at current levels i find it weak , i know its quiet risky , but in games , either u win or you loose!!!!!????
bearish on sbin for near term with a target of 320 -312 levels
dont think the 17% weightage holder of banknifty will sustain the levels and thus can drag bank nifty to lower levels ...
IOC CMP 393.2 The stock looks likely to have made a triple top around 430-450 band - the stock is now trading below the yellow zone making it look weak - staying below the yellow line zone the stock may potentially head towards the green line zone around 360... - immediate support at 380 levels highlighted with dotted red line - sustaining above 405-408...
i feel that bank nifty as opened gap up today and all psu gaining and seem overbaught a profit booking as well as private bank looking weak , sppecially kotak and yes bank as well as hdfc too , i think it should come down to 25400- 200 levels on or before expiry!!!
EUR USD Bearish opportunity more once news releases Best trade if selling EUR USD now can profit 100+ pips
S & R short Raymond idea as we can see from the chart it has rejected 920 upside twice with no major news coming and with RSI trending down a trade can be initiated at 875 with a stop loss of 930 and target of 825 which is .618 fib retracement also a trending channel support. a trade can be hedge with 820pe sell at 13.90
Nifty was shown to be heading into resistance, as expected the Tools have managed to curb the bullish enthusiasm.Now with volatility being introduced last week we will have to accomodate some more pain for the next few days.Macro numbers have started emerging and the rest shall be dished out in the next two days.Can the trend hold on or cave in? Supports around...
I will like to short pvr at high for target 0f 1250 1230 1200
a bearish ab=cd harmonic pattern has been formed a short idea can be initated at entry price of 442.85 with first target of 426.85 fib retracement of .382 and 2nd target of 409.85 fib retracement of .618 a option idea can also be taken by selling 480ce at 10.10 and 400pe at 5.30
will wait for confirmation and sell kotak for immediate target of 1020
Everything Mentioned over chart...
drive.google.com Bank Nifty is Saturated in monthly view , more Correction , According to telescope pattern my views. Bank Nifty Peak in July and August . RSI in peak Break out in 2007 , lead to crash NSE:BANKNIFTY
in weekly, midcap index is in uptrend channel resistance, regular bearish divergence seen, we may see consolidation/correction
In weekly, price touched ascending channel resistance line, now it is moving down. In daily, ascending wedge formed, support broken, now retesting the broken support. Also BB shows the reversal in the trend. Price can slide down to 180-170 range.
in weekly, wave C is going on. in closure look, there are a lot much left of wave C. wave B retraced 50% of wave A, so wave C should be extended. Now counting the fractals of wave C shows that, sub wave going on. looking at the retracement levels it can plunge below 560 levels. So one should exit in every bounce. Note: this is for educational purpose.
the level of 58 played a crucial role in Andhra bank. Initially it acted as a resistance then broken, and gave support in couple of instances, Now as it is broken and price retraced to this level, now it should act as a resistance. If this crucial level is saved then price may slide down to 54 - 53 levels. Note: this is not a short selling advice, as fno...