Weekly Market Analysis For 23 SEP 2024 / Breakout Stocks For Trading And Investing

FINSTOCK

Hello everyone.... Welcome to FINSTOCK, your go-to destination for unlocking the secrets of the stock market and mastering the world of finance!   About Us: At FINSTOCK, we're passionate about empowering you with the knowledge and insights needed to navigate the dynamic landscape of the stock market and financial markets. Whether you're a seasoned investor, a curious beginner, or someone looking to enhance their financial literacy, our channel is designed for you!  What to Expect:  In-Depth Market Analysis: Dive deep into market trends, explore economic indicators, and stay ahead of financial news to make informed investment decisions.  Risk Management and Trading Psychology: Learn how to manage risks, control emotions, and develop the right mindset for successful trading and investing.  Educational Content: Access comprehensive tutorials, guides, and educational series to enhance your understanding of financial instruments, market mechanics, and investment principles.  Referral link: https://kyc.swastika.co.in/customer/login/F4FBBF2A  Channel link:  https://www.youtube.com/@finstock12  Whats aap Group: https://chat.whatsapp.com/HRyARBhyf8XCEJaQ3h7NHH  https://twitter.com/Shreyash_87  #trading  #mistakes  #stocks  #stockmarket #Breakout stock  #mutualfunds  #futures  #nifty  FUTURES & OPTIONS BANKNIFTY Best breakout stocks for tomorrow Defense stock #STOCKMART  #angelbroking​ #banknifty​ #bestbreakoutstocks​ #bestshareforintradaytrading​ #beststockstobuynow​ #breakoutshares​ #breakoutstocks​ #breakoutstocktomorrow​ #breakoutstrategy​ #breakouttrading​ #bse​ #bullishstocks​ #bullmarket​ #candlestickpatterns​ #chartpatterns​ #dailybestintradaytips​ #daytrading​ #daytradingindia​ #daytradingtips​ #dividendinvesting​ #economicgrowth​ #financialeducation​ #financialmarkets​ #financialnews​ #fundamentalanalysis​ #hotstocks​ #howtoinvest​ #indianeconomy​ #indianfinance​ #indianstockmarket​ #intraday​ #intradaybanknifty​ #intradaybreakout​ #intradaycall​ #intradaysetup​ #intradaystock​ #intradaytrading​ #intradaytradingstrategies​ #investing​ #investinginindia​ #investmentinindia​ #marketanalysis​ #marketforecast​ #markettrends​ #marketvolatility​ #marketwatch​ #moderninvesting​ #nifty​ #niftyanalysis​ #nse​ #positionaltrading​ #sensex​ #sharemarkettoday​ #sharemarket​ #sharemarkettips​ #stockanalysis​ #stockcharts​ #stockmarket​ #stockmarket2024​ #stockmarketanalysis​ #stockmarketbeginners​ #stockmarketmastery​ #stockmarketnews​ #stockmarketoutlook​ #stockmarketstrategy​ #stockmarkettips​ #stockmarkettrading​ #stockmarkettrends​ #stockmarketvolatility​ #stockpicks​ #stocks​ #stockstobuy​ #stockstowatch​ #stocktoexplode​ #stocktrading​ #stockwatchlist​ #swing​ #swingstocks​ #swingtrade​ #swingtrader​ #swingtradingweekly​ #swingtradingstocksfortomorrow​ #swingtradingstockselection​ #swingtradingforbeginners​ #swingtradingstocktechnicalanalysis​ #swingtradingstockselection​ #swingtradingweekly​ #swingtradingstocksfortomorrow​

Transcript

00:00Hello friends, welcome back to our Nerf Newstalk

00:10Today we are with yet another episode of our weekly market analysis series

00:15So as you know, in this series, after closing the market on Friday

00:20we will analyze the indices which we have performed last week

00:26and on that basis, we will check the stocks in those indices

00:32and on the basis of their performance, we will define our strategy for next week

00:37So, the week which ended on 20th September

00:43in that, reality index, bank nifty and financial services

00:47these three indices showed outperformance

00:51in which, reality index 4.5%

00:55bank nifty 3.6%

00:58and financial services showed outperformance of 3.38%

01:03and the underperforming sectors were IT, media and pharma

01:07so, outperforming sectors like reality, bank and financial services

01:14so, in this series, we will screen out some of the stocks

01:17and then we will discuss how to make money out of them

01:21so, friends, you watch our videos, but you like them

01:26share them with your friends

01:28subscribe to the channel and press the bell notification

01:31so that you will get updates of new videos

01:35so, now we will go to the chart

01:39and discuss the stocks in these indices

01:44so, now we are on the trading view platform

01:48so, we have opened the trading view

01:51and as we discuss every time, we will take a look at nifty and bank nifty

01:57so, as we were saying, nifty is a level of 25100

02:04that can act as a resistance

02:06so, if you see here

02:08the first time it tried here

02:11and the next week, it respected the resistance and came down

02:18but in the last two weeks, bank nifty has given us a confirmation

02:26that it is more bullish and can go up

02:30and if you notice, in the last week when it closed

02:34this candle has formed with a gap up opening

02:38so, it means that there is a strong momentum in the nifty index

02:45because in the weekly chart, gap up and gap down are seen very rarely

02:51so, if it opens with a gap up and if you see the candle, it is very bullish

02:55because in the upper side, we don't see the weak

03:00almost the high of the close has closed

03:04so, that is the meaning that the nifty is very much strong and very much bullish

03:11so, in the coming weeks, we will have to think about buying

03:17and we will not think about buying or selling our stocks

03:25so, let's take a look at bank nifty

03:28this is the weekly chart of bank nifty

03:31as we were discussing, this is going on in the channel's diary

03:34and as we told you in the last week

03:38it gave a break out to the midline

03:41and the next resistance, the all time high

03:45may respect it

03:48but this time, it has already given a weekly close

03:52so, in the next week, if the nifty goes above the high

03:59so, more bullish momentum can come

04:02so, this high which is of 54,066

04:06that level is very important

04:09if it goes above that

04:11so, in this week, we will see more bullish moment

04:16in the bank nifty stocks

04:17so, as you know, bank nifty is the index of banking stocks

04:21so, we have to keep the banking stocks in our radar

04:25and if you see, in this week's outperforming sector

04:30both the banking and financial sectors already have momentum

04:36so, the stocks of this sector will be bullish in the next week

04:43so, friends, let's go to the chart

04:46and one by one, let's discuss the stocks that we have screened out

04:53so, friends, the stocks that we are discussing here

04:57there is no recommendation of buying or selling

05:00whenever you want to make a position in this

05:03so, study it yourself or discuss it with your financial advisor

05:08and make a position after that

05:10if you make a position without asking anyone

05:14so, maybe you can take a big loss in this

05:19and if we take a loss

05:21so, our entire financial journey

05:25if the loss becomes big

05:27so, it will be disturbed

05:29maybe it can be destroyed

05:31so, study it yourself or discuss it with your financial advisor

05:37and make a position in any stock after that

05:41so, the stocks that we will discuss now

05:44we will discuss the stocks of the financial, bank and reality sector one by one

05:50so, the first stock is Bajaj Fincer

05:53which is a stock of the financial sector

05:57so, we have opened the weekly chart of Bajaj Fincer

06:03if you see, it has given a close above its all-time high

06:09it has displayed it

06:11so, maybe it will take a pause in this week

06:16because if you see

06:18from around 1500 to 1550

06:22this stock is continuously making green candles

06:28means, it is not selling anywhere

06:30so, it is near its all-time high

06:33so, maybe it will take a pause in this week

06:36and if in the next week, it goes above it

06:41after taking a pause

06:43so, we will get a bullish momentum

06:47but, maybe it will go above it

06:52and then it will come to retrace this level

06:55so, whoever wants to make a position in it

06:58so, if we want to put Rs. 1 lakh in it

07:01so, first we will put Rs. 25,000

07:05and the next thing we have to put

07:08we will decide it after seeing its momentum

07:13so, we have to put Rs. 25,000 in it

07:18and after this, we have to decide

07:21how it shows its momentum

07:23maybe it will take a pause in this week

07:24and after that it will give a breakout

07:25so, we will put another 25% or 50% in it

07:30if it goes above it

07:32and if it makes a false candle

07:37or green candle in any week

07:39so, we will put some percentage in it

07:43so, we will invest in it after seeing different scenarios

07:49and our stop loss will be below this candle

07:52which will be below Rs. 1840

07:54so, this was our analysis for Bajaj Finance

07:57now, the second one is HDFC Life

08:01so, HDFC Life is our second stock

08:04this is also the same

08:06so, its all time high

08:08it has taken a rejection

08:10and this support line

08:12which is the resistance

08:14it has made a candle

08:17which is a spinning top type candle

08:19so, if you see

08:21this level is around Rs. 711

08:25and its high is Rs. 721

08:27so, if this is a high break of Rs. 721

08:29in any candle daily

08:31so, we will make a new position in it

08:33and our first target will be Rs. 755

08:35and after this we can remove the next target

08:39if we want to remove

08:40so, our next target will come

08:42this level

08:43if we project it up

08:45so, we will get the target

08:47if we see

08:49we can get a target of Rs. 976 or Rs. 975

08:54which will give us a 30% return

08:56so, we will make an entry in it

09:00and when we will make an entry in it

09:02after Rs. 721

09:04so, our stop loss will be

09:06it will be around Rs. 685

09:09so, whenever we want to make an entry in it

09:11so, after Rs. 721

09:13and after Rs. 685

09:14so, we have to make an entry with stop loss

09:15and if you see

09:17here is RSI

09:18which is taking support on Rs. 60

09:20we can see

09:21so, from here

09:23it can go up

09:25so, this was our analysis for financial services

09:27now, the next sector was

09:29Banking sector

09:30Bank Nifty

09:31so, out of that

09:32the stock which we have analysed

09:33is HDFC Bank

09:35so, now

09:36we will analyse HDFC Bank

09:38so, this is HDFC Bank

09:39we have got the weekly chart

09:41if you see

09:42so, it was trading in the same range

09:44this period here

09:46which will come

09:48from October 21

09:50this period

09:52it was trading in the same range

09:54so, from here

09:56it has given a breakout

09:58which is

10:00the level of 1711

10:02it has given a breakout

10:04it is a breakout with a strong candle

10:06so, we can make an entry in it

10:08and the volume is also coming good

10:11so, we will make an entry in it

10:13which is

10:14the current level

10:15we have to make an entry in it

10:17and same

10:18if we want to put 100%

10:19so, first we will put 25%

10:20and 50% now

10:21and our initial stop loss

10:23will come around 8%

10:24which is the lower level

10:25of 1700

10:26and then

10:27if it stays here

10:28for some time

10:29some weeks

10:30and then it will give a breakout

10:31so, we will make a new entry

10:32after that

10:33or

10:34if it goes up

10:35and comes down again

10:36in 1-2 weeks

10:37so, we can make another entry

10:38after this level

10:40so, this was our

10:42analysis for HDFC Bank

10:43and our target

10:44which we have seen

10:45we have seen

10:46almost

10:472000 level

10:48which is a very good

10:49target here

10:50and now

10:51if we see from here

10:52so, we will get

10:53around 15% return

10:54in this

10:56so, this was HDFC Bank

10:57then

10:58next is

10:59Bandhan Bank

11:01Bandhan Bank

11:02so, this stock

11:03is a very

11:04underperforming stock

11:05of the banking sector

11:06if you see

11:07then Bank Nifty

11:08which is

11:09actually

11:10is making high on high

11:11and this stock

11:12is making low on low

11:13so, in such stock

11:14any trader

11:15should never

11:16invest

11:17actually, it is recommended

11:18that

11:19in any

11:20falling stock

11:21should never

11:22invest

11:23but

11:24if you can

11:25take some risk

11:26then only

11:27we will invest

11:28and here

11:29our stop loss

11:30will come

11:31of this level

11:32because

11:33if we see

11:34then

11:35from many weeks

11:36almost

11:37we see

11:38so, April 24

11:39means

11:40from 6 months

11:41if we see

11:42so, it is trading

11:43in one level

11:44and it does not

11:45go below this

11:46so, it means

11:47that

11:48accumulation

11:49has started

11:50if you see

11:51the trend

11:52it is going up

11:53means

11:54here

11:55slowly

11:56some big people

11:57have started

11:58accumulating it

11:59in lower level

12:00so, generally

12:01if you see

12:02FII's and DI's

12:03they accumulate

12:04the stock

12:05after coming

12:06in lower level

12:07and then

12:08increase their

12:09profit

12:10so, according to that

12:11we also see

12:12an opportunity

12:13but

12:14we have to

12:15invest

12:16with strict

12:17stop loss

12:18so, in this

12:19if we expect

12:20target

12:21so, our new

12:22target will come

12:23first target

12:24will be 21%

12:25and second

12:26will be 57%

12:27but

12:28with strict

12:29stop loss

12:30I repeat

12:31any technical

12:32analysis

12:33they do

12:34in any

12:35falling stock

12:36they do not

12:37recommend

12:38buying

12:39and

12:40if you

12:41do trading

12:42in any

12:43falling stock

12:44we do not

12:45want to

12:46invest

12:47but

12:48we

12:49do

12:50not

12:51want

12:52to

12:53invest

12:54in

12:55any

12:56falling

12:57stock

12:58we

12:59do

13:00not

13:01want

13:02to

13:03invest

13:04in

13:05any

13:06falling

13:07stock

13:08we

13:09do

13:10not

13:11want

13:12to

13:13invest

13:14in

13:15any

13:16falling

13:17stock

13:18we

13:19do

13:20not

13:21want

13:22to

13:23invest

13:24in

13:25any

13:26falling

13:27stock

13:28we

13:29do

13:30not

13:31want

13:32to

13:33invest

13:34in

13:35any

13:36falling

13:37stock

13:38we

13:39do

13:40not

13:41want

13:42to

13:43invest

13:44in

13:45any

13:46falling

13:47stock

13:48we

13:49do

13:50not

13:51want

13:52to

13:53invest

13:54in

13:55any

13:56falling

13:57stock

13:58we

13:59do

14:00not

14:01want

14:02to

14:03invest

14:04in

14:05any

14:06falling

14:07stock

14:08we

14:09do

14:10not

14:11want

14:12to

14:13invest

14:14in

14:15any

14:16falling

14:17stock

14:18we

14:19do

14:20not

14:21want

14:22to

14:23invest

14:24in

14:25any

14:26falling

14:27stock

14:28we

14:29do

14:30not

14:31want

14:32to

14:33invest

14:34in

14:35any

14:36falling

14:37stock

14:38we

14:39do

14:40not

14:41want

14:42to

14:43invest

14:44in

14:45any

14:46falling

14:47stock

14:48we

14:49do

14:50not

14:51want

14:52to

14:53invest

14:54in

14:55any

14:56falling

14:57stock

14:58we

14:59do

15:00not

15:01want

15:02to

15:03invest

15:04in

15:05any

15:06falling

15:07stock

15:08we

15:09do

15:10not

15:11want

15:12to

15:13invest

15:14in

15:15any

15:16falling

15:17stock

15:18we

15:19do

15:20not

15:21want

15:22to

15:23invest

15:24in

15:25any

15:26falling

15:27stock

15:28we

15:29do

15:30not

15:31want

15:32to

15:33invest

15:34in

15:35any

15:36falling

15:37stock

15:38we

15:39do

15:40not

15:41want

15:42to

15:43invest

15:44in

15:45any

15:46falling

15:47stock

15:48we

15:49do

15:50not

15:51want

15:52to

15:53invest

15:54in

15:55any

15:56falling

15:57stock

15:58we

15:59do

16:00not

16:01want

16:02to

16:03invest

16:04in

16:05any

16:06falling

16:07stock

16:08we

16:09do

16:10not

Category

Transcript

Recommended