shivaq

shivaq

The major trend is up. The minor trend is reversing upwards.

shivaq

See how nicely it's trending up. In the highest timeframe. Above all the Moving Averages. And all Moving Averages are trending up - 50>100>200. Sometimes the simplest graph is the best indicator.

shivaq

SGX Nifty appears to be in an uptrend on the monthly time frame.

shivaq

29.12. NF faced liquidation from the open till mid-day - H period, on lower volume - 20% early morning tapering to 7% by G period. Excess Low was made in C period. Reversed direction in H period and OTFed Up till the end. Closed at the day high. Volume on the upside was higher. Have to see whether today's moves were only on account of expiry. Today's low can well...

shivaq

This is the Monthly chart of Skipper - a fundamentally well-performing company. It was trading in the 50-100 balance for 18 months and has now made a breakout above the balance with higher volume in the monthly as well as the weekly and daily time frames. It's All-Time High is 292 made in November 2017. It has a small equity base of Rs 10.3 cr. EPS as on 31st...

shivaq

Nifty was making lower highs and lower lows till the week-ended 10th June 22. After making a low at 15294, it has started trending up forming a higher high and a higher low. In the past two days, it has made a recovery and if last week's low is not taken out, it would continue the uptrend forming multiple higher highs and multiple higher lows.

shivaq

26.12.22 The Nifty Futures (NF) has been trending up in the monthly time frame after it made an excess low at 15202 in June 22. It broke out above the balance last month in November. In December, it opened above the November high but started falling from 2nd December itself. Throughout this month, it fell steadily and last Friday it penetrated below the November...

shivaq Updated 

The Nasdaq Futures has made a Falling Three Methods pattern - a bearish continuation pattern - in the Daily timeframe. Expect the downtrend to continue.

shivaq

The NF has rallied strongly from October and is near its All-Time High. It has left behind 7 upside gaps. On the 10th of November, it made a downside gap hinting that there could be an end to the rather continuous rally. However, the next day it gapped to the upside - filling the downside gap with an upside gap. A rare and unusual kind of rally. In the past four...

shivaq

In the Monthly Time Frame, NF was trending up nicely till August, unlike the ES which is trending down. Come September, suddenly things do not look so rosy.

shivaq

This is the Monthly chart of the NF and the ES. Clearly, there is a divergence in the trajectory of the two scrips. The NF is trading above the Previous Month's High - August is above July's High. The ES is trading below the Previous Month's High - August is below the July High. In the Indian context, FIIs turned buyers in mid-July and have been net buyers...

shivaq Updated 

Nifty Futures has been on a rising trend right from the beginning of this Month. It started its current rally on the 18th of July and has not looked back. The Longer Time Frames - the Monthly and Weekly do not show any kind of weakness. In the Monthly and Weekly Time Frames, it is One-Time-Framing Higher. In the Daily Time Frame, it is trending higher with some...

shivaq Updated 

The fall started with a variation of the bearish Evening Star pattern right at the All Time High, followed by the bearish Engulfing pattern at the Pullback High and then the final nail in the coffin was another bearish Evening Star pattern again at the Pullback High. After that, it was a steady decline characterised by breakouts and acceleration followed by...

shivaq

It can be seen that after it made an All-Time High in October 2021, the Nifty has been making Lower Highs and Lower Lows. After a prolonged rally from Mid-June, it corrected sharply today (19.8 Fri), increasing the odds that it has made another Lower High. One should be prepared mentally for the possibility of a Lower Low in the coming months.

shivaq

After trading within a 6- month Balance, IGL has made a good Breakout to the upside on high volumes. It has also crossed the DMA 200. It is already above the DMA 50 and DMA 100. Further, DMA 50 is nearing DMA 100 from below and it will most likely cross it shortly. This calls for a Buy at the current price of Rs 438 and additions on minor corrections. After...

shivaq

After a long bearish candle on 24.1.22, Nifty Futures attempted to stage a reversal on 25.1.22. It opened Gap Down and after testing below to 16851 just above the Support Low at 16842 established on 27.12.21, it rebounded with good buying (mostly short covering) and reentered the range of the previous day. It traded within the previous day's range throughout the...

shivaq

After making a good excess low around 11 a.m. - seen in the chart as a doji with a long lower tail, Nifty Futures rallied higher and made a breakout around 1 p.m. - see the strong green candle with higher volume. Thereafter till 2.45, it made three small red candles on lower volumes as compared to the big green candle. The three candles were all within the range...

shivaq

After a cup and handle formation and a steady downtrend for the past 20 sessions, Hindustan Copper formed an Inverted Hammer - a bottom reversal line today 9th June 2021. The inverted hammer is a bullish pattern after a downtrend. However, it is important to wait for a bullish verification tomorrow. An open above the inverted hammer's real body could be the form...