Nifty Realty Index - The Breakout
I released a video on 9th March 2022 saying it's "Time to Buy Real Estate Stocks". Watch video here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
I highlighted the reversal pattern at 390-410 zone, it hit the low of 389 and up by ~18% from the lows.
The Breakout
As index reversed from the harmonic pattern, the fresh momentum breakout from bullish head and shoulder is visible on chart.
Additionally, the previous high of 456-457 is taken out with gap convince the bullish momentum.
RSI on the lower panel has broken out of the previous highs suggesting the strength in bullish momentum.
Realty index is likely to head above 500 levels and eventually towards new 52W highs.
#KeepItSimple
I released a video on 9th March 2022 saying it's "Time to Buy Real Estate Stocks". Watch video here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
I highlighted the reversal pattern at 390-410 zone, it hit the low of 389 and up by ~18% from the lows.
The Breakout
As index reversed from the harmonic pattern, the fresh momentum breakout from bullish head and shoulder is visible on chart.
Additionally, the previous high of 456-457 is taken out with gap convince the bullish momentum.
RSI on the lower panel has broken out of the previous highs suggesting the strength in bullish momentum.
Realty index is likely to head above 500 levels and eventually towards new 52W highs.
#KeepItSimple
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Nifty - Series of Bullish Head & Shoulder
As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days.
Nifty recovered over 10% from the lows of 15,671 and likely to form the bullish engulfing if it closes above the 17,600 mark today.
Is the March rally above 17,000 to glorify the statement for Mutual Funds?
DII has led this rally even though FII have been seller over Rs.2,30,963crs (Apr'21 to Feb'22). DII has bought Rs.1,81,982cr in cash and the trust of Indians to invest in MF will only multiply and money will continue to flow into the markets.
Technically, the multiple bullish head & shoulder pattern is visible on short-term charts of Nifty indicating the bulls are having an upper hand.
If we consider the targets as per pattern is above 19,000 levels (the height of neckline to head is 1700pts).
The red flag is the death cross in global equity indices as well as India's Midcap & Smallcap index.
#KeepItSimple
As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days.
Nifty recovered over 10% from the lows of 15,671 and likely to form the bullish engulfing if it closes above the 17,600 mark today.
Is the March rally above 17,000 to glorify the statement for Mutual Funds?
DII has led this rally even though FII have been seller over Rs.2,30,963crs (Apr'21 to Feb'22). DII has bought Rs.1,81,982cr in cash and the trust of Indians to invest in MF will only multiply and money will continue to flow into the markets.
Technically, the multiple bullish head & shoulder pattern is visible on short-term charts of Nifty indicating the bulls are having an upper hand.
If we consider the targets as per pattern is above 19,000 levels (the height of neckline to head is 1700pts).
The red flag is the death cross in global equity indices as well as India's Midcap & Smallcap index.
#KeepItSimple
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Fast Profits Daily
Nifty - Series of Bullish Head & Shoulder As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days. Nifty recovered over 10% from the lows of 15,671 and likely…
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NSE Nifty - Series of Bullish Head & Shoulder
Check out the latest ideas and forecasts for NSE Nifty index.
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It has been 2 years since the Covid fall and Nifty gains over 100% since FY2020-21 close; gains ~18% in the FY2021-22 to settle the year at 17,464.
The multiple doji candlestick pattern on quarterly chart indicates the volatile Q1FY2022-2023; traders get ready for roller coaster quarter.
For April; 16,800-17,000 will be the key support area while 17,660-17,824 will be decisive hurdle; either side break will be the trading opportunity.
As per seasonality analysis, April has been the month of bulls with an average gain over 2% for last 26years of data.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The multiple doji candlestick pattern on quarterly chart indicates the volatile Q1FY2022-2023; traders get ready for roller coaster quarter.
For April; 16,800-17,000 will be the key support area while 17,660-17,824 will be decisive hurdle; either side break will be the trading opportunity.
As per seasonality analysis, April has been the month of bulls with an average gain over 2% for last 26years of data.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Here’s a note on the latest status of the ransomeware attack on Equitymaster - https://www.equitymaster.com/
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We have also posted a detailed FAQ on the status of our Portfolio Tracker. Please access here - https://www.equitymaster.com/portfolio/faq.asp
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Fast Profits Daily
Nifty - Series of Bullish Head & Shoulder As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days. Nifty recovered over 10% from the lows of 15,671 and likely…
Nifty bulls are getting stronger day-by-day 📈📈🐎🐎
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Fast Profits Daily
Nifty - Series of Bullish Head & Shoulder As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days. Nifty recovered over 10% from the lows of 15,671 and likely…
Nifty crosses 18,000 mark and going strong 💪🏻📈📈
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BankNifty - The runaway gap 📈
Its the Banking & Financial Serv day as they rally over 3%; thanks to the HDFC Ltd and HDFC Bank merger news which triggered over 10% rally in the stocks.
Technically, Bank Nifty was trading between the canals as I highlighted it in my Telegram post on 25th March 2022 (https://t.me/FastProfitsReport/466).
As I indicated the break of 35,000 or 37,500 will the breakout from the canals, it opened today at ~37,800 and rallied higher forming the bullish runaway gap confirmed by the short covering rally to 38,700+ levels.
The runaway gap is followed by an island reversal (red parallel lines on chart) signaling the bullish tone for the April series.
As per Seasonality analysis, April is the best month for Bank Nifty with 75% strike rate on bullish close in the last 16yrs with an average gains of 4.99%.
The minor hurdle is placed at previous highs of ~39,500.
Summing up the structure, Bank Nifty is ready to head higher with runaway gap & bullish April data.
#KeepItSimple
Its the Banking & Financial Serv day as they rally over 3%; thanks to the HDFC Ltd and HDFC Bank merger news which triggered over 10% rally in the stocks.
Technically, Bank Nifty was trading between the canals as I highlighted it in my Telegram post on 25th March 2022 (https://t.me/FastProfitsReport/466).
As I indicated the break of 35,000 or 37,500 will the breakout from the canals, it opened today at ~37,800 and rallied higher forming the bullish runaway gap confirmed by the short covering rally to 38,700+ levels.
The runaway gap is followed by an island reversal (red parallel lines on chart) signaling the bullish tone for the April series.
As per Seasonality analysis, April is the best month for Bank Nifty with 75% strike rate on bullish close in the last 16yrs with an average gains of 4.99%.
The minor hurdle is placed at previous highs of ~39,500.
Summing up the structure, Bank Nifty is ready to head higher with runaway gap & bullish April data.
#KeepItSimple
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Buy Bitcoin – Sell Gold – Trading Opportunity
Gold was the flavor of Q12022 as US inflation saw an uptick followed by Russia-Ukraine war news.
Gold prices rallied from $1,800 to the high of $2,078 in COMEX futures. At the same time, Bitcoin and Equity markets have corrected and reversed indicating the worst is over.
The comparison chart of Bitcoin Futures and Gold Futures (right chart) indicates the gold may lose its shine over Bitcoin. The slope of Gold prices is in a negative biased while an inverse price action on Bitcoin.
The daily chart of Bitcoin Futures (left) has just broken out from the bullish pattern called double bottom. The prices broke above the neckline at $45,000 mark, retest and resumed its bullish momentum.
What is more convincing for me is the double bottom breakout is right at 62 trading days which is the Fibonacci time-cycle breakout too.
Additionally, it is now trading above its long-term 200DEMA multiplying our stance on Bitcoin over Gold.
#KeepItSimple
Gold was the flavor of Q12022 as US inflation saw an uptick followed by Russia-Ukraine war news.
Gold prices rallied from $1,800 to the high of $2,078 in COMEX futures. At the same time, Bitcoin and Equity markets have corrected and reversed indicating the worst is over.
The comparison chart of Bitcoin Futures and Gold Futures (right chart) indicates the gold may lose its shine over Bitcoin. The slope of Gold prices is in a negative biased while an inverse price action on Bitcoin.
The daily chart of Bitcoin Futures (left) has just broken out from the bullish pattern called double bottom. The prices broke above the neckline at $45,000 mark, retest and resumed its bullish momentum.
What is more convincing for me is the double bottom breakout is right at 62 trading days which is the Fibonacci time-cycle breakout too.
Additionally, it is now trading above its long-term 200DEMA multiplying our stance on Bitcoin over Gold.
#KeepItSimple
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The D-street witness profit booking in blue-chip stocks as Nifty ends at 17,957 losing 0.53%.
The flavor of cash stocks is back on D-street as Midcap and Smallcap index gains 1.4% and 0.85% respectively.
Bearish Black Swan harmonic reversal pattern is visible on short-term chart of Nifty. The reversal is supported by overbought Relative Strength Index (RSI). The test of 17,794-17,737 zone can be on cards this week.
Bitcoin can be an excellent trading opportunity as it breaks out of double bottom pattern. Read my note here https://t.me/FastProfitsReport/485
Brijesh Bhatia
Research Analyst, Fast Profit Report
The flavor of cash stocks is back on D-street as Midcap and Smallcap index gains 1.4% and 0.85% respectively.
Bearish Black Swan harmonic reversal pattern is visible on short-term chart of Nifty. The reversal is supported by overbought Relative Strength Index (RSI). The test of 17,794-17,737 zone can be on cards this week.
Bitcoin can be an excellent trading opportunity as it breaks out of double bottom pattern. Read my note here https://t.me/FastProfitsReport/485
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Bank Nifty @ Demand Zone
After the gap-up opening on Monday on the back of HDFC twins, index broke out of the canals with gap.
The gapping play pattern has been retested in today's dip at ~37,500 levels. The gapping play pattern is the candlestick pattern with large body candle after the gap-up opening.
As market is trending bullish, the support will be the demand zone at 37,500-37,600 levels.
The slope of 50HEMA is in the northwards momentum strengthening the bulls.
Stochastic, the momentum indicator has moved into the oversold territory while price at support is an opportunity for bulls.
Traders can grab this opportunity and expect resumption in an upward momentum.
#KeepItSimple
After the gap-up opening on Monday on the back of HDFC twins, index broke out of the canals with gap.
The gapping play pattern has been retested in today's dip at ~37,500 levels. The gapping play pattern is the candlestick pattern with large body candle after the gap-up opening.
As market is trending bullish, the support will be the demand zone at 37,500-37,600 levels.
The slope of 50HEMA is in the northwards momentum strengthening the bulls.
Stochastic, the momentum indicator has moved into the oversold territory while price at support is an opportunity for bulls.
Traders can grab this opportunity and expect resumption in an upward momentum.
#KeepItSimple
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Nifty slips below 17,800 to retest the breakout level and gap area; ends at 17,807 losing 0.83%.
As I highlighted in the yesterday’s closing note, the bearish harmonic pattern suggested the test of 17,794-17.737 zone.
Index is likely to take the support at gap area and resume it bullish momentum towards 18,000 levels.
Bank Nifty has retested the gapping play pattern and bullish momentum might resume soon. Watch chart here https://t.me/FastProfitsReport/488
Brijesh Bhatia
Research Analyst, Fast Profit Report
As I highlighted in the yesterday’s closing note, the bearish harmonic pattern suggested the test of 17,794-17.737 zone.
Index is likely to take the support at gap area and resume it bullish momentum towards 18,000 levels.
Bank Nifty has retested the gapping play pattern and bullish momentum might resume soon. Watch chart here https://t.me/FastProfitsReport/488
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Hi,
If you are a subscriber of Fast Profits Report, do not miss out on this month's edition scheduled to hit your mailboxes later today.
In this edition, I will discuss:
An unknown but profitable financial marriage.
When interest rates go up these stocks go up too.
One of the best trading opportunities in the market.
We are also making a new reco on one of the most outperforming utility company in the country.
So do keep an eye out for a mail in this regard.
If you are a subscriber of Fast Profits Report, do not miss out on this month's edition scheduled to hit your mailboxes later today.
In this edition, I will discuss:
An unknown but profitable financial marriage.
When interest rates go up these stocks go up too.
One of the best trading opportunities in the market.
We are also making a new reco on one of the most outperforming utility company in the country.
So do keep an eye out for a mail in this regard.
👍52
Fast Profits Daily
Bank Nifty @ Demand Zone After the gap-up opening on Monday on the back of HDFC twins, index broke out of the canals with gap. The gapping play pattern has been retested in today's dip at ~37,500 levels. The gapping play pattern is the candlestick pattern…
Bank Nifty - The Bulls are Commanding
As I highlighted the demand zone in yesterday's post, Bank Nifty after opening with gap-down reversed from demand zone.
Index opened at 37,500 and slides to the low of 37,346 in the first couple of minutes but holds the demand zone support and turns northwards to hit the high of 37,975.
It took support at the gap area and 50HEMA which was placed at 37,252. Though index resisted at the key psychological level of 38,000, it has managed to cross previous day high of 37,868.
As we are on weekly expiry day, 38000CE holds the highest OI (7th Apr expiry), the writers are managing it to keep below 38,000.
Any move above 38,132, index may witness short covering rally in the later hours of the day.
The stochastic indicator is also trending bullish suggesting the bulls are in control of the momentum.
If 37,200-37,350 zone is not broken, traders can even expect 39,000-39,500 zone in the coming weeks.
#KeepItSimple
As I highlighted the demand zone in yesterday's post, Bank Nifty after opening with gap-down reversed from demand zone.
Index opened at 37,500 and slides to the low of 37,346 in the first couple of minutes but holds the demand zone support and turns northwards to hit the high of 37,975.
It took support at the gap area and 50HEMA which was placed at 37,252. Though index resisted at the key psychological level of 38,000, it has managed to cross previous day high of 37,868.
As we are on weekly expiry day, 38000CE holds the highest OI (7th Apr expiry), the writers are managing it to keep below 38,000.
Any move above 38,132, index may witness short covering rally in the later hours of the day.
The stochastic indicator is also trending bullish suggesting the bulls are in control of the momentum.
If 37,200-37,350 zone is not broken, traders can even expect 39,000-39,500 zone in the coming weeks.
#KeepItSimple
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Nasdaq - In the Bulls territory
The US markets are retracing after the March end rally.
Nasdaq has hit the highs of 15,265 after I posted the bullish harmonic pattern when it reversed from ~13,100 mark. Watch chart here https://t.me/FastProfitsReport/425
Index have retraced by 38.20% Fibonacci level of the previous rally at ~14,300 levels and entered into the bulls territory.
The bullish Dow theory structure of higher high - higher low has been retested and the momentum has reversed back to 14,500 levels.
Index is taking supported at 200HSMA which is placed at 14,245 levels.
The bullish or positive divergence on RSI strengthens the view of reversal from demand zone which could index back above 15,000 mark.
#KeepItSimple
The US markets are retracing after the March end rally.
Nasdaq has hit the highs of 15,265 after I posted the bullish harmonic pattern when it reversed from ~13,100 mark. Watch chart here https://t.me/FastProfitsReport/425
Index have retraced by 38.20% Fibonacci level of the previous rally at ~14,300 levels and entered into the bulls territory.
The bullish Dow theory structure of higher high - higher low has been retested and the momentum has reversed back to 14,500 levels.
Index is taking supported at 200HSMA which is placed at 14,245 levels.
The bullish or positive divergence on RSI strengthens the view of reversal from demand zone which could index back above 15,000 mark.
#KeepItSimple
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Nifty - Getting ready for 18K
The week have been volatile with the gap-up opening and reclaiming 18K levels, but the rally faded back to ~17,600 levels.
Bulls are grabbing the dip as it retests the support zone of 17,600-17,650.
The reversal momentum from support zone indicates the resumption in bullish trend. It is supported by northwards slope of RSI.
Bulls are in control of the momentum and 18,000 levels can be on cards in till 17,545 levels is held.
(CMP-17,715)
#KeepItSimple
The week have been volatile with the gap-up opening and reclaiming 18K levels, but the rally faded back to ~17,600 levels.
Bulls are grabbing the dip as it retests the support zone of 17,600-17,650.
The reversal momentum from support zone indicates the resumption in bullish trend. It is supported by northwards slope of RSI.
Bulls are in control of the momentum and 18,000 levels can be on cards in till 17,545 levels is held.
(CMP-17,715)
#KeepItSimple
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Fast Profits Daily
Nifty - Getting ready for 18K The week have been volatile with the gap-up opening and reclaiming 18K levels, but the rally faded back to ~17,600 levels. Bulls are grabbing the dip as it retests the support zone of 17,600-17,650. The reversal momentum from…
Nifty 17,715 to 17,820.....More to come for Bulls 📈
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