TFCI: Failed H&S and now breaks up trendline
USDINR: Looks like a good resistance at 66.1
Nifty : Hypothesis for Oct : Potential bounce and then right shoulder for a crack in Oct !
Me thinks markets are ripe for a bounce in this intermediate downtrend
Almost tripled in 3 months.... MUST MUST allow winners to run.!
What a beauty decade long rounding pattern with a breakout post its recently released results.... Looks like a new all time high should be coming soon....
But for momentum players this is the last straw...Any stock that is hitting ATL (All Time Lows), is certainly an exit candidate for now at least.!
While a major flag was playing out in GOA with target above 500, another intermediate flag has also developed within the larger one... With an all time high break out , this one surely looks headed NORTH rapidly!
If this flag were to hold, It should easily cross 500 and go for its target at 572.
This is what a system helps you avoid when your entry and exit are clear as crystal!
The second band of resistance is also almost done already!! Is this going for a new high !!
If gold were to move at the same pace as in 2010 2011 from here, we can hit a new high by Apr 2018!
The right shoulder which the whole world must be watching will be completed in the 1375 area... Once we reach there consolidate and IF move up from there, then a iH&S target for 1700+ opens up!
Presented without comment on purpose!
Demonstration of Last 3 decades of Nifty move with two discernable blocks...1990-2005 and beyond. Seen in regular scale vs Log scale. LOG Scale Sometimes Seeing is NOT Believing!
The most important Monthly pivots on GOLD are these 2. We have not had a monthly pivot break out upwards since 2011. There is a great likelihood for the 1376 pivot to be taken out. Once that is done, a lot more upsides will open up.
Unless we fall back in the channel this move should give new legs to the stock