Bump n Run are strong pattern Nifty Bank is forming one Volume: Need an exhaustion level volume for major down trend else cud be a 20% kinda pull back
Nifty after the upmove formed a continuation H & S but the breakout did not succeed and settled in a expanding triangle. Likely to be in sideways for a while. Range trading is wht we need to do now
Continuation inverse H&S breakout on weekly And supportive macro narrative after FED's indication on rate cuts could propel GOLD to 2600
Nifty on daily time frame had this large down candle and 3 inside bars and final breakdown from support Are we going to see further fall?
Hourly head and shoulder looking pattern are actually consoldiation phases Pattern should form at or below the trendline
Al though a wedge top has formed on USDINR. Reserve Bank of India may be a villian and stop Indian rupee from appreciating. i.e. stop USDINR falling too far.
Nifty has formed 3 inside bars on hourly timeframe just outside Wedge breakout Which side is it breaking out?
Wedge and a head and shoulder Bajaj finance could lose 2k from current level
This is not your ordinary pull back. The way the weekly candle is forming. It could go bat shit bad
TCS is forming either a bearish engulfing or dark cloud cover on daily. Potential short trade
Nifty is at inflection point. Macro narrative has turned positive while techinically, its nifty is retesting neckline of head and shoulder Wait and watch.
Bank nifty has broken down from double top formation at coiling at support. 44800 is key level. If Bank Nifty fails to break above that comfortably , it looking at 5k points fall
Yen reversed sharply after job opening data release in US. Most probably due to Bank of Japan intervening in forex markets Safe to assume that BOJ will defend 150 levels
Nifty formed this very classical stop hunt formation which i call Shoot and Scoot formation, Nifty is likely to retrace the recent losses and go towards 19800-20000
USDJPY is breaking out of immediate resistance It could retest swing high again if there are no premature Bank of Japan intervention
Candle formation and wedge is supporting the down ward journery of nifty towards 19k
Banknifty is going to be zig zaging towards 40k initially and then consolidate
EURUSD is likely to retrace sharp slide that happened after ECB rate decision Immediate target 1.0750