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
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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
👍7
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
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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
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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
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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
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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…
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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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Fast Profits Daily
BankNifty - Gap + Bullish Breakout & Retest 📈
Wohoo! 🔥
Bank Nifty : 41,450 to 41,750 📈💰
Bank Nifty : 41,450 to 41,750 📈💰
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Indian benchmark indices following the formula of slow and steady win the race as Nifty opens with a gap and consolidates at higher levels; ends at 18,202 gaining 0.47%.
The bulls are approaching the index towards the new all-time high of 18,604 on Nifty while t broader market index, Nifty500 is a couple of percent away from hitting new highs.
Smallcap index which is silent may catch up the pace with Nifty50. The SmallCap index as it breaks out of the falling trendline on the daily chart indicating the bulls are warming up for a bigger rally. Even Russell2000, the US SmallCap index is hovering at the support area indicating the bullish scenario.
The bulls are approaching the index towards the new all-time high of 18,604 on Nifty while t broader market index, Nifty500 is a couple of percent away from hitting new highs.
Smallcap index which is silent may catch up the pace with Nifty50. The SmallCap index as it breaks out of the falling trendline on the daily chart indicating the bulls are warming up for a bigger rally. Even Russell2000, the US SmallCap index is hovering at the support area indicating the bullish scenario.
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5 Smallcap Stocks Under Rs 100 to Add to Your Watchlist 📈
https://youtu.be/K5Ac0px9808
The week has started on a positive note as the Nifty 50 index hit a high of 18,255, a couple of percentage points away from its all-time high of 18,604.
While the broader market index Nifty500 is merely 3% away from its all-time high, the smallcap index is yet to catch up with the momentum.
US markets are showing signs of reversal but are yet to confirm the bottom.
What highlighted me to write this piece and record a video around the same for our subscribers was the US smallcap index - Russell2000.
Russell2000
The high of 1,740 in 2018 acted as the resistance zone in 2020 ahead of the pandemic fall. The index corrected over 40% during the pandemic phase and witnessed the V-shape recovery in sync with the large-cap indices.
Currently, the index is back around the 1,700-1,800 zone to retest the long-term technical breakout levels.
The resistance turns support, and the probable double bottom pattern is visible on charts indicating the bottom process in on cards. Though the confirmation of the double pattern will be above 2,050.
As Indian markets are outperforming against the US markets, the Nifty SmallCap index has just broken out of its consolidation zone.
Nifty SmallCap Index
Something is on cards for SmallCap index as it breaks out of the falling trendline on the daily chart indicating the bulls are warming up for the bigger rally.
The horizontal trendline which acted as resistance in the first half of 2022 is acting as a support zone for bulls in the second half.
And the golden crossover is on cards too as the 50DEMA (green) and 200DEMA (orange) converge to turn bullish.
With the Nifty SmallCap index suggesting the bullish scenario on charts and Russell2000 in the bottoming process, I believe it’s time to focus on smallcap stocks.
Here is the list of potential smallcap stocks under Rs 100 that investors should have on their watchlist.
Please note, these are not recommendations by any stretch. Just a list of stocks that look good on charts.
1. IDFC
2. Shree Renuka Sugar Ltd
3. CESC Ltd
4. Bank of Maharashtra
5. NLC India Ltd.
I also request readers to watch the video below to check out the levels for these stocks.
https://youtu.be/K5Ac0px9808
The week has started on a positive note as the Nifty 50 index hit a high of 18,255, a couple of percentage points away from its all-time high of 18,604.
While the broader market index Nifty500 is merely 3% away from its all-time high, the smallcap index is yet to catch up with the momentum.
US markets are showing signs of reversal but are yet to confirm the bottom.
What highlighted me to write this piece and record a video around the same for our subscribers was the US smallcap index - Russell2000.
Russell2000
The high of 1,740 in 2018 acted as the resistance zone in 2020 ahead of the pandemic fall. The index corrected over 40% during the pandemic phase and witnessed the V-shape recovery in sync with the large-cap indices.
Currently, the index is back around the 1,700-1,800 zone to retest the long-term technical breakout levels.
The resistance turns support, and the probable double bottom pattern is visible on charts indicating the bottom process in on cards. Though the confirmation of the double pattern will be above 2,050.
As Indian markets are outperforming against the US markets, the Nifty SmallCap index has just broken out of its consolidation zone.
Nifty SmallCap Index
Something is on cards for SmallCap index as it breaks out of the falling trendline on the daily chart indicating the bulls are warming up for the bigger rally.
The horizontal trendline which acted as resistance in the first half of 2022 is acting as a support zone for bulls in the second half.
And the golden crossover is on cards too as the 50DEMA (green) and 200DEMA (orange) converge to turn bullish.
With the Nifty SmallCap index suggesting the bullish scenario on charts and Russell2000 in the bottoming process, I believe it’s time to focus on smallcap stocks.
Here is the list of potential smallcap stocks under Rs 100 that investors should have on their watchlist.
Please note, these are not recommendations by any stretch. Just a list of stocks that look good on charts.
1. IDFC
2. Shree Renuka Sugar Ltd
3. CESC Ltd
4. Bank of Maharashtra
5. NLC India Ltd.
I also request readers to watch the video below to check out the levels for these stocks.
YouTube
5 Smallcap Stocks Under Rs 100 to Add to Your Watchlist | Smallcap Index | Russell2000
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/i7D9C
Indian benchmark index Nifty is approaching an all-time high while Small-cap is yet to accelerate the bullish momentum.
With the recent breakout in Smallcap index and…
Indian benchmark index Nifty is approaching an all-time high while Small-cap is yet to accelerate the bullish momentum.
With the recent breakout in Smallcap index and…
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SGX Nifty - Heading for 18,600+ 📈
Index is trending in the bullish structure of a higher high – higher low pattern as per Dow theory.
The index is heading higher with the support of the rising channel and the bullish momentum may trend towards the upper band of the channel at the 18,600+ level.
The previous support zone of ~18,000 (marked 1 on the chart) formed the base after the breakout and retested before heading northwards to ~18,300 levels.
With Indian markets off today due to Guru Nanak Jayanti, SGX Nifty is hovering around the minor hurdle (marked 2 on the chart) in the range of 18,280-18,360.
With the sunrise, SGX Nifty rose to the high of 18,404 and is likely to surpass the high in the second half of the day with an opening of US markets.
The sustainability above the 18,400 level, the new base will be the 18,150-18,200 zone for the next bullish leg on charts.
(CMP-18,325)
#SGXNiftyLive
#KeepItSimple
Index is trending in the bullish structure of a higher high – higher low pattern as per Dow theory.
The index is heading higher with the support of the rising channel and the bullish momentum may trend towards the upper band of the channel at the 18,600+ level.
The previous support zone of ~18,000 (marked 1 on the chart) formed the base after the breakout and retested before heading northwards to ~18,300 levels.
With Indian markets off today due to Guru Nanak Jayanti, SGX Nifty is hovering around the minor hurdle (marked 2 on the chart) in the range of 18,280-18,360.
With the sunrise, SGX Nifty rose to the high of 18,404 and is likely to surpass the high in the second half of the day with an opening of US markets.
The sustainability above the 18,400 level, the new base will be the 18,150-18,200 zone for the next bullish leg on charts.
(CMP-18,325)
#SGXNiftyLive
#KeepItSimple
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