Nifty made wave "e" low 15671 and given nearly 300 points bounce nifty made the move as expected... wave "e" is completed near 15671... and pull back in form of wave "f" started max upto channel resistance 16150 or fib ratio 50%--61.8% possible minimum required condition for bulls is to move in to the channel i.e. cross 16150 and sustain whereas bears...
MCX Natural gas trading in a rising wedge... and risingwedge always checks the traders patience... it has made pin bar at the top in 30 min chart.. breaking down of the wedge will bring weakness towards 388---380 levle
GC_$ future given a breakout from the triangle pattern and now moving towards $2050+++
Today gap down opening happened below the channel and broken down the psychological level 16000 too currently "e" wave down going on... now previous support of channel became resistance i.e. 16100--16150 For bulls to return they need to go back into the channel.... whereas bears will try to sell off every pull back... retesting of 16000--16150 possible in...
PVR mae pin bar candlestick pattern with volume and once the low of pin bar broken down... it has given free of 50 points.. never ignore the pin bars with volume
ongc made trendline breakout with volume from 175-176 levels and intraday made all time high near 189.80 In market "price" is the engine & "volume" is the fuel... more volume ..more fuel..bigger the movement..
Nifty is respecting the channel and current channel support comes around 16200-150 previous low 16203 whenever nifty doing a corrective move .. pull back is restricted to golden ratio 61.8 % after wave x... nifty doing correction in the form of waves abcde there is probability of two scenario: scenario 1: (shown with white color code) nifty completed the...
nifty future breaking of 16950--920 .. bears will activated
Banknifty future broken down the rising wedge and forming h&s pattern right shoulder formation going on.... 34600 will be important level if broken than doors will be again open for 34400--- 34200
nifty time cycle suggest that it is following abc wave pattern. currently wave "a" is on and about to complete than dead cat bounce in form of wave "b" and again wave "c" down.. so coming week expecting to be volatile with dead cat bounce and dips
copper in hourly time frame made a big h&s paatern (red color) and at right hand of big H&S pattern made another small h&s pattern (blue color) sustaining below 725 may tgt 715-710 bigger H&s (Blue h&s) has 50--100 points tgt if neck line broken (yet not broken) smaller h&S (red color_ has tgt of 25---12 if neck line broken
MCX natural gas is weak below 400 and more weakness to continue below 375 for target of 365---360
crude oil reversed from supply zone near $79 and intensified the selling pressure below our selling level $74 now downside demand zone is $67--$68... if broken than straight away $61 crude oil collapsed new Covid variant led to fears of renewed mobility restrictions, potentially hitting demand from the air travel market.
mcx natural gas abv 377 bias is positive will have more strength if breaks 385 Weak below 360 only...
#GC_F - trading in a triangle... patiently wait for breaking of pattern.. $1880--- $1670
banknifty retesting the breakdown level of channel... now previous channel support became the resistance... 37250 is the immediate resistance and hurdle for bull below this weakness wil continue
gold is weak below 49500 and weakness will continue if sustains below 49200 for target 48900 and below
biocon broke out the trendline with 3 white soldiers... and going for 3 wave up... 2nd wave completed near golden ratio 61.8% and bounced for 3rd wave.. breaking of high of 3 white soldiers will give more bullish mommentum