bank nifty pole n flag in 15 min.................................may touch 36700 as the target.
Bank NIfty ....forming Inverse head and shoulders pattern..hoping to fill the gap at the 35800 levels and again a u turn is expected ...as per the 1 hr time frame..
BANKNIFTY ....something is cooking ...the divergence in hourly time frame along with the price making highs and the volumes are reducing ...any moment can be a disaster ..
muthoot finance classic divergence om daily tf ,expecting the stock to rebound from these levels ..
CNX METAL SECTOR.... this sector is showing very good strength in the weekly time frame..and it has also formed two patterns ...so we can see a good rally in the metal stocks ...tata,jsw,jindal,sail and many more .
NIFTY ENERGY SECTOR... formed the cupn handle and still there is some room for the targets...can take positions is energy sector stocks.
Axis bank ...struggling between the gaps ...axis bank seems to fill the down side gap and then travel upside..
ICICI BANK...left many gaps while falling from the top ..now it needs to fill all those gaps .down side gaps are filled..
Banknifty taking supprot at the fib and hope it can travel like this for a short term ..but as i am not a sebi registered analyst ,please trade on your own risk ...this chart is prepared only for study purpose.
JSW STEEL should touch the 725 & 735 level sooner .........................................
jswsteel ...pole n flag brek out ...once it break out the swing high ...it should reach a target of 1100.
BANK NIFTY is losing momentum on up side ,though it might gap up opening ,hope it cant sustain at higher levels and can take a dip..upto 35700 ,35500 and 35000 levels.
NIFTY on 2HR TF has given a very sharp recovery of almost 65 degrees correction from the lows which is not a good sign ,so we can expect a correction from 17490 levels on wards to 17000,16800,16400 possibly the gaps could be filled.
SBILIFE looking good ,hope there is some news in insurance sector ...................
INDIAVIX ...its trying to say some thing though it had made a inverse head n shouders and internally a cup n handle , as long as it is above the trendline we should be careful to enter long.