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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
NIFTY can the Momentum keep up ?The idea is about NIFTY. Mentioned below are the points considered Points as per TA on a Daily & hourly Chart: 1. Anti Crab Harmonic Pattern Completed on 1H chart & Target 1 achieved at the time of publishing as per below : 2. Breakout above 18330 will result in change of character COC (Wyckoff theory) on 1H chart Highlighted in Black as per below : 3. Ichimoku Cloud on Weekly is bullish (Chikou Span is above the price) & currently consolidating as per below: 4. Ichimoku Cloud on daily is bullish (Chikou Span is above the price) as per below: 5. Ichimoku Cloud on 1H is Bearish (Chikou Span is below the price) as per below: 6. Weekly chart has broken out of falling expanding Wedge as per below: 7. Weekly chart has broken out of cup & handle pattern & retest completed as per below: 8. Multiple divergences observed on weekly chart 7th Nov as per below: 9. MACD & RSI divergence observed on daily chart till 16th Nov as per below: 10. Open Interest data shows 180 k Call options @ 18300 which will act as resistance & 101 k put options @ 18200 which will act as support at the time of publishing. 11. RSI weekly @ 62.22, daily @ 60.07 and 1H @ 53.45 at the time of publishing. 12. MACD on weekly & hourly is above signal line and on daily chart below signal line. 13. Hull Moving Average is a Buy Signal on Weekly, Sell on daily & Buy on Hourly chart . 14. Since tomorrow will be the last day for the weekly options expiry & monthly futures expiry huge movements can be expected on 2nd half of trading today & tomorrow. Projected target, as per Anti crab Pattern on on 1H 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:NIFTY
by Tron029
NIFTY Weekly Volatility Analysis 5-9 Dec 2022 NIFTY Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 1.87%, down from 1.9% last week according to INDIA VIX data With this in mind, currently from ATR point of view we are located in the 3rd percentile, while according to INDIA VIX, we are on 8th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.85% movement Bearish: 1.5% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 24.3% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 19070 BOT: 18370 Taking into consideration the previous weekly high/low, currently for this candle there is : 78% probability we are going to touch previous high of 18914 26% probability we are going to touch previous low of 18370 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 80% bullish trend Daily timeframe indicates 80% bullish trend 4H timeframe indicates 53.3% bullish trend
NSE:NIFTY
by exlux
$NIFTY Possible Bull Target & Reversal Zones #NiftyTraders and Investors, there is a lot of joy, speculation, excitement and nervousness in the Indian stock market as it makes another all-time high today. This however can be very deceiving or a good opportunity. Depends on how to see and interpret it. 🙂 If you think this is way too high and it should take a correction or dump then it may just give you that sort of opportunity when it reaches one of those FCP zones or extension levels ahead. If you are bullish and expect market to continue rise higher then also we have these zones and extension levels as possible bullish targets. Remember a few things about this market: 1. It has been consolidating for a while after hitting a major reversal level as you will see in the attached idea posted on Oct 13, 2021. This can still form a double top and fall down. 2. The Nifty 50 index has been taking divergence from US Indices this year. Whilst US indices fell Nity held its position strongly. But that does not mean it can no start to follow them again. The correlations come and go in time cycles. 3. This market cab target 20K level as well because that is psychological and is getting close. In terms of points, it is still too far but in the overall price action structure it is not. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NSE:NIFTY
by vikinsa
1
NIFTY 50 Weekly Forecast Analysis 28 Nov-2 Dec 2022 NIFTY 50 Weekly Forecast Analysis 28 Nov-2 Dec 2022 We can see that this week, the current implied volatility is around 1.85% , same as last week. According to ATR calculations, we are currently on the 51th percentile, while with INDIA VIX we are on 12th percentile. Based on this data, we can expect on average, the movement from open to close of the weekly candle to be : In case of bullish - 1.82% In case of bearish - 1.55% With the current IV calculation, we have currently 24.3% that the close of the weekly candle is going to finish either above or below the next channel: TOP: 18771 BOT: 18090 At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week: 26% chance that we are going to touch the previous low of the weekly candle of 18125 78% chance that we are going to touch the previous high of the weekly candle of 18535(already hit) Lastly from a technical analysis point of view, currently 80% of the moving averages rating, are insinuating we are in a BULLISH trend.
NSE:NIFTY
by exlux
NIFTY Volatility Analysis 21-25 Nov 2022 NIFTY Volatility Analysis 21-25 Nov 2022 We can see that currently the implied volatility for this week is around 2%, according to INDIA VIX data (INDIA Volatility Index ) With this in mind, currently from ATR point of view we are located in the 11th percentile, while according to INDIA VIX, we are on 2th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.89% movement Bearish: 1.5% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 21.1% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 18610 BOT: 17882 Taking into consideration the previous weekly high/low, currently for this candle there is : 66% probability we are going to touch previous low of 18220(already hit) 31% probability we are going to touch previous high of 18460 Lastly, from the technical analysis point of view, currently 80% of the weekly moving averages are in a bullish trend, and a combination of moving averages and oscillators are in 31% bullish stance
NSE:NIFTY
by exlux
NIFTY Weekly Forecast 14-18 November 2022 NIFTY Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 2%, down from 2.1% of last week. From volatility percentile, point of view, we are currently on 0th from ATR and 10th from INDIA VIX index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 1.88% for bullish 1.54% for bearish With the current IV, we can expect with a 75.6% probability that the market is not going to close either above or below the next channel: TOP: 18750 BOT: 18010 Lastly, based on previous calculations, we have: 79% to hit the previous weekly high of 18350 26% to hit the previous weekly low of 17975
NSE:NIFTY
by exlux
NIFTY50 is looking Bullish. 🤑 Nifty is likely to be Bullish till it's above 18240. ❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart. 🚧 Upside Hurdles: 18375, 18510. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 👺 Long Term Trend is Trapping the Bulls. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @ohotradin@OhoTrading0 is looking Bullish. 🤑 Nifty is likely to be Bullish till it's above 18240. ❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart. 🚧 Upside Hurdles: 18375, 18510. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 👺 Long Term Trend is Trapping the Bulls. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @ohotrading
NSE:NIFTYLong
by OhoTrading
USDINR STRONG IMPORTANT LEVELHello friends, First, I love India and the Indian people. I made an analysis for the Indian rupee and I think it is on a very important level now. You see the huge rising channel, in which a small falling one is formed. I have indicated the important levels on monthly and weekly charts, which were just hit. We saw a strong rejection from these levels, which means that the price is struggling to fall down further. If the daily candle closes today with a bullish candlestick pattern, I drew the path upside. However, my opinion is that we would only make a price correction in order to break those levels and fall further. Downside levels are really strong and if those are broken we might see a massive crash of the price. I advise you to follow the fundamental analysis of the Indian economy because it is an integral part of this trade. I will also upload pictures under this trade in order to see closer daily candle and fibonacci levels. I will update this trade and follow it closely! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Namaste! I wish you all the best and bags of profits during the new year.
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by meriliness