HCL Technologies - 20-25% Return in coming 8-10 monthsHCL Technologies has given a nice breakout today over a long term price point. This signals a good up-run in the coming months.A short term will occur in June and then some sort of low - a buying opportunity - in July. And then can sit tight for a ride up to 1200-1300 in Jan 2019.
Indianmarket
Tata Steel - Rs 450 - October 2018 TargetIf you hold Tata Steel in your portfolio, it's prudent to exit at the current level and book profits. We are expecting the stock to head lower until October of this year. And then we can buy the stock at a discounted price of around Rs 450.That is the whopping 40% off of the current price. Call it the Great Diwali Sale for Indian stocks.
Tata Motors - Bright / Not Bright - Short term shortingTata Motors - the stock is treading lower with every passing week and will continue to do so until November of this year. What has to be seen is the price level.We are expecting around 280, however, the carnage could take it lower, depends on how hard the FII are involved in the selling. But we believe the low of Feb 2016 @ 266.00 should not be broken. Because if it does then the future of Tata Motors is bleak for coming 6-7 years. And in my personal opinion Tata Group is the best Indian company with least to no manipulation of its stock prices.
Buy Reliance post 960,target 1050
Reliance has been trending well in a horizontal range since a long time and the recent correction due to the macro economic monetary policies resulted in a breakout being exhausted and a failed breakout , with NIFTY making a tripple top on hourly charts and other variables looking bullish, A chance to buy reliance again for the breakout of 960 resistance line (Target is measured by the distance between the resistance and horizontal line which forms a rectangular box )
A Tripple top will result in a strong breakout post 960.Lookout,its going to be extremely fast and violent
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Nifty Prospect for 2018.strong signs of reversal after little upHi guys, my counting method of waves shows very high possibility of reversal in nifty around level 11400, down move will be more corrective but of higher degree can go upto 7000-5000. in upcoming month it can drag himself upto 11440 after that reversal can happen.
eat this btc price predictors with nasdaq chartslol so i noticed some people who analyse charts are pushing their opinion that btc will drop like nasdaq in 1999 lol and will stay at that drop for a very long term. I'm tired of saying to them that nasdaq chart and btc chart have nothing to do with this and that since 1999 many things have changed, but they still start crying and trying to prove that btc is dead. lol this is my pattern as i also searched some "financial bubble chart" on google i found this, this is some kind of "stages-indian-stock-market-bubble-rhishikesh-agashe" shit and stuff.
(I Draw those lines just for understanding where we are going to be compered to that chart)
Yes i know my chart looks like done with paint but i don't give a f. cos i just want to show an example to those nasdaq fans, that some "bubble charts" also can be very bullish and that they would stop pushing their "BTC is dead" opinion
We should be somewhere were "bear trap" is. Below is that chart which i found
media.licdn.com
BTC tips address: 1KYDPJ4XEribrakTSTnTrEX4C3syhcFxpo
Its just my opinion, don't take it too serious.
This is not financial advice nor a fact that this pattern is going to happen.
Nifty back to the ending diagonal, way to 10,400-10,500 After a month of intense run breaking all the fib went to the reversal zone falling after testing 1.61% extension of 2016-2017 move, per my count it looks like the Wave 4 correction it is perfectly normal to fall about the range of 10,300-10500 but selling below 10,200 might consider changing the count. I still believe ther's one more move towards the dead zone before we get a real correction. Wait for C wave to unfold with some Puts
Reliance Industries: Expecting Drop.Hi Guys, This chart showing high possibility of drop in reliance indus, whole structure looks big corrective structure. I don't know what will trigger this drop but this is on the cards. after that drop reliance is all the way to upside, giving very good place to invest in this stock for long term option.
Be cautious to go long Nifty tomorrow It seems we are yet to complete Wave 4, per my previous analysis nIfty would have been moved higher to complete Wave 3 of 5, but today's drop just after approaching 78% retracement suggest that we just completed the correction B, and drop was the completion of C. As C will complete smaller 5 waves, before closing small pull back looks like completion of wave 4 of C. If not, we might get deeper pullback tomorrow to the upside but be cautious i don't see the wave 5 of C. I will be more cautious as daily candle has closed below 9 EMA and ther's a cluster of support zone around 10410. Be cautious to take any long calls before we see the wave 5 completion of C.
Nifty elliott wave analysis, one more impulse after correction.Hi Guys, This is analysis cum educational ideas, nifty has one more up rally inside its 5th wave of bigger 5th wave of impulse. current downside movement will be correction, after that rally nifty will go into deeper correction, some may call it as crash but it will be just bigger monthly corrective phase as third wave completes.
SBIN, PSU banks in generalSo, the time has caught up with irrational exuberance on banking sector in India.
The ridiculous rally banknifty saw over last few months lacked any fundamental push as such.
Now it all seems to be unwinding. And this is going to be good!
In this chart we see State bank of India has broken the steep weekly channel quite significantly.
260 at least would be a great target till next expiry. Will keep a watch on this!
BSE: CANBK: Correction is due and expected to complete at 276Talking Points:
Technical Strategy: Hold and Buy lower
Elliottwave Count: Correction
HTG Note:
Current price action on Canara Bank (BSE: CANBK) is trading bullish move. However, script was in correction after break on monthly trend line. All PSU bank showing correction in bullish move. We are expecting correction will be on flat correction and should be completed on 276-275 zone.
Action
We are on sideline after booked our loss with 1 rupee on 290 level. Team is looking for lower level, possibly 276 to re-initiate our longs with limited risk.
-- By @hoagtrading (Hoagtrading.com)
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GAIL is breaking correction and can target above 500Talking Point:
Technical Strategy: Confirming it's bullish outlook
Elliottwave View: Reversal confirmed and counting impulsive waves
Analysis
We were tracking GAIL from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However in shorter time frame, we are waiting to see triangle breakout which can atleast target above 460.
Action
We are long on this script from 425 with stoploss @ 410. Target will be 460-500.
-- By Hoagtrading.com (Twitter: @hoagtrading)
Nifty 50 Weekly correctionHi Everyone, Looking at chart nifty is in corrective structure that structure looks like developing into previous one, watch for it to complete abc correction, so for short term you can look for sells in it but in long picture it will break the structure to upside for next impulse. Good luck! www.tradingview.com will post updates in short term frame.