babai1911

babai1911

bank nifty bounce back is close now, the weekly RSI is now at 38 levels, banknifty has not broaken this RSI since covid fall, looks like it will give a bounce, shorts should book profits.

babai1911

the darling on the market for last year , it however looks like the pary will wind up sooner, there is some negative RSI divergence showing on daily charts, also the kind of over valuation @ 150 plus PE may not hold for long, price may slip down.

babai1911

balkrishna ind is showing early signs of a bounce, for next few sessions at least , a long side trade may be initiated, how ever as the over all market sentiments are weak, one need to be swift enough to exit the trades in case it goes wrong, also regular profit booking is a must.

babai1911

IT sector is showing negative RSI divergence, there can be a fall in coming sessions.it is sugested to not to go for any positional long trade on IT sector. Or some short trades may be initiated on front running IT stocks like INFY.

babai1911

INFOSYS and other IT majors. are showing negative RSI divergences, THe current ralley in IT may loose steam soon, based upon the US election outcomes, IT will see lot of volatility, so be care full on IT bow, and one may take a short view on INFY. chart both weekly, and daily are weak.

babai1911

ASTRAL has taken quite a beating in last months, but finaly it seems to have taken support at the bottom of a downward trending line and a double bottom formation can be seen, stock is at a cruisal support and price action showing a possible trend line break out. 20 DAY EMA is at 1960, If it holds above 20 EMA a positional target of 2137 is possible, The RSI...