BANKNIFTY ON 15 MINS CHARTBanknifty had broken its major downtrend channel. It’s also sustain below 50% Fibonacci level on its major downtrend. US bond rises again and it affected the USA market while closing. Historical data sys, whenever this news has affected USA markets, there were selling seen the next day in Indian market. Bank nifty closed in rangebound market & any side breakout will result in good momentum. Plan your trade accordingly. Trade safe
BSE
Nifty Metal IndexIn this video I have tried to show some interesting aspects about Nifty, Banknifty and Nifty Metal Index. Also, i have discussed few of the interesting stock setups which an individual can use for studying.
MOTHERSUM | Bullish Flag FormationAs we can see in the daily chart, the price saw an uproar from 160 to 227 levels as an impulse move and started consolidating in a range. Hence, forming a bullish flag pattern in the process. It has taken a support at 211 levels, this can be confirmed by the presence of a Hammer candlestick. If it sustains above this level, you can go long on it for a target of 238 and a further target of 250. Happy Trading!
BHARTIARTL | Range BreakoutIf we take a look at the hourly chart, we'll see that the price fell sharply from 580 levels as an impulse move and started consolidating in the 516-530 range, after which it has given a breakout. But be cautious! The Doji candlesticks indicate that there is still uncertainty. So, wait for a proper bullish indicator to enter. We can expect to see the targets of 540 and 548. Happy Trading!
WIPRO LTD | Bullish Flag FormationTarget: 432, 460
CMP: 410.50
It can be clearly seen in the daily chart that the price has been in a falling channel and has taken a support at the lower end of the channel, this can be confirmed by the presence of a doji candle. Now, the price is headed towards the upper band of the channel(432), if it breaks the level and sustains, then we can expect to see a target of 460.
M&MFIN | Bullish Flag FormationTarget - 224, 245. CMP - 214.90 BSE:M_MFIN
We can clearly see in the daily chart that it has formed a pole & flag kind of a pattern which has already given a breakout of the 215 levels. If it sustains above this level, we can expect a target of 224 and a further target of 245.
BSE : Short & Mid term viewApart from patterns, It may turns bullish side on monthly chart. It is not participated much on market rally. Monthly MACD is positive and also other indicators also showing positive signals. Any time can shoot-up. At first, Daily MACD crossover helps to move upside from the current levels and it may reach the targets on upcoming weeks/Months.
CMP:586.55
Vijayaraghavan.K,
Kovilpatti.
RELIANCE (BSE) - Continue BullishHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction & also training for technical.
RELIANCE (BSE) - Continue Bullish