After the rally of 8% in August, bulls in September head higher with gains of 2.84%; October begins with gap-down opening and close the first day at 17,532.
On daily chart of Nifty, doji is formed right at the multiple bullish harmonic patterns like Gartley and Reciprocal AB=CD indicating the low of 17,452 will act as key support zone for next few weeks.
https://t.me/FastProfitsReport/237
The bullish reciprocal AB=CD on Bank Nifty indicates the bulls may lead next week.
Brijesh Bhatia
Research Analyst, Fast Profit Report
On daily chart of Nifty, doji is formed right at the multiple bullish harmonic patterns like Gartley and Reciprocal AB=CD indicating the low of 17,452 will act as key support zone for next few weeks.
https://t.me/FastProfitsReport/237
The bullish reciprocal AB=CD on Bank Nifty indicates the bulls may lead next week.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Chart of the Day: Nifty The October F&O series starts with bears attack taking Nifty below 17,500 levels. The short term structure on hourly chart seem bullish. Bullish Gartley Harmonic pattern is visible on chart with reversal zone of 17,445-17,465 indicating…
Nifty - Updated Chart - 17,452 to 17,750.... 📈
Index reversed from the Bullish Gartley patterns and approaching the levels of 18,000.
#KeepItSimple
Index reversed from the Bullish Gartley patterns and approaching the levels of 18,000.
#KeepItSimple
An Island reversal pattern to start the month for bulls, are they eyeing 18,500 on Nifty?
The bulls are back after forming the multiple bullish harmonic pattern last week on Nifty by gaining 159 points today.
An island reversal coupled with bullish harmonic pattern is the sign of short-term low in place at 17,452.
Midcap and Smallcap Index has broken out of triangle pattern and gapping-play indicating long-way to go for bulls.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bulls are back after forming the multiple bullish harmonic pattern last week on Nifty by gaining 159 points today.
An island reversal coupled with bullish harmonic pattern is the sign of short-term low in place at 17,452.
Midcap and Smallcap Index has broken out of triangle pattern and gapping-play indicating long-way to go for bulls.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The short-lived dip to 17,500 on Nifty was an opportunity grabbed by bulls; ends at 17,822 gaining 0.74% but certainly eyeing 18,000 levels.
I’ve released the Fast Profits Daily video on Nifty Strategy for October. Watch here.
Midcap and Smallcap are hitting all-time high. What should investor do? Watch the Fast Profits Daily video tomorrow to the outlook on Smallcap Index.
Brijesh Bhatia
Research Analyst, Fast Profit Report
I’ve released the Fast Profits Daily video on Nifty Strategy for October. Watch here.
Midcap and Smallcap are hitting all-time high. What should investor do? Watch the Fast Profits Daily video tomorrow to the outlook on Smallcap Index.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Bank Nifty
Bulls are making it Large as index breaks out of Bullish Head and Shoulder pattern.
The bullish Head and Shoulder pattern was followed right after the Bullish Harmonic reversal pattern completed at the low of Friday.
The 200HEMA (Hourly Exponential Moving Average) comes into play as the multiple bullish reversal structure forms right at the test of moving average indicating the bulls are in control of the momentum.
Come on bulls, lets hit the new all-time high in Bank Nifty.
#KeepItSimple
Bulls are making it Large as index breaks out of Bullish Head and Shoulder pattern.
The bullish Head and Shoulder pattern was followed right after the Bullish Harmonic reversal pattern completed at the low of Friday.
The 200HEMA (Hourly Exponential Moving Average) comes into play as the multiple bullish reversal structure forms right at the test of moving average indicating the bulls are in control of the momentum.
Come on bulls, lets hit the new all-time high in Bank Nifty.
#KeepItSimple
The D-street witness the traditional astro move of Amavasya as all the benchmark correct; Nifty ends at 17,646 losing 1%.
Most of the benchmark indices retest the previous breakout levels indicating the bulls are still in control; an uptick in global markets can witness fresh bullish momentum.
I believe the Smallcap index will outperform the Nifty in 2022. Watch the technical setup here.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Most of the benchmark indices retest the previous breakout levels indicating the bulls are still in control; an uptick in global markets can witness fresh bullish momentum.
I believe the Smallcap index will outperform the Nifty in 2022. Watch the technical setup here.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Fast Profits Daily - Auto Stocks will Rise from the Ashes Auto stocks have underperformed a lot. But now they could be on the verge of going up again. http://www.eqtm.in/Jd8o2
It's Time for Auto - Don't miss the Trading Opportunity
Auto index is now breaking out of Bullish Pennant pattern after indicating the bottoming structure.
#KeepItSimple
Auto index is now breaking out of Bullish Pennant pattern after indicating the bottoming structure.
#KeepItSimple
The breakout, retest and rally is the classic technical analysis move a trader can grab it and that’s what exactly we had in most of the benchmark indices. We highlighted in our yesterday’s post market update and hope you didn’t miss today’s momentum.
Nifty approaching the new all-time high; ends at 17,790.35 gaining 0.82%.
Initial hurdle for bulls will be 17,900 on Nifty; once taken out and we may see 18,200-18,345 levels in coming weeks.
Auto Index gains the momentum and if you have watched our video, you might have minted the money in this rally. Watch video here - https://youtu.be/6dQbLXGPUb0
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty approaching the new all-time high; ends at 17,790.35 gaining 0.82%.
Initial hurdle for bulls will be 17,900 on Nifty; once taken out and we may see 18,200-18,345 levels in coming weeks.
Auto Index gains the momentum and if you have watched our video, you might have minted the money in this rally. Watch video here - https://youtu.be/6dQbLXGPUb0
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Equal Weighted Gas Distribution Index (EWGDI)
An EWGDI chart signals an uptick in bullish momentum on gas distribution stocks.
Index is trading at multiple support and technical indicators signals the bullish trend may abrupt.
1. Index is trading at the support of 50DEMA
2. The 50% Fibonacci retracement and consolidation indicates an accumulation at support level
3. Positive crossover on Stochastic suggests the bulls roaring on cards.
If we look at the moon cycle on the above chart, the 14 period momentum plays are key role in these stocks. The previous period was the non-trending period and we expect this period to bring volatility; with bullish biased.
#KeepItSimple
An EWGDI chart signals an uptick in bullish momentum on gas distribution stocks.
Index is trading at multiple support and technical indicators signals the bullish trend may abrupt.
1. Index is trading at the support of 50DEMA
2. The 50% Fibonacci retracement and consolidation indicates an accumulation at support level
3. Positive crossover on Stochastic suggests the bulls roaring on cards.
If we look at the moon cycle on the above chart, the 14 period momentum plays are key role in these stocks. The previous period was the non-trending period and we expect this period to bring volatility; with bullish biased.
#KeepItSimple
Fast Profits Daily
Chart of the Day: Nifty The October F&O series starts with bears attack taking Nifty below 17,500 levels. The short term structure on hourly chart seem bullish. Bullish Gartley Harmonic pattern is visible on chart with reversal zone of 17,445-17,465 indicating…
Hurrah! Nifty @ 18,000
Updated Chart highlights the fresh breakout from Ascending Triangle on Nifty after forming multiple reversal structure at 17,452.
Bulls roaring - Anyone for 18,500?
#KeepItSimple
Updated Chart highlights the fresh breakout from Ascending Triangle on Nifty after forming multiple reversal structure at 17,452.
Bulls roaring - Anyone for 18,500?
#KeepItSimple
Bank Nifty - On the verge of Breakout
Index is right near the high of ~38,400 and is on the verge of 25 days of consolidation.
The break above 38,400-38,500 can witness fast and furious momentum in banking stocks.
Who can lead the BankNifty higher?
HDFCBK
ICICIBK
AXISBK
SBI
#KeepItSimple
Index is right near the high of ~38,400 and is on the verge of 25 days of consolidation.
The break above 38,400-38,500 can witness fast and furious momentum in banking stocks.
Who can lead the BankNifty higher?
HDFCBK
ICICIBK
AXISBK
SBI
#KeepItSimple
The D-street celebrates Navratri with new milestone of 18,000 on Nifty; ends at 17,945 gaining 0.28%.
Bank Nifty leads the day by gaining 1.37%. Index breakout of ascending triangle structure; 37,900 will act as support while 39,000 can be on cards.
Nifty too breaks out of ascending triangle and re-tested in the second half of the day; the positive opening tomorrow means bulls can eye 18,100-18,134 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty leads the day by gaining 1.37%. Index breakout of ascending triangle structure; 37,900 will act as support while 39,000 can be on cards.
Nifty too breaks out of ascending triangle and re-tested in the second half of the day; the positive opening tomorrow means bulls can eye 18,100-18,134 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day - Trading Opportunity in EWTWI
The above daily chart is Equal Weighted Two-Wheeler Index (EWTWI) created using the stocks with minimum market cap of 10,000crs.
Index is breaking out of the multiple resistance zone and indicating
The 8 months falling trendline breakout followed by Bullish/Inverted Head & Shoulder (iH&S) and the previous been taken out indicates the long-ride to highway for two-wheeler stocks.
In last few sessions, four-wheeler stocks witnessed huge run-up and now, it's time for two-wheelers.
#KeepItSimple
The above daily chart is Equal Weighted Two-Wheeler Index (EWTWI) created using the stocks with minimum market cap of 10,000crs.
Index is breaking out of the multiple resistance zone and indicating
The 8 months falling trendline breakout followed by Bullish/Inverted Head & Shoulder (iH&S) and the previous been taken out indicates the long-ride to highway for two-wheeler stocks.
In last few sessions, four-wheeler stocks witnessed huge run-up and now, it's time for two-wheelers.
#KeepItSimple
Nifty - Breakout & Retest...What's Next?
Index breaking the key psychological hurdle of 18,000 mark as well as an ascending triangle pattern which is continuation in nature.
The breakout is retested in today's session at 17,885 levels and heading northwards.
On derivative front, 18000CE writers are building barriers for an upmove. Bulls need to gear up to break the wall.
The triple-top breakout on Point & Figure chart indicates the bulls can take Nifty to 18,500+ levels (Fingers crossed).
Stochastic has reversed from the oversold territory at retest of the breakout suggest the momentum is in control of bulls.
#KeepItSimple
Index breaking the key psychological hurdle of 18,000 mark as well as an ascending triangle pattern which is continuation in nature.
The breakout is retested in today's session at 17,885 levels and heading northwards.
On derivative front, 18000CE writers are building barriers for an upmove. Bulls need to gear up to break the wall.
The triple-top breakout on Point & Figure chart indicates the bulls can take Nifty to 18,500+ levels (Fingers crossed).
Stochastic has reversed from the oversold territory at retest of the breakout suggest the momentum is in control of bulls.
#KeepItSimple
Midcap and Smallcap index hits new all-time high; Nifty ends at highest ever closing of 17,992 gaining 0.26%.
Bank Nifty outperforms in last couple of trading session supports the Nifty bulls; banking outperformance is likely to continue for few trading days.
The breakout from ascending triangle being retest at 17,885 and bulls grab an opportunity to reclaim 18,000 marks on Nifty. Watch chart here https://t.me/FastProfitsReport/263
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty outperforms in last couple of trading session supports the Nifty bulls; banking outperformance is likely to continue for few trading days.
The breakout from ascending triangle being retest at 17,885 and bulls grab an opportunity to reclaim 18,000 marks on Nifty. Watch chart here https://t.me/FastProfitsReport/263
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Fast Profits Daily - Auto Stocks will Rise from the Ashes Auto stocks have underperformed a lot. But now they could be on the verge of going up again. http://www.eqtm.in/Jd8o2
Auto Stocks on Expressway
This is how the price react when they reverse from Fibonacci Time Cycle.
#KeepItSimple
This is how the price react when they reverse from Fibonacci Time Cycle.
#KeepItSimple
Fast Profits Daily - Cryptos: Bitcoin and Ethereum are Trading Bullish
Should you go long on Bitcoin and Ethereum now?
http://www.eqtm.in/Rn2d9
Should you go long on Bitcoin and Ethereum now?
http://www.eqtm.in/Rn2d9