All confirming signals in SBI for selling
Usually in the past, Nifty is seen hugging the 200 Day Moving Average. Historically, Nifty is seen touching the 200 Day MA atleast once in a couple or 3 years once. However over the last 3 years, it still has not come close to the current 200 Day MA which is around 9900. I see the index mean reverting in the next 6 months or so.
Head & Shoulders sell for GBP INR with a target of 85.3420
Nifty a good buy at 11100 to 11150. Support at those levels.
Nifty may move to 11500 to 11600
Head and shoulders with bearish divergence on bank nifty. Short
Stock has come down with a bullish divergence.
Trend reversal of a big up move. Prospective right shoulder formation to 290 on 7th and 9th Nov. Then could move to 275 to 280. Also Elliott Wave formation from the up move of 250 to 300 could aid the reversal.
Nifty short target 9950 and how it may go there
A cypher and a potential Bat on the way. Might touch 7950
2 prospective cyphers on the short term on SBI. One bullish and one bearish. It would be great if it honours both of them.