BATA India: Bottom FishingBATA India is among the stocks which is yet to recover to pre-covid levels & still struggling near its low price this year.
ROunding bottom formation observed and it has started rising with volume gradually.
A volume buildup is clearly visible.
Price is trading above 20 DMA and RSI is increasing as well..
All indications are positive. Company has good fundamentals as well.
Top of the rounding bottom is on 1320 levels,
Enter above 1320 .
Target: 1450
SL: 1255
Coronavirus (COVID-19)
AUROBINDO PHARMA LONGThe stock has recovered sharply and has found support at the pre-virus high point. It has also been in consolidation for the past few days, and may continue on it's upward trend this week. Keep an eye on the stock. The support level is at 610-615 zone. Expecting a breakout above 650 this week.
Pharma sector has been a strong performer in this crash and will continue to do so with the extension of the lockdown in India.
Any comments or suggestions about ideas are more than welcome. :)
GLENMARK PHARMAWith the strong recovery of the pharma sector, Glenmark is at the pre-virus levels and has been attempting to breakout of the range. The sector has been in consolidation for several days and it may attempt a breakout to slightly higher levels. The pharma sector may not face sell offs in the midst of the pandemic, in my opinion.
Sell Nifty Futures as its gonna fallNifty fell from a range of 12400 to 7500 almost. It regained upto 9950 (0.5) level in fibonacci retracement, and fall nearly around 8800 and again it regained to 10300 and if it goes above that it may likely to fall from 10450 to 10600 range and nifty will be having a huge fall . So, traders and investors dont take risk now . We may have time to get things right. This is not the low. The low is yet to come.
gold price analysisSince March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse wave "), in theory, the movement of the corrective point" B "should reach the level of the elliot impulse wave" 3 "(support) and therefore the expected input will be between the fibonacci area 0.5 (marked from the beginning of the corrective wave to point "A") and the support point formed by elliot "3". * RSI should continue to show convergences With the price, the volume of contracts traded must be higher than the "3-4-5-A" point, * There MUST be price zone rejections directed against the uptrend (with two rejection candles within range of the zone ) if these criteria are met, we will say that having a safe contribution with profit taking will be a fibonacci level of
China Coronavirus 82,880 Cases China has reportedly claimed it has had no new coronavirus deaths and only three imported infectious cases as of last week. Authorities have shut down gyms and swimming pools in Beijing amid fears the country is vulnerable to the second wave of coronavirus. In the city of Harbin, more than 70 people have been infected and over 4,000 are being tested after the virus was believed to be "imported" by a student who had returned from New York, according to state media reports.
Coronavirus: Trump warns US death toll could hit 100,000US President Donald Trump has warned that as many as 100,000 people could die of coronavirus in the US.
Speaking at a two-hour virtual "town hall", Mr Trump also denied that his administration had acted too slowly.
More than 67,000 people have already died with Covid-19 in the US.
But Mr Trump expressed optimism about the development of a vaccine, suggesting one could be ready by the end of this year - although experts believe it will take 12 to 18 months.
"I think we're going to have a vaccine by the end of the year," he told Fox News. "The doctors would say, well you shouldn't say that. I'll say what I think... I think we'll a vaccine sooner rather than later."
Among the experts to disagree with this optimistic estimate are Dr Anthony Fauci, America's top infectious disease expert, and England's Chief Medical Officer, Chris Whitty.
Corona's flattening curveHey guys welcome for a fresh update.
Ok so this one is the most important chart right now which only few people are looking at, and i think this is the most precise chart to know the current Corona situation.
As most of the people giving importance to only total cases chart, here i subtract recovered cases from total so that we can get the best view for this.
First of all you see that this curve is now going flat slowly which indicates that people are recovering more quickly and new cases are reducing, which is definitely a very good news.
Another thing to notice is the parabolic range you see.
Between 25th jan to 5th feb we see the beginning where in just 15 days upto 30000 cases recorded, and than the curve begin to drop , still here whole world is not taking it seriously.
Than in the beginning of March between 5th to 30th we see real face of this Pandemic where more than 500000 patients were tracked in 25 days, and now you see that the curve has begin to go flat which is good sign, but only till we stay cautious.
That's all for now, hope you guys stay safe at your home, god bless you all.
This is Husain Zabir
Signing out... Thank you
NIFTY50 Movement for 13th April 2020Overall Bullish Movement expected,
2 month bearish Channel Break is visible with 9-day exponential moving average cut from below.
RSI and stochastic suggest a bullish movement.
Resistance at 10000 (if bear market, retracement till 8750, 8550 levels)
Due to Hydrocholorquine drug demand by other countries can expect positive movement for pharma stocks.
Purchase of 1% stake at HDFC by China also suggests positive movement for the banks.
That's all from me!
Cheers,
TheBullishPirate.
Nifty -Wonder Waves Part 2-Can Patterns Repeat from Bottoms 8055Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pardon me for saying figures of 80000+
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Trading Strategy
Note-
Recent Pattern shown in current video idea is not "Head & Shoulder" Pattern as H&S Pattern - Symmetry is very important. We used that geometrical pattern to discuss the upcoming bottoms & demand zone for the Index.
Target 1 - Strictly moving above 8100 - 8250
Target 2 - 8350
Target 3 - 8650-8700
Target 4 - Above 8700 - look for 9000+ (Not valid if crosses above 8700 & falls back below 8700)
Have a wonderful week ahead. May God bless all of us.
12 DAYS AND 226% RISE AS POWERFUL AS WAVE 3
Time to get united
Time to contribute
Time to do something for the mankind
TO SAVE HUMAN SPECIES ON THE PLANET EARTH
ALL THIS CAN BE DONE BY JUST DOING !!! WHAT?
"SOCIAL DISTANCING"
CONTRIBUTE YOUR PART BY STAYING AT HOME
"STAY @ HOME" "STAY SAFE"