About meI have been in the financial market since 2018. I do swing trades in Indian and US Stock Market and also Crypto Market. In forex, I'm more of a day trader. For swing trades I use patterns and for day trade in forex I use momentum trading methods.
There is a higher probability for a reversal from the short-term double top levels. The price of crude oil in the international market is expected to rise in the coming weeks. The inflation worries have also not subsided. The fact that the market has peaked, in spite of all these factors, adds to the possibility of a reversal in the price action, in the coming weeks.
A short-term reversal move can be expected due to profit booking. The market has also peaked and there is a chance for the crude price to increase in the coming weeks. This can also affect the stock price adversely.
Oil Price is expected to average at around $92 within a few weeks. Then depending on the global cues at that time we can have a much clear idea about whether it is going to rally further or crash.
This is going to affect the profitability of the oil stocks in India and will affect their share price adversely.
Oil Stocks rallied in the past few days mainly due to the fall in international crude prices. This will in turn increase the profitability of the Oil Companies. But this scenario won't exist for long. The oil price will rise within a few weeks and the domestic oil price will not increase accordingly due to multiple factors like preventing inflation and the...
Expecting a deeper crash in the stocks and in the whole sector. The market has peaked and there is a potential for profit booking to kick in. The inflation worries have also not faded out. If there are no signs of pivot from the FED as expected, in the coming week then all the gains will reverse.
Considering that the recession scenarios have not subsided we can maybe say that situation A is more likely to happen.
But we can also consider that the worries about the recession are already priced in and the market already factored in the worst. In such a case situation B also have a possibility. What is your take on the same?
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.