BOMBAY SENSEX #BSE #SENSEX Pullback completed after #Adani fraudInvesting in #INDIA has been a trade of a lifetime
Based on a burgeoning middle class and best low population demographics in the world
Indians want to FLEX and move up the income brackets
Highly motivated and educated
I believe the pullback after the Adani scandal is over
And the #Nifty can resume its long term bull and finally meet its inverse and head and shoulder from the Covid debacle.
Bombay
Bank of Baroda - BSE - India*****Please follow, like, and support this idea, if it helped you in anyway*****
***This is not a financial advise***
Bank of Baroda fell sharply from the support level turned resistance and now holding on to another support since 5 months and seems like that it might test the resistance level again - this might take one year to two years or could even take next three months before the earning starts.
Going in with the views -
Rajesh Exports - Good BetRajesh Exports, world's largest gold jewellery manufacturer and India's biggest exporter of gold jewellery is our second buy recommendation for the coming 6 months.It is currently trading around 800 level. According to our research, we can see this stock trading between 950 - 1100 levels in the near future.
Tata Motors - Bright / Not Bright - Short term shortingTata Motors - the stock is treading lower with every passing week and will continue to do so until November of this year. What has to be seen is the price level.We are expecting around 280, however, the carnage could take it lower, depends on how hard the FII are involved in the selling. But we believe the low of Feb 2016 @ 266.00 should not be broken. Because if it does then the future of Tata Motors is bleak for coming 6-7 years. And in my personal opinion Tata Group is the best Indian company with least to no manipulation of its stock prices.
3M India LtdThis 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.
GAIL (BSE): Elliottwave analysis: Looking for re-entry for targeTalking Points:
Technical Strategy: Bullish Bias
Elliottwave Count: Impulsive nested count .
HTG Note:
Current price action on GAIL (BSE) is trading on impulsive nested bullish move. Script was able to break and testing it's monthly horizontal resistance. In larger monthly timeframe, it's trading on nested impulsive structure and require to have small correction before it's break of 400 level. We in HTG (Hoagtrading.com) expecting to test 353 price before its continue it's bull move.
Action
We are on sideline after booked our profit at 370 in January, 2017. Team is looking for lower level, possibly 353 to re-initiate our longs with limited risk.
-- By @hoagtrading (Hoagtrading.com)
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