Let me know what you thought about my LIVE Training session on Telegram.
Anonymous Poll
38%
Yes, It was very good!
2%
No, I did not find it useful
4%
Hmmm...Not sure
56%
No view. I missed the session!
👍35❤10
IT Index - Resumption in Bearish Momentum
IT index has corrected over 10% this month lead by Infosys (-18%), TechM (-15%) and Wipro (-11%) so far.
I did a video last week indicating GoodBye Bulls in IT Sector and index is now resuming the bearish momentum in todays session.
Watch video here https://youtu.be/AcwDAmbuFq4
The distribution phase of Wyckoff theory is in place on chart of IT sector signaling the bears are having an upper hand of the trend.
The gap-down opening today resumes the bearish momentum on IT stocks and these stocks are the shorting stocks as the large-caps are leading the way lower.
I believe, IT stocks are in short on rise opportunity phase as most of them are in F&O segment.
Incase, we close below 31,500 on IT index, the momentum could accelerate in the short term.
#KeepItSimple
IT index has corrected over 10% this month lead by Infosys (-18%), TechM (-15%) and Wipro (-11%) so far.
I did a video last week indicating GoodBye Bulls in IT Sector and index is now resuming the bearish momentum in todays session.
Watch video here https://youtu.be/AcwDAmbuFq4
The distribution phase of Wyckoff theory is in place on chart of IT sector signaling the bears are having an upper hand of the trend.
The gap-down opening today resumes the bearish momentum on IT stocks and these stocks are the shorting stocks as the large-caps are leading the way lower.
I believe, IT stocks are in short on rise opportunity phase as most of them are in F&O segment.
Incase, we close below 31,500 on IT index, the momentum could accelerate in the short term.
#KeepItSimple
👍26❤1
Forwarded from Equitymaster
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Dear Valued Member:
Just a short while ago, we took a major step in our post ransomware recovery process.
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We have gone LIVE with the Portfolio Tracker. With all your data intact.
Yes, we have restored the portfolio tracker service for you, dear reader.
This was made possible with support from our partners in the US.
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If you have any questions and comments related to the Portfolio Tracker, as always, just drop us a line at info@equitymaster.com and our team will look into it right away.
Before I sign off, I want to address the point about integrity of our data going forward.
You see, while we had what we believed to be the best-in-class systems to protect our systems and data, we still suffered from the targeted ransomware attack.
Clearly, we need to do a lot more.
You have our commitment that we are doing everything that we can do to make our systems safe and secure.
Finally, I know that the fear of ‘loss’ of your portfolio tracker data caused you a lot of anguish.
On behalf of the entire team at Equitymaster, I apologise for the same.
I hope, as in the past, you will continue to visit Equitymaster for honest and credible opinions on investing...and, for tracking your stocks and mutual fund portfolios.
Warm regards
Rahul Goel
CEO, Equitymaster
Dear Valued Member:
Just a short while ago, we took a major step in our post ransomware recovery process.
Here goes...
We have gone LIVE with the Portfolio Tracker. With all your data intact.
Yes, we have restored the portfolio tracker service for you, dear reader.
This was made possible with support from our partners in the US.
I now invite you to visit the Portfolio Tracker and access all your reports as you normally would.
https://www.EquityMaster.com/portfolio
If you have any questions and comments related to the Portfolio Tracker, as always, just drop us a line at info@equitymaster.com and our team will look into it right away.
Before I sign off, I want to address the point about integrity of our data going forward.
You see, while we had what we believed to be the best-in-class systems to protect our systems and data, we still suffered from the targeted ransomware attack.
Clearly, we need to do a lot more.
You have our commitment that we are doing everything that we can do to make our systems safe and secure.
Finally, I know that the fear of ‘loss’ of your portfolio tracker data caused you a lot of anguish.
On behalf of the entire team at Equitymaster, I apologise for the same.
I hope, as in the past, you will continue to visit Equitymaster for honest and credible opinions on investing...and, for tracking your stocks and mutual fund portfolios.
Warm regards
Rahul Goel
CEO, Equitymaster
👍6
Banking Index - The Candlestick Reversal
Banking stocks are outperforming against the benchmark index Nifty in last couple of days. Though Nifty ended on negative note yesterday, Bank Nifty ended in green on the back of private banks.
The Private Bank Index and PSU Bank Index are forming the bullish reversal candlestick pattern.
On Private Bank Index, the bullish meeting lines candlestick pattern is visible on daily chart. The pattern formed at the 50% Fibonacci retracement of the previous rally from 16,300 to 19,600. The momentum indicator Stochastic is turning bullish in an oversold territory supporting the reversal structure.
On PSU Bank Index, the probable Morning Star bullish reversal candlestick pattern is visible on charts. The bullish reversal candle is forming at the 100DEMA. Stochastic is in oversold territory and the slope may turn northwards signaling the bullish tone.
The bullish reversal on Private as well as PSU Bank index indicates the bullish scenario for the May series.
#KeepItSimple
Banking stocks are outperforming against the benchmark index Nifty in last couple of days. Though Nifty ended on negative note yesterday, Bank Nifty ended in green on the back of private banks.
The Private Bank Index and PSU Bank Index are forming the bullish reversal candlestick pattern.
On Private Bank Index, the bullish meeting lines candlestick pattern is visible on daily chart. The pattern formed at the 50% Fibonacci retracement of the previous rally from 16,300 to 19,600. The momentum indicator Stochastic is turning bullish in an oversold territory supporting the reversal structure.
On PSU Bank Index, the probable Morning Star bullish reversal candlestick pattern is visible on charts. The bullish reversal candle is forming at the 100DEMA. Stochastic is in oversold territory and the slope may turn northwards signaling the bullish tone.
The bullish reversal on Private as well as PSU Bank index indicates the bullish scenario for the May series.
#KeepItSimple
👍16
Market swings in a range; Reliance leads the day for Nifty to settle at 17,200 gaining 1.46%.
As I highlighted in the Telegram Live, index is expected to trade in the range for the expiry; it hovers in the range of 16,800-17,500. https://t.me/FastProfitsReport/521?single
Nifty reversed from 200DEMA and forms the higher low yesterday at 16,888. The gap area is playing key support zone.
An island reversal and Morning-star bullish reversal candlestick on daily chart of Nifty indicates the bulls are having an upper hand.
US markets reversed last night indicating the bullish momentum on Wallstreet. If the bullish momentum continues today, Nifty may head towards 17,400-17,450 zone ahead of monthly expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
As I highlighted in the Telegram Live, index is expected to trade in the range for the expiry; it hovers in the range of 16,800-17,500. https://t.me/FastProfitsReport/521?single
Nifty reversed from 200DEMA and forms the higher low yesterday at 16,888. The gap area is playing key support zone.
An island reversal and Morning-star bullish reversal candlestick on daily chart of Nifty indicates the bulls are having an upper hand.
US markets reversed last night indicating the bullish momentum on Wallstreet. If the bullish momentum continues today, Nifty may head towards 17,400-17,450 zone ahead of monthly expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍8❤6
Indian markets opens with the gap-down and trades in the range; Nifty settles at 17,038 losing 0.94%.
The morning-star bullish reversal candlestick pattern on Nifty at 16,888 indicates the bulls are having an upper hand with higher-low structure.
The bullish harmonic pattern on short-term chart of Nifty at 16,970 targets 17,184 for the recent momentum.
An addition in 17000PE signals the support for bulls while the writing from 17100CE to 17500CE indicates the rangebound expiry.
The Best Sector to buy in May 2022, follow our YouTube channel as I release the video today. https://www.youtube.com/user/eqtmonline/videos
Brijesh Bhatia
Research Analyst, Fast Profit Report
The morning-star bullish reversal candlestick pattern on Nifty at 16,888 indicates the bulls are having an upper hand with higher-low structure.
The bullish harmonic pattern on short-term chart of Nifty at 16,970 targets 17,184 for the recent momentum.
An addition in 17000PE signals the support for bulls while the writing from 17100CE to 17500CE indicates the rangebound expiry.
The Best Sector to buy in May 2022, follow our YouTube channel as I release the video today. https://www.youtube.com/user/eqtmonline/videos
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍16
Bank Nifty - Bulls are ready for 38,000+
Bank Nifty has been underperforming Nifty for over the year now. The trend is likely to reverse in the short-term.
The multiple bullish harmonic pattern - Bullish White Swan (black) and Bullish Bat (pink). The harmonic patterns are reversal patterns calculated using various Fibonacci retracements and projections.
The bullish White Swan and Bat completed at ~35,500 levels and the sustainable move around 36,000 is confirming the structure.
Additionally, the patterns have completed at long-term 200DEMA and the positive crossover on momentum indicator, Stochastic is confirming the reversal.
Bank Nifty bulls are getting ready to take index towards 38,000-38,800 levels in the May series. The harmonic pattern will negate on the close below 35,950.
I also recorded the video as Banking Stocks are the Best trades of the Month highlighting the Private Bank Index as well as PSU Bank Index. Watch here https://www.youtube.com/watch?v=DYd4H_ua0fw
(CMP-36,035)
#KeepItSimple
Bank Nifty has been underperforming Nifty for over the year now. The trend is likely to reverse in the short-term.
The multiple bullish harmonic pattern - Bullish White Swan (black) and Bullish Bat (pink). The harmonic patterns are reversal patterns calculated using various Fibonacci retracements and projections.
The bullish White Swan and Bat completed at ~35,500 levels and the sustainable move around 36,000 is confirming the structure.
Additionally, the patterns have completed at long-term 200DEMA and the positive crossover on momentum indicator, Stochastic is confirming the reversal.
Bank Nifty bulls are getting ready to take index towards 38,000-38,800 levels in the May series. The harmonic pattern will negate on the close below 35,950.
I also recorded the video as Banking Stocks are the Best trades of the Month highlighting the Private Bank Index as well as PSU Bank Index. Watch here https://www.youtube.com/watch?v=DYd4H_ua0fw
(CMP-36,035)
#KeepItSimple
👍32
Nifty and Bank Nifty view shared in Live Telegram session last Friday -
Played exactly the way charts were highlighting - The Short Strangle Strategy
Do you wish to attend more Live session?
Played exactly the way charts were highlighting - The Short Strangle Strategy
Do you wish to attend more Live session?
Anonymous Poll
89%
Yes
4%
No
7%
May be
👍30❤8
The tug-of war between bulls and bears as Nifty hovers in the range of 17,300-16,900 in the expiry week; settles the day at 17,245 gaining 1.21%.
Index holds 200DEMA and forms bullish harmonic pattern followed by triangle breakout signaling the bullish continuation pattern.
The recent low of 16,824 can be the base for the May series on Nifty.
The multiple bullish Harmonic pattern on Bank Nifty indicates the bulls are getting ready for 38,000 levels. Watch chart here https://t.me/FastProfitsReport/534
Banking can be the Sector of the Month for May. Watch video here https://www.youtube.com/watch?v=DYd4H_ua0fw
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index holds 200DEMA and forms bullish harmonic pattern followed by triangle breakout signaling the bullish continuation pattern.
The recent low of 16,824 can be the base for the May series on Nifty.
The multiple bullish Harmonic pattern on Bank Nifty indicates the bulls are getting ready for 38,000 levels. Watch chart here https://t.me/FastProfitsReport/534
Banking can be the Sector of the Month for May. Watch video here https://www.youtube.com/watch?v=DYd4H_ua0fw
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍21❤7
Nifty Infra Index - Breakout above 5,300
Infra index have been outperforming against the Nifty since the last swing low on 8th March 2022. Infra index is up by 15% whereas Nifty is up by 10% at 10am IST today.
Infra index after breaking the 13years consolidation is heading higher and outperformance over Nifty means the money is flowing into infra stocks.
I highlighted the breakout and bullish short-term breakout in my previous post here. https://t.me/FastProfitsReport/146
Index is on the verge of fresh breakout at 5,300 from multiple patterns.
1. The breakout from double-top buy as per Point & Figure chart (blue lines on chart).
2. The consolidation with the bullish column indicates the bulls are still in control of trend. The breakout of high will trigger the bullish momentum and head above the previous high of 5,362. (black lines on chart).
As soon as index breaks above 5,300, it opens the door for 5,700-6,000 levels.
#KeepItSimple
Infra index have been outperforming against the Nifty since the last swing low on 8th March 2022. Infra index is up by 15% whereas Nifty is up by 10% at 10am IST today.
Infra index after breaking the 13years consolidation is heading higher and outperformance over Nifty means the money is flowing into infra stocks.
I highlighted the breakout and bullish short-term breakout in my previous post here. https://t.me/FastProfitsReport/146
Index is on the verge of fresh breakout at 5,300 from multiple patterns.
1. The breakout from double-top buy as per Point & Figure chart (blue lines on chart).
2. The consolidation with the bullish column indicates the bulls are still in control of trend. The breakout of high will trigger the bullish momentum and head above the previous high of 5,362. (black lines on chart).
As soon as index breaks above 5,300, it opens the door for 5,700-6,000 levels.
#KeepItSimple
👍31❤6
Nifty - The Candlestick and 200DEMA
The last week witness the tough-of-war between bulls and bears as they managed to hold their levels and attack at their crucial junctures.
Index traded in the range of 16,900-17,400 and swings with gaps. It was only the Friday when bears attack was severe as it corrected ~2% from high in the second half.
We saw multiple candlestick patterns like morning star & evening star, but the last formed was bearish engulfing which is reversal.
Additionally, the lower high formed on index with bearish engulfing will be the toughest hurdle for bulls in May.
For bears, the 16,800 will be equally tough as the previous swing low of 16,824 was followed by bullish harami candlestick pattern and the support of long-term moving average, 200DEMA which is placed at 16,865.
The break of 16,750-17,500 will the trend decider this week.
SGX Nifty is down to ~16,900 on the back of fall in US markets, I will wait for the break of 16,750 to look for shorting opportunities.
#KeepItSimple
The last week witness the tough-of-war between bulls and bears as they managed to hold their levels and attack at their crucial junctures.
Index traded in the range of 16,900-17,400 and swings with gaps. It was only the Friday when bears attack was severe as it corrected ~2% from high in the second half.
We saw multiple candlestick patterns like morning star & evening star, but the last formed was bearish engulfing which is reversal.
Additionally, the lower high formed on index with bearish engulfing will be the toughest hurdle for bulls in May.
For bears, the 16,800 will be equally tough as the previous swing low of 16,824 was followed by bullish harami candlestick pattern and the support of long-term moving average, 200DEMA which is placed at 16,865.
The break of 16,750-17,500 will the trend decider this week.
SGX Nifty is down to ~16,900 on the back of fall in US markets, I will wait for the break of 16,750 to look for shorting opportunities.
#KeepItSimple
👍40
The gap opening for straight eleventh trading days in a row on D-street; reverses after opening gap-down forming bullish candlestick pattern as Nifty ends at 17,069 losing 0.2% for the day.
The bullish belt-hold candlestick pattern is visible on Nifty and Bank Nifty futures chart indicating the reversal on cards.
Bullish candlestick reversal patterns are formed at support zone and marking the higher-lows which is bullish as per Dow Theory.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bullish belt-hold candlestick pattern is visible on Nifty and Bank Nifty futures chart indicating the reversal on cards.
Bullish candlestick reversal patterns are formed at support zone and marking the higher-lows which is bullish as per Dow Theory.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍24
Bargain Hunting in #Gold & #Silver | Investing levels in Bullions
https://www.youtube.com/watch?v=7YgQVkptBs8
https://www.youtube.com/watch?v=7YgQVkptBs8
YouTube
Bargain Hunting in bullion | Investing in Gold and Silver | Commodity Investing
3 Stocks to Ride the Massive 15x EV Opportunity… Get Full Details: http://www.eqtm.in/Zg2x4
Gold and silver prices are looking reasonable, or are they? Find out…
The recent volatility in the market has brought the focus on gold and silver again.
Yesterday…
Gold and silver prices are looking reasonable, or are they? Find out…
The recent volatility in the market has brought the focus on gold and silver again.
Yesterday…
👍8