BULLS !! Are we ready to climb the wall of worries. Daily close Stop loss 31633 with a target of 38402.
Possibility of breaking this low of 17785 and (b)reaching 17500 is more likely to clear out weak hands before Budget and expecting a sharp Short covering on Budget day But before that the downside is unpredictable. The yearly pivot is around 17000 which is also possible for next bull run till 19900 to 20000
Not expecting price to cross 61.8% retracement (33520) of the entire fall
Not expecting price to cross 61.8% retracement (33534) of the entire fall
BTC nearing target 1 116587 beforw which there might be a move to upside
Once the index goes below 29800, we might retest the support zone.
95.35 is held monthly then we are looking at an upside target of 117 and 140. If 95.35 is not held then we can expect downside level of 85
1737 may hold monthly support. If breaks then 1670 else we may see upside to 1800-1815
15862 may be resistance for the coming days. If crossed on the upside can lead to higher levels 16750. If not crossed can lead to downside target of 14350 levels
Closing above 33710 can lead to upside target of 35790 and closing below 33710 Can lead to downside target of 30181.
The performance or price of gold might determine the future price of DJI/Equities. It looks like it is 'on the balanced state and Can stay there for some time. Meaning, the ratio can be the same, prices of both Gold and equity can rise/fall at more/ less the equal percentage. Possible outcomes:- 1. If the ratio remains the same, then the rise/ fall in both Gold &...
If 33300 is not broken on the upside then we may head towards 28000 levels
If 635.50 is not breached on monthly basis then the upside potential targets are 1010, 1179, and 1290
DJI gives a potential dowside target of 29850 unless the top of 2022 is not broken.
If we close below 1212.80 level on daily basis, then the possibility of testing 1060 and breaking that will lead to test 915.70 levels. To understand or use the Fibonacci indicator try this link below
Expecting one more push on the upside and when position can be taken after a 15 min reversal below 35715. If there is no sharp reversal then no trade. To get the Fibonacci level indicator try this link
Hourly closing below 34418 can lead to new low in Bank Nifty
Hourly closing below 16262 can lead to down move towards new low