#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH
NSE: HITECH CMP 559.30
NSE:HITECH
Target 650 ++ 730 (170)
SL 500 (60)
Return 30%+
RR ratio 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
RELIANCE
Bank nifty long position Hi Everyone ..............
Here are some important levels of #banknifty
As you can see banknifty is trying to break the same level (37900-37400) from many days but can't move above and below the levels so take trade only at support and resistance.
*Also do breakout & breakdown trade for bigger profit.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe bears seemed to be in control today as well. The HDFC twins are back to "jaise the" levels as they are now around the pre-merger announcement prices. Reliance is nearing a support and Infy has neared a decider area, too. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsYesterday, we witnessed a euphoric rise in the indices owing to the news of HDFC twins' merger. Today, we saw price testing lower levels, with Nifty giving up 18k and Banknifty almost giving up 38k. VIX is higher, and Reliance is weaker. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHDFC Twins have completely changed sentiments today, helping Nifty close above 18k and helping Banknifty gain 1500 points. In this video, let's take a look at why I had a bullish bias and how we could have analyzed this move + do our daily market analysis.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBulls were able to take charge once again, with Nifty holding fairly well around 17.5k. I feel it's an important sign for the overall trend. Reliance did quite well. My view on the market as a whole still remains the same as I feel it's still a little early to comment on whether this positivity can and will sustain. Curious to hear your thoughts as well.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsEven though the market is still very clearly sideways, it appears as if the bulls are charging up. Of course, there's always a chance that this view fails spectacularly overnight, but I feel there's a chance we might be looking at more of a bullish bias than last week. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe markets still seem to be in limbo. Almost feels like a car that's doing a burn out—the power's there, the action is there, but the car just isn't going anywhere. My view on the market overall still remains the same, but I do feel that Monday might be a decider for some important stocks like HDFC and Infosys. What's your view?
RELIANCE - NSECo website
www.ril.com
39% Market share in telecom ( JIO ) with a possibility of only two telecom servicies to remain in India- Airtel and Jio.
Fast growing broadband presence
Oil bullish for $90 + to pump the bottomline of reliance
Front runner in bringing 5G to india, multiple investments from BIG names-- Facebook, Google, Silver Lake, Vista Equity Partners etc
Focus on renewable energy, control over mass media.
In short- An Elephant
Trivia- look JIO in a mirror and you get OIL, after all data is the new oil :)
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBank Nifty Under Pressure, Nifty Stays Afloat. I feel the trend is similar to what we discussed in the previous videos, so hard to comment on that. Interestingly, today the indices defied global cues and faced choppiness despite VIX falling below 24.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIndices failed to hold higher levels & ended in red. I feel this is not a very big cause for concern as long as the week's lows are held. In fact, if they are held then we could be seeing early signs of a reversal in the short term trend. What's your view?