After breaching the all time high on AUG 14,
Analysts would be looking at USD/INR's market action in the coming weeks,
If the move sustains, the new 'normal' would be between 71-75 for USD/INR as per monthly charts.
Its not what you don't know that gets you in trouble. its what you know for sure that just ain't so.
People are sure bitcoin is a joke. I am not an expert so cannot comment if it is or not.
Chart suggests massive upside is all i can say!
Chart can tell you secrets but only in its language. Its up to you to understand it.
Its simple and is one for long term investors.
Everything is on the chart!
Consult your advisor before making decisions.
SHORT TERM TRADES - TARGET 368 SL 320
MEDIUM TERM TRADERS - TARGET 402 SL 295
LONG TERM INVESTORS - TARGET 500 SL 252
W5 TRUNCATION IS EXPECTED IN ALL DEGREES.
CHART IS FOR EDUCATIONAL PURPOSE ONLY.
TRADE IS RISKY AS ITS AGAINST THE TREND.
DIVERGENCE BETWEEN BANKNIFTY AND YESBANK WITH A HEAD AND SHOULDERS ARE TWO OF FEW REASONS TO GO LONG ON THE COUNTER.
ITS IMPORTANT TO UNDERSTAND THAT A COUNTER FINDS DIFFICULTY IN GOING UP WHEN ITS PEERS ARE GOING DOWN, NEVERTHELESS THE REASONS MENTIONED ON THE CHART MAKES YES BANK A GOOD BET TO PLAY ON THE LONG SIDE FOR SHORT TERM.
Double bottom in monthly charts.
Breach of trend in weekly and daily.
Heavy volume on green days only.
The company just bought back shares last week around 395-400 levels.
are few reasons to long on this counter.
i will also mention - apart from trading, i see potential for investment on this counter too with target of atleast 650.
The company shall be a leader...
We will be looking for shorting chances in nifty for 17-08-2017
If one gets sign of reversal near 9940, a short can be taken with a target around 9880
If reversal is seen near 9915 , short can be ,made with target around 9860.
If market does not give a sign a reversal trades shall be avoided, do not trade without a sign a reversal.
At 9980 we anticipated a reversal and advised to be cautious on basis of broader markets action (look at nifty ADL divergence idea), we shorted bank of india and profited more than expected with the market fall. Now where is the market headed? This idea would talk about very short term and analysis is done on nifty spot daily chart.
The index is at a crucial...
Medium and short degree counts suggest some downside for bank of india.
Longer degree counts might disagree.
Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.