Indianstocks
im not gonna trade on monday markets are in deep red and gonna open in deep red too so this time my personal view on the market will be like no trading on Monday.
Fridays USA markets were in deep red so we can see the panic in our Indian markets on Monday. so I personally would like to wait on the sideline for a better opportunity rather than jumping any other trades.
because markets are likely to open near our support and I don't short near supports.
BEST OF LUCK TRADERS.
NIFTY looks weak after today - EOD analysis June 8th 2022NSE:NIFTY NIFTY has given a big down move today on back of RBI policy and Reliance n FMCG stocks falling.
NIFTY can test 16250 levels once again before moving upwards. If it breaks 16250 level, then it can retest 16000 levels pretty quickly.
On Upside, there is huge resistance at 16600 levels which doesn't seem to be tested anytime soon.
TATA STEEL www.tatasteel.com
India's largest steel co.
Tata group's second largest followed by tata motor ( JLR owner) and just behind leading IT giant TCS
Net Sales grown 16.56% annually and Operating profit at 51.09%
Low debt <20%, Commands high brand value
Presence pan India, Europe, South asia and only expanding.
Steel applications- Agriculture, automotive, engineering , construction, consumers goods etc
Fundamentals-
Its 2022, War is on in russia, west plays the sanction game, the world seeks for alternate players to supply.
India stands to gain.
If china moves next on taiwan, the game only accelerates for indian players, being a diplomatic ally of all with ease of trade and geographical advantage
Inflations at ath, commodities to only get expensive, oil trades on $118 on date, aiming 2008 recession levels.
READY FOR COMMODITY SUPER CYCLE ?
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Short term 1950
long term- 5 years, 5x multiple
Macro view -
Support breached but where would carnage stop on Nifty? Nifty finally breached 7 months old downside channel towards south which indicates more furious sell-off in coming weeks. Since last few weeks, 15900 was acting as a strong support on the indices but on Friday we have closed below the support indicating more weakness. So were would this carnage end for the bulls? The market always of probabilities in answer and so I have this time too. Checking on Elliot wave, I feel we are into corrective wave C which could end now either at 15450 (considering Wave A=Wave C) or at 14800 (considering Wave C= 123.6% of Wave A). Though chances of taking support at 15450 are little bit brighter because it coincides with other EW guideline which states that corrective WAVE shouldn't trade below motive wave 1's high which is 15431. Please note that its just a guideline and Nifty could even test the second possibility so trade accordingly.
P.S. Sell on rise still considerable for short term traders with SL at 16500.
Jamie Trade Idea - Selling IN50USDTrade Idea: Selling IN50USD
Reasoning: Breaking out of descending triangle to the downside - targeting 0.786 Fibonacci level.
Entry Level: 16807
Take Profit Level: 16162
Stop Loss: 16991
Risk/Reward: 3.51 R
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Future Enterprises FEL - India's Biggest Retail Chain is in RED<>
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- Catch the Stocks when they are Red, they say-
- There is no INDUSTRY more BLOODY RED than 'Old Physical Retail Outlets/ Chains' these days, Like BigBazaar Retail Chain in India.
- Already under debt of 25000Cr (almost $3.8Billion). Amazon and Reliance group (India's 2nd biggest business group) literally Battling it out in every COURT available in India and in Singapore to acquire its entire share.
- India, One of the Most Crowded place in the World, under the severe Impact of Covid, is unprecedented is breaking down each day.
People are dying, govt trying hard but it is not enough. Country is short on everything from medical supplies, oxygen, to generating employment. Thus, Further Crash in Retail sector is eminent. However, India had, has and always will have very strong domestic demand to support its bounce back. India's population is 1.30 Billion V/s 0.745 Billion in Entire Europe (almost double than EU).
- Post Covid, when market will start to stablise and people will start getting back to their previous buying behaviour.
Retail sector will be the first sector to show robust growth. Imagine what will happen to Retails stores once covid is over, they will be overwhelmed and stocks will soar - BOOM.
- It (FEL) is a very very long term chart, so consider this investment as your "Retirement Plan Fund/investment". You can think of Investing a very small amount, but it needs to be with very long time holding view like min 8-10 yrs.
Research yourself,
- About BIGBAZAAR
- Future Retail + Reliance group i.e. Mukesh Ambani) V/s Amazon (Jeff Bezos)
- It is an exciting fight to watch, and is about to culminate.
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HIGH ALERT: Bad weather and death crossesI won't say much here because I've narrated much of what I think is going on across several indices.
These are very troubled and dangerous times in the markets.
Some say it is not possible to time the markets. I disagree.
Whilst death crosses come and go, the important contextual issue is when they happen.
These death crosses have occurred after a most ridiculous expansion of markets, in the context of reckless Q/E.
PE ratios have been off the scale. We know the markets are overbought.
So death crosses in the particular context of the markets are significant now.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Is NIFTY in bulish zone ? Nifty have a very good systematic triangle pattern in top of 1d timeframe if you ignore the fake brakeout because that is a V shape recovery after go downside so its a fake brakeout . I hope it will break after weakly expire . If nifty break the upper level which is 17940 then we may see a bulish candle in nifty but to enter we need a re-test in nifty because we are in the top . so re-test is important as per my analysis . Still if anyone want to every in first brakeout then you need to must set 1:2 target Stop loss after that you can trail . But if that's break downside then you can go with first breakout .
*Do your own analysis before entering the trade this analysis is my point of view so do your own research before enter the trade .
SBI CARD Head and Shoulder pattern SBICARD Continuous contract 1 formed bearish head and shoulder pattern. Sell if the trend line breaks or neckline breaks. Target 800 and sl 890
Safe traders sell once neckline breaks. risky traders take sell trend line breaks
Safe trader sell below 840.
risky trader sell below 853.
sl 890 target 800
trade your own risk. good luck all.