Indian Steel Industry is facing a low demand
as it is being flooded by cheap steel by China, Russia etc.
Indian Gov. has made some efforts to curb foreign steel imports.
Jindal is one of the four major steel companies
and is most penalized in terms of price.
Currently it is at great valuation !
Buying slowly keeping in 5 year timeframe.
Tata Motors in oversold category.
Investors panicked after making
higher highs and double top@600.
Next Support at 147.
Can make entry at 178, 148.
This would be a great opportunity
for 2x and 3x for long term investors..
TCS - Strong Fundamentals.
Following trend closely to USA markets.
Potential signs of sell off in US markets.
US markets showing cat-bounces but still think big players can sell off due to uncertainty.
Lower Bollinger band on daily timeframe can be a buy opportunity for TCS.
Price came back down touching the upper Band ( upper deviation).
Bollinger bands...
Worst Week across world market.
Strong down trend and sell off across US markets.
Sentiment turning into bearish across US markets.
Indian Economy in deep trouble with INR/USD.
Can only enter once US markets turn to recover.
FA: Binance has highest no. of users, highest capital at its disposal for development.
Also news will add fuel to the bonfire by addition of new partnerships.
TA: Higher lower lows on Daily Chart.
RSI : Gaining strength on daily timeframe.
BNB will surely follow BTC and currently I see BTC making a bull run to 7200.
OBV is great indicator not for a buy signal but for selling positions. OBV can potentially indicate pre- capitualions conditions.
Selling pressure is high on the daily time frame.
Lets see. I would be on sidelines for now as capitulations would be ideal for buy in positions.
