#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🇮🇳

BEML

1. Stock is consolidating in the band 100-120 on lower side & 1900-1950 on upper side.

2. CMP 1344 1st targets 1850-1950

3. Medium term targets 2400-2500

4. Long term taregts 3500 first and then 8,000-10,000 in next 4-5 yrs

5. This is going to be 15-16 years breakout https://t.co/BXMv5GjsGW


6. Stock hits high 160-175 in 1995 & 1997

7. went into down trend, consolidated for 3 yrs 1999-2002

8. Gave breakout above 34 hinting at major shift in Feb 2002

9. Gave 1st multi year breakout in Oct 2003 above 160-175 which was failed

10. Next attempt in Sep 2004 crossed 175


11. Above 1995-1997 highs (160-175) stock went on to become 10x in a matter of 20-22 months

12. CMP 1344 Multi year breakout will trigger above 1950 on weekly closing basis

13. Will be watching 1st breakout above 1950

14. SL 1260/1100 depends on risk of the trader or investor

More from Screeners

You May Also Like

THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called
https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.