Hello Traders, NIFTY50 advanced to 21938 closing price, but failed to move above 22000! May this level is in the cards for tomorrows session. The move from the top @ 22126 back to 21726/21737 is a clear "three-down" and a test off the breakout level and the upper boundary of the rectangle! As long as this low is valid, price should rise to the blue rising trend...
Hello Traders, SuperMicroComputer, the bull stock, has been making new ATH`s in a row since the impulsive move at $276.- started on January 03! The first time I analyzed this stock was on December 17 and I saw a possible massive breakout to new highs ahead! That is exactly what has happened since then! Yesterday the stock closed at $663.35. The pre-market is now...
Hello Traders, NIFTY50 has done as expected! A new ATH @ 22126.80! Touchdown! This ATH was forecasted in my latter analysis! Price have risen to the upper boundary of the trend channel (blue line), but failed to break above. As a result of this behavior, we see a "double-top"!? To my view, two options come into forehand! First is, that this high is indeed one...
Hello Traders, today I`d like to share the chart of "Bajaj Auot Ltd"., an Indian stock, that has risen since 08/23 in an impulsive move! What caught my eye, is the fact, that the stock broke out to new highs on Friday, after a consolidation in a rectangle above 7419! If this brekout is succesful, the stock should advance to multiple new high`s in the coming days...
Hello Traders, In my last analysis I wrote about two different candlestick patterns. A "bearish engulfing" and a "morning star"! I also raised the question as to which of the two would take control of the market. Well, the bearish-engulfing was the stronger one and sent the NIFTY50 with a much stronger second bearish-engulfing to 21192 (daily low) and a close of...
Hello Traders, On the 17th of December I published an analysis for SuperMicroComputer, (Ticker: SMCI)! This stock is a "public stock" as many traders are investing in this leader in AI technology and you can read the analysis in all the press and websites! I wrote the following: " Anyway! The green trendline is the next to be crossed clearly, with the price above...
Hello traders, The NIFTY50 reached a new ATH on Monday the 15th at 22124. After this new "milestone" it fell to 21285 on Thursday the 18th. But since this possible wave 5 of the (3) high @ 21801 on the 28th, it has been moving within a clear "three-up", indicating a corrective move within an impulsive advance. The up and down pattern could be an (A)-(B)-(C) of...
Hello Traders, NIFTY50 has made a new ATH @ 21928.25 again on Friday 12! This was inline with my forecast. Bullish view! Probably, there is a "breakout" underway, that includes a push above the upper boundary of the trend channel (blue line)! My measured target, if so to come, is at or around the 22168 area! This move should be part of a wave 5 of (3)! Sideways...
Hello Traders, Happy New Year to all of you! The NIFTY50 made a new high at 21834 on January 01! It broke above the upper line of the trend channel. It has moved back into the channel. This is the scenario I described in my forecast. But was it all the way up? The N50 has been sideways since the January 1st high, which is a sign of sideways consolidation. If so,...
Hello Traders, The NIFTY50 has reached my final target for the year. Today's high @ 21801 was many points above my target @ 21693! Close @ 21778! So every point to come is a gift on top! The NIFTY50 has reached my resistance line (blue) of the trend channel and it will be interesting to see how it reacts there. More often than not, the price will bounce above,...
Hello Traders, Happy holidays and best wishes for 2024! The NIFTY50 has so far closed at 21593, just 99 points below my stated target. This leaves some room for the next sessions. On Wednesday, the N50 gave a sell-signal, a bearish-engulfing daily. This signal was confirmed the next day with a lower low below the signal candlestick. It is valid as long as the...
Hello traders, Today I want to show you SuperMicroComputer, the AI company. Since the stock bottomed out at $8.50 in October 2019, it has seen an impressive rally to $357.- in early August. After that, it fell to $226 on October 31 as a result of disappointing earnings. It has since moved sideways, crossing a couple of trendlines and showing a high-volume breakout...
Hello Traders, NIFTY50 closed at 21456 on Friday; another and a new ATH! Volume looks pretty good and my target @ 21692 is the next possibility! Monday's candle (12/11) was low volume and range bound. On Tuesday the market made a reversal candle, a bearish engulfing. However, this candle fails on Wednesday after showing a "long ledged doji" on Tuesday. As a...
Hello Traders, NIFTY50 is on the way! Price have gained to 21006, for the first time ever, and my target @ 21692 is still available! Indicators are showing a possible sideways consolidation in the coming week, and Future made a kind of "doji" candle. The candle on Monday will be probably pretty important and will carry a message in itself! My count, giving the...
Hello Traders, ORACLE, the US listed company shows a similar picture as Upwork did! Here, a break to the upside is at hand too in the coming hours or days! Breaking above $117.69 opens the door to $119.72, above that area to $120.82. More bullish potential is in the cards. On the other hand. A break to the downside @ $115.36 with higher volume turns the level of...
Hello Trader, Upwork is an English-language platform where clients can post short-term or long-term jobs and projects to freelancers worldwide (Ticker: UPWK @NASDAQ)! It's been a wild ride for the stock in 2023, but the odds are that a new advance is just around the corner. To do so, the stock needs to break above the upper border of the rectangle at $14.60 in the...
Hello Traders, Today the NIFTY50 reached my target zone as I wrote on December 01 @ 20665. It crossed this area by a few points, but closed above this area. My count is in line with my expectations and the coming days will show the way. Today the volume was high, but lower than on November 30. This is an indication of a continued advance. In extension of the...
Hello Traders, On November 19th I wrote the following words: "If the N50 extends above this area, the door could be open to the ATH @ 20222 area in the coming days, probably two weeks!" That is exactly what happened! The NIFTY50 extended its gains to 20291.55 on Friday. The new extended price target is @ 20665 area. This is just the target for a wave 3, so more...