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India is on the verge of collapsingFUD & HOPES all mixed up, not just changing every week now. On a daily basis. Different sources even say opposite things. Trade war & HKG good or bad news on the same day. No direction it's all coinflip. India has a weaker rupee and a weak industrial output. So a catalyst to reverse. There is enough FUD to sell. Maybe US indices push it higher, I am long DJI. If DJI pullsback Nifty should too and I'll get money there. No call on the Nifty or India long term.
NSE:NIFTYShort
by MrRenev
Indian stock market acting strong...The indian stock market index is at the brink of breaking out massively here, in this currency adjusted chart. If it manages to move over this trendline resistance it can confirm a quarterly timeframe trend pointing to a large advance in the coming 12 quarters, as shown on chart. Emerging market stocks become interesting with potential weakness in the dollar going forward, and rising oil prices. The big slump in energy prices certainly helps equities going forward, with a delated effect, as explained by @timwest in his publications, since transportation and energy are one of the key inputs of the economy. I'd keep an eye on it and look for good valuation indian companies, if there's a breakout in this chart. Cheers, Ivan Labrie.
CBOE:INDALong
by IvanLabrie
SP500 - 3045 followed by retraceBy looking at the weekly and applying a Fibonacci measured from the pre-2008 crash into the 2009 low, we can create future price targets. Isn't math neat? ;) You can see the 1.618 level held as strong resistance before finally breaking through upon Trump's sweeping electoral victory. The next target is 2.618 or roughly 3040. Indicators are bullish and prices are already at all time highs but not quite to 3k. More room to run. We could see a slow melt up to 3000 before pulling back.
AMEX:SPYLong
by jdharward
1
Short or Long will fill your pocket on TVSMOTOR?On the daily chart, Total 3 patterns have been plotted by this TVS MOTOR which is following, Two-Channel Patterns Flag pattern The Price rotation and Tails are important roles to identify the change in it. Presently, the stock price is in a channel with the supply line, therefore we are expected Tail or Overlapping at the value high. Focus on volume, the volume is rising with a price. If the volume will continue to raise then, we can see up-break out with targets 498-505 but the resistance 463-468 for short sellers and profiting for targets 428-411. We are seeing an excess at the demand line from which can be certain that a small excess can be found on the supply line. Resistance for TVS motors between 466-472 range. If anything does not change fundamentally due to this and next week, this stock will take reversal toward 418-400. The following patterns have been found, Triangle (Projected Triangle with breakout point) Channel from long-term We are seeing an excess at the demand line from which can be certain that a small excess can be found on the supply line . Resistance for TVS motors between 469-472 range . If anything does not change fundamentally due to this and next week, this stock will take reversal toward 418-400.
NSE:TVSMOTOR
by Trade-Technique
17
Personally I traded and earned money from PEL Flag Pattern Unclear Head and shoulders pattern (Price is trading at neckline) Channel with control price Cycling Observation: For Oct. 2017, Over-Reaction observed in Nov and Dec 2017. The month of Oct and 2018 have been seen Over-reaction with the change of the Volume . Currently the Oct 2019, a price is out of the channel and it has been just 10 days of this month . A sharp look at Volume: Volume for the last 10 days is equal to the Average Volume of the last 5 months . There are still 20 days left until the end of the month of Oct, even though the 10 days volume and price is outside of the channel. This is the clear sign of TAIL before ending this month. Question is, Why the price is outside of the downtrend channel? -> Before the answer this question, you must understand the sentiment of the investors. If we talk technically, price breaking 50 days M.A. the fear of spreading within the investors. Informed and Uninformed both investors having fear but Pro Investors will take action when price over-react.
NSE:PELLong
by Trade-Technique
2
BANKNIFTY,1W (Log) Rising WedgeThis rising wedge of NSE:BANKNIFTY in LOG scale starts from 2008 and is active even today on October of 2019. The scale of this chart pattern is now more than 10 years which is massive in terms of time and this can only increase the significance of the chart pattern. As you can see from the chart the bottom support line has never been broken on a closing basis. I am not forecasting any trade here, but the break of this wedge to the bottom will definitely not support the current bullishness in the Indian market after the Corporate tax cuts. I will update this if and once we break any of the two lines. Follow us on Twitter
NSE:BANKNIFTY
by vinaysraj