April 27, 2017

  • Crude one hour continues to trend below the cloud. 
  • 4 Hour chart suggest price likely to complete an inverted V when it hits 47.10 levels. Bigger bounce or reversal likely to be possible only from 47 levels.

April 26, 2017

  • Tata motors daily shows oversold indicator levels. Price is moving into a crucial support zone. If the level is held a reversal is possible. That is a Big IF and one has to trade with caution.
  • Week and Month shows the support levels. Bigger weakness for the stock on closing below 420 levels in Higher time frames.

April 24, 2017

  • Crude oil one hour chart continues to favour crude bears below the cloud. But price is approaching 200 SMA in daily time frame. This could be a make or break level for intraday traders. Break below this line could give 47 levels. If 200 SMA is held then a big reversal is possible.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore