There is always something about some price and Thats why the prices tend to narrate their story- a story where each price differentiates from the previous one.
The same was about the strong reaction on 10th Feb in last few minutes. Banknifty recovered 500 points to close above the support point which has been tested multiple time. Based on the fact we deduce three...
Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India.
L&T (as per CRISIL consolidation) has superior liquidity driven by significant cash balances of more than...
Tata Motors is likely to have left the downward trend that has persisted for the past 5 years and thus achieved an overriding trend change.
Even if the market environment is difficult, the stock market is buying the future. India is a huge market.
Please also use the attached view from 2018 to get an even better overview.
Patience is a virtue.
Some markets seem to have shown that they peaked in mid-January... indicated in their U.S. listed, $USD denominated, ETFs: Russia RSX, Brazil EWZ, India INDA, Thailand THD, Europe EWZ... and also in certain financial markets as indicated by a Commodity Tracking fund DBC, and see also the US Government Bond 5 Year Yield .
Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it.
Elliote wave: 5+3
=>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave
Long term, emerging market should outperform US due to high growth potential. India ETF looks particularly interesting to me.
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...
32118 is a crucial level if it opens and manages to stay below this then A bearish trade can be made !
However if the BN continues to make the 200EMA as a strong support trend line ( non linear of course!) then a trend continuation is good for the bulls
It seems that a strong reaction was formed at these current price but it also not ruled out that if price trades below the first upper red line then the first target can be the second red line and then the Black line !