Indian markets opens with the gap-down and trades in the range; Nifty settles at 17,038 losing 0.94%.
The morning-star bullish reversal candlestick pattern on Nifty at 16,888 indicates the bulls are having an upper hand with higher-low structure.
The bullish harmonic pattern on short-term chart of Nifty at 16,970 targets 17,184 for the recent momentum.
An addition in 17000PE signals the support for bulls while the writing from 17100CE to 17500CE indicates the rangebound expiry.
The Best Sector to buy in May 2022, follow our YouTube channel as I release the video today. https://www.youtube.com/user/eqtmonline/videos
Brijesh Bhatia
Research Analyst, Fast Profit Report
The morning-star bullish reversal candlestick pattern on Nifty at 16,888 indicates the bulls are having an upper hand with higher-low structure.
The bullish harmonic pattern on short-term chart of Nifty at 16,970 targets 17,184 for the recent momentum.
An addition in 17000PE signals the support for bulls while the writing from 17100CE to 17500CE indicates the rangebound expiry.
The Best Sector to buy in May 2022, follow our YouTube channel as I release the video today. https://www.youtube.com/user/eqtmonline/videos
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍16
Bank Nifty - Bulls are ready for 38,000+
Bank Nifty has been underperforming Nifty for over the year now. The trend is likely to reverse in the short-term.
The multiple bullish harmonic pattern - Bullish White Swan (black) and Bullish Bat (pink). The harmonic patterns are reversal patterns calculated using various Fibonacci retracements and projections.
The bullish White Swan and Bat completed at ~35,500 levels and the sustainable move around 36,000 is confirming the structure.
Additionally, the patterns have completed at long-term 200DEMA and the positive crossover on momentum indicator, Stochastic is confirming the reversal.
Bank Nifty bulls are getting ready to take index towards 38,000-38,800 levels in the May series. The harmonic pattern will negate on the close below 35,950.
I also recorded the video as Banking Stocks are the Best trades of the Month highlighting the Private Bank Index as well as PSU Bank Index. Watch here https://www.youtube.com/watch?v=DYd4H_ua0fw
(CMP-36,035)
#KeepItSimple
Bank Nifty has been underperforming Nifty for over the year now. The trend is likely to reverse in the short-term.
The multiple bullish harmonic pattern - Bullish White Swan (black) and Bullish Bat (pink). The harmonic patterns are reversal patterns calculated using various Fibonacci retracements and projections.
The bullish White Swan and Bat completed at ~35,500 levels and the sustainable move around 36,000 is confirming the structure.
Additionally, the patterns have completed at long-term 200DEMA and the positive crossover on momentum indicator, Stochastic is confirming the reversal.
Bank Nifty bulls are getting ready to take index towards 38,000-38,800 levels in the May series. The harmonic pattern will negate on the close below 35,950.
I also recorded the video as Banking Stocks are the Best trades of the Month highlighting the Private Bank Index as well as PSU Bank Index. Watch here https://www.youtube.com/watch?v=DYd4H_ua0fw
(CMP-36,035)
#KeepItSimple
👍32
Nifty and Bank Nifty view shared in Live Telegram session last Friday -
Played exactly the way charts were highlighting - The Short Strangle Strategy
Do you wish to attend more Live session?
Played exactly the way charts were highlighting - The Short Strangle Strategy
Do you wish to attend more Live session?
Anonymous Poll
89%
Yes
4%
No
7%
May be
👍30❤8
The tug-of war between bulls and bears as Nifty hovers in the range of 17,300-16,900 in the expiry week; settles the day at 17,245 gaining 1.21%.
Index holds 200DEMA and forms bullish harmonic pattern followed by triangle breakout signaling the bullish continuation pattern.
The recent low of 16,824 can be the base for the May series on Nifty.
The multiple bullish Harmonic pattern on Bank Nifty indicates the bulls are getting ready for 38,000 levels. Watch chart here https://t.me/FastProfitsReport/534
Banking can be the Sector of the Month for May. Watch video here https://www.youtube.com/watch?v=DYd4H_ua0fw
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index holds 200DEMA and forms bullish harmonic pattern followed by triangle breakout signaling the bullish continuation pattern.
The recent low of 16,824 can be the base for the May series on Nifty.
The multiple bullish Harmonic pattern on Bank Nifty indicates the bulls are getting ready for 38,000 levels. Watch chart here https://t.me/FastProfitsReport/534
Banking can be the Sector of the Month for May. Watch video here https://www.youtube.com/watch?v=DYd4H_ua0fw
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍21❤7
Nifty Infra Index - Breakout above 5,300
Infra index have been outperforming against the Nifty since the last swing low on 8th March 2022. Infra index is up by 15% whereas Nifty is up by 10% at 10am IST today.
Infra index after breaking the 13years consolidation is heading higher and outperformance over Nifty means the money is flowing into infra stocks.
I highlighted the breakout and bullish short-term breakout in my previous post here. https://t.me/FastProfitsReport/146
Index is on the verge of fresh breakout at 5,300 from multiple patterns.
1. The breakout from double-top buy as per Point & Figure chart (blue lines on chart).
2. The consolidation with the bullish column indicates the bulls are still in control of trend. The breakout of high will trigger the bullish momentum and head above the previous high of 5,362. (black lines on chart).
As soon as index breaks above 5,300, it opens the door for 5,700-6,000 levels.
#KeepItSimple
Infra index have been outperforming against the Nifty since the last swing low on 8th March 2022. Infra index is up by 15% whereas Nifty is up by 10% at 10am IST today.
Infra index after breaking the 13years consolidation is heading higher and outperformance over Nifty means the money is flowing into infra stocks.
I highlighted the breakout and bullish short-term breakout in my previous post here. https://t.me/FastProfitsReport/146
Index is on the verge of fresh breakout at 5,300 from multiple patterns.
1. The breakout from double-top buy as per Point & Figure chart (blue lines on chart).
2. The consolidation with the bullish column indicates the bulls are still in control of trend. The breakout of high will trigger the bullish momentum and head above the previous high of 5,362. (black lines on chart).
As soon as index breaks above 5,300, it opens the door for 5,700-6,000 levels.
#KeepItSimple
👍31❤6
Nifty - The Candlestick and 200DEMA
The last week witness the tough-of-war between bulls and bears as they managed to hold their levels and attack at their crucial junctures.
Index traded in the range of 16,900-17,400 and swings with gaps. It was only the Friday when bears attack was severe as it corrected ~2% from high in the second half.
We saw multiple candlestick patterns like morning star & evening star, but the last formed was bearish engulfing which is reversal.
Additionally, the lower high formed on index with bearish engulfing will be the toughest hurdle for bulls in May.
For bears, the 16,800 will be equally tough as the previous swing low of 16,824 was followed by bullish harami candlestick pattern and the support of long-term moving average, 200DEMA which is placed at 16,865.
The break of 16,750-17,500 will the trend decider this week.
SGX Nifty is down to ~16,900 on the back of fall in US markets, I will wait for the break of 16,750 to look for shorting opportunities.
#KeepItSimple
The last week witness the tough-of-war between bulls and bears as they managed to hold their levels and attack at their crucial junctures.
Index traded in the range of 16,900-17,400 and swings with gaps. It was only the Friday when bears attack was severe as it corrected ~2% from high in the second half.
We saw multiple candlestick patterns like morning star & evening star, but the last formed was bearish engulfing which is reversal.
Additionally, the lower high formed on index with bearish engulfing will be the toughest hurdle for bulls in May.
For bears, the 16,800 will be equally tough as the previous swing low of 16,824 was followed by bullish harami candlestick pattern and the support of long-term moving average, 200DEMA which is placed at 16,865.
The break of 16,750-17,500 will the trend decider this week.
SGX Nifty is down to ~16,900 on the back of fall in US markets, I will wait for the break of 16,750 to look for shorting opportunities.
#KeepItSimple
👍40
The gap opening for straight eleventh trading days in a row on D-street; reverses after opening gap-down forming bullish candlestick pattern as Nifty ends at 17,069 losing 0.2% for the day.
The bullish belt-hold candlestick pattern is visible on Nifty and Bank Nifty futures chart indicating the reversal on cards.
Bullish candlestick reversal patterns are formed at support zone and marking the higher-lows which is bullish as per Dow Theory.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bullish belt-hold candlestick pattern is visible on Nifty and Bank Nifty futures chart indicating the reversal on cards.
Bullish candlestick reversal patterns are formed at support zone and marking the higher-lows which is bullish as per Dow Theory.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍24
Bargain Hunting in #Gold & #Silver | Investing levels in Bullions
https://www.youtube.com/watch?v=7YgQVkptBs8
https://www.youtube.com/watch?v=7YgQVkptBs8
YouTube
Bargain Hunting in bullion | Investing in Gold and Silver | Commodity Investing
3 Stocks to Ride the Massive 15x EV Opportunity… Get Full Details: http://www.eqtm.in/Zg2x4
Gold and silver prices are looking reasonable, or are they? Find out…
The recent volatility in the market has brought the focus on gold and silver again.
Yesterday…
Gold and silver prices are looking reasonable, or are they? Find out…
The recent volatility in the market has brought the focus on gold and silver again.
Yesterday…
👍8
Forwarded from Equitymaster
How are you dealing with this stock market sell off?
Final Results
52%
Waiting for lower levels before investing more
30%
Already starting to invest more
18%
Thinking of booking profits and exiting the markets partially or fully
👍19
Forwarded from Equitymaster
The BSE Sensex is currently at 54,835. What's your best guesstimate of the Sensex level at close on 31st December 2022?
Final Results
14%
45,000
11%
50,000
11%
55,000
28%
60,000
26%
65,000
11%
Can't say
❤19👍12
FMCG Index - Bullish Range Shift
Nifty has beaten FMCG index by a high margin in last 24 months from the pandemic lows.
Since the lows of March 2020, Nifty is up by 115% whereas FMCG index is up by 64%.
An underperformance of FMCG may come to an end.
The chart above is the ratio chart of FMCG to Nifty. The ratio chart are use to identify the performance of one instrument over another. When the ratio goes higher, FMCG outperforms over Nifty and vice versa.
The recent fall halted just above the 2008 levels indicating the strong support zone.
On monthly chart, the bullish range shift on RSI (Relative Strength Index) signals an end to an underperformance of FMCG index over Nifty.
As the monthly bar of April engulfs the previous five months range, it marks a crucial low on ratio chart.
FMCG remains stronger till the ratio of 2 is not taken out on FMCG/Nifty ratio chart.
FMCG can be the sector of the 2022 and 2023. Investors should focus on the best outperforming stocks in the FMCG basket.
#KeepItSimple
Nifty has beaten FMCG index by a high margin in last 24 months from the pandemic lows.
Since the lows of March 2020, Nifty is up by 115% whereas FMCG index is up by 64%.
An underperformance of FMCG may come to an end.
The chart above is the ratio chart of FMCG to Nifty. The ratio chart are use to identify the performance of one instrument over another. When the ratio goes higher, FMCG outperforms over Nifty and vice versa.
The recent fall halted just above the 2008 levels indicating the strong support zone.
On monthly chart, the bullish range shift on RSI (Relative Strength Index) signals an end to an underperformance of FMCG index over Nifty.
As the monthly bar of April engulfs the previous five months range, it marks a crucial low on ratio chart.
FMCG remains stronger till the ratio of 2 is not taken out on FMCG/Nifty ratio chart.
FMCG can be the sector of the 2022 and 2023. Investors should focus on the best outperforming stocks in the FMCG basket.
#KeepItSimple
👍30
Crypto Crash - Lost $830B Market Cap in 6weeks
Crypto markets are talk of the town as they crash over 25% in 4 trading sessions.
In last 6 weeks, it has crash ~40% and is one of the wealth destructive asset class. It lost worth of $830B in total market cap.
This is not the first time in 2022
Cryptos are known to be the most volatile asset class of the decade and 25% is just the flip of the card.
In the start of 2022, crypto fell over 40% and lost the total market cap of $1T.
When I write about cryptos, the quote from Satoshi Nakomoto comes to my mind, "Start the day with Coffee. End the day with Cryptocurrency."
Trade cryptos with proper risk management else considering such volatility, you may need coffee at night too. 😊
Technically, the total market cap of crypto has moved below the 100WEMA (Weekly Exponential Moving Average) for the first time after April 2020. It is now trading at 40 weeks low and formed the lower high - lower low structure which is trend change as per Dow Theory.
#KeepItSimple
Crypto markets are talk of the town as they crash over 25% in 4 trading sessions.
In last 6 weeks, it has crash ~40% and is one of the wealth destructive asset class. It lost worth of $830B in total market cap.
This is not the first time in 2022
Cryptos are known to be the most volatile asset class of the decade and 25% is just the flip of the card.
In the start of 2022, crypto fell over 40% and lost the total market cap of $1T.
When I write about cryptos, the quote from Satoshi Nakomoto comes to my mind, "Start the day with Coffee. End the day with Cryptocurrency."
Trade cryptos with proper risk management else considering such volatility, you may need coffee at night too. 😊
Technically, the total market cap of crypto has moved below the 100WEMA (Weekly Exponential Moving Average) for the first time after April 2020. It is now trading at 40 weeks low and formed the lower high - lower low structure which is trend change as per Dow Theory.
#KeepItSimple
👍23
Fast Profits Daily
Can Titan Crash 25%? #WyckoffTheory https://youtu.be/A_TMSj46XLA
Titan - Breaks the Sign of Weakness (SOW)
As I have shared the view of crash in Titan by 25%, the stock is trending lower and broke below the previous swing lows.
The breakdown below the Sign of Weakness (SOW) zone means the stock will continue its southwards journey as per Wyckoff Theory.
Incase you missed the video, watch here https://www.youtube.com/watch?v=A_TMSj46XLA&t=18s
As I have shared the view of crash in Titan by 25%, the stock is trending lower and broke below the previous swing lows.
The breakdown below the Sign of Weakness (SOW) zone means the stock will continue its southwards journey as per Wyckoff Theory.
Incase you missed the video, watch here https://www.youtube.com/watch?v=A_TMSj46XLA&t=18s
👍19❤7
Nifty - Bet Against the Crowd
Indian benchmarks index corrected by 7+% in the last 9 trading sessions in sync with global markets.
In May, most of the days have been in red for Nifty as it corrects over 1000pts.
The Bullish Bat Harmonic Pattern
At the today's low of 15,992, index completes the Bullish Bat harmonic reversal pattern.
Harmonic patterns are calculated using multiple Fibonacci retracements and projections. The confluence of multiple Fibonacci ratios signals the reversal zone.
In Nifty, the probable reversal zone (PRZ) was 15,967-16,016. It hit the low of 15,992 and reversed from the PRZ.
The RSI has approached demand zone on daily chart strengthening the reversal pattern.
An initial targets can be 16,734 followed by 17,300+. The pattern will negate on the break of 15,671.
(CMP-16,150)
#KeepItSimple
Indian benchmarks index corrected by 7+% in the last 9 trading sessions in sync with global markets.
In May, most of the days have been in red for Nifty as it corrects over 1000pts.
The Bullish Bat Harmonic Pattern
At the today's low of 15,992, index completes the Bullish Bat harmonic reversal pattern.
Harmonic patterns are calculated using multiple Fibonacci retracements and projections. The confluence of multiple Fibonacci ratios signals the reversal zone.
In Nifty, the probable reversal zone (PRZ) was 15,967-16,016. It hit the low of 15,992 and reversed from the PRZ.
The RSI has approached demand zone on daily chart strengthening the reversal pattern.
An initial targets can be 16,734 followed by 17,300+. The pattern will negate on the break of 15,671.
(CMP-16,150)
#KeepItSimple
👍55❤14
The May has been the bears month so far as 6 out of 7 trading days ends on negative note for Nifty; settles the day at 16,167 losing 0.45%.
The Bullish Bat harmonic pattern is visible on daily chart of Nifty at the low of 15,992. Index entered the PRZ and reversed above 16,200 confirming the reversal pattern. You can read more here http://www.eqtm.in/Fj45C
The Bullish Anti-Crab harmonic pattern completed and is outperforming against the Nifty in last couple of trading session.
Considering the Relative Strength Index (RSI) 9 period, 18 out of 50 stocks of Nifty50 are trading in oversold zone indicating the reversal on cards.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The Bullish Bat harmonic pattern is visible on daily chart of Nifty at the low of 15,992. Index entered the PRZ and reversed above 16,200 confirming the reversal pattern. You can read more here http://www.eqtm.in/Fj45C
The Bullish Anti-Crab harmonic pattern completed and is outperforming against the Nifty in last couple of trading session.
Considering the Relative Strength Index (RSI) 9 period, 18 out of 50 stocks of Nifty50 are trading in oversold zone indicating the reversal on cards.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍13❤6
Fast Profits Daily
Are you Crypto trader? Don't know what to do after Crash 🥴 Stay tune for technical view. Video will be out soon.....
YouTube
Crypto Crash Destroys US$ 830 bn | Crypto Currency | Bitcoin Trading
3 Stocks to Ride the Massive 15x EV Opportunity… Get Full Details: http://www.eqtm.in/Zg2x4
This is why crypto currencies are falling.
You may have noticed that cryptos have crashed over the last one week.
Bitcoin is down 40% and still falling.
How much…
This is why crypto currencies are falling.
You may have noticed that cryptos have crashed over the last one week.
Bitcoin is down 40% and still falling.
How much…
👍1