I was wondering who is pushing the Bank Nifty so I decided to visualize this by this simple comparison. The three major PSU banks are compared with the NIFTY BANK there market cap is as follow 3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE. 9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK. ...
NIFTY on monthly rsi had broken above the trendline.. signals bulls ahead?? something for reference
Crude oil has given a fresh breakout after weeks of consolidation. This breakout could test $ 45, 48 & 51 (INR 3250, 3500 & 3800) provided it does not retrace beyond $41.30 (3070)
NSE:CAPLIPOINT 12 nov-close over reisistance . RSI at 41 . Once RSI near 50 then risky trader can go long .First tgt 515-520 .Next tgt 570
Stock BO and PB to the BO area. Now the stock is looking good to go up from here.
PRZ mentioned on the chart. Let's wait and watch for the next move.
It has given a breakout in daily time frame suggesting further upside till weekly resistance at 370 then 390. Negation for this view would be below hourly Kijun at 340. Ichimoku is a Japanese origin study based on a cluster of specific Moving Averages corelating Price and Time of a trend.
As per Ichimoku Multi Time Frame Analysis it has given a bullish breakout in hourly time frame and a close above 321 would confirm so in daily time frame also. As long as it sustains above 316 it could continue the uptrend till 350
By the observing from left to the right-hand side for AB = CD and 1.27/1.618AB=CD most precise Potential Reversal Zones ( PRZ ) of alternate Harmonic Pattern. The next important level for, Alternate 1.27AB = CD at 13096 can be used to determine other potential Reversal Points. 1.27 AB = CD 13096 AB = CD was at 12765 and the price slightly crossover...
after 3 months of consolidation, M&M has given breakout on upside,it's better to enter aroung 650-660 levels for a target of 720 on daily time frame.
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