MARKET OUTLOOK

Points to analyse Market:-

1.First check Nifty for Support level and check for status using indicators like RSI,Bollinger
Bands,20 Moving Average,ADX and Volume.

2.After analysing Nifty Chart,check the same for Bank Nifty and other Sectors in multiple
Time Frames like Monthly,Weekly,Daily.

3.Significance of White Morning Star :- It is extremely rare and very powerful.It indicates
the major bottom for mation in the market.That is Market may not break so soon or it may
take few weaks to break.Or it may be Side Ways,but defntely it will not go down.At this
stage,you can look for positional long trades.We should use FIB Retracement after major
bottom formation.Minimum expectation is 38% or it can go up to 50% or 61% or higher also
depending on the depth.

4.Bollinger Band 4 Drives:- When a Stock/Price hits the Upper band 4 times in a row without
disturbing the middle band,it is an indication for Market Crash.But it is confirmed on
Bearish Candle formation.Usually drives don’t go beyond four.
Market Crash :Indication by 4 Drives of Upper Bollinger Bands
 SPINNING TOP

Spinning Top has a small body with big shadows on both sides.Spinning Top with high
volume is very important both in Uptrend & Downtrend.It has no significance in
Sideways market.
Spinning Tops are found after a Rally or a Decline.
It can be either Red or Green Colour.Colour has no importance.

In an Uptrend ,when a Spinning Top is found with high volume,it is an indication of

Trend Reversal.Short position can be initiated

Ina Down Trend, when a Spinning Top is found with high volume,it is an indication of
Trend Reversal. Buy position can be initiated
Spinning Top in Uptrend
Spinning Top in Downtrend
 7 STEP ANALYSIS
The important tools used for Analysis

1.Price – Support,Resistance,Higher Top,Higher Bottom etc

2.Patterns – Candle Stick Patterns
3.Volume – High,Low
4.Momemtum – RSI
5.Volatility -Bollinger Bands
6. Time analysis
7.Sentiments
We can use any 3 to 5 of above indicators.
Example for analysis of a Stock-GRANULES
 RECORD SESSION
In Record Session,

In an Uptrend the stock makes new highs in a row for 5 to 13 candles.And if a

Bearish Candle is formed at Resistence,there will be Reversal in Trend.

In a Downtrend the stock makes new Lows in a row for 5 to 13 candles.And

if there is Candle confirmation with RSI Support there will be Reversal in
Trend.
Record Session in Uptrend
Record Session in Downtrend
 TOP-DOWN APPROACH
1.First check Nifty Chart whether Bullish or
Bearish
2.Check the Sectors which are Bullish & Bearish
3.Check the Stocks under the Sector for both
Bullish & Bearish
Top-Down Approach Analysis
Top down Analysis
TCS FIB Retracement-Monthly
Above .23%
TCS FIB Retracement weekly
Above .23%
TCS FIB Retracement Daily
at .618% Golden Ratio
 Top-Down Analysis
Nifty IT TCS
RSI Monthly - 53.1 62.5 58.19
Weekly - 60.13 68.6 56.5
Daily - 71.7 75.06 50.06

TCS
FIB Monthly – above .23% Weekly – on .235 Daily – at .618% Golden Ratio
Hammer candle in Daily

I shall BUY TCS on confirmation today

 AHA MOMENTS
I went through the videos in Binge Series given on 24/7/2020.I worked on Charts.I
succeeded on my analysis in TCS.I took the trade and earned some money.

Thanks to Vishal Sir for giving us great knowledge in Stock Market and helping us to
make our Life interesting.
Each and every Video is giving me immense pleasure and lot of knowledge.
Each and every session of Mr. and Mrs.Vishal Malkan is a AHA Moment for me.

Thanks a lot,Sir.
TCS Weekly Trend Channel