TheWizardsZone

TheWizardsZone

If we look at the short term Daily Chart of DXY, we are clearly in a downtrend. As long as the trendline is not broken on a sustained basis, we expect the downtrend to continue with eventual big breakdown below 87.5 as we see on the weekly long term chart.

TheWizardsZone

Down Trend is continuing and we await major and sustained breakdown below 87.5 for further confirmation of the trend.

TheWizardsZone

If you look at the 10 Year Bond Yield Charts, corresponding to the US 10 Year Treasury Notes chart, it is currently just in the process of retesting the breakdown. As long as US Bond Yields does not sustains above 1.45%, the major trend is down.

TheWizardsZone

We have witnessed worldwide correction in Equities last week. The same has been driven by growing concerns of inflation and rising US Bond Yields (and corresponding fall in Bond Prices). In this chart, I have analysed in details the 3 possible scenarios which can play out with respect to US 10 Year Treasury Note. This will have direct impact on FII flows in EM...

TheWizardsZone

Last Monday's run away gap has now been filled and today Market has taken support after filling the gap....if we now hold 35,800 risk reward may be in favor of taking a long position

TheWizardsZone

Raymond has given a breakout with huge spike in volume. Go long with SL below 355

TheWizardsZone Updated 

Bank Nifty after a sharp fall yesterday..pulled back was exactly 50%....now downtrend resumes...if we go by yesterday's dip wave size then it takes us to 36k levels which will also be an attempt to fill the gap. I will be watching if Bank Nifty sustains below 36800 to take a ride to 36000

TheWizardsZone

Super breakout on Cards. PSU Sector is also looking rock solid. Can get rerated

TheWizardsZone

After posting a solid set of Q3 numbers, stock correctly sharply over the last few trading sessions. It took support exactly at 55 SMA yesterday after a sharp sell off driven by news of CEO resignation. With Hands on promoters, I think resignation of CEO will not have a big impact on the Company and hence the stock is offering an interesting entry opportunity. We...

TheWizardsZone

HPCL is gearing up for a strong breakout above 240...watch out

TheWizardsZone

If we look at 10 Year Monthly Chart of US10Y Treasury...the current move is just a retest of breakdown

TheWizardsZone

I had posted a Reliance chart at the bottoom...now waiting for a sustained breakout above INR 2,100 for next leg of the upmove

TheWizardsZone

Looks likes the stock is finally ready to move into a new orbit after 6 months of consolidation.

TheWizardsZone Updated 

Stock has made a double top...results were a miss....expecting a correction towards 55 SMA

TheWizardsZone Updated 

If the support holds...we can see a big upmove in days to come

TheWizardsZone

Any disappointment in the results may lead to a big correction in the stock.

TheWizardsZone

Motherson is setting up nicely for a breakout above 175-178 zone on weekly Charts. The Company is going to declare results on 11th February. If it is able to breakout and sustain above the 175-178 zone post results then we may see new lifetime highs in this name in coming days

TheWizardsZone

While Nifty has broken down, Bank Nifty is still trading within its boundries