PRAJIND Life CycleNSE:PRAJIND
PRAJ Industries Life Cycle In Simplest Way. Nothing More To Explain Chart Saying All We Have To Know
Nseindia
Reliance Industries will Fall in few Days 18/03/2021as very simple price action analysis
it is currently in the distribution phase and will fall as its current volume gets Consolidated and diluted
this Share will fall and make some retracement to the golden one of the Fibonacci Retracement
STRONG BEARISH in SUZLON ENERGYsuzlon energy consolidating in a channel for more than a year and forming similar pattern in a weekly timeframe.
this time also faced a strong resistance from the upper limit of the channel , so it can again fall with a strong bearish momentum candle.
Good opportunity in SBIN for intraday .!SBIN is in uptrend now and has given a breakout by beaking its 200 ema and a breakout on an important resistance which is now retesting if it sustain the level and retested properly it can give you a good intraday trade .
TATAMOTORS triangular patternTatamotors is forming triangular pattern on 1D chart. Look for a breakout soon.
BankNifty Bullish ViewNSE:BANKNIFTY
Background.
1. Bullish Candle stick formation for 27 Dec 21.
2. End of Elliot's Impulse wave further correction on Upside expected.
3. Positive RSI Divergence.
4. PCR ratio above 0.9 for January.
5. Market sentiment oversold.
6. positive results in Banking sector
7. Nearest zone of Supply for shorting is 36000 if it breaks 36000 upward move to 38000 possible un till March 2022.
8. Trend reversal to bullish in all major banks.
Head & Shoulder pattern in NIFTYHead & shoulder pattern formed in nifty in daily timeframe. OI is also deviating at lower end. Hence we can a good fall of 6-7%
CNXAUTO (AUTO INDEX-NSE) Analysis For December 08, 2021CNXAUTO (AUTO INDEX-NSE) has crossed 50% Fibo Level and closed above 10750. One can enter a fresh buy above 10790 important resistences are 10830 & 10925. For entering a fresh sell trade wait for 50% Fibo Level - 10750 and important supports are 10700 & 10670.
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CNXPHARMA (PHARMA INDEX-NSE) Analysis For December 08, 2021CNXPHARMA (PHARMA INDEX-NSE) has completed a Trianlge pattern and shown a reversal from the bottom. Currently it is being consolidating in the narrow range. Wait for it to break 13280 for up trend. Important resistences are 13314 & 13340. Failing this will continue downward movement and one can enter sell below 13210. Important supports are 13165 & 13130.
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NIFTY (NIFTY50 - NSE) Analysis For December 08, 2021NIFTY INDEX is closed just at 50% Fibo Level - 17228. It has checked 61.8% Fibo Level - 17296. Wait for these levels to break for further up trend. It may continue to slide downward below 17200.
Important resistences are 17300 & 17400.
Important supports are 17162 & 17080
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CNXCONSUMPTION (CONSUMER - NSE) Analysis For December 08, 2021CNXCONSUMPTION (CONSUMER INDEX - NSE) has failed to break 50% Fibo level (6984) as shown on the chart. Be watchful, if it break above and sustain up trend will continue and important resistences are 7013 & 7045. Breaking down, 6945 level it may show downward movement and may check support of 6925 & 6905.
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CNXENERGY (OIL & ENERGY - NSE) Analysis For December 08, 2021NIFTYENERGY INDEX failed to break the top 23235 and it has formed TRIPPLE TOP pattern. Be watchful for the level of 23160, below that it may change direction to down trend. Important supports are 23090, 23045, 23000. Important resistences are 23320 & 23370. Current trend view is neutral to down trend below 23320.
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CNXIT (IT INDEX-NSE) Analysis For December 08, 2021CNXIT (IT INDEX-NSE) has show clear up trend. Important levels to check are 35380 and 35140. One can think to enter a fresh buy above 35400 and sell below 35140. Up trend may still continue and resistence are 35370, 35600. Supports on reversal are 35000 & 34850.
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Bank Nifty Analysis For December 08, 2021Bank Nifty has again failed to break resistence of 37000 mark. It has also formed Double Top Pattern at the same. Wait for either to break 37000 or 36700 level to decide the trend. Once broken, once can enter the trade in direction of the trend.
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Nifty Update on 06th Dec. 2021
We have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. I have tried to explain the current market cycle in the daily time frame chart. Nifty has made a bearish long day candle in the daily time frame, completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs, and the area is considered a reversal pattern on the downside.
Wall Street's three leading indices fell on Friday, with the technology stocks-heavy Nasdaq Composite tumbling 1.9 percent, as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support while they grappled with uncertainty around the Omicron coronavirus variant. European markets also dropped earlier in the day, with the pan-European Stoxx 600 index declining 0.6 percent.
The overall sentiment is Negative.
Nifty Intraday Trade Setup for 6 Dec. 2021
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Intraday Support is: 16,150
Intraday Resistance is: 17.350
Key Resistance is: 17,600
Key Support is: 16,780
NIFTY : Time Series Targets for Jan'22Will NIFTY Cross 18600 in Jan'22
Time Series Extrapolation indicates crossing in Jan 1st week.
Buy TATAPOWERBullish harmonics hovering around tata power. Levels mentioned on the chart. 207 buying level with 197 of stoploss and 222 target.
1:1.5 R2R i.e. risk to reward
#HDFC_bank follow the trend lineIt's very clear pattern follow HDFC Bank and it's very useful chart pattern
NIFTY 50 Short Term AnalysisNifty 50 has broken the major support at 17300, the lower trendline and 50 EMA . PSAR has also turned Bearish . With COVID Mutant Variant spooking the markets, any close below the psychological support of 17000 could further pull the marker down. Nifty can find support near the support zones of 16700/16350/16000/15500/200 EMA and bounce back. Failing to do so can further correction in the index. Plan Your Trades Accordingly.
So as of now we can see weakness in Nifty 50 in the short term.
Nifty Trade setup for 25th Nov. 2021First of all, I want to apologize for not sharing any morning analysis from a couple of days. I have taken a small break from my morning activities because of some health issues. Let's talk about the market sentiment first. Today, I have shared two charts in the daily time frame and the second in the hourly time frame. Both show negative sentiment. I shared my long-term view on Twitter a week ago when the price was trading on 17,900, and given the first target is 17,300, and it's hit in a week now, we are heading at 16,650, but We need to wait for 17,000 to break.
Intraday for 25th Nov. Monthly Expiry
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India USD and SGX both are trading on a negative note; the Current CMP is 17,369, 40-45 points below our market. A Flat or a small gap down is accepted.
Key Resistance is 17,600
Intraday Resistance is 17,500
Key support is 17,260
Intraday support is 17,370
NSE: AEGISCHEM Aegis Logistics - Good Monthly support zone???
disc: no investment as yet - wait for weekly closing above the major trendline and potentially add tracking position
indian terrain fashion - Short term to Mid term swing The stock range was 25-40 for a year, Recently Range has shifted with a volume candle in the monthly time frame which is a clear breakout and we must add this stock in our mid-term holding.
Buying range was 40-45
Add more at 30 if the price correct
SL: 20
Target: 75/118/140
Midterm holding
