BANK NIFTY on a steep slope. longs be cautious..
A weekly close inside kumo (below 1400) could lead to further sharp selling as chikou is free for a down move till 1225-1200 (other end of kumo)
Price is trending within a range. Expecting the break out soon.
All things are mention on the chart Educational purposes. Non-advisory, discretional
Now Nifty made Doji which is end of of the trend but we need to wait for confirmation If Nifty shows down move then it will enter again consolidation area like previous . All things are mention on the chart Educational purposes. Non-advisory, discretionary.
NR4 DAY FOR YES BANK CLOSES BELOW 20 DMA AND TWO TREND LINES UNABLE TO CROSS 100 DMA IN TWO ATTEMPTS. DEVELOPING HEAD AND SHOULDER PATTERN WHOSE BASE LINE MAY ACT AS SUPPORT INITIALLY. INCASE OF ANY POSITIVE NEWS THIS TIME IT MAY TAKE OUT THE 100 DMA TO REACH RESISTANCE LINE ABOVE. HOWEVER IF NO NEWS IS THERE IF MAY DECLINE TO THE LEVELS AS MENTIONED IN THE...