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NIFTY Hit our long-term target. What's next?The Nifty 50 Index (NIFTY) gave us an excellent bottom buy opportunity last time we looked into it (November 03) and hit on Thursday our 21000 target (see chart below): We've been receiving a lot of messages on what's next for this index. Well if we turn the Channel Up into the logarithmic scale, we can see that the price is almost on its Top (Higher Highs trend-line). The 1D MACD is about to form a Bearish Cross and the 1D RSI is pulling back aggressively after being extremely overbought at 85.00. Technically this is a sell signal and even though the shortest decline within the 18-month Channel Up has been -3.74%, we see more similarities with the September 13 2022 top, hence we will aim for the 0.382 Fibonacci retracement level at 20500, initially at least, where contact should be made with the 1D MA50 (blue trend-line). If the price breaks below the 1D MA100 (green trend-line), we will short again and target the bottom of the Channel Up at 19300, which will also be a -11.03% decline, similar with the strongest one on March 20 2023. ------------------------------------------------------------------------------- ** 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
ANANTRAJ (NSE) -Is it good time to invest in Anant Raj? Multi year breakout ARL, the flagship company of Anant Raj Group, was incorporated in 1985 and started manufacturing of ceramic tiles later in 1985 and subsequently got listed in 1989. Later, the company also operated as a contractor for the Delhi Development Authority. In 2003, the company entered into Real Estate Development as 'Anant Raj Limited'. The company gradually acquired land parcels and currently has approximately 1050 acres in the Delhi, NCR and Haryana. The group is promoted by Mr. Ashok Sarin and family. Key Assets The commercial assets include three IT Parks at Rai, Manesar and Panchkula, one shopping mall in Karol Bagh, Commercial Building at Sector 44 Gurugram and two hotels that provide steady rental income. Co. has a total developed area of 5.5 msf commercial space of which ~30% space is already leased out and generating income. Revenue (FY20) Real Estate Sales: 89% Rental and Services: 11% 🚩 Rating withdrawn due issuer not cooperating Disc: No invested , Disclaimer Information shared, and all content we produce is intended for education and entertainment purposes. Any advice is general advice only and has not taken into account your personal financial circumstances, needs or objectives. No, buy or sell recommendation. Before acting on general advice, please speak to a financial professional.
NSE:ANANTRAJ
by Peaceful-Weekend-Investing
Expected continuation diamond pattern formationA continuation diamond pattern, also known as a diamond bottom or bullish diamond, is a technical analysis chart pattern that usually occurs during an uptrend and signifies a temporary pause or consolidation before the price resumes its upward movement. It's considered a continuation pattern because it typically results in the continuation of the existing bullish trend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
BSE:ASALCBR
by hardeepssethi
wave III of 3 in CARYSIL...upside potential of 25%Carysil Limited, together with its subsidiaries, manufactures and trades in quartz kitchen and stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories in India. The stock is seen making impulse waves to the upside since Jan 2023. It made the first impulse (wave 1) from Jan. - April 2023. Wave 3 seems to have started off in May 2023 and is likely getting extended. Wave I of 3 was formed between May and July 2023 and then there was a 75% retracement of wave I from July-oct. Wave III of 3 has now kicked off and volume too is picking up. The projected target for this wave should be the 850-870 zone SL 650 CMP 696 Target 860
NSE:CARYSILLong
by neeraj_2_sharma
Wave V of 3 in INDIGOThe airline company is seen trying to begin the wave iii of V of 3 in an attempt to go past previous ATH and then towards the 3K mark. It should also be noted that Indian airlines will operate a total of 23,732 flights every week during the winter schedule( approved by the Directorate General of Civil Aviation (DGCA). As per the new order, the said number of departures is an 8 per cent rise in the number of flights compared to a year ago period. Since indigo is the largest Indian passenger carrier it will benefit from this upbeat schedule. It presents a good trading set up with excellent RR SL- 2390 TGT- 2790
NSE:INDIGOLong
by neeraj_2_sharma
BLS International - Looks Good!The price has recently broken out to the upside after a period of consolidation, indicating that the prior upward trend is likely to continue. A Symmetrical Continuation Triangle with a bullish bias is characterized by two converging trendlines. During this formation, prices make lower highs and higher lows, creating a tightening range. As the pattern evolves, trading volume tends to decrease, reflecting market uncertainty and indecision. It's important to note that the breakout occurs before the triangle reaches its apex, the point where the trendlines meet. What's particularly noteworthy is that the price breaks above the upper trendline with a noticeable surge in trading volume, serving as confirmation that the pattern is a signal for a continuation of the previous uptrend. This breakout suggests that the market sentiment has shifted back to a more bullish stance, potentially leading to further price appreciation. Note at below RSI Vs Price divergence also noticed! PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:BLS
by hardeepssethi
NIFTY Excellent long-term buy opportunity.Nifty 50 Index (NIFTY) has been trading within a long-term Channel Up pattern since the June 17 2022 low and recently has found itself on a correctional 1.5 month wave under the 1D MA50 (blue trend-line) towards the 1D MA200 (orange trend-line). Last week the 1D RSI breached the 30.00 oversold mark and immediately rebounded. It hasn't been that low since June 17 2022, which was the very start of the long-term Channel Up. As a result, those are indeed technically underpriced levels and this Channel Down correction on the RSI resembles the bearish leg of August - September 2022, which stopped before the 0.5 Fibonacci retracement level and resumed the Channel Up uptrend. As a result, if the 1D MACD forms a Bullish Cross (as October 17 2022), it will confirm the oversold bullish reversal signal of the RSI. As long as the 0.5 Fibonacci level (18530) holds, we are bullish on the index, targeting the -0.236 Fib ext at 21000 (which is where the December 01 2022 Higher High was priced). It has to be mentioned that the symmetry of the Channel Up rallies is indeed quite strong. ------------------------------------------------------------------------------- ** 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:NIFTYLong
by TradingShot
NIFTY Shifting to a long term buy.Nifty 50 turned oversold last Thursday on the 1D technical outlook and that attracted investors which restored the timeframe from oversold to just bearish (RSI = 38.950, MACD = -141.600, ADX = 34.223). This shows considerable buying strength, a little over the 1D MA200, a support level that is holding since April. The price action look very much like August-September 2022, when again a nearly oversold 1D RSI on the 1D MA200, kickstarted a rise to a HH on the 1.5 Fibonacci level. We see a similar trend emerging, so take this opportunity to enter in its start and target again the 1.5 Fib (TP = 20,950). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NSE:NIFTYLong
by InvestingScope
NIFTYBANK 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.... Tradelikemee Academy
NSE:BANKNIFTYShort
by Tradelikemee