Sarcastic_Sharma

Sarcastic_Sharma

Beware of all such institutions coming in to 'democratize' an already democratized asset since its inception. They will hunt your stop losses. They will make you sell. And just when you will sell at a loss, the institutional rally will start and their democratizing will initiate. The best way to own BTC is still Cold Hard Wallets. Own it, Keep it Away for a few...

Sarcastic_Sharma

the last shakeout, expect a trading trange around 16600 levels. ATH incoming. Sector wise capital rotation would be benefecial with special eye on Infra, Energy, Defence. This could be The decade for India.

Sarcastic_Sharma

A trend change can be a 1: Movement stopping its trajectory and moving sideways. 2. Trend Reversal with lower highs or lower lows (in this case) Confirmation would be a lower high and a breach of support which has already happened towards the last hour of trading on Expiry Day, Nov 17. The correction could give a retracement to 17700-800 levels. Monthly Expiry...

Sarcastic_Sharma

In 2021-2022, the Gold/Silver ratio has fluctuated greatly, ranging between around 65 and 95. 2020: For the year, the gold-silver ratio peaked at 114.77, the highest it's ever been since 1915. 1991: When silver hit record lows, the ratio peaked at nearly 100. Since money is cyclical and follows wherever it anticipates gains, Bonds can be a very good indicator to...

Sarcastic_Sharma Updated 

3.14 Extension is a Parabolic move in Harmonic Patterns , and often unsustainable. We are approaching it. As usual, let the levels speak for themself. No macro-bullshit, the markets says it all.

Sarcastic_Sharma Updated 

Not Financial Advice Just a fun chart of past behaviors and patterns. Timeline is irrelevant. Above Idea negates and levels change if Fed Pivots sooner and QE comes back. Time your entry so that you always get in the happy hour. Oh and needless to mention, In case Nuclear Holocaust comes before the Target, we'll just hv a party on the Moon in the afterlife. Its...

Sarcastic_Sharma

Crude Oil Issues, Supply Constraints, Rate hikes by Banks, Rampant Inflation, And Sanctions. These are just some of the factors which one has to consider while taking a Swing Trade or even Invest in today's market. The War may have triggered food inflation and Oil issues but the problem IS, Was, and always has been the 'Easy Money' philosophy of the United...

Sarcastic_Sharma

Parallel channel, An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern.

Sarcastic_Sharma Updated 

Retest has been done. You know what happens when commodity prices start outperforming stock market? Its the start of the journey down. any dip in precious metals is to be bought. Crypto dips are to be bought. Run away from stocks and stock market unless you know what you're doing. Even then, there's a lot of pain coming. Inflation coming. Then will come Price...

Sarcastic_Sharma Updated 

If you had been seeing these charts then you might have come across my previous posts that kinda had taken into account the 3% gapdown and the volatility that followed the last coupla days. Needless to say, the volatility is far from over but for now its business as usual. Now if have some experience in this market as a buyer or as a seller, You have been enjoying...

Sarcastic_Sharma

Let me jst preface this by saying : this is a purely speculatice piece. No trader is a fan of gap-ups and gap-downs not only does it dries up the momentum but it also denies the opportunity for traders to get in the run. Indian Nifty 50 might be the only index in the world where more trading is done on its foreign listed branches. No doubt this day's market is a...

Sarcastic_Sharma

The end of any large time frame type pattern usually results in a congestion as we move in closer and closer to the convergence of trend lines. If you are an option buyer, this could be your Afghanistan, viz the graveyard of option buyers as momentum becomes highly erratic and theta doesnt let you sit at any position. Now would be an ideal time to sit aside take...

Sarcastic_Sharma

Markets are showing both bearish and bullish patterns, this is not the time to hold anything, as every little move is proving unpredictable after initial target. Newbies will get slaughtered in this market right now. Experience is necessary to survive right now. If one wants a concrete trade or a simpler market, give it a rest, go on a holiday, this is not the...

Sarcastic_Sharma

Despite heavyweight stocks falling way more than what index is showing. Following global cues we should have fallen way more than where we are right now. Nifty is yet to close below 17k, which happened jst once in the month followed by a huge up the next day. A close below 17 k could indicate a new downtrend however, unlikely it sounds. Global Cues playing heavily...

Sarcastic_Sharma Updated 

False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon. A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it quickly...

Sarcastic_Sharma

Price Action suggests that The War pressure on Gold is cooling off. We may see some good news with a bounce on stock markets as well. Gold is not only a precious metal but serves as a hedge against the factors against inflation, interest rates or even the stock markets upto a point. Needless to say who know what'll happen tomorrow? Make hay while the sun shines.

Sarcastic_Sharma Updated 

Nifty touched some very important support lines today and after going down in the wee morning it bounced back and bounced back hard yo! Most importantly it gave a closing of a very respectable level. All the data for now like Inflation Data, Ukrainian War seems, has been absorbed right now. So instead of getting absorbed by the global factors lets just stick to...

Sarcastic_Sharma

Nifty has entered in the ping-pong area and is likely to bounce around here only till the next month or so. Avoid Breakout or Breakdown trades as they are more likely to be fakeouts only. Save your capital always fix risk before you enter a trade and never ever ever dream of holding an option in this market unless you have a concrete plan and know what you are...