Fast forward to today when I added Gold at 1850. It made a sharp-up move but didn't want to sell for the sake of hedging. The positions were scaled up around 1925 with the fresh SL of 1900.

So far doing good. 2000 is the level I would be looking for. https://t.co/j1kiKRSx0y

Hikal - for me a high conviction bet now as buying volumes are high and stock is retesting the support. SL 495. Buy zone 525-535

Tata Elxsi - Scallops are most common but I found them rarely in Indian stocks.

More on scallops by Thomas Bulkowski here 👇

https://t.co/DAZAWXbnJu

Just one basic filter will save a lot of your money. If the price falls below 200 days MA and it is sloping down - avoid any buys till the MA flattens up & the stock forms a higher low or just wait for initial move to prove itself & buy when MA starts sloping up

Lupin

HDFC Bank - price bouncing back from the support must knock off the previous highs else it becomes weaker. Not a healthy sign till now. Need a strong follow-through. The zone of 1290-1300 is still to be tracked carefully.

Better way to Invest in Gold -

The new Sovereign Gold Bond (SGB) issue opened today for subscription for 5 days from 17-21 May.

Thread on why consider SGB bonds vs physical gold this year-

1. Earn Interest:

Big Advantage - SGB offers 2.50% per annum interest. It will be credited to your bank account once every 6 months.

Physical gold sits ideal, gold bonds earn you money.

2. Safety:

Keeping gold safely is one of the major challenges that people have to face when buying gold.

However with SGB, gold is safe in a vault under Government surveillance.

Your bond can be kept in Demat format.

3. Purity:

Checking the purity while buying Physical Gold is a common problem but investing in SGB saves you from having to go through the trouble of checking purity as it is being issued by the Government and each unit you buy is backed by 99.9% pure 24-carat gold.

4. Collateral:

One of the lesser-known advantages of Sovereign Gold Bonds is that they can be hypothecated for taking loans which makes it equivalent if not better than buying physical gold.

Gold has found its mojo of late, helped by falling bond yields and a weaker USD - that said XAUJPY has been the place to be...I still view gold's best days as a hedge against disinflation rather than an inflation hedge which is the conventional wisdom. #gold #silver

$GOLD @ 1816 expected to bounce till 1925-1995 zone next.

IF this right shoulder completes and breaks out, we can get to 2150.

#gold
@sich8 @GoldTelegraph_

Exposure to gold is good, but many traditional methods can require a sizeable investment (esp offline ones). Here's how you can invest in gold for around ₹40! #investing