For any reversal/rally to sustain, VIX needs to cool down. For now sustaining below 39 would be the 1st confirmation for a pullback to 30 then 25. With Q4 Advance Tax noes coming in from Monday, we would be seeing stock specific reactions going forward unlike the systematic fall we have been witnessing since FEB. So a word of caution, not every Inky Pinky Ponky...
It has bounced from an extremely crucial monthly Ichimoku (Kumo) support. If it were to be held then all time frames suggest a consolidation between 14000-12500 would be likely. However, if it does not hold then the next major support is a Bullish Harmonic Shark at 10000. $:INR showing signs of exhaustion currently is a big issue with the sector.
Bank Nifty has attempted a bounce today after testing 62% retracement of its move from FEB 2016 low. For it start a meaningful rally it 1st needs a consolidation which could happen between 26000-22500. Failure to hold today's low opens the passage for 19000. A downtrend halts & changes 1st with swings then an uptrend starts, whichever time frame you look at it. If...
As per ICHIMOKU study - Monthly, Daily, Hourly, 15mins & 5mins all showing 9800 as crucial. So if we are looking for this Monthly Kumo bottom to hold then we need to be prepared for some consolidation between 9800-8500 also. VIX is at extremes, until it starts cooling be prepared for swings as well if these lows are to be held. However, if again dips lower the...
Motherson Sumi has formed longed head and short
considering the volumes increase in the fall in the last 3 months. \close below the marked line, will result in a major breakdown of HS
SUNPHARMA.. again bounced pf previous lows of 370 zone for the fourth time with volumes
with USDINR rising , the could be a dark house and a contra bet when markets are weak..
But, in the case of Maruti, We are not taking a contradictory bet.
This our basic uptrend trade. Although the targets are drawn using price action. The first target is where the gap fill. The second target is the highest point of the range of the previous day’s sideways trend! We can also draw the targets based on our trailing stop loss method that we have...
Now, when a big gap down occurs to any stock along with the index (which happened in last Friday because of Corona Virus), the first thing that mostly occurs is more fall because of margin expansion triggering selloff from brokers.
After some point though, as you can see from the above chart, We can trade the stock with help of bounce theory because people...
Again, if we check using Bounce theory, the Lower high will be same as the high of the inside bar resulting in same trade idea. Anyways, all theories of price action tell almost the same thing in the same time frame.
DOW
Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target
USD INR
Monthly has made a Bearish Harmonic AB=CD.
Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target
Daily has also made a Bearish Harmonic AB=CD. Ideally...
![SIEMENS: [Positional] Siemens Analysis on W frame - Bounce Theory](https://s3.tradingview.com/l/lzBtXZhN_mid.png "[Positional] Siemens Analysis on W frame - Bounce Theory")
![SIEMENS: [Positional] Siemens Analysis on W frame - Compression Theory](https://s3.tradingview.com/f/ffeFrpM0_mid.png "[Positional] Siemens Analysis on W frame - Compression Theory")
