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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
Nifty long-term chart analysis give a story from 2000 to 2020.Following patterns are found for data of 2015 to 2019 (5 years data) on weekly candle chart. Channel pattern Flag Patterns Currently running Head and Shoulders pattern Remarkable zone 1, 2 and 3 Head & Shoulders pattern is still uncompleted with right shoulder. The neckline target is 10063 At the remarkable zone, its has highly price rotatio n detected with tails As per channel pattern , the range is 12600 to 10900. The gravitating target 12000 for nifty. Conclusion, break 10900 below nifty can draw more downward. History may not repeat itself, but Chart pattern gives you data points and insights to understand how the market can behave in the future. Weekly candle chart for the spot NIFTY from 2000 to 2020 until the present. Patterns, uptrend, downtrend, or sideways trend, etc are drawn. We have divided this data in 5 years data chart. Comparing the four charts that We have generated, conclusions was written. There're many similarities and difference was found. We can get clear picture of NIFTY for next price move. Case 1 (2000-2005) Lot of time and brainpower attempting for technical analysis. Case 2 (2005-2010) Technical Chart patterns on nifty. Case 3 (2010-2015) Chart the weekly data for the NIFTY.
NSE:NIFTYEducation
by Trade-Technique
22
EROS a mid-to-long-term gap fill candidate with earnings Oct 8EROS is a Bollywood production company making big moves to try to dominate India's booming streaming market. Eros recently went on a 200% run after signing several major streaming contracts, including a deal with Microsoft to stream Eros content on the Azure platform. The stock price then cut in half as it first pulled back from overbought territory, then broke down even further on news that the company took on a $27.5 million debt due in 2020. (This is something that often happens after announcement of a new product offering: the stock price initially shoots up, then breaks down on news of a new shares or senior notes offering to raise capital for manufacturing or marketing the new product. Shorting cash-poor companies after a big product announcement runs up the stock price wouldn't be a bad strategy.) Anyway, for the moment Eros has found a floor around 1.80. It has support from there all the way down to about 1.14, with the strongest support nodes around 1.65 and 1.32. This is a decent time to take a small position for a mid-term swing. The stock is likely to get further news boosts as it implements its streaming deals and launches its content on the various platforms. One short-term risk is the earnings report on October 8. Eros is reporting earnings later than usual, which often bodes ill for earnings results. (Late earnings tend to be worse than expected, whereas early earnings tend to be better than expected.) If Eros's earnings miss, the stock is likely to break down to one of its lower support levels-- perhaps even the very bottom of the support range. I would look at that as an entry opportunity. So if you do take a small position now, save enough cash to at least triple the size of the position after earnings if the price breaks down. In the event that Eros beats earnings and/or begins to run up again on implementation news, it's got plenty of room to run. 3.00, 4.00, and 5.00 are all conceivable in the mid-term. In the longer term, this stock has the potential to break out above 5.49 and then very quickly fill the gap up to 7.23. (For weekly news and educational videos, check out my new YouTube show, Wall Street Petting Zoo!)
ELong
by ChristopherCarrollSmith
3