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GOLD (XAU/USD) 4-HOUR TIMEFRAME SHORTPrice is currently moving downwards, making a series of impulses, corrections and continuations. Therefore, bear flag patterns are written all over Gold's wall. I will expect to take a short position once prices breakout of the bear flag pattern and target the 1270 price level. If prices can break below the 1280 level and push to the downside, it could be a good indication of bearish momentum. As always, let the market reveal its hand and wait for a collapse below entering any short positions. This is because market makers will be looking to trap breakout traders (particularly those waiting to place a short position). Otherwise, only market wizards can forecast the market direction.
TVC:GOLD
by munyaelliott
(NSE:BEL)_April_10_2019Bharat Electronics Limited is a state-owned electronic, aerospace and defence company with focus on developing and manufacturing electronic, opto-electronic, radar and C4ISR systems. The primary customers are the Indian Armed Forces, Indian Government and the Governments/ Militaries of friendly nations. Although, the stock price has been in a state of decline since late 2017 - early 2018, the humongous order book along with assured orders, modernization of the Indian armed forces along with push for Make in India make it a very attractive buy for value investors. Since August 2018, the stock is trading within a channel formed by the red zone in Fibonacci Retracement . As a value investor, I would have preferred to buy in the range of mid Rs.70 - low Rs.80 , however with the Moving Average lMA)ilines indicating that a trend reversal might be in the offing (bear to bull) I would likely put in an order around $90. The stock offers a dividend of 2.09% with a P/E of about 13 and a P/B of 3, which are pretty respectable overall. From the volume analysis there seems to be strong support at low to mid Rs.70. If the short MA (50 day, blue line) crosses the long MA (200 day, orange line) it could potentially trigger a bull rally. If this happens it would be typically after the elections with the NDA (which advocates a muscular defence policy) returning to parliament with a majority and after the May Earnings call. The risk is that the bull run fails to develop and the stock falls to the Rs.75 zone. However, the triple bottom (pink arrows) and existing downward momentum lends to the evidence that the stock is poised to go up. For more such analysis visit my website at advisacorp.com
NSE:BELLong
by advisacorp
Indian Stock Market Outlook for 2018 The two-year bull run of Indian stock market since March 2016 is due for a breather. Sensex touched a new all-time high of 36443 on January 29, 2018, ushering new euphoria amongst people. Markets do not go straight up or down, they do so in steps. We are expecting a step-down 2018 for 90% of Indian equities. And we do not expect the new highs to be taken out for the better half of 2019.The reason for a bearish outlook for Indian markets for us is purely technical. We do not try to link fundamentals with our reason so as to appease the economists. What this means for an average investor is to either sit on cash or be very stock specific. Following the broader markets – it’s going to be very hard to generate a positive return on investment this year. How deep the correction is going to be will become clearer when the market makes a few lower lows and lower highs. We, on this blog, are trying to bring you information and ideas to create wealth amidst all odds. Our investment philosophy is to be in the know of events unfolding that lead to changes either positive or negative – come out as a winner, regardless. Keep coming back to this blog to know what we have our eyes on. We will give you plenty of stock ideas so as to make your year a fruitful one.
NSE:NIFTYShort
by UnknownUnicorn2595495
4
Elliott Wave View favoring more upside in NIFTYHello Traders, NIFTY is showing an incomplete sequence to the upside in the short term, favoring more upside while above 11/26 low (10487.1). Near term, cycle from 10/26 low (10004) remains in progress as a zigzag Elliott Wave structure. Blue Wave (A) ended at 10774.7 as 5 waves impulse Elliott Wave structure and blue wave (B) ended at 10487.13 low. Blue of wave (A) unfolded as an impulse where red wave 1 ended at 10285.1, red wave 2 ended at 10105.10, red wave 3 ended at 10619.55, Red wave 4 ended at 10440.55, and red wave 5 of (A) ended at 10774.7. Blue wave (B) pullback unfolded as a double three Elliott Wave structure where red wave W ended at 10562.35, red wave X ended at 10646.25 and red wave Y of (B) ended at 10487.13. Up from 10487.13 low, blue wave (C) is in progress as a 5 waves impulse Elliott Wave structure where red wave 1 ended at 10941.20 and red wave 2 pullback is proposed to be completed at 10831 and ideally should extend higher as long as it stays above that level but more importantly above 10487.13 low. We don’t like selling it as the right side is to the upside.
NSE:NIFTYLong
by Elliottwave-Forecast
2
NIFTY 50 Looking to Consolidate Soon For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point. The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets. As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently. Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets. However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term. The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact. This is worth seriously monitoring.
NSE:NIFTYShort
by librehash
Trade and Mindset Failure Analysis.Everyone has bad days in trading - I usually never let my mind get affected. This was different, because like an amateur, I panicked out of a set of trades because one went bad. I was in three trades simultaneously- 1. Short on a put option for 9000 strike = Would have worked out if I gave it time 2. Bought Tata motors - trade premise inconsistent and circled back to market conditions = Would have been a break even trade - why was I trading the stock anyway, it was neither my speciality nor an immediate need. Maybe I was uncomfortable with my exposure 3. Long on a call option = Would have worked out if my goal was different (instead of covering a loss from the above two trades, I should have treated it as an independent event) The timeline of events is as above. Learnings: 1. Stick to Futures, Options and Indices. I am not a stock trader - I trade derivatives which I'm good at. Lack of volatility made me skittish and I panicked. 2. I'm watching too many TV series and not working hard enough. That changes today. I am working out every day which is becoming the second good thing I do - I used to have more and I'm going to work harder to get back to that. 3. Too many things on my mind - its time to close everything outside of trading that's pending - immediately, make a to-do and strictly stick to it 4. No more gaming on weekdays, its messing with my hardwork mindset. Other affecting factors: 1. Bitcoin is not moving. I'm hedged but its an opportunity cost that gets heavier as time goes by. Okay - that's out of my system. Back to work.
NSE:NIFTYEducation
by hiteshbhatia3559