Bullish on United SpiritsThe downside might be limited in this stock. A break of the upper line could result in the continuation of the up move.
Indian
Bullish on JSW EnergyThis has broken through a long term weekly trendline. It's now correcting to the downside. It should resume it's upmove once above the upper trendline. The fib retracements and the trendline would be imp. support levels.
Long term bullish on Bharat ForgeBharat Forge seems to have traced an extended zigzag and is right at the bottom. It's likely that an upmove starts soon (without making a new low). This up move should take it to newer highs.
Bharat Forge possible Elliott countThis is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)
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.
RUPEE LOOKS STRONGER TO YEN IN SHORT RUN INR GETTING STRONGER FOR WHILE AND IT LOOKS LIKE YEN CAN 0.52619 BEFORE GOING UP. CYPHER PATTERN COMPLETION IS A GOOD TIME TO BUY YEN. BUT CURRENTLY SHORT IT FOR A WEEK.
RISK REWARD: 1:1
Will USDINR breakout and depreciate INR further?China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD .
China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move.
This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend.
Can "INR" sustain the pressure or it will prevail further devaluation?
Go long FX_IDC:USDINR
Trade Trigger 67.2
Target 68.6
SLTP 66.7
LIC Housing Finance (Indian stock: NSE)Risky to buy LIC Housing Finance at this time. Fibonacci clusters of resistance are appearing at the tip of the price travel. We need to watch the levels of 506/508 carefully before buying this stock. If it fails at any of these levels, we can expect a C wave to 380 levels.
