TimeMap August 7 to 11

 StockZodiac

Reservoir of Wisdom

 

 In the last week market moved the way expected, with a minor positive spike on the first 2 days, followed by a big fall on back-to-back auspicious days, while last day we expected bearish sentiment after initial volatility markets closed in the positive. Technology and Banking opposing movement was nicely got captured, Pharma and power positive, while PSU all the companies witnessed big correction. Broadly speaking a very positive move.

 

Technical – The corrective movement was expected, on the weekly charts we reached the profit booking zone, for the past 2 weeks, and obviously positive sentiment keeps markets vibrant, noticed since structurally India Story is getting re-rated after large-cap, midcap, and small-cap stocks getting attention and not operator driven but also due to quality improvement. The nifty 50 index has reached the profit booking zone, Nifty next 50, and the Midcap has reached the halfway mark, so still a lot of scope to rise, obvious the influencer will slow down the rise in mid & small cap stocks, but still lot of value buying is available.

Nifty 50 has confirmed 18850 should come before September 21, and extending to 18230 is also possible.

On the upside, since Daily minor reversal is indicated, a bullish 350 points rise is easily possible.

 

TimeMap – Technical charts show the activity of all the participants, maximum volume and percentage delivery give insight into how much traders contribute, and 98% of traders lose money with this confirmed data, how to use technical charts and avoid mistakes of the 98% is the key. Along with Price, there is a need to add TIME, as the price of a stock gets manipulated or influenced by the strong hands, while TIME cannot be manipulated or influenced, so using TIME in price action charts make it sounder and more robust.

The market is volatile because of the various emotional factors in decisions and actions, such as Need & Greed, Cheer & Fear, Conviction & Doubts, Beliefs & Disbeliefs, Excitement & Gloominess, Honest & Dishonest,

Skepticism & optimism, so a technical analyst needs to understand the source of the emotion that affected the price movement by looking at the candle. Filtering information is the key, not doing what 98% of losers do will also add profits to your positions. More than 85 to 90% of stock exchange activity is reactive in nature, and 10 to 15% is a proactive strategy. The skill of the trader is to avoid 85 to 90% & be with the 10 to 15% group, a good technical analyst is to learn to deduce 10 to 15% information from the chart.

TimeMap or Time is the best & only useful filter for deducing the price action data, By applying time of price action data, it is easy to filter good and bad, practically traders can earn 25 to 30% more, by reducing trades, and drawing downs.

 

The coming week, Monday close to Friday close would be positive, Banks will be the best sector to show a lot of positivity from the Timemap, and some banks, and financial stocks would jump big in the coming week.

In the range, negative -0.75 and positive 2.5% on Nifty is indicated.

 

August 7, 2023: Monday: Good after 17.

It is a good day to initiate swing trade in Technology sector stocks and any high beta large-cap stock. Especially one giving breakout or near trend reversal in an oversold zone. BTST suggested.

August 8, 2023: Tuesday: Bullish Day

A higher opening is expected, but a quick rise cannot be ruled out, especially in the banking and FMCG space. The surprise could be real estate and textile stocks. Positive closing is expected. Towards the end of the day, do look for divergence indicators and look for sell trades as STBT.

 

 August 9, 2023: Wednesday: Bad day

As the name of the Nakshatra – day to do introspection, analysis of the existing positions, and take firm action, divergence indicators will give the best signals of trade and obviously sell trades better. NAVAMI will ensure a panic sell-off in a few counters, look for the results. STBT recommended.

August 10, 2023: Thursday: Positive day

The strength of the day is comparatively low, and it would be more stock specific. Slow and steady wins the race, stock in positive trend with low beta best for the day. Pharma and Select construction companies will do extremely well.

August 11, 2023: Friday: Volatile day

Tithi is bearish, and Nakshatra is the most violent, which means momentum breakout either up or down would give the best results, use indicators accordingly.

 Futurologist