Gujrat Industries Power Company Ltd

Today I detected a “Symmetrical Continuation Triangle (Bearish)” chart pattern formed on Gujrat Industries Power Company Ltd. This bearish signal indicates that the stock price may fall from the close of 139 to the 130. The pattern formed over 46 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of classic technical analysis.

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Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.

TVS Motor Company Ltd

Today I detected a “Bearish REG” chart pattern formed on TVS Motor Company Ltd. This bearish signal indicates that the stock price may fall from the close of 683.65 to the range of 630 – 620. The pattern formed over 49 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of classic technical analysis. Please make a note here, do not make any short till price not close below 676.

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Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.

Technical View On Nifty

If there is some small sign of a dip, treat like as a dip, do not think like as a crash. In my previous note I made a seasonal probability. But here I am writing my technical view on #Nifty.

Capture6Yesterday Nifty breach and close above its previous high, this is a bullish sign, even some bearish player may try to make some short here and they’ll trap in near term.  Every possible indicator shows me a bullish pattern on card. Here I am not giving you any near target, but according to EL Wave theory this bull may take some rest around 10,380 mark. At this time when I am writing this note DOW J works @ 22949 mark.

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This is also a bullish sign. Yes I know this time is a bullish period for the globe, But I am not confident due to seasonal patterns. Even I am not getting any specific idea on astro time cycle theory.  Therefore I do not suggest you to make a new position here. My this advice is only for small investors. If you have a good fund to make some bets then you can.

To get Buy or Sell recommendation please check our Nifty Prediction 2017 book.

At this time when I made this prediction Dow, S&P 500 and Nasdaq hit record highs ahead of Netflix earnings. Even Europe closes mixed with Spain’s IBEX down on Catalonia crisis.

Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.

 

17 Oct & Nifty

17 October has a bad reputation among traders. In 2007 India’s Nifty Index fell 108.75 points in a day of 17 October, and then in 2008 the index fell 194.95 points in a day. However, a glance at the accompanying chart tells a same story. In the 26 years since 1990, the UK stock market has only seen negative returns on 17 October. And in recent years index have remained same story on 17 October and made a loss of 378.83 in the past 26 years, only moving upward in 2 years since 2006. In 2012 & in 2014.

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In the past 26 Years we got 3 Tuesday on 17 Oct 2017 and every time Nifty Index made a loss on card. And again 17 Oct 2017 fall on Tuesday. Now what happen next we’ll see but on seasonal pattern shows wreaking probabilities for the day.  To get Buy or Sell recommendation please check our Nifty Prediction 2017 book.

At this time when I made this prediction Dow, S&P 500 and Nasdaq hit record highs ahead of Netflix earnings. Even Europe closes mixed with Spain’s IBEX down on Catalonia crisis.

Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.

 

16 Oct & Nifty

16 October has a bad reputation among Nifty traders. In 2008 the Nifty Index fell 69.10 points in a day of October, and then in 2014 the index fell 115.80 in a day. However, a glance at the accompanying chart tells a different story. In the 26 years since 1991 the Indian stock market has only seen mixed returns in 16 October.

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But, while average equity market returns in 16 October may be better than thought, this day does have a deserved reputation for volatility.

In the past 26 Years, Nifty made a minor loss -31.92 points this day on seasonal pattern. Even we do not get any enough indication for this day on seasonal cart.

Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.

 

 

 

ATX Technical View

ATX

Index: ATX
Last Price: 3,324.41

Austria’s ATX Index tries to sustain between 3378 & 3288 mark. This is a perfect retracement band for Wave 3, which may close around 3519 mark. In the past three trading sessions sentiment is not favorable for Wave 3. But in any condition if this wave sustains itself above 3352 mark, then Index may continue its travel up to 3519 mark. Where you can see a heavy selling pressure and drop down up to 3374 mark.

Volume is not supported its price movement, MACD is also not supported at this time. Below 3302 we can see 3232 mark again but in this condition trader can make their positive position for this Wave 3 with a stop loss of 3198. IF this stop loss breach by any condition then this Wave may fail.

India’s NSE index may test 10,000 level

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India’s NSE index Nifty has broken above 9,933, the 50 pct retracement level of wave A, after a failed breakout on Thursday. Index may move towards the next retracement level of 61.8 pct at 9,991, just below the 10,000 psychological level.

Price moves in the past one week are seen contained in an ascending trend channel; index likely to test 10,000 level unless the channel is broken on the downside. However, the 9,991-10,000 level can be critical as retracement typically takes place from around the 61.8 pct level.

Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.