SUMMARY: IDEA DAILY (IDEA) Prices broke minor trend channel resistances and pushed higher till 0.5 key FIB levels. Above psychological 80 levels we get more positive confirmation. BHARTI DAILY (BRTI) Prices broke true trendline resistances. Above key 865 levels we get more positive confirmation. MAHAGANAR DAILY (MTNL) Prices are heading to trend channel resistances near […]
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Login to the member’s area to read the report here. MOVING AVERAGE SPECIAL SUMMARY: DLF DAILY (DLF) Moving average crossover is still negative. We need a clear break above key 360 levels to look for any reversal. HDFC DAILY (HDFC) Prices continued to hold below key resistance levels at 2,600. Moving average crossover has just […]
Q: Do the inter-market cycles still suggest that nifty under-performs DOW/S&P? A: Intermediate Sensex vs. Dow, Nifty vs. Dow, Nifty vs. S&P500, performance cycle remains negative. There are a lot of analysts using seasonal tendencies. We don’t look at seasonal tendencies so closely. Q: Neckline Retest: I think the neckline has been retested and nifty […]
Challenging a seventy year old market forecasting theory isn’t easy. It is tougher if one is a practitioner himself and a believer in the Elliott wave theory of price fractals. However, when we talk about TIME FRACTALS, PRICE FRACTALS have a strong challenger, even if the theory of TIME is at a nascent stage. We […]
SUMMARY: ROMPETROL RAFINARE WEEKLY (RRC). Minor trend is up. We don’t have a trend reversal yet. PETROM DAILY (SNP). Prices continue to move sideways after breaking the intermediate channel. A break of the current support at 0.23 levels would be negative. OIL TERMINAL WEEKLY (OIL). Moving average crossover gives the first signal of a trend […]
SUMMARY: OIL AND NATURAL GAS DAILY (ONGC). ANTICIPATED AND HAPPENED As anticipated, prices broke true trendline supports. Moving average crossover has turned negative again. Below psychological 1,000 levels we get more negative confirmation. RELIANCE ENERGY DAILY (RLIN). ANTICIPATED AND HAPPENED As anticipated, prices broke key supports near 1,100 levels and pushed lower. What we see […]
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