Hindalco Weekly. The intermediate structure looks like a potential head and shoulders reversal pattern. Prices look ready to break neckline and trendline supports near psychological 200 levels. A break here would push prices lower towards our intermediate target at 140 levels. Tisco Weekly. The intermediate price structure looks like a potential head and shoulders reversal […]
The name Friday comes from the Old English Frīġedæġ, meaning the “day of Frige”. The same holds for Frīatag in Old High German, Freitag in Modern German and Vrijdag in Dutch. The idea of patterns and order is used conveniently by behavioural finance to challenge conventional economics. But the question of why that order exists […]
BSE Capital Goods Daily. Prices broke neckline supports, validating the head and shoulders reversal pattern. Sub 12,800 we are looking lower till previous lows near 12,200 levels. Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through […]
S&P500.60MIN 1,300 SUPPORTS HELD, YET THE PREFERRED WAS REVISED ANTICIPATED ALPHA.GLOBAL.200411 Although our anticipated supports held, we needed to review our count on March-April price action and label it as subdivisions circle i and circle ii of wave 5. A break above 1,322 would reinforce the bullish scenario. While a drop below 1,295 is in […]
The preferred view continues to look at the current structure as a completing (w)-(x)-(y) correction down. Alternate suggests an ongoing Flat correction. This means that the impulsive (c) wave down could extend lower till 5,500 supports or even marginally lower. Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is […]
BSE Consumer Durables Daily. The current minor structure looks like a completing fourth wave correction. Key supports lie at 6,200 levels. The over reactive daily RSI momentum also suggests another rise to complete the impulsive C wave up. Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric […]
Bank of Baroda Daily Prices reach trend channel and key Fibonacci supports near psychological 900 levels. The over reactive daily RSI momentum suggests that respective supports should hold for now. We see the current structure as an ongoing W-X-Y-X-Z minor correction up which could retest 1,000 resistances before any reversal. Axis Bank Daily The preferred […]
The subminor structure looks like a completing corrective triangle. We need a break above 184 resistances for a positive confirmation. Above 184 our first subminor target lies at 190 levels. Immediate supports to watch lie at 182. Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking […]
BSE Capital Goods Daily. Preferred suggests an ongoing minor correction up which should push higher till 14,500-15,000 resistances. The over reactive RSI momentum confirms this view. Alternate suggests a completed A-B-C correction and a potential head and shoulders reversal pattern. Neckline supports lie at 13,500 levels. BSE Capital Goods Jiseki. Daily. The daily Jiseki cycles […]
The current minor structure looks like a completing corrective fourth wave down. Previous iv circle wave and key Fibonacci supports lie at 563 levels. The over reactive daily RSI momentum confirms our positive case. The final fifth leg up could push higher till psychological 700 resistances or even higher. Alpha is a daily strategy signal […]