breakout_ninja

breakout_ninja

This is a stock that’s come a long way since its high of 800 in May 2024. No surprises there—it was trading at a premium level. But you knew that wasn’t sustainable long term. Then came the pullback. A solid one, mind you. By mid-September, it dropped to a low of 475. For most, that would look like an exit signal. For those who know the game, that’s just the...

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Silver’s breaking out of a multi-year consolidation? Sure, the charts are giving you that breakout signal—a classic rounding bottom pattern. It’s a textbook setup. But I’m telling you right now, don’t get pulled into the hype. Silver isn’t your safe haven; that’s Gold’s job. When the world’s a mess, people don’t run to Silver. They run to Gold. Silver thrives...

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In July 2022, we saw the yield curve (US 10-year Treasury vs the US 2-year Treasury) go negative. It’s been in that zone ever since, and now, as we approach the two-year mark, we’re on the brink of positive territory. An inverted yield curve has a well-documented history of signalling recession. When you factor in the PMI readings dropping below 50, rising...

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When we evaluate the NIFTY 50 in relation to gold, the picture becomes less rosy. The NIFTY 50 hit its relative peak around March 24, after which gold has been consistently outperforming it. Adding to the concern, a death cross formed in mid-April, and on July 5th, NIFTY 50 broke down below the 30-day simple moving average (SMA). This begs the question: Is NIFTY...

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The NIFTY 50 index recently reached a record high of 23,100, marking a significant milestone. However, this peak is accompanied by concerning signals that suggest a potential downturn. Despite the achievement, the index is displaying weak momentum, evidenced by a bearish divergence in the Relative Strength Index (RSI) and the formation of bearish candle patterns...

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NIFTY 50 has reached a low of 21808. However, it shows signs of stabilising at this support level and may indicate a potential pullback. Additionally, the RSI shows a bullish divergence. In the event of a pullback, it should move towards 22450, which might act as a resistance zone.

breakout_ninja

The financial sector has been experiencing a persistent underperformance, notably reflected in the contrasting trends of Banknifty and Nifty. While Nifty has been consistently marking higher highs, indicating positive momentum, Banknifty/Nifty Ratio Chart, on the other hand, is showing a pattern of forming lower highs. This ongoing divergence between the two...

breakout_ninja Updated 

NIFTY50 recently retreated from its record peak of 20,300 , experiencing a 700 point drop over the past few days. Currently, it hovers around 19,650, which marks the 50% Fibonacci level. Signs of a potential pause in the selling pressure are emerging. Traders with a higher risk tolerance might consider re-entering long positions at this point, but it's crucial...

breakout_ninja Updated 

Should the price drop to 1.0667 and subsequently rebound, it's advisable to verify this move on the hourly chart. In this context, validation entails monitoring the Relative Strength Index (RSI) for two key conditions: it should enter the overbought zone, and a distinct buy signal should emerge (Buy OB). Once these criteria are met, consider entering a long...

breakout_ninja Updated 

The Indian Rupee (INR) has depreciated by 1 RS against the US dollar in the past month and is approaching its historical peak, a potential reversal opportunity. Consider taking a short position, using a tight stop loss set at the all-time high of 83.6 . This decision is bolstered by the presence of a bearish divergence, lending further support to this strategy.

breakout_ninja Updated 

Nifty 50 has experienced a robust bull run, gaining 700 points. However, signs of a potential slowdown are emerging: A bearish divergence is evident on the 15-minute chart. The channel has been breached. Strategic Move: Lock in profits and wait for favourable re-entry opportunities.

breakout_ninja Updated 

The NIFTY 50 has retraced from its recent high of 20,000 to 19,300, potentially offering an attractive buying prospect. The downtrend/channel has been disrupted today, and the chart also displays a bullish divergence.