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NSE-INDIA

Nifty long-term chart analysis give a story from 2000 to 2020.Following patterns are found for data of 2015 to 2019 (5 years data) on weekly candle chart. Channel pattern Flag Patterns Currently running Head and Shoulders pattern Remarkable zone 1, 2 and 3 Head & Shoulders pattern is still uncompleted with right shoulder. The neckline target is 10063 At the remarkable zone, its has highly price rotatio n detected with tails As per channel pattern , the range is 12600 to 10900. The gravitating target 12000 for nifty. Conclusion, break 10900 below nifty can draw more downward. History may not repeat itself, but Chart pattern gives you data points and insights to understand how the market can behave in the future. Weekly candle chart for the spot NIFTY from 2000 to 2020 until the present. Patterns, uptrend, downtrend, or sideways trend, etc are drawn. We have divided this data in 5 years data chart. Comparing the four charts that We have generated, conclusions was written. There're many similarities and difference was found. We can get clear picture of NIFTY for next price move. Case 1 (2000-2005) Lot of time and brainpower attempting for technical analysis. Case 2 (2005-2010) Technical Chart patterns on nifty. Case 3 (2010-2015) Chart the weekly data for the NIFTY.
NSE:NIFTYEducation
by Trade-Technique
22
TATA Power adds more power to their Kitty!NSE:TATAPOWER Tata Power's 50:50 joint venture with Exxaro Resources in South Africa, Cennergi (Pty) announced commencement of commercial operations for its 95 MW Tsitsikamma Community wind farm project on Thursday. Technically on weekly chart, price is moving up from a significant base formation and consolidation. I expect price to hit 90 levels over next few months. Keep 70 levels as stop-loss and trade cautiously. Volume spike over last two spikes indicate that smart money is investing in the script.
NSE:TATAPOWERLong
by Sg_bangalore
NMDC ...breakout after consolidationNSE:NMDC .NMDC India's largest Iron ore producer is going to benefit from firming of Global prices. With the revision of Chinese GDP growth rate by Moody's, I expect commodity prices to hold its reins over next few months. NMDC has formed firm base around 90-100 levels and It has consolidated over six months. It is on the verge of breakout from cloud and Momentum is visible both on weekly and daily charts. One can expect 130 levels over next few month. Keep your stop loss around 90 and trade cautiously.
NSE:NMDCLong
by Sg_bangalore
Monsoon fuels Jain irrigation NSE:JISLJALEQS Excellent Monsoon rains can help Jain irrigation to increase their revenue in coming quarters. After few years of drought several government initiatives to support Micro irrigation systems is also in its favor. Results are due on August 12th , so some care is required while trading but the target is 80 for the coming month and one can see easily 92 levels in next few quarters Technically stock has been in sideways to bullish trend for over six months. MACD has just turned Bullish on daily charts and price is above Ichimoku cloud. I expect a breakout this month.
NSE:JISLJALEQSLong
by Sg_bangalore