Seems like Crude is forming a huge H&S, also since its been in a downtrend, the bearish flag looks like a good setup
with a SL of 2300 do u think aluminium will make new lows??
A breakout from the flag will give a 10,000 point upside in BTC Targets of 38/40K
As long as the Double bottom holds in Dow, the markets can make a bottom. Correlatively in Nifty, the levels can be of 16400/16600...
It seems like the Bank Nifty is leading against the Nifty as of now. Nifty forming a new low where as Banks holding the Budget days low. Similar behaviour seen in the Midcap/Smallcaps too... Seems like a good probability of the Nifty bottoming soon...
Weekly: Nifty is continuing in the Higher High - Higher Low manner Daily: The Nifty has broken out of a 3month consolidation and can see 18750 levels initially and 20,000 eventually if all if well with the global economy
Looks like the BTC is still in Bear phase. Making Lower Lows and Lower Highs in the weekly charts. Next support @ 18350, if that holds we might have a long term bottom, or else we are in for a New Low Things i'm looking at: Cost of Machinery (Processors, Space, etc) Cost of Power (avg. around the globe) Disclaimer - This is not trade recommendation or advice....
Nifty sustenance levels for the week: 17970 - High of Budget day 18020 - Breakout level of Falling wedge Sustenance above these levels, will eventually take the nifty to new highs of about 20,000 PS - Also a fall before the final breakout @ 18020, cannot be ruled out. Disclaimer - This is not trade recommendation or advice. This is purely for educational...
Breakdown of a symmetric triangle might cause the crude to see levels of 55 soon.
The band of 17300/17100 seem to be a good buying zone. Has the 50 Wma support @ 17350 Has formed a Divergence in Daily charts We could have another round of selling before we start the up move. Above 18050, we get a wedge breakout for targets of 20100 Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own...
Looks like its time for 230/234 levels on aluminium... up-move that is part of a bigger Inv H&S breakout... Please refer to previous post for further details Also, similar setup seen in Zinc
Inc H&S seen on Zinc too.... Like aluminium, it ready to move up positionally
Seems like a good setup for upside. Possible targets of 104/105
Im shorting Crude with a strict SL of 80 (DCB)... Possible positional targets of 55...
Positive divergence seen on Weekly Bitcoin charts, ETH leading the rally... is this the long awaited bottom???
Inverted H&S in aluminium, i'm looking to pre-empt... Any takers??
Looks like a Nifty bottom is in place. its ready for the next big positional up move, could be sluggish due to budget, proper breakout above 18300
Seems like JPY-INR can touch 0.59/0.6 in the next few weeks... Any news?