GOOD MORNING AND WELCOME TO DAILY BANKNIFTY 08/05 UPDATE INDThe trader attention live market update is a service that provides traders with real-time information on market trends and movements. The idea is to delivertimely updates on BANKNIFTY .
The trader attention live market update can help traders make informedtimely and relevant data to traders through various channels, The service would cover a range of financial instruments, and would provide analysis and insights to help traders make informed decisions. The trader attention live market update w
Economic Cycles
XAU, VIX, and the Great Reset
Dear new and experienced investors,
I'd like to draw your attention to a troubling trend in the financial markets. It appears that the current focus is on making retail traders emotional and undisciplined, which are leading to significant trader losses. The media is busy distracting us with divisive political agendas while the unelected global powers continue to destroy the world economy. Banks are failing, and the US financial monetary system is in bad shape. However, instead of addressing the
Jubliant Industry LONGNSE:JUBLINDS Has Shown shome Bullish interest on the Daily and Weekly Timeframe .
Currently is back into a discounted Bullish OB looking strong for some higher price levels of over 460 + levels ,
Simple Execution, Strict entry with the SL below the LTF structural low, and possible re-entry on confirmation.
JLong
Ready to trendIt is forming a flag pattern along with the head and shoulder pattern formation. Patterns work better on higher time frames. Hence these consolidations and patterns indicate that a new trend can start.
Doing cycle analysis. It moves in a 20 month cycle. But cycle analysis works best when done on a group of stocks and on multiple timeframes. Hence it is just an indication and timing factor not a deciding factor. Therefore it is the time to study business and the sector fundamentally also.
2x PotentialOn a Monthly log chart, it is near a 9 year old trendline. Looking at the chart it seems the price closes near the trendline every 3 years. Starting from 2014, 2017, 2020 and now 2023. Every time it has given a run up of 100-150%. But this does not guarantee. Hence as price keeps giving breakouts positions can be built.
Nifty and Nifty Midcap Divergence turns more blatantAs Nifty broke the Dec low of 17774 intraday the inter-market divergence between Nifty and the Nifty Midcap 100 index became more blatant. The divergence is a bullish divergence when one index makes a new low unconfirmed by the other. It remains to see how this will unfold.
Bitcoin TimeCycles1. Bitcoin is currently exhibiting a text example of Time Cycles in Play.
2. Staring from the All Time high Bitcoin is following a Cycle of 73-days which can rounded off to 75.
3. Cycles can be difficult to identify because they get lost in TREND.
4. Long Term Trend is bearish until price breaks the pivot high of previous cycle.
There should be a 15% correction in UNFIAccording to my analysis, UNFI has shown a 15% correction in the current uptrend. I opened my short at 6.67 and have a target of 6.3 and stoploss of 6.8. I am not a pro trader this is just my idea of the trade. Happy trading.
UShort























