Below are the 5 charts in Monthly time frame, which are at an interesting part of their lives.
Bank Of Baroda --> On Lifetime Trendline
Adani Enterprises--> Breakout and Retest Neck
AXIS BANK --> Triangle
Fortis--> ON the neckline
TCS--> Breakout and Restest
After peaking out on jan 29th, NIFTY is tumbling down, puling down a whole range of stocks with its strong gravity.
But ther are a few who seems to disobey the Netows laws of gravity.
The 5 stocks whose names can be seen on the top right took a turn against nifty from March 7th. After falling along with the nifty all feb, , its seems that these stocks were...
In this Nifty correction,PSU BANKS has break breaking its LOVVs(LOWS). This week most of them broke their 52 week low and Many of them are close to their LIFETIME LOWS.
Not saying that they are gonan hit their lows, just an birds eye view of whats going on in their lives
Here are 9 of them Sharing the same LOW-STORY
UNION BANK OF INDIA-->
This week it broke its...
In last 10 years the two giants of Indian economy had a rather contradicting journey.
THe comparison in the post above is just identify the pattern that Reliance and TATA creates whenever it starts a new company.
RELIANCE==
IT starts off amazing. with record IPO subscription and money pouring into the market from all direction coz of their name, it grows in...
Studies done
1) Gap study (Roughly nifty give 30%-40% gap days.) all gaps are not shown on chart.
2) Time study
8300-8500 is very importance level like do or die situation.
According to me current rally is impulsive, so i see upside continuation after retracement.
waiting for some insight from all of you guyes.
