Fast Profits Daily
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)…
Nifty Energy Index is BREAKING OUT OF 62 DAYS FIB TIME CYCLE
Do not miss the bullish momentum in Energy Index which has just broken out of 62 days Fibonacci Time Cycle and key psychological level of 20,000 mark.
Attached an updated chart of the setup posted on 26th August 2021.
#KeepItSimple
Do not miss the bullish momentum in Energy Index which has just broken out of 62 days Fibonacci Time Cycle and key psychological level of 20,000 mark.
Attached an updated chart of the setup posted on 26th August 2021.
#KeepItSimple
Hurrah! Nifty at all-time high of 16,951 and just shy of another milestone of 17,000; ends the day at 16,931 gaining 1.35%.
We highlighted on Friday regarding the cup & handle breakout on Nifty chart, and here we have a bullish day gaining 225 points.
The healthy market breadth strengthens the bullish momentum.
SEBI’s new margin rule for intraday traders will be 100% effective from 1st September 2021 which means the volatility and volumes may decrease. Traders need to be vigilant on to their positions to avoid penalties.
Brijesh Bhatia
Research Analyst, Fast Profit Report
We highlighted on Friday regarding the cup & handle breakout on Nifty chart, and here we have a bullish day gaining 225 points.
The healthy market breadth strengthens the bullish momentum.
SEBI’s new margin rule for intraday traders will be 100% effective from 1st September 2021 which means the volatility and volumes may decrease. Traders need to be vigilant on to their positions to avoid penalties.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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If you are interested in creating a potential second stream income for yourself.
An income stream that could potentially keep pumping money into your bank account month after month… irrespective of whether you go to work or not…
…then you need to check out this breakthrough trading system created by Brijesh Bhatia – who we call India’s #1 pattern trader.
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Strategies & Techniques:
You analyze trades, tighten your rules, learn new techniques, develop your system, do more research, and test new strategies.
Despite all of that work, the bleeding continues.
You try again and again, but you still don’t get anywhere because the answer doesn’t lie in what you know about trading.
Trading Plan & Execution:
Think about your most costly errors in execution.
Do they include any of the following?
* Forcing mediocre trade setups
* Hesitating on entries
* Exiting trades too early
* Chasing the market price up and down
* Moving a stop too soon
* Moving your pro fit target before it hits
* Talking yourself out of a good trade
Often when these mistakes occur, you’re unable to stop yourself from making them.
Your emotions get in the way, and they have the power to force your worst impulses.
#KeepItSimple
You analyze trades, tighten your rules, learn new techniques, develop your system, do more research, and test new strategies.
Despite all of that work, the bleeding continues.
You try again and again, but you still don’t get anywhere because the answer doesn’t lie in what you know about trading.
Trading Plan & Execution:
Think about your most costly errors in execution.
Do they include any of the following?
* Forcing mediocre trade setups
* Hesitating on entries
* Exiting trades too early
* Chasing the market price up and down
* Moving a stop too soon
* Moving your pro fit target before it hits
* Talking yourself out of a good trade
Often when these mistakes occur, you’re unable to stop yourself from making them.
Your emotions get in the way, and they have the power to force your worst impulses.
#KeepItSimple
Chart of the Day: NiftyIT Index - Buy in an OVERBOUGHT Zone
Technical Analysis is the game of probability and oscillators play a key role, even though they are laggard.
Each oscillator reacts differently and we are looking at Relative Strength Index (RSI) on daily chart of Nifty IT Index.
We learned RSI as an overbought zone above 70 and oversold below 30. It means you avoid buying above 70 and selling below 30.
But, do they work in the same manner what we learnt?
On daily chart of Nifty IT, when RSI test 85 levels which is termed as an extreme overbought zone, we haven't seen index correcting in price.
Instead, the rally is a smooth bullish ride when RSI is 85.
Not once or twice, it has been proved for five times in last decade and this is the sixth time RSI is above 85 and IT index at all-time high.
Historically, this structure has supported bulls.
Will you buy Nifty IT index at CMP-34,109?
#KeepItSimple
Technical Analysis is the game of probability and oscillators play a key role, even though they are laggard.
Each oscillator reacts differently and we are looking at Relative Strength Index (RSI) on daily chart of Nifty IT Index.
We learned RSI as an overbought zone above 70 and oversold below 30. It means you avoid buying above 70 and selling below 30.
But, do they work in the same manner what we learnt?
On daily chart of Nifty IT, when RSI test 85 levels which is termed as an extreme overbought zone, we haven't seen index correcting in price.
Instead, the rally is a smooth bullish ride when RSI is 85.
Not once or twice, it has been proved for five times in last decade and this is the sixth time RSI is above 85 and IT index at all-time high.
Historically, this structure has supported bulls.
Will you buy Nifty IT index at CMP-34,109?
#KeepItSimple
👍1
After consolidating in June and July, the bulls were out of cattle shed and roaring in August with gains of 8.69% on Nifty, the highest monthly gains so far in 2021.
The fastest 1000 points rally in Nifty is from 16,000 to 17,000 in just 28 days; hits the high of 17,153 before ending the day at 17,132 gaining 1.2%.
The cup and handle technical pattern we highlighted on Friday hits the target of 17,120 as per pattern; but the bullish momentum will continue on Nifty. https://t.me/FastProfitsReport/165
The fear of market breadth in last few weeks witnessed tremendous improvement in favour of bulls as two stocks advance against each decline in last few trading sessions.
As per seasonality analysis, September is the month of bulls as 14 years have been positive against 11 negative with an average gains of 1.07% for last 25years.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The fastest 1000 points rally in Nifty is from 16,000 to 17,000 in just 28 days; hits the high of 17,153 before ending the day at 17,132 gaining 1.2%.
The cup and handle technical pattern we highlighted on Friday hits the target of 17,120 as per pattern; but the bullish momentum will continue on Nifty. https://t.me/FastProfitsReport/165
The fear of market breadth in last few weeks witnessed tremendous improvement in favour of bulls as two stocks advance against each decline in last few trading sessions.
As per seasonality analysis, September is the month of bulls as 14 years have been positive against 11 negative with an average gains of 1.07% for last 25years.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty ends in red after three consecutive bullish days as European indices opens on negative note; ends at 17,076 losing 0.33%.
The psychological resistance of 17,000 mark will act as support now. Index traders can take an opportunity to take longs in the zone of 16,978-17,023.
Nifty Midcap index to Nifty100 ratio chart has just turned northwards indicating the Nifty Midcap index is likely to outperform against Nifty100 in September. Trader and investors need to focus back on Midcaps which are outperforming on 3months basis.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The psychological resistance of 17,000 mark will act as support now. Index traders can take an opportunity to take longs in the zone of 16,978-17,023.
Nifty Midcap index to Nifty100 ratio chart has just turned northwards indicating the Nifty Midcap index is likely to outperform against Nifty100 in September. Trader and investors need to focus back on Midcaps which are outperforming on 3months basis.
Brijesh Bhatia
Research Analyst, Fast Profit Report
A Personal Invitation to My Upcoming Trading Event
On Tuesday, 14th September, I’m holding a special event.
At this event, I’m going to reveal the details of my proprietary trading system for the first time ever.
A system that you could use to potentially ADD tens of thousands of rupees to your monthly income…
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There are no charges to attend this event. It’s completely free.
And since this is an online event, you can attend it safely from the comfort of your home.
Just click on the link below to register for my event for free.
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On Tuesday, 14th September, I’m holding a special event.
At this event, I’m going to reveal the details of my proprietary trading system for the first time ever.
A system that you could use to potentially ADD tens of thousands of rupees to your monthly income…
…Irrespective of whether the market is going up or down.
There are no charges to attend this event. It’s completely free.
And since this is an online event, you can attend it safely from the comfort of your home.
Just click on the link below to register for my event for free.
http://www.eqtm.in/Zg8n5
COMEX Gold Futures rallied by more than $100 after we called it the bottom and bulls should grab this opportunity.
https://t.me/FastProfitsReport/136
It is trading at the crucial hurdle of $1,840, above which the bulls will be energized and $2,000 can be just a few weeks away.
https://t.me/FastProfitsReport/136
It is trading at the crucial hurdle of $1,840, above which the bulls will be energized and $2,000 can be just a few weeks away.
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Fast Profits Daily
Nifty Energy Index is BREAKING OUT OF 62 DAYS FIB TIME CYCLE Do not miss the bullish momentum in Energy Index which has just broken out of 62 days Fibonacci Time Cycle and key psychological level of 20,000 mark. Attached an updated chart of the setup posted…
Nifty Energy Index - Fueling the Nifty Rally
We indicated the move above 20,000 will be the breakout of 62 Days Fibonacci Time Cycle and index is up by more than 6% to hit new all-time high in just 6 trading session and more to come for bulls...
Energy index, esp. Reliance is also fueling the rally in Nifty from 17,100 to 17,400 now.
#KeepItSimple
We indicated the move above 20,000 will be the breakout of 62 Days Fibonacci Time Cycle and index is up by more than 6% to hit new all-time high in just 6 trading session and more to come for bulls...
Energy index, esp. Reliance is also fueling the rally in Nifty from 17,100 to 17,400 now.
#KeepItSimple
Chart of the Day: Can Auto Index rise from the Ashes?
Nifty Auto Index is underperforming against Nifty for last couple of months and barring few stocks, most of the stocks fail to participate in this market rally.
Technically, Nifty Auto Index is breaking out of falling channel formation indicating the bulls might be in action for next leg of rally.
Also it took support at the 200DEMA (Daily Exponential Moving Average) which is placed at 9,792.
The histogram on MACD are above 3months high and positive crossover of an average signals bullish scenario.
At 10,200, the technical structure indicates Auto Index can rise from the ashes but the efforts will go in vain if its breaks 9,700 level.
#KeepItSimple
Nifty Auto Index is underperforming against Nifty for last couple of months and barring few stocks, most of the stocks fail to participate in this market rally.
Technically, Nifty Auto Index is breaking out of falling channel formation indicating the bulls might be in action for next leg of rally.
Also it took support at the 200DEMA (Daily Exponential Moving Average) which is placed at 9,792.
The histogram on MACD are above 3months high and positive crossover of an average signals bullish scenario.
At 10,200, the technical structure indicates Auto Index can rise from the ashes but the efforts will go in vain if its breaks 9,700 level.
#KeepItSimple
Its Unbelievable!
Yes, its unbelievable as the journey from 16,000 to new all-time high of 17,429 for Nifty was in just 23 trading days.
Energy index chart we highlight on 2th August 2021 and follow-up chart on 30th August 2021, index is up by 6+%. Reliance Industries fueled the 100+ points in Nifty rally. Watch chart here https://t.me/FastProfitsReport/181
Bank Nifty underperformance over Nifty prolongs, key level to watch for traders will be 37,069 for bullish momentum.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Yes, its unbelievable as the journey from 16,000 to new all-time high of 17,429 for Nifty was in just 23 trading days.
Energy index chart we highlight on 2th August 2021 and follow-up chart on 30th August 2021, index is up by 6+%. Reliance Industries fueled the 100+ points in Nifty rally. Watch chart here https://t.me/FastProfitsReport/181
Bank Nifty underperformance over Nifty prolongs, key level to watch for traders will be 37,069 for bullish momentum.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Alpha Stocks for Rapid Gains
Some stocks move as if there are boosters attached to them.
If the market moves up by X% in a month…
These stocks move up by 2X% or more…
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And after doing hundreds of experiments and trials, I finally found success.
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On 14th September, I’m going to reveal the complete findings of my 10+ years of research… including the inner working of my trading system…
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You can find all the details here…
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Some stocks move as if there are boosters attached to them.
If the market moves up by X% in a month…
These stocks move up by 2X% or more…
I have done more than 10 years of research to find a way to spot such rapid moving stocks in advance.
And after doing hundreds of experiments and trials, I finally found success.
Yes. I have developed a proven system that helps me detect such fast moving stocks in advance.
On 14th September, I’m going to reveal the complete findings of my 10+ years of research… including the inner working of my trading system…
…at my Alpha Wave Profits special event.
If you are interested in learning it all then join me on 14th September at my special event. It’s FREE to attend.
You can find all the details here…
http://www.eqtm.in/Zg8n5
Bank Nifty hold back the Nifty rally; FMCG and Financial Service take Nifty to hit new-all time high of 17,436.
The hurdle of 17,500 can be crucial for bulls in the truncated week.
RSI trending above 80 is cautious sign for bulls; reversal will confirm only below 17,179.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The hurdle of 17,500 can be crucial for bulls in the truncated week.
RSI trending above 80 is cautious sign for bulls; reversal will confirm only below 17,179.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Bank Nifty at conflux of Technical support
Can an underperformance of Bank Nifty over Nifty end today?
Bank Nifty has been laggard in the recent rally since the start of August 2021. In August, Bank Nifty gained 5.32% while Nifty gained 8.69%.
The short-term chart of Bank Nifty is at the confluence of technical support, AN OPPORTUNITY FOR BULLS to capitalize the setup.
1. Breakout of horizontal trendline, retest and resumption in upward momentum. (blue)
2. Gann Fan 2/1 line (green)
3. Fibonacci retracement at 38.20% of 34,817 to 37,140
The technical structure looks promising for bulls and they should parade the Bank Nifty to new all-time.
The structure fails if the key support level of 36,000 is negated.
#KeepItSimple
Can an underperformance of Bank Nifty over Nifty end today?
Bank Nifty has been laggard in the recent rally since the start of August 2021. In August, Bank Nifty gained 5.32% while Nifty gained 8.69%.
The short-term chart of Bank Nifty is at the confluence of technical support, AN OPPORTUNITY FOR BULLS to capitalize the setup.
1. Breakout of horizontal trendline, retest and resumption in upward momentum. (blue)
2. Gann Fan 2/1 line (green)
3. Fibonacci retracement at 38.20% of 34,817 to 37,140
The technical structure looks promising for bulls and they should parade the Bank Nifty to new all-time.
The structure fails if the key support level of 36,000 is negated.
#KeepItSimple
An unusual scenario on D-street as Bank Nifty outperform against Nifty after long time; Bank Nifty gains 0.82% while Nifty ends on flat note losing 0.05% at 17,353.
Bank Nifty had reversed from the confluence of technical support and likely to head towards the all-time high of 37,708. Watch chart here https://t.me/FastProfitsReport/186
The positive divergence is visible on ratio chart of Bank Nifty by Nifty indicating Bank Nifty is likely to outperform against Nifty in September.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty had reversed from the confluence of technical support and likely to head towards the all-time high of 37,708. Watch chart here https://t.me/FastProfitsReport/186
The positive divergence is visible on ratio chart of Bank Nifty by Nifty indicating Bank Nifty is likely to outperform against Nifty in September.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Profit Hunter - How to Create a Second Income from Trading
My trading system that works in all kinds of markets.
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My trading system that works in all kinds of markets.
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Equitymaster
How to Create a Second Income from Trading - Profit Hunter by Equitymaster
My trading system that works in all kinds of markets.