BANK NIFTY VIEW: 25650/25900 which would act a immediate resistance in coming days. Beyond this BNF has resistance @ 26400-26500 range. A bounce from current level is possible. Else at the lower side, it has good demand zone at 24450-24150 range where we can buy BNF for the resistance level targets. The channel bottom is marked @ 23400 level. Note: Moving beyond...
Targets are 680/640/615--
as we can see its near major trendline resistance . also moving in a small channel breakout above 675 though one can buy with sl of swing low 634 .
Cholafin - S/R zone + channel It has formed a swing low inside channel a S/R zone Can be a good long candidate
Rpower can move higher if closes above 34.7, if it couldn't sustain it, it will retest 31.8. Break of 31.8 level can take it to sub 27-28 levels. WATCHOUT. P.S. Hammer on monthly is making me have a LONG side bias.
3 week long consolidation coming to an end, might show where is it headed. P.S. Bharti Airtel has AGM on 28th August 2018. It may be an event play.
Broke out of channel and consolidating sideways,if sustains above those channel and line, longs can be taken. Keep in watchlist
Is NIFTY' OVERVALUED? Fundamental View Based on P/E, P/B, Div'. Yld. (A) Nifty' 50’s Price to Earnings (P/E) Price-to-Earnings ratio (P/E) of the NIFTY' is a simple market-valuation ratio. A general guideline to help understand the valuation is: P/E > 24 = Dangerously overvalued P/E >...
Ladder formation (Another rare pattern) Like INFY this stock is also following ladder pattern but in downtrend. Generally it is observed that on of these ladder steps, stocks breaks the channel and moves with tremendous momentum. Is IRB ready for this move???
nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !
OIL: Now in case of OIL you can see a ascending channel breakout on up side but now questions is, Oil going to stay above that breakout level or not? Now CMF showing that a clear buy volume above that level and RSI also break 60 level after long time and along with if can put 200 EMA you can get another confirmation for clear buy for hold until 340 level come....