Hello and welcome to this analysis Among all large private banks, this one has been an underperformer since October 2021. In the weekly time frame, Indusind Bank is completing the counter-trend leg of an Ichimoku Y wave. Ichimoku Y Wave formations are formed in triangle/diagonal formations. For further upside, it needs to start closing above 1100 on daily...
Hello and welcome to this analysis Like all PSU Banks saw a very good 2021 in terms of price performance thereafter in 2022 it went into a correction mode in line with market trend. The structure of the fall as can be seen in the chart is of a slanting channel currently. If it manages to break above 235 then 244 is the 1st line of resistance, above that 255 is...
Hello and welcome to this analysis on MCX Crude Oil. The overall structure of sideways consolidation now appears to be set for a rally which could break the falling trend line. Expecting it to bounce back to 8400 as long as it does not break below 7500
Hello and welcome to this analysis on BTCUSD In Jan 2022 it completed what appeared to be a sideways correction and activated a Bullish Harmonic Reciprocal AB=CD @ 33000. From there it went on to give a 38% retracement till 48000 by the end Mar 2022. The current decline is now testing the reversal zone of 33000. The next support below this is the crucial one near...
It continues to be on a strong uptrend and as activated a Bullish Harmonic Dragon suggesting further upside for 1100 and then 1500. Accumulation between 925-875 would be a preferred route
It has come to a very strong Monthly as well as Weekly support per ICHIMOKU. It could be a very good medium to long term accumulation zone (125-160) here for targets of 250/300 and more.
After a steep correction from 800 in January till 650, it appears to have resumed its uptrend. The weekly Kumo bounce is activated along with a strong demand zone in hourly being observed today. It could do 750-775 with minor resistance around 730. View would be negated below 670
After doing a steady decline till daily kumo support, it appears to know have given an hourly breakout. If this reversal continues it could rally till 325-330 as long as it does not break 303.
It has given a Bullish Harmonic Gartley reversal. It could retest 167/170, View negates below 158
A weekly reversal is taking place in the pair chart suggesting upside of 3.45/3.60/3.70, the view negates below 3.05 The bias is Lombard could outperform Prudential in short to medium term.
It appears to be completing its triangle in daily time frame. Breakout from this triangle could take it till 475. Accumulation appears to be happening in this zone of 420-430. View negates below 405
It appears to have completed its pullback and is now attempting to break above its slanting trendline. Short term resistance at 930, above that medium term targets 975 & 1025. Short term view negates below 885.
CNX FINANCIAL is making a H&S in hourly time frame. Below 16200 it could cover the gap at 15800
As per Maruti / M&M spread chart. Maruti could outperform M&M from here onwards. A retest of 9 is possible provided 8.20 is not breached. The pair chart is suggesting Maruti will rally more and fall less than M&M Pair Spreads are high risk management set ups. They are not to be done in isolation but in sync. Those not affluent with them should refrain.
After giving a gap down its daily chart as per Ichimoku is suggesting a retest of 1675 which also coincides with a weekly support. Large Pvt Banks appear to be seeing profit booking since Friday and Kotak Bank in particular looks weak. View negates above 1870
It has made a bullish harmonic butterfly in daily time frame. It could retest 950/1025, above that a new high. View negates below 865. Stock is coming into derivatives from March Series onwards.
LT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.
It appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137