IOC - can it stick to its character? - Target Rs. 90IOC has never completed Elliott Wave ever, every time it does, there is something happening. This time its covid19, and now a new wave started for it in September 2020.
If we go through past charts and price points, I can clearly see it crossing Rs. 80 and touching even Rs. 90 - and all this in a short period of time. Who wants to make money on this stock? Comment for more observations.
What are we discussing?
IOC target price Rs. 90 (Possible?) - Can it break Rs. 84??
Don't wait for all 5 waves...
India
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 -
NIFTY 50 US ELECTION TRADE PLANHELLO EVERYONE!
MY VIEW ON US ELECTION TRADE PLAN
NIFTY50 RECENTLY BREAKED MAJOR SUPPORT ZONE
AND ALSO WEEKLY TIME FRAME HIGH REJECTION AROUND 12000LEVELS
WE CAN CONSIDER THESE RANGING LEVELS OF 11660 TO 12025 AS BOX FORMATION ON OVERALL HH'S
AS PER TECHNICALS,IF BOX (RANGE)FORMATION FORMED ON HH"S MEANS IT WILL DEFINETELY BREAK DOWNWARDS
IT PERFECTLY BREAKED DOWNWARDS AND MADE LL"S ON 4HR TF
SO,PROBABLY THERE WILL BE A HUGE SELLOFF THIS WEEK
IF NOT ENTERED BEFORE MEANS,SELL AT LH ON MONDAY ORELSE BELOW 11540
TARGET1-11270
TARGET2-11030
THANK YOU!
Nifty 3/11/2001SGX NIFTY show bullish trend in market and yesterday NIFTY close also above the support level so its good level to execute buy call
Personal advice:-
SL :- 11565
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
Here on my profile you can get best positional & swing trade
Thank you
BITCOIN FORMED DESCENDING PARALLEL CHANNEL-POSITIONAL SELLHI EVERYONE!
BTCUSD FORMED DESCENDING CHANNEL FORMED IN WEEKLY TIME FRAME
ENTRY-8400 BELOW 4HR CLOSE BASIS
TARGET 1-6800
TARGET 2-5300
IF YOU HAVE BUY POSITION KINDLY SELL THOSE AND ACCUMULATE IF IT COMES PARALLEL CHANNEL BOTTOM
THANK YOU!
HAPPY TRADING!
CHEERS!
What is levels for tomorrow? In the chart we can see nifty on near support level
For tomorrow
Bulls can make position at 11620 with SL of 11560
&
Bear can make position after breakdown by 11525-11580
But personally i suggest bull trade
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
Here on my profile you can get best positional & swing trade
Thank you
Daawat (Long Term Strategy)Hi Everyone,
Here is an interesting pattern update on Daawat , we can see Daawat has formed an Ascending Triangle . These patterns trend may be either bullish or bearish
Two Scenarios for this pattern:
1. We need to see a price break above 55-56 with a volume accumulation and this confirms the next new high in the near future. The trend will continue to be bullish
2. Price Break below 46-48 with OBV going down along with selling pressure which tends to be bearish and should stay away
Fundamentals:
1. Daawat is the No. 2 branded basmati segment in India and also has a global presence
2. Their majority of the revenue is from basmati rice selling both B2b and B2c. As we can see recently, the management is adapting to consumer needs and they are entering new segments within the rice category and trying out the needs of consumers with different range of products. Management expects the company to grow faster than the sector
3. If my guess is not wrong, they might become the next big FMCG company in the Rice industry through their forward integration strategies and this is the biggest tailwind for this company.
4. Covid-19 has given the company great tailwinds and the quarterly results speak for itself
4. Company has good cash flow along with reducing debt levels which is a good sign for long term
For Investors:
1. It is always good to analyze the Fundamentals and buy the share, but it is always good to buy if all the odds are in your favor.
2. Fundamentals looking good, Technical set up looking good (Please see the Two scenarios), Long term outlook looking good
3. Company is a branded segment and No.2 in India and Basmathi segment
4. It is good to accumulate the share if it crosses above 55 and buy the dips during the US elections
Initiating a Longterm Buy above 55 for a target of 70-80 in 6 months to 1 year
Initiating to stayaway from stock below 46
Thank you and hope you are enjoying the analysis. Please do follow me for more updates, please like and comment :)
Disclaimer: This is an educational Advice not a financial advice
S&P 500 vs. select global stock markets - focus post Aug 2020S&P 500 vs. select global equity markets - focus on the period since Aug 2020... compared consistently in $USD terms via US listed ETFs - United Kingdom EWU, Russia ERUS, Brazil EWZ, Hong Kong EWH, India INDA, Australia EWA, New Zealand ENZL - bonus comparisons to Gold, AUD/USD, RUB/USD.
TCS chart analysis on daily and weekly timeframesTCS is a buy:
Beautiful chart! It shows resistance getting weaker after multiple tests! It finally broke!
The stock is above 200 periods moving average
Clear break on the daily chart after consolidation
RSI is very strong, actually overbought.
I suggest wait for a small pullback and enter the trade
Target close to 2900
Safe stop-loss is around 1984
Good luck!
Bajaj Finance - OutlookHi Traders,
Bajaj finance is still in a downtrend as per the higher timeframes. This stock has pulled back to a major resistance zone. The price can continue to go further down from these levels. If the price breaks the trendline marked in the chart which will indicate that the price will be heading down. The key levels to watch are marked with red lines in the chart, these levels can react with the price.
Now if price breaks the key resistance zone to the upside, a break above 3590.85 indicates a start of an uptrend.
For queries pls comment below.
Happy trading.....
Banknifty Trading in the Zone October 1st weekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.