BrokeButBold

BrokeButBold

There is a Possibility of 50 % Retracement in Reliance to around 1150 levels, It will also act as a structure test, Some Really Good Selling Patterns are also coming up in daily charts...

BrokeButBold Updated 

Dollar is Looking Weaker, Gold & Silver Breaking Out & SPX looking Weak

BrokeButBold Updated 

BTCUSD Crashed as Expected It has broken below a trendline at 810, Next Target Could be 750-730 Where there is High Volume Pressure and on the Upside there is Volume Pressure Around 920, Break Below 730 Can Test 600, , Otherwise It can consolidate between 920-750.

BrokeButBold

Big Fishes are Already out of the Market, as there is High Volume Pressure showing up on daily charts, Nasdaq is Making Three drivers pattern Dollar is also Looking Weak on Charts, Metals have started to Move Up and CrudeOil has failed to sustain above 55. Dow May Take support at Trendline at 18500, and afterwards may even go below that...

BrokeButBold Updated 

Bitcoin is forming Some Selling Patterns on the weekly charts, Volumes are suggesting little profit booking, Price is already around uptrend line, Could Test Previous Structure, Selling Pressure can come from Next Week for a Move towards 800.

BrokeButBold

Trend Correction is Getting Over, IT has started to look weak, TCS is at Upper Trend Line and at Major Resistance, Volumes are lower op Trending Up, Target Can be of Around 2000, 1700 with short from around 2400.

BrokeButBold

Technically SBI has broken Trend Lines and Supports, Volume is Increasing on Down Days, BankNifty is Looking Weak and There is also a possibility of a third wave... Targets Can be seen at 190..

BrokeButBold

Nifty is at Upper Channel Line, Dollar is Still Above 102, US Markets looking weak, Bear Trend is Intact if we look at magnet, BankNifty/Nifty is breaking below. BankNifty Will Under perform and Drag Nifty Down...

BrokeButBold Updated 

Fundamentals - 1.. High Deposit Rate, Low Credit Growth 2.. NPA Crisis 3.. Low Intrest Rate = Low NII 4.. Scams in Banks 5.. Property Rates Going Down 6.. Global Sell Off Imminent Technicals - 1.. Second Mountain + Head & Shoulder in Weekly 2.. Magnet Crossing Below

BrokeButBold Updated 

Their is a very good sell opportunity in nifty currently, this wave can take nifty all the way down to 7500 in near term. bank nifty will add most pressure, INR will get weaker which will act as a catalyst.

BrokeButBold

Another Leg Up in Silver is Coming with The Target of $23, Buying Can be initiated around $16.5, Dollar is Showing a big selloff in monthly charts which will fuel this rally, Technically it has retraced back .61 from initial rally, and it looks like a fair level to reenter.

BrokeButBold Updated 

One of my Golden Pattern is being formed in USDJPY charts and it suggests an up move of 10% very soon, buying zone is till 99, targets could be of around 110, initial.

BrokeButBold

My Technicals are suggesting a selloff in USD INDEX is Imminent and sell off would be at least 10% initially, My sell levels between 101.2 - 102.7.

BrokeButBold

There is a probability of sudden 2000 points selloff in US30, Volume on Sell Days is Higher, SPX and Nasdaq have my GoTo sell patterns, US30 is Making Fish Top on 4 Hour Chart, Vix is Ticking Up Slowly. Crude is Fueling the rally but it looks like crude will also start to pull back.

BrokeButBold

There is a possibility of sudden 700 points sell off in nifty, i can see some short patterns in nifty and bank nifty charts, there is also heavy PUT buying going on, VIX is ticking up, global markets are also suggesting a sell off, and INR is also not getting strong..

BrokeButBold

Crossing 288 on 5 Min Chart with Copper, Bouncing from lower channel, getting above buy trendline, showing some green volumes, RR is good

BrokeButBold

Crude is at 618 retracement, Buying Volume is low, is hitting 288 MA on 4 hour chart, speculative positions are declining , dollar is at its lower channel, go short with the target of $36

BrokeButBold

Crude is at 618 retracement, Buying Volume is low, is hitting 288 MA on 4 hour chart, speculative positions are declining , dollar is at its lower channel, go short with the target of $36