Price fell short of retracing to Yesbank NSE Indian Stock weekly demand level around 319 and kept on rallying strongly in a big picture uptrend. New weekly demand level created higher around 351, price did retrace to this weekly demand imbalance, playing out nicely. Long bias at new areas of demand on Daily and Weekly timeframes
Finally Infosys saga has turned the way we anticipated about a year ago ( check out the linked posts ). Now since you can not fool all the investors all the time, Rs. 13,000 crore buyback plan has been received by the investor the way it should have been! Why? Because the right time for buyback was many years back when clients of the major IT firms were so naive...
...Continue from part 2 .... Then What Should One Do? Not To Invest At All At Such Valuation? Everything depends upon your investment horizon and your expectation. If you are expecting next two years of 25% rise, then maybe you shouldn't. Expecting 10% over next 15 years then you may ! If you don't care about your invested principle for next 20 years then...
Continue from Part -1 ..... Gullible Sheep Will Be Fleeced Again And Again Even when they had mediocre returns and no strong case to invest in their funds, Mutual fund and other investment companies were able to suck in billions to invest with creative presentation tactics. Fortunately now they have everything in their advantage. You ask for historical returns...
If someone has just started investing in Indian equity markets recently than the probability of getting mediocre returns over investment or even negative return is much higher. Well, we bet that's what you haven't heard from your new Mutual Fund or SIP investment advisor touting minimum 25% returns, have you?! Ok let's go through what are the possible future...
My earlier message about this scrip is void. It was only till the expiry which was today. This sector has seen too much of negativity in the short run. Technically, the price has broken the downward pattern. It has to test the high to contemplate a run downwards. 86 is the short term target and 91 for medium term **if the short term goes well**.
So, the time has caught up with irrational exuberance on banking sector in India. The ridiculous rally banknifty saw over last few months lacked any fundamental push as such. Now it all seems to be unwinding. And this is going to be good! In this chart we see State bank of India has broken the steep weekly channel quite significantly. 260 at least would be a...
Hindustan Unilever #HINDUNILVR Indian Stock buy setup at weekly demand level around 924. Very strong departure. Previous weekly demand at 771 played out nicely
Hi Friends, A short term buy setup is making so you can buy up to the 61.8, then look for down move.
Hi Guys, after this abc correction look for another down move in axis bank.
Hi Guys, Those who trade it can look for break to downside if it broke that corrective structure then more up or more down.
Buying above today high for 50-75% gain.
Strategy: Buy @ 2407 ------------------------------ TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can...
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
Talking 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...
In this article I'm doing Elliott Wave Analysis of LT . As per the posted chart LT seems to have started the Wave 3 and currently seems to be have completed the lower degree Waves 1 and 2 , simply speaking we should be seeing a 3rd of the 3rd real soon if this analysis is correct. Currently 2 trading strategies can be employed : 1. Traders can buy on dips in...
VEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.