hitendravasudeo

hitendravasudeo

Volatility range 49927 -47063. On fall and close below 47063 can show effects of negative divergence. Overall, for near term must hold 47063. Currently underperformance to NF is visible on relative terms. Further sustained breakout and close above 49927 is essential for upside momentum. Critical support 47063 needs to be held for volatility or consolidation.

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NIFTY WEEKLY CHART HAS PROVIDED BREAKOUT. AFTER FEW WEEKS OF RANGE BOUND MOVEMENT BETWEEN 22899 and 21798. Expect Fib-Projection can be tested

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If it is A-B-C or 1-2-3-4-5 from March 20 low, NF cold be heading towards 35K by May'27 with volatility and intermediate structure of troughs and peaks 26K by OCT'24 Possible 35K between OCT'25-MAY'27 Intermediate structure can change on its progress to higher levels. Therefore, daily and weekly Oversold on RSI whenever happens could be opportunity.

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Observational pattern shown by vertical lines. Register the observation. Whenever such pattern is observed bearish strategy can be adopted irrespective of mtm. Negative Divergence on RSI. RSI exiting overbought zone. RSI below its average. MACD turns down below it average. For near term retracement of the last corresponding rise.

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50% retracement tested. Now if 23.6% projection if crossed then can resume back the rise towards the peak. 44000 key breakout point for near term short term Swing bottom 42067. RSI exited oversold zone. RSI trying to get into momentum as it trying to get past 50 mark. Fib Proj the upside if 42000 is not violated. expect consolidation as long as 42000 is...

07:27

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Trend analysis RSI point of View Higher Top and High Bottom Sequence breaking. Dow Theory reversal could be happen. Negative divergence confirmation if lower high and lower low with bearish candle is witnessed. Can lead to retracement initially to 23.6%

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Trend Line breakdown is witnessed. Negative Divergence on RSI Seen earlier. MACD trigger averages. Swing top has been formed earlier with lower high and lower low. Bearish candle observation seen in last few days.

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if remains above 184 then expect near term breakout. Fibonnaci projection could be test in due course of time with volatility. An observation of trend line breakout.

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Major Based 16800. Short term base 18600-18500. Upside if sustains above the base-18600-18500 expect gradual up move. Even if correction is below. 18600-18500. Angle of ascent may change but eventually will move higher. Corrections will be for volatility and to create higher bottom on various time frames.

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If 38.2% is the first phase of the rise then how much will be 100% rise. If 25% time it took to do 38.2% rise and then in 100% time how much rise it will do

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Breakout appearing. Intra-month correction if any to monthly pivot or S1 could be opportunity. Objective for the stock could be to move higher towards projection

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5 Week Rate of Change turned up. Turned above zero line on week ended 22/06/2023 Since then it is above the zero line. In the supply zone created by the earlier peak of 19031. The supply zone is 19031-18557. For last 4 weeks, SGX NIFTY in the supply zone. Support of 18500 critical. A fall and close below 18500 with bearish candle can lead to...

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A correction of the rise from C to D for E is likely. Retracement of the rise from 16899 to 18975 are placed at 18490(23.6%) and 18490(38.2%). Ideally must hold these levels. If it does not then next retracement levels 50% 18186 and 61.8% 17693. The correction if extend to either of these levels will depends on correction momentum. Higher bottom will be...

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DJIA Breakdown has been witnessed on DJIA Our Dynamic Trend Averages - Orange and Green showing down trend as Orange < Green Our Lagging Trend Averages - Blue and Red showing down trend as blue < green Breakdown below 32500 has been witnessed. RSI is below 50 since 16 Feb 2023 closing of 33696 and since then RSI is below 50. RSI is now at 31.25 and DJIA at...

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NIFTY50 Expect peak of 18614 to be tested. Resistance will also be around 18614. If breakout and close above 18614 is successful, then expect rise toward 18988-20364-20745 in due course of time Support will be broadly at lower levels as long as 18000 is not violated on closing

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SGX NIFTY The october 2021 peak is now being tested which is in the range of 18500-18600. Volatility, correction and consolidation can be said to have happened in last 1 year. RSI is above 50 therefore trend is up Lagging is showing an up trend as Blue Line > Red Line. If breakout and close above 18600 is witnessed in near term successfully then expect a rally...

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DJIA Trend line breakout situation has been witnessed. RSI > 50 but showing minor negative divergence as it exited the overbought zone. Price rise currently not support by rise in RSI. Trend line breakout may take DJIA to 33800-34200 range which is marked with horizontal line. Overall as long as 31800 is not violated, volatility, correction and consolidation...

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SGX NIFTY HOURLY CHART RSI hits the overbought zone and tested the earlier peak of 18314. High registered till 21.01 pm ist is 18350. Expect resistance and profit booking for minor correction or consoidation to lagging blue and red line before moving higher. On further sustained rise and cose above 18350 expect a rally towards 18502 as shown in the chart.