HGS Daily Breakout - Watch out for trend direction next 2-3 daysHGS break out of the wedge pattern yesterday and formed a bottoming tail, which is bulling. Volume has been above average last 2 days, showing some strength. Likely chances to fill the gap upside at 3236 from current price, as shown in green highlighter. If it fails to move upwards and comes back in the wedge pattern, it will first fill the gap down at 2788 and then it will hit the lower trend line of the wedge and will try to break out again to fill the gap at 3236. If it breaks above the 3236 it will test the all high prices and beyond. Watch out the trend for next 2-3 trading days.
India
Bharti Airtel - Trying for Breakout - Short term bearish Gapped up and tried to breakout previous high 755, but lost momentum. I see short term bearish with target 720 , 710 and 705 in next 1-2 weeks. But if it manages to close above 760 for 2-3 consecutive trading sessions, expect another upward move.
$BKF Long SetupI am looking at the $BKF (Brazil, Russia, India & China) ETF as a great setup for a buy.
From a charting perspective, it looks like the optimal risk / reward entry. In the macroeconomic context - I would also expect rising commodity prices to pull emerging markets higher.
More on this soon!
Take care and God bless.
Muthoot FInance - Testing Key support levels Muthoot Finance has been hammered recently, which caused to retest the earlier breakout zone ( Box). It also bounced off the key 200 DMA line. Trend is bearish right now and stock is getting into oversold zone. Long term investors can start accumulating at these levels. This stock will bounce off with the Gold levels getting bounced.
IRCTC - Bullish Consolidation - Short term bearish - Target 800 IRCTC is consolidating side ways after a major break out and bull run. I expect it to test the 800 support levels for further strength. 20 DMA is bearish and will crossover 50 DMA soon. If the 800 level is breached it will test 685 Gap fill.
CIPLA - Upward Bullish Trend - Short Term Target 1070-1080CIPLA has been on upwards bullish trend channel, recently it hit the key support trend line and bounced off sharply. I except CIPLA to test the channel upper trend line , with short target of 1070-1080 in next 5-6 weeks. If it breaks above the upper trend line for 2-3 consecutive days, expect a major breakout. But so far it has been in the channel for last 18 months.
Indigo - Breakout ZoneIndigo Arilines In 2nd consolidation phase now. Its testing the resistance at higher levels of the box, if it breaks those levels, can expect another major bull run. But mostly I believe it will be rejected and again it will chop within the box sideways for some more time. Short term bearish, long term bullish.
TatasteelFormed Bull Flag pattern in last 2 years. Right now it's consolidating in Descendant Triangle pattern, which is bearish short term. Need to break the the upper trendline for bullish breakout. Strong support at 1260, if it gets breached next support 1232, 1113 and strong support at 1030. Long term bullish, short term bearish.
Thyrocare - Multiple Bull Flag Breakout - Long Term Bull TrendThis stock is in long term bull trend. You could multiple bull flags in last 18 months. It's always healthy for a stock to consolidate for some time after big breakouts. Right now this stock is in the bull flag formation pattern and about to breakout upwards for explosive moves in next few months. In last few days, momentum has started picking up, expect some good moves for next 1-2 weeks.
Welspun Enterprises - Major Bounce off Support. Welspun Enterprises kissed the major support line yesterday and had a good bounce. Expect some short term bounce for next 1-2 weeks for 10-15% gains, as there's momentum. For next few months it's going to consolidate side ways in range 93-134 before big breakout or breakdown.
Aarti Industries - Short Term Bearish It recently hit all time high and sold off, and now it's forming bear flag. It needs to take out 995, 1028 and 1052 resistance levels to reverse the trend. But short term it looks little bearish, might just consolidate side ways for some more time to pick up a direction - Bullish or Bearish.
Manappuram - Long Term Bullish Channel MANAPPURAM in upwards channel. Expect it to run within this channel. I also see another trendline within the channel marked in blue lines. Though Manappuram sold off recently due to bad results, long term trend is bullish , as gold prices will shoot up high in 2022 due to Inflation across the world and currency devaluation. If it breaks out above the channel, expect a major blast in upwards, target 350-400 in 12-18 months.
Godrej Properties - Major Bull Trend Godrej Properties has been in a mega bull trend for last 2 years. Clearly we can see the pattern, Breakout , Side ways consolidation for a period of time and breakout again. It has followed this breakout cycle twice in recent times and now is in the formation of 3rd breakout. Price might chop a bit on the side ways for few more months before another breakout. Long term investors can start accumulating it as prices correct, traders can wait for the breakout of the box.
Long the IRCTC stock - Analysis for 27 Oct 2021Hello, This is my Technical Analysis for Indian Railway Catering and Tourism Corporation (IRCTC) stock.
According to my analysis the price will go up.
We should take a Buy entry at 4210
The target should be at 4390
Stop Loss at 4088
Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
INDIA COVID Wave incoming end 2021Based on the MACD Histogram projection model, a quick note that a new wave should be approaching and happening in India in December 2021, going into 2022.
$BBIG endgame, a bull's dream scenario...'Tis I, old friends.... the NASDAQ:BBIG whisperer.
If we stabilize and hold above 8, I think there's more room to run. That's all I'll say for now.
How many of you OG's are still in?
INDA - Time to Invest in India!-With the current tariffs on China due to the U.S - China trade war, all major U.S based importers and manufacturers are moving to countries such as Indonesia, Malaysia, Turkey, Russia, and India.
-With a continuously growing economy and an Artificial Intelligence market that's worth of $8 Bn, what's better than investing in India right now?
-U.S equities are in a bit of a struggle which gave them this sideways / downward movement this month. Increasing commodity prices + November Tapering is all showing its effects on the stock market.
-With this uncertainty within the U.S market, investors have more reasons to invest outside the U.S market. Surprisingly all India ETFs and Companies are green overall every month. We will be opening some leap positions on Indian stocks this month!
Stay safe and good luck!
BTC/BITCOIN WHAT HAPPENS ?Bitcoin is volatile, if bitcoin crosses 58,770 and goes up buy it for a short term. If it fails to cross the 58,770 which it will probably {SELL IT} ,because previously bitcoin failed to go beyond this level. The arrows indicate your call, goes up buy for short term goes down sell it, let it test the levels.