anmolteja

anmolteja

Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.

anmolteja

Every decline on SHCOMP is a BUY for long term with stops below previous major low. Analysis on charts.

anmolteja

Is this a fundamentally driven move (not a bubble, sustainable) or Papa Powell printer move? More chances of the latter.

anmolteja

Put call ratio suggests the index is in a euphoric overbought state. Any confirmation of reversal on price action should limit the further upside. Could be a near term or a long term top. Breakdown of this trend line breakdown should bring a good correction.

anmolteja

Targets and SL on charts.

anmolteja

Stimulus has already been priced in.

anmolteja

If you see daily charts of USD INR you can see a breakout happening from the narrow range of ~70-72 after months of accumulation. Now it's ready for range expansion. Monthly charts are giving clear indication that price will touch the upper range of the channel in coming months/years. Can look for long trades.

anmolteja Updated 

Can go short for given targets. If there's a pullback tomorrow then would get better RR.

anmolteja Updated 

Resisting top of this channel for 4 days straight. Can be shorted with SL being daily closing above the channel for targets around low of the channel

anmolteja Updated 

Yes Bank is very likely heading towards making a new all time low if the minor support of 45 is broken. We are seeing the same pattern in price action as we saw in August-September. It has not given a closing above the upper trend line since the start of this channel. We can only expect to see an upwards move if we see a closing above 57 on daily chart with heavy...

anmolteja Updated 

Equitas is trading in a parallel downwards channel. It formed a bearish harami candle on daily charts. Price rejection can be seen from top of the channel. Shorts can be initiated at CMP with easy targets of 100-95-90. Stoploss can be kept at a closing above the upper trendline.

anmolteja Updated 

Bharti Airtel is breaking it's range (~340-380) slightly due to speculative/news based buying which doesn't seem sustainable. Short orders can be placed if it dips below 375 for targets of 340-335. Also, all the news channels seem very bullish on it which according to my experience means there's a high probability it will fall.

anmolteja

Short trades can be initiated on EUR INR as correction is due after ~3 weeks of rally. Strict stop loss should be placed as it is currently trading above 200 EMA on daily charts. I'd recommend trailing your stop loss once it starts moving in our desired direction.