Bank Nifty took support at 200 EMA on daily chats, but remained weak on most other parameters.if tomorrow
It made a text book doji where o=c, a strong reversal signal, provided it is supported by tomorrow's candle.
Global markets as as oversold as ours, a short covering bounce may come anytime.
Hello Traders & Investors,
Corporation Bank ( CORPBANK ) is having a strong potential upside. The chart explains all of it.
Firstly, The large volume traded made the prices reach the local maximum of Rs. 29+.
Then we see a flat consolidation phase.
And now finally, there is a new technical breakout.
The stock has potential to reach 35 in less than 24...
Bank Nifty has clearly formed the 3 Drive at bottom pattern and showing Divergence. Those who prefer to take risk can put it the index on radar and initiate a long trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
I found this stock was falling from high value almost a year, the fundamentals are strong, this is a good stock for holding. If it bounce back and trades above 823 with a stable candle then the trader can enter into buy position.