Hello Traders, NIFTY50 made a low @ 21821 on May13th and is rising since. For those traders, who failed to enter the market the very next day, a bottom could be achieved. A stopp level for the bulls can be set @ or around the 22055 area! As per my count, a wave (c) was done at the low and N50 is ready to advance to a new ATH in the coming sessions. Because of...
Hello Traders, Since April 28th, my last analysis, the NIFTY50 has dropped almost 400 points to close at 22055 on Friday, May 10th! This was in line with my expectations and analysis! The intraday low was ~100 points lower. I left my forecast arrow unchanged, so you will be watching my work! What can we expect from the index next week? Overall to say, the index is...
Hello Traders, The NIFTY50 rose to 226625 on April 24th and broke above the upper boundary of the channel, but failed to break above this area the next day as well. It falls back to a closing level of 22419, with heavy volume in the range between the open and close. On the 15-minute chart, the move from 22725 to 21777 can be seen as an impulsive move, which could...
Hello Traders, NIFTY50 dropped to 21777 on Friday's session. My call was, that a drop below, 22303 would open the door for more selling pressure. That's what happened; more than 400 points was the decline for N50. The move since is strong and directly up, a so called "v-reversal" with a gap to the upside this morning, that is still open so far. Sooner or later,...
Hello Traders, NIFTY50`actually ATH @ 22775 could be one for the long haul! Like a slack-liner, N50 is dancing on the upper boundary of the trend channel. A break below this line could open up more bearish potential for the index! The move of the possible wave c of the (4) low at 21137 is not yet a clear impulse! So, the chances are that this move will be one,...
Hello Traders, The NIFTY50 made a new ATH as predicted! This was in line with my expectations! It rose to the upper border of the blue trend channel and spiked into the black channel, but failed to close. As a result of this behavior, a "hammer candlestick" was left at the top of the chart! A "bad" indication? Well, let's take a closer look . Of course, for more...
Hello Traders, The NIFTY50 fell into my target zone of 21750-21700 this week. After this decline touched this zone, it reversed and it was probably the whole weakening phase for N50! Wednesday was the low of the mentioned range and on Thursday N50 jumped with a massive gap of 150 points to a daily close @ 22011. Today's candle is a bullish engulfing, a candlestick...
Hello Traders, NIFTY50 failed to overcome the upper line of the trend channel (blue line) and shows weakness at the last week! It also pulled back into the upper box and crosses the black trend channel below the lower boundary! The importance of the blue trend channel has been confirmed, and the door seems to be open for 217xx range in the coming week. The...
Hello Traders, The NIFTY50 hit my target @ 22500 this week! The high @ 22525 may not be the end of the bull run, but it could be! If the trend extends next week, a new target range is @ 22900! This is the upper border of the trend channel (black lines)! The second trend channel (blue lines) is more important to watch on the chart. Since mid-December 2023, the...
Hello Traders, Since my last analysis NIFTY50 is on its way to 22500 range. The high so far is @ 22440 and shy below! So only 60 points are left. Well, if the trend continues, the target will be reached in the coming sessions. If 22500 area is not the end of the bull run, a higher target is at or around 22900 area as mentioned before. If N50 drops below the blue...
Hello Traders, a wild ride for SMCI at the past week! Vola is back! The massive buying-panic on Thursday`s session (`caused by the excellent earning @ Nvidia) has been sold on Friday! My last count assumed a wave b upwards and a wave c to follow! I called this wave a "sucker-wave, `cause they try to lure traders to the wrong path! "B-waves" are kidding you, are...
Hello Traders, The NIFTY50 has moved into the upper rectangle and touched the blue trend line, which is resistance. On Friday, it tried to cross the line but failed. This underlines the importance of this line! For the bulls! If N50 moves its way, the next target is around 22500 range, which will make a crossing of the blue line happen in the coming sessions....
Hello Traders, SMCI fell to 692.- and reversed strongly. Today`s pre-market price is @ $839.20, caused by the excellent earnings @NVIDIA! But where does the stock go from here? A wave usually appears in sub-waves on all time units. This means that 5s or 3s are also visible here. So far this is not visible for SMCI. I suspect that the jump in the pre-market is...
Hello Traders, NIFTY50 has worked off my targets to the upside as well as the downside @ 21530! On Wednesday a bullish-engulfing was formed by traders, a buy signal who pushed N50 the very next two days to a week's closing price @ 22040! A positive sign with a close above 22K! Note the two gap-ups at the chart; a fact that traders had some new information that...
Hello Traders, SMCI has risen to $1077.87, which is shy below my cited target $1088 as announced at my last analysis! It opened with a gap-up, but right after the first few minutes of trading, the stock changed direction and a "sell-off" started! As a result, the closing price of the trading session was @ $803.32, a loss of 274.55 or about 25% from high to low!...
Hello Traders, SMCI has no mercy on traders who bet on declining price! The stock is rising from high to high and the reward for those who bet on this scenario is unbelievable! Next stop should be around $1000.-, an extended price target is around 1088.-! While the stock has been rising with higher volatility, it needs a drop below 745.- range to call out a "stop"...
Hello Traders, SMCI has made new ATH @ $745.17 on Friday! For whom which trade this stock, a great reward ratio! But what to expect ahead? Well, the highs are not supported by increading volume. That means, most traders are invested in this stock. For me, a "danger" situation. But, what do I know? Anyway! A pause of the bull market, should lead to a longer time of...
Hello Traders, The NIFTY50 has dropped back to the top line of the yellow rectangle! This could be a "test" of the breakout level at 21754. Friday's candle was bullish. So the odds are that the coming week could be seen in positive territory! In detail: The blue rising trend line of the longer-term channel needs to be broken for more bullish potential! A trade...