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Nifty 50 surged 2200 points post MAST buy signal, holding for 2 months. Recent break below MAST cloud suggests a bearish trend. Will the downturn persist? #Nifty50 #P&F #Systemtrading #Objectivemethod

Nifty 19800 TOI indicating that there could be some weakness in Nifty from here. It was bullish from morning till now.

@Virpalsinh Chauhan Sir i will record one details video on 1 box reversal chart very soon.

https://www.youtube.com/watch?v=vZzRr77cxRA&t=2s

देखिये Market क्या लगता है ? @rajran06 के साथ | Promising Opportunities in Small Cap Pharma Stock

https://www.youtube.com/watch?v=IxiHIBtOjhs

Yesterday evening, we discussed RATEGAIN Stock on 'Market Kya Lagta Hai' on the Definedge YouTube Channel. Today, it surged to a high of 575, marking an impressive increase of more than 18%. We successfully achieved our targets within a single day."

https://www.youtube.com/watch?v=zBFySKfU4fg

The price pattern of INOXWIND on the point and figure chart is exhibiting a bullish ABC pattern, making it one of the outperformers in the short term when compared to the Nifty 500 index. If the current trend persists, there is a possibility of further bullish momentum in the stock's price. However, it's essential to note that the pattern could fail if the stock price drops below the critical support level at 185.

The present price pattern of RVNL on the point and figure chart indicates a Bullish ABC breakout.
On every box value chart, RVNL is displaying a bullish trend, and if this trend persists, there may
be further bullish momentum ahead. Additionally, the price is currently trading above the 10-
column moving average, signalling an upward trend.

As long as the price remains above 118, the pattern is likely to maintain its bullish outlook. One
should closely monitor the price movement for potential entry points, considering the positive
trend and the breakout pattern. However, caution is advised, as any failure to sustain above 118
could invalidate the current pattern.

In our previous newsletter, we correctly anticipated that a breakout above 45000 for NIFTYBANK
would signal a continuation of the current trend, and this view played out successfully. NIFTYBANK
managed to surge by nearly 1350 points in the previous week, validating the analysis.

Furthermore, on the relative strength chart, it is evident that NIFTYBANK has been outperforming
NIFTY50. This outperformance suggests that there is a strong possibility of NIFTYBANK continuing
to outperform in the days ahead.

The current chart setup of NIFTYBANK on the point and figure chart remains bullish with an anchor
column follow-through. This indicates sustained buying interest and positive momentum.
Additionally, there is a cluster of count opens, and as we mentioned before, the probability of
achieving this cluster of count is usually high, reinforcing the bullish sentiment.

For short-term traders, it's important to keep in mind that NIFTYBANK has immediate support in
the range of 44455-44666. On the upside, short-term resistance is seen in the range of 47199-
47333

In the previous newsletter, it was mentioned that the chart setup for NIFTY50 was bullish, and
there was an expectation of continued upward momentum in line with the uptrend. The breadth
of NIFTY50 was in a neutral zone, indicating the potential for a strong breakout to work effectively.
As anticipated, the market performed well in accordance with the view provided.
As for the current chart setup of NIFTY50, it remains bullish, and the Point & Figure X% breadth of
NIFTY50 still indicates a neutral zone. Therefore, any breakout in the direction of the prevailing
trend is likely to be successful.

However, it's important to note that there is a concern about the high disparity in the current
scenario. This suggests that there might be some price or time consolidation in the future.
Traders and investors should be prepared for the possibility of temporary pauses in the trend.
To resume the current uptrend, a close above the level of 19822 will be a positive signal. On the
other hand, if NIFTY50 closes below 19320, it could be the first indication of a potential trend
reversal.

For short-term traders, it's relevant to consider that NIFTY50 has support in the range of 19200-
19350, and resistance lies in the range of 19999-20111.

BSE current market price is 762 . Superb move after indicated level.

Current price pattern of TATACOMM on point and figure chart is bullish ABC and any follow through from here will be interesting. Pattern failure level will below 1530.

Re: Sector and stock to watch for short term

More that 200 point up from recomended level and most of the stocks re up more than 10% up from there.

BSE stocks covered in previous weekly newsletter worked well and its almost 10% up today.

The NIFTY CPSE sector has consistently outperformed the NIFTY50 in the NSE all sector index. The
presence of a series of bullish anchor columns indicates that the bullish momentum is expected
to continue. In a previous analysis, this sector was also covered, and the view proved to be
accurate. The current price pattern on the point and figure chart confirms the follow-through of
a bullish ABC pattern with a 100% pole. If this trend continues, we can anticipate further bullish
moves.
To help you identify potential investment opportunities within the NIFTY CPSE sector, we have
compiled a list of stocks from the P&F ultimate matrix that have demonstrated strong
outperformance. However, it is important to closely observe the price patterns of individual
stocks to determine the most favorable entry points for new investments.

Last week, as anticipated, the NIFTYBANK index underwent a consolidation phase within a defined
range. During this period, a significant pattern emerged in the form of 4 column triangle,
indicating the possibility of a breakout in either direction. It is worth noting that the breakout was
contingent upon a price surpassing the 44,000 marks.
As predicted, the breakout occurred above the critical level of 44,000, leading to a resumption
of the uptrend. The subsequent movement witnessed a substantial gain of approximately 700
points in the direction of the prevailing trend
Looking at the current chart setup, the NIFTYBANK index remains firmly bullish. A noteworthy
development is the breakout of a previously bearish 45-degree trendline. This breakthrough
further strengthens the bullish case for the index, signaling the potential for sustained upward
momentum.
In terms of support and resistance levels, the short-term support for the NIFTYBANK index is
expected to lie in the range of 43,300 to 43,400. On the upside, short-term resistance is
anticipated between 45,400 to 45,500.

Despite concerns of selling pressure last week, NIFTY50 managed to hold the crucial support
level at 18600, defying expectations. Instead, it resumed its upward trend, reaching a new all-
time high. The current chart setup of NIFTY50 remains bullish, with X% breadth still in the neutral
zone. This indicates that a breakout trade may present a favorable opportunity.
Furthermore, a bullish broadening price pattern has emerged, not only in NIFTY50 but also in the
majority of stocks. This similarity in patterns suggests that any follow-through in the market will
present an opportunity for fresh entries. It is important to monitor the trend continuation in
NIFTY50 in the coming days.
For short-term traders, identifying key support and resistance levels is crucial. The short-term
support range for NIFTY50 is expected to be between 18600-18700, while the short-term
resistance is anticipated around 19700-19800.

After bullish ABC there is a continuation bullish follow through indicates a bullish momentum and if trend continue we can expect some more column X in coming days. Pattern will fail below 430.

JBMA has been displaying strong outperformance compared to the Nifty 500 index in the short term. If this trend persists, it is possible to anticipate further bullish momentum. Specifically, if the price remains above 1165, there is a likelihood of witnessing additional upside movement during intraday trading. However, it's important to note that the pattern may fail if the price falls below 1134.

It appears that Adanient is showing signs of bullishness in intraday trading, particularly if it remains above the 2415 level. The stock has recently broken a bearish 45-degree trendline, which suggests a shift towards a more bullish sentiment. Furthermore, there is a noticeable dominance of X in the short term. Pattern failure level is below 2368.

Based on the current price formation on the point and figure chart, there is a bullish ABC pattern observed on the intraday box value chart. The presence of a series of bullish anchor columns suggests a strong bullish momentum. If this trend continues, we can anticipate further upward movement.

Stocks looks more bullish above 273 in intraday and Pattern failure level is below 265.

M&MFIN made a high of 335 covered in yesterday newsletter. Simple pattern study with momentum works amazing.

@Raju Ranjan Almost 10% ROI till now...

Till now almost Rs 35 up from indicated level...Again momentum we will see above 1063

After a significant upward movement yesterday, TANLA is currently showing signs of forming a bullish pattern. If the price surpasses the level of 1031, it is likely to gain momentum in an upward direction. However, if the price falls below 1010, the bullish pattern may fail.

Policybazar has shown a bullish anchor column follow-through on the one-minute time frame. Additionally, the price has successfully breached a bearish 45-degree trendline, indicating a shift towards bullish sentiment. If the price remains above 644, we can expect further bullishness. However, if the price drops below 633, the bullish pattern will likely fail.

As we mentioned in our previous week post, the NIFTY Bank chart setup was neutral, indicating
a potential pause in the uptrend or price consolidation. We are pleased to inform you that this
view has proven accurate, as the NIFTY Bank has formed a triangle pattern on the point and
figure chart.
The current chart setup for the NIFTY Bank remains neutral. However, we would like to highlight
two important levels to monitor closely. A close above 44,310 would suggest a resumption of the
bullish trend, while a close below 43,780 would indicate a potential reversal in the trend.
In terms of short-term levels, we have identified key support and resistance areas. The NIFTY
Bank is expected to find support in the range of 43,200-43,300, which could serve as a floor for
the price. On the other hand, resistance is anticipated around 44,500-44,700, where we might
observe increased selling pressure.

Last week, we mentioned that the NIFTY setup was bullish, and we were looking for a price above
18,550 as the first indication of a trend continuation. We are pleased to inform you that this
scenario played out as expected, with the NIFTY50 moving more than 200 points in the direction
of the uptrend.
Now, let's discuss the current chart setup on the point and figure chart. It is currently showing a
neutral pattern. However, a close above 18,625 would trigger a bullish 123 pullback on the point
and figure chart for the NIFTY 50. On the other hand, a price close below 18,388 would be the initial
sign of a potential trend reversal.
For short-term levels, we have identified key support and resistance areas. The support range is
located near 18,100-18,200, which could act as a floor for the NIFTY 50's price. Conversely, the
resistance can be found around 18,800-18,900, where we may see some selling pressure.

What a superb move... From 373 to 398

DELHIVERY has recently formed a triple top buy pattern accompanied by a bear trap within a robust uptrend on the one-minute time frame. Should there be any continuation in the upward movement, it would present an opportunity for a new entry. It's important to note that the pattern's failure level is located below 363. Therefore, if the stock price falls below this level, it would indicate a potential failure of the pattern.

On the one-minute time frame, the ASTRDM stock has exhibited a multicolumn breakout on the point and figure chart. This breakout is characterized by a series of bullish anchor columns, indicating a strong bullish momentum. If the current trend persists, we can anticipate further upward momentum in the future. However, it's important to note that the pattern will lose its validity if the stock price falls below the level of 283.

The current formation on the P&F chart is a bullish ABC breakout. Tata Motors' performance in
the Nifty Auto sector has been exceptional, making it an outperformer in the market. Furthermore,
the Nifty Auto index itself has shown strong performance compared to the NIFTY50 index. The
presence of a series of bullish anchor columns indicates a bullish trend. We can anticipate
further bullish momentum in the near future. Any price retracement will be an opportunity for a
fresh entry, and the pattern will fail below 514

The current chart setup on the P&F chart remains bullish, with a column reversal serving as the
initial indication of a potential uptrend resumption. A positive signal for the bulls would be if the
price closes above 18550.
In terms of short-term levels, the support range is situated near 18100-18200, while resistance
can be found around 18800-18900.

Current formation on Point and figure chart is bullish super pattern. Price has broken major bearish 45 degree trendline it indicates a bullish momentum. From last two years price was trading below bearish trendline and now it has broken with follow through of bullish anchor column. If trend continues we can expect some more bullish move in coming days. Above 475 we may see fresh bullish momentum and pattern will fail below 459.

Current formation of Nifty bank on point and figure chart is bullish ABC breakout also proce is trading above major bearish 45 degree trendline is a sign of bullishness If trend continues we may expect some more upside move till 45386 (Marked on chart). Nifty Bank short term support is near 43300-43400 and short term resistance is 44155-44255.

Current formation of Nifty 50 on point and figure chart is bullish ABC breakout. If trend continues we can expect 18700-18900 in coming days. X% breadth of Nifty 50 is in neutral zone so any breakout trade will be opportunity for fresh entry. Short term support is near 18000-18100 and short term resistance is 18800-18900.