Oil price and US Treasury bond yield are rising and there is not much positive news related to peace talk coming from Russia and Ukraine. So there are chances for some kind of consolidation around the current levels. If a crash happens, like the previous 2 times, when a bearish engulfing candle formation was seen, then 16500 will be a crucial level to watch out...
Although I do expect that a faster recovery is possible in Nifty, this will be due to the cheaper valuation and the retailer capital flowing into the market. But the global economic scenarios and fundamentals are not that positive. Given the situations and economic impact due to the ongoing war and also the rising inflation, there is a high probability that the...
Market is in an all time high and is approaching some key psychological levels. We can clearly see the momentum fading away and price getting extremely corrective. There is a very high probability for the market to reverse somewhere around 16,000. Being extremely cautious and taking a step back from the market.
Buying BTC at around the current levels. There is a higher probability for a demand in these levels and the market to rebound. But I do expect more correction and is also prepared to add on to the position as price structure evolves.
Will be taking the first position around the bottom levels, i.e; around the buying zone mentioned in the chart. Since the market is very volatile and highly speculative, there are chances for more crash in the coming days and is totally aware of that. Will considering adding on to the position if that happens, at appropriate levels.
Price has moved up significantly from the crash that happened a few days back and is approaching a double top level. There is not enough momentum in the market and the move is not impulsive enough. There is a higher probability for a further sell off from those levels unless a major buying pressure comes into play.
It can be clearly seen from the price structure that the market is not moving up with momentum. There is also the formation of a head and shoulder pattern. The double top levels may act as a resistance and there is a higher probability for the market to reject from those levels and form a reversal and move to the downside.
Fundamentally I don't believe a move like this would happen, considering the rising cases of Corona and the hit that this would cause to the economy. But technically there is a potential for the price to move to the upside and move up-to the top of the channel or at-least cross the double top levels and then fall back.
Jewellery business has a lot of growth potential in India. Since Titan is one among the market leaders and there is a lot of unexplored and untapped opportunity in the unorganised section which is currently under the local players, Titan have a lot to grow as a business, in the future.
So looking forward to buy at the bottom of the channel targeting the highs...