vasudevshenoy

vasudevshenoy

Bank Nifty showing bearishness, same as Nifty 50. RSI is showing negative divergence. Bank Nifty is a good buy below 47000 for a target of 50000. Lets see if bank nifty breaks its all time high.

vasudevshenoy

In the chart I have marked most important levels for NIFTY50. I'm expecting a bearish momentum for NIFTY50 in the coming days. Reasons for bearishness: 1. Strong resistance at 22782 2. Strong support at 21774 3. Buy zone and Sell zone with just 300 points difference 4. RSI going downwards Hence I feel market is moving downwards in the coming weeks.

vasudevshenoy

West coast paper has shown increase in volume and has been silent for a while. Chart shows a proper bull flag in one week timeframe. Setting a target of 1000. Target is easily achievable this year. May take 4 months to reach there

vasudevshenoy

Tata motors was till now making flat top breakout. Now tata motors has made a good wedge. Which convinces us to go long for a target of 1500 in the days to come.

vasudevshenoy

Divis lab trying to breakout of a rectangle. Looks like it will go above 4500. Strong confirmation of the same