RabishankarBiswal

RabishankarBiswal

EURUSD shots position have build up in the recent weeks. EURUSD can have a positioning risk reversal which makes it short term bullish but in medium to long term the chart is in a bearish trend.

RabishankarBiswal

NVDA finding support at 130 $ which happens to be 100 DMA.

RabishankarBiswal

Seems price have memory. This 22 years chart of SMH vs IGV shows failed breakout of Semis vs IGV on a monthly basis plotted over 22 years. Will it breakout this time around after a 22 years base building ? Can NVDIA and AVGO help ?

RabishankarBiswal

As NVDIA and Broadcom expand their domination in Semiconductor sector the Market Cap weighted Index is making an ATH against equal weighted index.

RabishankarBiswal

Can S&P 500 have a bullish run with semis not participating in it ? Bullish head and shoulders on SMH vs SPY. Semis are the new Transports.

RabishankarBiswal

Can markets rally without Semis participating in the rally ? It is clearly forming a bullish wedge on the daily. #SEMI are the new Transports.

RabishankarBiswal

ASML in a bullish channel after consolidating for more than an year.

RabishankarBiswal

Double bottom forming on SPY vs Nifty 50 on a weekly chart. Probable outperformance by Nfty 50 in a short to medium term basis.