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Investers happy to see my result on HAPPIEST MIND TECHNOLOGY Happy time came for long term holders of happiest minds technology those who show patience in that share time to take reward now Technical points :- 1. STRONG double down rising channel ( sign of reversal ) 2. FLAG pattern breakout after the double channel 3. H4 on stipple top breakout 4. Near supply zone 5 Trend line visible on H4 time frame as my previous research of double channel breakout TARGET FIRST TRG - 1200 SECOND TRG - 1400 THIRD TRG - 1800 FINAL TRG - 3200 & 4000 and that target is REAL i am expecting that share reached 4000 in next year
NSE:HAPPSTMNDS
by Share-Mechanic
6
26th Dec ’23 - BankNifty stance changed to neutral, IV going upBankNifty Analysis Was quite surprised to see BankNifty following the ascending channel’s bottom trendline with a near correlation. Only for a brief period, we traded in RED, once BN pulled itself above water - it was able to hold its level quite strongly. 4mts chart link - click here KOTAKBANK, AXISBANK, and HDFCBANK were trading in green giving BN a much-needed green cushion. Even then there was no strong bullish momentum today - it was just that the bears did not have any control today. 63mts chart link - click here On the higher timeframe, BN is still inside the ascending channel. The bears are unable to exert any pressure post 20th December. Since BN is not ceding ground, I have to change my status from bearish to neutral for tomorrow. This week BankNifty and Nifty are expiring together on Thursday, which means we have no instruments expiring tomorrow 27th Dec. India VIX rose 7.08% today almost touching the 15 levels. Looks like VIX is creating an interim bottom. My EMA’s will show a golden crossover in 2 days if we continue the rising trend. After the news broke out about the drone attack on 2 vessels carrying Indian nationals - I seriously thought we would have a negative reaction today. Seems like the markets were not at all bothered. My next question is, will the market react to this news tomorrow? - “blast outside the Israel embassy in Delhi” VIX 1D chart - click here
NSE:BANKNIFTY
by viswaram