BLS INTERNATIONAL Buy CallTOP-3 player globally in visa and allied services. Should do well as vaccination numbers increase and after gradual lifting of Corona restrictions.
Covid-2019
CORONA or Stocks: 2nd Wave Always hits hardCOVID has impacted our lives in so many ways and Stock markets were no exception which saw drastic falls and steep recoveries as well.
SO I have tried to make a correlation between both.
Major scrips saw a minor downtrend which lasts for few weeks with minor corrections. Similarly COVID 1st wave caused saw minor casualities for few weeks.
The scrip entered into the resting phase with no major movement like COVID.
Then came the big fall where prices corrected upto 50-60% , this 2nd falling wave was stronger than ever and had major casualties like COVID 2nd wave.
Wave 1 of recovery started and prices goes back to pre-COVID levels.
2nd Wave in uptrend was even more stronger to fuel the prices in a drastic manner. Major scrips gained more than 70-80% price rise.
Chart is self-explanatory.
Bank nifty may be bearish on 27th AprilAccording to pattern made by bank nifty on day candle, it is sure that bear are still in Market, it shows market to be GAP down, but no ignorance of TRAP, it may be GAP up and after some positive signal market move to BEAR, like triple TOP or Head and Shoulder pattern.
But for tomorrow my analysis is Short. it is three type of signal may occurs, like GAP up and TRAP the seller then SELL or GAP down and Trap the Buyer and then BUY or simply continue the pattern.
Fundamentally due to COVID19 India is in worst condition and many fold death are still happening, isn't it FEAR? and in next 10-20 Days Market will BREAK DOWN on Weekly chart pattern.
Banknifty may be bearish on 16th AprilIt is enough of bullish trend when market has no more buyers at this level, more negative news is in this weekend. LOCK down and Covid19 rising cases all over the India.
SNOWMAN BREAKOUTSNOWMAN BUY around 64-70 zone . Targets: 85/95/105++++
SL: Below 50
Points:-
1. SNOWMAN fundamentals are very strong as it preserves vaccines and is the largest importer of the vaccine .
2. Sentiments are also with the SNOWMAN.
3. Like the prices are going up after 2 years of consolidation .
4. It will break the 70 level and continue the really up to 96 around.
5. It also makes Pole and Flag Pattern with High Volumes .
EURJPY Double bottom !! Could retrace to 125 !Suggestion: BUY EURJPY AT CMP 123.25 SL BELOW 122.30 TGT 124/125
ELSE
SELL BELOW 122.20 TGT 121/120.90 SL ABV 123.30
Inc in weekly jobless claims supported Gold, eye on retail salesGold prices continued to move sideways on the back of multiple events and updates floating in the market, although if the metal could not keep up pace it will be on the track for its first weekly decline in three weeks for the metal. On the bright side for the metal yesterday, President Trump announced that he is willing to raise his offer of $1.8tln for a Covid relief bill, although this idea was shot down by his fellow Republican itself, putting cold water on this little ray of hope. Europe and few states in U.S. are battling surges in COVID-19 cases, with new infections and hospitalizations rising to record levels, increasing worries and keeping the floor strong for gold. Increase in the weekly jobless claims to it's two
week high in the yesterday's session also supported gold on the lower levels. Market participants will keep an eye on the Retail sales and Industrial
production data from the US; in case of any decline could further support the metal.
With the trend on gold higher since 2016, and the weekly timeframe demonstrating active support at $1,882, buyers still likely have a strong hand in this fight. Traders may interpret chart structure as a cue to begin pursuing bullish themes off the current H4 trend line support, while conservative buyers might prefer to wait and see if the unit conquers H4 resistance at $1,916 before taking action.
Suggestion: BUY GOLD FROM 1906-07 SL BELOW 1894 TGT 1915/1920
ELSE SELL BELOW 1894 TGT 1885/1880 SL ABV 1905
PRPH COVID play or speculation????HHHMMMMMmmmm Speculation:
"engagement in business transactions involving considerable risk but offering the chance of large gains, especially trading in commodities, stocks, etc., in the hope of profit from changes in the market price" as noted by dictionary.com
This has been in a consolidation zone since June 2018, I so added a 200 day MA in which it is currently trended bullish as of Aug 24 and more volume than ever... On Sept 30, ProPhase Labs "announced its intention to explore the acquisition of one or more CLIA (Clinical Laboratory Improvement Amendment) accredited labs suitable
for COVID-19 and other testing". The MASSIVE spike in volume on Aug 10 comes on earnings day and imo, earnings day is almost like doomsday in this COVID era, but this one... bullish, so bullish it killed the Matador. However, the RSI is hitting oversold area and could pull back to 4.44. It did however, break previous resistance and 52 week high on Friday. I think ideal entry is between 4.44 to 4.98 and exit between 5.12 and 6.69 (I know its a wide range but 6.69 is previous high resistance). For now I am just going to be a spectator, I need more legit confirmation and news to jump in bed with this dude... I don't sleep with just anybody...
yours truly,
Velvet Barbie
DON'T MISS THE OPPORTUNITY IN GOLD
TARGET = 50,700
Clear Trendline and soon it will break
Gold Price Will be more DOWN once Covid-19 vaccines comes out fully .
Have a selling mindset in gold even after vaccines comes to INDIA .
Ajanta Pharma: About to cross Heavy supply zoneAjanta Pharma is near a strong resistance level.
There is a heavy supply zone in 1600-1650 levels and scrip has tested these levels multiple times in past occurrences.
Only on one occurrence, it crossed the zone with volume and attained above 2000 levels
Now It has entered into the same zone again & This time supported by heavy volumes as well.
The stock has seen good upmove recently due to Pharma indices moving higher in the wake of COVID-19.
If scrip crosses & sustains above 1660 levels, there is a good chance it will go up to 1800-1850 in short term.
If unable to sustain and falls below 1580, Ignore the long setup.
Entry: above 1660
Target : 1850
Cadila : Cup and Handle formation (Long Signal)Cadila started Human trails of COVID-19 Vaccine.
The daily chart shows classic Cup and Handle formation. Recent Close is above the Handle line.
Hence backed by the news and supported by technical indicators, upmove expected.
Price levels are congested in a narrow zone, hence various support-resistance lines can be observed.
Entry Price: CMP
Target 1: 404
Target 2: 415
Target 3: 425-427
SL: 360
Remain in trend if Price levels sustains above T1.
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.
Covid-19 :: When will corona end?There will be a decline in the death rate in the vaccine case, then due to complications, after the increase in the mortality rate by a few percent, the mortality rate will fall completely. And it will end this way.
It will takes 30 to 45 days. After this, there will be signs of going up in the stock market.
Cheers!
Vikas Gupta.
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"
