Forwarded from Fast Profits Daily
US markets rebound from the key support of 33,000 on Dow Jones; Banks and IT sector lead the recovery.
Indian markets witnessed selling pressure ahead of weekly expiry but the last hour bullish reversal signals buying opportunity.
Nifty reversed from the resistance turned support at 18,130 and Ichimoku cloud. Chart here
Additionally, Nifty retraced by 38.20% Fibonacci level creating an accumulation zone at the confluence of supports.
On BankNifty, the Bearish Harmonic pattern on hourly chart played it's role as index dip over 600pts from high.
On expiry day, index is likely to trade in the range of 43,460-44,079.
#PreMarket
#SGXNifty
Indian markets witnessed selling pressure ahead of weekly expiry but the last hour bullish reversal signals buying opportunity.
Nifty reversed from the resistance turned support at 18,130 and Ichimoku cloud. Chart here
Additionally, Nifty retraced by 38.20% Fibonacci level creating an accumulation zone at the confluence of supports.
On BankNifty, the Bearish Harmonic pattern on hourly chart played it's role as index dip over 600pts from high.
On expiry day, index is likely to trade in the range of 43,460-44,079.
#PreMarket
#SGXNifty
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Stock Market Update - SGX Nifty Up 34 Points | Kaynes Technology Q4 Results | Rane Madras to Divest Stake in Subsidiary | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/y9Q3E
Top cues to track in today's stock market session.
http://www.eqtm.in/y9Q3E
Here's a list of stocks to watch out for today. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3
Stock Market Update - Sensex Today Trades Higher, Nifty Above 18,200 | Jindal Saw Rallies 7% | ITC & Axis Bank Top Gainers
Indian share markets are trading on a positive note with the Sensex trading 187 points higher, while the Nifty is trading higher by 43 points.
http://www.eqtm.in/Yd36H
Indian share markets are trading on a positive note with the Sensex trading 187 points higher, while the Nifty is trading higher by 43 points.
http://www.eqtm.in/Yd36H
PVR Inox: New Beginnings or the Beginning of the End?
Here’s what could happen next in the in the multiplex industry.
What Next for PVR INOX?
Here’s an extract…
When the two market leaders of an industry come together, you would expect two and two to make eleven.
But this could not be the case with this almost monopolistic entity in India’s multiplex industry.
PVR Inox, post the merger, announced results for March 2023 quarter as a single entity.
The earnings report deserves a 0.5 star and thumbs down. The stock has lost nearly 11% in the month while benchmark indices have surged.
Read on for more…
http://www.eqtm.in/m2E5Z
Here’s what could happen next in the in the multiplex industry.
What Next for PVR INOX?
Here’s an extract…
When the two market leaders of an industry come together, you would expect two and two to make eleven.
But this could not be the case with this almost monopolistic entity in India’s multiplex industry.
PVR Inox, post the merger, announced results for March 2023 quarter as a single entity.
The earnings report deserves a 0.5 star and thumbs down. The stock has lost nearly 11% in the month while benchmark indices have surged.
Read on for more…
http://www.eqtm.in/m2E5Z
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Stock Market Update - Sensex Today Ends 129 Points Lower, Nifty Below 18,150 | Realty Stocks Drag | SBI & ITC Dip 2%
Indian share markets end on a negative note. The BSE Sensex closed down by 129 points while the Nifty fell 52 points.
http://www.eqtm.in/Be9s2
Indian share markets end on a negative note. The BSE Sensex closed down by 129 points while the Nifty fell 52 points.
http://www.eqtm.in/Be9s2
Undervalued Gems: 3 Penny Stocks Hitting 52-Week Lows. Time to Take a Look?
Investors must keep a watchful eye on stocks trading at their 52-week lows. If chosen carefully, they could potentially generate faster returns.
Penny Stocks at 52-Week Lows
Here’s an extract…
In the current market conditions, investors are on the lookout for undervalued stocks that can potentially offer attractive returns in the long run.
In today’s article, we’ll cover penny stocks that are hitting or nearing their 52-week lows.
Here are three that have recently hit their 52-week lows.
http://www.eqtm.in/Wq34F
Investors must keep a watchful eye on stocks trading at their 52-week lows. If chosen carefully, they could potentially generate faster returns.
Penny Stocks at 52-Week Lows
Here’s an extract…
In the current market conditions, investors are on the lookout for undervalued stocks that can potentially offer attractive returns in the long run.
In today’s article, we’ll cover penny stocks that are hitting or nearing their 52-week lows.
Here are three that have recently hit their 52-week lows.
http://www.eqtm.in/Wq34F
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Why Tata Steel Share Price is Falling
The Tata Group company faced another setback yesterday. Continue reading to know more…
Tata Steel Stock Falls
Here’s an extract…
Tata group company Tata Steel has been grappling with considerable selling pressure and a lackluster performance in 2023 so far.
The stock has declined by 11% so far in 2023. Yesterday, shares of the company fell another 2%.
Let’s take a look at the probable reasons behind the fall in Tata Steel shares and what lies ahead for the company.
http://www.eqtm.in/Kj2z4
The Tata Group company faced another setback yesterday. Continue reading to know more…
Tata Steel Stock Falls
Here’s an extract…
Tata group company Tata Steel has been grappling with considerable selling pressure and a lackluster performance in 2023 so far.
The stock has declined by 11% so far in 2023. Yesterday, shares of the company fell another 2%.
Let’s take a look at the probable reasons behind the fall in Tata Steel shares and what lies ahead for the company.
http://www.eqtm.in/Kj2z4
Forwarded from Fast Profits Daily
US markets witnessed bullish momentum in the second half of the day forming the rising three candlestick pattern on Dow Jones; the range of 32,900-33,000 can be short-term base for the index.
DAX hits 52-week high and it will continue to outperform global markets. In the start of 2023, I recorded a video saying "2023 is the year for European Markets" and it is trading at highs. Video here
Nifty is hovering in the range of 18,100-18,400. The zone of 18,090-18,140 will act as support zone for the index.
BankNifty is outperforming Nifty but 44,000 is acting as major hurdle for bulls. The bearish harmonic followed by reversal from 88.60% Fibonacci retracement indicates the bulls are exhausted at higher levels.
#SGXNifty
#PreMarket
DAX hits 52-week high and it will continue to outperform global markets. In the start of 2023, I recorded a video saying "2023 is the year for European Markets" and it is trading at highs. Video here
Nifty is hovering in the range of 18,100-18,400. The zone of 18,090-18,140 will act as support zone for the index.
BankNifty is outperforming Nifty but 44,000 is acting as major hurdle for bulls. The bearish harmonic followed by reversal from 88.60% Fibonacci retracement indicates the bulls are exhausted at higher levels.
#SGXNifty
#PreMarket
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Stock Market Update - SGX Nifty Up 27 Points | ITC Q4 Results & Special Dividend | Rupee Nears 2-Month Low | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Xw2e7
Top cues to track in today's stock market session.
http://www.eqtm.in/Xw2e7
👍1
Forwarded from Fast Profits Daily
BankNifty - Bulls need to protect 43,500 ⚔️
BankNifty is hovering between 44,100-43,500 this week and it's time for bulls to roll up their sleeves for the imperative task of protecting the crucial level of 43,500.
An ascending triangle breakout, retest and resumption in the bullish momentum is the sign of a bullish trend, but...
The bulls lack strength in bullish momentum as bears are aggressive around the key psychological level of 44,000 and an all-time high of 44,151.
The 50HEMA too is acting as a support zone. The support line of the triangle pattern and 50HEMA is placed in the range of 43,600-43700.
By successfully defending this level, the bulls can uphold the positive momentum and sustain the upward trajectory in the index.
(CMP-43,800)
#BankNifty
#KeepItSimple
BankNifty is hovering between 44,100-43,500 this week and it's time for bulls to roll up their sleeves for the imperative task of protecting the crucial level of 43,500.
An ascending triangle breakout, retest and resumption in the bullish momentum is the sign of a bullish trend, but...
The bulls lack strength in bullish momentum as bears are aggressive around the key psychological level of 44,000 and an all-time high of 44,151.
The 50HEMA too is acting as a support zone. The support line of the triangle pattern and 50HEMA is placed in the range of 43,600-43700.
By successfully defending this level, the bulls can uphold the positive momentum and sustain the upward trajectory in the index.
(CMP-43,800)
#BankNifty
#KeepItSimple
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Stock Market Update - Sensex Today Trades Lower | Gland Pharma Tanks 13%, Adani Total Gas 5% | ITC & Titan Top Losers
Indian share markets are trading on a negative note with the Sensex trading 101 points lower, while the Nifty is trading lower by 45 points.
http://www.eqtm.in/La69A
Indian share markets are trading on a negative note with the Sensex trading 101 points lower, while the Nifty is trading lower by 45 points.
http://www.eqtm.in/La69A
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Check Out This Investing Strategy
This Strategy is doing well in this market.
Better Than Value Investing
Here’s an extract…
Value investing believes in buying stocks trading at 52-week lows. Momentum investors love 52-week highs.
Although I’m a hard-core value investor, I don’t mind trying out other investing strategies.
Especially if these other strategies are proven and have a very long history. This is where momentum investing fits the bill perfectly.
Read on for more…
http://www.eqtm.in/Ji2z7
This Strategy is doing well in this market.
Better Than Value Investing
Here’s an extract…
Value investing believes in buying stocks trading at 52-week lows. Momentum investors love 52-week highs.
Although I’m a hard-core value investor, I don’t mind trying out other investing strategies.
Especially if these other strategies are proven and have a very long history. This is where momentum investing fits the bill perfectly.
Read on for more…
http://www.eqtm.in/Ji2z7
Stock Market Update - Sensex Today Gains 298 Points, Nifty Ends Above 18,200 | Tata Motors Up 3% | NTPC & ONGC Top Gainers
Indian share markets end on a positive note. The BSE Sensex gained 297 points while the Nifty ended above 18,200.
http://www.eqtm.in/x3MWc
Indian share markets end on a positive note. The BSE Sensex gained 297 points while the Nifty ended above 18,200.
http://www.eqtm.in/x3MWc
❤1👍1
Why Divis Lab Share Price is Falling
Shares of the company have remained under pressure in anticipation of weak Q4 results. Find out how the pharma company actually performed and what lies ahead.
http://www.eqtm.in/Ww24H
Shares of the company have remained under pressure in anticipation of weak Q4 results. Find out how the pharma company actually performed and what lies ahead.
http://www.eqtm.in/Ww24H
Why Laxmi Organic Share Price is Falling
Laxmi Organic shares continue their downward slide in 2023, tumbling around 7% in five days. More downtrend?
Laxmi Organic Stock Falls
Here’s an extract…
Laxmi Organic Industries, an Indian specialty chemical company, has experienced a significant decline in its share price, extending its downtrend for the sixth consecutive session on 19 May 2023.
Over the past five days alone, the stock has fallen around 8%.
As a result, Laxmi Organic Industries has suffered a loss of more than 16% in its share price since the beginning of 2023.
Here is what triggered the recent fall.
http://www.eqtm.in/e9DLz
Laxmi Organic shares continue their downward slide in 2023, tumbling around 7% in five days. More downtrend?
Laxmi Organic Stock Falls
Here’s an extract…
Laxmi Organic Industries, an Indian specialty chemical company, has experienced a significant decline in its share price, extending its downtrend for the sixth consecutive session on 19 May 2023.
Over the past five days alone, the stock has fallen around 8%.
As a result, Laxmi Organic Industries has suffered a loss of more than 16% in its share price since the beginning of 2023.
Here is what triggered the recent fall.
http://www.eqtm.in/e9DLz
Why SBI Share Price is Falling
After reporting highest ever quarterly profit, shares of SBI have encountered a roadblock due to these reasons.
http://www.eqtm.in/m8FKi
After reporting highest ever quarterly profit, shares of SBI have encountered a roadblock due to these reasons.
http://www.eqtm.in/m8FKi
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Forwarded from Fast Profits Daily
Dow Jones - Trapped in the Middle 📈📉
DJIA is trending in the broadening triangle or megaphone technical pattern.
Index managed to form a higher low with the bullish reversal candlestick pattern belt-hold at the key psychological level of 33,000.
The trendline breakout (green) is followed by a bearish reversal candlestick pattern called a dark-cloud cover signalling an indecisive for bulls and bears.
The break of the 32,900-33,737 range will serve as a crucial confirmation for further momentum in the market. Until that point, traders may find themselves engaged in range trading.
Traders should wait for this break to guide their strategies and capitalize on the subsequent price movement that may unfold.
#DowJones
#KeepItSimple
DJIA is trending in the broadening triangle or megaphone technical pattern.
Index managed to form a higher low with the bullish reversal candlestick pattern belt-hold at the key psychological level of 33,000.
The trendline breakout (green) is followed by a bearish reversal candlestick pattern called a dark-cloud cover signalling an indecisive for bulls and bears.
The break of the 32,900-33,737 range will serve as a crucial confirmation for further momentum in the market. Until that point, traders may find themselves engaged in range trading.
Traders should wait for this break to guide their strategies and capitalize on the subsequent price movement that may unfold.
#DowJones
#KeepItSimple
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5 Undervalued Textile Stocks to Add to Your Watchlist
These textile stocks are trading at mouth-watering valuations. But is the risk reward set up in investors' favor?
http://www.eqtm.in/Ak4j9
These textile stocks are trading at mouth-watering valuations. But is the risk reward set up in investors' favor?
http://www.eqtm.in/Ak4j9
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Stock Market Update - SGX Nifty Down 32 Points | Upcoming IPOs to Watch This Week | Axita Cotton Share Buyback | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Bd98Q
Top cues to track in today's stock market session.
http://www.eqtm.in/Bd98Q
Forwarded from Fast Profits Daily
Energy Index - A Bull Run in the Making 📈
After reversing from the support line of the falling channel pattern, the index forms a higher high - higher low bullish structure.
The retest of the previous high and resumption in bullish momentum confirms the index is headed northwards.
Hey traders, it's time to seize a buying opportunity in the energy stocks.
(CMP-23,990)
#NiftyEnergyIndex
#KeepItSimple
After reversing from the support line of the falling channel pattern, the index forms a higher high - higher low bullish structure.
The retest of the previous high and resumption in bullish momentum confirms the index is headed northwards.
Hey traders, it's time to seize a buying opportunity in the energy stocks.
(CMP-23,990)
#NiftyEnergyIndex
#KeepItSimple
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