Natural gas is posed to join the downward channel from highs. With a breakdowndown of H&S pattern, the NG can plunge to almost level of 220, which should act as strong support to take back the price to 500 levels.
Buy above 375 if it breaks. Sell below 375 level for one and only target 220.
Next only Buy level is 220.
See the long term chart of Wipro. Coming to retest its channel breakout of 340 levels. Buy here for 600 as T1 and may be new high.
Another scenario may occour i.e. restest of channel at 200 levels, which should come in my opinion if level 335-340 breaks.
The US VIX (volatility index) is over heated at +32 which is unusual. As the US indices have been corrected up to 20-32% from the swing high, technically it is already a crash and enter of bear market especially the technology sector, the most hit one. Next level is recession. My observation is, the increasing VIX is alarming further potential sharp correction in...
Just when we thought the momentum died off, Snap Chat's result triggers another round of down move. The bears are back on the saddle riding the NASDAQ down down down! I wouldn't be surprised if it touched around 9k in a few weeks.
No doubt that market will be highly volatile ahead of Budget
Summary
1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45
Channel width is 1,566 points.
2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue.
3) There is also a Red channel which has...
So DJI has reached its corona maxima.
This is it. I do not see markets going up for a long time. This correction will be for a long and annoying time.
If the red line is breached significantly then consider this failed and ignore.
But it’s going down today or next coming weeks!
Best of luck to all of us.
This is just a chart pattern discussion. Please trade...
Nifty at all time highs, expecting a sharp correction for rsi cool off from 85 levels to retest the consolidation zone of 16000-15600, and further down move if not sustaining 15600. Analyse well before decision and act on decisive down move only. ALL THE BEST
In this above analysis, I show both scenarios may be happening in the future. Take a position as your own calculation if anyone happen. Now wait for the good opportunity
HAPPY TRADING
The idea should work in ideal condition. Markets are heavily influenced right now by institutional selling. Idea based on support - resistance formation.
Analysis by Pranay Jain a.ka WizSmash
This stock is now ready to become rocket
after breakout now pullback completed
bounce from its important support level
Thats why i am bullish in this stock
My analysis-based prediction for Nifty 50.
Disclaimer: I, Anurag Gupta take no responsibility for you taking a trade based on my posts. The views expressed here are my own, the analysis could be completely wrong and these posts are only for educational purposes. You are solely responsible for anything you do based on my posts.
