Markets are a maze, but those who can infer the patterns and path, it can be mesmerising. True, sometimes you have hits sometimes you have misses, never the miss in the direction.
Pull any chart of any sector, they look heavy and calling for help.
We pulled some, one is here, doing it the PREPP TO POLLS later in the day.
The top left-hand corner is the bi-weekly frame,
1. Up move did not move towards the top end of the supply channel, flag 1
2. Evening Star pattern printed flag 2
3. Close below 22780 flag 3.
Now come to the right-hand corner of the graph, this is the pattern that unfolding just before the 2004 election, history repeats or rhymes? so much similar. Is this sufficient, or does one need more proof aka hope?
Suffice to say, the waves are volatile, the tide is tough, money saved is money made. Global cues weak, US yield spooking the market, third auction meets the tail wind.
Sell in May and go-way comes to our shores? who knows, if we have heat like that of Middle East, why not sentiment like the West?
For the bulls the body is still green, large lower wicks, the fall is opportunity to buy than sell here. Long term is all rosy, but short term is opportunity. Ask those who lived in those times, did they do what they are supposed to do, or will you do what you are supposed to do.
Suffice to say 22930 caps while 22500 stares. Month End Expiry in motion.
Supports 22630-22580-22530
Supply 22780-22830-22880-22930
Pull any chart of any sector, they look heavy and calling for help.
We pulled some, one is here, doing it the PREPP TO POLLS later in the day.
The top left-hand corner is the bi-weekly frame,
1. Up move did not move towards the top end of the supply channel, flag 1
2. Evening Star pattern printed flag 2
3. Close below 22780 flag 3.
Now come to the right-hand corner of the graph, this is the pattern that unfolding just before the 2004 election, history repeats or rhymes? so much similar. Is this sufficient, or does one need more proof aka hope?
Suffice to say, the waves are volatile, the tide is tough, money saved is money made. Global cues weak, US yield spooking the market, third auction meets the tail wind.
Sell in May and go-way comes to our shores? who knows, if we have heat like that of Middle East, why not sentiment like the West?
For the bulls the body is still green, large lower wicks, the fall is opportunity to buy than sell here. Long term is all rosy, but short term is opportunity. Ask those who lived in those times, did they do what they are supposed to do, or will you do what you are supposed to do.
Suffice to say 22930 caps while 22500 stares. Month End Expiry in motion.
Supports 22630-22580-22530
Supply 22780-22830-22880-22930
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