Market outlook and stocks to watch for the upcoming week.
(2nd May-6th May) (๐งต)
#Stocks2Watch #Elearnmarkets #StockEdge #stockEdgesocial ๐
(2nd May-6th May) (๐งต)
#Stocks2Watch #Elearnmarkets #StockEdge #stockEdgesocial ๐
Step by Step Approach:
Step 1: Broad market analysis
Step 2: View on Nifty & Bank nifty
Step 3: Strong & Weak Sectors
Step 4: Strong & Weak Stocks ๐
Step 1: Broad market analysis
Step 2: View on Nifty & Bank nifty
Step 3: Strong & Weak Sectors
Step 4: Strong & Weak Stocks ๐
1.Broad market analysis:
Dollar index has given a multi-year breakout on the upside- a negative factor for our
equity markets ๐
Dollar index has given a multi-year breakout on the upside- a negative factor for our
equity markets ๐
Crude Oil is in a consolidation phase, but above (108-110) levels, we can further see an
up move - also a negative factor. ๐
up move - also a negative factor. ๐
2.#Nifty Analysis
Nifty is expected to move in a range of (R=17400 & S=16800).
Above 17400 (bullish trend) & breaking below 16800 (bearish momentum) Trading below its MA. ๐
Nifty is expected to move in a range of (R=17400 & S=16800).
Above 17400 (bullish trend) & breaking below 16800 (bearish momentum) Trading below its MA. ๐
3. #BankNifty Analysis
Underperformer Vis-a Vis Nifty
Bank nifty (R=35700 & S=35500)
RSI -50 acts as a resistance
Trend is negative. ๐
Underperformer Vis-a Vis Nifty
Bank nifty (R=35700 & S=35500)
RSI -50 acts as a resistance
Trend is negative. ๐
4.Strong Stocks: #TATACONSUM
Above resistance zone of (823-836) stock is expected to hit 860 levels.
-Strong upward momentum is clearly visible.
-Bullish Crossover in moving averages
-Volume is above average & RSI is above 50 ๐
Above resistance zone of (823-836) stock is expected to hit 860 levels.
-Strong upward momentum is clearly visible.
-Bullish Crossover in moving averages
-Volume is above average & RSI is above 50 ๐
5.Strong Stocks: #INDHOTEL
(R=260 & S=230)
-Above resistance of 260 it is expected to show further up move.
-Strong upward momentum
-Major Indicators RSI & RS both are positive. ๐
(R=260 & S=230)
-Above resistance of 260 it is expected to show further up move.
-Strong upward momentum
-Major Indicators RSI & RS both are positive. ๐
6.Strong Stocks: #EASEMYTRIP
Stock is about to give a breakout above (R=415 & S=390) & expected to hit (445-450)
levels soon.๐
Stock is about to give a breakout above (R=415 & S=390) & expected to hit (445-450)
levels soon.๐
7.Strong Stocks: #BSE Ltd.
(R= 970 S=860)
-Stock Follows a text book style Dow Theory
-Above 970, the stock is expected to hit 1035
-Price breakout with good volume
-13-30 moving averages bullish convergence
- RSI closed above 50 levels ๐
(R= 970 S=860)
-Stock Follows a text book style Dow Theory
-Above 970, the stock is expected to hit 1035
-Price breakout with good volume
-13-30 moving averages bullish convergence
- RSI closed above 50 levels ๐
8.Weak Stocks: #IBREALEST
Expected to reach levels of 75
-Stocks breakdown below the multi-support level of 103
-Bearish Flag pattern formation
-Major indicators are bearish ๐
Expected to reach levels of 75
-Stocks breakdown below the multi-support level of 103
-Bearish Flag pattern formation
-Major indicators are bearish ๐
9.Weak Stocks: #NATIONALUM
Bearish wedge pattern formation breakdown
-Stock breakdown below the multi-support level of 113
-Trading below the 13-30 moving averages.๐
Bearish wedge pattern formation breakdown
-Stock breakdown below the multi-support level of 113
-Trading below the 13-30 moving averages.๐
10. Watch the complete analysis #Stocks2Watch and a step by step approach how a
retail market participant should analyse the markets.
youtu.be
retail market participant should analyse the markets.
youtu.be
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