Get started

Indianmarket

BSE: CANBK: Correction is due and expected to complete at 276Talking Points: Technical Strategy: Hold and Buy lower Elliottwave Count: Correction HTG Note: Current price action on Canara Bank (BSE: CANBK) is trading bullish move. However, script was in correction after break on monthly trend line. All PSU bank showing correction in bullish move. We are expecting correction will be on flat correction and should be completed on 276-275 zone. Action We are on sideline after booked our loss with 1 rupee on 290 level. Team is looking for lower level, possibly 276 to re-initiate our longs with limited risk. -- By @hoagtrading (Hoagtrading.com) Disclaimer: The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange or stocks on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stock advise you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and stock trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at Hoagtrading.com do not necessarily represent the trading advice of Hoagtrading.com or its management..Any opinions, news, research, analyses, prices or other information contained on this website, by HTG (Hoagtrading.com) provided as general market commentary and does not constitute investment advice. Hoagtrading.com (HTG) will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
BSE:CANBK
by Hittesh
GAIL is breaking correction and can target above 500Talking Point: Technical Strategy: Confirming it's bullish outlook Elliottwave View: Reversal confirmed and counting impulsive waves Analysis We were tracking GAIL from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However in shorter time frame, we are waiting to see triangle breakout which can atleast target above 460. Action We are long on this script from 425 with stoploss @ 410. Target will be 460-500. -- By Hoagtrading.com (Twitter: @hoagtrading)
BSE:GAILLong
by Hittesh
Reliance Industries Ltd Triangle Pattern WeeklyHi Everyone,This is my first idea I will post more regarding indian stocks and some currency pairs, looking at reliance it looks like in corrective phase after highly impulsive move to up side and making abc correction with b in triangle pattern so we are waiting for completion of pattern by breaking this pattern to downside for our c leg and then rally up for next impulse. You can look for sells on lower time frame,wait for correction on lower time frame then sell. Good luck! www.tradingview.com
BSE:RELIANCEShort
by Honey_Sharma_
Nifty updated count [Pls read description before foll. arrows]The Nifty uptrend continues. The 1st target of 8770 is achieved. It's just that the structure formed is slightly different than the one shown earlier (previous ideas links attached). The updated one is shown in the chart. However, SLs and targets remain the same. Now, the SL is 8540 (from 8515). Any pullback can be bought at the fib retracement levels of the current up move. IF there is a retest of the 0-b trendline of the corrective structure (as shown by the dashed arrows), then it'll be another great opportunity for adding longs (like it happened on 8 July 2016 shown by the bold arrows). Else , the up move will continue. Do not short anywhere. Targets are 8860, then 9150. Basically, just be alert once Nifty reaches the UTL. Any move below the LTL (which may or may not happen) could result in the start of the correction of this entire up move, but till then trend is up.
NSE:NIFTYLong
by tushargupta1991
1
NIFTY 50 Elliott wave update 26 AUG 2016As per my lost post i am expecting 8400 level on august month but nifty fell to 8500 and it consolidates through out this month. As per my wave count August month top ended with C of 3rd wave. On September month i am expecting more sideways movements from Elliott wave and also ASTROLOGICAL prospective. Stay away from market upto SEP 22 - 2016 and then enter buy upto November 1st half. As per my ASTROLOGICAL prediction NIFTY reach Historical top on NOVEMBER 2016. Due to some planetary effects around the globe all governments face lots of problems, Its affects the market also. That effect will continue upto second half of 2017, Second half of 2017 will be GOLDEN opportunity to participate in another bull run for another 2.5 years
NSE:NIFTY
by tdurai84
Bullish on DHP India (short term and long term)DHP India just seems to be starting a major uptrend. It's possible we're at the wave 2 low and hence a great opportunity to go long. RSI has also taken support at the 40 level. (Confirmation of wave 2 low would be after a close above the UTL.) Ideally, wave 2 shouldn't be broken. A move and close inside the 0-B trendline could be a big spoiler for this count. However, a reversal right from the 0-B trendline would be further bullish.
BSE:DHPINDLong
by tushargupta1991
NIFTY - A Big Crazy Bull is headed our way! Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch multi-year lows. This fall gave a good opportunity to traders especially our Inspiron traders who spotted and shorted the best down trending stocks to bring in lots of profits while majority investors saw their portfolios being eroded day after day. However come March and the Nifty suddenly reversed from a low of 6800 and there were no stocks left to short-sell as most of them had gone up sharply. Only a handful of stocks (less than 10) regained their uptrend and it looked as if this rebound was temporary. But the markets being true to its character continued to limp higher month on month although with a number of roadblocks along the way. By the end of May, we had more than 50 stocks that had regained their uptrend and 25+ stocks that reversed from downtrend to uptrend in NSE futures segment. That close to 50% stocks in the segment. What was equally surprising is that the stocks went up with minimal volatility and smoothness that had not been seen in a very long time. The volume buildup every time a stock touches a new high is increasing continuously. As on today (31st July) the Nifty comfortably sits as 8600 levels and looks in no mood to catch a breath. So what does all of this indicate? Well, before we arrive at a probability, lets crunch a few numbers The Nifty went from 6100 in Feb 2014 to 8500 in Nov 2014, a rise of 2400 points in 10 months averaging a gain of 57 points every week. This time the Nifty has gone from 7000 in March 2016 to 8600 in July 2016, a rise of 1600 points in 5 months averaging a gain of 72 points every week. Current resistance level of the Nifty is @ 8888, what is also interesting is that in past the Nifty has closed above 8888 for less than 10 trading days in its entire lifetime. So crossing this level may be a hurdle but once that is achieved, there is reason to believe that there can be no looking back. We may well be riding the best bull run in a decade. Even if the Nifty just continues this run rate then we could see the Nifty breaching 10,000 by December! So it’s time to pull up your socks and get serious, you can’t afford to miss this Bull run! In the last decade if there was a time to be serious about your equity investments, this is that TIME. Take a look at your investment type, your capital and risk taking abilities and get in touch with a Mentor who can guide you. Goodluck & Godspeed Regards Pashin Katpitia www.facebook.com
NSE:NIFTYLong
by eenewbie