Fast Profits Daily
Nifty Intraday Traders - Don't Miss this Chart on Friday - The 13th Index hits the ATH of 16,375 in yesterday's session and even closed at the highest level ever. The trend continue to remain bullish but.... The close is right at the resistance of megaphone…
Nifty - Updated Chart
Bulls break above 16,415 and riding the wave. (CMP-16,477)
Bulls break above 16,415 and riding the wave. (CMP-16,477)
The party begins on D-street as index hits all-time high; Nifty at 16,543 and Sensex at 55,487.
The broadening triangle breakout above 16,400 accelerated the momentum above 16,500 as highlighted in the morning. Watch chart here https://t.me/FastProfitsReport/142
We expect the bullish momentum to extent towards 16,716-16,849 next week.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The broadening triangle breakout above 16,400 accelerated the momentum above 16,500 as highlighted in the morning. Watch chart here https://t.me/FastProfitsReport/142
We expect the bullish momentum to extent towards 16,716-16,849 next week.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the day: Nifty PSUBank Index
PSU Bank Index is underperforming Private Bank index since the start of August 2021.
Index is trading at the confluence of support:
1. Horizontal Trendline
2. 38.20% Fibonacci retracement
3. 100DEMA
As index hovers around support zone, we are witnessing bullish divergence on RSI signaling bulls are about to come back.
#KeepItSimple
PSU Bank Index is underperforming Private Bank index since the start of August 2021.
Index is trading at the confluence of support:
1. Horizontal Trendline
2. 38.20% Fibonacci retracement
3. 100DEMA
As index hovers around support zone, we are witnessing bullish divergence on RSI signaling bulls are about to come back.
#KeepItSimple
Chart of the Day: Nifty Infra Index
Nifty Infra index is trading at 13years highest level indicating the worst is over for the sector.
The breakout above the resistance zone followed by flag breakout signals the strength in bullish momentum.
Double top or Super pattern breakout on Point & Figure (P&F) chart is one more signal for strong bullish trend.
At current market price of 4,580, the structure seems very bullish for next 2-3 months till it hold the support zone of 4,300.
#KeepItSimple
Nifty Infra index is trading at 13years highest level indicating the worst is over for the sector.
The breakout above the resistance zone followed by flag breakout signals the strength in bullish momentum.
Double top or Super pattern breakout on Point & Figure (P&F) chart is one more signal for strong bullish trend.
At current market price of 4,580, the structure seems very bullish for next 2-3 months till it hold the support zone of 4,300.
#KeepItSimple
Fast Profits Daily - PSU Banks Are Set for a Rally
Here's why I think PSU banking stocks are your best trading bet right now.
http://www.eqtm.in/Bq95A
Here's why I think PSU banking stocks are your best trading bet right now.
http://www.eqtm.in/Bq95A
IT and FMCG leads the way to all-time high of 16,628 for Nifty; ends at 16,614.60 gaining 0.31%.
The money flow into large caps from midcaps since start of August 2021 highlights an outperformance of Nifty over midcap and smallcap.
Banks need to participate for next leg of bullish momentum on D-street.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The money flow into large caps from midcaps since start of August 2021 highlights an outperformance of Nifty over midcap and smallcap.
Banks need to participate for next leg of bullish momentum on D-street.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Forwarded from Equitymaster
Fast Profits Daily - How to Buy the Dip in a Bull Market
In this video, I'll show you my three step strategy to profitably 'buy the dip'.
http://www.eqtm.in/Zs46B
In this video, I'll show you my three step strategy to profitably 'buy the dip'.
http://www.eqtm.in/Zs46B
Fast Profits Daily
Gold - The Moon Phase Bottom? Do you believe the Commodity trading and Moon Phase cycle help you to analyze and trade? Many traders follow the moon phase cycle to predict the next leg of momentum in stock/commodity markets. They even analyze deep and predict…
Gold - The Moon Phase Bottom?
An Updated Chart - $1,720 to $1,797
An Updated Chart - $1,720 to $1,797
SGX Nifty - Confluence of Support
SGX Nifty goes wild esp. when Indian markets are off.
With markets off today in India, SGX was down by almost 500pts from the high of 16,702 and found support at multiple technical levels.
1. Fibonacci retracement of 38.20% level.
2. 100EMA on 4hours chart
3. Previous swing lows
The positive reversal on RSI indicates the bulls have an opportunity to buy and index is likely to head higher.
Once it breaks and close above 50EMA on 4hrs chart which is placed at 16,413, it confirms the higher low or swing low.
#KeepItSimple
SGX Nifty goes wild esp. when Indian markets are off.
With markets off today in India, SGX was down by almost 500pts from the high of 16,702 and found support at multiple technical levels.
1. Fibonacci retracement of 38.20% level.
2. 100EMA on 4hours chart
3. Previous swing lows
The positive reversal on RSI indicates the bulls have an opportunity to buy and index is likely to head higher.
Once it breaks and close above 50EMA on 4hrs chart which is placed at 16,413, it confirms the higher low or swing low.
#KeepItSimple
Today morning, I went LIVE on CNBC TV18 to share my views on the market.
We discussed whether the recent correction is a sign of worry or whether it is just a minor blip in the major bullish trend. Plus, I also shared my views on many stocks spread over Financial Services, IT, and FMCG sectors. You may discover some great trading ideas in our discussion.
Just click the link below to watch the session in full…
https://youtu.be/zhp6JyN8AZ0
We discussed whether the recent correction is a sign of worry or whether it is just a minor blip in the major bullish trend. Plus, I also shared my views on many stocks spread over Financial Services, IT, and FMCG sectors. You may discover some great trading ideas in our discussion.
Just click the link below to watch the session in full…
https://youtu.be/zhp6JyN8AZ0
YouTube
Equitymaster's Brijesh Bhatia Shares His Views On Today's Market Session | Trading Hour | CNBC TV18
Brijesh Bhatia, the Senior Research Analyst at Equitymaster, joins in to discuss some of the individual stocks.
#CNBCTV18 #BrijeshBhatia #Equitymaster #Nifty #Sensex
CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news.…
#CNBCTV18 #BrijeshBhatia #Equitymaster #Nifty #Sensex
CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news.…
The truncated week witnessed profit bookings on last day of the week; Nifty ends the week at 16,450 losing 0.5%.
Nifty tested the breakout level of 16,350 and rallied higher. The 16,150-16,350 zone will act as major support for next week.
Large caps are the flavor of the month and it is likely to continue in next week; energy and IT will be on my watchlist.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty tested the breakout level of 16,350 and rallied higher. The 16,150-16,350 zone will act as major support for next week.
Large caps are the flavor of the month and it is likely to continue in next week; energy and IT will be on my watchlist.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Bitcoin - Is $28,000 the bottom for H2-2021? The bitcoin (BTCUSD) has formed the Spring / Shakeout low of $28,600 in June 2021 as per Wyckoff Theory. After posting the low of $29,296 in July 2021, it marked as Last Point of Support (LPS) and trading above…
Bitcoin - Above $50,000
In June 2021 when Bitcoin was trading around $32,000, I have posted chart of an accumulation as per Wyckoff theory.
I posted an updated chart on 26th July 2021 indicating the bottom for H2-2021 when it was trading around $36,500 as confirmation of bottoming technical structure.
Today, it has crossed $50,000 mark giving the return of more than 50%, and more to come...
The prices have now entered phase-E as per Wyckoff theory and I believe the bullish momentum to continue for cryptos.
#KeepItSimple
In June 2021 when Bitcoin was trading around $32,000, I have posted chart of an accumulation as per Wyckoff theory.
I posted an updated chart on 26th July 2021 indicating the bottom for H2-2021 when it was trading around $36,500 as confirmation of bottoming technical structure.
Today, it has crossed $50,000 mark giving the return of more than 50%, and more to come...
The prices have now entered phase-E as per Wyckoff theory and I believe the bullish momentum to continue for cryptos.
#KeepItSimple
Nifty opens gap-up at 16,592; ends on flat note at 16,496 gaining 0.28%.
Index retests the megaphone breakout; 16,260-16,300 will be decider levels for bulls.
The money flow from midcap and smallcap might continue for more couple of weeks; Nifty50 stocks should be on your watchlist.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index retests the megaphone breakout; 16,260-16,300 will be decider levels for bulls.
The money flow from midcap and smallcap might continue for more couple of weeks; Nifty50 stocks should be on your watchlist.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Bank Nifty Futures - Ahead of Monthly Expiry
Bank Nifty has underperformed against the Nifty for last couple of expiry.
The technical setup on hourly chart of Bank Nifty Futures indicates the short covering rally can be on cards ahead of monthly expiry which is on 26th August 2021.
The high of 10 period Donchian Channel on hourly chart is placed at 35,401 which means, if high is taken out, the slope of channel will turn northwards for the first time after 21 bars.
Now this convince me that the breakout can be on cards as 21 is the Fibonacci number and Fibonacci time cycle breakouts are agile.
Adding to it, the Heikin Ashi candles are indicating an exhaustion to bearish momentum and bullish candles signals reversal.
The positive crossover on stochastic indicates the bullish momentum can accelerate above the breakout level.
The move above 35,401-35,415 can witness short covering rally.
#KeepItSimple
Bank Nifty has underperformed against the Nifty for last couple of expiry.
The technical setup on hourly chart of Bank Nifty Futures indicates the short covering rally can be on cards ahead of monthly expiry which is on 26th August 2021.
The high of 10 period Donchian Channel on hourly chart is placed at 35,401 which means, if high is taken out, the slope of channel will turn northwards for the first time after 21 bars.
Now this convince me that the breakout can be on cards as 21 is the Fibonacci number and Fibonacci time cycle breakouts are agile.
Adding to it, the Heikin Ashi candles are indicating an exhaustion to bearish momentum and bullish candles signals reversal.
The positive crossover on stochastic indicates the bullish momentum can accelerate above the breakout level.
The move above 35,401-35,415 can witness short covering rally.
#KeepItSimple
Fast Profits Daily - Intraday Versus Swing Trading
In this video, I'll show you the nuances between intraday and swing trading.
http://www.eqtm.in/Ec68K
In this video, I'll show you the nuances between intraday and swing trading.
http://www.eqtm.in/Ec68K
The all-time high saga continues on D-street as Nifty hits high of 16,712; ends at 16,634.65 gaining 0.06%.
August series belongs to large caps and profit bookings was witnessed in Midcaps and Smallcaps. But…
Midcap and Smallcap are taking support at 50DEMA and the bullish momentum is likely to resume from start of September.
Brijesh Bhatia
Research Analyst, Fast Profit Report
August series belongs to large caps and profit bookings was witnessed in Midcaps and Smallcaps. But…
Midcap and Smallcap are taking support at 50DEMA and the bullish momentum is likely to resume from start of September.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Nifty Energy Index
Nifty Energy Index is on the cusp of bullish breakout of horizontal trendline (black) and upper band of Bollinger Band (BB) which are placed in the zone of 19,900-19,950.
The short-term rounding bottom structure (red) indicates an accumulation of 2months after retracing from the highs of 21,000 mark.
The positive crossover of averages and moving above the integer line on MACD signals the bullish momentum.
The break of resistance zone and key psychological level of 20,000 can witness money flow into this sector.
#KeepItSimple
Nifty Energy Index is on the cusp of bullish breakout of horizontal trendline (black) and upper band of Bollinger Band (BB) which are placed in the zone of 19,900-19,950.
The short-term rounding bottom structure (red) indicates an accumulation of 2months after retracing from the highs of 21,000 mark.
The positive crossover of averages and moving above the integer line on MACD signals the bullish momentum.
The break of resistance zone and key psychological level of 20,000 can witness money flow into this sector.
#KeepItSimple
Nifty trends in a range on monthly expiry day; ends on flat note at 16,636.90.
Can we expect 17,000 in September series?
An improvement in breadth this week indicates the broader markets are strengthening the bullish move.
Midcap and Smallcaps are likely to come back with more strength taking indices to new high.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Can we expect 17,000 in September series?
An improvement in breadth this week indicates the broader markets are strengthening the bullish move.
Midcap and Smallcaps are likely to come back with more strength taking indices to new high.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Dow Jones @ demand zone
The fast and furious rally from 34,700 to 35,500 halted just at 88.60% Fibonacci retracement of previous fall.
The dip from 35,500 to 35,300 seems an excellent buying opportunity as it stands to be demand zone with multiple technical supports as:
1. Gap area.
2. 100HEMA
3. 27.60% and 38.20% Fibonacci retracement are placed in demand zone.
#KeepItSimple
The fast and furious rally from 34,700 to 35,500 halted just at 88.60% Fibonacci retracement of previous fall.
The dip from 35,500 to 35,300 seems an excellent buying opportunity as it stands to be demand zone with multiple technical supports as:
1. Gap area.
2. 100HEMA
3. 27.60% and 38.20% Fibonacci retracement are placed in demand zone.
#KeepItSimple
Nifty - Cup & Handle Breakout
It's a weekend and party on D-street as Nifty hits ATH of 16,712.60.
But the party needs to be harder as it breaks out of Cup & Handle Pattern.
Cup & Handle pattern is bullish pattern. The cup is formed in rounding structure while the handle is in the form of falling channel.
The breaks out of the pattern at 16,680 confirms the bullish momentum for next week.
#KeepItSimple #HappyTrading
It's a weekend and party on D-street as Nifty hits ATH of 16,712.60.
But the party needs to be harder as it breaks out of Cup & Handle Pattern.
Cup & Handle pattern is bullish pattern. The cup is formed in rounding structure while the handle is in the form of falling channel.
The breaks out of the pattern at 16,680 confirms the bullish momentum for next week.
#KeepItSimple #HappyTrading