Money_Dictators

Money_Dictators Updated 

Hello traders, It is a quick update about Asian paints. Security has made a downward channel. After the rectangle breakout, it made another rectangle pattern. The 3033 level is an essential support level to keep an eye on. A breakout will intensify the bearish atmosphere. We can expect a new low based on the price action of the second rectangle pattern If...

Money_Dictators Updated 

A new resistance has come through ICICI Bank and the price has moved downwards from there. A good bullish move was seen in the market when the resistance was broken by the market. A good move to the downside can be seen if the market breaks the 915 level. Strong resistance currently acts as strong support. If the market cannot break the level of 915 then the...

Money_Dictators Updated 

TF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level:...

Money_Dictators Updated 

The business cycle describes how the economy expands and contracts over time. It is an upward and downward movement of the gross domestic product along with its long-term growth rate. The business cycle consists of 6 phases/stages : 1. Expansion 2. Peak 3. Recession 4. Depression 5. Trough 6. Recovery 1) Expansion : Sectors Affected: Technology, Consumer...

Money_Dictators

Recession is a scary word for any country An economic recession occurs when the economy shrinks. During recessions, even businesses close their doors. Even an individual can see these things with his own eyes: 1. People lose their jobs 2. Investment lose their value 3. Business suffers losses Note: The recession is part of an economic cycle. If you haven't read...

Money_Dictators Updated 

BPCL looks bearish as it falls below 399 support and goes back 5 days. BPCL made a big belt candle and started falling. According to past performance, if the trend is weak, the price will make a bunch of bearish candles. The swing dealer can wait for the T1 356 to break. But if the market breaks the level of 399 , there may be a bullish movement in the...

Money_Dictators Updated 

BEL has completed impulsive wave 5 at 258 and started declining for corrective formation. BEL has completed corrective wave 5 of C of B at 250 . Now, BEL is forming lower degree's waves of wave C. If it sustains below 245 , BEL can fall for following support levels: 235 - 224 - 215. Wave C can complete near 100 of wave A at 215 . It is called A=B . I...

Money_Dictators Updated 

WTI has been forming a flat A-B-C correction. According to Elliott's wave projection, the oil future looks bearish. Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal. The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal. If you are a safe trader, you can...

Money_Dictators Updated 

What are derivatives? Basic interpretation : something which is based on another source. A derivative is a contract or product whose value derives from the value of the base asset. The base asset is called the underlying asset. i.e., Sugar prices will rise if sugarcane prices increase due to low production. It means sugarcane is the underlying asset of sugar...

Money_Dictators Updated 

Asian paints have completed three red crowd patterns and started small corrections. Asian paints strong support is 3052. and I think if the market breaks support it can go up to 2936. If the support is not broken, the market will move to the 3150 level. T1= 3150 ( if the market will not break support ) T1=2936 ( if the market will break support) Thank...

Money_Dictators

A descending triangle appears in Adani Green Energy. This pattern is seen to start with a market high and then the market makes a new low, then the market makes a higher low and a lower high. When the market breakouts the channel, bearish power is seen within the market. The market is likely to make new lows. T 1= 1939 T 2= 1858 SL =2124 Thank you @Money_Dictators

Money_Dictators

Balrampur Chini has been treading in a channel for a few days. Support and resistance are given by the channel. If we talk about the stock, the bearish engulfing pattern is seen and bearish power is seen forming this pattern. At present bearish engulfing pattern has been seen across the resistance. So the market may go down and a little pullback may also be...

Money_Dictators

If we talk about Dawat Limited, the market is seen in an up trend and there is a good movement on the upward side as buyers come into it. A channel provides support and resistance and creates higher highs and higher lows. A dark cloud cover pattern is seen and then the market moves to the downside. A level of 108 represents strong support and a level of 134 ...

Money_Dictators Updated 

Daily: Nifty rejected bullish momentum from 200 EMA and closed below 50 EMA. The big candle is evidence of supply pressure. 16841 is the pivot point because it has worked as support and resistance eight times. Rejection of 17841 is a clear signal of resumption of a downtrend. Bulls have to keep prices above this level to overcome supply pressure. However,...

Money_Dictators Updated 

Hello Traders, Today we will talk about SBI Life. We are seeing cup and handle patterns in SBI Life in 4h time frame. And cross the level of 1159 in that then you have to buy and your stop loss will be 1113 . Traget ( 1160 -1168-1180 ). Thank you! Money_Dictators Disclaimer: This is NOT investment advice. Invest your capital at your own risk.

Money_Dictators

Hello Traders, I am Talking about Bajaj Consumer Limited, a strong support and resistance zone is visible in it in the daily time frame. The market had stopped at resistance with a strong sell-off, then came back to the resistance, that zone is not able to break, then the market is visible on the side zone. Now the market has made a strong hold on the level of ...

Money_Dictators Updated 

Hello Traders, Talking about the share of Blue Dart, an ascending triangle is seen in it. So if we talk about the market, then 7497 was its first high. After touching the highs, there is a continuous decline in the market. After the fall, its support level was 5441 . After touching that level, the market seems to be going up continuously. When the market...

Money_Dictators Updated 

Bajaj auto looks bearish in the daily timeframe chart. On Tuesday, It has given a breakout but couldn't hold the supply pressure at the upper trendline of the correction parallel lines. The breakout became fakeout! Bajaj auto has created a big belt candle and started falling. According to past performance, If the trend is weak, then the price will make set of...