Prices remain above psychological 5,000 supports. We need a break above previous intermediate supports (support becomes resistance) at 5,200 levels for further positive confirmation. Another extension lower till next confluence supports at 4,800 or potentially lower is not ruled out yet. Alpha is a daily strategy signal product that gives trading and investment signals. Alpha […]
O modalitate simpla de a intelege care actiune subperformeaza si care suprapeformeaza este de a privi pana unde au ajuns preturile de la minimele din 2009. Cel mai recent raport din sectorul industrial ilustreaza cum Aerostar si VESY s-au intors la minimul din 2009. Desi COMI a coborat de cateva luni, inca se afla […]
The Indian market is in an intermediate correction down for nearly 40 weeks now. Prices are now testing psychological 5,000 levels. This is a key confluence support which brings us again to two possible scenarios: The oversold daily and weekly RSI momentum suggests a completing correction which should not really break 5,000 and after which […]
Bajaj Auto Daily. Prices are testing minor trend channel supports near 1,350 levels. A break sub respective supports would confirm that we are in the corrective (Y) wave down and suggest further negativity till at least previous lows at 1,200 levels. Yes Bank Weekly. The intermediate structure looks like a potential head and shoulders reversal, […]
LUPIN Daily. Prices continue to hold the intermediate trend channel up. However, the current structure looks like a completing B/2 wave up, after which a larger impulse down should begin. We need a break sub trend channel supports near 450 levels for a negative confirmation. Our targets lie at 420-370 levels. DR REDDY’S Daily. Prices […]
NIFTY Daily. Alternate. The alternate view suggests an ongoing corrective Y wave down till previous lows at 5,200 levels or even lower. 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 tracker and running portfolios. Alpha […]
BVSP.DAILY WATCH FOR A COUNTERTREND RALLY TO 65,300 ANTICIPATED ALPHA.GLOBAL.INDICES.290611. Has been revolving around our initial targets at 62,500 for a while now and subdivision (ii) of circle iii could trigger a rally to 65,300. But after that wave circle iii should resume the decline towards our second target at 57,700. The condition: the current […]
As a chart of the week, we have taken SSEC China (The Shanghai Index). China has been always been of key interest to the world. India looks at it to understand relative growth in China compared to India. On an Elliott perspective, SSEC seems to be making a cycle structure expanding diagonal with another final […]
PUNJ LLOYD Daily. Prices are retesting the neckline near 67-68 supports. We need a bounce from respective supports for the inverted head and shoulders reversal pattern to remain valid. The daily RSI momentum is over reactive down and sustains our view. CUMMINS Daily. Prices continued to push lower after retesting the minor trend channel near […]
NIFTY Daily. The preferred view looks at a completing corrective B/2 wave down, after which prices could push higher in an impulsive third wave up till 5,800-6,000 resistances or even higher. Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The […]