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
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
You can track Adani Group Stocks Live Price here
Are you Buying?
👍🏻 Yes
👎🏻 No
❤️ Let the dust settle
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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
Should you catch the falling knife?
I have shared the chart patterns on a few Adani Stocks. Read here
#AdaniStocks
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Fast Profits Daily - Nifty and Midcap Index Trading Levels
This is how I see the Nifty moving from here.
http://www.eqtm.in/a4GSf
This is how I see the Nifty moving from here.
http://www.eqtm.in/a4GSf
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US markets ends in red with Nasdaq losing a percent; Asian starts the day on a positive note. SGX Nifty is trading up by 70 points at 17830.
Metals stocks may witness bearish momentum as Tata Steel numbers disappoints.
Nifty may trend in the range of 17,400 - 18,000 zone as index hovers between 50DEMA and 200DEMA.
Sectors in focus today will be Auto and FMCG.
#PreMarket
#SGXNifty
Metals stocks may witness bearish momentum as Tata Steel numbers disappoints.
Nifty may trend in the range of 17,400 - 18,000 zone as index hovers between 50DEMA and 200DEMA.
Sectors in focus today will be Auto and FMCG.
#PreMarket
#SGXNifty
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Adani Stocks - Light at the end of the Tunnel?
Amid all the negativity in the last couple of weeks, is there some light at the end of the tunnel or it's a dead cat bounce?
As soon as the news of promoters paying $1.1bln before the time to free its pledge share was out, the stock of Adani Group began its reversal journey.
Technically, few of the Adani stocks like Adani Ports, ACC and Ambuja were trading at major support and they are showing the sign of reversal setup on charts.
I wrote about catching the following knives on 3rd Feb 2023 to highlight these setups. Read here
The chart structure indicates the group stocks may witness a short-covering rally and till the recent lows are not taken out, the stock may hold the light at the end of the tunnel perspective.
You can watch the Adani Group stocks Live Stock Price here
#AdaniStocks
#ChartPatterns
Amid all the negativity in the last couple of weeks, is there some light at the end of the tunnel or it's a dead cat bounce?
As soon as the news of promoters paying $1.1bln before the time to free its pledge share was out, the stock of Adani Group began its reversal journey.
Technically, few of the Adani stocks like Adani Ports, ACC and Ambuja were trading at major support and they are showing the sign of reversal setup on charts.
I wrote about catching the following knives on 3rd Feb 2023 to highlight these setups. Read here
The chart structure indicates the group stocks may witness a short-covering rally and till the recent lows are not taken out, the stock may hold the light at the end of the tunnel perspective.
You can watch the Adani Group stocks Live Stock Price here
#AdaniStocks
#ChartPatterns
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US equity indices rally after Powell comment on ease in inflation numbers.
Asian pack trade mix while SGX Nifty gains 70pts and trades at 17,800.
Nifty is hovering in the range of 17,400-18,000 levels. Watch out for 17,820-17,870 levels in today's session.
#Premarket
#SGXNifty
Asian pack trade mix while SGX Nifty gains 70pts and trades at 17,800.
Nifty is hovering in the range of 17,400-18,000 levels. Watch out for 17,820-17,870 levels in today's session.
#Premarket
#SGXNifty
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Bank Nifty - Ahead of RBI Meet
Index is hovering in the range of 50DEMA and 200DEMA (Daily Exponential Moving Average).
The recent high of 42,015 resisted at 50DEMA and slipped back to 39,500 but recovered from the support of 200DEMA.
The multiple resistance at 41,750 and 42,100 will be a hurdle for bulls to a resumption of the bullish scenario.
RBI Meet today may witness volatility but the mentioned range will be important to watch out for.
#BankNifty
#RBIMeet
Index is hovering in the range of 50DEMA and 200DEMA (Daily Exponential Moving Average).
The recent high of 42,015 resisted at 50DEMA and slipped back to 39,500 but recovered from the support of 200DEMA.
The multiple resistance at 41,750 and 42,100 will be a hurdle for bulls to a resumption of the bullish scenario.
RBI Meet today may witness volatility but the mentioned range will be important to watch out for.
#BankNifty
#RBIMeet
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Fast Profits Daily
Bank Nifty - Ahead of RBI Meet Index is hovering in the range of 50DEMA and 200DEMA (Daily Exponential Moving Average). The recent high of 42,015 resisted at 50DEMA and slipped back to 39,500 but recovered from the support of 200DEMA. The multiple resistance…
Updated Chart: BankNifty
Index failed to surpass the resistance zone and it may continue to trade in the range.
#BankNifty
Index failed to surpass the resistance zone and it may continue to trade in the range.
#BankNifty
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IT stocks leads the way for Nifty50; ends the day at 17,871 gaining 0.85%.
The rising-three bullish candlestick pattern is visible on the daily chart of Nifty indicating the resumption of a bullish trend.
The bullish piercing on the weekly chart and rising three on the daily chart signals 17,300 can be the new base on Nifty.
The break of 200DMA placed at 18,140 confirms the base on Nifty.
Midcap Index has reversed from the lower band of the megaphone pattern and heading towards 33,000 levels. Watch my video here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The rising-three bullish candlestick pattern is visible on the daily chart of Nifty indicating the resumption of a bullish trend.
The bullish piercing on the weekly chart and rising three on the daily chart signals 17,300 can be the new base on Nifty.
The break of 200DMA placed at 18,140 confirms the base on Nifty.
Midcap Index has reversed from the lower band of the megaphone pattern and heading towards 33,000 levels. Watch my video here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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US market ends in red with Nasdaq falling the most by 1.68%; Asian markets open on a flat note.
The rising-three candlestick pattern on the daily chart of Nifty indicates the bullish tone; 18,054 may act as the wall for bulls.
BankNifty felt the pain at the resistance zone of 41,700; above yesterday's high expect the move towards 42,000 on weekly expiry today.
#PreMarket
#SGXNifty
The rising-three candlestick pattern on the daily chart of Nifty indicates the bullish tone; 18,054 may act as the wall for bulls.
BankNifty felt the pain at the resistance zone of 41,700; above yesterday's high expect the move towards 42,000 on weekly expiry today.
#PreMarket
#SGXNifty
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Forwarded from Equitymaster
Here's a list of stocks to watch out for today in the Indian share market. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3
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Forwarded from Equitymaster
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US Markets dives in the last hour to close a percent down; Dow Jones Transportation Index fell over 2%.
The bulls and bears are in battleground of Nifty as it trades in the range of 17,500-18,000 zone. The trend traders should avoid fresh positions while option writers can look from strangle short strategy.
IT stocks are in bullish momentum; traders should add to the marketwatch.
#PreMarket
#SGXNifty
The bulls and bears are in battleground of Nifty as it trades in the range of 17,500-18,000 zone. The trend traders should avoid fresh positions while option writers can look from strangle short strategy.
IT stocks are in bullish momentum; traders should add to the marketwatch.
#PreMarket
#SGXNifty
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Fast Profits Daily - Pyramiding TCS & Infosys for Higher Trading Gains
A trading technique that can boost your gains.
http://www.eqtm.in/Bk6o4
A trading technique that can boost your gains.
http://www.eqtm.in/Bk6o4
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#Averaging or #Pyramiding - What would you prefer.
A #twitterthread on the #strategy of #pyramiding
https://twitter.com/Equitymaster/status/1623983163205885952?t=1DydEbNjv-YYigy1rBTsig&s=19
A #twitterthread on the #strategy of #pyramiding
https://twitter.com/Equitymaster/status/1623983163205885952?t=1DydEbNjv-YYigy1rBTsig&s=19
Twitter
Averaging and Pyramiding are two important concepts in trading that help traders manage their risk and potentially increase profits. Our chartist @bbrijesh explains the concept of #averaging and #pyramiding
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