psykid46

psykid46

Bank-Nifty appears very bullish. The sky seemed to be the limit for Bank-Nifty as it successfully breached the bull flag and its high.

psykid46

DXY is returning to retest a significant resistance after breaking it as a support (which also acted as the neckline for cup and handle). If the support holds, there might not be a halt until 121.331. Everything said is nullified if it brakes the 105-103 range.

psykid46

DOW JONES is in a significant invert cup and handle pattern that has broken to the downside and is moving into 27587-27129 range (0.5 FIB). Where it might find a temporary bottom and bounce to test the upper trendline of the falling broadening wedge.

psykid46

TATA POWER was in a rising wedge that, after falsely breaking out to the upside, has now broken to the downside is currently retesting the rising wedge's bottom trendline. With that a possible head and shoulder pattern is in formation and if broken could see another drop of 30-45% from the neckline.

psykid46

Although EURAUD is in a long-term bearish trend, a short-term bounce to the upper trendline of the falling channel is possible. Depending on when we make contact with the trendline, either retracing 0.5fib or 0.618 fib

psykid46

After forming an inverse head and shoulder in the demand area, Tata Motors, which was in a bull flag , broke upward.

psykid46

On the weekly timeframe, gold has formed a head and shoulders pattern with a perfect retest, and on the monthly timeframe, it has formed a double-top (yet to break it's neckline). Gold may test levels between 1560 and 1540. and the levels of 1358–1317 may also be seen if monthly double top plays out.