Dear esteemed comrades, At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark. In the current context of gold: - Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the...
Here I am presenting an intriguing case involving HDFC Life Insurance stock⚡ On the left-hand side 👈 we have the weekly chart where two distinct zones emerged: a support zone and a resistance zone. An attempt to breach the support zone, occurring around 500, was made; however, this endeavor ultimately lacked follow through 😐 This resulted in a sudden and...
The previous week in the cryptocurrency market was dominated by concerns regarding the Securities and Exchange Commission (SEC) targeting Binance and Coinbase. As a result, the world's largest digital asset experienced a significant decline of approximately -3.60% over the course of the week. Currently, Bitcoin (BTC) is encountering substantial resistance above...
As we approach the FOMC meeting tonight, there is a possibility of a negative impact on the market if the Fed decides to increase interest rates. In this scenario, we may see an opportunity to enter the BTC market at lower levels. Looking at the daily time frame, we can identify key levels of support and resistance to inform our spot entry strategy. Specifically,...
Gold made an eight-month high overnight despite the US Dollar gaining against most currencies. The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%. The real yield is the nominal Treasury note yield less the breakeven inflation rate for the same tenor. As gold does not possess an interest rate of...
NSE:USHAMART While the entire market is in deep red, this stock has stayed resilient! While the company has posted good profit growth of >20% on a 5 year basis, high percentage of promoter pledging is a red flag. Nonetheless, company's business is robust with strong numbers posted quarter on quarter for the past two years in terms of sales growth, earnings...
What I said last week was that the setup was ready for a good move on the downside. I was expecting support around 17200 level. The market though opened far lower and the anticipated down move was already done on Monday itself. Now the following is my analysis for coming week based on what I am looking at Since the first week of April, this has been a...
NSE:EICHERMOT Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus...
Each time the stock falls, it takes support from the trendline and climbs back. Nonetheless, the stock couldn't sustain the December fall and breaks the trendline. After the breakdown, the stock was framing a falling channel pattern, from which it effectively gives a breakout and is at present trading over its trendline. The stock can possibly go up to the level...
Good Morning! Presenting 2021’s last Morning Mantra! Well, Just as we have been stating about Nifty trading in a sideways zone and about the stock specific momentum, the same was witnessed in the Yesterday’s Trading session as well. Moreover, it is being expected that even today, the same kind of stock specific momentum will be witnessed and that Nifty will...
What I said last week was ‘I don’t see why the downtrend should even pause.’ I was right but I did not expect to be so right so fast. A major gap-down opening on Monday continued by freefall meant that all objectives of the week were achieved on day 1 itself. This week is expected to swing both ways. As the market is rising back with a vengeance after the...
Today we see a strong rebound for Bitcoin right after the weekly candle close. A few simple questions come to mind right away, let's have a look at those. 1) Is the correction over? 2) How to know if this rebound is real or false? Technical analysis can answer those. Bitcoin had a bearish close on the daily and weekly timeframes, in 2 days we will have the...
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
So the price action concept is: had been falling till Mar 2020 since 2017. since 2017 we saw a steady fall till Mar 2020. 1. Since Mar 2020 , it kind of went into a consolidation between 63 and 31 levels. 2. Now let's look at the structure. The entire fall can be condensed into a downsloping channel. There are two upper trend lines . Both have been tested at...
Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis. So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...
Disclaimer -: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. NSE:SRTRANSFIN used to consolidate for a very very long time between 700 and...
The level of 2750 becomes the consistent supply and demand zone when breaking down its historical path over six months. The trajectory of Hero MotoCorp was on either side and circulating the 2750-point somewhat as a magnetic pole or as a centre pivot line. From August 2020, 2750 becomes the sturdiest support which ensures consistently help to prevent Hero...
Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...