Forwarded from Equitymaster
ITC Share Price: The Driving Force Behind FMCG Sector’s Bull Run
As long as ITC continues to perform strongly, it’s likely that the FMCG index will continue to be buoyed by its weightage in the coming months.
ITC Drives FMCG Index
Here’s an extract…
As one of the largest FMCG companies in India, ITC's strong financial performance and market dominance has made it a key player in the industry.
The company's diverse product portfolio, including popular brands such as Aashirvad, Sunfeast, and Bingo! have made it a market leader.
In recent years, ITC has also made significant strides in sustainability and corporate social responsibility, which has further boosted its reputation and appeal among investors.
Read on for more…
http://www.eqtm.in/Lq7w6
As long as ITC continues to perform strongly, it’s likely that the FMCG index will continue to be buoyed by its weightage in the coming months.
ITC Drives FMCG Index
Here’s an extract…
As one of the largest FMCG companies in India, ITC's strong financial performance and market dominance has made it a key player in the industry.
The company's diverse product portfolio, including popular brands such as Aashirvad, Sunfeast, and Bingo! have made it a market leader.
In recent years, ITC has also made significant strides in sustainability and corporate social responsibility, which has further boosted its reputation and appeal among investors.
Read on for more…
http://www.eqtm.in/Lq7w6
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Global markets trade on a mixed trend; Indian markets rebound after Friday's dip as Nifty and Sensex gain over a per cent.
The bullish trend is getting stronger on the Heikin Ashi chart of Nifty indicating the momentum towards a new high.
BankNifty after the HDFC Bank shock recovers in yesterday's session but has a major hurdle at 43,589-43,746. The range of 42,890-43,800 may be expected for weekly expiry.
The Nifty Auto index is breaking out of the Fibonacci time cycle theory of 178 trading days and trading at an all-time high; auto stocks should be in focus for the May series.
#SGXNifty
#PreMarket
The bullish trend is getting stronger on the Heikin Ashi chart of Nifty indicating the momentum towards a new high.
BankNifty after the HDFC Bank shock recovers in yesterday's session but has a major hurdle at 43,589-43,746. The range of 42,890-43,800 may be expected for weekly expiry.
The Nifty Auto index is breaking out of the Fibonacci time cycle theory of 178 trading days and trading at an all-time high; auto stocks should be in focus for the May series.
#SGXNifty
#PreMarket
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Global and Indian equities traded in the range yesterday; Dow Jones and Nasdaq ended on a negative note with 0.17% and 0.63% respectively.
HangSeng started the day on lower opening and recovered to trade on a flat note.
It signals positive opening for SGX Nifty which is trading up by 35pts.
The bullish candle, retracement and trend resumption candle signal the bulls are in control of the momentum and this may prolong towards 18,445-18560 zone on Nifty.
BankNifty is facing the hurdle at the resistance zone of 43,589-43,713; the support is placed at 42,871-42,777 zone.
Gas stocks are resuming the bullish momentum and it should be on your watchlist.
#SGXNIFTY
#PreMarket
HangSeng started the day on lower opening and recovered to trade on a flat note.
It signals positive opening for SGX Nifty which is trading up by 35pts.
The bullish candle, retracement and trend resumption candle signal the bulls are in control of the momentum and this may prolong towards 18,445-18560 zone on Nifty.
BankNifty is facing the hurdle at the resistance zone of 43,589-43,713; the support is placed at 42,871-42,777 zone.
Gas stocks are resuming the bullish momentum and it should be on your watchlist.
#SGXNIFTY
#PreMarket
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Fast Profits Daily - Tata Motors Can be the ITC of the Auto Index
What do the charts say about Tata Motors? Find out in this video...
http://www.eqtm.in/Gg94S
What do the charts say about Tata Motors? Find out in this video...
http://www.eqtm.in/Gg94S
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Global markets trade on a flat note; SGX Nifty indicates the positive opening of 40pts at 18,400.
The recovery in the second half on D-Street ends the day near high and the positive opening may accelerate the bullish momentum above 18,350 on Nifty.
As per derivative structure, the weekly expiry is likely to be in the range of 18,267-18,490.
BankNifty may face the hurdle at 43,500-43,600; expect a short covering rally above the hurdle zone towards 44,000.
Tata Motors has broken out of technical pattern and outperforming the Auto index.
Can TataMotors be the ITC of Auto sector?
Watch my video here
#SGXNifty
#PreMarket
The recovery in the second half on D-Street ends the day near high and the positive opening may accelerate the bullish momentum above 18,350 on Nifty.
As per derivative structure, the weekly expiry is likely to be in the range of 18,267-18,490.
BankNifty may face the hurdle at 43,500-43,600; expect a short covering rally above the hurdle zone towards 44,000.
Tata Motors has broken out of technical pattern and outperforming the Auto index.
Can TataMotors be the ITC of Auto sector?
Watch my video here
#SGXNifty
#PreMarket
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BankNifty – Is this the SWING TOP?
The bulls cheered the opening in the BankNifty as it hits the high of 43,774 but the party was short-lived, and the index fell to a low of 43,367.
The Candlestick Patterns
On 4th May 2023, we witnessed the tweezers-top bearish reversal candlestick reversal pattern at the high of 43,739 on the intraday chart of 30mins.
With the gap-up opening and losing momentum in the first 30mins of the day, the bearish belt-hold candlestick pattern is visible around the similar highs signalling the pause to the bullish momentum.
The break of 43,350 will confirm the bearish reversal as per the belt-hold candlestick pattern.
Momentum Indicator turns BEARISH
Stochastic, the momentum oscillator signals a negative crossover with the bearish candlestick patterns indicating the reversal on cards.
The Confirmation
The break of 43,800-43,350 will confirm the further momentum for bulls and bears.
#BankNifty (CMP-43,550)
#KeepItSimple
The bulls cheered the opening in the BankNifty as it hits the high of 43,774 but the party was short-lived, and the index fell to a low of 43,367.
The Candlestick Patterns
On 4th May 2023, we witnessed the tweezers-top bearish reversal candlestick reversal pattern at the high of 43,739 on the intraday chart of 30mins.
With the gap-up opening and losing momentum in the first 30mins of the day, the bearish belt-hold candlestick pattern is visible around the similar highs signalling the pause to the bullish momentum.
The break of 43,350 will confirm the bearish reversal as per the belt-hold candlestick pattern.
Momentum Indicator turns BEARISH
Stochastic, the momentum oscillator signals a negative crossover with the bearish candlestick patterns indicating the reversal on cards.
The Confirmation
The break of 43,800-43,350 will confirm the further momentum for bulls and bears.
#BankNifty (CMP-43,550)
#KeepItSimple
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Dow Jones reverse from the resistance zone and slips to 33,200 levels; ends at 33,309 losing 0.66%. Chart here
Asian markets indices HangSeng and Nikkei trades in green while SGXNifty indicates the negative opening of 66pts for Indian markets.
BankNifty forms bearish candlestick pattern around previous high indicating 43,600-43,800 as resistance zone while 43,300 will be the confirmation level for reversal. Chart here
The dip in auto stocks can be an opportunity for long traders.
#SGXNifty
#PreMarket
Asian markets indices HangSeng and Nikkei trades in green while SGXNifty indicates the negative opening of 66pts for Indian markets.
BankNifty forms bearish candlestick pattern around previous high indicating 43,600-43,800 as resistance zone while 43,300 will be the confirmation level for reversal. Chart here
The dip in auto stocks can be an opportunity for long traders.
#SGXNifty
#PreMarket
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Dow Jones closed down over a percent for straight second week as it reverses from the resistance zone; the zone of 32834-33,000 will be the key support this week. The break of support zone may accelerate bearish momentum and trigger global sell-off.
Nifty formed the bullish weekly candle but hovered in the range of 1% for last four days; 18,056 will mark a reversal the bullish momentum.
BankNifty is bullish on charts as it breaks the resistance zone of 43,800; the 44,500 may be on cards this week.
The win for Congress in Karnataka may have knee jerk reaction on D-street; the large body bearish candlestick can lead to dumpling top pattern on Nifty. The bulls can be in the game above 18,400.
SGXNifty is indicating a negative opening of 40pts at ~18,280.
#SGXNifty
#PreMarket
Nifty formed the bullish weekly candle but hovered in the range of 1% for last four days; 18,056 will mark a reversal the bullish momentum.
BankNifty is bullish on charts as it breaks the resistance zone of 43,800; the 44,500 may be on cards this week.
The win for Congress in Karnataka may have knee jerk reaction on D-street; the large body bearish candlestick can lead to dumpling top pattern on Nifty. The bulls can be in the game above 18,400.
SGXNifty is indicating a negative opening of 40pts at ~18,280.
#SGXNifty
#PreMarket
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BankNifty Futures - Bearish Harmonic Pattern 📉
On the hourly chart of Bank Nifty Futures, the bearish butterfly harmonic pattern is completed at 44,050 and the index closed below the reversal level.
Make-or-Break
The move below 43,900 may accelerate the bearish momentum towards 43,500-43,600 while 44,222 will negate the pattern.
#BankNifty
#KeepItSimple
On the hourly chart of Bank Nifty Futures, the bearish butterfly harmonic pattern is completed at 44,050 and the index closed below the reversal level.
Make-or-Break
The move below 43,900 may accelerate the bearish momentum towards 43,500-43,600 while 44,222 will negate the pattern.
#BankNifty
#KeepItSimple
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US Bank Index holds the bulls on Wallstreet as it gains 2%; IT Index Nasdaq on recovery phase.
Sensex/Dow Jones Industrial Index ratio chart ends the six months lower high - lower low structure indicating the resumption of India's outperformance over US.
On P&F chart, Nifty has broken out of bullish double top buy pattern indicating the resumption of bullish momentum after consolidating in the range of 18,200-18-400.
BankNifty is on the verge of breaking out of all-time high. The bearish harmonic pattern on hourly chart indicates pause; the pattern confirms below 43,900 (Futures) while it negates above 44,200.
In our Fast Profits Report, we have released a Special Report on Realty sector and recommended 2 stocks.
By logging in with your credentials on our website, you can access the report and delve into it's content.
#SGXNifty
#PreMarket
Sensex/Dow Jones Industrial Index ratio chart ends the six months lower high - lower low structure indicating the resumption of India's outperformance over US.
On P&F chart, Nifty has broken out of bullish double top buy pattern indicating the resumption of bullish momentum after consolidating in the range of 18,200-18-400.
BankNifty is on the verge of breaking out of all-time high. The bearish harmonic pattern on hourly chart indicates pause; the pattern confirms below 43,900 (Futures) while it negates above 44,200.
In our Fast Profits Report, we have released a Special Report on Realty sector and recommended 2 stocks.
By logging in with your credentials on our website, you can access the report and delve into it's content.
#SGXNifty
#PreMarket
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Fast Profits Daily
BankNifty Futures - Bearish Harmonic Pattern 📉 On the hourly chart of Bank Nifty Futures, the bearish butterfly harmonic pattern is completed at 44,050 and the index closed below the reversal level. Make-or-Break The move below 43,900 may accelerate the…
BankNifty - Bears 🐻 reacting to this pattern 😛
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Fast Profits Daily - Sell in May and Go Away?
What will the Nifty do this month? Find out...
http://www.eqtm.in/q4Y7F
What will the Nifty do this month? Find out...
http://www.eqtm.in/q4Y7F
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SELL IN MAY & GO AWAY?
DJIA slips to 33,000 and Sensex struggling to head towards new highs; what should be your trading plan?
Watch my video for road map ahead. Click here
SGXNifty indicates an opening below 18,300 as US index DowJones closed down by a percent while DJ Bank Index corrected by 1.45%.
On Nifty, the support zone of 18,230-18,190 need to be protected by bulls to maintain it's bullish tone.
On BankNifty, the bearish harmonic on hourly chart is playing it's role. The test of 43,716-43,563 can be on cards as per pattern. Chart here
Sectors to buy on dips - Realty and Auto.
#SGXNifty
#PreMarket
DJIA slips to 33,000 and Sensex struggling to head towards new highs; what should be your trading plan?
Watch my video for road map ahead. Click here
SGXNifty indicates an opening below 18,300 as US index DowJones closed down by a percent while DJ Bank Index corrected by 1.45%.
On Nifty, the support zone of 18,230-18,190 need to be protected by bulls to maintain it's bullish tone.
On BankNifty, the bearish harmonic on hourly chart is playing it's role. The test of 43,716-43,563 can be on cards as per pattern. Chart here
Sectors to buy on dips - Realty and Auto.
#SGXNifty
#PreMarket
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Fast Profits Daily
BankNifty Futures - Bearish Harmonic Pattern 📉 On the hourly chart of Bank Nifty Futures, the bearish butterfly harmonic pattern is completed at 44,050 and the index closed below the reversal level. Make-or-Break The move below 43,900 may accelerate the…
BankNifty - Bearish Harmonic + Trendline Breakdown 📉 - Updated Chart
As highlighted, the bearish harmonic pattern is currently unfolding, indicating a potential downtrend in the BankNifty.
We posted the chart when the index was trading around 44,050, made a high of 44,114 (May Futures) and a perfect picture reversal from the PRZ.
Following the bearish harmonic pattern, a significant development in the market is the breakdown of the rising trendline (red).
The lower high of 44,114 from the subsequent peak of ATH - 44,248 (Futures) indicates a potential trend reversal.
Short-term trend reversals require a keen eye, as they can signal temporary shifts in sentiment that savvy traders can capitalize on.
As per the current chart structure, the bulls can be in the game above 44,300 (Futures).
#BankNifty
#BearishHarmonic
#KeepItSimple
As highlighted, the bearish harmonic pattern is currently unfolding, indicating a potential downtrend in the BankNifty.
We posted the chart when the index was trading around 44,050, made a high of 44,114 (May Futures) and a perfect picture reversal from the PRZ.
Following the bearish harmonic pattern, a significant development in the market is the breakdown of the rising trendline (red).
The lower high of 44,114 from the subsequent peak of ATH - 44,248 (Futures) indicates a potential trend reversal.
Short-term trend reversals require a keen eye, as they can signal temporary shifts in sentiment that savvy traders can capitalize on.
As per the current chart structure, the bulls can be in the game above 44,300 (Futures).
#BankNifty
#BearishHarmonic
#KeepItSimple
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Fast Profits Daily
BankNifty - Bearish Harmonic + Trendline Breakdown 📉 - Updated Chart As highlighted, the bearish harmonic pattern is currently unfolding, indicating a potential downtrend in the BankNifty. We posted the chart when the index was trading around 44,050, made…
Wohoooo.....BankNifty Futures 500pts down from reversal level 🔥💰
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Nifty - Timing is Everything, Buying in the Accumulation Zone📈📉
The index has retraced by 38.20% Fibonacci level from the low of 17,553 to the high of 18,458 at 18,115.
In a bullish trend, a retracement refers to a pullback in the upward price movement offering opportunities for buying or adding to existing positions at relatively lower prices before the upward momentum continues.
The blue parallel lines marked at previous swing highs will act as a support zone for the ongoing bullish trend.
Ichimoku Kinko Hyo, a popular technical analysis tool is signalling buy as the index is trading at the support of the cloud which coincides with the support zone signalling an accumulation zone for bulls.
The zone of 18,090-18,140 will act as an accumulation zone for Nifty and the break of 17,975 will negate the chart structure.
#Nifty
#KeepItSimple
The index has retraced by 38.20% Fibonacci level from the low of 17,553 to the high of 18,458 at 18,115.
In a bullish trend, a retracement refers to a pullback in the upward price movement offering opportunities for buying or adding to existing positions at relatively lower prices before the upward momentum continues.
The blue parallel lines marked at previous swing highs will act as a support zone for the ongoing bullish trend.
Ichimoku Kinko Hyo, a popular technical analysis tool is signalling buy as the index is trading at the support of the cloud which coincides with the support zone signalling an accumulation zone for bulls.
The zone of 18,090-18,140 will act as an accumulation zone for Nifty and the break of 17,975 will negate the chart structure.
#Nifty
#KeepItSimple
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