- Bank nifty took support today tried going up side making range bound in second half. and trapped many with volatile moves. - May take dip before going up till 42100 to 42200 or stay range bound - bullish move can be expected if cross 42350 and sustain. Bounce is expected till 42600 in coming days
After a 5 wave advance the Nifty PSE index , is making a higher high. The implications are that the move upwards is not over and extending into multiple legs. 13 waves or 17 waves only time will tell. We know that it is not over and that is a good starting point.
BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart Entry – CMP or around 60 (if Pull back happens) Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up) Target 1 - 103.45 Target 2 - 195.7 Duration - 2-4years Small resistance around 59.6 (Crossed and Sustained) Strict Trailing Stop loss will be required...
Entry – above 42.55 only (else Stock is in Sideways Trend) Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up) Target 1 – 59.7 Target 2 – 85.4 Duration – 1-2years Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book. Technically, Good Accumulation is...
MAY BE FLY.WATCH IT FOR INTRADAY.IF INTERESTED IN MY CHARTS THEN LIKE & SUPPORT.