anubhav_karanseth

anubhav_karanseth

Gold has been travelling in an ascending channel since July 2024, when China started buying in large amounts. It has formed a textbook cup-and-handle pattern by taking support from its previous resistance of 73800, by forming the cup's bottom. Cup and handle range of approx 7.2% might take it to the channel's top, which co-incides with Fib 1.6 level of 84000....

anubhav_karanseth

Nifty 50 is travelling in a descending channel from all time high. It has broken the mid-point of the channel and can drop approx 4% more to reach the bottom line. NSE is conducting a special trading session on Saturday 1st Feb, when the new budget will be presented. This co-incides with the bottom of the channel, so I expect Nifty to drop approx 4% more in the...