"Balance sheet expansion on autopilot"
The market is becoming rather predictable these days.
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I have caught the exact bottom of this swing and my Algorithms are predicting next bottom.. This is very strong signal like before.. I think this bottom might be the multiyear bottom. I have shown the range to accumulate the Index or many stocks at that time. I hope U will buy the bloodbath at that level.
I think most of the people will going to panic at that...
Nifty - Technical Analysis:
Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index.
On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel.
Market - Driving Factors:
All sectoral indices ended in...
Bank Nifty - Technical Analysis:
Bank Nifty started off the day with a gap-up opening but soon corrected over 1.7% within an hour. The bears then started booking their profits due to which Bank Nifty retraced upward before settling near the day's high.
On the hourly chart, Bank Nifty gave a failed breakout above the EMA20 line and formed a red candle after...
The moving average has the highest resent slope and macd is showing a strong divergence than recent times. Don't buy in now. Be careful everyone. Risk/Trade management.
Although the month is still to finish, a rejection at the EMA in the monthly chart is an indication of the completion of the retracement.
In the daily chart, Dow has exhausted a gap with a falling gap and has tested it.
Prices are going to fall further.
