8000 MARKET CAP IS BOUND TO 11 THOUSAND MARKET CAP IN 100 DAYSArchean Chemical Industries Ltd, incorporated in the year , has its registered office in No 2 North Crescent Road, T Nagar, Chennai, Tamil Nadu, 600017, 91-44-61099999. The main industry in which Archean Chemical Industries Ltd operates is Chemicals.
Auditor/Auditors for Archean Chemical Industries Ltd is/are PKF Sridhar & Santhanam LLP. In the main management, is chairman and G Arunmozhi is the company secretary for Archean Chemical Industries Ltd.
SPOT 653
DATE 12 APRIL 24
777 EXPECTED TO GO
ADD UPTO 636
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Realmoney
Rhino market is still the true marketA while ago i have told you fellows and fellowettes that the Rhino humpback market is a way stronger market than the bull market or bear market.
p.s. i also dont make youtube video thumbnails with my mouth open very surprised or raise my eyebrow to you
p.p.s.s. Humpback Rhino season might be in the charts!
BITCOIN Bullrun Resumes $230K April 27th 2022 !!!!Just the Charts..Welcome to the 50th Anniversary of the Nixon Temporary Fix to fund wars overseas. This is the end of the crooked, evil and war driven dollar that enslaves the poor and youth.
Wage Love, not war. What are we fighting for? Evil dollars? Let math and true guide us forward!
CHARGE WALL STREET! CHARGE CROOKED BANKSTERS AND GOVERNMENTS! Civil Servants need to be civil and serve. Do good work, pay your taxes for good schools, roads and healtcare. Punish the crooks, not the honest, well meaning people of this earth.
Wall Street, your days are numbers. People, only trust the truth and challenge everything else!
JustCharts - Unmanipulated, 24/7, world wide, equal playing field. Bye bye BS regulators feeding us BS derivatives! The World People have spoken!
Bitcoin - Fixed supply, open ledger, worst thing for crooks and banksters!
Ethereum - Move over Cobol, Fortran and all the duc tape in financial systems and the ancient SWIFT BS system. It's done.
Shibarian Coins - Let the world masses decide the value of the World Penny.Let the Shiba Uni dog packs lose on Wall Street. Bite the crook HARD. DOGe with the power of SpaceX and rocket scientists and SHIB, the trojan horse that will tell the world how worthless the dollar really is!
Shitcoins; Toxic crapola with the first than needs a worldwideban is anything pretending to be the USD without the backing of the US Government and military.
Hint: Why are UK and Canadian regulators telling citizens and crypto exchanges to avoid USDT? Think about it because you use that garbage to store value. It's toxic. Massive run out of USDT expected and that bank is EMPTY! LOL! If you put money in a shitcoin, have some fun and play the musical chair. Be warned, on anything but the top two, the music WILL Stop.
ETH is even better than BTC but anything is better than unbacked paper of ANY kind! OH, and pay your taxes. El Capone or McAdfree could not evade. If you're a bad guy, ETC and BTC is NOT for you. LOL
Gold on the break alreadyQuick update from my last chart but this time on smaller time frames to see what happen a little better.
We where stuck with in this range for a while and saw a sharp fast break out of the darvas box that was quick bought back with major conviction and a slight increase in daily volume exactly what I was looking for.
We got the break out and held support now on top of the consolidation box giving me even more confidence, I guess as the potential of major inflation on the rise and the stock market pumping from QE possibly effecting inflation further I see a rush to hard assets in the not to distant future, So im happy to keep buying gold at the moment, Physical, bullion trust and cfd's
In the short term I can see a run on to 1860 ish but believe there will be a lot more to give in the long run yet
What are your thoughts on gold long term?
BTC 350,000 by the end of 2021 and 5,000,000 by 2025.Just speculating with logic if market repeats the cycle.. this is insane and unrealistic but just look carefully and imagine the cycle repeats as always.
just all the fiat is "80T" equal to 3.8M per coin with out counting all the wealth in the planet, easy "250T" thats 11.9M per coin.. Think about that.
if you like it hit that like. thanks
BREXIT & GEO-POLITICAL AFTERMATH: SHORT GBPUSD - HOW TO TRADEGBPUSD
- At the end of last week GU traded to lows of 1.32 on the brexit vote, before retracing substantially to 1.39 by the end of the day.
- GU retraced 600-700pips after the brexit event IMO solely as investors took profit from their shorts (which causes buying) - thus there was no structural reason for GU recovering e.g. it was that 1.32 had mispriced GU too low for the brexit vote.
On the back of this I expect the following for GU this week:
1. I have a 8/10 short conviction on GU and ultimately believe it will trade <1.30 by weeks end for the following reasons: -
- As on friday, the bearish movements we saw on GBP were 90% fast money trades and NOT real/ slow money positioning (due to different regulations and trading strategies) therefore, this week, slow/ real money will now be able to get behind the short sterling move thus providing momentum for GBP to move lower and sub 1.30.
*Fast money is hedge funds and slow money is asset managers*
- David Cameron UK PM also resigned following the result, thus putting further downside expectations on GBP in the near-medium term particularly as it as all come at once.
- Also the BOE plans to increase its QE by 66% 350bn to 600bn to support markets but this printing increasing GBP money supply affect puts downward pressure on the GBPUSD.
- Further, members of the European parliament have asked and put pressure on the UK to make their exit faster than previously expected, this puts further uncertainty around the brexit and increases the negative impact it may have on the economy and therefore the GBP speculation is made further bearish.
- As pictured I had expected the 1.356-1.382 range that had held at the end of last week to hold for the next 24hrs and for GU to trade relatively flat (24hrs for people to make decisions on positioning) however it looks like corporations and other entities have derisked their GBP exposure over the weekend hence we opened 300pips lower at 1.342.
- With this range broken we now trade in no mans land, thus with all the negative biases my target from now is for GU to drift towards the lows set from last week for now - If the market changes significantly within the next few hours (e.g. trades back into range) i will update this view.
- My target for GBP is <1.30 with a terminal value of 1.25 within the quarter - though i consider that the supportive (no hike) policy of the FOMC will ease GBPUSD losses somewhat. This in mind shorts at these levels are fair 1.34. Alternatively, I also encourage my favourite tactic of shorting/ fading any GBP rallies to 1.38/39 however the chance of GU realising such upside imo is only 50%, with bid trading dominating
Volatility update:
Current GU ATM 50 delta vols trade at 25%, which is surprisingly 2x higher than it was last week (the risk and volatility may not be over).
1wk GU ATM 50 delta vols trade at 30%, significantly higher than last week also.
However 1ms trade 20.49% and are significantly lower than they were last week (illustrating the event risk that has elapsed).
Current GU Option demand is skewed significantly to the downside, with Puts 27.5% vs calls 22.5% thus puts are in demand by about 20% more than calls - this supports current short views (RR -5).
1wk GU demand is also skewed in favour of downside coverage, with puts at 33% vs calls 28%, (RR -5%) with puts being demanded apprx 3% more than calls - supporting the near terms view of short GU
USDJPY as a measure of market risk.
I still suggest using UJ as a measure of GBPUSD market risk - the volatility seemingly isnt over, and with near term uncertainty high, it is prudent to track UJ and use breaks of its 101.2-103.2 range as signals of net risk on or risk-off commitment .e.g. UJ higher risk on (jpy selling), UJ lower risk off (jp buying).
The risk off move for GU imo is lower in this environment, and the risk-on move is higher. Thus, IMO UJ and GU are sync'd, and the two should be used as a tool.
BREXIT GBP: USE USDJPY AS A RISK-BAROMETER & WAIT FOR LONDON 8AMIndicators to check BEFORE GBP Shorting for confirmation
I also suggest using two other key pieces of information BEFORE shorting GBP.
1. Use USDJPY as a measure of market risk appetite and stability
- As you can see below UJ has traded with a tight 38pip range vs GBP$ at 180pips. Therefore we can use UJ as a measure of stability and risk appetite:
1) because of its stability - UJ isn't acting as susceptible to the volatility "noise" - with 4.5x less range; and
2) because as we know UJ is the "safe haven" FX pair which is sold massively when markets are trading risk-off. or risk averse.
- How to use UJ for GBP direction: Assuming UJ is the stable measure of risk (which has been true for the past week) it is fair to ALSO assume:
1) A rise in UJ means increased JPY selling which means there is a stronger risk-on attitude in the market as investors shed "safe yen" - buying GBP in the uncertain BREXIT environment IMO is considered the "risk-on" move - SO we can confirm GBP rallies with a rise in UJ
2) Conversely a fall in UJ means JPY buying, which means investors are seeking risk-off/ safer currency plays - selling GBP in the BREXIT uncertainty environment IMO is considered the "risk-off/ low risk" move - SO we can confirm new GBP shorts with a fall in UJ
*If you believe that the risk-on/ risk-off moves are the other way round e.g. GBP upside is the low risk play - then you can STILL use UJ as the indicator, just the other way around than above.
IMO and logically, GBP lower in this uncertain UK environment is the LOW RISK trade - especially given we traded at 1.46 8wks ago (not much downside is priced at these levels thus GBP moves lower are lower risk)
2. Wait for London open between 8am-10am GMT (4-6 hours from now)
- In these past weeks, the London open has been a key catalyst for GBP direction ESPECIALLY on the Sunday-Monday Asia which over as all of the weekend information is priced in for the biggest FX clients in LDN.
- Therefore it is prudent NOT to take a position until the big money volatility/ fluctuations/ noise is out of the way otherwise SL's may be susceptible to being hit AND MORE IMPORTANTLY, we may misjudge the market direction/ sentiment (given LDN is the largest FX Flow session).
- Several times the market direction and momentum has changed or been confirmed aggressively during the London open 8am-10am GMT so I think this indicator is a vital determinant
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