Fast Profits Daily
Bank Nifty - The Bullish Harmonic Pattern Bank Nifty had hit the low of 33,001 at start of the week and reversed sharply from the bullish harmonic reversal level to 34,600+. The Bullish Cypher harmonic reversal pattern is visible on chart. Harmonic patterns…
Bank Nifty 33,500 to 35,500+
The bullish harmonic on Bank Nifty highlighted at 33,500 has worked well for bulls.
Bank Nifty gained over 2000pts since the post and IT'S NOT OVER YET! 📈
As I have highlighted bullish or inverted head and shoulder (iH&S) in the note, here is an updated chart where index has broken out of the neckline of iH&S at 34,700.
The momentum is in bulls control and any dips to retest the neckline and gap area of 34,800-35,200 can be an opportunity for bulls to re-enter.
Considering the targets as per iH&S, the distance from head to neckline is of 1,700points which added to breakout indicates 36,400 levels.
Bulls should grab an opportunity at retest of breakout and look for bullish momentum next week.
(CMP-35,450)
#KeepItSimple
The bullish harmonic on Bank Nifty highlighted at 33,500 has worked well for bulls.
Bank Nifty gained over 2000pts since the post and IT'S NOT OVER YET! 📈
As I have highlighted bullish or inverted head and shoulder (iH&S) in the note, here is an updated chart where index has broken out of the neckline of iH&S at 34,700.
The momentum is in bulls control and any dips to retest the neckline and gap area of 34,800-35,200 can be an opportunity for bulls to re-enter.
Considering the targets as per iH&S, the distance from head to neckline is of 1,700points which added to breakout indicates 36,400 levels.
Bulls should grab an opportunity at retest of breakout and look for bullish momentum next week.
(CMP-35,450)
#KeepItSimple
👍31❤9
Fast Profits Daily
Bank Nifty 33,500 to 35,500+ The bullish harmonic on Bank Nifty highlighted at 33,500 has worked well for bulls. Bank Nifty gained over 2000pts since the post and IT'S NOT OVER YET! 📈 As I have highlighted bullish or inverted head and shoulder (iH&S) in…
Bank Nifty 33,500 to 36,000+ levels
#KeepItSimple
#KeepItSimple
👍31
The bulls are back on D-street as Nifty gains 308 points to settle at 16,661.
Nifty reversed forming the bullish harmonic patter right at 15,770 with bullish hidden divergence on Relatives Strength Index (RSI) on daily as well as weekly confirming the short term bottom in place. Watch video here https://www.youtube.com/watch?v=78qSeaQ_XG8&t=13s
In the follow-up of reversal, the bullish dragon harmonic pattern is visible at the breakout of 16,467. Additionally the gap area is also been taken out by bulls signaling the 17,000 in sight.
Auto Index seems to be an excellent bullish setup. Watch the setup here https://www.youtube.com/watch?v=2MDfBThuwPA&t=67s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty reversed forming the bullish harmonic patter right at 15,770 with bullish hidden divergence on Relatives Strength Index (RSI) on daily as well as weekly confirming the short term bottom in place. Watch video here https://www.youtube.com/watch?v=78qSeaQ_XG8&t=13s
In the follow-up of reversal, the bullish dragon harmonic pattern is visible at the breakout of 16,467. Additionally the gap area is also been taken out by bulls signaling the 17,000 in sight.
Auto Index seems to be an excellent bullish setup. Watch the setup here https://www.youtube.com/watch?v=2MDfBThuwPA&t=67s
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍12❤2
Amazon - Great Summer Sale for Bulls
IT stocks witnessed the selling pressure in last couple of months. IT is one of the most underperforming sectorial index on wall-street since start of 2022.
Amazon has corrected over 40% since start of April'22.
Should you buy this correction?
Amazon which weighs 6% in Nasdaq100 Index is at the long term support area.
The horizontal parallel lines (orange) marked on charts are the long term support area and the demand zone.
Additionally, the 100MEMA (Monthly Exponential Moving Average) which is placed at $1,872 adds the fuel to bulls around demand zone. The stock hasn't broken the 100MEMA since 2008 and acting as support zone.
On daily scale, the stock is forming double bottom at $2,025 indicating bullish scenario.
Bulls should grab this correction as opportunity in this Summer Sale.
The risk for the stock would only be below $1,800 levels, till than bulls can grab the opportunity.
(CMP-$2,300)
#KeepItSimple
IT stocks witnessed the selling pressure in last couple of months. IT is one of the most underperforming sectorial index on wall-street since start of 2022.
Amazon has corrected over 40% since start of April'22.
Should you buy this correction?
Amazon which weighs 6% in Nasdaq100 Index is at the long term support area.
The horizontal parallel lines (orange) marked on charts are the long term support area and the demand zone.
Additionally, the 100MEMA (Monthly Exponential Moving Average) which is placed at $1,872 adds the fuel to bulls around demand zone. The stock hasn't broken the 100MEMA since 2008 and acting as support zone.
On daily scale, the stock is forming double bottom at $2,025 indicating bullish scenario.
Bulls should grab this correction as opportunity in this Summer Sale.
The risk for the stock would only be below $1,800 levels, till than bulls can grab the opportunity.
(CMP-$2,300)
#KeepItSimple
👍19❤2
Fast Profits Daily - Should You Buy Zomato and Paytm?
What do the charts say about trading Zomato and Paytm?
http://www.eqtm.in/i2DEm
What do the charts say about trading Zomato and Paytm?
http://www.eqtm.in/i2DEm
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Bank Nifty - Spirited Bulls 2.0
Bank Nifty is outperforming against the benchmark index Nifty in the last couple of weeks as it rallies ~9% since 19th May 2022. During the same period, Nifty rallied ~6%.
The Bullish Harmonic reversal pattern highlighted in the post on 19th May 2022 (Read here https://t.me/FastProfitsReport/561), index has reversed forming the lows around probable reversal zone (PRZ) and hit the expected target of 35,500-36,000.
The rally is not yet over as the bullish or inverted head and shoulder (iH&S) pattern in the follow-up momentum spirited the bulls.
The breakout from iH&S and the gap area at 35,200 has been retested in the yesterday's session when it hit the low 35,288.
Additionally, the Open = Low on Bank Nifty Futures and low is near to open in spot price confirms the next leg of rally will be fueled by Spirited Bulls 2.0.
(CMP-35,600)
#KeepItSimple
Bank Nifty is outperforming against the benchmark index Nifty in the last couple of weeks as it rallies ~9% since 19th May 2022. During the same period, Nifty rallied ~6%.
The Bullish Harmonic reversal pattern highlighted in the post on 19th May 2022 (Read here https://t.me/FastProfitsReport/561), index has reversed forming the lows around probable reversal zone (PRZ) and hit the expected target of 35,500-36,000.
The rally is not yet over as the bullish or inverted head and shoulder (iH&S) pattern in the follow-up momentum spirited the bulls.
The breakout from iH&S and the gap area at 35,200 has been retested in the yesterday's session when it hit the low 35,288.
Additionally, the Open = Low on Bank Nifty Futures and low is near to open in spot price confirms the next leg of rally will be fueled by Spirited Bulls 2.0.
(CMP-35,600)
#KeepItSimple
👍32❤2
Car you wish to Buy in 10-15L basket.
Anonymous Poll
12%
Maruti
30%
Tata
10%
Mahindra
12%
Hyundai
10%
Kia
6%
Volkswgen
9%
Honda
0%
Renault
11%
Toyota
❤26👍1
The markets remained volatile but traded in the range; Nifty ends at 16,522 losing 0.37%.
Index is trending between the gap area of 16,400-16,650 for last couple of days. The momentum above 16,700 will resume the bullish sentiments towards 17,000 levels.
The double bottom breakout has been retested at 16,400 levels; bullish tone on cards for next couple of days.
Bank Nifty continue to outperform against the Nifty. The bullish harmonic followed by bullish head & shoulder pattern signals the bulls are in control of the momentum. Read here https://t.me/FastProfitsReport/583
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trending between the gap area of 16,400-16,650 for last couple of days. The momentum above 16,700 will resume the bullish sentiments towards 17,000 levels.
The double bottom breakout has been retested at 16,400 levels; bullish tone on cards for next couple of days.
Bank Nifty continue to outperform against the Nifty. The bullish harmonic followed by bullish head & shoulder pattern signals the bulls are in control of the momentum. Read here https://t.me/FastProfitsReport/583
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍9
Fast Profits Daily - 10 Stocks to Buy in the Commodity Supercycle
The commodity rally is not over. Consider these stocks to buy.
http://www.eqtm.in/x6JFc
The commodity rally is not over. Consider these stocks to buy.
http://www.eqtm.in/x6JFc
👍4
The bulls resume the momentum on D-street, Nifty gains 0.64% to end at 16,628.
Index is trending between the gap area of 16,450-16,650 with bullish biased. The breakout from bullish flag on hourly chart indicates the bulls are in control of momentum for 16,900-17,000.
Bank Nifty was silent in today’s session. The breakout from bullish head & shoulder pattern indicates the momentum towards 36,500 levels. Watch chart here https://t.me/FastProfitsReport/583
Commodity Super Cycle is likely to continue for next few months. As an equity investors, you can focus on these 10 stocks. Watch video here https://www.youtube.com/watch?v=Pz1BVHszB0E&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trending between the gap area of 16,450-16,650 with bullish biased. The breakout from bullish flag on hourly chart indicates the bulls are in control of momentum for 16,900-17,000.
Bank Nifty was silent in today’s session. The breakout from bullish head & shoulder pattern indicates the momentum towards 36,500 levels. Watch chart here https://t.me/FastProfitsReport/583
Commodity Super Cycle is likely to continue for next few months. As an equity investors, you can focus on these 10 stocks. Watch video here https://www.youtube.com/watch?v=Pz1BVHszB0E&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍21
Nifty - Bulls rise to the challenge
The May month was a tough trading month as Nifty slips from the high of 18,114 in April to the low of 15,735 in May and sentiments on D-street turned bearish.
There was an extreme fear but the fear is an excellent opportunity for investors. I put my neck out and did a video on Profit from Fear. Did you miss it? No Worries - Watch here https://www.youtube.com/watch?v=78qSeaQ_XG8&t=133s
Index made multiple swings lows between 15,735-15,900 and finally reversed from bullish harmonic pattern.
On 2hours chart, the index traded in the gap zone of 16,450-16,650 for last few trading sessions.
Additionally, it resisted at 200EMA on 2hrs chart which is placed at 16,685.
As SGX indicates the positive opening above 16,750, Nifty will breakout from the resistance zone of 16,700 and expected to head towards 17,000+ levels.
Traders should grab this bullish opportunity. The bears attack can be expected on the break below 16,189.
(Nifty Close-16,628; SGX-16780)
#KeepItSimple
The May month was a tough trading month as Nifty slips from the high of 18,114 in April to the low of 15,735 in May and sentiments on D-street turned bearish.
There was an extreme fear but the fear is an excellent opportunity for investors. I put my neck out and did a video on Profit from Fear. Did you miss it? No Worries - Watch here https://www.youtube.com/watch?v=78qSeaQ_XG8&t=133s
Index made multiple swings lows between 15,735-15,900 and finally reversed from bullish harmonic pattern.
On 2hours chart, the index traded in the gap zone of 16,450-16,650 for last few trading sessions.
Additionally, it resisted at 200EMA on 2hrs chart which is placed at 16,685.
As SGX indicates the positive opening above 16,750, Nifty will breakout from the resistance zone of 16,700 and expected to head towards 17,000+ levels.
Traders should grab this bullish opportunity. The bears attack can be expected on the break below 16,189.
(Nifty Close-16,628; SGX-16780)
#KeepItSimple
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Bank Nifty - Opportunity Knocks for Bulls
Bank Nifty have been on the bullish momentum in the second half of May series and outperformed against Nifty.
The tide has changed in June so far as Nifty is outperforming against Bank Nifty. Bank Nifty retraces back to 35,000 from the high of 36,083 to retest the multiple technical patterns.
An opportunity knocks for bulls in the 34,700-35,000 zone.
An inverted head and shoulder (iH&S) breakout is visible on short-term charts at 34,800 after reversing from bullish harmonic at 33,200.
The retest of iH&S is an opportunity for bulls offering the best risk-reward trade setup.
Additionally, the gap area of 34,800-35,130 will add the layer of support for bulls.
Stochastic, the momentum indicator has slipped into an oversold zone indicating the pause to the recent downward move from 36,000-34,800.
The bulls should grab this opportunity as the zone of 34,700-35,000 will act as demand zone.
(CMP-34,996)
#KeepItSimple
Bank Nifty have been on the bullish momentum in the second half of May series and outperformed against Nifty.
The tide has changed in June so far as Nifty is outperforming against Bank Nifty. Bank Nifty retraces back to 35,000 from the high of 36,083 to retest the multiple technical patterns.
An opportunity knocks for bulls in the 34,700-35,000 zone.
An inverted head and shoulder (iH&S) breakout is visible on short-term charts at 34,800 after reversing from bullish harmonic at 33,200.
The retest of iH&S is an opportunity for bulls offering the best risk-reward trade setup.
Additionally, the gap area of 34,800-35,130 will add the layer of support for bulls.
Stochastic, the momentum indicator has slipped into an oversold zone indicating the pause to the recent downward move from 36,000-34,800.
The bulls should grab this opportunity as the zone of 34,700-35,000 will act as demand zone.
(CMP-34,996)
#KeepItSimple
👍26❤6
RBI raise repo rate by 50bps to control soaring inflation; markets remain volatile but ends in red. Nifty closed at 16,356 losing 0.37% while Bank Nifty ends at 34,946 losing 0.14%.
The Bullish AB=CD harmonic reversal pattern is visible on daily chart of Nifty indicating the bullish momentum can be on cards in the second half of the week. The pattern completed at 16,300.
Bank Nifty is also trending at the retest of inverted head and shoulder pattern within gap area. Read here - http://www.eqtm.in/y9RCg
Brijesh Bhatia
Research Analyst, Fast Profit Report
The Bullish AB=CD harmonic reversal pattern is visible on daily chart of Nifty indicating the bullish momentum can be on cards in the second half of the week. The pattern completed at 16,300.
Bank Nifty is also trending at the retest of inverted head and shoulder pattern within gap area. Read here - http://www.eqtm.in/y9RCg
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍17❤4
Nifty PSU Bank Index - In a sweet spot for Bulls
PSU Bank Index has corrected ~20% from the highs of 2,989 in April 2022.
There have been series of 20% fall and rise in last 6months.
History repeats itself
The bulls come to rescue at ~20% fall and this is the third time the bulls are grabbing the opportunity.
The consolidation and reversal in the recent momentum confirms the history is repeating.
The breakout, retest and bullish momentum indicates the recent low of 2,391 can be the short-term bottom for index.
Moving Average Convergence Divergence (MACD) in the below panel confirms the bottom as the positive crossover of averages and histogram trending above integer line is the sign of bullish tone.
Bulls should accumulate PSU Bank stocks for short-term. Considering the previous rise, 2,800-2,900 can be on cards in coming months.
(CMP-2,565)
#KeepItSimple
PSU Bank Index has corrected ~20% from the highs of 2,989 in April 2022.
There have been series of 20% fall and rise in last 6months.
History repeats itself
The bulls come to rescue at ~20% fall and this is the third time the bulls are grabbing the opportunity.
The consolidation and reversal in the recent momentum confirms the history is repeating.
The breakout, retest and bullish momentum indicates the recent low of 2,391 can be the short-term bottom for index.
Moving Average Convergence Divergence (MACD) in the below panel confirms the bottom as the positive crossover of averages and histogram trending above integer line is the sign of bullish tone.
Bulls should accumulate PSU Bank stocks for short-term. Considering the previous rise, 2,800-2,900 can be on cards in coming months.
(CMP-2,565)
#KeepItSimple
👍26❤4
Nifty reversed from the reversal level of bullish AB=CD harmonic pattern from the first minute of the day; ends in green at 16,478 gaining 0.74%.
On hourly chart, the bullish range shift on Relative Strength indicates the bulls are in control of momentum; the move above 16,530 may accelerate the momentum towards 16,800-16,900 levels.
Bank Nifty reversing from the demand zone of inverted head & shoulder retest and gap area of 34,700-35,000 zone. Read here - http://www.eqtm.in/Kf5x7
The history repeats itself in PSU Bank index as it turns the tide after falling ~20% for the third time in last 6months. Watch chart here - https://t.me/FastProfitsReport/593
Brijesh Bhatia
Research Analyst, Fast Profit Report
On hourly chart, the bullish range shift on Relative Strength indicates the bulls are in control of momentum; the move above 16,530 may accelerate the momentum towards 16,800-16,900 levels.
Bank Nifty reversing from the demand zone of inverted head & shoulder retest and gap area of 34,700-35,000 zone. Read here - http://www.eqtm.in/Kf5x7
The history repeats itself in PSU Bank index as it turns the tide after falling ~20% for the third time in last 6months. Watch chart here - https://t.me/FastProfitsReport/593
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍24
Nifty to Gaps - Quit Playing Games with my heart
The gap openings are the traders enemy which have been so frequent in the last 6months.
Are Gaps, the new normal?
As most of us have been through the new normal post corona, but the new normal with gap opening will continue to be the riskier affair for swing traders.
The more riskier part in the current scenario is the index closing near the day high/low & opening in opposite direction.
Traditionally, when stock/index closes near the DH/DL, it was considered bullish/bearish. But, the things are exactly opposite.
On the Nifty, it closed near the DH yesterday (High-16,492, Close-16,478) and opens today with -200pts is the risk for swing traders.
Index is trending between the gaps of 15,942-16,211 on lower end & 16,370-16,510 on upper. Traders should look for swing opportunities within the gaps.
The falling channel (dotted line) indicates support at 16,161.
Intraday traders should look to buy around 16,180-16,240 zone.
(CMP-16275)
#KeepItSimple
The gap openings are the traders enemy which have been so frequent in the last 6months.
Are Gaps, the new normal?
As most of us have been through the new normal post corona, but the new normal with gap opening will continue to be the riskier affair for swing traders.
The more riskier part in the current scenario is the index closing near the day high/low & opening in opposite direction.
Traditionally, when stock/index closes near the DH/DL, it was considered bullish/bearish. But, the things are exactly opposite.
On the Nifty, it closed near the DH yesterday (High-16,492, Close-16,478) and opens today with -200pts is the risk for swing traders.
Index is trending between the gaps of 15,942-16,211 on lower end & 16,370-16,510 on upper. Traders should look for swing opportunities within the gaps.
The falling channel (dotted line) indicates support at 16,161.
Intraday traders should look to buy around 16,180-16,240 zone.
(CMP-16275)
#KeepItSimple
👍29❤9
Nifty - The Black Monday?
US markets bleed red on Friday as Dow Jones closed down by 880pts to settle at 31,392 after US Inflation data hits 40years high at 8.6%.
The effects of US sell-off is witnessed on Asian markets as SGX trades below 15,900 mark at 8:50am IST.
The panic selling amongst traders can be on cards in the first hour of the day.
Technically, the 15,400-15,800 band will be the key support area for bulls. The bulls have to protect the zone to stay in the game.
The Gann Fan tool too indicates the key support zone for bulls at 15,400 levels.
As a trader, avoid bottom fishing in the first half of the day and do not leverage in the current market scenario.
#KeepItSimple
US markets bleed red on Friday as Dow Jones closed down by 880pts to settle at 31,392 after US Inflation data hits 40years high at 8.6%.
The effects of US sell-off is witnessed on Asian markets as SGX trades below 15,900 mark at 8:50am IST.
The panic selling amongst traders can be on cards in the first hour of the day.
Technically, the 15,400-15,800 band will be the key support area for bulls. The bulls have to protect the zone to stay in the game.
The Gann Fan tool too indicates the key support zone for bulls at 15,400 levels.
As a trader, avoid bottom fishing in the first half of the day and do not leverage in the current market scenario.
#KeepItSimple
👍39❤4
The D-street bleed red as Sensex and Nifty fell by 2.6% to close at 52,846 and 15,774 respectively.
Sensex hits the major support area of 21MMA (Monthly Moving Average) which is placed at 52,943. The average is tested for the first time after September 2020.
Nifty is also trading around the key demand area of 15,400-15,700. Read here https://t.me/FastProfitsReport/596
Brijesh Bhatia
Research Analyst, Fast Profit Report
Sensex hits the major support area of 21MMA (Monthly Moving Average) which is placed at 52,943. The average is tested for the first time after September 2020.
Nifty is also trading around the key demand area of 15,400-15,700. Read here https://t.me/FastProfitsReport/596
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍20❤1