As US bank are performing worse since the '08. . . There can be very much possible it can affect indian markets too. . . First there is a Bearish Divergence on Weekly timeframe between RSI and NSE:BANKNIFTY Price. . . With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees. . . Fib Retracement level of 38.2 is...
JSW steel is performing too well from starting of 2021 but get slow down in mid 2021 till now. NSE:JSWSTEEL . JSW STEEL has a 2 very big Bearish RSI Divergence on Daily Timeframe. . If you look at NIFTY METAL at the same timeframe you'll find same kind of divergence that indicates strong conformation to this trade. . JSW STEEL has taken resistance from 770 to 785...
World Markets are performing so bad in this past 13 months so than india's Nifty 50 index Couldn't make it's new high since October'21. Previos high is performing as a Very Crucial Resistance to Nifty.. And At this Crucial level there is a RSI Divergence in the Market. there seems to be low intrest of bulls at this point so nifty could fall very well to next...
This is a swing or positional Trade. you can exit in 2-3 weeks if your targrt achived you can book some profits and there is a breakout it would be great trade to hold because it would be on it's all time high. and nifty is performing well so it could be a great a leading sector in some time. #Happy_Trading_
SBI IS VERY GOOD BANK AND IT HAS VERY GOOD WEIGHT IN NIFTY BANK SECTOR IS UNDERPERFORMING AND BANK NIFTY LOOKS BULLISH TARGET UPTO 52 WEEK HIGH AT 441 AND STOP BELOW TRENDLINE
HDFC BANK IS NOW AT 200 EMA AT DAILY TIMEFRAME. 200 EMA IS VERY GOOD SUPPORT LEVEL. IF YOU TAKE A SWING TRADE YOUR STOP LOSS SHOULD BE BELOW 200 EMA. YOU CAN PLAN FOR 15 TO 20% TARGET