Sector to Watch for Next Week
2022 has been one of the volatile years for Indian markets as well as one of the best outperforming indexes globally.
Amid all the volatility, we are just a few per cent away from hitting the new all-time high while most of the global indices are trading at 52-week lows.
Crude Oil is one commodity which has kept most countries on their toes due to major swings from $65 to $129 and back to $80.
One index which dance to the tune of crude oil prices is the Energy index.
Energy Index – Technical Pattern
On the weekly bar chart, the index is trending in a symmetrical triangle pattern with a bullish trend.
While on P&F daily chart 0.15% X 3, index broke out of the consolidation zone confirms resumption of bullish trend.
Energy stocks should on the trader’s watchlist for next week.
Constituents
Reliance Ind - 31.30%
NTPC Ltd - 13.29%
Power Grid - 11.23%
ONGC - 10.97%
BPCL - 9.89%
IOC - 8%
GAIL - 5.61%
HPCL - 4.95%
Tata Power - 2.45%
Adani Transmission - 2.29%
(CMP-26,493)
2022 has been one of the volatile years for Indian markets as well as one of the best outperforming indexes globally.
Amid all the volatility, we are just a few per cent away from hitting the new all-time high while most of the global indices are trading at 52-week lows.
Crude Oil is one commodity which has kept most countries on their toes due to major swings from $65 to $129 and back to $80.
One index which dance to the tune of crude oil prices is the Energy index.
Energy Index – Technical Pattern
On the weekly bar chart, the index is trending in a symmetrical triangle pattern with a bullish trend.
While on P&F daily chart 0.15% X 3, index broke out of the consolidation zone confirms resumption of bullish trend.
Energy stocks should on the trader’s watchlist for next week.
Constituents
Reliance Ind - 31.30%
NTPC Ltd - 13.29%
Power Grid - 11.23%
ONGC - 10.97%
BPCL - 9.89%
IOC - 8%
GAIL - 5.61%
HPCL - 4.95%
Tata Power - 2.45%
Adani Transmission - 2.29%
(CMP-26,493)
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Dear Equitymaster Premium Subscriber,
We have released the Weekly Technical Private Briefing on "Festive Demand Resumes Bullish Trend in Auto Stocks"
In this edition, I have analyzed the charts of Auto Index technical patterns as well as "The Trader's Compass for Upcoming Week - Nifty50 & BankNifty"
Just open your mailbox to read in detail.
Regards,
Brijesh Bhatia.
We have released the Weekly Technical Private Briefing on "Festive Demand Resumes Bullish Trend in Auto Stocks"
In this edition, I have analyzed the charts of Auto Index technical patterns as well as "The Trader's Compass for Upcoming Week - Nifty50 & BankNifty"
Just open your mailbox to read in detail.
Regards,
Brijesh Bhatia.
👍30
Sugar Stocks are like Diwali Soanpapdi
When you analyze the sector, the stocks tend to be trading in the trend with their peers. Historically, that’s not the case with sugar stocks.
In the last 6months, some of the sugar stocks lost sweetness and are down by 30-50% while a few are trading near their 52-week highs. It is difficult to judge why the sugar stocks are falling.
Equal Weighted Sugar Index (EWSI)
EWSI is the proprietary index created using sugar stocks with a minimum market cap of Rs.1,500crs as of 30th Oct’22.
On the weekly chart (left), the index has reversed from the resistance turn support and trending bullish.
On the daily chart (right), the index has hurdles at 3,136-3,165 zone.
I believe the sector is in the soanpapdi mode – just gift it and do not consume.
Though there are few stocks which are trending bullish, but at some point, they may correct with the sectorial trend.
The best time to invest should be on dips to 2,500-2,600 zone on EWSI.
(CMP-2,935)
#SugarStocks
#KeepItSimple
When you analyze the sector, the stocks tend to be trading in the trend with their peers. Historically, that’s not the case with sugar stocks.
In the last 6months, some of the sugar stocks lost sweetness and are down by 30-50% while a few are trading near their 52-week highs. It is difficult to judge why the sugar stocks are falling.
Equal Weighted Sugar Index (EWSI)
EWSI is the proprietary index created using sugar stocks with a minimum market cap of Rs.1,500crs as of 30th Oct’22.
On the weekly chart (left), the index has reversed from the resistance turn support and trending bullish.
On the daily chart (right), the index has hurdles at 3,136-3,165 zone.
I believe the sector is in the soanpapdi mode – just gift it and do not consume.
Though there are few stocks which are trending bullish, but at some point, they may correct with the sectorial trend.
The best time to invest should be on dips to 2,500-2,600 zone on EWSI.
(CMP-2,935)
#SugarStocks
#KeepItSimple
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Forwarded from Accelerated Profits by Rahul Shah
Going LIVE at 5PM Today…
Today, at 5 PM (IST), I will be going live to reveal what I believe could potentially be the LAST BIG BUYING OPPORTUNITY for Indian Investors.
I will also reveal details of his Top 3 Stocks for 2023 which you could consider buying today to take full advantage of this highly lucrative time in Indian history…
You really don’t want to miss this…
Click on the link below for the Full Details
http://www.eqtm.in/Pz9a4
Today, at 5 PM (IST), I will be going live to reveal what I believe could potentially be the LAST BIG BUYING OPPORTUNITY for Indian Investors.
I will also reveal details of his Top 3 Stocks for 2023 which you could consider buying today to take full advantage of this highly lucrative time in Indian history…
You really don’t want to miss this…
Click on the link below for the Full Details
http://www.eqtm.in/Pz9a4
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The bulls reclaim the 18,000 mark on the Nifty with all the sectorial indices closing on a positive note; the Nifty ends at 18,012 gaining 1.27%.
The HDFC twins awaken leading the Nifty towards the fresh breakout of 18,100 levels.
As per Dow Theory, the breakout from 18,100 on the index will end the bearish structure of lower high – lower low. It will also confirm the trend reversal as per the theory.
One sector that should be on your MarketWatch screen is the Energy Sector. Watch this video to know more. Click here
Brijesh Bhatia
Research Analyst, Fast Profit Report
The HDFC twins awaken leading the Nifty towards the fresh breakout of 18,100 levels.
As per Dow Theory, the breakout from 18,100 on the index will end the bearish structure of lower high – lower low. It will also confirm the trend reversal as per the theory.
One sector that should be on your MarketWatch screen is the Energy Sector. Watch this video to know more. Click here
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍21❤2
SGX Nifty indicates the GAP-UP opening above 18,100 📈
Good Morning Bulls!
An opening above 18,100 on Nifty will end the bearish structure of Lower High - Lower High 📉 and confirm the trend reversal as per Dow Theory (arrow marked on chart).
If we analyze the constituents of Nifty, 86% of the stock with the weights of 90% are trending bullish on charts.
An underperforming US markets is showing the sign of reversal too.
BULLS are you ready for NEW HIGH? 📈
#Nifty
#KeepItSimple
Good Morning Bulls!
An opening above 18,100 on Nifty will end the bearish structure of Lower High - Lower High 📉 and confirm the trend reversal as per Dow Theory (arrow marked on chart).
If we analyze the constituents of Nifty, 86% of the stock with the weights of 90% are trending bullish on charts.
An underperforming US markets is showing the sign of reversal too.
BULLS are you ready for NEW HIGH? 📈
#Nifty
#KeepItSimple
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Nifty – With the Morning Tea CUP
An outperforming index with a reversal in global equities is approaching an all-time high level; Yes, It’s Nifty!
Nifty hit a high of 18,175 yesterday and traded at 41 weeks high. It is a couple of per cent away from hitting the new all-time high (18,604).
As per Dow Theory, the break and close above 18,100 ended the bearish lower high – lower low structure.
The bullish breakout from the CUP & HANDLE chart pattern is visible on the daily chart.
As SGX Nifty is trading down by ~30 points, a dip in the range of 18,000-18,100 will be an accumulation for bulls as it will be the retest zone of the pattern.
Additionally, the runaway gaps indicate the strength in the bullish momentum.
The contribution by blue-chips strengthens the market breadth. The HDFC twins are back in the action. Can they lead Nifty to an all-time high? Watch here
#Nifty
#KeepItSimple
An outperforming index with a reversal in global equities is approaching an all-time high level; Yes, It’s Nifty!
Nifty hit a high of 18,175 yesterday and traded at 41 weeks high. It is a couple of per cent away from hitting the new all-time high (18,604).
As per Dow Theory, the break and close above 18,100 ended the bearish lower high – lower low structure.
The bullish breakout from the CUP & HANDLE chart pattern is visible on the daily chart.
As SGX Nifty is trading down by ~30 points, a dip in the range of 18,000-18,100 will be an accumulation for bulls as it will be the retest zone of the pattern.
Additionally, the runaway gaps indicate the strength in the bullish momentum.
The contribution by blue-chips strengthens the market breadth. The HDFC twins are back in the action. Can they lead Nifty to an all-time high? Watch here
#Nifty
#KeepItSimple
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The calm before the storm on D-street as Nifty hovers in the range ahead of weekly expiry; ends at 18,082 losing 0.34%.
The breakout of the Bullish Cup & Handle pattern is visible on daily charts at 18,000-18,100; the bullish momentum after retesting the breakout will resume the trend towards an all-time high.
The bearish engulfing is visible on the daily chart of Nifty50 and Nifty500 indicating a pause in the momentum.
It’s time for the bulls to shift from large-caps to mid-caps for momentum play.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The breakout of the Bullish Cup & Handle pattern is visible on daily charts at 18,000-18,100; the bullish momentum after retesting the breakout will resume the trend towards an all-time high.
The bearish engulfing is visible on the daily chart of Nifty50 and Nifty500 indicating a pause in the momentum.
It’s time for the bulls to shift from large-caps to mid-caps for momentum play.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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SGX Nifty indicates GAP-DOWN opening @ ~18,000
What is your Trading Plan for Expiry?
Buy @ Open 👍🏻
Sell @ Open 👎🏻
Wait & Watch ❤️
#ExpiryTrading
#Nifty
#KeepItSimple
What is your Trading Plan for Expiry?
Buy @ Open 👍🏻
Sell @ Open 👎🏻
Wait & Watch ❤️
#ExpiryTrading
#Nifty
#KeepItSimple
❤105👍53👎34
Fast Profits Daily
SGX Nifty indicates GAP-DOWN opening @ ~18,000 What is your Trading Plan for Expiry? Buy @ Open 👍🏻 Sell @ Open 👎🏻 Wait & Watch ❤️ #ExpiryTrading #Nifty #KeepItSimple
SGX Nifty - Holding the Technical Support
ARE YOU BUYING? 🤨
ARE YOU BUYING? 🤨
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The Fed triggers the sell-off in the global markets; Nifty opens with a gap-down but trades in the thin range.
It was Options writers expiry as Nifty trades in the range of 18,000-18,100.
The bulls should grab the opportunity at the resistance turn support of 18,000 on Nifty; let’s hit the new all-time high.
The resumption in the PSU Bank index indicates it’s not an end yet. I recommended buying PSU Banks in the Diwali Samvat 2079 video. Watch here
Brijesh Bhatia
Research Analyst, Fast Profit Report
It was Options writers expiry as Nifty trades in the range of 18,000-18,100.
The bulls should grab the opportunity at the resistance turn support of 18,000 on Nifty; let’s hit the new all-time high.
The resumption in the PSU Bank index indicates it’s not an end yet. I recommended buying PSU Banks in the Diwali Samvat 2079 video. Watch here
Brijesh Bhatia
Research Analyst, Fast Profit Report
❤28👍5👎2👏1
The bullish reversal confirms on the D-street as per Dow theory as the Nifty forms a higher high surpassing the previous high of 18,096 on the weekly chart; ends the week at 18,117 gaining 1.86%.
The broad-based buying was witnessed during the week as all the sectorial indices ended on a positive weekly basis.
The Metals stocks are back in action as the index gains 7.5% during the week. The breakout from the triangle pattern is visible on the daily chart of the Metals index indicating the bullish momentum to prolong in the November series.
Nifty is likely to head towards a new all-time high as the heavyweights like HDFC twins and Reliance awakens.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The broad-based buying was witnessed during the week as all the sectorial indices ended on a positive weekly basis.
The Metals stocks are back in action as the index gains 7.5% during the week. The breakout from the triangle pattern is visible on the daily chart of the Metals index indicating the bullish momentum to prolong in the November series.
Nifty is likely to head towards a new all-time high as the heavyweights like HDFC twins and Reliance awakens.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍34❤8
Forwarded from Equitymaster
There could be no better way to start the new Samvat than to listen and learn from Vijay Kedia.
Vijay today is an extremely successful investor. But you will be surprised to learn how it all came to pass. It's a fascinating journey...the rags to riches kind. Just that this one is for real.
The one big take away from this edition of the investor hour is that to make big money, you need to bet big.
But how do you decide when to bet big?
Listen in to the latest episode of the Investor Hour with Vijay Kedia...
Happy learning!
Vijay today is an extremely successful investor. But you will be surprised to learn how it all came to pass. It's a fascinating journey...the rags to riches kind. Just that this one is for real.
The one big take away from this edition of the investor hour is that to make big money, you need to bet big.
But how do you decide when to bet big?
Listen in to the latest episode of the Investor Hour with Vijay Kedia...
Happy learning!
YouTube
Vijay Kedia on Betting Big on Stocks | Investor Hour
Next 10 Years Belong to this Sector - http://www.eqtm.in/o7P5R
It’s not for no reason that Vijay Kedia has a cult like following in the Indian stock markets.
He has had a string of massive successes, right from 1991...and as a result has scripted the…
It’s not for no reason that Vijay Kedia has a cult like following in the Indian stock markets.
He has had a string of massive successes, right from 1991...and as a result has scripted the…
👍15👏2❤1
Bank Nifty – The Calm before the Storm
In the last couple of weeks, Bank Nifty has been in silent mode even when giants like HDFC have awakened and SBI is trading at an all-time high. Bank Nifty has gained merely a per cent while Nifty50 is up 3%; it’s time for Bank Nifty to catch up with Nifty.
Sshh! I heard something...
On the hourly chart, the index signals something is coming in the upcoming truncated week.
Technically, the squeeze in Bollinger Band signals an explosive move can be on cards.
The breakout on either side of an upper band placed at 41,432 and a lower band at 41,050 can trigger the fast and furious move of over 500+ points.
Additionally, the break from the rectangular pattern ranges from 40,800-41,700 will be the icing on the cake.
Hey traders, roll up your sleeves to trade this breakout setup. 📈📉
(CMP-41,258)
#BankNifty
#KeepItSimple
In the last couple of weeks, Bank Nifty has been in silent mode even when giants like HDFC have awakened and SBI is trading at an all-time high. Bank Nifty has gained merely a per cent while Nifty50 is up 3%; it’s time for Bank Nifty to catch up with Nifty.
Sshh! I heard something...
On the hourly chart, the index signals something is coming in the upcoming truncated week.
Technically, the squeeze in Bollinger Band signals an explosive move can be on cards.
The breakout on either side of an upper band placed at 41,432 and a lower band at 41,050 can trigger the fast and furious move of over 500+ points.
Additionally, the break from the rectangular pattern ranges from 40,800-41,700 will be the icing on the cake.
Hey traders, roll up your sleeves to trade this breakout setup. 📈📉
(CMP-41,258)
#BankNifty
#KeepItSimple
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