Last week, Indian markets sent out mixed signals, making the near-term outlook uncertain. A Reverse Hammer formed on the Nifty Futures daily chart last Friday, which also qualifies as a buy failure—a strong sell signal. Notably, this was the second close below the previous pivot low of 7th November, which is clearly not encouraging for the bulls. Nifty Futures daily chart showing a Reverse Hammer closing below support However, Bank Nifty tells a different story. It posted a c

After a very choppy December with numerous false signals, Nifty finally broke out of a range last Friday to close at an All Time High generating a Triple Top buy signal on the weekly chart. Weekly chart of Nifty showing a strong triple top breakout The broader market has performed in tandem. Consider below: ✅ Banknifty has also closed at a new ATH last Friday. The weekly candle is a long Bullish Engulfing that engulfs the prior 5 candles , a strong buy. Weekly chart of Bankn

Hello everyone! There’s a lot to talk about with the extraordinary rally in precious metals, especially Silver and Platinum . Silver  continued its fantastic run last week, marking the fourth straight week of gains  after breaking out of a 7-week consolidation . Over the past four weeks, prices have moved almost straight up, rising by about 33.5% . And the momentum doesn’t look over yet. Silver gave a fresh buy signal last Friday , closing at the high of the week , which keep

On Friday, the charts of Nifty and global markets moved in opposite directions, making it difficult to form a clear view for the coming week. Let’s break it down. On the Nifty daily chart, the index broke below a trading range earlier in the week but quickly reversed on Thursday and finally closed back inside the range on Friday after a gap up open. This is a classic false breakdown, where the price action pushes decisively northwards. Nifty Daily chart showing a reversal fol

Silver hit a new all-time high last week after breaking out of a cup-and-handle pattern. Friday’s strong green candle closed near the day’s high, showing solid momentum. Based on this breakout, the charts point to another 8% upside. Daily chart below. Gold, though not so strong as silver, is setting up well to break out of a 1-2-3 bottom pattern, possibly as early as next week. Daily chart below. Notice that Silver has considerably outperformed gold in the past few weeks. Wil

It’s been a strong week for the Indian markets. Nifty not only touched a new all-time high but also closed at one. Most broader indices moved up as well, except the SmallCap Index. Here’s a quick look at the weekly charts: 1️⃣ Nifty – Formed an outside candle and closed at a fresh all-time high. 2️⃣ BankNifty – Continued its steady uptrend to a new ATH. 3️⃣ CNX IT – Broke out of a double-bottom pattern. 4️⃣ CNX MidCap – Formed a bullish engulfing candle after breaking out two

Nifty has formed a piercing pattern and Nifty Futures a hammer on their respective daily charts after taking support at the gap up between last Tuesday and Wednesday. Bullish formations both. The weekly chart shows a bullish engulfing pattern which is also a 2nd breakout from prior pivot resistance at 25670. Weekly Chart of Nifty showing a Bullish Engulfing Pattern that breaks out of a 3 week range Daily chart of Nifty Futures showing a hammer at overnight gap support The set

Nifty and other frontline Indian indices make a bearish pattern last week - what to expect next?

After a largely uninterrupted bull run for exactly 2 months, the first great breakdown came on Friday, October 10th, caused by a 100% tariff announcement on Chinese imports by Trump. A big red candle breaking multiple supports and opening up the floodgates for further downside. However, the price action that unfolded over the last couple of weeks (see below) marks a great sell failure and points to continued upside. 1️⃣ As Trump publicly softened his stance over the weekend,