JINDAL PHOTO LTD Clean BreakoutThe idea here is about JINDAL PHOTO LTD.
mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Broken out of Downtrend channel with good volume (NSE).
2. Gartley Pattern completed with entry point confirmed.
3. Support established on 50 & 20 EMA & trading above 200 EMA on weekly chart.
4. Strong Kumo breakout & kumo twist on daily chart (Ichimoku Cloud).
5. RSI is at 52.24 on a weekly Chart.
6. MACD crossed above signal line.
7. Hull Moving Average is a Buy Signal on Daily,weekly & monthly chart.
8. Price may retest the breakout point.
Projected targets as per Gartley pattern provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Cheers.
Indianstockmarket
Tata CoffeeAfter consolidating for a year, this stock may give a breakout.
Volume looks impressive, weekly closing above the resistance may give a good move. Add it in your watchlist.
Important Nifty LevelsLooking at the EU and US markets, expecting NIFTY to trade in a very range bound market...
16700 ~ 16770 look to be good resistance zone (CPR resistance levels 16703)
16500 - 16500 look to be good support zone (CPR support levels 16561)
OI
a. Call writing is quite high at 17K, even 16.7K has good OI
b. Put writing at 16.5K has nearly 6 million contracts
20 delta iron condor for 28th July looks to be in good range, buying tighter hedges will improve the RR and is looking good to provide 3% returns
Important Nifty LevelsBulls getting back last week
Nifty showing strength
However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone
OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI
28th Jul expiry as of now looks like in 16500-17100 range
20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change
#nifty #nifty50 #optionstrading #stockmarket #analysis
GAIL (India) Limited GAIL (India) Limited is committed to reduce carbon emissions and implement renewable projects. GAIL has a total installed capacity of 130.26 MW of alternative energy; out of which 118 MW are wind energy projects and 12.26 MW are solar energy projects. GAIL has installed India’s 2nd largest solar rooftop of ~ 6 MW grid-connected captive solar power plant at Pata Petrochemical complex. Further, roof-top and ground-mounted solar units are also being installed at various offices/ work centers for captive use. GAIL would like to be 1 gigawatt solar and wind both together or any other renewable part in the next three to four years.
SBIN - DAILY TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
NIFTY Daily Analysis - 6thJul2022 - Looks Strong!Hi Traders,
NIFTY looks strong, faces a resistance at 16000 levels.
But looking at the momentum and if the news is positive from US and Crude oil continues to stays around 100$ then we might see a good Upmove from here.
There is a Gap between 16025 - 16170 in NIFTY which might get filled up pretty soon maybe tomorrow or day after looking at the Price Action. NIFTY can also open Gap Up to directly 16170 levels.
On DOWNSIDE, we've good Demand zone between 15900 - 15925 which can act as a Strong Support.
Regards,
Anshul.
(Tutorial) World Markets & their affect on Indian Stock Market!Hello Traders/Investors,
Lets learn World Stock Markets and How it affect us in India on Daily/Weekly and even on long-term basis.
Note: this topic is specifically for Traders (specially Day traders) and also Investors might find it interesting read.
- US is called mother market and we're (i.e. Indian stock market) child market.
- US market gives a queue on how world and our market would perform based on it.
- Sectors like Banks (Dow Jones Bank index) n Tech/IT (NASDAQ) work pretty hand in hand with rest of world in terms of giving us a idea of direction towards which sector can have chances of moving by how much %age today.
- - SGX Nifty , its a Nifty's Future contract which is traded in Singapore Exchange and gives a good idea on start of our markets. SGX Nifty timings : 6.30 AM to 11.30 PM
- Asian markets specially South Korea, Hang Seng n Japan market we should watch carefully in morning to track the direction of markets. We belong to pretty much similar basket.
- European Markets, CAC, DAX and FTSE we should get a median of these 3 exchanges to know how much %age they're moving. Just an observation here, our Indian markets usually stay closer to DAX movement.
- Emerging markets (short form : EMs) : Emerging markets generally do not have as highly developed market and regulatory institutions as those found in developed nations. Market efficiency and strict standards in accounting and securities regulation are generally not on par with advanced economies (such as those of the United States, Europe, and Japan).
- Some of the most rapidly emerging countries include Brazil, Turkey, Russia, India, and China. Also some oil rich nations are also part of this list.
- To get a holistic picture of world markets.. get a queue from yesterday's closing of world markets specially US alongwith US futures which are very important.
- Then, in mornings look at Asian Markets n SGX Nifty to understand where our markets might open. Around afternoon when European markets open you get an idea where our Indian market might stabilise n close. Also, we can look at European futures to get idea on where Euro markets might open.
- Lastly macro economic data like Commodity prices specially Crude oil , USD INR n Dollar Index give a clarity on the markets. Higher Dollar n lower Rupee would cause panic in stock markets usually. Similarly, higher crude oil prices indirectly reduces countries foreign reserves n also affect business due to rising transport costs causing more expenses n less income.
- Cryptos movements can also affect markets now days, a big downmove on cryptos n hit many stop losses n cause for margin calls n hence companies might have to liquidate other assets of individuals like stocks etc. go get back their money.
- Honest mentions: Sometimes some macros are in news, then in those days stock markets start mimicking their charts.. it can b currency pair USDINR , US 10yrd BOND yield, Crude OIL sudden surge or drop in prices and most recently, NIFTY is pretty closely mimicking the US30 futures chart trend on day trades.
- My personal hack: I do all my Technical Analysis on these charts n not just on NIFTY and BANKNIFTY etc. I draw all the Supply n Demand zones, Channels, Trendlines etc. to get queues from them to implement it on my trading in Intraday in India. Usually it works like a charm!
World major stock markets timings in IST (i.e. Indian Standard Timings) :
North America Stock Exchange Timings:
Country Stock Exchange Opening Time (Indian Timing) Closing Time (Indian Timing)
US NASDAQ 7 : 00 PM 1 : 30 AM
US NYSE 7 : 00 PM 1 : 30 AM
Canada TMX Group 8:00 PM 2:30 AM
European Stock Exchange Timings:
Country Stock Exchange Opening Time (Indian Timing) Closing Time (Indian Timing)
UK London Stock Exchange 1 : 30 PM 10 : 00 PM
European Union Euronext 12:30 PM 9:00 PM
Germany Deutsche Borse 12:30 PM 2:30 AM
Switzerland SIX Swiss Exchange 1:30 PM 10:00 PM
Spain BME Spanish Exchange 1:30 PM 10:00 PM
Asia-Pacific Stock Exchange Timings
Country Stock Exchange Opening Time (Indian Timing) Closing Time (Indian Timing)
Australia Australian Security Exchange 5:30 AM 11:30 AM
Japan Japan Exchange Group 5:30 AM 11:30 AM
Hong Kong Hong Kong Stock Exchange 6:45 AM 1:30 PM
China Shanghai Stock Exchange 7:00 AM 12:30 PM
China Shenzhen Stock Exchange 7:00 AM 12:30 PM
Taiwan Taiwan Stock Exchange 6:30 AM 11:00 AM
South Korea KRX Korean Exchange 5:30 AM 11:30 AM
India NSE and BSE 9:15 AM 3:30 PM
You can google n find most of Live market details on many websites, I usually enjoy Investing .com for their simple UI and charts.
Please take all positions at your own risks and these are my personal views on analyzing markets. I'm not responsible for any losses incurred by you!
Regards,
Anshul
NIFTY looks weak after today - EOD analysis June 8th 2022NSE:NIFTY NIFTY has given a big down move today on back of RBI policy and Reliance n FMCG stocks falling.
NIFTY can test 16250 levels once again before moving upwards. If it breaks 16250 level, then it can retest 16000 levels pretty quickly.
On Upside, there is huge resistance at 16600 levels which doesn't seem to be tested anytime soon.
Support breached but where would carnage stop on Nifty? Nifty finally breached 7 months old downside channel towards south which indicates more furious sell-off in coming weeks. Since last few weeks, 15900 was acting as a strong support on the indices but on Friday we have closed below the support indicating more weakness. So were would this carnage end for the bulls? The market always of probabilities in answer and so I have this time too. Checking on Elliot wave, I feel we are into corrective wave C which could end now either at 15450 (considering Wave A=Wave C) or at 14800 (considering Wave C= 123.6% of Wave A). Though chances of taking support at 15450 are little bit brighter because it coincides with other EW guideline which states that corrective WAVE shouldn't trade below motive wave 1's high which is 15431. Please note that its just a guideline and Nifty could even test the second possibility so trade accordingly.
P.S. Sell on rise still considerable for short term traders with SL at 16500.
Future Enterprises FEL - India's Biggest Retail Chain is in RED<>
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- Catch the Stocks when they are Red, they say-
- There is no INDUSTRY more BLOODY RED than 'Old Physical Retail Outlets/ Chains' these days, Like BigBazaar Retail Chain in India.
- Already under debt of 25000Cr (almost $3.8Billion). Amazon and Reliance group (India's 2nd biggest business group) literally Battling it out in every COURT available in India and in Singapore to acquire its entire share.
- India, One of the Most Crowded place in the World, under the severe Impact of Covid, is unprecedented is breaking down each day.
People are dying, govt trying hard but it is not enough. Country is short on everything from medical supplies, oxygen, to generating employment. Thus, Further Crash in Retail sector is eminent. However, India had, has and always will have very strong domestic demand to support its bounce back. India's population is 1.30 Billion V/s 0.745 Billion in Entire Europe (almost double than EU).
- Post Covid, when market will start to stablise and people will start getting back to their previous buying behaviour.
Retail sector will be the first sector to show robust growth. Imagine what will happen to Retails stores once covid is over, they will be overwhelmed and stocks will soar - BOOM.
- It (FEL) is a very very long term chart, so consider this investment as your "Retirement Plan Fund/investment". You can think of Investing a very small amount, but it needs to be with very long time holding view like min 8-10 yrs.
Research yourself,
- About BIGBAZAAR
- Future Retail + Reliance group i.e. Mukesh Ambani) V/s Amazon (Jeff Bezos)
- It is an exciting fight to watch, and is about to culminate.
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Nifty's Daily Chart AnalysisHere I brings you the daily chart analysis of NSE:NIFTY
Going back to 23 march 2020 Nifty 50 found a strong support of a trendline and never go below that trendline until 23 November 2021.
But on 22 Nov 2021 , it gone below the trendline but still managed to close above trendline.
on 23 Nov 2021 it opens below the trendline but closed above it.
similar story for 24th and 25th November
But 26th November was the day when Nifty Opens below the trendline and closed far below it... that was the day since nifty never gone above it.
On 12th, 13th, 14th and 17th January 2022 it again tried to go above the previous ( Solid Dark ) trendline but failed to do so, and pushed below the newly formed downward trendline ( Dotted Trendline ).
Nifty again tried to cross above the new trendline on 2nd and 10th February 2022 , but failed.
From last six days Nifty continuously trying to go above the dotted line but every time it got rejections .
Conclusion of Analysis:-
1. Nifty may remain in the downtrend until it crosses the dotted trendline and sustain above it.
2. If it succeed to cross above the dotted trendline, Nifty may remain in a sideways trend until it breakout the 17800 zone.
This Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
HINDALCO'S SHOULDER BROKEN !!!
# MISSED trade#
NSE:HINDALCO
{
What happened ?
As u can see in chart, that share price is completely 10% broken down from 550 range;
I was eagerly waiting for shorting this trade(From 12 April);
but due to some work pressure ,I wasn't able to gaze the charts;
And hence I lost a precious trade;
Don't take any trade now since it already moved to the downside target;
}
What is Head-shoulder pattern??
{
it's similar to human body;
human have one head and two shoulders;
In the same way the stock price moves from right to left shoulder by overstepping head;
Even the situation may turn vice-versa;
We will mark the shoulder line ,in the above chart the shoulder line was around 550;
if shoulder line broke down ,then there is a huge probability of stock following the trend;
i.e., if it's down trend then it moves further huge down till it reaches a supporting level;
or vice-versa;
}
Moral of the story :-
{
Always Watch charts, NO matter what it takes;
One good aimed trade better than 10 blind trades;
Wait for chance, and grab the trade;
Have price alerts for trades, since u cannot focus all time;
}
HAPPY TRADING
{
Follow for More exciting trades.. @VK2413
Show your ❤️by 👍to the idea..
Please express the trades You missed in comment section..!
}
Is NIFTY in bulish zone ? Nifty have a very good systematic triangle pattern in top of 1d timeframe if you ignore the fake brakeout because that is a V shape recovery after go downside so its a fake brakeout . I hope it will break after weakly expire . If nifty break the upper level which is 17940 then we may see a bulish candle in nifty but to enter we need a re-test in nifty because we are in the top . so re-test is important as per my analysis . Still if anyone want to every in first brakeout then you need to must set 1:2 target Stop loss after that you can trail . But if that's break downside then you can go with first breakout .
*Do your own analysis before entering the trade this analysis is my point of view so do your own research before enter the trade .
SBI CARD Head and Shoulder pattern SBICARD Continuous contract 1 formed bearish head and shoulder pattern. Sell if the trend line breaks or neckline breaks. Target 800 and sl 890
Safe traders sell once neckline breaks. risky traders take sell trend line breaks
Safe trader sell below 840.
risky trader sell below 853.
sl 890 target 800
trade your own risk. good luck all.
Nifty has broke out of recent 2200 points rally !Nifty had been trading in a dream rally since the low at 15600 in Feb but now it seems near term high has been pinned at 18114. There are many technical factors supporting the view that we may play short from tomorrow. Firstly, Nifty has resisted exactly at larger degree channel line which is intact since the life at 18604 Secondly, Nifty has breached down channel which it was running onto since recent low at 15600. Thirdly, 15 day average (red line) where recent support was strong has been breached for last two trading sessions and Nifty has closed below the same to confirm the weakness. And lastly, RSI and MACD, both has shown bearish crossover on their respective averages. So to sum up, we can Freshly short nifty for a week with SL of 17685 while first target is at 200 day average at 17158 and second target would be open for new post.
Nifty Weekly AnalysisThis Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
NSE:NIFTY Weekly Analysis.
Currently Nifty is showing weakness on chart:-
1. Did not touch the upper Bollinger Band.
2. Continuously decreasing RSI.
If it fails to get support at the 20 SMA line, then there is a chance that nifty may touch the lower Bollinger Band at S3