Buy JET AIRWAYS (Longterm Bet) Stock is at major support level of 275. Volume buildup suggests good accumulation at lower levels. Business should remain intact. All prospects are positive. Buy this for longterm and if lucky these levels may never be seen again.
Indianmarket
Buy LIC HOUSINGPotential IHNS pattern forming after major breakout in March
Reversal spinning top formed at golden ratio with volume
Buy Union BankVery strong technical indications of good upmove to 105-110 with 95-97 being first targets
Buy Repco HomeKeep accumulating till 520
First target 625
Above 625 TP=700-755
If scenarios are extremely and 755 crossed, longterm TP=950
Buy Jain IrrigationWith volume pickup at support of 75 and fresh bullish pattern, stock may soon give target of 84
Long IGPLThis stock is worth buying. It's at a good support and forming an IHNS pattern. Stock may give good results once the pattern is formed and 540 is broken on upside
Buy Bharat ForgeWith a Pennant and an internal Inverse H&S pattern, this stock should give a good move on the upside once a breakout happens above 655. Targets of 680 and 700 are in place
Buy HeaxawareBullish Scenario:
405 - 414 is a major support
400 has been a hot zone for buying
In anycase it should not go below 340
Investors can long with 375 SL and a 25% TP
Buy CHOLAFINWith a good compression pattern in the daily charts, this stock may give a big breakout to 1625 levels. With a fresh bullish indication we can witness a breakout. A close above 1490 should trigger a breakout with volume pickup
Buy: AARTI INDUSTRIESBig breakout followed by consolidation. Selling volumes are not as high as buying volumes of the breakout. Fresh Bullish move may indicate continuation of the breakout to achieve 1535
RAYMOND: Good To Buy?RAYMOND is at a good technical level. It can give a good move on the upside with a breakout. Target is 1000 and SL should be 750. Let some momentum build up and it should easily touch 950 atleast where slowly profits can be booked.
Buy ZEE ENTERTAINMENTThis stock is at a major support of 490. It is showing signs of downtrend reversals with divergence and bullish candle pattern. On upside levels to watch are 519,532,555. If all of these are crossed this stock has the potential to give targets of 650 in short term of 2-3 months. Go long with trailing stoploss.
HFCL, Best time to get in for more than 50% Return.Hi Guys,
You can occasionally get these kinds of scenario in the market, HFCL is now sitting on the perfect support level and on the bull flag. Breakout may occur soon which can lead it to around 40, stop below 22.5.
Fundamentally also it is a good stock, you can hold it for long-term also.
NIFTY 50, possible scenarios.Hi Guys,
From last from last 1 month, we have seen a nice bull run and it broke the previous which is a nice thing. But what next???... Let's find out.
In my last post about nifty, I actually miscounted the waves(couldn't differentiate the 3rd and 5th wave) but now it is clear, at least for now.
That's the difficult part about the prediction with only chart analysis, You only can have the idea about what's going to happen from the past patterns but you can't really be sure about it(you can't really have the exact idea from fundamentals also). We can only work on what-if scenarios.
So According to the current situation, we are in the 5th wave of the bigger wave which was started in March.
Let's dig up the 5th wave(which also have 5 waves)
1st wave was started in March and completed in May.
2nd wave, which was basically a pennant formation which generally forms in the 4th wave but here it formed the 2nd wave which leads 3rd wave exactly equals to the first in most of the cases(generally 3rd wave is 1.5 times bigger than 1st wave)
3rd wave, There are 2 scenarios for that either it is completed on 9th August at 11495(which was almost equaled to the length of the first wave) And the 4th wave is started or it is going to around 11850(which will be decided if it is able to break 11550 level)
4th Wave if it is started then we are going to 11000 level soon, 11170 can be a small support level.
The 5th wave will be decided according to 4th wave.
NIFTY at Make or Break LevelsNSE:NIFTY i will short nifty around 10900 sl 10950............... contra trend trade...........trade with light position
USD INR short @ 67.52 INFI FOREXShort @ 67.52 ( spot) for
Target of 67.00 -6.80
Strategy;
Exporter: Hedge 45-50% at 67.50 Level
Importer: Open till 67-66.80
INFI FOREX
Nifty is going to drop!!!!!!Greetings friends . Nifty is going to fall down to the level of 9513. Make sure you catch it . Hope y'll find this useful . G'day Friend.
Sensex @ 30,000 in march,let seeSensex is trading now @ 33873.44, after making a high about 36,400, was continuous from about 25,700, now it’s at 23.6 fibo level it’s highly expected it would test 32,700( fibo level 38.2) and followed by 31,000/-( fibo level 50%), ((for the positive note as it breaks 34,800 continuous higher))
Indian govt 10y bond yields set to spikeWeekly chart
10 year yield broken 2 year resistance.
It is currently in the middle of the upward channel.
2 year resistance line could possibly act as a support which is at 7.50%-7.52%.
Yields could possibly retest support and then spike towards 8%.
Bond traders should ideally look to go short in price (long in yields at 7.50%) with stop at yield equivalent of 7.29% for a target of a price at yield equivalent of 8%.
