Patterns are the basis of finding comfort beyond comfort zones created by news flow. Same patterns that made me speak quietly in first week of January 2020 that the Nifty Private Bank Index has the strongest and most clear patterns ready for a 35% plus slide are now ready again and on a larger time frame and with greater clarity for a 50% downmove broadly...
RIL all time high came way ahead of the Nifty in September 20 itself. Since then it has had made rapid declines and from mid november ran sideways in to a triangular formation. Today's leap up could turn out to be the final wave e within this triangle that forms a larger degree wave iv. A goal of 1650 wont be audacious with a review in between at 1840 for take...
Reliance peaked out ahead of Nifty, months ago. Its been in a downtrend. Last month or so its forming a triangle on the 4th wave. Upper line of that triangle
Wave A & B are done, wave C is overdue now. At the least C should be equal to A, providing for a ball park goal / target of 75.5. Rupee getting weaker has seldom coincided with Nifty keeping going higher. Most of the time Stockmarket goes down whenver the value of Rupee goes down. It happened during September-October '20 also within this madenning equity...
BTCUSD: a) The Top in 2013 was Cycle Degree wave I at 1140. b) Few years of correction and then the cycle Degree wave III top came in Dec '17 at 19700 c) The drop from Dec'17 to Dec'18 was only wave A and the rise since then to now is wave B of the Cycle degree Wave IV. d) The cycle degree wave IV will complete with a sharp, fast and furious five legged...