Indianmarket
Is Nifty dropping 25%,30% or recession calling 65% drop ahead..Massive correction due will it be 2008,2011 or 2015
Long XRPUSD short term swing XRP has hit an almost 2 year low recently, as it’s crashed with the rest of the crypto’s in BTCs journey to the 9,000’s. It seems we’ve got a reprieve though, with indications of institutional reinforcement coming in to correct the price. I believe it likely with increasing interest in crypto for source liquidity (specifically XRP), many institutions may want large positions on xrp, and are taking it by forcing retail traders out of their early positions. This goes especially for anyone who invested in xrp after the impulse that it brought it towards the 30-50 cent ranges earlier this year. Something I find interesting: we’ve fallen back to retest the range before the impulse that lead to the XRP historic high despite interest in cryptocurrency being at all time highs with the bullish market earlier this year...
On the technical side I’ve used this harmonic along with indication a from the RSI that buyer strength is growing from the smaller time frames up (2HR-D) along with bars showing institutional interest after the completion of the harmonic.
While I have enough confirmation to enter this trade with confidence, I am acutely aware of the possibly price retests lower to source more liquidity before the big impulse. This recent drop should have given them enough to stop out some heavy retail selling positions entering the trend late.
Short on NiftyNifty broke out out of the consolidation and has chosen to follow the orange path as shown in the previous update. This is also in line with the Nifty wave count posted earlier (links attached).
The wave (v) down now seems to be subdividing. We have the following wave relations: (ii) > 0.618*(i) and (iii) = 1.618*(i). Thus, 0.38*(iii) <= wave (iv) <= 0.5*(iii) and wave (v) = wave (i) .
Hence, a short trade now looks good with SL at 10,893 (slightly above the wave (ii) low or 50% retracement) and target around 10,580 (or below depending on the down move).
(Risky) Long trade on MRFMRF seems to have completed its correction and there is an opportunity to go long. The entry, SL and target (can be higher) are shown.
(This is a risky trade as MRF might make a new low before starting the up move. So if the loss is acceptable, then one can try this).
Nifty long term viewNifty is moving down as posted in the previous update (link attached) which also has the short term view. For the long term, it seems that this move could eventually go to 10,000 giving an expanded flat pattern or 10,300 in case of a truncation.
(There's a remote chance that this is the start of a bearish market, but that'll get validated later).
Demand and Supply areas for nifty
Sharing Demand and Supply areas for nifty. These areas will work as support or resistances. Keep them marked on your chart.
Using My own indicator of volatility for trend guidance. Check the script it available in indicators. Will share the time analysis and few important updates in coming months.
Follow the price pattern, we are making swing lows now.
Mark the levels on your char and use these levels for entry and exit points. One needs to understand Demand and Supply trading for the same.
MARUTI READY for UPMOVE!!!!maruti taking support of long-term trade line
bull above 6100 for 6200,6300,6500 with
bears below 5900 for 5500
Divis Laboratories Ltd Technical Analysis Indian Stocks Market Divis Laboratories Ltd Technical Analysis Indian Stocks Market
Divis Laboratories is engaged in the manufacture of Active Pharmaceutical ingredients (APIs), Intermediates and Nutraceutical ingredients with predominance in exports. In addition to generic business, the company, through its Custom synthesis business, supports innovator pharma companies for their patented products business right from gram scale requirements for clinical trials to launch as well as late life cycle management.
Daily India SENSEX stock market index forecast timing analysis 27-Jun
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -0.9% (LOW), -0.4% (CLOSE)
%AVG in case of rising: 0.9% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
TCS trading on indecision PointTripple top and made a rounding top. Tripple top is an indication for a bearish move and rounding top is bullish. so clearly TCS is trading on indecision Point.
Book profit if you were in long and wait for a clear move for short term swing
Nifty to 33k+ by 2021Nifty to 33k+ by 2021
Its a good time to invest pick good quality stocks now for 3x-5x Returns..
Nifty: Medium term Buy Opportunity. 12,500 eyed.Nifty is coming off a strong rebound just above the 1D MA200. 1D is on excellent bullish levels (RSI = 62.784, MACD = 111.840, Highs/Lows = 244.5718) having just crossed into new All Time Highs. With the Golden Cross taking place on March 15, we have a strong medium term buy signal towards 12,500.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
buy ashok leylandcorrective pattern looks completer. expecting an upswing move.
trade with care. thanks
Trouble ahead in the Indian marketsThe Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now.
I see some sort of expanding upward wedge. This can create probabilities for the north or for the south. More times than not my experience is that I've seen price collapse. The upper edges of these wedges suggest that price struggles to get there and is beaten back.
Reverse Head & Shoulders on NSE:CGPOWER DailyThere is a reverse head and shoulders pattern forming for NSE: CGPOWER currently making a low of right shoulder. This would be confirmed when the right shoulder reverses at the neck line.
Nifty: Cyclical short opportunity.Nifty has just been rejected on the 11,760 1M Resistance after a relentless bullish run since mid February. It appears that since March 2018 the index follows an identical repetitive pattern, within the 11,760 1M Resistance and the 9,960 1M Support. Every time the index has rebounded on the 9,960 1M Support, a 1D Channel Up follows, which practically gives way to the aggressive bull run towards the 11,760 1M Resistance.
We expect a similar price action and our first target is the Gap Fill (eclipse) at 11,180.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
USDINR testing 3 month long supportHi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
The Indians could be in trouble again. The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
AMBUJA CEMENT FORMING PENNANT PATTERNHello all,
Ambuja is currently under in pennant pattern which is a bullish breakout pattern. Confirmation level is above than 225.
Will the Indians roll over?The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.
NIFTY 50 : Elliott Wave Analysis - Perfect fib verified countIn continuation to my previous idea on a larger timeframe:
