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Raju Ranjan
Pro User
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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
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Nifty 19800 TOI indicating that there could be some weakness in Nifty from here. It was bullish from morning till now.
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@Virpalsinh Chauhan Sir i will record one details video on 1 box reversal chart very soon.
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देखिये Market क्या लगता है ? @rajran06 के साथ | Promising Opportunities in Small Cap Pharma Stock
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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."
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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.
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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.
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BSE current market price is 762 . Superb move after indicated level.
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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.
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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.
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BSE stocks covered in previous weekly newsletter worked well and its almost 10% up today.
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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.
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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.
Index Re balanced
Nifty futures chart with MAST indicator
Intresting chart setup of RHIM
Nifty TOI 19800
EOD and Intraday Setup Discussion
Market क्या लगता है ? Nifty & Sector Outlook for the Coming Week |
देखिये Market क्या लगता है ?
Update on RATEGAIN
INOXWIND looks bullish in short term
RVNL looks bullish
Nifty bank weekly newsletter view
Nifty weekly view
BSE stocks UPDATE
TATACOMM looks more bullish on daily chart
Update PSUBANK
BSE stocks UPDATE
Sector and stock to watch for short term
Buzzing sector
Bank Nifty short term view
Nifty short term view