TARMAT 4 MONTHS OF DOWN TREND BREAKOUT ON 30/08/2023#TARMAT 4 Months of down Trend Break Out at 66 Price Level ON 30/08/2023
Entry level - 66
SL - 60
Targets - 70,78,83,90
ALL TARGET DONE WITH IN LESSTHAN 2 MONTHS GIVEN 35 PONTS (53%) RETURNS 💰💥🚀💹
CMP - 93.15
Re-entry possible at 90 level if falls again from that level than average at 80 level
@Jagadheesh_JP
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Indianmarket
#WSTCSTPAPR / West Coast Paper Mills looks ready for 40% move#WSTCSTPAPR / West Coast Paper Mills Ltd
Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe.
Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels.
I'll be looking to buy this on Monday as soon as market opens.
CMP: ₹674.70/-
📈 Nifty's Current Situation: A Simple BreakdownToday, Nifty, the benchmark index of the Indian market, made a noteworthy move, inching close to its all-time high. Let's break it down: went up by more than 1%, coming close to its all-time high. Here's a closer look:
What's Up with the Market 📊:
Nifty's recent jump got it close to its highest-ever levels. Sounds good, right? But there's a challenge—it's right at a powerful supply zone where the market often faces a tough time.
What the Charts Are Saying 📈:
The quick climb has made Nifty stretch a bit from its average Price (EMA20). History says Nifty usually comes back to EMA20 after a speedy rise. So, brace yourself—a correction might be on the way. Looking deeper, it seems Nifty has a habit of taking a breather near its EMA20 after moving up fast. This time seems no different, hinting at a possible slowdown.
What to Expect 🎯:
In simple terms, be ready for a possible cool-down from the Supply zone. While quick rises catch eyes, a steadier climb is usually better for a strong trend. But here's the twist—if Nifty breaks through this tough Supply zone, we might be in for more highs.
🚨 Watch Your Steps:
Nifty is benchmark index of the Indian market, Since Nifty is close to this tricky zone, it's wise to be careful. Set your safety nets (stop-loss) smartly, based on how much risk you're comfortable with.
Final Words & Reminder 📝:
Interpreting market signs is part skill, part instinct. This guide is here to help you learn, not as professional advice (I'm not a SEBI registered analyst). Just sharing insights for you to learn. Keep it smart out there!
Trade Smart, Navigate Cautiously! 💹✨
Lastly, Thank you for your support! Your likes & comments . Feel free to share your thoughts and feedback in the comment section.
IDFC Ltd - Value pick available at very attractive valuationIDFC Ltd - CMP-117.05, Target-200, SL-75
Infrastructure Financing, Market Cap 18,735+ Cr
Available at very attractive valuation
PE 4.52, PB 1.55, Dividend Yield 10.25
FIIs holdings 20.03%, DII 32.10%
TATA Consumer ProductTATACONSUM - The idea is based on the Elliott Wave Theory. A five wave pattern has clearly completed on the stock with an ending diagonal in wave 5th.
This suggests that a correction will take place to 50% to 61.8% fibonacci level. So a correction towards 800 is likely in the coming weeks. As markets are also weakening due to global concerns, this is where technical and fundamental analysis are forming a balance.
Niftybank next moveGood evening everyone,
Nifty bank on a weekly chart takes resistance at 43900 level. Now, it's time for bullish if market sustains above this level then target will be 46200 which is approximately all time high. Hope it will be to the point till the end of this month October'23.
Thanks
#niftybank
COULD INDIA BE THE SAVIOR OF THE USD’S DOMINANCE?COULD INDIA BE THE SAVIOR OF THE USD’S DOMINANCE?
The BRICS alliance aims to dethrone the US dollar’s global supremacy.
India’s rapidly growing economy has led to speculations about its potential role in this shift.
Despite being a BRICS member, India maintains strong economic ties with the U.S.
In the dynamic landscape of global finance, where the BRICS alliance is sharpening its talons, aiming at the soft underbelly of the US dollar’s supremacy, India emerges as a beacon of hope for the greenback.
While the BRICS coalition might assume they have the unwavering support of all its members in their quest to topple the dollar, India’s economic trajectory and diplomatic allegiances paint a different picture.
NIFTY SEP-OCT NEUTRALThe circle area might have huge risk & volume with high volatility
If the price goes below circle, take a SHORT at given arrow and wait for 300 points
If the price bounces back 2 cases
Enter #LONG if it goes like green line at given arrow and wait for 300 points
Enter #SHORT if it goes like orange line at given arrow and wait for 500 points
Nifty 50: Meltdown @19,600Week Ahead:
On Daily charts, the index has lost all its momentum even though the fall has slown down but it has left huge runaway gaps between daily candles. Ideally such situation woul need to trade within crucial candles range and be mindfull of taking trades when Index trades near the gaps, as the saying goes, most of the time index always closes on gaps.
From levels perspective, Nifty is still vulnerable to fall around 19,600. Key levels aroun here are 19,502-19,595 and much on lower side are 19,386 , 19,326-19,230. If the markt settles around 19,600 then a move beyond 19,795 will make the fog clear around the botton of this last week’s meltdown.
Potential Up Trend on Gland Pharma Ltd (NSE), Fib RetracementThis is my personal view that Gland Pharma Ltd ha very potential uptrend for coming future.
I tried to figure it out with the Fib Retracement with Anchored volume profile.
As I have noticed it retraced exactly from -1.618 (905.85).
Target 1.618, which is 3190.45
Let me know if you have different views..
Thanks for viewing.
BANKNIFTYBANKNIFTY is showing 5 waves down from the top. Considering this as an impulse move, the current upward structure can only be corrective. This may retrace 50-61.8% fibonacci level where it could reverse with a sharp decline. Currently, an invalidation level can only be considered at the 46,300 top, i.e start of wave 1.
This idea is based on the Elliott Wave Theory. Manage your own risk while investing/Trading.
WRX quick tradeHello again!
So, besides the longer charts, let's see what Fractalic one can bring to us.
Few days ago I've seen BINANCE:OGUSDT forming the exact same pattern as it has shown in April, now with BINANCE:WRXUSDT i see the same formation either from July (better scenario) or June (meh but still ok).
If we're at June's formation:
- Quick buy at 0.102-0.103
- Sell at 0.112
Profit: 9%
If we're at July's one:
- Enter at 0.098-0.1
- Sell partly at 0.112 / 0.12 / 0.132
Overall profit: 17% - 32%
Don't forget to use Stop Loss, however with CRYPTO:WRXUSD we're very close to the bottomish bottom of the bottom. This coin has served as a lifechanger for some giving a ridiculous 10500% in 2021. Dumped hardest 98,85%, accordingly. And still is always performing pump/dump scenarios here and there even being this low.
So, let's see what will it bring to us in a longer term, too. Giving a shot that it's mostly Indian market and I believe India to hop on its exponential growth very soon, we can make that lifechanger candle great again.
Potential Buy / set Take Profit in the sky / and Forget if we'll ever go to 0.08 or if we will surpass this long support line and move further to 0.05-ish.
TATA CHEMICALSTATA CHEMICALS - There is a bearish cycle forming on the stock. As long as the price stays below the invalidation of 1084, bearish pressure could remain and could move towards the 800 level with a strong resistance.
This idea is based on the Elliott Wave Theory. Any trade/Investment should be managed with proper risk management.
Nifty 50 Weekly Market OutlookWeekly Review
Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the week.
Week Ahead :
On Daily charts, the Nifty 50 index seems to form a falling wedge which shouldn’t go unoticed as we have seen a euphoric rally in past mid week. This indicates a strong push by bulls to regain their fort but that’s a conditional outlook if the index is breached beyond the falling trendline (downward sloping-upper trendline) with sustained move till 19,300-19,375. A break above 19,600 is a crucial resistance for any rally beyond that level and given the fact that market still holds 19,494 as crucial level. On the lower side if the selling pressure weighs heavy, a possibility of 19,194 , 19,076 and 18,977 can’t be ignored.
Engineers India Swing Trade OpportunityThe stock is very strong in Monthly, weekly, Daily, has been on a very strong uptrend.
On the daily time frame it has moved out of 1 month old consolidation zone.
So one can look to enter the stock at the demand levels marked for a quick move till the supply zone of 180.
A good 10% opportunity exists.
Trade at your own risk.
Happy trading!
Liberty Shoes Swing Trade Monthly is moving out of 4 months old consolidation period.
Weekly shows a triangle chart pattern compression BO.
One may consider an immediate swing trade for a target till the supply levels marked, 280 range. Quick 5 to 10% move is seen.
And if the price sustains above 180 then the stock may move to 350.
Happy trading!
ADANI PORTSADANI PORTS has made a diagonal structure after the drop. As wave 1 completes, there would be 38.2-50% correction on the stock which are important fibonacci levels. These levels also coincide with a strong resistance area where a bullish reversal can be found (wave 3).
This idea is based on the Elliott Wave Theory. Trade/Invest with your own risk management.