India
QUICK NAV IDEA ;)HI GUYS, I HOPE EVERYONE IS DOING GREAT SINCE THERE IS ALOT OF FEAR IN MARKET REGARDING BTC SO I WILL BE KEEPING AN EYE ON NAV TO ACCUMULATE FOR SHORT TERM.
Axis Bank a path to Weak Resistance and Breakout Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout.
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KEEP AN EYE ON WPRHI GUYS HOPE EVERYONE IS DOING GREAT, TODAY I AM POSTING AN IDEA ABOUT WPR.
WHY SHOULD YOU BUY WPR:
1) WE HAVE STRONG SUPPORT AT 85 SATS
2) WE CAN SEE BULLISH DIVERGENCE ON MACD 4H TIMEFRAME
3) STOCH RSI IS NOT EITHER OVERBOUGHT NEITHER OVERSOLD SO ITS OPTIMUM CONDITION TO POSSIBLE MOVE ON BOTH SIDES.
TRADE SAFE GUYS AND DONT FORGET TO USE TIGHT S/L.
:)
NIfty Bank Bullish pattern As the Brearish market is fainted away now its time to ride the bull, the market is almost braked its strong resistance of 22300 as it's in a bull phase since 2 days so can make a doji or price action then the real Bull move will come, get ready for the Ride traders, mark target of 23300 for the short term.
Short the Nifty 50 for a double bottom back to 7600 by sept1. There's a clear bearish wedge that's formed in the past 3 months bear market rally.
2. The 10000-10500 zone is strong resistance
3. 61% fibonacci retracement is also going to provide resistance as bear market rallies shouldn't really violate this level
4. FIIs (foreign institutional investors) have been continuously selling into strength which does make for a very weak case for continued bullish moves
5. I am also bearish on the american markets, which could alone be a strong enough reason, above and beyond the aforementioned points.
The COVID death curve in India hasn't flattened - false dawn :(Unfortunately, the same thing possibly happening in the USA (COVID-19 DEATHS US) has already happened in India: there was a flattening of the curve but as of week beginning 15th June 2020 the percentage change of deaths is 36.74% matching what it was in week beginning 11th May 2020, 36.75%, and so dispelling any notion of a flattened curve.