JSL ( Jindal Stainless Limited ) looking goodCompany increasing Profits every quarter for the past 2 quarters
and share price above short, medium and long term moving averages..
FII increasing their shareholding.
Stockmarketindia
ACI - Bullish Consolidation BreakoutNSE: ACI is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Nifty analysis as on 2023.05.23NSE:NIFTY
Possibility 1 (Blue color waves): Nifty is currently in Flat correction ABC. Ongoing phase is wave B, which should end around 18458 and then Wave C should start which takes Nifty back to the level of end of Wave A 18060.
Also, it may happen that wave B extends beyond 18458 till 18570-18610 as part of expanded flat correction type ABC.
Possibility 2 (Orange color waves): Nifty is currently into impulse waves 12345. Ongoing wave is wave 3, which should end around 18650.
In any case, the immediate key level for Nifty is 18460. Daily close above it can take it to 18570-18610 level.
APTECH! THE NEXT BIG THING!!!A BO in the monthly tf!
A range of over 760% broken out!
Tighten your seat belts fellas!
We're about to take off!
My only concern is the volume which seems to be a bit low!
Lets see!
Long in it!
JTLIND showing some strength!!!The stock has offered a lot to its investors till now!
It has been moving quietly taking support between 100ema and 200ema!
A event is coming up for the company and we can expect for some positive moves!
The range is between 285-350!
Hence, you already know my stoploss!
Will be targeting 400 if the range is broken and will trail sl further for 0.786 fibo levels!
Long in it!!!
Nifty50 Day End analysis: 2023.05.19NSE:NIFTY possible view in coming week 22.05.2023 - 26.05.2023.
Looks like today Nifty has completed (ii) of c.
Also, RSI above 50 on hourly chart at the end of day resolves the previous RSI positive divergence on hourly chart.
The view stays invalid if price moves above 18297 (top of wave b) before reaching end of wave c.
Nifty50 Analysis: 2023.05.19Medium term view (no short term):
- It looks like Nifty50 is forming a leading diagonal as part of wave a (yellow line).
- Currently it may be into wave iv of wave a.
- For this set up to be true, Nifty must reach around 18200 to mark the end of wave iv and from there retrace to form wave v of wave a. The entire wave a should complete around 18000.
- After completion of wave a, Nifty should touch around 18180 - 18230 to complete Wave b.
- After completion of Wave b, it should all fall down to the level of 17850-17800, which is also 38.2% retracement of entire impulse since previous bottom of 16828.
Nifty50 Day start analysis: 2023.05.18Nifty50 has completed Wave b and is not into beginning of Wave c.
The possibilities of end of wave c marked on the chart.
SL set shall be top of wave b.
Nifty50 Day end analysis: 2023.05.17Elliott Wave Analysis for Nifty50
Nifty 50 has probably completed Wave a today for ABC corrective pattern today and is midway into Wave B.
View for 2023.05.18 is bullish for first half and bearish for second half.
Strong Momentum Stock !! Deep Industries Ltd.As on Chart Analysis Stock Gained more than 20 % in one Month
Stock Break Previous high, and make new all time high @ 167.85
now stock can Retest B.O level and set to Jump again .....
That Can Move 161/163 to 180, above in coming days ....
SL 136
( Company's Fundamentals are Good )
only Educational purpose ...
BANK NIFTY is ready to witness major levels! GET READY! MOST AWAITED BREAKOUT both, daily and weekly time frame. Bullishness in RSI, a breakout after a long consolidation. This week if Bank Nifty closes with a bullish candle, banking stocks can witness a sharp rally. Today, many banking stocks have performed well. This is a great opportunity if you are planning to invest in banking stocks for a long time, But be "CAUTIOUS", and wait for a bullish weekly close.
Want to know more?
Comment Please!
Market Day Ahead (29th March) - Our views on FINNIFTYAssuming Nifty Financial Services (FINNIFTY) opens between 17700 and 17600
Long Position
If there is a closing above 17710. We will be initiating a long position for targets of 17770 and trail for target of 17880
Short Position
If there is a closing below 17600. We will be initiating a short position for targets of 17552 and trail for target of 17432
These are our views on FINNIFTY and expectations on respective movement.
We are not SEBI registered analysts and views are for learning purposes only. Please consult your financial advisor before taking any trades
Nifty 50 possible reversal Script:- Nifty 50
Timeframe - 1 D (Daily)
View & logic :- As we can see clearly a complition of harmonic pattern and we are on harmonic potential reversal zone 0.886.
From here we can see a bounce or reversal and some good upside move.
I am so foud of channels!!!5PAISA CAPITAL previously has shown many channels!
The breakout of which has always favoured bulls!
This time, the outcome can be in favour once again!
Long in it!
Chart pattern!!!The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern!
For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
BANCO might show its real colors soon!!!The real color is green!:)
The stock has been consolidating for a while now!
Price is between 100ema & 200ema in daily tf!
Seems healthy to me for taking the risk!
Earnings for the stock coming soon!
Long in it!
Nifty Levels & Strategy for 09/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: Today Nifty defended the support levels & again started heading towards 19K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week.
Buying momentum is strong. Option data is indicating mild bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Nifty continue to respect & hold the major support levels.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 08/DEC/2022
NIFTY IS UP BY 49 POINTS
Name Price Previous Day Change % Change
Nifty 18609 18561 48.85 0.26%
India VIX 13.40 14.08 -0.68 -4.83%
OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA
Max OI (Calls) 18600 (Open Interest: 6106300, CE LTP: 138)
Max OI (Puts) 18600 (Open Interest: 5680700, PE LTP: 83)
PCR 0.75 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Levels & Strategy for 07/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook.
Red Flags to keep in mind for coming days:
1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll results looking good for market
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 06/DEC/2022
BANK NIFTY IS DOWN BY -194 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43139 43333 -194.40 -0.45%
India VIX 14.04 13.73 0.31 2.26%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 2962250, CE LTP: 235.15)
Max OI (Puts) 43000 (Open Interest: 3863625, PE LTP: 111.2)
PCR 0.78 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short covering, OTM:Long Liquidation, ITM:Short covering, FAR OTM:Long Liquidation
ASTRA MICROWAVE seems hot!!!This november, we saw the stock coming out of a rectangular consolidation!
Now, the stock is consolidating inside a rectangular structure!
Likely breakout is gonna happen on the upside if we keep sustaining above the 200-ema!
PIIND gonna pay for its sins!!!The sins that PIIND did are!
1. Breaking above its ATH with a big bullish candle!
2. Huge spike in volume!
3.Not sustaining above its ATH!
4. Forming a inverted hammer at resistance 2 days back!
These many sins are enough now!
Buyers are trapped!
Earlier when the similar stuff happened, the stock declined by almost 20%!
Too many negatives with only one positive!
If and only if it somehow breaks above its ATH, we may see more positive moves!
Otherwise, you know what's to be done!
Nifty Levels & Strategy for 05/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: Options data indicating mild weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 02/DEC/2022
NIFTY IS DOWN BY -116 POINTS
Name Price Previous Day Change % Change
Nifty 18696 18813 -116.40 -0.62%
India VIX 13.45 13.36 0.09 0.67%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 8855950, CE LTP: 20.95)
Max OI (Puts) 18700 (Open Interest: 4353550, PE LTP: 88.6)
PCR 0.7 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Levels & Option Data for 02/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Please find below NIFTY scorecard, PCR update & options statistics for your reference:
NIFTY IS UP BY 54 POINTS
Name Price Previous Day Change % Change
Nifty 18813 18758 54.15 0.29%
India VIX 13.36 13.81 -0.45 -3.24%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 5609700, CE LTP: 49.15)
Max OI (Puts) 18800 (Open Interest: 3857750, PE LTP: 94)
PCR 1.01 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Levels & Strategy for 29/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money.
Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 28/NOV/2022
BANK NIFTY IS UP BY 37 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43020 42984 36.50 0.08%
India VIX 13.57 13.33 0.23 1.74%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7)
Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6)
PCR 0.84 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
