India
nifty will show a big drop fom 11080 till 10480dear trader as u see an chart a big drop is coming soon
AjantaPharm Near Left Shoulder Support - Potential Buy FOR EDUCATION / PAPER TRADING PURPOSE.
Buy as per Left Shoulder support and Fibonacci confluence. With STOP below the Fib 0.
NIFTY: Wave C started - updated target of 10400Wave C appears to have started after the completion of wave B at 10894 - very close to the predicted level of 10850 (see below). Wave C could go down to 10400 if Wave C achieves equality with Wave A or to 10070 if Wave C is 1.62 times Wave A. I will update the targets after the completion of wave 2 of C.
Note: This is just for my own future reference and is not a trading advice.
Prediction of 10850 level on May 27 and June 7:
Nifty going down to 10200?Nifty appears to be correcting in an ABC pattern (bigger pink wave). It has completed the A wave and is currently going up in the B wave. B wave is expected to first first take Nifty down to around 10500 and then up to around 10730 (or at the most 10850) where wave C is expected start. Wave C could take Nifty down to 10220 though this level would also depend on the level of correction in wave B. Stay tuned!
Note: It is just for my own reference and is not a trading advice.
SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India
This is another index that looks like it's topping out for the summer.
The great bull campaign from the 2009 low at 8075 to a high at
36370 over 9 years is in its final stages. Echoes of the Dax here.
A break below 34291 will trigger a short opportunity here back to
32516 where it should attempt to bounce - but it won't get far
when it does. And once it breaks below here it should start to
fall away in stages to 31096 then 29169 where it should
bounce harder.
If at any point over the summer 29169 gives way to bears it
should fall harder still 25772 and when that breaks to 22577.
A series of potential short opportunities here all summer long. Be lucky.
NIFTY50 - When Will The Pullback Start?!Good evening Traders,
Since my last update on NIFTY it managed to break the resistance level which I mentioned here.
But now after breaking the important level, I am expecting more upside. But first NIFTY needs a correction lower.
My view is that if NIFTY can break the rising trendline lower, it can retest the resistance area now acting as new support at around 10612.57 areas. This will my preferred view.
However, there is another possibility. It extends now higher making a marginal new high and starts then a bigger correction lower. Let's see which one plays out.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
SENSEX BIGG SUPPORT 32612 TREND LINE BREAK SELL ON RISE
SENSEX BIGG SUPPORT 32612
Target profits marked on chart.
OIL INDIA Moving UpRetrace to the 50%
Following elliot wave, waiting for the next push up.
Check out volume as well at the end, picking up. Can see a move up from here.
NIFTY IDEA BEFORE MARCH EXPIRYFOR EDUCATIONAL PURPOSES.
NIFTY trading idea before march expiry it needs to clear the bottom orders before rising up any further.
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.
Indian PSU Banks - more pain left before real buying startsIndian PSU banks index is looking more down before real buying starts ( Updates on this chart on monthly basis!!!)
BTC zoom in view, buy or sell?Btc in a tricky area till it doesnt break the downward resistance line which has proved as a strong resistance
Chances of it holding are 50-50.
if it holds and pulls back the only support which comes in next is the red support line,once that gets taken out we will be back at 8000 levels.
Better to wait for a confirmed trade than get in early with a chance to lose money
BTC BUY???BTC looks like it has bottomed with a big cup and handle with targets of 17,700 but at the same time the handle wont be completed till it has broken 11620 resistance level which is the major level below which BTC looks negative ,it will need a powerful thrust in volume to break the horizontal resistance as well as the downward resistance trendline which is coming down from 20k ,making its mark on 17500 and 11700 along the way.
will be posting a zoom in view of the current situation , next few days extremely important to decide its fate
Buy Reliance post 960,target 1050
Reliance has been trending well in a horizontal range since a long time and the recent correction due to the macro economic monetary policies resulted in a breakout being exhausted and a failed breakout , with NIFTY making a tripple top on hourly charts and other variables looking bullish, A chance to buy reliance again for the breakout of 960 resistance line (Target is measured by the distance between the resistance and horizontal line which forms a rectangular box )
A Tripple top will result in a strong breakout post 960.Lookout,its going to be extremely fast and violent
**If you liked this idea,please hit follow for more updates.
Buy Nifty post 11630, target 11,000, sNifty looks in a No Trade zone right now with a triple top being confirmed today at levels of 10620-630,
a good formation at the bottom and the recent correction from 10620 is just some consolidation.
Expect a good rally upwards till 11,000 once 10630 breaks,
NSE:NIFTY
Gold to hit $1340 by March (Feb 21 2018)It has been a roller coaster for gold prices soaring after being dormant for a few months in 2017. This year, the main effect I think on Gold is Indian legislation regarding the regulation of Gold and Gold exchanges. This will have the effect of people hoarding their gold, therefore, not selling. These measures being discussed by the finance minister are being watched closely as the Indian market is fond of gold as a product and a technology. I see the price @ $1340 or above possible in the beginning of March.
INDIA SWING TRADE
India is bouncing at a key market level today. Aggressive traders can get long immediately. Patient traders can watch for a signal next week. These emerging markets gap a lot and often leave traders wondering what is happening. Trend analysis and risk management makes our life a lot easier here.
SGDINR - More Upside in the Near / Medium TermWas in a discussion with one of our students from India asking about how's the outlook on Singapore Dollar (SGD) against Indian Rupee (INR).
Thought would be good to share our outlook for those who are looking at this two currencies as well.
My personal bias is that there is still more upside potential on this pair - meaning we can still expect to see some strength in the Singapore Dollar against the Indian Rupee in the near term, potentially towards 48.54 - 48.98 area.
ACC NSE Nifty Short ideaPrevious supply zone intact and is pushing the prices down.
Alternate Trading plan is to wait till the price drops and WRITE 1500 PE Puts.
INFRATEL broke inverted H&S necklineThis stock was in falling channel from 2015 before finally turning the trend after bottom in early this year, after price broke out of the falling channel of two years stock price started inverted H&S pattern. This week's closing candle closed above the neckline briefly and setting the target to 490 level to the upside from current level of 404 per share. This is good setup with decent risk reward ratio if taken now.
