Somebody asked for #Ultratech #Cement - Sharing my view. One drop to 3900 and below is necessary before any further rise.

Must observe this chart very carefully for the reason that the price is at the confluence zone of 40 weeks MA, a bearish H&S top that has not been activated yet, and the lower boundary of the channel formation.

I call these zones critical areas.

Bank of Baroda

#NIFTYIT #CNXIT
Date : 18th June
~ H&S Breakdown target almost achieved
~ Looks like it may underperform for another 2-3 weeks

You can refer below thread for other IT stocks.

#WIPRO Monthly chart says good to add at current level
MULTIYEAR Breakout channel retest

#TCS Good to accumulate near 2900 level

#INFY #Infosys Good to accumulate near 1350 as per weekly chart

More pain if weekly closing below 1310

7 effective trading journal tools that you can use to make better decisions (instead of just maintaining a trading journal):🧵

Collaborated with @AdityaTodmal

Lets start with the harsh truth.

80% of traders just maintain a trading journal and never evaluate.

Recording your trades on day-to-day basis is just maintaining a trade book which your broker can furnish anytime.

Hence this exercise of recording trades is simply futile.

Things to record in the Trading Journal:

1.Long/ Short
2. Symbol
3. Qty
4. Buy Date
5. Buy price
6. Sell Date
7. Sell price
8. Profit/Loss
9. SL
10. % of cap risked
11.RoI %
12.RoCE %
13.Days held
14.R/R
15.Set up used

Once all the records are in place you need to build an analytics tool.

Trade records on its own is just the raw data which needs to be processed to derive info out of it.

Record your 50 or 100 trades.

Thereafter, analyse the following:

1. No. of wins
2. No. of Losses
3. % of winning trades ( No. of wins/Total trades)
4. Avg gain %
5. Avg loss %
6. Gain to Loss ratio ( 4./5.)
7. Reward to Risk ratio
8. Open Risk

If you are a beginner and don't have any idea why the market is falling continuously.

Read Stan Weinstein's Book.
Read What is "Stage 4" and believe me there is no better explanation than that I found till today.

SRF..Now waiting for it to break the support..Stage 4 to begin soon @JayneshKasliwal @stageanalysis

A thread of strength in the market.

An analysis which I did during Covid crash with @MashraniVivek on which sectors and stocks were strong, and we did pick pharma, chemical early cycle. Though we do not know where market is heading, doing such exercise always helps to find

strength when market bottoms. Of course, it requires much more reading and conviction building and hence should be taken only as a starting point. Here is how this list has been generated
1. Pick top 500 companies
2. Find list of companies which have fallen < 10% in last 3 months

Totally 61 out of 500 stocks.
This is how the sectors come up.
✍️Auto and Capital Goods stand out
✍️Do not ignore defence for sheer count as there are few companies in sector
✍️Next pocket looks like few beaten down sectors/stocks where may be value is emerging - FMCG, Pharma

List of stocks - Auto tops the list followed by capital goods, bank and financial, pharma and defense. Disc: I am biased towards auto n financials (keeping FII selling risk aside). Also, this is still a watchlist activity and I am not acting on it except being

invested in few auto n banking names. Please do your own due diligence. I am not a registered investment advisor and this is not a recommendation. Follow @ScientificInve6 and our Youtube channel for more such

#BDL
This is how new sector/stock emerges in a bear market. Even though the smallcap/midcap stocks beaten down hardly, still it held up 21 EMA nicely. Whenever the stock tested 21EMA it rebound like the action of the spring.

Not a buy recommendation.

WTI #CRUDE OIL -115.58$

Daily chart.

#MACD indicate and making clear picture...

#Probability

Gold to dxy has made a double bottom on weekly. Gold is showing a breakout on daily falling trendline.
In the correction everything falls, first to move up is gold, followed by equity

@nishkumar1977 @caniravkaria

For first time Dxy correcting with markets, bearish divergence on dxy charts as well

#Nifty near its weekly 108ema {15300) last time that was tested was back in Sept 2020 which then led to a very strong rally. For now, lets see if it holds and gives a bounce (reversal can be reviewed later)

Monthly 34ema is at 14600, if the weekly support fails to hold then this becomes the next major and super one to start aggressive buying near it

The immediate resistance is at daily 13ema currently at 16000 (will dip down). Only if Nifty breaks and sustains above it will I consider a bottom done, else will treat it just like a bounce in case it turns before testing the Monthly 34ema

The last leg of every correction is always severe, all you read/hear is utter chaos. From today start looking at stocks you would like to add to your portfolio for the MEDIUM/LONG term - we are almost there. Happy Investing!

#BankNifty 2017-2018-2019-2022

All the major dips in this period arrested at 100wema.

Weekly long term moving averages.