Hi all!!
Good day!
I have been posting to warn the retail investors foreseeing the risks in the markets. Here is another major bank.
With my technical analysis , the HDFC Bank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. The price targets are at scariest levels.
Current Price: INR 1022
Price Fall Target: INR 77 - 94 ...
Nice breakdown on more than a decade-long rising wedge on Bank Nifty.
Scale - Log; TF - biweekly.
Indicates significant downside.
Additional confirmation - HV is no-where near levels that may indicate that a bottom has been formed. Expect this fall to accompany high HVs & IVs.
Hi all!!
Good day!
It's sad news that YESBANK bankrupt and the shareholders of YESBANK are in despair state. It's time to think the state of other banks like AxisBank.
With my technical analysis, the Axisbank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. I'm not here to create panic at any cost. I always want the markets...
MindTree is presently is getting squeezed for one more break-out
if it breaks out on long - target would be 1031.5
if it breaks down on short side - target would be 950
Lets see how it plays out in next couple of days
Happy Trading
MSK
Larger resistance and an upward channel is forcing the pair to go higher. This along with global negative cues and annual government of india budget which markets didnt like can possibly take dollar up to 72₹.
Intraday And Positional View.
Symmetrical Wedge Pattern Formation,With break above at thinnest part of the cloud.
Increasing Number of buyers in last few hours...
Nearing quarterly Result on 4th Feb.
Following Trades Can be taken
Long Above 1111, SL 1101
target 1120,1126,1136
Short Below 1099, SL1111
Target 1080
