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
Energy Index - Cash in on this Opportunity
Indian benchmark index Nifty has corrected over 1000pts in May and the sectorial indices felt the pain too.
Energy index fell in sync with benchmark indices. In last 8 trading days, energy index correct ~13% from the high of 29,304.
Technically, energy index is at a demand zone and bulls should grab this opportunity.
The resistance turns support at 25,500 indicated by horizontal trendline (black) on chart signals the demand zone. The breakout has been retested offering the best risk-reward opportunity
The 100DEMA (Daily Exponential Moving Average) is placed above the demand zone at 25,674 which acted as support for bulls.
Relative Strength Index (RSI) is trending at demand zone and the slope of line is turning northwards indicates the bulls are in control of the trend.
Investors and traders should buy this dip in energy stocks.
Constituents of Energy Index
Reliance Ind
Tata Power
BPCL
PowerGrid
ONGC
NTPC
IOC
Gail
Adani Green
Adani Transmission
#KeepItSimple
Indian benchmark index Nifty has corrected over 1000pts in May and the sectorial indices felt the pain too.
Energy index fell in sync with benchmark indices. In last 8 trading days, energy index correct ~13% from the high of 29,304.
Technically, energy index is at a demand zone and bulls should grab this opportunity.
The resistance turns support at 25,500 indicated by horizontal trendline (black) on chart signals the demand zone. The breakout has been retested offering the best risk-reward opportunity
The 100DEMA (Daily Exponential Moving Average) is placed above the demand zone at 25,674 which acted as support for bulls.
Relative Strength Index (RSI) is trending at demand zone and the slope of line is turning northwards indicates the bulls are in control of the trend.
Investors and traders should buy this dip in energy stocks.
Constituents of Energy Index
Reliance Ind
Tata Power
BPCL
PowerGrid
ONGC
NTPC
IOC
Gail
Adani Green
Adani Transmission
#KeepItSimple
👍56❤10
Nifty Metals Index - Trend is not yet rusty
Nifty Metals index was one of the best performing sectorial index in 2021 gaining 70% followed by 16% gains of first quarter in 2022.
As markets correct, metals index too turned red with the heat and fell to the 2022 lowest level of 5,290.
Technically, metals index is trading at crucial support of horizontal trendline placed at 5,200. Index has reversed from ~5,200 multiple times and head northwards.
Considering the trend in commodity prices, most of the metals are trending bullish with higher high - higher low structure.
We highlighted the prices of Copper, Nickel and Aluminium, they are trending bullish with the support of rising trendline.
As metals prices are bullish and Nifty Metals index is at support zone, the dip is an excellent buying opportunity and the trend is not yet rusty.
The trend will change for Nifty Metals index on a weekly close below 5,150.
#KeepItSimple
Nifty Metals index was one of the best performing sectorial index in 2021 gaining 70% followed by 16% gains of first quarter in 2022.
As markets correct, metals index too turned red with the heat and fell to the 2022 lowest level of 5,290.
Technically, metals index is trading at crucial support of horizontal trendline placed at 5,200. Index has reversed from ~5,200 multiple times and head northwards.
Considering the trend in commodity prices, most of the metals are trending bullish with higher high - higher low structure.
We highlighted the prices of Copper, Nickel and Aluminium, they are trending bullish with the support of rising trendline.
As metals prices are bullish and Nifty Metals index is at support zone, the dip is an excellent buying opportunity and the trend is not yet rusty.
The trend will change for Nifty Metals index on a weekly close below 5,150.
#KeepItSimple
👍29
The D-street shines green as all the stocks in Nifty ends on positive note; ends the day at 16,259 gaining 2.63%.
Nifty forms Bullish Bat and the close above 16,000 confirms the bullish reversal. But….
Bulls need to cross 16,434 to head above the 17,000 level mark; failure can be an opportunity for bears.
Do you know – On 17th May, 2004, Nifty fell 18% on intraday but managed to close at -12.24%.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty forms Bullish Bat and the close above 16,000 confirms the bullish reversal. But….
Bulls need to cross 16,434 to head above the 17,000 level mark; failure can be an opportunity for bears.
Do you know – On 17th May, 2004, Nifty fell 18% on intraday but managed to close at -12.24%.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍28❤7
Index trades in the range after the stellar rally yesterday; Nifty ends at 16,240 losing 0.12%.
The Fear and Greed indicator on monthly chart indicates an extreme fear level witnessed in 2008-2009 and 2020. Is Fear an opportunity to buy the dips? Watch my video today evening as I discuss about the technical setup on Nifty.
The harmonic reversal patterns bullish Bat on Nifty and bullish Cypher on Bank Nifty indicates the bulls are in control of the reversal.
RSI are in an extremely oversold zone on Nifty50 and Nifty500 suggesting the worst is over.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The Fear and Greed indicator on monthly chart indicates an extreme fear level witnessed in 2008-2009 and 2020. Is Fear an opportunity to buy the dips? Watch my video today evening as I discuss about the technical setup on Nifty.
The harmonic reversal patterns bullish Bat on Nifty and bullish Cypher on Bank Nifty indicates the bulls are in control of the reversal.
RSI are in an extremely oversold zone on Nifty50 and Nifty500 suggesting the worst is over.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍27
Bank Nifty - The Bullish Harmonic Pattern
Bank Nifty had hit the low of 33,001 at start of the week and reversed sharply from the bullish harmonic reversal level to 34,600+.
The Bullish Cypher harmonic reversal pattern is visible on chart. Harmonic patterns are reversal in nature and indicates the probable reversal zone (PRZ) using multiple Fibonacci ratios.
Even in the gap down today, the level is holding strong in first hour of the day.
Index has taken support at 78.60% Fibonacci level of previous rise from 33,001 to 34,655 (so far the low of the day is 33,387).
Looking at the structure, we may anticipate the probable bullish or inverse head and shoulder which will be confirmed above the neckline level of 34,700.
Considering the bullish harmonic pattern and probable inverted head and shoulder pattern, the lows of 33,387 and 33,000 will be acting as strong support zone for bulls.
As part of risk, the patterns will negate on the close below 32,900.
(CMP-33,500)
#KeepItSimple
Bank Nifty had hit the low of 33,001 at start of the week and reversed sharply from the bullish harmonic reversal level to 34,600+.
The Bullish Cypher harmonic reversal pattern is visible on chart. Harmonic patterns are reversal in nature and indicates the probable reversal zone (PRZ) using multiple Fibonacci ratios.
Even in the gap down today, the level is holding strong in first hour of the day.
Index has taken support at 78.60% Fibonacci level of previous rise from 33,001 to 34,655 (so far the low of the day is 33,387).
Looking at the structure, we may anticipate the probable bullish or inverse head and shoulder which will be confirmed above the neckline level of 34,700.
Considering the bullish harmonic pattern and probable inverted head and shoulder pattern, the lows of 33,387 and 33,000 will be acting as strong support zone for bulls.
As part of risk, the patterns will negate on the close below 32,900.
(CMP-33,500)
#KeepItSimple
👍36
Fast Profits Daily - Fear is an Opportunity on D-street
Is a bottom in place on the Nifty? Find out...
http://www.eqtm.in/d2NGr
Is a bottom in place on the Nifty? Find out...
http://www.eqtm.in/d2NGr
👍8
The pump and dump on D-street on the back of global cues ends Nifty at 15,809 losing 431 points.
Fear & Greed indicator is at extreme Fear levels on Monthly chart, should you buy the Fear? Watch the video here https://www.youtube.com/watch?v=78qSeaQ_XG8&t=16s
The bullish harmonic pattern followed by probable inverted head & shoulder indicates the bullish scenario for Bank Nifty. Read here - http://www.eqtm.in/Bk26S
The PCR for Nifty and Bank Nifty are at 0.71 and 0.67 respectively indicates an extremely oversold markets; short covering rally can be on cards.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fear & Greed indicator is at extreme Fear levels on Monthly chart, should you buy the Fear? Watch the video here https://www.youtube.com/watch?v=78qSeaQ_XG8&t=16s
The bullish harmonic pattern followed by probable inverted head & shoulder indicates the bullish scenario for Bank Nifty. Read here - http://www.eqtm.in/Bk26S
The PCR for Nifty and Bank Nifty are at 0.71 and 0.67 respectively indicates an extremely oversold markets; short covering rally can be on cards.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍9