NIPPON INDIA ETF (NIFTY BEES) NIFTY BEES seems Triple bottom pattern in daily chart. It is strong bullish pattern. In this pattern neckline clearly breakout at 178. Now expect small retracement & then it's rally may move upwards to the target.
ETF market
XBI Chart Analysis
Don't own XBI. Below analysis is only for educational purpose & not a buy or sell recommendation.
1 & 2 : Double bottom test couldn't break the initial low. Confirming strength from buyers - Bullish
3: Last lower high in the downtrend & converting that resistance into support by re-testing it on low volumes - Bullish
4: Resistance confluence of consolidation high & long term trendline resistance broken with strong volumes – Bullish
5: Recently established weekly resistance level broken though more volume would be desirable – Weakly bullish
6: Long upper wick bar formed on high volume creating resistance at its high. Price later closed above it – Bullish
7: Consolidation zone
8:Long term trendline
Key things to look for:
A re-test of the $78-$80 area would be desirable to confirm its conversion from resistance to support.
A close below the $72-$73 area would change the odds in favor of bears from bulls.
Good luck!
copper buy longtermthis correction start 5 april 2022 this time price 47 and price go down 5 wave and price go up corrective wave b 12 may 2022 to 7 june 2022 and again price go down 5 wave structure
this correction extended zig zag correction
zig zag correction (5-3-5)
zig zag correction price go down 5 wave and again move up a,b,c and down fall 5 wave this structure complete all correction complete . and price go higher cycle
Emerging Economy chart and Dollar IndexProbably the two most important to see regularly in context to Emerging Economies like India. DXY will have a inverse relation to performance of equities in India and Vice-Versa. First chart chart shows the strength of FII's into EE.
Rebalance on mind...In next 2~5 weeks we can get good opportunity to rebalance. Gold to equity will be good bet.
+22% divergence seen since october 21
ETFInvestIndexes are on steady decline. I will use the opportunities to buy index ETF's and pledge them for trading as collateral. Keeping that in mind, I have plans to accumulate #SBISENSEX ETF around 555/526.9/499/453. Will increase quantity on lower purchases. While we don't know the bottom, one thing is for sure indexes will move higher in few months or years. Additional rental income can be generated by selling 2 DTE OTM weekly CE.
Renko for box theoryTimeframe - Weekly.
Box size - 0.5 x ATR 8 in candlestick chart.
Change the Box size every 4 weeks as per the formula mentioned.
Also, don't change the timeframes when a trade is taken based on the above system to avoid false signals.
InvestSilver ETF is good to buy at this level. One should invest 25% of investment here. Add in 4 trenches with 25% each for every 2-3 rupees fall. Basically on every 5% decline add more. View should be long term.
PLANDEMIC STUDY ADUSTED TEXT BOXES FOR EVENT 201 and MARCH 311SPY Chart update to clarify the dates used in the time based fib extensions.
-TT
copper buycopper down five wave structure and confrimation candle stick down side or rsiand macd postive crossover
copper buy 36.10
stoploss 34
target 38 or 42
QQQWatch how this stock moves through this, which I consider an indicator with which I can know the movement of all the charts
uranium URA renkoIs the renko chart trying to tell us that this is where we should add to our postion??
Goldbees taking support and moving up!!The stock price is now moving steadily upwards since it took EMA 100 as a major support. Expected targets shown on chart
Gap down and run?If we open where things are at as of (Sunday night), looking at lower targets of $335 and $329 this week.
Buy Goldbees for the long runStart Buying Goldbees as you wont get it at the current levels after 1 Jan 2023. The Chart is very clearly depicting a strong Bullish Upmove on Gold.
It could be due to high inflation or it could be due to rising commodity prices or it may be due to Government printing money. Whatever the reason is look at Rate of Change indicator below. The Roc is depicting that there is a clear breakout and the Current prices are above 6M 12M 24M & 36M EMA.
SPY 4hour bull flag In this we can see a big bull move on tomorrow that is Friday 25 march. Market is in bull runner so it easy that we can go up from here
QQQ: Buy only ABOVE 329, SL 317 TGT 345QQQ seems to be a Long trade above 329 with Stop-loss of 317 and a Target of 345. One can look in to Long trade only if it crosses 329.
This is for education purposes only.
