Buying Gold Gets Expensive!

Gold Import Duty Increased by 5%

Gold Import Duty Raised to 12.5%

Also Attracts 3% GST

------------------------------

Total Duty Now at 15.75%
12.5%: Import Duty
2.5%: Agri Cess
0.75%: Social Welfare Surcharge

#gold #goldimport #goldimportduty

#INSECTICID ....one of the very few Scrips in Bullish momentum ....#TestingTheWaters

#Tvsmotors motor

Above 815 MCB

4 years range Breakout

C&H on monthly chart

RARE SIGHT for Technical Analysts:
A breakout above the Rising Wedge pattern(rather than a breakdown).

Now we could be in a TOO FAST and FURIOUS zone.

#RupeeVsDollar #Rupee #RupeeAtRecordLow #rupeefall #inr

M&M: TREND positive
However, hourly charts are indicating a sluggish bearish divergence.
Looking at the previous two instances, it indicates a RANGE bound price movement for the next 1-2 weeks atleast.

#Mahindra #Auto #Technical #chart #StockMarketindia

First fixed you duration of investment then pick your value .

#sharemarket #StockMarket

#Syngene released its Annual Report today
What a treat to read!

Multiple earnings triggers 2024 onwards

Link to Annual Report ⤵️

D: Hold in Family PF

https://t.co/E9L3zSWIGP

Stock has been consolidating between 700 and 520 sine Sep 2020

Didn't break the lower end of 520 even in this recent correction!

This is one H&S we all want to see breaking down and hitting its target !!!
A super small (weak) right shoulder and then a retest of the neckline are the two most important ingredients of this chart....
Extremely CLASSIC chart pattern in the making.

#brentcrude #CrudeOil

#BajajFinance

Falling wedge No.3 😉 (last week posted #CanBank #Larsen)

#TITAN Many experts were giving 3k as target when stock price was near 2500 😀
~ Immediate resistance near 2175 level

Weekly ratio chart against #nifty says👇

~Oversold in near term, Bounce to banta hai
~But may underperform against #nifty in next 2-3 months.

#M_M

Example: Whenever a support or resistance level is broken through significantly, they reverse their roles.

With the range breakout, extended target on the upside at 1205.00

Invalidation level: 972.65

Perfect channel in #GAEL!

Another reversal from the lower end of the channel this week.

#NIFTYAUTO

With the structural higher highs-higher lows and weekly closing above the pivot level, This front looks quite strong.

Might face supply pressure around 12015-12140 levels. Beyond that, Point D is the level to eye on.

#ITC
The one constant in every investor's life.

Notice how the price has been fluctuating between the upper and lower band of the parallel channel over a period of 25+ years.

The longer the channel remains intact, the more reliable it becomes.

For now, Resistance: 278.65

The most valuable hedging strategy you aren't using:

The IRON FLY STRATEGY.

Knowing how to use it will protect you from gaps and intraday spikes and 10x your hedging experience.

Here's the step-by-step guide:

Collaborated with @niki_poojary

Here's what you'll learn in this thread:

1. What is an iron fly
2. Perks and Drawbacks
3. What to do when in profit?
4. How to adjust when in loss?
5. Thread on How to keep shifting an iron fly for max credit?
6. Risk-free trades benefits

Let's dive in ↓

1/ What is an iron fly?

Sell ATM CE and PE (Short straddle)
Buy OTM CE and PE (Hedge it by buying on both sides)

Look at the picture below for an example of an iron fly in current weekly options.

2/ Why do traders like iron fly?

Many traders want to receive maximum theta or max credit.

This is why they sell straddles.

But straddles have unlimited risk in them, and can't handle gaps or intraday spikes.

This is why traders like knowing the maximum loss in their trades.

3/ Perks of Iron Fly

Low capital required—Possible to buy first, sell later

Limit losses—Know your maximum loss upfront

Adjustments—Can reduce losses to zero or almost nothing

Weekly earnings—Possible on a weekly basis

Jackpot—Potential for a jackpot if it expires in middle

Technical Green Flags

Gap up after Earnings
Relative Strength vs the market
Higher Highs, lows
Retaking MAs
Respect for logical support
Stage 2 Uptrend
Breakouts through resistance on HV
Pocket Pivots
Strong DCRs
Orderly price action
Near or at ATHs
Weekly Vol Spikes

What else?