A 3.5-year base breakout is seen in RK FORGE. It's also breaking out relative to the NIFTY SMALLCAP 100 Index.
I'm long from around the 900 levels for an initial target of 1345. Stop-loss can be a weekly closing under 680; making the risk-reward a little more than 1:2.
Not investment advice. This is only for educational and entertainment purposes. Please refer...
Sensex has now finished above the 2018-trendline for the third time on a weekly basis. RSI also showing strength.
More confirmation that India is now a good place to invest your money.
For educational and entertainment purposes. Not investment advice.
Can you spot the pattern? The past 2 times the SENSEX has out outperformed the S&P 500, we have seen big bases, trendline breakouts and RSI confirmation.
Wait and watch to see if history repeats itself this time too.
If the ratio stays above the trendline for a 2-3 week period, it's game on for Sensex.
For educational and entertainment purposes. Not...
ADA / BTC breaking those May highs.
When former highs were broken the last time around, ADA skyrocketed, dare I say to the moon.
What will happen this time?
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
ETH / SENSEX above 2.5 looks good.
Also, check out the superb trendline since ETH inception.
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
As long as we are above 36.9 for BTC / Sensex, there's no reason not to own BTC.
The almost-10-year-old trendline is also acting as a strong support zone.
One more interesting point to note is how BTC ripped up in May 2017 after breaking out of the Nov 2013 highs. After the May 2017 breakout, the former highs acted as support in July 2017. Post that retest, BTC...
3 shares - Reliance Industries, HDFC Bank and Infosys - weigh almost 30% of the NIFTY 50. These shares have returned anywhere between 18% and 35% in the last 3 years.
Looking at an equal weight Nifty chart can give a useful perspective about NIFTY movements.
As seen in the chart, NIFTY went nowhere for almost 6 years from April 2015. It only surpassed those...
