Market
Trend Analysis for Bank NiftyThe Trendline has been sharply broken by the candles and is expected to reach the nearby support.
Market is already in Greed mood plus there is no update on Covid, more and more people will try to book profits as the market is in overbought or inflated(PE OF BN is 23.1) considering the current condition.
You can expect a target till nearest support
The Time Frame used is 4H
TELL ME YOUR OPINION ON THIS AND THEN LETS MOVE AHEADI am gonna break the generational curse here, I am here on one mission , to bring out the best in you and teach you the best way to manifest good trades.
NATURAL GAS REACHED DAILY HIGH LIKE I SAID IN PREVIOUS POSTGiving you an idea into how i used instituional order flow to predict exact point where price reached. To all those who commented saying retail is gonna help, no amount of trendlines or macd rsi will help you predict with this precision
Bank Nifty : LTP 21178.50#Bullish engulfing on the hourly chart.
Stop Loss below 20800 on hourly closing.
Looks good up from the current market.
INGERRAND : CMP : 604#POSITIONAL
INGERRAND looks good at support.
Target 1 : 660
Target 2 : 700
SL : below 680.
HEG : CMP near by 735 - 740#positional, Wait for the green candle
HEG : CMP 735 to 740
SL : 700
Target : 900+
Nifty analysisThere is divergence of MACD and now the market may see a further decline
Keep an eye on
Short DMARTHOLDING BELOW 2200 , stock will continue its corrective journey & can lead to the level of 2000/1950 again.
RAIN : BO above : 128 on DCBRain industry : BO above : 128 on DCB,
Looks good for more then 20% after that trailing SL as per moving avg of 20.
