India
ZIL/BTC Small BreakoutThere’s a small breakout in ZIL. The retest of support is around 84-86 Sats. If ZIL were to breach the wedge then it would be a sell, but we are in anticipation of a bounce in this support range instead. Ideally we would like confirmation but for now it’s a Nuetral-Long
TECHM LONG TREND IN TRENDING CHANNEL I LIKE THE WAY ITS TRENDING IN A CHANNEL
AND HIGHER TIME FRAME LOOKS BULLISH
HDFC LONG MONTHLY LOOKS BULLISH HDFC LONG 1:4 TRADE
MONTHLY LOOKS BULLISH
DAILY IS CONSOLIDATING WELL
Nifty50 enter correction modeNifty50 reached an ATH after Gov cutted corp taxes some weeks ago, but looks like we gonna start a technical downward correction now as Trend Indicators like RSI are not able to copy the new price high, shwoing an H4 chart here
#TDP #education
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.
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.
Azure looking long first target 11%Strong earnings, PPA's signed with a further commitment of 1.5/GW. 2019 net profit was over USD 2 Billion with net earnings attritbutable to equity share holders was over USD 1.1 billion. A combined portfolio of over 3.5 GW; therefore earnings will be accelerated.
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.
