🟢 #RSIStair looks bullish & trading above 50. Close > ST(10, 2) 🟢 VSASAR system has given bullish reversal signal on1D chart 🔵 Good to long #TataChem with SL=835. TGT: 903/917/944
NiftyIT ETF looking good. VSA SAR system had given buy around 28.66. RSI sustaining above 60. VOLEXP seen in the ETF with volume rising 2 folds siince last 2 weeks. Good to buy now and add more on SIP basis if it deeps towards 26. 30.0 is pivot SAR resistance above which its a breakout for a target of 34/38.
Definitely I am in no hurry to buy precious metals, which can loose its sign even from current levels. Time to wait on sidelines than doing adventures. Investors should wait for price to come to their levels. Below 1675 gold is likely to give a #DoubleTop sell signal. A monthly/weekly close below 1675 will open flood gate towards 1369/1269. Text book pattern ...
Since posted Silver is down from 20 to 18.24. First target of 18.44 is achieved. Still there is enough room for down move. Nothing to be hurry to buy or accumulate the ETF's. Better one can wait with patience. 14-15 could be an ideal level to start accumulation on the correction. Otherwise I will like to wait for a VSA-SAR buy signal on a daily/2D TF before...
🟢Bought BankNifty with SL = 33168 HCB. SAR system given buy signal. Trying to surpass the hurdle. Can do 35000 if breakout sustains.
🟢Market volatile. Keeps giving signals on either side. Being a system trader have no choice than changing trades as and when new signal comes. Bought Nifty and BankNifty as HD charts given buy signal. SL = 15628 HCB.
BhartiArtl is likely to give a major breakdown below 640. As long as stock is trading below 686 it has higher potential to test 610/576/518. Don't expect targets to come in hours. But pattern is negative as off now. SAR mean reversion system given sell signal on weekly charts. Current downtrend may extend for 8-10 weeks.
🔴Nifty looks exhausted. Broken down below WTR trend line 🔴SAR-Mean reversion system is already in sell in monthly TF 🔴Rejection near 200 DEMA. Nifty is trading below major avg 🔴Below 16000 it can break swing low & head towards 14256 🔴Weekly RSI looks weak. It can become bears paradise < 40
Crude facing resistance near 124. Noticed #ThreeBlackCrows pattern near the resistance zone. If not taken out convincingly, then it has high probability of retracing till 113/106. Any trend continuation will happen after some cool off.
🟢 Stock given price and volume breakout near the 52 week low 🟢 RST- SAR system has given bullish reversal signal on 1D chart 🔵 Will buy here with a small quantity for long term investment
Seems like worst is not over. Breakdown below current levels will confirm a #DoubleTop breakdown. Leave about targets. Its high time to say bye bye to bitcoin at all cost. Next accident could be harsh than one can think of.
🔴Fear of recession hits well known names in cement sector 🔴ShreeCem is available at deep discounts. (41% from ATH) 🔴Trading below prepandemic highs near the demand zone 🔴Good to buy in trenches at 19000/18000/17000 #LongTerm
🔴Dow oversold. But its a relative term. Weekly RSI < 40 (36) 🔴SAR-Mean reversion system has given sell signal in weekly. 🔴Price trading below major moving avg in daily & weekly TF 🔴Below 31148 it can break swing low & head towards 29731 Since 2021 DOW - Khaya piya kuch nahin glass toda bara ana.
🔴SPX oversold. But its a relative term. Weekly RSI < 40 (34) 🔴SAR-Mean reversion system has given sell signal in weekly. 🔴Price trading below major moving avg in daily & weekly TF 🔴Below 3855 it can break swing low and head towards 3400 🔴JPMorgan sees levels of 3400 which is pre-pandemic highs.
🔴BankNifty looking exhausted. Trading below 20/50 WEMAs. 🔴SAR-Mean reversion system has given sell signal in weekly. 🔴Price rejection near 200 DEMA & trading below major avgs 🔴Below 34094 it can break swing low & head towards 30635 🔴Weekly RSI looks weak. Formed #EveningStar LHLL pattern
🟢TrendRider turning green giving buy signal. 🟢Price is stabilizing near oversold territory. 🟢Good to buy in trances with max 2% allocation
Indexes are on steady decline. I will use the opportunities to buy index ETF's and pledge them for trading as collateral. Keeping that in mind, I have plans to accumulate #SBISENSEX ETF around 555/526.9/499/453. Will increase quantity on lower purchases. While we don't know the bottom, one thing is for sure indexes will move higher in few months or years....
🟢 Major US/Europe market #RSIStair > 60/55. Prices > ST(10, 2) 🟢 RST-SAR system has given bullish signal on QD/HD/D/W chart 🔵 Whereas Nifty is far behind and is yet to do a catch up move 🔵 Call IV and premiums are very low as CE writers still holding 🔵 Sustaining above 16409, #Nifty move can be sweet and fast.