Get started

Indianstocksanalysis

NIFTY Chart analysis New High what next ❓Hii Traders 😊 Welcome to NIFTY 50 chart analysis for 24th Sep and it making record fresh high in the market 🔺 🛑 Caution ◽ I don't give much preference to technical indicators those were lagging indicators and I don't believe anyone of them . And use just for confirmation purpose and i trade only basis of levels that is Resistance and support levels and through market profile ( and I don't use market profile for execution of trade) if you are technical indicator trader you don't need to read further 😊 . Show me that successful profitable trader who traded based on only technical indicators 🛑 If market has to achieve fresh high means only through fresh Buy's in other words new Buying can only lead market to fresh high 🛑 Today Bulls were took the control and lead to fresh high 🛑 Major contributor's are IT sector, Banking and finance sector , Auto sector which took the market in control and drove the market 🛑 What's the major reason to this bull ❓ Well, U.S. Fed Holds Interest Rates Stable, Hints Tapering May Start Soon ( means Currently there's no changes in interest rate) The U.S. Fed keeps interest rates steady for now but indicated that rate hikes might happen sooner than expected. More members now see the first interest rate hike occurring in 2022 if progress continues as expected This is the reason beyond Market Run Fed now keep interest rate steady and it rise the rate sooner than expected ◽ What will happen if rise in interest rate ❓ ( As I know if I'm wrong kindly correct me) if increase in interest rate then money follow will get reduced and as money follow decreases consumer products price decreases and it maintains inflation rate . Interest will hike only when rise in inflation or expected to be rise inflation so Thier by they can control money follow How money follow will increase inflation ❓ Well, Just imagine interest what we paid for credit card decreases and we will take benefit from that as much as possible and we are spending more money than usuall and we are paying more money for Products and goods it will increase in the inflation rate ( which means our country currency value decreases let take one example just assume that you bought an shoe at 100 Rupees (in Indian currency ) yesterday and same company same shoe will cost 102 rupees today which means inflation reduce currency value by 2 Rs ) I hope that u get it if I'm wrong kindly let me know comment section 😊 ◽ Change interest rate means inflation is increasing so they were try to manage inflation rate by increasing in interest rate which will keep money follow under control ( if interest rate for credit cards increasing would like to spend more money ? So like this they control money follow ) 🛑 Now let move on to analyse the market levels for 24 th SEP and I have given market levels were worked as I told that (you check in profile if whether I'm wrong or right) 🎯 Key levels to watch out intraday levels for day trader ( support and resistance zone for only for intraday traders and intraday purpose ) 🛑 Major resistance zone for Nifty is at 17790-17830 where at this point nifty tried to breakout level in other words it is the level acting as supply zone where shorter's get active and shorting the market ◽ If market breakout resistance zone ie. 17790-17830 then we can see Target of 17930 🎯 ◽ Stop loss for this level is 17730 here market get bounce back from this level and in option chain data also showing support at this zone this is the zone where exactly market taking support ◽markett can shown some weakness if traded below 17750 ◽ if huge gap up happens the don't take a trade let the market correct because market Dont like gaps whether it may be huge gap up or gap down so let market get correct for some time then take the trade if breakout the mentioned level or it can bounce from their ( After bounce let wait to candel close above the resistance level then take a trade don't forget About stoploss ) 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17570-17530 this the region of yesterday's value area means major valume is lies their so it acting as support zone or also called demand zone where buyers get active and drove the market upside ◽ Also this level can called as virgin CPR support area means It pivot point region based on yesterday value area where in active trading session market doesn't touch the that level (those levels or pivot control point are called virgin CPR ) ◽ Market successfully breakdown this level then we can take a trade with stop loss level ie.17620 ( opening level for the previous day if nifty started trading above this level we can say nifty will be strong and can drive the price upside so this crucial STOP LOSS level ) ◽ If breakdown happens we will achieve the Target of 17620 🎯 🛑 Key levels to watch out for nifty futures ➡️ Resistance zone is at 17850-17860 if it breakout this level with simultaneously breakout have to happen in nifty also then go long on nifty futures ◽Target 1 will be 18000 ◽ Stoploss is 17770 ➡️ Support zone is at 17630-17600 If it breakdown this level we can short the market ◽ target will be 17500 ◽ Stoploss is at 17700 🛑 Nifty futures will be weaker below the 17760 -17740 zone and we can see more shorts in nifty futures 🛑 Summary ◽ Resistance level for CE buyers /option buyers is at 17790-17830 ◽ support zone to buy PUT / PE is at 17570-17530 ◽ Nifty will be weaker on intraday basis below the 17750 Thanks for reading 😊 I hope that it will help a lot and I'm wrong kindly comment mine mistake surely I will correct it If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:NIFTY
by agasthya_d
NATCOPHARM Can Be Good For Holding From HereNSE:NATCOPHARM We can add this script in our portfolio for long run lets discuss about chart view first and then target and sl. As you can see on chart it was correcting from long time ago and as per price action rules, Stock will start doing consolidation after a huge fall or huge bull run.. The same scenario visible with this scrpt. After looking at current consolidation we can say there can be huge bull run possible in comming days. You can keep in Watch-List If you don't want to participate this you can keep your view on this. Let's look at level : Entry : 835 Target : 900++ SL : 775 Thnaks, -UD Trend Disclaimer : All Suggestions And Calls Will Be Pure Educational & Self Examination Purpose Only You Can Take Advise Of Your Financial Advisor As Secuirity Market Linked With High Risk.
NSE:NATCOPHARM
by NayanBhatt
1
IndiaBulls Housing Finance can explode on Daily - 75-100% upsideIndiaBulls Housing Finance looks bullish on daily with huge potential upside both from Technical point of view and also based on fundamentals. Fundamentals: ============ The company said in a statement that it will gradually reduce its wholesale book by 33% by March 2022. According to the company, it is also planning to double the retail customer base by March 2025 and said that retail loan disbursals have picked up on the back of rising sale house sales. The lender reported a consolidated net profit of ₹329 crore in the three months to December, down 39.7% on the back of lower income. Its gross non-performing assets (NPAs) stood at 1.75% of gross advances. Had it not been for the Indian Supreme Court’s dispensation on asset classification, gross bad loan ratio would have reached 2.44% as on 31 December. Also, it has restructured 0.95% of its loan assets and its collection efficiency has now reached around 98%. Technicals: ========= The price has tested 0.117 Fib resistance a few times and is showing strong bull power on lower time frames to breach this resistance which will propel the price to 0.236 Fib resistance at around ₹ 400. Also, the Support/Resistance bands are squeezing and turning around showing some strong potential price move to the upside with the extreme top bands coinciding with the 0.236 Fib resistance where the Daily price will have its first test. Breaching this 0.236 resistance level, a big move can be expected to 0.382-0.618 (₹ 600 - 900 range) levels test, given the company hits its fundamental stakeholder expectations and its commitments. The following 4hr chart shows price testing the top resistance bands and a big move is likely upon breach =================================================================================================================== Do Your Own Research on Company fundamentals to get a good idea and its future potential.
ILong
by TradeChartist
7
July Bad For nifty + Nifty in multiiple Time Frame Hello guys, How are you doing Nowadays? Just make it Simple today Bearish Engulfing Candle : Monthly time Frame: What I am doing? I short 1 lot of Nifty at the current price if nifty Rise in a positive direction then I Sell 1 more lot in nifty I am averaging my positions with Sl 10620 TGT @ 10200-10000-9800 Technically I am bearish In nifty It's JUST FOR VIEW TAKE YOUR OWN DECISIONS AND YOU CAN HELP MY CHART WHEN YOU ARE DOING TRADING THANKS
NSE:NIFTYShort
by Trading_buddy
Bank Nifty Weekly Analysis with Elliote wave + Price Action !Hello, guys welcome Back My self Ravindra, Guys please if you like my analysis then like it takes hours for making No more words Please. When you analysis Through elliote wave, Wave 3 is done at 22000 Level which is approx 0.0382 Fib level Its confirm when you making internal wave in 3 rd wave Which is at 13000 So we can consider this as wave 4 Now According to Elliote Wave after wave 5 we see a major fall in bank nifty Around 16000 Points Within weeks does it was a corona effect? I don't think so Because Price has fallen in the first week of January when there are no corona cases in India, Price has fallen until the last week of march When worldwide economy down Stocks moves In a positive direction. According to technical analysis, we have done our 5 th elliote wave at 33000 levels ( We Have done our impulsive Wave ) , Now price is riding on a corrective wave A, B, and C According to my view we will see 23000 levels in bank nifty in upcoming weeks if it will retrace 50 % Then we will see even the price of the bank nifty at 25000-27000-30000 level in upcoming. I am not taking any fundamental analysis So Trade with proper knowledge What did you think why the price rising in this bad economy? Thanks
NSE:BANKNIFTYLong
by Trading_buddy
Strong: Elliote(5+3) + Price Action breakout + Volume profile Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it. Elliote wave: 5+3 =>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave Price Action Breakout: =>>According to its theory its touches there lower value with excess price with pinbar shows rejection to falling more down and move toward control price if it breaks the level of control price then we can see Piramal at upper value soon. Volume Profile: =>> As you know little bit about volume profile you can see Price at this volume high which means institutional investor taking entry at this price for reversal. Buy Strongly ::::: like Like Thanks need your support by liking it.
NSE:PELLong
by Trading_buddy
2
HDFC Sell Setup By Elliote wave + Price Action Breakout + EMABefore we understand HDFC in Multiple time frame, its takes hours to analysis a single chart so please like it. Those who are doing day trading they can sell Hdfc by doing average easy target to reach 1300 level with upcoming days. When you look toward HDFC in a weekly time frame Elliote Wave: =>> As you can see in above chart Impulsive wave (1, 2, 3, 4, 5) done by HDFC bank With fib level 0.382 Which is at wave 4 According to wave principle Now it's riding on Corrective Wave(A, B, C) B which is looking downtrend trend target 1050 Weekly Obviously its takes Time at this level Just for the view. EMA: As you can see I put EMA indicator of 50, 100, 200 Which gives good support to HDFC and Now its Break With retest done by 200 EMA Which is a good sign for Showing Selling Setup. Price Action breakout: =>> In above chart As you can see it breaks a lower-Value after touches previous control price and shifted back to new control price its good sign of changing reversal pattern after a good uptrend. Inside Bar: Weekly inside bar close below the previous one which is Showing selling pressure. Thanks
HShort
by Trading_buddy
Infosys Ltd Technical Analysis Stock Market India Infosys Ltd Technical Analysis Stock Market India Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation. Infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors.
NSE:INFY
by Rajeevmurballa
2