BankNifty Analysis:- BankNifty is running divergent on hourly. It will take dip by tomorrow or day after tomorrow. Supports are marked post correction we will rise for last time before going into major correction. If it takes 1st support, target of top is marked accordingly.
As Nifty is heading higher high, till it holds 25050 level we are heading for new high, 26,233 is the minimum upside on higher side.
Breakout from falling channel pattern. Looks good for 2230 . SL:- 1700. R:R:- 1:1
NIFTY 50 INDEX will do one last up marked by a trend line in the form of rising wedge. Possible zone 25400-25600. It can do directly or can go by one dip but it will fast so as to trap more & more retailers on the way. Below is the marked RSI trend line which can give the idea of top as well as we are running divergent. Closing below 25700 level view in invalid.
On Daily Chart Reliance Industries is in range since Aug'21. Expected to breakout in coming days. Tgt & SL for the same is mentioned on chart.
Weekly TF:- Inverse H&S breakout on #TATAMOTORS , one can enter on retest level. Tata motors is headings for 1000+ in coming 12-15 months.
Daily Chart:- ICICI BANK is on a verge of breakout on Daily Chart . Expecting tgt of 1150 in coming days with a SL of 796. R:R is not favorable to enter longs but existing positions can definitely with trailed.
#BAJAJFINANCE is done on upside but is still think it can try for one more ATH before it goes into decent correction till it holds 6438 level. How high it can go? Once it breaks 8192 level, at least 9430 level & can also attempt 10,000 odd psychological level. At the present i have shared support & upside level . Lets have more price action to predict further levels.
AsianPaints was in complex correction since 3rd Jan'22 & breakout out of this range will give us a 1000 point upmove which somewhere falls in btw 4500-4600 level. Complex correction is complete & we can see volume spikes & on lower time frame we can see bullish divergence.
In line with CNXSMALLCAP 100 CNXMIDCAP100 Still have some upside at least till touch of RSI trendline at this point of time. Daily candle is bearish but looking at RSI trendline line , i can see some upside left.
As it broke out, I still see upside on chart. CNXSMALL can go make higher in coming days. It may touch RSI trend line.
Expected to Breakout soon. Tgt mentioned on chart.
Inverse H&S on Daily Chart breakout & retest complete. Shoulder tgt already achieved. Levels are marked on chart.
Dollar index is done with upside. Looking good for a tgt of 105.360 in coming days. Chart is self-explanatory.
Positionally PVRINOX is a good short trade for 1300 odd levels as we are into C leg of ABC correction. View remains invalid above 1900 level.
JIO FIN SERVICES LTD. looks good for 497 odd level if this week close is above 350 level. Sl for this would be 305. Since it is weekly chart. So, it can take max 5-6 months time.
PVR is in C leg of corrective wave & looks like sub wave is in (v) of C. One can enter above 1600 for above marked target. Chart is self explanatory.
Bank Nifty completed 5 wave up & is in ABC completion where A is looking to take support in range of 44,550 -44,444 levels. Late shorts , plz be careful as we will soon look for short term bounce in B up ( marked on Chart).