#DXY #EmergingMarkets
Watch for breakdown in DXY and breakout in Emerging Markets Index, its a matter of few sessions.
Co-Relation is shown in both charts since.
Thanks to @moneyworks4u_fa for his inputs.

More from Shivaji Vitthalrao🇮🇳
Thanks. Praj Industries perfect smart distribution. More weakness below 336. Rise to 355-365 can face selling pressure.
Below 336 I see 275 in few months as long as its trading below 388 on closing basis CMP 351. https://t.co/iMRpbTfOpU
Below 336 I see 275 in few months as long as its trading below 388 on closing basis CMP 351. https://t.co/iMRpbTfOpU

Your analysis and sl saved my time and some bucks otherwise I would've lost much bigger amount,
— lavish gadia (@gadia_lavish) August 10, 2021
Can you share your views on praj industry @shivaji_1983
Hindcopper -- Support (SL) 135 was held.
More upside above 158.
Targets as given 200-212
#Hindcopper
More upside above 158.
Targets as given 200-212
#Hindcopper
Hindcopper cmp146+
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) July 6, 2021
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside https://t.co/iofvrn6l5b
More from Screeners
Time for a new thread on the possibilities I am looking for.
Do read it completely to understand the stance and the plan.
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
Do read it completely to understand the stance and the plan.
This thread will present a highly probable scenario of markets for the upcoming months. Will update the scenario too if there is a significant change in view in between.
— Aakash Gangwar (@akashgngwr823) May 15, 2022
1/n https://t.co/jfWOyEgZyd
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it

One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.

2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.