USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JET AIRWAYS INDIA, YES BANK, VODAFONE IDEA LTD, RELIANCE COMM LTD, 3I INFOTECH LTD, ICICI BANK
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
the stock looks to set for a rally of 12/15% in coming days , if continiously holds 490 on closing basis ! even a 20% move cannot be denied .
will like to stay short on rally in this counter at levels
i actually missed it n now just realised at 2 am that such a formation taken place in nifty
the chart structure suggest something positive in the company on the way , if am able to read it right 80 is not a surprising task for the stock in next 7 sessions ...
i personally do not trade in such companies but its just when i came across the charts , i thought its a good chance to get easy 3/5% intraday trade ! , dual bottom followed with an rsi divergence ...
educational purpose only
view based on the overall structure of market !
risk reward better on long side technically !
results on the way , i am expecting a positive move in the counter of more or less 17 % or so .. on the basis of levels from different calculations ,
better to stay long on dip in the counter , looks set for a 50% or more upside ! in couple of months !
2 scenario under construction in the stock as even described in charts .
my stance is bullish but at levels so will like to buy at lower levels , already nifty and banknifty are oversold . a bounce and consolidation very llikely.
i will look for long side and will definitely try to go long and instead of shorts ,for this month ....
I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!
chart suggest something big , something good coming in this sector for next year , expecting a 40 to 50 % uptick in the counter !
described in the chart .
#BANKNIFTY for me risk reward i see good on long side , thus its better for me to go long with stop below 24800.
I see some sort of correction in it sector to balance the one way rally ... but the correction will again get over soon looking at the earning season into picture as well as the usd inr depriciation will generate better revenue story for these stocks like tcs infy etc