TCS New Record high Possibilty- 4216TCS - now tcs price is 3998 so if break 4000 level so new high possibility in tcs -4216.
India
GMRINFRA - Breakout or Fakeout? - Watch out 43.35 & 46.10 levelGMRINFRA has been on a run for last 2 years, already up by 300%. It recently tried to break out the trend line, but it needs to be to close above the 43.35 levels for break out confirmation. It's also testing the key weekly and monthly levels in the charts, consolidated for a very long time forming a strong base. Keep an eye on the levels 46.10 levels, break out can be explosive. Any rejection from the levels 43.35 & 46.10 will make the stock further consolidate for some more time.
Godrej Properties - Watchout key support levels 1855, 1758, 1596Godrej Properties had a major breakout on Sep 21 2021. It's natural for any stock breakouts to retrace back to test the breakout trendline support , here its close to 1855. Next big support is at 200 DMA around 1758, if it breaks below that , we have strong support at 1596. This stock is in long term bull trend, long term investors can add in small positions at these support levels.
Bharti Airtel - Short term bounce - 696, 706, may be 720 I was short on Bharti Airtel few weeks back and it reached all my lower targets. I see this stock is currently oversold and might see some short term bounces to test levels 696, 706 and may be 720 as well. Year end market float might also support the stock bounce. Its still consolidating sideways on a wider range looking for a direction.
India Cements - Need to close above 202 for trend reversal India Cements has been on sell side pressure after hitting 52 week at 232. But the stock has been on long term bullish trend consolidating within the channel since 2020 covid lows. Currently the stock is in slight bearish mode, since it recently made higher lows and lower highs. It needs to close green above 202 for consecutive 2-3 days for trend reversal from bearish to bullish, then we can expect the long term bullish channel trend to continue.
A Few Reasons Why India Has My Attention Right NowIndia has recently caught my attention as a very interesting region of the world that is growing fast and building fast. Let me be clear, though, that I am not an expert about India. What I am about to write are all the things I've learned doing some research and talking with friends and users online who have been there or live there.
The chart I've attached here shows the INDA ETF, which is one of the few India ETFs in equity markets. I also find that interesting - it's not really easy to find an ETF or fund that gets you exposure to India firms. So keep that in mind while reading or looking at my chart.
What public India stocks do you know?
Are there any public India stocks or ETFs that you think I'm missing?
I am not going to be buying anything right away, but I do want to hear any thoughts from those who are reading.
Here are some recent thoughts I've had:
1. A few years ago, Jeff Bezos said the following about India: "“I predict that the 21st century is going to be the Indian century. The dynamism, the energy… everywhere I go here, I meet people who are working in self-improvement and growth."
Amazon is currently in the process of investing $1+ billion into India to bring new marketplaces and manufacturers online.
2. Venture capital in India hit a record at $63 billion. And it seems to be growing.
3. India has a record number of startups valued at $1+ billion. India was never known as a startup hub until recently. I think what's changed here is the number of US investors who are starting to take risks in the region. Perhaps this is a "rotation" from other countries that dominated recent venture capital cycles, especially in Asia, to places like India that have no received the same level of attention.
4. Here's an example, India has a GDP per capita of 1,900. China has a GDP per capita of 10,500 and Brazil has a GDP per capita of 6,700. All these regions of the world are growing and to be an optimist, you want to see the world continue to succeed, build, and improve. Could India start to grow as fast as these other countries? Time will tell, but it does seem like a question worth asking.
Thanks for reading!
Please reply if you have any thoughts or ideas on how to play it.
INDIA COVID Wave incoming Update II Previously (see linked idea), the MACD model projected " a new wave should be approaching and happening in India in December 2021, going into 2022."
This was back in October 20, 2021
Just started as expected! Seen that the last week of 2021 and first week in 2022 is registering a spike, and a greater spike following.
Albeit the spike is not as pronounced yet, but expected as now we have Omicron. Back in October 20 at time of posting, Omicron was not yet identified. It was only made known in early December 2021.
Another example PROOF that the projection model works!
Going forward, it appears that serious acceleration of the spread should start end January and once February turns round.
RBLBank - Wedge Pattern Breakout - Bullish Short Term RBLBank broke out of the Descending Triangle Wedge Pattern Nov 2nd week. Need to take out the Strong resistance levels at 226.4 and 274.3 for long term bullish trend.
India Bull Housing Finance - Ready for Break out ? India Bull Housing Finance has been consolidating for sideways for last 4-5 months. It tried to breakout multiple time above the strong resistance levels but got rejected and closed below the line. It's again flirting with the resistance line, but this time the volume is unusually higher and similar to previous ones when it had major breakout. If the daily candle closes above the 257 line, it's headed towards 277, 297, 312 target. If it gets rejected again, expect to consolidate again in the channel. Momentum shows its heads upwards.
COFORGE - Getting for breakout ? COFORGE had a very good run in last 2 years and still has lot of steam left in it. It's currently consolidating in a bull flag patter for last few 2-3 months and testing the previous highs resistance levels. Any breakout above 6030 can be explosive, but needs support from institutional and FII volume. Can't much trust the recent price movement much during the low holiday season volume.
NIFTY Short term bullish - Bonce back to 17379Due to seasonal volume in year end, with most FIIs on holidays, markets generally float up to finish the year in positive note, basically a santa rally. I expect NIFTY to bounce back and test the lower end of the channel around 17379 approximately by first week of Jan or earlier, depends on when it touches the trend line , as it's inclined upwards. Overall market trend for 2022 is bearish at this point , due to US Fed tightening the liquidity and rising interest rates. Unless they change the policy to print more money due to new COVID variants. Stay in good quality stocks, so the downturn risk is limited.
BTCUSD weeklyBTC / USD Technical Analysis
Comment on your comments
This analysis is only for better awareness and decision making
I hope it is profitable for you 🙏
MOMENIfinance
India police give tips against being victims of crypto fraudThe Indian police have sounded a warning to locals not to fall victim to any cryptocurrency scam in the wake of surging crypto scams.
The Additional Commissioner of Police Shikha Goel warned Indians at an event in Hyderabad, India, about the rise in cybercrime. She revealed that scammers use various methods to dupe investors.
Speaking on how they operate, the officer said fraudsters use lucrative investment opportunities, illegitimate bank transfers, and cryptocurrencies to dupe unsuspecting victims.
She stated that the police handled sixteen cases involving cryptocurrency scams.
The police chief advised citizens to invest in crypto only through reputed and long-established players in the field and said coins should not be transferred to unauthorized private wallets.
Money can’t be traced back, be careful India police warns
BTC MASSIVE PUMP POSSIBLE???In Short Term BTC On A Uptrend After Made A Double Bottom & Following Trend Line Perfectly.We Already Seen A Bull Flag Breakout At 49k Level & Another One Making Here.So If BTC Break This Cureent Bull Flag And Follow Last One Then 53-54k$ Will Be Next Target In Few Days............
Apollo Hospitals - Short term bearish , Long term bullish trendApollo Hospitals recently broke out of the strong resistance levels at 4700 and went on make all time high. It kissed the major upwards trend line which is a strong resistance line and pulled back little. If it doesn't break above this trend line, expect it to pull back and retest the 4700 support levels in next few months, which will also fill the gap in short term. I'm bullish on long term but bearish short term. Anyone looking for long term positioning can start accumulating at the price of 4600-4800 levels.
ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
Bank Nifty - Key Support Level - Bounce or Break Down? Bank Nifty has been in upwards bullish channel since April 2021. Currently its at key Support level - Channel lower trend line. It can either bounce back (Green line) to test upper channel trend line or break down (red line) to test support levels marked in green. Its still in bullish trend, high chances to bounce back up.
NIFTY 50 - Head and Shoulder Pattern - Short Term Target 16600NIFTY 50 formed a Head and Shoulder pattern recently and is also testing the major trend line support. I gave a target of 17650-17600 on Nov 9 before Dec 1st week, which we achieved on Nov 22. I see short term bearish with target of 16600 by or before Jan 2022.
Possible PullbackAt the end of the session price rejection was there indicating possible pullback or reversal I suggest going long and using base of drop on 15Min TF as targets! You expect a drop at the start of the session but it will close at 17100 making it ITM!
Nifty at the crucial make or break point NSE:NIFTY
On Dec 17, Nifty’s close is very significant as it closed at the point where three support points meet.
1. Support at the central line of the downward channel.
2. Support at the 61.8% Fibonacci retracement level (Aug Low - Oct High)
3. Support at the trend line formed by connecting the bottoms of July 28 & Nov 29
Nifty breaking this point decisively can therefore be seen as signal of further down, probably at accelerated pace.
ADANI ENTERPRISES - BREAKOUTAdani Enterprises trying to breakout out of the consolidation phase. If the next two candles are green, expect major upwards momentum. If it fails breakout, it will come back in consolidation rectangle again. Adani gas is also trying to breakout highs, but getting rejected in last 2 days.
