The Indians could be in trouble - againThis is a 2H time frame set up. I show how this could be worth a shot south or a shot north (subject to your acceptable loss).
The estimated probability south is 55% - which leaves 45% for the north.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
India
Nifty Demand and supply zones according to me
Nothing to add much, in such markets i love to fall back to basic rules. For me the most basic rule of the market is Demand and Supply.
Market never turns its back towards this system, price will always respect these zones.
Other two systems i will prefer after zones is channel and Fibonacci, have used all three in this chart. Mark these levels on your chart. This chart is having extremely important data in it, analyse this chart deeply.
I know i am sharing idea after long time, was busy with some stuff hence forth will try to share ideas more frequently.
GAP UPs To Be Filled on BANKNIFTYI've mentioned this before, Gap Ups are interesting concepts to watch, as you can be pretty sure that at a point in time, they get filled up before the market has to rise again. Let's watch NSE:BANKNIFTY fill up the Gap Ups.
Looking to see 17,317 but before that, 19505 in the short term.
ORIENT PAPER : IN MULTI TIME FRAME WHAT NEXT ?Hey, guys welcome back again with some new idea sorry I am stuck in some work so I am not uploading any idea from few days.
I am just finding out some cheap stocks nowadays for holding and gives some good return within a week. orient paper is One of them you can buy around 20-21 for good profit I can expect it to reach 32-35 level within a month or week
Weekly time frame
Thanks
india covid-19 cases researchits just probability how number of cases will be its depend on fundamental view also(situation)
but keep hope chart should be expected.
Nifty Long Term BreakdownNifty long term trendline has been breached. There is a possibility that this was a fake breakdown and it moves back inside the channel. But I think magnitude of the sell down has been too much. Even if it goes back inside the channel it may not be able to sustain. It has likely turned into a bear market. Every touch of the MA should provide an opportunity to short.
Disclaimer: Just my viewpoint. Not a recommendation to buy or sell.
Third Time Lucky?We talked about this in our last update, if the BSE:SENSEX could actually pierce through the resistance at 31,123 to move higher.
That may not be the case. Well so far, let's wait till end of day to draw any conclusions.
There have been a number of holidays in April, so this sort of erratic behavior can only be expected. We close for Good Friday, and open for one day on Monday before the next public holiday on Tuesday. It's a long week, so stay home, stay safe.
May your longs go up, and your shorts go down!
EICHER MOTORS DOUBLE BOTTOM IN MONTHLY TIME FRAMEHI EVERYONE!
EICHER MOTORS FORMED DB IN MONTHLY TIME FRAMES
IT TAKES 1 TO 2 MONTHS TO REACH 23400
PLAN BUY ON EVERY SWING LOW DIPS
DONT PREFER SELL IN EICHER MOTORS
BUY MONTHLY CE OPTIONS
BELOW THIS DEMAND ZONE CLOSE EXIT
THANK YOU!
KEEP SUPPORTING & HAPPY TRADING!
History of the Indian Rupee (from the 1980's to 2020)The History of the Indian Rupee from the 1980's to 2020.
This graph is relative with the other major world currencies with "yellow" indicator lines for major (historical start date) problems in the History of the Indian Currency going back to the 1980's.
The Indian Rupee is has a market-determined exchange rate. However, the RBI trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. This is sometimes called a "managed float". Other rates (such as the EUR/INR and INR/JPY) have the volatility typical of floating exchange rates, and often create persistent arbitrage opportunities against the RBI (if the USD is not stable)
Note: China is the light blue graph in this study.
NIFTY top is in the for the yearTo put it into context first it is likely we are in the 4th wave of a multi decade sequence. This means that the flow for wave 4 is going to retrace towards 23.6% of the impulsive wave 3.
Very simply from the technical side, 9516 - 8128 are both in play with the global slowdown. Here expecting Indian Equities to remain under pressure.
Best of luck!
TATACOFFEE : ShortParameters :
Position Size : %1
Risk/Reward Ratio : 2.91
Stop-Loss : 74.85
Goal : 63.75
NOTE : TP1 => Take Profit 1 Point : 68.30