Hello Traders, NIFTY50 is on track to my price target @ 18453. More bullish potential exist. Any pull back that ends above or at 17436-17211 range is a corrective setback on lower degree. A break of this level should open the door to 10756 and below to 16700 area! While N50 is rising since the level of 17300 range without any stronger correction, the air becomes...
Hello Traders, not much new to add for NIFTY50! My target area 18450 is still valid and N50 is on track to achieve it! A break of the 17326 level on a daily closing price is needed, to re-adjust the outlook! At this level, we have a wide support-range (orange rectangle)! Should this zone be broken downwards, then a move to 17200 should be next. Here, if it were...
Hello Traders, Back after a somewhat prolonged illness. Hang Seng is „dancing“ on a cliff! A drop below the support zone @ 23697 could have tremendous impact on the midterm chart picture. It could open the door to 23K area, and below, if so to come, to 22550 and 214xx levels. More bearish potential exist. After a 3-years lasting decline for the Hang Seng, a...
Hello Traders, NIFTY50 is on track to new highs all day! The bulls are wild, and it seems there is no limit for them. My mentioned target at 18450 is still valid! The „bear-trap“, I wrote at my latter analysis, was the right interpretation of the pattern. Just one day of „weakness“ and then up and away. It needs a break of the 17326 area for a more or less time of...
Hello Traders, Hang Seng broke below the level of 24424, what per my view could be interpreted as an „important low“! It declined close to the level of 23697, what I preferred as an important support zone; from here, buyers entered the market! As to see on the hourly chart, HS opened a gap-up, that was closed during Friday's session. This is an often seen...
Hello Traders, HangS eng made a low at 24424.74 on Friday. This low wasn't sold by traders and Investors; they bought the index, what could be a positive sign for the next days, maybe weeks ahead! As long as Friday's low is valid, there could be a countertrend-move underway. It can morph into more! Targets for this idea, are at or around the 24978-24151-15326...
Hello Traders, NIFTY 50 made a new ATH with a „spike“ @ 17792.95 on Friday. It reversed and closed the open gap, established by the opening the same day. This is a bear trap! I expect new ATH`s at or around 18450 in the coming weeks ahead! At the hourly chart, you will notice the „bearish-candle-formation at the top! A so called „evening-star“! It gaped to the...
Hello Traders, new ATH for NIFTY50 has occurred- 17436.50! Maybe one more high is next to come for N50; at or around the 17479-17500 area. Here, a wave 3 (grey) could end! We have multiple Fibo-clusters there, and I think it will be not naturally, that N50 is moving higher on and on! If so to come, a larger correction within a wave 4 (grey) should be next, which...
Hello Traders, since the low @24311 on August 20, HS has achieved the 0.382 Fib.-retracement of the decline from 29394. It failed to overcome the level and the area of resistance has one more level: 26456 area! As before. It needs a break of the area from 26454 to 26822 to advance to 27036 level. Here an open gap would be close. If so to come, HS should be able...
Hello Traders, NIFTY50 closed the week @ 17323.60, another top!“ The trend is bullish, and as long as there is no correction extending the 0.382 on a weekly basis, it still will go on.x My count on a daily basis is forecasting a new high for the week @ or around the 17422-17832 for the coming week! More bullish potential exist! Interspersed sharp corrections...
Hello Traders, NIO, the Chinese electric carmaker, has made a high @ USD 66.99 on the week on January 11 in 2021! Since then, the stock is in a corrective mode, what can be a wave 4 of major degree. In detail. In could be, that the high was a wave 3 top, with a wave 4 to follow, developing in the waves a-b-c. This wave could be done at USD 30.71 on May 21! The...
Hello Traders, HS has met rising trend line, that connects the low on Mary 25 and September 25. It act as support! The pull back since look like a corrective setup, that is done or close to do so! A break of the 26000 level should open the door to the 268xx area (blue line)! A decline to Thursdays low @ 25255 opens the door to 25036 and below to the low on...
Hello Traders, one more „up-week“ for NIFTY50! And one more new ATH! N50 has close the bearish gap it opened on August 20, reverse on Monday 23 and push to new ATH`s, both on a closing and intraday price level! A break of the high's will lead to a continuation of the bull-market, with more high's to come. On the bearish side, it needs a break of the 16400 area to...
Hello Traders, Hang Seng enter „bear-marked„ territory! It dropped to 24581.60 on Friday. It met a rising trend line, that connects the low on Mary 25 and September 25. Short term it could act as support, but the big picture for Hang Seng is bearish. A break of Friday's low on a daily closing price should open the door to the levels mentioned before. Another...
Hello Traders, NIFTY50 gaped to the upside on Monday and made new ATH`s at 16701.85! On Thursday it gaped once more, but failed to exceed the up move; instead it closed the open gap, what could be classified as an „exhausting-gap“!? So, the ATH at 16701.85 must be topped out for a continuation of the bull-market. At the downside, you will notice several more open...
Hello Traders, Hang Seng made his low at 24748.84 3 weeks ago! Since, it has risen to 26391 (closing basis) and creates a „bullish-Engulfing this week. This favours the idea for 2-3 more weeks with rising price. If so to come, HS will close the open gap from 4 weeks ago at 27321, closing price! To me, it looks as the correction should be done on the week of...
Hello Traders, my forecast played out, and N50 first made a corrective setback on August 9-11, and after it start to make new ATH`s! If the low, was waves ((ii)), green, next week should start a strong week to the upside within a wave ((iii)) green! It should push N50 much above the 17000 area. Any corrective setback should find support at the rising trend line,...
Hello Traders, Update for XIAOMI! At January 4th, the stock set it's ATH @ 35.90 HK$! Since, the stock is in a corrective mode, which is not done to the downside. Either we see a wave 3 at the top and wave 4 was done on March 8 @ 20.65 HK$ or, and it would fit much better to my view, we have a complete 5 waves at the top, with a wave a/w at 20.65, a wave b/x at...