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India

In the long term Indian Market might touch around 12500Analysing the long term graph with a daily candle we can see that in the Fibonacci retracement the market can show a year low even at 12500 and as the coronavirus cases in India showing a reverse pattern to NIFTY so we can definitely expect some bearishness in the short term in the market but the virus might touch its peak sooner or later but the direction of the market might also be affected by the effect on Indian Economy which is going to be bad for 2 consecutive years. Also, the markets at the 15000 level are overpriced due to the entry of a lot of retail investors into the market this year. But the market is surely overpriced and can correct even till 12500 levels.
NSE:NIFTYShort
by guptaharsh940
BANK NIFTY - Wait For The Trigger!BANK NIFTY is overall bearish (short-term) trading inside this falling red channel but since it is approaching a strong round number 30k, we will be looking for following buy setups. Our upper red trendline is already valid but the buy is not ready to go yet! Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Trigger => Waiting for a momentum candle close above the gray area to buy. Meanwhile, until the buy is activated, BANK NIFTY would be overall bearish can still trade lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NSE:BANKNIFTYLong
by TheSignalyst
9
NSE:LT Larsen & Toubro Trying to enter blue sky zone?Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India. L&T (as per CRISIL consolidation) has superior liquidity driven by significant cash balances of more than 15,000 crore in fiscal 2020. L&T also has access to fund based limits of Rs 10,000 crore which has moderate utilization levels (including commercial paper). CRISIL believes the company has sufficient accruals and cash and cash equivalents to meet its repayment obligations and finance its capex requirements and investment requirements in various subsidiaries and JVs. Its unutilized bank lines are more than adequate to meet its incremental working capital needs over the next one year. NSE:LT > Dominant market position in domestic E&C segment with diversified revenue profile. > Strong financial flexibility and comfortable capital structure Negative points: >Subdued returns from significant capital employed notwithstanding moderate levels of debt service indicators > High working capital intensity of operations
NSE:LTLong
by Peaceful-Weekend-Investing
THYROCARE recently turned trend, about to test resistance zone.Hi. In this 1D chart I've plotted a few things: the recent MA 56 crossing that marked a trend turn, the approaching resistance zone from November last year and an interpretation of the movements since then as Elliott Waves. You can also see: There is still rooms for the Williams 224 to climb further. The historical volatility is lower than it was in November indicating a more stable trend. The Ichimoku is agreeing with the recent trend turn. There is possibility that the MACD will turn down across its signal but I believe that it will either skirt the signal and then continue rising or pass below it momentarily as the current Elliott Correction Wave plays out. It should be noted that the fundamentals of THYROCARE are absolutely excellent and therefore could be worth holding not only for the immediate future. Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods. This does not constitute financial advice. Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NSE:THYROCARELong
by Kabeldon
Banknifty WEEKLY EXPIRY Range Decoded for TomorrowThere is always something about some price and Thats why the prices tend to narrate their story- a story where each price differentiates from the previous one. The same was about the strong reaction on 10th Feb in last few minutes. Banknifty recovered 500 points to close above the support point which has been tested multiple time. Based on the fact we deduce three possibilities for the possible expiry range to be followed till 2:30 pm to eat the theta.
NSE:BANKNIFTYLong
by Pivotal_Traders