Upmove
NIFTY: Another Upmove Starts!Nifty
Nifty is overall Bullish in Weekly timeframe. Some corrections may come, but now it is standing on below support trendline.
Wait for some bullish pattern when it retests the Support Trendline and then you can go for an upmove.
Bullish pattern
1. Bullish engulfing
2. Hammer
GSPL: The Next Rocket StockGSPL
The Fundamentals of GSPL are good.
A profitable company.
Piotroski score of 7 on 9
Stock P/E: 14
FIIs and DIIs present in this stock.
This is a ratio chart of GSPL and Nifty 500
On ratio chart, we can see a breakout out. Which means GSPL can outperform Nifty 500 in coming weeks.
AFFLE upmoveClear downtrend ended at the runaway gap, that too a monday gap which plays the important role as you can see here and can also lookout in many of other stocks. recent down move ended at 0.618 fib level. A definitive upmove above swing high. Can enter in few quantities once above the orange horizontal line, and rest of the quantities above blue horizontal line.
BULLISH MOMENTUM BEING EXPECTED IN TATACOFFEEAs per the 1H Chart of TATACOFFEE, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 213, the stock is being expected to initially face a resistance at the levels of 215.50, 219.85, and at around 223.15. In addition to this, the stock may face a support at the level of 207.80, on a closing basis.
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Bullish Squeeze for TTETTE has retraced to one of its Fibonacci supports and have bounced off of it pretty significantly. Not only is it holding support, but there is greater indication of a greater bullish move. The %R indicates that a oversold condition was not too long ago with the addition of selling momentum reducing greatly, given by the Squeeze indicator. My price targets are 47, 50 then 57 if it gains a substantial amount of bullish momentum. For a significant sell signal, let the squeeze play out until there is a reduction in momentum.
Bullish Signals
-%R oscillator
-Squeeze indicator
-Fibonacci Support
Price Targets
-1st 47
-2nd 50
-3rd 57
Falling Wedge VIX: BULL BREAKOUT AHEADWedges are reversal patterns. A clear downward-sloping channel is interrupting a slight uptrend, so, on a breakout, we will take a bullish position. Conditional on high volume, our price target is half the height of the wedge, With a height of 7.70, the height of the breakout will be 3.85 above the upper trend line at the point of penetration. We are watching to see an upper breakout, and if there is, we will long the volatility of the S&P 500, represented by the VIX index.
Fundamentally, we do expect the VIX to increase, rising above its current year-to-date lows. Trade issues are still present, and are likely to revisit the mainstream conversation as time passes.