Looks like traders expect no more inflation raise and no more Rupee fall India's sovereign bond yields of 10YR maturity is falling from resistance
Reliance -RIL - facing confluence of resistance. Windfall tax causing damage? Will it break below 2500?
Indian Rupee has depreciated considerably against USD for a while Horn Top is forming on weekly. IF this formation holds Rupee will see a relief rally that could take it to 78
TATA steel Consolidation bear flag could reach 120 Afterwhich it could decide the trend direction
Axisbank has broekn out of H&S and retesting the rectangle support Could go beyond 1000 and reach 1200
Bot some at 7.5% yield will add some more at 8% RBI need to stop managing the yield
TCS if breaks down can easily lose 1000 points Clean double top and pullback forming a lower swing low
Nifty IT index has broken down from neckline of H&S Target is 28400 however it could coil at 30500 for a while before starting the downward journey
Banky nifty is close to neck line of weekly H&S Will it breakdown.
#Nifty Hourly- will it break the neck line of hourly H&S. @RBI governor speech (2.pm today) if it is hawkish, then Nifty will mostly likely go down towards 16k
HCLTECH has formed a double top. It broke down from the neck line again today. Price actions seems to be confirmed sharp fall #nifty #niftybank #usdinr #hcltech
#nifty #niftybank #USDINR With US GDP contracting for first quarter of 2022, the markets will likely enter a "bad news is good news" phase Any bad news on economic front will be seen as negative for interest rate raises and monetary tightening. Nifty is likely to re test 18K
#Kotakbank is forming a major descending triangle close to major support zone. Descending triangle breakdown if succeeds it could go to 1000 while a pattern failure- failure of descending triangle cud send it back to ATH
Nifty is breaking down from steep daily TF trendline. The pull back to 17200 is possible
Reliance is forming a rectangle on hourly timeframe after breaking the steep trendline. uptrend over?
Silver is forming a nice H&S and nested H&S IF price breakout of the rectangle at the right shoulder it could go higher
Steel stocks are on fire along with other commodity related stocks Will the break out sustain
ETHUSDT is forming a wedge bottom. A similar formation last time resulted in a very good upside. Will it breakout and move up this time as well?