DrAnandM

DrAnandM

The Monthly resistance at 24500 Zone has worked like magic Is Nifty headed for 22000 20000? Looks very much likely Depending upon further Price action we will review about 18000 17000 if at all Likely to be tested

DrAnandM Updated 

Nifty has completed Elliott Impulse Wave cycle that began in 2008 And Awaits Correction Waves that should follow for decent future run up.. 0.5/0.61/0.78 Fib retracement is Possible, Which Will bring Nifty to 17000 Level.. 2025 2026 Crisis is about to Begin.. Mark the Level 24k to 25k If this zone is Respected, Then This Correction may begin with full...

DrAnandM Updated 

Below 1250, 1170 could be tested In ICICI Bank. Quick move around the Corner..

DrAnandM

ICICI Bank looks weak on Charts after having Given a Great Run. Reasons to consider Shorting below 1200 Technicals : 1. Rejection from fresh Weekly Supply Zone established around 1280. 2. Double Top in formation, to complete upon breakdown of 1200 3. Bullish Channel Breakdown 4. Bigger Parallel Channel Resistance Hit at ATH 5. Rsi Bearish Divergence on Daily...

DrAnandM Updated 

Price action between 2600 and 2750 will decide future of Gold, Whether it will continue to remain bullish or Witness a healthy correction. Below 2750, 2600 will remain a decent possibility. Sustaining Below 2600 will open Doors to 2400. See You out of the Range Again

DrAnandM

7000 and 6000 are the Two Value areas one may look for Longs Bajaj Finance Trading in a Greater Retracement Channel. Priming to Breakout of Yrs of consolidation

DrAnandM

2700 2750 could see some Decent profit booking for Gold, as it would mark the end of Impulse wave 5 of This Elliott that started at 1600.

DrAnandM

As mentioned in previous Analysis, support taken from 2370 If Gold sustains above 2450 2500 Short term 2700 could be tested Longer term 3000 could be tested Rationale: Support taken from 1. Fib 0.23 retracement of the rally from 1986 to 2450 2. DEMA 50 Bullish Flag Breakout

DrAnandM

Bajaj Finance has been Rangebound for 3 years now.. 6150 is crucial zone If Respected, then possibly 8000 zone could be tested If broken, then 5700 zone could be tested which may see a Sharp Bounce since it's a Demand Zone, pending a retest, taking to 8000 Zone again.

DrAnandM Updated 

2000 2008 And now 2025 Nifty is expected to witness decent Profit booking in the Year 2025. Sit on at least 50% Cash to be prepared for the Crash! 17000 to 18000 Levels could be tested if History is to repeat itself. Theory behind this Possibility playing out: Every time Fed has started QE, Stocks have corrected by around 50 to 60 %. Be it 2000 or...

DrAnandM Updated 

Since I've been grounded for posting frequent updates, by the Mods, My Analysis updates won't be frequent like before. Yeilding to the request of many. I'll continue to post weekly analysis. Crucial zones have been marked. Trade accordingly. See you outside these zones Happy Weekend 👍

DrAnandM Updated 

2405 immediate support 2370 Major And Crucial Zone Make or Break If respected, then 2425 2435 could be tested If Broken, then 2335 Zone could be tested Rest of the analysis on daily basis 🙏😇

DrAnandM Updated 

2410 2420 zone is going to be Crucial.. Bears may cover above this zone. Bulls will Show Strength above the Supply Zone 2700 Zone could be tested on sustaining above 2500 2200 Zone could be tested on sustaining below 2300 Between 2300 to 2500 is going to be consolidation. Rest of updates on daiiy basis

DrAnandM Updated 

Friday's Sell Off Definitely Suggests that Neither Central Banks nor China nor any other retailer is interested in buying Gold at such high valuation. Picture is getting Clearer. One May look for Selling Opportunity around the Supply Zone. Gold looks set to test 2200 Zone. Bullishness Only above 2380. Below 2380, Bears are going to be under Control. Bulls...

DrAnandM Updated 

2335 to 2290 Is going to be a Crucial Zone. If Respected, 2 Possible Scenarios Green - 2466 Zone could be tested Yellow - Some more consolidation before the Next Lower Low around 2170 If Broken 1 Possible Scenario Red - 2220 Zone could be tested.

DrAnandM Updated 

Possible Scenarios and Levels to watch for in coming days.. 2350 if respected, more Bullishness is possible If broken, then 2300 zone will be next zone to provide some support. Which again if respected, then consolidation may continue. If 2300 also broken, then Decent selling will be more aggressive. Where By 2250 2200 2150 could be tested.

DrAnandM Updated 

With Increasing size of Candles, And Rising Volume. Gold seems to be prepared for 2550 2600 zone. 2565 to be precise.

DrAnandM Updated 

2400 is going to be the Ultimate Zone, that could be Decisive. Above 2400, 2500+ could be tested.. Below 2400, 2300 2250 zones could be tested