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GMRINFRA - Breakout or Fakeout? - Watch out 43.35 & 46.10 levelGMRINFRA has been on a run for last 2 years, already up by 300%. It recently tried to break out the trend line, but it needs to be to close above the 43.35 levels for break out confirmation. It's also testing the key weekly and monthly levels in the charts, consolidated for a very long time forming a strong base. Keep an eye on the levels 46.10 levels, break out can be explosive. Any rejection from the levels 43.35 & 46.10 will make the stock further consolidate for some more time.
NSE:GMRAIRPORTLong
by gmaster29
4
Indian market: Kill zoneThere is a killzone in this. What this means is that it's an optimal zone to take a controlled loss. Errrh.. that's called a 'stop loss'. That means there are losses involved. Shorting markets is well known to be more dangerous than going long in markets. This is not advice to short. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
I
by Captain_Walker
India Bull Housing Finance - Ready for Break out ? India Bull Housing Finance has been consolidating for sideways for last 4-5 months. It tried to breakout multiple time above the strong resistance levels but got rejected and closed below the line. It's again flirting with the resistance line, but this time the volume is unusually higher and similar to previous ones when it had major breakout. If the daily candle closes above the 257 line, it's headed towards 277, 297, 312 target. If it gets rejected again, expect to consolidate again in the channel. Momentum shows its heads upwards.
ILong
by gmaster29
1
ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
NSE:ITCLong
by gmaster29
3 Indian IPOs To Watch In 2022India has, in the past, been called the “next China” for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech companies are currently experiencing a boom, with Paytm (NSE: PAYTM) and Zomato (NSE: ZOMATO) going public in 2021 and producing some of the country’s largest IPOs to date. While opportunities can be found outside India’s stock exchanges, I want to explore these regulated markets and upcoming IPOs in this article. India’s stock exchanges India is home to eight stock markets with its listed companies worth a combined US $3.46 trillion. To put this into perspective, UK listed companies are worth a total of US $3.59 trillion, less than US $100 billion more than the former British colony. By 2024, Indian listed companies are projected to surpass the value of UK companies’ value and hit approximately US $5.00 trillion. Hosting these companies are the countries well-known exchanges, including the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), and the Multi-Commodity Exchange (MCX) 3 Indian IPOs to watch in 2022 Snapdeal IPO Snapdeal is an Indian e-commerce platform catering to the country’s growing middle class, similar to the US’s Amazon.com (NASDAQ: AMZN) or China’s Alibaba (HKG: 9988). The Company is said to be ready to file preliminary documents signalling its intent to IPO next year at a valuation of approximately US $1.50 billion. Snapdeal is currently backed by Japan’s Softbank (TYO: 9984) and China’s Alibaba Group, which are expected to continue to hold significant stakes after the Company’s IPO. Data Patterns (India) IPO Data Patterns has developed a vast array of electronic systems for the defence and aerospace sectors for the past 35 years. The Company filed to IPO with regulators in September 2021, expecting to raise ₹700 crores, or US $100 million, to help it repay debt and aid expansion. The funds will assist Data Patterns to deliver on its order book, which has grown by 40.7% over the past four years. Data Patterns is seeking a valuation of US $340 million when it goes public. However, no official date has been scheduled for its IPO. MapMyIndia IPO The digital mapping company, headquartered in Delhi, MapMyIndia, develops mapping technology used by some of the world’s largest companies. The Company has received approval (as of the last week of November) from the country’s financial authority to go public. MapMyIndia is perhaps the highest-profile Company on this list, with business relationships with US tech giants Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Uber Technologies (NYSE: UBER), among others. MapMyIndia is seeking a valuation of US $825 million when it IPOs, which it could do before the end of the year. The Company has expressed that the funds will, in part, be used to lift its marketing, helping it compete with the likes of Google (NASDAQ: GOOGL) and Dutch-based TomTom (AMS: TOM2).
NSE:ZOMATO
by BlackBull_Markets
NIFTY50 Bounces at 0.618%The recent pullback in global stock markets on Omicron Variant fears and now the FED Taper fears has settled down and the Indian Stock market has been outperforming this year and has retraced to the 0.618 FIB and held nicely. Day to day the market is still very volatile but we are looking for relief rally as Omicron seems so far to be mild and some optimism of Vaccine still being effective at least partially. Whilst we remain above 17000 the resumption of the rally based on solid India growth forecasts sees us targeting 18000 in the Christmas rally.
ILong
by easyMarkets