76. HDFC Bank Bajaj Finance Bajaj Finserv MSUMI PSP Projects Sigachi Industries Adani Energy #TCT #Finance

disclaimer this CashNews.co is created for educational purpose before taking any investment please consult with your financial adviser Hello friends in this CashNews.co we are going to discuss about Nifty and Bank Nifty analysis after that we’ll be seeing few stocks for the past few

days I didn’t posted any CashNews.co I have mentioned this in my uh Tuesday Morning CashNews.co uh at the time I clearly mentioned that I actually having a PD wo examination on Friday so that is completed successfully uh so right now I’m uh I got a PhD degree So based on Nifty analysis

uh about Stock Market uh on the last week uh Nifty has indicated a very big uh bearish engulfing candle I have indicated this kind of a fall many times during this run up and also during this run up also right now while checking this uh Nifty chart in day uh in Day candle we can

able to see that exactly I have posted a CashNews.co on this particular day I mentioned that uh we’ll be seeing some kind of a uh further fall up to this particular zone so if it reaches here we can expect some kind of a support on last week the closing exactly happened on the same place and

also with that uh if Nifty is closing below 25,000 in a weekly candle so we need a weekly closing at uh 25,000 below for the further fall so if it is falling below like that uh we’ll be seeing some kind of a very big fall or else we’re going to see some kind of a very big consolidation

from this particular placeas uh so we’ll not be seeing some kind of a further rally if it is closes below 25,000 that is what my expectation it is based on on the uh renco chart similarly Bank Nifty so Bank Nifty is also reached the important level I have mentioned during this particular time

so if it breaks this Zone we can expect the next kind of support over here uh so still there is some kind of a gap and also during that particular time I have given um two stocks that is SBA and HDFC bank I mentioned that both stocks are trading at the very very crucial Point uh so either

we’ll be seeing some kind of a very good fall or else we’ll be seeing some kind of a very good run up in Bank Nifty based on that we can expect the same kind of run up in Nifty also but uh that particular stock that is HDFC Bank it is exactly fallen and also with that it looked like

this same kind of analysis that is if you’re checking the bank Nifty chart it looked like same and also if you’re checking the HDFC Bank out it look it was also looking like the same kind of candles uh so HDFC Bank drag the bank Nifty very well and also with that the other stocks also

joined with this particular stock for the very big fall and while checking this particular HDFC Bank in a weekly chart we can able to see that there is a very big bearish engulfing candle and also it took like a evening star kind of pattern or it is exactly a Evening Star So based on this evening

star pattern um HDFC Bank needs to fall fall from here that is what it is expecting and also that it is exactly created on the resistant Place uh right now we can expect the fall up to the level of 1,600 then if it breaks this candle low that is 1,588 in the bottom we can expect the uh another one

more very big fall in HDFC Bank uh So based on that uh we can expect the next level of support at 1,400 rupees uh that we have already picked during this particular fall and also that we can expect the same kind of support at 1,400 if it breaks that level we can expect the next support I have

mentioned earlier that is 1,200 okay the next is baj Finance so baj none;">Finance also showing same kind of bearish engulfing and also I have mentioned that if it breaks this level we have we are having the next level of uh resistance Zone that is a selling Zone at this particular level based on that it is exactly respected for the past 3 weeks from that place

we got a very big selling pressure on the last week it is a expected one and also I have I was expecting it can go up to the next level but it is rejected from the first level itself and also right now baj text-decoration: none;">Finance is falling so we can expect the next level of support on this particular trend line then the next support will be in between 6,400 to 6,150 that will be the very very important level we have already taken the stock exactly on the same place right now we can

expect the same kind of support on the uh same price that is 6,400 to 6150 the next is baj finser when compared with baj fance baj finser looks very very attractive because we picked that exactly over here and also this stock made a recent alltime high on the uh two weeks back and also with that

currently it looked like it is retesting this previous resistant kind right now it should act the support so we can expect some kind of a reversal from here it is what the Last Hope but if it is closing below uh if it is moving Below 1,840 in the downside we can expect the next level of support at

1730 rupees uh that is what the next level of support after that we can expect this trend line will be acting as the important support okay uh for the further up movement uh this stock needs to break this candle high that is 230 rupees so if it breaks 230 we can uh Focus up to the previously

mentioned levels that are 2,500 the next is mothersumi wiring this stock is exactly that means we have mentioned during this particular run line breakout but that run line breakout is not yet sustained uh so we can change that particular level that is right now we can alter this okay so while

checking this uh right now we are having three touch point over here so if it is breaking this trend line we can expect the up move similarly if by checking in a weekly chart here we already got a resistant trend line that was actually broken on 10th June right now this line was acting as a support

over here and also in the last week also this stock is clearly reached the same level of support and also with that there is some kind of a smaller bounce back and here we are having another one more support line This is started from the price called 58 uh it is on November 23 uh this line was

acting as the support line nearly for the um past many weeks so based on that we can expect the same kind of support over here uh so if it falls towards this level we can expect the support and also we can expect the bounce back if it breaks this R line we we can expect the fall up to the level of

uh 60 rupees and if it is reversing from here uh then uh we can expect up to the 79 or 80 rupees that is what the next level uh the next stock is uh PSB project uh I have already unlisted during this particular pattern level um this support trend line is nearly started from 2020 we got a multiple

touch point on the same places uh here right now the stock is exactly reach the support on line and uh it is made doy in the weekly candle so if the stock is breaking this doy high that is 660 rupees we can expect the upside moment uh that is up to this particular trend line that is what the first

level then if it breaks this level we can expect up to 8:30 but if it is breaking this candle low we can expect the fall the fall can go up to the level of 570 to 560 uh here we having the very very important uh support uh horizontal line that is a horizontal level because this level was acting as

the resistant in these places uh so that uh after giving a breakout this level was acting as the support So currently if the stock is very nearly to this particular level so we can expect the support on this particular uh like preor to that we can expect the support at 600 rupees also because while

checking this candle High it looked like a 600 rupees so we can Mark a zone that is this is what the support so it is nearly started from 600 rupes to to 560 rupees uh it is a very big uh level that means a 40 rupes level itself a very big level but we can expect the support at any point of time

okay the next stock is adani Green Solution uh this stock is actually moving in the consolidation nearly from the previous fall that means because of the henb report this stock is nearly fallen from the price of uh 4,200 or 300 uh and after that it has made a low of 650 rupees so after creating

this low this stock is still moving in the same kind of consolidation so it was actually a b consolidation nearly from 1,27 280 to 650 rupees after that uh nearly from December onwards that uh consolidation range is nearly reduced the bottom price is 900 and the top price is 1,280 that is what the

top price so if the stock breaks 9 900 in the bottom we can expect the next support at 650 rupees similarly if it breaks 1,280 and Al we need a weekly closing Above This level for the further up M uh so we can fix it as 1,300 also so this round off number so if it breaks 1,300 we can expect the

next level of upside moment that is up to um we can fix it level as 2,000 so that is what the next level of Target if it is giving a breakout on this particular level the next stock is sikachi none;">Industries so sikachi Industries is actually creating a pattern uh that pattern support was clearly broken on the last week uh and also we are having another one more support uh

very near to this current price that is 49 rupees 49 to 48 so if the stock reaches this level we can expect the support but for the further upside moment we need a breakout based on this particular trend line this trend line is only having a two touch point so first if it reaches here we can expect

some kind of a smaller selling pressure then if it is giving a breakout we can expect the next kind of up moment up to the level of uh 73.5 rupees or we can fix it as 73 or 74 okay so that’s all about this today’s CashNews.co I’m educating technicals through my membership so if

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