Posting bit late, but still Poonawala Fincorp (Rs.216) has Huge potential from here as well (This is my view)
Let's review stock after a year again..
Please do your research before investing..
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Warren Buffett is famous for his investments, which he makes right at very bottom, and then holds them for many years and stocks bring him > 1000%!
There is a high probability that history will repeat it self with this cryptocurrency bank, in which he invested $ 1 billion a couple of years ago.
In fact, this is the only bet on the cryptocurrency of an elderly...
🔹NFLX is in a rising trend channel in the medium long term.
🔹NFLX broken up through resistance at 370.
🔹The volume balance is positive and strengthens the stock in the short term.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH |...
- CSCO shows strong development within a rising trend channel in the medium long term.
- CSCO is testing resistance at 49.40.
- This could give a negative reaction, but an upward breakthrough of 49.40 means a positive signal.
- CSCO is assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time...
In the above Daily Chart, we've forecasted a marginal high of Gold(XAU) to around 2,060 and from this level we expect a correction ABC to around 1,800 where the smart buyers must appear with higher probabilities. In weekly(W) time frame, Gold(XAU) has a bullish structure .
As we shown on the daily chart, we expect 1(one) wave ((5)) movement in the next months to around 118. So the biggest odds are higher. If Dollar(USDX) breaks the last low wave ((4)), a double correction will take place. In this moment, the Right Side of H1 and H4 is turning up. We need more data to see a clear definition in USDX next movements.
- QQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- QQQ has given a positive signal from the double bottom formation by a - break up through the resistance at 295.
- Further rise to 327 or more is signaled.
- QQQ has support at 295 and resistance at 320.
- Overall assessed as technically...
Short and Medium term structure S&P is bearish once it makes a new low around 3,500. Now we expects more downside to 3,100 as it's shown in the orange circle in Daily Chart. We expects a reverse in this circle area and we saw a strong correlation with other indices (American, European and Asian). Next week, we'll update this forecast.
Clearly the most undervalued stock (with P/E ratio under 3) as compared to other stocks of this sector oil and gas industry ⛽
My avg. Buy at 180
Key Notes as:
Cmp 240
Book value 340+
EPS 80+
ROE 20+
Face value 10
Good Q3 results
Decreasing Public holding
Increased Mutual fund holding
Formation of ABC pattern (Sea horse)
TGT 325-350+
SL BELOW 220-200
So...
CAD - LT/MT Idea!
We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD:
This chart is based purely on Technical aspect....
Hello and welcome to this analysis
In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak.
The decline appears to have come to a halt at the...
So I predict that there will be a bounce towards the price of 1880, after that whether immediately or slowing down, Gold will decline again. The profit target is at the price of 1776.
Note: Remember, this is not financial advice. Always follow your own analysis. Thank you and good luck.
Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C.
Short-term analysis
After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave...
I bought Castrol India
Candles above 100 & 200 EMA
RSI bullish
Manual trend is bullish as well
SL 95
T1 115+ and T2 open
I think we may witness a strong up move in 3 to 6 months
Bearish Chart pattern forming on 4h / 1h timeframe indicating a potential uptrend reversal which could retrace to the 0.382 Fibonacci Level and beyond.
This trade idea offers an excellent 5+ Risk to Reward Ratio for the remainder of the week and due to the UK's troubles of tax, political unreasonableness and general economic horror i expect this ...
![NFLX: NFLX - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/u/UeB9yKIF_mid.png "NFLX - Rising Trend Channel [MID TERM]")
![CSCO: CSCO - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/f/f9SozH9k_mid.png "CSCO - Rising Trend Channel [MID TERM]")
![QQQ: QQQ - Breakout Falling Trend [MIDTERM]](https://s3.tradingview.com/e/EoElKyDV_mid.png "QQQ - Breakout Falling Trend [MIDTERM]")
