Nifty Energy Index : Don't miss the bus
The Russia-Ukraine war has triggered bullish momentum in commodity space. US Crudeoil completes the राम वनवास as it hits the 14years of $129.
Nifty Energy Index rallied by ~10% since the war news broke out and is on the verge of bullish breakout.
Index is trading around 24,800 just near the breakout of bullish or inverted head and shoulder pattern which is placed at 25,100-25,250 zone.
Moving Average Convergence Divergence (MACD) in the lower panel of chart is trending bullish indicating the breakout can be on cards.
The breakout from the pattern can take index to the new highs and sky is the limit for these energy stocks.
#KeepItSimple
The Russia-Ukraine war has triggered bullish momentum in commodity space. US Crudeoil completes the राम वनवास as it hits the 14years of $129.
Nifty Energy Index rallied by ~10% since the war news broke out and is on the verge of bullish breakout.
Index is trading around 24,800 just near the breakout of bullish or inverted head and shoulder pattern which is placed at 25,100-25,250 zone.
Moving Average Convergence Divergence (MACD) in the lower panel of chart is trending bullish indicating the breakout can be on cards.
The breakout from the pattern can take index to the new highs and sky is the limit for these energy stocks.
#KeepItSimple
👍22❤5
Indian markets rebound after the four weeks loss; Nifty ends at 16,630 gaining 2.37% for the week.
Index is trading at crucial resistance zone of 16,800-16,900 and failed to cross in last couple of trading session. Watch chart here https://t.me/FastProfitsReport/433
Energy index is on the verge of bullish head and shoulder breakout above 25,100-25,250. https://t.me/FastProfitsReport/435
From the broader benchmark indices, Smallcap index moves above the previous week high indicating the investors are preferring risker stocks over the blue-chip.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trading at crucial resistance zone of 16,800-16,900 and failed to cross in last couple of trading session. Watch chart here https://t.me/FastProfitsReport/433
Energy index is on the verge of bullish head and shoulder breakout above 25,100-25,250. https://t.me/FastProfitsReport/435
From the broader benchmark indices, Smallcap index moves above the previous week high indicating the investors are preferring risker stocks over the blue-chip.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Sugar Sector - Sweeten up the deal
Sugar sector is trending bullish amid the market correcting and most of the sugar stocks are trading at all-time high.
We created Equal Weighted Sugar Stocks Index (EWSSI) and compared its performance with the broader index Nifty 500.
EWSSI has been outperforming since the second quarter of 2021 and continuing its performance in 2022.
The above chart highlights the fresh breakout from the 4years rounding bottom structure and I believe, this is just a beginning of an outperformance for sugar stocks.
I will be releasing a video on Sugar sector tomorrow. If you are not following our YouTube channel yet, here is the link https://www.youtube.com/user/eqtmonline/videos
Say tuned!
#KeepItSimple
Sugar sector is trending bullish amid the market correcting and most of the sugar stocks are trading at all-time high.
We created Equal Weighted Sugar Stocks Index (EWSSI) and compared its performance with the broader index Nifty 500.
EWSSI has been outperforming since the second quarter of 2021 and continuing its performance in 2022.
The above chart highlights the fresh breakout from the 4years rounding bottom structure and I believe, this is just a beginning of an outperformance for sugar stocks.
I will be releasing a video on Sugar sector tomorrow. If you are not following our YouTube channel yet, here is the link https://www.youtube.com/user/eqtmonline/videos
Say tuned!
#KeepItSimple
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Fast Profits Daily
Nifty : 16800-16900 as hard as nails The bulls are having a sigh of relief as Index recovered by more than 6% from the low of 15,671 to 16,700+ levels on the back of short-covering rally. Index has hit the crucial resistance zone and bulls will face tough…
Nifty : Come-on Bulls, Let's break 16,850
The open=high of 16,757 hit on 10th Mar 2022 was a cautious sign for bulls as it did right around the resistance mark.
But, it finally surpassed the first hurdle as it is trading at 16,775 at 13:00hrs today, the second hurdle is yet to be broken by bulls.
The resistance of channel is placed at 16,830 which will be the major trend change level for weeks to come.
Index has convincingly crossed above the 200DEMA (16,692) and the 61.80% Fibonacci retracement is placed at ~16,800.
The previous open=low was 16,843 and multiple lows being in the range of 16,830-16,850 zone, the range may act as minor hurdle.
Come-on bulls, lets break the resistance zone and head higher to 17,400-17,900 zone.
#KeepItSimple
The open=high of 16,757 hit on 10th Mar 2022 was a cautious sign for bulls as it did right around the resistance mark.
But, it finally surpassed the first hurdle as it is trading at 16,775 at 13:00hrs today, the second hurdle is yet to be broken by bulls.
The resistance of channel is placed at 16,830 which will be the major trend change level for weeks to come.
Index has convincingly crossed above the 200DEMA (16,692) and the 61.80% Fibonacci retracement is placed at ~16,800.
The previous open=low was 16,843 and multiple lows being in the range of 16,830-16,850 zone, the range may act as minor hurdle.
Come-on bulls, lets break the resistance zone and head higher to 17,400-17,900 zone.
#KeepItSimple
👍19❤8
Indian markets gain for straight fifth day on the back of short covering rally; Nifty gains 1.45% to end the day at 16,871.
Nifty surpass the crucial resistance zone of falling channel and 61.80% Fibonacci retracement; heading for 17,000+ levels. Watch chart here
IT Index – The White Knight managed to bottom out the Nifty at 15,671 but IT index has huge room to head higher. Watch video here to know the levels for IT sector
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty surpass the crucial resistance zone of falling channel and 61.80% Fibonacci retracement; heading for 17,000+ levels. Watch chart here
IT Index – The White Knight managed to bottom out the Nifty at 15,671 but IT index has huge room to head higher. Watch video here to know the levels for IT sector
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍16❤7
Fast Profits Daily - Sugar Stocks: Outperformers of 2022
Why are sugar stocks on fire? Here's the answer…
http://www.eqtm.in/t9Z7J
Why are sugar stocks on fire? Here's the answer…
http://www.eqtm.in/t9Z7J
👍3
Is it the bounce or the reversal in Indian markets?
Nifty slips back to the lower levels after facing the resistance at 200DMA which is placed at 16,981.
The falling channel breakout and move above the 61.80% Fibonacci retracement indicates the bulls are in control of the momentum and this dip is yet to confirm that the rally from ~15,700 to 16,900 is just a bounce.
The decisive levels for the confirmation of bearish momentum will be below 16,386 while the move above 16,774 will confirm the momentum towards 17,170.
Some stocks from Banks and Financial Services space are witnessing short covering rally but longs are yet to build-up which is witnessed in IT.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty slips back to the lower levels after facing the resistance at 200DMA which is placed at 16,981.
The falling channel breakout and move above the 61.80% Fibonacci retracement indicates the bulls are in control of the momentum and this dip is yet to confirm that the rally from ~15,700 to 16,900 is just a bounce.
The decisive levels for the confirmation of bearish momentum will be below 16,386 while the move above 16,774 will confirm the momentum towards 17,170.
Some stocks from Banks and Financial Services space are witnessing short covering rally but longs are yet to build-up which is witnessed in IT.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍16
Pharma Index - Bulls are losing the ground
As Indian equity market recovers from the lows, pharma index too witnessed the sharp recovery from ~12,300 to ~13,500 levels.
Index is resisting at 200DEMA (13,480) and slips lower to form the bearish candlestick pattern.
On 2hrs chart, the bearish harmonic pattern is visible right at the 200DEMA.
The bulls are losing the ground as witness multiple bearish candlestick pattern which indicates the bear's are gruffing.
Additionally, the bearish crossover on MACD signals an end to bullish momentum.
If bulls fail to close cross 13,689, its everything for bears on the plate.
(CMP-13331)
#KeepItSimple
As Indian equity market recovers from the lows, pharma index too witnessed the sharp recovery from ~12,300 to ~13,500 levels.
Index is resisting at 200DEMA (13,480) and slips lower to form the bearish candlestick pattern.
On 2hrs chart, the bearish harmonic pattern is visible right at the 200DEMA.
The bulls are losing the ground as witness multiple bearish candlestick pattern which indicates the bear's are gruffing.
Additionally, the bearish crossover on MACD signals an end to bullish momentum.
If bulls fail to close cross 13,689, its everything for bears on the plate.
(CMP-13331)
#KeepItSimple
👍19❤4
Fast Profits Daily
https://www.equitymaster.com/detail-amp.asp?date=03/15/2022&story=4&title=Why-Paper-Stocks-are-Rising
Paper stocks are flying high:
JK Paper +9%
West Coast +7%
Ruchira +7%
More to come........
JK Paper +9%
West Coast +7%
Ruchira +7%
More to come........
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Fast Profits Daily - Paper Stocks Are on Fire
Paper Stocks are looking bullish on the charts. Should you trade them? Watch this video first...
http://www.eqtm.in/f9YRy
Paper Stocks are looking bullish on the charts. Should you trade them? Watch this video first...
http://www.eqtm.in/f9YRy
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Fast Profits Daily
Fast Profits Daily -Time to Buy Real Estate Stocks This is why I'm bullish of realty stocks. http://www.eqtm.in/Gb48E
Nifty Realty Index - Through the Roof
I released a video on 9th March 2022 saying it's "Time to Buy Real Estate Stocks". Watch video here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
I highlighted the reversal pattern at 390-410 zone, it hit the low of 389 and up by ~15% from the lows.
The fresh breakout from the falling channel at 440 with bullish range shift in RSI indicates the higher levels are under construction.
The previous low of 442 (red line) which is hurdle is swiftly taken out by bulls.
The highest profit margin are when you buy the house during the launch and this is the time to add up your stakes in real estate stock.
#KeepItSimple
I released a video on 9th March 2022 saying it's "Time to Buy Real Estate Stocks". Watch video here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
I highlighted the reversal pattern at 390-410 zone, it hit the low of 389 and up by ~15% from the lows.
The fresh breakout from the falling channel at 440 with bullish range shift in RSI indicates the higher levels are under construction.
The previous low of 442 (red line) which is hurdle is swiftly taken out by bulls.
The highest profit margin are when you buy the house during the launch and this is the time to add up your stakes in real estate stock.
#KeepItSimple
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Fast Profits Daily
Bank Nifty - It's a Screaming Buy It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades. From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a…
Woohoo! Bank Nifty up by 4000+pts
The sentiments in markets change so quickly - the bears were on high when Russia - Ukraine war began and its still not yet over but things change on D-street.
As a technical analyst, cocking the gun is very important and that's exactly what helped in this Bank Nifty setup.
As highlighted, it's a Screaming buy on dips to 32,000, it made a low of 32,251 and up by 4000+ points.
The markets may continue to remain volatile and opening with gaps. I would suggest to take some chips off the table at 36,500+ and hold few with an upgraded stop-loss level of 34,789 (Futures).
#KeepItSimple
The sentiments in markets change so quickly - the bears were on high when Russia - Ukraine war began and its still not yet over but things change on D-street.
As a technical analyst, cocking the gun is very important and that's exactly what helped in this Bank Nifty setup.
As highlighted, it's a Screaming buy on dips to 32,000, it made a low of 32,251 and up by 4000+ points.
The markets may continue to remain volatile and opening with gaps. I would suggest to take some chips off the table at 36,500+ and hold few with an upgraded stop-loss level of 34,789 (Futures).
#KeepItSimple
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The bulls surpass 17,000 level in Nifty with run-away gap; ends the week at 17,287 gaining 3.95%.
We highlighted the bulls will be everywhere on the break of 16,850; the mentioned targets were 17,400-17,900. Watch chart here.
Energy sector will be on focus next week as it breaks out of bullish pattern. We posted the chart in my telegram channel here.
Brijesh Bhatia
Research Analyst, Fast Profit Report
We highlighted the bulls will be everywhere on the break of 16,850; the mentioned targets were 17,400-17,900. Watch chart here.
Energy sector will be on focus next week as it breaks out of bullish pattern. We posted the chart in my telegram channel here.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍21
Fast Profits Daily
Fast Profits Daily - Sugar Stocks: Outperformers of 2022 Why are sugar stocks on fire? Here's the answer… http://www.eqtm.in/t9Z7J
Sugar Stocks - Getting Sweeter
As highlighted in the video last week, Sugar stocks will outperform and most of the sugar stocks are trading above the long term moving average of 200days, the fresh breakout is visible in today's momentum.
The breakout from triple inside bar pattern is visible on the Equal Weighted Sugar Index (EWSI) in the first 30mins of the session and setting the bullish tone for the week.
The breakout from triple inside bar means the price resuming it momentum after the consolidation or a breather.
As sugar stocks are getting sweeter, don't miss the candies (stocks) which are outperforming in the basket.
#KeepItSimple
As highlighted in the video last week, Sugar stocks will outperform and most of the sugar stocks are trading above the long term moving average of 200days, the fresh breakout is visible in today's momentum.
The breakout from triple inside bar pattern is visible on the Equal Weighted Sugar Index (EWSI) in the first 30mins of the session and setting the bullish tone for the week.
The breakout from triple inside bar means the price resuming it momentum after the consolidation or a breather.
As sugar stocks are getting sweeter, don't miss the candies (stocks) which are outperforming in the basket.
#KeepItSimple
👍17
The market takes a breather move after the long weekend; ends the day with the loss of 1% on Nifty to settle at 17,117.
The rally from 15,671 to 17,344 may take a pause on Nifty as it forms the bearish engulfing at 78.60% Fibonacci retracement of 17,794 to 15,671 at 17,350.
Traders can expect some more dips to 16,976-16,850 to fill the gap, test 200DMA and retest the neckline at inverted head and shoulder. Also, the 45-degree trendline support is placed at 16,846 which may act support for bulls.
Relative Strength Index (RSI) indicates the bulls are in control of the momentum as the moves above the previous swing levels of 50-53.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The rally from 15,671 to 17,344 may take a pause on Nifty as it forms the bearish engulfing at 78.60% Fibonacci retracement of 17,794 to 15,671 at 17,350.
Traders can expect some more dips to 16,976-16,850 to fill the gap, test 200DMA and retest the neckline at inverted head and shoulder. Also, the 45-degree trendline support is placed at 16,846 which may act support for bulls.
Relative Strength Index (RSI) indicates the bulls are in control of the momentum as the moves above the previous swing levels of 50-53.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍14
Nifty - Confluence of support @ 16,845-17,000 zone
Nifty rallied over 10% from the low of 15,671 to 17,350. The bearish candlestick pattern is visible right at 61.80% Fibonacci retracement of 18,350-15,671 at 17,350.
Is it an end to the bullish move?
The answer is NO!
On weekly chart, the momentum is still bullish but looking at the hourly chart, the bulls may get confidence to buy the dips.
On hourly chart above, the bullish pattern is visible on chart within the gap area.
1. Bullish Reciprocal AB=CD (black)
2. Bullish Head & Shoulder (magenta)
3. The gap area of 16,987-17,203 (red lines)
4. The gap area of 17,027-16,606 (green lines)
5. 34HEMA - Hourly Exponential Moving Average (orange)
6. Bullish reversal on RSI (blue lines)
The hourly structure indicates the buying opportunity within the 16,850-17,027 zone. The setup negates on the close below 16,781.
#KeepItSimple
Nifty rallied over 10% from the low of 15,671 to 17,350. The bearish candlestick pattern is visible right at 61.80% Fibonacci retracement of 18,350-15,671 at 17,350.
Is it an end to the bullish move?
The answer is NO!
On weekly chart, the momentum is still bullish but looking at the hourly chart, the bulls may get confidence to buy the dips.
On hourly chart above, the bullish pattern is visible on chart within the gap area.
1. Bullish Reciprocal AB=CD (black)
2. Bullish Head & Shoulder (magenta)
3. The gap area of 16,987-17,203 (red lines)
4. The gap area of 17,027-16,606 (green lines)
5. 34HEMA - Hourly Exponential Moving Average (orange)
6. Bullish reversal on RSI (blue lines)
The hourly structure indicates the buying opportunity within the 16,850-17,027 zone. The setup negates on the close below 16,781.
#KeepItSimple
👍25❤14
Fast Profits Daily
Nifty - Confluence of support @ 16,845-17,000 zone Nifty rallied over 10% from the low of 15,671 to 17,350. The bearish candlestick pattern is visible right at 61.80% Fibonacci retracement of 18,350-15,671 at 17,350. Is it an end to the bullish move? The…
Come-on Bulls.....Nifty up by 200+ points 📈📈
👍22
Fast Profits Daily
Nifty - Confluence of support @ 16,845-17,000 zone Nifty rallied over 10% from the low of 15,671 to 17,350. The bearish candlestick pattern is visible right at 61.80% Fibonacci retracement of 18,350-15,671 at 17,350. Is it an end to the bullish move? The…
Wohoo! Nifty 400+ points up 📈📈
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Pharma Index - to be on the mend
Pharma index is underperforming Nifty since September 2020 after the new normal.
Even after hitting the new high in October 2021, pharma index underperformed and witnessed the death cross in early 2022.
Death cross in technical analysis happens when short-term moving average (50days) crosses below long-term moving average (200days) and termed as negative trend.
The recent momentum in pharma index witness the recovery of ~12% from the lows and approaching the resistance zone.
Can Sunpharma & Cipla take Pharma index higher?
Sunpharma and Cipla weighs around 32% and are trading at 52weeks high which is likely to break index higher.
The trendline resistance (black) is placed at 13,800 and 200DMA at 13,900 which can be hurdle for bulls. Additionally, 14,00 will also act as psychological level.
The close above 14.000 levels can witness the fast and furious bullish momentum and can be the best trading sector for next few weeks.
(CMP-13,700)
#KeepItSimple
Pharma index is underperforming Nifty since September 2020 after the new normal.
Even after hitting the new high in October 2021, pharma index underperformed and witnessed the death cross in early 2022.
Death cross in technical analysis happens when short-term moving average (50days) crosses below long-term moving average (200days) and termed as negative trend.
The recent momentum in pharma index witness the recovery of ~12% from the lows and approaching the resistance zone.
Can Sunpharma & Cipla take Pharma index higher?
Sunpharma and Cipla weighs around 32% and are trading at 52weeks high which is likely to break index higher.
The trendline resistance (black) is placed at 13,800 and 200DMA at 13,900 which can be hurdle for bulls. Additionally, 14,00 will also act as psychological level.
The close above 14.000 levels can witness the fast and furious bullish momentum and can be the best trading sector for next few weeks.
(CMP-13,700)
#KeepItSimple
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