The company's earnings are doubled in this quarter!
Bullish Elliot correction wave C approaching
Bullish XABCD pattern going to complete
the stock reached support level.
MACD indicator is below zero and crossed above the signal line which showing strong uptrend is gonna come.
these all confirmations showing the sure and strong buy in godawari power!
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Bank Nifty Technical Analysis:
Bank Nifty broke the lower trend line of an almost 20-day long rising wedge pattern.
The bears were clearly in control of the market, bringing the index down by 1.38%.
22000, which is the 50% Fibonacci Retracement level, acted as a strong support.
Bank Nifty Driving Factors:
Yes Bank FPO failed to excite market...
ITC in a breakout positon
Earning is on 25th may
1. 7%+ rally before earning season
2. divergence on money flow
3. resistance on 190-193 level (Technical analysis)
4. Resisitance as per option chain data is at 200.
Option chain data
Resistance strike 200 call - 33.5 lakh OI
Support at strike 180 put - 14.8 lakh oI
Bear looks more powerfull here.
Currently stock is trading @163.9, now its looking good for long for target of 10 points @ 174 and with a little stop loss @160.
Profit- 10 points
stop loss- 4 points.
GOOD FOR LONG.
(ALL RESEARCH IS MY OWN.)
As of writing this, NFLX is down 14% at 343 dollars a share on disappointing revenue and subscriber growth, and weak subscriber growth estimates into Q3.
This decline in price puts our 400 dollar put position 57 dollars in the money which will more than offset the loss on the call position.
Further more the options bought expired 7/20 since we planned on selling...