India
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
Nifty in structural bull runRecent correction is just a block in long term bull trend of nifty, So does for indian market.
Till the time 10800 and 10600 is saved, I think market can bounce back to higher level. Long term support seems near 10k to 9800. If this comes then it would be wow point for heavy purchase.
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The news comes at alltime low prices!
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Targets Vs B T C
T1 .00000050 400 Percent Gains If You Buy now .00000010
T2 .00000090 800 Percent Gains If You Buy Now .00000010
Stop Loss On Current Near Alltime Low Prices now .00000060
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Simple logic, buy alltime lows, buy what ppl fear, buy what ppl say is a scam, buy the negative news only if you believe in the project.
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#WRX HUGE PROFIT - 74% so farHUGE PROFIT, 74% Profit so far.
After the good news today, #WRX pumped hard.
INDL - Positive INDL chart in a glimpse, on special request from some friends who have exposure in this
Direxion Daily MSCI India Bull 3x Shares (INDL)
Find below the fund summary as from their website:
The Direxion Daily MSCI India Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI India Index. There is no guarantee this fund will meet its stated investment objective.
This leveraged ETF seeks a return that is 300% the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.
Target Index
The MSCI India Index (NDEUSIA) is designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of companies in the Indian equity universe. One cannot invest directly in an Index.
A quick look at the charts, RSI has been more or less stagnant and the prices have continued to move upwards. I have created a uptrend line below the prices to gauge the support line and built faster support lines in green and blue (momentum gauge) to see if there is reason to worry if breached. I would like to look out for these lines in green and blue to be breached as the first couple of signals for caution of probable change in trend and the changing of havds of power from Bulls to the bears
RSI has been finding support between the 39 to 50 levels and seems to be bottoming out there and currently is finding resistance in the 55 to 65 levels. One would like to see either of these ranges being broken to show us further direction on the movement. As we speak, price is nicely making higher highs and higher lows
From a Gann Fan perspective, we could be a potential support level. In case price falls below this support level and gets lower in the lower zone, we could look for new support and resistance zones established
From a Fib retracement perspective, it also suggests that we found resistance and got rejected from the 78.6 Fib levels and has now found support at 61.8 fib levels
It all seems to be adding up!
Added below is my view on Nifty and other indices affecting India
Stay invested now, but look at cues what the chart shares
Trust this helps
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Cheers
Higher Low in consolidation range....LONGPetronet is in clear uptrend on weekly TF.
On Daily TF, it is consolidating in a range. Now has made a higher low with a strong Bullish Engulfing yesterday.
I am long. Target has been set as per classical charting rules i.e. equal to max width of ascending triangle.
BANK NIFTY BEARISH CRAB PATTERN FORMED IN 1 HRHI EVERYONE!
MY VIEW ON BANK NIFTY IS FORMED BEARISH CRAB PATTERN FORMED IN 1 HR
TARGET 26920 IT WILL ACHIEVE WITHIN THIS OCT MONTHLY EXPIRY
GO FOR SELL
I RECOMMEND DO THIS TRADE IN OCT MONTH PE OPTIONS..LESS INVESMENT HUGE PROFIT IS THERE!
LET"S WE WAIT FOR 26920
THANK YOU EVERYONE..!
KEEP SUPPORTING..!