Nifty outlooks for next week and overall draw on liquidityExpecting all out bullishness on Nifty 50 Index. 25500+
Indianstocks
Nifty Yearly Lows in Place. Time for recovery towards 25000Massive meltdown towards the sellside. Time for all out displacement towards the internal buyside. I feel the yearly lows are in place. Best time to invest for SIP and mutual funds
levels to watch It's clear that analysts, the media, and others who seek the spotlight often try to explain why the markets moved in a certain direction. The irony, however, is that these explanations usually come after the market has already moved, making it obvious that they’re just linking the moves to some news event.
If you pay close attention, you'll realize that technical tools can provide valuable insights ahead of time, helping you predict how the market will behave and where it’s likely headed. For those who’ve read my past articles, you’ll notice I’ve already highlighted key levels for the Nifty index and the potential targets it could reach.
Whether there were tariffs or not, the market was bound to drop. But as I pointed out, the crash is being blamed on the tariffs.
As long as the markets remain below the 24,000 level, we can expect them to target 21,800 and possibly even lower in the coming weeks.
I had booked profits for some of my stocks around the 21,800 level and re-entered short positions at 23,800.
Indian market cannot go bullish until RUPEE becomes strong !a lot of analysts saying Dollar is going to week vs rupees but seeing technical chart, dollar is traded above 50 EMA and never come to touch since October. currently Dollar completed Symmetrical Pattern showing any upcoming momentum may happen, either bullish or bearish is just could say after seeing breakout/breakdown this pattern. To gain strength in Rupee it is required to give USDINR 50EMA breakdown or bearish crossover. Till then the rupee will remain weak and Indian stock market also.
Infosys Vs Nifty IT The markings on the chart are based on the Elliott Wave theory.
The IT index has lagged in strength over the last 1+ year and now seem to enter the next wave C down. While the index made a new high, the internal moves are corrective and divergent on the RSI which makes it a better wave (B) candidate.
The next few weeks should be a sharp fall in the IT stocks as wave (c) tend to be quick and less time taking.
a Sign of Hope..Continuously making LH LL (Downtrend).
Currently at an Important Support level.
Double Bottom formation around 1200.
Bullish Divergence is there on Daily TF, which is a Positive Trigger.
However, the stock will reverse its trend once it will Cross & Sustain 1465 atleast.
& if this level is Crossed & Sustained, we may witness 1700 - 1730 initially.
On the flip side, breaking the Current Level (around 1200), will bring more selling pressure
& we may witness 1000 - 1040.
NIFTY still bearish targeting the 1W MA100 at 22250.The Nifty 50 Index (NIFTY) has been trading within a Channel Down pattern, with its latest Lower High being exactly on the 1D MA50 (blue trend-line). This caused the rejection that initiated the current Bearish Leg.
As we've already completed a 1D Death Cross, the last two times we saw a similar Channel Down was during December 2022 - March 2023 and October 2021 - June 2022. Both of those patterns hit the 1W MA100 (red trend-line) before forming a bottom and rebound.
The March 2023 in fact, was priced exactly on the 0.5 Fibonacci retracement level. With their 1D RSI sequences also identical, we expect the bearish trend to continue for around another 30 days before the Channel Down bottoms on the 1W MA100 - 0.5 Fib cluster. Our Target is 22250.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
HBL ENGINEERING- BEAR CASE: POTENTIAL H&SHBL ENGINEERING- Potential H&S Forming, bear case scenario
Break of the crucial support decisively( full candle close) can test the low wicks earlier tested twice at 360-370 levels also.
Keep a watch on the results also.
HBL Engineering- Possible DOUBLE BottomPossible Double Bottom formed by HBL Engineering, major support held 515-520 on the weekly chart. Breakout above its 726 resistance with a clear close above should target 1000 gradually( the break out target)
KPIT Tech- Support held, upmove in progressKPIT TECH- held the support zone perfectly well, next upmove faces resistance at zones mentioned, 0.5 FIB level is the key now.
Take gains if entered short term trades at levels.
Inverse head and shoulder pattern monthly chart Just for education purpuse
Its look like inverse head and shoulder patern on monthly chart
thanks
stock for swing escorts kubota ltd
buying entry above-3580
stop loss-3030
target-3800-3880-4000++++
Escorts Ltd. is one of India’s leading engineering conglomerates engaged in the manufacturing of Agri-machinery, Construction & Material Handling Equipment and Railway Equipment.
stock for swing KRN Heat Exchanger and Refrigeration Ltd
TF-1DAY
The stock was in a consolidation phase and now it has broken the upper side level.if this candle sustains the 880 level then make plan for entry
STOPLOSS-820
TARGET-940-980-1000++
KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry.
stock for swing MAZAGON DOCK SHIPBULL LTD
BUYING RANGE - 2315-2380
STOPLOSS-1890
TARGET - 2470-2550-2650
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
ZOMATO- KEY PRICE LEVELSThe entire move from the Flash crash level of JUNE 4 on ZOMATO
Targets at lower levels marked, should hit the 0.618 FIB level if we see move below 226 where it stopped yesterday.
May not break 200-207, wick down to 200 possible but likely to hold barring a major sell off
Stops below 200 for short term trades when it does come down to 210 odd
NIFTY Best buy opportunity before +20% rise.The Nifty 50 Index (NIFTY) has been trading within a Channel Up every since the June 2022 market bottom of the Inflation Crisis. Last week it broke below its 1W MA50 (blue trend-line) for the first time since March 27 2023 and this week touched the bottom of the Channel Up.
As long as it closes the 1W candle inside the Channel Up, the trend will technically remain bullish. The standard rally of the previous Bullish Legs has been +20%. As a result, we can remain bullish for now and target 27500 (just below the +20% mark).
If it closes a week below the Channel Up, we may very well see further technical correction until it either hits the 1W MA100 (green trend-line) or the 1W RSI gets bearish below 40.00 towards the bottom of its 3-year Rectangle.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
HERO MOTOR- MAJOR CORRECTIONHero Motor Corp- Almost a 3x from March 2023 to Sept 2024. Now under a severe correction, macro and tech factors in play.
Demand zone is 3600-3850, if breaks crucial 4K level.
Sideways in that zone will be good for accumulation for target back 4500+.
Large caps getting attractive in this fall.
Nifty 50 Index Futures is Sideways NowLongTerm Trend is Up
Short Term Price Action is Sideways.
Will post a long Term View and Short Term view in this Thread
Mangalam Cement: Profitable Long TradeTrade Overview: Mangalam Cement demonstrated a strong bullish move on the 15-minute chart, with all targets (TP1 to TP4) successfully achieved using the Risological Swing Trading Indicator . The trade capitalized on a well-timed entry near ₹919.05, with a stop loss (SL) set at ₹907.45, and hit the final target of ₹994.05, showcasing high accuracy.
Key Levels:
Entry Price: ₹919.05
Stop Loss: ₹907.45
Take Profits:
TP1: ₹933.35
TP2: ₹956.55
TP3: ₹979.75
TP4: ₹994.05
Fundamental Analysis: Recent news supports the price movement:
Strong Quarterly Earnings: Mangalam Cement reported a net profit of ₹32.8 million for the September quarter, signaling financial resilience.
Improved Profitability: The company has shown consistent growth in quarterly profits, boosting investor confidence.
Market Stats:
Current Price: ₹1,007.75 (+1.66%)
Volume: 142.78K (above average)
52-Week Range: ₹610.30 - ₹1,093.70
Mangalam Cement's robust fundamentals and the Risological Indicator's precision have once again delivered a profitable trade setup.
PRAVEG- Potential BULL FLAG on the weeklyA clear breakout on the weekly close will target the ATH for Praveg. Its forming the pattern since it corrected from its high, till the breakout, trade in the range
HERO MOTOR- SUPPORT TESTHero Motor broke out of a crucial level at 2900 where multi month resistance was seen. Post that its rise was halted at 6K+ and now its testing a crucial level of support- 0.618 FIB level , break of which can be bad for the stock -mid term. Correction is heavy on this stock, should watch this level carefully over the next 2-3 weeks.
HBL- Trading levelsHBL- range bound, like many stocks. Should be testing the lower end at 560-570 again in a weak market, ideal entry point for a good 15% or more.
Reliance Industries- YEARLY CHART- A concerning candleAfter 9 years RIL- Reliance is ending the year with -ve gains for the year! A slight concern, or a possible opportunity?
