AUDUSD looks strong - Risk Reward ratio is favorable here..
If price goes below 200 EMA & is unable to come up again, we will come out of this trade, or else pull backs to 200 EMA is only an opportunity to add/enter.. 2 Targets are mentioned on chart...
AUDUSD has talen support at 50 EMA on 15 mins and the same range is also pivot point of hourly chart - .69100 - which can be the Stop Loss.
Target can be a new high on Hourly & 15 Min chart - as shown - around .69360 - which is also 200EMA area on Hourly chart..
Although the recent fall in Yes Bank is purely due to the news and hence is fundamental, charts are showing the important Fibonacci levels Yes Bank has been touching on each of these falls in the past 3-4 weeks.
If Yes Bank is to fall any further from here, then 78.6 levels (120) is on the cards, however, it is highly unlikely and most probably we would see a...
Price could retrace back a little here, which could be an ideal place to short with lower risk.. however, also watch price action and enter only on confirmation by an impulse on downside as price reaches upper side of trendline..
Aurobindo Pharma is another great company one should have in their investment portfolio and this is a very good time to buy/add this stock around 580-600 levels.
Expecting it to give 20% + returns annually from here and wouldn't be surprised if it is much more than that..
Lupin is one of the top Pharma companies with an excellent Balance Sheet, Sales Revenue growth and a very good future.
From long term investment point of view, this is an excellent company to have in your portfolio and current levels of 1250 are an excellent entry.
One can add more if it dips further as this stock itself promises to give 20% + returns within or...
Expecting USDJPY to move up as it is touching the lower side of an important trend-line on 4Hr chart as shown.
RSI looks poised to go up as well - as currently it is in oversold area..
Trade with caution as a break of this channel could mean further downside slide..
NIFTY appears to be completing Wave 5 of the journey it started in March-16.
Possibly, very soon, ABC correction will take down NIFTY back to levels of at least 8700.
Or it could even go down to 8400 or 8100 - depending on the strength of abc corrections..
I am already long GBP/JPY as it crossed 200 EMA on Hourly chart.
ADX has moved above 30 as well - so I would add more as I see strength in this rally now.
Strong close below 200 EMA is trailing stop loss, or else any retract to 200 EMA is a buying opportunity.
Using 20 EMA (strong close above) as trailing stop loss, AUDJPY looks like a good opportunity to short right here for a good rally down...
Besides, AUD is very weak and JPY is pretty strong overall for now...