HDFC bank trading in its upper range 1722-1800 which always acted as resistance. In Weekly charts Cup & Handle Pattern is complete & also given breakout above 1722-1744 levels but as this range always acted as resistance so will wait for any correction or will buy after breakout of 1722-1800 range. Target will be 2222-2333 range. Trade with proper Risk Management...
Reliance at Trend line resistance in Daily Time Frame if give breakout then it can lead to upper levels & also help Nifty too. Target will be 3044, 3111, 3155 & 3211 with Stoploss of 2955. Thank you & Trade with proper Risk Management. Happy Trading#
Nifty50 in 1st week Bearish Engulfing but not closed below 24811 & bounce back. In 2nd week Bullish Engulfing but having Trend line Resistance with Negative Divergences on RSI. Upside move will be limited till rate cuts but levels can’t be decided for upside. Now trade with Nifty trend & proper risk management. Happy Trading & thank you.
1. Nifty50 now showing negative divergence on RSI with Bearish Engulfing on Weekly Charts. 2. Sell below 24811 with SL 25011 for Targets 24444, 24011. 3. If Nifty50 break 24011 then it may fall till 23333 levels. I will regular update the levels for Nifty50 according with its movement. Trade with proper risk management & Happy Trading
Nifty50 showing negative divergence on RSI on weekly charts. We can see some correction or time based consolidation in Nifty50. Nifty50 levels for selling will be below 24811 on daily basis for target of 24444 & 24011 with Stop-loss of 25025. Trade with risk management properly. Thank you
Nifty50 in may showing negative divergences but because of money flows & everyone becoming Bullish on Market after election results. Nifty50 not move with charts & give upward breakout towards 2018 Trend line but Nifty50 slightly cross this. Now Nifty50 might take some break or move along with trend line. But a Blowoff Top is set in all major markets around the...
Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen. But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can...
Nitty making double top pattern on daily & weekly charts. Below 21700 this pattern get valid for target of 21300, 21011, 20888, 20555, 20222 December levels on 3 states election results & also fill the gaps between these levels. If Nifty close above 22222 levels then pattern become invalid & then we can see 22800 & above levels with election results prediction's....
ICICI Bank at upper trend line & every time selling seen when it comes near trend line. Also RSI showing Negative Divergences with prize. Selling below 1111 will be fast. If there will be no breakdown it may go sideways. Plz before trading study charts carefully with proper risk management & do your own research also. Thanks you
Bank Nifty again at important levels because of HDFC Bank & ICICI Bank. These 2 will decide in which direction this index move. I sense HDFC Bank will be in side ways or move in range till it's result. After result market will decide that merger HDFC Bank is hit or flop till than some negative & sideways move will be there. Do not forget US market also they will...
Bank Nifty making Rounding Bottom Pattern on Daily time frame or will make cup & handle pattern let's wait & watch… breakout level for Bank nifty will be 46444. Some important news will be there from government side & world market are also at some crucials levels watch carefully. Trade with stoploss & proper risk management. Happy trading
DLF in IPO 500 - 555 Range & list on 526 in 2007 now if cross this level & close above it then can see quick move further. After closing above 555 DLF should do some consolidation or price correction to start move further up side. Also Realty Index about to give breakout with same time frame of consolidation at 635. Happy Trading & trade with stoploss.
Banknifty is a bit confuse but in some time it will explode in any direction & but most confusing thing right now is US markets if they can’t give correct direction then will see sideways or some bearish move in our markets. Till we can’t get any clear direction till than simply be on sidelines. Happy trading & trade with stoploss. And also see monthly charts...
Nifty making flag pattern in weekly charts if gives breakout above 19622 then we can see life time high again in nifty. Thanks & trade with stoploss happy trading.
Rupee is gearing up for move if dollar index starts closing below 99 then rupee will move towards 80 & 78. If dollar index move towards 104 then rupee can give more above 83 towards 85 & 87 then Bank Nifty also take back seat & IT sector move. Trade with stoploss & happy trading.
Bank Nifty make a double top pattern & breakdown giving already now it can retest those break down levels & after that big fall can be seen in Bank Nifty. But one more scary thing can be seen trendline from 39000 retest almost 3 time but this time Bank Nifty retest it very quick in time now if this trendline broken then can see more downside. R
India vix going to explode above 12.10 be careful in options & nifty also not giving comfort sign on these levels trade with stop-loss & happy trading
Banknifty making 4 different pattern at same time 1. Flag pattern 2. Rectangle pattern 3. Parallel channel 4. NR7 (narrow range) Everyone is waiting for breakout or breakdown in banknifty. Now wait & watch in banknifty for big & fast move upper level - 44511 lower Level - 45322. Trade with stop loss thanks