Hi guys, Hope you went through my tagged Nifty analysis. Nifty has now broken down below very important Support trend line that was supporting index right from April 2020 (Pandemic low of 7500). Though chances are less but Nifty might try to retest support trend line taking consistent resistance now. On other hand if Global Indices especially US markets fall...
Crude oil crash was predicted when oil was trading above $75. Now wait for targets highlighted with green supports t1 66 t2 57.5
UKX (FTSE FUT) has broken support trend line and is ready for correction to ultimate level of 6500 keeping SL of 7200. Refer chart for further analysis. TVC:UKX
Gold the Shiny precious metal is back on 🔥 and this time it's eyeing a huge target of $3000 - (calculated by my research). You can observe a beautiful cup and handle pattern embedded with double bottom (W) pattern at $1680. Buy and hold it with SL $1750/$1680 for targets of 1915/1950/2050/3000.
India's Main Index Nifty 50 is currently trading around 15812 (On closing Basis). Nifty is currently at a very tough spot and struggling to close above 15900. It is consolidating currently in a range between 15900-15600. Final breakout in Nifty50 is very near as a very important Bullish (Support) trend line has approached it's current market price. It's either...
Crude oil fell from the levels of $77 recently on 6/7/2021. After retracement, it is ready for next leg of fall. Kindly refer chart for further reference. SL should be placed above $77 day closing & $78 swing.