Sensex
SENSEX Recession Chart Bear Market Layout - Elliot WaveSENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000 level as shown in chart.
also 33000 level is also good to enter short or exit market.
bosch retesting trendlinebosch is near the downtrend trendline support line there are two possibilities it can break the trendline and t=entered in the channel or touch the trendline and fall after retest.
further analysis will be posted after watching how its performed near the trendline for more future info follow. I will update after getting more info on the chart.
INUDUSIND BANK: Roadmap to full recovery by 2024During the 2007-2009 recession, INDUSIND BANK lost stock price lost 80% of its value.
Currently, the share is down 88% from its ALL-TIME HIGHS.
Things will get a little bad for both the economy and the stock market before they start getting better. But, we shouldn't overlook the highly oversold banking stocks.
Create a plan to add small chunks of banking stocks such as INDUSIND BANK in your portfolio over the next 8 to 14 months.
I have already bought INDUSIND bank at 295 two weeks ago and my plan is to keep buying the dips and hold for the next 5-6 years.
200-320 is a Buy zone for Indusind Bank with a target of 2000 by 2024.
Targets for Tata Motors: 140,280 and 600Tata Motors is now in the Buy Zone. I have already bought 500 shares at 66 and I plan to keep buying all the way till 25 if it drops there.
My first target will be at 140 which is at the top of the short-term price channel.
My next target is at 280, which happens to be the previous support turned resistance.
And my final target is 600. I expect 3-6 years before the final target is reached and there is great chance for making 10X(1000%) gains for long-term investors like me.
I could be wrong, But something is fishyI could be wrong, but something tells me that this Uptick is not the Reversal that we are looking for.
Going Short with lesser lots. Will Sell on peaks.
Market Bottom 404?In 2008 crash BSE Sensex dipped approximately 63%. If it happens again going by the ever increasing corona virus numbers, we might end up near 15500. Just a thought.
Is it the Nifty Top out?With lots of positive news & daily new turbulence in the Stock Market. The Benchmark Index i.e. Nifty & Sensex both are at the highs.
But does this high leads to a new high or it's a hoax.
As Considering News Factors -- Markets will be making new high.
But on the look of Fundamental patterns -- Higher Inflation, Under-quoting of NPAs by Banks, Fraudulent Activity by Renowned Brokers, Liquidity Crunches in the NBFC & lending Business, Public Strikes/Kiosk/Anger/Fight against Government's CAA, Global Pressure,Loss Making E-commerce business investing in other business and Index trading at the PE of 28 - 30 Levels. But still Indian Market is making new highs...Kind of questionable thing.
Thus, with all such factors - Nifty will be correcting very soon.
One can Short Nifty near the levels of 12200-12300.
For the targets of 11570 or more for the next year or the coming months.
with an SL of 12650-12750 levels.
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By
Market Commentary|Investiture.in
NIFTY Going for All Time High? If NIFTY breaks 12300 mark then it will go to 12600-12800 levels.
This level is already rejected 3-4 times.
The more the resistance test it becomes weak and easy to break.
Keep an eye over Nifty Inverse H&S pattern to for the breakout.
IRCTC - 1st Halt ( Amazing Journey 625 to 980) - What Next ?Trading Strategy
Scenario 1-
Holding above 920
Part A:
Expect upside push to 980-1000 zone
Part B:
Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700
Scenario 2 -
Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part B - Scenario 1" as mentioned above.
Thanks for all support
Wish All of You A Happy, Prosperous & Terrific 2020 !!!
SHORT AUROBINDO PHARMA KEY TAKEAWAYS
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Head and Shoulders breakdown in Bata. Can go short for given targets. If there's a pullback tomorrow then would get better RR.
BSE:SENSEX is at ATH but rejected by a 15 month old trendlineBSE:SENSEX has recorded a All Time High today(26-Nov-19) but it was rejected by a trendline that extends from August 2018 till today. If this trendline is broken on a daily closing basis then I am expecting SENSEX to continue to the upside.
Does Kotak Mahindra at Support?After reaching at the levels of 1630 Kotak Mahindra has consolidated back to its level of 1561. And this is the third time it is following the same pattern.
With an Stop Loss of 1520. Kotak is again trying to reach or even might break its level of 1630 in coming days.
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Market Commentary|Investiture.in|Personal Financial Planner in Jaipur
Is it a Buy on Dips Opportunity?After, making a Cup and Handle Pattern nifty is trying to consolidate to at nearly support range. Can be considered as an opportunity to buy on every dips with following levels:
Buying Range: 11850-11900
SL: 11700-11650
Tg Range: 12110-12250
for coming days.
By
Investiture.in
Tri Star Doji! Will it allow nifty to make a new high? 11800 ...The movement of Nifty was directionless this week. From last three weeks Nifty has kept traders on the edge and has been teasing both buyers and sellers. We can see a tri star doji formation on the weekly charts at resistance, tough doji does not mean outright sell, it depicts chaos and confusion. We should not discount the fact that the trend is up and yet no confirmation of any selling pressure is seen on the charts. 11800 will be acting as a strong support breaking it may lead to correction to 11570 – 11370 levels. The RSI is flat on the weekly charts, though on the daily charts we notice RSI taking a hit at the 60 levels.
"HDFC" - Short/Sell Trade Setup.1. HDFC is forming an triangle on the top.
2. Triangles are 50-50 they can breakout and breakdown and keep the direction continue.
3. Taking a short trade on the edge of triangle provides you better Risk:Reward Ratio.
4. Mentioned target is small because of a support trendline is coming up there, if it breaks down that trendline in upcoming week than it can go more down.
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