This is a Weekly chart. Here are some observations:
1. Price has been in a downtrend since Oct 2021 forming a large cup potentially finishing around Jun 2025 with neckline at ₹650
2. The red trendline still has to be broken to officially get into the uptrend
3. The recent green trendline has been breached following the healthy Quarterly results posted...
Tata Elxsi stage analysis
Stage analysis of stock to show different stage like basing , advancing, distribution and declining.
some factor which has occurred which causes these stages.
The current market cycle looks eerily similar to the 2005 - 2010 era.
Dow started going up after the last rate hike in expectation of a rate cut and eventually peaked around the time the cut started i.e. Sep 2007.
Very similar behaviour is evident in current cycle where market has been rising since the last rate hike. If the Fed cut is expected in June 2024, then...
SHIB: Meme Token Breakout Potential
The popular meme token SHIB has seen a significant spike in interest over the past 10 days, with its price rallying alongside the increased attention. Currently, SHIB is resting on the 10MA, which could act as a support level and bounce off.
Technical Analysis:
- The recent price action has formed a bullish flag pattern, which...
I have been observing an increasing momentum in PVR INOX and Along with this increasing momentum PVR INOX has also closed above a crucial resistance on Thursday, breaking out of a range between 1350 and 1400. This stock has been in this range for a period of 1 month, therefore its breakout indicates a good rally. Defintely buy PVRINOX for short term move.
Entry...
USD/JPY technical analysis
The above-estimated CPI print saw USD/JPY fall ~20 pips, which is by no means a particularly big move. But it has helped the pair retrace further from its highs as we head closer towards the key US PCE inflation report later this week. Technically, I am now seeking evidence of a swing low for a potential swing trade long on the 1-hour...
Hindustan copper has broke out cup pattern neck line 198, which gives first target of 320.
On the bigger time frame it will completing a cup or box pattern of more than 11 year.
If it manages to close above 320 then it will be breaking its 11 year high, which can give target of 600.
This is for educational purpose.
This is the perfect example of a long downfall now upward trained start and successfully higher bottom keep making Until higher bottom Keep phone ride on the On the stock really other technicals also Positive shouting towards this trade change momentum built RSI strong quarterly revenue also support
Namaste!
Any stock can not sustain it's bullish behaviour, without a correction.
Reliance has to correct, before going up again. It is the proved nature of markets.
Why selling any stock is a good idea.
1. To buy it back at a lower prices,
2. To full-fill urgent needs of money,
3. To let the weak hands enjoy the euphoria and not to stay in the markets when...
Namaste!
I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs.
SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, ...
Namaste!
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...
Namaste!
In this article, I am sharing my understanding of the following subjects. Please correct me if I am wrong in any of the mentioned things.
1. Book value is a value of total assets over total liabilities. Means, Total Assets - Total Liabilities.
2. Meaning, the amount available to the shareholders (per share) whenever the company goes into...
![XAUUSD: XAUUSD Short [Intraday]](https://s3.tradingview.com/e/ErLVzFrW_mid.png "XAUUSD Short [Intraday]")
