hitendravasudeo

hitendravasudeo

Critical support around 200 day averages. Last Support demand points RSI hit oversold and exiting for a swing bottom.

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Possibilities Critical support zone. Possibilities of flat, triangle if support zone is to be held of 550000 breakdown can lead to a deeper correction. In that case can extend to retracement of rise from March 20 low to the current peak. 50%-61.8% if breakdown is seen. If recovery has to happen then now or from 550000 critical event budget and election for...

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SGX NIFTY RSI hits oversold Retracement if smaller leg. If 61.8% retracement violated further then look for larger rise retracement 23.6% at least.

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DJ chart snap shot Support need to be found at 61.8% as shown in the chart and at horizontal line. RSI approaching oversold on daily. If crash get vertical to break retracement 61.8% and horizontal line then expect down retracement as shown. Hope to find support at horizontal line

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A trend line breakout is being witnessed. If sustains can seen higher price towards the horizontal line. Post Trend line breakout , it must not move below the trend line

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Violation of support after multiple tops. Expect support of black line to be tested one by one as it comes till reversal bounce back is not seen from either ones.

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Breakout attempt. If successful then expect a rally which could mean pressure on equities

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IS IT LOOK FOR MULTIPLE TOP FORMATION The same would get confirmed on violation of support. A rectangle if breakout is seen for continuation pattern. The momentary bias is to put pressure on support and rising trend line.

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NIFTY FUTURES The horizontal lines shows the support and resistance. The resistance is at 15950. Further breakout above 15950 is essential at the earliest. Earlier peak range of 15430 has offered support. Earlier resistance is now support. The same was witnessed on 18th June 2021. Immediate support is at 15659. On fall and close below 15659 expect a slide...

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SGX NIFTY Expect volatility between 15950 and 15413. Immediate support is at 15658. Support will be under pressure. RSI is falling whereas price progression not happening. Resistance comes from the horizontal line. Breakout and close above 15950 is essential at the earliest. MACD is below it average which indicates that momentum is being lost. Profit...

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BSE 400 MID SMALL CAP Negative divergence on RSI Resistance of 6118 and 6128. Resistance needs to get crossed for continuation of rising trend. Violation of trend line with bearish candle can lead to a reversal for correction to test the one of 5800. Trend line are around 6000. Volatility as long as 6000 is not violated with larger bearish candle its...

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DJIA Trend line breakout is visible. Expect the recent peak of 35075 to be tested. A few days back, RSI was in oversold and swing bottom was formed subsequently to get an up trend. In near term to short term if breakout above 35075 is witnessed then expect a rally to 36174. DJIA needs to hold the trend line support of 34498 to expect positive behaviour in...

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Shiba USD A rounding bottom formation is developing. Volumes have shrinked. RSI has started moving up. As long as 0.00000550 is not violated. Expect gradual ascent in price. Volume should rise along the rise now. Resistance is at 0.00000986. Breakout and close above 0.00000986 can resume the process of the other side of rounding bottom which is...

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SPX Negative divergence on RSI Further rise for upside momentum is above 4260. For near term to short term, exit long and sell till 4260 is not crossed. Trend line support might try to protect the slide. If sustains below the trend line then expect 4061 base to be tested. Next best opportunity to invest and start new long trade is only when RSI hit oversold...

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NIFTY Support is at 15375. RSI for near term is already showing a negative divergence. It has also exited the overbought zone suggesting that near term correction to sideways volatility may be see as long as 15375 is not violated or close below friday's low of 15465. Once breakdown is seen below 15375 expect the correction to extend down towards 23.6% of...

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ETH USD Need to survive above the trend lines and move higher along with RSI oversold as it happens in near term. Violent trend line breakdown with volume could lead to crash. It do or die for ETH USD. Consolidation must happen on or around the Trend line along with oversold if it happens.

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Dollar Index RSI is inoverbought on daily chart. The base for Dollar Index is 90-88. Falling Dollar Index is generally helps the equity market to move up. Remained flat between 90-88 help as well. Now Dollar Index has been up as seen in the chart. Daily chart gets in Overbought. The trend line resistance is around 93. The lower top is 93.44. The supply...

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USR INR Resistance of 73.3150 is being crossed. RSI moving higher now after become oversold some days back. In oversold USD INR was under 73. Now aims to move towards overbought in near term to test resistance of 74 or above