venkatfx

venkatfx

After IPO listing, I suggested few to book profits and exit and OLA will see lower price. But few said IPO is for long term investment and not just for listing gains. chart is showing the lower price now. Reason is OLA has seen new competition, and many companies entered the same business. Its very simple logic. Moreover, OLA having so many customer complaints...

venkatfx

In 2022 when IPO came I told in my contacts not to subscribe even though LIC is good company as it may not give quick or good returns in coming months or years, Few said its long time investment so I do not mind even if it falls after listing or I can wait for one or two years. Its all most 3 years now and not given profit to anyone. In chart LIC has shown a...

venkatfx

Multiple times in my previous charts i have said price below 97K is seeing buying by big players. Which is very very clear in chart with multi month and week support visible in chart. Any price below 97K is being bought by big players in US and these days outside US as well. Multiple people clearly pointed out the money flow into Bitcoin which is visible in other...

venkatfx

Nifty has been breaking all important support levels and going deep into sea. Its well managed pump and dump by all big players. Looks like not just one or two and its big game plan with blessings of people with money power etc etc... Trust is lost and its going to impact our markets for several months now. SIP is also not safe as MF not investing all money.

venkatfx

In chart trend is bullish. But given redlines could give resistance levels and price reaction at those areas to be watched. In medium term as positional view 400+ will happen.

venkatfx

In chart SBI is at previous support levels. But in my view price looks weak due to market weakness. I suspect price to drop little more to find a stronger support level 40 to 80 rs lower. reason market is not raising, and sbi too getting rejections and didnt move up after hitting support levels. so either it could move in sideways or slide lower a bit. SBI is the...

venkatfx

HDFC bank was number 1 safe investments with sure profits due to MSCI money flow, It worked out well. support area with big volume candle given second opportunity to enter long. But now price is forming right shoulder for head and shoulder pattern and price is below resistance area with same big volume candle indicating bearish view now. It might re test support...

venkatfx

chart clearly showing its wave 5 formation. if the up move is more it could be changed to wave 3 with sub waves later. clearly with good buying support price is stead and getting ready for up move. BTC is Bullish.

venkatfx

we need to thank all the news caused crypto to give a correction. In chart BTC is entering Support Zone. I do not buy any negative news now like tax war or new BRICS currency which are not a good reason which will stop big players from buying BTC at support levels. BTC is the biggest crypto in this world and irrespective of US new reserve comes or not. Trump is...

venkatfx

In chart there is slight RSI Divergence now indicating Buy side which could push price up in coming days along with BTC trend. In my view melania and trump coins are not completely shit coins since they are in power now so their coins will be used to pay get job done or it could be used in big circles related to us govt and etc etc. so as the new govt complete...

venkatfx

considering the last low and high then now price around 99+ K is between FIB buying levels of 50 and 61.8 levels where price seems to be holding for now which indicating some buying has been done. If price rise from here then it becomes wave 3 and price could easily move above 108K and making new ATH. one may consult your adviser or take your own decision for...

venkatfx

Its widely called as US first lady named melania coin. not sure about details but I believe with the new president in office these coins will gain value. They would not have launched it with any plan. In chart we can see RSI divergence indicating buying

venkatfx

The much-awaited action from new president is getting delayed and it has caused bitcoin price to get rejected at previous high or not willing to spike up further. The much-wished banana spike does still not come. when we draw lines and see price is about to see small correction now. Its not safe to take fresh shorts but its good and safe to book profits now for...

venkatfx

we can see ETH taking support near the green path area shown in chart. But Red line is current resistance line. Breakout of Red line could take price above 41K !!! Till then price could dance between red and green lines shown in chart, one may buy and go long now for quick returns since all crypto could spike or already moving up due to new crypto US President....

venkatfx

For several months $ was weak but as US Equity reached new ATH $ was making accumulation at lower levels and took lot of time to rise. Right now $ index is at golden ration level and I expect possibilities are distribution and price could fall in coming days and I do not expect $ index to rise further higher. with new president having plans to make US exporter and...

venkatfx

After touching earlier predicted first target of 102 price has fallen more than expected and holding at previous proven support levels. In my view BTC is once again at support and some fresh buying or accumulation is visible. For whatever reason price could dance for big players to buy more at support levels. Its popular idea to buy back whatever was partially...

venkatfx

RIL now around 1200-1250 levels is very good opportunity to buy and get invested for medium to long term profits. Price is at swing support and this low level was due to Elon entry into India and groupism by MF Manager to accumulate at lower levels. RIL recent land purchase at throwaway price and its business with NVDIA & Disney are few reasons to fetch more...

venkatfx

BTC in news world wide and being moved up and down with each one's opinion and risk taking or profit booking needs. Yearend or month end along with holiday season impacted BTC. while I agree BTC is yet to give the parabolic or banana spike which was seen every 4 years and now is the time for that. Charts are discussed worldwide on one side and its constantly...