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Nifty bankNiftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach) Some noticing points that I want to clarify are: Nifty bank is consolidating in a fix range which after its range breakout will give a sharp movement to any of the sides. For Short term trade (weekly options) support is 40050/39800/39550 if it goes downward direction. If this consolidation phase continues then we can put our resistance at or near 41000-41350; while support could be set above 39850. (For swing opportunity) Thanks. Disclaimer: This post is for educational purpose only. Please consult your financial advisor before investing. Boost my post if you like.
NSE:BANKNIFTY
by TripuraInvescorp
2
Nifty bankNifty bank was dragged from today's high of 41900 to near 40400 level forming 3 black crows pattern which is clearly spotted under 30 minutes timeframe after that Hammer pattern is formed but it is not forming at the bottom of the trend. So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up opening. Nifty banks immediate support can be taken at 40350-39500 And resistance at 41000-41400-41600. Some important points which can boost the trend towards north:- Adani entreprises FPO fully subscribed. Good news from budget which helps to pump cash in equity stocks for long term investors. Disclaimer: These are my personal views on the market. Please take investment advise from your financial advisor before investing. Like and boost up my post for more such curated views on indices and stocks.
NSE:BANKNIFTY
by TripuraInvescorp
MARUTI - NSECompany website - www.marutisuzuki.com 49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also. 1800cr invested for future EV ready battery projects. Roll out of EV charging infra by 2023 leading to mass acceptance. Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining. We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption. No debt, huge land bank, best service centre presence pan India. When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech ) Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates. A must have in portfolio. BUY
NSE:MARUTILong
by EVOQUE5000
7
Nifty bankToday NIFTYBANK traded in a choppy zone. It stops trade at 42300. Moreover volatility in Indian Stock Market today was low. In a shorter timeframe NiftyBank is forming a flag pattern this may depict a small bounce towards 42900 keeping our stoploss cost-to-cost. However, it is still in its bearish mode watching past weeks data which shows its support near 41800. If you like my thought in a clear and concise then boost up my post. Thank You for your patience and keeping confidence on me. NSE:BANKNIFTY
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bank in a new pattern formationNiftybank was in consolidation zone from last 2 days between 42200-41850. It was the sign where major chunks of old positions were booked and from today onwards new position for next expiry are buildup and in a view of chart we could depict that a W-pattern is under formation which shows its immediate resistance near 42700(+/- 50). Usually we try to give positional outlook on BANKNIFTY to eliminate confusion in a shorter timeframe.
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bankAs we can see Nifty Bank is forming a 3 black soldier pattern on a daily timeframe showing support at 42000. The downward trend will continue as per the formation of next candle on 9th Jan. Before that it seems the market will hold its bearish trend which will go upto 41500. But if it forms a Doji Pattern on next candle then there will me a massive reversal in trend which tends Nifty bank to move upward to reach 44000. Will review on Monday. Boost up my post if it is helpful and insightful.
NSE:BANKNIFTYShort
by TripuraInvescorp
2
Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side. . Increasing volume with an increase in price. . Breakout of consolidation on the daily timeframe of 700-710 levels. . Increasing Relative strength against Nifty 50. . 680-700 levels acting as a good demand zone. Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels . Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action. possible Targets: 800 level and then all-time high levels. (((30% to 45% upside possible with stoploss of about 5%)))
NSE:GNALong
by Travestor12
02-Jan-2023_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:CNXFINANCE
by Kaviarasu_Chandrasekar
02-Jan-2023_NIFTY & BANKNIFTYNIFTY & BANKNIFTY_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:BANKNIFTY
by Kaviarasu_Chandrasekar
30-Dec-2022_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:CNXFINANCE
by Kaviarasu_Chandrasekar
30-Dec-2022_NIFTY & BANKNIFTYNIFTY & BANKNIFTY_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:NIFTY
by Kaviarasu_Chandrasekar
28-Dec-2022_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:CNXFINANCE
by Kaviarasu_Chandrasekar
28-Dec-2022_NIFTY & BANKNIFTYNIFTY & BANKNIFTY_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:BANKNIFTY
by Kaviarasu_Chandrasekar
27-Dec-2022_NIFTY & BANKNIFTYNIFTY & BANKNIFTY_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:BANKNIFTY
by Kaviarasu_Chandrasekar
Sunpharma Breakout of Contracting Triangle and Double BottomThe idea here is about Sun Pharmaceutical Industries Ltd: Sun Pharmaceutical Inds. Ltd is an international specialty pharma company.The company also makes active pharmaceutical ingredients. In branded markets, their products are prescribed in chronic therapy areas like cardiology, psychiatry, neurology, gastroenterology, diabetology and respiratory.The company is engaged in manufacturing of product in the following therapy areas:CNS disorders,Cardiology,Diabetes and Metabolic disorders,Gastroenterology,Ophthalmology ,Oncology,Pain,Allergy, Asthma and Inflammation and Gynecological. My view is bullish for the below observed technical factors. Points as per TA on a Weekly Chart: 1.Contracting or Symmetrical Triangle breakout on a weekly chart as per below: 2. Double Bottom Breakout on a weekly chart with huge volume as per below: 3. Bearish Deep Crab harmonic pattern CD leg in progress at the time of publishing as per below: 4. Trading way above 20 & 200 EMA on a weekly chart as per below: 5. Trading above 20 & 200 EMA on daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong for an upward momentum at the time of publishing. Hence the trend is very strong. 7. RSI is at 62.43 on a weekly Chart and 70.09 on daily chart at the time of publishing. 8. MACD above signal line on weekly & daily chart. 9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 10. ADX (Average directional index ) trend strength is at 15.17 on a weekly and 23.25 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) However, the trend seems to be picking up on upward momentum. Projected Target: provided in the chart as per double bottom & Bearish Deep Crab harmonic pattern. Stop Loss: Provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:SUNPHARMALong
by Tron029
9
Gujrat Alkalies Bullish ScenarioThe idea here is about Gujarat Alkalies: Gujarat Alkalies & Chemicals Ltd. engages in the manufacturing and sale of chemical products. Its products include caustic soda group, special chlorine derivatives group, sodium chlorate, caustic potash group, chloromethane group, phosphoric acid, water treatment group, and hydrogen peroxide. The firm's products are used in various industries, such as textile, pulp and paper, soap and detergent, alumina, water treatment, petroleum, plastic, fertilizer, pharmaceutical, agrochemical, plant protection, dyes and intermediate, refrigeration gas, and epoxy. Important Note: The Caustic Soda Market witnessed a significant growth as its demand stood at 68.76 million tonnes in 2021 and is expected to grow at a CAGR of 4.95% during the forecast period to reach 141.78 million tonnes by 2035 (courtesy of : www.chemanalyst.com) I am bullish on Gujarat Alkalies due to below observed technical factors. 1. Anti Gartley Pattern Completed on a daily chart as per below: 2. Ascending Triangle on a weekly chart at the time of publishing as per below: 3. Guessing for a possible Sea Pony Pattern on weekly chart & CD price is colliding with Anti Gartley E Swing Price which is also one of the reasons for bullish momentum as per below: 4. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below: 5. Ichimoku Cloud analysis: Senkou Span A possible support and bounce off on a daily chart as per below: 6. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily chart & Weekly chart. 7. RSI is at 39.40 on a Daily Chart & 52.81 on a weekly chart at the time of publishing. 8. MACD Way above signal line on weekly chart & way below on daily chart. 9. Hull Moving average on daily chart is sell & buy on Weekly chart & other moving average is a strong Weekly & monthly chart. This is a very strong signal for upward momentum. 10. Wait for entry point. However, keep in mind about the current market condition. Since the equity is listed on CNXMIDCAP 200 and BSE 500 one can compare it with the movement of the index mentioned for price momentum. Projected targets as per Anti Gartley & Possible Sea Pony Harmonic patterns provided in the chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GUJALKALILong
by Tron029
Divis Laboratories potential Breakout ?The idea here is about Divis Laboratories: Divis Laboratories Ltd is engaged in the manufacture of Active Pharma Ingredients (APIs) and intermediates. The company in a matter of short time expanded their breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.They are actively involved in developing alternate, patent non-infringing processes for APIs, for the inventors to manage late life cycle and leading generic drug manufacturers. My view is neutral at the moment for the below observed technical factors. Points as per TA on a Weekly Chart: 1. Current market condition isn’t been good due to high volatility back in action any trade entries should be done very carefully and cautiously. 2. BSE 100 ( Divis lab included in) has lost 272.58 points on 11th Oct 2022. However, daily candle indicates it can still bounce back as Anti butterfly harmonic pattern observed as per below: 3. Currently under downtrend channel on a weekly chart as per below: 4. Contracting triangle formation inside downtrend channel as per below: 5. Bearish Bat harmonic pattern CD leg in progress at the time of publishing as per below: 6. Trading way above 200 EMA & below 20 EMA on a weekly chart. 7. Ichimoku Cloud analysis: Kumo Breakout strong downtrend & Kumo Twist weak trend on weekly,monthly chart is Strong for an upward momentum for Kumo breakout & kumo twist on daily both are strong downtrend at the time of publishing . 8. RSI is at 37.55 on a weekly Chart and 35.05 on daily chart at the time of publishing. 9. MACD above signal line on weekly & below on daily chart. 10. Hull Moving average and other moving averages on a daily,weekly chart is strong sell & monthly chart is a sell. 11. ADX (Average directional index ) trend strength is at 28.42 on a weekly(ADX between 25-50 is a strong trend) and 14.13 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend). Long Entry : if the price breaks above contracting triangle & breaks downtrend. Short Entry : If price breaks below the contracting triangle and support zone. Projected Target: provided in the chart as per bearish bat Crab harmonic pattern. Stop Loss: Enter only if it breaks downtrend & contracting triangle. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:DIVISLAB
by Tron029
1
JSW Steel Ltd Double Bottom BreakoutThe idea here is about JSW Steel Ltd: JSW Steel Ltd. is a holding company, which engages in the production, distribution, and trade of iron and steel products. It offers hot rolled and cold rolled coils and sheets; galvanized coils and corrugated sheets; galvalume products; steel doors; and light steel building solutions. My view is short term Bullish for the below observed technical factors. Points as per TA observed on a daily Chart: 1. Broken out of Double Bottom pattern as per below: 2. Broken Out of Contracting Triangle on a daily chart on 27th Oct 2022 as per below: 3. Bearish Navarro 200 Harmonic Pattern observed on a daily chart & Price may retest 678.05 ( Swing B of Bearish Navarro 200) as per below: 4. Trading above 20 & 200 EMA on a weekly & daily chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is a strong upward momentum & weekly is Neutral at the time of publishing. 6. RSI is at 61.77 on a Daily Chart and 56.03 on weekly chart at the time of publishing. 7. MACD above signal line on weekly & daily chart. 8. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. Other averages are strong buy on daily, weekly & Monthly. 9. ADX ( Average directional index ) trend strength is at 18.30 on a daily & 7.45 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend. 10. No divergence observed. Projected Target with %: Double bottom & contracting triangle provided in the chart. However, would recommend for retest to be completed. Stop Loss: provided in chart. Wait for retest confirmation on daily chart for double bottom. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JSWSTEELLong
by Tron029
GNFC Potential BreakoutThe idea here is about GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd): Gujarat Narmada Valley Fertilizers & Chemicals Ltd.is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology.The products and services offered by the company include Fertilizers- GNFC is one the leaders in the domestic fertilisers industry. The company manufactures and markets fertiliser such as urea, ammonium nitrophosphate and calcium ammonium nitrate under the brand NARMADA. It is also engaged in importing urea, diammonium phosphate (DAP) and muriate of potash (MOP).Chemicals- The company has also set up core chemical and petrochemical plants that manufactures products such as methanol, formic acid, nitric acid, acetic acid and many more My view is Bullish for the below observed technical factors. Points as per TA observed on a Weekly,Daily & Hourly Chart: 1. Contracting or symmetrical triangle observed on a weekly chart as per below: 2. Doji/Spinning top candle formation on weekly chart which indicates the continuation of trend (upward) as per below: 3. Apex point Breakout & Support established with huge breakout in volume & Bullish pin bar candle formation on a daily chart observed as per below: 4. Bullish Gartley, Bearish Anti Crab & Bullish Navarro 200 pattern formations completed within the range of contracting triangle with Gartley & Navarro 200 targets been still active on a weekly chart as per below : 5. Falling wedge observed on 1H chart with breakout & reconfirmation as per below: 6. Inverse Head & Shoulder formation in progress on 1H chart with completion of left Shoulder & Head completed with 20 & 200 EMA support established as per below : Inverse H&S target once completed will lead to breakout of contracting triangle on weekly chart 7. Trading above 20 & 200 EMA on a weekly & 20 EMA support established on daily chart at the time of publishing. 8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly is a strong upward momentum & Daily is Neutral at the time of publishing. 9. RSI is at 52.64 on a Daily Chart and 53.03 on weekly chart at the time of publishing. 10. MACD almost touching the signal line on daily chart & below signal line on a weekly chart at the time of publishing. There is a high possibility of MACD crossover on weekly chart. 11. Hull Moving average & other averages are strong buy on daily & monthly. However Hull moving average is a sell on weekly and other averages is a Strong buy. 12. ADX ( Average directional index ) trend strength is at 14.02 on a weekly & 12.83 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). 13. No divergence observed. Projected Target with %: provided in chart. Stop Loss: provided in chart. Entry point: Conservative trades can wait for breakout & retest of contracting triangle. Aggressive & risk trades can enter at CMP. Note: The center has approved an additional Subsidy on fertilizers for winter planting season. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & subscribe for more analysis. The more boost & comments further more motivation for publishing. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GNFC
by Tron029
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NSE:NIFTY
by Dhan
11