Dow jones opened gap down in similar fashion at similar levels. Is this end of pull back
#ETHUSDT - Ethereum is forming a double top on hourly chart close to supply zone Will it breakdown?
Nifty has formed a strong bullish engulfing around its immediate support level Likely to consolidate between 16500-15500 and form a bearish flag before taking a next leg down
Nity double top break out is confirmed. It may have some pull backs But immediate target is 14200
ETH perpetual has broken the hourly trendline and has formed H&S on 15 mts . It could pull back to 2700 levels before commencing its downward journey
Nifty has broken down on weekly chart from an expanding wedge and a doble top is nested inside that wedge Looks like a powerful topping pattern. Beginning of the bear market?
USDINR - Indian Rupee is in real danger of collapse. RBI has been sleeping at wheel with their loose monetary policy. Hourly ascending triangle breakout near key level of 76.
With oil shooting above $100 a barrel, Indian rupee is on the edge of precipice . @RBI 's loose monetary policy and loose talk on never raising rates is going to push the Indian rupee from the clif. #Nifty #nifytbank #USDINR
If nifty holds below 16500 this week could complete the double top formation. That will be very bearish and that could be beginning of a multi year bear market.
Bank Nifty if it breaks the channel could go below 30k and test 28500
Gold's sharp reversal tells us that market does not care and ready to move on from Ukraine war.
Nifty is coiling with volatility due to geo political risk, I either sit out or Buy dip and sell rip with tight stops Retail traders will be the last one to get the news so got to trade selectively.
Nifty if ends up forming a harami today. That will be the successful shoulder re test of the continuation head and shoulder. Nifty fall over?
Although ICICI Bank chart is forming a Bullish pennant, global market narrative is not in favour of bull markets at the moment
HDFC - Forming a classic double top. A breakout below 2365 will complete double top which could send the stock down substantially
Airtel forming a head and shoulder pattern and wedge pattern is nested inside right shoulder. Watch out for price breaking out of the wedge. There is going to be good trading opportunity here.
Bank Nifty - Likely to break out of the wedge . At the moment global market narrative favors breakdown below 37500
Gold looking to go down and probably break the symmetrical triangle on downside