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ASHOK LEYLAND BULLISH CUP & HANDLE BREAKOUT | 1:2.5 RR | SWINGAs Nifty is trading above its resistance area, it looks like the growth is being pushed by AUTO and FMCG Sector. AUTO Sector has recently broken out of its resistance area and it seems it will continue to go higher in upcoming weeks. Checking out AUTO STOCKS, Ashok Leyland looks a good pick. The price has broken out of its resistance area and is trading above Daily 200 EMA. Also, the price has broken out a Cup and Handle Pattern, which is a bullish pattern. Entry- 147.5 TARGETS 1- 154 2-160 STOP LOSS For aggressive traders- 144 For conservative traders- 142 This is a SWING TRADE Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
NSE:ASHOKLEYLong
by rohitkukreja
3
Dish TV - 34% Growth Expected In Coming Few DaysThe Price action is forming an Inverse Head And Shoulder with neckline of 16.5. Price is already above 200 Daily Moving Average. Media Sector may breakout soon which can push the prices of DISH TV higher. Once the daily candle closes above, a Long can be initiated Stop Loss- Below the lows of breakout candle with some buffer Targets- 1. 19 2. 22.3 Place stop loss to entry once target 1 is achieved. Always follow Risk Management and Position Sizing.
NSE:DISHTVLong
by rohitkukreja
Hindustan Copper- Bullish | 25% growth expectedThe price was consolidating in an Inverse head and shoulder pattern near the daily support areas. The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal resistance and 200dma. Once daily closes above 200dma and 108.5-109 horizontal resistance, go long. Stop Loss- Below the lows of breakout candle with some buffer. Targets 1. 121 2. 131 Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved. Also, do follow Risk management and Position Sizing.
NSE:HINDCOPPERLong
by rohitkukreja
1
Nifty bankNifty bank has been moving positively from last 3 days and today also it gives a gap up opening and was perfectly consolidating for the 2/3 day but after it was near market closing time started to move downwards as if selling has been done on a large scale. Although it sustained above it's days low and perfectly ended with a Doji formation on a Daily- timeframe reflecting an indecision for tomorrow's opening and operations. However, we are fully optimistic but if it tries to go below 43300 level then we can say its support near 43100/43000. And our resistance will be 43800level if market tries to sustain above 43300 level tomorrow then we will be bullish on it. Thanks
NSE:BANKNIFTY
by TripuraInvescorp
NIFTY weekly forecast view_CW-15NIFTY forecast view ----------------------------- Important levels: --------------------- 17890 17757 17624 17487 17355 17224 Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:NIFTY
by Kaviarasu_Chandrasekar
Bajaj Finserv Ltd - 20.03.2023Dear Followers, Hi Folks. I am posting a Chart after a long time due to the regulatory issues in my country. I have done the analysis on Bajaj Finserv Ltd - Daily Chart from 01.01.2022 - 20.03.2023 The stock has been in a continuous downtrend since past few months. The daily chart have a Double Bottom @ 1246 levels which is considered a STRONG SUPPORT ZONE. The Prices are below EMA. Let the prices go above 1339 to enter a long position There is a Bullish Divergence in RSI which needs a tick up for further upside movement. The stock will create a very good upside movement once it goes above 1339 levels Watch out for the price action. DISCLAIMER: Please be advised that this Chart is for educational purposes only and shall not be consideration as a Buy / Sell Recommendation.
NSE:BAJAJFINSV
by PrashantBhiwaniwala
NIFTY Top Down AnalysisThe idea here is about Nifty 50 Index : My view is Short term Neutral to Bearish (upcoming week) & then bullish for the below observed technical factors. Points as per TA observed on a Weekly, daily & Hourly Chart: Hourly Chart: 1. Bearish Crab Harmonic Pattern observed on a 1H & 4H chart. Target price & Stop Loss provided on chart as per below: 2. Ichimoku is Neutral to bearish since Chikou Span is below the price range & last trading hour was closed below the Senkou Span B: 3. Heikin Ashi, 1H before last closing session was indecisive, however the last hour closed on positive note, Pivots & 20 EMA are bearish since the last trading day was below the previous day closing as per below : Daily Chart: 4. Bearish NenStar Pattern observed on 1D chart. Target price & Stop Loss provided on chart as per below: 5. MACD is below signal line, with RSI @ 55.51 on daily chart with multiple divergences (MACD, MACD Histogram, RSI, VWMACD) as per below: 6. Raising wedge formation with over bought zone confirmation alongside RSI as per below: 7. Ichimoku in Strong buy since Chikou Span is above the price range & trading above Senkou Span A as per below : Weekly Chart: 8. Last week Candle almost ended as a tweezer top as per below: 9. A huge cup formation completed on weekly chart with Handle formation pending with Retracement support around 0.382 FIB with the least possibility according to the current trend as per below : 10. A 3 Drive harmonic pattern in formation observed, note since the market is on a strong trend have considered the retracement levels from 0.382(38.2%) to 0.5(50%) FIB with retracement targets & drive 3 targets on weekly chart as per below: 11. Ichimoku is currently under consolidation, however, the Chikou span is above the price range &trading above Senkou span A which is a strong bullish in long term as per below : 12. Wyckoff theory has a BOS (Break of Structure) since previous high on Oct 2021 & CHoCH(Change of Character) since Sept 2022, the CHoCH support is exactly @ 0.382 FIB on 3 Drive pattern & also a support on raising wedge bottom, with multiple divergence observed (MACD Histogram, RSI, MOM: Momentum, MFI: Money Flow Index). Therefore, 18096 target gets a multiple validations as per below: 13. Additional information: OI (Open Interest) max build for options expiring 15th Dec is around 18,600 for both CE & PE and Max PE is around 18000. NOTE: 14th Dec FOMC meeting outcome will also be a factor to be considered. Targets & Stop Loss provided in chart and screens for different time frames. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). 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 & subscribe for more analysis. The more boost & comments further more motivation for publishing. Let the Trading community & family know about your opinion with comments. Cheers.
NSE:NIFTY
by Tron029
Nifty bankHello Everyone, Today Nifty Bank was trading in a very tight range in the morning session. After than it breaks its support of 41350 and fall unto 41100 after that it tried to rise and breaks its support line of 41350 and move 200++ pts up and hence, ended the market in green. In this whole fluctuation of today's market over view is set to be bullish for next day. We expect it to touch 42000-42300 range which will show a good market condition in the banking and allied stocks. The impact of budget on the market are seeming lightly today as volatility has decreased quiet comparing to past 4-6 trading session. So our trading range for upcoming days is between 41000-42000 (+/- 200pts as per India VIX). Thanks
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bankNiftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach) Some noticing points that I want to clarify are: Nifty bank is consolidating in a fix range which after its range breakout will give a sharp movement to any of the sides. For Short term trade (weekly options) support is 40050/39800/39550 if it goes downward direction. If this consolidation phase continues then we can put our resistance at or near 41000-41350; while support could be set above 39850. (For swing opportunity) Thanks. Disclaimer: This post is for educational purpose only. Please consult your financial advisor before investing. Boost my post if you like.
NSE:BANKNIFTY
by TripuraInvescorp
2
Nifty bankNifty bank was dragged from today's high of 41900 to near 40400 level forming 3 black crows pattern which is clearly spotted under 30 minutes timeframe after that Hammer pattern is formed but it is not forming at the bottom of the trend. So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up opening. Nifty banks immediate support can be taken at 40350-39500 And resistance at 41000-41400-41600. Some important points which can boost the trend towards north:- Adani entreprises FPO fully subscribed. Good news from budget which helps to pump cash in equity stocks for long term investors. Disclaimer: These are my personal views on the market. Please take investment advise from your financial advisor before investing. Like and boost up my post for more such curated views on indices and stocks.
NSE:BANKNIFTY
by TripuraInvescorp
MARUTI - NSECompany website - www.marutisuzuki.com 49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also. 1800cr invested for future EV ready battery projects. Roll out of EV charging infra by 2023 leading to mass acceptance. Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining. We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption. No debt, huge land bank, best service centre presence pan India. When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech ) Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates. A must have in portfolio. BUY
NSE:MARUTILong
by EVOQUE5000
7
Nifty bankToday NIFTYBANK traded in a choppy zone. It stops trade at 42300. Moreover volatility in Indian Stock Market today was low. In a shorter timeframe NiftyBank is forming a flag pattern this may depict a small bounce towards 42900 keeping our stoploss cost-to-cost. However, it is still in its bearish mode watching past weeks data which shows its support near 41800. If you like my thought in a clear and concise then boost up my post. Thank You for your patience and keeping confidence on me. NSE:BANKNIFTY
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bank in a new pattern formationNiftybank was in consolidation zone from last 2 days between 42200-41850. It was the sign where major chunks of old positions were booked and from today onwards new position for next expiry are buildup and in a view of chart we could depict that a W-pattern is under formation which shows its immediate resistance near 42700(+/- 50). Usually we try to give positional outlook on BANKNIFTY to eliminate confusion in a shorter timeframe.
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bankAs we can see Nifty Bank is forming a 3 black soldier pattern on a daily timeframe showing support at 42000. The downward trend will continue as per the formation of next candle on 9th Jan. Before that it seems the market will hold its bearish trend which will go upto 41500. But if it forms a Doji Pattern on next candle then there will me a massive reversal in trend which tends Nifty bank to move upward to reach 44000. Will review on Monday. Boost up my post if it is helpful and insightful.
NSE:BANKNIFTYShort
by TripuraInvescorp
2
Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side. . Increasing volume with an increase in price. . Breakout of consolidation on the daily timeframe of 700-710 levels. . Increasing Relative strength against Nifty 50. . 680-700 levels acting as a good demand zone. Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels . Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action. possible Targets: 800 level and then all-time high levels. (((30% to 45% upside possible with stoploss of about 5%)))
NSE:GNALong
by Travestor12
02-Jan-2023_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:CNXFINANCE
by Kaviarasu_Chandrasekar