Forwarded from Equitymaster
Titan Share Price is Rising in Perfect Harmony with Gold Prices. What Next?
The repetition of historical patterns and the correlation with bullish gold prices indicate the potential for further upside in Titan.
Momentum in this Tata Group Stock
Here’s an extract…
Share price of Titan has witnessed a steep rise in the recent months as it broke out from its resistance zone.
The repetition of historical patterns and the correlation with bullish gold prices indicate the potential for further upside in the stock.
But there’s one thing to take note of. Continue reading to know more…
http://www.eqtm.in/f3AGc
The repetition of historical patterns and the correlation with bullish gold prices indicate the potential for further upside in Titan.
Momentum in this Tata Group Stock
Here’s an extract…
Share price of Titan has witnessed a steep rise in the recent months as it broke out from its resistance zone.
The repetition of historical patterns and the correlation with bullish gold prices indicate the potential for further upside in the stock.
But there’s one thing to take note of. Continue reading to know more…
http://www.eqtm.in/f3AGc
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Forwarded from Equitymaster
Mazagon Dock Share Price Zooms 10% to Hit Record High. Technical Charts Suggest…
While the breakout in Mazagon Dock and the bullish trend in shipbuilding stocks seem promising, it’s essential to consider the associated risks as well.
Mazagon Dock Share Price Skyrockets!
Here’s an extract…
Mazagon Dock share price zoomed 10% to scale fresh peak today. The breakout, accompanied by higher volumes, indicates strength.
Additionally, the Market Cap Weighted Ship Building Stocks Index (MCWSBSI) suggests a potential bullish trend in shipbuilding stocks.
However, it’s crucial to consider the risks associated with the breakout setup, including market volatility, sector-specific risks and market sentiment.
Continue reading…
http://www.eqtm.in/i5K7M
While the breakout in Mazagon Dock and the bullish trend in shipbuilding stocks seem promising, it’s essential to consider the associated risks as well.
Mazagon Dock Share Price Skyrockets!
Here’s an extract…
Mazagon Dock share price zoomed 10% to scale fresh peak today. The breakout, accompanied by higher volumes, indicates strength.
Additionally, the Market Cap Weighted Ship Building Stocks Index (MCWSBSI) suggests a potential bullish trend in shipbuilding stocks.
However, it’s crucial to consider the risks associated with the breakout setup, including market volatility, sector-specific risks and market sentiment.
Continue reading…
http://www.eqtm.in/i5K7M
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Fast Profits Daily - Why the Metal Index May Outperform Nifty 500
A lot of technical indicators point towards a comeback rally in metal stocks. Watch this video till the end to find out which companies to track now...
http://www.eqtm.in/Rq62Q
A lot of technical indicators point towards a comeback rally in metal stocks. Watch this video till the end to find out which companies to track now...
http://www.eqtm.in/Rq62Q
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Global markets kick off the week on a positive note, indicating a promising outlook for Indian markets, despite Japan's Nikkei trading down by a percent, which may potentially limit a positive movement in the Asian region.
Nifty starts the day with a gap up, driven by Reliance Industries for the second consecutive day, while BankNifty closes in the red.
On Nifty, the weekly writers of the 19500CE options are defending the levels, indicating their intention to protect that price point. However, if the index manages to surpass the 19,558 mark, it could trigger a short covering rally.
The electrical equipments and domestic appliances sector, including companies like Polycab, V-Guard, Crompton, and KEI, is worth monitoring for potential momentum trading opportunities.
#PreMarket
#GiftNifty
Nifty starts the day with a gap up, driven by Reliance Industries for the second consecutive day, while BankNifty closes in the red.
On Nifty, the weekly writers of the 19500CE options are defending the levels, indicating their intention to protect that price point. However, if the index manages to surpass the 19,558 mark, it could trigger a short covering rally.
The electrical equipments and domestic appliances sector, including companies like Polycab, V-Guard, Crompton, and KEI, is worth monitoring for potential momentum trading opportunities.
#PreMarket
#GiftNifty
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Dow Jones opened with a gap and rallied over 300pts, breaking out of a bullish pennant pattern. It closed marginally higherwith a gain of 86pts. Despite failing to surpass the previous high of 34,598, the pennant pattern has not yet failed, as its failure level is set at 33,777.
The last hour of selling in Nifty yesterday established 19,500 as a significant hurdle for today's expiry, with a confident fight to protect this level by 19,500CE writers. The index is expected to find support around 19,279, and the anticipated range for today's expiry is likely to be in the range of 19,280-19,530.
BankNifty is approaching the retest of a breakout level of 44,400-44,500 on the charts. Additionally, the 44,500PE options for today's expiry show the highest OI in puts to the tune of 1.12L contracts suggesting strong support levels for the bulls.
It's अलविदा to the HDFC Ltd's remarkable 45 years of trading on D-Street. It closed at Rs.2,724 on NSE and will be mergered into HDFC Bank from today.
#GiftNifty
#PreMarket
The last hour of selling in Nifty yesterday established 19,500 as a significant hurdle for today's expiry, with a confident fight to protect this level by 19,500CE writers. The index is expected to find support around 19,279, and the anticipated range for today's expiry is likely to be in the range of 19,280-19,530.
BankNifty is approaching the retest of a breakout level of 44,400-44,500 on the charts. Additionally, the 44,500PE options for today's expiry show the highest OI in puts to the tune of 1.12L contracts suggesting strong support levels for the bulls.
It's अलविदा to the HDFC Ltd's remarkable 45 years of trading on D-Street. It closed at Rs.2,724 on NSE and will be mergered into HDFC Bank from today.
#GiftNifty
#PreMarket
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Dollar Index Hits 52-Week Low – What’s Next?
The Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of major currencies, has experienced a sharp decline to 52-week low.
The breakdown from a triangle pattern (black) on the chart suggests that the index could potentially test the 96-97 levels, finding support within a rising channel (red).
The breakdown occurs at the 161-day mark, it may have a significant impact as per the Fibonacci Time cycle theory.
#DollarIndex
#KeepItSimple
The Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of major currencies, has experienced a sharp decline to 52-week low.
The breakdown from a triangle pattern (black) on the chart suggests that the index could potentially test the 96-97 levels, finding support within a rising channel (red).
The breakdown occurs at the 161-day mark, it may have a significant impact as per the Fibonacci Time cycle theory.
#DollarIndex
#KeepItSimple
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The S&P 500 index has surged past 4,500, while the Nasdaq index has surpassed 15,600, with both hitting their respective 52-week highs.
The momentum of the Nifty IT index, which was one of the outperforming sectoral indices yesterday, could potentially receive a boost from the gains seen in the Nasdaq.
The presence of the Wyckoff theory of accumulation, evident in both the Nasdaq and Nifty IT index, serves as confirmation for the initiation of a new trend for the Indian IT giants.
Despite hitting a 52-week high, the Nifty closed below 19,500 during the weekly expiry. The index has a support level at 19,278, and with the current bullish momentum, there is a possibility of a prolonged move towards the all-time high.
A gap up opening in Bank Nifty, but the bulls failed to capitalize on the positive momentum, leading to a close near the day's low. The index's major support is now positioned at the range of 44,400-44,500.
Gift Nifty is indicating a positive opening near 19,550.
#GiftyNifty
#PreMarket
The momentum of the Nifty IT index, which was one of the outperforming sectoral indices yesterday, could potentially receive a boost from the gains seen in the Nasdaq.
The presence of the Wyckoff theory of accumulation, evident in both the Nasdaq and Nifty IT index, serves as confirmation for the initiation of a new trend for the Indian IT giants.
Despite hitting a 52-week high, the Nifty closed below 19,500 during the weekly expiry. The index has a support level at 19,278, and with the current bullish momentum, there is a possibility of a prolonged move towards the all-time high.
A gap up opening in Bank Nifty, but the bulls failed to capitalize on the positive momentum, leading to a close near the day's low. The index's major support is now positioned at the range of 44,400-44,500.
Gift Nifty is indicating a positive opening near 19,550.
#GiftyNifty
#PreMarket
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Is the Indian IT Sector a Sleeping Giant?
The Nasdaq Composite index reached a new 52-week high yesterday. The Nifty IT index also gained some bullish momentum following the release of Q1 results of headlines companies like TCS and HCL Technologies.
In this piece, we aim to examine the technical structure of the Nifty IT index and its underperformance over the Nasdaq.
Technically, the accumulation phase of the Wyckoff theory is evident in both the Nasdaq and Nifty IT index.
https://www.equitymaster.com/detail.asp?date=07/14/2023&story=1&title=Is-the-Indian-IT-Sector-a-Sleeping-Giant&utm_source=homepage&utm_medium=website&utm_campaign=top-articles&utm_content=link
The Nasdaq Composite index reached a new 52-week high yesterday. The Nifty IT index also gained some bullish momentum following the release of Q1 results of headlines companies like TCS and HCL Technologies.
In this piece, we aim to examine the technical structure of the Nifty IT index and its underperformance over the Nasdaq.
Technically, the accumulation phase of the Wyckoff theory is evident in both the Nasdaq and Nifty IT index.
https://www.equitymaster.com/detail.asp?date=07/14/2023&story=1&title=Is-the-Indian-IT-Sector-a-Sleeping-Giant&utm_source=homepage&utm_medium=website&utm_campaign=top-articles&utm_content=link
Equitymaster
Is the Indian IT Sector a Sleeping Giant?
Unlike the Nasdaq, which is at 52-week high, the Nifty IT index has not broken through the resistance zone. What does it mean for Indian IT companies?
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The Nifty index soared to an all-time high at the closing bell, while the S&P500 index concluded the day at a 52-week high, igniting a wave of excitement among equity bulls who anticipate further upward momentum.
As the Nasdaq achieved a 52-week high following the formation of the Wyckoff bottom, Indian IT giants were roused, with expectations that the Nifty IT sector will spearhead the Nifty towards the significant milestone of 20,000 points.
The Dollar index has descended to 52-week lows, falling below the critical level of 100. The USDINR pair's 9-month symmetrical triangle pattern suggests a potential breakdown below 81.75, presenting an opportunity for forex traders.
The momentum base for the Nifty July series rests at 19,345, with expectations of a steady climb towards the coveted milestone of 20,000.
The BankNifty has support zone of 44,400-44,500, if the bulls can successfully hold this level, there is an expectation of momentum pushing the index towards 45,500.
#PreMarket
#GiftNifty
As the Nasdaq achieved a 52-week high following the formation of the Wyckoff bottom, Indian IT giants were roused, with expectations that the Nifty IT sector will spearhead the Nifty towards the significant milestone of 20,000 points.
The Dollar index has descended to 52-week lows, falling below the critical level of 100. The USDINR pair's 9-month symmetrical triangle pattern suggests a potential breakdown below 81.75, presenting an opportunity for forex traders.
The momentum base for the Nifty July series rests at 19,345, with expectations of a steady climb towards the coveted milestone of 20,000.
The BankNifty has support zone of 44,400-44,500, if the bulls can successfully hold this level, there is an expectation of momentum pushing the index towards 45,500.
#PreMarket
#GiftNifty
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Gillette India Share Price - Is This the Best an Investor Can Get?
On the monthly chart, multiple chart patterns suggest potential opportunities for a positive price movement.
Why Gillette India Share Price is Rising
Here’s an extract…
Gillette India's monthly chart reflects several chart patterns, including the formation of a double bottom pattern, the potential expansion of Bollinger Bands, and the possibility of a reversal as per Dow Theory.
However, it is equally important to consider the associated risks, such as failure to breach key resistance levels and the broader market's potential retracement.
Continue reading to know more…
http://www.eqtm.in/d8E5N
On the monthly chart, multiple chart patterns suggest potential opportunities for a positive price movement.
Why Gillette India Share Price is Rising
Here’s an extract…
Gillette India's monthly chart reflects several chart patterns, including the formation of a double bottom pattern, the potential expansion of Bollinger Bands, and the possibility of a reversal as per Dow Theory.
However, it is equally important to consider the associated risks, such as failure to breach key resistance levels and the broader market's potential retracement.
Continue reading to know more…
http://www.eqtm.in/d8E5N
Equitymaster
Gillette India Share Price - Is This the Best an Investor Can Get?
On the monthly chart, multiple chart patterns suggest potential opportunities for a positive price movement
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The Bank and IT sectors emerged as the frontrunners in both the US and Indian markets yesterday, Dow Jones gains 0.24% while the Sensex recorded a substantial gain of 0.8%.
The base for the Nifty July series has been established at 19,345, and there is a possibility that the index could reach the 20,000 mark.
BankNifty has successfully rebounded from the suggested support zone and is now heading towards a new all-time high (ATH), with bullish investors setting their sights on levels above 46,000.
Metals stocks are displaying a strong comeback, as emphasized in my video from last week. Are you capitalizing on the momentum in the Metals sector? Video here
Gift Nifty indicates a positive opening of over 60points.
#GiftNifty
#PreMarket
The base for the Nifty July series has been established at 19,345, and there is a possibility that the index could reach the 20,000 mark.
BankNifty has successfully rebounded from the suggested support zone and is now heading towards a new all-time high (ATH), with bullish investors setting their sights on levels above 46,000.
Metals stocks are displaying a strong comeback, as emphasized in my video from last week. Are you capitalizing on the momentum in the Metals sector? Video here
Gift Nifty indicates a positive opening of over 60points.
#GiftNifty
#PreMarket
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Dow Jones surged for the seventh consecutive trading day, reaching a remarkable 52-week high, while the Dow Jones Bank Index soared over 2% due to better-than-expected earnings from banking stocks.
Nifty chart exhibits a cup and handle breakout pattern, indicating a potential target of 20,300, as the bulls continue to gain significant momentum.
In an impressive display, the IT index rallied for the fourth consecutive trading session, reclaiming the significant 31,000 mark, as the previously dormant giants have awakened to propel the Nifty to higher levels. For more insights, check out the Technical View on Nasdaq and Nifty IT Index. Click here
Gift Nifty is signaling a positive opening above the 19,800 mark.
#PreMarket
#GiftNifty
Nifty chart exhibits a cup and handle breakout pattern, indicating a potential target of 20,300, as the bulls continue to gain significant momentum.
In an impressive display, the IT index rallied for the fourth consecutive trading session, reclaiming the significant 31,000 mark, as the previously dormant giants have awakened to propel the Nifty to higher levels. For more insights, check out the Technical View on Nasdaq and Nifty IT Index. Click here
Gift Nifty is signaling a positive opening above the 19,800 mark.
#PreMarket
#GiftNifty
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