Too early to short at current level. Fundamentals are still weak yet market can push higher one more time before the fall.
Negative 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
COLPAL is in uptrend on 30 min. & 2 Hour Time frame. Here is an opportunity to trade a Falling Wedge
target 690, Sl 616, Buy above 630, to break the flag pattern
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
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 has been testing it's important level 9400. Looks like NIFTY will retrace from here to 9000-8800
2008 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
Rising wedge at the end of a downtrend , signalling another fall to the 25k levels
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...
Kotak bank looks like a shoert term long postion. Target 1 - 1270 Target 2 - 1300 with stoploss of 1215 or 1200.
*As we formed falling wedge pattern,we can expect a breakdown below 173 price. *Our takeprofit will be 140 and stoploss will be 195.
we can see soon 10k level NIFTY. ThankYou
jhunjhunwala - i don't track sensex, i track nifty50 also see, banknifty and nifty50 you will find, their correlation.
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...