SBIN: Has given a breakout and confirmation candle has also come. The right time to enter as Bank Nifty outperforming Nifty. The risk-reward is very favorable. Buy every dip till 340. Stop loss and target mentioned in the graph.
Very strong tested support @ 200 DEMA. Strong buying after so many days. Can go long for the given target points. Short only when it breaks the important support level of 1500.
Banknifty shows the Uptrend.. If it Break 33900 and sustain it shows big up move. resistance 34000/34300/34500 Support 33300/32900/32500 ( for educational purpose only 29 apr. is Monthly and weekly expiry keep it mind )
BANKNIFTY Resistance: 33764 - 34204 - 34762 Support: 33148 - 32766 - 32150 - 31710 - 31152
NIFTY Resistance: 14890 - 15003 - 15147 Support: 14732 - 14634 - 14476 - 14363 - 14219
Bank Nifty levels...28/04/2021(D Candle)
Red line with histogram represent Point of control where most of the volume has been exchanged and that particular level coincides with 50 % retracement level. Overall it’s a strong resistance.
CURRENT STRUCTURE:WXY DOUBLE CORRECTION CURRENT LEG:WAVE Y(ABC) CURRENT INTERNAL STRUCUTRE: WAVE A COMPLETION LOOKS LIKE EICHER MOTORS HAS COMPLETED IT'S WAVE A OF HIGHER DEGREE WAVE Y SECOND CORRECTION.PRICE IS MAKING HAMMER CANDLE STICK PATTERN WHICH IS A SIGN OF BULLISH REVERSAL.ALSO PRICE WISE IT HAS A SUPPORT OF 61.8% EXTENTION OF WAVE W @2340. LONGS CAN...
BANKNIFTY Resistance: 32784 - 32957 - 33176 Support: 32542 - 32392 - 32150 - 31977 - 31757
NIFTY Resistance: 14658 - 14722 - 14804 Support: 14568 - 14513 - 14423 - 14359 - 14277
Huge volume and a huge fall. please give some time to cool it down. I Will update while consolidation signs are seen or a breakout reversal is spotted. Right now I don't see a bullish candlestick pattern even.
The Indicator Used: PANEL 1: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation. PANEL 2: 1) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback Blue Candle: Selling Divergence Yellow...
ENG.INDIA EQUITY levels ...28/04/2021 (D candle)
PNB EQUITY levels ...28/04/2021 (D candle)
BAJAJ AUTO EQUITY levels ...28/04/2021 (D candle)
U.S. Dollar / Japanese Yen 480 Mins Chart (log scale) Bullish Sequence FX:USDJPY
NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.