Sell Bank nifty on 1 hr charts
Expecting a bullish move after breakout of flat top pattern till 52.29 levels 1. MACD is showing divergence 2. Trendline line bounce expected as before. 3. Consolidating in a bullish flag 3. Ascending triangle forming
There is more probability to correction action happen within Feb 21 . Expecting more support on $1555 level .
The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.
One candle stick remaining to complete the flag that is march. After hitting the April high we can expect decline in a same pace. And the April target is $1700 .
NSE:GRAPHITE Sister Stock
Silver rallies look like fake and could fall steeply if it fails to rise above $18.5 in near short term. This is the same time some videos were published by Robert Kiyosaki on May 22nd, 2019 where he believes silver will go up. There are many other people propagating the same ideas trying to boost up silver which actually happened but failed to go past $18.5 or...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher.
“The potential industrial fallout from coronavirus is already leading a number of governments to cut interest rates or add to easing activity, while the U.S. 10-year bond has been dipping in and out of negative territory. This is all positive for gold in a risk-averse environment, although by definition we cannot know for how long it will be before this outbreak...
Looks like silver is taking a stroll south on hourly charts.
May see a drop of $6-7 in next 7-8 hrs.
Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended ended a wave B at 1593 where the hourly is turning down to correct the cycle from the 1611 highs. While...
Trend Reversal Done at Lower Time Frame and if took a buy entry @ 1.00 P.M its target got achieved with the help of Fib Extension!!!