May be a reversal in NIFTY , Inverted head and Shoulders Would be bullish might take it to 26000 as Shown .... I know i have a posted a INDA charts which says more fall ahead on larger t/f but this what it is shorter term ... may be a counter trend rally under a larger t/f
The Chart is bad in shape it can be clearly seen if it break long term trend lines . Those looking to short can Short after weekly closing below the trend lines . Rest stay way from this index for time being . Long terms target clearly shown .... using two Fibonacci Extensions This can also drag down NIFTY index with it by virtue of having 2nd Largest weight
Descending Triangle Breakout Likely in DXY . Very Bullish Structure Very Bad for Metals
Forming Double Top again Wait for confirmation The stock bounced of Previous Gap may be this time it will fall below to the marked levels See previous post on KOTAKBANK for more details
Triangle Breakdown will take is down to 19-20$ range Rising DXY having descending Triangle breakout will confirm further
Watchlist Idea Double Top Formation on Weekly Charts after a long distribution pattern . Levels are marked which needs to break for confirmation. what makes It interesting is presence of a similar Double top on Daily charts I repeat there is no confirmation yet on Daily or Weekly This one is weekly charts Daily chart in Next Idea views are welcome