There is currently a lot of pessimism in the Chinese Market. This ETF offered by Nippon India mirrors the Hang Seng Index which is currently available at a PE of 8.
CMP - 239 , Target - 340, Time 2 years, SL - 220
4th wave may start from in between 0.38 to 0.23 of feb retracement level. this level also acting good support and demand zone.
consider every dip
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
QQQ rose steeply due to great earnings response from Apple and jobs data today. We are currently at the 61.8% (435.52) of the earlier down move.
Huge gap (427 - - - 434.50) left out due to the premarket open moves.
Great trade with a good R/R
Entry at 435.52 | SL 436.75 | TP 431.23
Careful around the 433 point as we may take support days low (since opening)
PS...
Green ellipses = range where crest should form.
Red ellipses = range where trough should form.
Based on Mercury Retrograde Trade Strategy as part of EsoMeta Analysis.
Bullish pennant flag pattern has formed at weekly chart
Waiting for breakout
May consider the stock at 19 rs
It's my own opinion
Trade with your own mind
I'm not SEBI adviser
🔴 Resistance - 503 🔴
🚀 Target - 506 - 509 🚀
🟢 Support - 502 🟢
🚀 Target - 599 - 498 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR ASSUMPTION &...
It could dip to below levels 59.56 --- 58.38 within last week of MAY
Support on 58.38 above in weekly could pump 🚀 to 67 (August 2024)
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nippon India ETF Nifty IT
Tracking Error: 0.04%
Expense Ratio: 0.22%
Apart from Banking and Finance in NSE/BSE, IT index playing a major role for a decade. Its really worthy to allocate atleast 10% of our portfolio comprised of Sector indices whenever one reaches / close to major support levels. Instead of buying IT stocks (costliest), slowly convert into IT...
Mirae Asset Hang Seng TECH ETF
HIGH RISK may bring high reward quite late, but reward is a reward.
At several instances, a highly populated country in Asian region (China/India) must be dumped due to several reasons. Because, if both countries to be utilized at the same time, profits will differ for Western countries, EU and Russia. If you notice periodically, if...
Opting to enter during price consolidation, I initiated a position constituting roughly 2.5% of my net capital.
My target is the all-time high, aiming for a profit of about 12% on the invested capital.
Given that this is an index ETF, I'm willing to exceed the maximum limit of 2.5% in a single scrip. Therefore, I'll consider adding to the position as the price...
Opting to close my position and secure profits now that the price has hit a significant inflection point. Booked a profit of about 11.14% on the invested capital. I'll be on the lookout for a re-entry opportunity in case the price retraces back to the lower end of the parallel channel.
📢📢📢 If my perspective changes or if I gather additional fundamental data that...
