Hello Traders, NIFTY50 failed to overcome the upper line of the trend channel (blue line) and shows weakness at the last week! It also pulled back into the upper box and crosses the black trend channel below the lower boundary! The importance of the blue trend channel has been confirmed, and the door seems to be open for 217xx range in the coming week. The...
Hello Traders, The NIFTY50 hit my target @ 22500 this week! The high @ 22525 may not be the end of the bull run, but it could be! If the trend extends next week, a new target range is @ 22900! This is the upper border of the trend channel (black lines)! The second trend channel (blue lines) is more important to watch on the chart. Since mid-December 2023, the...
Hello Traders, Since my last analysis NIFTY50 is on its way to 22500 range. The high so far is @ 22440 and shy below! So only 60 points are left. Well, if the trend continues, the target will be reached in the coming sessions. If 22500 area is not the end of the bull run, a higher target is at or around 22900 area as mentioned before. If N50 drops below the blue...
Hello Traders, a wild ride for SMCI at the past week! Vola is back! The massive buying-panic on Thursday`s session (`caused by the excellent earning @ Nvidia) has been sold on Friday! My last count assumed a wave b upwards and a wave c to follow! I called this wave a "sucker-wave, `cause they try to lure traders to the wrong path! "B-waves" are kidding you, are...
Hello Traders, The NIFTY50 has moved into the upper rectangle and touched the blue trend line, which is resistance. On Friday, it tried to cross the line but failed. This underlines the importance of this line! For the bulls! If N50 moves its way, the next target is around 22500 range, which will make a crossing of the blue line happen in the coming sessions....
Hello Traders, SMCI fell to 692.- and reversed strongly. Today`s pre-market price is @ $839.20, caused by the excellent earnings @NVIDIA! But where does the stock go from here? A wave usually appears in sub-waves on all time units. This means that 5s or 3s are also visible here. So far this is not visible for SMCI. I suspect that the jump in the pre-market is...
Hello Traders, NIFTY50 has worked off my targets to the upside as well as the downside @ 21530! On Wednesday a bullish-engulfing was formed by traders, a buy signal who pushed N50 the very next two days to a week's closing price @ 22040! A positive sign with a close above 22K! Note the two gap-ups at the chart; a fact that traders had some new information that...
Hello Traders, SMCI has risen to $1077.87, which is shy below my cited target $1088 as announced at my last analysis! It opened with a gap-up, but right after the first few minutes of trading, the stock changed direction and a "sell-off" started! As a result, the closing price of the trading session was @ $803.32, a loss of 274.55 or about 25% from high to low!...
Hello Traders, SMCI has no mercy on traders who bet on declining price! The stock is rising from high to high and the reward for those who bet on this scenario is unbelievable! Next stop should be around $1000.-, an extended price target is around 1088.-! While the stock has been rising with higher volatility, it needs a drop below 745.- range to call out a "stop"...
Hello Traders, SMCI has made new ATH @ $745.17 on Friday! For whom which trade this stock, a great reward ratio! But what to expect ahead? Well, the highs are not supported by increading volume. That means, most traders are invested in this stock. For me, a "danger" situation. But, what do I know? Anyway! A pause of the bull market, should lead to a longer time of...
Hello Traders, The NIFTY50 has dropped back to the top line of the yellow rectangle! This could be a "test" of the breakout level at 21754. Friday's candle was bullish. So the odds are that the coming week could be seen in positive territory! In detail: The blue rising trend line of the longer-term channel needs to be broken for more bullish potential! A trade...
Hello Traders, NIFTY50 advanced to 21938 closing price, but failed to move above 22000! May this level is in the cards for tomorrows session. The move from the top @ 22126 back to 21726/21737 is a clear "three-down" and a test off the breakout level and the upper boundary of the rectangle! As long as this low is valid, price should rise to the blue rising trend...
Hello Traders, SuperMicroComputer, the bull stock, has been making new ATH`s in a row since the impulsive move at $276.- started on January 03! The first time I analyzed this stock was on December 17 and I saw a possible massive breakout to new highs ahead! That is exactly what has happened since then! Yesterday the stock closed at $663.35. The pre-market is now...
Hello Traders, NIFTY50 has done as expected! A new ATH @ 22126.80! Touchdown! This ATH was forecasted in my latter analysis! Price have risen to the upper boundary of the trend channel (blue line), but failed to break above. As a result of this behavior, we see a "double-top"!? To my view, two options come into forehand! First is, that this high is indeed one...
Hello Traders, today I`d like to share the chart of "Bajaj Auot Ltd"., an Indian stock, that has risen since 08/23 in an impulsive move! What caught my eye, is the fact, that the stock broke out to new highs on Friday, after a consolidation in a rectangle above 7419! If this brekout is succesful, the stock should advance to multiple new high`s in the coming days...
Hello Traders, In my last analysis I wrote about two different candlestick patterns. A "bearish engulfing" and a "morning star"! I also raised the question as to which of the two would take control of the market. Well, the bearish-engulfing was the stronger one and sent the NIFTY50 with a much stronger second bearish-engulfing to 21192 (daily low) and a close of...
Hello Traders, On the 17th of December I published an analysis for SuperMicroComputer, (Ticker: SMCI)! This stock is a "public stock" as many traders are investing in this leader in AI technology and you can read the analysis in all the press and websites! I wrote the following: " Anyway! The green trendline is the next to be crossed clearly, with the price above...
Hello traders, The NIFTY50 reached a new ATH on Monday the 15th at 22124. After this new "milestone" it fell to 21285 on Thursday the 18th. But since this possible wave 5 of the (3) high @ 21801 on the 28th, it has been moving within a clear "three-up", indicating a corrective move within an impulsive advance. The up and down pattern could be an (A)-(B)-(C) of...