Has broken out, ride the trend! Can be long here vs stop of $41 using the MarketWebs Indicator - this is a trend trade
time to look down...last cross was in june...hunter can go pound sand...follow
Long term, emerging market should outperform US due to high growth potential. India ETF looks particularly interesting to me. Reasons: 1. Price just broke out of a long horizontal rectangle. Although you are not going to see massive price moves, it is a great asset to own. 2. India is one of the only countries focusing on reducing debt vs increasing in the next...
possible stop at or under mid v Top 10 Holdings Housing Development Finance Corp Ltd 8.36% Reliance Industries Ltd 7.57% Infosys Ltd 7.45% Tata Consultancy Services Ltd Not to long entry level yet 4.37% ICICI Bank Ltd 2.69% HCL Technologies Ltd 2.41% NTPC Ltd 2.10% Power Grid Corp Of India Ltd 2.10% Larsen & Toubro Ltd 2.05% Kotak Mahindra Bank Ltd
Can it break out of this consolidating wedge?
Expect 20.9 to be reached next -- Till the markets improve, the strategy is STFR until it stops working
3% stop vs 10% upside potential
price now near multi year channel trend support line- this may bring demand here
I think the squeeze continues till we get to the gap around 28. Might pause here and there
While the Nifty has been acting quite well, the Indian Rupee has not been very bullish at all to say the least. This impact is being felt on the EPI index which is exposed to currency risk as well in addition to equity risk, a fact which is overlooked by some market participants. In any case, the way it has been acting, makes it look like further lows are ahead,...
Previously, I mentioned that its necessary to be patient, and I think we have an answer now. We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up. Today's move down is likely just a reset since it was moving at an unsustainable angle. So my plan 1. I'm looking for there to be a couple of red days which I can buy....
Target $25-28 with 1:3 Risk/Reward Set Up
Don't look now but India is breaking a long established downtrend. Needs some rest but looks good for the LT accounts.