iCharts Discussions

[manu_5123454]

from the last friday copper is trading in this traingle range, below the support line u may see some more down trend pattern according to chart analysis

[manu_5123454]

as i told before gold downtrend pattern has been completed , now it's trading above that level , but at this level may see some minor correction means in mcx 200 points max.

if gold touch in mcx 18300 again in 2 days then it will be very good oprtunity for buying for the tgt. of 19000/19300

[manu_5123454]

at this time wave pattern didn't creat as i thought before. but price line is trading above the previous high so it indicates for the B wave of impulse wave pattern and C wave should be near 5100 levells which is the strong support.

[manu_5123454]

bearish crossover in MA as well as Wave pattern r indicating beraish in fut. , dow may be creat new low near 9100-250 levels. and trading below the upper trend line.

[manu_5123454]

now see infosystech ----down near 3.5% as i posted before on 9th july

[manu_5123454]

before some days i have allready told that ----- i am in bearish means if u see the upper level could be max. 5500/20 and on downside 4800 levels. so according to my pattern C wave should be near 4800 / 4750 levels .

[manu_5123454]

according to my pattern C wave should be near 9300 levels as allready said before. & recently candles pattern near strong resitance line indicates bearish as well as Wave pattern also. but we look on MACD ,RSI indiactors which r showing positive divergence for bull so i think we will see huge bullish after touching previous low or 9300 levels.

[manu_5123454]

recent analysis with RSI and Volume are indicating bearish should be atleast 600 points

[manu_5123454]

click on this link-----http://www.icharts.in/forum/ew-analysis-on-nifty-und-commodity-t2510,postorder,desc,start,20.html

i told on 3rd july ---USDINR may go upward 48.5 levels in few days now its trading near 47.30 above my levels.

AND Dow chart indicates bearish in candlestick for the tgt. of 9600 or below . so please be very careful for the long position in commodity ( exclude gold) as well as stock market( nifty) ----SL recent high of DOW ( 10420)

[manu_5123454]

at this level ---i would like to suggest to exit from the long term portfolio in SBIN.

[manu_5123454]

now i think it should come down to 5300 levels with sl 5418 (spot) , in weekly 5350 as a strong supoort zone so break or closing below this level for indicating bearish --4800 .

i just want to say that near 5300 we may see some uptrend pattern above 5350 level but shouldnot be 100% of 1st wave

[manu_5123454]

3 MA are showing buy but if u look in the gap of in between 3 MA at higher level with ngative divergence indicates sell sell sell or buying power should be less than before and wait for sell signal in weekly chart

[manu_5123454]

daily RSI-A indicator indicates overbought and wait for the selling

[manu_5123454]

CRB index is based on commodity market ,& indicates for the complete of A wave according to chart

[manu_5123454]

after some days/period---shanghai index should be outperformer compare than the other market according to EW analysis