Market Showing Bottom Fishing With RSI Divergence..!

When global markets were on Christmas vacations, our market has shown profit booking. Then Nifty has shown smart recovery from 17800 and that is the weekly support. What next?

Global: The CPI numbers in the USA came as expected and the recession is looking under control. There are fewer chances to increase the repo rate in the future. China has almost unlocked everywhere which is a plus point for the metal sector. Overall global clues are neutral to positive and budget 2023 is coming. Our market reacts positively before the budget. Based on these all parameters and the chart structure of the Nifty 50 we are bullish. Let's discuss the chart in brief.

NIFTY 50: After a new lifetime high, nifty has corrected up to 17800 and that is very strong support on a weekly chart. Nifty has bounced twice from the same support levels. On the daily & hourly chart RSI showing Positive Divergence that’s why our confidence is high for the upside. As per Option Chain Data 17900 & 17800 are strong supports and there is no strong resistance. For the coming week, we are neutral to bullish on the market and will wait for a breakout to 18250. Once Nifty will cross this level then Double Bottom will be confirmed and we can expect strong up moves.

BANKNIFTY: PSU banks are bullish and those are holding to banknifty. It is also showing signs of reversal from support levels. Currently, 42000 is strong support and 43000 is reacting like resistance. On an hourly chart it has made Double Bottom and given Breakout. The overall structure is looking bullish.

Our view is to buy on dips near support levels.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.

ये Stocks नही खरीदे तोह क्या फायदा | These Stocks Can Add In Portfolio | Long Term

Friends, we have two stocks in our bucket and both are good to add in the portfolio for the long term from the current levels. One is from the insurance sector and another is from oil & gas. If we look at the business module of both companies then services and products are demanding. Both organizations are reputed and trusted in the market and are fundamentally strong. Let’s discuss them one by one.

HDFCLIFE: It is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises various insurance and investment products such as Protection, Pension, Savings, etc. The company is almost debt free and has a good market cap. The company is profit making and focusing on business expansion. From the pandemic, life insurance demand has increased. FIIs & DIIs are holding a good number of shares percentage.

The technical chart is also showing strength for up moves. On the monthly time frame stock has made Double Bottom and now giving a breakout. Weekly chart bulls have taken handover, so are expecting more up moves. The next hurdle is around 660/720 and immediate support is 590/565.

HPCL: Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining crude oil and marketing petroleum products, production of hydrocarbons as well as providing services for the management of E&P Blocks. We all know the demand for petroleum products in the India and world.

The stock price has given a breakout to Falling Wedge on a weekly chart. The stock has retested trend line support and now showing upside moves. We are bullish from the current levels. Immediate support is 225 and small resistance is around 265.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.

FINPIPE & HIKAL में इनवेस्ट करो और WAIT करो..!

We found two stocks that are looking good for investment purposes. Both have shown reversal signals on the long-term chart and the fundamentals are good. Let’s discuss this in detail.

FINPIPE: Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction, and industrial operations. The company is almost debt free and net profits are increasing. The company is focusing on business expansion. Sales growth is increasing and FIIs are also increasing stake. Overall business module and financials are strong.

As per history stock price has corrected 50% from the lifetime high. Now it has given a breakout to consolidation and RSI showing positive divergence. Current levels are good and there is no immediate hurdle on the chart. We are bullish from these levels and expecting 200/220 levels. Immediate support is around 165/155.

HIKAL: Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industries. The company is in the business of supplying research services, active ingredients, and intermediates for its customers. Hikal's manufacturing facilities have been inspected and approved by leading multinational companies in the Crop Protection and Pharmaceutical sectors.

This stock has also shown the same chart structure and given Cup & Handle breakout after the rest of 7-8 weeks. Share is ready for Higher High and Higher Low, we are expecting 450/500. Immediate support is around 350/300.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.

MARKSANS PHARMA BUY करो और HOLD करो..!

In the last write up we caught bank stock [Bank Of Maharashtra] and that doing well as per our expectations. Now we have found one more stock from the pharma sector which is Marksans Pharma Ltd. Marksans Pharma is engaged in the business of formulation of pharmaceutical products. Their key focus areas lie in the OTC & prescription drugs that have wide-ranging applications across fields like Oncology, Gastroenterology, Antidiabetic, Antibiotics, Cardiovascular, Pain Management, and Gynaecology, among others. UK & US are their largest customers contributing 42% & 43% respectively out of 25+ countries. The company aims to reach 2000 Cr. revenue in the next few years.

Chart Outlook: After the first lockdown stock price has risen from 10 and touched 98 i.e. almost 10 times. Again stock price come down to 40 and gave a reversal signal on the major time frames chart. On the monthly chart stock price is making Inverse H&S that is the trend change signal. On the weekly chart, the price has given a breakout to its down trendline. So we are expecting 20-30% up moves from the current levels for the medium to long term.

Fundamental Outlook:

1.      The company is almost debt free.

2.      Yearly net profits are increasing.

3.      The company is focusing on business expansion.

4.      It has a good cash flow.

5.      FIIs and DIIs are gradually increasing their holdings.

6.      Return on equity is around 20%.

If look at the product of the company then those are the demanding. Based on these all parameters we are bullish on the stock.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.

Bank Of Maharashtra Ready To Give 50% Profit | Diwali 2022

In the last month, RBI policy has been declared and the repo rate increased by 0.5. Increasing the repo rate is a plus point for banks and NBFCs. Due to inflation RBI can increase repo in the future so I am bullish on banking and financial stocks. When we look at the banking sector then most of people prefer private banks because they are strong as per valuation, service, and profits. However, as retail investors our focus is on small-price shares. Keeping this point in mind I found one PSU bank which is looking good on chart and fundamentals.

Weekly Chart: Bank of Maharashtra made a high of 32 in June 2021 and started to fall from that point. After showing a 50% correction and it touched a level of 15. Now share price is showing some strength for the upside. Recently, on the weekly time frame stock has broken its resistance of 18.90 and confirmed Inverted H&S. Inverted H&S is trend reversal confirmation and as per my view, this breakout happened due to Big Bulls. The current share price is around 19.80 and I am bullish from current levels. I am expecting up moves till 22-23 if the stock crosses these levels then it can show 30-35.

The company has a market capital of around 13300 Cr. and quarterly net profits are increasing. From last 3 years, net profits are increasing so the company is doing well. The company is focusing on business expansion which is a plus point for us. Also, the promoter has 91% share holding.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.

Nifty Is Ready For 16800..? | Market Outlook

In the last write up we discussed Nifty levels and it has reacted the same. We have seen good profit booking after touched to 17792. More profit booking can come ahead? I think yes, because of the global markets. In this last trading session, the American market has shown a big fall and closed at a day low. Dow Jones has given a breakdown to the trend line and confirmed Head & Shoulder. This is trend change confirmation and it is on the daily chart so the short-term trend will be down. American market impacts our market so we can see more correction in our market. Let's see the chart analysis of our index.

Nifty Weekly Chart: On a medium-term time frame Nifty has made Spinning Top but the lower leg is big which means the Bulls are active at the bottom. As per the options data, there are important support levels are 17500/17400. If the Nifty breaks these levels then the next support zone is around 17800/17600.

Nifty Daily Chart: Nifty has made bottom near 15300 and shown non-stop rally till the 18000. Now it is in the mood of profit taking and global clues are supporting. It has corrected almost 700 points in the last week. However, the American markets are not supportive so we can see more fall in our market. Also, on the daily chart, it has made Inverse Cup & Handle which is the signal of a trend change. We have to wait for confirmation and our trend will change for the short term. From the last three trading sessions, the Nifty is taking support from 20 DMA. If it breaks & closes below 17400 then we can see 17000 i.e. 200 DMA or on a breakout of 18000 we can see a new lifetime high. So be ready for both sides and stick to large-cap stocks only. SGX Nifty closed above 17400 and given respect to immediate support.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.

Does TATA POWER Have Power Of Up Moves?

TATA Naam hi kafi hai, in the last write up we had discussed TATA STEEL and it is working well. All Tata groups stocks are performing well and now Tata Power is looking good on charts. It has charging station contracts in two states. They can get more in the future, that is the reason we are bullish on it.

Monthly Chart: On the longer time frame stock is trading in a range from last 11 months and the range is 200 to 250. We can say it is making Flag and we have to wait for a breakout. If it gives breakout to 250 then it will touch 300 or more. Long-term investors can long from the current levels and immediate support is 200.

Weekly Chart: The stock price has taken fourth time support from 200 levels. Currently, it has made an Inverted Head & Shoulder that is the signal of a trend change. We are waiting for confirmation then we will enter in it for the medium term. Immediate support is around 220 and resistance is around 250.

Fundamental: Tata Power is in the business of Power Generation, Transmission, Solar roof manufacturing, and EV charging station. These business lines are good and demandable in the future. The company is profit making and they are focusing on business expansion. The company has good cash flow and the promoter has increased their shares holding by 10% in September 2020. Return on equity is around 8.5% and they are paying a heavy dividend.

Telegram: https://t.me/Intraday_King

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.