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shivaq

Nifty rebounded from a strong support level - leaving behind 2 gaps in the daily time frame. It has now reached the level of a previous support which it broke on the way down. This support is turning into resistance. Expect a pullback down to fill the 2 gaps. Incidentally, the present resistance level is near the 50% Fibo retracement level.

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Nifty (cash) is in a broad downtrend after forming an Island Gap at the ATH. The likely Support and Resistance levels are marked here

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

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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.

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

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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...

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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...

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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.

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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.

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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...

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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.

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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...

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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.

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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...

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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...