India - Long TermLong 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 12 months.
3. India is absolute monster in IT space which is the future.
Happy Wednesday, its never wrong to pull profits.
Indianmarket
BEL Price action BEL seems to come out of box along with making a reverse head and shoulder pattern. Trade with targets of upto 170 , keeping stop loss at level of right shoulder i.e. around 88. The company also seems to improve fundamentally with healthy dividend payout , almost debt free and increased cash flow and assets.
ERIS LIFESCIENCE - Symmetric Triangle PatternERIS Lifescience is trying to create a symmetric triangle pattern in 6 months timeframe and can possibly give a breakout in upward side considering the pharma sector still has a pending bull run. One can take a long position from 517 - 524 for a possible breakout. Targets should be - 546 - 588 - 588++
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 -
WEEKLY CHART OF NIFTY 50ONLY FOR LEARNING.
WE ALL KNOW THAT THIS RALLY IS BASED ON LIQUIDITY
INFUSED BY GOVERNMENT IN MARKET WHICH IS GIVING RUN
UP TO THIS RALLY. WE CAN SEE THIS
RUN UP TO CONTINUE TILL US ELECTION.
ONLY MY OPINION IT CAN BE WRONG.
IF IT BREAKS SUPPORT LEVEL DUE TO
CURRENT WEAKNESS IN MARKET THAN
WE CAN SEE NIFTY GOING TO LOWER LEVEL.
WEEKLY ANALYSIS.