I reviewed the this chart first in Sept 2020. At that time, I was looking at top to form in USD/INR. Since then, the price made wild moves but still on the looks of it, it's not clear if the top is in place. However, the most important trigger that made me think and do a detailed analysis on this is the break of this trend line. You will notice the trend line from...
Even if the correction is over, wait for your turn.. Don't rush. Long Term moves will shake before it let you take it. Patience / Perseverance / Pays
For last 12 years, it has suffered a lot. I see that the worst is behind us.
Interesting play on HDFC Life
From every view it seems the worst is priced in. It is a different matter whether that is yet come or not. We focus on price actions to make long term investment decisions. Things to note: 1. Dividend Yield as on date : 5.8% 2. Can the company fail? -- Not possible as its a Singapore Blue Chip. Anyone who knows Singapore Market/ economy will not even think about...
Simple structure - Buy is the only way to make money. "Buy on Dips" + "Buy and Forget" Final Target Rs.40,000+ . There are possibilities that it may correct on the way, but buying dips starting now is the best way move forward. This is a multi year long term view
Either the lows were made or will be made soon.. Real indicators yet but at times, move it on your hunch
"Market Structure" Investors won't get stuck from medium to long term perspective even if they enter RIL from here. There could be a small correction in short to very short term but that should be seen as an opportunity to enter in.
INR may have made a long term TOP or about to do so. Will wait for a confirmation by price action in next few weeks. A small degree confirmation(daily) will be good to make a trade. Looking for mid and long term targets to hit over the next few months to years. I am certain this will also be reflected in Equities overly long term and should be positive...
It may be possible that top is or getting in place for Gold in MCX. Will continue to monitor over the next few weeks.
quick analysis of DXY - Looks like bears will take a grip. Fed stimulus will provide the trigger.
Fundamentals will change if this is it. Expecting fear to subside starting next week and strongly after March 29th. However technically, if the correction was ABC, then this could be it.. least risky way could buying options/call
initial analysis based on what I am learning after reading few authors and books. will write my understanding soon- Looking for champions to review and comment if this is correct?
Looks like it will fall to 117/118 provided 127 doesn't acts a strong support - H&S on weekly - Big gap to be filled This is a theoritical exercise.. Don't plan to short, but will certainly buy if falls at those levels.
RSI divergence visible prices are low, very low on multi year view ideally should look for price action Fundamentals - This is a big question as nothing seems to be on the cards :) . Negative news is more than positive .. so let's see what happens? Linking my old private analysis as well for reference purposes.
Weekly Inside Bar - Preparing for breakout. Inside bar at the top - stating trend reversal ? Trend line break still intact.