Dredging Corp (BSE: India) forming Cup with handleWith this analysis, we could find that the Dredging Corp is forming Cup with handle and looking for an uptrend with the economy being opening...
Sensex
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
Positional Trade - APOLLOHOSPITALConsidering the pattern formed on chart, it can be a good positional trade far the target 1400-1420 considering stoploss at 1270.
Could see a surprise Upside thoughToo early to short at current level. Fundamentals are still weak yet market can push higher one more time before the fall.
HUL A STRONG SELL FOR ATLEST 1500Negative divergence in uniliver makes it very weak for holding.
Don’t buy this stock for now .its time for wait and watch till a bottom is formed
2.5R Trade on #COLPAL..30 min. ChartCOLPAL is in uptrend on 30 min. & 2 Hour Time frame.
Here is an opportunity to trade a Falling Wedge
Aurobindo pharma 1:5 RR ratio target 690, Sl 616, Buy at 630 target 690, Sl 616, Buy above 630, to break the flag pattern
[ Reliance Industries LTD ] what's next?The top has formed and the next level I'm eyeing to load my bags is at the mentioned buy region. I'm looking forward for a Inverse H&S to play out. I'll see what happens and update accordingly.
-Kautilya.K
SENSEX & NIFTY Dead cat bounce? Judgement Day is close by!I feel like we are still in a bear market. After the lockdown extension (if extended, which it mostly will) it will trigger another sell off in the markets. I'm currently have very tight stop losses to my positions. I suggest you do the same..
- Kautilya.K
Nifty 30M - OutlookNifty has been testing it's important level 9400. Looks like NIFTY will retrace from here to 9000-8800
2008 vs 2020 Nifty Index2008 vs 2020
as we see similarities of first decline of -30% (2008) & -39% (2020)
and first correction of 25% in both 2008 and 2020 scenarios.
2008 2nd decline +4 months -28.5%
2008 3rd decline +4months - 51%
Total depression in 2008 was 64.55%
Depression will we see in 2020 should be should be above 60% too
bullish trend we are seeing in 2020 is just a correction
Sensex (fall again?)Rising wedge at the end of a downtrend , signalling another fall to the 25k levels
Nifty Demand and supply zones according to me
Nothing to add much, in such markets i love to fall back to basic rules. For me the most basic rule of the market is Demand and Supply.
Market never turns its back towards this system, price will always respect these zones.
Other two systems i will prefer after zones is channel and Fibonacci, have used all three in this chart. Mark these levels on your chart. This chart is having extremely important data in it, analyse this chart deeply.
I know i am sharing idea after long time, was busy with some stuff hence forth will try to share ideas more frequently.
NIFTY 50 The Market will be come New Low Position. It is better to BUY Shares at this low level. The Market will be recover up to 60 - 70% in the month of Sep-Oct 2020. whether You are a new investor or an existing investor, DON'T MISS IT.
KOTAK BANK - Long position.Kotak bank looks like a shoert term long postion. Target 1 - 1270 Target 2 - 1300 with stoploss of 1215 or 1200.
SBIN - SELL @ 173 *As we formed falling wedge pattern,we can expect a breakdown below 173 price.
*Our takeprofit will be 140 and stoploss will be 195.
once jhunjhunwala said in interview, sensex is a lazy horse jhunjhunwala - i don't track sensex, i track nifty50
also see, banknifty and nifty50 you will find, their correlation.
Third Time Lucky?We talked about this in our last update, if the BSE:SENSEX could actually pierce through the resistance at 31,123 to move higher.
That may not be the case. Well so far, let's wait till end of day to draw any conclusions.
There have been a number of holidays in April, so this sort of erratic behavior can only be expected. We close for Good Friday, and open for one day on Monday before the next public holiday on Tuesday. It's a long week, so stay home, stay safe.
May your longs go up, and your shorts go down!
I was wrong, but I was never in doubt about the $SENSEX!Just after I published a recording on a dead cat bounce, immediately after the market started inching upwards, as if someone had switched a bot on. Was this a coincidence, or are there bigger conspiracies at play :D -- or was insider buying taking place?
I don't watch / listen to the news, because it brings very little value these days. And the markets factor everything before the reports can report. So what's going on? Take a look at the 5 minute chart to see unusual buying behavior.
Could it be just pharma stocks rock and rolling or could it be MSCIs weightage adjustment for India. Let's have a relook and decide what needs to be done next.
HUL: Intraday sellHUL just hit fresh high. looking for a short sell and then buy from low levels. EVEN rsi states it as overbought.
