NIFTY 50, MARKET TREND!!INDIA WILL ALWAYS BE THE BEST INVESTMENT AT ANY ANY TIME. NIFTY 50 IS A GREAT INDICES TO BE INVESTED IN.
many of them ask will nifty 50 cross 18000 again this year, i say yes, and even say yes for one more question: will nifty 50 be still bullish in 2023.
there are many reasons of it, and i have covered it in my previous analysis(check the lin section).
i have drawn out the support and resistance based on the markets getting consolidated.
look at the FIBONNACCI RETRACEMENT, how greatly nifty 50 is respecting towards it.
Investment
Nike is the New K-Swiss? Sheesh! A reach, or plausibly true?Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation.
Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game because of the social reward it brings.
The pandemic for sure snuffed that.
Kids love tablets. Kids love Fortnite. As a matter of fact everybody loves video games and social media, as the human game moves from social to individual based lifestyles. We're moving into a main character world society.
So I see Nike either becoming a pure fashion house which is crazy, or just becoming a ranging chart eventually priced to hit zero as Nike fades away.
I think for any of these legacy brands that can't keep up with a static high quality product that stands the erosion of time. Look at Hermes, the pricing on that stock is ridiculous, with neutral technical readings.
What do you think?
Green, potential growth - Nike acquires supply chain integration that
overlaps reseller industry while maintaining
green business model. A new shoe tech maybe . But what tech can nike implement into its approach that can really groundbreaking without setting a new pricing model for its products?
Yellow - Nike is still cool but can't seem to
shake new innovations by competitor
entering the space. might get stuck in a
outdated fashion model as 2 - 3 new generations
of humans entering grade school might think
nike is for lames. thats if kids even care about streetwear at
that point. Let's not forget with any trend, they end or restructure itself.
Trends are subjective to value by herd mentaility.
Red- Nike becomes the new K Swiss. I think this will also
correlate into the new interest of the incoming generations
whom all seem to be or will be metahumans.
generation meta. the generation that will only see value as intrinsic, but that's a maybe and very
speculative. Nike is only seemingly popular in social environments where it reigns supreme. The kids only like dunks.
Jordan branded nonndurables are just ehh.
Honestly when it comes to apparel brands, personally I don't see myself engaging any non durable seriously.
PS: Had to republish due to House Rule Violations.
KIRLOSKAR FERROUS IND LTD Cup and Handle Pattern Formation*KIRLOSKAR FERROUS IND LTD*
Time Frame : Daily
Observation:
* Cup and Handle Pattern Formation
* Swing High Brake
Resistance/Target: 300 322 345 358
Support : 248 236 200
NIFTY - AnalysisNIFTY - Analysis
What happened on Friday, was just a dead cat bounce from 200 ema or can also be called a relief rally to the 50 bps hike.
What follows ahead -
Expecting NIFTY to fill the gap on the upside (17327 to 17475) first, then resume it's downward journey towards 16250.
Will post further analysis after 16250.
ZYDUS LIFESCIENCES Parallel Channel Pattern Breakout*ZYDUS LIFESCIENCES*
Time Frame : Daily
Observation:
* Parallel Channel Pattern Breakout on Daily time frame
* 380 Swing High Break
* Mean (EMA) Diversion on Hourly time frame.
Resistance/Target: 401 420 452 486
Support: 350 329; Dynamic Support for EMA 200 on Hourly Time Frame.
S&P500 - Hammer time, good chance of a rebound. $SPXHammer on the daily chart needs confirmation, but the low price coincides with the Fibonacci level 2 and the static support of the November 2020 high. The stochastic is oversold on the daily, weekly and monthly chart is at 2008 levels. Previous situations always followed by a rebound. On the weekly chart, the rebound occurred followed by an increase in volumes which at this time are still low. Friday's downside stopped at a double low from June 2022. If confirmed, there is a good chance of a rebound. Take care.