FMCG Index - 102 Not Out
FMCG have underperformed against the Nifty50 since the pandemic lows as ITC and HUL which collectively contribute over 50% to FMCG index have been hovering in the range.
But, the things are changing on charts....
FMCG Weekly Chart
Index took support at the long-term trendline at 33,500-34,000 zone and reversed in the last few weeks. The hurdle is placed at 38,500.
If the index moves above those levels, the bulls will accelerate the momentum higher.
Another indicator is that the bullish range-shift on RSI strengthens the bullish trend.
FMCG/Nifty50 Ratio Chart
An underperformance of FMCG index ends after 102 weeks over Nifty as the ratio is turning the tide in last few weeks.
The lower higher - lower low bearish trend ends on ratio chart indicating the trend is reversing for FMCG index.
As FMCG index is trending bullish and ratio chart indicates the beginning of an outperformance over Nifty50, FMCG stocks should be on watchlist for traders and investors.
#KeepItSimple
FMCG have underperformed against the Nifty50 since the pandemic lows as ITC and HUL which collectively contribute over 50% to FMCG index have been hovering in the range.
But, the things are changing on charts....
FMCG Weekly Chart
Index took support at the long-term trendline at 33,500-34,000 zone and reversed in the last few weeks. The hurdle is placed at 38,500.
If the index moves above those levels, the bulls will accelerate the momentum higher.
Another indicator is that the bullish range-shift on RSI strengthens the bullish trend.
FMCG/Nifty50 Ratio Chart
An underperformance of FMCG index ends after 102 weeks over Nifty as the ratio is turning the tide in last few weeks.
The lower higher - lower low bearish trend ends on ratio chart indicating the trend is reversing for FMCG index.
As FMCG index is trending bullish and ratio chart indicates the beginning of an outperformance over Nifty50, FMCG stocks should be on watchlist for traders and investors.
#KeepItSimple
👍21❤1
Fast Profits Daily
Fast Profits Daily - Paper Stocks Are on Fire Paper Stocks are looking bullish on the charts. Should you trade them? Watch this video first... http://www.eqtm.in/f9YRy
Paper Stocks are back in action.
Do not miss the rally!
Do not miss the rally!
👍7❤1
Nifty IT Index - Do-or-Die for Bulls
IT index have corrected over 10% in the last 8 trading sessions, the biggest in today's session as Infosys opens and trades over 7% down on NSE at 12pm IST.
The recent fall is awful for bulls as the technical structure signs of more correction on cards, if 32,000 is taken out.
Technically, the structure defines the distribution as per the Wyckoff theory.
The recent fall if prolongs below the previous low ~32,400, it confirms the Sign of Weakness (SOW) and the previous swing high will be the Last Point of Selling (LPSY) as per theory.
It means the future bounce will be the short-on-rise setup for IT index.
But, there is something for bulls too.
The 262DMA (Daily Moving Average) acts as major support and resistance for the long-term trend and index is trading right around the average.
Additionally, the RSI is trending in an oversold territory.
Bulls need to protect the 32,000-32,400 zone, else its will be the bears year for IT index.
#KeepItSimple
IT index have corrected over 10% in the last 8 trading sessions, the biggest in today's session as Infosys opens and trades over 7% down on NSE at 12pm IST.
The recent fall is awful for bulls as the technical structure signs of more correction on cards, if 32,000 is taken out.
Technically, the structure defines the distribution as per the Wyckoff theory.
The recent fall if prolongs below the previous low ~32,400, it confirms the Sign of Weakness (SOW) and the previous swing high will be the Last Point of Selling (LPSY) as per theory.
It means the future bounce will be the short-on-rise setup for IT index.
But, there is something for bulls too.
The 262DMA (Daily Moving Average) acts as major support and resistance for the long-term trend and index is trading right around the average.
Additionally, the RSI is trending in an oversold territory.
Bulls need to protect the 32,000-32,400 zone, else its will be the bears year for IT index.
#KeepItSimple
👍30❤6
Indian markets dip over 2% on the back IT index (-4.21%) and HDFC twins which fell ~4.75%; Nifty ends at 17,173 losing 1.73%.
Nifty took support at key psychological and technical level of 17,000 mark. The bullish harmonic at 200HSMA (Hourly Simple Moving Average) and gap support indicates the reversal on cards. The hourly RSI fell below 15, which is an extreme oversold territory.
FMCG is outperforming and ending the 102 weeks of underperformance; the reversal in Nifty can be lead by an outperformance of FMCG. Watch chart here https://t.me/FastProfitsReport/501?single
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty took support at key psychological and technical level of 17,000 mark. The bullish harmonic at 200HSMA (Hourly Simple Moving Average) and gap support indicates the reversal on cards. The hourly RSI fell below 15, which is an extreme oversold territory.
FMCG is outperforming and ending the 102 weeks of underperformance; the reversal in Nifty can be lead by an outperformance of FMCG. Watch chart here https://t.me/FastProfitsReport/501?single
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍25❤1
Nifty - The Time Cycle Reversal
Indian benchmark index Nifty rallied over 15% from the lows of 15,671 to 18,114 in a span of a month, but the reversal was swift too as it hit the low of 17,067 yesterday.
On daily chart, index is at time-cycle reversal zone which is likely today.
With time-cycle reversal, index is trading at support line of 17,000 levels with the slope of 200DEMA (High & Low) trending higher.
Historically, this DEMA band has huge success in defining the trend.
On hourly chart, the bullish harmonic pattern is visible at yesterday's low indicates the reversal on cards.
The bullish harmonic is formed at the key psychological level of 17,000 and gap-support.
Additionally, the band of 234MA - High & Low offers an excellent risk-reward trading opportunity.
RSI, the strength of momentum is in oversold territory signaling the reversal on cards with bullish structure at multiple support zone.
Considering +/- 1day for time-cycle theory, reversal seems convincing on D-street.
#KeepItSimple
Indian benchmark index Nifty rallied over 15% from the lows of 15,671 to 18,114 in a span of a month, but the reversal was swift too as it hit the low of 17,067 yesterday.
On daily chart, index is at time-cycle reversal zone which is likely today.
With time-cycle reversal, index is trading at support line of 17,000 levels with the slope of 200DEMA (High & Low) trending higher.
Historically, this DEMA band has huge success in defining the trend.
On hourly chart, the bullish harmonic pattern is visible at yesterday's low indicates the reversal on cards.
The bullish harmonic is formed at the key psychological level of 17,000 and gap-support.
Additionally, the band of 234MA - High & Low offers an excellent risk-reward trading opportunity.
RSI, the strength of momentum is in oversold territory signaling the reversal on cards with bullish structure at multiple support zone.
Considering +/- 1day for time-cycle theory, reversal seems convincing on D-street.
#KeepItSimple
👍45❤11
Join My First Ever Telegram Livestream
Indian markets have been volatile with gap-up and gap-down openings. This is risky for any trader.
As we step into the monthly expiry week, index trends are very important to watch.
On Friday, 22 April 2022, at 5 pm IST, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
My goal with this livestream is to share ideas where the technical structure could offer good trading opportunities for May 2022.
Mark your calendar for Friday, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Indian markets have been volatile with gap-up and gap-down openings. This is risky for any trader.
As we step into the monthly expiry week, index trends are very important to watch.
On Friday, 22 April 2022, at 5 pm IST, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
My goal with this livestream is to share ideas where the technical structure could offer good trading opportunities for May 2022.
Mark your calendar for Friday, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Telegram
Fast Profits Daily
Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
Channel for educational purposes only read our Terms on Equitymaster.com
Channel for educational purposes only read our Terms on Equitymaster.com
👍37❤3
Nifty reverse on D-street after the ferocious sell-off in the last hour yesterday; reclaims 17,100 to settle at 17,136 gaining 1.05%.
Index took support at 200DEMA (Daily Exponential Moving Average) placed at 16,840.
The major hurdle for bulls will be the gap area of 17,250-17,450, above which the low of 16,824 will be the short-term bottom in place for 18,000 levels.
As per the time-cycle, the bearish momentum may take a pause till 16,800 is not breached.
Bank Nifty took support at 36,000 levels; expecting the short covering rally towards 37,112-37,367 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index took support at 200DEMA (Daily Exponential Moving Average) placed at 16,840.
The major hurdle for bulls will be the gap area of 17,250-17,450, above which the low of 16,824 will be the short-term bottom in place for 18,000 levels.
As per the time-cycle, the bearish momentum may take a pause till 16,800 is not breached.
Bank Nifty took support at 36,000 levels; expecting the short covering rally towards 37,112-37,367 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍29❤3
Forwarded from Equitymaster
Dear Valued Member,
www.EquityMaster.com is now LIVE.
It’s been a trying 4 weeks since the dastardly ransomware attack.
But we are happy that we are starting to put this behind us. I know you are too.
Thank you once again for all your patience and support even as we dealt with the situation.
As you read this, the extremely dedicated Equitymaster team continues to work flat out to ensure that your overall experience continues to improve in the days and weeks to come.
This is a complete rebuild effort. So, if you encounter any issues, please do write to us at info@equitymaster.com.
Know that each and every feedback and suggestion will be dealt with promptly.
Go ahead visit www.Equitymaster.com now... and access all our honest and credible research. (Before you access the premium section on Equitymaster, you will need to reset your password - https://www.equitymaster.com/Subscription/ResetPassword.aspx?email= .)
Finally a word on the Portfolio Tracker.
We are laying out plans to rebuild the portfolio tracker. With super strong safety features. We also plan to offer tools to make it easy for you to upload your data into the new Portfolio Tracker seamlessly.
A detailed FAQ on the current status of the Portfolio Tracker is available here...
https://www.equitymaster.com/portfolio/faq.asp
Before I sign off, I would once again like to thank you for all your patience and support.
Warm Regards,
Rahul Goel
CEO, Equitymaster Agora Research Private Limited (Research Analyst)
PS: Do send in all your comments and questions...If you prefer to talk to us, just give us a missed call at +91-9136015013 and one of my colleagues will call you right back.
www.EquityMaster.com is now LIVE.
It’s been a trying 4 weeks since the dastardly ransomware attack.
But we are happy that we are starting to put this behind us. I know you are too.
Thank you once again for all your patience and support even as we dealt with the situation.
As you read this, the extremely dedicated Equitymaster team continues to work flat out to ensure that your overall experience continues to improve in the days and weeks to come.
This is a complete rebuild effort. So, if you encounter any issues, please do write to us at info@equitymaster.com.
Know that each and every feedback and suggestion will be dealt with promptly.
Go ahead visit www.Equitymaster.com now... and access all our honest and credible research. (Before you access the premium section on Equitymaster, you will need to reset your password - https://www.equitymaster.com/Subscription/ResetPassword.aspx?email= .)
Finally a word on the Portfolio Tracker.
We are laying out plans to rebuild the portfolio tracker. With super strong safety features. We also plan to offer tools to make it easy for you to upload your data into the new Portfolio Tracker seamlessly.
A detailed FAQ on the current status of the Portfolio Tracker is available here...
https://www.equitymaster.com/portfolio/faq.asp
Before I sign off, I would once again like to thank you for all your patience and support.
Warm Regards,
Rahul Goel
CEO, Equitymaster Agora Research Private Limited (Research Analyst)
PS: Do send in all your comments and questions...If you prefer to talk to us, just give us a missed call at +91-9136015013 and one of my colleagues will call you right back.
👍10❤3
Realty Index - Building the higher base
I have released the video in the second week of March 2022 stating "Time to Buy Real Estate Stocks". Index rallied over 20% post video. Watch here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
Index has retraced again to 442 levels. This retracement is 38.20% Fibonacci level of the recent rally from 389 to 482.
The bullish reversal candlestick pattern "Bullish Harami Cross" is visible right at the support of Fibonacci retracement.
Additionally, the long-term moving average of 200DEMA placed at 443 acting as support zone for bulls.
The reversal candlestick pattern at long-term moving average and Fibonacci retracement strengthens the higher base on chart.
The momentum indicator Stochastic is supporting bulls as the positive crossover signals bullish opportunity.
#KeepItSimple
I have released the video in the second week of March 2022 stating "Time to Buy Real Estate Stocks". Index rallied over 20% post video. Watch here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
Index has retraced again to 442 levels. This retracement is 38.20% Fibonacci level of the recent rally from 389 to 482.
The bullish reversal candlestick pattern "Bullish Harami Cross" is visible right at the support of Fibonacci retracement.
Additionally, the long-term moving average of 200DEMA placed at 443 acting as support zone for bulls.
The reversal candlestick pattern at long-term moving average and Fibonacci retracement strengthens the higher base on chart.
The momentum indicator Stochastic is supporting bulls as the positive crossover signals bullish opportunity.
#KeepItSimple
👍25
Join My First Ever Telegram Livestream
At 5 pm IST tomorrow, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I will share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
Make a note. Tomorrow, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
At 5 pm IST tomorrow, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I will share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
Make a note. Tomorrow, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Telegram
Fast Profits Daily
Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
Channel for educational purposes only read our Terms on Equitymaster.com
Channel for educational purposes only read our Terms on Equitymaster.com
👍26❤2
Join My First Ever Telegram Livestream
At 5 pm TODAY, I will go live on Telegram to share my views on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I also plan to share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
All you will need to do is accept the Telegram alert to join the livestream at 5pm TODAY…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
At 5 pm TODAY, I will go live on Telegram to share my views on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I also plan to share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
All you will need to do is accept the Telegram alert to join the livestream at 5pm TODAY…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Telegram
Fast Profits Daily
Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
Channel for educational purposes only read our Terms on Equitymaster.com
Channel for educational purposes only read our Terms on Equitymaster.com
👍12
Bank Nifty - The Strangle at Play
Bank Nifty is one of the most underperforming sectorial indices against Nifty since February 2021.
The recent momentum in Nifty is lead by Reliance while the correction in HDFC Bank (weightage of ~28%) kept Bank Nifty under pressure.
Technically, index is trending between the canals of gaps with resistance placed at 37,400 and support at 35,800.
The rise yesterday resisted at the key psychological of 37,000 and 100HEMA (Hourly Exponential Moving Average) which was placed at 36,914.
Additionally, the less tracked 22 degrees rising trendline has support placed at 36,200 around the gap area.
As an option trader, the best strategy to play the setup is the short strangle till the index continues to trade in the mentioned range.
Traders must understand the risk involved in shorting the options as the risk is unlimited and it is advised to trade with strict stoploss.
#KeepItSimple
Bank Nifty is one of the most underperforming sectorial indices against Nifty since February 2021.
The recent momentum in Nifty is lead by Reliance while the correction in HDFC Bank (weightage of ~28%) kept Bank Nifty under pressure.
Technically, index is trending between the canals of gaps with resistance placed at 37,400 and support at 35,800.
The rise yesterday resisted at the key psychological of 37,000 and 100HEMA (Hourly Exponential Moving Average) which was placed at 36,914.
Additionally, the less tracked 22 degrees rising trendline has support placed at 36,200 around the gap area.
As an option trader, the best strategy to play the setup is the short strangle till the index continues to trade in the mentioned range.
Traders must understand the risk involved in shorting the options as the risk is unlimited and it is advised to trade with strict stoploss.
#KeepItSimple
👍38
Nifty - Chart discussed yesterday in Telegram Live
Levels to watch for next week - 16750-17550 zone will be the trend decider.
Levels to watch for next week - 16750-17550 zone will be the trend decider.
❤18👍18