Globalmarket
SHORT for BANDHAN BANK hey guys ,
this is my first analyze for shorting a stock
BANDHAN BANK stock was moving in a fixed uptrend ,
misfortunately , this stock has broke its support area ,
and now this stock has retested ,
AND THERE ARE MANY REASONS TO SHORT THIS STOCK ,
1. A GREAT RED CANDLE IS MADE AFTER RETESTING .
2. EVENING STAR HAS BEEN MADE , which gives us confidence to SHORT THIS STOCK .
3. A BEARISH ENGULFING CANDLE has been made , which tells us to SHORT THIS STOCK .
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS .
1. INFLATION
2. WAR
3. RISING BANK RATES
4. RISING CRUDE OIL EXPORT DUTIES
FROM MY OPINION ,
YOU CAN SET YOUR TARGET AT
RS-229.55
and you can earn upto
15.50% RETURN .
and guys , if u liked my analyze
then pls
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DJI - Dow Jones INDEX Gap Filling ?
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally and Indian Markets (Nifty and Sensex) fall will be more serious.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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S&P 500 vs NIFTY / Comparison / AnalysisSince last year's Covid crash, S&P500 has seen three retracements.
Every single time, the crash started with a Bearish Engulfing Candle, over the next few weeks it made a Double Bottom at 50-61% Fib Golden zone, and surged higher with Bullish Engulfing candle. And NIFTY followed suit.
This time around, we have a confluence of Golden zone and previous high support, which makes it a strong support zone (the Down Trendline of the NIFTY Flag also coincides with this zone.). Let's hope the US inflation fears are abated in the coming 3-4 weeks(sooner the better). And we get to witness a fresh leg of bull market. Till then, it's time to exercise caution and treat ones Stop Loss as God's word.
(If too many stop losses are hit, I'd rather watch from the sidelines an keep an eye on the support zone.)
Nifty on major support of trendline - April Month analysisHi guys,
Today's expiry session was very much volatile but one would have managed this volatility if he would have known where are the major supports of trendline in short time frames.
Although today the expiry happened on the major support of Trendline A & B. Both the trendline played as a major support in Nifty. However, If you zoom in it just expired exactly on the trendline. For the past weeks trendline C has also acted as a good resistance and you should keep this in mind once Nifty goes above 15000.
If on the daily time frame, Nifty manages to close below the trendline A & B then we'll see more fall in Nifty to 14000 and below.
Also I have a bearish view in Market as of now as the major bullish trendline is broken. It can go to retest that trendline and then again falls down. So, I am not holding any cash positions for short term, and I will only buy until & Unless trendline C is not broken.
Nifty 50 breakout but way behind global markets retracementsNifty has shown a clear cut breakout on charts. comparing it with Dow, Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we ( Nifty ) are at the retracement level of 0.38 to 0.40 which means we are way behind global markets. so what does it indicates. it indicates that we are going to align with global markets in june or july so what does it mean, either golbal markets has to come down to our levels or we have to rally upwards to align with them. so take your position accordingly.
Dow jones Fib Retracement is around 0.618Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we are at the retracement level of 0.38 to 0.40 which means we are way behind global markets. so what does it indicates. it indicates that we are going to align with global markets in june or july so what does it mean, either golbal markets has to come down to our levels or we have to rally upwards to align with them. so take your position accordingly.