NIFTY
As per this 1st chart we see that 1st swing's 61.8% is almost done last Friday.if fall till 100% then is may touch 17157 level.
As per this Daily Chart we see that after August-2022 1st time close below 20-50-100 MA.and 200 MA currently at near 17285.
As per this Line Chart we see that last swing 16819 to 18811 range 61.8% is near 17580 nad last close near that lvl at 17604. So if break and close below 61.8% then High chance for 78.6 is near 17245 and 100% is near 16819 in coming days.
As per this Weekly Chart we see that last swing 15181 to 18888 range 38.2% is near 17471 and last Friday Nifty made low near that level at 17493 and we see some 100+ point bounce from that level.
So Summary is that last Friday low 17493 and 38.2% is near 17471 if hold then we see some bounce till 17750-17850-18100 level in coming days. and if break that levels and sustain below that then we see 17285-17245-17157 in coming Days.
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As this NSE500 Moving Average Ratio Chart we see that is again at last swing low near 21% stock above 50D MA and 42.5% Stock above 200D MA. is One kind of over sold Zone that near 80% stock below 50D MA.
As per This NSE500 Moving average ratio chart we see that Near 43% stock above 50W MA which is near last swing low, But above 200W MA is at last 4-5 month low and Break last 2 swing low also. So inside market breath is Weaker. So Hold Long Position With strict stop Loss is advisable, rest ask your Financial planner and take Your own Decisions.
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NIFTYBANK
As per this Monthly Chart we see that fall from Resistance line of rising wedge and forming a "BEARISH EVENING STAR".(2 TRADING DAYS LEFT IN MONTHLY CLOSE).
If Confirm on 31th Jan-2023 Then we may see more down side below monthly Low. And Channel is Multi Year and many tops so is important is Higher.
As per this Weekly Chart we see that up side Breakout is fail if fail to sustain above 41800-42000. then breakout fail reaction may sharp possible.
As per this chart we see After August-2023 1st time break 21W MA and Close below that. in coming days 38.2% is near 39620 hold then we see some bounce and if fail and then fall then we see 50 & 61.8% in coming weeks.
As per this chart we see that after August-2023 1st time on daily close below 20-50-100D MA.
So summary is that if hold This Month January-2023 Low in Next month and Hold 38.2% near 39620 then good otherwise we see pattern fail reaction may very Bed and May Very Sharp.
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BHEL
As Per this Weekly chart we see that 66-64 is Cluster Zone as per 50% of last swing from 41 to 91 and 100% of last fall from 91 to 73 and then 83.5 is near 65.1 and as per chart white zone some swing top and consolidation zone is also in same range. so as per my view is this zone is good Support and Demand Zone.
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HDFCBANK
As per Weekly chart we see that last week made 3rd Lower top near 1722-25 zone and made a high 1702 and made "OUT SIDE REVERSAL"candlestick pattern. IF coming days fail to sustain Below 1575 then we see some selling in this stock in coming Days.
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HDFC
As per Thsi Weekly chart we see that made a Triangle Formation and last week fall from Resistance Line of Triangle. If in coming days fail to cross Resistance line then we see some Down move in this Stock.
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TATAMOTORS
As per this chart we see is in Triangle Formation and after break that support line but fail to Close Below that candle then we see again enter in pattern with good Volume and candle formation. if cross last week High 454 and sustain then we see more upside in coming days till 471 resistance line of pattern and if cross then we enter in NEW upside journey in coming weeks.
As per this chart we see that close above last swing High and Made High near 61.8% of last swing.
Last swing High to Low take 4 week and this time rise more in 4 week. so we may cross 471 and see 494-527 in coming weeks.
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RELIANCE
As per this Weekly chart we see break rising channel and close below that with good volume. 21&34 Negative Cross over also there.
As per this Vertical support we see 2311 is last swing low. So if coming week Hold this level then we see some Bounce and if fail to Hold that then we see more down side till 2247-2180 and 200W EMA near 2050 in coming Weeks.
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Sector Ratio Chart With NIFTY
As per this Sector Ratio Chart we see that Only 2 sector AUTO and FMCG shop up tick rest all Sector on down move. So coming Weeks is important for market Direction.
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