Spread between US 2 year yield and Fed Funds Rate is one of the key indidcators to watch out for the state of the economy. Fed Funds Rate is an overnight rate. Historically, before any recessionary scenarios the spread was seen moving to negative territory, during Middle East Crisis in 1989/1990, dotcom crisis in 2000/2001 and Credit crisis in 2008. ...
WTI showing a clear Head and Shoulders pattern in Weekly time frame. Currently trading at around $68. Short trade favored on a drop below $60 with a stop of $65. Targets $32 which is the zone of yearly virgin pivot. Next target which is based on Head and Shoulders pattern is $7 to $10. Since this is a weekly time frame, might take a year plus for the targets to...
WTI Crude Oil has completed a nice Head and Shoulders pattern breakdown in the weekly chart and has retested the breakdown zone. Currently cruising at around $67. It is comfortably placed below yearly pivot. Currently the developing yearly CPR is posing a big resistance which possibly could push the price lower. It has also gone down below the yearly virgin...
BTC / USD 60000 A nice Volatility Contraction Pattern after a Strong uptrend. Looks set for a possible move higher towards 75k - 80k plus. Stop 50 day EMA 52000.
Price undercuts the previous swing low and flushes out weak holders. Previous undercutting instance resulted in a 71% upmove post breakout (from 35k to 58k). A similar magnitude of upmove is possible post trendline breakout (from 58k to 99k). Half of the magnitude will take it to 78k (35% upmove from 58k).
YesBank cmp 276 Target 400 plus Stop 265 Long suggested ABOVE 290. Logic: 1) Nice rounding bottom formation. 2) Shorter MA crossed 50/100/200 ma. 3) Bull candles accompanied by above average volumes and pullbacks accompanied with low volumes. 4) Long suggested above 287 which is the last key notable resistance zone. Ideally above 290 to give room for false...
WTI CMP 60.14 Moving in a long term channel. Moved past 40 ema in weekly chart (200day ema in daily chart). Odds stacked in favor of a move towards 75-80 levels.
Gold building a strong base with a series of HHs and HLs. Levels to watch out for a Directional trend following trade is a close above 1380 for a move towards 1800 plus. Still a long way to go, but worth keeping in the watchlist.
A) Prior trend top B) First bottom after correction from high. C) Pull back from first bottom. D) Second bottom that undercuts first bottom which is an ideal setup of a double bottom as per William O Neil . Price retracing back to hold 10 week ma. E) Pivot point for a possible buy. 1680 plus. Stop 8% below buy point. Fundamentally, YoY quarterly EPS growth has...
Astra Zeneca Cmp 1959 Long suggested above 2035 Stop should be around -8% of entry price. Logic - Cup and Handle Handle formation in progress with tight price action and tight volumes.
Cup and Handle formation process 1) Prior move before the cup formation is 50%. 2) Right side of the cup has increasing volume. 3) Handle with dried up volume in progress with very tight price action. 4) Long suggested above 122 ONLY IF VOLUMES ARE ABOVE THE PREVIOUS 10-12 PERIOD VOLUMES. 5) Stop should be around -8% of 122. Fundamentals: 75% promoter...
HUL CMP 1684 Stop 1600 Long suggested at around 1690 plus. Logic: Stock resting on long term upward trend line. Stock resting on 40 wks ema (200 day ema) with tight price action. Appearing to be a good setup with a favourable risk reward with a possible target of 1875 plus.
LUPIN cmp 735 Long above 750 suggested. Stop 715. Target 800 plus. Logic: 1) Stock trading at support zone. 2) Bullish divergence in MACD observed. 3) Support zone + Bullish divergence has had a strong counter trend rally in the past.
#NIITTECH cmp 1322 Long suggested ONLY above 1350 Positional Stop 1275. Intraday stop - Days low. Logic - Passes bullish trend template + Contraction in price/volatility/volume.
#DIVISLAB CMP 1532 Long suggested ONLY above 1550; Stop 1500 swing position / 1530 intraday position; Open target ; Logic : Trend template + consolidation pattern(Vcp).
#HAVELLS CMP 713 Buy above 730 Stop 675 Logic : Trend template + Cup and cheat pattern
#TCS CMP 2014 Buy above 2035 Stop 1975 Logic: Trend Template + W pattern
#INFY CMP 750 Buy above 760 Stop 710 Logic : Trend template + Cup pattern.