#technical analysis

Polygon (MATIC) breakout from a 3-month descending wedge. This is a high-probability reversal pattern. Volume confirmation on the break. Target is the previous swing high at $0.95. Aggressive SL below the wedge at $0.62, conservative SL at $0.58.

How I use open interest in options: Rising OI + rising price = strong uptrend. Rising OI + falling price = strong downtrend. Falling OI + rising price = short covering rally (weak). Falling OI + falling price = long unwinding (weak). Always combine OI with pri…

EUR/USD and DXY (Dollar Index) are nearly 95% inversely correlated. Instead of analyzing EUR/USD alone, I always check DXY first. If DXY is at resistance and showing bearish momentum, EUR/USD is likely to rise. Always confirm with the index.

Adani Ports is setting up beautifully on the weekly chart. 12-week consolidation near ₹1,380 with declining volume — classic Wyckoff accumulation pattern. A volume breakout above ₹1,420 would be the trigger. Sector tailwinds with port capacity expansion news.

USD/INR technical view: The pair is testing 83.50 resistance. RBI is known to defend this level aggressively. If you are importing, this is a good level to hedge. If trading, the risk:reward of shorting here is attractive with SL at 83.80, target 82.80.

Bitcoin dominance chart is crucial. When BTC dominance rises, altcoins bleed. When dominance falls, altcoin season is starting. Currently at 54% and rising — this is not the time to go heavy into altcoins. Wait for BTC dominance to peak and reverse.

Fibonacci + order block confluence: When a Fib retracement level (38.2%, 50%, or 61.8%) aligns with an unmitigated order block, the probability of reaction increases significantly. I only take setups where at least 2 factors align at the same price.

AUD/USD has formed a double bottom on the 4H chart at 0.6480. RSI divergence confirms the setup. RBA tone has been less hawkish than expected — AUD might see temporary weakness first. Watching for a clean break above 0.6520 before committing to longs.

Interesting observation: Every time India VIX spikes above 20, Bank Nifty makes a tradeable low within 2-3 sessions. VIX is at 21.4 today. Historical edge suggests buying Bank Nifty dips here with defined risk. Not financial advice — study your own data.

Infosys breaking out of a 4-month base on strong quarterly results. Volume on today's candle is 3x the average. Adding to my existing position. The measured move target from this base is ₹1,920. SL below the base at ₹1,620.

Nifty 50 analysis for the week ahead: The index has formed a bull flag on the weekly chart with key support at 22,350. FII data shows ₹4,200 crore buying this week. Bias is bullish above 22,350 targeting 23,100. A close below 22,200 invalidates the setup.

Bitcoin has broken above the $67,000 resistance after 3 failed attempts. Volume is confirming the move. Looking at $72,000 as the next major target. Keep stops tight — the $65,000 level must hold on any pullback for this breakout to remain valid.