Here is a chart of Indian Nifty in Dollar adjusted value. As is obvious from the above chart, Nifty has not even crossed the June highs, leave alone the April highs. And this could be the completion of a right shoulder in a head and shoulder top. While Nifty could very well continue to push […]
Hi everyone, I’ve been erratic with my posts and that will continue to be the case all through July. I’m relocating out of UK and my time and energy is focused on the relocation. Hopefully, by 1st of August Ill be all set in Singapore and updates on this blog should get regular. Will keep […]
For the first time since 2009 cracks have started to appear amongst India’s banking stocks. ICICI bank is showing considerable weakness and a close below 815 may weigh heavily on the banking index. HDFC bank is showing potential for a double top – of course this is not fatalistic but a close above 2025 will […]