Recent months have seen a major correction in most of the emerging markets across the world. As per this basket chart of index the fall has reached COVID 2020 bottom, a reversal or consolidation to follow. If broken many overstreched markets could enter short term bear market
Price has broken horizontal range and probably forming a downward sloping channel RS turns negative indicating short term fall till consolidation zone of 1725-1855 Key levels 2050 low of horizontal channel 1978 last swing low* 1855 last breakout level
PVR is at crucial zone of previously help resistance area which couldn't hold up as support in previous fall. the zone needs to be cleared with strong bullish candle for further upmove else it can remain in this consolidation range of 1290-1460 in short term. No dema providing support as of now.
price breaks out of daily consolidation with next resistances at 545 and 633 beyond that a major breakout of long term saucer for multi bagger returns. current pattern invalidates below base of consolidation
Bat could form in cotton commodity Short term downtrend before bullish bat kicks in. Check for dependent equity also that may see windfall gains or margin depreciation.
Trent is at trendline support RS is still positive RSI should reverse from here for a new upward journey else it will form a bearish divergence and probably trendline wont hold on.
Shark expected in ETH and showing a large correction in coming months PS It is very early drawing and the view could go horribly wrong.
RS is at neutral level, bullish flag is retraced 61.8% and price at medium term moving average. Price may consolidate and form a base before fresh rally.
SRF respecting the trendline for more than 3 quarters, possibility to retest resistances in this quater if trendline holds.
GRSE broken a long term resistance with volume build-up. Consolidation range 80 points.
AUDNZD can witness an upmove from area of support towards next resistance then price action may see a pullback or consolidation before further strech towards a rally.
cautious long trade can be initiated in USDCAD pair
Textiles are picking pace post pandamic, Zod seems comfortable placed to travel up.
pattern target of 15% looks good to achieve breakout and price retested it
Typical before a blast price doing timepass in a very narrow range with low volumes. View negated below 2024 clbs.
Price bounced back after consolidation and retracement. Good to hold for longs.
Confluence zone is getting retested by price, could be a turning point. It must go into consolidation for a month at these price for bottoming out.