As far as I can see Tata Power has been ranging for a very long time, and the value-based playout looks quite similar to buying at 180-190 and selling at upper troughs.
I have marked the demand zones for Chola fin. It's an easy 10-20% from the demand zones, the trend isn't much strong but we will be playing a reversal so the risk to reward is quite high.
Dollar Index has corrected which is a good sign for stocks and crypto, but currently, it shows a good POI at 102-103 we will have to observe how it builds its base here.
Bitcoin has been moving in a downward trend for quite a long, we can see a bottom around 10-13k where the accumulation should be tight. #bitcoin
Amazon is the first company in history to have a 1 Trillion $ drawdown in market cap.
Bank Nifty can show us great strength today after looking at the candle closing, if we see a gap up opening we can easily pierce through and reach a target of 43,800. We might not see it happening if we open a gap down then we might surely see a new low.
Ethereum Update: 1) On May 16th, 2022, 30,000 ETH was transferred by Vitalik Buterin and ETH dropped from 2100$-888$. (59%) 2) Yesterday 25th, November 2022, 40,000 ETH was transferred almost worth 47.7M$, eth might hit 500-700$ soon. #ethereum
Ethereum still looks great to short with less leverage. IMO it's easy for Ethereum to crack down more if we see a daily candle closing under 1005$ we can test lower levels easily. Accumulation Zones: (500-600$) 1st Accumulation Zone. (800-920$) 2nd Accumulation Zone.
Ethereum successfully broke out and printed some nice gains, now the zones from which it might get rejected are mentioned let's wait for that and ride the move.
Curve Dao Token has been consolidating since 299 Days and it shows it might continue to do the same until market stabilizes. Accumulation Zone- 0.57$-0.87$ Sell Zones- 1.80$, 2.50$, 3.20$. Expected Returns (1-5Y)- 100-400% It's a leader of DAO keep some allocation of your portfolio into it. #bitcoin #ethereum
ADANI POWER shows it's again moving in a downtrend fractal, once the fractal is over and if the 327 level stays safe we can see mass volume coming up and price making a new leg up. #adanipower
This imbalance gap was supposed to be filled and it did now we can expect some relief rally or a rebound post which the market will again bleed.
DXY has an inverse relationship with the stock and crypto market 120 is the zone where we can think about accumulating long-term stocks and crypto even mid-term would work.
I barely think HDFC bank still has a drawdown left anymore, 20% correction is quite a lot, I surely see some reversals and recovery from here rest uncertainty has no ends.