Hola Folks, looking back NIfty50 under the 200 ema has always been a value buy and once the chop is over and sentiment is better, we should go on to make a new ATH 23660ish the zone to flip for confirmation imo Let's assume Plan A as per earlier Nifty post falling wedge and on LTF the 3 tap does not play out and we lose our current support then in this...
added some more here although went heavier in Jio F but would have been rude not to add to this since am a fair bit down CDMO space is set to grow so this should as well .simples. IPO listing pattern of pump dump and make people cry is almost over imo yellow line above is where vwap is from ath and also the reclaim we want for rewarding our conviction
looks like its time to come back to life further to my dollar index post earlier assuming top is in for it for the next 4 years at least this should make its way to the yellow line above .012 let see bearish retest or it reclaims is rsi cross below as well
stoch topped out and assuming we cross it to the downside and loose 103.65 to start the acceleration to the downside alternatively flip yellow line and breaking out would be no bueno assuming it does start its descent would be a life saver for quite a few currency which have been struggling and give some relief along with making those countires more attractive...
so a rate cut of .25% has dropped the nifty by .25% for now ;) expect this to hold otherwise we go visit 23347 or dotted line below then run it back up again for now waiting for a recovery and reclaim of yellow line Break out of the pennant was not gonna be easy but once it does it should be worth it ..
107.9 close below is what would trigger some shorts still bearish on this bubba and recon LH made a few days before close above then we might as well head for 119 for now leaning towards a sweep of liquidity above then we start the descend 7hrs approx to go for fun
rsi on the weekly looks ready to cross up assuming we get some buying soon swept previous range low and a reclaim of 23026 is what is needed to go attemt 23450ish where the 50 ema is 22215 max pain and manipulation, final shakeout imo FOMC on wed and assuming fed cuts rates as Trump has suggested , other countries will take cue anyhoo deployed my last bit...
cleared up earlier chart zoomed out already deployed more into this at 247 and still want more approaching where the initial impulse began from so should see a healthy reaction IF we go there no brainer buy and forget IF you are on the sidelines or have ammo should go up the same way it came down with niftyy50 inclusion expected to be announced in Feb ....
will this be the one to lead the charge? still above 200 ema and due for some relief in range for now above white line sentiment flip and we move quicker below 200 ema dunno
another one of my bags which has been hammered not looking good for now but have faith shall resurrect yellow line ain't far lets see IF we go there rsi bottomed just need some luvin
tagged 200 ema on weekly now would be a nice time to reclaim 110 and start our ascend to 165 levels Dollar Index dumping would the metal sector fed meet in 2 days am long already from a bit higher
close above the 7ema or white squiggly to reclaim trend and attempt supply above shall increase leverage once we reclaim yellow line above
19.22 key reclaim already in this from 22ish or so results should act as a catalyst to reverse still recon Nifty is done so a budget rally is due not trading derivatives in this so its a spot hold for me
about to reclaim previous range low IF so should move quick to range high and deviate there or continue
lets see if we deviate back below this and kick off some green accross the board. rsi wants down is this a lower high on HTF ? tbc ..
$5.080 looks to be our invalidation above the 200 ema on the 3 day and weekly with a 4hr and daily reclaim confluence at yellow line above Flip that and then we keep going Dominance also just lost 58.56% so some nice acceleration coming
Damn never thought it would get hammered so bad but here we are sweeping liquidty and a close below key level assuming nifty has one final wick down then up this should ideally build a base here and attempt breakout of downtrend around March RSI is reset just need it to curl up fair bit down so gonna add some here as planned
swept liquidity below 200 ema on H4 currently trying to reclaim but got hammered down by the 7ema so squeezing should break up this attempt from the HTF downtrend Stoch rsi cross ing.. lets see