Rajesh_Ramchandani_Delta

Rajesh_Ramchandani_Delta

TVC:US10Y is currently at strong resistance line after it broke the 35 years old downward channel. Breaking the resistance line may be taken as indicator of accelerated sell off in stocks.

Rajesh_Ramchandani_Delta

It is interesting to note that RUSSELL:RUT was in the range of about 300 points throughout 2021. The range is shifted downside in Jan 2022 and the same is still maintained. The range maintained in 2022 stands at 76.4% Fibonacci level of 2021 range.

Rajesh_Ramchandani_Delta

NASDAQ:NDX Nasdaq had a 3% fall on Jan 5, 2022. The fall is still well within the upward channel. The strong support line of the upward channel is supported 5 times in post corona uptrend. The crucial support zone for Nasdaq 100 is shown as grey box area. Break to the 21 months old post corona uptrend can be confirmed once this grey box is broken downside...

Rajesh_Ramchandani_Delta

BITSTAMP:BTCUSD 1. Support formation near 45,500 (from Dec 1 – Dec 20) 2. Resistance line breakout on Dec 23 3. Support line (previous resistance) retested on Dec 29 Next level 4. Like to face resistance (green upward moving line) 5. Likely retest at around 52,000 level 6. Final breakout

Rajesh_Ramchandani_Delta

COINBASE:BTCUSD Ethereum is taking support at the Fibonacci channel base line formed from the lows of July 2021 (as shown at 2 in chart) Observations in the last 11 trading sessions. 1. Bounced from the lows almost every day and maintained the support line. 2. Faced resistance at 38.2% Fibonacci retracement level (Sep low to Nov High – as shown at 1 in...

Rajesh_Ramchandani_Delta

Observations: 1) Trend line from April 2020 till date is respected 4 times in the post corona rally. Present support point of the same is at 4514. 2) 50% Fibonacci retracement level of the last leg (from Oct 4 - Nov 22) is at 4511 3) Gann Fan line 4/1 is intersecting 50% level as at (2) above at 4511. Conclusion a) SPX has crucial support zone at 4495-4510...

Rajesh_Ramchandani_Delta

NSE:NIFTY On Dec 17, Nifty’s close is very significant as it closed at the point where three support points meet. 1. Support at the central line of the downward channel. 2. Support at the 61.8% Fibonacci retracement level (Aug Low - Oct High) 3. Support at the trend line formed by connecting the bottoms of July 28 & Nov 29 Nifty breaking this point...

Rajesh_Ramchandani_Delta

NASDAQ:AAPL Observations: After breaking the upward channel, Apple is at re-test point on upward band of the channel. (shown at B) It closed at the 76.4% Fibonacci level from the lows of Oct 2021. (Shown at A) Though the bearish engulfing is formed, the weakness can be only confirmed once upward channel is decisively broken on downside. The level is also...

Rajesh_Ramchandani_Delta

BITSTAMP:BTCUSD price flow chart, when compared with TVC:US10Y bond yield chart for 2021 indicate; Bitcoin / Crypto should not be too fearful of a) the outcome of Fed accelerated tapering move b) rising inflation c) rising bond yield

Rajesh_Ramchandani_Delta

Ethereum is currently at the intersection point of two Fibonacci channels. a) 50% Fibonacci retracement level (Sep 2021 Lows to Nov 2021 Highs) b) Fibonacci channel formed from the lows of July 2021 Intersection of two channels makes the support point further strong.

Rajesh_Ramchandani_Delta

On weekly charts, Bitcoin is at the support point on the Gann Fan 2/1 line drawn at 45 degrees from the March 2020 bottom. In the last 12 months Bitcoin has taken support on 4 times from this line. BITSTAMP:BTCUSD