BUY TRADE WITH A GOOD RR 4:1
Price is coming from a Monthly Demand and now is in a Daily Demand the pullback is over and ther Reward to Risk ratio is also good.
Hence a Long one,,,
Enjoy the rise!!!
India
SUGAR BULISH SCENARIOPrice boost and upward momentum on Raw Sugar, after India declared that a downward revision on its sugar cane crush. Being the second largest manufacturer of sugar in the world, this news had a positive effect on the price of the raw material.
Both MACD and RSI are confirming the current trend. If it continues, the price might reach levels of 25.539
As a pivot point levels of 22.43 can be used, and if the price breaks below it, can test levels of 21.58
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Gold, China, BRICS vs. US Dollar HegemonyIn the contemporary global landscape, compelling arguments exist for a pro-Gold, pro-China, pro-BRICS case and a pro-US, pro-USD case. This extensive analysis will explore both perspectives, starting with the pro-Gold, pro-China, and pro-BRICS cases.
The global commodity supply and demand pricing dynamics reveal a shift in gold businesses from the US to China. Since 2013, gold demand in Asia has led to the migration of vaults, physical and financial trading operations, and even exchanges to the East. This shift signifies an increasing connection between oil, gold, and the Chinese Yuan, as evidenced by the gold-for-oil trade between Russia and China in 2017. Rumors of Saudi Arabia using renminbi from oil sales to buy gold on the Shanghai Exchange also indicate a growing connection between these commodities and the Chinese currency.
The BRICS coalition (Brazil, Russia, India, China, and South Africa) has formed to counter G7 control and assert their interests in the global landscape. The US freezing Russia's foreign currency reserves and cutting them off from the SWIFT system has catalyzed the emergence of Bretton Woods III, a new era of commodity-based neutral reserve currencies. As the US hegemony declines, a new world order with multiple powers based on commodities production and trade is emerging.
However, the pro-US, pro-USD case argues that despite concerns surrounding the dollar's hegemony, it remains a crucial player in global transactions. China's economy faces growing debt, an expanding real estate bubble, and potentially inflated GDP numbers. Moreover, the yuan (RMB) faces significant challenges in becoming a globally accepted reserve currency, primarily due to China's capital controls, illiquid markets, and authoritarian governance.
In contrast, the US dollar remains dominant in global central bank reserves and transactions. This is partly due to the dollar's resilience and the perception of the US's security and stability. Although reserves have shifted for countries with closer trade relations with China, the US dollar remains the world standard.
The push for de-dollarization has gained momentum recently, particularly after the Russia-Ukraine conflict and Western sanctions against Russia. However, moving away from the US dollar system is challenging for several reasons, including the US dollar's dominance in global markets, the yuan's limitations as a globally accepted alternative to the US dollar, OPEC members continuing to price their oil in US dollars, and the obstacles faced by BRICS nations in creating a new currency to facilitate trade and promote de-dollarization.
In conclusion, while there are signs of a shift in the balance of global reserve currencies, it is premature to predict the decline of the US dollar's dominance in international markets. The pro-Gold, pro-China, pro-BRICS case highlights the increasing role of gold and the emergence of a new world order with multiple powers based on commodities production and trade. However, the pro-US, pro-USD case emphasizes the resilience and stability of the US dollar and the challenges faced by alternative reserve currencies, such as the yuan, in replacing the US dollar on a large scale in the foreseeable future.
Indian Oil Corp (IOC)IOC - Elliott Wave View.
The stock is currently correcting and will likely go higher in wave 3.
BANKNIFTY - Correction PhaseBANKNIFTY - Correction taking place in WXY structure. The index will likely drop this year as a part of correction.
Why I knew what I knew.A fall of 200 points and then gain back of 150 points is what we all expect at situational understanding of todays graph. But I had been researching over past 3 months the WAVES that rule over indices, I completely eradicated all of the Fundamental Reasons for example news crashes or something like Banking Crisis as the reasons for any downtrend and uptrend for once, even though they are the complete reasons. However there exists a Natural Pattern in Technical Analysis, it is the study of behaviours of Participants in a Financial Market, and Indices are the best representation of that behaviour. So coincidently the time period I studied might have elapsed over same conclusive results of wave analysis but I was dead sure in such a bullish momentum that was taking indices over the edges of Buy Signals and every one opinionated buy calls, yet my research was telling me to short NIFTY50 options. Dow Jones Industrial Average rules the exact parameters of Nifty50 the Indian Index as it gauges it to gap up if Dow futures are up or down if they are down. So the methodology to study waves that I implemented is a simple task of figuring out the weightage stocks that are moving the indices, calculate their Fibonacci sequence, sort their demand and supplies and being an analyst at beginners level I also studied the RRG graphs, the relative strengths, the PMOs, the Sectoral Rotation and concluded that April is for the first fifteen days fully bearish.
Bank of India Breakout BK of India is very crucial level if stock break the pattern and close the candle with good strength.
We will see a good price movement in upcoming Days [/
Always do your own Analysis first
DRREDDY.... BULLISH. - Healthcare and Pharma SectorNSE:DRREDDY
This stock is fundamentally at ALL TIME HIGH but its PE at the lower band......
stock taking support of the major trendline (RED)
if it breaks 4615 level in WEEKLY TIMEFRAME with strong volume, then it can show a massive rally.
this is all for educational purpose, not a stock recommendation for trading.
invest at your own risk.
Bharti below 200 with a consolidating flagBharti breaks key support and ends below 200. Take an itm put as iv is multi month low. 760 put is just 3 bucks if extrinsic value
Keep a stop at 760 which is the 200. The put will lose 50 percent at the stop. Target of 710 which is the next logical support.
Bonus, bharti coming out of a multi day squeeze and flag, which is fairly unique
SENSEX Short - Doubletop
Called the last top in October 21, calling this double top in Dec 22.
Longterm bullish on this market but looks like more value to be had at lower prices.
25% target. 31% Stretch target
Best, Hard Forky
india vix taking a divesome good days finally back usdx is down vix is down stocks look good for now just the dip now
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WiproMost of the price action views for a stock are reliable and here on the chart of Wipro; formation of Triple Bottom Pattern clearly depicting a new signal and will provide a good opportunity after its reversal from price of 377. Whereas new orders will arise at 400 witha target of 60points and the booton of the pattern will be a stoploss for the trade.
Thank you.
Hope you like my view.
UPL UPL - Elliott Wave View.
The downward correction remains pending with the formation of triangle. Invalidation at the high of wave E.
SBI (STATE BANK OF INDIA)The idea is based on the Elliott Wave Theory. The rally in PSU Banks seems incomplete and SBI could reach higher levels before making a corrective move.
If the ending diagonal doesn't invalidate, a reversal is likely from the upper trendline.
BankNifty: Expiry day tradeBankNifty has certainly started recovering well, but given that we have just broken out of an important zone, trading BankNifty can get pretty tricky tomorrow. Here's a simple long setup that I think offers pretty good probability of success with good risk to reward ratio.
Rationale:
- Price has just broken through an important zone, but it hasn't been properly retested yet(which may never happen, but as a trader we should plan for that). So I'm expecting some retraction from the current level, before we start getting some good long opportunities.
- We have seen some good volume in last couple of sessions, and expect some profit booking if market opens with a gap-up. Though that seems less likely, as buyers seemed exhausted in the second half today, and I won't be surprised to see the market open with a gap-down(which is better for this setup).
- Indicators like RSI & Stochastic suggesting overbought range on 1H & smaller TFs, the market is not really trending yet according to ADX.
- If the market opens with a huge gap-up, then this trade is off. Otherwise, we wait for the mentioned price levels to hit and take positions accordingly, we must give market at least 3 hours for this trade to work, so don't take position if we there's not enough time(say after 12 PM).
Final Note:
- This just my personal opinion, not to be considered as a financial advice.
- Expect high volatility, so size your positions based on your risk appetite.
ADANI PORTS - Risky but worth it The idea is based on the Elliott Wave Theory. The price seems to be correcting after making a 5 wave impulse. This could mean further decline in the stock value while it enters the wave (3). Invalidation level remains at the top of wave 1. (i.e 595)
TATA MOTORSThe idea is based on the Elliott Wave Theory. The long term bullish cycle has started from March 2020, and after a 5 wave (impulsive) rise, the price is now correcting (WXY correction). The level of 300 is crucial as it is a strong resistance and also coincides with the 50% fib. retracement.
PFC (Power Finance Corporation) The stock is likely to keep growing in the next few months as it is breaking out of a large range of consolidation.
HINDUSTAN AERONAUTICS (HAL)The idea is based on the Elliott Wave Theory. The current price seems to be corrective in structure which suggests another wave Y could unfold driving prices to the previous levels or lower.
MARUTI (SUZUKI) - Elliott Wave ViewThe stock seems to have completed a 5 wave structure (expanded) and could start its correction phase ahead. The idea is based on the Elliott Wave Theory.
