Hay Folks, Its a sell setup for NSE:BANKNIFTY in 240 time frame. It broke the long followed trend line since last December. Retesting and failing to break the trend line based at feb 2017(blue line) confirms a down movement, so a trader may wait for the retest and take a short position after confirmation. rest the fib levels can guide. Regards Bibin
Trade Buy above - 274.60 Target - 276.85 Stop loss - 272.90
Descending Triangle on Oriental Bank. MACD on Bearish and RSI below 50. NOTE: This chart recommendation for positional, not for an intraday. Trade: Short below - 118.60 Target 1 - 116.65 Target 2 - 114.50 Stop loss - 120.60 Risk : Reward => 1 : 2 Reward Points - 4.10 Risk Points - 2
Descending Triangle on PNB. NOTE: This chart recommendation for positional, not for an intraday. Trade: Short below - 139.00 Target 1 - 136.80 Target 2 - 134.50 Stop loss - 142.40 Risk : Reward => 1 : 2 Reward Points - 4.5 Risk Points - 2.5
Evening star on Yes Bank and MACD on bearish crossover on above the '0' barrier. Trade: Short below - 1420 Target - 1395 Stop loss - 1440 Risk : Reward => 1 : 1 Reward Points - 25 Risk Points - 20
Go long in bank nifty with sl at 20120 for target 20456 within next 5 trading sessions.
Trade buy above - 285.80 Target - 289.80 Stop loss - 283.50
Falling Wedge on Axis Bank and may break upside. Trade: Buy above - 487 Target - 492 Stop loss - 483
AXIS BANK Weekly chart looks very strong uptrend..!! The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
BANK NIFTY facing strong resistance at 20500 it will correct some points The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Symmetric Triangle on Axis Bank. NOTE: if RBI policy on positive then go long otherwise false break-out may happen. Trade Buy above - 488.50 Target 1 - 491.50 Target 2 - 493.50
HDFC Weekly is nearly all time High if continue further uptrend can test retracement 2.618. Otherwise, will test the Low Levels. The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for...
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
Will Bank Nifty follow the Nifty way to fill the existing GAP ? If yes, then bear will takeover the Bank Nifty also. Trade: Short below = 18797 Target 1 = 18709 Target 2 = 18552 Target 3 = 18440 Stop Loss = 19002 Reward Points = 540 Risk Points = 205
BNF looks week and can short at current level 18800, if it retraces please wait to see and short at 18910 or 18985 levels for the target of 18512. If you are taking short position at 18910 keep SL of 19060
Its been observed that PNB has been following an up trending channel since 24 may 2016. Considering the fundamentals, current events and upcoming events I am strongly bullish on PNB. Please feel free to share your thoughts and suggestions on this. PS: A small violation in the channel pattern was observed on the US election results day (09 NOV 2016) when the...
Head and Shoulder formation on Bank Nifty and showing bearish sign. Levels for short: Level to break - 17850 Level 1 - 17715 Level 2 - 17650
* Head & Shoulder * Horizontal trendline (green line) >> Short below 100