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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US markets rebound from the key support of 33,000 on Dow Jones; Banks and IT sector lead the recovery.
Indian markets witnessed selling pressure ahead of weekly expiry but the last hour bullish reversal signals buying opportunity.
Nifty reversed from the resistance turned support at 18,130 and Ichimoku cloud. Chart here
Additionally, Nifty retraced by 38.20% Fibonacci level creating an accumulation zone at the confluence of supports.
On BankNifty, the Bearish Harmonic pattern on hourly chart played it's role as index dip over 600pts from high.
On expiry day, index is likely to trade in the range of 43,460-44,079.
#PreMarket
#SGXNifty
Indian markets witnessed selling pressure ahead of weekly expiry but the last hour bullish reversal signals buying opportunity.
Nifty reversed from the resistance turned support at 18,130 and Ichimoku cloud. Chart here
Additionally, Nifty retraced by 38.20% Fibonacci level creating an accumulation zone at the confluence of supports.
On BankNifty, the Bearish Harmonic pattern on hourly chart played it's role as index dip over 600pts from high.
On expiry day, index is likely to trade in the range of 43,460-44,079.
#PreMarket
#SGXNifty
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Fast Profits Daily
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…
Nifty - 18,140 to 18,280+ 🔥
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Forwarded from Equitymaster
Here's a list of stocks to watch out for today. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3
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US markets witnessed bullish momentum in the second half of the day forming the rising three candlestick pattern on Dow Jones; the range of 32,900-33,000 can be short-term base for the index.
DAX hits 52-week high and it will continue to outperform global markets. In the start of 2023, I recorded a video saying "2023 is the year for European Markets" and it is trading at highs. Video here
Nifty is hovering in the range of 18,100-18,400. The zone of 18,090-18,140 will act as support zone for the index.
BankNifty is outperforming Nifty but 44,000 is acting as major hurdle for bulls. The bearish harmonic followed by reversal from 88.60% Fibonacci retracement indicates the bulls are exhausted at higher levels.
#SGXNifty
#PreMarket
DAX hits 52-week high and it will continue to outperform global markets. In the start of 2023, I recorded a video saying "2023 is the year for European Markets" and it is trading at highs. Video here
Nifty is hovering in the range of 18,100-18,400. The zone of 18,090-18,140 will act as support zone for the index.
BankNifty is outperforming Nifty but 44,000 is acting as major hurdle for bulls. The bearish harmonic followed by reversal from 88.60% Fibonacci retracement indicates the bulls are exhausted at higher levels.
#SGXNifty
#PreMarket
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BankNifty - Bulls need to protect 43,500 ⚔️
BankNifty is hovering between 44,100-43,500 this week and it's time for bulls to roll up their sleeves for the imperative task of protecting the crucial level of 43,500.
An ascending triangle breakout, retest and resumption in the bullish momentum is the sign of a bullish trend, but...
The bulls lack strength in bullish momentum as bears are aggressive around the key psychological level of 44,000 and an all-time high of 44,151.
The 50HEMA too is acting as a support zone. The support line of the triangle pattern and 50HEMA is placed in the range of 43,600-43700.
By successfully defending this level, the bulls can uphold the positive momentum and sustain the upward trajectory in the index.
(CMP-43,800)
#BankNifty
#KeepItSimple
BankNifty is hovering between 44,100-43,500 this week and it's time for bulls to roll up their sleeves for the imperative task of protecting the crucial level of 43,500.
An ascending triangle breakout, retest and resumption in the bullish momentum is the sign of a bullish trend, but...
The bulls lack strength in bullish momentum as bears are aggressive around the key psychological level of 44,000 and an all-time high of 44,151.
The 50HEMA too is acting as a support zone. The support line of the triangle pattern and 50HEMA is placed in the range of 43,600-43700.
By successfully defending this level, the bulls can uphold the positive momentum and sustain the upward trajectory in the index.
(CMP-43,800)
#BankNifty
#KeepItSimple
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Fast Profits Daily
BankNifty - Bulls need to protect 43,500 ⚔️ BankNifty is hovering between 44,100-43,500 this week and it's time for bulls to roll up their sleeves for the imperative task of protecting the crucial level of 43,500. An ascending triangle breakout, retest and…
BankNifty - Bulls protected 43,500 resulting in Bullish Harmonic 🔥
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Fast Profits Daily
BankNifty - Bulls protected 43,500 resulting in Bullish Harmonic 🔥
BankNifty Low @ 43,531...CMP-44000 📈
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Dow Jones - Trapped in the Middle 📈📉
DJIA is trending in the broadening triangle or megaphone technical pattern.
Index managed to form a higher low with the bullish reversal candlestick pattern belt-hold at the key psychological level of 33,000.
The trendline breakout (green) is followed by a bearish reversal candlestick pattern called a dark-cloud cover signalling an indecisive for bulls and bears.
The break of the 32,900-33,737 range will serve as a crucial confirmation for further momentum in the market. Until that point, traders may find themselves engaged in range trading.
Traders should wait for this break to guide their strategies and capitalize on the subsequent price movement that may unfold.
#DowJones
#KeepItSimple
DJIA is trending in the broadening triangle or megaphone technical pattern.
Index managed to form a higher low with the bullish reversal candlestick pattern belt-hold at the key psychological level of 33,000.
The trendline breakout (green) is followed by a bearish reversal candlestick pattern called a dark-cloud cover signalling an indecisive for bulls and bears.
The break of the 32,900-33,737 range will serve as a crucial confirmation for further momentum in the market. Until that point, traders may find themselves engaged in range trading.
Traders should wait for this break to guide their strategies and capitalize on the subsequent price movement that may unfold.
#DowJones
#KeepItSimple
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Energy Index - A Bull Run in the Making 📈
After reversing from the support line of the falling channel pattern, the index forms a higher high - higher low bullish structure.
The retest of the previous high and resumption in bullish momentum confirms the index is headed northwards.
Hey traders, it's time to seize a buying opportunity in the energy stocks.
(CMP-23,990)
#NiftyEnergyIndex
#KeepItSimple
After reversing from the support line of the falling channel pattern, the index forms a higher high - higher low bullish structure.
The retest of the previous high and resumption in bullish momentum confirms the index is headed northwards.
Hey traders, it's time to seize a buying opportunity in the energy stocks.
(CMP-23,990)
#NiftyEnergyIndex
#KeepItSimple
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Forwarded from Equitymaster
Here's a list of stocks to watch out for today. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3
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Why Siemens Share Price is Falling
Following a non-stop rally, Siemens share price corrected 15% in two days after getting nod to sell its general motor business to the parent company.
A technical view on the weekly chart is shared in the article.
http://www.eqtm.in/Br2f4
Following a non-stop rally, Siemens share price corrected 15% in two days after getting nod to sell its general motor business to the parent company.
A technical view on the weekly chart is shared in the article.
http://www.eqtm.in/Br2f4
Equitymaster
Why Siemens Share Price is Falling
Following a non-stop rally, Siemens share price corrected 15% in two days after getting nod to sell its general motor business to the parent company.
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