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The internet changed how India communicates, shops and works. Now, the businesses powering that shift are becoming bigger capital-markets stories too. Jio’s IPO is one to watch.
reuters.com/legal/transactio…
Happy Dussehra !
Decide to kill following this dussehra -
> Investing without Knowledge
> Holding Losers
> Leverage
> Lack of Patience
> Not following trend
> Watching Business news channels
> Checking Moneycontrol Forum
> Searching Multibaggers on Google
> Averaging Losers
💥💥💥💥💥
China’s yuan just hit a 4-year high against the US dollar!
Why? Because China’s economy grew a surprising 4.5% in Q3 -way better than expected. Retail sales are also picking up, easing fears Beijing will have to unleash more stimulus.
China picking up again ?
Last 1-1.5 months worked good in this downtrend thanks to Gems & Jewellery Industry
DP Abhushan
Shantigold
Rambhajo
Skygold
TBZ
All gave entries and worked
Apart from above industry nothing worked and had many stoplosses and cost to cost closures too
As downtrend continues setups to dry and sit out starts. Lets see how it goes.
We seriously need some market strength now to trade any new name.
🚨 FM NIRMALA SITHARAMAN ON WHY INDIAN MARKETS ARE UNDERPERFORMING
“People are even exiting easily” due to abundant liquidity.
Translation for Dalal Street:
💰 Money enters easily.
🚪 Money exits easily.
📉 Stocks struggle to sustain rallies
FM says India's fundamentals remain strong, but excess liquidity could continue to weigh on markets.
In bull markets, liquidity is fuel. In weak markets, it can become the exit door. 👀
Is it really liquidity ? or another excuse for ruining investment environment due to taxation and regulations ?
No more Ethanol from Sugarcane !
Ethanol production from sugarcane
Balrampur Chini, EID Parry, Triveni, Renuka & others fall up to 6%
IDFC First bank - In the year 2015-2017 it went viral among investors as the next HDFC Bank
Been a decade now
Looks like ICICI bank to become next HDFC instead
BIG got bigger , small remained small !
Market (Midmall caps) tried it's luck around 10 EMA - Got rejected again
Its about to be 2 months since 27th August high in this fall
Kross - Some +ve result action
Currently I have seen more bad price action after results then good in terms of no of stock
Results can turn messy if not handled properly #cyientdlm
Cyient dlm - An 8% profit turned to 2% loss booking
Wild result action
Results are volatile and particularly I have bad luck with results too whenever the one I leave pushes up and whenever the one I hold (having profits to risk) goes dumping
Results are two sided sword
If I didnt had profits to hold to risk into results could have been blunder
Rule is simple
Have profits , risk or else leave before it
PC Jeweller - Powerful move 13% up now
18% move from pivot
Follow through Swing
Research & Analysis powered by NEXT
Imagine you go out for a vacation and you see this !
The west is becoming more un stable ! Asian countries have more stability
Kind of market where winner is taking it all
Winner of last 1.5 month has been Gems & Jewellery Industry thats taking it all
No other industry/sector worked in last 1 month except for above
GMMpfaulder - Worth studying trend and momentum
A high power move changing trend from downtrend (Stage 4) to uptrend (Stage 2)
A shallow base 17.4% & a forming a tight coil indicating maturity of the base. EPS last 2 Qtrs has been a good pump
More analysis below right side
Currently market has been rewards only the Gems & Jewellery industry but this looks worth a try.
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