Nifty is on the cusp of it all as it has broken the 20 week average which has held for the last 18 months, except for one false break during the April 20. Is it yet another false beak or has the mid term trend reversed for Good. The possibilities are marked as per the chart.
Market is heavily oversold, as the marketwide PCR ratio has reached lowest point in last...
Due to the physical settlement of stock derivatives(Futures and options) upon expiry, the margin required to trade/carry over such derivatives starts increasing gradually from Friday of the week preceding the expiry week. Forcing traders to close their positions in the pre-expiry week causes the pre-expiry week's volatility. In most cases, it results in a...
Kotak has broken out of multi-month wave (4) triangle. The final (5) should be sharp and quick. It may try to reach the channel top which is at 2300 as the final target. A test of previous high 2049 is most likely.
Stop loss- 1624 i.e the previous swing low
With the Negative news flow it's worth looking at the bearish alternates to the view.
Either the entire pattern on Nifty since Feb is an Expanded Flat, in that case I'll keep the the cutoff level would be 40 day average. The Target in this case would be 13600. This would mean that the rise from May bottom was a corrective bounce ABC in wave (B) of the expanded...
No surprises yet from Bitcoin. E might itself be forming a small triangle. The break out lines coincide with 20 day and 40 day averages.
The invalidation level is 31225.67.
This is a long term bottom and I expect the prices to double triple from here.
Invest at your own risk.
After what was a long wait and consolidation in Nifty 50 Bank Nifty before it makes a new all time high.
On the Chart here, 5 of Larger (3) has finally started as discussed in the previous, it must agree it was preemptive. 15428 is where iii= 1 and that is where previous all time high is.
Resistance is there from a swing of 15388. In case of fall Nifty may take...
The dollar index completed 1 of 3. Whether 2 is over or not awaits confirmation, Keeping both scenarios open for the next two days if DXY goes below the previous swing low that would mean that 3 of (3) is going on else it might go above 91 and test the 40-day exponential average.
If 3 of (3) has started then all commodity prices should continue to move higher.
This is a medium-term high probability trade with an upside potential of up to 258%.
Duration- 8 to 10 months.
Multiple signs make this a high probable trade-
1) Bullish divergence in MOM indicator
2) Elliot wave (3) starting.
3) FLAG break breakout. Height of the pole is 258% hence the optimum target
There is a GAP just above the break-out zone, wait for a...
BHEL has a strong bullish setup. Wave 1 of 3 was a leading diagonal. Wave 3 after leading diagonal usually goes to 1.618 times wave 1 which is at 81.95. Breaking out of small yellow channel the stock should pick momentum again and go to 70 first, pull back a bit and then go to 80+ levels ultimately.
Inflation fears are real. With all the fiscal and monetary stimulus provided by the governments and central banks around the world creating money out of paper, keeping the interest rates low providing ample liquidity and devaluing their currency. Dollar is already in a long term bear market. All this point in one the direction that inflation is...
With the deadly second wave of Covid-19 and more and more states locking down the big cities, it is difficult to digest that the market is going to make new All-time highs and it would make more sense for the market to crash given the situation we are in. Having said that, we are indeed starting a new multi-month rally. Those who want to know the how and why about...
The chart although is self explanatory. Circle 2 ended around 4 of smaller degree and the low of the reverse channel (first drawing trendlines of the top and then parallel lines for bottoms, Circle 3 should start from here should take us to the channel top.
Perform your own due diligence before acting on this trade.
The chart is self-explanatory. The technical setup is perfect for Kopran some good business will send the stock prices to Jupiter.
It has Broken out of the resistance line from 2007, with a good volume. 1 to 1 equality with consolidation range gives us a target of 950+ in the long term
Weekly elliot waves of Bitcoin suggests going to $100,000. Before you think it's a lot and bitcoin can never achieve that. It has moved more than 1000% since march 2020 and $100,000 is just another 100% odd move from here. One correction is expected on the way. More on the future path and alternates and best entry point for long and short term trades will be...