India
Long on AxisCades EngineerThis stock seems to be on the verge of starting a sharp up move. It's possible it makes a close new low before going up.
The upper TL seems a good target. Following that, it could either break and continue up or could give a fall (for a Triangle possibility) and then up.
Arvind possible path aheadIt's possible that Arvind 0.99% has completed it's A-B-C correction and is on it's way to join the major trend. The above could be a possible path ahead. A fall till the 61% Fib level could be a great place to buy for the move up.
HCL TECH TRIPLE BOTTOMHcl Tech Seems Bottomed out. 3 White (Japan) Soldiers in candle pattern (Marked Rectangle). One can buy at channel breakout above 780+ if Volume supports. RSI now at 54.
JET AIRWAYSHighly favourable trade. Found support 2nd time at 200DMA and inside bar indicates trend reversal for the stock. Falling crude prices also bolsters the view. It is a text book example of triangle formation and should breakout on the upside.
Short BIOCONBit late in publishing this idea. Call was given at 725 level and its already down to 704,but further downside expected upto 650 levels easily.
Engulfing candle has also appeared, which has reinforced the view. At 650, it will complete FIB retracement of 38%.
LONG BHELFlirting with 200DMA. If breached, no resistance in sight till 163 levels. Maintain stoploss at 135.
It has shown good breakout from resistance level of 135.
HINDALCO SHORTReversal of sorts at the higher end of the channel. It should correct upto 125. Extremely favourable risk reward trade. Stoploss at 138.5
NIFTY 50 WAVE ANALYSIS UPDATE 22 JUN 2016As per our last post market reversal from 8235 to 8035 level, Still market holding on reversal zone. We can enter short upto thursday.
On Thursday BREXIT also impact our market little bit to send the market sideways to Downside. But in medium term still market in upside 8420 and 8650 level are intact.
Enter Long
DATE : 23/06/2016 - Time 13:50 - 14:56 Price - 8035
NIFTY 50 Wave Analysis 20 JUN 2016As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also.
Wave Projections for next month - Nifty may surge upto 8420 and 8650 level as quick as possible.
NIFTY 50 WAVE ANALYSIS 11 JUN 2016As i mentioned in the last post of NIFTY analysis expecting correction, It happened but due to strength of the NIFTY we got IRREGULAR PATTERN. Still Nifty on corrective pattern for next half of the week.
EXACT time and date for NIFTY BUY entry - 15 JUN 2016 --- 09:24 - 10:30 . You can enter this date & time if price near to our support levels for next week 8087 - 8038.
The worst is over for the Oil IndustryOil Industry has seen many ups and downs, and each time the oil plunges or makes a new high, it forces many strong economies to rethink on their strategy.
This time it helped Indian and US economy but for most of the oil producing nations are forced to reduce oil dependent economic model.
Any weakness in #USDOLLAR will further fuel the #oilprice.
For oil and gas industry, last one year was really bad. Oil is back in the upward trend and hope that the worst is over.
USDINR LONG USDINR showing consolidation and potential breakout as it experiences strong support at 2 year support trendline. RR ratio 2.31. If prv high is broken 71 is possible.
Medium term Outlook - Scary ?If the daily close not atleast 100 points up from current levels then looks like the preferred path is down.
NiFTY SHORT after 50-100 point risePrice reaching Renko resistance level and 7 period RSI reaching saturation levels. So a short after a 50-100 point rise.
Excel India Growth Fund TSX:EGI-UNIs it time to invest in India ?
Here's an example of Excel India fund (CAD denominated in Yellow) vs. the SENSEX (in Blue) vs INRCAD (in RED) and an average of SENSEX & CADINR (in Pink).
Despite Indian Index moving up, the (seemingly temporary) strength in Canadian dollar is driving the price of EGI-UN (Excel India) down.
On an average it has an upward bias which was only recently pulled down due to INR devaluation by RBI. Wait for (1) this retracement cycle to complete and (2) CAD to show some sign of weakness before entry. This should result in higher lows on the Pink line, that will be an Entry point.
Banknifty 3 YR Long Term Consolidation Breakdown ShortHello
This is an update from my BANKNIFTY Long call from 13700
and my BANKNIFTY short call which is at a breakeven point. The first scenario I had foreseen was a reversal at this lvl. The second was retrace to 17k and then back down. Now I notice a 3y long pattern of consolidation that has been in development ever since BANKNIFTY rallied from 8k to a 200%+ high of 20k. The banking index is looking weak as India continues to cut rates inorder to increase budget by decreasing payments on debt.
In the short term I think that the second possibility of 17k and back down is possible as the price action has been extremely bullish from 13k ranges and shows indications of wanting to test the top of the consolidation triangle at around 16.7k.
Best of luck
BANKNIFTY SHORTThis is a revision of my prv BANKNIFTY chart "https://www.tradingview.com/chart/BANKNIFTY/Qr1NFlnT-Bank-Nifty-Oversold/". I explicitly stated "Oversold" as I viewed the retrace that I had called till 16k as just a retrace and not any strong sign of resurgence in the banking sector. The channel has proved to be strong. 1st Tp 13.2k 2nd Tp 12.3k.
NCC Long Potential 20% TradeAfter heavy consolidation for 2 months I can foresee a potential breakout from the 1 yr+ triangle to supply zone @ apprx 85. SL is at 62. RR Ratio = 1.65. Always the possibility of denial at resistance trendline however this extended period of consolidation gives me the confidence of an overwhelming bullish sentiment
Best of luck!
