Trading Chakra (@tradingchakra) 's Twitter Profile
Trading Chakra

@tradingchakra

Knowledge x (Trading Systems + Market Perspective)

ID: 1671420101491404801

linkhttp://tradingchakra.in calendar_today21-06-2023 07:30:50

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954 Followers

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Piyush Chaudhry (@piyushchaudhry) 's Twitter Profile Photo

Markets Stance Trading Chakra The thing that’s strangely unique about the Markets bounce since August Lows is that the entire rally has been led by Defensives: Pharma, FMCG and somehow IT clubbed with them. While FMCG has retreated since couple of days, IT & Pharma have

Piyush Chaudhry (@piyushchaudhry) 's Twitter Profile Photo

Currently, there are limited cues in Markets. However, one notable data point is the increase in FII's Longs in Index futures (blue). This rise coincides with the breakout in NIFTY, a confluence that was also observed at the end of June.

Currently, there are limited cues in Markets. However, one notable data point is the increase in FII's Longs in Index futures (blue). This rise coincides with the breakout in NIFTY, a confluence that was also observed at the end of June.
Trading Chakra (@tradingchakra) 's Twitter Profile Photo

A day before Fed Meet, #DowJones is attempting to crossover Inverse Head & Shoulders Neckline /zone. Shoulder Depth: ~4% Head Depth: ~8% Contingent to sustenance, of course.

A day before Fed Meet, #DowJones is attempting to crossover Inverse Head & Shoulders Neckline /zone. 
Shoulder Depth: ~4% 
Head Depth: ~8% 

Contingent to sustenance, of course.
Trading Chakra (@tradingchakra) 's Twitter Profile Photo

NIFTY is about to reach the upper band. There's still some room though. Not requiring any urgent attention, but something that we need to keep in mind, and we'll revisit this every few days.

NIFTY is about to reach the upper band. There's still some room though.
Not requiring any urgent attention, but something that we need to keep in mind, and we'll revisit this every few days.
Trading Chakra (@tradingchakra) 's Twitter Profile Photo

NIFTY forming a Shooting Star on Daily charts. Only a break below blue diagonal support Trendline changes the Trend on relatively larger picture.

NIFTY forming a Shooting Star on Daily charts. 
Only a break below blue diagonal support Trendline changes the Trend on relatively larger picture.