KPIT/ GOOD LONG/ ENTRY ABOVE 233/ STOP LOSS 222/ TARGET-245-275KPIT LOOKS GOOD LONG ONLY ABOVE 233 WITH A STOP LOSS 222 FOR TARGET-245-260-275
FOR EDUCATIONAL AND STUDY PURPOSE ONLY.
Beyondtechnicalanalysis
Nifty- Network/Waves/Intuition-Part 1Wish You Happy New Year 2019
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Beyond Technical Analysis – Bulls Eye
Intuition- Sixth Sense
Signs of such power can be seen through one’s own hand-
LINES OF INTUITION / RING OF SOLOMON/MYSTIC CROSSES — the mark of a true psychic. The 'Line of Intuition' is a marking found on the palm which shows a deep intuition, ability to channel and connect with Spirit & Heavenly bodies...
Highs & Lows = Traders Moksha ---------- Who needs moksha anymore if you can connect with spirit, celestial bodies, divine power- That is intuition
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Trading Strategy
Plan A -
Already Buy Position Initiated between 10625 -10650 for 1st Target upside - 10950 - 2nd Target - Above 11000 as 11200-11225
Plan B -
If holds above 11200 then look for 11325 - 11350 target zone
Plan C -
Going above 11200-11225 & falling back below & holding below 11200 then look for 1st Downside Target - 10650-10700 - 2nd Downside Target - 10550 - 3rd Downside Target -10350 and 4th Downside Target - Below 10300 only as 10000
Plan D -
Breaking Below 9950-10000 zone only, we look for much lower targets in the future.
Buy Trident Ltd. - Long Term DeliveryBuy Trident Ltd. at current market price with stop loss placed below 47 and target of rs. 80 to 90 within a time frame of 1 year.
Charts of trident are looking positive and broken above the downtrend channel which is bullish reversal sign with price volume action. Recently one white shoulder pattern creation has confirmed the bullish reversal.
If anyone interested in more such fundamental and technical calls please visit our website wp.me
2018 Sept 17 Trade Plan for IDFC, next target is 60.20
IDFC: On the basis of volume as well as Marked Delivery, it is preferred choice. As per my data analysis there is a financial institute action or High Net Worth buying or Operator move emerged in the counter, resulted more than 70% marked delivery. This is the highest marked delivery value in the calendar year, (i had excluded 28th March. It was the day before year’s final future session, it seems it was ritualized JV between Funds.)
Considering volatility of 14th Sept. session (+40), it seems that it was one of the the rare combinations of volatility as well as marked delivery.
Chart it is suggesting next top level of 60.20. Of course, it is in my intraday gainer list for target of 51.30 Swing target is 55.30
In short, after a long time, IDFC is in Intraday, Swing and Investment list.
Trade Plan : I am going to buy in the first few candles, of course below 51.35, The assumption is, in the Morning Euphoria, to take the first move advantage, the counter shall move higher to form Higher High. I Shall book 50% at that rate, as intraday trader. Since i have long term view, my planned SL is 48.10, But i shall hardly triggered Stop Loss at that rate, as share had formed few technical patterns from June 18 to Sept 18. like rounding bottom, formation of cup and handle, recently it had crossed 10 DMA as well it is above 50 DMA. 200 DMA is few points away.
Smile.
Buy Jet Airways at CMP 290 with a stop of 254 and Target of 370NSE:JETAIRWAYS has been in downtrend every Jan 2018 and from the highs of 870 the price has crashed to around 260 levels. Recent news of delaying the result had an impact on the price and investors initially weren't that keen on buying the stock.
Looking at the recent trend and especially looking volume structure there is clear signs of the stock being accumulated, I've used Price Voulme Trend (PVT) which is given a clear indication of price action and accumulation in the stock.
The stock has closed above the downtrend line and now the stock it's trying to retest this trend line. I feel the trend has reversed and we can look bor -2.73% buying opportunity NSE:JETAIRWAYS
Close above 303 will also confirm a double bottom reversal, which will also confirm a minimum 50 points jump from 303. So considering all these pointers go Long.
"Know what you own, and know why you own it." - Peter Lynch
Don't Be A Fool!!OUR CURRENT POSITION
GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385
SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300
( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver reaches a very important support level, while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
At the moment of writing this article/idea our full net short position in gold -0.14% , silver -0.06% and mining stocks is well justified from the measurement of risk and reward
The precious metals market reversed and declined just as we’d been expecting it to and this year’s profits from the short positions have further increased. It seems that the best is yet to come, though.
Today’s alert is going to be rather short as basically everything that we have written so far this week remains up-to-date and the most recent price performance of gold, silver and mining stocks confirms it. They all declined yesterday and are moving lower in today’s pre-market trading as well.
Gold declined substantially and erased the previous several days in just one day. At the same time, gold closed below its 50-day moving average and the early-March high. Both are bearish developments and the sell signal from the Stochastic indicator serves as a confirmation.
The price of silver declined as well and yesterday’s closing price was the second lowest that we saw this month. The analogy to silver’s price performance in late November 2017 remains intact and so do our comments on it:
The particularly noteworthy thing on the white metal’s chart is the way in which we can view the self-similar pattern between now and back in November 2017. After the early-March volatile daily upswing, we thought that it was a direct analogy to the mid-November upswing that had been the final rally before the decline. And this might have been the case but based on the fundamental news (Powell-related-uncertainty and trade conflict) gold rallied and thus silver more or less had to rally as well. Consequently, the pattern changed, but not completely. The pattern still seems to be intact, but in a slightly different way.
You see, there were actually three smaller tops in October and November 2017 before silver started to slide – if we count the early-November high as well. The early-March high was the second top and we’re seeing the third – and most likely final – top right now. In fact, it seems that we already saw it this week. Silver moved above the 50-day moving average and once again invalidated this move almost instantly. It’s moving lower also during today’s pre-market trading.
In yesterday’s alert, we wrote that silver was not the only market that featured a self-similar pattern. There was also one in gold stocks. We wrote the following:
In the case of the HUI Index, the thing that we see is a similarity between the current consolidation and the consolidation that we saw in November 2017, which confirms the analogy in the silver market.
Back in late October 2017, gold miners broke below the rising support line that’s based on the late 2016 bottom and one of the 2017 bottoms. In February 2018, gold miners broke below the rising support line that’s based on the late 2016 bottom and another 2017 bottom.
(…) in both cases after the initial rally and move back above the rising support line, the HUI declined once again and formed a new short-term low. Then we saw another rally, more or less to the previous high, and a subsequent decline. That’s the action that we saw most recently and that’s exactly what preceded the bigger decline in early December 2017. Naturally, the implications of this self-similar pattern are bearish.
let's cover all we are adding position size to our existing net short portfolio and at the time of writing this ariticle/idea our full short position in gold and silver is well justified from the measurement of risk and reward,
The usd index end up moving higher yesterday and the price of gold fell a little bit,this should be seen as sign of strength but mining stocks are confirming our view even more,initially mining stocks declined but quickly take a upswing and erased the entire daily downswing,question which is arriving are miners going to form one more short term bullish wave?
at this point it's rather unclear,for the very short term we don't have any valid confirmations of either bullish or bearish in mining stock,ok let's dive into gold chart and try to form a unbiased perspective so we could clearly see what's going on without being attached to our current net short position
we already have wrote our thoughts on yellow metal and we don't want to repeat it every time,you can read it in our previous post but it's still up to date but the thing which we like to add today is the comparision of present scenario to 1st dec,2017,That particular session made a upswing in gold prices before it plunges back and breakdown below the 50-day moving average,you could see a small upswing in yellow metal before it collapse as it already broke below 50 day moving average
yesterday after the U.S. jobs report as we expected silver took off,moved much higher than it's intraday low,you could still see rally in white metal up to 16.700 or so and it can decline from there,what does it mean for gold,our mentioned silver prices correspond to the gold prices of about 1338,we have given short term buy target for gold to 1335 and it reached but silver didn't,so once again it outperforms gold which is a strong sell sign,if we look at yesterday general stock market we could see that it moved higher and this could be a reason why silver took off but the point to note that mining stocks was almost flat,lagging mining stocks confirmed our bias even more
The present situation is bearish anyway based on long term and short term basis,even if white metal and yellow metals moves higher which we are expecting to some it will not make any difference to our bias or portfolio,underperformence of mining stocks and strength in white metals making our bias even more valid
We think that adding position size to our exisiting portfolio is now well justified and we could stll see some rally in both metals before the big decline continues
we will keep you informed