BTCUSD pair seems to be forming a cup and handle pattern on the weekly. $32000 remains a resistance, in case this gets breached the upside potential is massive
As explained in the chart, USDINR could finally breakout after a year long of consolidation.
Nifty 50 Daily View : Buy on dips - Supply and Demand Zones highlighted in green and red respectively - Pullback possible given the higher than expected US CPI data, suggesting a potential 100bps rate hike. (75bps factored?) - However, the weekly flag pattern observed is extremely bullish and looks to be on the cusp of a breakout or it could be a fakeout :P -...
Nifty 50 Daily View : Buy on dips - Supply and Demand Zones highlighted in green and red respectively - Pullback possible given the higher than expected US CPI data, suggesting a potential 100bps rate hike. (75bps factored?) - However, the weekly flag pattern observed is extremely bullish and looks to be on the cusp of a breakout. - NIFTY50 target for YE2022:...
Long ter mview of polkdot. It has nt moved up much as compared to othe alts.
Bank Nifty seems to be forming a Doji Morning Star on the weekly which could potentially propel it towards 38500 and test that level, from there it's wait and watch.
Bank Nifty BUY PE 39K Nov month end, this probably worksout if we close below 39.3K today.
Nifty could well be on the cusp of sharp movement either side considering the two patterns forming and a fundamental event- Budget 2017. Bearish Gartley would see Nifty move towards 8500-8550 range and reverse towards 8300-8200. Another pattern forming is the Double Pattern. It will be confirmed if a breakout is seen above 8550 which would see it run towards...
Two corrective patterns forming, Elliot ABC wave and Evening Star.. A weekly close below 67.94 would pull USDINR towards 67.50 and If Elliot wave comes into play rupee could possibly see 66.80 levels.