The two-year bull run of Indian stock market since March 2016 is due for a breather. Sensex touched a new all-time high of 36443 on January 29, 2018, ushering new euphoria amongst people. Markets do not go straight up or down, they do so in steps. We are expecting a step-down 2018 for 90% of Indian equities. And we do not expect the new highs to be taken out for...
Y'all should be aware of the inflight safety instructions.
NIFTY moved down in the fourth wave and bounced up from the red line as expected (see below). It appears to have now completed the fourth wave. NIFTY could move up in the fifth wave (magenta) in October, which could take NIFTY up to 12200-12300. However, if NIFTY crossed the red line and confirmed it as resistance then this wave count will be invalid and further...
Hello Traders, I wish you all a happy Sunday and I hope you are enjoying the weekend so far Today, we will have a look at the Nifty Index from India and the USDINR. First of all let me explain to you why I use the Indian currency rupee to forecast the possible move in the Nifty. That is a so called intermarket relation. First of all, we need to understand that...
#USD is testing markets with formation of wage. Wait for the breakout! Looking at the global economic stability and oil market, I expect to go long.
This stock is our first pick of the year for our readers.Handpicked after sifting through countless companies.We see good potential for the stock to jump from current levels.We see the stock moving towards the price band of 27000-30000 in the coming 8 to 10 months. Currently trading at 21000 level, the upside return is above 30%. Keep your eyes on the stock.
Price fell short of retracing to Yesbank NSE Indian Stock weekly demand level around 319 and kept on rallying strongly in a big picture uptrend. New weekly demand level created higher around 351, price did retrace to this weekly demand imbalance, playing out nicely. Long bias at new areas of demand on Daily and Weekly timeframes
My earlier message about this scrip is void. It was only till the expiry which was today. This sector has seen too much of negativity in the short run. Technically, the price has broken the downward pattern. It has to test the high to contemplate a run downwards. 86 is the short term target and 91 for medium term **if the short term goes well**.
Hi Guys, after this abc correction look for another down move in axis bank.
Strategy: Buy @ 2407 ------------------------------ TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can...
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
In continuation with the previous posts on Nifty, there seems to be a good long opportunity to new highs now with a great reward to risk ratio. I'm holding all previous longs too with an SL of 8670. If it breaks the lower trendline (and SL gets hit) then will be looking for going long later or shorting as per the trend then.
JUSTDIAL waiting to buy on bottom flag pattern continuing
As per our previous post NIFTY reached our resistance level of 8650 level. From this point we can expect consolidated upside for next 45 days. For august Month Downside we can expect 8400 and upside also limited 8750.
This is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)
This could be a probably path ahead for this stock.