Cyclic correction on Natural GasNatural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious
Cycles
Hind Copper AnalysisCovid has induced an long term commodity inflation cycle.
First there was a Huge inflation in Steel Prices, then - Copper, Rubber, now in Textile too(partly due to flood in Indonesia & nearby countries).
Hence, to encash such cycles one should have caught such cycles during the starting. Else may get trapped in highest levels.
Additionally, Copper price can further rise in upcoming next 2-3 months due to fresh lock-downs in many part of China (because of Delta variant spread).
But before investing in such stock, One must be mindful that it is already 5-6x from the march bottom & the cyclical nature of the stock too.
Having understood the risk, One can enter in Hind Copper once the triangle broke & does the retest. or even the safest bet is weekly closing above 170 level.
Disclosure: I would not invest in this at these levels due to high downside risk from here.
(already invested in 39-40 levels. for me its just hold now)
Fortis: 5 yearly itch Fortis is yet again playing out its 5-year cycle. A look at the left-hand chart which is the monthly time frame, clearly shows this cyclicality of 5years. It has been a long-term under-performer and is now dealing with some serious resistances. Last session we had a fine high-volume breakout which should continue further up unless the short-term supports of 160 is not broken. With the momentum backing the pharmaceutical stocks can this be an opportunity for the stock to rally further up and test 200? Well, I think it’s possible.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
M&M Minor Cycle Wave Analysis (Mahindra and Mahindra Ltd)Minor Count - White
Minute Count- Yellow
Minuette Count- Blue
The chart is shared Just for purpose of education and feedback Hence no trades or levels for trading have been mentioned.
NSE:M_M
The Perfect Bullish Bat Below 10094Hi fellows, hope you are doing great with your trading. I wish you all the best for the coming week.
In my previous post I shared my observations with the expectations that the index will achieve higher levels in the coming days. Unfortunately, I had to take trades in the reverse direction, later in the week, in order to mitigate my losses. It is all part of trading and I need to be flexible in this profession. The stubborn will be blown away by the winds, but only the flexible will survive the storms.
Current observations: Below the level 10094, I would assume that it is a bullish BAT pattern which is under formation. I called it a PERFECT BAT because the B leg retraced exactly 0.5 of A leg; also the B-C projection at D comes out to be exactly 2 times; and the A-B-C extension at D is exactly 1.618 as a complemetary confluence. These are all traits of a perfect BATpattern.
For me the BAT would be in action below 10094. A conservative approach would be to wait till 10013 where AB=CD completes and also 10000 could also act as a psychological support. But break of 10K would trigger stops for long traders and may attract new shorts. So I would call 10000-10094 as the key level to watch out for the next week.
The PRZ for the BAT falls at 9780, I would call 9780-9687 as a strong support zone below the 10K mark. If this support zone holds, a bounce of the order of 38.2% to 61.8% can be seen ( which would be 10020 to 100169 resp.) The question of complete reversal from this zone should be left unanswered as of now.
Other Possibilities: It is possible that the 10094 holds and market rebounds from there. In that case, I would like to see the index above the red downtrend line in order to be bullish. It is also possible that the market consolidated between the red trendline and 10094 before giving any decisive move.
Cycle study: Market reacted before its 25 day uptrend cycle, so I expect some sort of reversal at the end of this cycle. But this time it could be an upward reversal. I ll have reassess the situation at the cycle completion.
So, my post has short term bearish undertones, with the expectations of intermittent bounces in the market. For long term I am still bullish but I need specific levels for that.
With a regret that I am not able to update during the week, I hope you guys will find this post useful and take your trading decisions with care.
Do hit the like button for better posts ahead.
Trade safe, stay healthy.
Regards
Bravetotrade
