Category Archives: Technical Analysis

On hourly (H1) charts, bearish Wolf Wave pattern has emerged on Bharti Airtel. The target could be 249-245.5 which is the confluence region for the Fibonacci Expansion of 3-4-5 move and Fibonacci Retracement of the recent swing high/low. Now it’s … Continue reading →

SP500 in last few days was under pressure due to the European debt concerns, recent weak global economic data especially from the Euro zone and FOMC meeting. With FOMC meeting proving to be a non event and US elections nearing, … Continue reading →

After making record highs and posting good Q1 results, HDFC bank has started correcting recently since 11th July, 2012. Though, it has the potential to break 600 levels, the external events in the form of prevailing sovereign debt crisis in … Continue reading →

The Mideast conflict between Iran and US led Israel is risking the world towards another recession caused by the spike in crude oil prices. With no resolution in sight, the situation is getting worse and everybody is wondering - can … Continue reading →