COVID 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...
According 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...
It 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 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...
Gold 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...
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...
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 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...
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...
Overall 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...
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.
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...
