Reliance has been in the zone for a while and recently broke its trend line and retested today. Connecting the dots with the AGM today, and the near future happenings within the company reliance might be on a long term uptrend towards 2600 levels.
All my trend lines have been respected lately, waiting patiently has always given great results. If the fall continues towards 34000 level. BankNIFTY has a great Supply zone between 34300 & 34000 , great to start adding BankBees, BN futures or Banking stocks during this zone in every dip. Confirming with Fib .50 levels, 100 EMA, and previous demands zone...
While the markets in red can send jitters, I observed 5 patterns screaming it's a bullish trend soon. 1, Symmetrical Triangle in formation on Daily charts. 2. Taking support at diagonal support line (support 1) 3. If break or long wick, it might take support at another strong(est) diagonal support line (support 2) 4. RSI Divergence on Weekly Timeframe hinting...
Silver has been consolidating for a while, and on a verge of a breakout. Hold positional till TARGET 94000+. SL: 63540
FTX:SOLUSD formed a cup and handle will be ready to breakout big. Trade with stop loss under the handle, invest without worry. Fundamentally its quite interesting wiith following currencies using the SOL blockchain. 1. USDT 2. CHAINLIINK 3. LUNA 4. GRAPH 5. REN
4 Confirmations across patterns, fib levels, support and resistances say ETH is dropping to these levels.
Till it decides direction, best to scalp away. The Risk Rewards seem favourable at 1:4 to 1:3. Chart is self explanatory.
Just a trend analysis, trade for yourself. I use it to trade futures, and there by all alt coins follow BTCs trend aswell. But always remember: "The Market is a mechanism to transfer money from those who cant wait to those who can" Just like a ninja, wait for the right opportunity before you strike hard.