L&T futures today formed a bearish outside bar as the price rejected at its 52 week high. It is a strong trend reversal setup. Monitor for the resistance build up around 1818 zone. Short Term is expected to be filled with bearish.
Jindal Stel is showing short term price rejection setup on the 30min timeframe. Its good to monitor for short term correction with resistance around 127-130 zone
Possibly Long Term Downtrend is likely to start. Tulip mania ends here. Good Bye Bitcoin Bitcoin charts shows long term trend exchaustion.
Short Term Trend Exhausion in ES Mini this could bring a test towards 2350.
Its time to test the Psychological reference 2000 USD again as those places are so far less choppy. Less go and chop again.
We finally got some trend exhaustion on the hourly charts. Possibly days top is done here.
Responsive coppock is a long term indicator which helps in identifying early trends of long term stocks. coppock turns positive in TWTR for the last few trading sessions.
Recent Buying in the last couple of days looks like a weak buying as price whips around previous week high and today's failed breakout suggests that possible short term weakness in ES-Mini towards 2378
$Copper Chopping around Psychological level 2.5 moving back and forth around the Psychological level . Weaker Selling going forward. Gear up for pullback. For detailed views visit www.marketcalls.in
Nymex Crude is showing a short term consolidation on the hourly timeframe with divergence witnessed when fisher transform is applied over the chart. Daily Trade Sentiment turned positive which could bring imminent short term up move. www.marketcalls.in
Crude OIL is struggling around prev days high. Lots of chop around that zone indicates a possible lack of confidence from the buyers. Sentiment is holding negative on 15min charts.
Strong Price rejection in ITC 288-290 levels indicates that huge positive sentiment in IDEA is getting digested and smart money is booking their profits at higher levels. Possibly end of the trend in the very short term as historical surge in volume suggests smart money dumping and weaker hands are buying at all possible levels.
USDINR Daily charts are showing clear divergence when fisher transform indicator is applied over the charts. Fisher transform generally converts any probability distribution to Gaussian Probability Distribution. Thus making the indicator better in identifying turning point at the edges and helps trader in identifying trend reversals when comes to discretionary...
Responsive Coppock turning Green is a good indication that long term trend is possibly getting built. We had seen similar examples from Bharat Forge and Reliance mrkt.co.in
DR Reddy shows extreme sentiment and currently underperforming the benchmark index Nifty 50. Sooner or later - medium term uptrend is expected towards 3200 Despite all the negative sentiment stock is not loosing. Its a potential sign that trend reversal in place. For more sentimental analysis visit mrkt.co.in
Long Term trend in NVDA is down. It is more of Sell on Rise game. Only those who with herd mentality will buy on dips.