hitendravasudeo

hitendravasudeo

EURO USD Resistance of 1.19944 need to get crossed. A breakout and close above 1.19944 can set a rally to 1.20223. Currently in the sideways phase between 1.19944 and 1.19511

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Monthly Chart DJIA

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SGX NIFTY The fall on 12/04/2021 was from 14907 to 14279. SGX NIFTY does not have the gaps like we see in NIFTY. On account of long trading hours for SGX NIFTY gaps are not witnessed. The recovery shown on 14/04/21 is like a follow up rise to the Harami Black candle. Reversal can be witnessed above high of 12/04/21 -14908. Ideally 15058. Resistance and...

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S&P 500 Up Trend is being witnessed. Post Breakout above 3954. The implication of breakout above 3954 is 4101 and 4289. The level of 4101 is crossed and the same was shown in our earlier update on S&P 500. A rising channel is now visisble. Near term correction or sideways volatility may emerg if close below 4123. Expect a gradual move towards 4292 with...

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UPS United Parcel Services Inc A sideways band has been witnessed since September 20. The range has been 178-155. A breakout attempt has been witnessed. The sideways movement can also be seen as rectangle. The breakout implication can be Fib-Retracement of the fall from 178 to 155. Resulting in to the target of 192-216-255. For near term to short term can...

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Nifty 50 Hourly Chart for balance part of the day 12/04/2021 Support-Around 14350-14260. If it bounces ok othewise sl to 13964-13672 on demand zone. Next In Next few minutes to decide the trend is down and if bounce comes ok otherwise slide further

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BSE 400 MID SMALL CAP After a struggle to keep the index above 4936 level of support. The index manage to move up. It outperformed Nifty/Sensex. It is back to test the earlier peak of 5330. Once again a crucial test. A shooting star at the peak. Breakout and close above 5330 is essential now. Any lower high and lower low tomorrow below today low of...

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USD INR Trend line breakout and falling wedge breakout has been witnessed. Expect 74.93 to be tested in near term. Support can be at 74.05-73.90 and 73.61. RSI get into the overbought zone. Acceleration towards 74.93 could be seen for resistance and profit booking by long position trader. As long as it remains above the trend line expect accumulation for...

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Nasdaq Let see how the resistance gap is tested and crossed. If the breakout above the gap is sucessful then expect rise to test extended to the upper channel line and the peak. Attempt to test the gap could be tested.

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Bank Nifty Support of 32391 under pressure. If it has to recover then from the level of around 32391. A close below 32391 today can lead to slide towards 30957 and lower

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Breakout witnessed For Cup and Handle For Inverted Head and Shoulder Effect of the same could be towards the retracement as shown in the chart. Must remain above the yellow line

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S&P 500 Higher top and Higher Bottom formation continues Expect rise to 1.618 level of 4135 in near term with volatility. The January 2020 breakout impact is for 4125. The recent top Feb'21 and March 21 breakout impact 4135. Market could witnessed a rise towards the same. Indicator like RSI has yet to rush into overbought and its overbought momentum as...

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ETH USD Daily Chart Breakout along with FIB Retracement Earlier occasion breakout with FIB Retracement shown and its impact. If Breakout now is successful then expect the Fib-Retracement as shown in the chart to be tested.

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ETHUSD ETH USD Breakout attempt is being witenssed. If remains above 2041 then retracement of the last fall. The depth of the valley will set a rise towards 1.618 level of 2613 in near term to short term

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Resistance breakout essential and till then wait

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Ethereum/USD If sustained breakout above 2042 is witnessed then expect a rally to 2525 in near term to short term. Support of 1948 must be held if sustained breakout above 2042 is to be witnessed with minor volatility.

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Possibilities

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BSE 400 MID SMALL CAP Good to see support coming at correct time for BSE MID CAP SMALL CAP 400 index 4936 was the support it held on to it. Cross the resistance of 5191 to end the correction. Expect 5330 to be tested and witnessed resistance around it. Once the next breakout above 5330 is witnessed then expect rise towards 5589. The higher top and higher...