Adani group is in a bubble, if I consider the following points.
1. Rs 400 to Rs 4000 in a matter of 2 years. This isn't a behaviour of a large-cap stock.
2. The Adani group companies have borrowed hugely. Just look at the debt to equity ratio of Adani companies:-
Adani Enterprises: 1.31
Adani Ports: 1.04
Adani Transmissions: 3.16
Adani Total Gas:...
As Nifty broke the Dec low of 17774 intraday the inter-market divergence between Nifty and the Nifty Midcap 100 index became more blatant. The divergence is a bullish divergence when one index makes a new low unconfirmed by the other. It remains to see how this will unfold.
It is forming a flag pattern along with the head and shoulder pattern formation. Patterns work better on higher time frames. Hence these consolidations and patterns indicate that a new trend can start.
Doing cycle analysis. It moves in a 20 month cycle. But cycle analysis works best when done on a group of stocks and on multiple timeframes. Hence it is just an...
On a Monthly log chart, it is near a 9 year old trendline. Looking at the chart it seems the price closes near the trendline every 3 years. Starting from 2014, 2017, 2020 and now 2023. Every time it has given a run up of 100-150%. But this does not guarantee. Hence as price keeps giving breakouts positions can be built.
US Markets substantially affect global market and their indices. There are two main indices which I track most often. DJI (Dow Jones) and SPX (S&P 500).
I expect it to be in a downfall in the coming weeks/months.
I follow a rule of thumb for a reversal (respecting support or resistance) is that it must close below low of the resistance testing candle...
1. Bitcoin is currently exhibiting a text example of Time Cycles in Play.
2. Staring from the All Time high Bitcoin is following a Cycle of 73-days which can rounded off to 75.
3. Cycles can be difficult to identify because they get lost in TREND.
4. Long Term Trend is bearish until price breaks the pivot high of previous cycle.
According to my analysis, UNFI has shown a 15% correction in the current uptrend. I opened my short at 6.67 and have a target of 6.3 and stoploss of 6.8. I am not a pro trader this is just my idea of the trade. Happy trading.
This is more like looking at charts and trying to find out patterns
whom can this help
Investors - what should be there SL in Federal Bank - exit at 66 and re-enter at 41
Technical Analyst - one more analysis - always good to see perspectives :) isn't it
Traders - Not exactly - but they may want to set an Alert for Monthly closing below 66 or above ...
Bitcoin Cycle- Feb Retracement : Why Current Level of Bitcoin is best Accumulation zone, if you compare it with previous cycle and if previous move repeat what could be max pain & best investment point as per support & resistance level.