Fast Profits Daily
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Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
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Forwarded from Equitymaster
Profit Hunter - Equitymaster's Editors on the Union Budget

Our editors weigh in with their views on the budget.

http://www.eqtm.in/g4WXb
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US markets ends in green after Federal Reserve raised interest rate by 25bps. The commentary by Fed Chairman was positive as he declared premature victory against inflation.

Indian markets witnessed the most volatile day of ~1,000pts move in Nifty and ending on a flat note with loss of 0.26%.

The Adani saga may add pain to Indian markets which is underperforming it's global peers. SGX Nifty is trading down by 95 points on the back of Adani withdrawing it's FPO.

On the daily chart, the Nifty is trading at 200DEMA placed at 17,553. The risk for the bulls is the weakness in RSI which has turned southwards from 50.

The major support will be 17,412 while 18,054 is the major hurdle for bulls.

#PreMarket
#SGXNifty
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SGX Nifty - Bullish Reciprocal AB=CD @ 200DEMA 📈
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Nasdaq and Dow Jones Transportation Index gains 3% each while Dow Jones manage to close on flat note after opening on a negative note.

Asian markets trade mix as Japan in green while China in red. SGX Nifty is trading above 17,700 gaining 0.35%.

The Bullish Reciprocal Harmonic reversal pattern is visible on the daily chart of SGX Nifty indicates the bullish momentum on cards. It strengthens the pattern as it has formed at 200DEMA.

IT stocks will be in focus as Nasdaq gains over 3%. Nifty IT Index gained 1.8% yesterday signaling the strength in bullish momentum.

Bank Nifty has reversed from multiple support area of 39,500; the bulls should grab the opportunity.

#PreMarket
#SGXNifty
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Nifty50 Heat Map - 2nd Feb 2023

Can IT lead the day AGAIN?

👍🏻 Yes
👎🏻 No
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Adani Stocks feel the heat for another day 📉


Should you worry about the Banks now?

As per Mar'22 financial statement, the bank loan is ~38% to Adani stocks out of which 28% is from PSU Banks.

SBI is the largest lender, should you trade or invest in the stock?

Watch the video to know the chart pattern of SBI and PSU Bank Index. Click here

#AdaniStocks
#SBI
#PSUBanks
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Forwarded from Equitymaster
Adani Group Stocks: Should You Catch These Falling Knives?

Time to buy the dip in Adani group stocks? Read on to find out what the technical charts say.

http://www.eqtm.in/y5FQt
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Dow Jones - Pennant Breakout above 34,400 📈
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Forwarded from Equitymaster
On the Investor Hour this Week...

Rajashekhar Iyer On His Unique Benjamin Graham+ Approach to Picking Stocks

Rajashekhar Iyer’s stock market journey has taken him from writing notes on stocks for a magazine to being recognized as a super investor.

His unique investing style uses Benjamin Graham’s approach as a base...and to that he has made modifications to evolve a style that is time tested.

This involves when to buy a stock, and when to exit. His approach to position sizing is extremely well thought through, and something investors should emulate.

This fascinating episode is bound to make you think about how you could improve your own approach to stock picking, and portfolio building.

Listen in...
https://youtu.be/gh7o6KHE-qs
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Indian markets ended the week on a positive note while Dow Jones end on a flat note.

After the volatile week and Adani saga, the weekly chart of Nifty trends bullish.

The falling trendline breakout, retest, and reversal candlestick pattern, indicates the bulls are in control of the medium-to-long-term trend.
Index broke out of the falling trendline (black) in November 2022 and rallied to hit a new high of 18,887.

The Piercing Candlestick is visible on charts, signaling a reversal is on the cards.

The icing on the cake is the reversal pattern forming at the long-term moving average of 50WEMA (Weekly Exponential Moving Average). The bulls have an upper hand on the charts but 18,054 will be the nearest hurdle.

SGX Nifty is indicating a flat to negative opening at 17,815.

#PreMarket
#SGXNifty
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Adani Stocks Gap Down and Reversing 📉📈

You can track Adani Group Stocks Live Price here

Are you Buying?

👍🏻 Yes
👎🏻 No
❤️ Let the dust settle
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Nifty Futures - Series of Bearish Column on P&F Chart
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Adani Ports amongst Top Gainers in Nifty50 🔥

Should you catch the falling knife?

I
have shared the chart patterns on a few Adani Stocks. Read here

#AdaniStocks
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