Throughout the previous week, the Indian equity markets remained less volatile than expected, but at the same time, it marked some important technical events. After trading in a 350-point range, the index resisted to its key resistance zones, retraced and ended the week with a modest loss. The RBI Credit Policy largely remained a non-event for the markets. The...
As you can clearly see in the chart, Brent is entering into the resistance area and also retraced 61.8 percent. it might fall from here after consolidating for some time. wait till it comes out from the area and short when it comes back to retest.
good Risk reward from here in the downside.
Not a financial advice.
Certainly with out any doubt, I can say Volume Profile is the greatest tool that I have ever seen.
If understood properly it tells us the traders vs investors behavior. Which is more important for trading.
The Current Session Point of Control with Last 5 session point of control will provide us with the most precise trading information.
So the above powerful...
BEML has just bounced off the base line support of the Bullish bat that is shown on the pic, on the monthly charts with targets of 2000 in the next few candles.
The right wing is fractured though, that's why it is off on the calculations for the validity of the pattern. this is not taken into account, considering the selling mentality associated with the bear...
Intro : The bump and run is a pattern that is of explosive power in developing markets aiming at maturity. Reliance has just bumped onto and looks to start its run.
For those unfamiliar with this lesser known pattern, this looks like a inverted cup, preferrably on an ascending trendline support angled between 30-40 deg. This has been observed in cases of several...
As we can clearly see, we're in ABC correction of Elliot waves. Also, the Double top @10900. C wave would take us around 9400 points, also the overall 0.5 Fib level.
Let's see how market opens tomorrow.
This post is for my future reference only. The previous two secular bull markets made a 9.5 year low before continuing their secular bull markets. Currently this year with the consolidation we have seen, price could be setting up to make a low this November/December where after the low is in place, the current secular bull market would resume to make new highs....
Minor Correction has been see in Dmart , after it completed the ABCD Pattern( .50 - 2.00)- Refer markings
Currently is near its support, let see whether its gonna break it to correct more or make it to see new highs.