The game is ON!!

Jan 10, 2022

Negatives

• Broken trendline
  
• Unhealthy trend over past two years
  
• Bearish sentiment over increase in interest rate
  

Positives

• Just above a critical support area
  
• In potential reversal zone
  
• Too much bearish sentiment and possible exhaustion
  

Probabilities

• If drops below 15000, can slip another 1k
  
• close above 15350 either today or tomorrow might lead to quick recovery
  

Jan 10, 2022

Note

Good recovery by the end of session. Also supported by good volume. Rejection is evident. 17500 here we come!!

Jan 12, 2022

Note

16400-16450 seems to have lots of rejections on hourly. I believe it’s free run till then.

Jan 12, 2022

Note

May dip a bit today as there is fed announcement on economic outlook today and CPI data release tomorrow.

Jan 19, 2022

Note

Same support levels. Can we hold the line?

Jan 20, 2022

Note

Major trendlines broken and bullish patterns hit stop. Though futures are up, feeling bit bearish till we recover back to 15700 again.

If cannot break the resistance, we are soon going to see 14500 or 14000.

Too much support beyond 14k, hence, do not see going further down.

Jan 20, 2022

Note

Some good support at 14500 levels.



Hope this holds.

Jan 24, 2022

Note

We are at 14k sooner than we expected. One last chance for recovery.

Jan 26, 2022

Note

Since, 14k held well, next step is to look for recovery upto 15k.



Price may range between 14k to 15k for a while!!

Jan 31, 2022

Note

Under resistance in hourly. May have short retrace before resuming upward movement again.

Feb 2, 2022

Note

Trend is up. But, need to retest 15k.