bse downtrend will continue
as it seems to be in zig zag correction
downfall came in five , sharp upmove came in 3 steps
now again down trend continuing possible five wave formation may form ,
let's wait and watch
it is an analysis , not a trading advice trade with your due diligence.
BSE LTD Make Pall & Flag Flag Pattern But not confirm now ,
BSE Breakout 901 and sustained above 900 than confirm Pall & Flag Pattern Confirmation,
BSE Breakout and sustained above 901-10 than next move 955-60 Sustained above 955 than next move on 1024 and than open the sky of pall and flag pattern Target Move 1300 possible ,
But Now the time market Stay in...
Sector: Banking and Finance
1. Stock is consolidating at 38.2 Fibo levels
2. Forming Penant pattern
3. Long above closing of 920 levels (after breakout)
1. FII/FPI have increased holdings from 7.59% to 9.06% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 1.28% to 0.77% in Dec 2021 qtr
1) On daily time frame, we can see that it has made bullish spinning top candle.
Also it closed below 21DMA and it is trading above 50DMA.
50 DMA which is placed at 1240.07 level which will work as major immediate support.
and 21DMA which is placed at 1330.53 level which will work as immediate resistance.
Sustainable breakout of...