Index
HSI Index - No returns in 22 years??Jan 2000 Hong Seng index topped around 18400 and Tested the same level of 18400 1st qtr of 2022. If you are a long term index investor and invested in Jan 2000 you would have made zero return in the last 22 years. Stop blindly following finwits in index investing. Learn and be alert
INTRADAY SHORT in BANK NIFTYA good double top pattern after a bullish run. The price has not retraced yet. So, high probability of a bearish move if the neck of double top formation is broken.
My entry,
- Only when 15 minute candle closes below the neck line.
For more trade ideas like this, follow me on trading view.
Bank Nifty- IndiaWhat are the odds? I think there is a good chance we get a fake-out (false breakout) on higher timeframe here, maybe to even 37000 and then slow bleed and consolidation to 30k till end on year.
I am personally not buying anything here. Maybe scalp longs here and there but will wait for 30k to load up anything from swing-trade or long term point of view.
Stay tuned.
Index BreakoutIndex corrected 20% from top.
Strong support on lower level's.
Clear sign's of bottom formation and breakout is evident.
Falling Channel breakout and consolidation near breakout zone is giving strong confirmation.
MACD and Rsi too supportive.
Rally ahead.
Pullback's is excellent entry point's here on.
NIFTY 50 Trading in index is become so frustrating due to the war and USA inflation.
so it is better to stay away from the market and wait till everything calms down.
even though FII knows what the fed is going to do but still they are waiting for the interest hike data because they are preparing
whether to crash the market immediately or gradually.
so it is better to not hold any overnight positions.
and ya the interest hike they are going to announce will definitely affect everyone not only the traders.
Fed system is always like
privatize the profits and socialize the losses