Classic double bottom, The question is now Will King Dollar rise from here or just sit here on its ass.
All the signs are here already--> Inflation, Bond Taper, China Real Estate Mess, US polity Drama, RRP Drama. One thig is sure Central banks don't want to mess the same things again,So a new cockroach will emerge soon. Till then Follow price, Always folLow price.
ONGC is breaking out of a triangle but we still need confirmation .
So only buy if it closes above 82 with target of 90 100 115
keep strict stop loss below 76 closing basis.
Do more of what works and less of what doesn't.
~ Steve Clark
A close above 3520 would incite more interest from investors as it is a darling of investors in nbfc space.
Buy above 3520 with stop at low of lower channel 3100
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
~ Paul Tudor Jones
It broke down heavy thet day promotrsa had to skim their holdings due to RBI mandate.
A lot of FII picked up stake then, The price was set for 311 frot he block deals.
I am optimistic in thsi counter.
At this price and juncture with a good risk reward scenario and is an inside bar too.
Buy above 210, stop at 195
"Price is what you pay. Value is what you...
Gave a healthy breakout from 120 level. Expecting bullish consolidation from now on.
Buy above 120 with stop at 105
“Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.”
~ Richard Dennis
Pharma has been the leading sector in this rebound after march lows. Many pharma comapnies are trading at all time highs.
Donald Trump announced "Buy American First" order on friday signalling in house manufacturing and curbing drug imports mainly from china.
India could benefit from as Indian companes have a significant presence in USA.
We will anyways see how...
Sun Pharm had a nice and clean flag breakout post results, But it has not been able to give confirmation of breakout.
Now if it closes below the channel, we may see it going back to lower band(though unlikley).
My bet is it will go up from here.
Long above 540 with Stop at 505.