great risk:reward trade set ups in the $NIFTY_MI and the $INDA. We also covered off some of the indexes individual holdings as these might be worth looking at. Finally we created awareness of the currency risk that exists on the $NIFTY_MI chart. If we want to take advantage of this blooming economy in more specific and targeted ways, we will likely need to trade in the Indian Rupee XETR:INR at some stage. So we need to be familiar with the chart and the currency. We projected that it could decline by 5% against the dollar over a 6 - 12 month period so this should be factored in. This is not a prediction. It could show strenght against the dollar and break out of its downward pennant. Time will tell. All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the South America market has performed. I hope its helpful. PUKA
CBOE:INDALong
by PukaCharts
possible Head & shoulder patternthere is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it. also, please do not take any decisions too quickly based on this as patterns are for very short term but in the long term I'm still very bullish on the midcap and smallcap index.
NSE:NIFTYSMLCAP250
by anmol18888
CROMPTON - DAILY CHARTThe 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. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy K G
NSE:CROMPTONLong
by Tradelikemee
BAJAJ FINSERVEThe 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..... Tradelikemee Academy Saanjayy K G
NSE:BAJAJFINSVLong
by Tradelikemee
3
NLC INDIA DAILY TIME FRAME - MY VIEWThe 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..... Tradelikemee Academy Sanjay K G
BSE:NLCINDIALong
by Tradelikemee
NITIN SPINNINER DAILY TIME FRAME The 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..... Tradelikemee Academy Sanjay K G
NSE:NITINSPINLong
by Tradelikemee
NIFTY did a MACD Bearish Cross. 1-month correction very likely.The Nifty 50 Index (NIFTY) gave us an excellent bottom buy opportunity on November 03 2023 (see chart below) easily hitting our 21000 target and transitioning into a longer term Channel Up: Right now the index is coming off the strongest 1W red week since October 23 2023, the first pull-back after a series of 4 straight green weeks. This week will complete a MACD Bearish Cross on the 1W time-frame, the first such formation since September 25 2023 and before that, December 26 2022. Naturally this is a technically bearish pattern and being so rare suggests that it shouldn't be taken lightly, even though we have been on this Channel Up since June 2022. More specifically, those 2 MACD Bearish Cross occurences delivered monthly corrections of -6.75% and -7.45% respectively, so an average of -7% pull-back. Both also hit the 0.382 Fibonacci retracement level from the Channel's last Higher Low. As a result, assuming a minimum correction of -6.75%, we are now turning bearish on NIFTY, targeting 21100. That may make contact, or at least come very close to the 1W MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYShort
by TradingShot
SBI Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-17-2024 RED TrapZone with Divergence after Green UMVD. Lets see what shows up after the divergence on UMVD.
NSE:SBIN
by SnowflakeTrader
ICICI Bank Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-18-2024 GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment. Immediate support around 975 price area
NSE:ICICIBANK
by SnowflakeTrader
BANKNIFTY Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-15-2024 UP trend with Green TrapZone and UMVD. Price has not retraced to TrapZone yet. Strong momentum up.
NSE:BANKNIFTY1!
by SnowflakeTrader
NIFTY 50 120 MINS CHARTThe 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..... Tradelikemee Academy Sanjay K G
NSE:NIFTYShort
by Tradelikemee