Investment
KIRLOSKAR FERROUS IND LTD Cup and Handle Pattern Formation*KIRLOSKAR FERROUS IND LTD*
Time Frame : Daily
Observation:
* Cup and Handle Pattern Formation
* Swing High Brake
Resistance/Target: 300 322 345 358
Support : 248 236 200
NIFTY - AnalysisNIFTY - Analysis
What happened on Friday, was just a dead cat bounce from 200 ema or can also be called a relief rally to the 50 bps hike.
What follows ahead -
Expecting NIFTY to fill the gap on the upside (17327 to 17475) first, then resume it's downward journey towards 16250.
Will post further analysis after 16250.
ZYDUS LIFESCIENCES Parallel Channel Pattern Breakout*ZYDUS LIFESCIENCES*
Time Frame : Daily
Observation:
* Parallel Channel Pattern Breakout on Daily time frame
* 380 Swing High Break
* Mean (EMA) Diversion on Hourly time frame.
Resistance/Target: 401 420 452 486
Support: 350 329; Dynamic Support for EMA 200 on Hourly Time Frame.
S&P500 - Hammer time, good chance of a rebound. $SPXHammer on the daily chart needs confirmation, but the low price coincides with the Fibonacci level 2 and the static support of the November 2020 high. The stochastic is oversold on the daily, weekly and monthly chart is at 2008 levels. Previous situations always followed by a rebound. On the weekly chart, the rebound occurred followed by an increase in volumes which at this time are still low. Friday's downside stopped at a double low from June 2022. If confirmed, there is a good chance of a rebound. Take care.
Have you remembered.I have been published an idea previous weeks that market will fall , especially bitcoin.
Now i am going to clear this for you people that bitcoin is making inverse cup and handle form.
So bitcoin will fall to 13k to 16k soon , then it will step on on the bullish track.
Its on higher time frame so you have to wait for proper long term investment 😉🙂.